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Obama Pushing for Tax Hike on Top Earners: If You Make $250K+ a Year, Should You Have to Pay More?

Chris D 2012/07/09 16:00:00
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Politicians love to raise taxes -- and it's not just the Democrats! Do you think that those who are successful and achieve greater income should have to pay a disproportionally greater share of the tax burden?

FOXNEWS.COM reports:
President Obama, amid charges of waging class warfare, is expected to push Monday for a tax hike on families earning more than $250,000 -- and an extension of the Bush-era tax rates for families making less than that.
tax hike families earning 250000 extension bush-era tax rates families

Read More: http://www.foxnews.com/politics/2012/07/09/obama-t...

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  • Brosia 2012/07/30 23:56:23
    It depends
    Brosia
    If the current loopholes still exist, it is pointless. You could charge them 90% taxes, and you wouldn't get more because of the off shore accounts and creative tax paying that they can still do.
  • Diane 2012/07/19 13:40:30
    No
    Diane
    The original intent of a tax was to help us pay for the Civil War and the sole purpose of the Federal government was security of its citizens. Over time, government got greedy and the people became more silent and now we are all paying the price. Washington still doesn't have a balanced budget but demands more money tax dollars from the "rich", and we have a President in office that is doing all he can to promote strife and class warfare. Instead, Americans should see through this ploy and recognize the mishandling of our money. Instead of asking for more money from the rich, why not balance a budget!
  • Angryface01 2012/07/18 05:13:20
    It depends
    Angryface01
    It depends if the new guideline will apply to all people who earn more than $250K... and not just certain ones...
  • Pat 2012/07/17 02:50:08
    It depends
    Pat
    It makes no sense that people with Mitt Romney's earning pay a lower tax rate than the average, middle class worker. Raising the tax rate on the top 2% of the population will not stress them. They are NOT the job creators. The money they make goes into savings. A lot of it overseas (ask Mitt). They are enjoying a lower tax rate, while out sourcing the jobs overseas. America reaps none of the benefits.
  • Studied Pat 2012/07/20 20:08:54
    Studied
    +1
    He does NOT pay a lower tax rate. The rate they are touting is a capital gains tax rate, not an income tax rate, but they fail to explain that as it does not feed into their agenda. Romney, like everyone else already paid the higher tax rate when he earned the money. Now he is being taxed again on his investments. You would be paying the same if you had investments.
  • Pat Studied 2012/09/17 17:02:51
    Pat
    The fact is that Mitt Romney makes his money through investment earning, which means that he sits on his ass while doing nothing as his oversea's bank accounts get bigger. On the other hand, the average tax payer, who is paying at a much higher rate, is paying on earnings from actually working for a living. Seems bass ackwards to me. romney cayman bank accouts
  • Studied 2012/07/17 01:39:00
    No
    Studied
    These folks already pay more than the 47% who pay nothing. Everyone needs to have some skin in the game. Want to get rid of business credits, then also get rid of child credits. Fair is fair. They seem to want to take away the incentives for folks to succeed.
  • me 2012/07/16 16:55:26
    No
    me
    Barry needs to spending MORE
  • ryan 2012/07/16 14:01:09
    No
    ryan
    There should be no federal tax at all. Collected tax only goes to pay federal reserve interest, not for any programs.
  • ☆stillthe12c☆ 2012/07/13 06:50:43
    No
    ☆stillthe12c☆
    Even Pelosi says he is wrong on this. She si in favor of starting the tax on 1 million and above.
  • sick'n'tired PWCM 2012/07/13 01:27:18
    No
    sick'n'tired PWCM
    I don't want obie's socialist state.
  • edifyguy 2012/07/12 18:09:36 (edited)
    No
    edifyguy
    +1
    If you earn more, you should be allowed to have more. Who is the government to tell me "I don't need it?" It's MY money, I'LL decide what I do with it! Unless, of course, Caesar Obamus just tells the IRS to TAKE it. Where are the Minute Men when you need them? King George was NICE compared to this guy and the current Federal monster!
  • PrettieReptar 2012/07/12 18:03:36
    No
    PrettieReptar
    +1
    Repeal the 16th amendment.
  • Rob_Hoff 2012/07/12 17:31:23
    Yes
    Rob_Hoff
    We need to go back to the Eisenhower era tax rates and eliminate the social security cap
  • ComeOnNow Rob_Hoff 2012/07/12 18:02:20
    ComeOnNow
    +1
    It is clearly time for a flat tax. Everyone pays the same exact rate, no exemptions. It is not the job of anyone to subsidize the conscious decision of others. Lets play adult and take some responsibility for ourselves. I know democrats hate personal responsibility because they like to live recklessly and then expect everyone else to
    Pay for their irresponsibility. Look at how the democrats cries when they even had to pay for their own Social Security. Look how Obama could not even fill his cabinet position with democrats that actually paid their taxes. Obama vetted democrat after democrat politician and none of them actually paid their taxes. These are the ones that have the nerve to lecture us.

    Everyone needs to pay something and everyone needs to have some skin in the game. 49% did not pay a dime in federal income taxes, yet can vote to spend other peoples money on themselves. Remember, the main concept this country was founded on is equal individual rights where everyone is treated equally by the government. Under the current tax code corrupt politicians steal and vilify a minority to buy votes from a majority. Look, every time Obama and the democrats speak the promise more of other peoples money on things they ate not even willing to spend their own money on.

    Really, e...



    It is clearly time for a flat tax. Everyone pays the same exact rate, no exemptions. It is not the job of anyone to subsidize the conscious decision of others. Lets play adult and take some responsibility for ourselves. I know democrats hate personal responsibility because they like to live recklessly and then expect everyone else to
    Pay for their irresponsibility. Look at how the democrats cries when they even had to pay for their own Social Security. Look how Obama could not even fill his cabinet position with democrats that actually paid their taxes. Obama vetted democrat after democrat politician and none of them actually paid their taxes. These are the ones that have the nerve to lecture us.

    Everyone needs to pay something and everyone needs to have some skin in the game. 49% did not pay a dime in federal income taxes, yet can vote to spend other peoples money on themselves. Remember, the main concept this country was founded on is equal individual rights where everyone is treated equally by the government. Under the current tax code corrupt politicians steal and vilify a minority to buy votes from a majority. Look, every time Obama and the democrats speak the promise more of other peoples money on things they ate not even willing to spend their own money on.

    Really, everyone should pay the same exact amount if we really are going to treat everyone fairly, but everyone needs to pay something. The government is vastly wasteful and 49% don't care because they do not pay a freaking dome of it. Instead they violate the rights of the few that actually pay the tab by demanding more and more. It is getting to where those that pay freaking nothing and take the most have the freakink nerve to vilify those paying for everything. What one makes is nothing but a result of their personal choices and work ethic. The same percentage of a smaller amount is still a much smaller contribution than another EQUAL citizen paying far more for no other reason than they have worked harder and taken more risk. A flat tax by definition is a progressive tax because those that do make more still pay far more. A flat tax is the only tax that provides a system of checks and balances where every time someone's demands spending they actually have to contribute as well. It is a natural mechanism to control spending.



    Don't pretend you give a damn about anyone else or are anything more than a thief, otherwise you would be demanding that your taxes go up too in order to pay for all theses things. But democrats do not do that. In reality, democrats are petty thieves looking to steal from others. That is why democrats cry about even paying for their own Social Security or Birth control and Obama's own brother lives in a shack and I have more to charity than Obama and Biden combined prior to Obama running for senate. We see right through you.
    (more)
  • Rob_Hoff ComeOnNow 2012/07/12 18:27:10
    Rob_Hoff
    Lol, you assume much. www.voterocky.org
  • Studied ComeOnNow 2012/07/17 01:41:42
    Studied
    +1
    And not only do 49% not pay any IRS taxes, the majority of those recieve thousands of dollars over and above what was actually deducted from their pay due to all the credits they can deduct.
  • Studied Rob_Hoff 2012/07/17 01:40:13
    Studied
    +1
    Actually they need to replace all the monies that were stolen from Social Security to pay for other things.
  • jazzpast 2012/07/12 16:50:21
    Yes
    jazzpast
    Mitt Romney pays 15% on his millions. I pay 35%, doesn't seem fair. I don't see any problem making Romney, pay for a change.
  • texasred jazzpast 2012/07/12 22:03:41
    texasred
    Are you sure you're a Conservative Christian? Conservatives don't believe in making someone pay more just because they've earned more. Tax reform would fix all that and any good Conservative should know that. And Christians don't whine about fair and unfair. They get up and help those that need it.
  • Studied jazzpast 2012/07/17 01:43:48
    Studied
    +1
    I am really sick of this argument. Mitt Romney pay a 15% capital gains tax. This is in addition to the 35+% he paid at the time he earned the money. It is disengenuous to keep telling Americans he only pays 15% and not telling them this is a capital gains tax which is different than income tax.
  • none 2012/07/12 16:40:32
    Yes
    none
    +2
    If you make over $250K you already DO pay more taxes. What this BS from Obama is trying to do is distract gullible Americans from his pitiful record of failure.
  • Studied none 2012/07/17 01:44:20
    Studied
    This is about wealth redistribution.
  • none Studied 2012/07/17 23:28:42
    none
    Which is a stupid socialist idea.
  • RED DAWN 2012/07/12 16:32:31
    No
    RED DAWN
    +2
    Obama knows his tax plan is B/S.It's only a tax increase on the rich.He knows darn well the 49% that don't pay any Federal tax don't need a tax cut.
  • cheshirewayne 2012/07/12 15:31:18
  • Dogzebra~PWCM~JLA 2012/07/12 14:57:43
    No
    Dogzebra~PWCM~JLA
    +2
    Asses like Barry the crook need to be ousted. His agenda is designed to destroy our country and he's doing a great job, right under the noses of the masses.
  • beavith1 2012/07/12 14:40:37
    No
    beavith1
    +2
    it raises relatively small money that he'll just spend anyway, hurts disposable income in the private sector and makes a political mockery of us being a single nation.

    he's a moron. he must go.
  • mrdog 2012/07/12 13:56:14
    No
    mrdog
    +1
    Simple one page flat tax for all...no loopholes.....then save adjustments for very very poor...bark
  • Seonag 2012/07/12 13:45:59
    No
    Seonag
    +4
    I'd be okay with the $1 Million dollar mark, but I'd like to see everyone who has a job pay some Federal INCOME tax, even if it's only a couple of hundred dollars. Every workers should have some 'skin in the game.'

    Can someone explain what 'fair share' is when something like 48% don't pay any Federal INCOME taxes?
  • All American 2012/07/12 13:36:29
    No
    All American
    +2
    I'm a Flattaxer; everybody pays the same percentage, no free rides.
  • Rob_Hoff All Ame... 2012/07/12 17:34:39
    Rob_Hoff
    Has to be a progressive rate, 10% to one person may be painless while to another it could be finacially fatal
  • edifyguy Rob_Hoff 2012/07/12 18:13:51
    edifyguy
    You mean a COMMUNIST rate? Karl Marx said that income taxes should be PROGRESSIVE, and that's where your buddies got the word!
  • BrianD3 2012/07/12 13:34:33
    No
    BrianD3
    +2
    HELL NO!!

    Progressive tax rates are fundamentally unAmerican as they single out groups of people for disparate and unequal treatment.
  • drdos1943 2012/07/12 11:56:02 (edited)
    It depends
    drdos1943
    +1
    I would not mind paying another 3% in taxes except for one thing. It would just add to the bloated government and the wasteful spending we have now. Let me see significant spending cuts and a balanced budget first...and then I'd be in favor of a 6% (or even more) increase on myself and others like me.
  • cryohasacoldheart 2012/07/12 09:58:12
    It depends
    cryohasacoldheart
    +2
    i beleive everyone should be taxed at the same ratio to there income
  • Myagooshki 2012/07/12 05:58:58
    Yes
    Myagooshki
    Of course. Now although I don't necessarily believe in trickle down economics the was that Ronald Reagan defined them, I do believe that the choices made and policies put forth by one president affect future generations. I think that the good economy in the 60's and 70's was due to the tax legislation of Dwight D. Eisenhower. Guess what? He classified himself as a Republican, but he wanted to raise the taxes on top earners to 90%. He put forth a progressive tax that everyone would be flipping turd burgers about these days if Obama were to do such a thing. Although I also think that political parties have "inflated", so to speak, since Einsenhower was in the white house, and I think these days Ike would have been classified as a Democrat.
  • urwutuis 2012/07/12 05:57:21
    It depends
    urwutuis
    No they shouldn't pay a disproportionate amount but they already do. Disproportionately lower. Most of their income is capital gains, the only constitutionally taxable income.
    So the income derived from the least amount of work that adds nothing of value to society is taxed least.

    Sounds fair to me. That way the poor can keep paying the rich and all is right with the world.
  • ComeOnNow urwutuis 2012/07/12 10:41:40
    ComeOnNow
    +5
    That is patently false and capital gains have already been taxed and raising the capital gains simply takes incentive out of investments.to say that investment does not add anything to to society shows a patent lack of any economic comprehension on your part. Also, the poor do not pay anything. You show a complete lack of comprehension of reality.
  • beavith1 ComeOnNow 2012/07/12 16:54:00
    beavith1
    +1
    you're right.

    now tell us how you REALLY feel.


    ;-)
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