Government

DEM Congresswoman Proposes Law to Fill Out Brackets – TAX BRACKETS!

Another day in Washington DC, another ironically named piece of legislation is proposed.

Meet the Fairness In Taxation Act.

The current top tax bracket is 35%. The new Schakowsky tax brackets, for income starting at $1 million would be:

* $1-10 million: 45%
* $10-20 million: 46%
* $20-100 million: 47%
* $100 million to $1 billion: 48%
* $1 billion and over: 49%

That is just the Federal Income Tax rate being proposed.  We must remember that many Americans pay income tax on a state and local level. Cities and counties in Alabama, Arkansas, Colorado, DC, Delaware, Iowa, Indiana, Kentucky, Maryland, Missouri, New York, Ohio, Oregon and Pennsylvania all have individual income taxes.

If you combine the new rates with the individual state income taxes levied by 43 of the 50 states, top earners will easily eclipse the 50% taxation mark. And for people who live and work in New York City where the combined top personal tax rate is 12.62%, their rate would now pass 60%.

It is not as if these new taxes would dig us out of the massive deficit hole in which we are currently wallowing.  According to the very liberal organization Citizens for Tax Justice, the Fairness in Taxation Act would only raise about $79 billion if enacted in 2011.  The current estimate for the 2011 fiscal deficit is $1.267 TRILLION.  By collecting another $79 billion from wealthy people (who might otherwise spend that money on goods and services which might, in turn, create jobs for some of the million of unemployed), Schakowsky’s “fairness” tax barely dents the deficit.

When you are trying to sow the seeds of class warfare, the chant of ‘tax the rich’ may appeal to your base, but it is not a feasible solution.

According to a recent National Review story from Kevin D. Williamson, there are not enough rich people to tax away the deficit… even if we taxed them at 100%.  He makes some very clear points:

But say we wanted to balance the budget by jacking up taxes on Club 250K. That’s a problem: The 2012 deficit is forecast to hit $1.1 trillion under Obama’s budget. (Thanks, Mr. President!) Spread that deficit over all the households in Club 250K and you have to jack up their taxes by an average of $500,000. Which you simply can’t do, since a lot of them don’t have $500,000 in income to seize: Most of them are making $250,000 to $450,000 and paying about half in taxes already. You can squeeze that goose all day, but that’s not going to make it push out a golden egg.

He further clarifies with unimpeachable stats:

The Bush “tax cuts for the rich” cost the Treasury about $800 billion in forgone revenue; the Bush tax cuts for the middle class cost trillions – 2.2 of them, to be precise.

Williams’ piece concludes with this bit of brilliance:

there simply aren’t enough rich people for us to pillage or enough loot to make it all work. We have finally, as the lady predicted, run out of other people’s money.

And yet Congresswoman Schakowsky will continue with her folly. The Illinois Democrat and her nine co-sponsors (all Democrats) have proposed this piece of legislation claiming that they are only doing what a majority of the American people are asking them to do.  I wonder if she felt the same way when a majority of Americans were against the Healthcare Bill?

Here, for your edification, is the Congresswoman making her pitch for the new tax brackets.

Comments (137)

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  • victorincalifornia
    Posted on March 17, 2011 at 6:20pm

    Squeeze more (rich) peolpe for more revenue that still wont dent the defecit or debt. What’s blaring is her failure to mention spending, they don’t have a revenue problem, they have a spending problem. Hypothetical, lets soak the rich 100% of their income, if it doesn’t cover the debt then what would you cut. If it miraculously put us in the black what new programs would you institute, these people are out of control.

    Report Post »  
  • tomloy
    Posted on March 17, 2011 at 6:19pm

    Whats funny is tax revenues will drop. Someone needs to tell the feds millionaires can move to places with better tax laws. They also have tax attorneys who specialize is lowering income taxes.

    Report Post »  
  • thermonator
    Posted on March 17, 2011 at 6:17pm

    Please explain to me how raising taxes on the wealthy helps the middle class in anyway?

    What the democrats really want to do is spend other peoples money and expand the government in a compassionate non middle class kind of way.

    Report Post » thermonator  
  • RightPolitically
    Posted on March 17, 2011 at 6:17pm

    It’s in their DNA. Democrats are CRAZY!

    Report Post » RightPolitically  
  • UpstateNYConservative
    Posted on March 17, 2011 at 6:15pm

    “…The Illinois Democrat and her nine co-sponsors (all Democrats) have proposed this piece of legislation claiming that they are only doing what a majority of the American people are asking them to do…”

    Was this liberal elected by the majority of Americans, or only by the majority of a distinct Illinois Congressional district? Where do these Congresscritters get off saying stuff like this, by what authority dare they make such claims?

    It’s amazing–when tax cut referenda win, liberals take the results to court to try getting a judge to nullify the will of the people, then turn around and say the majority of Americans want taxes raised. This is either flat-out lying or a new form of insanity that needs an entry in the listing of the American Psychiactric Association.

    Hopefully, this FITA thing will never get out of committee, assuming it’s even considered in the first place.

    Report Post » UpstateNYConservative  
  • Danegeld
    Posted on March 17, 2011 at 6:12pm

    Dear Gtod, What hs America come too???

    BEN

    Report Post » Danegeld  
  • heavyduty
    Posted on March 17, 2011 at 6:08pm

    I really can’t believe that there is that many stupid people in AMERICA that would vote for Dumbascraps. Anyone voting for them should be forced to leave AMERICA because it is clear that they could care less about this country.

    Report Post »  
    • trolltrainer
      Posted on March 17, 2011 at 6:12pm

      This next election will be telling. If Obama wins and if the Senate remains in Dem control then this country will deserve what it gets and I am out of here. I have already made our escape plans, retirement beckons…

      Report Post »  
    • Nigel2
      Posted on March 17, 2011 at 6:42pm

      Heavyduty, you would not be Johny R. fro the front range of Colo. would you?

      Report Post » Nigel2  
  • tom0702
    Posted on March 17, 2011 at 6:07pm

    My bumper sticker:
    THE ROAD TO SOCIALISM IS
    LINED WITH PROGRESSIVE TAXES

    Report Post »  
  • OrdinaryCitizenForPresident.com
    Posted on March 17, 2011 at 6:06pm

    Ah, there’s another fine way to DESTROY our economy… scare off the business owners. That’s just BRILLIANT. Keep it up, progressives, and you’ll accomplish your goals of total control. You’ll be left ruling over a poor and desperate populace… except for yourselves.

    Report Post »  
  • TRVTH
    Posted on March 17, 2011 at 6:05pm

    The fallacy is the so called money forgone, it does not exist, and never will, RAISE taxes on the wealthy, and they quit producing and you get LESS tas revenue, so the 800 billion is a lie.

    After Bush cut the top rate from 39% to 36% the total actual dollars collected from this bracket went up, as well as the % of overall tax revenue, up from 86 % of all money collected to 89%.

    The original income tax was supposed to be not more than 7% of income.

    The richest of the rich only paid seven percent, while the average American paid one percent. Of course, it didn’t last. By the end of Wilson’s term the lowest bracket bumped up to four percent and the highest at 73 percent.

    President Harding decided to listen to Mellon. And from 1921 to 1926, Congress worked to reduce the top tax rates. Eventually they got to top rates down to 25 percent. The result: Tax revenues from the wealthiest taxpayers tripled. The national debt dropped from $24 billion to $18 billion

    So the rich paid more real money, with lower tax brackets, because they could create wealth, which creates demand and creates jobs, not the progressive downward spiral we are returning too.

    Report Post » TRVTH  
    • Non-sequitur
      Posted on March 17, 2011 at 9:01pm

      “RAISE taxes on the wealthy, and they quit producing and you get LESS tas revenue,”

      If you raise taxes beyond a certain point that may be true, but we’re not at that point yet. People in the highest tax bracket used to pay 94% of their income in taxes a while back and that didn’t destroy America or made all rich people leave, so I think we could safely raise the highest tax bracket to at least 90%.

      http://www.truthandpolitics.org/top-rates.php

      Report Post »  
    • 13th Imam
      Posted on March 17, 2011 at 10:19pm

      120% would be much better

      200% would be way better

      Report Post » 13th Imam  
    • drbage
      Posted on March 17, 2011 at 10:48pm

      Look to the O’s beloved Europe for answers. Most of the EU countries tax at 50%+ so many of the wealthy have a home in their country of origin, but their residence is in Monaco, Andorra, Lichtenstein, where there is no personal income tax. Here in the US, how many companies have their HQ(a post office box) in the Caribbean Islands? Why do most shipping companies register their vessels in Liberia?
      The answer will never be found in more taxes or higher taxes, it is only in smaller and more efficient government. Just thinking of taxes, the vast majority of Americans who file taxes do so electronically and the returns are verified electronically, however, the number of IRS employees has more than doubled over the past ten years. What are they all doing?

      Report Post »  
    • TRVTH
      Posted on March 18, 2011 at 8:50am

      Non-

      Are you serious, where did you get the idea 90% would not stop people from earning or shipping their income production overseas.

      In 1920 the rate was only 73% and the economy was crippled, cut the rate to 25% and the rich PAID 3 times more.

      Study Arthur Laffer, he says the top rate needs to be reduced more, and if you want to maximize tax revenue the bottom rate needs to increase, especially since nearly 50% of the adult population does not pay income taxes.

      If you want this country to grow and prosper, (something the progressive democrats are against) you need to cut taxes, eliminate corporate taxes, and open this nation to drilling for oil and gas, new nuclear power plants. The demand for construction and steel alone would create hundreds of thousands of jobs.

      Report Post » TRVTH  
    • progressiveslayer
      Posted on March 19, 2011 at 1:26pm

      @trvth You are correct about taxes,the more they raise the rates the less they take in.They didn‘t call it the roarin 20’s for nothing.

      Report Post » progressiveslayer  
  • curtmavi38
    Posted on March 17, 2011 at 6:02pm

    At least she came up with something, how about it congressmen and women search your brain maybe you can come up with something that will work, don’t be afraid,nothing ventured nothing gained. meh

    Report Post »  
  • Nigel2
    Posted on March 17, 2011 at 6:02pm

    OFF TOPIC:
    The thing I love the most about Glenn Beck?

    It is not just the truth he speaks, but the people he annoys with it:-) Stay in their crawl Glenn! HA!

    Report Post » Nigel2  
  • Psychosis
    Posted on March 17, 2011 at 5:59pm

    ahhhh perpetuation of the green eyes of envy

    eventually this will end, but sadly when it does, those who are at fault will exclaim……” its not our fault we dont have anymore rich people to give you jobs, we taxed them like you wanted and they stopped working. you should be mad at thoes lazy ex- rich people who dont want to so hard so we can tax them more and give it to you

    Report Post » Psychosis  
  • jackboydspeaksout
    Posted on March 17, 2011 at 5:59pm

    How about a politician who doesn’t ask for a raise to pay for their wasteful spending habits over the last 50 years.

    Report Post »  
  • antidonkey
    Posted on March 17, 2011 at 5:58pm

    or 12…

    Report Post »  
  • antidonkey
    Posted on March 17, 2011 at 5:58pm

    If you’re on first, I’m on second. It seems that the only thing our elected representatives do (certainly the democrats fall under this description) is find, invent, and magically spawn new taxes…. TO FURTHER BURDEN WE THE PEOPLE. Leave us alone and get out of way – that should be there focus. They destroy jobs evertime they conjure up a new tax. Less incentive to prosper and hire is all this translates into.

    Report Post »  
  • FreeWilly
    Posted on March 17, 2011 at 5:57pm

    Stephen King would be very unhappy with this bracket, it doesn’t reach the 50% that he want’s to pay!

    Report Post »  
  • My2
    Posted on March 17, 2011 at 5:55pm

    The blogger, Iowahawk, also has an interesting analysis of what it would take to make it through the year of the government’s budget in: Feed Your Family on $10 Billion a Day. Not sure if we are allowed to put links here so just do a search for iowahawk and you’ll find it.

    Report Post » My2  
    • cheezwhiz
      Posted on March 17, 2011 at 6:04pm

      I read that and the genius does it again..he is a treasure for sure

      Report Post » cheezwhiz  
  • texasfarmer
    Posted on March 17, 2011 at 5:55pm

    Go ahead take it all, from my cold dead hands.

    Report Post » texasfarmer  
    • GdavidH
      Posted on March 17, 2011 at 6:46pm

      60% estate tax coming soon enough. They’ll leave 40% in your cold dead hands for your family.

      Report Post » GdavidH  
    • sleazyhippo
      Posted on March 19, 2011 at 9:17am

      Except, of course, you will keep the first $5 Million net worth (what is left after all your debt and estate expenses are paid) in your will before the taxed percentage kicks in. And if you are that wealthy in the first place, you will ensure that level is never reached.

      Report Post » MONICNE  
  • ChiroRef
    Posted on March 17, 2011 at 5:54pm

    We need more rich people, not less. Instead, we punish success and reward failure. Prepare. It’s going to by ugly, very ugly.

    Report Post » ChiroRef  
    • Marylou7
      Posted on March 17, 2011 at 6:08pm

      Your comment is short, sweet and to the point AND SPOT ON!!!

      Report Post » Marylou7  
  • gramma b
    Posted on March 17, 2011 at 5:51pm

    There’s nothing “fair” about confiscating what people earn, even if they earn a lot. And there is nothing “fair” about 40+ percent of the people being free riders with respect to the federal income tax.

    Report Post »  
  • LadyIzShy
    Posted on March 17, 2011 at 5:51pm

    Tax and spend lets punish those who are rich.. i swear I am so flippin sick of progressives. If Bill gates has 34billion dollars and he pays the 35%(which I think is too high) why should he now pay even more taxes so congress can spend more.. get a clue congress if i cant pay my bills I do NOT borrow money and spend even more. i make CUTS. I cut things I wish I didnt have to cut but bills come first and they will get paid..

    Report Post » LadyIzShy  
    • sleazyhippo
      Posted on March 19, 2011 at 9:12am

      What we need to do is pay our bills. We are not “broke,“ our multiple war-fighting country has plenty of cash and this ”broke” word is just a scary talking point that has recently become popular. As a clear eyed patriot I refuse to consider America “broke” – we have power and control over most of the material wealth that exists in the entire universe and always will.

      Report Post » MONICNE  
  • RightUnite
    Posted on March 17, 2011 at 5:51pm

    Oh yeah!! That’ll go over with flying colors!

    Report Post »  
  • jmmjr49er
    Posted on March 17, 2011 at 5:49pm

    They have some fantastic elected officials in Illinois. Remember they gave us President Barack H. Obama – MMM, MMM,MMM.

    Does Schakowsky and her husband pay more taxes than her accountant tells her she owes to the state and federal government?

    Report Post »  
    • hifi74
      Posted on March 17, 2011 at 6:51pm

      Don’t forget about the likes of Lisa “lets post the information of everyone who owns firearms” Madigan the Attorney General of Illinois. Then there’s Rod “This &^% is golden“ Blagojevich or George ”you have to pay to play” Ryan, and the list goes on and on.

      Report Post » hifi74  
    • ColdHeartedCapitalist
      Posted on March 17, 2011 at 9:36pm

      We (non-Chicago residents of Illinois that is) don’t want Obama back either. I’m hoping we can broker a trade with California for Meg Whitman or Carly Fiorina when he loses in 2012. Those who claim to be democrats downstate are generally just as conservative as the republicans in Chicago. The downstate conservatives are, well, very conservative. Gov. Quinn claimed that winning 4 out of 102 counties (basically Chicago) gave him a strong mandate to raise our income taxes and do pretty much whatever he wants… like using the income tax increase to try to back a plan for borrowing another 6 billion to spend. I believe we’ve now surpassed California with the worst outstanding present + future liabilities in the country (over 80 billion).

      Come to think of it, maybe we can get a package deal if we send Gov. Quinn with Obama….Two terrible liberals for one conservative leaner? Or, perhaps like someone suggested earlier we just let Chicago be its own state so the rest of us can get on with our lives.

      Report Post »  
  • Ellbee
    Posted on March 17, 2011 at 5:46pm

    I’m first!

     
    • cheezwhiz
      Posted on March 17, 2011 at 5:55pm

      FITA is too confusing .
      Here is my formula :
      1. Anyone eligible to pay income taxes gets to keep only 5% of their income , the government confiscates the rest

      2. All profits of corporations are confiscated by government

      3. Any individual or corporation who wants to invest or expand, will apply for a loan from the government, the loan payable @ 10% interest and all profits from those ‘investment’ to be confiscated by government.

      Report Post » cheezwhiz  
    • Revere1
      Posted on March 17, 2011 at 5:57pm

      New tax brackets after Obama just extended the Bush tax cuts? Forget it.

      But Dems have always had silly ideas on the tax system: http://www.battlefield315.com/2011/02/liberal-taxes-explained.html

      This is only going to embarrass the Democrats.

      Report Post » Revere1  
    • trolltrainer
      Posted on March 17, 2011 at 5:58pm

      49%?! Are they kidding me?

      …Naw, just kidding…doesn’t effect me…At least not directly…

      Tax more, spend more…It is a stupid argument. Especially when they cannot even cut a few billion from the budget…

      Report Post »  
    • cheezwhiz
      Posted on March 17, 2011 at 6:01pm

      Question :
      Did this woman come up with this FITA thing herself
      or did her felon husband write it for her ?

      Report Post » cheezwhiz  
    • Showtime
      Posted on March 17, 2011 at 6:11pm

      Divide the national debt by 305 million people and see what you get. Obama needs to cut his fat government by the third he’s added to it, needs to stop spending, and needs to stay off the damned golf courses~

      Report Post » Showtime  
    • Showtime
      Posted on March 17, 2011 at 6:11pm

      To post or to be taxed?

      Report Post » Showtime  
    • mickey16
      Posted on March 17, 2011 at 6:25pm

      @cheezwhiz,
      Here’s my formula: Everybody pays 15%. No deductions. No earned income tax credit. Apply for welfare at the welfare office not at the tax office.
      If all Americans are equal in the eyes of the law, shouldn’t we all either pay the same amount in taxes or the same percenage in taxes?

       
    • cheezwhiz
      Posted on March 17, 2011 at 6:25pm

      The Illinois Democrat and her nine co-sponsors (all Democrats) have proposed this piece of legislation claiming that they are only doing what a majority of the American people are asking them to do. I wonder if she felt the same way when a majority of Americans were against the Healthcare Bill?
      ———————–
      For demoncr@p$/marxists/communists/socialists/maoists/trotskites/ alinskyites/che-lovers/chavez-lovers/castro-lovers/sharptoon’s and jack@$$on’s communities/laraza’s pandejos/libidiots,
      American people DO NOT include hard-working, taxpaying ,law-abiding, God-loving citizens of USA,
      specially if they happen to be white too.

      Report Post » cheezwhiz  
    • Darmok and Jalad at Tanagra
      Posted on March 17, 2011 at 6:26pm

      If they confiscated all wealth in the country, it would balance the budget for 1 year and one year only. In the 1930′s FDR went after a similar solution. It resulted in everyone with money, shutting down factories and leaving the country. The rest of the world pulled out of the depression in 1935, we were still at 25% unemployment in 1938. It has been tried before and always fails.

      These people are crazy, they keep suggesting the same thing over and over hoping it will work this time. Read an economics book, read history, or ask a business owner.
      A year ago I had XXXX amount of disposable income, with inflation, wage freezes, I calculated this month, I have lost 8% of my income and with gas prices going up, I am losing more every month. It equates to my family not spending as much, therefore my demand for products decrease. Apply that to thousands of individuals and businesses when you raise taxes, they don’t have that money to spend, therefore, demand for goods and services go down.
      Now if you say, Govt. can make up the difference by spending that extra money, right now, any extra money they get will simply go to pay interest on the national debt. That does not create a demand for services or goods, and in most cases goes to other countries.

      So, to summarize, why would this plan of hers be good?

      Report Post » Darmok and Jalad at Tanagra  
    • Patrick in AZ
      Posted on March 17, 2011 at 6:28pm

      Wait a minute – If the “Fairness in Taxation Act would only raise about $79 billion if enacted in 2011″ how the hell can dems call $61 billion in spending cuts “draconian”? Not fully feeding the beast is draconian and stealing someone’s property at even higher levels is “fair”

      Report Post » Patrick in AZ  
    • GODSAMERICA
      Posted on March 17, 2011 at 6:29pm

      That gets me when these wackos try to justify what they say by claiming that the majority of the people want them to do it. If they followed what the majority of people want then they would resign from Congress and never be active in politics again. That is what the majority of people want.

      Report Post » GODSAMERICA  
    • walkwithme1966
      Posted on March 17, 2011 at 6:29pm

      Tax more, spend less – we have to do it to get our house in order!!! http://wp.me/pYLB7-KJ

      Report Post » walkwithme1966  
    • cheezwhiz
      Posted on March 17, 2011 at 6:33pm

      mickey16
      Here’s my formula: Everybody pays 15%. No deductions. No earned income tax credit.
      ——————
      15% of $ 100,000 =\= 15% of $ 1, 000,000
      A person paying 15% on 1 mil bucks STILL has MORE money than the person paying 15% on 100K. Where is the fairness in that ?
      Everyone should have EQUAL amount LEFT OVER after the government grabs their money.
      Thats fairness.

      cheezwhiz  
    • watchtheotherhand
      Posted on March 17, 2011 at 6:41pm

      I don’t know about you all, but I am closing my practice and staying home so I can get onto the government teat while there is still room. No way I am working as hard as I do to give it to these corrupt idiots !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! I figure I can be with my kids more, my health care will be subsidized shortly and if I can become poor enough then I get most things handed to me from the other dopes that kept working. nice bonus. Yep I know my retirement plan !!!!

      Report Post » SLEAZYHIPPOs ILLEGITIMATE OFFSPRING  
    • Thatsitivehadenough
      Posted on March 17, 2011 at 6:44pm

      Screw the communists and socialists trying to destroy the USA. These people need to be exposed for what they truly believe and what direction they hope to take America.

      This woman is UN-AMERICAN.

      Socialism is the bridge to Communism.

      And “Trade Unions are the school of communism” Lenin

      Report Post » Thatsitivehadenough  
    • beekeeper
      Posted on March 17, 2011 at 6:54pm

      Is there any earthly reason she just didn’t make the new upper tax rate 45% fro everyone that earns over $1 million/year? If that’s too low, why not 49% (her top tax rate for all those people who earn over $1 billion/year… how many of these individuals are there in America? Bill Gates doesn’t earn $1 billion/year, BTW).

      How about we just say that anyone earning over $160K/yr can not take any deductions… How many congress critters would go for that?

      Report Post » beekeeper  
    • trolltrainer
      Posted on March 17, 2011 at 6:57pm

      Walkwithme, Do you really believe your party is going to spend less? Increasing taxes is like giving a crack addict more money. Are you kidding, do you really not see that? And do not start on Republicans because I would agree with you there. Make some cuts first, and i do not mean these 60 billion drops in the bucket…Show us you are serious, then I will not mind so much paying more taxes.

      Report Post »  
    • ConservativePatriot
      Posted on March 17, 2011 at 7:00pm

      I suggest that idiot troll Cheezwiz (appropriate name) lead by example. Give up everything you own NOW….that includes your computer and smartphone so you can‘t post idiotic drivel like the one I’m responding to…..what a freakin dolt….

      Report Post »  
    • Cemoto78
      Posted on March 17, 2011 at 7:11pm

      How do these totally ignorant, elitist, asinine, moronic, foolish, senseless, slow-witted, and lacking in common sense clowns EVER get elected to any type of political office. Most of all, WHO are the dolts that vote someone like this into office? I am tired of working for other people to have when I am going without to make ends meet. Something has got to give and when it does it’s not going to be very pretty.

      Report Post » Cemoto78  
    • pajamash
      Posted on March 17, 2011 at 7:37pm

      What is the exact percentage that is “just right” or “fair share” for the rich according to these people?

      Report Post »  
    • hifi74
      Posted on March 17, 2011 at 7:46pm

      CONSERVATIVEPATRIOT,

      I’m pretty well certain he mean that tongue in cheek and was doing it to show how completely idiotic and asinine these politicians are.

      Report Post » hifi74  
    • Rogue
      Posted on March 17, 2011 at 7:46pm

      @ Walk – how about Spend MUCH less, and tax those who aren’t currently paying any taxes.

      Report Post » Rogue  
    • watchtheotherhand
      Posted on March 17, 2011 at 7:52pm

      WHITETEAPARTY and ENCINOM………I am trying to channel my inner liberal, but I am all alone here. I need back-up and quick. Wait a minute!!!….I’m not a liberal. Duped again by that beautiful alluring half naked seductress known as socialism and her promise to take the fruits of my labor. Man it just gets harder every day to resist the liberal’s temptation. Of course then I burp and it passes….. :)

      Report Post » SLEAZYHIPPOs ILLEGITIMATE OFFSPRING  
    • seeker9
      Posted on March 17, 2011 at 8:00pm

      It was a rigged survey! Of course most people want “fair” taxes. Most people think no one should be taxed more than 35%. You Dems would spend more than you bring in any way. Why not get some disciline in your spending?

      Report Post » seeker9  
    • independentvoteril
      Posted on March 17, 2011 at 8:24pm

      @cheezwhiz..Your kidding right.. I AM from IL.. and about to LEAVE the state that I and my parents and grandparents have lived in our entire lives because these NUTTY Democrats are TAX CRAZY.. Anyone who can get a job or transfer out to this state are applying to do so… she is a out and out LIAR.. the ONLY ones who are board with this are in CHICAGO the land of the LOST… the REST of the state is CONSERVATIVE.. Think we should make CHICAGO a state by itself they wouldn’t be able to pay their electric bill for the city street lights.. they SUCK the money from the rest of the state for their ILLEGALS which is the reason the DEMOCRATS keep getting RE-ELECTED..and the CITY employees who are sucking the rest of the residents dry with their pensions that Daley and the Unions stole..

      Report Post » independentvoteril  
    • nptden
      Posted on March 17, 2011 at 8:46pm

      When will just say they want to Communize our govt. and be honest….Then we will know who to kill in the Civil War.

      Report Post » nptden  
    • DisillusionedDaily
      Posted on March 17, 2011 at 10:02pm

      When you add in the state income tax of Illinois, the county income tax and the city income tax, the poor billionaires will owe, in taxes, more than they earn. The democraps will never learn that if you take away the majority of my earnings, I will quit my job, go on welfare and never pay taxes again!

      Report Post » DisillusionedDaily  
    • roast
      Posted on March 17, 2011 at 10:12pm

      Last five years that I know of.My Sister made $20,000 a year.Has two kids living at home….Has gotten a little more than $7000 dollars back in taxes each year.Full medical for them.$20,000 in dental work.Free lawer for divorce.I pay $15000 and get audited…….and they want more. IF YOU WANT OBAMA OUT .PUT PERSONAL COST ON HEALTHCARE.ALL THE PEOPLE WILL HAVE A $800 DOLLAR POLICY PER PERSON IN FAMILY,DEDUCTABLE,CO-PAY,PAY FOR MEDS.THEY WILL VOTE HIM OUT IF THEY REALIZE THEY ARE LOSING THIER FREE HEALTHCARE.

      Report Post »  
    • MiketheTrucker
      Posted on March 17, 2011 at 10:57pm

      Cheezwhiz, if you’re NOT joking you need to move to Cuba.

      Report Post »  
    • MiketheTrucker
      Posted on March 17, 2011 at 11:07pm

      If you think we have high unemployment now, can you imagine what it would be with a tax bracketing system like this?

      Talk about an economy killer. OMG, these dems are just mind-numbingly stupid.

      Report Post »  
    • lylee
      Posted on March 17, 2011 at 11:11pm

      We are all arguing about the wrong thing and that is what the proper income tax would be for different levels of income. I would argue that the proper income tax for everybody should be zero. The income tax should be replaced by two taxes, which everyone would end up paying on a fair and equitable basis. The first tax would be a national sales tax or value added tax. This tax would be targeted to meet the needs of the day-to-day operation of the federal government. The tax rate would be something below the 23% advocated by Neil Bortz, probably something around 13%. The second tax would be an asset tax on all financial assets of individuals, corporations, foundations, and any legal entity in the United States. This tax would be calculated, because we would know the value of the assets above, to cover all entitlement programs and wealth transfer programs in the United States. Too long the mantra has been to tax the rich when actually what we are doing is taxing the producers and entrepreneurs. Under my proposed system everyone would be taxed and equitable share. If you earn your money and choose to spend it on goods and services, it will be taxed at the 13% rate. If you choose to invest your money for the future, it will be taxed at a lower rate. The asset tax rate should always be considerably lower than the asset tax rate. The true rich, those with a lot of financial assets who live off trust funds and foundations, will no longer be able to avoid taxation because they have no “income”. They will pay the asset tax plus the sales tax like everyone else. All other taxes would be eliminated on the federal level. This includes corporate income tax and estate taxes. Under this system individuals would be free to earn as much as they want with no penalty for achievement and wealth building. There would also be no exemptions from the asset tax for any reason. To make all this fair I believe the ratio of sales tax to asset tax should be around 7 to 1 on the low-end and 12 to 1 on the high-end. Maybe if everyone has skin in the game, the politicians will not be so anxious to spend because they will be equally affected. Needless to say this system would work a lot better if government spending could be drastically reduce

      Report Post »  
    • Contrarian51
      Posted on March 17, 2011 at 11:20pm

      ELLBEE: Let me guess, puberty is not yet in your rear view mirror.

      Report Post »  
    • restorehope
      Posted on March 18, 2011 at 12:12am

      These Dems make unsubstantiated statements like “The majority of Americans want this” and do so without a shred of proof. Does this mean that more than 51% of the country has personally contacted her and thus she can truthfully make that statement? I think not, and I dare her to give us proof that that many Americans actually feel that way. When will these progressives learn that they cannot keep on making wild pronouncements just to get people to agree with them? If you have to stretch the truth to make a point, then the point is indefensible to begin with.

      Report Post »  
    • Calaite
      Posted on March 18, 2011 at 12:16am

      Here is my solution, Tax Congress on their shortfall of a balanced budget.

      * $1-10 million: 45%
      * $10-20 million: 46%
      * $20-100 million: 47%
      * $100 million to $1 billion: 48%
      * $1 billion and over: 49%

      Take the amount they are over out of their collective salaries, should they go over budget more than 1 billion, they work free for the year.

      Report Post » Calaite  
    • Enuff Zenuff
      Posted on March 18, 2011 at 7:04am

      The individual states must reclaim the powers not delegated by the states to the Federal government. The power to do so is already in the constitution… in fact – that is what the constitution is all about – Limiting the federal gov’t.. It is the only permanent solution and the only way to free our children and grandchildren from the slavery we are living through!

      Report Post » Enuff Zenuff  
    • smithclar3nc3
      Posted on March 18, 2011 at 9:07am

      Hey cheez,
      Here’s my formula the Fed. Government get 7% in taxes the states get 10% from the people within their states. We shut down most government agencies and return the power to each individual state.

      Report Post »  
    • sleazyhippo
      Posted on March 19, 2011 at 9:21am

      It is just Good policy for all of us to tighten up to pay our National Bills – that will cover the Wars and last decade’s overblown Homeland security costs that protected everyone of our American sisters and brothers. Thank You! Combined with cutting those special Costs now that the war on terror is Over, this should mean our children and grandchildren will have a better future! Thank You!

      Report Post » MONICNE  
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