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Nearly 70% of the 1% favor increasing their own taxes. That is matched by nearly the same margin in the 99%. There has not been an issue in many years where Americans have been so solidly in agreement with each other. The congressional Republicans need to get with the program.
Nearly 70% of the 1% favor increasing their own taxes. That is matched by nearly the same margin in the 99%. There has not been an issue in many years where Americans have been so solidly in agreement with each other. The congressional Republicans need to get with the program.
It's easy to accept a higher tax rate, when you have enough write off that you won't pay taxes anyway... How very generous of them.,,
That could be it, but I think it has more to do with the cold calculation that going over the fiscal cliff is going to hit their assets a lot harder than a couple points in the tax rate will.
They can already voluntarily do that. Why aren't they? I suggest that what they say and what they do are two different things.
Rich people are no different from anyone else - they want to pay what other people like them pay. That's why no one in the 1% volunteers to pay more.
Warren Buffett will pay more as soon as other people who make $17M a year pay more.
A few rich people paying more of course doesn't make a difference in the math of the deficit.
The Republicans are making a big political mistake standing on this issue. But they want real spending cuts written in the blood of Democrats. Otherwise they just write in pencil or try to explain that cutting growth in spending in the same as cutting spending.
The DJ drop will cost the 1% far more in a few days, than new tax rates will cost them over a few years. And it will shock most who follow the market to not see drops of 1,000 points a week while this standoff continues.
They will view switching to low interest rate defined instruments vs their normal ROI as a LOSS.
Nearly 70% of the 1% favor increasing their own taxes. That is matched by nearly the same margin in the 99%. There has not been an issue in many years where Americans have been so solidly in agreement with each other. The congressional Republicans need to get with the program.
Rich people are no different from anyone else - they want to pay what other people like them pay. That's why no one in the 1% volunteers to pay more.
Warren Buffett will pay more as soon as other people who make $17M a year pay more.
A few rich people paying more of course doesn't make a difference in the math of the deficit.
The Republicans are making a big political mistake standing on this issue. But they want real spending cuts written in the blood of Democrats. Otherwise they just write in pencil or try to explain that cutting growth in spending in the same as cutting spending.
Considering that the GOP has already agreed to raise taxes on everyone who's making up to a million dollars, I don't think that anyone with a third of a brain could possibly see them as anything but a bunch of elitists who could care less about the general populace of America.
you could rase the rate for the top bracket (currently at 36%) to 90% and warren buffett would not be paying a penny more in taxes
Actually false. His earned income isn't as low as you think. His earned income was close to $800,000 on his last tax return. His capital gains were in the multi millions - over $60 million.
Nearly 70% of the 1% favor increasing their own taxes. That is matched by nearly the same margin in the 99%. There has not been an issue in many years where Americans have been so solidly in agreement with each other. The congressional Republicans need to get with the program.
Can you post a link to the actual poll, and not to CNBC's claim that there was a poll? That article doesn't reference or link to the poll itself, and it wouldn't be the first time that a news source as biased as CNBC misconstrued a poll. If they were quoting the poll verbatim, why wouldn't they link to the poll itself?
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