wealthy benefit most from tax subsidies

iVillage Member
Registered: 09-15-2008
wealthy benefit most from tax subsidies
137
Wed, 09-22-2010 - 9:25pm


(Reuters) - Billions of dollars in U.S. tax breaks to encourage home ownership, retirement savings, business start-ups and education mostly benefit top income earners and do little to help low- and middle-income people build wealth, a report released on Wednesday said.

full article:
http://www.reuters.com/article/idUSTRE68L3WP20100922

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iVillage Member
Registered: 10-30-2003
Thu, 09-23-2010 - 5:13pm

Still doesn't take it into account.

Anne

I have no need for anger
With intimate strangers
And I got nothing to hide



- Amy Ray

I have no need for anger
With intimate strangers
And I got nothing to hide


- Amy Ray

iVillage Member
Registered: 09-01-2010
Thu, 09-23-2010 - 5:29pm

Well...I'd say that is a thought, but then let's not wring our hands over deficits. Better yet, let's let all of those cuts expire on time. Then, if there is a pressing need, we can offer rebates or lower/raise rates as necessary.

~Opal~
~Opal~    
iVillage Member
Registered: 09-01-2010
Thu, 09-23-2010 - 5:31pm

Income and wealth are two different things. That same 1 percent owns over 40% of the nation's financial wealth (stocks, bonds, commodities), and they get income from that wealth.

~Opal~
~Opal~    
iVillage Member
Registered: 08-16-2005
Thu, 09-23-2010 - 5:33pm
We need to cut spending...not pass the budget proposed, but trim it way back is one good start.


iVillage Member
Registered: 08-16-2005
Thu, 09-23-2010 - 5:34pm
People saved and invested money they earned...they already paid taxes on that money.


iVillage Member
Registered: 03-10-2010
Thu, 09-23-2010 - 5:37pm

I think we should just let all the cuts expire on time.

 

iVillage Member
Registered: 10-30-2003
Thu, 09-23-2010 - 5:40pm
p.s. even though I knew it was just an animation, I still had the uncontrollable urge to smush the little "bug" in your siggy with my finger. :)





Drives me crazy!





Anne

I have no need for anger
With intimate strangers
And I got nothing to hide



- Amy Ray

I have no need for anger
With intimate strangers
And I got nothing to hide


- Amy Ray

iVillage Member
Registered: 09-01-2010
Thu, 09-23-2010 - 5:47pm

Okay...okay...

To you and Jackswasted.life, the bug has been exterminated.

~Opal~
~Opal~    
iVillage Member
Registered: 10-30-2003
Thu, 09-23-2010 - 5:48pm

Oh no! Put it back!

Anne

I have no need for anger
With intimate strangers
And I got nothing to hide



- Amy Ray

I have no need for anger
With intimate strangers
And I got nothing to hide


- Amy Ray

iVillage Member
Registered: 04-09-2007
Thu, 09-23-2010 - 5:52pm

I think, though, it all determines how someone got the bigger piece of pie.



I remember having a conversation a few years back on a headline about the people from the show "Friends" getting $1M an episode.

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