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Thread: Showdown over Bush tax cuts Wednesday

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    Re: Showdown over Bush tax cuts Wednesday

    Quote Originally Posted by winston53660 View Post
    I was fortunate to go to both


    the stuff you displayed showed a strong combination of training and talent

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    Re: Showdown over Bush tax cuts Wednesday

    Quote Originally Posted by TurtleDude View Post
    the stuff you displayed showed a strong combination of training and talent

    Thanxs I'm finally putting myself back into the market after all this heart failure stuff.

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    Re: Showdown over Bush tax cuts Wednesday

    Quote Originally Posted by TurtleDude View Post
    given the top 10% pay 70% of the taxes relevant to the "Bush tax cuts" how could it possibly be otherwise?
    As everyone but you seems to be aware, FIT only represent 42% of the federal governments revenues:

    What are the federal government's sources of revenue?



    "Accounting for all federal taxes, the top 1 percent paid 37 percent of their total income (including capital gains) to taxation in 1979. By 2006, that number had dropped to 31.2 percent. The rest of the country also saw a drop in their total effective federal tax rate, but not as large. And over the same time period, the share of all income in the nation going to the top 1 percent increased from 9.96 percent to 22.82 percent."

    "In other words, while the total effective federal tax rate on the richest Americans fell nearly 6 percentage points, their share of overall national income jumped more than 12 percentage points. During this same time period, the top 1 percent’s average income increased more than 250 percent, while the average income for the bottom 90 percent increased less than 75 percent. Meanwhile, the top 10 percent saw their total federal tax rate fall over 2 percentage points, while their share of income rose 15 percentage points. This is not how the numbers would stack up if the taxes required of the rich were keeping pace with the gains they’ve enjoyed in the American economy."


    REPORT: How The Right-Wing Uses Misleading Numbers To Claim The Rich Are Unfairly Taxed | ThinkProgress
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  4. #164
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    Re: Showdown over Bush tax cuts Wednesday

    Quote Originally Posted by Catawba View Post
    As everyone but you seems to be aware, FIT only represent 42% of the federal governments revenues:

    What are the federal government's sources of revenue?



    "Accounting for all federal taxes, the top 1 percent paid 37 percent of their total income (including capital gains) to taxation in 1979. By 2006, that number had dropped to 31.2 percent. The rest of the country also saw a drop in their total effective federal tax rate, but not as large. And over the same time period, the share of all income in the nation going to the top 1 percent increased from 9.96 percent to 22.82 percent."

    "In other words, while the total effective federal tax rate on the richest Americans fell nearly 6 percentage points, their share of overall national income jumped more than 12 percentage points. During this same time period, the top 1 percent’s average income increased more than 250 percent, while the average income for the bottom 90 percent increased less than 75 percent. Meanwhile, the top 10 percent saw their total federal tax rate fall over 2 percentage points, while their share of income rose 15 percentage points. This is not how the numbers would stack up if the taxes required of the rich were keeping pace with the gains they’ve enjoyed in the American economy."


    REPORT: How The Right-Wing Uses Misleading Numbers To Claim The Rich Are Unfairly Taxed | ThinkProgress
    massive fail on your part (as usual when it comes to taxes)

    the Bush tax cut involved the FIT

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    Re: Showdown over Bush tax cuts Wednesday

    Quote Originally Posted by beerftw View Post
    i did and they made me laugh,and the new york times article said they cant post how they achieved their conclusion.
    Thanks for your unsubstantiated far right opinion anonymous internet dude! I will have to go with the the study, by the nonpartisan Congressional Budget Office I referenced above.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Showdown over Bush tax cuts Wednesday

    Quote Originally Posted by TurtleDude View Post
    massive fail on your part (as usual when it comes to taxes)
    Where is your evidence that FIT makes up more than 42% of federal taxes? You forgot to provide your proof before your victory dance turtledude.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Showdown over Bush tax cuts Wednesday

    Quote Originally Posted by Catawba View Post
    Where is your evidence that FIT makes up more than 42% of federal taxes? You forgot to provide your proof before your victory dance turtledude.
    your idiotic posts whine that the rich benefited the most from the BUSH tax cuts

    those tax cuts involved the FEDERAL INCOME TAX

    the richest 10% pay 70% of the FEDERAL INCOME TAX

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    Re: Showdown over Bush tax cuts Wednesday

    Quote Originally Posted by TurtleDude View Post
    your idiotic posts whine that the rich benefited the most from the BUSH tax cuts

    those tax cuts involved the FEDERAL INCOME TAX

    the richest 10% pay 70% of the FEDERAL INCOME TAX
    Oh and the rich pay all of the death taxes so they were going to get all of the benefits of that cut

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    Re: Showdown over Bush tax cuts Wednesday

    Quote Originally Posted by TurtleDude View Post
    your idiotic posts whine that the rich benefited the most from the BUSH tax cuts
    A study by the CBO, not me, determined that the rich benefited most from the Bush tax cuts, as documented above.

    If you feel taxation is theft, as you constantly whine, why don't you hire a good lawyer and take your case before the conservative Supreme Court.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Showdown over Bush tax cuts Wednesday

    Quote Originally Posted by TurtleDude View Post
    Oh and the rich pay all of the death taxes so they were going to get all of the benefits of that cut
    Exactly, only the rich have estates to be taxed. Just as those like Romney and Buffett who make most of their income from investments got the biggest benefit from the cut in capital gain taxes.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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