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Obama to call for new tax increases in State of the Union address | Fox News
Let's here it Obama supporters how does taxing the rich benefit the U.S. economy and how much money is going to be generated to fund the liberal spending appetite?
Class warfare is never going to solve the problems we face in this country and what ever happened to incentive to create more upper class individuals? Growing up I always strove to generate enough money to pay for a family that I hoped to have and fund charities that I want to support. My education process taught me the value of hard work and the desire to succeed. What happened to that philosophy in today's world? Why is it the Federal Government's role to tell the private sector where to spend its own money and on what?
Benefitting those with a higher Marginal propensity to consume usually helps a consumer driven economy
Submit a budget, let's debate it, show what you want to add with the tax money and let's if we can justify a tax increase.
I don't think it can be done.
Obama will submit a budget as required, it will exceed 3.9 trillion dollars and continue to bloated federal bureaucracy we have today that the Republicans will reject and the liberals will cry that the Republicans want to starve kids, kill seniors, and pollute the air, same old playbook and more proof that Gruber was right about the liberal base.
Taking from the top end to redistribute to the lower classes doesn't benefit anyone especially since it is the Govt. doing the redistribution. Too much waste, fraud, and abuse of our taxdollars to do any good and per Obama this tax on the rich will generate 32 billion dollars a year enough to run out govt. for a couple days and certainly a waste of money and effort. Let the rich spend their dollars, invest their dollars, save their dollars the way they want without govt. intervention. That is the American way where neighbor helps neighbor and nothing defines the Federal Govt. as that neighbor.
You could probably guess, but I believe they have taxed us enough. I am also on the side that we should not be taxed by the Federal Government. Only the state. Unfortunately, that is never going away.
and here, in the OP, your whole complain was about what benefits the economy.
you can't have your cake, and eat it too
Taking tax dollars from anyone today to the extent this govt. does it doesn't benefit anyone. We need about a 1.5 trillion dollar or less federal govt. and every dollar going to the Federal Govt. should go for Constitutional requirements which is for defense, judicial, health and human services, and that is about it.
and that has WHAT to do with your OP?
here, let me paste it for you, since you seem to have forgotten. PS, I'm throwing in a chortle, too
"Obama to call for new tax increases in State of the Union address | Fox News
Let's here it Obama supporters how does taxing the rich benefit the U.S. economy and how much money is going to be generated to fund the liberal spending appetite?
Class warfare is never going to solve the problems we face in this country and what ever happened to incentive to create more upper class individuals? Growing up I always strove to generate enough money to pay for a family that I hoped to have and fund charities that I want to support. My education process taught me the value of hard work and the desire to succeed. What happened to that philosophy in today's world? Why is it the Federal Government's role to tell the private sector where to spend its own money and on what?"
Bit of a shame that capital gains will still be taxed less than regular income under this proposal.
Bit of a shame that capital gains will still be taxed less than regular income under this proposal.
Submit a budget, let's debate it, show what you want to add with the tax money and let's if we can justify a tax increase.
I don't think it can be done.
Why do you want to penalize risk taking? People aren't required to invest in capital projects and do so to get benefit, taking risk at a higher rate discourages investment.
Submit a budget, let's debate it, show what you want to add with the tax money and let's if we can justify a tax increase.
I don't think it can be done.
Bit of a shame that capital gains will still be taxed less than regular income under this proposal.
bit of shame that socialists hate investment and think it sholud be doubly taxed
everyone should pay the same rate
Do you make any distinction between short and long term capital gains or do you just want to collect more money?
Obama to call for new tax increases in State of the Union address
I don't see a reason why the two should be treated differently under the taxation system.
It's not about "penalizing risk taking." People who actually work for their income are punished under the current taxation system because they have a higher tax rate than those who pay capital gains tax.
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