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

  1. #851
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    Re: GOP plan to extend tax cuts for rich adds $36 billion

    When Willie Sutton was asked why he robbed banks, he said "because that is where the money is"...

    the same reasoning applies to taxation.

    it isn't any more complicated than that.....
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    Re: GOP plan to extend tax cuts for rich adds $36 billion

    Quote Originally Posted by TurtleDude View Post
    find some other numbers that suggest otherwise

    do you admit or deny that the top 1% pay far more income tax than any other group

    do you admit or deny that the top 10% of the tax payers pay more than half the income taxes

    do you admit or deny that the top 1% pay almost all or all of the death tax (which is what the death tax advocates have been saying)

    do you admit or deny that the top 1% do not use as much in services funded by the income tax as they pay
    All your percentages are based upon Adjusted Gross Income not Gross Income so they represent incomes AFTER deductions have been taken. So, the tables at the conservative taxfoundation show me nothing.

    Also, you seem to believe these high earners are involved with job creation, when in fact these people could be involved with shipping jobs off shore.


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

    Quote Originally Posted by UtahBill View Post
    When Willie Sutton was asked why he robbed banks, he said "because that is where the money is"...

    the same reasoning applies to taxation.

    it isn't any more complicated than that.....
    that is more honest than the fairness bull that the normal class warfare experts spew but the middle class has plenty of money and they and the working poor need to be reminded that if they want big government they have to suffer less income to pay for it



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

    Quote Originally Posted by pbrauer View Post
    All your percentages are based upon Adjusted Gross Income not Gross Income so they represent incomes AFTER deductions have been taken. So, the tables at the conservative taxfoundation show me nothing.

    Also, you seem to believe these high earners are involved with job creation, when in fact these people could be involved with shipping jobs off shore.
    what exactly are those deductions? If I have 500K and give 100K to charity my AGI is 400K Do you think deductions somehow means I still had 500K

    and no matter how you spin it, the rich still pay far more than they use. and the bottom 50% use far more than they pay

    want fairness-make those who use so much start paying a bit more for it



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

    Quote Originally Posted by TurtleDude View Post
    that is more honest than the fairness bull that the normal class warfare experts spew but the middle class has plenty of money and they and the working poor need to be reminded that if they want big government they have to suffer less income to pay for it
    Yes, the middle class has plenty of money, and the rich have even more. People with secure incomes and lots of cash on hand should be spending it, to stimulate the economy. Spending tax dollars hasn't done it so far.
    Not that I object to spending tax dollars, if we could just spend it at home instead of some god-forsaken sand and gravel pit in the middle east....
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    Re: GOP plan to extend tax cuts for rich adds $36 billion

    Hhmm…so what’s wrong with this scenario? The SHRINKING MIDLLE CLASS has plenty of money, while billionaires grew 19 percent. Next question. Who is best equipped to pull the economy out of the tank with a few percentage points on their growing income?….Real stumper eh?
    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: GOP plan to extend tax cuts for rich adds $36 billion

    Quote Originally Posted by UtahBill View Post
    Yes, the middle class has plenty of money, and the rich have even more. People with secure incomes and lots of cash on hand should be spending it, to stimulate the economy. Spending tax dollars hasn't done it so far.
    Not that I object to spending tax dollars, if we could just spend it at home instead of some god-forsaken sand and gravel pit in the middle east....
    well here is what I am doing. I am stashing money because next yera my taxes could go up 100K or even more so I am worried about major expenses next year like a new car (mine has 150K on it and I drive them til they die). Its the uncertainty of an incompetent president and asswipes like Pelosi who hold our wealth hostage to her political desires.

    And I don't disagree with your comment about spending it here.



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

    Quote Originally Posted by donc View Post
    Hhmm…so what’s wrong with this scenario? The SHRINKING MIDLLE CLASS has plenty of money, while billionaires grew 19 percent. Next question. Who is best equipped to pull the economy out of the tank with a few percentage points on their growing income?….Real stumper eh?
    where did all those rich people come from?



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

    Quote Originally Posted by TurtleDude View Post
    where did all those rich people come from?
    According to Forbes Americans account for 40% of the world's billionaires.
    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: GOP plan to extend tax cuts for rich adds $36 billion

    Quote Originally Posted by TurtleDude View Post
    well here is what I am doing. I am stashing money because next yera my taxes could go up 100K or even more so I am worried about major expenses next year like a new car (mine has 150K on it and I drive them til they die). Its the uncertainty of an incompetent president and asswipes like Pelosi who hold our wealth hostage to her political desires.

    And I don't disagree with your comment about spending it here.
    We don't stash money any more, we are retired, so we spend most of it as it comes in. And we always buy American, if there is a choice....kind of hard to buy electronics, cameras, etc. that are made in USA...
    Oracle of Utah
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