Should the Wealthy Pay More Taxes?

Our president, later last year, unveiled a new method that he believes will help to increase the revenue to the treasury. The tax plan, designed to tax the wealthy to a greater extent than anyone elseĀ  is vaunted by some as being the answer to the prayers of the Treasury Dept., while being denigrated by others as being little more than class warfare promoted by the government.

The core component of the plan and the hype that the government has created to promote it is the ideology that the revenues and the taxation should be given–(a quote from an old … Read more at 2009 Tax.

What You Need To Know About Taxes And The Budget Proposals That Might Swing The Vote This Year

A Comparison of Budgets Proposed by Mitt Romney and President Obama

Many people like playing around with budget estimates. This is mainly because budgets force people to set priorities and run the numbers. The annual federal budget is the only time the government is ever sincere with taxpayers.

About 40 percent of government spending goes to Social Security, Medicaid and Medicare. Military spending accounted for 23.8 percent of government spending. Generally, nearly two thirds of 2012 taxes went to an insurance conglomerate and boots on the ground at home and overseas.

The President’s proposed 2013 budget carries similar figures as … Read more at 2009 Tax.