[quote]pittbulll wrote:
[quote]ZEB wrote:
[quote]pittbulll wrote:
The Republicans want to keep the Bush Tax cuts for the wealthy and want to allow pay roll deductions for the working stiff to expire
http://www.azcentral.com/news/articles/2011/08/22/20110822republican-payroll-tax.html#comments
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Let’s first start out with the premise that neither “the rich” or the working class can succeed without each other. It is a misnomer to think that either succeeds alone. For example, the Bush tax cuts (which Obama extended as even he knew the devastating effect raising taxes would have) were not just for the rich. It was a 5% across the board tax cut for every working man and woman in the country. But it’s been so politicized that many people actually believe that it was only for the rich. Every one had the advantage of that tax cut.
As for the payroll tax. It was originally a great idea to help the average working man and I liked it. But even then I wondered why wasn’t it extended to the many small businesses that employ some 67% of the workforce? The Mom and Pop ice cream stand that employs 5 people would have benefitted from a cut as well, as employers have to match each individual employee’s payment. But politics being what it is it was not extended to cover those folks.
If it had been extended to small business as well as the working people every one would have been better off. As the small business person would have had more money to reinvest in that ice cream stand. Or, perhaps put it back into the economy by making some sort of purchase which helps working men and women in other industries. But when the government keeps I think we’ve seen how responsible that they are with our money.
The bottom line is that when small business expands then more working class people are hired. It’s one economy each dependent on the other. We need to look at this in a new way and stop railing on the other side. If it were not for hard working men and women there would be no business. If it were not for creative small business people there would be no place for people to work.
Fair enough?[/quote]
I agree that neither can live alone ,[/quote]
Hey my Dad was a democrat voting union man all his life. And I’ve seen first hand how hard he worked and I’d take great exception with people who claim that otherwise.
And did you know that the great disparity between rich and poor has never been greater than under President Obama? His policies are not helping the rich, the middle class, or the poor!
[quote]The Wealthy like to mention all the different taxes we as Americans pay and I agree we pay too much tax. But when the wealthy discuss the way we devide the bill , the wealthy want us to believe that because the bottom %50 pay no income taxes that they are some how exempt from paying taxes at all.
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Did you know that the top 10% of all taxpayers pay 70% of the all taxes? Here is a report from the NTU (National Taxpayers Union) they are a non partisan group.
http://ntu.org/tax-basics/who-pays-income-taxes.html
What I would like to see is a fair flat tax. But aside from that let’s close all the loopholes for anyone making the big bucks. I think we can agree on that one.