Right, for earned income. However on investment income it is 17%. This is why 
many CEO's take a modest or even zero annual income, and a large amount of 
stock options instead. Tax advantage. To say nothing of the many 
multi-billionaires who don't work, deriving all of their income from 
investments. Tax advantage. They don't play by the same rules as the rest of 
us, and we have the most to lose as a result. 
---In FairfieldLife@yahoogroups.com, <mdixon.6569@...> wrote :

 You are aware that the current top bracket on income is about 39%.
 
The 17% you refer to is, I believe, on trading stocks or dividends paid by 
stock holdings.

 


 From: "olliesedwuz@... [FairfieldLife]" <FairfieldLife@yahoogroups.com>
 To: FairfieldLife@yahoogroups.com 
 Sent: Friday, February 26, 2016 3:47 PM
 Subject: Re: [FairfieldLife] Re: very compelling article
 
 
   The wealthy need to pay an equal  percentage of taxes as the middle class - 
30 to 40 percent of annual income. Of course it sounds like a lot when you say 
70 percent of taxes are contributed by these multi-billionaires, but that would 
only make sense if they were making what we do. Since they make in a month what 
most make in a life-time, they can open their pockets a little wider than 17%. 
 

 This idea you promote below, with the poor acting as leeches, is 
slight-of-hand propaganda - don't watch the endless corporate welfare, and 
crony capitalism, and tax evasion, instead focus on someone who is less 
fortunate, and stigmatize them as stealing from us all. Very cynical and 
anti-social, too. Those spreading such thinking are addicted to greed, 
projecting it on everyone but themselves.
 

 ---In FairfieldLife@yahoogroups.com, <mdixon.6569@...> wrote :

 Their *fair share*? And who determines what is fair? There we go again, *free* 
stuff! Nothing is free. Would *free* health care and education be enough? Hell 
no! Next it will be housing transportation, child care, energy, food, clothing, 
entertainment, drugs etc etc. And will all this stuff is *free* why the hell 
should I have to work? I want free vacation time, 24/7 365! Oh yeah, what's 
free vacation time without free spending money? I want a free master card with 
no limits!

 
 We already have a heavily regulated market and the wealthy *do* pay for 70% of 
the safety net.


 From: "olliesedwuz@... [FairfieldLife]" <FairfieldLife@yahoogroups.com>
 To: FairfieldLife@yahoogroups.com 
 Sent: Friday, February 26, 2016 12:01 PM
 Subject: Re: [FairfieldLife] Re: very compelling article

 
   No one will actually hand anyone else any money when the rich pay their fair 
share of taxes. Free higher ed and health care would work though. There really 
isn't anything wrong with treating people humanely. If the wealthy insist on an 
unregulated market, then they can damned well provide a safety net for the 
millions of ordinary citizens who regularly fall through the ever more common 
cracks in the economy, by paying their fair share of taxes. Nothing radical 
about it. 
 

 ---In FairfieldLife@yahoogroups.com, <mdixon.6569@...> wrote :

 What do the uber- wealthy have to *give* you so that you can get ahead and be 
prosperous? 
 You can give many people millions of dollars and in a few short years they are 
broke again.
 You can't give wisdom or management skills. They are learned.
 


 From: "olliesedwuz@... [FairfieldLife]" <FairfieldLife@yahoogroups.com>
 To: FairfieldLife@yahoogroups.com 
 Sent: Friday, February 26, 2016 6:56 AM
 Subject: Re: [FairfieldLife] Re: very compelling article

 
   The uber-wealthy share of taxes paid is down to 17% of their income. I never 
paid a tax rate that low. Ever. Considering that they control 25% of the wealth 
of the entire country, they ought to pay much more than 17%. That is obscene. 
And the reason I refer to it mental illness, is that they have cornered not 
only this staggering amount of wealth, but the entire country is now rigged to 
increase their wealth, at our expense. 
 

 We are not talking about a wealth of millions of dollars, a sum that would 
make the rest of us unimaginably rich. No, these are all multi-billionaires. A 
billion dollars is equal to a person living to a hundred years of age, and 
spending ten million dollars annually, nearly a million bucks a month, from 
infancy. That is just ONE billion. Incomprehensible. 

 Any time there is a bump in the economy, who benefits? The rest of us, who 
haven't seen wages rise in 55 years? Nope. Always the wealthy. 

 We keep hearing from the servants of the rich, the media and politicians, how 
we are a mighty and wealthy country, a world super power, and yet the game is 
now so strongly rigged *against* the efforts of the populace to get ahead, to 
have stable, prosperous lives, that no one is listening. 
 

 This could be easily fixed, by bumping the rate on taxable investments to say, 
30 to 40%, what the middle class typically pays of its stagnant wages to the 
Feds in taxes. Close some loopholes too. I am not asking the one percent to 
contribute unfairly, only to the degree that the rest of us do. There should 
not be this unspoken rule, that once we achieve a certain level of wealth, we 
are then above the law. The truly galling thing about this, is the rich would 
never miss it, wouldn't even notice.
 
---In FairfieldLife@yahoogroups.com, <mdixon.6569@...> wrote :

 The wealthy pay less in taxes? C'mon now! The top 10% pay 70% of tax revenues. 
The remaining 90% pay 30%, while 47% pay next to nothing. 66% of spending is on 
Social programs i.e. SS, Medicare , Medicaid, Welfair, CHIP, etc. The remaining 
34% is on the military and the cost of running the government and  various 
discretionary spending.

 

 


 From: "olliesedwuz@... [FairfieldLife]" <FairfieldLife@yahoogroups.com>
 To: FairfieldLife@yahoogroups.com 
 Sent: Thursday, February 25, 2016 3:11 PM
 Subject: Re: [FairfieldLife] Re: very compelling article

 
   Its deeper than that. All of those voting have watched their parents work 
hard without getting ahead, and profits skimmed by the wealthy who pay less 
taxes. In addition, the 1.2 trillion in student debt hampers many graduates the 
chance for a fresh start, and they are the group supposedly driving the 
economy. Its a rigged system, now more than ever, and the incremental change 
offered by all of the candidates except Sanders, amounts to treating the 
symptoms but not curing the underlying cancer of growing economic inequality.
 

 Your quote by Benjamin Franklin is spot on, in light of all the crony 
capitalism going on, off shoring profits to avoid taxes, while pointing the 
finger at someone collecting food-stamps, or throwing people out of jobs that 
go overseas, and then complaining about them collecting unemployment for too 
many weeks. That kind of greed is a mental illness and must be stopped for the 
good of us all.
 
 ---In FairfieldLife@yahoogroups.com, <mdixon.6569@...> wrote :

 Yeah, Bernie definitely offers more *free* stuff than Hillary. Bernsie wants 
to offer *free* higher education to all. Hillary just wants you to pay lower 
interest rates on your student loans. If you were a student, who would you vote 
for?
 
 When the people discover that they can vote themselves money, that will herald 
the end of the republic.
Benjamin Franklin.

 From: "emily.mae50@... [FairfieldLife]" <FairfieldLife@yahoogroups.com>
 To: FairfieldLife@yahoogroups.com 
 Sent: Wednesday, February 24, 2016 8:45 PM
 Subject: [FairfieldLife] Re: very compelling article

 
   You know, he makes some excellent points.  It is true that Hillary is not a 
great campaigner and she gets defensive, which doesn't come across well all the 
time.  Politically, neither her logo or her slogan say it's about the people.  
They say it's about her.  It is true that Trump will do everything he can to 
lynch her and he won't let up.  If she defends, she loses.  He will continue to 
play on people's fear and she will be facing plenty of sexism, the kind that 
isn't talked about, but that surely exists in the minds of both men and women.  
The undermining has already started and has been quite effective.  I will agree 
that the more interesting match that would force us to choose ideologically 
would be a Sanders/Trump choice.  SuperTuesday is around the corner.   

 

---In FairfieldLife@yahoogroups.com, <no_re...@yahoogroups.com> wrote :

 This is a very well argued article saying that Clinton cannot beat Trump but 
Sanders can. 

Unless the Democrats Run Sanders, A Trump Nomination Means a Trump Presidency | 
Current Affairs 
http://static.currentaffairs.org/2016/02/unless-the-democrats-nominate-sanders-a-trump-nomination-means-a-trump-presidency
 
 
 
http://static.currentaffairs.org/2016/02/unless-the-democrats-nominate-sanders-a-trump-nomination-means-a-trump-presidency
 
 Unless the Democrats Run Sanders, A Trump Nominati... 
http://static.currentaffairs.org/2016/02/unless-the-democrats-nominate-sanders-a-trump-nomination-means-a-trump-presidency
 With Donald Trump lookingincreasinglylikely to actually be the Republican 
nominee for President, it’s long past time for the Democrats to sta...


 
 View on static.currentaffairs.org 
http://static.currentaffairs.org/2016/02/unless-the-democrats-nominate-sanders-a-trump-nomination-means-a-trump-presidency
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