TAX FACTS AND FICTION
70% plus-- tax rate from 1936 to 1980 DOUBLE THE CURRENT RATE of 35% and as high as 94%.
Republicans claim that the tax rate is “high” is not supported by historical facts.
0- amount of federal income taxes paid by 10,080 households with $200,000 adjusted gross income in 2009.
0-amount of federal income taxes paid by 4.5 million S corporations, 2/3 of all American corporations. Bechtel with 44,000 employees and $31.4 billion in revenue in 2008 is an S corporation.
Thousands of individuals and S corporations have already reached the Republican goal of 0 income tax.
Billionaire Warren Buffet pays a federal tax rate of 17.4%.
Millionaire Mitt Romney pays a federal tax rate of 13.9%.
70% of America
Republicans say millionaires and billionaires like Romney and Buffet pay too much in taxes and propose a 20% ADDITONAL tax cut.
64% of all Americans believe millionaires should pay more taxes.
Write Senator Boozeman and Congressman Crawford and ask (1) why they will not vote to increase taxes on millionaires and billionaires when 70% of millionaires themselves believe they should pay more taxes, 64% of all Americans believe millionaires and billionaires should pay more taxes. The tax rate is half of what it was for over 40 years of prosperity. (2) Sixty million Americans just voted for President Obama who promised to raise taxes on millionaires and billionaires. (3) What is a fair percentage for Buffet to pay on the income from his $44 billion? (4) What is a fair percentage for Romney to pay on the income from his $250 million? (5) If all Senators since the income tax law was enacted in 1913 had signed a pledge and never raised the tax rate do you believe America would have had sufficient funds to wage and win World War 1 and 11 and (6) why did you sign a pledge to never raise taxes?
