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

If we do away with capital gains, we are really in trouble!

so you do not want equal taxes then, you want the truly rich to pay less than yourself. Okay.

Do you own a home? Ever plan on selling it?

Yes I do, and yes I do, but I remember when homes were not exempted, and it was not the end of the world.

Hope it never comes to that!

we are broke as a country, paying taxes is not off the table.

Do not believe everything politicians say! Roosevelt knew where to find extra money! Do you really trust what Banks say???

I trust banks less than I trust government.

the average salary in the usa is about $40,000 most of us will never get up to the $100,000 level and even fewer will get to $500,000.
wqake up folks the rich are sucking up al the money and making us pay all the taxes.
and as for the poor, you have to be pretty mean spirited to complain about folks making $15,000 to $22,000 not paying any taxes

I doubt if that is the average! Folks getting $15.000 are able to get help, as this is about the poverty level!

can't stand romney but his 15 percent is due to the rate of tax on dividends. he has no job!.

it is called income tax, not a job tax. Of course he wants capital gains taxes at a lower level, but only one percent of the population benefits from capital gains. I guess we know where he stands. It is the other 99 percent that are truly moronic.

I know it is income tax. I am not a fan of oromney nor do I like to defend him but as to what I have seen about oromney,he is for keeping capital gains at current level.

Dividend on money that has already been taxed!

true

Do you understand why?

Capital gains is dealt with differently than ordinary income, you are saying doing away with capital gains?

More like a use it or lose it taxation policy... just like the old days...

Odumbo has just been outed with his massive tax hike on the working middle class under the guise of obama care. So this hype about taxing the rich is supposed to distract those people affected by obama care tax and make them wish to soak the rich so thay forget that obambi has already soaked them.

BUT...........EVERYONE should have to pay their share with no loop holes or legal wrangling like big business has to make sure they paid nothing.

This is more about the irresponsible government than it is who pays how much. Politicians with their pork barrel spending and government offices going "hog" wild with what they buy are two of the most significant reasons we are in debt. The first thing that money managers do to help people get out of debt is to cut up credit cards because they don't know how to manage their purchases. It's about time that the American people cut up the "credit cards" of the government. Reduce spending, don't grow government employment, and then let's see where we stand. Oooops, that's right, government spends money to garner votes, just like Obama is trying to do now. There are more voters in the poor and middle class than the upper 1%, so tell me. Who do you honestly think will get the economic shaft before government become a more rational consumer?

but who really cares.
let's just dance.

yeah! that'll solve everything.

You shouldn't have to pay more per say but you should have to pay the same rate as the average wage earner who has no access to tax loopholes. The loopholes and tax havens are what need to be eliminated to make taxes fair.

Then the leftist will say $200+K... Then $150+K... Eventually, it will to $20+K... You can't believe ANYTHING that a leftist says.

People voting 'yes' on this thread seem to not understand a very basic concept. There are only two things you can do with money. Spend it on goods and services or invest it. Money the government confiscates from 'the rich' is money that is often squandered the way much of the Obama 'stimulus' money was,on things like green energy scams run by well connected Obama donors that ended up costing billions.

Meanwhile, the 'evil rich' aren't spending or investing this money, which means less economic activity and less jobs for everyone. And the 'rich' eventually either run out of money to be taxed or leave to prevent further theft. Lower taxes, on the other hand, encourage real growth in economic activity.

What the attitude the Obama Administration exhibits actually reveals is a distrust of freedom. Rather, they feel that all decisions should be made by people's all-knowing 'betters' in government, who of course should control ALL the wealth. They used to call this feudalism. Nowadays, it's 'socialism'.

Check this out: http://joshuapundit.blogspot....

Although he's not proposing to RAISE taxes, just let their tax breaks expire. Why do they need tax breaks anyway? It's not like they're hurting financially.

It's all relative some one making $300K a year could very well be hurting financially as someone making $75K

It's not letting tax "breaks" expires. It's letting their tax "rates" go up, which is exactly the same as raising taxes.

Here is the idiocy of taxing small business which are businesses that employ 20 people or more.You are penalizing the job creators ,the backbone of american business. Too many regulations and more taxes is an idiotic plan by a president who only knows how to destroy and rebuild into a communist state. Take all the money from the wealthy,create class warfare, lie through your teeth. Vote this marxist-facist out America.

Heres the funny thing: I'm actually not Republican (If I had to pick one-Democrat). I just think it should be fair. Besides: If you tax the rich, they won't as much money, meaning they might make cuts resulting in job loss.
I don't think its a wise move, but maybe it is. I don't know how to calculate those types of numbers yet.

The workers make the business rich. Three factory close worked us long hours breathing poison all day 6 sometimes 7 days a week. $3 million a week profit a month My arms pulled out inside and my workmans comp. had to pay then $25,0000 got nothing but worry. Blue cross and Blue Shieild Tripled in cost Then I was fired because I was hurt I had to have another surgary Wires and crews holding me together. medicine for life pain over $ 400.00 a month and thats not all of it, yes this can improve people are suffering God help us.

If you have more you should pay more. Simple.

\v/

And if the tax rate was flat at 15% they would pay much more without raising the rate on them! 15% of $250K is much more than 15% of $25K.

Why work extra hard to have it taken away? I was a single mom who worked hard to raise my daughter, and she did the same,now she is doing well. and paying very high taxes!Whats the point??? http://img.ehowcdn.com/articl...

Paying taxes are all of our responsibilities. The more you make the more you pay not to punish you, but rather you can afford to pay it. If anyone thinks someone making minimum wage should pay the same percentage as someone who makes $100K and year then don't believe in a free society. Also, if you think someone who $100K a year should pay the same percentage is taxes as someone who makes $100M a year and is worth a billion dollars then you certainly do not understand what it means to live a free society.