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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Mongo2116 who wrote (864747)	6/12/2015 12:49:57 PM
From: Mongo2116	Respond to of 1583867

WI Republicans: Rich Should Pay Less To Simplify Tax Code SUCKERS!!!! Republicans in Wisconsin are doing what they do best, arguing that the richest Americans are the real victims here, and should pay less taxes. A Madison NBC affiliate reported, Republicans on the Legislature’s budget-writing committee plan to propose eliminating the alternative minimum income tax which primarily benefits people earning more than $200,000 a year. Republican Rep. Dale Kooyenga said Thursday he plans to propose doing away with the tax that brought in just over $26 million in the 2013 tax year. He says that cut will be made up with raising taxes elsewhere, so there is no net reduction in tax collections. Kooyenga says his proposal will be brought up for a vote before the Joint Finance Committee, perhaps as soon as Wednesday. Kooyenga is the Wisconsin State Assembly’s version of the House’s Paul Ryan. He is the vice chairman of the Join Finance Committee, which writes the budget. According to the Wisconsin State Journal, he said he would push for the tax cuts in a “revenue-neutral” tax package, meaning taxes would be raised elsewhere to offset the tax cut. Democrats in Madison accused him of planning to cut funding for schools in order to pay for the tax cut. This would continue the long trend under Scott Walker’s governorship of destroying Wisconsin’s education system to finance a massive shift of wealth to the top. Kooyenga argued that the dual rate of the alternative minimum tax, which requires high earners to pay the higher of two possible rates, depending on accounting, is too complicated. Using a line that obviously rolled out of a conservative PR shop, he said, “We’re not pushing for tax cuts. We’re pushing for a tax cleanup,” Walker did not immediately indicate whether he would sign the tax cut, but it’s not too hard to imagine which way he would lean. Last year, he ran around Wisconsin arguing for massive tax cuts. He is angling for Koch cash in his run for president, so it’s a safe bet he would sign that tax cut and education cut with a flourish. This is disgusting, because the IRS’s recent report on wealth hoarding at the top revealed that, as you climb the wealth ladder, the differences between rich, super-rich and mega-rich expand rapidly. Salon reports, While the top earners in the bottom 50 percent of Americans only make 36,000 dollars a year – the bottom earners in the top one-thousandth of the 1% “only make” more than 62 million dollars a year. Sixty-two million dollars per year is what it takes to be a top one-thousandth one percenter – and those are the poorest of the richest households – on average the top earners make more than 160 million dollars a year. That’s 160 times richer than the average one percenter who only makes about 1.5 million dollars. As the rich climb up the top 1% of America’s wealth spread, their effective tax rate actually gets lower and lower. America has a progressive tax rate for the bottom 99% of Americans but literally has a regressive tax rate for the richest 1%. In Wisconsin, there were 9 billionaires listed in 2010, and in 2009, there were roughly 26,000 millionaires. They are the only constituency that Republicans care about. Wisconsin’s 875,000 students can jump off a bridge. And the under 60,000 populationof public school teachers can continue dramatically declining as Republicans continue to make teaching an intolerable profession in Wisconsin. This is what Scott Walker, who wants to join Grover Cleveland in the hall of America’s most uneducated presidents, would do to America if elected president.