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

  1. #671
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    Re: Dem vs Rep Tax Cut Plan in Graph form!

    Quote Originally Posted by TurtleDude View Post
    and those targeted for soaking already pay far too much in taxes. To stop the idiotic spending by the government we have to make those who vote in the big spenders suffer for such spending
    How do you figure they are being soaked, when they make so much money that their effective tax rate is around 17%?


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

    Conservative

    All the rhetoric about how much the rich pay in taxes when the actual amount of the increase is a drop in the bucket of the deficits being created and ignores the fact that 47% of the people don't pay any Federal Income taxes. Wonder what the real agenda is here?

    Federal poverty level income for 2010 is $22,050;think of a poor widow woman, just scraping by. Medicare payments on this income is $320,per month, Social security is $1367,which is about ten percent of her income, which leaves $22000 to live on, around $425 per week. When the people living at poverty go to a grocery store there is no "sales tax break" for them, they pay at the same price for grocerys of someone making a million a year.


    Someone earning $200000 a year would pay $ 12400 into social security and $2900 into Medicare; their tax would be $ 64000 in. Leaving after tax income of about $120,700.About $2321 per week.


    Of these two Scenarios which in your opinion can best afford to pay the taxman? The widow women, making do on $425 per week, or someone making almost six times that per week.

    So sad that the wingers have taken up kicking poor widow women as part of there agenda.
    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 TurtleDude View Post
    its time the 47% who get representation without taxation step to the plate and either pony up some bucks or stop voting for more taxes and spending
    Why do you care if 47% of low-wage earners pay no taxes, are you jealous?


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

    Quote Originally Posted by Conservative View Post
    I don't think liberals really want to discuss the other side of the issue as they are having a tough time with this side. Another issue is the 47% that don't pay any Federal Income taxes and the amount they use of the Federal Treasury without any shared sacrifice at all. Interesting how the focus is on the 2% while ignoring this 47%.

    Then there is the tough question of how does anyone know that elimination of the tax cut for the 2% will generate another 36 billion dollars? Obama says so? LOL, well we know how accurate he has been with his economic projections.

    You make a good point though. Too bad it will be ignored by Obama supporters
    You must be correct. I did not see a single response from the soak the rich crowd.

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

    Quote Originally Posted by donc View Post
    Federal poverty level income for 2010 is $22,050;think of a poor widow woman, just scraping by. Medicare payments on this income is $320,per month, Social security is $1367,which is about ten percent of her income, which leaves $22000 to live on, around $425 per week. When the people living at poverty go to a grocery store there is no "sales tax break" for them, they pay at the same price for grocerys of someone making a million a year.


    Someone earning $200000 a year would pay $ 12400 into social security and $2900 into Medicare; their tax would be $ 64000 in. Leaving after tax income of about $120,700.About $2321 per week.


    Of these two Scenarios which in your opinion can best afford to pay the taxman? The widow women, making do on $425 per week, or someone making almost six times that per week.

    So sad that the wingers have taken up kicking poor widow women as part of there agenda.
    We love starving kids too, what a joke you are. How many of that 47% make less than 22,000 per year? Still waiting for you to prove that 36 billion will be added to the Treasury with the expiration of the tax cuts on the rich?
    Last edited by Conservative; 09-05-10 at 10:13 PM. Reason: spelling

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

    Quote Originally Posted by pbrauer View Post
    How do you figure they are being soaked, when they make so much money that their effective tax rate is around 17%?
    what nonsense is that--are you confusing Bill Gates with those in the 200K to 1 milliion K group. NExt year's tax will be the highest effective tax rate in US History. I don't know what you are smoking but you must think that everyone in the top 1% only has dividend or capital gains income. Actually the vast majority of people in that group are those with high salaries-doctors, lawyers, accountants, "brand managers" or upper echelon but not top executives at big companies.

    Speaking of not being soaked-what about thos e 47% who have an effective federal income tax rate of ZERO

    I know lots of people in the 200K-1 million a year level. One former colleague is a partner in a major law firm as is his wife in another meaning they have a combined income of about 500K a year. They have two brilliant daughters-one at an Ivy , the other at Duke meaning they are paying close to 100K in tuition a year. people like you assume that they don't need all the money they make because you project your situation on to them. Why should they pay more taxes when they get nothing from the government additional to what you get despite paying at least 100K in taxes already. (and that doesn't include the high state income tax here in ohio, and property taxes)



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

    Quote Originally Posted by pbrauer View Post
    Why do you care if 47% of low-wage earners pay no taxes, are you jealous?
    I tire of people having representation without taxation because they have no incentive to reign in government spending since they dont pay for it

    you are the one who is jealous and that is apparent to anyone who reads you welfare socialist drivel



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

    Quote Originally Posted by TurtleDude View Post
    why do you call yourself a libertarian?
    More ad homs from those intellectually ill equiped to debate me in proper fashion. My ideology pertains to the discussion how exactly?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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

    Quote Originally Posted by TurtleDude View Post
    why do the libs always talk about need as it pertains to others

    a few more dollars? are you clueless

    someone making a million a year is going to easily pay over 100K more in taxes if half their income is in investments.



    one thing is sure-those who make the money NEED it more than greedy poltiicians who buy the votes of people such as you with promises that the government will give you what you want paid for by others

    you need to pay more taxes in order to disabuse you of thinking that the government should provide you more goodies and others should pay for it
    hey bub, i don't get any 'goodies' from the government, and i am a taxpayer, and while a tax cut sounds great , it is not fiscally responsible.

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

    Quote Originally Posted by TurtleDude View Post
    I tire of people having representation without taxation because they have no incentive to reign in government spending since they dont pay for it
    Whatever that means.

    you are the one who is jealous and that is apparent to anyone who reads you welfare socialist drivel
    Do you have a point to make or do you just want to insult?


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