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| Subject: Re: What are you talking about..the poor pay zero income taxes | |
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Author: jw |
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Date Posted: 12:35:24 11/05/07 Mon In reply to: Oropan 's message, "Re: What are you talking about..the poor pay zero income taxes" on 12:06:02 11/05/07 Mon O is partially correct, horrah!!!!!!! Cuba taxes foriegn income, either from tourists or relatives living overseas, this started in 1995. Cuba does not tax locally earned money, this probably has not changed. I guess O would have to pay taxes on his ill-gotten gains from exploiting human and natural resources, and he would have to pay a significant percentage of his fair share, but for most cubans there is no income tax. Perhaps the united arab emirates (dubai) has no income tax, they sound like the mercentilist dictatorship type that O would love america to kneel before. Well-to-Do in Cuba to Pay an Income Tax Save Share Del.icio.us Digg Newsvine Permalink REUTERS Published: November 26, 1995 Well-to-do Cubans will have to pay a personal income tax on hard currency earnings starting next year, the Government said today. Cubans have not paid taxes since the early years of the country's 1959 Communist revolution. The move appears aimed in part at countering increasing income disparities. The new taxes "permit a just redistribution of income to finance social programs that benefit all the population, with a greater contribution from those who have a superior economic capability," a Finance and Prices Ministry statement said. Cubans earning dollars, such as those working in tourism or the small emerging private sector, are often vastly better off than those earning pesos. The peso is officially worth one dollar, but its street value is currently only a small fraction of that. The income tax on people earning hard currency, which excludes dollar remittances from abroad, establishes a scale from 10 percent taxation for people earning less than $2,400 up to 50 percent for people earning more than $60,000 a year. >Sorry to disappoint you but the socialist dream of >Cuba does have an income and it is higher the the US. >"The rate of the progressive individual income tax >varies from 10% (income bracket inferior to 6 000 USD) >to 50% (income bracket superior to 60 000 USD)" >That is why their ecomomy is lousy? >BTW, notice how they tax their low income people-below >$6000 - at a 10% rate. >Also, Canada won't take you as a citizen so you would >not get into their health system. But I'm sure you >could find plenty of Canadians who would trade places >with you if you could get away with it. > > > > >> They are not ripping me off for my electric, i have >>solar, nice try though. I have a decent union job, so >>i am still getting decent compensation for my labor, >>but if i lost it, i would head north of the border >>where i don't have to worry about wall $treet denying >>my family health coverage. >> >> If you hate paying taxes so much, why don't you >>move to country that doesn't have taxes, like north >>korea or cuba? >> >>>They pay enough for goofballs like you to be able to >>>buy a computer and pay for the electricity to operate >>>it. Spend less time online and look for a higher >>>paying job or at least get some skills so somebody >>>would want to hire you. There is a shortage of >skilled >>>workers in this Country and they get paid very well. >>>The public school system in the US is mostly turning >>>out lazy dumbells who only show up to work when they >>>feel like it. >>> >>> >>> >>> >>> >>>> That's because the top 1% do not pay living wages >>>>to the lowest 40% of the workers, assuming they have >>>>not shipped their low paying jobs to slave labor >>camps >>>>in china. In europe the rich pay at least 50% in >>>>taxes, and most west europeans do better than most >>>>americans. >>>> >>>>>In fact the lowest 40% of workers pay ZERO income >>>tax. >>>>>The top 1% of earners pay around 30% of all income >>>>>taxes paid. There is something dead wrong when only >>a >>>>>small percentage of earners are paying almost all >>the >>>>>income taxes and a large percentage are paying >>little >>>>>of nothing. Maybe we should have Buffet pay ALL the >>>>>income tax for all of us and then the rest of us >>>could >>>>>skate free. >>>>> >>>>> >>>>> >>>>> >>>>> >>>>>> He thinks he should pay more along with people >>like >>>>>>Bill Gates dad and Kerry etc. plus we went into a >>>>>>recession when bush cut taxes we are still in one >>. >>>>>> >>>>>>I should pay more tax, says US billionaire Warren >>>>>>Buffett >>>>>> >>>>>>By Andrew Clark in New York >>>>>> >>>>>>11/01/07 "The Guardian" -- -- Warren Buffett, the >>>>>>famous investor known as the "Sage of Omaha", has >>>>>>complained that he pays a lower rate of tax than >>any >>>>>>of his staff - including his receptionist. Mr >>>>Buffett, >>>>>>who is worth an estimated $52bn (£25bn), said: >"The >>>>>>taxation system has tilted towards the rich and >>away >>>>>>from the middle class in the last 10 years. It's >>>>>>dramatic; I don't think it's appreciated and I >>think >>>>>>it should be addressed." >>>>>> >>>>>>During an interview with NBC television, Mr >Buffett >>>>>>brandished an informal survey of 15 of his 18 >>office >>>>>>staff at his Berkshire Hathaway empire. The >>>>>>billionaire said he was paying 17.7% payroll and >>>>>>income tax, compared with an average in the office >>>of >>>>>>32.9%. >>>>>>"There wasn't anyone in the office, from the >>>>>>receptionist up, who paid as low a tax rate and I >>>>have >>>>>>no tax planning; I don't have an accountant or use >>>>tax >>>>>>shelters. I just follow what the US Congress tells >>>me >>>>>>to do," he said. >>>>>> >>>>>>Mr Buffett also took a pot shot at hedge fund >>>>>>managers. He said: "Hedge fund operators have >spent >>>a >>>>>>record amount lobbying in the last few months - >>they >>>>>>give money to the political campaigns. Who >>>represents >>>>>>the cleaning lady?" >>>>>> >>>>>>His intervention comes amid an increasingly >>>rancorous >>>>>>debate on Capitol Hill about tax. Shortly after >>>>taking >>>>>>office, President Bush pushed through $2 trillion >>in >>>>>>temporary tax cuts, including sharp reductions for >>>>>>high-earners. These expire at the end of 2010 and >>>the >>>>>>White House wants to renew them. >>>>>> >>>>>>A leading Democrat, the Harlem congressman Charlie >>>>>>Rangel, published alternative plans this week that >>>>>>would impose a 4% surcharge on people earning more >>>>>>than $200,000 a year, while delivering tax relief >>to >>>>>>90 million working families. >>>>>> >>>>>>Republicans say the net effect would be a $2 >>>trillion >>>>>>tax increase that would hurt small businesses and >>>>>>farmers. Meanwhile, Mr Buffett's remarks drew a >>>>robust >>>>>>response from the US Chamber of Commerce, which >>said >>>>>>the top 1% of US earners accounted for 39% of tax >>>>>>revenue - and the highest earning 25% of the >>>>>>population delivered 86% of the tax-take. >>>>>> >>>>>>The chamber's chief economist, Martin Regalia, >>said: >>>>>>"Mr Buffett has made an awful lot of money and if >>he >>>>>>wants to pay more taxes, I think that's fine. But >I >>>>>>think he should get his facts straight." >>>>>> >>>>>>He added: "There's no question in my mind: if you >>>>were >>>>>>to impose [the Democrats'] tax increases, you >would >>>>>>see the US go into a recession." >>>>>> >>>>>>© Guardian News and Media Limited 2007 [ Next Thread | Previous Thread | Next Message | Previous Message ] |