Okay, now hopefully I wont get a bunch of replies here from people trying to make me feel ignorant..
With that being said.. I dont know much about the tax increase, so Im going to ask everyone here. Isnt this for people making over $250,000 per year? is that considered upperclass?
I already pay 44% of my checks to the gov. About 23% goes to federal and the rest to state and soc. sec. Isnt this tax increase for the folks making over 250k a yr, proposing to deduct 50% just for federal?
If this is true, how is taking 1/2 of my check off the top going to help me? I dont understand this type of thinking..
It is hard to care about people who make $250K when you don't care about people that make $50k.
Nobles Need Not Pay Taxes
And to be honest, I feel for a guy like you. You work your fucking ass off for your money.
Read this:
Nobles Need Not Pay Taxes
ThomHartmann.com - Nobles Need Not Pay Taxes
This is more than just a tax cut story. It's about a fundamental shift in power and wealth from average people and the governments they had formed to represent them, to the capture of those governments and economic enslavement of their people by corporate aristocracies.
Corporations are taxed because they use public services, and are therefore expected to help pay for them - the same as citizens.
Corporations make use of a work force educated in public schools paid for with tax dollars. They use roads and highways paid for with tax dollars. They use water, sewer, and power and communications rights-of-way paid for with taxes. They demand the same protection from fire and police departments as everybody else, and enjoy the benefits of national sovereignty and the stability provided by the military and institutions like NATO and the United Nations, the same as all residents of democratic nations.
In fact, corporations are heavier users of taxpayer-provided services and institutions than are average citizens. Taxes pay for our court systems, which are most heavily used by corporations to enforce contracts. Taxes pay for our Treasury Department and other governmental institutions which maintain a stable currency essential to corporate activity. Taxes pay for our regulation of corporate activity, from assuring safety in the workplace to a pure food and drug supply to limiting toxic emissions.
Under George W. Bush, the burden of cleaning up toxic wastes produced by corporate activity has largely shifted from polluter-funded Superfund and other programs to taxpayer-funded cleanups (as he did in Texas as governor there before becoming President).
Every year, millions of cases of cancer, emphysema, neurological disorders, and other conditions caused by corporate pollution are paid for in whole or in part by government funded programs from Medicare to Medicaid to government subsidies of hospitals, universities, and research institutions funded by tax dollars through the NIH and NIMH.
Because it's well understood that corporations use our tax-funded institutions at least as heavily as do citizens, they've traditionally been taxed at similar rates. For example, the top corporate tax rate in the US was 48% during the Carter administration, down from the a peak of 53% during the Eisenhower and Kennedy years.
Today it stands at 35%, but in May of 2001 Bush administration Treasury Secretary Paul O'Neill suggested there should be no corporate income tax whatsoever. This was the opening salvo in a very real war to have working people bear all the costs of the commons and governance, while the wealthy corporate elite derive most of its benefits.
And, as George H.W. Bush pointed out when he was president, this isn't just an American phenomenon. It's a New World Order.