I did some math after looking at this informational photo:
-25% of $21,600,000=$5,400,000
-13.9% of $21,600,000=$3,002,400
==>Mitt’s total tax dodging savings=$2,397,600
-25% of $40,000=$10,000
-13.9% of $$40,000=$5,560
==>if teachers paid taxes like Mitt their total tax savings=$4,440
I believe that Americans OTHER than the Koch’s, the Walton’s, and the Romney’s would like to see the disparity flipped, tax the wealthy a 25% tax rate like the teacher and tax the teacher 13.9%. There is a tiny but powerful fraction of people who have a greed driven interest in keeping the taxes low on the very rich: Under Romney’s 1st proposed tax plan each of the Koch Brothers alone would net at least $8.7 billion from just one part of the plan, the more recently proposed plan gives an additional tax cut to the wealthiest Americans while the poorest 20% will suffer a tax increase. And Mitt is the Rep front runner. Dem’s, anything?
Oh yeah, Dem’s like SuperPac money too, duh!
What if we taxed teachers (and other non-billionaires) the same as Mitt-13.9%, and taxed the 1% like teachers-25%?.
-The answer is that there would be a lot more tax revenues to pay for things like equal opportunity for quality education for everyone living in America, no matter what your zip code, immigration status, or ability to pay for private school:
“Ever wonder why private schools have Grandparents Day and public schools don’t?”
“The most obvious discrepancy between public and private schools comes down to cold, hard cash.”
What if we taxed teachers the same rate as Mitt and taxed ‘the 1%’ like teachers?.
-The answer is that there would be a lot more tax revenues to pay for things like equal access to quality healthcare no matter your job/insurance/bank account status.
All the other countries in this graphic have universal government funded healthcare. The photo has pertinent info about healthcare outcomes, but it also speaks to access; in France, Canada, Switzerland, and Germany everyone has access because healthcare is universal.
What if we taxed teachers the same rate as Mitt and taxed ‘the 1%’ like teachers?
-The answer is we would have $2,397,600 more dollars from Mitt Romney and he is just ONE mega-rich person who doesn’t even come close to making it on the Fortune 400.
How much money would be available year after year if the Koch’s, Walton’s, and other billionaires were taxed like the teacher in the photo? Or better yet, according to the ‘Buffet Rule’? (Under the Buffet Rule anyone making more than $1million/year would be taxed at a 30% tax rate.)
Six members of the Walton family have as much money as the entire bottom 30% of Americans combined, or in other words, 6 people have more money than 90,000,000 people.
(90,000,000 is 30% of 300,000,000. The total population of America is slightly over 300 million people, so I rounded down to 300 million for simplicity)
“Collectively the Waltons….are worth a combined total of $102.7 billion (as of 2012). They are robbing the American people of the billions of dollars they’ve escaped paying in taxes over the years that’s helped them buy** (not earn) their wealth. “…only 1.6% of all Americans receives an inheritance larger than $100,000. If this this is the case, why in the world do politicians worry so much about the tax impact of this?”
I believe the Romney’s, the Koch’s, the Walton’s, and all their friends in the elite and ultra-exclusive 1% club have the answer for that important question:
Their ‘good ole boys club’ (see photo just below for some club members) believes in and actively perpetuates what is “good for the few at the expense of the many”
Right now the hype is that the mega-wealthy need and deserve lower taxes because they are ‘job creators’. I would not believe the hype.
What the mega-wealthy need is an uneducated class of poor working people with no hope or opportunity, no mobility away from poverty, so they can continue their capitalist reign that depends on slavery of some sort to survive. Modern day slavery is not happening on the plantations, it’s happening every time a person is forced to take a minimum wage (or less) job because they lack proper education/opportunity to achieve anything better.
What happens with a minimum wage job is that the worker generates wealth, much more wealth than is needed to pay their wages, so already a disparity has been created. The minimum wage worker is working to not even be able to afford a two bedroom apt anywhere in this country working a 40hr work week while her/his employer is getting richer and richer off the difference between wealth generated by the worker and wage paid to the worker, i.e. ‘wage slavery’:
“Wage slavery refers to a situation of quasi-voluntary slavery where a person’s livelihood depends on wages, especially when the dependence is total and immediate. It is a negatively connoted term used to draw an analogy between slavery and wage labor, and to highlight similarities between owning and employing a person.”
“19th century female workers in Lowell, Massachusetts arguably were the first inspiration for the wider labor movement to use the term “wage slave””
I would imagine this is difficult for some to hear, not many like to think of themselves as slaves, but most Americans are slaves to their jobs in one way or another, if it’s not for the paycheck to pay inflated prices on everything from milk to rent, then it’s for the healthcare that is only affordable/available through adequate employment. Think about your own situation:
-How many times have you gone to work sick because you didn’t have any sick time and couldn’t afford to miss work?
-How many times have you made a healthcare decision based on finances 1st and what was actually medically indicated 2nd?
It’s pretty easy to think up instances where we’ve all gone to work sick or sent our kids to school sick because we could not afford to miss work to take an unpaid sick day; examples of finances guiding a health/medical decision may not be as obvious because we make them all the time everyday in small or large ways:
-housing, the only affordable place to live is also heavily polluted (by a corporation(s))
-housing, the only affordable place to live is also very unsafe
-food, not buying organic or healthy foods b/c ‘junk food’ is more affordable
-food, not buying food at all b/c shelter or electricity took precedence
-work, choosing to work full-time instead of part-time in order to be insured
-work, choosing not to retire due to medical or housing costs
-work, moms&dads returning to work too soon after the birth of their children
-work, going to work when we are injured/in pain/sick
-healthcare, not employing alternative therapies such as acupuncture/chiropractic care
-healthcare, not going to the dentist regularly because of lack of dental insurance
-healthcare, not getting routine health screening exams like mammograms and colonoscopies
-healthcare, not getting that little nagging pain checked out till it becomes raging pain
-healthcare, choosing between paying for your prescriptions or paying rent
-healthcare, not getting your eyes checked when you are having trouble seeing while driving at night
-healthcare, choosing not to have a baby because it is so expensive without insurance out of pocket
-healthcare, or choosing to take the risk of having your baby at home because of lack of insurance and the astronomical cost of delivering a baby in the hospital.
The above list is not at all comprehensive, but covers enough to illustrate my point that Americans make decisions everyday related to their finances vs their health.
Do you think the CEO of Cigna is forced to make these same decisions or can even begin to comprehend what it’s like to be denied access to necessary medical care?
The CEO of Cigna made $19 million or $52,054/day in 2011, I am fairly certain he did not make that money providing compassionate healthcare to his subscribers. According to Health & Human Services Secretary Kathleen Seblius, “we pay 2 1/2 times what anybody else pays in the world and our care outcomes are like we’re in a developing country.”
Six members of the Walton family have as much money as the entire bottom 30% of Americans combined. They use this massive wealth to lobby for lower taxes, hence why the rest of our taxes are so high, 6 people have the same amount of money as 90,000,000 BUT THEY DON’T WANT TO PAY TAXES, I guess because they are special?
What I am getting at here with the Cigna CEO and the Wal-Mart Waltons is that the income and wealth disparity in America is completely manufactured by them and necessary to keep a class of people who have systematically been denied access to basic things like quality education and healthcare that could be provided for everyone living in America if we just taxed the mega-rich the same as a teacher.
One time a friend treated me to a fancy expensive dinner, she was clearly a bit shocked when the bill came, she asked me “is there a certain point when the bill is so expensive that you don’t have to pay 15% tip anymore?”. I think that many super rich people think they no longer deserve to pay a 25% tax rate for the same reason my friend didn’t want to pay 15% tip on our large dinner bill: it’s a lot of money and they are greedy. Mitt can afford to pay 25% of his income in taxes and my friend could afford to pay 15% of our dinner bill in tip, they just don’t want to share the wealth, plain and simple. Mitt would still be very wealthy if he paid taxes equal to the teacher’s tax rate, even with a 25% tax rate he still makes $16,200,000 in one year.
What I am getting at is that rich people can still exist as far as I am concerned, but they are certainly neither more special nor more deserving than a teacher when it comes to a tax break. It is actually quite insane and cruel for our tax legislators to think that a teacher could live with any kind of deserved dignity on only 75% of a $40,000/year paycheck, therefore I propose that all teachers get Mitt’s 13.9% tax rate and all ’1%-ers’ are mandated to pay a minimum 25% income tax rate, they are encouraged to pay more, we all know they can afford to!
What can be done in the face of such greed to convince the Romney’s, Koch’s, and Walton’s to pay 25% (or more)?
==>the next 6 things will be my answer:
1) one more bit of math:
-approx. population of the United States=300,000,000
-99% of 300,000,000=297,000,000
-1% of 300,000,000=3,000,000.
-297,000,000 vs 3,000,000
-to make the numbers relatable because most of us do not deal in millions, remove the 6 zeros leaving: 297 vs 3.
3) **Ending corporations/mega-rich individuals sponsoring politics as usual:
4) Letting love & compassion rule:
5) Realizing that:
7) We should collectively demand: