R
rdean
Guest
On Morning Joe, Tom Brokaw said in 1980, the largest annual income the government tracked was 24 million a year and that last year, the largest was 280 million a year. And he said those wealthy pay much less in taxes.
Some have complained the rich will take their money and run. This turns out to be "not true".
Millionaire Tax Didnt Chase the Rich From New Jersey, Study Says - The Wealth Report - WSJ
But a new study focusing on New Jersey provides some of the most detailed evidence yet that so-called millionaire taxes have little effect on the movements of millionaires as a whole.
[ame=http://www.youtube.com/watch?v=sqIgb48iq6w&feature]The Agenda Project: Patriotic Millionaires' Message to Congress "Tax Me" - YouTube[/ame]
In November, 2010 more than 100 of the countrys most financially successful citizens came together to urge the President to let the Bush era tax cuts expire for people making more than $1 million a year. An outpouring of public support encouraged them to continue their fight.
Patriotic Millionaires For Fiscal Strength
So why did Obama extend the Bush tax cuts when clearly he didn't want to? From the Christian Science Monitor report, it's clear that the unemployment benefits for millions of Americans were being held hostage unless the unwanted Bush Tax cuts are extended.
Unemployment benefits extended in tax-cut deal - CSMonitor.com
Brushing past opposition in his own party, President Barack Obama announced agreement with Republicans Monday night on a plan to extend expiring income tax cuts for all Americans, renew jobless benefits for the long-term unemployed and grant a one-year reduction in payroll taxes.
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All of the Republican Nominees raised their hands in a pledge to the ultra rich that they will never be asked to share the burden of supporting this country. Fighting this extreme and unfair agenda is what Obama must make central to his campaign.
It was also suggested during Morning Joe, that Paul Ryan, author of the Republican plan to cut Medicare was also thinking of throwing his hat into the race.
Some have complained the rich will take their money and run. This turns out to be "not true".
Millionaire Tax Didnt Chase the Rich From New Jersey, Study Says - The Wealth Report - WSJ
But a new study focusing on New Jersey provides some of the most detailed evidence yet that so-called millionaire taxes have little effect on the movements of millionaires as a whole.
[ame=http://www.youtube.com/watch?v=sqIgb48iq6w&feature]The Agenda Project: Patriotic Millionaires' Message to Congress "Tax Me" - YouTube[/ame]
In November, 2010 more than 100 of the countrys most financially successful citizens came together to urge the President to let the Bush era tax cuts expire for people making more than $1 million a year. An outpouring of public support encouraged them to continue their fight.
Patriotic Millionaires For Fiscal Strength
So why did Obama extend the Bush tax cuts when clearly he didn't want to? From the Christian Science Monitor report, it's clear that the unemployment benefits for millions of Americans were being held hostage unless the unwanted Bush Tax cuts are extended.
Unemployment benefits extended in tax-cut deal - CSMonitor.com
Brushing past opposition in his own party, President Barack Obama announced agreement with Republicans Monday night on a plan to extend expiring income tax cuts for all Americans, renew jobless benefits for the long-term unemployed and grant a one-year reduction in payroll taxes.
------------------------------------------------------
All of the Republican Nominees raised their hands in a pledge to the ultra rich that they will never be asked to share the burden of supporting this country. Fighting this extreme and unfair agenda is what Obama must make central to his campaign.
It was also suggested during Morning Joe, that Paul Ryan, author of the Republican plan to cut Medicare was also thinking of throwing his hat into the race.
