Page 90 - Working Poor News Today

Country. it would also mean the biggest tax increase on the working poor who currently pay no federal income tax. they would now pay 18% in federal taxes. % 9% in income taxes and 9% on every dollar they spend which of course is every dollar they earn. herman cain is fond of pointing out the working poor are paying 15% of taxes to the federal government. whats more with having them pay 3% more? the trouble is, of course, they are not paying 15% in payroll taxes. they are paying half that. their ...

State that would ever be subject to this kind of tax. and i just really want to stress for the audience, its a tax that only hits the second million dollars you make. it doesnt touch the first million dollars you make. its the most progressive tax proposal ive seen the senate vote on. >> well, let me say this about the people of my state and of course there are exceptions to everything that a person strives to generalize. but ive traveled up and down that state, every nook and cranny, from the p...

Subject to this kind of tax. and i just really want to stress for the audience, its a tax that only hits the second million dollars you make. it doesnt touch the first million dollars you make. its the most progressive tax proposal ive seen the senate vote on. >> well, let me say this about the people of my state and of course there are exceptions to everything that a person strives to generalize. but ive traveled up and down that state, every nook and cranny, from the poorest to the wealthiest,...

Republican side who have very, very few tax filers in their state that would ever be subject to this kind of tax. and i just really want to stress for the audience, its a tax that only hits the second million dollars you make. it doesnt touch the first million dollars you make. its the most progressive tax proposal ive seen the senate vote on. >> well, let me say this about the people of my state and of course there are exceptions to everything that a person strives to generalize. but ive travel...

Every single thing that they purchased, which -- and they use all of their income every year to purchase it. so it would be the most dramatic increase on the working poor in this country in taxation that we have ever seen. how could you justify that? >> well, first of all, your calculations are incorrect. remember, if theyre working and theyre drawing a paycheck, they are paying 15.3% off the top of their income. so relative to their income, theyre going to go from 15% down to 9%. theyre going t...

Taxation. 9% of their income they would pay and then theyd pay 9% on every single thing that they purchased, which -- and they use all of their income every year to purchase it. so it would be the most dramatic increase on the working poor in this country in taxation that we have ever seen. how could you justify that? >> well, first of all, your calculations are incorrect. remember, if theyre working and theyre drawing a paycheck, they are paying 15.3% off the top of their income. so relative to...

Pay and then theyd pay 9% on every single thing that they purchased, which -- and they use all of their income every year to purchase it. so it would be the most dramatic increase on the working poor in this country in taxation that we have ever seen. how could you justify that? >> well, first of all, your calculations are incorrect. remember, if theyre working and theyre drawing a paycheck, they are paying 15.3% off the top of their income. so relative to their income, theyre going to go from 1...

dozens of shots fired as people scrambled for cover. >> they started shooting at us and the bullet went between me and my friend tony. we could hear the bullets bouncing off the concrete behind us. >> it started when the suspect described as a 51-year-old maple valley man stopped his car in traffic and started confronting people with an assault rifle. eventually opening fire. >> when we were about alongside the elementary school, we got shot at nine times. >> police swarmed the city cr...

dozens of shots fired as people scrambled for cover. >> they started shooting at us and the bullet went between me and my friend tony. we could hear the bullets bouncing off the concrete behind us. >> it started when the suspect described as a 51-year-old maple valley man stopped his car in traffic and started confronting people with an assault rifle. eventually opening fire. >> when we were about alongside the elementary school, we got shot at nine times. >> police swarmed the city cr...

michael e. knight is the name. he will be here with me to talk about the end of an era, all my childrens last episode on the air was yesterday. from the "cnn headline news" center in atlanta georgia, this is your "cnn saturday morning," 7:00 a.m. in laengz. wherever you are, glad you are right here. and if you are still here with us, that means you werent hit up side the head by debris from that falling satellite. it came crashing back to earth. look at these dramatic pictures of it co...