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“Fair Share” Tax Policy

Bernie Sanders: “We tell the billionaire class, they cannot have it all!  For a start, they’re going to start paying their fair share of taxes.”

John Stossel: “Yeah!  Rich people aught to pay their fair share.  Warren Buffett says he pays a lower percentage tax than his secretary.  That’s disgusting!  Right, Steve Moore?

Steve Moore: “That’s one of these prevalent myths that’s been around for about ten years now.  Warren Buffett keeps saying he pays less than his secretary but when you…”

John Stossel: “Well, it is a higher percentage? It’s factually true.”

Steve Moore: “Well, no, it isn’t really.  Because what does Warren Buffett do?  He owns companies.  He invests in these companies and those companies pay a whole heck of a lot of taxes.  If you take in account all of those taxes, Warren Buffett’s tax rate is much higher.”

John Stossel: “According to Forbes, his secretary makes between $200-500 thousand dollars a year. So, they’re both in the top bracket.”

Steve Moore: “Yeah, she’s pretty rich too.  Most of his money comes from capital gains and dividend income and that’s taxed both at the corporate level and at the individual level as well.  So, taking that into account he is not paying a lower tax rate than his secretary.”

Everything progressives, Occupy Wall Street protesters, and Bernie Sanders supporters believe is most likely completely untrue when it comes to the “evil 1%.”  

The top 1% paid 37.8% of all federal income taxes.  The top 10% paid 69.8% of all federal income taxes, and that’s not including the taxes on capital gains and dividends.

Bernie is lying to you about the rich.  Don’t be a sucker.

Bernie explains how raised taxes saves families thousands in health costs

Voter: “Senator Sanders, the first thing I hear about you is you’re going to raise taxes on the middle class. I support my family on a salary of $41,000 a year. I’m wondering, if you raise my taxes, how does that help me?”

Bernie Sanders: “Thanks very much for that good question. This is what we are going to do. The United States is the only major country on Earth that doesn’t guarantee health care to all people, and we end up spending far, for more per capita on health care as the people of any other country; Canada, UK, France, whatever. What we are gonna fight for is a Medicare-for-all, single-payer program which will provide comprehensive health care for your family and every family in America. So let me tell you what we do. We raise your taxes, you’re in about the middle of the economy, about 500 bucks, but you know what we’re gonna do for health care? We’re gonna reduce your health care costs by about $5,000. So you’re gonna pay a little bit more in taxes but you’re no longer gonna have to pay private health insurance premiums. Now I’ve been criticized for this, but I believe that healthcare is a right of all people; that we should not have these deductibles and co-payments; we should not be paying the highest prices in the world for prescription drugs. And our Medicare-for-all program will guarantee comprehensive health care to all people and save middle class families thousands of dollars a year.”

Moderator: [to voter] “Does that math work for you?”

Voter: “If it saves me on health insurance premiums, I’ll gladly pay more taxes.”

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Bernie Sanders says what no other candidate will: “We will raise taxes.”

Breaking with decades of bipartisan political convention, Democratic presidential hopeful Sen. Bernie Sanders (I-Vt.) on Monday night reaffirmed that he would raise taxes on middle-income Americans to fund his Medicare-for-All health care plan. But Sanders claims the middle class will still save money.

Hey Bernie Sanders fans

You want the 1% to pay, what? 90% tax? For all those programs you want, let’s do the math

Say a man brings home one million dollars a year. His wife probably doesn’t work because why would you if your spouse is making that much money? You don’t need to work. If the wife does work, that’s okay, too, but for this example, let’s have the father be the only source of income. The couple has two kids and a dog. The man started in a low level job but worked his way up the ranks in twenty years, and now he’s the CEO or something up there.

Now, if you tax that man 90%, he will only take in $90,000 a year. That’s still a lot of money, don’t get me wrong, but it’s a lot different than currently, where the 1% is taxed approximately 70% already.

But, he still has to pay for his house monthly. Let’s say it’s about $5,000 a month if living in the Upper East Side of New York City. He’s already down $60,000 now.

The family is left with $30,000. He probably wants to send his children to private school in New York, right? It’s about $10,000 a year for each kid. With two kids, he’s down to $10,000 now.

He still has to pay for groceries and cell phone plans and electricity and plumbing and laundry and all those things.

But he should give to charity, too, right? Because he’s in the top 1% and that’s his humanly duty! right? With all of those bills piling up, he probably has $500 in his pocket a year. That’s more than some people, but still.

If a family of four plus one dog only has $500 a year to spend after all that, soon enough, they aren’t even going to have that. Prices will go up, he won’t have enough to donate to charity, rent could go up, his fridge breaks, his kid gets in a car crash.

He wouldn’t have enough money. Then, the one percent would shift to cover the next group of people. Those people were told–no promised that they wouldn’t be taxed, but the top one percent ran out money so someone has to cover the free education and free healthcare and whatever else free stuff you want us to have.

According to bankrate.com, if you get about $350,000 a year, you are the top one percent. I don’t know about you guys, but that’s not what I thought the top one percent was. I thought they would have more money.

You will dry the top one percent out of money. Then, everyone will have to pay for the taxes that they can’t afford because the taxes are already so high. Are you going to be happy when the top one percent only makes five bucks more than you?

taxfoundation.org
Details and Analysis of Senator Bernie Sanders’s Tax Plan
Key Findings: Senator Sanders (I-VT) would enact a number of policies that would raise payroll taxes and individual income taxes, especially on high-income households. Senator Sanders’s plan would raise tax revenue by $13.6 trillion over the next decade on a static basis. However, the plan would end up collecting $9.8 trillion over the next decade when accounting for decreased economic output in the long run.

Inside The Backwards Ideology Driving The Right-Wing Militiamen Who Captured A Federal Building

Two interlocking issues drove what appears to be slightly more than a dozen armed men to seize control of a U.S. Fish and Wildlife Service building in Oregon on Saturday evening. The first was the incarceration, release and eventual reincarceration of two men convicted of arson by a federal court. The second is a much broader dispute over whether ranchers are free to encroach upon federal lands without interference by the federal government itself.