Posts tagged as:

taxes

Comrade Obama: wealthy need to pay their fair share of taxes (and he could be right)

by an Unemployed White Male on December 12, 2011

in Business & Economy,Politics & Government,Recession

NEW YORK (CNNMoney) — In case you haven’t heard, President Obama wants the wealthiest to pay more in taxes.

Noting the rise in income inequality in recent years and the need to reform the U.S. tax system, the president on Tuesday said that some of the wealthiest in America pay far less in federal taxes as a percentage of their income than many lower down the income scale.

Read the article here.

Tagged as: Economic recovery, income inequality, middle class, President Obama, Recession, taxes, unfair taxes, US economic recovery, US economy, wealthy

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Under Republican presidential candidate Herman Cain’s 9-9-9 tax plan, poor and middle class would more taxes

by an Unemployed White Male on October 19, 2011

in Business & Economy,Politics & Government

Under Herman Cain’s 9-9-9 tax reform plan, 84% of U.S. households would pay more than they do under current tax policies, according to a report released Tuesday by a nonpartisan research group.

And the impact would be felt most heavily by the lowest income groups.

Read more: http://money.cnn.com/2011/10/18/news/economy/cain_999_plan/index.htm

Tagged as: 999 tax plan, Heman Cain, income tax, Mitt Romney, presidential politics, Republican presidential candidates, taxes, unemloyment, US economy

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