Home > Protest > Tax Day protest Tuesday

Tax Day protest Tuesday

Are you “disgusted by a tax system rigged for the 1%,” asks the flyer? If the answer is yes, you’re invited to a lunchtime rally at the Humboldt County Courthouse on Tuesday, April 17 at noon to join a lunchtime rally.

  1. Toohey
    April 16, 2012 at 8:49 am

    Yeah eat the rich, that will solve all our problems. I’m a little worried when those who claim to be the majority demonize a small minority.
    Historically it has lead to bad things. Why don’t we lobby instead for tax reform, fewer loopholes a flatter structure and lower rates. Then we as a society should all try to live within our means. I know that doesn’t quite have the emotional satisfaction of a witch hunt does it?

  2. Anonymous
    April 16, 2012 at 8:55 am

    Why is leveling the playing field characterized as a witch hunt?

  3. Anonymous
    April 16, 2012 at 9:12 am

    Occupy is calling for a little minor tax code reform? Boy I sure missed that one.

  4. iraqwarvet1201
    April 16, 2012 at 9:59 am

    @Toohey, how about we just get rid of taxes all together? Would that make you happy? That’s what these 1% want. Let’s be honest, they believe in Social Darwinism, they want the less fortunate to die. Rather than just beat around the bush, just tell the truth, you people hate your fellow man when you can’t make money off of them.

  5. jr
    April 16, 2012 at 10:09 am

    In the words of the great songwriter Randy Newman, “It’s money that matters.”

  6. HUUFC
    April 16, 2012 at 10:14 am

    Class warfare obama style. The top 1% pay 37% of federal income taxes. The top 50% pay 100% of the federal income taxes.
    If you used the police power of the federal government and took all of the evil rich people’s money, then spent it, then what would you do?

  7. High Finance
    April 16, 2012 at 10:16 am

    “Tax system rigged for the rich” ?

    LOL. When the top 1% pay something like 36-38% of all income taxes paid and the bottom 50% pay only 3% an informed person cannot say it is rigged for the rich.

    When close to 48% of the people don’t even have to file tax returns you cannot say it is rigged for the rich.

    If anything you should say the opposite. It is rigged against the rich.

  8. What Now
    April 16, 2012 at 10:19 am

    It’s only been class warfare if people fight back.
    How much in state, federal, and local spending goes into the pockets of those 1%?
    How much in do they rake in in no contract bids?
    How much do they invest in other nations and bet against their own fellow citizens?
    How many attorneys, lobbyists, and elected officials do they have doing their bidding rigging the system?

    The poor 1%.
    They’re entirely self-made victims.

  9. iraqwarvet1201
    April 16, 2012 at 10:20 am

    “It’s only called class warfare when the poor fight back”

    The top 1% pays “36-38%” really? Mitt Romney pays 13%…..guess he’s not rich.

  10. Anonymous
    April 16, 2012 at 10:34 am

    Will the protest be physically separate from the Occupy Humboldt group, or will passersby assume I support Occupy Humboldt by my attendance at the tax protest? I don’t support the waste of human potential that is exemplified by Occupy Humboldt.

  11. What Now
    April 16, 2012 at 10:57 am

    Rumor has it some Tea Party supporters are planning a meet at either the federal building in Eureka or the Clark Street post office.
    Also,there’s often ad hoc assemblies that gather to commiserate over this issue at most local bars and taverns.
    Not being a drinker myself, I can’t vouch for the political leanings of any of those gatherings, but with enough diligent research you might find one such group that you don’t mind throwing one or two back with in solidarity.

  12. 69er
    April 16, 2012 at 11:18 am

    My income is at the point that if I had one more dependant beside my wife I would fall into a level to receive most of the benefits for the impoverished. Due to my small Social Sacurity benefit I have to file long form and with no deductions other than personal and senior benefits. I get back everything I have paid in during the year on my retirement plan. I suppose that puts me in the 1% according to those that protest with the socalled occupy group. GET A JOB. Now due to Obama care my self paid health insurance is in jeapordy and due to my age my benefits have been cut and costs have increased starting with this year. If you want to protest, protest what is being forced on us by the socialist president we now have.

  13. Percy
    April 16, 2012 at 11:49 am

    Let’s not forget that after the wealthy invest their tax savings in offshore accounts and investments to maximize their profits and keep their tax rate lower than most middle class Americans, they apparently still have a gigantic pot of money that they use to create all those JOBS that the Bush tax cuts have created. Romney pays about half the tax rate most middle class Americans do. No medicare 69er?

  14. Anonymous
    April 16, 2012 at 11:49 am

    Tra will undoubtably delete this post . He hates the truth .

  15. tra
    April 16, 2012 at 12:01 pm

    Huh? I wasn’t aware that I had the power to delete posts!

  16. alley
    April 16, 2012 at 1:30 pm

    from HiFi:” “Tax system rigged for the rich” ?

    LOL. When the top 1% pay something like 36-38% of all income taxes paid and the bottom 50% pay only 3% an informed person cannot say it is rigged for the rich.

    When close to 48% of the people don’t even have to file tax returns you cannot say it is rigged for the rich.

    If anything you should say the opposite. It is rigged against the rich.”

    Sir, you and I are among the fortunate in this country. I make around $50,000, and I am more than happy to pay my fair share for all the things our society needs: roads, schools, cops, fire dept., etc, as well as helping those who are not fortunate enough to have the money to pay taxes. I really feel this way!

    I believe that just under 50% of our citizens pay any federal income tax at all. Why is that? It is simply because the other folks do not make enough money. Therefore we who are more fortunate help out by paying a bit more. What is so wrong with that?

    Nothing in this country is rigged against the rich. We are one nation.

  17. Anonymous
    April 16, 2012 at 4:34 pm

    I love it that the Repubs voted against the Buffet Rule in an election year. The latest poll shows it enjoyed over a 66% favoribility rating nationwide.

  18. Jack Sherman
    April 16, 2012 at 4:39 pm

    Here’s more excellent examples of unrelenting, shameless sophistry:

    High Finance says:
    April 16, 2012 at 10:16 am

    1) “Tax system rigged for the rich ? LOL”

    How many small businesses can afford to legally hide their profits in Bermuda?

    2) “When the top 1% pay something like 36-38% of all income taxes paid and the bottom 50% pay only 3% an informed person cannot say it is rigged for the rich.”

    An informed person understands that “all the income taxes paid” represent a fraction of profits that go unreported by multinationals, or that are legally hidden overseas.

    3) “When close to 48% of the people don’t even have to file tax returns you cannot say it is rigged for the rich. If anything you should say the opposite. It is rigged against the rich.”

    This old canard is almost comical.

    Half the U.S. is too poor to file because the largest U.S. corporations, financial institutions, and our government representatives have been supporting divestment in America’s infrastructure, education, jobs, and fundamental social services, for a generation!

  19. 69er
    April 16, 2012 at 5:03 pm

    Yes Percy, I do have Medicare, but it would be useless without the Medigap insurance I also pay for. If not for the medigap insurance the deductables would require me to cancel all of my meds and half of the wife’s. Don’t try to confuse the issue, I am simply pointing out the fact that there are people of what i consider a modest income that pay very little if any income tax. then there are those that pay none leaving others to foot the bill while the whiners have nothing better to do than protest how good they have it.

  20. What Now
    April 16, 2012 at 5:04 pm

    Excellent points, Mr. Sherman.
    Poor High and Delusional won’t benefit from having his statements obliterated by such annoying elements as “facts” but interrupting the echo chamber he and his like-mindless believers dwell in IS a valuable public service.

  21. Anonymous
    April 16, 2012 at 5:29 pm

    Tax the rich until we become prosperous too.
    Who knew it was so easy? Just sitting there waiting for that money to be ours.

  22. High Finance
    April 16, 2012 at 6:01 pm

    Jack Sherman and What Now never miss an opportunity to show off his ignorance and bias.


  23. Mitch
    April 16, 2012 at 6:06 pm

    America needs a SIMPLE tax system.

    There should be a flat head tax of $20,000 per year. Not the so-called “flat tax,” which is really just a standard percentage of income; an honest flat tax, where everyone pays exactly the same.

    Why should someone who is worth $10,000,000 per year have to pay $2,000,000, when someone who is only worth $20,000 per year gets away with paying $4,000? We all benefit equally from government.

    This is a democracy, or a republic, or something high-sounding like that. The cost of running the government should be shared equally. $20,000 per head ought to do it, if we eliminate everything but the military. Parents would pay their children’s taxes until the children get jobs. There’d be no need for gasoline taxes, so we’d all come out winners.

    Those who cannot afford $20,000 are clearly not people of value, so they should just be deported if they get behind.

  24. High Finance
    April 16, 2012 at 6:18 pm

    Actually the cost is closer to $6,000 per person right now Mitch.

    Or were you thinking of the cost after Obama’s second term is over ?

  25. April 16, 2012 at 6:33 pm

    ” great songwriter Randy Newman ” ………..seems your the only one that’s saying that . Sounds to me your selling past records of, Randy and you got some extra ones you can’t sell because nobody wants them .

  26. What Now
    April 16, 2012 at 6:56 pm

    Well, Jimmy, I’m not in any retail business but if you don’t like Newman’s music you can find Ry Cooder’s “No Banker left Behind”
    on youtube.
    Well worth buying the whole disc.too.

  27. HUUFC
    April 16, 2012 at 7:12 pm

    The obama Buffett rule would raise 4 to 5 billion per year. Not even a drop in the bucket on a $1.5 trillion defcit this year. Pure political grandstanding and class warfare.
    Democrats had the Presidency and both houses of Congress for two years. They did nothing but pass obamacare, another unfunded entitlement.

    Sorry state of affairs.

  28. Ponder z
    April 16, 2012 at 7:31 pm

    The social engineering by the left over the last 80 years is destroying our country. Look how much the Brother has raised our debt. In three years! Taxes are too high now and the government keeps growing and needs more money to operate (give to poor voters). We don’t need more taxes. We need the government to stop spending. Fix social security as off limits to congresses spending, Freeze government pensions (more social disaster). IF you assclowns think this is bad, see inflation on google. Inflation happens when you print MORE money. Thanks Bro.

  29. Dave Kirby
    April 16, 2012 at 7:51 pm

    Hi Fi …I’ll give you numbers. The top 1% control half the money in the country. The top 20 per cent have 95 % of it. The rest of us split 5% of it. It makes no difference that these folks pay 30% of taxes, The rich are cutting a fat hog in this country. And that old B.S. about these people being job creators has proven to be ridiculous. In fact its these folks who have shipped millions of jobs offshore.

  30. What Now
    April 16, 2012 at 8:09 pm

    Dve, good luck.
    Talking facts with Highly Delusional is like shaking hands when the other party is merely an empty glove.
    Disagree with him and your career, character, patriotism, intelligence, sobriety and the rest will all be questioned and slandered.
    When the tables are turned he invokes the mantle of abused and bullied victim.
    Sad, really, but he DOES serve as proof that evolution isn’t an equally shared and enjoyed process.

  31. Thorstein Veblen
    April 16, 2012 at 8:12 pm

    The 48% who make too little to pay any federal income taxes are all employed at WalMart.

  32. michael
    April 16, 2012 at 8:18 pm

    Most people spend any extra money they have as consumers, supporting the economy. The wealthy spend their extra funds as investments. If invested to grow the economy, great. In reality however it is spent loaning at interest to the government (in lieu of taxation) to provide services to employees who don’t get paid enough, profits for the military/technology/prison complex, speculative commodity gambles which raise the cost of living for everybody else and buying the government (oops I mean supporting candidates and lobbying).
    In general I think labor should not be taxed, rather the use of non-renewable resources (eg. mineral royalties, carbon taxes (using up the finite sink that is everyones atmosphere) and oil production severances) If Shell Oil had paid severance taxes to California (which gets none unlike those commies in Alaska and Texas) for the oil they pumped, we could finance the Bear Ridge project (for example) ourselves.
    Capital gains are not labor.
    A modest (1-2%) asset tax would be a good idea too. Any capitalist who isn’t making more than that on their assets is a failure, and the resources should be used by someone who can. Most non-rich people pay that anyway as property tax on the one asset they own (their home), even if the bank really owns most of it anyway.
    HUUFC is correct. The Democrats (Progressive Caucus aside) are part of the problem. Although (as much as I hate the private insurance mandate) health care reform benefits the economy. Anything that needs subsidies and is important should be publicly run, if not owned,,like most of the first world who have much better healthcare and outcomes. We rank just ahead of Cuba despite spending much more (relative to our economy as well as in absolute terms) of our income on it.

  33. High Finance
    April 16, 2012 at 8:21 pm

    More relevant than your figures Dave is the total income since we are talking about an income tax.

    The top 1% make about 19% of all income reported by the IRS and pay 38% of all income taxes.

    And while you may despise the super rich (sounds like hatred caused by envy) most didn’t get that way by robbing stagecoaches. They got that way by working a hell of a lot harder than most of us and making sacrifices that most of us weren’t willing to make.

  34. High Finance
    April 16, 2012 at 8:23 pm

    I’m sorry I hurt your feelings What Now.

    It’s just that you combine being stupid with being nasty and you just invite insults by your betters.

  35. What Now
    April 16, 2012 at 8:43 pm

    You flatter yourself thinking you have any impact on my feelings, “Fried.
    Further proof of your narcissism.
    It’s ore akin to the annoyance of stepping in dog shit when I’m wearing my best wingtips.
    It’s just that you’re inbred and a troglodyte.

  36. Jack Sherman
    April 16, 2012 at 8:46 pm

    High Finance says:
    April 16, 2012 at 6:01 pm

    “Jack Sherman and What Now never miss an opportunity to show off his ignorance and bias. Pathetic.”

    What’s pathetic, (besides his grammar), is that “High-Liar” only has satire to respond to the three simple points it took to prove him wrong.

  37. What Now
    April 16, 2012 at 8:51 pm

    Jack, we must remember, he considers himself one of “the betters”.
    No need for him to be concerned with bothersome issues such as facts, reality, and ethical straight jackets that prevent him from hoarding in a pathological fashion.

  38. High Finance
    April 16, 2012 at 9:03 pm

    Watching you two play off each other is a hoot.

    Reminds me of the movie “Dumb and Dumber”.

  39. What Now
    April 16, 2012 at 9:12 pm

    Appropriate, Highly Fried. You seem the type to thrive on low brow humor.
    Who helped you with the polysyllabic words? Your wife/1st cousin/pet snake?

  40. Jack Sherman
    April 17, 2012 at 12:34 am

    Someone really ought to be keeping track of “High-Sophist’s” lying buffoonery. My recent favorites are:

    “The city was still wise to pass on the (Jefferson School) purchase. They would not have been eligible for this grant.”


    “The Eureka Chamber of Commerce financial reports are open to the public.”


    As long as tax laws have been authored by the wealthy, they’ve favored the wealthy! And as long as half the eligible voters don’t even register, it’s not likely to change.

    High Liar’s M.O. betrays this troubled individual’s deep-well of ignorance and hate, a thin veneer covering his obvious intolerance and fear of inevitable social change….very sad indeed.

    Outing one of his many lies earns challengers a tiny menu of satirical puns and provocations that conclude most of his engagements with others. Having never once acknowledged his most glaring lies, he reappears in the next string, with the next lie, framed in equally reasonable-sounding sophistry to suck you in….for your usual punishment.

    Heraldo’s resident troll.

  41. April 17, 2012 at 6:26 am

    Another protest that will really accomplish nothing, which is why it is allowed.

  42. Mitch
    April 17, 2012 at 6:36 am



  43. High Finance
    April 17, 2012 at 7:33 am

    Obviously Jack was kicked out of the bars early last night and was pissed.

    Jack, an adult would realize that there is a difference between a lie and just being wrong. I was incorrect that the Chamber books are open to the public and that cities were not eligible for that grant. Not a lie Jack, just mistaken.

    But I am not mistaken when I say you are an angry, bitter old man with low self esteem issues.

  44. retired guy
    April 17, 2012 at 10:13 am

    HiFi-You referred earlier to a couple of individuals as “dumb and dumber”. Look in the mirror and view “dumbest”. Your ranting about the “lesser” lower life trolls just proves your ignorance and prejudice. Money doesn’t make one “better”. You’re proof of that. Enough said.

  45. High Finance
    April 17, 2012 at 11:29 am

    I wouldn’t expect you to say anything else Retired Guy.

  46. Anonymous
    April 17, 2012 at 12:45 pm

    Do you think you’d do better under Paul Ryan’s voucher plan 69er? Want to get rid of social security and medicare, both SOCIALIST programs?

  47. Jack Sherman
    April 17, 2012 at 3:52 pm

    Now that “Highly-Mistaken” has acknowledge that the Eureka Chamber of Commerce finances are not public, (LONG after his “mistake” was aggressively defended), how can anyone justify the millions in public subsidies they’ve received over the years that NO ONE can verify exactly how it was spent?

    Now that “Highly-Mistaken” has acknowledged that the City of Eureka could have qualified for the grant to buy Jefferson, after simply weaving his “mistake” out of thin-air, how do you reconcile the city’s astounding reversal of the previous council’s hard work for their community, delaying the project for years?

    “Adults” don’t run this far from acknowledging mere “mistakes”, cowardly, lying provocateurs do.

    “Highly-Mistaken” knows damn-well he’s making up his facts, his only citations are well-worn satire.

    ZERO credibility!

  48. walt
    April 17, 2012 at 3:52 pm

    Alley said “We are one nation.” It looks less like that every day: witness the murder of Trayvon Martin, assaults on gays and police surveillance of Muslims. Meanwhile, the 1% political leaders can’t remember how many houses they have. The rich members of congress of BOTH parties can’t stop fighting long enough to govern, and only 10% trust them. This is a nation at war with itself.

  49. Dave Kirby
    April 17, 2012 at 6:51 pm

    H.F…..All i’m saying is that the wealth distribution in this country is moving closer to the profile of a third world country. Marx said the middle class cannot be sustained in a capitalist society. Aint that the truth.

  50. High Finance
    April 17, 2012 at 10:09 pm

    Poor Jack, he just doesn’t get it. His mind is closed and doesn’t want to hear anything that conflicts with his prejudices and hate.

    Dave, you should try visiting a third world country once and you would realize what a silly comparison that is. While everybody here is better off than ever you are right in one sense. The distribution is becoming more skewed than before.

    But the difference isn’t between classes, between sexes or between races near as much anymore. It is between skilled and unskilled workers. In a global economy the third world countries are taking much more of the unskilled jobs away from us.

  51. Jack Sherman
    April 17, 2012 at 11:20 pm

    Sad High mistaken just doesn’t get it.

    No sooner does he finally acknowledge two of his hard-fought “mistakes”, he launches into a new batch of utter fantasy to make his case…less his challengers be accused of “hate”.


    “In a global economy the third world countries are taking much more of the unskilled jobs away from us.” (Highly Mistaken).

    Citation please.

  52. Thorstein Veblen
    April 17, 2012 at 11:47 pm

    I paid 25% this week, and I am pissed that Romney (who made
    $21Million +/- more than me) and Obama ($600K more than me) both paid a lesser %. One difference is that Romney thinks it is ok, maybe even the natural order of things, perhaps Gods will. And he wants to pay even less!!!!

    I understand the thinking, why piss our money away on black or latino or lazy white people who don’t deserve it. Even worse, gubmit uses our money to hire people to tell us we can’t do what we want to do or what makes us even more money.

    Still, fairness is kinda important. Ain’t it?

  53. walt
    April 18, 2012 at 5:43 am

    This from the Beeb:

    “Citigroup shareholders have voted against giving top executives a bigger pay deal in a rare show of investor discontent.
    The package, which had increased chief executive Vikram Pandit’s pay to $15m, was backed by just 45% of shareholders.”

    YOU try living on a piddly $15m/year. And paying (really PAYING) 15% or less.

    Damn socialist shareholders! Just because they got $45 billion in TARP bailouts. . .

  54. Mitch
    April 18, 2012 at 7:13 am

    Thorstein, walt,

    So what are your “next steps”? The problem seems to be the substantial minority of people who are easily and consistently swayed by propaganda, and the essentially unlimited fountain of propaganda that the wealthiest of the wealthy can afford.

    The question is, are we locked into the path the country has taken over the past thirty or forty years, under both D and R leaders, or is there any conceivable way to nonviolently change course?

  55. High Finance
    April 18, 2012 at 7:19 am

    You didn’t “pay 25%” Thorstein, that was your top rate not your overall rate.

    Compare apples to apples, not apples to oranges.

  56. Plain Jane
    April 18, 2012 at 7:45 am

    Did you notice, Walt, that the vote of majority shareholders is not binding? The BOD can do anything they want without shareholder agreement. These oligarchs have a sweet deal going, sitting on myriad boards serving each other multi-million dollar salaries as they suck the money out of the worker’s pockets.

  57. Pitchforkforjustice
    April 18, 2012 at 8:15 am

    At some point the guilty will be brought to justice………


  58. Mitch
    April 18, 2012 at 8:49 am

    Interesting link, Pitchforkforjustice.

    I think political power still ultimately rests on voter behavior. Money can alter voter behavior, of course, but the voters still get an opportunity to vote.

    As far as I can tell, there are only two questions that matter any longer with respect to our political system.

    First, “what percentage of intelligent and informed citizens bother to vote?” Second, “what percentage of voters can be successfully deluded into voting against their own interests?” The evidence is that the answers are first, “some,” and second, “most.”

    Unless something can radically change those answers, there is really no hope for nonviolent change for the better. Stupid and uninformed voters, and voters who are easily hoodwinked, even if only for a week, are the Achilles’ heel of any democracy.

  59. Thorstein Veblen
    April 18, 2012 at 11:31 am

    WAIT, my total tax includes self-employment taxes from schedule SE, so actual income tax works out to be 15%. It is 25% when the self-employment taxes are considered. Thanks for the clarification hifi.

    So Obama paid a higher rate than me. Still ticks me off that Romney made $21M more than me yet paid the same or slightly less.

    Mitch, If the free marketeers and capitalizm/religion complex keep us on this path we are on, things may get so bad that people will be forced to pay some attention. But I can’t see how real change will be anything but messy.

    One thing we can do is to pay attention to local, state and judiciary elections. If I were a conspiracy person, I’d conclude that there has been a coordinated, well-funded, relentless effort to pack these offices with corporate lackeys and religious zealots. Hence the stand ur ground, vaginal probe, anti labor, anti immigrant, pro corporate laws sprouting around the country. And the judges to rule that they are ok.

    Democrats and progressives are always focused on big stuff, like broad national agendas. But if we do enough little stuff, maybe it can add up.

  60. What Now
    April 18, 2012 at 11:42 am

    “One thing we can do is to pay attention to local, state and judiciary elections. If I were a conspiracy person, I’d conclude that there has been a coordinated, well-funded, relentless effort to pack these offices with corporate lackeys and religious zealots. Hence the stand ur ground, vaginal probe, anti labor, anti immigrant, pro corporate laws sprouting around the country. And the judges to rule that they are ok.”

    Mr. Veblen, it’s called “The Powell Memo” and it’s no secret conspiracy.
    It’s been out in the open and referenced by reich-wingers since the 70’s.
    Antonin Scalia has referred to it quite often in public in relation to his belief that the U.S. is in “a cultural war” and has used the term ‘”cultural war” from the bench.It’s one of his favorite fugues at Heritage Fiundation Gatherings.
    Early movements based on the memo’s suggestions include the astro turf book banning pushes in schools and libraries as well as the John Birch Society’s 1980 targeted congressional vote

  61. Thorstein Veblen
    April 18, 2012 at 11:58 am

    Dang, an actual conspiracy and not even secret. The well-funded part may be more recent, though.

  62. What Now
    April 18, 2012 at 12:24 pm

    Mr. Veblen, would that it were.
    You should be able to get a copy of “Trading With the Enemy” as well as “IBM and the Holocaust” at your library.
    The last 2-3 chapters of the second book cited should put to rest speculation about the origins and time frame of financing this abomination.
    Addtionally, “The $2 Trillion Dollar Meltdown” does a very good job of explaining the machinations of the privileged and is written by a life long republican economist who worked as an adviser to every republican president from Richard Nixon thru to “Dubyuh” and was often called on for advice by the Eisenhower-wing of the GOP, Bill Clinton & Co.

  63. High Finance
    April 18, 2012 at 5:04 pm

    And Thorstein, not that I believe you are interested in facts, but most of Romney & Buffet’s income come from dividends from their investments.

    Dividends that have already been taxed at 35% at the corporate level. Yes, it is true that Buffet lied to you. He & Romney did not pay 13% on their income but 48%. And that is before state and local taxes.

    But you knew that, so why keep up the lies ?

  64. High Finance
    April 18, 2012 at 5:07 pm

    Even now PJ is readying her usual post in response on how the doctors that pay her have also paid taxes on the money she earns.

    Not true. The doctors deducted her earnings from their tax returns. Her income is taxed only once and that is on her return.

    Romney & Buffets are taxed TWICE.

  65. walt
    April 18, 2012 at 5:30 pm

    “. . .things may get so bad that people will be forced to pay some attention. But I can’t see how real change will be anything but messy.”

    Only when a sizeable chunk of people start missing meals and have their cars and bigscreens reposessed will things start to change. . .and change fast. Minorities won’t need much more pushing.

    And Hi Fi, when Romney starts WRITING A CHECK for 48% of his GROSS INCOME (rather than having pre-deduction exposure of 48%), I’ll believe taxes on the rich are confiscatory. How much did he spend on “tax consultants” to make sure he pays little or nothing? How much did YOU write a check for? The CEO class has the shareholders pay around $50K to make sure Mr. Obama doesn’t get THEIR money.

  66. Anonymous
    April 18, 2012 at 5:54 pm


    If all those corporations are being taxed 35% on their profits, why is there a whole sector of the economy devoted to finding and utilizing corporate tax breaks? Why do some entire COUNTRIES float themselves on providing tax havens for “American” corporations?

    How much do the oil companies pay on their profits again?

    There are an awful lot of attorneys and tax advisors that are ripping off the poor corporations by claiming they can reduce their taxes, aren’t there! At a flat 35%, the corporations should only need to hire a temp clerk once a year to multiply their profits by 0.35 and write a check.

  67. Anonymous
    April 18, 2012 at 5:55 pm


    You’ve hit on the true reason for welfare. Now please explain their self-interest to the Republicans.

  68. Mitch
    April 18, 2012 at 5:56 pm

    554 and 555 were me.

  69. Thorstein Veblen
    April 18, 2012 at 6:12 pm

    I get it, all we have to do to have tax equality is for all of us to get our income from dividends!! Or better yet, lets all get our income from capital gains!!! We can mix and match too. Ok, people, lets get busy and get this done.

    Yeah, taxes on corporations are hard to justify, since they do not use any governmental services at all.

    For someone making $21M and paying less than 15% to complain about unfair taxation is kind of the pot calling the kettle black. I wonder who set up these tax rules and who benefits from them?

    And yes, insert pj response.

  70. April 18, 2012 at 6:42 pm

    Fix income inequality with $10 million loans for everyone!

    By Sheila Bair, Published: April 13

    “Are you concerned about growing income inequality in America? Are you resentful of all that wealth concentrated in the 1 percent? I’ve got the perfect solution, a modest proposal that involves just a small adjustment in the Federal Reserve’s easy monetary policy. Best of all, it will mean that none of us have to work for a living anymore.

    For several years now, the Fed has been making money available to the financial sector at near-zero interest rates. Big banks and hedge funds, among others, have taken this cheap money and invested it in securities with high yields. This type of profit-making, called the “carry trade,” has been enormously profitable for them.

    So why not let everyone participate?

    Under my plan, each American household could borrow $10 million from the Fed at zero interest. The more conservative among us can take that money and buy 10-year Treasury bonds. At the current 2 percent annual interest rate, we can pocket a nice $200,000 a year to live on. The more adventuresome can buy 10-year Greek debt at 21 percent, for an annual income of $2.1 million. Or if Greece is a little too risky for you, go with Portugal, at about 12 percent, or $1.2 million dollars a year. (No sense in getting greedy.)”

    there’s more:


  71. Michael
    April 19, 2012 at 1:52 am

    Regarding dividends being taxed “twice”. Corporations are persons. They get all sorts of benefits for that. Just like us, they can choose to give away their hard earned cash (and call it dividends, if they save it for a rainy day or for investing it is called retained earnings),
    Anybody who receives a gift of more than $10,000 from a close relative or $0 from anybody else has to pay tax on it (it is considered income). Yes, most real people ignore that one, but most people are not receiving very much that way anyway.
    Movie stars were POed when the IRS said they had to pay taxes on the shwag they got at the Oscars (added up to thousands of dollars).
    The “double taxation” meme is BS.
    PS Isn’t owning a person frowned on these days?

  72. High Finance
    April 19, 2012 at 7:25 am

    No Michael, gifts are not taxable to anybody receiving them. It is NOT considered income.

    The “shwag” was taxed because it was considered appearance compensation and not gifts.

  73. Mitch
    April 19, 2012 at 8:51 am

    The actual cost of the head tax (4/16 6:06) is easy to calculate. Just divide federal expenditures of $3.8 trillion by population of 310 million to get $12,250 per person.

    Parents would have to pay for their children, and we wouldn’t be able to pay down the war debts unless we raised the tax to, say, $15,000 per person. And there’d still be state and local taxes.

    The great thing about this true flat federal tax system is that billionaires will finally be treated fairly, paying no more than anyone else.

    I’m not sure how people who are incapable of work would be handled — I suppose their taxes would be handled like those due from children — tax would have to be paid by their relatives, or the relatives could be sent to debtor prison. So for a family with two non-working children (lazy!) and two non-working grandparents (lazy!), the tax bill would come to $73,500.

    But there’d be no need for any form but the 1040EZ, so everyone should be for this!

    There’d be one interesting effect for sure: the right wing would stop arguing that human life begins at conception, so they wouldn’t have to pay $9,000 in taxes for each fetus.

  74. TurdFerguson
    April 19, 2012 at 12:54 pm

    Here’s some economic reality porn for your viewing pleasure……


  75. michael
    April 19, 2012 at 8:16 pm

    My bad HiFi. According to Publication 950 there is a $1.7+ million (steadily raised from $6000 in 1976) exemption on the total amount of gifts greater than $13,000 per person (Less than that is not taxed) ($3000 in 1976 (committee on ways and means Jan 20, 2011)). It is not income, the giver pays it (like corporate tax). Since corporations can have “separate” subsidiaries to own assets there is room for more dodging of taxes. Of course limited corporate liability means a subsidiary can go belly up when needed. (for example, all the CUE IV etc. Security National subsidiaries)
    For large shareholders in large corporations, my logic, if not details, is still sound.
    The record shows the rigging of tax policy since the 70’s to place more of the burden on workers (Less paid by leeches means more paid by workers.).
    I assume you agree with my earlier (8:18) post….
    Have you ever researched and publicly corrected your many errors, or is that only for your non-“betters”.
    In general, our system is best described (not originally by me) as socialism for the wealthy, rigged markets for the poor.

  76. Anonymous
    April 20, 2012 at 12:03 am

    New figures released by the 2010 census show a full one-half of the U.S. population either living in poverty, or in serious risk of entering poverty.

    All those who’ve been blaming the victim, have some explaining to do.

  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s