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Thread: Romney reveals he pays about 15% in taxes(edited)

  1. #951
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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by Catawba View Post
    Over the last 30 years tax rates for the middle class were increased and tax rates for the rich were cut, this was called supply side economics.
    Can you source:
    …30 years tax rates for the middle class were increased.
    …this was called supply side economics

    …or are these opinions?

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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by Centinel View Post
    No, I mean placing more of what were once private individual concerns and responsibilities in the hands of the government, and worse yet a distant, centralized, corrupt federal government.
    No one is proposing anything more extreme than the 90s. What did you find so horrible about the 90's?
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by Catawba View Post
    No one is proposing anything more extreme than the 90s. What did you find so horrible about the 90's?
    I was referring to the tendency of leftists to use the government, especially the distant, centralized, federal government to exert control over others. I was not specifically referring to your desired tax hikes.

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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by haymarket View Post
    I have clearly stated that ALL people with income should have five points added to the bracket that they are now in. You cannot get more egalitarian than that.

    I would be in favor of abolishing all estate taxes. All we have to do is to follow the advice I have been giving for a long time now, consider all money going into a persons pocket as income and apply the proper bracket accordingly. If we did that, we have no reason to have special estate taxes.
    uh someone paying 5% vs someone paying 40% is hardly egalitarian. and your system does not prevent your dem leaders from pandering to those paying 5% by promising them stuff paid for by increasing that 40% bracket even more. Its not a transaction to inherit money anymore than a gift is.

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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by Catawba View Post
    No one is proposing anything more extreme than the 90s. What did you find so horrible about the 90's?
    do you plan on creating another huge dot com bubble so those who were taxed too much had additional incomes?

    your slavish devotion to the 90s is based on that premise which no one believes can happen again

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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by Dickieboy View Post
    Can you source:
    …30 years tax rates for the middle class were increased.
    …this was called supply side economics

    …or are these opinions?
    He's making stuff up. the middle class reaped massive income tax cuts too

  7. #957
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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by Catawba View Post
    Because I know enough about economics to know that making spending cuts when the private market is not producing makes a recession worse.

    Over the last 30 years tax rates for the middle class were increased and tax rates for the rich were cut, this was called supply side economics. The theory was this would produce more jobs.

    We now know this did not happen, and only made the rich richer and more of the middle class poor.

    So, there is simply no reason to support the tax cuts for the rich any longer.
    I always get a chuckle from those who claim to understand economics-so many of them have not been able to apply that supposed knowledge to their own financial situation.

    You pretend that the current rates are tax cuts when in reality they are normalizing the clinton Tax HIKES

    the income tax was supposed to be temporary when enacted so its fair to say that anything other than no income taxes are tax hikes

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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by Dickieboy View Post
    Not quite, supply side economics argues reducing the tax rates on EVERYBODY not just the rich.

    "Supply-side economics is better known to some as "Reaganomics", or the "trickle-down" policy espoused by former U.S. president Ronald Reagan. He popularized the controversial idea that greater tax cuts for investors and entrepreneurs provide incentives to save and invest and produce economic benefits that trickle down into the overall economy."

    Read more: Understanding Supply-Side Economics


    Coincidently the Democrats are against section 199, ‘Domestic manufacturing tax deduction’, of the tax code which is argued to promote DOMESTIC manufacturing thus promoting outsoucing…

    Section 199 is just another attempt of the failed Reaganomics, giving tax cuts to rich companies without any requirements for job creation. Been there, done that, for the last 30 years. No thanks! Where are the jobs the last 10 years of tax cuts to the rich were supposed to create???





    Maybe you misread the quote. It said ‘it will not help’ not ‘will not be enough’. See the difference?
    Maybe you missed that was the opinion of just one of the people surveyed. The Great majority agree with Obama's plan to tax the rich more.



    A poll of ‘global’ investors is legitimate when considering US DOMESTIC economic policy? Is their agenda aligned with ours?
    A majority of Americans agree with the majority of Global investors:

    23 Polls Say People Support Higher Taxes to Reduce the Deficit
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Romney's tax rate is only half as high as the middle class pays

    Catawba side economics has been a rousing success in places like Greece and California

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    Re: Romney reveals he pays about 15% in taxes(edited)

    a majority of people want others to pay more taxes to clean up the mess those respondents helped create

    call me shocked!!!

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