FACT CHECK: Are rich taxed less than secretaries?

[Henry Hawk]

So ... which president said this? ....

"We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and that’s crazy. [...] Do you think the millionaire ought to pay more in taxes than the bus driver or less?"

...............................

Ronald Reagan!!! June 6, 1985

Now, just in case you all think that he was misquoted, here's the video ....

http://www.youtube.com/watch?v=cgbJ-Fs1ikA&feature=player_embedded

Nobody is disputing those words either.  TAX LOOP HOLES is the key words.  I think ALL conservatives WANT to re-do the tax system.  IT does suck.

This proves to me, that the left does NOT understand the TEA PARTY movement AT ALL.   That is one of the main issues they dislike.....a corrupt system, in washington....not just the wreckless spending by our government, but the F'd up laws in our tax code...........they are sick of it all.

Reagan was 100% dead on RIGHT (as always)

[Bo D]

Nobody is disputing those words either.  TAX LOOP HOLES is the key words.  I think ALL conservatives WANT to re-do the tax system.  IT does suck.

This proves to me, that the left does NOT understand the TEA PARTY movement AT ALL.   That is one of the main issues they dislike.....a corrupt system, in washington....not just the wreckless spending by our government, but the F'd up laws in our tax code...........they are sick of it all.

Reagan was 100% dead on RIGHT (as always)

Doesn't closing tax loopholes on the rich equate to raising their taxes?

Isn't the title of this thread "Are rich taxed less than secretaries?"

Did you actually watch the video?

Didn't Reagan say "Do you think the millionaire ought to pay more in taxes than the bus driver or less?"


...............

Now I realize that is a lot of questions, but please try to answer all of them.

[Henry Hawk]

Doesn't closing tax loopholes on the rich equate to raising their taxes?

Isn't the title of this thread "Are rich taxed less than secretaries?"

Did you actually watch the video?

Didn't Reagan say "Do you think the millionaire ought to pay more in taxes than the bus driver or less?"


...............

Now I realize that is a lot of questions, but please try to answer all of them.

who said they should NOT pay their fair taxes?...........answer me that one?...........They need to pay a certain tax rate......and do away with the loop holes........not all businessmen have fancy lawyers to find those loopholes.........some of the hard working entreprenuers ARE paying more than their fair share.  People like Warren Buffet know HOW to take advantage of the system and NOT pay his fair share.

so NO, MOST of the rich do not pay less taxes than their secretaries do............do you really think they do?  seriously?

[damfast]

i am pretty sure i paid more than my secretary.  she always got a refund, it was a big deal.  I always paid at tax time, even when the kids were home.  i got a refund once for about 3 dollars. i dont think they ever did send me that.  i am calling someone. i want my three bucks.

[Exterminator]

so NO, MOST of the rich do not pay less taxes than their secretaries do............do you really think they do?  seriously?

The rich do not receive the majority of their compensation as salary and therefore pay a lower marginal rate on most of their income.  It really isn't difficult to understand.

[Exterminator]

This proves to me, that the left does NOT understand the TEA PARTY movement AT ALL.

Sure we do; it's people like you who don't.  One conservative who gets it explains it well here.

[Henry Hawk]

Read this for a better understanding of the conservatives regarding raising taxes:

From Walter Williams,


This year, Congress will spend $3.7 trillion dollars. That turns out to be about $10 billion per day. Can we prey upon the rich to cough up the money? According to IRS statistics, roughly 2 percent of U.S. households have an income of $250,000 and above. By the way, $250,000 per year hardly qualifies one as being rich. It's not even yacht and Learjet money. All told, households earning $250,000 and above account for 25 percent, or $1.97 trillion, of the nearly $8 trillion of total household income. If Congress imposed a 100 percent tax, taking all earnings above $250,000 per year, it would yield the princely sum of $1.4 trillion. That would keep the government running for 141 days, but there's a problem because there are 224 more days left in the year.

How about corporate profits to fill the gap? Fortune 500 companies earn nearly $400 billion in profits. Since leftists think profits are little less than theft and greed, Congress might confiscate these ill-gotten gains so that they can be returned to their rightful owners. Taking corporate profits would keep the government running for another 40 days, but that along with confiscating all income above $250,000 would only get us to the end of June. Congress must search elsewhere.

According to Forbes 400, America has 400 billionaires with a combined net worth of $1.3 trillion. Congress could confiscate their stocks and bonds, and force them to sell their businesses, yachts, airplanes, mansions and jewelry. The problem is that after fleecing the rich of their income and net worth, and the Fortune 500 corporations of their profits, it would only get us to mid-August. The fact of the matter is there are not enough rich people to come anywhere close to satisfying Congress' voracious spending appetite. They're going to have to go after the non-rich.

[me]

Sure we do; it's people like you who don't.  One conservative who gets it explains it well here.

Hum, and look who owns the domain for 24ahead: http://www.crunchbase.com/person/chris-kelly
I don't believe he would be classed as a conservative.  And gosh, imagine this he writes for the Huffington Post too:  http://www.huffingtonpost.com/chris-kelly  Well, so much for your "conservative" explanation huh?  Seems to me all you've found is another bunch of liberal garbage and tried to make it pass.  Like you tell HH and me all the time...check out your sources a little better.....a liberal blog trying to pass themselves off as conservative just ain't gonna cut it.

[Exterminator]

Hum, and look who owns the domain for 24ahead: http://www.crunchbase.com/person/chris-kelly
I don't believe he would be classed as a conservative.  And gosh, imagine this he writes for the Huffington Post too:  http://www.huffingtonpost.com/chris-kelly  Well, so much for your "conservative" explanation huh?  Seems to me all you've found is another bunch of liberal garbage and tried to make it pass.  Like you tell HH and me all the time...check out your sources a little better.....a liberal blog trying to pass themselves off as conservative just ain't gonna cut it.

Ok, you got me.  Now can you dispute what he's saying or...

...if ya can't dispute their point then demonize and name call.

[me]

Ok, you got me.  Now can you dispute what he's saying or...

[Quote from: me on October 07, 2011, 12:39:54 PM

    ...if ya can't dispute their point then demonize and name call.]

I will dispute what he's saying because I don't revert to juvenile name calling and demonizing.  I will do it later when I have time to read thru it and do it properly.  I have plans for this evening and need to get ready to go.   

[The Troll]

I will dispute what he's saying because I don't revert to juvenile name calling and demonizing.  I will do it later when I have time to read thru it and do it properly.  I have plans for this evening and need to get ready to go.   

  Aren't you glad to be living in America on your Social Security, your Medicare and your husband's pension so you can go out this evening.

  Just think "ME" if it wasn't for the Democrats you wouldn't have a pot to piss in, or a window to throw it out and speaking German.    The Democrats made it possible to have unions and the unions made the middle class.      It sure wasn't the Republicans. 

[me]

  Aren't you glad to be living in America on your Social Security, your Medicare and your husband's pension so you can go out this evening.

  Just think "ME" if it wasn't for the Democrats you wouldn't have a pot to piss in, or a window to throw it out and speaking German.    The Democrats made it possible to have unions and the unions made the middle class.      It sure wasn't the Republicans. 

Yes grasshopper I certainly am glad to have that SS that I also paid into at the maximum amount for quite a few years and, as I stated in another post, would be getting more pr. month in interest if it had been banked into a savings account all those years.

[Exterminator]

Yes grasshopper I certainly am glad to have that SS that I also paid into at the maximum amount for quite a few years and, as I stated in another post, would be getting more pr. month in interest if it had been banked into a savings account all those years.

If...

[Henry Hawk]

  Aren't you glad to be living in America on your Social Security, your Medicare and your husband's pension so you can go out this evening.

  Just think "ME" if it wasn't for the Democrats you wouldn't have a pot to piss in, or a window to throw it out and speaking German.    The Democrats made it possible to have unions and the unions made the middle class.    It sure wasn't the Republicans. 

Yeah, I'm REAL happy that the democrats spent all of my SS..........so I'm screwed because of BIG FREAKIN Government and the liberal, entitlement mentality.......

THANKS GUYS!

[Exterminator]

LOL!  The democrats...the republicans weren't complicit at all; huh?  Partisan fool.