Skip to comments.So, Why Don't We Ask For An Immediate 15% tax Hike on All "Rich" Federal Workers?
Posted on 12/06/2012 10:52:53 AM PST by Robert A. Cook, PE
So, Obama is fixated - to the point of a "religious" Crusading zealotry - with raising taxes on the rich?
(Even if it means reducing total tax revenues by stifling the economy, sending us back into an ever-steady recession.)
OK. So, even if it won't clear the deficit, why don't we " raise taxes on the rich" ... by passing an immediate, across the board "progressive" tax on all non-defense federal employees and retirees?
Anyone making a total of over $150,000.00 per year (bonus and salary and retirements) gets a 15% tax.
Anyone making a total of over $100,000.00 per year (bonus and salary and retirements) gets a 10% tax.
Anyone making a total of over $75,000.00 per year (bonus and salary and retirements) gets a 5% tax.
And, anyone paying more than 50% of their adjusted gross income in total taxes (federal, medicare, Social Security, state, local, property, sales taxes, natural gas and heating oil and electric taxes, telephone taxes, sewage taxes, gasoline taxes and tire recycling fees and garbage taxes and professional registration taxes and all else, is capped with an "alternative Maximum Tax" of 50%.
Once you pay 50% of your income in taxes, you stop paying.
He gets his "tax the rich" pandering to his socialist base and the economically illiterate.
I am a US Gov(DOD) Employee and I agree w/ this 100%!
>>Once you pay 50% of your income in taxes, you stop paying.
IIRC, The maximum total tax rate for medieval serfs was 30%. Anything higher was considered slavery.
I agree, with the exception that military salaries and pensions are excluded from the tax.
In order to protect the integrity of the office and attract only the best people for the job they will have to exempt themselves from any and all taxing legislation. Did I mention they are due for a raise in pay for those same reasons?
the limosine liberals are not worried about taxes because THEY WILL NEVER PAY THE INCREASE.
The law is targeted at the up and comming. The future nuvo riche who will compete with the limosine liberals. $250,000 per year for four years is registered as “millionare”. With inflation this the new AMT taking.
The government will keep all non-limosine liberals “in the projects” and the limosine liberals will keep the politicians in their delusion of power.
he who has the gold makes the rules. This keeps gold away from citizens. (iow no property for you)
Nope EVERYONE PAYS:
How about this:
Retired Flag/GO(O-7 and above) IMMEDIATLY gets a 30% Tax on Retirment Pay.
Retired CAPT/COL(0-6) IMMEDIATLY gets a 20% Tax on Retirment Pay.
Retired E-9s(MCPO/SGTMaj)IMMEDIATLY gets a 15% Tax on Retirment Pay.
Everyone else 5% Tax on Retirment Pay.
I am a Retired PO1(E-6).
I’ve reported you for the annoying, pointless use of “so.”
There was an article in the local paper yesterday, about the fact that it is estimated that the cost of long term care insurance for six retired and retiring police officers is going to cost the local town, 6 million dollars.
I want to pay what Geitner and Rangel pay.
this is a very good idea..
With the massive uptick in questionable disability claims being granted by Obama-ites, tax disability
Disability at all levels is becoming a way of life for retired LEO and retired firefighters too. TAX IT ALL. It’s currently totally exempt as I write.
Maybe better to cut their pay by what ever percentage the deficit is vs revenues for that yr and tax them at the usual rate for the lower income.
Incentive to balance the budget?
Very good question. If we can tax different groups of people at different rates why not single out rich govt people?
I saw Turbo Tax Timmy on tv this morning.
He is among the most noxious smarmy sniveling twits in the USofA.
Right there with Chucky Schumer and Henry Waxman.
Tax ALL “Disablity” AND “Welfare(in ALL it’s “Forms”) at a rate of at LEAST 15%!
The most disgusting problem I have read is that there are several million federal employees who owe back taxes and have not paid for years.
AND tax ALL Social “Security” “Recipiants(Greedy Geezers)” in the States of FL, AZ, TX AND MS at the rate of 25%.
Here we go with exceptions.