Monday, April 21, 2014
(Continued from page 1)
Framed by a TV camera, John Jaques, executive director of the Baxter Academy for Technology and Science, listens at a news conference Jan. 2, when the school announced it’s accepting applications. A reader says Baxter Academy is duplicating other Portland high schools’ programming.
2013 File Photo/Gabe Souza
I'm certain that Mr. Goldberg, with his high level of intelligence, must understand that that only emphasizes the increase in the vast and continually growing gap between the rich and the poor of our nation.
He must understand that if the amount of money generated from taxes on the richest 5 percent of people in our country equals 40 percent of all our tax revenue -- even when the richest are paying a smaller percentage of their incomes to taxes -- that means all the rest of us are making so very little income that our tax share contributes fewer dollars overall.
Yes, there are many, many more of us in the lower income brackets, so even if we have to pay 40 percent of our income to taxes, it will still be less than the wealthy people's contribution to the tax pool at a rate of 13 or 14 percent, as a very wealthy Mitt Romney paid in 2010 and 2011 on his earnings of more than $42 million in those two combined years.
Yes, it's about time the wealthiest Americans got back to paying their fair share. And if Mr. Goldberg and others like him would listen to the majority of the Americans, you would know we agree on this point, which is one of the reasons why President Obama got re-elected.