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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?

    Quote Originally Posted by TurtleDude View Post
    so you believe one millionaire-now i am not talking like ted turner but someone who has a couple million in assets and is paying taxes on an income of 200-400K a year-that man is paying more income tax dollars in a year than tens of millions other americans.

    so using your confused logic, that millionaire is using more government assets than say 80 million who pay no income taxes?

    and using Ipast's class envy based nonsense-that millionaire is not paying enough but all those people who are paying nothing would be overtaxed if that had to pay say 100-1000 a year
    Look man Im agreeing with you totally. Just as not all rich will use the government services provided to them to the fullest neither will the poor and middle class, at least not directly. Of course when a little girl is kidnapped though that is covered by the news is it from a poor family out in a trailer park or a well off family the FBI is using their assets for? If you think you are getting so over taxed TD why not go to one of the other many industrialized nations that will treat you "fairer"?
    "We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and that’s crazy." -Reagan

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

    Quote Originally Posted by JohnWOlin View Post
    Look man Im agreeing with you totally. Just as not all rich will use the government services provided to them to the fullest neither will the poor and middle class, at least not directly. Of course when a little girl is kidnapped though that is covered by the news is it from a poor family out in a trailer park or a well off family the FBI is using their assets for? If you think you are getting so over taxed TD why not go to one of the other many industrialized nations that will treat you "fairer"?
    what are you blabbering about? why should I leave, my family's been here for centuries
    its those who brag how great eurosocialism is or why the USA ought to be more like europe who should GTHO



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

    Quote Originally Posted by TurtleDude View Post
    what are you blabbering about? why should I leave, my family's been here for centuries
    its those who brag how great eurosocialism is or why the USA ought to be more like europe who should GTHO
    And your family paid higher taxes all those decades ago with far less services and even less government...how does trying to find ways to lower taxes on anybody even more make sense? I'm all for cuts in fact I think with revenues and cuts Congress could have easily done much more but they are all pussies. The ones you root for got most of what they wanted yet they still couldn't vote for the measures.
    "We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and that’s crazy." -Reagan

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

    Quote Originally Posted by naturalrights View Post
    But you see that's what I don't understand. First off, how would increased income taxes for the wealthy create uncertainty? Isn't business going to continue as usual? When I am taxed more heavily, I just find new ways to make more money. In order to do this, I am going to have to preform better and as a result my company is going to have to grow .. last time I checked this means good things for stock holders .. am I missing something?
    So folks understand what was said above, what the man is saying is when businesses have to pay a higher "fee" - a tax - to do business, they find ways to work harder to earn more money. And since their taxes are the lowest they've been in over 30 years, there hasn't been much of an incentive for them to produce more - to put more inventory away. How often over the holiday season have we heard reports of sales increases because of increased demand on goods and services? What motivated consumers to fill department stores to purchase merchandise? Was it the low retail price or the low sales tax?

    Answer: They lowered retail prices.

    As such, consumer demand increased, but tax rates remained the same. I can see that logic. It follows the law of supply and demand. But surely personal income of average consumers come into play somehow?

    If there's a high rate of unemployment, doesn't that mean there are fewer customers to purchase goods? Moreover, some businesses have lowered prices. Have you evidence that their profits are up if lower prices incentivizes increased demand?

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

    Quote Originally Posted by TurtleDude View Post
    yeah lets make the richest one percent pay more of the federal tax burden than the 95% who already pay less than the top 5%. You libs constantly whine that the tax system should not be based on efficient income collection but rather avenging your hatred of the rich and your failure to be rich.

    what drives massive government is not the rich getting "tax cuts" (in reality the rest of society is paying less of the tax burden now than at any time in the last 70 years and in eurosocialist nations, the rich do not pay a higher share of the tax burden than their share of the income) but rather the fact too many people DO NOT PAY FOR GOVERNMENT AND THUS DEMAND MORE AND MORE OF IT
    And you conservatives are so math deficient it is amazing you survived the 5th grade!!

    If the top 1% of the nation earns most of the nations income?? Why do you have issus with them paying most of the taxes?? The fact of the matter is that you don't know who pays what or how much because you are either watching Fox News to much, or listening to the other morons on television..

    So why don't you explain to the rest of us, why shouldn't the top 1% that earns the most income not pay the most taxes?? Insteading of being a jerk and slamming liberals who obviously know a heck of a lot more than you on the issue..

    It isn't hatred of the rich.. It is called math!! Get to know it and learn it!! That is of course you want to continue making a fool and a jerk out of youself..

    Who Rules America: Wealth, Income, and Power

    That is why the rich should pay the most taxes!! Let me know if the numbers are to big for you.. I'll see if I can find some blocks or something to make it easier..
    Last edited by DemonMyst; 08-07-11 at 02:39 AM.

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

    Quote Originally Posted by Иосиф Сталин View Post
    Sorry, I did this the wrong way.

    I'll be posting it right. Just give me a sec.
    what purpose.

    it served to increase private wealth, increase government revenues, and make our tax system more progressive.

    why do you ask?

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

    Whatever the purpose, The Obama found it sufficient to force the Dems to extend them, directly contributing to the S+P downgrade.

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

    Quote Originally Posted by DemonMyst View Post
    So why don't you explain to the rest of us, why shouldn't the top 1% that earns the most income not pay the most taxes?
    Sure - which would, of course, happen if everyone paid the same rate.

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

    Can someone give me some examples to why plutocracy is such an awful method of rule? I have seen nothing to prove this.

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

    Quote Originally Posted by DemonMyst
    And you conservatives are so math deficient it is amazing you survived the 5th grade!!

    If the top 1% of the nation earns most of the nations income?? Why do you have issus with them paying most of the taxes?? The fact of the matter is that you don't know who pays what or how much because you are either watching Fox News to much, or listening to the other morons on television..

    So why don't you explain to the rest of us, why shouldn't the top 1% that earns the most income not pay the most taxes?? Insteading of being a jerk and slamming liberals who obviously know a heck of a lot more than you on the issue..

    It isn't hatred of the rich.. It is called math!! Get to know it and learn it!! That is of course you want to continue making a fool and a jerk out of youself..

    Who Rules America: Wealth, Income, and Power

    That is why the rich should pay the most taxes!! Let me know if the numbers are to big for you.. I'll see if I can find some blocks or something to make it easier..
    First of all, proofread your post before you start equating any conservative here to being the mental equivalent of a junor high student. To begin with, learn to differentiate between the need for "to" and "too".

    Second, if you're all about math and statistics, here are some simple truths: The top 1% of wage-earners in America? They pay more than the bottom 96% combined. They pay over half of all tax burden (I think 52% was the number I was given the last time I looked it up). And as far as income taxes? Over half of employed Americans don't pay one red cent. That poor, downtrodden proletariat...

    Third, excessive use of the ad-hom makes your post go from incorrect and grammatically pathetic to just plain laughable. Straighten up and repost it, if you want to have a shred of credibility given to you and your soapbox.

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