FACT CHECK: Are rich taxed less than secretaries?

[me]

  Ex, I asked Henery to answer one question.  I  asked him what bill,  what action, law that the Republican Party passed that was for the betterment of the American work classes.  No tax cut need to be given.   Cricket, cricket, cricket.

  Do you think that Hawk is not informed or not smart enough to answer it.   

It's not that he isn't smart enough to answer it's that you aren't smart enough to understand it. 

[Palehorse]

. . .by Stephen Ohlemacher
WASHINGTON – As millions of procrastinators scramble to meet Monday's tax filing deadline, ponder this: The super rich pay a lot less taxes than they did a couple of decades ago, and nearly half of U.S. households pay no income taxes at all.

The Internal Revenue Service tracks the tax returns with the 400 highest adjusted gross incomes each year. The average income on those returns in 2007, the latest year for IRS data, was nearly $345 million. Their average federal income tax rate was 17 percent, down from 26 percent in 1992.

Over the same period, the average federal income tax rate for all taxpayers declined to 9.3 percent from 9.9 percent.

The top income tax rate is 35 percent, so how can people who make so much pay so little in taxes? The nation's tax laws are packed with breaks for people at every income level. There are breaks for having children, paying a mortgage, going to college, and even for paying other taxes. Plus, the top rate on capital gains is only 15 percent.
. . .

http://www.progressiveradionetwork.com/economic-news/2011/4/18/stephen-ohlemacher-super-rich-see-federal-taxes-drop-dramati.html

. . . And before you trash the "source", it's the AP, and it was carried by one of "your" favorite sources "yahoo". . . Published on Sunday, April 17, 2011 by Associated Press

So it begs the question; which is it Stevie? Or is it that you are such a whore for money that you'll write anything that gains you an audience? 

Humm. . . same guy but different approach back in April of this year. . .

[The Troll]

  Just think if we paid everybody minimum wage $7.25 under people making a Million dollars a year.  Just think how much richer we could make the Super Rich richer.   

  I had better keep this idea to myself.  The Tea/Republican Party have this idea in the Republican platform.   

[Exterminator]

http://www.progressiveradionetwork.com/economic-news/2011/4/18/stephen-ohlemacher-super-rich-see-federal-taxes-drop-dramati.html

. . . And before you trash the "source", it's the AP, and it was carried by one of "your" favorite sources "yahoo". . . Published on Sunday, April 17, 2011 by Associated Press

So it begs the question; which is it Stevie? Or is it that you are such a whore for money that you'll write anything that gains you an audience? 

Humm. . . same guy but different approach back in April of this year. . .

LMAO!  Wow...

[Henry Hawk]

Two words.......FAIR TAX

[Exterminator]

Two words.......FAIR TAX

Which means what?

[Henry Hawk]

Which means what?

http://www.fairtax.org/site/PageServer

[Exterminator]

http://www.fairtax.org/site/PageServer

Uh, yeah, I've read that and am all for a consumption based model for fair taxation (been saying that for years) but think that the prebate portion of this approach is unmanageable.  So the government is going to send checks to every household in the U.S. every month?  Think about it and consider all of the variables...

[Henry Hawk]

Uh, yeah, I've read that and am all for a consumption based model for fair taxation (been saying that for years) but think that the prebate portion of this approach is unmanageable.  So the government is going to send checks to every household in the U.S. every month?  Think about it and consider all of the variables...

I know it is not a "perfect" plan, but it is excellent start.....I wish this dialogue would get more serious on a National level.....it seems it is to many, but there several who are completely unaware of this possiblity....

[Anne]

Uh, yeah, I've read that and am all for a consumption based model for fair taxation (been saying that for years) but think that the prebate portion of this approach is unmanageable.  So the government is going to send checks to every household in the U.S. every month?  Think about it and consider all of the variables...

They send out thousands of checks every month. During WWII they had had rationing and everyone had a ration card. Now they could just load it on a debit card like they do welfare and food stamps and social security.

[Exterminator]

They send out thousands of checks every month. During WWII they had had rationing and everyone had a ration card. Now they could just load it on a debit card like they do welfare and food stamps and social security.

Something like that might work if the card keeps track of your tax free food allocation and charges tax on everything above that amount but if they try to actually disburse funds, people will figure out a way to game the system and it will be a train wreck.

[The Troll]

Something like that might work if the card keeps track of your tax free food allocation and charges tax on everything above that amount but if they try to actually disburse funds, people will figure out a way to game the system and it will be a train wreck.

  Ex, there is nothing FAIR about the FAIR TAX.  It's another way to protect the rich from paying taxes.  It was dreamed up by the rich.  I'm not stupid enough to fall for it and I hope the middle class doesn't fall for for it to.   

[Exterminator]

  Ex, there is nothing FAIR about the FAIR TAX.  It's another way to protect the rich from paying taxes.  It was dreamed up by the rich.  I'm not stupid enough to fall for it and I hope the middle class doesn't fall for for it to.

I disagree.  People with more money tend to spend more money, both by buying more and buying more expensive items, and would therefore pay more taxes.  They could, of course, avoid paying those taxes by simply spending less but most won't.  This type of system encourages saving and investing which also helps the economy.  I've always thought a national sales tax was a good idea.

[Anne]

Something like that might work if the card keeps track of your tax free food allocation and charges tax on everything above that amount but if they try to actually disburse funds, people will figure out a way to game the system and it will be a train wreck.

Couldn't there just be a set amount per person. Say, $100 per month for each person for food for example? That would cover the basics and if you wanted to eat sirloin or lobster every night you have to do that on your own.

[The Troll]

I disagree.  People with more money tend to spend more money, both by buying more and buying more expensive items, and would therefore pay more taxes.  They could, of course, avoid paying those taxes by simply spending less but most won't.  This type of system encourages saving and investing which also helps the economy.  I've always thought a national sales tax was a good idea.

  What do you do about the rich buying the jet planes from Brazil and their yachts from out of county sources.  Diamonds, if there is a way to get around the tax the rich has many professional to get it done.