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

  1. #81
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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by Catawba View Post
    The 400 U.S. taxpayers with the highest adjusted gross income paid income taxes at an actual, or “effective,” rate of just under 17 percent in 2007
    It might have helped if you had actually red what I posted:
    If you're paying more than 4-5% of your gross in Federal income tax, you're doing something wrong.
    The only time I've paid more than 5% is the year that I didn't have a mortgage interest/proprty tax deduction.

    See, you're confusing 'effective tax rate' with 'tax bracket rates' - either because you don't know the difference or admitting that there is a difference doesn't support the point you want to make.

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

    Quote Originally Posted by PzKfW IVe View Post
    Better ask The Obama about that, given that He forced the Democrats to extend those cuts.
    Go check the record, a majority of Congressional Democrats voted against extending the tax cuts. Same with the unfunded war in Iraq. Two of the largest sources of our recent debt that the majority of Democrats voted against and almost all Republicans voted for.
    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 PzKfW IVe View Post
    Out of the >300,000,000 people in the US, mow many of them qualifty as "rich" and then pay $0 in federal income taxes?


    It doesnt matter -why- someone isn't pulling their load - the fact that they are -not- pulling their load remains.
    If you believe that people living here have a responsibility to contribute - contextually, to pay federal income tax - to society so that they may reap the benefits of same, then that responsibility exists regardless of how hard it might be to contribute.
    We can talk about greater hardship on the poor after the rich are once again paying their fair share.
    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
    A bull**** claim that you have never once backed up.
    Thanks for your.... *ahem* Opinion.



    http://www.irs.gov/pub/irs-soi/07in07tr.xls

    http://www.irs.gov/pub/irs-soi/08in07tr.xls
    I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on whats being proposed here, hed agree with it. He would agree that the First Amendment cannot be absolute. - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


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

    Quote Originally Posted by Catawba View Post
    Go check the record, a majority of Congressional Democrats voted against extending the tax cuts.
    I'm sorry -- I didnt see where you'd go ask The Obama about extending GWB's tax cuts for the rich - the ones He campaigned against.
    But then, I understand that you are compelled to defend your Secular Messiah at all costs, and so will do everything you can to ignore this fact.
    Please, continue.

    Same with the unfunded war in Iraq. Two of the largest sources of our recent debt...

    The unfunded -increase- in entitlement spending FY2009 alone exceeds the total current cost of the war in Iraq - but its the WAR that causes the deficits.

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

    Quote Originally Posted by PzKfW IVe View Post
    It might have helped if you had actually red what I posted:

    The only time I've paid more than 5% is the year that I didn't have a mortgage interest/proprty tax deduction.

    See, you're confusing 'effective tax rate' with 'tax bracket rates' - either because you don't know the difference or admitting that there is a difference doesn't support the point you want to make.
    Of course we are talking about effective tax rates (what people actually pay). My mortgage is paid off, no more deduction and the property tax deduction doesn't amount to squat. As Warren Buffett stated, he pays a lower percentage of his income in taxes than the people that clean his building.

    But hey, thanks for your opinion there, internet guy!
    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
    We can talk about greater hardship on the poor after the rich are once again paying their fair share.
    I see that you 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.

    And, how many people qualifty as "rich" and then pay $0 in federal income taxes? I didn't see your response.

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

    Quote Originally Posted by Catawba View Post
    Of course we are talking about effective tax rates (what people actually pay).
    Well then... like I said-- if you're paying more than 4-5%, -you- are doing something wrong.
    Dont blame -your- inability to better manage your finances on anyone but yourself.

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

    Quote Originally Posted by Ockham View Post
    Thanks for your.... *ahem* Opinion.



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    Quite the case you have made there!
    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
    Quite the case you have made there!
    Can't view excel files huh? Try downloading Sun Office (it's free), then get back to me.
    I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on whats being proposed here, hed agree with it. He would agree that the First Amendment cannot be absolute. - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


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