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Chad3..neither side is going to do harm to the very wealthy.
Those are the very people that put money and power in their pockets and offer them jobs when they leave office.
The middle class serves that purpose of supplying an unending revenue stream to the FedGov
Obama tried to pass a law called the "Buffet Rule", which would have made everyone making over $1 million dollars a year pay at least a 30% tax rate, but the republicans stopped him.
Obama tried to pass a law called the "Buffet Rule", which would have made everyone making over $1 million dollars a year pay at least a 30% tax rate, but the republicans stopped him.
On thing to remember here, just in case you don't go read that article, is that most industrial countries have a preferential tax rate for capital gains and the US has done for most of the last 90 years. It was instituted in 1922 "when it was determined that a top rate of 73 percent was discouraging gains realizations." (from the Forbes article).
This is not something those 1980's and 1990's ebil GOP'ers dreamt up.
What Obama wants is moot. He is already a lame duck and, in fact and deeds, has checked out of his job.
Obama is in campaign mode for the next 2 1/2 years. His administration is corrupt beyond repair and he has never really presided. Why rock the boat now?
Obama is in campaign mode for the next 2 1/2 years. His administration is corrupt beyond repair and he has never really presided. Why rock the boat now?
I laugh and i cry because we keep arguing about which party is corrupt in a major two party system! And the victory is what? Prove one party is corrupt? Oh blessed jesus, Both are corrupt! The system is broken!
I have work ethic. But I am getting close to retirement. Life is too short to bust your hump and give away close to half of it with all of the combined fees and taxes.
Yep. I retired last year for the very same reason. Much less of a tax slave now.
Millionaire and billionaire CEO's pay 11% - 14% federal tax rates.
Just 2 examples do not effective federal tax rates make. Here are the average effective total federal tax rates, courtesy of the joint effort of two liberal think tanks:
" *Individual income tax rates for the lowest and second lowest quintiles are negative and are netted against the payroll tax rate. A quintile is one fifth of the population. Calculations assume that employees also pay the employer portion of payroll taxes in the form of reduced wages. The breaks are (in 2013 dollars): 20% $24,191; 40% $47,261; 60% $79,521; 80% $134,266; 90% $180,482; 95% $261,471; 99% $615,048; 99.9% $3,170,865."
Data source: Average Effective Federal Tax Rates Urban-Brookings Tax Policy Center. Yes, the same Urban Institute Democrat LBJ established, and the Brookings Institution, which a 2011 study examining employee donations from 2003 to 2010 showed that 97.6% of Brookings's employees' political donations went to Democrats and described the think tank as liberal. Think Tank Employees Tend to Support Democrats - US News
How much would food prices decline if food stamp use was reduced?
That is just an example. There are hundreds of these hidden taxes on non-leeches.
I see the big money thrown into propaganda is alive & working well for you. Class warfare is the new racism. Why don't you try following the money & see who the true 'leeches' in our economy are.
Depends on how you define "average federal income tax rate"
I presume you own your home, but under Obamacare my landlord pays a new 3.8 tax on his rental income, covered by my inflated rent, so ultimately I'm bearing the tax.
Thank you, Obama.
You pay more than the market dictates for rent? Why would you possible do that?
I laugh and i cry because we keep arguing about which party is corrupt in a major two party system! And the victory is what? Prove one party is corrupt? Oh blessed jesus, Both are corrupt! The system is broken!
The two parties are two heads on the same beast. The only difference is the rhetoric. Change a name and the talking points are almost the same.
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