H.R.1124 - Fairness in Taxation Act of 2011

To amend the Internal Revenue Code of 1986 to impose increased rates of tax with respect to taxpayers with more than $1,000,000 taxable income, and for other purposes. view all titles (2)

All Bill Titles

  • Official: To amend the Internal Revenue Code of 1986 to impose increased rates of tax with respect to taxpayers with more than $1,000,000 taxable income, and for other purposes. as introduced.
  • Short: Fairness in Taxation Act of 2011 as introduced.

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  • SignOfTheDollar 05/12/2011 3:20pm

    The fact that this nation now defines the punishment of achievement as “fairness” is one of the leading causes of our impending collapse. In addition, it is the main reason I have chosen to take my productive capacity offline for the foreseeable future. Read Atlas Shrugged!

  • nancym 06/07/2011 4:47pm

    I hardly think the hedge fund managers would be “punished” by this legislation—long overdue. Give me a break!

  • nancym 06/07/2011 5:14pm

    Pretty good summary and critique of this bill here:

    The People’s Budget: Cutting the Deficit the Progressive Way

  • JohanDeKing 06/09/2011 4:16am

    go look at this page U.S. Federal Individual Income Tax Rates History, 1913-2011
    and read it carefully

    because under this bill the Federal Individual Income Tax Rate would still be lower than what Ronald Reagen had it at from 1982-1986. Before he cratered it in’87, and even more in ‘88-’89. and continued on for the first full year of bush Sr.

    This bill even get rid of the 10% for under $12,150-$17,000 part of the tax code. also it raises the min. you have to earn from 17,000 at 15% to 34,500 at 15%. Reagen’s tax code for those who made $34.5K paid 28% in taxes(or around$9.7K) . You even paid 11% at just $2-$5K during Ronnie’s Presidency.

    so the next time you say or type punishment of achievement think of what you just said.

    Because if I were to be in those tax brackets. even for the millions and billions. I WOULD, I WOULD BE WILLING TO PAY THOSE TAXES AS AN AMERICAN.

  • nancym 06/09/2011 9:33am

    @JohanDeKing

    Absolutely! That seems to be what’s missing in many of these conversations about taxes—a sense of gratitude and appreciation for the opportunities that this country, especially this country, provided to those who wanted to “make it.”

    When I was making a decent professional salary (seems like centuries ago now), I never once got upset about my taxes, knowing I was contributing to the general welfare of the society I was living in and the services it provided. In this current tax AND legal environment, those who have more also have more privileges, influence, and opportunity than they ever had in the last 100 years (except for possibly the Gilded Age), and yet they literally WHINE about having their toys taken away. That decline in opportunity for those in the lower brackets (that includes all of the middle class) has been shockingly documented.

    Anyone who reads Any Rand, I say, grow up! That’s the literature of spoiled frat boys who haven’t figured that out yet.

  • zappy 06/17/2011 7:27pm

    The fact that a “conservative-minded” segment of this nation now defines punishment as a tax increase of 4% on income above $1,000,000 is one of the leading causes of our impending collapse.

    SignoftheDollar screenname + DT on Me avatar + Atlas Shrugged = “pop” culture politics = not credible.

  • nancym 06/18/2011 1:47pm

    @zappy

    Ha-ha! Good observation. Pretty ironic, eh? Maybe I’ll adopt that DT avatar myself, more appropriate to tell the plutocracy “Don’t Tread on Me!” instead of the other way around.

  • rayray84 07/14/2011 12:54pm

    Its people like you who will bring this country to collapse. Wake up!!!!!

  • rayray84 07/14/2011 12:56pm

    It people like you who will be responsible for the collapse of this country. Greed will be the end of US!!! Wake up!!!!!

  • rayray84 07/14/2011 8:42pm

    Paying your fair share of taxes is not punishment. Anyone who makes a million, or even worse a billion and refuses to pay more than someone who makes 379,000 are too greedy and will be behind the collapse of this country.

    Wake up to reality and what is right.

  • ENOCH53 07/21/2011 7:14am

    It makes perfect sense that a state running in the red would send someone to Washington who believes this will result in more money for the government to play Santa Claus with the voters. Obama Rhama and the thugs of Chicago are on the move again! Where is Elliot Ness when you need him? I see the Simpsons are behind this bill???

  • HIPSTER 07/21/2011 8:43am

    THIS IS ABSURD, SO WE CAN BAIL OUT SOME OTHER COUNTRY AGAIN, THIS COUNTRY IS GOING DOWN HILL FAST AND THERE ISN’T ANY ONE ON EITHER SIDE OF THE HOUSE OR SENATE DOING ANYTHING ABOUT IT. ARE ALL POLITICIANS THIS CROOKED. COME ON

  • lessgov101 07/21/2011 7:14pm

    I think that if gov. wants fairness in taxes… A flat % across the board would
    be better. Have everyone pay the same % on earnings, so no one has an advantage.

  • chrisb128 08/02/2011 5:31pm

    It doesn’t work that way. Anyone making over $1M annually already has a very clear advantage… A progressive tax code actually levels the playing field, giving the people in the lower income brackets more opportunity to invest and grow.

  • Strongman332 08/10/2011 5:00am

    we have computers why bother with tax brackets.make the tax percentage directly proportion to yearly income as you make more money your taxes linearly increase.

  • noplutocracy 08/12/2011 6:18pm

    Achievement on the backs of the less fortunate and by deception needs to really be punished by imprisonment. The least the “achievers” could do is help pay for the assistance and the incarceration they have avoided and transfered to others. They should pay more than those of us that they have used for their “achievement” with their feet on our throats!! Ayn Rand was delusional much like you!


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