Posted on April 11, 2012 |
Tired of fighting cuts to programs that women and their families depend on in the name of deficit reduction — while millionaires and billionaires haven't been asked to contribute an extra penny? Think it's time for millionaires and billionaires who pay lower tax rates than many middle-class Americans to start paying their fair share?
Take Action: Tell your Senators to support the Paying a Fair Share Act of 2012!
On April 16, we expect the Senate to vote on an important piece of legislation, the Paying a Fair Share Act of 2012 (S. 2230). The bill would ensure that those with incomes over $1 million annually pay at least 30 percent of their income in federal taxes. The legislation, introduced by Senator Sheldon Whitehouse, was inspired by billionaire investor Warren Buffett, who highlighted the unfairness of a tax system that permits him to pay a lower tax rate than his secretary.
It's time for this absurdity to stop. We can't afford to continue lavish tax breaks for the wealthiest Americans. To help demonstrate the real cost of tax breaks for millionaires, we've put together a new infographic:
That's right. This year, the average millionaire gets a tax break of $143,000 — enough to support child care assistance for 24 children, Pell Grants to 37 college students, or a home-delivered meal each day for 249 seniors.
This is a tradeoff we can't afford to make any longer. Please share our infographic today and urge your Senators to support the Paying a Fair Share Act of 2012!
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Comments
How is it fair?
I am a school teacher, loyal, hard working, giving my 100% to many children socially, academically, morally. A loyal job that gives to the society. I am highly educated and provide a high education to the public. I pay my taxes, all of it, and after paying taxes and expenses, I am left with zero, and that's half way through my pay cycle.
Why shouldn't a millionaire and a billionaire, that more likely doesn't contribute as I do, pays less? Why?. If they are taking in more, then they should pay even a higher rate, than I do, not a lower rate. Give their extra money to those that actually need it, and not merely want to collect it for their self-esteem.
Give to systems of the government so everyone in the same society can grow. Billionaires probably have OUR SHARE.... Let's redistribute the money...Let's be fair.
How is it fair?
I am a school teacher, loyal, hard working, giving my 100% to many children socially, academically, morally. A loyal job that gives to the society. I am highly educated and provide a high education to the public. I pay my taxes, all of it, and after paying taxes and expenses, I am left with zero, and that's half way through my pay cycle.
Why shouldn't a millionaire and a billionaire, that more likely doesn't contribute as I do, pays less? Why?. If they are taking in more, then they should pay even a higher rate, than I do, not a lower rate. Give their extra money to those that actually need it, and not merely want to collect it for their self-esteem.
Give to systems of the government so everyone in the same society can grow. Billionaires probably have OUR SHARE.... Let's redistribute the money...Let's be fair.
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