Thread: OMG! Limbaugh nails the liberal interpretation of "The Rich"

Originally Posted by aboutenough

The rich or 5% pay most of the taxes now. I wondered how much taxes would be enough to pay their fair share. When would it stop , 40% 50%? Its really not fair to tax one group for the whole country. I think its more fair to have a flat tax. It really should be about every American paying their fair share, not just one group. If all taxes were shared by the entire country then maybe we could support all the entitlements and budgets we are currently incurring. One group (rich) cannot finance the entire budget. I am sure there is a way the flat tax could be implemented so its fair for everyone.

This according to krauthammer;


source

.......Of course, this being Obama, there was a reach for grandeur. Hope and change are long gone. It’s now equality and fairness.

That certainly is a large idea. Lenin and Mao went pretty far with it. As did Clement Attlee and his social-democratic counterparts in postwar Europe. Where does Obama take it? Back to the decade-old Democratic obsession with the Bush tax cuts, the crusade for a tax hike of all of 4.6 points for 2 percent of households — 10 years of which wouldn’t cover the cost of Obama’s 2009 stimulus alone.......

Good article btw. I highly recommend reading it.

Originally Posted by Dutch

This according to krauthammer;


source



Good article btw. I highly recommend reading it.

It's all about the principle of class warfare, not the silly details that expose it's irrelevancy.

Spirit, science, and health.
by Thomas Plante, PhD Do we need religion to be ethical?While not essential, religion potentially helps people be and stay good.
Published on March 27, 2011 by Thomas G. Plante, Ph.D. in Do the Right Thing........

Seems to me this is an entirely uncontroversial hypothesis. So long as they are dealing with members of their own group, religious people in general are quite ethical. Some are better than that.

Originally Posted by Babba

Actually, federal tax rates are at historic lows. It's state and local taxes that are so high and they're quite regressive. Meaning that the poor pay a higher percentage of their income than the wealthy.




(The chart is from Institute on Taxation and Economic Policy)

So a flat federal income tax would only make things worse for the poor.

How does the poor pay more then the wealthy in state taxes? Most poor people rent rather then own homes. Home owners pay their taxes thru home taxes. i'm sure there is some taxes in the rent they pay, but thats variable. How do you figure the poor pay more then the rich? Doesn't make sense. Your scale shows the poor paying higher excise and sales tax. That is impossible. Poor people have less money therefore spend less, therefore less sales tax. Excise tax is based on amount of income for small business. That scale looks phony as well. Less income should be less excise taxes. I have a small business and pay excise taxes. Its taxes you collect from sales and pay the state and local cities, so its not really a tax to the person. Looks like another attempt to make the poor look like they are paying to much and the rich should pay for everything. Again everyone should pay their fair share. If we are going to continue to keep up the rate of spending we are currently doing , then we need to hike everyones taxes.

Originally Posted by Dutch

This according to krauthammer;


source





Good article btw. I highly recommend reading it.

I heard we would all have to give up our incomes 100% for one year to begin to pay off our debt. I check out the article , thanks

Originally Posted by aboutenough

How does the poor pay more then the wealthy in state taxes? Most poor people rent rather then own homes. Home owners pay their taxes thru home taxes. i'm sure there is some taxes in the rent they pay, but thats variable. How do you figure the poor pay more then the rich? Doesn't make sense. Your scale shows the poor paying higher excise and sales tax. That is impossible. Poor people have less money therefore spend less, therefore less sales tax. Excise tax is based on amount of income for small business. That scale looks phony as well. Less income should be less excise taxes. I have a small business and pay excise taxes. Its taxes you collect from sales and pay the state and local cities, so its not really a tax to the person. Looks like another attempt to make the poor look like they are paying to much and the rich should pay for everything. Again everyone should pay their fair share. If we are going to continue to keep up the rate of spending we are currently doing , then we need to hike everyones taxes.

Poor people pay sales tax, which affects them more because a higher percentage of their income is spent on taxable items. Renters pay property tax through their rent (that's where landlords get the money to pay RE taxes). Again, if poor people buy more things on which excise tax is charged, it makes up a larger part of their income than for a wealthier person. You are failing to account for percentages of income--you're thinking in absolute terms.

Originally Posted by Telecaster

"Probably"?!... That is my point. No investigations by the press up to this point. No facts. Only speculation by one or to commentators.

So what. She certainly makes a fraction of what Buffet makes. That's the point.