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Topic: The Impact of the Bush Tax Cuts being Terminated
Fanta46's photo
Wed 04/16/08 08:32 PM


Why must I continually point out to the liberal socialists that the richest 1% of this country pays a total of 37% of the total income tax, the riches 5% of this country pay a total of 52% of the total income tax, the lower 50% of the tax payers in this country pay a total of 3% of the total income tax. If you pay no taxes to begin with you can't get a tax reduction.

As for service jobs, I believe mechanics, plumbers and electricians etc are considered service jobs. Next time you need a plumber by the time he is done you will wish he was getting minimum wage laugh laugh laugh

The economy is a bit shaky right now if you want to put it in the toilet raise taxes.

Further, what makes anyone think that any company pays taxes, they do sent a check to the IRS, but the cost of those taxes are passed through to the consummer. Any tax increase ultimately comes out of your pocket twice, once when they tax you and the second time when you pay the taxes that business passes through to the consummer. Even if your IQ is only equal to golf par you should be able to figure that one out. laugh laugh


Where are you getting those figures?

They are deceiving.

According the New York Times, 'families earning more than $1 million a year saw their federal tax rates drop more sharply than any group in the country as a result of President Bush’s tax cuts'.

A '[study] by the nonpartisan Congressional Budget Office, also shows that tax rates for middle-income earners edged up in 2004, the most recent year for which data was available, while rates for people at the very top continued to decline.'

'Economists and tax analysts have long known that the biggest dollar value of Mr. Bush’s tax cuts goes to people at the very top income levels. One reason is that two of his signature measures, tax cuts on investment income and a steady reduction of estate taxes, overwhelmingly benefit the wealthiest households.'

The rest of the article can be found here:

http://www.nytimes.com/2007/01/08/washington/08tax.html


Nice Hikerdrinker


mnhiker's photo
Wed 04/16/08 10:12 PM



Why must I continually point out to the liberal socialists that the richest 1% of this country pays a total of 37% of the total income tax, the riches 5% of this country pay a total of 52% of the total income tax, the lower 50% of the tax payers in this country pay a total of 3% of the total income tax. If you pay no taxes to begin with you can't get a tax reduction.

As for service jobs, I believe mechanics, plumbers and electricians etc are considered service jobs. Next time you need a plumber by the time he is done you will wish he was getting minimum wage laugh laugh laugh

The economy is a bit shaky right now if you want to put it in the toilet raise taxes.

Further, what makes anyone think that any company pays taxes, they do sent a check to the IRS, but the cost of those taxes are passed through to the consummer. Any tax increase ultimately comes out of your pocket twice, once when they tax you and the second time when you pay the taxes that business passes through to the consummer. Even if your IQ is only equal to golf par you should be able to figure that one out. laugh laugh


Where are you getting those figures?

They are deceiving.

According the New York Times, 'families earning more than $1 million a year saw their federal tax rates drop more sharply than any group in the country as a result of President Bush’s tax cuts'.

A '[study] by the nonpartisan Congressional Budget Office, also shows that tax rates for middle-income earners edged up in 2004, the most recent year for which data was available, while rates for people at the very top continued to decline.'

'Economists and tax analysts have long known that the biggest dollar value of Mr. Bush’s tax cuts goes to people at the very top income levels. One reason is that two of his signature measures, tax cuts on investment income and a steady reduction of estate taxes, overwhelmingly benefit the wealthiest households.'

The rest of the article can be found here:

http://www.nytimes.com/2007/01/08/washington/08tax.html


Nice Hikerdrinker




glasses

gardenforge's photo
Thu 04/17/08 01:50 AM
You keep saying the figures are deceiving please explain you are ranting on about tax rates these figures are not tax rates they are actual dollars paid. The upper 50% of the income earners in this country pay 97% of the total income tax, the lower 50% pay 3 percent. It don't take a rocket scientist to figure out that a tax break is going to have a greater benefit to the upper 50% than to the lower 50%. 10% of a million dollars is a lot of money, 100% of nothing is still nothing.

viraloneontheout's photo
Thu 04/17/08 02:13 AM
yes but if that happens the lower class ppl could always go on a buying strike and put this country out of business since they outnumber every other one

Lindyy's photo
Thu 04/17/08 05:56 AM

You keep saying the figures are deceiving please explain you are ranting on about tax rates these figures are not tax rates they are actual dollars paid. The upper 50% of the income earners in this country pay 97% of the total income tax, the lower 50% pay 3 percent. It don't take a rocket scientist to figure out that a tax break is going to have a greater benefit to the upper 50% than to the lower 50%. 10% of a million dollars is a lot of money, 100% of nothing is still nothing.

gardenforge:

I have found that most on the left do not want to believe your figures, albeit they are true.ohwell

Lindyy
:heart:

gardenforge's photo
Thu 04/17/08 08:20 AM
You're right Linddy any facts that don't support the liberal socialist argument are dismissed as false and with their powers of selective amnesia they can conveniently forget anything that does not support their case. laugh laugh laugh

mnhiker's photo
Thu 04/17/08 09:57 PM

You're right Linddy any facts that don't support the liberal socialist argument are dismissed as false and with their powers of selective amnesia they can conveniently forget anything that does not support their case. laugh laugh laugh


A '[study] by the nonpartisan Congressional Budget Office, also shows that tax rates for middle-income earners edged up in 2004, the most recent year for which data was available, while rates for people at the very top continued to decline.'

What part of 'nonpartisan' do you not understand?

Even though I can show conservatives that the nonpartisan Congressional Budget Office crunched the numbers, they still are in serious denial and still think rich people are overtaxed.

They are also unable to site any credible sources themselves.

Fanta46's photo
Fri 04/18/08 07:49 AM
Edited by Fanta46 on Fri 04/18/08 07:55 AM

You're right Linddy any facts that don't support the liberal socialist argument are dismissed as false and with their powers of selective amnesia they can conveniently forget anything that does not support their case. laugh laugh laugh



The tag doesn't fit.

I voted for Bush......laugh laugh laugh

The first time. After the lies and criminal behavior I was not stupid or blind enough to vote for him the second time, and this time I'm probably voting for McCain.
I can not see giving blind loyalty to a single party, and that's what it would take to continue to support Bush after all his BS.
Blindness.
How do you do it? What material are those blinders constructed of that enable such straight forward blind loyalty to occur while the Country and the world fall to shambles around you?

Now I'm a liberal socialist?????laugh laugh laugh


I am an Independent- not affiliated with either party!


mnhiker's photo
Fri 04/18/08 08:03 AM


You're right Linddy any facts that don't support the liberal socialist argument are dismissed as false and with their powers of selective amnesia they can conveniently forget anything that does not support their case. laugh laugh laugh



The tag doesn't fit.

I voted for Bush......laugh laugh laugh

The first time. After the lies and criminal behavior I was not stupid or blind enough to vote for him the second time, and this time I'm probably voting for McCain.
I can not see giving blind loyalty to a single party, and that's what it would take to continue to support Bush after all his BS.
Blindness.
How do you do it? What material are those blinders constructed of that enable such straight forward blind loyalty to occur while the Country and the world fall to shambles around you?

Now I'm a liberal socialist?????laugh laugh laugh


I am an Independent- not affiliated with either party!




Fanta,

If you learned your lesson about Bush Jr. then why are you voting for John McCain?

He's supported by the same political machine that brought Bush Jr. to power, so a vote for him is a vote to continue the Bush Doctrine.

Do you believe in continuing the Bush Doctrine? huh

Fanta46's photo
Fri 04/18/08 08:20 AM



You're right Linddy any facts that don't support the liberal socialist argument are dismissed as false and with their powers of selective amnesia they can conveniently forget anything that does not support their case. laugh laugh laugh



The tag doesn't fit.

I voted for Bush......laugh laugh laugh

The first time. After the lies and criminal behavior I was not stupid or blind enough to vote for him the second time, and this time I'm probably voting for McCain.
I can not see giving blind loyalty to a single party, and that's what it would take to continue to support Bush after all his BS.
Blindness.
How do you do it? What material are those blinders constructed of that enable such straight forward blind loyalty to occur while the Country and the world fall to shambles around you?

Now I'm a liberal socialist?????laugh laugh laugh


I am an Independent- not affiliated with either party!




Fanta,

If you learned your lesson about Bush Jr. then why are you voting for John McCain?

He's supported by the same political machine that brought Bush Jr. to power, so a vote for him is a vote to continue the Bush Doctrine.

Do you believe in continuing the Bush Doctrine? huh


Minus the stupidity----------------

Have you seen the other two choices?laugh laugh

mnhiker's photo
Fri 04/18/08 10:24 AM




You're right Linddy any facts that don't support the liberal socialist argument are dismissed as false and with their powers of selective amnesia they can conveniently forget anything that does not support their case. laugh laugh laugh



The tag doesn't fit.

I voted for Bush......laugh laugh laugh

The first time. After the lies and criminal behavior I was not stupid or blind enough to vote for him the second time, and this time I'm probably voting for McCain.
I can not see giving blind loyalty to a single party, and that's what it would take to continue to support Bush after all his BS.
Blindness.
How do you do it? What material are those blinders constructed of that enable such straight forward blind loyalty to occur while the Country and the world fall to shambles around you?

Now I'm a liberal socialist?????laugh laugh laugh


I am an Independent- not affiliated with either party!




Fanta,

If you learned your lesson about Bush Jr. then why are you voting for John McCain?

He's supported by the same political machine that brought Bush Jr. to power, so a vote for him is a vote to continue the Bush Doctrine.

Do you believe in continuing the Bush Doctrine? huh


Minus the stupidity----------------

Have you seen the other two choices?laugh laugh


Yes, and I believe Obama is the lesser evil.

None of the candidates are perfect and all of them have 'issues'.

So I'll vote for the lesser evil. drinker

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