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

  1. #231
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    Re: What purpose did the tax cut for the wealthiest serve?

    a leftist attack on the Bush tax cuts does not dispute the reasons advanced for the tax cut. One of the reasons I voted for Bush was I paid too much taxes under clinton and Al gore wanted to jack them up even more. I pay too much for what I get compared with most of the country that gets the same or more and pays far far less



  2. #232
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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by TurtleDude View Post
    Sure, we spend too much on the military and our bases in areas that no longer are subjected to a realistic threat with the collapse of the iron curtain need to be severely downsized, if not closed.
    And we spend too much on optional ME wars.
    As previously stated, we could cut our military spending and reduce the size of government by $350 billion dollars a year and still would be spending 3 times as much as China, the next biggest military spender.

    But the domestic nonsense that limits our global competitive ability as well as feeding the entitlement addictions of millions need to be sliced as well.
    Unlike the military, SS has not added one dime to our debt! Of course we are going to have revisit health care reform as the recent Republican idea of an insurance mandate is but a band-aid.
    Last edited by Catawba; 08-19-11 at 08:17 PM.
    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 LesGovt View Post
    Well, we know that the tax cut for the rich, when considered in aggregate, went heavily to the non-wealthy.
    One would think, that like a clock, you would at least be right twice a day. You continually prove that axiom wrong:

    Tax Cuts Offer Most for Very Rich, Study Says

    "Families earning more than $1 million a year saw their federal tax rates drop more sharply than any group in the country as a result of President Bush’s tax cuts, according to a new Congressional study.

    The study, by the nonpartisan Congressional Budget Office, also shows that tax rates for middle-income earners edged up in 2004, the most recent year for which data was available, while rates for people at the very top continued to decline."
    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

  4. #234
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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by TurtleDude View Post
    a leftist attack on the Bush tax cuts does not dispute the reasons advanced for the tax cut.
    What???
    You claimed it helped out the economy. It clearly did not at all......
    It also added to the deficit...

    One of the reasons I voted for Bush was I paid too much taxes under clinton
    4% more than Bush tax rates is "too much"?

    and Al gore wanted to jack them up even more.
    Uhh you just said a flat out lie... Actually both candidates wanted to cut taxes...

    I pay too much for what I get compared with most of the country that gets the same or more and pays far far less
    Your taxes are at a HISTORIC LOW TURTLE!!!


  5. #235
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    Re: What purpose did the tax cut for the wealthiest serve?

    The Democrats are targeting people who earn above a certain amount. People who own small businesses often pay income taxes as individuals. These people earn enough to have that target on their backs only because of the amount. They are not targeted because they own a smoll business.

  6. #236
    Sage

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

    Quote Originally Posted by TurtleDude View Post
    I pay too much for what I get compared with most of the country that gets the same or more and pays far far less
    Then why don't you move to a country where you feel you get what you pay for?

  7. #237
    Advisor gmeyers1944's Avatar
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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by earthworm View Post
    During the days of the "founding fathers" we had the poor, the serfs, and slaves, along with a small middle class and the wealthy.
    And there was little in the way of taxes.
    Is this what the tea baggers want us to return to ??
    Don't be rediculous. I am a self proclaimed member of the tea party. I recognize that when rich people are targeted for increased taxes, then they don't buy things or use services that employ middle class people like me. For instance, when the rich don't buy fancy boats, the boat builder loses business and some of the middle class employees of that boat builder get laid off.

  8. #238
    Advisor gmeyers1944's Avatar
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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.
    That is the talking point. The truth is all who pay any tax at all get a tax increase.

  9. #239
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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by gmeyers1944 View Post
    The Democrats are targeting people who earn above a certain amount. People who own small businesses often pay income taxes as individuals. These people earn enough to have that target on their backs only because of the amount. They are not targeted because they own a smoll business.
    The proposals being discussed now, target elimination of tax cuts for those making a million dollars and up, which will affect only about one percent of small businesses, like hedge fund managers, etc.
    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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    Advisor gmeyers1944's Avatar
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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by Camlon View Post
    There was never a tax cut just for the wealthy. They are now trying to increase taxes for the wealthy, but Obama is lying. Raising taxes just on the ones earning more than 250K will bring very little revenue. It could also hurt the economy, because the rich may move.

    If Obama really cared about the deficit, he would increase taxes on everyone.
    WRONG, He would cut taxes for everybody. Then he would cut SPENDING. We are spending too much money that we don't have.

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