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Comments about ‘Taxes on rich may bring revenue, but it won’t fix deficit’

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Published: Wednesday, April 20 2011 6:35 p.m. MDT

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Cedarite
Cedar City, UT

Oh, the poor afflicted rich. Obama might even want them to pay the same percentage rate that an unworthy middle class business owner like myself shells out every year, oh the horror!

Mountanman
Hayden, ID

Not only will taxing the rich more not fix the deficit, it will cause more unemployment! If you own a small business (or any business) and get hit with higher taxes, what do you think you will do about hiring, expanding or investing? Good bye jobs! Unemployed people can't pay taxes= decrease in tax revenue!

tawillin
Mc Kinney, TX

Tax the rich! I feel ashamed that I voted for Bush. I trusted the Republican Party and they destroyed this country. I've know learned that Republican and Democrats are worthless but I will definitely not vote for another man who believes in cutting the taxes for the rich and starting two wars we can't pay for. Bush destroyed this great nation and it is about time we as a people start recognizing it.

FDRfan
Sugar City, ID

No one claims that the Obama tax proposals will solve the deficit but it certainly is necessary to make the needed sacrifices more palatable. The flaunting of wealth and power is just about more than society can take especially when so many are hurting.

berf
Perry, UT

If we have that many millionaires that want higher taxes, why don't they put their money where their mouth is and start paying more. Or are they so incompetent that they feel they have to be forced by the tax man(please make me pay more taxes). This really does not make any sense to me. If I think I should be paying more then I will make an executive decision and ... pay more. What is their real motivation? As you can see, I have a lot of faith in the intellectual prowess of these so called millionaires for a tax increase.

Reasonable Person
Layton, UT

There is NO magic bullet to solve the debt crisis.

However, Obama's "shared sacrifice" plan is much better than Ryan's Republican plan, which gives the wealthiest even more tax breaks while taking funds away from Social Security, Medicare and Medicaid.

Having worked for the military, I saw the waste for 27 years -- YET, the Republican plan doesn't cut a dime from the military budget.

Want a lesson in military waste and pork? Pull up a map that shows all of the US-based military bases. It's positively shocking how many there are, and in today's world, totally unnecessary.

Gruffi Gummi
Lehi, UT

1. No tax credits, no deductions.
2. A 10% rate for EVERYONE. You are "poor" - your problem. You are "rich" and hope that your accountant will make you pay nothing - your problem. 10%, simple, flat, and strictly enforced.

utecougar
Salt Lake City, UT

It won't fix the deficit when? Immediately? Nobody expects it to. But it's a start, it will help, and the rich have gotten away too long with their super privileges. We've been waiting for 30 years for the wealth to trickle down. How long does it take to prove that the theory is baloney? When Reagan lowered their taxes, mine went up.

smithda
Bountiful, UT

This article is unfair in the fact that it suggests that Obama is only promoting a tax hike on the rich. He is promoting that a mix of hikes and reductions need to occur. I notice in the one paragraph it talks about Rep Paul Ryan that it points out he is looking at closing loop holes and reducing spending, but somehow it was left out in the rest of the 4 page article the fact that Obama is looking to decrease spending as well as increase taxes on wealthy.

I do wish they would up the minimum to over $1,000,000 and not $250,000. I am not even close to earning $250,000, but I do think that when someone reaches that point, they are just getting the point that they could try start their own business or start hiring people.

Too anyone else who says that reducing taxes = new jobs, then why during this time of some of the lowest taxes for the wealthy do we have some of the highest unemployment. So far lower taxes have just caused the rich to get richer and the poor to stay unemployed.

Andy
Cottonwood Heights, UT

Raise taxes and reduce spending. I think everyone agrees with that.

You can't trust Obama to cut spending. He can't and he won't, so it will be raise taxes and spend more money by increasing entitlements.

Take your money and stick it in your safe 'cause Uncle Sam is coming for it.

atl134
Salt Lake City, UT

We know, we know, we know... taxes on the rich will not close the deficit. Nobody is saying it will. We (liberals) just think that instead of reducing revenue by 4 trillion the next year (ryan tax cuts) we should instead raise taxes as part of a plan to reduce the deficits. The obama plan is only 1/4 tax increases after all...

atl134
Salt Lake City, UT

@mountanman
"If you own a small business (or any business) and get hit with higher taxes, what do you think you will do about hiring, expanding or investing? "

Certainly an important question. What does a small business owner make anyway? 500k a year? The repeal of teh bush tax cuts would increase their taxes by 7,500. Is someone making 500k a year really not going to expand because instead of 300k after taxes it's 292.5k? I don't think so. Businesses make jobs with corporate income, not personal income.

Sinder
Stansbury Park, Ut

"If you own a small business (or any business) and get hit with higher taxes, what do you think you will do about hiring, expanding or investing?"

So pay yourself less so you don't pay as much in taxes and invest more in your business... Taxing the rich != taxing businesses.

"A 10% rate for EVERYONE. You are "poor" - your problem."

Make the poor poorer and the rich richer. Great philosophy. Not all situations are the same, why tax them as such? You'd rather the poor pay more even though they can sometimes not even pay for new clothes in the name of being 'fair'? Not to mention doing a flat 10% would severely lower revenue.

Rich C
West Jordan, UT

I'm disappointed that no one is talking about import tariffs on goods manufactured overseas by companies that have outsourced jobs previously held by American workers.

Screwdriver
Casa Grande, AZ

What we have here is a failure to understand who the rich are. Wanting to be rich is not the same as being rich. Taxing the wealthy will not increase your taxes because you covet being rich.

If that one principal would be understood, we wouldn't see millions of people vorting against thier own interests.

It's not about D or R anymore. It's corpratist vs the people. The People don't have 60 votes in the senate, the corpratists do. That fact explains much.

People don't contribute lobby senators with $50,000 contributions, corporations do.

Vince
the boonies, mexico

When did all of this disparity begin? Right 10 years ago and following the tax breaks for the rich, 2 lied about and unfunded wars and a party that only cared about the wealthy this country went straight in the toilet and remains there because the very party that caused this fiasco now wants nothing more than to argue against any attempts at corrections. Just tax the wealthy, withdraw from the 2 wars completely, clean up the graff and stealing in the medicare and medicad programs, reform wall street and the financial markets along with oil, insurance, pharms, and everything connected with medical and we will "ALL" be fine in the future. Vote out any abstainers to these fixes and lets pull ourselves out of the toilets.

Deborah
Huntington, WV

The multi-national companies that have bought out our elected officials, have sold many voters on the rationale that if corporations get tax cuts, then jobs will grow -- when actually the opposite has happened.

According to the US Commerce Dept these companies have cut their American workforce by 2.9 million during the last decade while at the same time increasing their overseas hiring.

Some of these same companies (GE is one) were reciepents of the American taxpayer bailouts.

These same corporations control congress and lobby for use of our military muscle to advance their overseas connections.

Again the American taxpayer foots the bill.

We are approaching a new corporate world order and the deck has been stacked decidely in their favor.

I for one, am tired of being trickled on!

Chris B
Salt Lake City, UT

FACT: 10% of Americans pay 65% of all income tax

FACT: 45% of Americans paid $0 federal income tax.

Fact: 10% of Americans do not use 65% of resources the govt provides, such as road, schools, govt subsidized programs.

Just to point out the lame logic used by the liberals, let's imagine there was a guy who earned 100,000,000,000,000 every year and again let's say just for the sake of the argument that this was 99% of all income earned by US citizens, the lame liberals would want him to pay 99% of all taxes paid.

Why?

Of all the gov't provided resources used, did he use 99% of them?

Who cares how much money he EARNED?

The question is how much resources did he USE?

The richest 10% are paying 65% of all income tax.

I

say

the

rich

are

doing

their

part.

It's

time

the

rest

of

us

did

ours.

It

is

wrong

for

anyone

including

ME

to

demand

that

others

pay

for

what

WE

use.

B
Logan, UT

You people have got to be kidding, right? You want to give more money to a corrupt government? Are you nuts? How does taxing your boss possibly make you better off? I saw one completely misguided person say that raising taxes on the rich (which is anyone making $250k per year) make the pill of shared sacrifice go down better. You people are economically illiterate! Go look at a life time chart of the Dow. You will notice that in the 1980s the chart sky-rockets. That is not just the rich on Wall Street, that is YOUR 401k, YOUR IRA! Use your heads! You raise taxes, you stifle economic investment. Yes, we should close the loopholes, but lower taxes. Please respond if you honestly believe the Federal government will spend more tax money correctly.

KJB1
Eugene, OR

Chris B:

Income

taxes

are

only

20%

of

total

taxes

paid

in

this

country.

It

is

wrong

for

people

to

make

money

off

an

infrastructure

and

not

want

to

contribute

towards

its'

upkeep.

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