Category: taxes

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pay Politics taxes

The Rich Goes To Congress Begging To Pay More Taxes

Republicans in Congress have pledged their lives to Grover Norquist and his efforts to protect the rich. Norquist managed to get just about all the Republicans in Congress to sign his pledge not to raise taxes on the rich. And although the economy needs all the help it can get, Norquist and his Republican goons are sticking to their pledge, thus, sticking it to the American people.

But even the rich is seeing through the Vail of deception perpetrated by the Republicans and their pretense of patriotism, and their willingness to see the economy crash and burn for political reasons. And they, the rich,  have come to save the day.

WASHINGTON (AP) — Lobbyists for a day, a band of millionaires stormed Capitol Hill on Wednesday to urge Congress to tax them more.

They had a little trouble getting in. It turns out there are procedures, even for the really rich.

But once inside, their message was embraced by liberals and tolerated by some conservatives — including the ideological leader of anti-tax lawmakers, who had some advice for them, too.

“If you think the federal government can spend your money better than you can, then by all means” pay more in taxes than you owe, said Grover Norquist, of Americans for Tax Reform, a group that has gotten almost all congressional Republicans to pledge to vote against tax hikes. The IRS should have a little line on the form where people can donate money to the government, he suggested, “just like the tip line on a restaurant receipt.”

One of the millionaires suggested that if Norquist wanted low taxes and less government, “Renounce your American citizenship and move to Somalia where they don’t collect any tax.”

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Elections Politics Republican taxes

Rick Perry Really Said That? O.M.G! – Video

When I came across this video, I thought it would be just another amateur trying to put their mark on the joke that is Rick Perry. Boy was I wrong!

This video shows Rick Perry ‘saying’ some things that are quite frankly, amusing. Okay, okay… the words you hear are not the ones coming from Rick’s mouth, but compared to what the Republican presidential candidate has been saying so far, these words would be an improvement.

Watch, and enjoy!

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Politics taxes

Mark Cuban Agrees – Millionaires Should Pay Their Fair Share

Billionaire Mark Cuban, owner of the Dallas Mavericks, tells ABC Radio that he agrees with President Obama’s position of taxing the rich. Don’t tell the Republicans who have decided that rich people should never pay the same rate poorer Americans pay.

Mark Cuban has joined the likes of Warren Buffett and Russell Simmons, among others, who are willing to pay their fair share.

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MSNBC Politics taxes

Poor Republican Millionaire Only Has $400,000.00 Left

So President Obama today made a proposal to raise necessary revenue through tax hikes. Not for the middle class, but for millionaires. Well today, one of these millionaires expressed his disgust with the president’s plan, saying that after he pays all his bills and reinvests in his business, he wouldn’t be able to support his family on the balance; $400,000.00

This poor millionaire, who simply cannot afford to pay the same rate middle class Americans are paying right now, just happens to be a Republican congressman, Rep John Fleming (LA). Today on MSNBC, Mr. Fleming had this to say;

“In my own case, I own LLCs. The income flows to my personal tax return and whatever is left over after taxes are paid, I feed my family on the one hand and on the other hand, I reinvest in my business.”

Chris Jansing, the MSNBC host pointed out to the poor millionaire that according to the Wall Street Journal, “your businesses, which I believe are Subway Sandwich shops and UPS stores — very successful — brought you last year, over $6 million.”

But Mr. Fleming was having none of it, and explained to the MSNBC host just how poor he is, and how devastating it would be if he is asked to pay the same rate working Americans pay.

“Yeah, that’s before you pay 500 employees, you pay rent, you pay equipment and food,” Fleming agreed. “Since my net income — and again, that’s the individual rate that I told you about — the amount that I have to reinvest in my business and feed my family is more like $600,000 of that $6.3 million. And so by the time I feed my family, I have maybe $400,000 left over to invest in new locations, upgrade my locations, buy more equipment.”

I don’t know how you small people do it. Working all those hours, paying all those taxes and still eking out a living on a helluva lot less than $400,000.00

You middle class Americans are just insane!!!

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Politics taxes

President Obama To Introduce The “Buffett Rule” On Monday – Taxing The Rich

The New York Times is reporting a new measure by President Barack Obama called The Buffett Rule. According to the news report, President Obama will announce on Monday plans to tax millionaires at the same tax rate middle class Americans pay today.

According to the Times Report, administration officials said the plan would require those making “more than $1 million a year to ensure that they pay at least the same percentage of their earnings as middle-income taxpayers.”

Mr. Obama, in a bit of political salesmanship, will call his proposal the “Buffett Rule,” in a reference to Warren E. Buffett, the billionaire investor who has complained repeatedly that the richest Americans generally pay a smaller share of their income in federal taxes than do middle-income workers, because investment gains are taxed at a lower rate than wages.

Mr. Obama will not specify a rate or other details, and it is unclear how much revenue his plan would raise. But his idea of a millionaires’ minimum tax will be prominent in the broad plan for long-term deficit reduction that he will outline at the White House on Monday.

Although this is a great idea, suggested by many millionaires including Warren Buffett among others, there is one minor obstacle. It’s a small pledge signed by Congressional Republicans called the Grover Norquist Pledge. Republicans have promised Mr. Norquist that no matter what the situation is, no matter how much revenue the American economy needs, raising taxes would not happen.

So yes, Mr. Obama’s Buffett Plan will be a fair plan, but Grover Norquist and the Republicans will not have it.

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Politics Republican taxes

Juan Williams – This Republican Party “Looks Like A 1950’s Oldsmobile.”

Remember Juan Williams? He’s the same writer/Fox News contributor who used to work for NPR, but made some remarks about Muslims and lost job there. Fox News immediately jumped on NPR for firing Juan, and that began the Republican push to defund NPR – one of the most trusted news sources in the land.

Well, because of some of Jaun’s views, we usually don’t see eye to eye. But something Mr. Williams wrote on Fox’s website caught my attention. Williams wrote an article about the recent Republican presidential debate, a piece he titled, “Debate Shows GOP Is Out Of Step With Realities Of Today’s America.” For me, that topic was all I needed to read a little further.

The first few paragraphs of Mr. Williams piece summed up the Republican party perfectly. It said;

Last night’s debate put on display a Republican Party that still looks like a 1950s Oldsmobile as they prepare to run against one of the hip, new hybrids coming out the multi-national car companies that now run Detroit.

Despite his troubles, President Obama looks sleek, fast and so very hip as compared the Republicans on view in Iowa. The President remains the mixed-race, son-of-an immigrant, in touch with the under 30 crowd that makes up about half of 2011 America.

It was not just the absence of dynamic people of color and women at the GOP debate that rankle young Americans, Hispanics, Asians, Blacks, working women, and immigrants. The answers coming from the candidates felt like the voice of your grandfather’s GOP.

And on the question of taxes, where all the Republican presidential candidates in the debate said they will not raise taxes no matter what the circumstances, even if it is a 10 to 1 ratio for spending cuts vs. tax hikes, Williams said this;

One of the most astounding parts of the debate for me was when the moderators polled the candidates and asked if they would oppose a deficit reduction package that included government spending cuts to tax increases by a ratio of 10:1. Every single candidate on the stage raised their hand in opposition. No tax increases under any circumstances.

This puts the candidates out of step with the realities of America today, and American public opinion. As a CBS/New York Times poll from last week showed, a majority of Americans – in both political parties – want to see tax increases on the wealthiest Americans in addition to spending cuts. By taking the no-new-taxes-pledge the candidates are even in disagreement with a majority of the Republicans – the very people who will choose the nominee.

Nuff said. You really don’t have to read anymore, that says it all and this reflects the points Mr. Williams laid out throughout the rest of the article. It also summarizes perfectly this Republican party and their intent to “bring America back…” Back to a year they’re more comfortable with, the 1950’s.

If you want to read the rest of Juan Williams’ article, you can find it here.

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Politics taxes

I.R.S – 1400 Millionaires Paid Zero Taxes in 2009

If the family struggling to put food on the table, or keep a roof over their heads make a mistake on their tax returns and is audited, the taxman will bring out the army to make sure that family pays all the taxes they owe. But if you’re a millionaire, you could get away with paying nothing, while your income reflects six or more digits.

A new report issued by the IRS shows that over 1400 people who earned more than 1 million dollars in 2009,  paid zero in taxes. Credit this effort to keep the rich happy to two things;

  1. The raping of the tax system through tax loopholes set up to primarily pacify the greedy;
  2. A lobbying group voted into Congress by the American people. This group of lobbyists is called the Republican Party.

But let’s not forget the Republican’s claim, that providing the rich with more tax cuts in the form of Corporate loopholes and welfare, is the only way to create jobs. With this ideology, no one would have expected the unemployment rate to balloon to 10.2% in 2009 and now stands at 9.2%

It is time that Americans and Republicans face the truth – extra tax cuts and tax loopholes that benefits the rich does nothing for everyday middle-class America, and the Bush Administration supports this conclusion when massive trillion-dollar tax cuts were given to the wealthiest people in America, resulting in 700,000 people a month losing their jobs at the end of his term.

At a time when middle class America is being asked to give up the shirts off their backs to keep the economy from falling into total destruction, the millionaires and billionaires in this country should at least be asked to pay something back. Maybe not 90% like they paid in the 1950’s, or the 50% they paid under the Reagan administration. But having millionaires pay zero in taxes should be unheard of, especially in this economic crisis.

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Politics taxes

Russell Simmons To The Rich – Stop Bitching, Pay Your Damn Taxes

Republicans have shown time and time again during these negotiations on raising the debt ceiling, that they are willing to allow the good faith and credit of America to be ruined, just to protect the tax loopholes their rich friends enjoy. Loopholes like providing $600 billion a year to oil companies and giving tax breaks to companies who close down businesses in America and open those same businesses in other countries. Well, Russell Simmons, a millionaire whose net worth is listed as over $340 million, has some choice words for his fellow millionaire friends: “Stop bitching and pay your damn taxes!”

Mr. Simmons wrote a piece in Huffington Post in which he rightly criticizes Republicans for attempting to balance the budget on the backs of the middle class and poor, while the rich gets richer.

To all my Republican friends, billionaires and multi-millionaires, stop bitching and pay your damn taxes. How dare you make record profits and not want to contribute more to fixing our problems while some in our country are suffering the worst economic times since the Great Depression? I DON’T NEED A TAX BREAK. I AM RICH. AND SO ARE YOU!

He then questions the wisdom of American citizens who would support Republican candidates who only have intentions of protecting millionaires.

Who amongst us is stupid enough to support politicians that want to protect guys with corporate jets and five homes around the world? What rock are we living under? I know this may not sound like the voice of a yogi, but even Krishna would have told Arjuna stop crying and pay your damn taxes. So, stop this nonsense and start giving.

Simmons then questioned the claim by many rich folks who claimed they “worked hard,” to  attain their wealth and asked them, “what box you lifted today?” He continued;

Most of you, not all of you, but most of you got some lucky break or your daddy left you all that you needed. I know, for one, I am one of the very lucky ones. Talent was a small second to the luck I’ve had while building my businesses. The “hard work” is the fun part; the only happiness we get is derived from that service.

He then praised the efforts of President Obama for wanting to put politics aside to get America back on the right economic track, while the rich and their Republican friends exert no effort to do the same.

The President has shown he is willing to make compromises and make difficult decisions to put this country back on the right track while it seems that all you want to do is play Russian roulette with the most vulnerable people of our nation. The President is showing leadership and you Republicans are showing how silver your pockets are lined by the corporate interests. That is not acceptable and you should be targeted for support. You ought to know full well that we cannot decrease our deficit by only cutting our spending. We MUST raise revenue. And those who have made the most should give the most.

And we couldn’t agree with him more. Because of the policies and hard work of middle class Americans, the rich in this country have prospered beyond their wildest dreams. It is only right that now when the country needs their support, they should pick up the slack and do their share. The middle class and the poor are already carrying the majority of the burden.

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