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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!

You really think the GOP doesn't pick and choose?
What is better for the economy, X amount of billionaires, or 1000X millionaires? The typical poorly educated middle class think that getting back a few hundred dollars extra each year is such a wonderful thing that we should let the rich get back a few million extra every year.

Do you have any data that the middle class is poorly educated and therefore stupid? How about that all the rich get back millions? You need to stop with the broad brush.
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

Do you have any data that the middle class is poorly educated and therefore stupid? How about that all the rich get back millions? You need to stop with the broad brush.
There are no brushes broader than those of the far right....and that is where most of the "conservatives" here reside.
You want me to provide data when you have none of your own. 3 to 5 percent more taxes paid by the rich won't make them change all that much. They aren't that small minded or petty...
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

There are no brushes broader than those of the far right....and that is where most of the "conservatives" here reside.
You want me to provide data when you have none of your own. 3 to 5 percent more taxes paid by the rich won't make them change all that much. They aren't that small minded or petty...

you are ignorant IF you think the tax hikes will mean those considered rich will only be paying 3-5% more taxes

a hike from 35% to 39.6% is more than a 10% increase in the amount of taxes paid

jacking the tax on dividend income from 15% to 39.6% is a huge increase which will more than double taxes on that source of income

if someone is retired and mainly lives off of investments-their taxes could more than double

its easy to always dismiss what others have to pay when it does not affect you
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

There are no brushes broader than those of the far right....and that is where most of the "conservatives" here reside.
You want me to provide data when you have none of your own. 3 to 5 percent more taxes paid by the rich won't make them change all that much. They aren't that small minded or petty...

What evidence is there that the impact will be so minimal? I mean, if they won't really act differently, why not jack it up 60 or 70 percent?
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

you are ignorant IF you think the tax hikes will mean those considered rich will only be paying 3-5% more taxes

a hike from 35% to 39.6% is more than a 10% increase in the amount of taxes paid

jacking the tax on dividend income from 15% to 39.6% is a huge increase which will more than double taxes on that source of income

if someone is retired and mainly lives off of investments-their taxes could more than double

its easy to always dismiss what others have to pay when it does not affect you

Retirees living off investment income? a minority, for sure, unless you count tax deferred accounts, and THOSE are taxed as regular income....I suppose Warren Buffet will feel the pinch, but he can take it...
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

What evidence is there that the impact will be so minimal? I mean, if they won't really act differently, why not jack it up 60 or 70 percent?

IF their income is up in the multi-millions, go for it....it's not like they will SUFFER in any way.
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

IF their income is up in the multi-millions, go for it....it's not like they will SUFFER in any way.

That's very different from the rationale you were referring to.
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

Why is it so important to you what someone else pays in taxes and why would you want more of your dollars to go to politicians in D.C.?
Because they are the ones that have provided me with a decent education, enforcement of the rule of law, and protection of my rights and property. I care what other people pay because the extent to which it costs you should be proportional to the extent to which you benefited from it.

Regardless of the amount, how does raising taxes employ people?
It doesn't, which is why I don't support a full repeal of the Bush Tax Cuts right now. However, I don't feel a partial repeal would hurt and down the road a full repeal would make a huge impact in trying to pay off the debt.
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

some will, yes. certainly not to the point where you would see a drop in revenues (unless you also increased the capital gains tax and destroyed investment, which is far more sensitive), but some absolutely will.
I'm willing to take my chances.
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

There is evidence that the sunset on the just the higher tax rates (expansion of the 28% bracket at and re-instatement of the 36% and 39.6% rates), re-instatement of the PEP and limitations on itemized deductions, and imposition of a 20% tax rate on capital gains and dividends will have a smaller impact than the other provisions of the sunset. The MA forecast is just the increases in taxes that affects those with higher incomes (the changes I listed above). According to this analysis it would raise $60 billion annually.

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Macroadvisers: The impact of sunset of tax cuts on GDP, employment, inflation & interest rates
 
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Re: Dem vs Rep Tax Cut Plan in Graph form!

There is evidence that the sunset on the just the higher tax rates (expansion of the 28% bracket at and re-instatement of the 36% and 39.6% rates), re-instatement of the PEP and limitations on itemized deductions, and imposition of a 20% tax rate on capital gains and dividends will have a smaller impact than the other provisions of the sunset. The MA forecast is just the increases in taxes that affects those with higher incomes (the changes I listed above). According to this analysis it would raise $60 billion annually.


Based on those charts, it would also result in lower GDP growth and higher unemployment.
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

Based on those charts, it would also result in lower GDP growth and higher unemployment.

Obviously, and it would appear that the effects of specificly the high income provisions are smaller than the rest that primarily affect low/mid income (lower tax rates, child care credit, marrige penalty, EITC, MWP, AMT). If people want a compromise for debt and stimulus, here it is. I would be in favor an indefinite extension, of course I have not been as concerned with the current deficits as others and have been a bigger proponent of stimulus.
 
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Re: Dem vs Rep Tax Cut Plan in Graph form!

LOL you call me a hack? too funny for words

When you constantly go out of your way to constantly ignore Lord T's post showing how your stance on income only taxes is dishonest, yes you are.

When presented with multiple instances of how your position objectively doesn't make sense is met with literal avoidance, that does not suggest honesty is something you care about.

Obama's policies are idiotic and you lap them up

Too bad I criticized them. I see you can't help but keep lying.
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

When you constantly go out of your way to constantly ignore Lord T's post showing how your stance on income only taxes is dishonest, yes you are.

When presented with multiple instances of how your position objectively doesn't make sense is met with literal avoidance, that does not suggest honesty is something you care about.



Too bad I criticized them. I see you can't help but keep lying.

his posts that you seem to worship does nothing of the sort

you again confuse opinions with facts and you just don't like the fact that I have no use for parasitic opinions or the "greater good" trumps individual rights argument
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

IF their income is up in the multi-millions, go for it....it's not like they will SUFFER in any way.

how do you know? You assume that anyone who is far more industrious than you can afford what ever tax hikes people like you want to visit on them? You must assume that wealthy people have the same expenses you do and thus can afford huge increases in the amount of discretionary income taken from them. That is idiotic
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

this looks like a promising outcome to hold downt the debt,
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

how do you know? You assume that anyone who is far more industrious than you can afford what ever tax hikes people like you want to visit on them? You must assume that wealthy people have the same expenses you do and thus can afford huge increases in the amount of discretionary income taken from them. That is idiotic

Can anyone show me any time in recent history that more revenue going to D.C. resulted in less spending and a surplus that actually reduced the debt? Another thing that is idiotic is believing that when you raise taxes on even another class that human behavior will not change or that revenue projections will be met.

I wonder why it is so hard for people to understand how keeping more of what they earn is a good thing and actually helps the economy and even how they react if they have less take home pay with higher taxes thus less for spending, saving, investing, or paying down debt. Maybe that is the problem, people calling for higher taxes don't pay any taxes or are part of the group that want to keep people dependent on that govt?
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

Can anyone show me any time in recent history that more revenue going to D.C. resulted in less spending and a surplus that actually reduced the debt? Another thing that is idiotic is believing that when you raise taxes on even another class that human behavior will not change or that revenue projections will be met.

I wonder why it is so hard for people to understand how keeping more of what they earn is a good thing and actually helps the economy and even how they react if they have less take home pay with higher taxes thus less for spending, saving, investing, or paying down debt. Maybe that is the problem, people calling for higher taxes don't pay any taxes or are part of the group that want to keep people dependent on that govt?

those who mainly call for higher taxes want it to hit others. its envy or in the case of the uber rich-a disgusting ploy to kill of the less affluent rich and to ingratiate themselves to the masses of envious
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

how do you know? You assume that anyone who is far more industrious than you can afford what ever tax hikes people like you want to visit on them? You must assume that wealthy people have the same expenses you do and thus can afford huge increases in the amount of discretionary income taken from them. That is idiotic
I was plenty industrious, when I needed to be. The wife and I enjoy a very good retirement, with a 4500 sq. ft. summer home and a 2200 sq. ft winter home. A lot of people, myself included, consider us rich. Certainly, we have all we need and then some.

I do not envy the rich, that is for the wannabes like so many here who envy the rich so much that they want to avoid paying taxes like the rich.
Somebody has to pay for infrastructure.
As for others being more industrious, I applaud them. But no way will I believe that the financiers on Wall Street are industrious on a level plain. Like Politicians, they make their own rules, to suit themselves. Wall Street is a rigged game, has been all along. The rules change, the methods of cheating change, but the game is always RIGGED.
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

his posts that you seem to worship does nothing of the sort

Apparently you think his post doesn't break down taxes. Imagination. The best tool to defending a faulty ideology. Pretend everything you don't like doesn't exist.

you again confuse opinions with facts and you just don't like the fact that I have no use for parasitic opinions or the "greater good" trumps individual rights argument

Huh. I guess a cited break down of taxation is just an "opinion."
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

Apparently you think his post doesn't break down taxes. Imagination. The best tool to defending a faulty ideology. Pretend everything you don't like doesn't exist.



Huh. I guess a cited break down of taxation is just an "opinion."

and in your haste to try to challenge me you continue to miss the point

I oppose income taxes and I especially oppose a system that lets people like you vote up the taxes on people who already pay far too much in taxes
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

and in your haste to try to challenge me you continue to miss the point

I oppose income taxes and I especially oppose a system that lets people like you vote up the taxes on people who already pay far too much in taxes

Good luck with that.....my bet is that the GOP won't have the numbers to stop the tax breaks from being extended.....
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

Good luck with that.....my bet is that the GOP won't have the numbers to stop the tax breaks from being extended.....

no doubt-the numbers of parasites continue to expand while the numbers of net tax payers continue to shrink

one day the house of cards is going to collapse and all of those who have become dependent on the government to take care of them are going to be in a world of hurt

the good news is that I expect the tax hikes to really mess this country up in 2012 which will hopefully mean an end to dem control for at least a few election cycles.
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

no doubt-the numbers of parasites continue to expand while the numbers of net tax payers continue to shrink

one day the house of cards is going to collapse and all of those who have become dependent on the government to take care of them are going to be in a world of hurt

the good news is that I expect the tax hikes to really mess this country up in 2012 which will hopefully mean an end to dem control for at least a few election cycles.

Don,t bet on it,the country WAS dumb enough to elect bush twice.
 
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