Quantcast

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
You!
Add Photos & Videos
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...

Add a comment above

Top Opinion

Sort By
  • Most Raves
  • Least Raves
  • Oldest
  • Newest
Opinions

  • sbtbill Mike 2012/07/10 06:08:06
    sbtbill
    True, but we can tax money leaving the country and assets left here .
  • Mike sbtbill 2012/07/10 13:57:35
    Mike
    Your right...but you see the reason the rich are rich...is we don't have the money even coming into the states......we decide how much comes into the states...how much do I really need to live on....your right....$250,000 is plenty for me to live on...that means that I will pay about $95,000 just in taxes alone.....is that fair..??....well the thing is...politicians are doig the same thing.....EVERYONE of them has an offshore account....see think about this....if you have a business world wide....I can set up my main office ANYWHERE in the world....so why would I want to set it up where the TAXES are going to be unfair and high.....nope...Panama is the best place ...go look at the fortune 500 of single business...not talking about Johnson and Johnson....you see if they move to another place i the world USA would know it ...and its projected all over the news...CNN runs with it so does FOX....bad ol Johnson and Johnson they left to go to Indonesia .........why..??...becuase the GOVT forces them too....anyways....just letting you know some facts .....
  • JustThe... Mike 2012/07/13 02:29:08
    JustTheFacts
    +1
    Amen Bro! Congrats on the success!
  • EDWARD G 2012/07/09 18:09:11
    No
    EDWARD G
    +3
    Especially not in a situation where half the country pays nothing. I'm sure it is fine with them. I do not believe in progressive income taxation. I think a flat tax which EVERYONE pays is more equitable. Those who make less will pay less, those who make more will pay more but the rate for everyone will be the same.
  • Mike EDWARD G 2012/07/09 18:12:12
    Mike
    +1
    I'm so in favor o a FLAT tax.....I even have a posting here on it....
  • sbtbill Mike 2012/07/09 22:21:01
    sbtbill
    It would have to be about 25% and eliminate all deductions and treat all income the same to have a chance of working. That would include stock options and capital gains.

    There is a flat tax out there FICA which should not be capped
  • Mike sbtbill 2012/07/10 02:37:40
    Mike
    Again....I want to make sure you understand.....for the money that I recieve from the USA part of my business.....I have no problem in paying my taxes on....I do have a problem if they are going to up mine another 6 or 8 % just because I've been fortunate to have more money as an income.......so a flat tax...I don't have any problem with......BRING IT..!!!..wahhooo..!!! flat tax
  • relic 2012/07/09 17:57:46
    No
    relic
    +2
    No one should pay more than 1/3 of their earnings, and no one should get out of paying something.
  • mwg0735 relic 2012/07/09 18:20:54
  • sbtbill relic 2012/07/09 22:21:30
    sbtbill
    Capital gains should be taxed as ordinary income.
  • relic sbtbill 2012/07/09 22:45:23
    relic
    No.
  • lurx: the soda jerk 2012/07/09 17:56:51
    Yes
    lurx: the soda jerk
    +7
    Even Ronald Reagan's own budget directer thinks that the rich should pay their fair share...

  • relic lurx: t... 2012/07/09 17:58:50
    relic
    +2
    They already do. In fact, they pay far more than their fair share.
  • lurx: t... relic 2012/07/09 18:07:37
    lurx: the soda jerk
    +6
    Mitt Romney's Tax Returns Show 13.9% Tax Rate, Highlight Challenges For Wealthy Candidates

    The returns show that Mitt and Ann Romney, who are worth from $190 million to $250 million, earned $21.7 million in 2010 and paid a 13.9 percent tax rate, lower than that of a person earning $50,000. The total amount the Romneys paid in taxes in 2010 was about $3 million.

    http://www.huffingtonpost.com...

    ...yeah, right.
  • EDWARD G lurx: t... 2012/07/09 18:15:18
    EDWARD G
    +3
    What's wrong with that? Maybe EVERYBODY should pay 13.9%. Do you have a pension and Social Security? Suppose you started receiving benefits and the Govt said, this pension is too high, we are giving 30% of this to someone who never worked. We don't want him to feel bad. Does that work for you?
  • lurx: t... EDWARD G 2012/07/09 18:24:01
    lurx: the soda jerk
    +4
    I think if you really want to take paying off the deficit seriously in this economy, the people who are overwhelmingly making the most money should pay the most in taxes.

    http://www.cbsnews.com/8301-5...
    http://www.cnn.com/2011/09/14...
    http://www.cbsnews.com/8301-5...

    ...and I'm not alone in thinking that.
  • EDWARD G lurx: t... 2012/07/10 00:22:41
    EDWARD G
    There is another theory out there called cutting government spending. BTW under a flat tax system those making the most will pay the most, they just won't be paying a different rate and in my mind there is no reason they should.
  • lurx: t... EDWARD G 2012/07/10 02:38:09
    lurx: the soda jerk


    I really don't think that increasing the tax burden on those who can least afford it, really makes a great deal of sense.
  • EDWARD G lurx: t... 2012/07/10 02:44:10
    EDWARD G
    Everybody has to pay something. If you can tax Social Security,why not welfare. Just withold it like a paycheck.
  • lurx: t... EDWARD G 2012/07/10 02:48:57
    lurx: the soda jerk
    Everybody pays taxes, and pushing more of the burden on those people that can least afford it simply doesn't make any sense.
  • EDWARD G lurx: t... 2012/07/10 03:00:25
    EDWARD G
    Equality includes sharing the burden, they're not sharing.
  • lurx: t... EDWARD G 2012/07/10 03:04:29 (edited)
    lurx: the soda jerk
    dfgdfgdgdgdfgdfgfd

    Maybe you should carefully read this again, since you've already responded to it below...

    It's a myth that the 50% paid nothing when in fact they paid FICO, unemployment, payroll taxes, sales taxes, etc. Those taxes are all regressive, they hit the lower end much harder than the upper end. Income tax was designed to remedy that by imposing a larger tax burden on the wealthy to ensure they pay their fair percentage, not share, & it's not 15%, 25%, or even 35%. Plus you only pay that percentage on the amount of money that exceeds the threshold, not the entire amount, that's why it's tiered, people keep ignoring that.
  • EDWARD G lurx: t... 2012/07/10 03:13:35
    EDWARD G
    This is where we disagree, a flat tax results in each of the above paying their fair share. Progressive taxation is not fair at all
  • lurx: t... EDWARD G 2012/07/10 03:17:23
    lurx: the soda jerk
    ...then we will have to agree to disagree in what we consider to be fair.
  • Mike lurx: t... 2012/07/09 18:18:07
    Mike
    +3
    I'm telling you....we have ways of gettin out of taxes...just like everyone else gets' tax breaks....we can too...it's called off shore accounts...I don't keep all my money in the US...I have it Philppines....Japan....India.... way I can enjoy the rewards of all my hard work in the past 2 years in building my business....so do'nt think just becuase we make a lot of money you'll get it ......you won't....just sayin....what's going to hurt is those that are 50,000 to 200,000 a year......cause they can't afford to send thier money out like others do......so if you want to tax more of those that say they are high class...but only make $50,000 you go right ahead.....they won't be in the high class long..:(.....i'd rather see a flat tax of 30% everyone pays round the board....no matter what you make...FLAT tax is the way to go...
  • lurx: t... Mike 2012/07/09 18:27:26
    lurx: the soda jerk
    +4
    You can't have it both ways, you can't be serious about paying down the deficit and still maintain the upper end tax cuts without pushing most of the burdon on the people who can least afford it.
  • relic lurx: t... 2012/07/09 19:33:26
    relic
    Given the tax laws, they paid their fair share. How about the 50% who paid nothing? When are they going to pay /their/ fair share?
  • lurx: t... relic 2012/07/09 19:49:09 (edited)
    lurx: the soda jerk
    +3
    "How about the 50% who paid nothing?"

    50 paid

    ...everybody pays taxes, and the idea of increasing the tax burden on those who can least afford it, simply doesn't make any sense.
  • Stentor relic 2012/07/09 21:34:40
    Stentor
    +1
    When they start making enough money to be taxed according to the income scale. It's a myth that the 50% paid nothing when in fact they paid FICO, unemployment, payroll taxes, sales taxes, etc. Those taxes are all regressive, they hit the lower end much harder than the upper end. Income tax was designed to remedy that by imposing a larger tax burden on the wealthy to ensure they pay their fair percentage, not share, & it's not 15%, 25%, or even 35%. Plus you only pay that percentage on the amount of money that exceeds the threshold, not the entire amount, that's why it's tiered, people keep ignoring that.
  • EDWARD G Stentor 2012/07/10 02:52:45
    EDWARD G
    These same regressive taxes are paid by everyone else, the "poor" are no exception. The only fair percentage is a flat tax which everyone pays. Maybe people who actually pay income tax should get 2 votes at election time. That sounds fair to me.
  • lurx: t... EDWARD G 2012/07/10 02:55:33
    lurx: the soda jerk
    "Another means of silently lessening the inequality of property is to exempt all from taxation below a certain point, and to tax the higher portions of property in geometrical progression as they rise."

    --Thomas Jefferson to James Madison, 1785.
  • EDWARD G lurx: t... 2012/07/10 03:06:11
    EDWARD G
    There will always be inequality of property and it is not criminal to have more than others. Bill Gates wealth does not upset me, he earned it. As for Jefferson's opinion it was a minority, there was no income tax for another 125 years and it required a constitutional amendment
  • lurx: t... EDWARD G 2012/07/10 03:11:21 (edited)
    lurx: the soda jerk


    Considering that progressive taxation was something espoused by Thomas Jefferson, Abraham Lincoln and Teddy Roosevelt, but also a majority of Americans today...

    http://www.cbsnews.com/8301-5...
    http://www.cnn.com/2011/09/14...
    http://www.cbsnews.com/8301-5...

    ...I think the idea doesn't appear "unfair" to most Americans, particularly given the widening gap of income disparity that you find in our country today.
  • Mike lurx: t... 2012/07/09 18:13:49
    Mike
    +1
    I do pay my fair share....I pay more then most people in my church..........so define fair share...??
  • lurx: t... Mike 2012/07/09 18:19:46 (edited)
    lurx: the soda jerk
    +5



    Well maybe we should return to the upper income tax rates that existed for most of Ronald Reagan's administration...
  • Mike lurx: t... 2012/07/10 02:39:19
    Mike
    As long as everyone goes there I don't mind....as long as the middle-class is up where it is too.....no need to pay more money when no one else is.....not fair then...
  • lurx: t... Mike 2012/07/10 02:50:16 (edited)
    lurx: the soda jerk


    I really don't think that increasing the tax burden on those who can least afford it, makes a great deal of sense.
  • Bruce 2012/07/09 17:56:28
    No
    Bruce
    +2
    Not a chance during this Congress. Obama loses if he tries that stunt.. Stop wasting our time Obama.
  • Daryl 2012/07/09 17:53:33
    No
    Daryl
    +9
    1. We pay too much in taxes already as evidenced by our weak economy.
    2. It's not the government's money to seize and spend on their political cronies.
    3. The problem is government spending.
  • farkromney Daryl 2012/07/09 17:58:05

See Votes by State

The map above displays the winning answer by region.

News & Politics

2014/11/26 21:40:27

Hot Questions on SodaHead
More Hot Questions

More Community More Originals