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Thread: Democrats may stop Bush-era tax cuts for wealthy from expiring

  1. #141
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    Re: Democrats may stop Bush-era tax cuts for wealthy from expiring

    Quote Originally Posted by Scarecrow Akhbar View Post
    The problem is that too many people don't pay any taxes at all, and those people aren't averse to raising taxes on others, and they're not averse to voting for people who promise them even more money for nothing, and they're even eager to vote for politicians who promise to raise the "Earned Income Tax Credit" welfare plan.

    A flat tax that sensibly taxes all Americans at the same rate would go far to removing the ridiculus steal-and-spend programs in place now.
    I have been saying the same for ages. None of the fans of progressive taxes has ever attempted to deal with this point.



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    Re: Democrats may stop Bush-era tax cuts for wealthy from expiring

    In a recession/depression the people must tighten their economic belts so why doesn’t government, eh?
    'The whole universe is going to die!'

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    Re: Democrats may stop Bush-era tax cuts for wealthy from expiring

    Quote Originally Posted by peepnklown View Post
    In a recession/depression the people must tighten their economic belts so why doesn’t government, eh?
    because that would stop the dem overlords from being able to stick their beaks into the gravy trough and the GOP from getting donations by telling those being soaked that the GOP will protect us from the greedy dem looters.



  4. #144
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    Re: Democrats may stop Bush-era tax cuts for wealthy from expiring

    Quote Originally Posted by TurtleDude View Post
    I have been saying the same for ages. None of the fans of progressive taxes has ever attempted to deal with this point.
    We wouldn't be able to support our infrastructure with a flat tax. We could try to privatize more of the upkeep, but that would lead to its own unique set of problems, even if we could get there. And then greed and incompetence would sabotage the effort.

    That's why Americans generally don't reform anything.
    Last edited by Morality Games; 07-25-10 at 01:04 AM.
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    Re: Democrats may stop Bush-era tax cuts for wealthy from expiring

    Quote Originally Posted by Morality Games View Post
    We wouldn't be able to support our infrastructure with a flat tax. We could try to privatize more of the upkeep, but that would lead to its own unique set of problems, even if we could get there. And then greed and incompetence would sabotage the effort.

    That's why Americans generally don't reform anything.
    you do understand the danger of a system where those who want more govenrment spending suffer no consequences or costs for voting for big spenders>? or at least no consequences until the whole shooting match collapses



  6. #146
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    Re: Democrats may stop Bush-era tax cuts for wealthy from expiring

    Quote Originally Posted by stealthy View Post
    Democrats are considering a plan to delay tax hikes on the wealthy for two years because the economic recovery is slow and they fear getting crushed in November’s election.

    It could mean a big reprieve for families earning $250,000 and above annually.

    President George W. Bush’s tax cuts will expire at the end of the year unless Congress acts to delay their sunset.

    Some Democrats are now arguing forcefully that a delay is a win-win plan that would help the federal budget without hurting the economy.

    Democrats may stop Bush-era tax cuts for wealthy from expiring - TheHill.com

    That ought to set some hair on fire. They admit tax cuts help the economy at least.
    LOL... hilarious... now the Republicans should start telling the electorate we should be going back to the Reagan era deal of 28%, the deal that unleashed our economic might when others thought we were cooked (if anyone remembers the Carter years).

    They should also start calling out the Democrats on their class warfare tactics. You know... teach the electorate what they failed to learn in school.

    .
    Last edited by zimmer; 07-26-10 at 12:16 PM.
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    when you have NO MORAL COMPASS.

  7. #147
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    Re: Democrats may stop Bush-era tax cuts for wealthy from expiring

    Quote Originally Posted by TurtleDude View Post
    of course not-to a socialist or someone who constantly whines about the rich

    For those who understand economics and realize the rich already pay too much it makes perfect sense. I sure hope you don't have a rich boss who decides to lay you off when the tax hikes hit--because If I employed someone like you, you'd be the first to get fired as a cut back
    Nice try, pal.... for one, I am the boss. I do the employing. The last time I had a boss, I was involved in a deal that netted my boss mid to upper 8 figures, on which he paid less than 20% in tax. He was not overtaxed, nor did he complain about being overtaxed....

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    Re: Democrats may stop Bush-era tax cuts for wealthy from expiring

    Quote Originally Posted by Scarecrow Akhbar View Post
    The problem is that too many people don't pay any taxes at all, and those people aren't averse to raising taxes on others, and they're not averse to voting for people who promise them even more money for nothing, and they're even eager to vote for politicians who promise to raise the "Earned Income Tax Credit" welfare plan.

    A flat tax that sensibly taxes all Americans at the same rate would go far to removing the ridiculus steal-and-spend programs in place now.
    Wrong. Everyone pays taxes. It is just that not everyone pays income taxes. Lower income people pay a much higher percentage of their income in sales taxes, miscellaneous service taxes and FICA than higher income individuals. If you add up all of your taxes as a function of income you will find only about a 20% point difference between the taxes paid by the upper 10% and those paid by the lower quartile.

    People that somehow think that all of their W-2 (or business profits) is "their money" are fundamentally selfish punks. There are costs and benefits in the maintenance of a society: highways, air traffic control, parks, dams, wars in foreign nations, national defense, the FBI and the basic (basic) safety net we have are not without cost. We all contribute to these costs, its a part of our duty as citizens.

  9. #149
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    Re: Democrats may stop Bush-era tax cuts for wealthy from expiring

    Quote Originally Posted by upsideguy View Post
    People that somehow think that all of their W-2 (or business profits) is "their money" are fundamentally selfish punks.
    Yes... because, really, what you earn isnt really yours -- other people have a perfectly legitimate claim to it.
    After all, you worked for it and they did not.

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    Re: Democrats may stop Bush-era tax cuts for wealthy from expiring

    Quote Originally Posted by Goobieman View Post
    Yes... because, really, what you earn isnt really yours -- other people have a perfectly legitimate claim to it.
    After all, you worked for it and they did not.
    There is a cost of citizenship..... it isn't all yours....

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