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In his pitch to raise taxes on the wealthy, Pres. Obama says it's “a simple choice," not...
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Thursday, October 6, 2011, 12:10 PM ETIn his pitch to raise taxes on the wealthy, Pres. Obama says it's “a simple choice," not class warfare: Millionaires and billionaires vs. "teachers and construction workers and veterans." On the 5% millionaire surtax proposed by Senate Democrats: "I'm fine with the approach they are taking." (WSJ live blog)
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This news story has 30 comments:
You don't pay more taxes than high net worth individuals. You never have and you never will.
The fact of the matter is that if you are a public school teacher - and i know you are not - you work for me and all the rest of the people like me. Unfortunately, we allowed you to unionize...too bad. We were stupid. Now we know what we did wrong.
Of course you should be paying more in taxes than the Oil Company Exec.
After all, maybe you donate $100 to your political party and they give millions to both sides.
Nowadays, fairness is measured by influence purchases.
However, this is not the case.
To bad he doesn't tell people the truth... in order to balance the budget all programs will have to be cut... and everyone will have to pay more in taxes (not just the millionaires). That would actually be leadership.
But I guess getting re-elected is more important than the future of the country.
Very tired of hearing him lecture and spew half truths.
I agree with what you say. We are only getting half the truth.
But it's not just from Obama, it's from all of Congress. Politicians have learned, over time, to tell the people what they want to hear."Spin" has replaced Truth.
Unfortunately, to paraphrase Jack Nicholson, "...We can't handle the truth"
This year, households making more than $1 million will pay an average of 29.1 percent of their income in federal taxes:
http://abcn.ws/qUG2rP/
http://bit.ly/pKsanj
Besides, with the largest central government in human history, you'd think you'd get the hint that Government cannot save you.
"That, in fact, was an understatement. No president since FDR... has presided over as rapid a growth in government when measured as a percentage of the total economy." http://bit.ly/r6v4z9
Of course, Obama has not curtailed the expansion of both the budget and government employment and the result is indeed an excessive size in the central government.
The jobs plan is merely a distraction. Only the ignorant do not see that.
And....I suspect Obama will leave office after 4 years with more debt than Bush did in 8 years. I'll put Obama's 4 year total at probably $7.0 Trillion or above.
Come on Tjohn1 - I pay $300 a year to have a CPA do my taxes - mostly because I am lazy and never did like keeping up with tax law changes. But if one makes under $250,000 a year, one's taxes are not all that complex to require an "army" of tax lawyers. The company I used to work for was an LLC and we had a pretty complex tax return because of some business transactions. We only paid $4000 for our corporate return.
Trickel down theory doesn't work because it should be called "Tricked Down Theory". We have been tricked...including by Clinton who pushed for NAFTA. The free trade agreements we have signed have been responsible for pushing jobs out of the US to low wage alternative countries like Mexico and China. That's why our wages have been flat in real terms for 10 years.
Just like everyone has had to manage with flat incomes, the government should have been made to manage with a flat income. If they had capped Federal spending and stuck to it 10 years ago....we would be in much better shape.
I am glad you are spending your day on Seeking Alpha posting comments rather than teaching my children. Your grammar is awful.
Respectfully,
Public School Parents