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

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

    Ikari,

    We do not have the lowest tax rate for corporations. It is our tax rates, unions, and government mandated unemployment and other programs that are hurting big business in the US. I live in Vermont and we had, for the longest time, housed some very successful and large companies. We were the home to such companies as Ben and Jerry's ice cream, Burton snowboard, and IBM. Every since we began leaning on these companies for more tax revenue they have slowly disappeared. Burton is outsourcing to India, IBM is consistently laying off workers and sending jobs out of state and out of country, and Ben and Jerry's sold the company to an out of state company. Our pressuring of increase tax has forced businesses to run from the state.
    This is what is happening on the federal level now. It is impossible for US based companies to compete globally when the overhead of their competitors is a fraction of the US companies'. So the rich that are in charge of these corporations are making big bucks, but is it not their right to do so? Did we not grow as an economy and an economic leader in the global market by being the land of opportunity and growth? Are you suggesting we become more like China and have the government regulate our income and finances? If we want to remain a leader in today’s world we need to have a foundation that encourages growth and provides opportunity for financial stability and prosperity. It is my view that I know what I want and how to get it better then the government. The best way for the government to be of help to us is to get out of the way.

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

    Quote Originally Posted by Catawba View Post
    I addressed the point - you can't get blood out of a ****ing turnip!!! How the hell do you expect poor people to pay more taxes if they do not have a job????
    You are -clearly- not privy to the distribution of income in the US.
    If you were aware of such information, you'd know that people maing $27.5k/yr have ~3x the aggregate income of people making >250k
    So... there's PLENTY of wealth among the 'poor', hardly the 'turnip' you'd like people to think.
    PINC-11--Part 2

    And so...
    You have YET again failed to address the point - that the responsibility to 'contribute' to the society that provides you the benefits you gain from living here exists regardless of how hard it might be to contribute. Not a surprise.

    Yes, I read the news article and I don't think it helps your case that rich people are investing their income overseas.
    Funny how you change tack when your source dosn't say what you want it to say.
    Sorry that the 'millionares pay $0 in taxes' thing didnlt work out for you.

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

    Quote Originally Posted by PzKfW IVe View Post
    You are -clearly- not privy to the distribution of income in the US.
    If you were aware of such information, you'd know that people maing $27.5k/yr have ~3x the aggregate income of people making >250k
    So... there's PLENTY of wealth among the 'poor', hardly the 'turnip' you'd like people to think.
    PINC-11--Part 2

    And so...
    You have YET again failed to address the point - that the responsibility to 'contribute' to the society that provides you the benefits you gain from living here exists regardless of how hard it might be to contribute. Not a surprise.


    Funny how you change tack when your source dosn't say what you want it to say.
    Sorry that the 'millionares pay $0 in taxes' thing didnlt work out for you.
    Clearly you aren't privy to the poverty statistics, nor the unemployment statistics, which account for most of those not paying federal income taxes. If you want the poor to pay more in taxes, provide some ****ing jobs. I thought that is what trickle down economics was supposed to do. Where are all the jobs for the all the tax breaks we have given the wealthy?
    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?

    Quote Originally Posted by Catawba View Post
    Clearly you aren't privy to the poverty statistics, nor the unemployment statistics, which account for most of those not paying federal income taxes. If you want the poor to pay more in taxes, provide some ****ing jobs. I thought that is what trickle down economics was supposed to do. Where are all the jobs for the all the tax breaks we have given the wealthy?
    I see you again cannot address what I said regarding your post and are therefore, unsurprisingly, forced to resort to trying to change the subject.
    Fact of the matter is there is 3x more income among those making under $27.5k/yr than those making >$250k, and so theose people. contrary to your claims, do indeed represent a significant tax base.
    (Please note that these figures represent people who, obviously, DO have jobs, thus negating all of your whinong about unemployment, etc)

    You gleefully continue to fail to address the point that the responsibility to 'contribute' to the society that provides you the benefits you gain from living here exists regardless of how hard it might be to contribute. Please be sure to come back when you can. Until then, you have said all that you can say, and none of it is worth considering.
    Last edited by PzKfW IVe; 08-15-11 at 11:10 PM.

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

    Quote Originally Posted by PzKfW IVe View Post
    I see you again cannot address what I said regarding your post and are therefore, unsurprisingly, forced to resort to trying to change the subject.
    Fact of the matter is there is 3x more income among those making under $27.5k/yr than those making >$250k, and so theose people. contrary to your claims, do indeed represent a significant tax base.
    (Please note that these figures represent people who, obviously, DO have jobs, thus negating all of your whinong about unemployment, etc)

    You gleefully continue to fail to address the point that the responsibility to 'contribute' to the society that provides you the benefits you gain from living here exists regardless of how hard it might be to contribute. Please be sure to come back when you can. Until then, you have said all that you can say, and none of it is worth considering.
    The facts say otherwise:

    "While it is true that 51% of Americans did not owe federal income taxes for 2009, this was largely the result of rampant unemployment that led to a steep drop in income for many individuals, according to a report from the Center on Budget and Policy Priorities. At the same time, Congress approved multiple temporary tax credits that year for the unemployed, further reducing or in some cases eliminating their federal tax burden altogether.

    These actions led to an unusually high number of individuals owing no income taxes, but that doesn’t mean they pay no taxes at all.

    Traditionally, about a third of all taxpayers owe no federal income taxes, but as the center points out, the majority of these (70%) are low-income families who do not earn enough to owe federal taxes for the year, students or the elderly, who are not gainfully employed and have no income to report."


    Do Most Americans Really Not Pay Taxes? | Taxes | Money/Investing | Mainstreet
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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by Catawba View Post
    Clearly you aren't privy to the poverty statistics, nor the unemployment statistics, which account for most of those not paying federal income taxes. If you want the poor to pay more in taxes, provide some ****ing jobs. I thought that is what trickle down economics was supposed to do. Where are all the jobs for the all the tax breaks we have given the wealthy?
    ah the typical leftwing response

    You don't have to pay for stuff you use if you "cannot afford" it. HOw about not demanding more and more government unless they can pay for it?



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

    Quote Originally Posted by Catawba View Post
    The facts say otherwise:
    Your 'facts' do not address anything that I said - and so, my post, in its entirety, stands undiminished.

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

    Quote Originally Posted by earthworm View Post
    This is the result of the right-wing spin of the truth.
    The proposed increases are for incomes over and above $250,000.
    The problem is the extremeists, on both sides.
    Ah, yes .. not sure how increasing taxes on those earning above $250,000 would hurt small businesses.
    ~ "the only thing we have to fear is fear itself" ~

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

    Quote Originally Posted by TurtleDude View Post
    ah the typical leftwing response

    You don't have to pay for stuff you use if you "cannot afford" it. HOw about not demanding more and more government unless they can pay for it?
    There, there, now................don't cry.



    Your daddy will return your 3% tax cut when we have lowered our debt.
    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?

    Well I've cruised through the post of this thread.

    Many have given differant opinions, but one caught my eye above the rest.

    It was said that the working class are not paying their fair share of taxes.

    My response to that would be who is?

    However, perhaps I can shead some light on the subject of the working class not paying their fair share of taxes.

    To pay income taxes, you must have an income, to have an income you must have a job.
    6.3 million people have not worked in 6 months , that's in one state.

    If corporate CEOS or rich want the working class to pay more taxes provide more jobs.

    One other thing the corporate .private sector might remember every working class citizen is a customer.

    Without customers profits will slide in the corporate sector., and with globalization coming other countries are just waiting for American customers.
    Last edited by presluc; 08-17-11 at 05:34 PM.
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