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Thread: Report: 90% Of Americans Face Higher Taxes If Congress Fails To Act On Fiscal Cliff

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    Re: Report: 90% Of Americans Face Higher Taxes If Congress Fails To Act On Fiscal Cli

    Quote Originally Posted by 274ina View Post
    Fine by me.

    it falls on all the rich people as far as I am concerned. (all over $40k are rich)

    Time for the rich to pay up and to not only balance the budget, but to pay DOWN USA debt.

    Attachment 67135557
    I could give a damn whether or not these tax hikes are "fair", 274ina. It is wrong, wrong, wrong to surprise a taxpayer with an end-of-year bill he could not reasonably have expected.

    This is crappy taxation.

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    Re: Report: 90% Of Americans Face Higher Taxes If Congress Fails To Act On Fiscal Cli

    I could care less what HuffPo or Clinton thinks about anything.

    Got any real world links, Prof?

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    Re: Report: 90% Of Americans Face Higher Taxes If Congress Fails To Act On Fiscal Cli


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    Re: Report: 90% Of Americans Face Higher Taxes If Congress Fails To Act On Fiscal Cli

    Quote Originally Posted by Mycroft View Post
    Yep...we don't have any need to stop spending more than a trillion dollars a year that we don't have. Let's just raise taxes on those earning more than $40K (you know...the rich)
    Don't most people, when in a financial crisis, seek to increase their earnings as well as cutting their spending? I don't think many ask their employer to cut their hours as Romney is essentially proposing.

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    Re: Report: 90% Of Americans Face Higher Taxes If Congress Fails To Act On Fiscal Cli

    Quote Originally Posted by Loki97 View Post
    Don't most people, when in a financial crisis, seek to increase their earnings as well as cutting their spending? I don't think many ask their employer to cut their hours as Romney is essentially proposing.
    Your analogy would be appropriate if the only thing he is proposing is to cut tax rates. He isn't.

    Find a more suitable analogy, please.
    TANSTAAFL

    “An armed society is a polite society.”
    ― Robert A. Heinlein, Beyond This Horizon

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    Re: Report: 90% Of Americans Face Higher Taxes If Congress Fails To Act On Fiscal Cli

    Quote Originally Posted by Mycroft View Post
    Your analogy would be appropriate if the only thing he is proposing is to cut tax rates. He isn't.

    Find a more suitable analogy, please.
    The problem is he won't be specific on how he's going to make this revenue neutral. Even if he does it still makes no sense. Now you are taking a part time job to make up for the hours you asked your boss to cut from your regular schedule. It would appear the wealthy aren't concerned enough about the debt to tighten their belts for even a few years and give up what were supposed to be temporary tax cuts to begin with. Somehow when the poor latch onto something that is meant to be temporary and assume it is permanent it's called an entitlement mentality but not when the affluent follow the same pattern.

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    Re: Report: 90% Of Americans Face Higher Taxes If Congress Fails To Act On Fiscal Cli

    I'm ok with my rates going up as long as we return to the 1990s rates across the board. we have to get our deficits under control, we can't get there by cutting alone, and the Bush tax cuts simply haven't delivered for the middle class.

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    Re: Report: 90% Of Americans Face Higher Taxes If Congress Fails To Act On Fiscal Cli

    Quote Originally Posted by Loki97 View Post
    The problem is he won't be specific on how he's going to make this revenue neutral. Even if he does it still makes no sense. Now you are taking a part time job to make up for the hours you asked your boss to cut from your regular schedule. It would appear the wealthy aren't concerned enough about the debt to tighten their belts for even a few years and give up what were supposed to be temporary tax cuts to begin with. Somehow when the poor latch onto something that is meant to be temporary and assume it is permanent it's called an entitlement mentality but not when the affluent follow the same pattern.
    Oh...now you are mentioning temporary tax cuts and whether they should end for the rich. So tell me, do you think they should end for everyone else, as well? Or do you now call these temporary tax cuts for them an entitlement if they are made permanent?

    Myself...I think the Bush tax cuts have been around so long we might as well make the whole thing permanent and start from there with who gets their taxes raised or lowered. Just seems the honest thing to do.
    TANSTAAFL

    “An armed society is a polite society.”
    ― Robert A. Heinlein, Beyond This Horizon

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    Re: Report: 90% Of Americans Face Higher Taxes If Congress Fails To Act On Fiscal Cli

    Quote Originally Posted by Mycroft View Post
    Yep...we don't have any need to stop spending more than a trillion dollars a year that we don't have. Let's just raise taxes on those earning more than $40K (you know...the rich)
    Correct, and once the rich start paying for the MIC, instead of profiting from it, then spending will be cut on Corp welfare and useless MIC. ;-)

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    Re: Report: 90% Of Americans Face Higher Taxes If Congress Fails To Act On Fiscal Cli

    The very and mega rich make $3.125 T per year. (over $200k)

    Tax them 80% average (like France) means $2.5T per year ending the deficit, and paying off debt in 5-10 year........ so much for your "its useless t otax the rich" lies.

    Dividends and CEO's will continue t o be paid, so there will be no reduction in taxes......

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