Monday Proposal

Brittany - posted on 09/17/2011 ( 20 moms have responded )

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On Monday, President Obama will be presenting the "Buffet Rule" to congress. This rule will raise the taxes for the top part of the tax bracket or the wealthy people in America. What do all of you think? Should taxes on the rich be raised?

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Brittany - posted on 09/18/2011

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Personally, I have spent a lot of time crunching numbers for the last few months. If they started at the top percent taxing 50% of their income and working down to the poverty level taxing them 20% things would even out.

Those of us who are considered to be in the poverty bracket already pay about 18% to 20% of our checks.

The wealthy class would complain about being taxed 50% on their $1 million or more a year salary. They would still bring home $500,000. That is about $41,000 A MONTH. That is more than the average human makes a year. If they can not live off of $41,000 a month then it is time to reorganize your spending habits.

We are all in this together and there is NO EXCUSE for America, the super power of the world, to have starving children, elderly without medical attention, and homelessness. WE have 1.3 million children missing here in America. Within 48 hours of that child missing they have come into contact with someone who is willing to traffic them. We could put more money into the FBI, ICE and other agencies to find these kids. Don't they deserve to come home?

Brittany - posted on 09/19/2011

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If I were making a large sum of money, I would have no problem at all paying my share in taxes....if it meant we have better education for our children, more police on the streets, universal health care, better VA hospitals and more help for those in need.

I am a people person, I like to help when I can. We are all in this together but, yet most of our nations children do not have health care, our elderly suffer and our military personnel are being kicked out of their homes. What is so united about that?

Tracey - posted on 09/19/2011

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No point taxing them a higher rate until you close all the loopholes that mean they pay less tax than the average person.

Karla - posted on 09/17/2011

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Yup, Taxes for the rich, and maybe the not so rich should be raised - we're in a deficit & economic crises so let's deal with it.

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Yes, but I also think they need to address the tax on capital gains. There really should be a graduated scale on capital gains as well.

Lissa - posted on 09/19/2011

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In the UK earning over £150,000 means you pay 50% tax, between £35k and £100k you pay 40%.The rich are certainly not getting poorer this way.

Tara - posted on 09/19/2011

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I don't enough about this proposal to fully comment but I will say that the divide between the rich and the poor has widened incredibly in the last 50 years.
Increasing the tax on the rich and more so on the multinationals and corporate entities and decreasing the tax of the working poor would do a lot to level the playing field so it's not so much haves and have nots, but more haves and has mores. kwim?

~♥Little Miss - posted on 09/19/2011

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The rich need to be taxed more, and the poor need to be taxed less...whats new? Somehow, if the rich do start paying more...it will of course impact poverty level badly.

Brittany - posted on 09/19/2011

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One other thing that is an issue is getting tax rebates on items, like cars and home repairs ect ect.

I do not disagree with this but, in todays economy who can afford to do this kind of stuff? I do not know about all of you but, I can not afford to go out and buy a brand new car or home.

The loopholes can be closed by throwing people in jail for lying to a Federal Government Agency. Tax Evasion is a serious crime and they should start to enforce the laws on that.

Pamela - posted on 09/19/2011

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Actually Tracey, I think you are correct on that. On paper, the top 10% wealthiest do pay a higher income tax (it's at 35%) than the rest of us. But the loopholes - which are far more available to them as they have lawyers and CPA's and an uncanny ability to hide much of that income - make the "income" amount smaller and so while they're still paying 35%, it's a smaller number they're paying that amount on. That 35% is not all that onerous to them. Thanks for crunching those numbers Brittany. It kind of puts perspective on things doesn't it?

Karla - posted on 09/17/2011

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@Becky, Actually I have heard many rich people say something like: I wouldn't necessarily like it, but raise my taxes because the country needs it.

Cara - posted on 09/17/2011

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YES. They most certainly should. If I made a large amount of money I'd have no problem paying higher taxes.

Kate CP - posted on 09/17/2011

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Yep. If I made that much money I would expect and be willing to pay more in taxes.

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