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I think Pelosi,Obama and all millionaires in gov't should donate their entire salaries to pay off the debt they created. the taxpayers are sick of giving money to millionaires.
I think Pelosi,Obama and all millionaires in gov't should donate their entire salaries to pay off the debt they created. the taxpayers are sick of giving money to millionaires.
Congress created the debt by passing legislation allowing the spending. The FED has devalues our currency (federal reserve notes) by attempting to solve the problem with the printing presses. This more than anything, is what is stealing money from your wallet and savings account. We have a spending problem in this country, not a tax problem.
Please provide links where the US taxpayers have directly given money to millionaires.
You could confiscate the entire wealth of this country's billionaires and millionairs and you would still not wipe out a significant portion of this country's debt.
Seriously, step away from the class warfare kool-aid and take an economics class, please.
actually I read somewhere that if we confiscated the wealth, not the income, of millionaires and billionaires we wouldn't have enough money to run the government for a year--much less reduce the national debt.
Someone running for office and who wants a deflection boogyman to blame for all the worlds ills could do no better than villifying millionairs. Easy stunt to pull as many get jealous of those who drive big flasy cars and fly in private jets. Even easier still to hold any opposing party as siding with the rich if they object to your reasoning. Political posturing at it's most basic! Great strategy for re-election but absolutely worthless to fix the deficit problem.
I'm having a problem with the two apparently oppositing facts often presented by MSM
1/ Millionairs are paying a higher tax RATE than middle income earners.
2/ 45 to 50% of U.S. citizens are paying no tax whatsoever due to loopholes etc..
Would someone please clarify that these two groups are perhaps mutually exclusive from each other or ......?
Not taxing capital gains to avoid double taxing, does this make sense? Isn't it earned income of some sort?
I file an income tax form and pay the applicable taxes for the money I earned in 2010, I now invest some of that same years income earned and realize a return on my investment, what is wrong with expecting me to file a return for 2011 showing that additonal income earned and paying a tax at whatever rate is applicable on that realized return?
I guess I don't get the reasons why capital gains should be immune from taxation.
Someone running for office and who wants a deflection boogyman to blame for all the worlds ills could do no better than villifying millionairs. Easy stunt to pull as many get jealous of those who drive big flasy cars and fly in private jets.
I'm having a problem with the two apparently oppositing facts often presented by MSM
1/ Millionairs are paying a higher tax RATE than middle income earners.
2/ 45 to 50% of U.S. citizens are paying no tax whatsoever due to loopholes etc..
Would someone please clarify that these two groups are perhaps mutually exclusive from each other or ......?
Not taxing capital gains to avoid double taxing, does this make sense? Isn't it earned income of some sort?
I file an income tax form and pay the applicable taxes for the money I earned in 2010, I now invest some of that same years income earned and realize a return on my investment, what is wrong with expecting me to file a return for 2011 showing that additonal income earned and paying a tax at whatever rate is applicable on that realized return?
I guess I don't get the reasons why capital gains should be immune from taxation.
I dont think they should be immune, just given a small break for taking risk with the money, putting it to work as an investment, and hopefully putting yourself in a better financial position to be able to ride out any downturns in the economy. Leaving the ultra wealthy out of the conversation, I personally try to invest a little of my savings in stable dividend paying stocks so I can try to eeek out a few pennies more than inflation instead of relying on the 1% I get from my savings account.
Maybe Warren Buffet should worry about paying the taxes he already owes before he schools everyone else. Typical of the do as I say and not as I do Libs.
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