Obama’s Tax Evaders of the Year. They support soaking the rich but find ways to stay

Wehrwolfen

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Obama’s Tax Evaders of the Year. They support soaking the rich but find ways to stay dry themselves.​



By Michelle Malkin
01/02/2013


President Obama will kick off the new year the same way that he kicked off the old year: by demanding that the wealthy pay their “fair share” in taxes. But while millions of small-business owners, struggling entrepreneurs, inventors, and investors brace for a double whammy of fiscal-cliff tax hikes and new Obamacare taxes, the class-warrior-in-chief’s richest pals are getting a pass.

It’s a golden pass for liberal millionaires and billionaires who support higher Obama taxes for everyone but themselves. Meet the Democratic tax evaders of the year.

Google. The left-wing Internet giant provided Silicon Valley’s biggest campaign-finance boost to Obama, with individual-employee donations supporting the tax-hiking candidate by a ratio of more than 31-to-1. Google rank-and-file workers pitched in some $800,000 to Obama. Google’s CEO Eric Schmidt, co-founder Sergey Brin, chief legal officer and senior vice president David Drummond, and vice president and chief Internet evangelist Vint Cerf are all vocal Obama supporters and top donors.

In December, Google’s Netherlands subsidiary disclosed in a tax filing that it had shifted nearly $10 billion in revenues to a Bermuda shell company. That’s “almost double the total from three years before,” according to Bloomberg News. In response to criticism, Google defended the scheme as a legal response to government incentives. “It’s called capitalism,” Schmidt snarked defiantly.

Wonder what all of Obama’s operatives and media lapdogs who bashed evil, selfish Republican offshore tax havens have to say about that? Cue crickets chirping.

** Google
** Washington Post
** Costco
** FaceBook
** George Lucas
** Andre “Dr. Dre” Young.

[Excerpt]

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Granny says, "Dat's right - keep taxin' dem rich folks till dey bring back the jobs dey outsourced...
:clap2:
Another Tax-the-Rich Plan Introduced in Congress
March 8, 2013 - Congressional liberals aren't done taxing wealthy Americans.
On Thursday, Sens. Bernie Sanders (I-Vt.) and Rep. Peter DeFazio (D-Ore.) introduced the "Keeping Social Security Promises Act," which asks the wealthiest Americans to "pay their fair share into the fund." "The people on top are doing phenomenally well," Sanders told a news conference on Thursday. "It is time to ask them to help us, in this case with making sure Social Security is there for our kids and grandchildren." The bill would require those with yearly incomes of $250,000 or more to pay the same 6.2 percent payroll tax that is currently assessed on those who earn up to $113,700 a year. "People are quite dependent upon Social Security now," DeFazio said, because they haven't been able to save enough money: "That's not going to change at any predictable time in the future."

DeFazio noted that more and more people are outliving their savings: "And they become more and more dependent on Social Security, even if they had pretty well provided for themselves, if they live to an older age." Sanders and DeFazio say the current funding system is "terribly unfair." "Right now an American that makes about $113,000 a year pays the same amount of money into the Social Security system as a millionaire or a billionaire. And that is because today all income above $113,000 is exempt from the Social Security payroll tax," Sanders explained. "As a result, 94 percent of Americans pay Social Security tax on all of their income, but the wealthiest 6 percent do not. And this is wrong."

Sanders argued against privatizing Social Security or reducing benefits: The solution to saving the Social Security program, he insisted, is to lift the cap on payroll taxes. "In other words 98.7 percent of American workers would not see their taxes go up by one dime under this bill."

According to Sanders, "This is an effort to raise taxes on the people who are doing phenomenally well, who are the most upper income people in America. I would just remind everybody, a fact that is not currently well reported, that the last study we have seen on income distribution in American suggests that between 2009 and 2011, 100 percent of all new income went to the top 1 percent, while the bottom 99 percent, including some pretty wealthy people, actually lost incomes." In his 2008 presidential campaign, Barack Obama argued against cutting Social Security benefits: He said adjusting the cap on payroll taxes was the way to go.

Another Tax-the-Rich Plan Introduced in Congress | CNS News
 

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