GOP Decries Class Warfare on the Tragically Rich
Judging from the furious reaction of some of the gilded-class crowd and their Republican protectors, billionaire Warren Buffett struck a nerve with his plea to Congress to "stop coddling the super-rich." Former American Express CEO Harvey Golub and Tea Party sugar daddy Charles Koch were quick to protest respectively "the unfair way taxes are ... (more)
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#1 Aug 23, 2011
It is time that the super wealthy start paying there share or either take away all the neat little hiding places that they stick it in to keep from paying taxes. The hard working men and women in this country deserve to have something. Most of the super rich elite group have made it off the backs of Small Fry Americans who needed to work to feed families. This group is the first to gripe about how they will lose their way of life. Nothing wrong with living like the other 97% of America has to. It's time you had a wake up call and maybe have to work hard for your money. Don't come crying to the 97% that lives life almost from paycheck to paycheck. We are tired of carrying your load for you just to make more money that you cannot take with you when you die and your money will not help you at all if the country goes belly up either going broke or natural disaster. Least I will be able to feed my family if that happens. Do you even know what it takes to survive on little or nothing.
#2 Aug 23, 2011
The top 5% of wage earners in this country pay almost 70% of the taxes! And you think they're not paying their fair share?? Wake up!!
Out of control spending is the problem with Government!! Don't be do naive and believe the class warfare screed, it's ridiculous!
#3 Aug 23, 2011
ok, I grant you the power to raise the tax rates for "everybody who makes money off the backs of the deserving working class".
Explain how that will create jobs.
You're going to steal money from the rich and start new government companies?
You're going to compete with 20 cent/hr labor rates in Southeast Asia by raising the minimum wage to $20/hr???
You're going to tell the Fed and Treasury to issue new fake trillions in "stimulus" cash so Wells, BofA, Goldman Sachs and bond traders can pump up their markets so they can sell new bubbles to 401k investors?
You're not too bright, I like that in a progressive bleeding brain liberal.
#4 Aug 25, 2011
While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we megarich continue to get our extraordinary tax breaks. Some of us are investment managers who earn billions from our daily labors but are allowed to classify our income as 'carried interest,' thereby getting a bargain 15 percent tax rate. Others own stock index futures for 10 minutes and have 60 percent of their gain taxed at 15 percent, as if they'd been long-term investors....
Last year about 80 percent of [federal] revenues came from personal income taxes and payroll taxes. The megarich pay income taxes at a rate of 15 percent on most of their earnings but pay practically nothing in payroll taxes. It's a different story for the middle class: typically, they fall into the 15 percent and 25 percent income tax brackets, and then are hit with heavy payroll taxes to boot....
Last year my federal tax bill ... was $6,938,744. That sounds like a lot of money. But what I paid was only 17.4 percent of my taxable income -- and that's actually a lower percentage than was paid by any of the other 20 people in our office. Their tax burdens ranged from 33 percent to 41 percent and averaged 36 percent.
#5 Sep 8, 2011
Thank the gods The Feds. do not know how to put a Tax or Fee on Air,or they would try to make us pay to take a breath...
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