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What purpose did the tax cut for the wealthiest serve?

Was it Obama's policies that lead us into the first depression since the 1930's, or was it Republican policies?
Depression?
Really dude - after this bit of bigoted, partisan hyperbole, there's absolutely no reason to take you seriously.
 
More of the same whiny ****. Its not FAIR that the wealthy have succeeded and the poor and low income people are such dismal failures. Make the rich take care of them!

Meanwhile...

LONDON (AP) -- Britain must confront a culture of laziness, irresponsibility and selfishness that fueled four days of riots which left five people dead, thousands facing criminal charges and hundreds of millions in damages, Prime Minister David Cameron acknowledged Monday.

As rival political leaders staked out their response to England's unrest, Cameron pledged to deliver a raft of new policies by October aimed at reversing the "slow-motion moral collapse" which he blames for fostering the disorder.

"This has been a wake-up call for our country. Social problems that have been festering for decades have exploded in our face," Cameron told an audience at a youth center in Witney, his Parliamentary district in southern England. "Just as people last week wanted criminals robustly confronted on our street, so they want to see these social problems taken on and defeated."

took em long enough to realize...the social services explosion has created a bunch of crippled and dependent pets and they sure do get uppity when someone starts cutting back on the free cheese. Whiny ****s. Stand up for once in your lives. Stop expecting others to provide for you.

So where did that editorial come from?
 
I see that you AGAIN 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.

I addressed the point - you can't get blood out of a ****ing turnip!!! How the hell do you expect poor people to pay more taxes if they do not have a job????
Where are all the jobs that trickle down economics was supposed to bring us???

Guessing you didn't actually read your cite...

Yes, I read the news article and I don't think it helps your case that rich people are investing their income overseas. Why the hell should we give them tax breaks if the money is not going to trickle down, in this country???
 
I'm sorry that you don't like the fact that The Obama forced the extension of GWB's tax cuts for the rich... but your failure to address the point is still a failure to address the point.

You want me to address your revisionist history? Very well, Obama did not force the extension of the GWB tax cuts for the rich, and a majority of Democrats voted against it. He did not want to further hurt the middle class by not extending the Bush tax cuts for the middle class, and to protect unemployment benefits for the jobless, as the GOP had publicly stated they were willing to block funding for unemployment benefits if they did not get to keep the tax cuts for the rich.

Until now, as it is currently in the red. And, of course, SS is only part of our entitlement spending.

Nope, you are wrong, the treasury department has said that SS is solvent until 2036. In order to make it solvent beyond that for the long-term, all that needs to be done is raise the FICA cap from the current $106,000 to $180,000.


And thus, represents an unfunded increase in entitlement spending.

We face an increase in health care spending, period. Whether it is through the government or through private insurance. Either way, until we address the root problem, the world's most expensive health care system, people are going to pay more for health care. The only way to address that root problem is to upgrade our health care system as the rest of the industrialized world has done.

That you can ignore a $500B unfunded increase in entitlement spendng - in just ONE year - when assigning blame for the deficts only denotes your extreme partisanship and inabaility to exercise any degree of intellectual honesty.

Are you aware that to pay for the unfunded wars that we decided to take money from SS to help pay for them instead of eliminating the tax cuts for the rich. Now its time to pay the piper, and the rich are going to have to give up their tax breaks to help pay it back.
 
Ikari,

We do not have the lowest tax rate for corporations. It is our tax rates, unions, and government mandated unemployment and other programs that are hurting big business in the US. I live in Vermont and we had, for the longest time, housed some very successful and large companies. We were the home to such companies as Ben and Jerry's ice cream, Burton snowboard, and IBM. Every since we began leaning on these companies for more tax revenue they have slowly disappeared. Burton is outsourcing to India, IBM is consistently laying off workers and sending jobs out of state and out of country, and Ben and Jerry's sold the company to an out of state company. Our pressuring of increase tax has forced businesses to run from the state.
This is what is happening on the federal level now. It is impossible for US based companies to compete globally when the overhead of their competitors is a fraction of the US companies'. So the rich that are in charge of these corporations are making big bucks, but is it not their right to do so? Did we not grow as an economy and an economic leader in the global market by being the land of opportunity and growth? Are you suggesting we become more like China and have the government regulate our income and finances? If we want to remain a leader in today’s world we need to have a foundation that encourages growth and provides opportunity for financial stability and prosperity. It is my view that I know what I want and how to get it better then the government. The best way for the government to be of help to us is to get out of the way.
 
I addressed the point - you can't get blood out of a ****ing turnip!!! How the hell do you expect poor people to pay more taxes if they do not have a job????
You are -clearly- not privy to the distribution of income in the US.
If you were aware of such information, you'd know that people maing $27.5k/yr have ~3x the aggregate income of people making >250k
So... there's PLENTY of wealth among the 'poor', hardly the 'turnip' you'd like people to think.
PINC-11--Part 2

And so...
You have YET again 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.

Yes, I read the news article and I don't think it helps your case that rich people are investing their income overseas.
Funny how you change tack when your source dosn't say what you want it to say.
Sorry that the 'millionares pay $0 in taxes' thing didnlt work out for you.
:lol:
 
You are -clearly- not privy to the distribution of income in the US.
If you were aware of such information, you'd know that people maing $27.5k/yr have ~3x the aggregate income of people making >250k
So... there's PLENTY of wealth among the 'poor', hardly the 'turnip' you'd like people to think.
PINC-11--Part 2

And so...
You have YET again 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.


Funny how you change tack when your source dosn't say what you want it to say.
Sorry that the 'millionares pay $0 in taxes' thing didnlt work out for you.
:lol:

Clearly you aren't privy to the poverty statistics, nor the unemployment statistics, which account for most of those not paying federal income taxes. If you want the poor to pay more in taxes, provide some ****ing jobs. I thought that is what trickle down economics was supposed to do. Where are all the jobs for the all the tax breaks we have given the wealthy?
 
Clearly you aren't privy to the poverty statistics, nor the unemployment statistics, which account for most of those not paying federal income taxes. If you want the poor to pay more in taxes, provide some ****ing jobs. I thought that is what trickle down economics was supposed to do. Where are all the jobs for the all the tax breaks we have given the wealthy?
I see you again cannot address what I said regarding your post and are therefore, unsurprisingly, forced to resort to trying to change the subject.
Fact of the matter is there is 3x more income among those making under $27.5k/yr than those making >$250k, and so theose people. contrary to your claims, do indeed represent a significant tax base.
(Please note that these figures represent people who, obviously, DO have jobs, thus negating all of your whinong about unemployment, etc)

You gleefully continue to fail 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. Please be sure to come back when you can. Until then, you have said all that you can say, and none of it is worth considering.
 
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I see you again cannot address what I said regarding your post and are therefore, unsurprisingly, forced to resort to trying to change the subject.
Fact of the matter is there is 3x more income among those making under $27.5k/yr than those making >$250k, and so theose people. contrary to your claims, do indeed represent a significant tax base.
(Please note that these figures represent people who, obviously, DO have jobs, thus negating all of your whinong about unemployment, etc)

You gleefully continue to fail 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. Please be sure to come back when you can. Until then, you have said all that you can say, and none of it is worth considering.

The facts say otherwise:

"While it is true that 51% of Americans did not owe federal income taxes for 2009, this was largely the result of rampant unemployment that led to a steep drop in income for many individuals, according to a report from the Center on Budget and Policy Priorities. At the same time, Congress approved multiple temporary tax credits that year for the unemployed, further reducing or in some cases eliminating their federal tax burden altogether.

These actions led to an unusually high number of individuals owing no income taxes, but that doesn’t mean they pay no taxes at all.

Traditionally, about a third of all taxpayers owe no federal income taxes, but as the center points out, the majority of these (70%) are low-income families who do not earn enough to owe federal taxes for the year, students or the elderly, who are not gainfully employed and have no income to report."


Do Most Americans Really Not Pay Taxes? | Taxes | Money/Investing | Mainstreet
 
Clearly you aren't privy to the poverty statistics, nor the unemployment statistics, which account for most of those not paying federal income taxes. If you want the poor to pay more in taxes, provide some ****ing jobs. I thought that is what trickle down economics was supposed to do. Where are all the jobs for the all the tax breaks we have given the wealthy?

ah the typical leftwing response

You don't have to pay for stuff you use if you "cannot afford" it. HOw about not demanding more and more government unless they can pay for it?
 
The facts say otherwise:
Your 'facts' do not address anything that I said - and so, my post, in its entirety, stands undiminished.
:shrug:
 
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.

Ah, yes .. not sure how increasing taxes on those earning above $250,000 would hurt small businesses.
 
ah the typical leftwing response

You don't have to pay for stuff you use if you "cannot afford" it. HOw about not demanding more and more government unless they can pay for it?

There, there, now................don't cry.

baby-crying-300x199.jpg


Your daddy will return your 3% tax cut when we have lowered our debt.
 
Well I've cruised through the post of this thread.

Many have given differant opinions, but one caught my eye above the rest.

It was said that the working class are not paying their fair share of taxes.

My response to that would be who is?

However, perhaps I can shead some light on the subject of the working class not paying their fair share of taxes.

To pay income taxes, you must have an income, to have an income you must have a job.
6.3 million people have not worked in 6 months , that's in one state.

If corporate CEOS or rich want the working class to pay more taxes provide more jobs.

One other thing the corporate .private sector might remember every working class citizen is a customer.

Without customers profits will slide in the corporate sector., and with globalization coming other countries are just waiting for American customers.:peace
 
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There, there, now................don't cry.

baby-crying-300x199.jpg


Your daddy will return your 3% tax cut when we have lowered our debt.

another bit of infantile nonsense. we won't lower our debt because the dems will spend more than even the most optimistic revenue increases that will come from tax hikes and tax hikes will be used by dems to justify more spending
 
Well I've cruised through the post of this thread.

Many have given differant opinions, but one caught my eye above the rest.

It was said that the working class are not paying their fair share of taxes.

My response to that would be who is?

However, perhaps I can shead some light on the subject of the working class not paying their fair share of taxes.

To pay income taxes, you must have an income, to have an income you must have a job.
6.3 million people have not worked in 6 months , that's in one state.

If corporate CEOS or rich want the working class to pay more taxes provide more jobs.

One other thing the corporate .private sector might remember every working class citizen is a customer.

Without customers profits will slide in the corporate sector., and with globalization coming other countries are just waiting for American customers.:peace

you claim people need jobs to pay taxes which is true

however you seem to think people have a right to demand more and more government that they themselves cannot afford

if you cannot afford to pay taxes for what you use you should stop demanding others pay for what you want
 
another bit of infantile nonsense. we won't lower our debt because the dems will spend more than even the most optimistic revenue increases that will come from tax hikes and tax hikes will be used by dems to justify more spending

The Dems spend no more than the GOP, they just have different priorities. I support cutting $350 billion a year in wasteful military spending. Discontinue the tax cuts for the rich and that's another $100 billion a year in deficit reduction. That is almost a half trillion a year in deficit reduction, which is more than anything suggested by the GOP, and we place no further hardship in those who are already suffering.
 
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you claim people need jobs to pay taxes which is true

however you seem to think people have a right to demand more and more government that they themselves cannot afford

if you cannot afford to pay taxes for what you use you should stop demanding others pay for what you want

Please translate when you have sobered up. No one knows what the hell that is supposed to mean. LOL!
 
Please translate when you have sobered up. No one knows what the hell that is supposed to mean. LOL!

People who can read and think free of emotion do. If you cannot afford more and more government you shouldn't want others to pay for it when you cannot
 
People who can read and think free of emotion do. If you cannot afford more and more government you shouldn't want others to pay for it when you cannot

Are you saying you are against democracy or that you are against voting rights for all, i.e. you would rather that those who pay the most taxes have the most voting power? If this is correct, I don't know what you are complaining about as currently corporations (the biggest tax payers) have more power than the government itself ... they are essentially extremely powerful mobs. Again, given what it seems you are asking, I don't think you have anything to complain about.
 
Ikari,

We do not have the lowest tax rate for corporations. It is our tax rates, unions, and government mandated unemployment and other programs that are hurting big business in the US. I live in Vermont and we had, for the longest time, housed some very successful and large companies. We were the home to such companies as Ben and Jerry's ice cream, Burton snowboard, and IBM. Every since we began leaning on these companies for more tax revenue they have slowly disappeared. Burton is outsourcing to India, IBM is consistently laying off workers and sending jobs out of state and out of country, and Ben and Jerry's sold the company to an out of state company. Our pressuring of increase tax has forced businesses to run from the state.
This is what is happening on the federal level now. It is impossible for US based companies to compete globally when the overhead of their competitors is a fraction of the US companies'. So the rich that are in charge of these corporations are making big bucks, but is it not their right to do so? Did we not grow as an economy and an economic leader in the global market by being the land of opportunity and growth? Are you suggesting we become more like China and have the government regulate our income and finances? If we want to remain a leader in today’s world we need to have a foundation that encourages growth and provides opportunity for financial stability and prosperity. It is my view that I know what I want and how to get it better then the government. The best way for the government to be of help to us is to get out of the way.

Please. Other places like Germany have much higher tax rates, much stronger regulation of business (including safety and worker compensation), have universal health care, etc. Their companies are not fleeing from Germany to produce other places. Europe in general has higher tax rates and more social programs including things such as universal healthcare and they are doing alright. Why there and not here? Other than our corporations hold no loyalties anymore and will ship production off to any country which will allow near slave labor?

I say let these companies go. When they're out; hike up tariffs. Rich people aren't special because they are rich; we can replace them. Plenty of people in line who want to be rich in America and will be willing to follow the law.
 
2) high death and income taxes prevent others from making it to the top.

Others already have a hard time making it to the top due to the mixing of government and corporation. Economic mobility is being bred out through law and corporate practices. The days where any man can pull himself up by the bootstraps and make a fortune are coming to a close. It's not entirely impossible just yet; but getting there.
 
you claim people need jobs to pay taxes which is true

however you seem to think people have a right to demand more and more government that they themselves cannot afford

if you cannot afford to pay taxes for what you use you should stop demanding others pay for what you want

I demand nothing but my point is not class warfare or the old blame game.


The point I was making at the time of this post was if working people don't have jobs not only do they not pay taxes they don't buy or invest.
Check the stock market this morning did ya?

If the working class goes down the boys on Wall street will eventualy start to sweat,the corporations inventory will get bigger each year.:peace
 
People who can read and think free of emotion do. If you cannot afford more and more government you shouldn't want others to pay for it when you cannot

Funny I thoght it said "WE THE PEOPLE" not "WE THE RICH":peace
 
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