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	<title>Comments on: Why we need to increase taxes on the rich</title>
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	<link>http://blogs.reuters.com/gregg-easterbrook/2011/09/15/why-we-need-to-increase-taxes-on-the-rich/</link>
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	<lastBuildDate>Tue, 25 Sep 2012 00:58:59 +0000</lastBuildDate>
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		<title>By: hardworkingRN</title>
		<link>http://blogs.reuters.com/gregg-easterbrook/2011/09/15/why-we-need-to-increase-taxes-on-the-rich/comment-page-1/#comment-5353</link>
		<dc:creator>hardworkingRN</dc:creator>
		<pubDate>Tue, 25 Sep 2012 00:58:59 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.reuters.com/gregg-easterbrook/?p=1039#comment-5353</guid>
		<description>I would like to know why the &quot;rich&quot; get punished for becoming &quot;Rich?&quot; When I was growing up I was taught that hard work and a good education will make you &quot;rich&quot;. So why does the president want to punish those that got off thier lazy butts to make a life for themselves. And oh, you raise taxes on companies, they raise prices on thier products..so who buys the products? The middle &amp; lower class. How about a flat tax? 10% flat. People need to quit thinking of the government as their &quot;baby daddy&quot; and get damn jobs.</description>
		<content:encoded><![CDATA[<p>I would like to know why the &#8220;rich&#8221; get punished for becoming &#8220;Rich?&#8221; When I was growing up I was taught that hard work and a good education will make you &#8220;rich&#8221;. So why does the president want to punish those that got off thier lazy butts to make a life for themselves. And oh, you raise taxes on companies, they raise prices on thier products..so who buys the products? The middle &#038; lower class. How about a flat tax? 10% flat. People need to quit thinking of the government as their &#8220;baby daddy&#8221; and get damn jobs.</p>
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		<title>By: 19mach199</title>
		<link>http://blogs.reuters.com/gregg-easterbrook/2011/09/15/why-we-need-to-increase-taxes-on-the-rich/comment-page-1/#comment-3845</link>
		<dc:creator>19mach199</dc:creator>
		<pubDate>Mon, 13 Feb 2012 19:08:59 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.reuters.com/gregg-easterbrook/?p=1039#comment-3845</guid>
		<description>A dollar should be taxed the same regardless what you make!

Make less pay less... make more pay more!  

&quot;KISS&quot;  Keep It Simple Stupid....

The object of tax is not to help create more comfort for those less fortunate nor decide if someone should pay more because they have more.  Equal rights should be looked at in this case as well! 

The only politician I&#039;d believe is one that does it out of the goodness of his/her heart to help make our country a better place.  Not career politicians that manage to talk a great game, yet fail to follow through while collecting a &quot;comfortable&quot; salary!</description>
		<content:encoded><![CDATA[<p>A dollar should be taxed the same regardless what you make!</p>
<p>Make less pay less&#8230; make more pay more!  </p>
<p>&#8220;KISS&#8221;  Keep It Simple Stupid&#8230;.</p>
<p>The object of tax is not to help create more comfort for those less fortunate nor decide if someone should pay more because they have more.  Equal rights should be looked at in this case as well! </p>
<p>The only politician I&#8217;d believe is one that does it out of the goodness of his/her heart to help make our country a better place.  Not career politicians that manage to talk a great game, yet fail to follow through while collecting a &#8220;comfortable&#8221; salary!</p>
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		<title>By: Inkwench22</title>
		<link>http://blogs.reuters.com/gregg-easterbrook/2011/09/15/why-we-need-to-increase-taxes-on-the-rich/comment-page-1/#comment-3843</link>
		<dc:creator>Inkwench22</dc:creator>
		<pubDate>Sat, 28 Jan 2012 16:26:29 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.reuters.com/gregg-easterbrook/?p=1039#comment-3843</guid>
		<description>Getting the money out of elections; the revolving door to K Street slammed shut; the top five media corporations to stop dividing the country because it profits them...Wall Street and the big banks and the country&#039;s budget problems would be solved. Housewives could solve the budget crises but Congress is too busy to even debate the problems our nation faces. Debating critical problems in sound bites is laughable.

Transferring the wealth of the average American that rested in homes and pension funds to big banks and Wall Street has enriched the wealthiest and put those who have lost their homes and jobs and are at the mercy of the government. 

Congress is being paid for doing nothing and being paid well! Get the money out of elections; stop the revolving door from Congress to K Street; stop the profiteering of the five major media corporations whose bottom line depends on keeping the nation at odds rather than solving critical problems.

As a start, prosecute the CEOs of the big banks who if they were average Americans would be sitting in a prison today. 

Then get the companies pushing their pills and the attorneys advertising bad drugs off the air! 
Neither benefit the country as a whole and both encourage higher medical costs. Then bring back ethics to the medical field. Paying doctors to write 25 prescriptions monthly for senior citizens who are sicker from the meds prescribed than when they visited the doctor for the first time might explain the high cost of medicine. If hospitals cannot determine a common cold is not an emergency room matter and turn patients who simply don&#039;t want to wait in line in the doctor&#039;s office away, they don&#039;t deserve to stay in business.</description>
		<content:encoded><![CDATA[<p>Getting the money out of elections; the revolving door to K Street slammed shut; the top five media corporations to stop dividing the country because it profits them&#8230;Wall Street and the big banks and the country&#8217;s budget problems would be solved. Housewives could solve the budget crises but Congress is too busy to even debate the problems our nation faces. Debating critical problems in sound bites is laughable.</p>
<p>Transferring the wealth of the average American that rested in homes and pension funds to big banks and Wall Street has enriched the wealthiest and put those who have lost their homes and jobs and are at the mercy of the government. </p>
<p>Congress is being paid for doing nothing and being paid well! Get the money out of elections; stop the revolving door from Congress to K Street; stop the profiteering of the five major media corporations whose bottom line depends on keeping the nation at odds rather than solving critical problems.</p>
<p>As a start, prosecute the CEOs of the big banks who if they were average Americans would be sitting in a prison today. </p>
<p>Then get the companies pushing their pills and the attorneys advertising bad drugs off the air!<br />
Neither benefit the country as a whole and both encourage higher medical costs. Then bring back ethics to the medical field. Paying doctors to write 25 prescriptions monthly for senior citizens who are sicker from the meds prescribed than when they visited the doctor for the first time might explain the high cost of medicine. If hospitals cannot determine a common cold is not an emergency room matter and turn patients who simply don&#8217;t want to wait in line in the doctor&#8217;s office away, they don&#8217;t deserve to stay in business.</p>
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		<title>By: Dan_S</title>
		<link>http://blogs.reuters.com/gregg-easterbrook/2011/09/15/why-we-need-to-increase-taxes-on-the-rich/comment-page-1/#comment-3514</link>
		<dc:creator>Dan_S</dc:creator>
		<pubDate>Wed, 05 Oct 2011 17:11:22 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.reuters.com/gregg-easterbrook/?p=1039#comment-3514</guid>
		<description>Why don&#039;t we just switch to a flat tax, remove loopholes, drastically limit deductions &amp; exemptions (goodbye mortgage credit :-(  and make it so that *everyone* has some skin in the game?

We also, as a nation, need to discuss what is a reasonable portion of one&#039;s earnings to pay for federal gov&#039;t services.  We talk about tax &quot;increases&quot; and &quot;cuts&quot; but these are all relative to a current number that has fluctuated greatly over the past decade and increased dramatically in the century or so since its inception.</description>
		<content:encoded><![CDATA[<p>Why don&#8217;t we just switch to a flat tax, remove loopholes, drastically limit deductions &#038; exemptions (goodbye mortgage credit <img src='http://blogs.reuters.com/gregg-easterbrook/wp-includes/images/smilies/icon_sad.gif' alt=':-(' class='wp-smiley' />   and make it so that *everyone* has some skin in the game?</p>
<p>We also, as a nation, need to discuss what is a reasonable portion of one&#8217;s earnings to pay for federal gov&#8217;t services.  We talk about tax &#8220;increases&#8221; and &#8220;cuts&#8221; but these are all relative to a current number that has fluctuated greatly over the past decade and increased dramatically in the century or so since its inception.</p>
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		<title>By: GMYS</title>
		<link>http://blogs.reuters.com/gregg-easterbrook/2011/09/15/why-we-need-to-increase-taxes-on-the-rich/comment-page-1/#comment-3461</link>
		<dc:creator>GMYS</dc:creator>
		<pubDate>Mon, 26 Sep 2011 13:06:45 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.reuters.com/gregg-easterbrook/?p=1039#comment-3461</guid>
		<description>&quot;And that’s assuming a Soak the Rich approach would not dampen the economy.&quot;

Since I&#039;m more of a fan of your TMQ writing, here is the football analogy: &quot;And that&#039;s assuming cutting off Tom Brady&#039;s arm to give it to Tavaris Jackson would not dampen the Patriots offense.&quot;

The problem with the defecit is not undertaxation of the wealthy. The defecit can be reduced as the economy as a whole grows. The economy grows when producers/capitalists invest, not when their money is forcibly extracted and given to an inefficient federal bureaucracy to squander.</description>
		<content:encoded><![CDATA[<p>&#8220;And that’s assuming a Soak the Rich approach would not dampen the economy.&#8221;</p>
<p>Since I&#8217;m more of a fan of your TMQ writing, here is the football analogy: &#8220;And that&#8217;s assuming cutting off Tom Brady&#8217;s arm to give it to Tavaris Jackson would not dampen the Patriots offense.&#8221;</p>
<p>The problem with the defecit is not undertaxation of the wealthy. The defecit can be reduced as the economy as a whole grows. The economy grows when producers/capitalists invest, not when their money is forcibly extracted and given to an inefficient federal bureaucracy to squander.</p>
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		<title>By: JK22</title>
		<link>http://blogs.reuters.com/gregg-easterbrook/2011/09/15/why-we-need-to-increase-taxes-on-the-rich/comment-page-1/#comment-3419</link>
		<dc:creator>JK22</dc:creator>
		<pubDate>Wed, 21 Sep 2011 22:54:42 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.reuters.com/gregg-easterbrook/?p=1039#comment-3419</guid>
		<description>Gregg, could you explain how someone very rich who is subject to Alternative Minimum Tax can pay less than 26-28% federal tax at the margin? All deductions are lost and the tax is on the gross including capital gains and dividends. Add 10% state tax and you have 36-38%.</description>
		<content:encoded><![CDATA[<p>Gregg, could you explain how someone very rich who is subject to Alternative Minimum Tax can pay less than 26-28% federal tax at the margin? All deductions are lost and the tax is on the gross including capital gains and dividends. Add 10% state tax and you have 36-38%.</p>
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		<title>By: CapnKirk77</title>
		<link>http://blogs.reuters.com/gregg-easterbrook/2011/09/15/why-we-need-to-increase-taxes-on-the-rich/comment-page-1/#comment-3418</link>
		<dc:creator>CapnKirk77</dc:creator>
		<pubDate>Wed, 21 Sep 2011 15:05:30 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.reuters.com/gregg-easterbrook/?p=1039#comment-3418</guid>
		<description>If the Federal Govt has not PROVEN to be one of the most wasteful, inefficient, unaccountable, constantly expanding and sometimes corrupt entities in America, I might agree with Gregg. Until the Congress shows that they are good stewards with the current tax dollars they receive they deserve no more. Lets start with the idea of responsibility. How about Congress makes an actual effort to balance the budget? Why do they use the budgeting gimic of the Current Service Baseline when in actuality they should have to qualify each annual budget upon necessity and not simply an automatic 8% - 10% increase &quot;just because&quot;. Giving Congress more money, when they have demonstrated such irresponsibility, would be like having your children play tackle football without helmets.</description>
		<content:encoded><![CDATA[<p>If the Federal Govt has not PROVEN to be one of the most wasteful, inefficient, unaccountable, constantly expanding and sometimes corrupt entities in America, I might agree with Gregg. Until the Congress shows that they are good stewards with the current tax dollars they receive they deserve no more. Lets start with the idea of responsibility. How about Congress makes an actual effort to balance the budget? Why do they use the budgeting gimic of the Current Service Baseline when in actuality they should have to qualify each annual budget upon necessity and not simply an automatic 8% &#8211; 10% increase &#8220;just because&#8221;. Giving Congress more money, when they have demonstrated such irresponsibility, would be like having your children play tackle football without helmets.</p>
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		<title>By: AustinG</title>
		<link>http://blogs.reuters.com/gregg-easterbrook/2011/09/15/why-we-need-to-increase-taxes-on-the-rich/comment-page-1/#comment-3416</link>
		<dc:creator>AustinG</dc:creator>
		<pubDate>Tue, 20 Sep 2011 15:03:01 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.reuters.com/gregg-easterbrook/?p=1039#comment-3416</guid>
		<description>Tharmo,

There is a limit on FICA taxes for Social Security because there is also a limit on the benefits that you receive.  The program was not setup to be a welfare program, but instead a social insurance program.  In theory you are supposed to get out of it what you put in.  Though in practice there is no money saved for anyone.  The only way that they can pay out benefits next month is to tax people.

Also while everyone pays FICA taxes in theory those with low incomes get money back on their income taxes to pay for it.  The net income tax for the bottom 20% is -6.8%.  Please check out the links in my above post to the effective tax rates that people pay.  The top 5% pay a rate that is over twice as high as those in the middle.</description>
		<content:encoded><![CDATA[<p>Tharmo,</p>
<p>There is a limit on FICA taxes for Social Security because there is also a limit on the benefits that you receive.  The program was not setup to be a welfare program, but instead a social insurance program.  In theory you are supposed to get out of it what you put in.  Though in practice there is no money saved for anyone.  The only way that they can pay out benefits next month is to tax people.</p>
<p>Also while everyone pays FICA taxes in theory those with low incomes get money back on their income taxes to pay for it.  The net income tax for the bottom 20% is -6.8%.  Please check out the links in my above post to the effective tax rates that people pay.  The top 5% pay a rate that is over twice as high as those in the middle.</p>
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		<title>By: GWolf</title>
		<link>http://blogs.reuters.com/gregg-easterbrook/2011/09/15/why-we-need-to-increase-taxes-on-the-rich/comment-page-1/#comment-3415</link>
		<dc:creator>GWolf</dc:creator>
		<pubDate>Tue, 20 Sep 2011 02:08:00 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.reuters.com/gregg-easterbrook/?p=1039#comment-3415</guid>
		<description>Your previous post discussed all the waste and graft in government construction projects. How about we clean that wasteful spending up first, before we start raising taxes (on anyone) to pay for the waste?!?</description>
		<content:encoded><![CDATA[<p>Your previous post discussed all the waste and graft in government construction projects. How about we clean that wasteful spending up first, before we start raising taxes (on anyone) to pay for the waste?!?</p>
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		<title>By: tharmo</title>
		<link>http://blogs.reuters.com/gregg-easterbrook/2011/09/15/why-we-need-to-increase-taxes-on-the-rich/comment-page-1/#comment-3414</link>
		<dc:creator>tharmo</dc:creator>
		<pubDate>Mon, 19 Sep 2011 15:54:34 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.reuters.com/gregg-easterbrook/?p=1039#comment-3414</guid>
		<description>You&#039;re correct in pointing out that 49% of taxpayers pay no FICA, however your readers should note that all of these taxpayers and their employers are responsible for payroll taxes that total 13% or higher.  Warren Buffet is always careful to point this out as an unjust aspect of the tax system.  The well off stop paying payroll taxes after a certain income and payroll taxes do not have to be paid on certain types of income.  It would be interesting to compare the effect of applying payroll taxes at the same rate to all income versus raising the federal income tax rate.  If the President proposed this, Republicans could argue that the had secured no increase in federal taxes and the poor and (most of) the middle class would see no overall tax increase.</description>
		<content:encoded><![CDATA[<p>You&#8217;re correct in pointing out that 49% of taxpayers pay no FICA, however your readers should note that all of these taxpayers and their employers are responsible for payroll taxes that total 13% or higher.  Warren Buffet is always careful to point this out as an unjust aspect of the tax system.  The well off stop paying payroll taxes after a certain income and payroll taxes do not have to be paid on certain types of income.  It would be interesting to compare the effect of applying payroll taxes at the same rate to all income versus raising the federal income tax rate.  If the President proposed this, Republicans could argue that the had secured no increase in federal taxes and the poor and (most of) the middle class would see no overall tax increase.</p>
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