Republicans fought tooth and nail to keep taxes from going up on the wealthy.Too bad they do just the opposite with those with low income.Is it any wonder more more Americans now align with the democratic party than
the republican party?
Those at the lower end of the income scale are the ones at risk to join the
military and have their children join, and be killed or physically or mentally
damaged.Risk is not free, my insurance company will not assume my
risk unless I pay them money.Therefore those at the lower end of the
income scale DO pay their share.----The poor do pay
taxes, they pay state and local taxes. They shouldn't pay as much taxes as
the rich, why ... because they are poor.
One of a FewLayton, UTHahaha!Best comment
I've read on MONTHS!Thanks!
Eastman Kodak lost 85% of its stock value - people aren't buying film due
to availability of digital imaging. Similarly buggy manufactures have fallen on
hard times. Obama is responsible. Sears is shedding customers faster than my
dog looses hair - clearly Obama is to blame for Sear's merchandising
failure. Start up companies are dropping like flies, again Obama's fault.
Start up companies never used to fail. Finally, let us shed a tear for coal.
Faced with record low prices on natural gas, coal is loosing its luster with
whiny Americans who prefer mercury free water and fish. I remember before Obama
ruined everything, good folks everywhere couldn't get enough mercury. We
put it in our rectal thermometers, our teeth and our vaccines - just loved the
stuff. We should have mercury supplements for our children. Instead, Obama is
killing coal along with everything else he touches. How the Almighty could let
the White Horse Candidate loose to that uppity renter in the White House is just
dwayne's comments above illustrate the basic ignorance most of us have
regarding U.S. social programs versus the social programs of other successful
industrialized countries.First of all, U.S. social policy is
anything but "liberal". It is in-fact extremely conservative; much more
conservative than all OECD countries, including our neighbor to the north. For example, an excellent paper titled "Responding to Need: A
Comparison of Social Safety Nets in Canada and the U.S., authored by Rebecca M.
Blank and Maria J. Hanratty (of Northwestern University), describes the two
systems and examines why the much more liberal Canadian system has been far more
effective in reducing and eliminating poverty than the more conservative U.S.
system.dwayne's assertions do not hold up when compared to
real-world data and experience.
"I recognize the root cause."Really? Do you?"Liberals tax the wealthy. . ." Liberals tax the wealthy.
That is one of your "root causes"? Taxing the wealthy. So in other words
the wealthy should not be taxed? Just the poor? Interesting."They impose minimum wage laws"Can you tell us what the
federal minimum wage is? Just off the top of your head? And you are saying that
employers should pay people less then this? Even when they are making historical
profits?"They support welfare policies. . ." Can you
intelligently discuss welfare in this country? In other words, how much does a
divorced mother of two receive a month in "welfare"? And for how
long?". . . prevents them from having to ask for help. .
."And who would you have this divorced mother begging from? The
"wealthy community member", as you say? Do you think she would ever be
allowed an audience to beg from this "wealthy community member"? And
when they say no? Friends, family, neighbors. You go knock on your neighbors
door and beg for money. And when they say no? Friends and family. And if they
say no? Or they don't have the money?No wonder conservatives
@Christian 24-7"We should totally simplify the tax code. What is
your income? Pay x percent. No deductions, period."How would
"income" be defined above? For example, let's say an electrician
works for a company (who provides his truck, tools, etc.) and earns wages of
$100k. Another electrician has his own business, hires a scheduler (whom he
pays $30k), leases a truck (for $3k), and pays for his tools and materials
($15k). He bills his customers a total of $100k during the year. Assuming the
tax rate is 15%, how much tax does each pay under your proposed system?
If we are so over-taxing the most wealthy in this country, how is it that their
percentage of the country's total wealth keeps getting larger? The
argument from the right seems to be that we are taxing the wealth right out of
their hands. But the actual numbers don't bear that out.The
wealthy are going to continue to accumulate a larger piece of the pie.
Increasing their tax rates a bit will only serve to slow down the rate at which
their wealth increases. Increased tax rates certainly aren't going to send
them all to the poor house.
"The numbers are in for Q3 and big business has $1.75 trillion worth of
reasons to celebrate as these record-breaking results improved on last
year’s numbers by a stunning 18.6 percent—the largest after-tax
profit quarter in the nation’s history. And that’s just
for openers as total Q3 profits broke another record by accounting for a huge
11.1 percent of the U.S. economy.To understand just how big these
numbers are, consider that the last period of economic expansion in America
produced profits averaging 8 percent of the economy, significantly below their
current percentage of GDP.But do you know who doesn’t have it
quite so grand?The American worker—that hard working employee
who, according to CNN Money, citing newly published government reports, has seen
his or her wages dip to an all-time low as a percentage of GDP during the most
recent quarter." -3rd Quarter Corporate Profits Reach Record High-Worker Pay
Hits Record Low:So How Exactly Is Obama The 'Anti-Business' President?
Rick Unger, Forbes, Dec 4, 2012
"At $1.75 trillion, U.S. corporate profits hit an all-time high in the third
quarter, accounting for 11.1 percent of the country’s GDP." -Lauren
Hepler, Economic Development Reporter- Silicon Valley Business Journal, Dec 3,
2012"Corporate profit margins just hit an all-time high.
Companies are making more per dollar of sales than they ever have before. . . .
In short, our current system and philosophy is creating a country of a few
million overlords and 300+ million serfs." -Corporate Profits Just Hit An
All-Time High, Wages Just Hit An All-Time Low, Henry Blodget, Business Insider,
June 22, 2012"In the third quarter, corporate earnings were
$1.75 trillion, up 18.6% from a year ago, according to last week'si gross
domestic product report. That took after-tax profits to their greatest
percentage of GDP in history. But the record profits come at the same time that
workers' wages have fallen to their lowest-ever share of GDP."
-Corporate profits hit record as wages get squeezed, Chris Isidore, CNNMoney,
Dec, 4, 2012Mountanman, how can you not be embarrassed by
consistently being so badly informed?
My next door neighbor has 8 kids and probably makes in the $50-$60k salary
range. He pays no FIT because of all the dependent deductions he gets.So step number 1 is to eliminate the federal and state deductions for
dependents. It's not fair for the 50% who do pay FIT to carry the burden
of the 50% who pay not FIT, including those who pay no FIT because they
willingly choose to have very large families.
"It is unfortunate because roughly half the people who pay no taxes expect
to be supported by the roughly half who do pay taxes." ~ letter========== As I said earlier -- this letter is an out-right
lie.We ALL pay taxes.Sales tax, Gas tax, Sate
Tax,Hunting and Fishing License taxes, Public Utilities tax, Property tax, Income tax, Social Secuirty tax, ect., ect.
there are at least 95 types of taxes.Some I pay, some I
don't.But to somehow single out Federal Income Tax as the ONLY
tax is a Republican Mitt Romney lie.FYI - MOST Corporations and the
uber-wealthy 1% don't pay ANY of the taxes the rest of us do.Because
thet are either Tax Exempt, and/or Tax Deductible.Most of the
"tax-loop-holes" only work in THEIR favor, not ours.And Mitt
couldn't even name ONE of them he'd try to close.BTW -
Ironic how Republicans blame Obama for class warfare?
Old Man; I would say that right wing talk radio gets about the same Pinocchio
ratings as MSNBC, maybe even better, but I don't take the time to listen to
MM, I didn't say "hate speech." I said "hate radio" from
which a lot of hate speech originates. Most of that hate speech from hate radio
is completely false. What I don't like is lying by people who are doing it
only to pad their own pockets.But fans of Rush and his friends will
never understand that will they?
@mountinaman.... you just listed a bunch of companies that have been in decline
for over d decade. Why didn't you at some telegraph and horse and buggy
companies in there. Yes, companies whose primary business are things like
photographic film... have been desiccated. You forgot Poloroid. too The you go on "reen Energy" companies are dropping like flies, even
after getting massive cash infusions from the government. "Lets
talk high tech, companies in the 70's and 80's in silicon valley.
What percentage of the startups, even with some government aide do you think
survived? What percent of emerging technology companies do you expect to
survive? What percent of car companies that were started survived. What a weak
argument..... it's a bad industry because startups fail in the industries
early days? Life is a bit more complex than pithy little political
rhetoric talking points... for every failing company you state I can give you
50 doing well. For every Sears, there is an Amazon. For every Kodak there is
a Google. If stock value is your measure... the market has doubled in the last
4 years.... so be carefully which KPI you choose.
Except that Romney won 8 out of 10 states with the highest concentration of
47%ers, a large part of the reason why we have so many people paying taxes is
that when republicans instituted welfare reform they focused more on giving tax
cuts (earned income tax credit) instead of larger welfare checks as a means of
encouraging people to work, and these "abominable tax rates" are the
same rates (for the rich) that they paid during the Clinton era. I don't
know much about the letter writer, but given how little we pay our troops
I'd say he's not in the highest income bracket and thus has lower
taxes (at least at the federal level) than he did under Clinton.
""It is unfortunate because roughly half the people who pay no taxes
expect to be supported by the roughly half who do pay taxes."The
fantasy world inhabited by Republicans and the outrageous spin-cycle they have
fallen into are a significant cause of concern for our country."Wrong!! this is reality. I meet these people all the time. I hear them on TV.
I am one of them. No one pays income tax who isn't really rich. The rich
half of the country really does need to support us. We can't do it on our
own. They rich have taken sooo much away from the poor and they are just sitting
on all that money. The only way to get it is to tax it out of them. Then it can
go back into circulation and be spent again and stimulate the economy.
I completely agree. I think it's horrible that people whose income is
entirely from investments pay nothing towards Social Security or Medicare.
Payroll taxes should cover, not just people who receive a paycheck, but
everyone. Oh, you're talking about federal income tax. Yeah,
that's a tax that's not intended for poor people. That's how it
was designed. So the fact that some people don't pay it is no big deal.That's kind of how taxes work. Different taxes for people in different
categories. For example, I did not pay a dime in estate taxes last year. I
managed that by not dying.
"It is unfortunate because roughly half the people who pay no taxes expect
to be supported by the roughly half who do pay taxes."The
fantasy world inhabited by Republicans and the outrageous spin-cycle they have
fallen into are a significant cause of concern for our country.What
this sort of nonsense masks is the real question we should all be asking: Why
are there so many Americans who cannot earn enough to qualify to pay federal
income tax?If the Republicans could put all their creative energies
into answering that question instead of making stuff up so that they can bolster
their dysfunctional ideology, perhaps I would vote for one of them. But until
they start recognizing the root causes of the symptoms they so arrogantly
detest, they will become increasingly irrelevant to solving any problems except
extracting lint from their own navels.
Part IIWe should require our congress and president to agree on a
budget which is no larger than the previous year's revenue, period. They
may only spend money we actually have, up to the amount of the previous
year's revenue. Once it is used, any additional money that comes in that
year pays down the debt. If we go to war, we better have a budget for it, or
decide where to take it from, in advance. We have many money savvy
leaders in our nation, but they are held hostage by a class of voters who will
only vote for them if they spend beyond our means, and make it look like they
are punishing the successful. It is lunacy.
Old man; Hate speech, what's that? Anything you don't agree with? That
is very irrational.Blue. OK, you win, oil companies are doing well.
Some examples of many that are not are; Eastman Kodak lost 85% of their stock
value last year, Office Max lost 75%, Bank of America (even after the bailout)
lost 61%, Sears lost 34%, Best Buy lost 32%,Hewlett-Packard lost 38%, Washington
Post lost 20% and the list goes on. "Green Energy" companies are
dropping like flies, even after getting massive cash infusions from the
government. Clearly, all American corporations are not doing well. And
then there are the coal companies.
We should totally simplify the tax code. What is your income? Pay x percent. No
deductions, period. Flat tax. We would eliminate a lot of useless jobs at the
IRS and for sneaky accountants. We would get the rich to actually pay the rate
instead of deducting it all. Same for corporations. 75% of the people would
understand the sacrifice that paying income tax really is, and they would demand
that elected folks be more careful with where the money goes. It would solve a
multitude of problems. I really think a progressive tax would be
better for the workers of our country EXCEPT that it breeds a whole class of
people who think that if someone has more than another person, they should be
obligated to give them the difference. In fact it has come down to more of a
kamikaze attitude that some of the lower class have, that if they are poor, they
want to take the whole country down with them.
@mountainman... you asked...."As a share of gross domestic
product, corporate profits also have been increasing, and they now represent
11.2 percent of total output. That is the highest share since the fourth quarter
of 2006, when they accounted for 11.7 percent of output." - Commerce
Department.Now I am sure you will not consider that a reliable
source so lets try another... Disney from their own press release;"Walt Disney Company Finishes Fiscal 2012 With Record Revenue And
Profit""Chairman and CEO Bob Iger summed up Disney’s
fiscal year 2012 as , “a great year for Disney by every measure —
creatively, financially and strategically.”The Disney theme
parks and resorts led among all of the company’s divisions in terms of
percentage gains for profit and revenue. With it’s 4th quarter profit a
pleasingly 18% above last year and a whopping 22% increase from the year before
as well!"There lots more of these... not enough room to put
them allSo Mountainman - it wasn't hard at all for fine
"one" example - which begs the question of where in the heck do you get
Get a grip. The top marginal tax rate is less than half of what it was when
Eisenhower was president. The very rich and Corporate America paid a larger
share of taxes then than they do now.
"Corporate profits are at an all time high? Name one, please without making
up your facts."Uh, okay, can you provide anything to back this
statement? There are dozens of reliable sources out there. Hate radio
commentators are not reliable sources.
Mountanman: "@ Blue. Corporate profits are at an all time high? Name one,
please without making up your facts.@Forbes, December 4, 2012."3rd Quarter Corporate Profits Reach Record High - Worker Pay Hits
July 26, 2012"NEW YORK (CNNMoney) -- Exxon Mobil reported a
quarterly profit of nearly $16 billion Thursday -- the highest ever for a U.S.
corporation."December 4, 2012 (CNNMoney)Corporate
profits hit record as wages get squeezed"In the third quarter,
corporate earnings were $1.75 trillion, up 18.6% from a year ago, according to
last week'si gross domestic product report. That took after-tax profits to
their greatest percentage of GDP in history.But the record profits
come at the same time that workers' wages have fallen to their lowest-ever
share of GDP. "
I would love to find this mythical non-tax paying American. I have yet to meet
one. From the sounds of it, they must all be hiding in Utah and Idaho. I think most reasonable people understand we have a spending problem,
but there are those who think telling fantasy stories about mythical people who
are living off the hard work of others, not paying any taxes, is a scary
statement of where real honesty and values rest.We can argue about
how to get to where need to go.... but to pretend that my mom (a 47%er) who now
lives with me and my family is a freeloader on society because she pays no
income tax ANYMORE, although she pays all kids of other taxes, is worthy of
demonization really show how base some fractions of the conservative movement
@ Blue. Corporate profits are at an all time high? Name one, please without
making up your facts.
A basically good man lost the presidency of the United States of America stating
similar 47 percent nonsense. Most lumberjacks and sheepherders pay taxes.
Mountanman, if this is "socialist America," then when you consider that
corporate profits are at an all-time record high, unions are being decimated,
and the accelerating concentration of wealth into the hands of the nation's
top 1%, you'd have to conclude that we're actually really bad at being
Please turn off the hate radio and try to learn something that is true.
Welcome to socialism America, where the majority can vote the minority out of
their money until no one has any money, especially those not born yet!
Mr. Lundgreen, please share your successful techniques for squeezing blood from
turnips. Then go have your Mercedes detailed while you agonize over the utter
injustice of les miserables, who struggle to live on less than you make in
interest on your investments, being free from the oppressive burden of income
taxation that you bear on their behalf.
There are a lot of problems with this letter, but I just point out one
significant factual error. Half of the contry do not pay any taxes. First you
have to exclude all the children then you have to understand that there are all
kinds of taxes that are paid by the proverbial 47%. They pay sales taxes,
property taxes, State Income Taxes, Social Security witholding taxes, and many
others. What the author fails to mention is that this discussion is really about
Federal income taxes. And yes, there are many who under the law don't make
enough money to be above the poverty level as adjusted for their personal
situation like the number of dependants they must support, or that they have a
disability like blindess.And if you want to get after
"persons" who pay no federal income taxes, perhaps you should mention
the giant corporations who employ a bevy of accountants just to avoid paying any
taxes at all.
I'm a veteran who loves this country too.and I've got NEWS for
you -- Everybody pays taxes.Even a homeless begger pays taxes, even it's just on that $1 cup of coffee.So this letter is wrong
from the git-'go.If you are referring for Mitt Romney's
47% not paying Federal Income tax.Then say, "Mitt Romney's 47%
who do not pay Federal Income tax."Be Specific.Saying
nearly half of Americans don't pay ANY tax is a flat-out lie.Why does
the DN publish such factless non-sense?