Uncle Sam Is No Robin Hood

Well, we all know that those who have do not pay as much tax as they should, they have good employees to make sure they don't. Just as we try to not pay as much as we have to. There are loopholes aplenty for those who seek them out. I can't say I blame them, do you ?
I do however think it is time to take back our government from this guy who is trying to turn us socialist. He would love to be a dictator. All hail Cesear !
What you earn should be yours. If I were making billions of dollars, I wouldn't want it taken from me just because I have it. Just as I don't want my pittance taken from me now.
My only tiff with the IRS and the wealthy is that if we owe them $200 they will stock pile interest and charge on it until we owe $1000 in a year, then freeze our accounts to get it. The wealthy owe for years, and nothing is done.
How can we live and pay taxes and taxes and taxes ? The line has to be drawn somewhere. And QUICKLY !

DOPS:

I wish people like you would look further into those statistics.

Of course over 50% of taxes comes form 5% of the population. This is unfair. What would be fair is if we had a more progressive tax structure so that if 90% of the wealth is held by only 5% of the population (as it is) they would then pay 90% of the taxes. That only seems fair.

No one is saying the rich and corporations don't pay taxes, but to think they pay their fair share is ludicrous. Not only does the tax system get less progressive as the income level increases, but there are so many easy loopholes that the average rich person only pays 18% in taxes. Warren Buffet challenged his fellow billionaires to show they paid a higher tax rate than their secretaries - so far no one has been able to.

I wish people who think that a releative few corporations and upper-income taxpayers don;t pay any taxes would check the statistics on this. Over half of the the Federal income taxes come from about 5% of the population. Nearly half of the population pay not income tax at all, after credits.

Tax "loopholes" were created by congress to provide for special circumstances, presumabley in the national interest. if these are abusinve, Congress should change them. if they are not abusive, Congress should defend them.

At what point in time does someone paying 40-50% of their income to stae and federal taxes constitute a "fair share?"

People should be allowed to succeed in this country. And if a few people take the risk, invest their future, and make it big, why should they be so severely penalized?

Chances are that a whole lot of people who make a lot of money, took a chance on losing it all. Chances are, they created a lot of jobs and contributed a lot through the consumer channels. Giving a little credit here would be good.

Posted by: DOps

-Would you mind quoting what the tax rate was for the richest individuals was before Reagan came along?

After doing that would you mind telling us how innovative and successful we were at the time?

At most we're talking 5.4%.........on incomes of over 1 million dollars. What is wrong with you?

Robin Hood was a man who lived in Jolly Ole England. There were Kings, and Queens, all royals, for sure. There were peasants, who did not own anything, who toiled, and tilled, and sewed, and watched over the King's land.

Painting a picture of Robin Hood as the U.S. Government is silly. While it is true that the West was won by hard working farmers and loggers, there were plenty of "rich folks" who ran railroads, shipping companies, and factories.

The pursuit of Life, Liberty and Happiness is not the exclusive dream of "rich folks" is it? Rich folks, typically in the West, earned their status, with the help of many hard working men and women.

But imagine how the first transcontinental railroad could not have been built without so many men and women working together for a common goal. Isn't it ironic, that once the railroad is built, when the last spike is driven, that spike become the "last nail in the coffin" for the sick and tired workers. Those workers were thrown off the train, and moved over to the "other side of the tracks" in shanty towns. Who needs those hard working folks, after they have finished a life of "workin, sweatin, and prayin?"

The argument of "I have earned my health benefits by my own hard work" doesn't hold any compassion for exploited immigrants, the poor, or any unskilled workers. After all, those guys are "lucky to get minimum wage."

The story of Cain and Abel teaches us that "we are our brother's keeper." Few of us live in isolation, behind a moat, where our every need is provided by peasants. Even fewer of us live in the Garden of Eden. How much longer can we ignore the "web of life". Taking care of the sick and poor may not be "profitable", but it is "ethical."

I wish people who think that a releative few corporations and upper-income taxpayers don;t pay any taxes would check the statistics on this. Over half of the the Federal income taxes come from about 5% of the population. Nearly half of the population pay not income tax at all, after credits.

Tax "loopholes" were created by congress to provide for special circumstances, presumabley in the national interest. if these are abusinve, Congress should change them. if they are not abusive, Congress should defend them.

At what point in time does someone paying 40-50% of their income to stae and federal taxes constitute a "fair share?"

People should be allowed to succeed in this country. And if a few people take the risk, invest their future, and make it big, why should they be so severely penalized?

Chances are that a whole lot of people who make a lot of money, took a chance on losing it all. Chances are, they created a lot of jobs and contributed a lot through the consumer channels. Giving a little credit here would be good.

Obama is hip to the reason why Robin Hood robbed from the rich. It is because the poor don't have any money. Obama did discuss his plans for the redistribution of wealth during his campaign. It was no empty campaign promise. Now he can put a feather in his cap like his English mentor.

Our Byzantine tax code and congressional meddling created massive loopholes for big corporations and wealthy individuals.

Rather than reform taxes, Obama chose to raid the treasury, print more money and soak the rich in a multitude of new ways. This has a tendency to stifle new investment and promote companies to move their manufacturing to other countries.

Now his economic advisors are suggesting a VAT (value added tax) like they have in Europe. This will wind up soaking everybody if it is implemented.