I'm for the 47% of Americans who currently pay no taxes actually paying something.
there is no 47% that pays no taxes, there is 45% that owes no federal income taxes, but by no means are they living in our country tax free.
I am for all of the thousands of people that make more than 50k to multi millions, that paid zero in income taxes to pay taxes and perhaps some of the child tax credit amounts out there could be reduced down to cover some more of the people making under 50k that do not owe income taxes, to owe some income taxes.
But in no way shape or form, do I think it is a good idea to raise income taxes on 50% -60% of americans, and THIS is What Cain's plan does.
Cain's plan raises taxes on the middle class and reduces taxes on the very wealthiest in the Nation....sorry, that is UNETHICAL in my book Bern...extremely unethical....
I meant federal income tax and should have been more specific in my post.....although it is commonly understood that the income tax is what liberals want to raise for those "millionaires" making more than $200K per year. The article I've posted below is far to long to post in it's entirety. I wish I could because I know most people with your mind set will just blow past it and never read it. It explains with facts from the government CBO and IRS the fallacies of Obama's "fair share" rhetoric. I do hope you read it.
Correcting President Obama's Myriad Tax Fallacies - Forbes
........"Now we see President Barack Obama engaged in this same game regarding federal tax policy and financing for a so-called jobs plan based on the same Keynesian theory that he just proved fallacious yet again, as has been proved over and over since the 1930s. Campaigning for reelection on Monday, Obama said:
“
Middle-class families shouldn’t pay higher tax rates than millionaires and billionaires. That’s pretty straightforward. It’s hard to argue against that. Warren Buffet’s secretary shouldn’t pay a higher tax rate than Warren Buffett. There is no justification for it. It is wrong that in the United States of America, a teacher or a nurse or a construction worker who earns $50,000 should pay higher tax rates than somebody pulling in $50 million. Anybody who says we can’t change the tax code to correct that….They should have to defend that unfairness—explain why somebody who’s making $50 million a year in the financial markets should be paying 15 percent on their taxes, when a teacher making $50,000 a year is paying more than that—paying a higher rate. They ought to have to answer for it.
Let me explain it to you, Mr. President. The truth is that the unfairness you discuss is a fantasy. The facts are just the opposite.
Even before you were elected, Mr. President, under the tax policies adopted by President Reagan, House Speaker Newt Gingrich and the much vilified President George Bush, official IRS data for 2007 showed that the top 1% of income earners paid more in federal income taxes than the bottom 95% combined! The top 1% of income earners that year earned 22% of income but paid 40.4% of total income taxes. When Reagan became president, the top 1% paid 17.4% of income taxes, as I note in my recent book, America’s Ticking Bankruptcy Bomb. As Jack Kemp used to say, if you want to soak the rich, cut tax rates. Moreover, nearly the entire bottom 50% of income earners now pay no federal income tax on net as a group.
So if “the rich” are not paying their fair share, Mr. President, what would that fair share be? Based on these official facts, for you to run around the country telling America that we could have jobs and balance the budget and solve the debt crisis you are creating if the rich would just pay their fair share of taxes only demonstrates that you fundamentally do not understand the country that was so generous and kindhearted to elect you President without really knowing you.
As the Wall Street Journal further explained Tuesday, in 2008 official IRS data showed that taxpayers earning over $1 million paid an average federal income tax rate of 23.3%. Those earning between $500,000 and $1 million paid an average federal tax rate of 24.1%. As the Journal further elaborated, “that is more than twice the 8.9% average rate paid by those earning between $50,000 and $100,000, and more than three times the 7.2% average rate paid by those earning less than $50,000. The larger point is that the claim that CEOs are routinely paying lower rates than their secretaries is Omaha hokum.”"...........