` Ed Butowsky: Could Taxing The Rich Make Our Economy Worse?

Ed Butowsky: Could Taxing The Rich Make Our Economy Worse?

on Sep 12, 2010 in Fox News, FrontPage, Media Center by Ed Butowsky | 13 Comments »

Ed Butowsky, Managing Partner of Chapwood Investments Management, appears live on Fox & Friends Sunday on Fox News Channel to discuss the Bush tax cuts set to expire in January. More importantly, should the President allow these cuts to be extended or allowed to expire? Could a tax cut extension help or be a debilitating affect on this economy?

Ed Butowsky explains that the worst thing this administration could do is to allow these tax cuts to expire. Is this worse than the recession news itself? Ed further describes that the biggest player in this economy is the wealthy – they buy, sell, and create new jobs. Without their part this economy could slow down even further.

FACT – The Top Taxes on Top Earners (based on IRS income tax reports):

  • 2007 Tax Year – The top 1% of earners paid 40.42% of Income Taxes
  • 2007 Tax Year- The top 5% of earners paid 60.63% of Income Taxes


Tags: , , , , , , , ,

13 Responses to "Ed Butowsky: Could Taxing The Rich Make Our Economy Worse?"

  1. Merchant Lynx Services says:

    Well the economy has been really terrible lately. I’ve been needing a job for months now. I have a masters degree in engineering but can’t get a job! Bah!!! Help us Barack

  2. Merchant Lynx Services says:

    On another note the US economy has been really bad lately. I’ve been on the job market for months now. I have a masters degree in programming but can’t get a job! What has happened to our nation?!

  3. Ivy Verzekering says:

    Hi,

    I was searching for some info for my Nvidia videocard. Did not find it here, but loved your post. I find it importand that people pay attention to details.

    Best regards!

  4. Shae Bianchin says:

    Hey, i read all your pots, and i’m really loving your contributions so far.:)

  5. Alton Ferster says:

    I love that blog. I will for sure be peeping into it again.

  6. Cussen says:

    Just wanted to give you a shout from the valley of the sun, great information. Much appreciated.

  7. Francisco Lavigna says:

    Wow, what a great read! Thanks so much for doing such a fantastic job with this, i’ve bookmarked your site so I can stay up to date with your stuff.

  8. Ren Arseni says:

    Thanks, I bookmarked your website and will come back later.

  9. 61Moder says:

    nice, thank you so much 😉

  10. Porter Fairbrother says:

    An objective without a goodplan is just a fantasy in my opinion

  11. Lester Lentine says:

    Great info! I recently came across your blog and have been reading along. I thought I would leave my first comment. I don’t know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.

  12. Chuck says:

    Information like this you don’t hear from your broker or financial planner. Probably b/c they don’t want to scare you. I think its been a long time coming that society realize how much censorship we get here in the land of the free speech. Great Job Ed. Keep up the great work.

  13. Aida Obeso says:

    I’ve been exploring for a little bit for any high-quality articles or blog posts on this kind of area . Exploring in Yahoo I at last stumbled upon this site. Reading this info So i’m happy to convey that I’ve an incredibly good uncanny feeling I discovered exactly what I needed. I most certainly will make sure to do not forget this site and give it a glance on a constant basis.

Trackbacks/Pingbacks

  1. Financial Advisors Charging Fees Behind The Scenes | Ed Butowsky

Leave a Reply

About Ed

Ed Butowsky is a nationally-recognized expert in investment management. Butowsky has been in the financial services industry for over 25 years. He was previously a Senior Vice President at Morgan Stanley and a Managing Director ... More »

Contact

Ed Butowsky, Managing Partner
Chapwood Capital Investment Management, LLC
Website: www.chapwoodinvestments.com
Email: ed@chapwoodinvestments.com
Phone: (972) 865-2225