Rats tax

Discussion in 'Politics' started by georgephillip, Jul 11, 2011.

  1. georgephillip
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    georgephillip Gold Member Supporting Member

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    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
     
  2. shintao
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    shintao Take Down ~ Tap Out

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    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.
     
  3. California Girl
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    Good idea, let's make the tax 'fair'. Poor people can stop soaking up other people's money.
     
  4. shintao
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    shintao Take Down ~ Tap Out

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    That might them more responsible Americans at the voters booth, if you cut off the chow wagon...........LOL!:lol:
     
  5. georgephillip
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    georgephillip Gold Member Supporting Member

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    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
     
  6. St.Blues
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    St.Blues BANNED

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    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.
     
  7. California Girl
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    California Girl BANNED

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    Added benefit.
     
  8. Moonglow
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    Moonglow Diamond Member

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    Don't u feel better showing your totalanistic despotic style.
     
  9. Truthmatters
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    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.
     
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  10. Claudette
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    Claudette Gold Member

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    Your such an ass.
     

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