--- In [email protected], off_world_beings <no_re...@...> wrote: > > > > > --- In [email protected] > <mailto:[email protected]> , "ShempMcGurk" <shempmcgurk@> > wrote: > > > > You are confusing the issue by bringing in the concept of "profits" > for different class groups. NET PROFIT (revenue less expenses) for a > individual taxpayer -- which under this discussion would be an > individual doing business as a single proprietor or his share of a > partnership -- is considered taxable income (that is, once deductions > and exemptions are deducted from that net profit).>> > > That's called profit. No-one is technically taxed on anything but profit > (unless they are not educated, or rich enough to have lawyers. Warren > Buffet says he pays less taxes than his secretary. If you can deduct it > against your income then that is a deduction. If after all deductions > you apply, your income exceeds your expenditure, then the difference is > called profit. But I guess you didn't know that and you are being ripped > off for that enslaved mind of yours, and the rich and the corporations > end up with YOUR money in their profit.. > > Now answer the questions:
I already did in the last post, if you bothered looking below where you actually asked the questions. Pay attention. > > What should be the tax rate: > > 1. For the lower middle class? -- their profits that is, not their total > revenues. > 2. For the middle class? -- their profits that is. > 3. For the wealthy ( eg. earning over $250,000 a year in profits - > notice I said PROFITS, not income.) > > OffWorld > > > > > > > --- In [email protected] > <mailto:[email protected]> , off_world_beings <no_reply@> > wrote: > > > > > > > > > Shemp and Willy : > > > > > > What should be the tax rate: > > > > > > 1. For the lower middle class? -- their profits that is, not their > total > > > revenues. > > > > 17% > > > > > > > 2. For the middle class? -- their profits that is. > > > > 17% > > > > > > > 3. For the wealthy ( eg. earning over $250,000 a year in profits - > > > notice I said PROFITS, not income.) > > > > > > > > > > > 17% > > > > > > > OffWorld > > > > > >
