President Obama keeps talking about “shared sacrifice” and reforming the tax code so “everyone pays their fair share.”
Such statements prove the man in the White House has more in common with Marx than Madison.
Here are the facts, from the National Taxpayers Union:
The top 1 percent of wage earners (those making over $380,000 per year) pay 38 percent of all federal income taxes. In addition, the top 10 percent (they earn over $113,000) cough up 70 percent of all federal taxes.
Meanwhile, about half of all workers pay NO federal income tax.
What Obama is doing is playing a game that Marx loved: class warfare.
When I think of “shared sacrifice” and “everyone paying their fair share” I think of everyone—that would be everyone who has a job—making a sacrifice and paying their fair share. I don’t care if someone only makes $100, they, like the rest of us, should be required to pay for essential aspects of government like the military, CIA, the FBI, and the TSA that are commissioned to keep us all safe.
I personally like the idea of a flat tax—like 10 percent. The guy making a measly $100 bucks would pay $10 and the person earning a million would cut a check for $100K. If this 10 percent across the board plan is good enough for God (I’m referring to the tithe) then it should be good enough for the government.
Folks, we’re out of money. We need to cut the size of our gargantuan government. There must be a massive layoff of federal employees; budgets need to be slashed and frozen. And if we have to pay a federal income tax, everyone should pay their fair share.
Great points Brian. Sadly through all the “posturing” over our debt, now these representatives get the month of Aug off with pay, with their pensions and no sacrifce of their wages. Government doesn’t create jobs, industry does. What happened to Reaganomics? Oh wait, I forgot Marx didn’t embrace that as well. Good post Brian… God bless
A comment to the guy who says capital gains taxes should be raised: The money I invest has already been taxed when I earned it. Why should I pay more taxes on it? I bought a rental building, I provided jobs, improved the building and the neighborhood, provided a nice place for folks to live, at a reasonable rent—I landscaped, painted, bought new appliances–etc. etc. I took the risk. The bank and the real estate agent made losts of money right away, but when I sell it- Obama wantst to tax me an extra 3.8% l–in addition to any capital gains.
And any income I make is taxed as ordinary income. And, I get stiffed occasionally by tenants that move out without paying rent and leave damage beyond the security deposit.
And Obama wanets to call rental income: unearned income and to tax it at a hight rate.
This is nuts!
Another comment on taxing the 50% of those who pay no taxes. Seems folks always have money to buy chips and pop, etc.—-but no money for taxes, school supplies, lunches or any other freebies the government has to offer. If we had a flat tax and everyone paid 15% and someone makes 0 money, 10% of 0 is zero!—still paying no taxes!
Call it what it is—-the democrats are giving away money to BUY votes! Pure and simple!
I’m worried about everyone paying their fair share, but not nearly as much as I am worried about what our government is doing with our money. It would be awesome if we could have a check box on our tax forms where we could select what government programs we wish to support. That way the people truely get what they want.
Sure, that dollar isn’t much, nevertheless for someone about the “giving away” end with the trade, how come they pay suggest their buddy whenever they’ll
receive little in return. I mean I’m sure you’ll find people who do not
take on it grave, but you can find people who make it their life.
Sports books, on the other hand, believed this game would be all about the offense, making the total with a staggering 56 points.
Make sure that you include the military families who make $18,000 – $25,000 a year to share in this flat tax thing. The also use federal services.