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Thread: House Passes Middle-Class Tax Cut as Dems, GOP Try to Reach Compromise

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    Re: House Passes Middle-Class Tax Cut as Dems, GOP Try to Reach Compromise

    Quote Originally Posted by Z3n View Post
    But damn it man, we're worried about the budget! We dont want this debt incumbent on our future generations? Well, I guess that whole idea but after tax cuts on people who really need them ok? :P
    I’m always amazed at how shrill the sound of the bellowing these newly minted budget hawks sounds.
    Last edited by Donc; 12-02-10 at 11:31 PM.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: House Passes Middle-Class Tax Cut as Dems, GOP Try to Reach Compromise

    Surely you can understand the double standard? Or are you just obtuse?
    Don't tread on me= Don't tread on my corporate masters

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    Re: House Passes Middle-Class Tax Cut as Dems, GOP Try to Reach Compromise

    Quote Originally Posted by Z3n View Post
    I know right? Look at all the millionaires and billionaires that we currently have(absurd amount of income inequality) and look at the employment levels! Rich people create jobs for bank tellers when they slap it in the bank!
    I guess you cannot figure out that people making 250K to 1 million a year are the ones most hurt by the proposed tax increases

    why do people like you hate them so much. Do you get benefits by wanting them punished. Or are you just envious



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    Re: House Passes Middle-Class Tax Cut as Dems, GOP Try to Reach Compromise

    Quote Originally Posted by TurtleDude View Post
    I guess you cannot figure out that people making 250K to 1 million a year are the ones most hurt by the proposed tax increases

    why do people like you hate them so much. Do you get benefits by wanting them punished. Or are you just envious

    Yes. I support the repeal of Bush era tax cuts for people making a million dollars or more. It can help close the budget deficit and its bipartisanship, you know?

    "People" like me? I don't have any particular envy of affluent Americans I just think that everyone needs to do their part?
    Don't tread on me= Don't tread on my corporate masters

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    Re: House Passes Middle-Class Tax Cut as Dems, GOP Try to Reach Compromise

    Quote Originally Posted by Councilman View Post
    Sanity wins out over the biggest tax increase in U.S. History and the tax and Spend dreams of the "Trifecta of Doom."

    What is it about the simple idea that people who make over $250,000 a year are the ones who create the jobs.

    We don't need more taxes we need less spending. But if your a tax and spend Lefty you have a serious lack of mental acuity.
    People over $250K create the jobs? This has to be one of the biggest myths of the century......

    First, we are talking about taxes on personal income, not corporate income. Generally, corporations create jobs (and few pay taxes). The only job creating individuals that you could be talking about are filing as LLC or partners. Lower tax rates to those individuals actually encourage them to take money out of their business RATHER than investing in jobs. With higher tax rates, these persons would beter incented to create the job as it would actually cost them less out of pocket (as they get a tax deduction of the job and a higher tax rate means the tax deduction is worth more.)

    Jobs are not created as a result of changing tax rates... they are created when businesses believe that granting a job will create a ROI rooted in increased sales or lower costs. They are created by demand for a product or service. Anyone that has ever done any investment analysis knows the taxes are no better than a tretiary consideration. I, for one, am a job creator. I started a business in 2009. I have 4 full-time employees and 20 part-time employees. Though I once was in the high tax bracket, my business, as a start-up (and person) will pay zero taxes, as I will lose money for the first 18 months. You can double, triple or half taxes and it makes zero difference to my endeavor, as I am chasing a market. Taxes, right now, are almost completely irrelevant as during my start-up phase I pay ZERO taxes (personally or corporately). Moreover, I will pay zero taxes until I fully recover my investment. So, the higher the tax rate, the better that savings to me as we start making money and recovering our investment (really close, thank you)

    People that think this tax adjustment on the higher incomes will produce jobs either have no clue how business investment actually occurs, or more likely, are just intellectually dishonest. Are you serious about creating incentives for employment? Trying raising the tax rates on individuals earning...say more than $1.0 million to 50%
    Last edited by upsideguy; 12-02-10 at 11:37 PM.

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    Re: House Passes Middle-Class Tax Cut as Dems, GOP Try to Reach Compromise

    Quote Originally Posted by TurtleDude View Post
    I guess you cannot figure out that people making 250K to 1 million a year are the ones most hurt by the proposed tax increases

    why do people like you hate them so much. Do you get benefits by wanting them punished. Or are you just envious
    Punishment, by putting it back to where it was ten years ago?
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: House Passes Middle-Class Tax Cut as Dems, GOP Try to Reach Compromise

    Quote Originally Posted by Councilman View Post
    Sanity wins out over the biggest tax increase in U.S. History and the tax and Spend dreams of the "Trifecta of Doom."

    What is it about the simple idea that people who make over $250,000 a year are the ones who create the jobs.

    We don't need more taxes we need less spending. But if your a tax and spend Lefty you have a serious lack of mental acuity.
    If THAT is the case, then there should be ZERO tax break on the individual. BUUUUT there SHOULD be a tax INCENTIVE for small companies and certain medium-sized businesses!!!!!!!
    CORPORATE GREED AND UNION GREED
    DEMOCRATS AND REPUBLICANS
    DESTROYING THE BEST OF AMERICA ONE DAY AT A TIME

    This is the worst kind of discrimination. The kind against ME! ~ Bender

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    Re: House Passes Middle-Class Tax Cut as Dems, GOP Try to Reach Compromise

    Quote Originally Posted by TurtleDude View Post
    I guess you cannot figure out that people making 250K to 1 million a year are the ones most hurt by the proposed tax increases
    You know you're in a hole when you have to lie to make your position look tenable. Best thing to do in a hole, keep digging.

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    Re: House Passes Middle-Class Tax Cut as Dems, GOP Try to Reach Compromise

    Quote Originally Posted by Deuce View Post
    This bill is entirely symbolic because the GOP will block it in the Senate.

    We'll end up extending the upper class tax cuts and adding billions more to the deficit.
    I hope not, I hope they stay on track and look at after the first of the year. Let the whole damn thing revert back to what it was ten years ago and hang the package in boner and no chin.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: House Passes Middle-Class Tax Cut as Dems, GOP Try to Reach Compromise

    Quote Originally Posted by TurtleDude View Post
    I guess you cannot figure out that people making 250K to 1 million a year are the ones most hurt by the proposed tax increases

    why do people like you hate them so much. Do you get benefits by wanting them punished. Or are you just envious
    ,
    Exactly why they should target $1.0M in income (and raise that rate to 50%).

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