General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDo you agree with Pres. Obama that millionaires and billionaires will be paying their "fair share"
by being taxed at 39.6% on household income over $450,000?
http://www.whitehouse.gov/the-press-office/2013/01/01/statement-president-senate-deal-extend-middle-class-tax-cuts
Tonights agreement does even more by asking millionaires and billionaires to begin to pay their fair share for the first time in twenty years. As promised, that increase will be immediate, and it will be permanent.
12 votes, 0 passes | Time left: Unlimited | |
Yes, I agree with President Obama. A 39.6% tax rate on income over $450,000 ensures that millionaires and billionaires will be paying their "fair share". | |
2 (17%) |
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No, I disagree with President Obama. The top marginal tax rate should be higher than 39.6% for millionaires and billionaires to be paying their "fair share". | |
7 (58%) |
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Other. | |
3 (25%) |
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0 DU members did not wish to select any of the options provided. | |
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Ohio Joe
(21,756 posts)I agree with President Obama that they will "begin to pay their fair share". I do not see the rich going from the party they have had these many years to where they should be in any single act. It will be a process and it is starting off in the right direction. More work to be done, no doubt but I am pleased with this beginning.
appleannie1
(5,067 posts)chimpymustgo
(12,774 posts)Like rMoney - and the growing millionaire/billionaire class that makes money off financial schemes and overseas slave labor - money they keep overseas that remains untaxed and unaccounted for.
dballance
(5,756 posts)They make it on investments and "carried interest" which I don't totally understand. The capital gains rate needs to go higher. It used to be at 28%
warrior1
(12,325 posts)But with the new congress if they want to make larger steps they need to change the filibuster rules. If not, more of the same.
onehandle
(51,122 posts)OnionPatch
(6,169 posts)But there are a lot of loopholes and subsidies and such that should be done away with. Capital gains taxes should be higher. The inheritance tax should be higher as well.
I know they mean taxes when they say "paying their fair share" but I also think that most of the rich should be paying their employees better, too, if our economy is to prosper. They need to nix the idea that they're entitled to cheap labor.
gulliver
(13,181 posts)Ok, here is a test. Did you see words in my subject line or just six periods?
Nye Bevan
(25,406 posts)MrSlayer
(22,143 posts)Capital gains needs to be 30% or more if you want to make this stuff matter.
coalition_unwilling
(14,180 posts)live in poverty. This society is marked by incredible levels of cruelty and brutality towards its most vulnerable citizens.
Dems and Rape-publi-scum are both bourgeois parties who couldn't give a flying fuck about the working class and working poor. They're both playing for the same team and that's not my team.