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

  1. #241
    Advisor gmeyers1944's Avatar
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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by Catawba View Post
    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.
    Do you believe that. I DON'T.

  2. #242
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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by gmeyers1944 View Post
    WRONG, He would cut taxes for everybody. Then he would cut SPENDING. We are spending too much money that we don't have.
    So did your hero Reagan. He was the one that started all this "massive spending"...


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    Educator U.S. Socialist.'s Avatar
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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by TheDemSocialist View Post
    So did your hero Reagan. He was the one that started all this "massive spending"...
    He spent more than every president before him combined and he tripled the deficit.

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

    Quote Originally Posted by U.S. Socialist. View Post
    He spent more than every president before him combined and he tripled the deficit.
    But shhhh we dont like to talk about that...


  5. #245
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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by gmeyers1944 View Post
    Do you believe that. I DON'T.
    I have no reason not to believe that is not the case.


    I am guessing you probably also didn't believe that Obama would have provided the middle class tax cut earlier in his administration either, but he did!
    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

  6. #246
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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by Catawba View Post
    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.
    Sounds good to me

  7. #247
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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by gmeyers1944 View Post
    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.
    Why would a small percentage of a millionaire's income disable them from buying? This makes no sense. Sure, if they were actually spending all their money, then they would not be able to buy more products, however, we know that they aren't spending much at all. Do you propose that the millionaires decide not to buy out of spite for the governments tax policies?

  8. #248
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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. 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
    if you are middle class and make under $250,000 per year, than you likely do pay too much taxes ... however, if you make more than that .. how can you complain?

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

    Quote Originally Posted by presluc View Post
    Unfotunatly jobs didn't ,and for tax cuts to be effictive one must pay taxes and to pay taxes one must have a job.
    So you are saying that the non-wealthy should not have received their tax cut. Okay.

  10. #250
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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by Catawba View Post
    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."
    that is a dishonest response. You are ignoring actual dollars-which the rich got less of-versus tax rates.



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