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Thread: More Democrats break with Obama on tax cuts

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Boo Radley View Post
    That would help, but remember:

    Even if the discussion is restricted to federal taxes (for which the statistics are better), a vast majority of households end up paying federal taxes. Congressional Budget Office data suggests that, at most, about 10 percent of all households pay no net federal taxes. The number 10 is obviously a lot smaller than 47.
    First time I have heard that 10% figure quoted. I agree quite different than the 47%. I would like to see how each of these numbers are calculated.

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Boo Radley View Post
    It's not new. We're not following suit, we've nearly always had some form of a progressive tax. Again, as most countries always have had. And no one has made any claim about redistributing anything. This is just more of the old unoriginal scare tactic your side is using right now. Don't confuse it with fact.

    So if everyone is jumping off a bridge, should we?

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by washunut View Post
    First time I have heard that 10% figure quoted. I agree quite different than the 47%. I would like to see how each of these numbers are calculated.
    I believe there are two issues here, one is Federal Income taxes which the IRS states 47% of the income earners have enough deductions not to pay any Federal Income Tax and total Federal income taxes which includes SS and Medicare that 10% of the income earners are not paying into and thus have no Federal Tax liability at all.

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by j-mac View Post
    So if everyone is jumping off a bridge, should we?

    j-mac

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by j-mac View Post
    So if everyone is jumping off a bridge, should we?

    j-mac
    Don't be silly. But we aren't following anyone. We've been doing this mostly all along in some form. in thwe 1860's we had a progressive tax to pay for the awar, getting more from those who made more for example. Again, it isn't new and is part of our history.

    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: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Boo Radley View Post
    Don't be silly. But we aren't following anyone. We've been doing this mostly all along in some form. in thwe 1860's we had a progressive tax to pay for the awar, getting more from those who made more for example. Again, it isn't new and is part of our history.
    We have never had debt this high and approaching the total of our GDP. We have never had as radical of a President and Congress as we had the last two years. We have never had any Aministration prior to this one trying to implement the European Socialist model in this country. So Boo, it isn't the same now at all and the European Tax rates aren't that far away because this Administration will never cut spending and its attempts at wealth redistribution.

    We have an angry Community Agitator in the WH and the only ones supporting him are the angry people who think anyone that has more than they have are the real problems in this country.

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Conservative View Post
    We have never had debt this high and approaching the total of our GDP. We have never had as radical of a President and Congress as we had the last two years. We have never had any Aministration prior to this one trying to implement the European Socialist model in this country. So Boo, it isn't the same now at all and the European Tax rates aren't that far away because this Administration will never cut spending and its attempts at wealth redistribution.

    We have an angry Community Agitator in the WH and the only ones supporting him are the angry people who think anyone that has more than they have are the real problems in this country.
    yet, you don't want to pay for the debt and are complaining that merely going back to rate we had before is too much of a burden. God forbid someone propose that we go to the highest rates we've paid in the past. That might cause a heart attack of something.


    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: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Boo Radley View Post
    yet, you don't want to pay for the debt and are complaining that merely going back to rate we had before is too much of a burden. God forbid someone propose that we go to the highest rates we've paid in the past. That might cause a heart attack of something.

    Why is it always about revenue going to the Federal govt. for you? Why is it that you never address spending and the waste, fraud, and abuse in that spending? we have 16 million plus unemployed in this country and raising taxes isn't going to make these people taxpayers again.

    You just don't seem to get it. If tax rates go up, the rich are going to pay it but they are going to offset that increase by moving operations to lower tax states and that hurts state revenue making it a disaster. here is a good example

    Caterpillar to build excavator plant in Texas | Chicago Breaking Business

    How is the state of Illinois going to make up for the lost revenue that was generated from those jobs? Raise the Federal Tax rate and you are going to see more businesses move to lower tax states. TX is open for business and welcomes those new businesses and the jobs they bring to the state

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Conservative View Post
    Why is it always about revenue going to the Federal govt. for you? Why is it that you never address spending and the waste, fraud, and abuse in that spending? we have 16 million plus unemployed in this country and raising taxes isn't going to make these people taxpayers again.

    You just don't seem to get it. If tax rates go up, the rich are going to pay it but they are going to offset that increase by moving operations to lower tax states and that hurts state revenue making it a disaster. here is a good example

    Caterpillar to build excavator plant in Texas | Chicago Breaking Business

    How is the state of Illinois going to make up for the lost revenue that was generated from those jobs? Raise the Federal Tax rate and you are going to see more businesses move to lower tax states. TX is open for business and welcomes those new businesses and the jobs they bring to the state
    Becasue it is a strawman. No one is arguing for waste and fraud. Until someone does, there is no debate one it.

    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: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Boo Radley View Post
    Becasue it is a strawman. No one is arguing for waste and fraud. Until someone does, there is no debate one it.
    So as long as there is waste, fraud, and abuse of our revenue going to the Federal Govt, you support sending more revenue to the Federal Govt. so they can waste more? Wonder if this makes any sense to others?

    Why would anyone support sending more money to the Federal Govt. to waste? That is true liberalism

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