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 Thursday, July 31, the 212th day of 2014. There are 153 days left in the year.

1864 -- 150 years ago: A corps of surgeons now occupies the new hospital quarters at the Garrison Hospital on the Rock Island Arsenal. A fence has been installed to enclose the prison hospital.
1889 -- 125 years ago: B. Winter has let a contract to Christ Schreiner for a two story brick building with a double store front on the south side of 3rd Avenue just west of 17th Street. The estimated cost was $4,500.
1914 -- 100 years ago: Germany sent simultaneous ultimatums to Russia and France, demanding that Russia suspend mobilization within 12 hours and demanding that France inform Germany within 18 hours. In the case of war between Germany and Russia, France would remain neutral.
1939 -- 75 years ago: Civil service offices at the post office and the Rock Island Arsenal were swamped as more than 700 youths sought 15 machinist apprenticeships at the Arsenal.
1964 -- 50 years ago: Last night, American Legion Post 246 in Moline figuratively handed over the trousers to a female ex-Marine and petticoat rule began. Olga Swanson, of Moline, was installed as the first woman commander of the post .
1989 -- 25 years ago: The Illinois Quad City Civic Center captured the excitement and interest of a convention of auditorium managers this weekend in Reno, Nev. Bill Adams, civic center authority chairman, said the 10,000-seat arena planned for downtown Moline has caught the eye of construction firms, suppliers, management teams and concession groups.








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