Quote:
Originally Posted by waynet
I'm a retired 65 year old that pays taxes....federal,state,sales and others.My federal tax rate is 28% and each year I pay at that rate. I have no real deductions so I use the short format 28%. If this President or any president wants millionaires to pay at 30% I am all for it. I do not care how they earn their money leg al or illegal. I want them to pay their fair share. Is this too much to ask? I don't care if itmeans nothing to the federal deficit,all I want is that they pay their fair share. And while we are at it how about all those job creating companies paying something,anything,a little some taxes.
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THIS, based on what you posted, should really make you "happy"...
"President Obama chose not to subject himself to his own proposed Buffett Rule, paying only a 20.5 percent federal tax rate instead of the 30 percent rate called for under the proposal he has been talking about all week.
The Buffett rule would apply to those making $1 million, and Obama did not quite make $1 million last year – he clocked in at $789,674. But he made enough to be considered comparably rich to those making a million, and still paid a rate ten points below the threshold he is proposing.
What’s more, he paid a lower rate than Vice President Biden, who made less than half what Obama did. Biden paid a 23.2 percent rate on $379,035 in income.
Some of the difference is due to deductions for charitable contributions – the Obamas contributed substantially more last year than the Bidens."
Obama Fails to Apply the Buffett Rule to Himself | The Blog on Obama: White House Dossier
Buffit rule is NOT going to level the field. We need total tax reform, for sure, but to travel the country an make this a grand saviour is misleading and wrong.