Yup, the rich do not pay enough taxes. Well Secretary of State Clinton, since you think that way, may I suggest you and your husband cut a check and pay extra local, state and federal taxes immediately. There is nothing stopping you from paying more, but you won’t do it … and you know it.
Read this entire post and send it to your friends please! The links and data at the bottom of the post are very important. Don’t let Hillary Clinton or any other liberal re-write history.
I’m sick of people saying the rich don’t pay their fair share. We’ve debunked that argument so many times it’s ridiculous. The rich – however defined – certainly do pay their fair share of taxes and much more.
I’m have a full time “day” job and in the evenings and weekends I dabble a little with website implementation and management for small businesses. I’m not rich by any standard the Obama administration elects to use this week. For every dollar I make (after expenses) in that side business – and it’s not much – 45 cents go toward taxes. That’s right, 25 percent goes towards federal income taxes, 15 percent goes towards self-employment taxes and another 5 percent goes to the state.
At what point is a taxation level considered immoral? What is my incentive to grow my own small business where maybe I could quit my day job and hire a few people to work for me? Was this not America’s promise? Freedom, personal responsibility, growth, success, hard work and prosperity?
People like Sec. Clinton and President Barack Obama are now daily crushing the will of Americans looking to prosper and achieve. From Ben Smith at Politico. (There is a sponsor message prior to the Hillary clip.)
“The rich are not paying their fair share in any nation that is facing the kind of employment issues [America currently does] — whether it’s individual, corporate or whatever [form of] taxation forms,” [Sec. of State Hillary] Clinton told an audience at the Brookings Institution, where she was discussing the Administration’s new National Security Strategy.
Clinton said the comment was her personal opinion alone. “I’m not speaking for the administration, so I’ll preface that with a very clear caveat,” she said.
She has the guts to reference Brazil where the rich are getting richer and “they’re pulling people out of poverty.” Has she taken a look at the slums of Rio lately? Did they not shoot a police helicopter out of the sky last year?
And by the way, America is not Brazil … no offense to Brazil.
Tax Cuts Work!
The United States has proven that tax reductions actually bring wide-spread growth to all. I’ve had multiple posts on the subject, but one of my favorites is one from November 2008, republished in February 2009 since I worked so damn hard on it.
Equally important was my post from November 2008 that detailed how every income demographic improved their position after the Bush tax cuts. It’s simple, Bush cut taxes for all Americans who paid taxes and the rich got richer and families were pulled from the lower class into the middle class. Don’t be a Clinton sponge, go look at the actual data.
Now, look again at Clinton’s quote and what she says in the video and ask yourself … is she just spewing this crap assuming everyone will listen or does she have any data – like I have provided – that proves raising taxes and spending more of our own personal wealth through government will improve the status of the lower and middle class?
Socialism is around the corner. We must fight this “it feels right” economic attitude and teach and mentor how economics actually works or we’re doomed.