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Thread: Obama budget resurrects rejected tax increases

  1. #101
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    Re: Obama budget resurrects rejected tax increases

    Quote Originally Posted by TurtleDude View Post
    raising taxes on the rich won't eliminate the cause of the massive deficit. the cause of that is politicians pandering to the majority of voters by giving them what they want without (costing themselves votes) by telling those who want the goodies have to pay for it with tax increases
    you tax hikers never want to deal with the long term issues You want to jack up taxes on the rich which only encourages more and more pandering and spending.
    I would be willing to make cuts. Let's be serious about it though. Let's talk about cutting some of the untouchables. Let's break into military funding a bit - there are a lot of rumors of $50 staplers.

    Quote Originally Posted by TurtleDude View Post
    that was a jacking up

    for more than half of this country's history there was not any income tax-the massive top marginal rates (which created an effective tax rate not really higher than it was under Clinton) were two huge world wars less than a generation apart.

    most of those targeted for the clinton obama tax hikes are paying more than 17% marginal rate

    but everyone ought to pay the same rate mainly so we don't have the problems that come from majority not having to pay for the stuff they want-which is why we have such massive spending
    Not according to the IRS which studied the top 100 earners in the US and found that they averaged a 17% income tax rate. Now that's on taxable income and anyone with that kind of money is likely to be very good at making income not taxable. It's really easy.

    When you figure in the income that's hidden in derivatives, off-shore accounts, and other reinvestment strategies, their income tax rate is much lower than that!

  2. #102
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    Re: Obama budget resurrects rejected tax increases

    Quote Originally Posted by Catawba View Post
    It would not be jacking up taxes on the top income earners, it would be eliminating the tax cuts the wealthiest enjoyed for years. And your claim doesn't hold up to the light of our own history. Our major debt didn't occur until after we cut US revenue by slashing the top tax rates. While no one is arguing that wasteful govenment spending doesn't need to be eliminated, if we are serious about addressing our huge National debt, we will have to address both spending and revenue.
    the wealthiest pay far more than they use and that causes the others to demand more stuff since they dont have to pay for it

    the rich do not have a moral duty to pay for all the crap people like you want

    if you are serious about stopping a massive deficit the only way to do that is to make all America responsible for paying that debt and the mass majority of people DO NOTand thus HAVE NO INCENTIVE to stop the spending



  3. #103
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    Re: Obama budget resurrects rejected tax increases

    Quote Originally Posted by TurtleDude View Post
    how is someone making 300-500K a year "super wealthy"
    Where did I say they were?

    yet these are the people who are targeted to suffer the brunt of the dem tax hikes
    If you prefer, I would go along with return to a progressive tax system where the top tax rate was approx. 80%. This would be equitable as the the top 20% of income earners own 85% of the wealth in the country.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Obama budget resurrects rejected tax increases

    Quote Originally Posted by whysoserious View Post
    I would be willing to make cuts. Let's be serious about it though. Let's talk about cutting some of the untouchables. Let's break into military funding a bit - there are a lot of rumors of $50 staplers.



    Not according to the IRS which studied the top 100 earners in the US and found that they averaged a 17% income tax rate. Now that's on taxable income and anyone with that kind of money is likely to be very good at making income not taxable. It's really easy.

    When you figure in the income that's hidden in derivatives, off-shore accounts, and other reinvestment strategies, their income tax rate is much lower than that!
    when you and the rest like you limit your tax hike schemes to the top 100 earners you might have a point

    those of us in the 250K to a couple million cohort don't have these accounts etc

    we are the ones most massively hit but the hikes



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    Re: Obama budget resurrects rejected tax increases

    Quote Originally Posted by whysoserious View Post
    I would be willing to make cuts. Let's be serious about it though. Let's talk about cutting some of the untouchables. Let's break into military funding a bit - there are a lot of rumors of $50 staplers.



    Not according to the IRS which studied the top 100 earners in the US and found that they averaged a 17% income tax rate. Now that's on taxable income and anyone with that kind of money is likely to be very good at making income not taxable. It's really easy.

    When you figure in the income that's hidden in derivatives, off-shore accounts, and other reinvestment strategies, their income tax rate is much lower than that!
    So you think rich democrats are not going to leave tax loopholes so they don't have to pay taxes. This is why we need to scrap the present system

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    Re: Obama budget resurrects rejected tax increases

    Quote Originally Posted by Catawba View Post
    Where did I say they were?



    If you prefer, I would go along with return to a progressive tax system where the top tax rate was approx. 80%. This would be equitable as the the top 20% of income earners own 85% of the wealth in the country.
    So you want wealth redistribution

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    Re: Obama budget resurrects rejected tax increases

    Quote Originally Posted by Catawba View Post
    Where did I say they were?



    If you prefer, I would go along with return to a progressive tax system where the top tax rate was approx. 80%. This would be equitable as the the top 20% of income earners own 85% of the wealth in the country.


    they dont use 85% of the government services

    why do people like you always base it on ability to pay versus what people use

    its not my fault someone else wants 50,000 a year in government services but only wants to pay 1000 dollars in the taxes that fund the services

    if you cannot pay for what you want you really have no right to demand others be taxed more to pay for it especially if those others have no fault for your inability to pay



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    Re: Obama budget resurrects rejected tax increases

    Quote Originally Posted by ptif219 View Post
    So you think rich democrats are not going to leave tax loopholes so they don't have to pay taxes. This is why we need to scrap the present system
    of course he does

    in their world I'd pay 50 bucks for a Quarter Pounder



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    Re: Obama budget resurrects rejected tax increases

    Quote Originally Posted by ptif219 View Post
    So you think rich democrats are not going to leave tax loopholes so they don't have to pay taxes. This is why we need to scrap the present system
    the biggest loophole in the world is getting full citizenship benefits without paying your share for them and that means more than half the country

    and the libs act as if its our fault that they cannot foot the bill--its like blaming an A student for some screw off's D grade or blaming Rafa Nadal that other guys cannot win Major Clay Court titles



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    Re: Obama budget resurrects rejected tax increases

    Quote Originally Posted by ptif219 View Post
    So you think rich democrats are not going to leave tax loopholes so they don't have to pay taxes. This is why we need to scrap the present system
    Or reform it... whatever. Either way, we need more income and less expendatures. If you think you have a grand plan, that sounds good, let's hear it.

    I am just tired of hearing "cut taxes and cut spending". It's rhetoric and not realistic.

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