Originally posted by lordtyp0
To start with, he doesn't want to "Spread the wealth" in anything similar to a socialist/communist sense.
Sorry, but that is exactly what he wants to do.
Taxes are specifically allowed for in the Constitution to fund a minimal government. Taxes are meant to fund a service like the military.
Taxes are NOT meant to be taken from some people in order to give it to others. That is the definition of socialism.
In the US for decades the upper percentage has been getting massive tax cuts.
Umm....that because the upper percentage pays the most in taxes. So of course they should get the most in tax cuts. DUH!
Where do you draw the line?
The top 50% of all income earners pay 97% of all income taxes!!
I mean, damn, enough already.
Most have so many loopholes they dont have to pay anything in taxes.
This is such nonsense.
If true, the government would have no money for anything since the 'rich' are the one's being taxed. Again, the top 50% pay 97% of all the income
taxes.
What Obama wants to do is cut the tax the middle class pays (been getting the short end for my entire life) and increase the taxes on those who
make a quarter million a year. You know, the people who can afford to get out of paying taxes with lawyers.
Your lack of understanding of even the basics regarding the economy is astounding.
Sorry, but the middle class will never get ahead with Obama's plan.
For starters, this 250,000 limit is ficticious since Obama himself voted to raise taxes on people making more than 42,000 just last year.
Secondly, Obama also stated he will be raising social security taxes and fica taxes. Since he will also let Bush's tax cuts expire, you will get
another tax increase since Bush's tax cuts affected everyone.
Bottom line: Your paycheck will be getting smaller anyway you slice it. Since Obama stated with his plan that energy prices will skyrocket, you will
be paying a lot more for everything you purchase and for energy.
Since the top 50% of income earners pay 97% of the income taxes, how much more do you want to tax them? Do you want to take all their money?
How is this somehow bad?
Read everything I posted above.
Is my hard work not warrent me having a bigger chunk of my pay?
That is the point. You will NOT get a bigger chunk under Obama.
Let's list the reason why:
A) Higher social security taxes
B) Higher fica taxes
C) Expiration of the Bush tax cuts which affects everyone
D) Yes, higher income taxes. This middle class tax cut business is BS.
E) Since Obama said that energy prices will go through the roof with his plan, expect to pay a lot more for electricity and everything you buy.
With Socialism, yes, everyone is equal. Everyone is equally poor and miserable.