START A PETITION 25,136,189 members: the world's largest community for good
START A PETITION
x

Take Action: Congress Needs to Hear This Message From Us: Have a Heart - Raise Taxes on Big Corporations and the Richest 2% Inst


US Politics & Gov't  (tags: corruption, congress, americans, abuse, economy, ethics, government, politics, propaganda, u.s., usa )

JL
- 548 days ago - salsa3.salsalabs.com
I know you're thinking Valentine's Day is just another made up corporate holiday meant to sell candy, chocolates, and those little stuffed bears. But, it's important to remember what Valentine's Day should really be about - showing loved ones that you rea



Select names from your address book   |   Help
   

We hate spam. We do not sell or share the email addresses you provide.

Comments

JL A. (275)
Sunday February 17, 2013, 2:32 pm
I know you’re thinking Valentine’s Day is just another made up corporate holiday meant to sell candy, chocolates, and those little stuffed bears. But, it’s important to remember what Valentine’s Day should really be about – showing loved ones that you really care.

Unfortunately, in Washington D.C., conservatives in Congress are trying to do one of the most uncaring and heartless things imaginable. They’ve proposed slashing billions of dollars for veterans' mental health services, early childhood education programs, the salaries of thousands of people who process Social Security payments, and much more. They’re doing this so giant companies like Wells Fargo, Boeing, and General Electric can continue to pay absolutely nothing in federal income taxes. That’s heartless.

Congress needs to hear this message from us: Have a heart – raise taxes on big corporations and the richest 2% instead of cutting vital services.

President Obama has said it many times, “You just cut your way to prosperity.” He’s right. If we don’t do anything, in just 2 weeks millions of Americans will see services they’ve relied on for years drastically cut. We can avoid this.

Tell Members of Congress that they should have a heart and raise taxes on big corporations and the richest 2% - they can afford to pay their fair share.

I don’t know about you, but I’d rather honor our commitments to our veterans and to our schoolchildren than to keep giving huge tax breaks to companies like Wells Fargo and GE. Sign your name and let Congress know you agree right now.

Happy Valentine’s Day -

Christine Sloane

National Field Coordinator
Americans for Tax Fairness
 

Vicky P. (462)
Sunday February 17, 2013, 2:34 pm
Noted and signed
 

JL A. (275)
Sunday February 17, 2013, 4:00 pm
You cannot currently send a star to Vicky because you have done so within the last week.
 

Angelika R. (146)
Sunday February 17, 2013, 4:33 pm
You would have to transplant one into them first! -nevertheless, signed.
And they know exactly why they are dragging it out til 1 March..perhaps longer, but by 15 March I think each party MUST present their plan to avoid sequester..-?
 

JL A. (275)
Sunday February 17, 2013, 4:40 pm
You cannot currently send a star to Angelika because you have done so within the last week.
 

Joe R. (189)
Sunday February 17, 2013, 5:05 pm
Thanks JL. Signed and noted.
 

Thomas P. (468)
Sunday February 17, 2013, 5:19 pm
Noted and signed...thanks J.L.
 

Autumn S. (143)
Sunday February 17, 2013, 6:27 pm
Noted and signed, Thanks JL :)
 

Christeen Anderson (473)
Sunday February 17, 2013, 6:33 pm
Signed.
 

JL A. (275)
Sunday February 17, 2013, 6:35 pm
You cannot currently send a star to Christeen because you have done so within the last week.
 

Ellen G. (339)
Sunday February 17, 2013, 6:37 pm
2 sigs
 

Terry V. (30)
Sunday February 17, 2013, 7:02 pm
S&N thanks.
 

JL A. (275)
Sunday February 17, 2013, 7:08 pm
You are welcome Terry. You cannot currently send a star to Terry because you have done so within the last week.
 

Mitchell D. (130)
Sunday February 17, 2013, 7:11 pm
Noted and signed.
Once again, this is about feeding the Plutocrats. Paying one's share of taxes is part of the "Social contract," in my perspective. As I recall it, the whole Greek financial problem was the result of too many of the wealthy finding ways to avoid paying taxes.
 

JL A. (275)
Sunday February 17, 2013, 7:14 pm
Thanks for the reminder about Greece Mitchell--probably part of why there is a world-wide effort to restrain corporate tax avoidance and Clinton's call for going after the wealthy who are off-shoring their money.
 

Christina G. (11)
Sunday February 17, 2013, 7:54 pm
the problem as i see it is that corporations just pass the tax on to us -
a better idea might be to have them donate to the communuties they serve,
yees they can write that off but at least the people get something!
 

JL A. (275)
Sunday February 17, 2013, 7:59 pm
Only if the market can bear it Chris. Requiring B corp conditions be met could ensure they both do that and pay their share of taxes for the infrastructure benefits they receive.You cannot currently send a star to Chris because you have done so within the last week.
 

John B. (215)
Sunday February 17, 2013, 8:26 pm
Thanks J.L. for the post and link. Signed and noted.
 

JL A. (275)
Sunday February 17, 2013, 8:35 pm
You cannot currently send a star to John because you have done so within the last week.
 

Lynn Squance (230)
Sunday February 17, 2013, 11:44 pm
The tax cuts to American 2% seem to cross the border (without a bloody passport I might add!) and infect the Canadian 2%. As such, I signed.
 

F gonefourdays F. (110)
Sunday February 17, 2013, 11:58 pm
Thank you for signing up and telling Congress that it's time for the richest 2% and big corporations like GE, Boeing, and Wells Fargo need to pay their fair share.

J.L., thank you for posting this important petition!
 

Giana Peranio-Paz (379)
Monday February 18, 2013, 12:46 am
Signed, we are also routing for this action here in Israel.
 

Lynn D. (0)
Monday February 18, 2013, 1:37 am
Thanks it's time the big corporations tax breaks be stopped!
 

Ram Reddy (7)
Monday February 18, 2013, 1:43 am
Noted
 

Anna Undebeck (205)
Monday February 18, 2013, 2:36 am
Noted and signed. thanks
 

Julie E. (347)
Monday February 18, 2013, 2:53 am
Absolutely signed! Thanks J.L.!
 

JL A. (275)
Monday February 18, 2013, 6:46 am
You cannot currently send a star to Giana because you have done so within the last week.
 

Arielle S. (316)
Monday February 18, 2013, 6:50 am
I believe those who are fortunate enough to have plenty have a moral obligation to those less fortunate and even to society in general to share a bit of the wealth. These companies are not just fortunate, they are cheaters and thieves stealing from those less fortunate by avoiding taxes, often completely avoiding taxes. Signed and noted.
 

Aaron Bouchard (126)
Monday February 18, 2013, 7:29 am
Signed and noted thanks
 

jan b. (3)
Monday February 18, 2013, 8:06 am
One good example is Facebook which had a profit of around a billion dollars and paid no taxes. Now we lived quite well without facebook before so it is hardly a necessity.
 

Patrick Donovan (319)
Monday February 18, 2013, 8:38 am
Corporations get away with paying very tax due to the U.S. tax law that says their income from overseas in not taxable in the U.S. (unless certain circumstances).

People are required to pay taxes on all world-wide income - period.

Let's have some fairness in tax. Tax the rich and the corporations the same as we are.
 

JL A. (275)
Monday February 18, 2013, 9:00 am
You cannot currently send a star to janice because you have done so within the last week.
You cannot currently send a star to Patrick because you have done so within the last week.
 

Ro H. (0)
Monday February 18, 2013, 9:28 am
ty
 

JL A. (275)
Monday February 18, 2013, 9:57 am
You are welcome Ro
 

Diane O. (149)
Monday February 18, 2013, 11:05 am
Liberals never seem to "think" before they speak. That's right. Bite the hand that feeds not only you but your famiies. Need an example? Look at France targeting their rich by moving towards raising their taxes to 75%. Now they've fired the gun into their own foot. The rich simply move to a more tax friendly country taking their businesses and France's jobs with them.

Fairness in tax would be the flat tax where every single working American has some "skin in the game."
 

Diane O. (149)
Monday February 18, 2013, 11:11 am
To our cerebral liberals, so what happens one day when you run out of rich people in the US to pay the lion's share of taxes for you to receive all of your cushy little benefits? Who do you turn to keep pumping that tax revenue into your social security and medicare? Common sense would say that the middle class will then be on the hook for all of the entitlement people and what will that do to your quality of living? And, mind you, the reason your quality of living will plummet will be because the government is taxing you, the middle class, 75% of your income.

Not a pretty scenario not on any level but it could happen if your wishes come true to tax the life out of our job engines. Smart business people have already sent production to Viet Nam, China...Thailand where they can have products made in order to realize a profit. Meanwhile, their US offices are filled with Americans they can afford salaries and benefits to.

 

Lisa Neste (694)
Monday February 18, 2013, 11:15 am
Thank you for signing up and telling Congress that it's time for the richest 2% and big corporations like GE, Boeing, and Wells Fargo need to pay their fair share. Thanks J.L.
 

Diane O. (149)
Monday February 18, 2013, 11:24 am
47% of Americans pay no tax at all. The richest 2% pay the lion's share. Want to tax them more? How much is enough? Would you feel more comfortable if our large corporations relocated to a more tax friendly country? Yes? And they take your job with them? No?

Time for the liberals to put on their thinking caps.
 

JL A. (275)
Monday February 18, 2013, 11:32 am
To those who benefit most from tax funded infrastructure, more in return is equitaqble. More jobs are small businesses than corporations and few of the two percenters are small businesses so this is the rational, compassionate, equitable, and job creating approach for all who base their decisions on all relevant facts and data rather than cherry-picked to support myths.
FactCheck: Only some corporations pay no tax at all--other individuals pay property, sales, gas taxes and other state and local taxes. This goes after those corporations collecting refunds without paying any taxes
 

Lynn Squance (230)
Monday February 18, 2013, 11:50 am
@ Diane O --- A flat tax?! A flat tax unfairly and disproportionately taxes the lower and middle income earners. And "47% of Americans pay no tax at all" is an old, hackneyed chestnut that is patently untrue! Much of that 47% are pensioners drawing on their SS that they paid into during their working lives; and all pay other taxes such as sales taxes, state taxes, gas taxes, property taxes etc. You obviously did not, like the Republican/Teabagger politicians, did not learn anything in 2012.

There is a price for citizenship! Part of that price is taxes that assist those corporations to get their products to market, or consumers to them. To paraphrase a line from English poet John Donne's 'Meditation XVII' , no corporation is an island unto itself.
 

JL A. (275)
Monday February 18, 2013, 11:51 am
You cannot currently send a star to Lynn because you have done so within the last week.
 

Linda Rust (67)
Monday February 18, 2013, 12:16 pm
Diane O., The rich in the U.S. are already taking the jobs overseas, or haven't you heard of outsourcing? Not paying taxes on their millions and billions of dollars in profits wasn't enough to satisfy their greed. They need to send jobs to countries where the workers are paid a dollar or two a day, and work in the most unsafe conditions where they could be burned alive while struggling to earn their pennies. Those hands aren't feeding anything but their offshore bank accounts.
 

Israel Valdez (0)
Monday February 18, 2013, 12:22 pm
Signed
 

Sharon F. (0)
Monday February 18, 2013, 12:29 pm
Yes, indeed. The corporations and the rich should pay their fair share. Why isn't somebody doing something about the Caymen Islands hideway for $.
 

Diane O. (149)
Monday February 18, 2013, 12:30 pm
It is a fact that 47% of Americans pay no tax at all. Yes, they have taxes taken out of their salaries but then are refunded depending on how many exemptions they have declared on their pay. People in America do not pay taxes for different reasons so my 47% stands within a percentage or two each way. Retired folks who are living on social security "alone" if they earn under a certain amount do not pay taxes. Those with investments and social security pay taxes.

A flat tax would absolutely be fair from the poor to the rich. If a wealthy person earns $1 billion a year then they need to pay 10%. If a poor person earns $30,000 a year they need to pay 10% in taxes. Until we level the playing field in our country we will continue to have the bleeding hearts telling the rich in our country that they need to give YOU some of their income. If we don't stop this nonsense now the liberals in due time will demand that the rich pay their mortgage payments and maybe buy you a boat because you enjoy being on the water.

One day countries run out of rich people. Is this what you want from America? And when we run out of rich people, are you going to stand up to the plate and share 60% of your earnings so that your neighbors can have the same thing you have?

We live in a capitalistic country where all Americans are free to chart their own financial paths. Some Americans won't opt to do the hard work such as getting an education, paying off their student loans and then borrowing money from a bank to start a business. Some won't want to keep putting profits back into their businesses because they will want to live above their means and their businesses will cave. Then there are other Americans who will go to college and grad school, pay off their student loans, get a business loan from the bank to nurture their "idea" to create something that might be in everyone's kitchen eventually, and they will keep putting profits back into their business until it goes to the point (by the way these people are working night and day) that their companies go public and lo and behold they are considered "the rich people" by the liberals because they are making $1 billion a year because for decades they worked day and night. They have also provided millions of jobs to Americans. So, now....what do the liberals want to do with these "blights on society?" The liberals want half of what these businesses have amassed for themselves via tax revenue. They want to penalize them for the audacity of having a dream, inventing a product that we all might use everyday and then want to call them "greedy bastards." Meanwhile, they have kept their production in the US paying union wages of over $60.00 an hour to get their product made and now our government raises their taxes. Next the hourly union wages have gone up so what have the liberals and our government accomplished in the end? They've chased the production of this "fine product" overseas because the cost of owning a business in America is in the top 5 most expensive places in the world to "own" a business...did I mention that millions of jobs went overseas, too? So, now what do the liberals have? They were laid off from their job, lost their benefits and are now on unemployment benefits and there's no good job in sight because they chased "the rich" to a more tax friendly country. This would be a situation my grandfather would've called "biting your nose to spite your face."

All you have to do is follow the bouncing ball and when you do you'll discover that one day you tax the rich so much that they "leave" and go somewhere else and they take the jobs with them.

Small businesses are upwards to 500 employees. 53% of Americans work for small businesses, the very businesses who will now reduce employee's work hours from 40 hours a week down to 30 hours a week so that they are not eligible for health insurance. That, my friends, is a gift from Obama and his Affordable Care Act. It will cost all businesses around $2,800 a year per employee who is not enrolled in it. Liberals like to call it a tax. What it really is called is "unconstitutional" and to date 26 states have opted not to be in it and have not set up one of Obama's "exchanges" and have, in fact, told the government if you want an exchange in my state you'll have to do it yourself.

Liberals, hopefully, will get what they ask for. I want to live long enough to see that.
 

Vera Taylor (46)
Monday February 18, 2013, 12:51 pm
It will never happen. To many rich bendajo's in office. They wkill NOT hurt themselves
 

Sara W. (110)
Monday February 18, 2013, 12:52 pm
I work and pay taxes and get a lot taken out of my pay check. I got hardly any back during tax time with few if any exemptions. These people can afford to pay more considering how little they pay to begin with. Gladly signed.
 

Diane O. (149)
Monday February 18, 2013, 1:07 pm
I'm sure you also noticed that your social security taxes went up lowering your net paycheck. You can send Obama a text message thanking him for that. The rich people in America pay the lion's share in taxes. They always have but one day they'll get tired of being "used" and move to a more tax friendly country taking jobs, perhaps even yours, with them. It is happening in other countries today.

This path to penalizing the very people who provide the jobs in our country will only come back to hurt the middle and lower middle class Americans. So, be careful what you wish for. You just might get it.
 

Barbara K. (88)
Monday February 18, 2013, 1:18 pm
Absolutely! Get it from the ones with more money. Let them put it to good use, like supporting the government who made them rich in the first place. We pay our share, now let them pay theirs. Thanks, my friend.
 

Diane O. (149)
Monday February 18, 2013, 1:19 pm
Good idea, Barbara, why don't you give 50% of your income to people who don't make as much as you? That way you'll get an idea of "how good it feels" to share.
 

Mary Alexander (23)
Monday February 18, 2013, 1:45 pm
I signed and this really doesn't surpirse me that the GOP is so welling to do this. They are just school children. It is rally sad.
 

Lynn Squance (230)
Monday February 18, 2013, 1:46 pm
@ Diane O --- "This path to penalizing the very people who provide the jobs in our country will only come back to hurt the middle and lower middle class Americans ..."

Proof that you haven't learned a thing Diane O and are stuck, like a broken record, on the Republican/Teabagger propaganda talking points. "penalizing the very people who provide the jobs"? Give me a break. It is consumer demand that is the big job creator, and there are a few millionaire/billionaires who truly understand this, like Nick Hannauer. When consumers have money to spend, they buy. The more bought, the creater the supply needed. There comes a point where in order to meet demand, the business owner must hire additional workers. That hiring is being driven by consumers, not business owners. It is reqally very logical Diane, unlike your argument.
 

Lynn Squance (230)
Monday February 18, 2013, 1:49 pm
BTW, I am pledging to drop the word "class" from "working or middle CLASS" and replace it with "working or middle INCOME EARNERS" to get away from the idea of 'class'. After all, we are talking about income anyway. Anybody ready to join me?

I may slip up from time to time, but it is really what we are talking about isn't it?
 

Barbara K. (88)
Monday February 18, 2013, 1:55 pm
Did you know that on Rachel Maddow on MSNBC tonight she will be narrating Hubris, showing us and telling us all about how the Republicans lied us into the Iraq war? I saw several previews and it will be great information for us all. Of course we know they lied us into war, but this will spare no names. Pass on the info all you can so they can all have a better understanding.
 

Barbara K. (88)
Monday February 18, 2013, 1:58 pm
DO, I suspect you are a member of the Liars Club. If you make enough money to pay 50% of it to taxes, by all means do so. The most of us don't; and besides, there is no 50% tax rate. So go bother someone else.
 

Dave C. (213)
Monday February 18, 2013, 2:07 pm
done....thanks.
 

JL A. (275)
Monday February 18, 2013, 2:28 pm
You cannot currently send a star to Barbara because you have done so within the last week.
You cannot currently send a star to Dave because you have done so within the last week.
 

Lois Jordan (54)
Monday February 18, 2013, 2:37 pm
Signed & Noted. Much thanks, J.L.
Yes, absolutely raise their taxes....or, in so many cases--start taxing them. Cut the loopholes. And, NO flat tax. Lynn's absolutely right, a flat tax would be another gift to the wealthiest and hurt the rest of us. It's a terribly stupid idea that conservonuts break out from time-to-time to "test the waters" and then they go back in their little holes when we present facts. We pay our taxes, which is more than I can say of many dirty energy companies, Facebook, GE.....
 

JL A. (275)
Monday February 18, 2013, 2:39 pm
Excellent idea Lynn! And BTW--a temporary tax cut which expires isn't someone raising taxes--the SS cut for 2012 was never intended to be permanent since the funds are needed for future benefits. In fact, it went up because Congress failed to do anything to continue it--LOL--the GOP in the House especially.
 

JL A. (275)
Monday February 18, 2013, 2:46 pm
You cannot currently send a star to Lois because you have done so within the last week.
 

Mary Donnelly (47)
Monday February 18, 2013, 2:46 pm
Thanks J.L.--signed and sent.
 

Robert Tomlinson (64)
Monday February 18, 2013, 2:47 pm
Signed & Noted!
 

Diane O. (149)
Monday February 18, 2013, 2:52 pm
Well, if you don't want to be known as being in a certain class you most certainly can remove it from your vocabulary but, unfortunately, it won't go away. Our income tax rate structure seems to put us in a class but I do like your idea of "wage earner." Not a bad thought, actually, to change that distinction.

There may not be a 50% tax on incomes in America YET but as we look across the pond at the "free" universal healthcare they are receiving, we learn right away that it is anything but free. Check out their rate structure and what some of these countries are paying each payday for "free" services. It's a lesson Americans should pay attention to. Some of us will keep our heads in the sand and not face reality and some of us will continue to fight for lower taxes, smaller government and our Constitution. We have a Constitution for a reason. We are, technically, a Federal Republic because we have a central government with certain rights and powers reserved to the states. We will always be just that. We won't become a socialist country with universal healthcare and we will continue to fight for our rights under our Consitution.

Personally, I wouldn't give Rachel Maddow a nano second of my time. She's a liberal talking head and full up to her ears with liberal talking points so nothing she has to say will blow my skirt up and no, I don't pay 50% in taxes but I can see a path being laid for it by virtue of having an incompetent president for four more years.

I don't belong to The Liars Club which is cute name for a club in its own way. I am a very proud American who believes in seeking the truth, honoring our Constitution, smaller government in our lives and I support capitalism. I believe marriage is between one man and one woman. I believe in a balanced budget from a president and I believe in a strong American military. I was raised in a military family and I married into the military. I also believe in God. I love animals and can't bear to go on the animal cruelty sites here on Care 2 because it makes me sick, and I believe gays and lesbians have a right to their own lives without ridicule. I'm a very good neighbor, a trusted friend, a devoted mother and grandmother and I have a wonderful husband I simply adore. I also love to cook and I'm a retired interior designer and was a small business owner for years. Perhaps that might disqualify me for the Liars Club. I hope so.

Oh, did I say, I'm passionate about politics? I believe in YOUR freedom of speech and I hope you believe in MY freedom of speech. After all, we are here to exchange our opinions and add to an ongoing political discussion. We aren't here to get personal with each other but it happens.
 

JL A. (275)
Monday February 18, 2013, 3:25 pm
The constitution requires promoting the general welfare of the people: a proper government function which tax avoiders among corporations and the wealthy off-shoring their income are ignoring. This initiative ensures they are not thumbing their nose at the constitution any longer.
You cannot currently send a star to Mary because you have done so within the last week.
You cannot currently send a star to Robert because you have done so within the last week.
You cannot currently send a star to Sara because you have done so within the last week.
You cannot currently send a star to Vera because you have done so within the last week.

Taxes should be on most all forms of income, not only wages which transfers the tax burden down to lower earners. One of the problems with revenue is that the capital gains tax got slashed to be much less than that paid on other forms of income.
 

Diane O. (149)
Monday February 18, 2013, 3:34 pm
Talk about tax evaders....geez....Obama sure had quite a few in the White House. It's not against the law to take one's money offshore. No one broke the law. What's your point? You forgot to mention the death tax. You know what that is, don't you? That's taxing the money TWICE. Think that's fair?
 

DAVID LAIRD (0)
Monday February 18, 2013, 3:38 pm
SIGNED
 

JL A. (275)
Monday February 18, 2013, 3:45 pm
It is illegal for tax avoidance purposes and Swiss banks are finally helping with the prosecutions.

The only federal inheritance taxes are on estates over $5 million--a level where most analyses indicate prior tax avoidance occurred.
 

JL A. (275)
Monday February 18, 2013, 3:46 pm
You cannot currently send a star to DAVID because you have done so within the last week.
 

Birgit W. (144)
Monday February 18, 2013, 4:35 pm
Signed, thanks
 

Jude Hand (59)
Monday February 18, 2013, 4:46 pm
Signed, thanks. I recently read that oft-beloved Facebook is on that list.
 

JL A. (275)
Monday February 18, 2013, 4:54 pm
You cannot currently send a star to Birgit because you have done so within the last week.
They are indeed Jude. You cannot currently send a star to Jude because you have done so within the last week.
 

Sharon H. (290)
Monday February 18, 2013, 5:00 pm
Sorry you don't like Rachel Diane....unlike the FAUX Noise, she actually checks all facts she reports and if she does make any mistakes,corrects herself....unlike the "performers" on FAUX. Oh and did I mention that she's a Rhodes Scholar?
 

Kathy B. (98)
Monday February 18, 2013, 5:00 pm
Diane O. I suspect that if you looked into it you would find that your beloved rich people are included in the 47% who pay no taxes. (That would be the people who do not create jobs.)
 

Roni Jo Patterson (4)
Monday February 18, 2013, 5:11 pm
Have a heart? To hell with that, just do your damn job, Congress. You in the House of Representatives, especially, are elected to protect *all* American citizens, not just your rich buddies! And stop your damn whining.
 

JL A. (275)
Monday February 18, 2013, 5:12 pm
You cannot currently send a star to Roni Jo because you have done so within the last week.
 

Gayle R. (27)
Monday February 18, 2013, 5:12 pm
Diane O.--"... out of rich people in the US to pay the lion's share of taxes..."

Hon, they don't pay their fair share now and many pay absolutely nothing.

Diane O.--"...the reason your quality of living will plummet will be because the government is taxing you,..."

Umm, nope...it will be because those lovely rich people you so adore keep paying their workers less and less.

Diane O.--"Smart business people have already sent production to Viet Nam, China...Thailand where they can have products made in order to realize a profit."

That's right, they make a big profit by using what is next to slave labor. How commendable (that's sarcasm).

Diane O.--"Meanwhile, their US offices are filled with Americans they can afford salaries and benefits to."

Ah, yes, we wouldn't want all those wealthy American CEOs, et al, to go without their multi-million dollar bonuses. How ever would the Cayman Islands survive without their deposits?
 

Nelson Baker (0)
Monday February 18, 2013, 5:27 pm
Signed
 

Phil P. (90)
Monday February 18, 2013, 5:47 pm
@ Diane O. "It's not against the law to take one's money offshore. No one broke the law."

Funny how tax avoidance (dodging) works Diane. You get some lobbyist to do their thing and make some contributions to Congress Persons and their PACs to change those pesky tax laws so they don't have to pay so much, all under the guise of benefits to consumers (not to mention the business). End result is you "avoid" the previous tax you use to pay and lo and behold, you don't have to cheat anymore since it's now legal and it only cost you a one time fee of $1 for ever $100 or $1000 of tax you avoid, each and every year. It's all win-win because others will pick up the tab to fix the roads and bridges you drive on or other Govt services you might use. And if there's not enough money in tax collects from the "little people" you get the Govt to borrow it or cut those Govt service. Win - Win, since I'm now really rich and don't use many of those Govt services anyway.
 

Kenneth G. (108)
Monday February 18, 2013, 6:43 pm
Thanks
 

Kenneth G. (108)
Monday February 18, 2013, 6:43 pm
Thanks
 

JL A. (275)
Monday February 18, 2013, 6:45 pm
You are welcome Kenneth
 

Esther Z. (101)
Monday February 18, 2013, 8:38 pm
Noted and signed. Great post, J.L.A.
 

Gayle R. (27)
Monday February 18, 2013, 8:51 pm
Diane O.--The Estate Tax/Inheritance Tax (aka "Death Tax") if left to a spouse or a Federally recognized charity, the tax usually does not apply. In addition, up to $5,000,000 can be given by an individual, before and/or upon their death, without incurring federal gift or estate taxes.

You need to read up on these things before you discuss them. Not many of us have this much money, so it doesn't effect the normal person. Also, it's not double taxation because the person receiving the huge chunk of money is receiving income they didn't have before, therefore it is taxable.
 

JL A. (275)
Monday February 18, 2013, 8:55 pm
Money does indeed keep transferring Gayle. It's kind of like saying because I paid taxes when I earned my money the store I bought things from or the person I hired shouldn't count what I paid them as income because it was already taxes when I earned it (inheritance example). You cannot currently send a star to Gayle because you have done so within the last week.
 

JL A. (275)
Monday February 18, 2013, 9:13 pm
To add to our understanding of estate taxes from wikipedia:
Arguments in favor

Proponents of the estate tax argue that it serves to prevent the perpetuation of wealth, free of tax, in wealthy families and that it is necessary to a system of progressive taxation.[30] Proponents point out that the estate tax affects only estates of considerable size (over $5 million USD, and $10 million USD for couples) and provides numerous credits (including the unified credit) that allow a significant portion of even large estates to escape taxation. Proponents note that abolishing the estate tax will result in tens of billions of dollars being lost annually from the federal budget.[31]

Furthermore, supporters argue that many large fortunes do not represent taxed income or savings, that wealth is not being taxed but merely the transfer of that wealth, and that many large fortunes represent unrealized capital gains which (because of a step up in basis at the time of death) will never be taxed as capital gains under the federal income tax.[32]

Another argument in favor of the estate tax relates to comparative incentives. Proponents argue that the estate tax is a better source of revenue than the income tax, which is said to directly disincentivize work. While all taxes have this effect to a degree, some argue that the estate tax is less of a disincentive since it does not tax money that the earner spends, but merely that which he or she wishes to give away for non-charitable purposes. Moreover, some argue that allowing the rich to bequeath unlimited wealth on future generations will disincentivize hard work in those future generations.[31] Winston Churchill argued that estate taxes are “a certain corrective against the development of a race of idle rich”. Research suggests that the more wealth that older people inherit, the more likely they are to leave the labor market.[33]

Proponents of the estate tax tend to object to characterizations it operates as a double or triple taxation. They point out many of the earnings subject to estate tax were never taxed because they were "unrealized" gains.[34] Others note double and triple taxation is common (through income, property, and sales taxes, for instance) or argue the estate tax should be seen as a single tax on the inheritors of large estates.

Supporters of the estate tax argue there is longstanding historical precedent for limiting inheritance, and note current generational transfers of wealth are greater than they have been historically. In ancient times, funeral rites for lords and chieftains involved significant wealth expenditure on sacrifices to religious deities, feasting, and ceremonies. The well-to-do were literally buried or burned along with most of their wealth. These traditions may have been imposed by religious edict but they served a real purpose, which was to prevent accumulation of great disparities of wealth, which, estate tax proponents suggest, tended to avoid destabilizing societies and prevented social imbalance, eventual revolution, or disruption of functioning economic systems.
---------------------
Note the reference to taxing untaxed captital gains
 

Joan M. (1090)
Monday February 18, 2013, 9:43 pm
Signed & Noted. Thanks J.L.
 

JL A. (275)
Monday February 18, 2013, 9:53 pm
You are welcome Joan. You cannot currently send a star to Joan because you have done so within the last week.
 

Parvez Zuberi (7)
Tuesday February 19, 2013, 1:16 am
Signed and noted thanks
 

Jim Phillips (3215)
Tuesday February 19, 2013, 3:07 am
Petition signed.

GE, a multi-national corporation, pays no taxes. GE even gets money back from the US government
via "tax breaks" in the IRS tax law structures.

Hmm, do you think that is "fair"...

There are so many "pros" and "cons"... as in who do you believe...

The truth about GE's tax bill - "blog"
http://features.blogs.fortune.cnn.com/2011/04/04/the-truth-about-ges-tax-bill/

FactCheck.org has this to say:
http://www.factcheck.org/2012/04/warren-ge-pays-no-taxes/

General Electric CEO: U.S. tax policy hurting economy
http://edition.cnn.com/2012/10/03/business/general-electric-immelt

Ty, JL.
.
 

Ro H. (0)
Tuesday February 19, 2013, 5:16 am
ty
 

JL A. (275)
Tuesday February 19, 2013, 5:57 am
You are welcome Jim and Ro.
You cannot currently send a star to Jim because you have done so within the last week.
 

Cheriann P. (17)
Tuesday February 19, 2013, 1:36 pm
Noted and signed. L♡ve ☮ Peace.
 

Ila Vazquez (2)
Tuesday February 19, 2013, 5:15 pm
Signed/noted - needs to be done!
 

Diane O. (149)
Wednesday February 20, 2013, 3:08 am
I don't consider them "facts." You consider them facts. I never said people are "jealous" of the rich. I believe everyone has the opportunity to chart their own life path. It's always about personal choices.

Instead of showing up here to attack someone personally, I would be more interested in reading about your research on this topic. Personal attacks can get you in trouble on Care 2 as you well know.
 

Helen Porter (40)
Wednesday February 20, 2013, 4:32 am
Thank you for signing up and telling Congress that it's time for the richest 2% and big corporations like GE, Boeing, and Wells Fargo need to pay their fair share.
 

JL A. (275)
Wednesday February 20, 2013, 7:32 am
I'm sorry for those who do not accept peer-reviewed data from experts as facts--psychologists call that denial. Please stop pretending that unqualified pundits' opinions constitute facts.
The research and data have been provided multiple times on multiple threads the person who doesn't choose to view them as facts was on. "The person who does not read is no better off than the person who cannot read."
 

JL A. (275)
Wednesday February 20, 2013, 7:43 am
Definition of fact (n)

bing.com · Bing Dictionary
fact
[ fakt ]

something known to be true: something that can be shown to be true, to exist, or to have happened
truth or reality of something: the truth or actual existence of something, as opposed to the supposition of something or a belief about something
piece of information: a piece of information, e.g. a statistic or a statement of the truth
 

Diane O. (149)
Wednesday February 20, 2013, 10:20 am
I accept your apology, JLA. : )
 

Judy C. (106)
Wednesday February 20, 2013, 3:44 pm
Signed. Thanks J.L.
 

JL A. (275)
Wednesday February 20, 2013, 4:19 pm
I apologized that you are having trouble reading the facts to debunk the myths you write. When you are open to learning beginning research and analytical skills, let me know.I've earned the reputation of being an excellent mentor to those who want to learn.
 

JL A. (275)
Wednesday February 20, 2013, 4:20 pm
You cannot currently send a star to Judy because you have done so within the last week.
 
Or, log in with your
Facebook account:
Please add your comment: (plain text only please. Allowable HTML: <a>)

Track Comments: Notify me with a personal message when other people comment on this story


Loading Noted By...Please Wait

 


butterfly credits on the news network

  • credits for vetting a newly submitted story
  • credits for vetting any other story
  • credits for leaving a comment
learn more

Most Active Today in US Politics & Gov't

JL A.

JL A.
JL's contributions:
Stories noted recently: 448
Stories submitted: 4134
Front Page stories: 1929




 
Content and comments expressed here are the opinions of Care2 users and not necessarily that of Care2.com or its affiliates.