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

  1. #281
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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by presluc View Post
    I can answer that with one word JOBS.
    More jobs working people pay more taxes leaving the rich to pay less, no working person is going to complain about that.

    As for wealth being taken from you corporations had no problem taking taxpayer dollars when bailouts were given out, nor do they have problems takeing no bid contracts or government grants.
    Money is money wether it's from the SS fund or state and local. or paychecks.
    Corporations has done their fare share of taking from American woking taxes.
    you have no right to a job. a job is a way a corporation obtains labor. If no corporations need labor you don't get a job



  2. #282
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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by TurtleDude View Post
    you have no right to a job. a job is a way a corporation obtains labor. If no corporations need labor you don't get a job
    Corporations are people right Turtle?


  3. #283
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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by TurtleDude View Post
    which is an appeal to class warfare.
    No.. No it is not.... Just because you are taxed more does not mean someone is raging war on you.....

    vote for us-we will tax the rich more so you can have goodies and don't have to pay for them
    Ohhh this bull**** again?
    Welcome to politics, and campaign politics... Its not class warfare its called campaigning to peoples interests...

    most of the justifications spewed by dems for the PIT is based on the specious and dishonest claim that the rich don't pay enough or that a flat tax would be a "tax cut" for the rich (which again appeals to class warfare)
    No... Turtle... No it does not..

    Explain to me Turtle what is class warfare... Explain it to me. Im interested how your brain works..


    claiming to be a democratic socialist really is an admission you want to wage class warfare

    Ehhh kinda...


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

    Quote Originally Posted by TheDemSocialist View Post
    Corporations are people right Turtle?




  5. #285
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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by TheDemSocialist View Post
    No.. No it is not.... Just because you are taxed more does not mean someone is raging war on you.....


    Ohhh this bull**** again?
    Welcome to politics, and campaign politics... Its not class warfare its called campaigning to peoples interests...


    No... Turtle... No it does not..

    Explain to me Turtle what is class warfare... Explain it to me. Im interested how your brain works..




    Ehhh kinda...
    opinions noted-rejected due to clear bias behind the opinions



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

    Quote Originally Posted by TurtleDude View Post
    opinions noted-rejected due to clear bias behind the opinions
    Turtle i just wanted to tell you that you are a great debater...


  7. #287
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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by LesGovt View Post
    In your haste to be cute, you failed to read my posting or you just did not understand it. First, let's look at a definition:

    Aggregate: taking all units as a whole.

    In other words, when I said, "...we know that the tax cut for the rich, when considered in aggregate, went heavily to the non-wealthy," I was talking about the total of all the dollars allocated from the Bush tax cuts for those under $250,000 and those above $250,000. I originally learned this fact from CNN, but cannot locate the link tonight. Here is just one source from which I got my information:

    "An August report by the Congressional Budget Office actually shows a higher figure of $3.9 trillion as the 10-year cost of extending the cuts and patching the AMT. The U.S. Department of Treasury in February estimated the cost a little higher than $3.7 trillion.

    In case you’re curious, extending tax cuts for those earning more than $250,000 a year accounts for about $679 billion for the 10 years while patching the AMT accounts for about $672 billion, according to the nonpartisan Tax Policy Center."


    PolitiFact Virginia | Bobby Scott said the budget will be "close to" balanced in four years if the Bush tax cuts expire on schedule

    By the way, CNN had reported that the figures were total of $3.7 trillion divided thusly: Under $250,000 income - $3 trillion; over $250,000 income - $700 billion.

    What is your point?
    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 ufimych View Post
    It serves the wealthy. A part of class warfare.
    Its time to fight back!

    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

  9. #289
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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by Catawba View Post
    What is your point?
    Four points:

    1. The greatest portion of the Bush tax cuts went to the non-wealthy. If the Dems want revenue for the of lowering the defit, they could find $3.7 trillion savings by ending all of the Bush tax cuts.

    2. In the last GOP debate, one of the questioners asked the candidates if they would agree to a 10 to 1 split between spending cuts and tax increases. If the tax cuts were $3.7 trillion, I would think the Republicans and the Democrats should accept that split. Don't you agree?

    3. The cuts in expenditures should begin year one and continue to rise over the ten years, but the tax increases should only come when the economy has rebounded long enough to be agreed that the recession has truly ended.

    4. My last point was that you were wrong when you said, "One would think, that like a clock, you would at least be right twice a day. You continually prove that axiom wrong:" I enjoyed this part.
    Last edited by LesGovt; 08-22-11 at 08:36 AM.

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

    Quote Originally Posted by LesGovt View Post
    Four points:

    1. The greatest portion of the Bush tax cuts went to the non-wealthy. If the Dems want revenue for the of lowering the defit, they could find $3.7 trillion savings by ending all of the Bush tax cuts.
    That is a way to look at it if suffering is of no concern. The humane perspective however, and has been documented, is that the wealthy received more individual benefit from the temporary Bush tax cuts than did the non-wealthy. With one in seven Americans poor now, many of the working class left unemployed and seniors barely hanging on, it would be stupid to the extreme to place further hardship on those who have already suffered the most.

    It took both 30 years of too little revenues and too much spending to create our debt and its going to take 30 years of the reverse to reduce our debt back to manageable levels

    2. In the last GOP debate, one of the questioners asked the candidates if they would agree to a 10 to 1 split between spending cuts and tax increases. If the tax cuts were $3.7 trillion, I would think the Republicans and the Democrats should accept that split. Don't you agree?
    I thought they should have accepted the 4 to 1 spending cuts to tax revenue increases, but they didn't. Besides, all the GOP candidates raised their hand saying their ideology was more important than reducing the debt.

    3. The cuts in expenditures should begin year one and continue to rise over the ten years, but the tax increases should only come when the economy has rebounded long enough to be agreed that the recession has truly ended.
    I would agree we need to end our optional ME wars immediately and reduce our military back to a defense only size, reducing the deficit spending by $350 billion a year, but there is no reason why we cannot simultaneously eliminate the tax cuts for those making more than one million dollars and increase revenues as well as cutting spending. This way we reduce the deficit without causing further suffering for our citizens.

    4. My last point was that you were wrong when you said, "One would think, that like a clock, you would at least be right twice a day. You continually prove that axiom wrong:" I enjoyed this part.
    Glad you enjoyed it, but you have not shown me to be wrong. Thanks for trying though!
    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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