Keyword: fairshare

Brevity: Headers | « Text »
  • How high should tax rates go? Obama: ‘I don’t have a particular number in mind’

    07/26/2014 8:52:45 AM PDT · by Rusty0604 · 51 replies
    AEIdeas ^ | 07/25/2014 | James Pethokoukis
    Here is President Obama in a chat yesterday with CNBC’s Steve Liesman: STEVE LIESMAN: Mr. President, ... You’ve said a bunch of times that getting the wealthy to pay a little bit more, and you’ve succeeded in raising that top tax rate to 39% or rolling back the tax cuts. Is there a limit there? Is there a limit to how much you believe the government should take from an individual in terms of a top tax rate? PRESIDENT OBAMA: You know, I don’t have a particular number in mind, but if you look at our history we are still...
  • Obamas pay $98,169 in taxes on income of $481,098

    04/11/2014 2:37:48 PM PDT · by kingattax · 31 replies
    Yahoo/AP ^ | 4-11-14 | DARLENE SUPERVILLE
    WASHINGTON (AP) — President Barack Obama and Michelle Obama paid $98,169 in taxes on $481,098 income last year, tax returns the White House released Friday show. They paid an effective federal income tax rate of 20.4 percent and donated significantly less to charity than they did the year before. The 42-page document, which included the couple's Illinois state income tax return, shows the Obamas reported donating $59,251 to 32 charities, which helped lower their overall tax bill. The nearly $60,000 in donations represents 12.3 percent of their adjusted gross income.
  • Downworthy A browser plugin to turn hyperbolic viral headlines into what they really mean (SOTU?)

    01/27/2014 12:59:12 PM PST · by longtermmemmory · 11 replies
    http://downworthy.snipe.net/ ^ | 1/27/2014 | snipe at snipe.net
    Because Enough is Enough Already. We've all seen them - the clickbait headlines that websites like Buzzfeed, ViralNova and UpWorthy use to drive traffic, especially through social networks. Even Huffington Post has jumped on the bandwagon of endless recycled listicles and bombastic titles. Downworthy replaces hyperbolic headlines from bombastic viral websites with a slightly more realistic version. For example: "Literally" becomes "Figuratively" "Will Blow Your Mind" becomes "Might Perhaps Mildly Entertain You For a Moment" "One Weird Trick" becomes "One Piece of Completely Anecdotal Horseshit" "Go Viral" becomes "Be Overused So Much That You'll Silently Pray for the Sweet Release...
  • Once more, with feeling: Oil companies pay plenty of their “fair share” in taxes

    05/30/2013 7:58:23 AM PDT · by SeekAndFind · 5 replies
    Hotair ^ | 05/30/2013 | Erika Johnsen
    This isn’t breaking news or anything, but it never ceases to amaze how swiftly politicians will throw much-maligned, greeedy big-oil companies and market speculators under the bus whenever gas prices begin a precipitous rise. Although the Obama administration is momentarily occupied with their headlining policy agenda (immigration, his umpteenth “pivot” to jobs and the economy, the healthcare rollout), there were several pointed provisions about energy in Obama’s budget proposal, and I have no doubt we’ll hear about the many supposed sins of oil companies and the need to forcibly wean ourselves off of fossil fuels with renewed vigor before long,...
  • Going Galt

    05/16/2013 8:36:42 AM PDT · by Aspenhuskerette · 5 replies
    The Aspen Times (CO) ^ | May 16, 2013 | Glenn Beaton
    President Obama a few months ago signed a bill to increase taxes by $600 billion. The title of the bill is the American Taxpayer Relief Act. As for the fourth word of that title, if you’re Obama, apparently you spell “relief” as follows: T-A-X-I-N-C-R-E-A-S-E. The president thereby achieved his goal of transferring more money away from the people who earned it with their labor over a lifetime and into the hands of people who earned it with their votes in November. As he relieved the former of the burden of their money, he thanked them: “I just want to thank...
  • This Is What Class Envy Liberals Think An "Unfair Share" For The Rich Looks Like...

    04/15/2013 9:48:00 AM PDT · by The Looking Spoon · 6 replies
    The Looking Spoon ^ | 4-15-13 | The Looking Spoon
  • War Against the Young

    04/14/2013 10:46:46 AM PDT · by goodnesswins · 43 replies
    National Review ^ | 4/9/13 | Victor Davis Hansen
    “What’s the matter with Kansas?” syndrome of young people voting against their economic interests. Thus follows the constant courting of the hip and cool Beyoncé, Jay-Z, Lena Dunham, Occupy Wall Streeters, and others who blend pop culture, sex, youth, energy, and fad — almost anything to avoid the truth that today’s teenagers are starting out each owing a lifetime share of the national debt amounting to more than three-quarters of a million dollars. Those who ran up the debt enjoyed the borrowing, but won’t be around to pay back their proverbial fair share.
  • Obamas paid a lower tax rate in 2012 than most Americans in their income bracket

    04/12/2013 2:59:19 PM PDT · by Nachum · 32 replies
    Daily Mail ^ | 4/13/13 | Hayley Peterson
    President Obama and First Lady Michelle Obama paid $112,214 in federal taxes on $608,611 in income last year for a tax rate of 18.4 percent, which is slightly lower than the average rate paid by others in their income bracket. Most American households making between $500,000 and $1 million paid a 20.6 percent rate in 2012, according to the nonpartisan Tax Policy Center. In spite of the lower tax rate, the Obamas still managed to overpay taxes last year to the tune of $16,815, according to their tax returns, which were released by the White House on Friday.
  • The rich pay majority of U.S. income taxes

    03/13/2013 6:38:44 PM PDT · by Pharmboy · 30 replies
    CNNMoney ^ | March 13, 2013 | Steve Hargreaves
    <p>Put down your pitchforks. The wealthiest 10% pay a big majority of federal income taxes. Pick up your pitchforks. The story is more complicated than that.</p> <p>Many people think that the rich are able to weasel their way out of taxes, but they actually pay an overwhelming majority of the taxes in the United States. What's more, their share of the tax burden is increasing.</p>
  • Tax Bills For The Rich Near 30-Year High

    03/03/2013 12:35:21 PM PST · by tobyhill · 4 replies
    KWTX ^ | 3/3/2013 | staff
    Although Washington is gridlocked again over whether to raise taxes on the rich, wealthy families are already are paying some of their biggest federal tax bills in decades, while the rest of the population continues to pay at historically low rates. A new analysis shows that average tax bills for high-income families rarely have been higher since the Congressional Budget Office began tracking the data in 1979.
  • California Dreamin'

    03/01/2013 11:23:32 PM PST · by Kaslin · 11 replies
    Townhall.com ^ | March 2, 2013 | Bill O'Reilly
    LOS ANGELES -- It is Academy Awards weekend in the nation's entertainment capital, and the 1 percenters are out in force. Wealth displays are running riot; robust consumption is the philosophical standard. I am staying at the legendary Hotel Bel-Air, a place where a cheeseburger and fries costs more than $30. Business is good. For most guests, money is no concern. They have it; they spend it. Life for the swells is sweet -- or at least they want you to think it is. President Obama has little use for these wealthy people, but strangely, many of them fervently love...
  • Facebook Paid No Income Taxes in 2012: Report

    02/15/2013 3:31:57 PM PST · by ObozoMustGo2012 · 11 replies
    CNBC ^ | 2/15/2013 | Cadie Thompson
    <p>Facebook didn't pay any federal or state income taxes last year and will receive a hefty tax refund, according to a recent report.</p> <p>How did the social network manage to swing such a nice tax break?</p>
  • Call them fair share zombies

    01/13/2013 4:44:13 PM PST · by campg · 9 replies
    Waterloo-Cedar Falls Courier ^ | 1/13/13 | Dennis Clayson
    Anyone who uses the term "fair share" when writing or talking about government revenues should be required to take a physical. We need to discover if they are indeed alive. One can see them figuratively as zombies shuffling down the street, driven by an unquenchable appetite to eat the rich. Instead of growling, they keep repeating "fair share, fair share." Their brains are no longer alive, but they are automated nevertheless by a virus spread by political demagogues who gain power by creating social class enmity and propagating greed. The ironies inherent in the "fair share" demagogues are delicious, if...
  • Hilarious: Obama Voters Furious About Tax Hikes

    01/07/2013 7:28:58 PM PST · by Beave Meister · 32 replies
    Independent Journal Review ^ | 1/7/2013 | Kyle Becker
    Democrat voters received a dose of economic reality after their New Year’s hangovers wore off, when they looked down at their 2013 paystubs and saw not Obama bucks, but higher federal taxes. How misplaced was their trust in re-electing defender of the middle class tax-raiser President Obama? Workers making $30,000 will take a bigger hit on their pay than those earning $500,000 under the fiscal cliff deal. And Democrats are seeking $1 trillion more in tax “revenue” by the end of this year. Now, it’s not nice to laugh at other people’s shock and surprise, but this is about as...
  • CURL: Obama supporters shocked, angry at new tax increases

    01/06/2013 4:23:49 PM PST · by Reagan is King · 107 replies
    The Washington Times online ^ | Sunday, January 6, 2013 | Joseph Curl
    Sometimes, watching a Democrat learn something is wonderful, like seeing the family dog finally sit and stay at your command. With President Obama back in office and his life-saving “fiscal cliff” bill jammed through Congress, the new year has brought a surprising turn of events for his sycophantic supporters. “What happened that my Social Security withholding’s in my paycheck just went up?” a poster wrote on the liberal site DemocraticUnderground.com. “My paycheck just went down by an amount that I don’t feel comfortable with. I guarantee this decrease is gonna’ hurt me more than the increase in income taxes will...
  • Obama's Affirmative Action: Tax Increases for Everyone!

    01/07/2013 10:52:09 AM PST · by Kaslin · 11 replies
    Townhall.com ^ | January 7, 2013 | Morgan Brittany
    Here we go again folks, the Obama lies continue to flow.  Remember when he said this?  “I can make a firm pledge.  Under my plan no family making under $250,000 a year will see any form of tax increase.  Not your income tax, not your payroll tax, not your capital gains, not any of your taxes.”  Really.  Then how is it that this week when people got their payroll checks they were a little thinner than they were in 2012?  I’m not talking about the “evil rich”, but the average everyday worker.  With the expiration of the payroll tax cut,...
  • Tax Hikes: You’re Next!

    01/07/2013 10:34:16 AM PST · by Kaslin · 11 replies
    Townhall.com ^ | January 7, 2013 | Dan Holler
    South Carolina’s James Clyburn, the third ranking Democrat in the House, appeared overwhelmed with joy. He proclaimed: “So here we are on New Year’s night, with the clock running out on the very existence of this Congress, finally considering bipartisan legislation to provide middle class tax cuts, require the wealthiest to, once again, pay their fair share so we can grow the economy, create jobs and protect the most vulnerable in our society.” The twenty-year House veteran appeared convinced that deal crafted less than 24 hours earlier satisfied President Obama’s “fair share” campaign promise. Mr. Clyburn was not alone, though....
  • Winning Ugly: Obama and the Fiscal Cliff

    01/04/2013 5:53:30 AM PST · by Kaslin · 15 replies
    Townhall.com ^ | January 4, 2013 | Jonah Goldberg
    By all accounts, President Obama won the fiscal cliff showdown. Why anyone would take much pride in this kind of "win" is beyond me. It's a bit like being the least filthy toddler in the mud pit. One of the main reasons Obama won, according not only to Obama but an at times cheering press, is that he had a mandate. He ran on the need for the wealthy to "pay their fair share." To his credit, Obama never said raising taxes on the "rich" will solve all of our problems. What he did say, however, is that he couldn't...
  • Obama: We raised taxes, but the rich still aren’t paying their fair share

    01/03/2013 12:36:28 PM PST · by Hoodat · 50 replies
    Washington Examiner ^ | January 2, 2013 | 7:27 pm | Modified: January 3, 2013 at 11:45 am | Joel Gehrke
    President Obama cut a video, distributed by his reelection, to reiterate his belief that the wealthiest Americans still aren’t paying their “fair share” of taxes and to outline a second-term agenda ranging from environmental policy to gun control. Obama started by celebrating the tax increases — “making our tax code more progressive than it’s been in decades,” he said — that will take place because of the fiscal cliff deal. “Obviously, there is still more to do when it comes to reducing our debt,” Obama said in the video. “And I’m willing to do more, as long as we do...
  • Obama's Thug America

    01/02/2013 7:04:08 AM PST · by Kaslin · 14 replies
    Townhall.com ^ | January 2, 2013 | Ben Shapiro
    Progressivism in America has always been a thuggish ideology. It rests on the notion that laws require no evidence to support their implementation, that intentions are all that matter and that those who oppose "change" of the sort progressives like are morally deficient. Progressivism requires Americans to separate off certain groups in American life as evil -- the rich ("greedy!"), gun owners ("hooligans!"), traditionally religious people ("sexists!"), Constitutional government advocates ("bigots!"). It requires that certain Americans be cast as good -- racial and ethnic minorities, low income earners and women ("victimized!"), irreligious people ("rationalists!") and big government advocates ("experts!"). Progressivism...
  • Obama's Tax Evaders of the Year

    01/02/2013 4:04:40 AM PST · by Kaslin · 3 replies
    Townhall.com ^ | January 2, 2013 | Michelle Malkin
    President Obama will kick off the new year the same way that he kicked off the old year: by demanding that the wealthy pay their "fair share" in taxes. But while millions of small-business owners, struggling entrepreneurs, inventors and investors brace for a double whammy of fiscal cliff tax hikes and new Obamacare taxes, the class-warrior in chief's richest pals are getting a pass. It's a Golden Pass for liberal millionaires and billionaires who support higher Obama taxes for everyone but themselves. Meet the Democratic tax evaders of the year. -- Google. The left-wing Internet giant provided Silicon Valley's biggest...
  • Let the Real Fat Cats Pay Their Fair Share

    12/13/2012 4:35:59 AM PST · by Kaslin · 19 replies
    Townhall.com ^ | December 13, 2012 | Victor Davis Hanson
    Who exactly were the rich who, as the president said, were not "paying their fair share"? The rapper Jay-Z (net worth: nearly $500 million)? The actor Johnny Depp (2011 income: $50 million)? Neither seems to have heard the president's earlier warning that, "at a certain point you've made enough money." Could both zillionaires simply have quit making money at $10 million -- and thereby given their poorer audiences a break on ticket prices? With all the talk of raising taxes on the supposedly conservative wannabes who make $250,000 per year, why not additionally levy a $3 surcharge on discretionary tickets...
  • The Washington Post Company Accelerates Payment of 2013 Dividends

    12/07/2012 6:21:14 PM PST · by george76 · 21 replies
    yahoo ^ | Dec 7, 2012
    The Board of Directors of The Washington Post Company (WPO) today announced ... an accelerated cash dividend ... This accelerated dividend is intended by the Board to be in lieu of regular quarterly dividends that the Company otherwise would have declared and paid in calendar year 2013
  • Hey, Fat Cat Unions: Pay Your "Fair Share"

    12/07/2012 4:27:04 AM PST · by Kaslin · 4 replies
    Townhall.com ^ | December 7, 2012 | Michelle Malkin
    Message for wealth-bashing millionaire actor Ed Asner: Man up and take responsibility for lying to America's schoolchildren. Confronted by a producer for Fox News Channel's "The Sean Hannity Show" this week, the left-wing celebrity claimed he couldn't remember "a thing (he) said" on a vile propaganda video produced and published by the California Federation of Teachers. Asner narrated the unforgettable eight-minute anti-capitalist screed geared toward children. Think Occupy Wall Street meets Sesame Street. "Things go downhill in a happy and prosperous land after the rich decide they don't want to pay taxes anymore," Asner warbles in a folksy grandpa voice....
  • Fair shares for everyone

    12/01/2012 7:30:13 PM PST · by combat_boots · 38 replies
    The Guardian ^ | 21 September 1999 | ---
    A group in the Midlands are pooling their income and distributing it according to needs. Andrea Smith reports Share Part-time management consultant Guy Simmons earns Ł322 a week - yet every time he needs a new shirt for work, he has to get the agreement of five other people. Guy, 52, is a member of an East Midlands group called Snowball, which opposes capitalism and consumerism. The five adult members and one child pool every penny of their income, redistributing it according to need. Youth worker Katy Wright, 36, says: "Really, we are a little welfare state, but we are...
  • Examiner Editorial: If top 5% paid 40% of taxes, what is their 'fair' share?

    11/25/2012 5:22:42 AM PST · by upchuck · 63 replies
    Washington Examiner ^ | Sunday, November 25, 2012
    Riding a wave of confidence after his re-election victory, President Obama is eager to collect scalps from the class war he appears to have won. Americans, Obama said in his postelection news conference earlier this month, "want to make sure that middle-class folks aren't bearing the entire burden and sacrifice when it comes to some of these big challenges. They expect that folks at the top are doing their fair share as well." House Minority Leader Nancy Pelosi, D-Calif., echoed this point in a fundraising pitch sent out on Monday: "Voters sent a clear message to Republicans in the election:...
  • Pelosi: Tax rates must go up on rich

    11/18/2012 11:21:31 AM PST · by Libloather · 56 replies
    Politico ^ | 11/18/12 | SEUNG MIN KIM
    Pelosi: Tax rates must go up on richBy SEUNG MIN KIM | 11/18/12 10:30 AM EST **SNIP** “The president made it very clear in his campaign that there is not enough -- there are not enough resources,” Pelosi said in an interview aired Sunday on ABC's “This Week. “Just to close loopholes is far too little money … If it's going to bring in revenue, the president has been very clear that the higher income people have to pay their fair share.”
  • CRAIGSLIST Employment Ad: Fight for Democracy! REELECT OBAMA AND OTHER PROGRESSIVES*SalariedJobs

    10/13/2012 8:59:20 AM PDT · by tcrlaf · 25 replies
    Craigslist ^ | 10-13-12 | TCRLAF
    Date: 2012-10-11, 10:41AM EDT Help Re-Elect President Obama and other progressive candidates! Keep our country moving forward! Make a difference this November! Travel to swing states and swing Congressional districts this election season to organize a winning grassroots campaign to re-elect President Obama and other progressive candidates . We are bringing on Campaign Associates for leadership positions in key races this fall. Travel to a state that could decide the presidential race or the balance of power in Congress Get grassroots campaign experience! It's Time to Get Out The Vote! We need Directors! or call: (734) 531-9462 for more info...
  • Obama: 'We Don't Believe Anybody Is Entitled to Success in This Country'

    10/05/2012 9:58:22 AM PDT · by tapatio · 142 replies
    The Weekly Standard ^ | Oct. 5,2012 | Daniel Halper
    Obama: 'We Don't Believe Anybody Is Entitled to Success in This Country'
  • Obama: “Mitt Romney sure can afford to pay a little more”

    09/23/2012 1:25:44 PM PDT · by SeekAndFind · 36 replies
    Hotair ^ | 09/22/2012 | ERIKA JOHNSEN
    The release of over two decades of Mitt Romney's tax information on Friday must have been so anticlimactic for Team Obama --- not only does it turn out that Romney contributed a boatload of money towards the federal coffers, but he's also an almost wildly generous and charitable individual to boot. After the monumentally huge deal Team O made out of the tax returns, with dodgy "secrecy" ads and unsubtle fat-cat jabs out the wazoo, they don't seem to be seizing on the information with quite the fervor you would've expected.Yes, Romney is hugely wealthy, and hey, maybe some of...
  • Two men charged with stealing $50,000 from Obama Chicago campaign headquarters

    09/22/2012 7:55:13 PM PDT · by tellw · 26 replies
    Chicago Sun-Times ^ | 9/22/12 | Tina Sfondeles
    Two men were behind bars for allegedly stealing more than $50,000 in checks from President Barack Obama’s Chicago campaign headquarters. Jessie Adams, 36, of the 1100 block of Spencer Road in Joliet, was charged with one count of being an organizer of a financial crime enterprise.
  • Your Fair Share

    09/22/2012 4:14:03 AM PDT · by Kaslin · 15 replies
    Townhall.com ^ | September 22, 2012 | John C. Goodman
    Barack Obama doesn't think the rich are paying their fair share of income taxes. So what is their fair share? I posed this question to Fox News commentator Juan Williams in Dallas the other day. "The top 10 percent of income earners are paying 71 percent of all income taxes," I said. "Isn't that enough?" Although Juan was trying to defend the Obama position, he didn't have an answer. Then I turned the question around. "The bottom one-half of the population is paying zero, or close to zero, income taxes. What's their fair share?" He didn't have an answer to...
  • The Rich Pay Their Fair Share in Taxes — And Then Some

    08/09/2012 7:04:08 AM PDT · by Kaslin · 4 replies
    Townhall.com ^ | August 8, 2012 | Jeff Jacoby
    ARE AMERICANS EAGER for higher taxes on the affluent? Barack Obama and his allies clearly think so. The president who came to office vowing to "spread the wealth around" by raising taxes on individuals with incomes above $200,000 is doubling down, making a tax hike on the rich the centerpiece of his campaign for reelection. "We should ask the wealthiest Americans to pay a little more," he urged a White House audience last week. "We're talking about folks like me going back to the tax rates that existed under Bill Clinton.… And here's the thing -- there are a lot...
  • Wealthy Socialite/Top Democratic Donor Denise Rich Renounces Her U.S. citizenship

    07/09/2012 10:45:50 PM PDT · by tcrlaf · 50 replies
    UK DAILY MAIL ^ | 9 July 2012 | Daily Mail.Reuters
    -Songwriter also has Austrian citizenship through her late father -Former husband Marc Rich fled the country when indicted on charges of tax evasion - but was pardoned by President Clinton in 2001 -House of Representatives committee later found Denise Rich had swayed the decision through donations to Clinton campaign -Comes as the latest wealthy American to denounce citizenship Denise Rich, the wealthy socialite and former wife of pardoned billionaire trader Marc Rich, has given up her U.S. citizenship - and, with it, much of her U.S. tax bill. Rich, 68, a Grammy-nominated songwriter, top Democratic donor and glamorous figure in...
  • US Federal Individual Income Taxes by Income Level 2001-2009

    07/05/2012 8:10:52 PM PDT · by justlurking · 29 replies
    Internal Revenue Service ^ | July, 2011 | IRS
    Since the "soak the rich" rhetoric has begun again, I though it was a good time to make sure that everyone knows exactly how adjusted gross income and federal individual income taxes are distributed among the various income brackets. I hope the moderators will indulge me and leave this in front-page news. I encourage everyone to bookmark this thread or the original source of data, so that you can refer to it when someone claims that the rich aren't paying their fair share. First, let's start with the source of the data: http://www.irs.gov/pub/irs-soi/09in03etr.xls That's an Excel workbook. If you don't...
  • Obama's Marc Anthony Ad is Another Embarrassment for the Campaign

    06/10/2012 6:38:28 PM PDT · by Beave Meister · 23 replies
    Yahoo News ^ | 6/7/2012 | Tara Dodrill
    COMMENTARY | Yet another celebrity advertisement for President Barack Obama was unveiled earlier this week. While Marc Anthony may be an attractive and accomplished singer, he likely does not have much in common with the typical Latino voter. Anthony's impassioned plea that Obama needs another term to continue "making progress" and that he "has our backs" during the video clip republished on The Blaze neglects to mention that Anthony himself has proven he cares little about the nation's debt. According to document excerpts published by the Washington Free Beacon, Anthony is a "tax-dodger" who owed more than $3 million back...
  • What are the Tax Implications of the Zombie Apocalypse? (Death and Taxes and Zombies)

    05/26/2012 10:48:48 AM PDT · by DogByte6RER · 16 replies
    IO9 ^ | May 26, 2012 | Lauren Davis
    What are the tax implications of the zombie apocalypse? The only certainties in life are death and taxes, but how do you handle the taxes when death doesn't go quite as planned? Law professor Adam Chodorow takes a stab at estate planning for the undead in perhaps the only legal paper to cite both the Internal Revenue Code and Weekend at Bernie's II. Chodorow, a professor at Arizona State University's Sandra Day O'Connor College of Law, authored the paper "Death and Taxes...and Zombies," which will appear in a forthcoming issue of the Iowa Law Review. Chodorow notes that, while the...
  • NBC: Tax loophole costs billions

    05/03/2012 11:12:51 AM PDT · by Beave Meister · 34 replies
    NBC ^ | 4/26/2012 | Bob Segall
    Millions of illegal immigrants are getting a bigger tax refund than you. Eyewitness News shows a massive tax loophole that provides billions of dollars in tax credits to undocumented workers and, in many cases, people who have never stepped foot in the United States. And you are paying for it! Note: This is part one in a two-part series. Read part two here. INDIANAPOLIS - Inside his central Indiana office, a longtime tax consultant sits at his desk, shaking his head in disbelief. "There is not a doubt in my mind there's huge fraud taking place here," he said, slowly...
  • Played for sucker: Biden's empty rhetoric

    04/14/2012 5:14:47 AM PDT · by billorites · 9 replies
    Manchester Union Leader ^ | April 14, 2012 | Editorial
    Vice President Joe Biden, bless his heart, tried hard to explain the White House's position on “fairness” during a stop in Exeter on Thursday. He blew so much hot air, the U.S.S. Constitution could have set sail. “We're not supposed to have a system with one set of rules for the wealthy and one set of rules for everyone else,” he said. Yet the Buffet Rule Biden was in town to promote creates a separate tax for millionaires that no one else has to pay. It is the definition of creating one set of rules for the wealthy and another...
  • Obama team slams Romney for not paying "fair share" of taxes

    04/10/2012 8:20:34 AM PDT · by Oldeconomybuyer · 42 replies
    CNBC ^ | April 10, 2012
    WASHINGTON - President Barack Obama's campaign team attacked his likely Republican opponent, Mitt Romney, on Tuesday for not paying his "fair share" of taxes ahead of a speech by the president on why millionaires should bear a larger tax burden. Obama's populist message is a clear swipe at Romney, the wealthy Republican front-runner likely to face him in the November 6 election, as the Democratic president seeks to appeal to blue-collar voters he will need to win a second term. One of the richest men ever to seek the White House, Romney paid an effective tax rate of 13.9 percent...
  • How stupid do rich people have to be?

    02/23/2012 2:27:46 PM PST · by landsbaum · 14 replies
    Let’s stipulate a few things. First, let’s say you’re rich. Second, let’s say you’re not stupid, which is likely. It’s difficult for stupid people to become rich. Now let’s stipulate that fairness-obsessed politicians want you to pay your, ahem, fair share in taxes. So, they double your tax rate – because you’re rich and can afford to pay more, of course. What do you do? Do you act stupidly? ...
  • Vanity: How to Shut Up the Class Warrior Hypocrites

    01/26/2012 2:23:04 PM PST · by central_va · 14 replies
    I am so sick of the President, Pelousi and the other rich class warriors on the democratic plantation telling us peons they don't pay their fair share. Well nobody is holding a gun to their head to ITEMIZE deductions on the income taxes are they? If a rich "hero" wants to pay his or her "fair share" just take the standard deduction (or no deductions) and send in a big fat check check to Timmy. No tax laws need to be changed and rich hero like Obama or Pelouse or < insert democrat name here > could take a no...
  • Great news: The “fair share” administration owes over $800,000 in back taxes

    01/26/2012 7:18:22 AM PST · by SeekAndFind · 7 replies
    Hotair ^ | 01/26/2012 | Ed Morrissey
    We heard a lot on Tuesday night from President Obama about the wealthy paying their “fair share” in his State of the Union speech. (Well, you heard it a lot; I read the speech and then commenced to have a life on Tuesday night.) Obama made half a dozen references to fairness in relation to taxes in the address, including taking a shot at Congress: But in return, we need to change our tax code so that people like me, and an awful lot of members of Congress, pay our fair share of taxes. Just like with charity, perhaps fairness...
  • Gingrich Used Payroll Tax Ploy Often Attacked By IRS

    01/24/2012 4:42:45 AM PST · by SeekAndFind · 74 replies
    Forbes ^ | 01/24/2012 | Janet Novack
    Newt Gingrich avoided tens of thousands of dollars in Medicare payroll taxes in 2010 by using a technique the Internal Revenue Service has consistently and successfully attacked. Republican Presidential candidate Gingrich and his wife, Callista, treated only $444,327 of what they got from Gingrich Holdings. Inc. and Gingrich Productions as compensation to them, while reporting a whopping $2.4 million of their earnings from these corporations as profits or dividends. Medicare taxes are levied at a rate of 2.9% on an unlimited amount of compensation and self-employment income (say, from a consulting contract, speeches or a book) but not on profits...
  • The GOP's Working Class Muddle (Santorum and Romney following Democrats class-warfare)

    01/10/2012 2:07:57 AM PST · by CutePuppy · 21 replies
    WSJ ^ | January 6, 2012 | Kimberley A. Strassel
    The Santorum and Romney campaigns are following Democrats down the class-warfare rabbit hole.Joe the Plumber might seem oh-so-2008, but as it happens he's alive and voting in New Hampshire, South Carolina and beyond. He's that unhappy voter that Republican contenders Mitt Romney and Rick Santorum are pitching so hard to win. A little too hard, as it happens. If Republicans have an opening this year, it is with the white working class, a crowd the Democratic Party has been hemorrhaging for decades. Barack Obama did better than John Kerry or Al Gore with these voters, though even he earned just...
  • Herman Cain says poor won’t pay ’9-9-9 income tax

    10/21/2011 12:29:30 PM PDT · by Evil Slayer · 93 replies · 1+ views
    Daily Caller ^ | 10/21/11 | Alex Pappas
    Republican presidential candidate Herman Cain said on Friday that poor Americans will not have to pay the 9 percent flat income tax under his now-famous “9-9-9” tax reform plan. During a speech in front of a vacant train depot in Detroit, the former Godfather’s Pizza CEO staunchly defended his signature tax proposal from critics who say it will raise taxes for lower-income Americans. Cain’s plan would throw out the current tax system in favor of a 9 percent corporate tax, a 9 percent income tax and a new 9 percent national sales tax. He said Friday that poor people under...
  • Romney's Guilty Republican Syndrome - defines 'rich' as $200,000 in income

    10/21/2011 2:16:57 AM PDT · by Fred · 7 replies
    wsj ^ | 102111 | KIMBERLEY A. STRASSEL
    As the GOP casts about for a response to Occupy Wall Street, at least one prominent Republican isn't sweating it. In the war over class, Mitt Romney is already waving a white flag. And therein lies one of his chief liabilities as a Republican nominee or president. The Occupy masses don't have a unified message, though the Democrats embracing them aren't making that mistake. President Obama helpfully explained that the crowds in New York and elsewhere are simply expressing their "frustrations" at unequal American society. The answer to their protests is, conveniently, his own vision for the country. If wealthier...
  • Ending the Discussion of "Fair Share" (What is the maximum % of income someone should pay in taxes?)

    10/15/2011 8:00:54 PM PDT · by SeekAndFind · 18 replies
    Forbes ^ | 10/15/2011 | Dean Zarras
    Let’s talk about “fair share.” President Obama certainly wants to. He’s “all in” on the notion that “the rich” don’t pay their “fair share” of taxes in this country. Indeed, he’s wagering his re-election on the bet that a majority of voters will agree with him. When the tyranny of the majority succeeds, Obama will win, too. As parents, one of our most important tasks is to know when to say “no” to our children. We all recognize a “brat” when we see one — a child who’s never been told “no”, and whines and complains until he or she...
  • White House: Millionaire tax isn’t enough

    10/07/2011 12:25:45 PM PDT · by Sub-Driver · 77 replies · 1+ views
    White House: Millionaire tax isn’t enough Neil Munro -- The Daily Caller 39 mins ago President Obama wants tax increases on the wealthy, regardless of whether the Democrats’ proposed millionaire tax becomes law, White House spokesman Jay Carney said Friday. “The president’s position has not changed” since he called for increased tax rates on individuals earning more than $250,000 per year, and for adoption of the “Buffett Rule,” Carney said during his midday press conference. Under the still-vague “Buffett Rule,” named for multi-billionaire investor Warren Buffett, the government would ensure wealthy people could not use current features of the tax...
  • Refuting the economics behind the 'rich don't pay their fair share' fallacy

    10/05/2011 2:00:33 PM PDT · by NevadaPolicyResearchInstitute · 7 replies
    Write on Nevada ^ | October 5, 2011 | Victor Joecks
    See yesterday's post for a refutation of the "rich don't pay their fair share" fallacy. Today, I'd like to address the economic philosophy behind that statement and why it is also wrong. The unstated, underlying economic assumption that many leftists make is that the rich have to pay their "fair share," because the rich are wealthy only because they have taken from society or the poor and that government must right that wrong through taxes or "spreading the wealth around." Nothing could be further from the truth. What's amazing about free-market capitalism is that the way you get rich is...