To be fair - both sides of the aisle were in favor of letting the payroll tax holiday expire a year ago....Obama pushed it through once, but couldn't again. A rare bipartisan moment for our government these days....
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Apple Paid $6 Billion in Federal Income Tax in 2012, 1/40 of All U.S. Corporate Income Tax Collected
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To be fair - both sides of the aisle were in favor of letting the payroll tax holiday expire a year ago....Obama pushed it through once, but couldn't again. A rare bipartisan moment for our government these days....
If you rent you are still paying property tax - just indirectly. A landlord wouldn't last very long if he didn't include property taxes with his rent.
There is also federal and local taxes on cable, internet, cell phones, gas, etc etc etc. A lot of taxes are hidden in the prices you pay for things.
Did you also vote for your country in the previous administration that nearly ruined us financially?
Except the tea party is the ultimate "me first" organization.
No matter who is President, or who controls congress, you can still make something of yourself. You might get taxes an extra 3% if you're extremely successful but you can't blame your lack of success on the President.
At the end of the day the governments in whatever country have to sort this out so companies HAVE to pay an appropriate amount of tax.
At present companies are obliged to avoid tax otherwise they can be sued by their shareholders.
At present companies are obliged to avoid tax otherwise they can be sued by their shareholders.
True, It is not "technically" a tax hike, but it will make my take home pay drop enough for me to take notice and to me that is a tax hike in wallet and once more people start seeing their first Paychecks of 2013 the backlash will be bad towards the President.
I think I might drive to Kailua and protest outside his vacation home now. Ha ha.
Ok - sure. But my "property tax" is used along with the other hundreds of tennants - a smaller drop in the bucket.
My point was - income tax is the top tax for most low income families. While I recognize everyone pays taxes in some form or another, the truth is close to 50% don't pay income tax - the biggest of them all.
lets be fair there was little support for it by either side. Hence the reason it went away.
now the Pay roll tax did a lot more for the economny that reduce taxes at the top. Mostly because a good chunk of that money was injected in at the bottom.
Trickle up works a hell of a lot better than trickle down.
A) We are already a partially socialist nation
B) Nobody is trying to move toward pure socialism
Socialism has become the buzzword to criticise Obama, but it's truly being used out of context. Being a moderate that leans left, I WANT the government to take some of my money and assist my friends and family (all over this great country) in ways they need it. The government is more adept at delivering it where it is needed than myself or my Church is. (Some areas of the nation or groups of people need more help at times than others...this is not easily managed by individual giving. Edit: and people or organizations are more prone to showing favoritism or prejudice in who their support is given to.) HOWEVER, we just need to get this crap under control and make it more efficient and use these programs to enable people and then wean them off.
But these are just my views....I know not everyone agrees....
They won't touch the defense budget, which is one of the reasons I'm not all for them. They do oppose higher taxes and spending on the local level.
Renter still pay property tax indirectly. Heck it already has been figured out renters are hit a hell of a lot harder by an increase in property tax that home owners in how rent gets pushed up to cover it. They push up the rent more than what the property tax increase turned out to be.
I agree about cutting defense, but I think it's better to tax businesses in a way other than loophole-filled income tax.
I was wondering why people were acting like renters don't pay property taxes...
You've already admitted that you don't pay any income tax, so what is your point?
I was too young - but the fact that you cling to the "It's all Bush's fault" narrative cracks me up. CLINTON's housing policies caused the collapse, the DEMOCRATIC congress during Bush's terms didn't help matters, and no, Bush's spending didn't help either.
I'm sure you blame Congress now and not the President for the fact we still haven't made any progress.....can't have it both ways bud. There's blame enough for everyone - but my vote was AGAINST socializing our government, plain and simple.
Ok? When did I bring up the tea party?
For now - I'm sure those in other socialist countries said the same thing towards the beginning.
Bush is not a representative of all Republicans. He is/was an idiot. And even if most Republican president candidates would increase military spending, remember that the Executive Branch is not the only branch of American government. I'm not a Republican, but I just generally support local and state Republican candidates more often.
How do you know what he thinks?
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Depends on the business. If there is a lot of competition, they'll go as low as possible with the current costs and taxes.
Sure - I think more people would be willing to give more money to the government if they knew it would be spent even remotely responsibly.....but the fact remains I would NEVER give money to someone who was way in debt and used previous loans to pay for superfluous things (with some necessities sprinkled in) instead of making his debts right.
I would disagree about the church - at least where mine is concerned. I'd rather give a whole heck of alot more money to my church than the government at this point - if the end goal is feeding the poor.....which has apparently become part of the government's job description.
That 50% figure is misleading as many were temporarily removed from the federal tax roles due to the 2009 Stimulus. They have since expired. Before our collapse, 40% was the norm. Of that 40%, many are elderly, disabled and students (future taxpayers).