Tax the Rich or face the poor and middle class in the streets

[malaise]

61% say tax the rich - Vanity Fair/CBS poll.
Reich on with Cenk!!

[LiberalLoner]

1. What I can't figure out is, why only 61%? I keep reading that about 40 percent of the

nation is teabagger, etc. and I keep thinking, how on earth can these people be that way? And I wonder even more, will the coming years see fewer of them, or more of them?

I keep hoping that 61% will soon grow to 70 and then 80 and then 90 percent...wishful thinking on my part I guess.

[malaise]

3. Walker has awaken a sleeping giants

organized labor and they are fed up of the excesses of the rich and the criminality of the robber bankers on Wall Street.

Nice discussion with Reich.

[Kennah]

12. Had to be a misprint - I'd say it's 0.61%

[FreakinDJ]

2. "In the Streets" is becoming more apparent every day

Tunisia
Egypt
Libya

Wisconsin .....

[malaise]

4. Kingston coming up

Won't be long.

[FreakinDJ]

7. Social Security cuts and $5 gas - I'll guarantee it

[shanti]

33. i'm surprised

it hasn't happened yet in jamdung.

[fittosurvive]

5. Wait until they figure out that rich means a couple that earns 150K.

[socialist_n_TN]

6. You know, that's still a pretty good income...........

I've never made that much in my life, but if I did I wouldn't mind if my taxes went up a little. I'd still be comfortable.

Some folks seem to think that the tax rates under Clinton were so onerous. I certainly don't remember them that way. I've NEVER complained about paying taxes because I like the services that government provides.

[October]

8. Depends on where you live. /nt

[socialist_n_TN]

11. I'm pretty sure that I could live ANYWHERE..........

fairly comfortably on $150k per year.

[fittosurvive]

23. Not really, college tuitions eat up a large % of the middle class income.

We make too much to qualify for assistance and believe me, it is a struggle to keep up.

[socialist_n_TN]

25. My one daughter got scholarships........

and a few student loans and the other went to work.

[TheKentuckian]

26. How do 80% or more people survive then?

[Hannah Bell]

36. They don't, you know. It's impossible to live unless you make $150K.

90% of the population doesn't exist.

Only the top 10% are real, suffering people.

[Hannah Bell]

30. pfft. average household income is around $60K. So if you live on $60K you can spend $60K

on college.

If that's not enough, let your kid get a part-time job.

I financed two graduate degrees by working part-time, + a teaching assistantship, + full-time summer work + savings & graduated without a dollar of debt. With over a 3.94 average in both cases.

My parents made nowhere near $150K. They would have thought they were in clover if they had.

[Name removed]

10. Deleted message

Message removed by moderator. Click here to review the message board rules.

[DoBotherMe]

19. Here is Obama's proposal compared with

letting the tax cuts expire. I'm not sure what you are suggesting, taxes are levied on income after credits and deductions. Dana ; )

INCOME: $50,000
Single
Current tax liability: $5,900
After expiration of tax cuts: $7,000 (18.6% increase from current law)
Under Obama budget: $5,900 (no change from current law)
Household
Current tax liability: none
After expiration of tax cuts: $2,900
Under Obama budget: none

INCOME: $70,350
Single
Current tax liability: $8,400
After expiration: $9,700 (15.5% increase from current law)
Under Obama budget: $8,400 (no change from current law)
Household
Current tax liability: $2,300
After expiration of tax cuts: $4,900 (113% increase from current law)
Under Obama budget: $2,300 (no change from current law)

INCOME: $100,000
Single
Current tax liability: $14,500
After expiration of tax cuts: $16,600 (14.5% increase from current law)
Under Obama budget: $14,500 (no change from current law)
Household
Current tax liability: $5,000
After expiration of tax cuts: $9,500 (90% increase from current law)
Under Obama budget: $5,000 (no change from current law)

INCOME: $150,000
Single
Current tax liability: $25,600
After expiration of tax cuts: $29,300 (14.5% increase from current law)
Under Obama budget: $25,600 (no change from current law)
Household
Current tax liability: $17,500
After expiration of tax cuts: $22,400 (28% increase from current law)
Under Obama budget: $17,500 (no change from current law)

INCOME: $325,000
Single
Current tax liability: $73,000
After expiration of tax cuts: $79,600 (9% increase from current law)
Under Obama budget: $79,600 (9% increase from current law)
Household
Current tax liability: $63,600
After expiration of tax cuts: $71,000 (11.6% increase from current law)
Under Obama budget: $69,000 (8.5% increase from current law)

INCOME: $500,000
Single
Current tax liability: $115,200
After expiration of tax cuts: $132,500 (15% increase from current law)
Under Obama budget: $131,200 (13.9% increase from current law)
Household
Current tax liability: $115,200
After expiration of tax cuts: $126,000 (9.4% increase from current law)
Under Obama plan: $126,500 (9.8% increase from current law)

INCOME: $1 Million
Single
Current tax liability: $247,400
After expiration of tax cuts: $295,900 (19.6% increase from current law)
Under Obama budget: $301,600 (21.9% increase from current law)
Household
Current tax liability: $236,200
After expiration of tax cuts: $289,400 (22.5% increase from current law)
Under Obama budget: $292,500 (23.8% increase from current law)

INCOME: $5 Million
Single
Current tax liability: $1,331,400
After expiration of tax cuts: $1,603,100 (20.4% increase from current law)
Under Obama budget: $1,654,900 (24.3% increase from current law)
Household
Current tax liability: $1,320,200
After expiration of tax cuts: $1,596,600 (20.9% increase from current law)
Under Obama budget: $1,645,800 (24.7% increase from current law)

http://blogs.forbes.com/brianwingfield/2010/09/15/how-expiration-of-the-bush-era-tax-cuts-could-affect-you/

[fittosurvive]

21. While Obama's plan is clearly superior to just letting the existing regulations expire, it

still includes the marriage penalty, which is neither fair, nor logical.

[DearAbby]

22. The average median income for Americans

is under $50 thousand dollars a year, a small percentage of Americans earn more than 100K a year. But when Obama was Campaigning for President he didn't say 150K a year did he? He tossed out a number...let me remember...Oh Yes, Over 250K.

[fittosurvive]

24. I wasn't aware that Obama's plan was the topic of discussion. Still, 250K

is not rich.

[Hannah Bell]

37. It's about the top 2%. Comparatively speaking, "rich". Just not "super-rich".

[FreakinDJ]

27. The suggested cut off was $250K

but saying $150K is so much more divisive - thanks

[Hannah Bell]

29. Top 1% starts around $350K per the IRS. That's for individual filers.

[firehorse]

9. It's class warfare, the 1% won't be happy till the other 99% are...

are enslaved to them, in total poverty, and uneducated.

[MedleyMisty]

14. Like I like to say

when cuts to education are a topic of discussion:

There's a reason why it was illegal to teach slaves to read.

And then I recommend that people read My Bondage and My Freedom, by Frederick Douglass.

[malaise]

20. Indeed - the less we know the more they grab

Never in my wildest imagination did I thin k of a day when teachers would be denigrated for political gain.

The ReTHUG agenda is lying bare and naked before us.
Destroy them or watch then destroy us. Turn them back!!

[malaise]

15. According to the RWs and their media hacks, it's only class warfare when the middle class and poor

fight back.

Welcome to DU :hi:

[kenny blankenship]

13. That's why they keep buying tanks and helicopters

They know where they're going.

[MedleyMisty]

16. The moment I realized that, it terrified me

I was reading all the tweets from Libya, and I suddenly realized - what would it be like to have our military and our government's mercenaries turned on us?

[malaise]

17. I hope they're teaching their kids to use them

Oh no they don't join the military.

[sarcasmo]

18. Eat the rich.

[Hannah Bell]

28. the more attention this issue gets, the more talk it generates, the more the fallout from

30 years of republican shit policy becomes visible, the more that number will grow.

most people, i'd warrant, have never heard a cogent presentation of actual left economic arguments, nor a real left rebuttal of the winger nonsense that passes for economic received wisdom in the US.

[malaise]

31. You are 100% correct

People are waking up

[neverforget]

32. Sacrifice is for suckers

http://3.bp.blogspot.com/_vMnV84nmgfQ/THMUyvrH8HI/AAAAAAAAAoM/IpcVuxAkaQQ/s1600/CharlesandDavid+Koch.jpg

[Kennah]

34. Smithers, bring me a virgin. I need to feed the volcano.

[malaise]

35. They will soon wish that they had worked for their money

They will inherit the grapes of wrath