kwc57
BOHICA Obama
]Obama keeps pushing his "fair share" of taxes in his speeches. What is fair? Fair is a relative term which means different things to different people. There is no set rule for what one thinks is fair. Is it fair that over forty percent of potential taxpayers pay absolutley no taxes at all? They probably think that is fair. But, do people who pay all the taxes think that is fair? Probably not! Is it fair that people who make more the a million dollars a year pay the largest portion of the federal income taxes? You probably think it is fair but they think they are already paying more than their fair share. So, you can see this is a fruitless debate. It all comes down to there is no way for the government to raise people in lower income brackets to higher ones. Each individual can only do that themselves. Since government can not raise these people to higher levels, in their misguided thinking the only thing they can do is knock the higher income people down as far as they can through tax rates. That at best is un-American and at worst tyrannical government.
Do you mean income tax? Payroll tax? FICA tax? Sales tax?
Every millionares pay the same rate on the same amount of income as the poor folks. Time to treat long term capital gains as income. Recend the Bush tax cuts for all. Pass a balanced budget amendment with a plan to pay off the debt. Then we can talk about lowering taxes for everybody.
Considering that 47% of Americans pay no federal income tax, I'm sure there are plenty of millionaires who would jump at that deal. I would, and I'm not even a millionaire.