AP-GfK Poll: Most back Obama plan to raise investment taxes
Source: AP-Excite
By STEPHEN OHLEMACHER and EMILY SWANSON
WASHINGTON (AP) The rich aren't taxed enough and the middle class is taxed too much. As for your taxes, you probably think they're too high as well.
Those are the results of an Associated Press-GfK poll that found that most people in the United States support President Barack Obama's proposal to raise investment taxes on high-income families.
The findings echo the populist messages of two liberal senators Elizabeth Warren of Massachusetts and Bernie Sanders of Vermont being courted by the progressive wing of the Democratic Party to run for president in 2016. The results also add weight to Obama's new push to raise taxes on the rich and use some of the revenue to lower taxes on the middle class.
Obama calls his approach "middle-class economics."
FULL story at link.
FILE- In this April 13, 2014 file photo, the Internal Revenue Service Headquarters (IRS) building is seen in Washington. The rich aren{2019}t taxed enough and the middle-class is taxed too much. As for your taxes, you probably think they{2019}re too high as well. Those are the results of a new Associated Press-GfK poll, which found that most Americans support President Barack Obama{2019}s proposal to raise investment taxes on high-income families. The findings echo the populist messages of Sens. Elizabeth Warren and Bernie Sanders, two liberals being courted by the progressive wing of the Democratic Party to run for president in 2016. The findings also add weight to Obama{2019}s new push to raise taxes on the rich and use some of the revenue to lower taxes on the middle class. (AP Photo/J. David Ake, File)
Read more: http://apnews.excite.com/article/20150222/us--ap_poll-taxes-4d4f64a84c.html
still_one
(92,233 posts)less what people think. They take marching orders from their corporate masters
Dustlawyer
(10,495 posts)just how much that corruption has grown, how it affects them, or what they could do about it. We need to start spread the word to start demanding Publicly Funded Elections and an en to campaign contributions, Super PACs, and the revolving door. Bernie Sanders has made this his number one issue!
still_one
(92,233 posts)Overturned
24601
(3,962 posts)7962
(11,841 posts)on point
(2,506 posts)Eliminates investment distortion in the system and no point in playing games trying to change income from one source to another. Also, includes capital income in progressive system. Also simplifies tax code. This used to standard before republicans mucked it up
24601
(3,962 posts)without risk should be taxed at the higher, ordinary rate.
Unless of course, taxpayers bail out risk-takers like they had to for GM and the banks. But the way it works today, if your investment earns any income, the IRS is right there as your partner. Lose money and they don't want to know your name.
JDPriestly
(57,936 posts)losing money when they are actually increasing their wealth. Anything to lower their tax rate. Where is the patriotism? They don't pay their share. And the wars are to protect trade routes that should not be so necessary to us and would not be so necessary if we were not so dependent on imports and foreign labor.
SunSeeker
(51,574 posts)Adrahil
(13,340 posts)raising the minimum wage...
raising taxes on the rich...
increasing assistance for post-secondary education...
etc., etc.
But what matters is who VOTES, especially on the state level.