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, April 24, the 114th day of 2014. There are 251 days left in the year.

1864 -- 150 years ago: We learn that it is a contemplation to start a paper mill in Rock Island during the summer by a gentleman from the East.
1889 -- 125 years ago: The gates of Oklahoma were swung open at noon today, and a throng of more than 30,000 settlers started over its soil.
1914 -- 100 years ago: The Iowa Coliseum Co. was incorporated with $40,000 capital and planned a building on 4th Street between Warren and Green streets in Davenport.
1939 -- 75 years ago: Plans are being discussed for resurfacing the streets in the entire downtown district of Rock Island.
1964 -- 50 years ago: Some 45 jobs will be created at J.I. Case Co.'s Rock Island plant in a expansion of operations announced yesterday afternoon at the firm's headquarters in Racine, Wis.
1989 -- 25 years ago: Gardeners and farmers cheered, but not all Quad-Citians found joy Saturday as more than an inch of rain fell on the area. Motorists faced dangerous, rain-slick roads as the water activated grease and grime that had built up during dry weather.








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