Dennis Kucinich With Alyona: Tax Reform Needed

Alyona Minkovski with Dennis Kucinich - April 18, 2011

Video - Text from Youtube - The IRS released data that tracked the tax returns of the 400 highest gross incomes.  In '95, the richest 400 Americans paid on average, about 30% of their income in federal taxes and their combined wealth was just over 6 billion dollars in '95, and by 2007 it was almost 23 billion.  Thanks to the loopholes and breaks within our system, 45% of US households will pay no federal income tax this year.  How do we fix this clearly broken system?  U.S. Congressman Dennis Kucinich of Ohio weighs in.

Comments

[DailyBail]

Got an iPhone or 3G iPad? Apple is recording your moves

A hidden file in iOS 4 is regularly recording the position of devices.

http://radar.oreilly.com/2011/04/apple-location-tracking.html

[DailyBail]

Battered Soldiers, Broken Plan: Afghanistan in Video and Photos

http://www.wired.com/dangerroom/2011/04/battered-soldiers/

[DailyBail]

ROGER EBERT'S JOURNAL

The One-Percenters

http://blogs.suntimes.com/ebert/2011/04/the_one-percenters.html#more

[SPECTRE of Deflation]

When they talk about a millionaires tax, they are really talking about a couple making over $250,000 per year. We don't live in reality, but rather a surreal rabbit's hole where facts are whatever TPTB say they are. This CONgressman knows very well that you could tax Americans at 100% as well as corporations, and you still wouldn't touch our deficits. We paid out $2.3 Trillion and took in $2.2 Trillion, so we are now totally screwed, and this little gnome is as delusional as the rest of the thieves of DC.

[DailyBail]

i don't disagree with your overall point, but we do need massive tax reform...flatter taxes with fewer deductions...

[Oberon4life]

It's neat to hear someone in Congress talk about balancing the budget, but please...

More of the same crap from the democrats. "Oh, the rich keep getting richer and I care about the rest of you." Bullshit. You are a liar. Period. You are the rich that keeps getting richer, taking money from some and giving it to others. You and all your lying bastard friends. As long as you can move money, or like Ron Paul says, "steal it" from some to others, you can skim and get rich yourself.

Look below at a few, real numbers;



It turns out that nearly half of all Americans don't have to pay any federal income tax. In 2009, 47 percent of all filers paid nothing. It's a number that's gone up significantly in just a couple of years. Robert Siegel talks to Roberton Williams, who's been crunching the numbers at the Tax Policy Institute in Washington. According to Williams, millions escape filing because their incomes are too low or they're eligible for deductions, credits and exemptions. Source, NPR. Do you think they cater to the rich?

Seriously, we keep hearing about the top 400 income earners, or the top 1% or 3%. What about the other 44+%.

And there is more;

The top 1 percent of taxpayers paid 33.7 percent of all individual income taxes in 2002. This group of taxpayers has paid more than 30 percent of individual income taxes since 1995. Moreover, since 1990 this group’s tax share has grown faster than their income share.
Taxpayers who rank in the top 50 percent of taxpayers by income pay virtually all individual income taxes. In all years since 1990, taxpayers in this group have paid over 94 percent of all individual income taxes. In 2000, 2001, and 2002, this group paid over 96 percent of the total. Source: U.S. Treasury, Office of Tax Analysis


Focusing the debate on taxing the "rich" is the simplest way to avoid the argument altogether. This is not the issue, the issue is spending. The issue is moving money so the political party can get rich. The issue is (almost, re: Ron Paul) none of the single political party wants change.

[Al]

No way! It's a good thing we have bright bulbs like this in Congress, we would never have figured this one out.

[Howard T. Lewis III]

Turn on the TV and wait for your turn in the operatory at the NWO=OWO clinic. Soon, you won't be able to tell if you are fighting tyranny or watching Whoopie on The View.