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Obama has said repeatedly that “millionaires and billionaires” should pay more taxes. The effective tax cut for millionaires like those in the Obama White House highlights a contradiction in
Obama’s proposal to raise taxes only on individuals making more than $250,000 as opposed to the “millionaires and billionaires” mentioned in the president’s speeches. The proposal would penalize those Americans who are not millionaires but earn incomes above $250,000.
Warren Buffet’s suggestion and raise taxes on millionaires. Don’t go after the hard-working doctors, professors, and business owners who make $200,000+ a year. They aren’t the millionaires we refer to because the majority of them are likely not millionaires!
Obama has a new term for the people he wants to tax more: jet owners.
In his news conference today, the president said: “I think it’s only fair to ask an oil company or a corporate jet owner that’s doing so well to give up that tax break.
The problem is that most of the people that would be subject to the higher taxes the president wants aren’t likely to be private-jet owners. Someone earning $250,000 a year–among those scheduled for a tax increase in 2012–is unlikely to afford a jet–or even a few charter trips on a jet.
Democrats were simply using all this "millionaire and billionaire" talk to disguise their true agenda, which is to raise taxes on families making as little as $250,000.
Boehner's "Plan B" would extend the Bush tax rates on everyone except those making $1 million or more. In fact, as soon as Boehner introduced his Plan B, Democrats started screeching about how raising taxes only on millionaires and billionaires wasn't nearly enough.
Mr Obama here are your millionaires and billionaires
However, many on the left decry capitalism as being ‘greedy’ and ‘money grubbing’ and almost every day you hear random Democrats talking about those evil ‘millionaires and billionaires’. Obama and all his cronies seem to despise ‘millionaires and billionaires’, I thought I’d give him a hand and rat out some of those uber-wealthy folks he seems to dislike so much.
Do you sheeple really believe they would do anything to hurt their own pockets?
House of Representatives Democratic leader Nancy Pelosi has suggested that the income threshold for extending tax extensions be set at $1 million a year rather than the $250,000 limit Obama wants.
Some Democrats oppose any extension, while others are wary of allowing taxes to rise for higher earners because of the impact it could have on small businesses, an argument that Republicans have stressed repeatedly.
One pays for services. One of which is the government. We use a graduated scale that requires higher payments from those with more income.
That "graduated scale" is wildly out of proportion. Look at the difference in income groups' cost of government services received per dollar of taxes paid:
The bottom 20% is getting 135.5 times the value in government services for their federal taxes paid than is the top 1%.
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"The assumption that spending more of the taxpayer's money will make things better has survived all kinds of evidence that it has made things worse.
The black family which survived slavery, discrimination, poverty, wars and depressions began to come apart as the federal government moved in with its well-financed programs to "help"
--- Thomas Sowell
Credited: Philo_Beddoe a very good question from Thomas Sowell.
“I have never understood why it is "greed" to want to keep the money you have earned but not greed to want to take somebody else's money.”
--- Thomas Sowell
great quote
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