Why the “Rich” don’t pay income taxes in the USA or anywhere else

Categorized Under: wealth 2 Commented

The US Congress, in yet another act of political courage, adjourned themselves a few weeks ago so they could run out and clamor for our votes. They did so without addressing a critical piece of legislation: what to do, if anything, about the so-called “Bush tax cuts” that will expire on January 1, 2011. If Congress takes no action, income taxes on every American will increase, even at the height of the worst recession in my memory.

The Democrats say they want to keep the cuts for all but the “rich” (their definition – those whose taxable income – note the distinction between “gross” and “taxable” – is more than $250,000 USD per year). The Republicans say the Democrats are playing “class warfare” and that this will hurt small businesses – generally believed to be the greatest creators of jobs. Well, Dr. Dick strips away the BS for you and tells it like it is in the video below:

So don’t believe all the garbage you hear on the TV news or from the mouths of those who want your vote. Most of it is designed to camouflage the failure of this Congress, as well as its predecessors, to deal with the real issues and problems facing the USA.

Exposing political baloney for all…

Dr. Dick

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2 Responses to “Why the “Rich” don’t pay income taxes in the USA or anywhere else”

  1. Excellent Advice Dr. Dick,

    Those are great educational tools, but is not going to solve the problem unless people use these tools.

  2. Dr. Dick says:

    Thanks for your comments, Alecia. The time is short to get “educated” about these things. A great transfer of wealth is about to take place in the next few years, worldwide. Those who are prepared will be on the good side of that exchange.

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