THE LEFT WANTS TO RAISE TAXES ON THE "RICH" AND RAISE TAXES ON CORPORATIONS.  WELL THE TOP 50% OF EARNERS ALREADY PAY 96% OF ALL TAX REVENUES SO HOW MUCH MORE DO YOU WANT TO BLEED THEM FOR???

NOW CORPORATIONS ARE ALREADY HOLDING OFF ON HIRING PEOPLE BECAUSE THEY DO NOT KNOW WHAT IT WILL COST TO PUT PEOPLE ON THE BOOKS SO RAISING TAXES ON CORPORATIONS ONLY HURTS THE UNEMPLOYED! BUT YOU DON'T HAVE TO BELIEVE ME HERE ARE THE FACTS!


according to the Office of Tax Analysis, the U.S. individual income tax is "highly progressive," with a small group of higher-income taxpayers paying most of the individual income taxes each year.

# In 2002 the latest year of available data, the top 5 percent of taxpayers paid more than one-half (53.8 percent) of all individual income taxes, but reported roughly one-third (30.6 percent) of income.

# The top 1 percent of taxpayers paid 33.7 percent of all individual income taxes in 2002. This group of taxpayers has paid more than 30 percent of individual income taxes since 1995. Moreover, since 1990 this group’s tax share has grown faster than their income share.

# Taxpayers who rank in the top 50 percent of taxpayers by income pay virtually all individual income taxes. In all years since 1990, taxpayers in this group have paid over 94 percent of all individual income taxes. In 2000, 2001, and 2002, this group paid over 96 percent of the total.

Treasury Department analysts credit President Bush's tax cuts with shifting a larger share of the individual income taxes paid to higher income taxpayers. In 2005, says the Treasury, when most of the tax cut provisions are fully in effect (e.g., lower tax rates, the $1,000 child credit, marriage penalty relief), the projected tax share for lower-income taxpayers will fall, while the tax share for higher-income taxpayers will rise.

# The share of taxes paid by the bottom 50 percent of taxpayers will fall from 4.1 percent to 3.6 percent.

# The share of taxes paid by the top 1 percent of taxpayers will rise from 32.3 percent to 33.7 percent.

# The average tax rate for the bottom 50 percent of taxpayers falls by 27 percent as compared to a 13 percent decline for taxpayers in the top 1 percent.

The White House has announced it will lobby Congress to pass legislation making most of President Bush's tax cutting measures permanent.

Source: U.S. Treasury, Office of Tax Analysis


THE ONLY WAY OUT OF THIS MESS IS TO CUT SPENDING PERIOD!!!! AND WHAT GIVE THE LEFT THE RIGHT TO SELL OUR CHILDREN INTO ECONOMIC SLAVERY? CAN ANY OF US TAKE OUT BIG LOANS THAT OUR CHILDREN WILL HAVE TO PAY??? NO!! THEN WHY SHOULD THE GOVERNMENT BE ABLE TO?

The spending has got to be cut and I'm sure the sex life of a beetle isn't as important as SS as spending goes..

How else are we to punish the rich if we don't raise their taxes?
 
The stupid Republicons in this fascist, racist country understand absolutely nothing about income re-distribution!
 
http://www.dailykos.com (http://www.dailykos.com/) ................http://www.MoveOn.org (http://www.moveon.org/)

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As I said earlier, adjustments to the tax codes, which is what raise taxes means, isn' something that can be done quick. It is time to end the free ride that GE and others have been enjoying. I believe in low taxes, yet, I am against no taxes. How does a company that contributes to democrats able to evade, er I mean avoid, taxes, completely? I feel the "Greenie" tax credits must end. It is not something that should be rewarded to corporations, simply because they contribute to democrats, even though their products, like mercury filled lightbulbs are as "Green" as coal exhaust. If democrats actually want a compromise that includes revenue, they must pass a short term measure while one is being negotiated.

How does a company that contributes to democrats able to evade, er I mean avoid, taxes, completely?


THE SAME WAY A TAX CHEAT GETS TO BE SECRETARY OF THE TREASURY!

Bob:  Agreed, and well-said.
 
Likewise oil companies should not get a tax subsidy just because they produce oil.
 
They already killed the ethanol subsidy.