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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 Cole View Post
    Valid question. The tax rate for the highest earners is scheduled to rise from 35% to 39%. How high do you think it should go? Got any limit in mind for just how high of a rate those evil bastards should have to pay? 50%? 70%? 100%...?


    .
    How about the rate it was prior to the time it was passed By A Single Vote....Cheneys.
    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
    why? it is unfair and allows the dems to buy the votes of people like you
    If you make more, you should pay more in taxes. If you think that that disincentivizes someone to not as work hard and earn a nice buck, than you are more than welcome to take a minimum wage job and pay 'less taxes'
    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 donc View Post
    How about the rate it was prior to the time it was passed By A Single Vote....Cheneys.
    Really not asking for a "how about". What do you (or any others if favor of raising taxes on the highest earners) think is the correct number? What rate do you think is the fair contribution from the those folks? Is 39% enough...?




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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
    If you make more, you should pay more in taxes. If you think that that disincentivizes someone to not as work hard and earn a nice buck, than you are more than welcome to take a minimum wage job and pay 'less taxes'
    why? I don't pay more for a car than you do. I don't use as many government services as you probably do.

    so tell me why I should pay more if I don't use more

    and a flat tax would still mean I pay much more than you

    but it also means you cannot elect people who will raise my taxes without raising yours as well



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

    Quote Originally Posted by Cole View Post
    Really not asking for a "how about". What do you (or any others if favor of raising taxes on the highest earners) think is the correct number? What rate do you think is the fair contribution from the those folks? Is 39% enough...?
    .
    How about a rate that had an average growth of 4.0 percent per year for the eight years of his Presidency; That seen The economy grow for 116 consecutive months, the most in history. Created more than 22.5 million jobs.The cherry on top of this pie was,it was the first federal budget surplus since 1969.


    This was accomplished in spite of republicans in congress saying that the tax increase would only make matters worse.Kinda sounds like the same song, different verse doesn’t it?

    Yes, I believe that a tax rate of 39.6% that we had during the 1990'swould do the job.
    Last edited by Donc; 12-03-10 at 01:47 AM.
    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

    This back and forth that everyone has over tax cuts/hikes however you want to say it bores me and it is like watching the newest 3 Star Wars movies--you know what is going to happen and you just keep watching like maybe it will magically not happen. This is what will happen:

    All Bush tax cuts will get a year extension, then the ones on the 250k+ will revert back to pre-Bush era, everyone elses will stay the same. Why do people talk about this though like they aren't sure this will happen?

    About 2 presidents from now they will likely add in a new tax bracket or two as well. That part though is just me guessing.
    "We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and that’s crazy." -Reagan

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

    Quote Originally Posted by EnigmaO01 View Post
    You told me you're a civil trial lawyer or is that not your career de jour today?

    I run two businesses. I'm a capitalist but no overpaid.
    "career de jour today" is redundant

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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
    Wealthy people don't create jobs just because they have the money to do it. Why is that so hard for conservatives to understand?

    If demand is not sufficient to justify a new hire, there isn't going to be a new hire even if the tax rates are 0%.
    Its actually both. If they have no money to hire, they're not going to, but at the same time they can have money, but not see any real justifiable reason to hire.

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

    Quote Originally Posted by danarhea View Post
    You know, the Republicans are in the wrong here, and so are the Democrats. I am going to take an extremely unpopular position, but at least it will be an honest one.

    The budget needs to be balanced. That means no tax cuts for the wealthy, no tax cuts for the middle class, and no tax cuts for the poor. No tax cuts at all, but a tax increase instead. We are not going to be able to spend our way out of this one, and although spending decreases will help, it won't be enough. We will also have to raise taxes, if we are going to have any hope of balancing the budget, and once again living within our means. To do otherwise is going to be economic suicide.
    You know what, I have no problem with this in theory. I've said before, I support a situation where we institute a 2% national sales tax on all non-food related items where the money is used for nothing but paying down the debt.

    As I said with the federal employee pay freeze, I will HAPPILY sacrifice a bit of my money to get control of the defecit and debt. That is, IF the Congress actually does their part as well. Sadly, after freezing federal employee pay because they need to save money they turn around and try to pass a multi-billion dollar government expansion bill with the recent school lunch legislation. Don't give me this hogwash of needing to get the deficit under control and thus people need to sacrifice and give more money to the government when the governmetns showing its going to simply use it to spend more and more money frivolously.

    As I've said before...tie a temporary tax increase to spending DECREASES. Make it so that if congress doesn't decrease the budget each year by 3% after adjusting for inflation then the temporary tax is null and void for the following year. That way, if CONGRESS is serious about it then the American People will be serious about financing our debt correction. However, if Congress can't stop their binge spending and irresponsability then they're not going to get to just use the American People as a seemingly unending piggy bank built on guilt

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

    Quote Originally Posted by donc View Post
    How about the rate it was prior to the time it was passed By A Single Vote....Cheneys.
    First, it was passed by 51 votes, not 50. Its dishonesty in your attempt to seemingly imply that somehow Cheney alone caused this to occur.

    Second, exactly why is it so fair, just, and right that the "Rich" pay the same price they were paying prior to the Bush Tax Cuts however apparently everyone else should get the benefits of it.

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