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Thread: Obama to propose $1.5 trillion in new tax revenue

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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by Phys251 View Post
    You just don't get it do you. You think you can bait me into some petty flame-fest with your continued trolling. What those of us watching your behavior realize is that your arguments have NOTHING. Why do you troll? Who knows, but it sure as hell isn't to direct us toward the truth, something you seem to be highly allergic to. Oh, and you haven't answered my question, and oh, I don't except you to, because oh, I don't think you can.



    Stay out of this. I wasn't talking to you. Unless, of course, you want to engage in some actual dialogue.
    I can hardly wait to see some evidence of the truth posted here by a liberal. I give you the non partisan sites that report actual data but instead of verifying my posts you claim I don't provide the truth. I am waiting for you to refute anything I have posted with something other than Op-ed pieces and personal opinions.

    The current budget of the U.S. is 3.7 trillion dollars, FACT, Current Report: Combined Statement of Receipts, Outlays, and Balances of the United States Government (Combined Statement): Publications & Guidance: Financial Management Service
    there are currently 16.2% unemployed and under employed, FACT bls.gov, Top Picks (Most Requested Statistics) : U.S. Bureau of Labor Statistics
    current GDP growth is 1%, FACT, bea.gov, U.S. Department of Commerce. Bureau of Economic Analysis
    Debt of the United states up 4 trillion dollars since Obama took office, FACT, Government - Historical Debt Outstanding Annual

    Now prove those sites aren't the truth and why is it you never post data to back up your point of view?

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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by Phys251 View Post
    Stay out of this. I wasn't talking to you. Unless, of course, you want to engage in some actual dialogue.
    Quote Originally Posted by 1Perry View Post
    I'd be happy to as long as the arguement isn't Waaaaaaaa.
    Moderator's Warning:
    Obama to propose <img .5 trillion in new tax revenueYou two, and every one else, knock this stuff off and stick to the topic
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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by Misterveritis View Post
    I am all for that. The secretary is likely part of that 47% that pay no federal income taxes.
    I know you were just trying to be flipped in your rebuttal, but I think we need to have some perspective on the economics of our day.

    We keep hearing from Republicans that 1% of the top wage earners pay 40% of federal income taxes while 47% of low income households pay no federal income taxes. Folks, hold onto your butts because you're about to be educated...

    According to the latest IRS data:

    Men remain the largest wage earners with a mean income of $75,875/annual and a median income of $57,514. The national mean income level is $69,244; median income is $52,724. (See mean and median income to understand the difference.) The breakdown of mean income by race is as follows:

    Whites = $78,017 (3.9 million wage earners)

    Hispanics = $57,350 (1.09 million wage earners)

    Blacks = $53,702 (780K wage earners)

    The number of households by race earning $250,000 or more is as follows:

    Whites = 399,844

    Hispanics = 457,894

    Blacks = 415,552

    The above figures look pretty good, right? Let's dig alittle deeper into the statistics and see what else we find...

    The 2011 Federal Poverty Level (FPL) (excluding Alaska and Hawaii; they have their own FPL rate): $22,350. Again using the latest IRS data:

    The number of male wage earners with income at or below the FPL: 7.3 million

    The number of senior citizens (65 and older) living at or below the FPL: 2.2 million (See top of linked IRS website below for details)

    The number of single-family homes with at least 4 members in the household at or below the FPL: 582,000

    The number of families at or below the FPL: 6.9 million (See top of linked IRS website for single-family homes above)

    Why are there so many people below age 65 living in poverty today? Lack of skills that would allow wage earners to move up the economic ladder is a primary limiting factor. That problem persists today. Students living in poverty (low-income families) is the primary reason why most can't graduate high school let alone go on to college. Education beyond high school plays a huge role in uplifting students and families out of poverty. Per the latest Dept. of Education statistics:

    Number of minority students living in poverty (Blacks, Hispanics, Native American, Other):

    FY2008: 40% (471,898)
    FY2009: 41% (538,249)

    Note: Refer to page 40, fig. 2.1 of linked DoE report for details

    Now, let's look at some positive education numbers:

    Percentage of Black high school grads (HSG):

    FY2008 Target Grads: 85.5%
    FY2008 Actual Grads: 86.9% (+1.4% over target)

    FY2009 Target Grads: 85.8%
    FY2010 Target Grads: 86%

    Percentage of Hispanic high school grads:

    FY2008 Target Grads: 70.3%
    FY2008 Actual Grads: 75.5 (+5.2% over target)

    FY2009 Target Grads: 70.6%
    FY2010 Target Grads: 71%

    Note: Refer to page 37, fig. 1.6 of linked DoE report. Actual figures for FY2009 and FY2010 grad rates were due out in July, 2011 but have yet to be reported.

    Percentage of Black college graduates from historically Black colleges/universities (HBCUs):

    FY2008 Target Grads: 39%
    FY2008 Actual Grads: 35%

    FY2009 Target Grads: 40%
    FY2009 Actual Grads: 34%

    FY2010 Target Grads: 40%

    Percentage of Hispanice college graduates from traditional Hispanic colleges/universities:

    FY2008 Target Grads: 37%
    FY2008 Actual Grads: 42%

    FY2009 Target Grads: 44%
    FY2009 Actual Grads: 42%

    FY2010 Target Grads: 45%

    Note: Refer to page 46, fig. 3.1 of linked DoE report. Actual figures for FY2010 college grads due out in Dec, 2011.
    Last edited by Objective Voice; 09-21-11 at 06:01 PM.

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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by Gill View Post
    I hate to break this to you, but my post was one of the few addressing the thread title. YOU are the one changing the subject.
    I hate to break this to you, but this thread isn't about the 2009 stimulus bill.

    Nice try though
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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by teamosil View Post
    We already give a smaller percentage of our GDP in foreign aid of any first world country:

    Attachment 67115902

    That's only $18 billion. We can't possibly go lower than that. We ought to be aiming at, at least, coming in in the middle of the pack. We signed a commitment once that we would give 0.7% minimum, but here we are dragging up the rear at 0.13%... Pretty embarrassing for us IMO.
    Thanks for the reply. The main issue is we cannot keep spending like we have even with increased revenue. I would prefer to take care of our own first than some other country.
    Its only 18B. , but each small program adds up. That statement is what gets us into trouble. its only $x.
    Last edited by mike2810; 09-21-11 at 08:01 PM.
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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by mike2810 View Post
    Thanks for the reply. The main issue is we cannot keep spending like we have even with increased revenue. I would prefer to take care of our own first than some other country.
    Its only 18B. , but each small program adds up. That statement is what gets us into trouble. its only $x.
    What is 18% of our 15 TRILLION GDP? Why in the world would anyone look at percentage instead of dollars in determining Foreign Aid expenditures?

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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by mike2810 View Post
    Thanks for the reply. The main issue is we cannot keep spending like we have even with increased revenue. I would prefer to take care of our own first than some other country.
    Its only 18B. , but each small program adds up. That statement is what gets us into trouble. its only $x.
    If you're looking for ways to spend less abroad, why not look at the military instead? We spend about 100 times as much on that.

    IMO 0.13% seems below even the bare minimum we can do and respect ourselves. The bible says you should give 10%. Can't we at least hit 1%? Just seems like decency requires it. There are people around the world that starve to death every day for want of the cost of a cup of coffee and who really have no options for saving themselves on their own at all. I really can't see how we can't get the jumbo size instead of the super jumbo size every once in a while and save a bunch of lives...

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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by Conservative View Post
    What is 18% of our 15 TRILLION GDP? Why in the world would anyone look at percentage instead of dollars in determining Foreign Aid expenditures?
    What the hell are you talking about now? It is $18b. 0.13% of our GDP... It's hard for me to imagine how somebody could be so out of touch as to actually think that we spend 18% of our GDP on foreign aid... Given that you had such a radical misconception about things, does learning that you were so insanely far off change your view of things? Or is your view totally independent from factual reality?
    Last edited by teamosil; 09-21-11 at 08:34 PM.

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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by teamosil View Post
    What the hell are you talking about now? It is $18b. 0.13% of our GDP...
    Foreign aid is 45 billion in the 2010 budget so the question is what country spends more and why is percentage of GDP relevant to you?

    Last five years foreign aid from the U.S. treasury dept

    International Affairs 45.2 38.6 28.9 28.5 29.5
    Last edited by Conservative; 09-21-11 at 08:34 PM.

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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by Conservative View Post
    Foreign aid is 45 billion in the 2010 budget so the question is what country spends more and why is percentage of GDP relevant to you?

    Last five years foreign aid from the U.S. treasury dept

    International Affairs 45.2 38.6 28.9 28.5 29.5
    International affairs? That isn't foreign aid...

    Regardless, again, 5 minutes ago you apparently thought we spent around $3 TRILLION on foreign aid... More than the entire federal budget... Now that you know how crazy that was, how does that change your view of the world and the government? It must change it radically, right?
    Last edited by teamosil; 09-21-11 at 08:48 PM.

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