Maybe trying to have the tax increase on those making $
300,000 or $400,000 and over instead of 250,000
Congress needs to settle .They need to be helpful to the people, the US needs their help
Location: North Canton, Ohio
I am a physician making just above that number. I am a single parent and paying back student loans over 100,000. Forty percent of my salary is gone before I see it. I grew up in the ghetto and worked hard to get out. I am trying to help myself and my kids and now I am going to get taxed more. I can not pay for my kids college education comfortably. I am confused that Obama thinks I have a lot of money. When the number 250,000 is said, maybe he should look at what a person brings home after taxes and what school loan amounts they are paying. I work for Kaiser in California and find that I am living better than I did but I would not say I am wealthy! Just something to think about
Location: Sacramento california
Please adjust all entitlements, most especially those for corporatations and the wealthy. Many taxpayers may not realize that our taxes pay almost twice as much for corporate welfare as they do for social welfare.
Make people pay into social security on every dollar they earn as do most Americans.
Location: Oviedo, FL
Turn tables on republican wealthy special interests. Pennsylvania State tax has a one card flat tax that works well; is inexpensive to collect and monitor. Suggestion: A GRADUATED FLAT TAX NO EXEMPTIONS WHAT SO EVER ( NOT EVEN FOR CAPTAL GAINS OR HOMES) WORKED OUT BY ACTUARIES TO BE REVENUE POSITIVE. Example :
10% ($0- $25K)
15 %( $25K $50 K):
17.5% ($50K -$100K)
20 % ($100K -$200K);
25% ( $300K-$500K) ;
27.5% ( $500K-$ 1 M);
33.5% ( $2M-$5M):
35% ($5M & over)
rates decreased for the middle class : do not rise for the millionaires.
Location: Unites States (I am from Virginia)
Avoid getting sucked back into the old arguments, the tired sound bites and the conventional thinking that digs deeper into this dual-track rut we are in!
The best way forward is to push the discussion down a new path.
Propose comprehensive tax reform that will have national appeal and is simple to understand. Something like:
10 – 10 – 10
Flat Tax across the board; 10% income tax for everyone; 10% tax on all capital gains and interests earnings; and 10% VAT sales tax. 10-10-10.
No deductions for anything or anyone. So simple that you don’t even need to file a tax return!
Key Sound Bites:
– Reduction in tax rates across the board for everyone!
– No more Government picking winners and losers!
– Fire the Tax Auditors, we don’t need them anymore!
– Progressive Consumption Tax over Regressive Income tax!
– 50% of VAT tax dedicated to debt reduction!
Now, you REALLY want to capture the public attention and be a hero to every tax payer?
People Power Policy: If you file an (optional) tax return, YOU can decide which agencies will receive 50% of your taxes!
* You worried about defense? then sends the funds there;
* Your state needs more funding? that’s your choice;
* College tuition? National Parks?
** Vote with your taxes!
Location: Germantown, MD
Okay, we all know that closing the loopholes isn’t going to work because lobbyists won’t let it. However, if the Republicans are so sure it will, then make this deal. We raise the taxes on the rich first and as they pass each bill to close a loophole, then the taxes on the rich will be lowered by exactly the amount the loophole closing raises money. That should be an acceptable deal to them, unless they are not truthful about closing loopholes. We know it won’t happen because both Republicans and Democrats talk about closing loopholes but it never happens. The result will be the taxes remain high on the rich. It’s a trick to to get the tax hikes on the rich or you prove them dishonest about loophole closing. It also should expose them as being for the rich if they don’t accept it.
Location: Spokane, Washington
As a small business owner who is watching the gridlock over taxes, please remember that small business owners include those making $10K-$10 million per year and everything in between. My understanding is that Republicans don’t want to raise taxes on those who may be small business owners, but the income level of one-size-fits-all doesn’t work here. I never hear discussion of setting up a structure in the tax code that could be used to help all small business owners in a proportional way. For those making over $250K (or less) who own small businesses, specific deductions, tax breaks, etc. can be used if the taxpayer is identified as a small business owner, such as having a EIN. This is what would be the most useful and satisfy need to promote small business, and thereby the economy. Real relief would come in the form of self-employment tax and/or mortgage vacations for the first years of the establishment of a small business, again to help stimulate the economy. My hope is that this would meet the demands of each party as well as the common goals of promoting and protecting small business and stimulating the economy. Small businesses make up 98% of the employers in the US, but small businesses come in all sizes and need a tax structure that reflects this.
Thank you for your consideration.
Location: Chicago, Illinois
Nobody seems to have noticed this. In a 60 Minutes interview, Romney was asked if he thought it fair to pay, as he did, an income tax of “14% — that’s the capital gains tax” on $20 million of investment income when someone else pays a higher rate on $50,000 income. Answer: yes, that’s the way to help the economy grow.
Near the end of the debate, Romney listed three taxes he would do away with: the third was the capital gains tax.
Put those together and the conclusion can only be that if Romney wins, on his next $20 million of investment income he will pay NOTHING in taxes.
That can’t be his only reason for wanting to be President, but it does sweeten the deal, doesn’t it?
Location: Lafayette, Colorado
As a lower end hardworking middle class person and small business owner. I pride myself on not relying on others for support.
Because of this, the wording I hear in commercials,
“Ask the wealthy to pay a little more,”
makes it sound like I can’t make it without a biscuit thrown from the wealthy.
I think saying,
“Ask the wealthy to pay a more fair share”,
would sit better with many people.
Just my thought. Thanks!! I’m voting OBAMA!
Location: Knoxville, MD