Page 8 of 87 FirstFirst ... 6789101858 ... LastLast
Results 71 to 80 of 862

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

  1. #71
    Banned
    Join Date
    Sep 2005
    Location
    Los Angeles
    Last Seen
    09-22-10 @ 04:36 AM
    Gender
    Lean
    Independent
    Posts
    11,430

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

    Quote Originally Posted by donc View Post
    Lets here if for the (though belated) fiscal responsible Republican Party.


    <A Republican plan to extend tax cuts for the rich would add more than $36 billion to the federal deficit next year -- and transfer the bulk of that cash into the pockets of the nation's millionaires, according to a congressional analysis released Wednesday. >


    washingtonpost.com

    Comparing Democratic and Republican tax plans

    Yawn.

    Then cut $36 billion out of the spending side.

    How complicated it that?

    If the Democrats in Congress are too stupid to figure out how to save 3% from a spending budget, they should be replaced with Americans.

  2. #72
    Sage
    UtahBill's Avatar
    Join Date
    Sep 2005
    Location
    Utah
    Last Seen
    12-03-17 @ 01:39 AM
    Gender
    Lean
    Moderate
    Posts
    17,687

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

    Concerning 401k and IRA investing, when the average guy withdraws that, he pays a tax rate based on AGI for the year, which for me and my wife was up in the 34% range 2 years ago, and that is whether the account earned money, or lost money. Our income was part earned, and part unearned. We paid SS on the earned portion.

    The rich invest in regular accounts, their profits are capital gains on unearned income, and get a preferred tax rate of 15%. They don't pay into SS on unearned income.

    Warren Buffet says his employees pay a higher tax rate than he does...

    The rich have the politicians in their pockets, while the gullible middle class have no pockets. A lot of middle class demand tax cuts that will save them a few hundred a year, but save the uber rich a few hundred thousand a year, or more....

    And for those "conservatives" who think I envy the rich, the wife and I have plenty of assets and our retirement income accumulates faster than we can spend it.
    Oracle of Utah
    Truth rings hollow in empty heads.

  3. #73
    Pragmatic Idealist
    upsideguy's Avatar
    Join Date
    Nov 2009
    Location
    Rocky Mtn. High
    Last Seen
    Today @ 02:58 AM
    Gender
    Lean
    Progressive
    Posts
    10,132

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

    Quote Originally Posted by RightinNYC View Post
    The Tax Foundation - Summary of Latest Federal Individual Income Tax Data

    The richest 1% earn 22.83% of all income and pay 40.42% of all taxes.

    Not sure what you're getting at re: tax shelters and how you believe that affects those numbers.
    So the progressive tax system is working pretty well....

  4. #74
    Banned
    Join Date
    Sep 2005
    Location
    Los Angeles
    Last Seen
    09-22-10 @ 04:36 AM
    Gender
    Lean
    Independent
    Posts
    11,430

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

    Quote Originally Posted by JohnWOlin View Post
    So your saying what exactly with your graphs? Super rich are getting screwed?
    No, the people who want to find a job are going to get screwed if the Messiah succeeds in raising taxes at the bottom of a recession that isn't rising. No surer way to make the Messiah's presidency JUST like FDR's....create a recession at the bottom of a recession.

    Some people need to give up on their envy for the rich and start focusing on the fact that their policies are exactly what's causing perpetual unemployment now.

  5. #75
    Equal Opportunity Hater
    obvious Child's Avatar
    Join Date
    Apr 2008
    Location
    0.0, -2.3 on the Political Compass
    Last Seen
    12-09-14 @ 11:36 PM
    Lean
    Other
    Posts
    19,883

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

    Utah Bill, heard of the Son of Boss tax scheme? A completely artificial way to generate insanely large fake losses to completely eliminate all taxable income? It ain't the poor and middle class who are using them.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  6. #76
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Yesterday @ 08:56 PM
    Gender
    Lean
    Conservative
    Posts
    67,293

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

    Quote Originally Posted by UtahBill View Post
    Concerning 401k and IRA investing, when the average guy withdraws that, he pays a tax rate based on AGI for the year, which for me and my wife was up in the 34% range 2 years ago, and that is whether the account earned money, or lost money. Our income was part earned, and part unearned. We paid SS on the earned portion.

    The rich invest in regular accounts, their profits are capital gains on unearned income, and get a preferred tax rate of 15%. They don't pay into SS on unearned income.

    Warren Buffet says his employees pay a higher tax rate than he does...

    The rich have the politicians in their pockets, while the gullible middle class have no pockets. A lot of middle class demand tax cuts that will save them a few hundred a year, but save the uber rich a few hundred thousand a year, or more....

    And for those "conservatives" who think I envy the rich, the wife and I have plenty of assets and our retirement income accumulates faster than we can spend it.
    Wonder how much Warren Buffet would pay in taxes if he didn't donate most of his income to charity? Given the opportunity I will recommend to him that he stop donating to local charities so he can give more money to the govt. so that the govt. can send the money back to local charities.

    In fact all those evil rich people need to do the same thing, stop giving to charities letting those charities fend for themselves, pay higher taxes so that the bureaucrats in D.C. can handle the money and send it to the charities they deem worthy, democrat constituent groups.

  7. #77
    Banned
    Join Date
    Sep 2005
    Location
    Los Angeles
    Last Seen
    09-22-10 @ 04:36 AM
    Gender
    Lean
    Independent
    Posts
    11,430

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

    Quote Originally Posted by upsideguy View Post
    So the progressive tax system is working pretty well....
    Only if you define "progress" as "the process of stripping the freedom and prosperity from the free-est and most prosperous nation the world has ever seen.

  8. #78
    Global Moderator
    The Truth is out there.
    Kal'Stang's Avatar
    Join Date
    Jan 2009
    Location
    Bonners Ferry ID USA
    Last Seen
    @
    Gender
    Lean
    Independent
    Posts
    32,868
    Blog Entries
    1

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

    Quote Originally Posted by Conservative View Post
    Now that's the spirit, don't care about what the rich pay. My bet is those that don't pay any income taxes could care less what others pay as well. Isn't it easy supporting something that doesn't affect you?
    You try living paycheck to paycheck for 20 years and then tell me weather or not you care what they get taxed. BTW, I never said I supported the rich getting taxed to high hell or not.
    I have an answer for everything...you may not like the answer or it may not satisfy your curiosity..but it will still be an answer. ~ Kal'Stang

    My mind and my heart are saying I'm in my twenties. My body is pointing at my mind and heart and laughing its ass off. ~ Kal'Stang

  9. #79
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Yesterday @ 08:56 PM
    Gender
    Lean
    Conservative
    Posts
    67,293

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

    Quote Originally Posted by obvious Child View Post
    Utah Bill, heard of the Son of Boss tax scheme? A completely artificial way to generate insanely large fake losses to completely eliminate all taxable income? It ain't the poor and middle class who are using them.
    Isn't the Son of Boss designed to lower capital gains taxes? Why don't we do with the capital gains tax that we do with income taxes, raise the rates on those who do pay capital gains taxes to offset the lost revenue from those how use this tax scheme.

  10. #80
    Banned
    Join Date
    Sep 2005
    Location
    Los Angeles
    Last Seen
    09-22-10 @ 04:36 AM
    Gender
    Lean
    Independent
    Posts
    11,430

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

    Quote Originally Posted by obvious Child View Post
    Utah Bill, heard of the Son of Boss tax scheme? A completely artificial way to generate insanely large fake losses to completely eliminate all taxable income? It ain't the poor and middle class who are using them.
    Two Words:

    Flat Tax.

    Three Words:

    National Sales Tax.

    Four Word:

    No Value Added Tax.

Page 8 of 87 FirstFirst ... 6789101858 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •