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Thread: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

  1. #41
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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by Carleen View Post
    6 out 0f 10 americans agree with raising taxes on people who make over 250,00.
    That doesn't mean it's the correct course of action.
    Just out of curiosity, how much do you think will be generated by the increased tax?

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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by keymanjim View Post
    ....
    Just out of curiosity, how much do you think will be generated by the increased tax?
    About $800 billion over a 10 year period.
    When it comes to matters of reproduce health, Politicians and the religious dogma of another faith should never interfere with religious liberty of an individual or her faith.

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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by minnie616 View Post
    About $800 billion over a 10 year period.



    Do you really?

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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by minnie616 View Post
    About $800 billion over a 10 year period.
    So, $80 billion a year.
    What does that do when we see defects in excess of $1 trillion a year? Not much, huh?
    Time to drop the class warfare rhetoric and come up with real solutions. Like cutting spending.

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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by keymanjim View Post
    So, $80 billion a year.
    Dude, that's a static score. That amount is premised on the notion that high income people are high income because they are too stupid to realize that tax rates have gone up, and alter their behavior accordingly.

    It is.... shall we say..... the upper limit of technical possibility (not plausibility) of what you could get.

    In reality, unfortunately, we could hike tax rates all over the place, and still not get more revenue, for the simple enough reason that while groups of people are stupid, individuals looking at their tax forms will be quite focused.


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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    raise them all back to 1990s levels, but phase it in. also, get rid of the SS discount; we really can't afford that. doing these things will make my own finances very tight, but the consequences of doing nothing are much worse.

    alternatively, tax investment income as income at current marginal rates above a certain cap. that seems to be the better solution, because it solves the problem of someone making $250k and paying 39.6 percent while someone making ten times as much might only pay 15 percent or less. SS discount and some other loopholes would still have to go, though.

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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by Helix View Post
    alternatively, tax investment income as income at current marginal rates above a certain cap. that seems to be the better solution, because it solves the problem of someone making $250k and paying 39.6 percent while someone making ten times as much might only pay 15 percent or less. SS discount and some other loopholes would still have to go, though.
    You subsidize what you want more of, and you tax what you want less of. So you are saying we want less investment in America right now? We are filled to the brim with capital, and there are more jobs than people, and gosh we just can't take any more advancement and need to slow down for a bit?

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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by cpwill View Post



    Do you really?
    Ending Bush tax cuts for rich would save about $80 billion in 2013, analysts say

    Ending Bush tax cuts for rich would save about $28 billion in 2013, analysts say - The Washington Post
    When it comes to matters of reproduce health, Politicians and the religious dogma of another faith should never interfere with religious liberty of an individual or her faith.

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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by minnie616 View Post
    Ending Bush tax cuts for rich would save about $80 billion in 2013, analysts say

    Ending Bush tax cuts for rich would save about $28 billion in 2013, analysts say - The Washington Post
    alright, and what model did they use to arrive at that number?

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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Obama will not deal, he doesn't want to deal. If he doesn't deal, he gets everything. He gets tax increases on everyone, not just those millionaires and billionaires that make 250K a year, but EVERYONE. Bush tax cuts gone and the end of the debt ceiling.
    If it sounds like Marx and acts like Stalin...it must be Obama

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