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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 upsideguy View Post
    Actually higher tax rates actually promote charitable contributions. As taxes increase, the value of the deduction increases. People have higher motivation to give to the charity of their choice rather than give money to the government.
    Used to be the case because charitable giving was totally tax deductable, now too much documentation required and that has hurt contributions during high tax periods.

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

    Quote Originally Posted by CaptainCourtesy View Post
    I agree with you. I suppose this easily torpedo's turtle's overgeneralized statement about liberals. Then again, torpedoing overgeneralized statements is always pretty easy.
    the fact that the obama administration has called for cut backs in tax deductions for charitable contributions is a far stronger support for my claim than someone who claims to be a liberal on a board like this

    Obama's Plan to Reduce Charitable Deductions for the Wealthy Draws Criticism - Today's News - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas


    President Obama proposed limiting the value of the tax break for itemized deductions, including donations to charity, to 28 percent for families making more than $250,000. In other words, taxpayers would save 28 cents on their federal income taxes for each dollar donated.

    That would reduce by as much as 20 percent the amount wealthy taxpayers could get in tax breaks. Under the current system, taxpayers who are in the 33 percent or 35 percent tax brackets use that rate to claim deductions.



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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
    the fact that the obama administration has called for cut backs in tax deductions for charitable contributions is a far stronger support for my claim than someone who claims to be a liberal on a board like this

    Obama's Plan to Reduce Charitable Deductions for the Wealthy Draws Criticism - Today's News - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas


    President Obama proposed limiting the value of the tax break for itemized deductions, including donations to charity, to 28 percent for families making more than $250,000. In other words, taxpayers would save 28 cents on their federal income taxes for each dollar donated.

    That would reduce by as much as 20 percent the amount wealthy taxpayers could get in tax breaks. Under the current system, taxpayers who are in the 33 percent or 35 percent tax brackets use that rate to claim deductions.
    So, it might be a good idea to qualify your statements to limit them to what Obama and folks on Capital Hill think. I disagree with Obama's plan. Though I do not believe that charity is the ultimate answer, government should NEVER dissaude charitible donations, and cutting deductions do just that. Painting it as a general liberal agenda makes no sense.
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    Quote Originally Posted by Wiseone View Post
    This is what I hate about politics the most, it turns people in snobbish egotistical self righteous dicks who allow their political beliefs, partisan attitudes, and 'us vs. them' mentality, to force them to deny reality.

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    You can't paint everone with the same brush.......It does not work tht way.


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    See with you around Captain we don't even have to make arguments, as you already know everything .
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    Re: House Passes Middle-Class Tax Cut as Dems, GOP Try to Reach Compromise

    Quote Originally Posted by pbrauer View Post
    And Bush handed Obama with a much deeper recession.
    Just like it's stupid to blame Obama for this recession, it was stupid to blame Bush for the 9/11-dotcom recession. Yet you continue to do one while decrying the other.
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

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

    Quote Originally Posted by CaptainCourtesy View Post
    So, it might be a good idea to qualify your statements to limit them to what Obama and folks on Capital Hill think. I disagree with Obama's plan. Though I do not believe that charity is the ultimate answer, government should NEVER dissaude charitible donations, and cutting deductions do just that. Painting it as a general liberal agenda makes no sense.
    So do you believe it is the natioal taxpayer's responsibility to give money to a bureaucrat in D.C. to spend on solving a problem in Boise, Idaho? What seems to be at conflict here is the role of the Federal Govt. vs. the role of the state and local communities. Some want that large central govt. whereas I want a smaller central govt. with responsibility back where it belongs, the state and local communities. I don't understand how anyone can expect effecient use of taxpayer dollars on local social issues.

    Also what a lot of people don't understand is that the National Taxpayer is paying for the unemployment extensions in states all over the country instead of letting the states figure out how to solve their own problems. The liberal answer is to raise taxes on the top 2% not realizing that is a drop in the bucket and actually a waste of money.
    Last edited by Conservative; 12-05-10 at 11:07 PM.

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

    Quote Originally Posted by RightinNYC View Post
    Just like it's stupid to blame Obama for this recession, it was stupid to blame Bush for the 9/11-dotcom recession. Yet you continue to do one while decrying the other.
    Couldn't agree more, the problem I have with Obama is the economic plan he put into place to grow jobs and the economy after the recession ended in June 2009. This is now an officially a jobless recovery and that is totally due to the economic policy of Obama that did nothing to promote the private sector. His tax cuts were targeted and came with strings and the rest of his stimulus program was to bailout Democrat constituent groups that were actually state responsibilities.

    Obama didn't cause the 2007-2009 recession but Obama is responsible for implementing policies that led to a jobless recovery.

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

    Quote Originally Posted by Conservative View Post
    So do you believe it is the natioal taxpayer's responsibility to give money to a bureaucrat in D.C. to spend on solving a problem in Boise, Idaho? What seems to be at conflict here is the role of the Federal Govt. vs. the role of the state and local communities. Some want that large central govt. whereas I want a smaller central govt. with responsibility back where it belongs, the state and local communities. I don't understand how anyone can expect effecient use of taxpayer dollars on local social issues.
    I support a strong federal government. A strong centeral government creates more unification of services. I want far more efficiency and I want folks in charge who actually have credentials to make the kinds of decisions that they are making... not people who get the job because of politics.

    Also what a lot of people don't understand is that the National Taxpayer is paying for the unemployment extensions in states all over the country instead of letting the states figure out how to solve their own problems. The liberal answer is to raise taxes on the top 2% not realizing that is a drop in the bucket and actually a waste of money.
    And this has nothing to do with what I posted.
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    Quote Originally Posted by Wiseone View Post
    This is what I hate about politics the most, it turns people in snobbish egotistical self righteous dicks who allow their political beliefs, partisan attitudes, and 'us vs. them' mentality, to force them to deny reality.

    Quote Originally Posted by Navy Pride View Post
    You can't paint everone with the same brush.......It does not work tht way.


    Quote Originally Posted by Wessexman View Post
    See with you around Captain we don't even have to make arguments, as you already know everything .
    Quote Originally Posted by CriticalThought View Post
    Had you been born elsewhere or at a different time you may very well have chosen a different belief system.
    Quote Originally Posted by ernst barkmann View Post
    It a person has faith they dont need to convince another of it, and when a non believer is not interested in listening to the word of the lord, " you shake the dust from your sandels and move on"

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

    Quote Originally Posted by CaptainCourtesy View Post
    I support a strong federal government. A strong centeral government creates more unification of services. I want far more efficiency and I want folks in charge who actually have credentials to make the kinds of decisions that they are making... not people who get the job because of politics.



    And this has nothing to do with what I posted.
    The problem is this country wasn't built on that foundation as we have now 50 or maybe 58 sovereign states if Obama is right which makes a strong central govt. administering social programs impossible. Your comments were about charities and that is what I responded to.

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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
    its the point of a gun. try again
    so now we give the death penalty for non payment of ones income taxes?

    even for you this is really over the top. Perhaps it is caviar overload combined with too much Dom Perignon ?
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    Re: House Passes Middle-Class Tax Cut as Dems, GOP Try to Reach Compromise

    Quote Originally Posted by Conservative View Post
    The problem is this country wasn't built on that foundation as we have now 50 or maybe 58 sovereign states if Obama is right which makes a strong central govt. administering social programs impossible. Your comments were about charities and that is what I responded to.
    I disagree. Administering programs from a strong central government is entirely possible. They keys would be streamlining, efficiency, and organization. Now, things would need to trickle down to the local level, of course.
    "Never fear. Him is here" - Captain Chaos (Dom DeLuise), Cannonball Run

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    Quote Originally Posted by Wiseone View Post
    This is what I hate about politics the most, it turns people in snobbish egotistical self righteous dicks who allow their political beliefs, partisan attitudes, and 'us vs. them' mentality, to force them to deny reality.

    Quote Originally Posted by Navy Pride View Post
    You can't paint everone with the same brush.......It does not work tht way.


    Quote Originally Posted by Wessexman View Post
    See with you around Captain we don't even have to make arguments, as you already know everything .
    Quote Originally Posted by CriticalThought View Post
    Had you been born elsewhere or at a different time you may very well have chosen a different belief system.
    Quote Originally Posted by ernst barkmann View Post
    It a person has faith they dont need to convince another of it, and when a non believer is not interested in listening to the word of the lord, " you shake the dust from your sandels and move on"

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