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Thread: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

  1. #331
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    Re: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

    Quote Originally Posted by donc View Post
    You did state this in post #324 didnt you?(then making those who don't pay a reasonable amount of taxes pay some)

    My suggestion was a way for those scraping along at the poverty level to pay a percentage of there wages, as well those setting on a ton of dough to pay their fair share as well.Whats wrong with my idea?
    the top 5% pay more income taxes than the rest of the nation. clearly that top 5% are paying their fair share and often much more



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    Re: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

    Quote Originally Posted by TurtleDude View Post
    the top 5% pay more income taxes than the rest of the nation. clearly that top 5% are paying their fair share and often much more
    Quote TurtleDude

    then making those who don't pay a reasonable amount of taxes pay some
    My suggestion was that we stick the working poor with a 15% tax hike, those collecting capitol gain's a 10% hike and you still don't think that is reasonable?

    What would you consider a reasonable % of wages the working poor should pay?
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

  3. #333
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    Re: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

    Quote Originally Posted by donc View Post
    My suggestion was that we stick the working poor with a 15% tax hike, those collecting capitol gain's a 10% hike and you still don't think that is reasonable?

    What would you consider a reasonable % of wages the working poor should pay?
    there should be no hikes on the LTCG tax



  4. #334
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    Re: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

    Quote Originally Posted by TurtleDude View Post
    there should be no hikes on the LTCG tax
    I agree. Those who have enough money that they can afford to not only pay their living expenses, but also invest have earned the right to pay lower tax rates than those who must live off wages.

  5. #335
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    Re: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

    Quote Originally Posted by vvx View Post
    I agree. Those who have enough money that they can afford to not only pay their living expenses, but also invest have earned the right to pay lower tax rates than those who must live off wages.
    the more you pay the lower your rates should be works for me. after all, a millionaire paying 10% in income taxes pays much more for the same citizenship benefits than someone making 45K who pays 20%



  6. #336
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    Re: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

    Quote Originally Posted by TurtleDude View Post
    there should be no hikes on the LTCG tax
    Why not collect tax on the biggest source of income of top Corp CIO’s? To me it don’t make a lot of sense not to.They earned the dough why should they not pay taxes ON ALL of it?
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

  7. #337
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    Re: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

    Quote Originally Posted by donc View Post
    Why not collect tax on the biggest source of income of top Corp CIO’s? To me it don’t make a lot of sense not to.They earned the dough why should they not pay taxes ON ALL of it?
    what are you talking about? are you referring to the SS "contributions" rather than income taxes.

    what benefits do rich people get for paying so much taxes?



  8. #338
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    Re: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

    Quote Originally Posted by TurtleDude View Post
    what are you talking about? are you referring to the SS "contributions" rather than income taxes.

    what benefits do rich people get for paying so much taxes?
    Now that you brought it up. YEAH!!SS should be paid on at least half of the SALARY portion of their wages, particularly those making about ten times more in CAPITAL GAINS wages per year. MEDICARE too.

    Such as. $11,358,445 Average CEO Pay at S&P 500 Companies , the salary portion which averaged $1,093,989 in 2010 when total wages were $11,358,445.

    With numbers like that SS and Medicare looks like chump change,another 15% tax wouldn't be out of line either.But I would let them skate with only a 10% hike on top of the present 15%.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

  9. #339
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    Re: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

    Quote Originally Posted by donc View Post
    My suggestion was that we stick the working poor with a 15% tax hike, those collecting capitol gain's a 10% hike and you still don't think that is reasonable?

    What would you consider a reasonable % of wages the working poor should pay?
    Maybe you should ask Jan Schkowsky (sp?) she refuses to answer that exact question.

    But the fact that the top 10% of earners in this country pay roughly 70% of all income tax revenue collected, while 47% of this country pays NO income tax at all, shouldn't your question be how can we get those NOT paying to carry their own load?

    As to your question for what the working poor should pay, I would say something. Hell, 1% would make them a participant, rather than a recipient.

    j-mac
    Last edited by j-mac; 09-16-11 at 12:42 PM.
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  10. #340
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    Re: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

    Quote Originally Posted by donc View Post
    Now that you brought it up. YEAH!!SS should be paid on at least half of the SALARY portion of their wages, particularly those making about ten times more in CAPITAL GAINS wages per year. MEDICARE too.

    Such as. $11,358,445 Average CEO Pay at S&P 500 Companies , the salary portion which averaged $1,093,989 in 2010 when total wages were $11,358,445.

    With numbers like that SS and Medicare looks like chump change,another 15% tax wouldn't be out of line either.But I would let them skate with only a 10% hike on top of the present 15%.
    Why not just frame it the way you seem to think here. Those individuals making huge salaries are just stealing from the poor right? So why is it you think that income is only that which government allows you to keep....?

    As a former USSR worker answered when asked about why he continues to work in that climate, he said.. "They pretend to pay me, and I pretend to work..."

    Yeah that works out great.

    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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