Obama: Millionaires Should Pay At Least 30 Percent in Taxes [No Deductions: Households Over $250k]

MSNBC ^ | January 24, 2012 | Michael O'Brien

[comebacknewt]

And there goes the final nail in the coffin for the economy.

[basil]

Man oh man, I’m so glad I didn’t watch this.

Of course the only way I would have watched is if somebody hog-tied me and put me in front of a tv with my eyes taped open—LOL!

[ThunderSleeps]

hussein, you dumb-***, you just don’t get it. Americans shouldn’t pay more, the government should spend less. Far less.

[mckenzie7]

Shouldn't the patriotic billionaire just donate that much to the government?

Could they perhaps believe that they could better help others than the government?

Do they think that government just squanders money?

If Buffett is making policy, shouldn't we see his tax records?

[isthisnickcool]

Nobody that makes a million dollars this year has any guarantee they will make that much next year. I reject the premise that we have to base what we pay the government on a12 month cycle. Too arbitrary.

[jennychase]

This will make NY, Silicon Valley and Stinky Francisco libs very happy.

[JerseyHighlander]

So if this became law, over the next ten years tax revenues from this tax would pay for less than two months of Social Security.

I think.
It’s a guess until tomorrow when I can pull up the stats.

[P-Marlowe]

"You can call this class warfare all you want," Obama said. "But asking a billionaire to pay at least as much as his secretary in taxes? Most Americans would call that common sense."

The better route would be to give the secretary a tax cut so that her effective tax rate would be no higher than that of her boss. Let's not punish the rich, but instead we should reward people by allowing them to keep more of the fruits of their labor.

Of course this would require a dramatic cut in Federal Spending.

[bunkerhill7]

The Congress shall have Power To lay and collect Taxes,

[hopespringseternal]

The kind of idiots that will vote for him eat this crap up.

They are as oblivious to reality as Obama.

[BookmanTheJanitor]

Unless that secretary is making over $178,000 a year and has zero deductions...she ain’t paying 30%.

[GBA]

I thought he said everybody should play by the same rules.

If so, then everyone pays the same tax rate.

No discrimination allowed. Everyone gets treated the same as everyone else. No special privilege.

One group doesn't get singled out to pay more so another group pays nothing. Everyone pays the same rate.

If you make more, you pay more. If you make less, you pay less. One rate fits all.

[The Duke]

By the time Obama gets done that million will buy you a Snickers Bar (and we’ll all be “millionaires”).

[Mad_as_heck]

I think every millionaire in this country would be very, very wise to invest 30% of their income this year in defeating Obama. They will never get a better return on an investment.

[Fledermaus]

I’m confused. Isn’t a one million dollar a year income, adjusted tax income, already pay over 30% in federal income taxes?

[wardaddy]

that is effing crazy!

Rush will shite tomorrow...I hope Newt hater Steyn ain't back again

[Lmo56]

Obama doesn't seem to realize that people will find ways to avoid the 30%, and if they don't, they will have less money for discretionary spending on luxuries like investments in companies and charitable giving ...

[Kickass Conservative]

Obama math - $250,000 = $1,000,000,000

Works for me...

[goodnesswins]

OK...let’s do a little math....say, some millionaire pays 15% tax...that’s $150,000....soooo...the other 15% (that Obomba wants them to pay) equals TWO $75,000 per year salaries....what an idiot!