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Thread: Obama to call for new tax increases in State of the Union address

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by Conservative View Post
    Cutting half the military would make China and Russia the strongest in the world, guess that doesn't bother you but you still don't get it and never will, cutting the military in half, cutting Transportation will do nothing about the 18.2 trillion dollar debt

    I am responding to your posts and it is obvious to me that you have no idea what you are talking about.
    this comment wasn't worth reposting again to begin with, let alone on the same page of the thread.

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by Sietske22 View Post
    I thought we put balance back into the tax code by raising income taxes on the wealthy back to 39.6% and by putting additional incomes taxes on them into the ACA.
    Oh that's not nearly enough for the far left "progressives".... until it's 75% again (circa 1968), they won't be happy. Hell they'd like it to be 91% circa 1950. Progressive indeed....
    Historical Individual Income Tax Parameters

    OWS baby!
    “I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on what’s being proposed here, he’d agree with it. He would agree that the First Amendment cannot be absolute.” - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by Sietske22 View Post
    I thought we put balance back into the tax code by raising income taxes on the wealthy back to 39.6% and by putting additional incomes taxes on them into the ACA.
    Taxes on the wealthy have been way down since Ronald Reagan and capital gains has become the new game in town. So incomes and rates have been horrible shape and worsened by loopholes. The poorer people and the lines of the middle class cannot afford such loopholes, so while percentages may say that they are up, real taxes paid by the wealthy have been way down for a generation now. What this tells us is that the corporate expansion through war that our government has been waging since the 50's is being shouldered by the middle class.
    “The people do no want virtue; but they are the dupes of pretended patriots” : Elbridge Gerry of Mass; Constitutional Convention 1787

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by SlevinKelevra View Post
    says the guy who just conflated debts and deficits?

    Wow.
    Bold strategy, Cotton.
    Debt comes from deficits and Obama has had 7.6 trillion in deficits added to the debt. Cutting the military and transportation will do nothing to address the 18.2 trillion in debt and that is what we pay debt service on

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by Conservative View Post
    LOL, fair share? Who defines what is a fair share for you to pay? Liberals love talking fairness as long as someone else pays for it. The military is the only sole responsibility of the Federal Govt and has given you the right to make a fool of yourself by saying what you want to say when you want to say it. I would say that is a pretty good return on investment
    Where ever do you find such BS? The military is the sole responsibility of the government you say? Who pays for the military?
    “The people do no want virtue; but they are the dupes of pretended patriots” : Elbridge Gerry of Mass; Constitutional Convention 1787

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by Sietske22 View Post
    I thought we put balance back into the tax code by raising income taxes on the wealthy back to 39.6% and by putting additional incomes taxes on them into the ACA.
    I think that depends on your point of view, and we probably haven't yet see the full effect of that.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by Ockham View Post
    Oh that's not nearly enough for the far left "progressives".... until it's 75% again (circa 1968), they won't be happy. Hell they'd like it to be 91% circa 1950. Progressive indeed....
    Historical Individual Income Tax Parameters

    OWS baby!
    back when real income of all quintiles experienced upward growth? A terrible idea indeed.

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by Ockham View Post
    Oh that's not nearly enough for the far left "progressives".... until it's 75% again (circa 1968), they won't be happy. Hell they'd like it to be 91% circa 1950. Progressive indeed....
    Historical Individual Income Tax Parameters

    OWS baby!
    Once the take home incomes of all income classes are growing by about the same amount, I will be happy with the progressivity of our income tax system.

    Of course I'm not a progressive though.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by SlevinKelevra View Post
    had to dig this one back up. Too funny

    Do you realize that when Reagan took office the GDP was 2.8 trillion dollars and using percentage ignores the base. When Reagan left office it was 5.6 trillion dollars or double. The higher the base the lower the percentage is going to be except with liberalism as there never is enough spending on the part of the Federal Govt.

    Spending by Reagan generated a 1.7 trillion dollar debt that would be 3.5 trillion today in 8 years and he created 17 million jobs, got a 60% increase in FIT revenue, and gave Congress the money that THEY spent. Military spending wasn't what you think it was then

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by Conservative View Post
    Debt comes from deficits and Obama has had 7.6 trillion in deficits added to the debt. Cutting the military and transportation will do nothing to address the 18.2 trillion in debt and that is what we pay debt service on
    Enjoy moving your goalposts to cover your mistake(s).

    With that said, IF ONLY Obummer had tripled our debt like St Ronald... can you imagine ?

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