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Top Earners Pay Higher Tax Rates Even Without Buffett Rule [Obama Lies in Florida Today!]
SF Gate ^ | 4/10/12 | R Rubin

Posted on 04/10/2012 8:15:48 AM PDT by SoFloFreeper

President Barack Obama is promoting a "Buffett rule" setting a minimum tax rate for top earners to ensure they pay a higher percentage of their income than middle- class families. For the most part,they already do.

The average tax rate, including payroll taxes, for the middle 20 percent of U.S. families will be 15.9 percent in 2015, according to an estimate by the Tax Policy Center, a nonpartisan research group in Washington. Of the 217,000 households that would be affected by the Buffett rule, 4,000 will have incomes exceeding $1 million and tax rates lower than 15 percent, under slightly different measures of income and taxes by the center.

(Excerpt) Read more at sfgate.com ...


TOPICS: Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: 2012; taxes
Obama is giving a speech to a bunch of college kids today. He is lying to them.
1 posted on 04/10/2012 8:15:57 AM PDT by SoFloFreeper
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To: SoFloFreeper; ding_dong_daddy_from_dumas; DoughtyOne; calcowgirl; Gilbo_3; Impy; ...

Obama has been doing this Buffet Rule skit for many-many months now and aimless Republicans seem to have no idea how to counter it. (They fell into the FICA/SS tax trap earlier.)

They have no idea how to fight a political battle.


2 posted on 04/10/2012 8:26:53 AM PDT by sickoflibs (Obama : "I will just make insurance companies give you health care for 'free, What Mandates??' ")
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To: SoFloFreeper

but how much more will Buffett and his secretary pay under the Buffett rule ?


3 posted on 04/10/2012 8:33:33 AM PDT by molson209
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To: SoFloFreeper
For the Obama voterbase, and those who are parasites off others, the tax rate is ZERO.

Likewise, they even get "Tax Rebates", although they've never paid in a dime.

Voting for other people's earnings is a way of life for the inner city tribal parasites.

4 posted on 04/10/2012 9:01:16 AM PDT by traditional1 (Don't gotsta worry 'bout no mo'gage, don't gotsta worry 'bout no gas; Obama gonna take care o' me!)
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To: SoFloFreeper

Isn’t Buffet suing the government over taxes due? If so, so much for the Buffet Rule.


5 posted on 04/10/2012 9:35:12 AM PDT by From The Deer Stand
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To: sickoflibs; SoFloFreeper; ding_dong_daddy_from_dumas; DoughtyOne; calcowgirl; Gilbo_3; Impy

It is clear to me, the GOP House & Senate don’t want to win.
this year. Nice, safe minority program. Just divvy up the swag with the Democrats. Who wants to argue in public with a black POTUS?


6 posted on 04/10/2012 9:48:07 AM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: SoFloFreeper

“High earners” shouldn’t pay any more in ACTUAL DOLLARS, let alone higher rates, to support the government.

Why should your income have ANYTHING to do with this obligation? An obligation which, by the way for ALL of us should be a small fraction of its current truly criminal level.


7 posted on 04/10/2012 9:55:54 AM PDT by EyeGuy (2012: When the Levee Breaks)
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To: stephenjohnbanker; sickoflibs; SoFloFreeper; ding_dong_daddy_from_dumas; DoughtyOne; calcowgirl; ...
It is clear to me, the GOP House & Senate don’t want to win. this year. Nice, safe minority program. Just divvy up the swag with the Democrats. Who wants to argue in public with a black POTUS?

ding ding ding...they only 'represent' themselves and the extra feathers for their own nests...

the handful that would do anything vs a halfrican pOTUS are all marginalized and/or scared to death of pissing off those who could snuff em politically, and literally, and get away with it...

the Republic is essentially dead, just waitin on the autopsy and whether Dr Frankenstein can re-animate it again, and if it will resemble anything like it once did, or if it will simply be a more menacing 'monster' than it currently is...

8 posted on 04/10/2012 10:48:25 AM PDT by Gilbo_3 (Gov is not reason; not eloquent; its force.Like fire,a dangerous servant & master. George Washington)
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To: Gilbo_3; sickoflibs; SoFloFreeper; ding_dong_daddy_from_dumas; DoughtyOne; calcowgirl; Impy

McCain campaigned for Obama, now the House & Senate is as silent as a tomb. Not hard to figure.


9 posted on 04/10/2012 11:14:07 AM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: stephenjohnbanker; SoFloFreeper; ding_dong_daddy_from_dumas; DoughtyOne; calcowgirl; Gilbo_3; ...
RE :”It is clear to me, the GOP House & Senate don’t want to win. this year. Nice, safe minority program. Just divvy up the swag with the Democrat

As we have seen if they are in the minority it makes it easy for them to vote ‘NO’ on everything with little or no risk of a backlash by voters.

They have a tough sell at this point in history :that" it is critical for us that Buffet's taxes NOT go up even with his nasty attitude about it while the government cannot afford current medicare benefits to us when we retire that we must pay those taxes for at the same time". It is not completely impossible but it is difficult at this time in history to sell that. Why?

1) Bush legacy (2008 economy after Bush tax cuts)
2) Romney is that last person who can sell the idea.(super rich)

I saw on FNC Special Report Bret Baier showed a majority of people unhappy with Obama on the economy, and he showed another saying they trust Obama more than Romney on the economy and taxes.

Only a disaster for Obama will help Republicans now.

10 posted on 04/10/2012 7:56:32 PM PDT by sickoflibs (Obama : "I will just make insurance companies give you health care for 'free, What Mandates??' ")
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To: sickoflibs

Joe Arpaio may be our last hope.


11 posted on 04/10/2012 8:01:10 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: stephenjohnbanker; SoFloFreeper; ding_dong_daddy_from_dumas; DoughtyOne; calcowgirl; Gilbo_3; ...

I was just skimming threw today’s The Morning Joe and they showed Axelrod a Wash Post/ABC poll showing Romney beating Obama on handling the economy and handling the deficit opposite of the one on FNC. So maybe there is hope :)

Naw.....


12 posted on 04/10/2012 8:06:19 PM PDT by sickoflibs (Obama : "I will just make insurance companies give you health care for 'free, What Mandates??' ")
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To: sickoflibs

correction, ‘through’


13 posted on 04/10/2012 8:07:58 PM PDT by sickoflibs (Obama : "I will just make insurance companies give you health care for 'free, What Mandates??' ")
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