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

  1. #531
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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by minnie616 View Post
    By slicing the top rate on dividends and long-term capital gains from 28 percent to 15 percent the wealthy benefited much more than the small reduction in taxes that was given to the middleclass by lowering the income tax rate on all the income brackets.



    Bush tax cuts helped the rich get richer - Washington Post
    how can you benefit those who pay far less of the taxes? its a stupid comment you made and the CRS is wrong

    the tax code is now MORE PROGRESSIVE-the rich pay MORE OF THE FIT BURDEN AFTER THOSE TAX RATES

    Evil Bush Tax Rates Made Rich Bastards Pay More Taxes! - Hit & Run : Reason.com

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

    Quote Originally Posted by Catawba View Post
    You say it in every post, you call those who expect the rich who have done so well at the expense of SS to repay their debt, moochers, or parasites, etc, etc.
    in other words you lied in the post and have no support for your dishonest claim

  3. #533
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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by TurtleDude View Post
    in other words you lied in the post and have no support for your dishonest claim
    Your famous shell game, if caught red handed, try to refocus attention elsewhere.
    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

  4. #534
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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by Catawba View Post
    Your famous shell game, if caught red handed, try to refocus attention elsewhere.
    NO you lied about what I have said and I merely demanded you cite the post of mine where I said what you claimed. You could not and now you whine it is you who was caught red handed.

    I think SS is a ponzi scheme but I have never said that those who paid it should lose the benefits they paid for

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

    Quote Originally Posted by TurtleDude View Post
    NO you lied about what I have said and I merely demanded you cite the post of mine where I said what you claimed. You could not and now you whine it is you who was caught red handed.

    I think SS is a ponzi scheme but I have never said that those who paid it should lose the benefits they paid for
    Where do you propose the $2.6 trillion dollars comes from to repay SS the money that was taken so the rich could get huge tax breaks without fulfilling their obligation to provide jobs in return?
    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: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by minnie616 View Post
    By slicing the top rate on dividends and long-term capital gains from 28 percent to 15 percent the wealthy benefited much more than the small reduction in taxes that was given to the middleclass by lowering the income tax rate on all the income brackets.



    Bush tax cuts helped the rich get richer - Washington Post
    Why are you still calling them the "Bush tax cuts"?

    Obama Signs Bill To Extend Bush Tax Cuts - Political Hotsheet - CBS News

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

    In the USA:

    In 1983 the top 1% owned 33.8% of the weath and the bottom 80% of the people owned 18.7% of the wealth.
    By 2010 the top 1% owned 35.4% of the wealth and the bottom 80% only owned 11.1%.

    The rich are getting richer and the bottom 80% are getting poorer.
    The Wealth Distribution

    In the United States, wealth is highly concentrated in a relatively few hands. As of 2010, the top 1% of households (the upper class) owned 35.4% of all privately held wealth, and the next 19% (the managerial, professional, and small business stratum) had 53.5%, which means that just 20% of the people owned a remarkable 89%, leaving only 11% of the wealth for the bottom 80% (wage and salary workers).

    In terms of financial wealth (total net worth minus the value of one's home), the top 1% of households had an even greater share: 42.1%. Table 1 and Figure 1 present further details, drawn from the careful work of economist Edward N. Wolff at New York University (2012).
    Who Rules America: Wealth, Income, and Power
    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.

  8. #538
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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by Grant View Post
    Why are you still calling them the "Bush tax cuts"?

    Obama Signs Bill To Extend Bush Tax Cuts - Political Hotsheet - CBS News
    It is true that that President Obama signed a bill to extend the "BUSH TAX Cuts"

    Therefore they are still the "BUSH TAX CUTS'" as President Obama just extended them.

    They are still the Bush tax cuts just as Beatle's songs will always be Beatle's songs even if other artists sing them.
    Last edited by minnie616; 12-09-12 at 01:40 AM.
    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.

  9. #539
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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by minnie616 View Post
    They are still the Bush tax cuts just as Beatle's songs will always be Beatle's songs even if other artists sing them.
    Nicely stated.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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

    Quote Originally Posted by minnie616 View Post
    In the USA:

    In 1983 the top 1% owned 33.8% of the weath and the bottom 80% of the people owned 18.7% of the wealth.
    By 2010 the top 1% owned 35.4% of the wealth and the bottom 80% only owned 11.1%.

    The rich are getting richer and the bottom 80% are getting poorer.


    Who Rules America: Wealth, Income, and Power
    Of course. As government grows so the middle class shrinks.

    Big government is hugely expensive and inevitably unaffordable as it keeps growing. Given that the country is $16,000,000,000,000 in debt and obligated for about $75,000,000,000,000 more, who do you think is going to pay for it?

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