Everybody needs to pay more in taxes

Posted in the Owensboro Forum

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Castle

Owensboro, KY

#1 Dec 7, 2012
Why just go after the rich? The proposed tax hike will only fund the government for 8.5 days! Raise every bracket if you really want to make a dent in something. Also, must cut spending. A 10% across the board cut along with increased taxes for ALL Americans is the only way out. This also stops the class warfare being waged on BOTH sides of the isle.

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65rolyatwr

United States

#2 Dec 7, 2012
don't give the dims any ideas...

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Castle

Owensboro, KY

#3 Dec 7, 2012
65rolyatwr wrote:
don't give the dims any ideas...
I just want to hear the excuses now. If they are going to raise my taxes why not everybody? I have said before that I will pay whatever I have to pay. I just don't like how they use my money. I read yesterday that on California, the folks that make over $250,000 will soon be paying over 52% of their income to taxes! The government wants to keep over half of the money these people earn! That us socialism in the beginning stages. We are heading there fast.

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Castle

Owensboro, KY

#4 Dec 7, 2012
That is so funny. No replies just the childish "judging " icons! They have nothing to combat that with, which is what I thought!

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65rolyatwr

United States

#5 Dec 7, 2012
I fail to understand their infatuation with those judging icons. They have been raising taxes, and will continue to as much as they can get away with.

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well

Owensboro, KY

#6 Dec 7, 2012
You can't raise taxes on those that barely have enough to get by. The average family income in Owensboro is around $40,000, cut that down to $20,000 and the economy will go belly up. No more presents for Junior at Christmas!
faultycomparison s

Princeton, KY

#7 Dec 7, 2012
Castle wrote:
Why just go after the rich? The proposed tax hike will only fund the government for 8.5 days! Raise every bracket if you really want to make a dent in something. Also, must cut spending. A 10% across the board cut along with increased taxes for ALL Americans is the only way out. This also stops the class warfare being waged on BOTH sides of the isle.
First, the very wealthiest pay a tax rate of 14% if they pay taxes at all. The middle class tax rate is at least 20%. So when you put across the board tax increase, you only punish the middle class. The richest Americans should pay as much as the middle class.

“Don't read what's to the right”

Level 8

Since: Aug 11

Owensboro, KY

#8 Dec 7, 2012
Castle wrote:
Why just go after the rich? The proposed tax hike will only fund the government for 8.5 days! Raise every bracket if you really want to make a dent in something. Also, must cut spending. A 10% across the board cut along with increased taxes for ALL Americans is the only way out. This also stops the class warfare being waged on BOTH sides of the isle.
You can take ALL the money earned by the working class and not put much of a dent in it. The system was designed to fail.
I Thing

Madisonville, KY

#9 Dec 8, 2012
faultycomparisons wrote:
<quoted text>
First, the very wealthiest pay a tax rate of 14% if they pay taxes at all. The middle class tax rate is at least 20%. So when you put across the board tax increase, you only punish the middle class. The richest Americans should pay as much as the middle class.
They pay more. The average rich person pays more in taxes than the average poor person's total earnings.
tree rat

Bellevue, WA

#10 Dec 8, 2012
I pay 32%. Thats enuff. Taxes keep goin up, yet nothing gets better. Im for a flat tax. Get rid of the rest, go with a flat tax that will not raise taxes on the middle class. That way, everyone that spends money pays in. Its astounding the amount of people who dont pay taxes. With a flat tax, if you wanna pay less in, control your spending. Of course, i get the feeling the more money you give the goverment, the bigger mess they will make.

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Level 1

Since: Sep 12

Location hidden

#11 Dec 8, 2012
The problem isn't in taxes we pay in. The problem has alot to do with government spending/splurging. The countless fringe benifits they have not to mention the outrageous salaries for a congress person. Cut their pay and make them drive their own vehicles and pay for their own gas and eliminate the "business lunches" and other "expenses" that the average American is paying for. This will never happen because who controls government spending? The government duh.
your name here

Owensboro, KY

#12 Dec 8, 2012
Castle wrote:
<quoted text> I just want to hear the excuses now. If they are going to raise my taxes why not everybody? I have said before that I will pay whatever I have to pay. I just don't like how they use my money. I read yesterday that on California, the folks that make over $250,000 will soon be paying over 52% of their income to taxes! The government wants to keep over half of the money these people earn! That us socialism in the beginning stages. We are heading there fast.
They are not going to just be raising your taxes. It would only apply to those making over $250,000 per year. No banker with only 5 years exp is not making over $250,000.
Castle

United States

#13 Dec 8, 2012
your name here wrote:
<quoted text>
They are not going to just be raising your taxes. It would only apply to those making over $250,000 per year. No banker with only 5 years exp is not making over $250,000.
I have been in banking since 1990. I do fine sir, thank you very much. My wife also has a good job and we have farms that we own as well as a partner in several oil wells. Not sure why you think you know so much but you don't. I do notice from your other posts that you seem to get off track on the subject at hand quite often. I believe we were discussing raising taxes on everyone. Even the far left Howard dean has come out in the last few days and said the same thing.

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Truth

Madisonville, KY

#14 Dec 8, 2012
A flat tax rate across the board is needed. Not one based on income. It made me sick when I learned what percentage Romney (upper class) pays in versus what I do (middle class). The upper class has no need for tax breaks. Period.

Level 1

Since: Jun 12

United States

#15 Dec 8, 2012
Castle wrote:
Why just go after the rich? The proposed tax hike will only fund the government for 8.5 days! Raise every bracket if you really want to make a dent in something. Also, must cut spending. A 10% across the board cut along with increased taxes for ALL Americans is the only way out. This also stops the class warfare being waged on BOTH sides of the isle.
I agree with almost everything you've said. I would gladly pay a slightly higher tax rate if it meant putting our nation on a more sound financial footing. Yes, we need to spend much less, but I don't agree to across-the-board cuts - each expenditure should stand on its own merits and be prioritized.
Castle

United States

#16 Dec 8, 2012
Truth wrote:
A flat tax rate across the board is needed. Not one based on income. It made me sick when I learned what percentage Romney (upper class) pays in versus what I do (middle class). The upper class has no need for tax breaks. Period.
They are called deductions. The reason why they are in place is to serve as incentives for people that have the ability to use their funds to invest. They also use deductions to create jobs. Most people that have money earned it. Penalizing people with money and this fair share noise is crap. The government blows way more money in a day than they will ever collect from this war on rich people. Cut waste first then if you need more look to the wealthy along with the rest of Americans to pitch in.

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Level 1

Since: Jun 12

United States

#17 Dec 8, 2012
Castle wrote:
<quoted text>They are called deductions. The reason why they are in place is to serve as incentives for people that have the ability to use their funds to invest. They also use deductions to create jobs. Most people that have money earned it. Penalizing people with money and this fair share noise is crap. The government blows way more money in a day than they will ever collect from this war on rich people. Cut waste first then if you need more look to the wealthy along with the rest of Americans to pitch in.
There should be deductions available for those who actually create living wage jobs but lower rates with the mere hope that it will create jobs is folly.
your name here

Owensboro, KY

#18 Dec 8, 2012
Castle wrote:
<quoted text> I have been in banking since 1990. I do fine sir, thank you very much. My wife also has a good job and we have farms that we own as well as a partner in several oil wells. Not sure why you think you know so much but you don't. I do notice from your other posts that you seem to get off track on the subject at hand quite often. I believe we were discussing raising taxes on everyone. Even the far left Howard dean has come out in the last few days and said the same thing.
Why does your wife have to work if you are a true man?
your name here

Owensboro, KY

#19 Dec 8, 2012
Castle wrote:
<quoted text> They are called deductions. The reason why they are in place is to serve as incentives for people that have the ability to use their funds to invest. They also use deductions to create jobs. Most people that have money earned it. Penalizing people with money and this fair share noise is crap. The government blows way more money in a day than they will ever collect from this war on rich people. Cut waste first then if you need more look to the wealthy along with the rest of Americans to pitch in.
If there is a so called War on Rich People, news flash the rich have won.

Level 1

Since: Jun 12

United States

#20 Dec 8, 2012
your name here wrote:
<quoted text>If there is a so called War on Rich People, news flash the rich have won.
Yes - the wealthy have really had it rough:

If President Barack Obama is trying to spread the wealth, he doesn’t have much to show for it.
Republican Mitt Romney has attacked the president for supporting the use of government programs to redistribute income and for a free-spending response to the 2008 financial crisis.
Yet since Obama took office in January 2009, wealthy Americans have continued to pull away from the rest of society. In the aftermath of the recession, income inequality in the U.S. reached a new high in 2011, Census Bureau data show.
Even as the president has decried the hollowing out of the middle class, the fortunes of labor and capital have diverged on his watch. Quarterly corporate profits of $1.9 trillion have almost doubled since the end of 2008, while workers’ inflation- adjusted average hourly earnings have declined.
“At the very high end, people got a whole lot wealthier whereas income stagnated at other levels,” said Anne Mathias, director of Washington research for Guggenheim Securities LLC.“Fifty years ago, people talked about the other half, how the other half lived, and now we’re talking about the other 1 percent.”
The fairness debate erupted on Sept. 17 when Romney was heard on a secretly filmed video telling financial backers that the almost 47 percent of Americans who didn’t pay federal income tax last year believed they were entitled to free health care and food and refused to accept responsibility for their lives. A day later, a 1998 tape of then-State Senator Obama appeared in which he said,“I actually believe in redistribution, at least at a certain level, to make sure that everybody’s got a shot.”
Romney attacked the president for supporting “a foreign concept that’s never been part of the American experience.”

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