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Thread: White House Tax Plan Would Ask More of Millionaires

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Conservative View Post
    There is a price to run the govt. and that is the budget of the United States. Right now the price being paid by 47% to fund that govt. is ZERO. Is that what you call paying their fair share?


    Why do you slide over the fact that individual income taxes make up only 44 percent of federal revenues, and payroll taxes make up 42 percent?

    If you were honest you would have stated that the effective fed tax rate on the top percent fell 6 points, while there income jumped 12 percentage points.

    Sure cant say that about the so-called 47 percent that youíre running around saying that they donít pay taxes; like the top percent are carrying them on their backs.

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    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by winston53660 View Post
    If pointing out your fallacies is trolling so be it
    My fallacies? You don't think there is a cost to be a citizen of this country? Great, glad to hear that you don't support the 3.7 trillion dollar govt. that we have today.

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by donc View Post
    Why do you slide over the fact that individual income taxes make up only 44 percent of federal revenues, and payroll taxes make up 42 percent?

    If you were honest you would have stated that the effective fed tax rate on the top percent fell 6 points, while there income jumped 12 percentage points.

    Sure cant say that about the so-called 47 percent that you’re running around saying that they don’t pay taxes; like the top percent are carrying them on their backs.

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    Now we don't want to be honest, do we, how much of that 3.7 trillion dollars is SS/Medicare? We certainly don't want honesty here especially from a liberal. Why do you support Medicare and SS being on budget and revenue going on budget?

    My point remains and you haven't addressed it, what is the effective tax rate of the 47% that don't pay any FIT? You are like far too many, don't have a clue as to the line item expenses of the Federal Govt. and what FIT funds or is supposed to fund.

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    Re: White House Tax Plan Would Ask More of Millionaires

    Do you know how much our GDP is and was? think about it. The actual dollars collected means so much more than the percentage of GDP. No one spends percentage change at the grocery store but instead spends actual dollars just like debt service is actual dollars not percentage. Liberals always use percentage change to argue for taking more of your income.
    First of all, Liberals are talking about taxing themselves as well. This whole identity politics crap about Liberals living on the dole and conservatives paying taxes is crap. Based on Demographics Obama voters were on average more affluent and more educated than McCain voters. It's a differing view on the role of government "liberals wanna take your money". Second of all...% is used because it's the correct thing to use. When population grows, GDP grows, when goods become more expensive, GDP grows, and of course, when the economy grows...thereby more government resources needed, GDP has grown.

    Tax cuts mean more take home pay for the American worker. Reagan tax cuts doubled GDP and double tax revenue. Reagan had a Democrat House and Tip ONeil that had no problem spending money. Reagan set a record for vetoes but also signed legislation that had riders attached to defense legislation that was required to destroy the Soviet Union. Reagan had a 1.7 trillion dollar debt over 8 years. Obama exceeded that in about a year and two months and has addded 4 trillion in less than 3 years showing again that we have a spending problem not a revenue problem.
    Dems controlled the House and Senate for virtually 40 years and never ran up the debts Reagan did. Dem's controlling Congress was nothing new. As for the Soviet Union bit, we know, Defense never "counts" on the budget, which is why Bush didn't worry about paying for them. If you want to spend on more wars at least pay for em.
    The deficit when Reagan walked into office was like 600 billion or so. He increased it by by 300%. That's the problem with using real numbers over percentages. You make Reagan look like a fiscal hawk even though he's been the largest deficit spender in the modern era National debt by U.S. presidential terms - Wikipedia, the free encyclopedia

    Obama's biggest increase was a 600 billion dollar stimulus that included 1/3rd of that stimulus as tax cuts. He has cut government spending, his 2010 spending was less than Bush's last budget (see wiki article). Basically your misinformed I'm sorry.

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Catawba View Post
    What policies does Obama support that didn't build our country, SS and health care helped build the strongest middle class in our history. Taxes used to be lot more for the people at the top, higher than anything being proposed by Obama.

    You act as if eliminating some of the temporary tax breaks given to the wealthy to help reduce our debt is some kind of foreign scheme, rather than the tried and true method used to build a middle class after the Great Depression.
    Class warfare and individual wealth redistribution. Do you collect SS? Apparently not because SS doesnt build a strong middle class because SS revenue isn't enough to do that. As I posted, what line items in the budget benefits the middle class more than the lower classes?

    Current Report: Combined Statement of Receipts, Outlays, and Balances of the United States Government (Combined Statement): Publications & Guidance: Financial Management Service

    It would help a lot if you actually looked at the budget for at least once in your life and then you wouldn't be making such foolish statements.

    Still no answer, why would you support sending more money to D.C. when they helped create a 14.6 trillion dollar debt? Apparently you either work for the govt. or just don't have a clue, maybe both.

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    Re: White House Tax Plan Would Ask More of Millionaires

    EXCEPT Reagan who had to raise SS taxes to get the fund solvent again.
    Reagan pointed a comission to make reccomendations. He used the money as well. He did raise SS taxes but of course, had no problem raising taxes that the poorest Americans pay while lowering the taxes of the richest.

    Here is the link to the line items in the budget so explain to me how the rich benefit more from these line items than anyone else?
    Anybody that does the best in a system (in our system judged by wealth) by default benefits the most from the system. This isn't Atlas Shrugged, drop the Koch bros or Warren Buffet in a country other the US or other countries that pay at or higher taxes and that leaves 3rd World Countries were they are toast.

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Conservative View Post
    My fallacies? You don't think there is a cost to be a citizen of this country?
    ahemm US citizens

    gd8281360new-born-babies-are-s-5816.jpg

    Wadda ya gonna charge 'em?

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Conservative View Post
    Now we don't want to be honest, do we, how much of that 3.7 trillion dollars is SS/Medicare? We certainly don't want honesty here especially from a liberal. Why do you support Medicare and SS being on budget and revenue going on budget?

    My point remains and you haven't addressed it, what is the effective tax rate of the 47% that don't pay any FIT? You are like far too many, don't have a clue as to the line item expenses of the Federal Govt. and what FIT funds or is supposed to fund.

    you did post this in post #1196 didn't you?Note the bolded part.

    There is a price to run the govt. and that is the budget of the United States. Right now the price being paid by 47% to fund that govt. is ZERO. Is that what you call paying their fair share?


    So if anyone that didn't have a clue(a dittohead perhaps) were to look at your post, they would more than likely believe the **** your shoveling.Just trying to get some truth squeezed in between your BS post.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: White House Tax Plan Would Ask More of Millionaires

    iliveonramen;1059845397]First of all, Liberals are talking about taxing themselves as well. This whole identity politics crap about Liberals living on the dole and conservatives paying taxes is crap. Based on Demographics Obama voters were on average more affluent and more educated than McCain voters. It's a differing view on the role of government "liberals wanna take your money". Second of all...% is used because it's the correct thing to use. When population grows, GDP grows, when goods become more expensive, GDP grows, and of course, when the economy grows...thereby more government resources needed, GDP has grown.
    Still waiting for an answer, do you believe 47% not paying any FIT means they are paying their fair share? Liberals supporting the class warfare are doing so mostly to keep their power and support for a large central govt. You seem to have this fixation with govt. revenue and the need for more money at the Federal level and the question is why? You think raising taxes raises GDP? What do you think will happen to state tax revenue when FIT taxes go up on the rich?


    Dems controlled the House and Senate for virtually 40 years and never ran up the debts Reagan did. Dem's controlling Congress was nothing new. As for the Soviet Union bit, we know, Defense never "counts" on the budget, which is why Bush didn't worry about paying for them. If you want to spend on more wars at least pay for em.
    The deficit when Reagan walked into office was like 600 billion or so. He increased it by by 300%. That's the problem with using real numbers over percentages. You make Reagan look like a fiscal hawk even though he's been the largest deficit spender in the modern era National debt by U.S. presidential terms - Wikipedia, the free encyclopedia
    Please tell me how a President spends money without Congressional approval and I hope you don't believe that Congress doesn't spend money? 5 trillion dollars has been added to the debt since 2007. Who controlled the purse strings during that period of time?

    Reagan took over with a 900 billion debt and left it at 2.6 trillion. Obama took office with a 10.6 trillion debt and it is 14.6 trillion now. Bush and Congress added 4.9 trillion to the debt in 8 YEARS and Obama will exceed that in four.

    Obama's biggest increase was a 600 billion dollar stimulus that included 1/3rd of that stimulus as tax cuts. He has cut government spending, his 2010 spending was less than Bush's last budget (see wiki article). Basically your misinformed I'm sorry.
    Obama stimulus was 842 billion and he was left 350 billion of TARP, a program that he voted for. the 2009 budget was passed by a Democrat Congress with Democrat votes of which Obama was one. Obama then put the Department heads in place to spend that budet. Those tax cuts were targeted and were worthless. You got a rebate check if you worked and once it was spent it was gone. Suggest you learn exactly what those tax cuts were. Seems to me you are out of your league here and you are the one misinformed.

    Tax cuts for individuals

    Total: $237 billion
    • $116 billion: New tax credit of $400 per worker and $800 per couple in 2009 and 2010. Phase out begins at $75,000 for individuals and $150,000 for joint filers.[29]
    • $70 billion: Alternative minimum tax: a one year increase in AMT floor to $70,950 for joint filers for 2009.[29]
    • $15 billion: Expansion of child tax credit: A $1,000 credit to more families (even those that do not make enough money to pay income taxes).
    • $14 billion: Expanded college credit to provide a $2,500 expanded tax credit for college tuition and related expenses for 2009 and 2010. The credit is phased out for couples making more than $160,000.
    • $6.6 billion: Homebuyer credit: $8,000 refundable credit for all homes bought between 1/1/2009 and 12/1/2009 and repayment provision repealed for homes purchased in 2009 and held more than three years. This only applies to first-time homebuyers.[41]
    • $4.7 billion: Excluding from taxation the first $2,400 a person receives in unemployment compensation benefits in 2009.
    • $4.7 billion: Expanded earned income tax credit to increase the earned income tax credit — which provides money to low income workers — for families with at least three children.
    • $4.3 billion: Home energy credit to provide an expanded credit to homeowners who make their homes more energy-efficient in 2009 and 2010. Homeowners could recoup 30 percent of the cost up to $1,500 of numerous projects, such as installing energy-efficient windows, doors, furnaces and air conditioners.
    • $1.7 billion: for deduction of sales tax from car purchases, not interest payments phased out for incomes above $250,000.

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by donc View Post
    you did post this in post #1196 didn't you?Note the bolded part.

    There is a price to run the govt. and that is the budget of the United States. Right now the price being paid by 47% to fund that govt. is ZERO. Is that what you call paying their fair share?


    So if anyone that didn't have a clue(a dittohead perhaps) were to look at your post, they would more than likely believe the **** your shoveling.Just trying to get some truth squeezed in between your BS post.
    Yep, SS and Medicare aren't costs to RUN The govt. Suggest you learn the line items to run the govt.

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