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Reader says this Council instead on focusing on running this town engage in petty bickering, retaliation and furthering their own personal agendas

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Reader says this Council instead on focusing on running this town engage in petty bickering, retaliation and furthering their own personal agendas

Yes the departments are all understaffed and our taxes are still obscenely high. You are correct about our current Council – they are all pushing their own pet projects without at all acknowledging that at some point taxes alone will crush the value of our homes. Who will ever buy your house if the taxes are $40,000 a year?

Mrs. Hauck wants to double the size of Valley but clearly has not considered the impact of a facility that size on the town’s neighborhoods and infrastructure. Valley pays no taxes yet their drain on Village resources will also double with this project. You think departments are understaffed now?

And how about Mr. Pucciarelli and building up the CBD? Has anyone done any math on the impact on our tax base? I’ll tell you right now they would be shouting it at every meeting if ONE PERSON thought that building apartments in town would make our taxes go down. Instead they choose to tell us that traffic will improve and only 4 new kids will enter the school system.

I’m shocked at how out to lunch this Council is in the face of such a crisis. Look at this weekend alone – Super Bowl parties at the bank and a big skating party at Graydon. Then on to having lunch with the elderly, and banning smoking outside. Maybe they should Google Stockton, CA for a glimpse into our future when they have a minute.

Oh yea, and don’t forget to put your garbage out on the curb tonight….

wine.com

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Examiner Editorial: If top 5% paid 40% of taxes, what is their ‘fair’ share?

Examiner Editorial: If top 5% paid 40% of taxes, what is their ‘fair’ share?
November 22, 2012 | 8:00 pm

Riding a wave of confidence after his re-election victory, President Obama is eager to collect scalps from the class war he appears to have won. Americans, Obama said in his postelection news conference earlier this month, “want to make sure that middle-class folks aren’t bearing the entire burden and sacrifice when it comes to some of these big challenges. They expect that folks at the top are doing their fair share as well.” House Minority Leader Nancy Pelosi, D-Calif., echoed this point in a fundraising pitch sent out on Monday: “Voters sent a clear message to Republicans in the election: we must stand up for the middle class and ensure the wealthy pay their fair share.”

Although Obama and his fellow Democrats repeatedly call on wealthier Americans to pay their “fair share,” they never specify what percentage of the nation’s tax burden the wealthy would have to bear. As matters stand, the top 1 percent of American households paid 39 percent of income taxes in 2009, according to the most recent data compiled by the Congressional Budget Office, and the top 5 percent of taxpayers paid 64 percent.

But income taxes, taken in isolation, do not tell the whole story, because lower-income Americans do pay payroll taxes. But even taking into account all forms of taxation, the top 1 percent still paid 22 percent of federal taxes while earning just 13.4 percent of household income. The top 5 percent paid 40 percent of all federal taxes, despite earning only 26 percent of all income. No matter how you slice the numbers, it’s hard to understand why anyone would think the wealthy aren’t already shouldering a burden commensurate with their blessings.

http://washingtonexaminer.com/examiner-editorial-if-top-5-paid-40-of-taxes-what-is-their-fair-share/article/2513985#.ULIJXuTLQxE