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End all tax deductions. Make the rich and corporations pay their share.

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RegieRocker Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-15-11 10:32 PM
Original message
End all tax deductions. Make the rich and corporations pay their share.
Warren buffet "my secretary pays more of her income in taxes than I do". Anyone that believes "The rich pay blah blah percentage of all taxes", and therefore justifies them paying less is either rich or dumb. It's not what they pay, it's what percentage of their income they pay. The wealthy have so many write offs it isn't the least bit amusing. Write offs designed for the elite only.
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DJ13 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-15-11 10:46 PM
Response to Original message
1. Its much easier to squeeze the middle & lower classes
More profitable to the politician as well, especially when they "retire" and take phony jobs from those who owe them a favor too.
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gateley Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-15-11 10:46 PM
Response to Original message
2. Okie dokie -- just tell Obama. I'm sure he'll appreciate the
advice and probably hasn't heard that suggestion before. :7

Seriously, I don't understand why they don't just DO it. If we presented the case CLEARLY to the masses, and they saw the truth instead of the BS they're being fed, they'd all be on board, too, don't you think?
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21st Century FDR Donating Member (398 posts) Send PM | Profile | Ignore Fri Jul-15-11 11:31 PM
Response to Reply #2
6. Who would Obama have heard that from?
Geithner, Summers or Ghoulsby?? :rofl:

Shit, Timmy couldn't even pay the NON deductible & dodgeable part of his taxes.
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gateley Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-16-11 12:40 AM
Response to Reply #6
11. Bwah! Yeah, good point! nt
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judgegblue Donating Member (107 posts) Send PM | Profile | Ignore Fri Jul-15-11 10:51 PM
Response to Original message
3. The working class underwrites the leisure activity of the rich
Every professional sports arena and stadium has luxury suites where corporations entertain their clients. Taxpayers foot the bill since the costs of these suites are deductions. And many of these stadiums were built at taxpayer expense in the first place. Most fans can't afford to go to such events. Hope the wealthy are enjoying the game and party at our expense.
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BlueCaliDem Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-15-11 11:08 PM
Response to Reply #3
4. K&R! The question is
When will America finally wake up?
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Snarkoleptic Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-15-11 11:28 PM
Response to Original message
5. The mortgage interest tax deduction is the only thing keeping a great many in their homes.
Just sayin'.
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JDPriestly Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-16-11 12:12 AM
Response to Reply #5
8. That is the deduction that should be maintained.
What do you think about deductions for business costs?
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RegieRocker Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-16-11 12:13 AM
Response to Reply #5
9. I'm well aware. I feel
Edited on Sat Jul-16-11 12:14 AM by RegieRocker
that paying taxes should start at $35,000 or $60,000 joint. Starting at 1% and working it's way up to 50% for the movers and shakers. They benefit the most from what this country offers. No tax write offs, no loopholes. Never feel sorry for a man that owns a jet plane.
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Davis_X_Machina Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-16-11 12:19 AM
Response to Reply #5
10. There are also tax advantages...
Edited on Sat Jul-16-11 12:32 AM by Davis_X_Machina
...to saving for, and paying for, higher education. For putting aside money in a flex spending account for medical purposes, or to purchase child care. For gifts to charity. For union dues, for special work-related clothing and tools. For medical expenses. For taxes paid to another jurisdiction.... I use every one of those.

And so forth. And beginning in 2014, for having heath insurance -- that's the 'mandate' under PPACA.
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JDPriestly Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-16-11 12:11 AM
Response to Original message
7. Thank you.
Republicans like to reminisce about the good old morally upright days of the 1950s. Well, taxes for the rich were a lot higher then than they are now.

Maybe that's why those times were so much more moral than today. (White like the Tea-Baggers) People felt they had a fair chance. It's hard to believe in a fair chance today.
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