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Reply #130: Reinvestment is not income. Reinvestment is an expense. [View All]

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haele Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-28-11 03:18 PM
Response to Reply #66
130. Reinvestment is not income. Reinvestment is an expense.
Paying employees is an expense.
Agreed, people should be able to make as much as they can - there shouldn't be a cap on salaries, but as the old saying goes - to whom much is given, much is expected.
People who make more money tend to use more government infrastructure and services. Therefore, they should pay more in taxes on the revenue they call their income.
If they take more of their revenue and plow it back into their business than they pay themselves as income, then they pay less taxes on their own income.

I won $25000 in a lottery last year. One time "found money", same as an increase in income just for last year. I have no problems whatsoever with the 25% taxes I paid (up front, thank goodness!) on it, just as I have no problems paying my fair share of taxes on my regular income.

I do have a problem with profiteers who don't pay their fair share, though. And that doesn't mean the people who barely survive on minimum wage or with help from the government. No matter how much help the government gives them, those on the lower end of the income spectrum sure as hell aren't making enough to live even a comfortable, middle class existence.

Haele
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