Obama may need to read these reports. Information for the coming tax battles with the greedy.
From Citizens for Tax Justice:
Here are five points explained in the report:
- Very few business people (3 to 5 percent) are rich enough to lose any portion of their tax cuts under Obama’s plan.
- Of the business owners who would pay higher taxes under Obama’s plan, those with the very highest incomes cannot reasonably be called “small” business owners.
- A person who receives their income from a business they own would have to receive over $250,000 (or over $200,000 if unmarried) in net profits in order to lose any part of their tax cuts under President Obama’s plan.
- In order to hire people, business owners need customers, not tax cuts.
- Claims that the richest 2.1 percent (who would lose some of their tax cuts under Obama’s plan) account for a fourth of all consumer spending are incorrect.
Citizens for Tax Justice says U.S. the 3rd least taxed country in the industrial world:
United States Remains One of the Least Taxed Industrial Countries
Overall, US Taxes Are Third-Lowest Among Organization for Economic Cooperation and Development (OECD) Nations
In 2008, total federal, state and local taxes in the United States were 26.2 percent of our gross domestic product, ranking 25th among the 27 OECD countries for which data is available. Only Turkey (23.5 percent) and Mexico (20.4 percent) had lower taxes.
Just sayin.
I need to send these guys a donation. Always help your friends.
Oh, you want people to listen to facts about their taxes? 😉
It seems that people want to vote for the income they’d like to have, not that they ever have any hope of ever achieving that level.
Exactly. I’ll never understand it.
Ever since the Reagan administration starting in 1980, the public has been operating in a greed or selfishness mode, in degree that today, mention of the “poor” seems to be the third rail of American politics. Even Democrats are leery of the term, with the possible exception of Dennis Kucinich. We have come a long way since Johnson’s proposed war on poverty, which was undercut by Vietnam. We all knew that FDR socialism was done when Clinton signed into law, Gingrich’s Personal Responsibility Act, which essentially told single and divorced mothers of dependent children lacking means to get a job.
What politician dares tell the American people or even his own constituency that they are really paying low or minimal taxes for what they receive in return? None. We can still have the same benefits by just putting it on the credit card. Later we will cry, deficits, deficits, my grandchildren, and so on.
Shergald you are right on. Its really strange if you speak of helping poor people or call yourself a liberal, well its just not politically correct. You deserve to be hated. I can’t figure it out. Needing help is always some kind of scam in most people’s minds. I think your right it started with Reagan. May he burn in hell.