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I think that somewhere in that pile of Pelosi you just tried to stack on us there is an indication of what the fair share of the rich is but I just can't dig it out. Could you just state what that fair share is in English?
Whatever is best for me is the definition of fair share.
I too would like to hear what the definition of, what is the fair share of the money I earned that I can keep?
in the 1950's...rich was defines as 300k or more...
....
....that would be 3 million or more in todays dollars
if the liberals would be REASONABLE and say tax those making over 3 million...nearly everyone (to include the conservatives) would be all for it
but to tax 250k (meaning a workingclass teacher making 125k, married to a workingclass cop making 150k) is taxing the middleclass
You've got to be kidding that conservatives would got for it and I guess you didn't follow the news about the Buffett Rule, Obama's tax plan would apply a minimum tax rate of 30 percent on individuals making more than a million dollars a year.
Let's face it, if you make a mil a year, you're rich. The GOP, who signed pledges not to raise taxes for any reason whatsoever, were soundly against it.
(just waiting for the usual suspects to defend the privileged status of the rich by saying that we're punishing the job creators -- even though there is no evidence that economic activity is reduced to slightly higher taxes.)
in the 1950's...rich was defines as 300k or more...
....
....that would be 3 million or more in todays dollars
if the liberals would be REASONABLE and say tax those making over 3 million...nearly everyone (to include the conservatives) would be all for it
but to tax 250k (meaning a workingclass teacher making 125k, married to a workingclass cop making 150k) is taxing the middleclass
When the tax bill was set to expire, the democrats, as usual, bent over the table and reached clear across extending the olive branch to the GOP and offered a compromise to make the tax cuts permanent for those making 1,000,000 a year and under, and restoring them on only the top 0.5%.
The GOP absoutly refused because they don't give a damn about the deficit or the nation, only to make sure their corporate cronies are taken care of.
About 75% of the american people supported this democratic compromise, but the GOP again showed loud and clear they don't care what the people want, only what the very wealthy do.
what rate of income tax does someone earning over 50 k pay income tax
in ireland the marginal rate of tax is 52% on those earning over 40 k euro
actually its 42% but if your an employer you also pay prsi and a bunch of other levies which brings it up to 52%
I just want to know what the rich man's fair share of payment is. THEY keep on whining about the fair share but never say what it is.
I can tell you that mom and I make enough to be paying your 52% but we sure don't pay anything like that. In total taxes, federal, state, and local we do get to pay more than the 52%, though.
It means that 1% got 30% and the other 99% shared 70% and the whole nation got deficits. In other words, we made the tax code less progressive and ran up debt. Now, the GOP solution (Ryan Plan) is to lower taxes on the rich more, increase taxes on the poor (they Orwellianly call it "broadening the base"), cutting deductions of the middle class (mortgage deduction) and slashing federal programs.
It's far better just to undo the tax-cuts that got us into this mess instead of perpetuating the privileged tax status of the rich.
josef stiglitz argues that this approach hurts the overall economy in the long run
It means that 1% got 30% and the other 99% shared 70% and the whole nation got deficits. In other words, we made the tax code less progressive and ran up debt. Now, the GOP solution (Ryan Plan) is to lower taxes on the rich more, increase taxes on the poor (they Orwellianly call it "broadening the base"), cutting deductions of the middle class (mortgage deduction) and slashing federal programs.
It's far better just to undo the tax-cuts that got us into this mess instead of perpetuating the privileged tax status of the rich.
How much is the fair share you want the "rich" to pay? I keep asking you left leaners and never have seen an attempt to say what it is.
When the tax bill was set to expire, the democrats, as usual, bent over the table and reached clear across extending the olive branch to the GOP and offered a compromise to make the tax cuts permanent for those making 1,000,000 a year and under, and restoring them on only the top 0.5%.
Are you sure about this? It sounds dumb even for republicans.
i dont regard myself as a liberal but IMO , the wealthy pay a low rate of tax in the usa
capital gains is something like 15% , in ireland its 30% , in the uk its 35% and in germany and france its 40% , wall st have it good under both parties
ok...and it may be over there
give me one good reason why someone should pay more than 15% (like 30, or 35, or 40) when they are only EARNING 1%
I have one TB (treasury bill (and investment in MY COUNTRY)..I will be tax 15% on that interest...a interest of less than 1%
You've got to be kidding that conservatives would got for it and I guess you didn't follow the news about the Buffett Rule, Obama's tax plan would apply a minimum tax rate of 30 percent on individuals making more than a million dollars a year.
Let's face it, if you make a mil a year, you're rich. The GOP, who signed pledges not to raise taxes for any reason whatsoever, were soundly against it.
(just waiting for the usual suspects to defend the privileged status of the rich by saying that we're punishing the job creators -- even though there is no evidence that economic activity is reduced to slightly higher taxes.)
even in all that you dont admit that taxing 250k will hurt the MIDDLECLASS
why not be reasonable..is it that impossible for the liberals to be reasonable???
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