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Is It Fair To Tax The Rich More?

Posted by Anonymous   + Show Post

I have heard many people say that people making over $250,000 should not have to pay a little more in taxes.

Well let me ask you this.

If you are low income or middle class does having $40 or even $20 taken out of your check make a difference?I bet it does and you feel it.This could have gone in your gas tank or towards diapers.

Do you think a rich person with a little money taken out of their check will effect whether they are able to get to work or buy food?How is asking them to pay a little more a form of punishment for doing well in life??

Why are things like medicare,medicaid,unemployment,and education up for discussion as far as the ax and cutting.Yet creating a thriving middle class helping both the poor and the rich economy is not up for discussion by republicans.

Some of you are so hell bent on blaming Obama for any and everything.Why cant you see your own skewed view and opposition is what is keeping our economy from thriving.

 http://www.whitehouse.gov/the-press-office/2011/09/08/fact-sheet-american-jobs-act

Posted by Anonymous on Nov. 11, 2012 at 9:01 AM
Replies (11-20):
Anonymous
by Anonymous on Nov. 11, 2012 at 9:14 AM
Yes it's fair. They have more to live off of.
Anonymous
by Anonymous on Nov. 11, 2012 at 9:14 AM
Yes they should be taxed a little more... They're accountant will find a loop hole anyways! We don't have accountants to help us save money!
gilbertgrl627
by Gold Member on Nov. 11, 2012 at 9:16 AM
2 moms liked this

No, I don't think so. Where's the incentive to work hard and become successful if they're going to take 39% of my income?

UgtaBkdnMe
by on Nov. 11, 2012 at 9:16 AM
2 moms liked this

I think a flat tax for all is the best answer.

AVSpecWife4
by Ruby Member on Nov. 11, 2012 at 9:17 AM
Hi moneysaver6 it's pretty obvious it's. you. Yes it's fair.
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AVSpecWife4
by Ruby Member on Nov. 11, 2012 at 9:18 AM
4 moms liked this
President Obama has the leverage. He need only allow the tax cuts to expire and turn them into the Obama tax cuts for the middle class. The Senate can pass a bill and force the House of Representatives to act. Remember – the only incomes in dispute are the top 2% of incomes or those who make more than $250k a year. That’s it; Democrats want to sign a bill TODAY on extending tax cuts for the bottom 98% of Americans. And yet – Republicans hold the American people hostage. Once Obama wins this battle on taxes – Republicans will negotiate on reducing the deficit. Right now – the only thing holding up the Republican party from acting in a sane manner on the budget is trying to keep tax cuts low for the rich. Once they get owned on this issue – they’ll be forced to move on (as long as Obama is President).

And then we can see a serious deficit reduction package put in motion … and that will be a good day potentially as well.
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elephantmamaof2
by Ruby Member on Nov. 11, 2012 at 9:20 AM
1 mom liked this
Flat tax rate, THAT is fair
JTROX
by Platinum Member on Nov. 11, 2012 at 9:21 AM
1 mom liked this

I think everyone should be responsible.  Let's make welfare recipients responsible too.  That sounds fair to me.  Why should money I earn go to someone who merely doesn't want to work?  

AVSpecWife4
by Ruby Member on Nov. 11, 2012 at 9:22 AM
3 moms liked this
Here's the rest of the article. The tax increase is actually pre bush tax rates. Rates they should've been paying this whole time. Which is why we've seen our economy go down the toilet. Oh and attempting to fund two wars but asking no contribution from American citizens except to "go shopping".

One day after the election – John Boehner came out and said in a very friendly, compromising tone that Republicans would not negotiate on raising taxes on the rich (source). A week before the election – Grover Norquist basically admitted that Republicans would try to hold the economy hostage unless it got its way (source). All of the opposition among the Republican party comes from ONE issue: raising taxes on the wealthy.

For the past two years – Republicans have been complaining about the lowly 47% of Americans who do not pay an income tax and it really only became primetime when Mitt Romney got caught with his hand in the cookie jar at a 50k per plate fundraiser. But – Romney only said what Republicans have been saying for quite some time …. we don’t to raise taxes on Americans …. except for the 47% of Americans who already don’t pay any federal income tax. That whole debate has devolved to the “takers vs. makers” argument wherein my immediate response is to throw my tv on top of a conservative’s head. Just kidding – please do not throw things at conservatives.

“We also know that over 45 percent of the people in this country don’t pay income taxes at all, and we have to question whether that’s fair. And should we broaden the base in a way that we can lower the rates for everybody that pays taxes. [...]“
~Rep. Eric Cantor (VA-R)

Now Reuters explains what’s upcoming with the tax showdown HERE:

Obama invited congressional leaders to the White House next Friday to discuss the issue, the most pressing challenge as the president prepares to starts his second term in office. He will also hold a news conference on Wednesday.

John Boehner, the Republican speaker of the House of Representatives, repeated his party’s commitment not to raise anyone’s tax rates as part of a deal to address the crisis.

He too claimed a mandate from the elections, in which voters gave Republicans continued control of the House.

The statements showed the two men, who have been divided on the issue for two years, were still far apart, leaving doubts over whether the “fiscal cliff” could be averted. Congress is expected to address it when it reconvenes next week for a post-election lame-duck session.

Now there are some naysayers who do not believe that President Obama will keep his promise about raising taxes on the rich, but I think those naysayers are wrong. First of all – President Obama agreed to extend the tax cuts for the rich out by 2 more years right after his party lost over 60 seats in the House, 6 seats in the Senate and they were handed an overwhelming ass whooping in the state legislatures and Governor’s races. Not to mention that the economy was very fragile and Obama wanted to push through some important legislation like repealing DADT, giving additional tax cuts for the middle class to stimulate the economy, extend unemployment benefits, enact the START treaty with Russia which was very important etc. Obama negotiated a huge package that really drove stimulus and all after his party lost big.

Today – he’s in a very different political situation. The economy isn’t booming but it’s much more solid. Obama just won more seats in the Senate and he won big time over Romney. Very different political situation. And now he is once again saying unequivocally that he won’t negotiate on the tax cuts for the rich.

For every $1 that we don’t get in raising taxes on the rich – that’s a $1 we have to cut from vital government services. That means putting Medicare, Social Security, Medicaid, Education etc all in harm’s way just to avoid raising taxes on the rich.

Sometimes you’ll hear this argument about the tax cuts for the rich and a conservative might say … that will only pay for 3 days of the deficit or something like that. Well – that’s actually not the point at all. The country won’t be able to fix the deficit until we’re back to full employment regardless. But – those tax cuts for the rich equal almost $1 trillion over 10 years. And right now – you have Republicans saying two very different things. On one hand – they say …. these tax cuts for the rich doesn’t equal much money at all so why even try. On the other hand – they say … we’re broke and can’t afford basic programs.

So – Republicans don’t want to allow tax rates to go up AUTOMATICALLY for the rich increasing the money that goes to the Treasury by $1 trillion over 10 years but they express concerns about being able to fund the following:

Free lunch programs for kids (source)
Cuts to embassy security (source)
Early education programs for children (source)
Eliminating fresh fruit for kids at school (source)
Funding for rape crisis centers (source)
Subsidizing student loans for college kids (source)
I could literally go on for hours. Republicans say that we can’t afford to do ANY of those things at the rates we’ve done them before. They say “We’re broke”. When you say – we can get another $1 trillion to pay for all of these programs and still put quite a bit to reduce the deficit … they say that will punish “job creators”. Anyone who tells you that raising taxes on the rich will hurt the economy doesn’t know what they’re talking about. First off – Republicans forced the Congressional Research Service to pull a report that showed there is no correlation between cutting taxes and economic growth (source). And – the Congressional Budget Office recently compared various options to address the “fiscal cliff” and they found that raising taxes on the rich would effect GDP by .1% … otherwise known as a rounding error (source).

Cutting government spending would have a worse impact on the economy than raising taxes on the rich. That’s a fact. So – here we are … Republicans have to decide whether or not they’re going to allow the automatic spending cuts to defense and other important services go into effect if they are unwilling to negotiate on taxes. If you don’t know what the “fiscal cliff” is – educate yourself HERE. Obama wants a $4 trillion deficit deal. It’s necessary long term for the economy but it’s also a political win because he will be able to say he passed serious reforms to address the deficit in a fair and compromising fashion.

As I shared HERE - Republicans know they don’t have much to negotiate with:

“We’re not going to save our defense unless we go along with the president’s wishes to raise taxes on small business. It’s not a good choice. I would never support it. . . . [But] there are enough Republicans, I think, who are so afraid of defense cuts that they would probably give in.”
~Jim Demint (R-SC)

“This is a referendum on taxes. If the president wins reelection, taxes are going up” for the nation’s wealthiest households, and “there’s not a lot we can do about that.””
~Rep. Tom Cole (R-Okla.)

“I hope, obviously, the status quo doesn’t prevail. But if things stay as they are, and all the players are generally the same . . . finding a responsible reform for Medicare is the secret to unleashing very productive talks that would put in place a balanced solution to our fiscal problems. If you deal with the Medicare issue, then Republicans are far more open to looking at revenues.”
~Sen. Bob Corker (R-Tenn.)

President Obama has the leverage. He need only allow the tax cuts to expire and turn them into the Obama tax cuts for the middle class. The Senate can pass a bill and force the House of Representatives to act. Remember – the only incomes in dispute are the top 2% of incomes or those who make more than $250k a year. That’s it; Democrats want to sign a bill TODAY on extending tax cuts for the bottom 98% of Americans. And yet – Republicans hold the American people hostage. Once Obama wins this battle on taxes – Republicans will negotiate on reducing the deficit. Right now – the only thing holding up the Republican party from acting in a sane manner on the budget is trying to keep tax cuts low for the rich. Once they get owned on this issue – they’ll be forced to move on (as long as Obama is President).

And then we can see a serious deficit reduction package put in motion … and that will be a good day potentially as well.




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Anonymous
by Anonymous on Nov. 11, 2012 at 9:25 AM
8 moms liked this
I make over 250 and I say YES its fair. I can AFFORD it. Someone making much less CANT. It makes sense that I pay more in taxes. Its logical to me. I am blessed to have my income.
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