Raise Taxes on the "Rich" = Less Gov't Revenue

  1. You have chosen to ignore posts from schadenfreude99. Show schadenfreude99's posts

    Re: Raise Taxes on the "Rich" = Less Gov't Revenue

    If you don't like Sowell going back to the 1920's for his facts, then just go back to Kennedy or Reagan.  It is a fact that federal income tax revenues increased when these Presidents lowered taxes.

    “It is a paradoxical truth that tax rates are too high and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now … Cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which can bring a budget surplus.”

    – John F. Kennedy, Nov. 20, 1962

     
  2. You have chosen to ignore posts from DirtyWaterLover. Show DirtyWaterLover's posts

    Re: Raise Taxes on the "Rich" = Less Gov't Revenue

    Best way to cut the deficit - get the economy growing.  Unless the economy starts growing, and actions to cut the deficit will result in less economic activity and a cut in tax revenue.

    Focus on getting the economy growing first.  Deficit reduction second.

     
  3. You have chosen to ignore posts from APerfectCircle. Show APerfectCircle's posts

    Re: Raise Taxes on the "Rich" = Less Gov't Revenue

    In Response to Re: Raise Taxes on the "Rich" = Less Gov't Revenue:
    Best way to cut the deficit - get the economy growing.  Unless the economy starts growing, and actions to cut the deficit will result in less economic activity and a cut in tax revenue. Focus on getting the economy growing first.  Deficit reduction second.
    Posted by DirtyWaterLover


    Best way to cut the deficit - get the economy growing. 


    And I would guess increasing taxes is not the way to get the economy growing. More money in peoples pockets means more money being spent.
     
  4. You have chosen to ignore posts from sk8ter2008. Show sk8ter2008's posts

    Re: Raise Taxes on the "Rich" = Less Gov't Revenue

    In Response to Re: Raise Taxes on the "Rich" = Less Gov't Revenue:
    So, the GOP wants $700B in tax cuts for the "rich", ...and to make sure they get it, they're holding hostage $18B in unemployment benefits for the neediest (i.e., "not rich", for those playing at home) Americans...during the holiday season when "needy" turns to "desperate" awfully quick.... How effing-christian of them....
    Posted by MattyScornD


    Or it could be argued:
    The dems are holding up unemployment benefits for the neediest and using them as political pawns by refusing to extend the taxcuts that a majority of Americans support!!!

    How Christian of them.
     
  5. You have chosen to ignore posts from ccfaulk. Show ccfaulk's posts

    Re: Raise Taxes on the "Rich" = Less Gov't Revenue

    A flat tax would work if congress worked out what economic levels the tax pertains to.

    1. Family of 4, $35,000 income no tax.
    2. Single $35,000  5%

    The break point would be $60,000 for a family and it would start low and as their income rose it to would rise.

    Maximum amount would be 12%. Even if it was 20% it still would be  a ton less than 35%.

    Include business and put that at 15% and all would work out. Companies would not flee if they knew exactly how much they were paying.

    The problem is the legislature would then have no tools to award their constituents. The tax code is so confusing because it has been the main tool to bipartisan compromise for a century. Oh and Rangel the crook has been at the helm for the last decade.

     
  6. You have chosen to ignore posts from RevWright. Show RevWright's posts

    Re: Raise Taxes on the "Rich" = Less Gov't Revenue

    Flat tax is incredibly regressive as its impact is much greater on the poor than on the rich.  Think about it 10% on 30K vs. 10% on 300K: who feels the pinch more in living their life?

    No good turn goes unpunished or untaxed.

    Message: The harder you work, the more you achieve.. the more you will have to subsidize the lazy.
     
  7. You have chosen to ignore posts from MattyScornD. Show MattyScornD's posts

    Re: Raise Taxes on the "Rich" = Less Gov't Revenue

    In Response to Re: Raise Taxes on the "Rich" = Less Gov't Revenue:
    In Response to Re: Raise Taxes on the "Rich" = Less Gov't Revenue : Or it could be argued: The dems are holding up unemployment benefits for the neediest and using them as political pawns by refusing to extend the taxcuts that a majority of Americans support!!! Posted by sk8ter2008


    A "majority of Americans" support continuing tax cuts for the wealthiest 5% of americans...?!?!?  From which muddy stream did you fish that tire??

    Can you prove it...??
     
  8. You have chosen to ignore posts from BobinVa. Show BobinVa's posts

    Re: Raise Taxes on the "Rich" = Less Gov't Revenue

    If your tax rate have been the same for 10 years, how on God's earth can it possibly be considered a 'tax cut'... to keep the same rate it has been for 10 years?
    .....10 years?

    The liberal mentality is, none of your money or property is really yours, it is all just a temporary 'tax cut' which can be taken away at any time...

     
  9. You have chosen to ignore posts from RevWright. Show RevWright's posts

    Re: Raise Taxes on the "Rich" = Less Gov't Revenue

    Ohhh there is no temporary tax.. just temporary tax cuts. I get it. Fair and balanced.
     
  10. You have chosen to ignore posts from schadenfreude99. Show schadenfreude99's posts

    Re: Raise Taxes on the "Rich" = Less Gov't Revenue

    yes...and what you bring home in your paycheck is actually just a Government expenditure.

     
  11. You have chosen to ignore posts from sk8ter2008. Show sk8ter2008's posts

    Re: Raise Taxes on the "Rich" = Less Gov't Revenue

    In Response to Re: Raise Taxes on the "Rich" = Less Gov't Revenue:
    In Response to Re: Raise Taxes on the "Rich" = Less Gov't Revenue : A "majority of Americans" support continuing tax cuts for the wealthiest 5% of americans...?!?!?  From which muddy stream did you fish that tire?? Can you prove it...??
    Posted by MattyScornD


    A majority support it.

    http://www.rasmussenreports.com/public_content/business/taxes/december_2010/most_voters_believe_congress_likely_to_extend_bush_tax_cuts_for_all
     
  12. You have chosen to ignore posts from DirtyWaterLover. Show DirtyWaterLover's posts

    Re: Raise Taxes on the "Rich" = Less Gov't Revenue

    In Response to Re: Raise Taxes on the "Rich" = Less Gov't Revenue:
    In Response to Re: Raise Taxes on the "Rich" = Less Gov't Revenue : A majority support it. http://www.rasmussenreports.com/public_content/business/taxes/december_2010/most_voters_believe_congress_likely_to_extend_bush_tax_cuts_for_all
    Posted by sk8ter2008


    Where in the article does it cay a majority of American's support extending the tax cut? 

    Here?

    The latest Rasmussen Reports national telephone survey finds that 63% of Likely Voters say it’s at least somewhat likely the Bush tax cuts will be extended for all taxpayers, including 24% who say it's Very Likely. Thirty percent (30%) say it’s not likely Congress will vote to extend the tax cuts for all, but only six percent (6%) say it’s Not At All Likely.

    Or was it this


    "In November, 50% of Americans preferred extending the Bush administration tax cuts for all Americans, but 44% favored their extension for everyone except the wealthy."

    The 63% say they think the tax cuts for all WILL BE extended.  They never said they favor extending tax cuts for all.

    By the way, the comment that "50% of Americans preferred extending tax cuts for all Americans" is a misrepresntation of the facts.  The question that was asked was ..."Should the Bush Administration tax cuts be extended or should the tax cuts end this year?"

    I don't see "Tax Cuts for ALL Americans" in the question, do you?

    So 50% of the population things the Tax Cuts shouldn't be extended.

    With Rasmussen, it is very important to read the survey questions because they typically misrepresent the survey results.



     
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  14. You have chosen to ignore posts from Ltown1. Show Ltown1's posts

    Re: Raise Taxes on the "Rich" = Less Gov't Revenue

    In Response to Re: Raise Taxes on the "Rich" = Less Gov't Revenue:
    In Response to Re: Raise Taxes on the "Rich" = Less Gov't Revenue : Or it could be argued: The dems are holding up unemployment benefits for the neediest and using them as political pawns by refusing to extend the taxcuts that a majority of Americans support!!! How Christian of them.
    Posted by sk8ter2008


    You love to post lies.  


    Here are some polls for you that break down this very issue.  I posted them in a previous thread, but that thread was deleted for some reason.


    Washington (CNN) - As top Democrats and Republicans continue negotiations over extending the Bush-era tax cuts, a new national poll indicates that a slight majority of Americans are opposed to the wealthiest Americans receiving those cuts.

    According to a www.cbsnews.com/stories/2010/12/02/politics/main7111670.shtml">CBS News survey released Thursday evening, 53 percent of the public says that the cuts should be extended only for families making a combined income of less that $250,000 a year, with 26 percent saying the lower tax rates should be continued for all Americans, and 14 percent saying they should be allowed to expire at the end of the year.

    The 26 percent in the CBS News poll who say that the cuts should be extended for all Americans is lower than the figures in other recent surveys.

    Four in ten questioned in a www.gallup.com/poll/144989/Vast-Majority-Wants-Aspect-Bush-Tax-Cuts-Extended.aspx">USA Today/Gallup survey released Wednesday say that the cuts should be extended for all Americans, with 44 percent saying they support extending the tax breaks but setting limits on how much of wealthy Americans' income is eligible for the lower rates, and 13 percent saying the cuts should be allowed to expire at the end of the year.

    An www.ap-gfkpoll.com/pdf/AP-CNBC%20Poll%20Topline1.pdf">Associated Press-CNBC poll released Tuesday indicates that half of those questioned wanted tax cuts to be extended only for families making under $250,000 a year, with 34 percent saying they should be extended for all Americans, and 14 percent calling for the cuts to sunset for everyone at the end of the year.

    Forty-nine percent of people questioned in a CNN/Opinion Research Corporation survey conducted in the middle of November said the tax cuts should be extended for families making less than $250,000 a year, with another 15 percent saying the cuts should not be extended for anyone. That left 35 percent who favor an extension of the tax cuts for all Americans regardless of how much money they make.



    Fact is, half of Americans feel they should be extended for families earning under 250,000.   The tax cuts for the rich only have about 1/3 of the population's support.

    So the GOP is holding unemployment benefits hostage in order to extort the tax cuts for the rich from the American people.

    The very same tax cuts that were "rammed down our throats" in the first place with reconciliation.   So they never really had any support outside the Senate Republicans anyway.  

     
  15. You have chosen to ignore posts from skeeter20. Show skeeter20's posts

    Re: Raise Taxes on the "Rich" = Less Gov't Revenue

    In Response to Re: Raise Taxes on the "Rich" = Less Gov't Revenue:
    People holding on to their private property; what a warm platitude. The problem being that we only make a show of having an equitable tax system.  I know I know.  "Equitable" is for wussy little liberals.  Real men embrace unfairness.  Yadda yadda. The problem is a smokescreen show of taxing the ultra-rich while allowing them to simply dodge the tax with tax havens, tax loopsholes, and tax-free investments.  Any rich person with half a brain knows to hire experts in setting up tax-avoidance systems. I'd like to know what a CEO taking home a $200 million bonus in 2010 does that a CEO paid 1/100th or 1/1000th of the amount in 1950 didn't do that's so great.  We certainly don't seem to be doing better economically.  But the nobles have got the peasants rooting for them, one way or another.  
    Posted by WhatIsItNow



    Patitude?  IS that what you think of private property?

    A CEO gets paid based on his ability to provide a return to a company's investors.  The CEO's pay and bonus is only of your concern if you have put some of YOUR private property into the company he/she is running.

    Or, are you a fan of State Capitalism (i.e. fascism) where the State calls the shots?
     
  16. You have chosen to ignore posts from skeeter20. Show skeeter20's posts

    Re: Raise Taxes on the "Rich" = Less Gov't Revenue

    In Response to Re: Raise Taxes on the "Rich" = Less Gov't Revenue:
    In Response to Re: Raise Taxes on the "Rich" = Less Gov't Revenue : =============================================================  The answer is a graduated flat tax
    Posted by kelldog1


    That would be an oxymoron.
     
  17. You have chosen to ignore posts from skeeter20. Show skeeter20's posts

    Re: Raise Taxes on the "Rich" = Less Gov't Revenue

    In Response to Re: Raise Taxes on the "Rich" = Less Gov't Revenue:
    Scare tactics are all the GOP has left.   Their economics have completely submarined out country and now they still try to push their agenda.  They can't use logic, or history.  They can't run on their record or their performance.   They use fear.  "Job Killing tax increase"     What jobs?  "higher taxes equals less revenue"    Next they'll tell us the sky is going to fall. And please, you post this stuff like it means anything.  He starts with a speach made in 1924.  Those economic theories are the ones that led to the GREAT DEPRESSION.   Well done Dr. Sowell.
    Posted by Ltown1


    Right.  And you plan is what, exactly?  Obamacare? Prescription drug programs?  More government programs?
     
  18. You have chosen to ignore posts from labman57. Show labman57's posts

    Re: Raise Taxes on the

    Hmmm. Let's see now.

     

    There is simply no data to support the supposition that providing disproportionately huge tax cuts for the top 2% of the wealthiest people results in job creation or other significant economic growth. 

     

    Enter the Congressional Republican think tank:  since the currently provided huge tax breaks for the wealthy clearly have had no stimulating effect on job growth, let's conclude that we need to further extend said tax cuts indefinitely in order to stimulate job growth.

     

    Me no understand right wing logic.

     

    In fact, the only result that the GOP truly expects is the one that will occur -- the rich will get richer at the expense of everyone else. 

     

    Suggestions that tax cuts for the ultra-wealthy will stimulate job growth is simply their cover, their disingenuous talking point designed to try to sell their Reaganomic bill of goods to the public. Ultra-wealthy Americans made a major investment in the Republican Party during the 2010 mid-term elections. The GOP is simply carrying out the job for which they have been duly paid.

     

    Don't pee on my shoe and call it trickle-down economics.

     
  19. You have chosen to ignore posts from kelldog1. Show kelldog1's posts

    Re: Raise Taxes on the

    In Response to Re: Raise Taxes on the:
    Hmmm. Let's see now.   There is simply no data to support the supposition that providing disproportionately huge tax cuts for the top 2% of the wealthiest people results in job creation or other significant economic growth.    Enter the Congressional Republican think tank :  since the currently provided huge tax breaks for the wealthy clearly have had no stimulating effect on job growth , let's conclude that we need to further extend said tax cuts indefinitely in order to stimulate job growth.   Me no understand right wing logic.   In fact, the only result that the GOP truly expects is the one that will occur -- the rich will get richer at the expense of everyone else.    Suggestions that tax cuts for the ultra-wealthy will stimulate job growth is simply their cover , their disingenuous talking point designed to try to sell their Reaganomic bill of goods to the public. Ultra-wealthy Americans made a major investment in the Republican Party during the 2010 mid-term elections. The GOP is simply carrying out the job for which they have been duly paid .   Don't pee on my shoe and call it trickle-down economics.
    Posted by labman57

    ============================================================
      Amen Brother!
     
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  21. You have chosen to ignore posts from skeeter20. Show skeeter20's posts

    Re: Raise Taxes on the

    In Response to Re: Raise Taxes on the:
    Hmmm. Let's see now.   There is simply no data to support the supposition that providing disproportionately huge tax cuts for the top 2% of the wealthiest people results in job creation or other significant economic growth.    Enter the Congressional Republican think tank :  since the currently provided huge tax breaks for the wealthy clearly have had no stimulating effect on job growth , let's conclude that we need to further extend said tax cuts indefinitely in order to stimulate job growth.   Me no understand right wing logic.   In fact, the only result that the GOP truly expects is the one that will occur -- the rich will get richer at the expense of everyone else.    Suggestions that tax cuts for the ultra-wealthy will stimulate job growth is simply their cover , their disingenuous talking point designed to try to sell their Reaganomic bill of goods to the public. Ultra-wealthy Americans made a major investment in the Republican Party during the 2010 mid-term elections. The GOP is simply carrying out the job for which they have been duly paid .   Don't pee on my shoe and call it trickle-down economics.
    Posted by labman57


    There are no tax cuts to the rich being proposed.  if there are, let me know.  I'll support them.

    Besides, how can you say with a straight face that the tax cuts to the "rich" are huge?  you are aware that the "rich" already pay about 50% of the taxes?

    Your shrill class warfare won't work anymore.  you and your soros clowns are going down.
     
  22. You have chosen to ignore posts from skeeter20. Show skeeter20's posts

    Re: Raise Taxes on the

    In Response to Re: Raise Taxes on the:
    In Response to Re: Raise Taxes on the : ============================================================   Amen Brother!
    Posted by kelldog1



    You will believe absolutely anything, particularly this progressive class warfare nonsense, won't you?
     
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  24. You have chosen to ignore posts from skeeter20. Show skeeter20's posts

    Re: Raise Taxes on the "Rich" = Less Gov't Revenue

    In Response to Re: Raise Taxes on the "Rich" = Less Gov't Revenue:
    In Response to Re: Raise Taxes on the "Rich" = Less Gov't Revenue : Man, are you clueless. A study by Bloomberg shows that CEO's, by any measure, are overpaid in relation to the performance of their companies. The highest paid execs had the worst performance records. You whacko wingnuts are just too dumb to know what the heck is going on in the real world. The only thing you care about are soundbites and slogans. That's the extent of your attention span. The funniest is that wingnuts are proud of their ignorance and choose to remain so. Sorry to spoil your self-dellsion party.
    Posted by 12-Angry-Men


    So, who named you god?  You think too highly of youself, my friend.  And insults:  sign of a weak argument.  you need to insult so that you can try to slide your corrupt evil ideas by.

    The point, other than the one on top of your head is that CEO pay is none of our business, none of government's business, save for illegality.
     
  25. You have chosen to ignore posts from Reubenhop. Show Reubenhop's posts

    Re: Raise Taxes on the "Rich" = Less Gov't Revenue

    In Response to Re: Raise Taxes on the "Rich" = Less Gov't Revenue:
    In Response to Re: Raise Taxes on the "Rich" = Less Gov't Revenue : So, who named you god?  You think too highly of youself, my friend.  And insults:  sign of a weak argument.  you need to insult so that you can try to slide your corrupt evil ideas by. The point, other than the one on top of your head is that CEO pay is none of our business, none of government's business, save for illegality.
    Posted by skeeter20


    I agree that the pay of CEOs is none of the government's business.  It is despicable how little these people care about how they serve themselves rather than their shareholders, but it is up to the shareholders to take action.  That said, it is up to the government to determine an equitable tax system and we need to do more to support the vanishing middle class... so those folks in the upper brackets may have to cough up more than they do presently.  Maybe that is indirect involvement of the government in this issue, but so what?  No tears for these guys: they got big rewards from this nation, they can bear a little extra responsibility to keep it going.
     
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