Tax Cuts

[D_Gunther Snotpole]

^ Voodoo indeed

... and sumtimes, it dont ...

 

[B_VinylBoy]

Ugh... more pathetic pieces of propagated YouTube tripe.
No career politician believes in this nonsense. Oh, they may speak a big game about lowering regulations and being against government. But if they hate it so much, then why become part of the very thing they claim to despise? They double talk the issues and spin it to make it look so patriotic and rebellious, and the intellectually meek lick up every single drop.

The truth is... every person out there wants regulations to protect the things they believe in. When it's something you feel is very important, suddenly things like the deficit don't even matter anymore. If you believe in the NRA and the Second Amendment and some politician raised a bill to weaken the rights of gun owners, you best believe that opponents will push government to regulate things so that they (and other gun owners) don't lose any of their current stature.

How gullible & desperate are some people to fall for such a outright distortion?

 

[deleted15807]

The truth is... every person out there wants regulations to protect the things they believe in. When it's something you feel is very important, suddenly things like the deficit don't even matter anymore.

They want it all and don't want to pay for it. Now we have a what 1/2 billion egg recall this week? And the corporate master whose boots we are all supposed to be licking has been in big trouble before with those pesky regulators. Egg Farm Owner in Recall Known for Violations. The same regulators the Republicans say are hurting business. Well which do you want samonella poisoning or 'small government'? Oil slick beaches or 'regulatory relief'? Rebulators in bed with industry or real government for the people?

 

[Bbucko]

Ugh... more pathetic pieces of propagated YouTube tripe.
No career politician believes in this nonsense. Oh, they may speak a big game about lowering regulations and being against government. But if they hate it so much, then why become part of the very thing they claim to despise? They double talk the issues and spin it to make it look so patriotic and rebellious, and the intellectually meek lick up every single drop.

The truth is... every person out there wants regulations to protect the things they believe in. When it's something you feel is very important, suddenly things like the deficit don't even matter anymore. If you believe in the NRA and the Second Amendment and some politician raised a bill to weaken the rights of gun owners, you best believe that opponents will push government to regulate things so that they (and other gun owners) don't lose any of their current stature.

How gullible & desperate are some people to fall for such a outright distortion?

Lest anyone forget, the formation of the Department of Homeland Security with vast and over-reaching powers via the Patriot Act, Medicare Part D (completely unfunded) and the aforementioned tax cuts while fighting two wars simultaneously were all the products of a Republican-controlled Congress, Senate and White House, as was the dubious attempt at imposing federal standards on local education efforts via No Child Left Behind. Does any one still believe that lie about Republicans wanting a "government so small you can drown it in a bathtub"?

And am I the only one who remembers how much GW Bush railed against "nation building" in the debates leading to the 2000 election?

 

[lucky8]

LOL this thread is full of nonsense. I can't fathom why anyone would ever be against tax cuts. I need to clear up a very common misconception about the Bush tax cuts...they were for everybody, not just the wealthy.

EGTRRA generally reduced the rates of individual income taxes:
a new 10% bracket was created for single filers with taxable income up to $6,000, joint filers up to $12,000, and heads of households up to $10,000.
the 15% bracket's lower threshold was indexed to the new 10% bracket
the 28% bracket would be lowered to 25% by 2006.
the 31% bracket would be lowered to 28% by 2006
the 36% bracket would be lowered to 33% by 2006
the 39.6% bracket would be lowered to 35% by 2006

Being that these are set to sunset on Jan. 1, 2011, YOUR taxes will go up regardless of how much you make if they aren't extended. So, what we have here is 100% of Americans will be effected...and I haven't even mentioned retirement accounts, capital gains taxes, and estate taxes...Let's at least get the facts straight

 

[ripsrips]

I would like to see the 'Flat Tax' implemented.

 

[lucky8]

only if the wealth was re-distributed first...

 

[ripsrips]

Why don't YOU start by giving up YOUR money? No matter how much you have...

If I'm successful in my business and I make a really really good living and it took me 10 years of working 16+ hours a day, taking 1 to 2 days off a month and now I've paid off my loans and can enjoy the really good things in life and know I will have enough to retire very very comfortably...Why should I have to give some of that up?

 

[lucky8]

Why don't YOU start by giving up YOUR money? No matter how much you have...

If I'm successful in my business and I make a really really good living and it took me 10 years of working 16+ hours a day, taking 1 to 2 days off a month and now I've paid off my loans and can enjoy the really good things in life and know I will have enough to retire very very comfortably...Why should I have to give some of that up?

If we ever (which we won't) went to a flat tax rate, we'd be doing it why...to be fair? So everyone has the same playing field right? In order to have the same playing field, we'd also have to all start with the same amount of cash, otherwise the rich have an advantage from the get go...which would defeat the point of moving to a flat tax rate. I say fuck that

 

[b.c.]

LOL this thread is full of nonsense. I can't fathom why anyone would ever be against tax cuts. I need to clear up a very common misconception about the Bush tax cuts...they were for everybody, not just the wealthy.

EGTRRA generally reduced the rates of individual income taxes:
a new 10% bracket was created for single filers with taxable income up to $6,000, joint filers up to $12,000, and heads of households up to $10,000.
the 15% bracket's lower threshold was indexed to the new 10% bracket
the 28% bracket would be lowered to 25% by 2006.
the 31% bracket would be lowered to 28% by 2006
the 36% bracket would be lowered to 33% by 2006
the 39.6% bracket would be lowered to 35% by 2006

Being that these are set to sunset on Jan. 1, 2011, YOUR taxes will go up regardless of how much you make if they aren't extended. So, what we have here is 100% of Americans will be effected...and I haven't even mentioned retirement accounts, capital gains taxes, and estate taxes...Let's at least get the facts straight

Speaking of "facts"...ahem... I've already posted two links regarding taxes. The first here, titled, "From Obama, The Tax Cut Nobody Heard Of"

http://www.nytimes.com/2010/10/19/us/politics/19taxes.html?_r=2&ref=economic_stimulus

which opens with the (NOT rhetorical) question "What if a President cut Americans' income taxes by $116 BILLION and nobody noticed?

and the second here:

Bush Tax Cuts (Wealthfare) Heavily Favor the Rich...

which in plain easy to read graphics (a double bar graph) shows a side by side comparison of Bush's tax policies with Obama's proposed policies. The graph clearly shows that under Bush, unless you're earning 300 HUNDRED THOUSAND DOLLARS a year, you'd pay $800 more per year in taxes.

The Bush plan begins saving you "ducats" from 300 thou on up. And if you're married, both work, have two children, and earn a cool million per year, Bush's plan will let you pocket an extra 53 THOUSAND and change.

 

[B_VinylBoy]

Why don't YOU start by giving up YOUR money? No matter how much you have...

What makes you think people who make less than others don't do this already? Please don't tell me you're one of these fools who believes that taxes only count on April 15th?

If I'm successful in my business and I make a really really good living and it took me 10 years of working 16+ hours a day, taking 1 to 2 days off a month and now I've paid off my loans and can enjoy the really good things in life and know I will have enough to retire very very comfortably...Why should I have to give some of that up?

Because those who make more have the means to not only pay more, but maintain a stable way of life that allows them to still live to the fullest. Whereas the poor, who have to spend every single dime to survive cannot. That's why we're never going to have a "flat tax". Most of you so-called "rich people" didn't work for 10 years and 16+ hours a day to make your so-called fortunes. They either inherited it, borrowed it or stole it from someone else. Which is why only 2% of people have the majority of wealth in this country. Besides, most people who actually work that hard still make less than $250K a year. They wouldn't even benefit from a "flat tax". So stop with the BS. Just say that you're greedy and don't give a fuck about the poor. At least that way you'd be honest, even though it wouldn't grant you anymore respect that you currently do not have.

Jeez... the fact that I have to type that shows just how intellectually deficient or dishonest people can be on this board.

 

[dandelion]

In the Uk the government pays for health care. Quite a few other things, from what is said on here rather better than in the US. The US chooses to spend its money on the worlds biggest army and going out killing millions of foreign nationals. I really dont get it. You guys like destroying other peoples countries? What other benefit do you get from it which offsets the huge costs you are paying in maintaining that army? Like, when was the US ever threatened with invasion? Did no one explain the basic principle of an empire, that it is supposed to make money. No point sending hugely expensive armies round the world just for amusement. The British empire disappeared, but fundamentally it was a confidence trick based on a belief in british power without having to spend all that money on creating it. How rich would americans be now if they used that revenue for something useful?

 

[ripsrips]

What makes you think people who make less than others don't do this already? Please don't tell me you're one of these fools who believes that taxes only count on April 15th?



Because those who make more have the means to not only pay more, but maintain a stable way of life that allows them to still live to the fullest. Whereas the poor, who have to spend every single dime to survive cannot. That's why we're never going to have a "flat tax". Most of you so-called "rich people" didn't work for 10 years and 16+ hours a day to make your so-called fortunes. They either inherited it, borrowed it or stole it from someone else. Which is why only 2% of people have the majority of wealth in this country. Besides, most people who actually work that hard still make less than $250K a year. They wouldn't even benefit from a "flat tax". So stop with the BS. Just say that you're greedy and don't give a fuck about the poor. At least that way you'd be honest, even though it wouldn't grant you anymore respect that you currently do not have.

Jeez... the fact that I have to type that shows just how intellectually deficient or dishonest people can be on this board.

You are so Intellectually disabled you can't come up with an argument just bigoted insults...Typical.
Now I remember why I stayed away from this forum for so long...You can keep trying to convince yourself...but deep down you know.

Insult away like you always do because i'm out!

 

[B_RedDude]

Excellent question, Mensch. I believe that they accomplished at least one of their intended purposes. They allowed the rich to be even richer.

OK...........I'll admit it.........I'm not a wizard when it comes to my own personal finances let alone the finances of the country! However, if the current tax cuts should be extended (as the Republicans argue).. could someone please tell me just WHAT the tax cuts accomplished when they were put in place 10 years ago??? Did they do what they were SUPPOSED to do??

 

[B_VinylBoy]

You are so Intellectually disabled you can't come up with an argument just bigoted insults...Typical.
Now I remember why I stayed away from this forum for so long...You can keep trying to convince yourself...but deep down you know.

Insult away like you always do because i'm out!

Well first off, questioning my intellect when all of your political gripes are silly, infantile rants of empty rhetoric and cloaked greed is LAUGHABLE. And yes, I call you bigoted because you are. Don't like it? Tough shit.

"Waaaaaa, I call you names!"
No... I call you WHAT YOU ARE and you don't like it.

And the reason why you're "out" is because you know DAMN well that it's true. So go ahead and stay away from the board as much as you want. Be like so many other misguided souls and act like the reason why you don't like it here is because of people like me. You put out hate and then cry when someone calls you on it. Then run away like a coward. TYPICAL.

 

[HUNGHUGE11X7]

OK........... could someone please tell me just WHAT the tax cuts accomplished when they were put in place 10 years ago???

Not a fukin thing. Unless you account how it contributed to the most recent financial disaster.
I say ALL the tax cuts should expire but I can see why incomes UNDER 250K should still be allowed the tax cuts!
IF we allow ALL the tax cuts that would cost us THREE TRILLION dollars the next 4 years and 700 BILLION yearly !


~HH~

 

[HUNGHUGE11X7]

Excellent question, Mensch. I believe that they accomplished at least one of their intended purposes. They allowed the rich to be even richer.

Ohhh My bad! They DID accomplish something . Member of my family would happily Thank -You ! (yeah right lol)


~HH~

 

[lucky8]

Not a fukin thing. Unless you account how it contributed to the most recent financial disaster.
I say ALL the tax cuts should expire but I can see why incomes UNDER 250K should still be allowed the tax cuts!
IF we allow ALL the tax cuts that would cost us THREE TRILLION dollars the next 4 years and 700 BILLION yearly !


~HH~

So wouldn't that mean the Bush tax cuts actually did do something afterall? See any logic there?

 

[D_Tavish Titmouth]

The largest tax break of the Bush tax cuts was the capital gains tax cut to 15%. The ultra wealthy make the majority of their money this way, yet are only taxed at the same rate as someone making $50k? No wonder Bush turned a surplus to a deficit during his 2 terms.

 

[dandelion]

with creative accounting income and capital gains tend to be interchangeable. So whatever the top rate US income tax is, they will no doubt have given up paying that too and taken their money as capital gains.