valvano
09-20-2011, 11:14 AM
First, lets consider that under Obama about 45% of the population pays no income taxes. I don't know what's fair about that since Obama says every body needs to pay their fair share, but we sure seem to have a lot of total deadbeats out there.
Now,new IRS data shows that in 2008 the top 1% of taxpayers paid 38% of the collections on income taxes while they represented only 20% of all income? That doesnt sound fair either.
Of course, this so called "Buffett" tax that Obama is talking about fails to distringuish that his secretary pays income taxes while most of Buffett's income is unearned income such as capital gains. But on the other side, Obama needs to create jobs. So he is going to encourage job creation by raising taxes on the income you earn from investing your capital????
http://www.foxnews.com/politics/2011/09/20/irs-data-show-most-millionaires-pay-taxes-at-higher-rate-than-middle-class/.com/politics/2011/09/19/obama-yields-to-liberal-outcry-on-entitlement-reform/
The last thing I would like to add is Obama's comments that we can't cut our way out of this deficit. Both parties are to blame for the deficit. I dont understand how we can spend our way into this deficit, but we are not allowed to cut our way out of this deficit??? Wouldnt that be like eating your way to being 150lbs overweight, but not allowing yourself to starve that extra weight off?
Obama, the man with no business experience, trying to set an environment for job creation......
Now,new IRS data shows that in 2008 the top 1% of taxpayers paid 38% of the collections on income taxes while they represented only 20% of all income? That doesnt sound fair either.
Of course, this so called "Buffett" tax that Obama is talking about fails to distringuish that his secretary pays income taxes while most of Buffett's income is unearned income such as capital gains. But on the other side, Obama needs to create jobs. So he is going to encourage job creation by raising taxes on the income you earn from investing your capital????
http://www.foxnews.com/politics/2011/09/20/irs-data-show-most-millionaires-pay-taxes-at-higher-rate-than-middle-class/.com/politics/2011/09/19/obama-yields-to-liberal-outcry-on-entitlement-reform/
The last thing I would like to add is Obama's comments that we can't cut our way out of this deficit. Both parties are to blame for the deficit. I dont understand how we can spend our way into this deficit, but we are not allowed to cut our way out of this deficit??? Wouldnt that be like eating your way to being 150lbs overweight, but not allowing yourself to starve that extra weight off?
Obama, the man with no business experience, trying to set an environment for job creation......