President Barack Obama has preached that all Americans should pay their fair share in taxes, but a government report finds that tens of thousands of federal employees — from staffers in Congress to federal agencies and even Obama's executive office — collectively owe the government billions in back taxes.
Ralph: I was fortunate enogh to make 225k last year (took 25 years and a lot of education, risk and hard work to get there). In federal, state, and local taxes, I paid aobut 110K, and thanks to AMT, cannot deduct home mortgage, charitable donations etc. This is what you have to look forward to when your income increases. Oh, and everyone thinks you are an evil bastard because you worked your way up. And, your SS income will not go up corresponding with your prior income, the police do not come to your call any faster, the roads are not better, etc. Your taxes support everyone else. Yes, we need to share, but if the government wants more, then I'm less inclined to grow my business further which means I will create fewer jobs. This country grew based on priciples of capitalism. THe erosion of these priciniples will have adverse consequences.
— smurph
Latest Comments
It was the BANKS!!! Lehman E-Mails Show Wall Street Arrogance Led to the Fall
Obama encounters blowback from the SEALS
ALEC's Minions Call for the Waaambulance
US economy adds 120K jobs, jobless rate at 8.2 pct
Capitalism's Dirty Secret: Corporations Don't Create Jobs, They Destroy Them
More Americans move to cities in past decade: census
More Americans move to cities in past decade: census
Analysis: Health ruling looms small in Obama race
Analysis: Health ruling looms small in Obama race
Analysis: Health ruling looms small in Obama race