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GOP plan to extend tax cuts for rich adds $36 billion

Re: Dem vs Rep Tax Cut Plan in Graph form!

Smoke and Mirrors. There is no way in hades, you can determine someones income by looking at tax data, sorry you just can't. Reason: All that's available is ADJUSTED Gross income (AGI} not Gross Income. We all know that the richer someone is, the more legal ways somebody has to hide their income, don't we?

The table tells you the truth, but you interpreted it wrong when you wrote:

yet a chart was posted showing people who do not pay income taxes getting a tax cut, so talk about smoke and mirrors? What bothers most conservatives is the fact that people like you seem to care more about what someone else makes rather than trying to figure out what to do about an out of control govt. that wastes trillions of tax dollars? Apparently you believe the govt. needs the money more than the taxpayer regardless of the income level and tax rates. that just doesn't make any sense.

We have a consumer generated economy and those rich people that you seem to hate are part of that consumer economy. They spend money just like you and probably more of it. why would you take money out of their pockets to give it to a bloated federal govt? The passion for class warfare should be concerning to all Americans and the appetite for additional govt. spending on the part of people who don't pay any Federal Income taxes should be a concern for all. that is unsustainable.
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

yet a chart was posted showing people who do not pay income taxes getting a tax cut, so talk about smoke and mirrors? What bothers most conservatives is the fact that people like you seem to care more about what someone else makes rather than trying to figure out what to do about an out of control govt. that wastes trillions of tax dollars? Apparently you believe the govt. needs the money more than the taxpayer regardless of the income level and tax rates. that just doesn't make any sense.

We have a consumer generated economy and those rich people that you seem to hate are part of that consumer economy. They spend money just like you and probably more of it. why would you take money out of their pockets to give it to a bloated federal govt? The passion for class warfare should be concerning to all Americans and the appetite for additional govt. spending on the part of people who don't pay any Federal Income taxes should be a concern for all. that is unsustainable.

Where in the hades do you see that I hate rich people or a consumer driven economy? More ad homonyms from you, conservative. You have a pile of them.
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

elaborate texan


Penis Envy is a valid, if crude way to say this. Dems have a small penis, and are jealous of those with bigger penis, so they want a "Big Penis Tax". Or at least they push that out to their voters to get support.
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

Where in the hades do you see that I hate rich people or a consumer driven economy? More ad homonyms from you, conservative. You have a pile of them.

Sorry if that is how your read the post, tell me how the govt. gives tax cuts to people who don't pay income taxes?
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

Sorry if that is how your read the post, tell me how the govt. gives tax cuts to people who don't pay income taxes?

They don't pay income taxes, but they do pay payroll taxes. Do you have a problem giving these folks a break?
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

They don't pay income taxes, but they do pay payroll taxes. Do you have a problem giving these folks a break?

But the Bush tax cuts didn't cut payroll taxes which by the way are SS taxes. You want to cut SS taxes then pay out what when the people retire?
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

They don't pay income taxes, but they do pay payroll taxes. Do you have a problem giving these folks a break?

They don't get their payroll taxes refunded. No one's proposing that they be lowered, either.
 
Smoke and Mirrors. There is no way in hades, you can determine someones income by looking at tax data, sorry you just can't. Reason: All that's available is ADJUSTED Gross income (AGI} not Gross Income. We all know that the richer someone is, the more legal ways somebody has to hide their income, don't we?

I think you're grossly overestimating the availability and utility of what you earlier referred to as "tax shelters." Additionally, if you don't believe we can trust the actual tax data, what do you suggest using as an alternative?

The table tells you the truth, but you interpreted it wrong when you wrote:

Correct, I was imprecise - I meant the top earning 1%.
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

Conservative
Hey, Donc, do you have a 401K?

Sure do, a roth designated 401k after tax account.


If so where are those funds invested?

Various corporations.

Corporations aren't owned by all rich people, most are owned by average American taxpayers including the elderly who have those investments supplementing their SS.

Then why not don’t the corporations check with stockholders prior to contributing to political campaigns?:confused:


As others have posted here the original chart is quite a distortion in that many on that chart don't pay any taxes at all yet for some reason get what is called a tax cut. What it really is, is a transfer of money from the actual taxpayers to those who do not pay taxes.

Show where it’s distorted.


Corporations are a convenient whipping "boy" for the liberal elites who have theirs but ignore those corporations employ people and corporations have people living in the communities that donate to charities and boost their communities

AAaaaa your so precious…what a lovely strawman you have assembled. What’s its name? :mrgreen:
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

Sure do, a roth designated 401k after tax account.

Various corporations.

Then why not don’t the corporations check with stockholders prior to contributing to political campaigns?:confused:

Show where it’s distorted.

AAaaaa your so precious…what a lovely strawman you have assembled. What’s its name? :mrgreen:

So you are invested in those evil corporations that you rail against? Or could it be that you simply broadbrush everything and really do understand that all corporations aren't evil?

The chart is distorted because people who don't pay any income taxes shouldn't get an income tax cut thus the chart should show zero tax cuts. Those that pay the most in taxes will always get the biggest refund and why shouldn't they? Why you do you care what the rich pay in taxes as if giving the govt. more money is a good thing. All this outrage over what rich people pay in taxes but no outrage over the waste, fraud, and abuse of the taxpayers that the govt. does everyday.
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

So you are invested in those evil corporations that you rail against? Or could it be that you simply broadbrush everything and really do understand that all corporations aren't evil?

The chart is distorted because people who don't pay any income taxes shouldn't get an income tax cut thus the chart should show zero tax cuts. Those that pay the most in taxes will always get the biggest refund and why shouldn't they? Why you do you care what the rich pay in taxes as if giving the govt. more money is a good thing. All this outrage over what rich people pay in taxes but no outrage over the waste, fraud, and abuse of the taxpayers that the govt. does everyday.

How did I know that you would pop in this thread when I posted #3? :roll:


Where did you see me “rail against evil corporations “? The chart look pretty straight forward to me; if you make more than 500k if you’re a rep you realize three times the benefits, if you make more than 1 mill its sixteen times the benefits. :confused:
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

How did I know that you would pop in this thread when I posted #3? :roll:


Where did you see me “rail against evil corporations “? The chart look pretty straight forward to me; if you make more than 500k if you’re a rep you realize three times the benefits, if you make more than 1 mill its sixteen times the benefits. :confused:

So what, why do you care?
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

So what, why do you care?


Why do I care? :confused:

Hhmm..lets see, this country has a shrinking middle class that my grandchildren will inherit. This entire winger shrieking and tearing of the cloth about Obama not extending the bush tax cuts is a red herring, all anyone has to do is check history.

Between 1951 and1980 the tax rate was at various times was between 70 and 90%, the nation had a growth rate that averaged 3.7 percent. When the gipper increased what was up to that time was the "largest peacetime tax increase in history (TEFRA) the economy actually picked up after a (gasp) tax increase, of almost 1 percent of GDP.I would like my grandchildren to see a country that has some industry left and a reviving middleclass before they start throwing dirt in my face.

Not a whole lot, just what I had when I was young. :(
 
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Re: Dem vs Rep Tax Cut Plan in Graph form!

Hey Donc, if cutting taxes worked, why did Argentina go belly up rather then expand?

Furthermore, if Austerity measures work, why did every country who took an IMF bailout package get totally screwed?

There's a reason why I know Conservative's positions are foolhardy. Other countries tried them. And utterly failed.
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

Hey Donc, if cutting taxes worked, why did Argentina go belly up rather then expand?

Furthermore, if Austerity measures work, why did every country who took an IMF bailout package get totally screwed?

There's a reason why I know Conservative's positions are foolhardy. Other countries tried them. And utterly failed.

Possibly. But you can also find an example or examples of failure after implementing any other policy, too.
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

Possibly. But you can also find an example or examples of failure after implementing any other policy, too.

While that is true, what Conservative pushes is effectively what Argentina did. And any student of history knows, that didn't go well for them.
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

There was more going on in Argentina than just that. But even so, so what? The point is, what failed in Argentina may not fail elsewhere. Or maybe it will.

Now, if it led to disaster every time it was tried, you may have more to go on.
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

Why do I care? :confused:

Hhmm..lets see, this country has a shrinking middle class that my grandchildren will inherit. This entire winger shrieking and tearing of the cloth about Obama not extending the bush tax cuts is a red herring, all anyone has to do is check history.

Between 1951 and1980 the tax rate was at various times was between 70 and 90%, the nation had a growth rate that averaged 3.7 percent. When the gipper increased what was up to that time was the "largest peacetime tax increase in history (TEFRA) the economy actually picked up after a (gasp) tax increase, of almost 1 percent of GDP.I would like my grandchildren to see a country that has some industry left and a reviving middleclass before they start throwing dirt in my face.

Not a whole lot, just what I had when I was young. :(

So you think taking more taxes from the rich will help the middle class? Please give me an example of anytime that higher taxes made someone in the middle class move up a class? Do you realize how foolish your statement is? Allowing people to keep more of what they earn regardless of the class is what creates class movement. I cannot believe I have to convince someone the value of keeping more of what they earn?
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

But the Bush tax cuts didn't cut payroll taxes which by the way are SS taxes. You want to cut SS taxes then pay out what when the people retire?
Correct on the first sentence. On the second, I never said I want to cut SS taxes.
They don't get their payroll taxes refunded. No one's proposing that they be lowered, either.
Correct sir, on both counts.

Earned Income Tax Credit
The United States federal Earned Income Tax Credit (EITC or EIC) is a refundable tax credit for low-income workers and families. It is means tested and designed to both reduce the burden of payroll taxes and supplement the wages of low-income workers, particularly those who have children. For tax year 2010, a claimant with one qualifying child can receive a maximum refundable credit of $3,050, a claimant with two qualifying children can receive a maximum of $5,036, and a claimant with three or more qualifying children can receive a maximum of $5,666.

Earned Income Tax Credit - Wikipedia, the free encyclopedia
 
I think you're grossly overestimating the availability and utility of what you earlier referred to as "tax shelters." Additionally, if you don't believe we can trust the actual tax data, what do you suggest using as an alternative?



Correct, I was imprecise - I meant the top earning 1%.
You are still wrong, go look at that table again and pay close attention to the letters - AGI at the top of the column - they mean something.

While you're at it, please peruse the following link:

Tax shelter - Wikipedia, the free encyclopedia
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

Correct on the first sentence. On the second, I never said I want to cut SS taxes.

Correct sir, on both counts.

Earned Income Tax Credit
The United States federal Earned Income Tax Credit (EITC or EIC) is a refundable tax credit for low-income workers and families. It is means tested and designed to both reduce the burden of payroll taxes and supplement the wages of low-income workers, particularly those who have children. For tax year 2010, a claimant with one qualifying child can receive a maximum refundable credit of $3,050, a claimant with two qualifying children can receive a maximum of $5,036, and a claimant with three or more qualifying children can receive a maximum of $5,666.

Earned Income Tax Credit - Wikipedia, the free encyclopedia

Then the charts posted are distortions if not downright lies. They showed the tax cuts by pay range and many of those that show tax cuts don't pay income taxes and that is what Bush cut.
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

There was more going on in Argentina than just that. But even so, so what? The point is, what failed in Argentina may not fail elsewhere. Or maybe it will.

Now, if it led to disaster every time it was tried, you may have more to go on.

Well, Chile did much of the same. Actually Chile is a better example of the failed notions Conservative is pushing.
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

Well, Chile did much of the same. Actually Chile is a better example of the failed notions Conservative is pushing.

What exactly am I pushing! You seem to be an expert on everything so tell me what I am pushing?
 
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