Senator Whitehouse Explains How Unfair The U.S. Tax System Is pt.1

[NCQDeLaat]

If you let a government (even if you can find one that doesn't mess everything up they touch) that will equally distribute money, you will have two results.

1. The talented people who are producing will stop. There will be no point.

2. Everyone will be poor, because if there is nothing to produce, there is no-where to work.

Then there will be NO wealth to distribute because there will be no dollars coming in.

No socialist country has ever expanded or lasted. It only leads to war of survival.

[alcraig]

@NCQDeLaat Your comments are unenlightened, many Socialist countries ie Norway and Sweden etc are far ahead of the US in every way. They are not obsessed with making money like you and their world awareness, values, and measure of success are superior in every way to the US. I would have thought you may have revised your love of corporatism that you dress up as capitalism. However the main issue you have not considered is that they are a much happier society than yours.

[NCQDeLaat]

Socialism? Are you serious? You have not been in a third world country have you?

Money and wealth is a reward for being smarter and more talented then the next person. The better you are, the more you make. If you can produce a better product for a cheaper cost, then you get more sales.

When you get these sales, you need to expand. In order to make the better product, you need to hire the best workers. The more you expand, the more workers you hire. Follow yet?

[Hammersley1967]

@NCQDeLaat

"Money and wealth is a reward for being smarter and more talented then the next person. The better you are, the more you make. If you can produce a better product for a cheaper cost, then you get more sales. When you get these sales, you need to expand. In order to make the better product, you need to hire the best workers. The more you expand, the more workers you hire."

And the more tax you should pay.

What is the top tax bracket in the US and at what income level does it apply?

[RCWorks]

If the federal government can't exist on a flat 10% income tax then its time to end the federal government.

[RCWorks]

Explain to me where in the founding documents you found enumeration to take from me and others and give it to someone else and I don't care how noble the cause, show me this wonder text.

[SickBoyZap5]

The Republicans are creating a Reverse "French Revolution"!

Instead of rioting in the streets to bring down the "Aristocratic Tyranny" ,

They're fighting to put the wealthy back on the Throne!

The Fucking TOOLS don't even see it....

[raycgunn]

If the Corporations and businesses get tax cuts, wouldn't that reduce production and administrative costs, bringing the prices down and keeping more money in regular people's pockets?

How about they just stop collecting income taxes PERIOD, and end the FED? That would make more sense than this shell game they are doing by shuffling money around in the same pot.

[deinandra]

@raycgunn Some businesses are making so much money (since the Bush tax cuts) that they are paying themselves enormous bonuses. So, no. As for not paying taxes at all, try living in Somalia.

21 million jobs were created under Clinton, and in 2000, was 7 years from completely paying down the debt.

Bush and his tax cuts created 1 million jobs and got us into debt.

[iknownothingnow]

Abolish the income tax completely. That would help the citizens can’t afford high priced tax lawyers. Would also help to stop these illegal wars.

[im4wur]

In 2008, for the first time, Forbes' Richest 400 Americans were all billionaires. Perhaps, not coincidentally, that same year Richard Fuld CEO of Lehman Brothers got on that list for the first time. That would be the same Lehman Brothers that you and I had to bail out of disaster. - The levels of unearned executive compensation and the tax system Whitehouse outlines above are largely what's wrong with this country, our economic woes and the budget deficit. - "Trickle -down" was a scam.

[jawayetti]

Whitehouse droppin' some knowledge on the mathematically challenged FTW!

[LifeIsGoodLydie]

"The top 400 incomes in America in 2008 had an average income, each, in that one year of $270 million ! .American Dream big time...But what they actually paid in taxes those 400 on average was a rate of 18.2%. ...This is the IRS calculation not an estimate." Senator Whitehouse

[LifeIsGoodLydie]

"Who else pays an 18.2% tax rate in this country? Well if you are a single payer, you hit 18.2 % when your salary gets to $39,350. When you are making $39,350 your federal taxes income and withholding payroll taxes combined to 18.2%..Just like the 400 millionaires and billionaires who made actually over a quarter of a billion dollars in the same year that this tax payer would have made less than $40,000."

[im4wur]

I'd love to see Sheldon Whitehouse as a MSNBC news analyst... at least. 

[rextrek]

wow - just wow...this is one eff'd up country.

[grizzzlyjoe]

Ask yourself, "How much longer am I willing to be abused???"

Liberté, égalité, fraternité ... Vive la Révolution ... it never REALLY ended ... off with their heads!

[Catsscratchfever]

WELLLlllll Is a good thing he explained this....... EVERY AMERICAN KNOWS THIS...FUCKING DO SOMETHING ABOUT IT.....HELP THEM....FUCKING POLITICIAN.....YAP YAP YAP......COCKSUCKEN GUTLESS COWARD

[stretch34318]

truck driver pays $7316.40 in federal taxes

one of 400 wealthiest pays $49,100,000 in federal taxes

I don't see what he is disturbed about.

[TheBeardedMarxist]

@stretch34318  He is saying that trickle down means pissing on the middle classes face!

[jawayetti]

@TheBeardedMarxist Excellent analogy...and not far from the truth.

[demmmmm1]

@stretch34318 Warren Buffet famously told a group of extremely wealthy people that he paid around 17% on his income tax while his secretary paid 32%. He didn’t think it was right - do you?

[jawayetti]

@stretch34318 If you were being fair, you'd look at it as a percentage of income.

[JRMCNEA]

@stretch34318 7316.40 out of 40k = 32+K, 49 mil out of 250 mil= 200+ MILLION. After taxes one10x the poverty line and the other has enough in ONE YEAR to buy 2 small countries. And rent a couple large ones. See anything disturbing yet? You people need to stop living the childish dream that YOU will be allowed to earn this amount money in your and your children's children life time let alone a year. And that These people even fathom what its like to live in our shoes. They would kill themselves

[LiberaLib]

@JRMCNEA post of the week, man. so true.

[ShaktipatSeer2]

Exposing the reality of the situation.. it's too bad that this all falls on deaf ears while corrupt hands are merely covering their snickers as they listen to this speech... America needs a serious NON PARTISAN.. and ENLIGHTENED.. awakening from the inside out if it is to avoid the eventual chaos of economic collapse and ensuing military-police/martial law state that will arise out of it.

It's one way or the other foliks, there is no in-between, choose now, change your heart or die slowly.

[deeppurple28]

Yeah we know its bad, so stop giving big oil subsidies! And stop giving companies who off shore jobs tax breaks!

[IronRangeSurvival]

Try, Constitutionally ILLEGAL you 2party puppet

After the "health care reform" scam...and all the "town hall meetings", no ones drinking your cool-aid scams for the crony corps anymore.

"our plan", "they're plan" = SAME PLAN

[jmjfanss]

@IronRangeSurvival

You tell em!