Obama Pays Less in Tax than his Sec

[Taurus]

Originally Posted by V Chip

But see here is the problem with this line of thought: not every person who works like this will see the fruits of their labor. In fact by definition unless they are hourly employees, every hour that you work beyond the full-time week is fruit you are giving away for free. If you ran a business the way you work you would go out of business in a matter of months unless you had a huge reserve of cash. Why would any business give away thousands upon thousands of dollars in labor for only a potential return on investment of pennies on the dollar? It's a losing proposition. The companies you work for of course accept it (it's completely free labor!) and many now have come to expect it which is astounding that so many people are willing to give up their time for nothing.

I can almost guarantee you that if you add up the time spent working for free, that overwhelmingly outweighs the benefit received -- otherwise the business would never make that decision to give the benefit that outweighs the labor involved. For some things (startups, looking for investment capital, potential sale of a product) the benefits can outweigh the time lost but for the majority of cases just working an extra 10-15 hours a week for XYZ company to meet a deadline on installing a new system will result in a bonus/raise that is fractions less than the money lost in the extra work. And yet so many people work all this extra time because it is expected or on the potential future payment that won't nearly cover what was lost.

The Comp-Time is a lie.

[mister pc]

Originally Posted by wcklink

Like I said, if knocking down your 40 a week provides you with what you need, that's fine. If not, don't let the government act as your proxy to take the fruit of someone else's labor to fit you idea of a "fair share". Just quit complaining about the people that pay almost 40% of the tax burden while earning only about 20% of the income. I'll ask you again, what is their fair share, in you mind. Would them paying 1/2 the freight make you happy? How about 60%, I mean what is your number.

The reason why top earners pay a disproportionate amount of taxes, is because their income keeps growing disproportionately. But the top income tax rate is lower than its been in generations! That's not an opinion, its a fact. Tax revenue collections would be more spread out among earners if wealth distribution was more equal. Ask what is my number, I would say lets at least go back to what it was under Reagan, that's a start. Yet somehow its socialism now to revert to a tax rate that USA had 30 years ago. That's funny, I didn't know that the United States was a communist country from WWII through the Clinton years.