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

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

    Quote Originally Posted by pbrauer View Post
    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?

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

    Quote Originally Posted by pbrauer View Post
    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.
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    Re: GOP plan to extend tax cuts for rich adds $36 billion

    Quote Originally Posted by pbrauer View Post
    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%.
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    Re: Dem vs Rep Tax Cut Plan in Graph form!

    Quote Originally Posted by pbrauer View Post
    They don't pay income taxes, but they do pay payroll taxes. Do you have a problem giving these folks a break?
    Yes. I do.


    They don't pay their fair share, and keep voting for people that punish those more successful then they.

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

    Quote Originally Posted by MrVicchio View Post
    Yes. I do.


    They don't pay their fair share, and keep voting for people that punish those more successful then they.

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    Isn't amazing the quality of people being created in this country, the entitlement mentality and the loss of self esteem

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    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?


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

    Quote Originally Posted by donc View Post
    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?

    Show where it’s distorted.

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

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

    Quote Originally Posted by Conservative View Post
    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?


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

    Quote Originally Posted by donc View Post
    How did I know that you would pop in this thread when I posted #3?


    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.
    So what, why do you care?

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

    Quote Originally Posted by Conservative View Post
    So what, why do you care?

    Why do I care?

    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.
    Last edited by Donc; 08-14-10 at 05:11 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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