Letter: Nothing fair about rich paying millions more in taxes


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Posted Online: Dec. 11, 2012, 1:43 pm
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It isIf a person pays $1 million in taxes in a lifetime, they have more than paid "their fair share." If a person pays a million dollars in taxes in a year, regardless of what percent it is of their income, this should be rewarded. If two people go to a movie, they both pay the same amount. They both pay "their fair share."

If the leaders continue to insist on charging the rich more, then the rich will leave this country. They will put their money into some other economy and we will continue to loose jobs and status because of it.

There is over $2 trillion in American corporate money sheltered overseas that could be brought back to the U.S. by offering to tax it at 10 percent. That is an instant $200 billion for the government to waste.

It is immoral and un-American to steal money from those who work and give it to those who do not. Reach into your own pocket and not someone else's.

K. Ross Newland,
Milan



















 



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  Today is Wednesday, Oct. 1, the 274th day of 2014. There are 91 days left in the year.

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1889 -- 125 years ago: Harvey McKenna, of Detroit, billiard player matched to play Wizard Schafer in New York in January for the world championship, was a professional friend and manager, Billy Catton in Rock Island.
1914 -- 100 years ago: Levi Cralle, former Rock Island county sheriff, had come from his farm near Mitchell, S.D. to visit friends in the city.
1939 -- 75 years ago: Work is being rushed on the new high school building in Orion to replace the one destroyed by fire last winter. Classes are being held in churches.
1964 -- 50 years ago: Rehearsals for the 84th season of the Handel Oratorio Society chorus will begin at 7:30 p.m. Monday on the stage of Centennial Hall, Augustana College.
1989 -- 25 years ago: The Rock Island City Council's plan announced this week to have the federal government vacate Valley Homes public housing and move residents to Arsenal Courts to reduce density may not be feasible.






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