OOPS

[hcap]

http://www.reuters.com/article/idUSTRE62S44B20100329?feedType=RSS&feedName=domesticNews

The Quinnipiac University poll found that 60 percent of Americans among both major political parties think raising income taxes on households making more than $250,000 should be a main tenet of the government's efforts to tame the deficit. More than 70 percent, including a majority of Republicans, say those making more than $1 million should pay more.

But 80 percent say raising taxes on those making less than that should not be part of the government's approach. Moreover, most oppose touching Medicare and Social Security - two long-term drivers of the budget deficit over the coming decades....

Obama's 2011 budget proposal and most of his fellow Democrats favor eliminating tax breaks for individuals making more than $200,000 and for households making more than $250,000, which were enacted in 2001 and 2003.

Not surprisingly, many more Democrats than Republicans back hiking taxes on those making more, though 56 percent of Republicans did support raising taxes on those making more than $1 million, the poll found.

There was only a slim partisan divide, with only slightly fewer Republicans opposed to cutting the growth of the government health plan for the elderly, Medicare or Social Security, to help the deficit.

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The American public, even Republicans, want basic economic fairness and recognize that taxing the people who make a lot of money is a helluva lot fairer than cutting Social Security and Medicare for the rest of us. It's the basic principle Democrats have operated on for decades.

I guess we are a nation of anchors wishing 'Death to the Republic"

Regards....
Tawana

[MONEY]

That's just a silly poll. Most people/families don't make and don't ever expect to earn $200,000/250,000 in a year. So off course if you ask them if RICH people should pay more taxes, most would say yes because they don't be affected by the tax hike.

[ArlJim78]

I call BS on the poll, especially since the details and exact questions were not available.

But more importantly, for anyone thinking that raising taxes on the rich will solve the deficit problem, it won't.

[delayjf]

Envy and Greed,

They should have asked if they favor tax hikes to support more spending, that's the more likely outcome of increased taxation.

[ArlJim78]

Record Number of Tax Filers Paid No Federal Income Taxes in 2008 (http://www.taxfoundation.org/news/show/25965.html)

About 51.6 Million Filers Were "Nonpayers," Including Some Families Making Over $50,000

Washington, DC, March 10, 2010 -- A record number of the 142 million tax returns filed in 2008 resulted in no tax payment, according to a Tax Foundation analysis of IRS data. That means the tax filers got back every dollar that had been withheld from their paychecks, and often more. Roughly 51.6 million tax returns, or 36.3 percent, were filed by such "nonpayers," people whose exemptions, deductions and credits wiped out any federal income tax due.

A family of four earning more than $50,000 can have no income tax liability after taking the standard deduction and the child tax credit.

"Two records were set in 2008: the most nonpayers and the highest-earning nonpayers," said Tax Foundation President Scott Hodge, who authored Tax Foundation Fiscal Fact, No. 214, "Record Numbers of People Paying No Income Tax; Over 50 Million 'Nonpayers' Include Families Making over $50,000." The Fiscal Fact is available online at http://www.taxfoundation.org/publications/show/25962.html (http://www.taxfoundation.org/publications/show/25962.html).

"Nonpaying status used to be a sure sign of poverty, but thanks to increased use of the tax code to deliver social benefits, incentivize behaviors and funnel money to targeted groups, middle-class families have now been pulled into the growing pool of nonpayers," Hodge said. "We're now in a situation where a record number of tax filers are completely disconnected from the cost of government."
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and 100% of these deadbeats with no skin in the game are the ones claiming the rich should pay their fair share.

[Tom]

The bottom line is Butthead Barry is raising taxes on EVERYONE and he has lied about no tax increase for everyone under 250K - this is hcap's inverse of tax cuts for the right. The left are pathetic in their blatant jeolosy and avoidance of personal pesponsibiltiy.

I wonder how the left can ever remeber the turth, they lie so much.
Must be getting closer to November - hcap and Sec are going into panic mode.:lol:

[witchdoctor]

Any government that robs Peter to pay Paul can count on the support of Paul.

[Greyfox]

I have mixed feelings here.

I don't mind seeing extremely high paid salaried workers like the C.E.O's on Wall Street get taxed more. They work for big publicly owned companies and write their own bonuses, with boards approval, into their year end draw.
So a salaried executive making $ 2 million a year ( or more) now draws down another $ 3 million ( or more) in bonuses. How much do these greedy s.o.b.'s need?

Note that I said salaried workers.
I don't feel so much that way about a businessman who builds his own company and writes his own salary. It's his company. Or a surgeon who through hard work, doubles his money via honest labor.

[BlueShoe]

Coming soon from the dim Dems; a Value Added Tax of perhaps !0% on every purchase. Just think about how a VAT will impact your life. Everything you buy, from a head of lettuce, a pair of pants, to a new car, will go up so that the Bolsheviks can fund their Marxist schemes of wealth redistribution.