Tue, Sep 23, 2014, 2:24 AM EDT - U.S. Markets open in 7 hrs 6 mins

Recent

% | $
Quotes you view appear here for quick access.

Oracle Corporation Message Board

  • delucks345 delucks345 Apr 7, 2013 9:13 AM Flag

    gop: tax the poor more and cut taxes for the rich.

    Texas gets over half of its tax revenue from sales taxes.... and the poor pay more.. the rich pay less..... Gov Jindal in La,. wants to end state and corporate income tax and get all revenue from a sales tax.... good old gop, always out to make the richer richer and everyone else poorer.

    In Texas the bottom 20% pay 12.2 % of their income in sales and local tax....quite a burden much more
    than the richest there who pay 3.3% of their income.

    Texas's Tax Code: Poor Pay More

    ......Texas families earning less than $18,000—the poorest fifth of Texas non-elderly taxpayers—pay 12.2 percent of their income in Texas state and local taxes.

    .......Middle-income Texas taxpayers—those earning between $31,000 and $51,000—pay 8.5 percent of their income in Texas state and local taxes.

    .........But the richest Texas taxpayers—with incomes exceeding $463,000 per year—pay only 3.3 percent of their income in Texas state and local taxes

 
ORCL
39.58-0.22(-0.55%)Sep 22 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Herbalife Ltd.
NYSEMon, Sep 22, 2014 4:01 PM EDT
EMC Corporation
NYSEMon, Sep 22, 2014 4:01 PM EDT