Rats tax

[georgephillip]

Last week in Ohio over 130 activists met to discuss alternatives to the Republicans AND Democrats efforts to maintain a thirty year tilt in favor of the richest 10% of Americans when it comes to tax policy.

"The program offered and discussed at the ELN conference was dubbed the 'RATS Tax Program,' an acronym that stands for 'Reverse the American Tax Shift' of the past 30 years.

"The shift has occurred on three levels. For one, in the personal income tax - from the 'top 10 percent' wealthy households and investors enjoying capital gains, dividends, carrying interest, and rental income, to the 100 million 'bottom 90 percent' households, whose income is almost exclusively 'earned from wages, salaries and pensions.'

"Since 1980, a tax shift in favor of capital incomes benefiting the top 10 percent households - together with a 50 percent decline in tax incomes from the corporate income tax (from about 20 percent to 10 percent of federal tax revenues), and a doubling of payments into the payroll tax (from roughly 20 percent to 40 percent of federal tax revenues) - has resulted in a total annual shift in income by 2011 approaching $1 trillion a year.

"In other words, a 'Great American Tax Shift.'"

Republicans AND Democrats are making the choice very clear:

The continued prosperity of the richest 10% of Americans will come at the expense of social wages, i.e., Social Security, Medicare and Medicaid.

And then what?

Emergency Labor Network Crafts Program to Reverse the American Tax Shift | Truthout

 

[shintao]

Well, if we could enter homes and crush nuts of lazy fucking Americans stuck to their couches who don't work and don't vote, you might turn this country around. Anything less won't work.

 

[California Girl]

Good idea, let's make the tax 'fair'. Poor people can stop soaking up other people's money.

 

[shintao]

Good idea, let's make the tax 'fair'. Poor people can stop soaking up other people's money.

That might them more responsible Americans at the voters booth, if you cut off the chow wagon...........LOL!

 

[georgephillip]

Good idea, let's make the tax 'fair'. Poor people can stop soaking up other people's money.

That might them more responsible Americans at the voters booth, if you cut off the chow wagon...........LOL!

Specifically....how do you feel about the following?

"Repeal the Bush tax cuts on all capital incomes (capital gains, dividends, interest, inheritance) and related corporate tax cuts for accelerated depreciation and credits.

"Restore the capital gains and dividends tax rates, from their current 15 percent to their levels of 70 percent in 1980.

"Restore the top income bracket personal income tax rate to the 70 percent from 1980.

"End tax loopholes for corporations and millionaires.

"Lift the annual income cap on the Social Security payroll tax for all earned income (wages and salaries) above its current $106,800 ceiling. Extend the 12.4 percent payroll tax to all capital incomes over $100,000 per year. (Note: per the Social Security Trustees, this would provide 150 percent of what is needed to resolve all funding issues for Social Security retirement and disability benefits.)"

Emergency Labor Network Crafts Program to Reverse the American Tax Shift | Truthout

 

[St.Blues]

Good idea, let's make the tax 'fair'. Poor people can stop soaking up other people's money.

Those slouches you mention have been developed by the Democrats for the sake of votes.
They like public union members get the check no matter what the economy is doing. These people don't know or care what the country is up against. Thus.. as they say, I'm a Democrat.

 

[California Girl]

Good idea, let's make the tax 'fair'. Poor people can stop soaking up other people's money.

That might them more responsible Americans at the voters booth, if you cut off the chow wagon...........LOL!

Added benefit.

 

[Moonglow]

Well, if we could enter homes and crush nuts of lazy fucking Americans stuck to their couches who don't work and don't vote, you might turn this country around. Anything less won't work.

Don't u feel better showing your totalanistic despotic style.

 

[Truthmatters]

Yeah we should have never given all that money to those lazy poor people when they crashed the world economy by gaming the our economy by writing all thoie sub primes and then packaging them off into securities and sold them to unspecting buyers to make a huge profit.......oh wait that wasnt the poor people who did that was it.

 

[Claudette]

Yeah we should have never given all that money to those lazy poor people when they crashed the world economy by gaming the our economy by writing all thoie sub primes and then packaging them off into securities and sold them to unspecting buyers to make a huge profit.......oh wait that wasnt the poor people who did that was it.

Your such an ass.

 

[georgephillip]

Well, if we could enter homes and crush nuts of lazy fucking Americans stuck to their couches who don't work and don't vote, you might turn this country around. Anything less won't work.

And at the same time we could repeal the Bush tax cuts on all capital incomes (capital gains, dividends, interest, inheritance).

 

[georgephillip]

Good idea, let's make the tax 'fair'. Poor people can stop soaking up other people's money.

And rich people can be helped to bring home some of the 4 trillion dollars they've socked away (mostly through tax cuts) in 27 offshore tax havens. If the rich refuse to repatriate, let's stick 'em with 10 percent penalties every ninety days until they do.

Or we could immediately parole all non violent drug offenders, and start filling this country's prisons with the richest 1% of criminals.

That's at least "fair."
(If not balanced)

 

[georgephillip]

Good idea, let's make the tax 'fair'. Poor people can stop soaking up other people's money.

Those slouches you mention have been developed by the Democrats for the sake of votes.
They like public union members get the check no matter what the economy is doing. These people don't know or care what the country is up against. Thus.. as they say, I'm a Democrat.

How have the rich been doing during the last three years?

"The globe's richest have now recouped the losses they suffered after the 2008 banking crisis. They are richer than ever, and there are more of them – nearly 11 million – than before the recession struck..."

"According to the annual world wealth report by Merrill Lynch and Capgemini, the wealth of HNWIs around the world reached $42.7tn (£26.5tn) in 2010, rising nearly 10% in a year and surpassing the peak of $40.7tn reached in 2007, even as austerity budgets were implemented by many governments in the developed world."

Gee....the rich succeed even more than firefighters, nurses and schoolteachers when the economy tanks.

That's what this planet is up against.

World's Wealthiest People Now Richer than Before the Credit Crunch | Common Dreams

 

[Soggy in NOLA]

Well, if we could enter homes and crush nuts of lazy fucking Americans stuck to their couches who don't work and don't vote, you might turn this country around. Anything less won't work.

Don't u feel better showing your totalanistic despotic style.

Hey, Einstein, I think the word you're searching for is totalistic.

 

[Soggy in NOLA]

Well, if we could enter homes and crush nuts of lazy fucking Americans stuck to their couches who don't work and don't vote, you might turn this country around. Anything less won't work.

And at the same time we could repeal the Bush tax cuts on all capital incomes (capital gains, dividends, interest, inheritance).

Or, perhaps you and your 47% brethren could start paying something.

 

[georgephillip]

Yeah we should have never given all that money to those lazy poor people when they crashed the world economy by gaming the our economy by writing all thoie sub primes and then packaging them off into securities and sold them to unspecting buyers to make a huge profit.......oh wait that wasnt the poor people who did that was it.

No, that was the richest 1% of Americans that did that.

"U.S. GDP has quintupled since 1980, and we all contributed to that success. It's not unreasonable to say that upper-middle class families should have maintained the same size of their slice of pie.

"But if earnings since 1980 were based on this measure of productiveness, the richest 1% of Americans would be making $1 trillion less per year.

"A trillion dollars a year. That's more than we spend on the entire military.

"A trillion dollars a year. That's seven times more than the budget deficits of all 50 states combined. Many states have been forced to cut police forces and teachers to balance their budgets.

"A trillion dollars a year. Yet Congress just voted to continue the Bush tax cuts.

"The richest 1% ($400,000 or more) didn't work harder than the rest of us. They profited from stock market gains, shrewdly designed financial instruments, and tax cuts."

Ready for the bad news?
They want M-O-R-E!

The Big Obscenity: A Trillion Dollars a Year to the Richest 1% | Common Dreams

 

[georgephillip]

Well, if we could enter homes and crush nuts of lazy fucking Americans stuck to their couches who don't work and don't vote, you might turn this country around. Anything less won't work.

And at the same time we could repeal the Bush tax cuts on all capital incomes (capital gains, dividends, interest, inheritance).

Or, perhaps you and your 47% brethren could start paying something.

Why stop with Social Security recipients?

"End multinational corporations' offshore tax fraud. Make multinational corporations bring back their $1 trillion current cash hoard in their offshore subsidiaries and pay their 35 percent tax. If they refuse, place a 50 percent tariff on all their imported goods to the United States."

Emergency Labor Network Crafts Program to Reverse the American Tax Shift | Truthout

 

[ShackledNation]

Eliminate all taxes if you worry about transfer of wealth from the rich to the poor or the poor to the rich. I say abolish all federal taxes and have the states choose their tax policy. The Federal government could then collect a portion of the state's revenue dependent on population of each state. I would favor a LOW, FLAT, sales tax on all items (FAIR tax does not fit this description).

 

[gautama]

Yeah we should have never given all that money to those lazy poor people when they crashed the world economy by gaming the our economy by writing all thoie sub primes and then packaging them off into securities and sold them to unspecting buyers to make a huge profit.......oh wait that wasnt the poor people who did that was it.

Your such an ass.

The Obamarrhoidal TruthDoesn'tMatter can't help it........she's hopelessly stupid.

 

[Toddsterpatriot]

Good idea, let's make the tax 'fair'. Poor people can stop soaking up other people's money.

That might them more responsible Americans at the voters booth, if you cut off the chow wagon...........LOL!

Specifically....how do you feel about the following?

"Repeal the Bush tax cuts on all capital incomes (capital gains, dividends, interest, inheritance) and related corporate tax cuts for accelerated depreciation and credits.

That would be one way to guarantee Obama loses by a record margin.
I think we should allow immediate, 100% expensing.

"Restore the capital gains and dividends tax rates, from their current 15 percent to their levels of 70 percent in 1980.

The maximum capital gains rate in 1980 was 28%.

"Restore the top income bracket personal income tax rate to the 70 percent from 1980.

"End tax loopholes for corporations and millionaires.

"Lift the annual income cap on the Social Security payroll tax for all earned income (wages and salaries) above its current $106,800 ceiling. Extend the 12.4 percent payroll tax to all capital incomes over $100,000 per year. (Note: per the Social Security Trustees, this would provide 150 percent of what is needed to resolve all funding issues for Social Security retirement and disability benefits.)"

How much more would Soc Sec have to pay out to those who "contributed" more?

Emergency Labor Network Crafts Program to Reverse the American Tax Shift | Truthout

Thanks, those guys are funny. I blame the public schools.