SHOCKER #1: EVERYONE IN AMERICA WHO PAYS INCOME TAXES PAYS THEM AT THE SAME RATE AS WARREN BUFFET!!
SHOCKER #2: OUR TAXES MUST GO UP OR AMERICA IS DOOMED TO A LONG BUT AVOIDABLE RECESSION!!
Wait a second, did you just say we pay the same amount as Warren Buffet and you want us to pay HIGHER taxes???
Are you out of your mind???
America has a graduated tax rate system so your taxes are figured out by a simple scale that increases ONLY for the higher amounts you earn.
Now when I say simple I merely mean the final tax rate percentage. I am of course not counting all the sadly legal loopholes that aide and abet the wealthiest among us to negate most if not all of their fair share of America's tax burden.
Again and simply stated no matter who you are when you figure out your FINAL & ADJUSTED INCOME your taxes will be the same as anyone else with that same figure!
One main problem with our tax system, other than those loopholes that allow THE MOST PROFITABLE CORPORATION EVER to avoid paying a penny in income taxes (you know who you are Exxon) is that the top rates were not raised when President Bush and his cronies refused to fund his and Cheney's vendetta against the wrong nation for the 911 attacks.
Bush's brain conceived Bush's war as a way to get oil and help Cheney and many Republican friendly corporations make fortunes. BUT the wars were never funded with higher taxes.
This was unheard of in the past and has caused our economy to falter and nearly break for millions of lower income families not to mention all the lives lost as a result of Bush's folly.
But since we do not have the luxury afforded Marty in Back to the Future II and cannot return to before let's try to move on and fix things from THIS reality.
It's not too late to stop killing the Middle Class and poor by throwing them under the bus or ignoring them completely.
Taking away their ability to earn a living by allowing the wealthiest business owners to pay them far less than they deserve for their hard and loyal work is not only unfair it borders on criminal!
And to make matters worse those same business owners continue to get tax breaks from the Republican Party. This causes the Federal Government to step in and try to save the lives of those put upon by this treatment with food stamp programs and financial aid. And then to make this bad situation worse than imaginable the Republicans then blame the poor for being poor and demand the aid be cut off!
One guesses they want that aid money to fund more tax breaks for their 'job creating' friends in big business.
The easy fix to this mounting problem is to get more money into the coffers of the United States.
This can be done by raising the top tax brackets in a gradual manner until an equilibrium can be reached somewhere between the all out greed of the wealthiest and their funded friends in Congress and the needs of the vast majority of suffering TAX-PAYING, VOTING citizens of America.
Most of us would then still be paying THE SAME TAX RATE AS WARREN BUFFETT up to what we make but the Warren Buffetts of America would be paying a higher amount of taxes ONLY ON THE MONEY THEY MAKE OVER THAT!
For some reason too many people do not understand that raising the top tax rate does not adversely affect the poor and lower middle class. In fact it helps them greatly by putting more of the burden of running America on the shoulders of those who can MOST afford it without flinching; those who made their fortunes as a result of America's climate and wonderful work force.
An extra $1,000 in taxes per year for 90% of us is followed by belt tightening and lower spending.
An extra $1,000 in taxes for wealthiest among us would be as annoying as swatting a fly, if even noticed.
I am not saying let's make them pay because they won't notice it, I am saying make them pay because THEY OWE IT TO THE COUNTRY THAT ALLOWED THEM TO BECOME SO WEALTHY WITHOUT PAYING UP UNTIL NOW!!!
We cannot stop corporations from rewarding their own bad behavior by giving themselves more of the money they have kept or stolen from the government with lies and fraud but we sure as hell must start taxing those ill-gotten funds!
Case in point, J P Morgan Chase has had to pay BILLIONS in fines for frauds and God-awful behavior in the past decade as they have aided in the destruction of the middle class. Mr. Jamie Dimon, the head of J P Morgan Chase just had his 2013 bonus doubled to $20,000,000. For a job well done???
My proposal will naturally be ignored by those at the top and the members of Congress who have ignored the plight of the middle class and poor ever since President Obama took office but it is still worth noting.
IT'S NOT CLASS WARFARE - IT'S CLASS AND TAX FAIRNESS!
SHOCKER #2: OUR TAXES MUST GO UP OR AMERICA IS DOOMED TO A LONG BUT AVOIDABLE RECESSION!!
Wait a second, did you just say we pay the same amount as Warren Buffet and you want us to pay HIGHER taxes???
Are you out of your mind???
America has a graduated tax rate system so your taxes are figured out by a simple scale that increases ONLY for the higher amounts you earn.
Now when I say simple I merely mean the final tax rate percentage. I am of course not counting all the sadly legal loopholes that aide and abet the wealthiest among us to negate most if not all of their fair share of America's tax burden.
Again and simply stated no matter who you are when you figure out your FINAL & ADJUSTED INCOME your taxes will be the same as anyone else with that same figure!
One main problem with our tax system, other than those loopholes that allow THE MOST PROFITABLE CORPORATION EVER to avoid paying a penny in income taxes (you know who you are Exxon) is that the top rates were not raised when President Bush and his cronies refused to fund his and Cheney's vendetta against the wrong nation for the 911 attacks.
Bush's brain conceived Bush's war as a way to get oil and help Cheney and many Republican friendly corporations make fortunes. BUT the wars were never funded with higher taxes.
This was unheard of in the past and has caused our economy to falter and nearly break for millions of lower income families not to mention all the lives lost as a result of Bush's folly.
But since we do not have the luxury afforded Marty in Back to the Future II and cannot return to before let's try to move on and fix things from THIS reality.
It's not too late to stop killing the Middle Class and poor by throwing them under the bus or ignoring them completely.
Taking away their ability to earn a living by allowing the wealthiest business owners to pay them far less than they deserve for their hard and loyal work is not only unfair it borders on criminal!
And to make matters worse those same business owners continue to get tax breaks from the Republican Party. This causes the Federal Government to step in and try to save the lives of those put upon by this treatment with food stamp programs and financial aid. And then to make this bad situation worse than imaginable the Republicans then blame the poor for being poor and demand the aid be cut off!
One guesses they want that aid money to fund more tax breaks for their 'job creating' friends in big business.
The easy fix to this mounting problem is to get more money into the coffers of the United States.
This can be done by raising the top tax brackets in a gradual manner until an equilibrium can be reached somewhere between the all out greed of the wealthiest and their funded friends in Congress and the needs of the vast majority of suffering TAX-PAYING, VOTING citizens of America.
Most of us would then still be paying THE SAME TAX RATE AS WARREN BUFFETT up to what we make but the Warren Buffetts of America would be paying a higher amount of taxes ONLY ON THE MONEY THEY MAKE OVER THAT!
For some reason too many people do not understand that raising the top tax rate does not adversely affect the poor and lower middle class. In fact it helps them greatly by putting more of the burden of running America on the shoulders of those who can MOST afford it without flinching; those who made their fortunes as a result of America's climate and wonderful work force.
An extra $1,000 in taxes per year for 90% of us is followed by belt tightening and lower spending.
An extra $1,000 in taxes for wealthiest among us would be as annoying as swatting a fly, if even noticed.
I am not saying let's make them pay because they won't notice it, I am saying make them pay because THEY OWE IT TO THE COUNTRY THAT ALLOWED THEM TO BECOME SO WEALTHY WITHOUT PAYING UP UNTIL NOW!!!
We cannot stop corporations from rewarding their own bad behavior by giving themselves more of the money they have kept or stolen from the government with lies and fraud but we sure as hell must start taxing those ill-gotten funds!
Case in point, J P Morgan Chase has had to pay BILLIONS in fines for frauds and God-awful behavior in the past decade as they have aided in the destruction of the middle class. Mr. Jamie Dimon, the head of J P Morgan Chase just had his 2013 bonus doubled to $20,000,000. For a job well done???
My proposal will naturally be ignored by those at the top and the members of Congress who have ignored the plight of the middle class and poor ever since President Obama took office but it is still worth noting.
IT'S NOT CLASS WARFARE - IT'S CLASS AND TAX FAIRNESS!
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