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Thread: What purpose did the tax cut for the wealthiest serve?

  1. #1061
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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by presluc View Post
    So now there's the uber rich and the rich, both get tax cuts both ride the coatails of loophole tax benifits.
    So what the hells the differance the rich don't ge as big a check as the uber rich for paying taxes?


    Check the employee roster of Haliburtain if you can pronounce their names see how many are paying taxes to America?

    You know what's stupid ?
    Millions of Americans that want a job to pay taxe no charge just a job.
    While the government pays the rich to pay taxes.

    There's no way you can have it both ways, either more jobs for the American people , or more taxes for the rich.
    One or the other is coming. MORE JOBS OR HIGHER TAXES

    Frankly the unemployed that lost their jobs the poor working class t don't give a damn about higher taxes.
    They got no jobs or a low paying wage they got no money , they will pay no taxes.
    libs on this board have constantly whined about the top 400 or so who pay a lower effective rate than the ordinary rich because that top 400 have mainly lower taxed dividend or LTCG income

    those are the people who can manipulate their compensation or even some markets

    the reason why we have problems is not due to the vast majority in the top tax bracket. We have problems because too many people want too much government and want other people to pay for it.


    and your ranting about loopholes ignores the fact that the top 5% pay more income tax than the rest of the nation and 47% get full citizenship benefits without paying ANY income tax. That is a real loophole.

    the top 1% pay 40% of the income tax and make only 22% of the income

    almost every other group of americans PAY A LOWER PERCENTAGE OF THE INCOME TAX BURDEN than their share of the INCOME. Now that is a loophole as well



    Only a moron would claim that raising taxes on the rich is going to create more jobs



  2. #1062
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    Re: What purpose did the tax cut for the wealthiest serve?

    Inconvenient facts for supporters of trickle down economics:

    "An article in the February 21, 2000 issue of US News and World Report pointed out that the average income of the richest 5 percent of families in 1979 was 10 times of that of the poorest 20 percent of families. In 1999, the income gap had been enlarged to 19 times, ranking first among the developed countries, and setting a record since the Bureau of Census of the United States began studying the situation in 1947.

    The income of the executives of the largest US companies in 1992 was 100 times that of ordinary workers, and 475 times higher in 2000.

    According to an assessment by the US journal Business Week in August 2000, the income of chief executive officers was 84 times that of employees in 1990, 140 times in 1995, and 416 times in 1999."

    Widening Gap Between Rich and Poor
    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: What purpose did the tax cut for the wealthiest serve?

    All it did was put more money in the pockets of the wealthiest Americans and harm the middle and lower classes, as the government is being forced to cut programs vital to them like education as a result (along with many other factors, the tax cuts are just one)

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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by TurtleDude View Post
    We don't win when left wing politicians buy the votes of the poor by telling them they can have more and more handouts or spending and they won't have to pay for it if they vote dem because the dems will merely increase taxes on the rich

    America doesn't win when a majority of the voters clamor for more and more government because they don't feel they will have to pay for it but rather they have a limitless credit card that their representatives will force others to pay off.
    From what I've seen on the news, most rational left-wingers know that major spending cuts to social programs need to occur if these are going to continue to exist. The President even highlighted this in his speech Thursday when discussing Medicare/Medicaid. So to say that left-wingers are giving "more and more handouts" is a bit of a misrepresentation of the situation at hand.

    Last time I checked too, the President - a Democrat - agreed to extend the income tax cut on the wealthiest Americans, so what are you whining so much about TD? Do you follow the news at all? You should if you don't already..

    And as for the 'limitless credit card'; the current "conservative" GOP is just as guilty as the Dems of perpetuating that sort of government practice, so who does your vote go to? You make it sound like Americans actually have a choice in picking a fiscally conservative mainstream party.
    Last edited by David D.; 09-11-11 at 09:53 PM.

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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by David D. View Post
    From what I've seen on the news, most rational left-wingers know that major spending cuts to social programs need to occur if these are going to continue to exist. The President even highlighted this in his speech Thursday when discussing Medicare/Medicaid. So to say that left-wingers are giving "more and more handouts" is a bit of a misrepresentation of the situation at hand.

    Last time I checked too, the President - a Democrat - agreed to extend the income tax cut on the wealthiest Americans, so what are you whining so much about TD? Do you follow the news at all? You should if you don't already..

    And as for the 'limitless credit card'; the current "conservative" GOP is just as guilty as the Dems of perpetuating that sort of government practice, so who does your vote go to? You make it sound like Americans actually have a choice in picking a fiscally conservative mainstream party.
    Agreeing to extend the income tax cut on the wealthiest Americans is one of many decisions of his that I was very upset by. He spent months caving into Republican demands when he should have been showing the American people why what he believed in would work. Unfortunately, in the upcoming election it's going to be a lesser of two evils contest, which will have to be Obama.

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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by Voltaire X View Post
    Agreeing to extend the income tax cut on the wealthiest Americans is one of many decisions of his that I was very upset by. He spent months caving into Republican demands when he should have been showing the American people why what he believed in would work. Unfortunately, in the upcoming election it's going to be a lesser of two evils contest, which will have to be Obama.
    But, the President made the decision of agreeing to extend the tax cuts in exchange for a 13 month extension on unemployment insurance.

    In a perfect world, the GOP would grant the President everything we would want with no fight, but he's compromising with a Congress that has equal lawmaking powers, so the left isn't going to be able to get everything they could possibly want.

    Either you have him fight for short term stimulus (unemployment) or long term (tax cuts - via left's viewpoint), you can't always have both of these things, especially when you're working within a two-party system that has basically equal control over Washington at the moment.

    The POTUS has consistently fought for short-term left-wing type stimulus during his tenure.
    Last edited by David D.; 09-11-11 at 11:39 PM.

  7. #1067
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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by David D. View Post
    But, the President made the decision of agreeing to extend the tax cuts in exchange for a 13 month extension on unemployment insurance.
    True. But this was the only time in history when unemployment benefits were considered a "bargaining" option. When in the history has unemployment benefits ever been on the table for "bargaining" especially in such harsh economic times that we are in now?
    Point being unemployment benefits should never be on the table for "compromise" especially in hard economic times when people have little to no control when they are going to loose their jobs because of the economy.

    In a perfect world, the GOP would grant the President everything we would want with no fight, but he's compromising with a Congress that has equal lawmaking powers, so the left isn't going to be able to get everything they could possibly want.

    Either you have him fight for short term stimulus (unemployment) or long term (tax cuts - via left's viewpoint), you can't always have both of these things, especially when you're working within a two-party system that has basically equal control over Washington at the moment.
    The right wing have lost little to nothing out of their demands with Barack...


  8. #1068
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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by X Factor View Post
    Hummm, this topic really must be over my head. I'm missing all the on topic arguments in these posts.
    Quote Originally Posted by DemonMyst View Post
    And your obsession with burdon is evidence of your stupidity..

    You consistently fail to consider tax burdon in relation to income?? Why should someone that makes 250k a year pay the same amount as someone that makes 20k a year??

    If you are not going to consider income to tax burdon then you have no business talking about taxes.. The rich currently are enjoying the least amount of tax burdon when income in considered.. It is stupid to make the claim that they pay the most taxes and should pay less.. Of course they pay the most.. They make the most.. Why wouldn't they pay the most?? If the rich do not wish to pay their fair share in taxes.. They can trade places with the poor.. I am sure the poor who are now rich will have no issue paying the most taxes..

    I will really be glad when you conservatives take a math class..

    Simply put, if you are not going to consider income in their tax burdon then you simply have nothing to discuss..
    As usual yes.. You are missing it from the post you were to concerned about my spelling to actually read..

    You wouldn't look as stupid if you would just respond to what people say and not play spelling monitor.. Enjoy.. Try to stay on topic this time..
    Last edited by DemonMyst; 09-12-11 at 07:55 AM.

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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by TheDemSocialist View Post
    True. But this was the only time in history when unemployment benefits were considered a "bargaining" option. When in the history has unemployment benefits ever been on the table for "bargaining" especially in such harsh economic times that we are in now?
    Point being unemployment benefits should never be on the table for "compromise" especially in hard economic times when people have little to no control when they are going to loose their jobs because of the economy.


    The right wing have lost little to nothing out of their demands with Barack...
    The point is that Unemployment benefits were on the table to be cut and the President had to choose what he was going to fight for. If you didn't like the fact that the GOP was ready to cut the benefits, that's another topic.

    The Dems can't control what the GOP thinks and vice versa.

  10. #1070
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    Re: What purpose did the tax cut for the wealthiest serve?

    I heard that the tax cuts for the wealthy were equivalent to giving them a brand new, decked out, Cadillac Escalade every year.
    Quote Originally Posted by Northern Light View Post
    The systems that ensure freedom and liberty are breaking down and fundamentalism is growing. Nobody is righteous anymore.


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