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What purpose did the tax cut for the wealthiest serve?

Catawba said:
My theory is that greed produces an inability to acknowledge that the working class pays a much higher percentage of their total income in taxes than do millionaires and billionaires.
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no one has come close to proving that because it requires massive assumptions and cherry picking the relevant states. but what we do know objectively is that

the top one percent pay far more of the income tax burden than their share of the income. No other group pays such a wide differential and other than those in the top 5% every other group pays a LOWER SHARE of the income tax than their share of the income

the actual dollars paid by the rich are such that the top 5% pay more federal income taxes than the rest of the country combined and the top 10% pay more federal taxes period than the rest of the country combined.

coveting others wealth prevents people from admitting objective facts and forces them to make stuff up
 
TurtleDude said:
what the tax the rich more crowd (ie the leftwing moderate to fringe) haven't figured out is that taxing the rich more doesn't create jobs for the middle class and certainly doesn't motivate the poor and middle class to try to make it to the top.
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That's just more of the same trickle down economics the right wing has been spreading for years that has us where we are today! You expect the working class continue to allow itself to be at the losing end of a class war being waged on us?

Here is proof of that class war:

22 Statistics That Prove The Middle Class Is Being Systematically Wiped Out Of Existence In America

Here are just some of them ~

"83 percent of all U.S. stocks are in the hands of 1 percent of the people.

66% of the income growth between 2001 and 2007 went to the top 1% of all Americans.

Over 1.4 million Americans filed for personal bankruptcy in 2009, which represented a 32 percent increase over 2008.

For the first time in U.S. history, banks own a greater share of residential housing net worth in the United States than all individual Americans put together.

In 1950, the ratio of the average executive's paycheck to the average worker's paycheck was about 30 to 1. Since the year 2000, that ratio has exploded to between 300 to 500 to one.

As of 2007, the bottom 80 percent of American households held about 7% of the liquid financial assets.

The bottom 50 percent of income earners in the United States now collectively own less than 1 percent of the nation’s wealth.

Average Wall Street bonuses for 2009 were up 17 percent when compared with 2008.

The top 1% of U.S. households own nearly twice as much of America's corporate wealth as they did just 15 years ago.

More than 40% of Americans who actually are employed are now working in service jobs, which are often very low paying.

For the first time in U.S. history, more than 40 million Americans are on food stamps, and the U.S. Department of Agriculture projects that number will go up to 43 million Americans in 2011.

Despite the financial crisis, the number of millionaires in the United States rose a whopping 16 percent to 7.8 million in 2009.

Approximately 21 percent of all children in the United States are living below the poverty line in 2010 - the highest rate in 20 years.

Read more: 22 Statistics That Prove The Middle Class Is Being Systematically Wiped Out Of Existence In America
 
Catawba said:
That's just more of the same trickle down economics the right wing has been spreading for years that has us where we are today! You expect the working class continue to allow itself to be at the losing end of a class war being waged on us?

Here is proof of that class war:

22 Statistics That Prove The Middle Class Is Being Systematically Wiped Out Of Existence In America

Here are just some of them ~

"83 percent of all U.S. stocks are in the hands of 1 percent of the people.

66% of the income growth between 2001 and 2007 went to the top 1% of all Americans.

Over 1.4 million Americans filed for personal bankruptcy in 2009, which represented a 32 percent increase over 2008.

For the first time in U.S. history, banks own a greater share of residential housing net worth in the United States than all individual Americans put together.

In 1950, the ratio of the average executive's paycheck to the average worker's paycheck was about 30 to 1. Since the year 2000, that ratio has exploded to between 300 to 500 to one.

As of 2007, the bottom 80 percent of American households held about 7% of the liquid financial assets.

The bottom 50 percent of income earners in the United States now collectively own less than 1 percent of the nation’s wealth.

Average Wall Street bonuses for 2009 were up 17 percent when compared with 2008.

The top 1% of U.S. households own nearly twice as much of America's corporate wealth as they did just 15 years ago.

More than 40% of Americans who actually are employed are now working in service jobs, which are often very low paying.

For the first time in U.S. history, more than 40 million Americans are on food stamps, and the U.S. Department of Agriculture projects that number will go up to 43 million Americans in 2011.

Despite the financial crisis, the number of millionaires in the United States rose a whopping 16 percent to 7.8 million in 2009.

Approximately 21 percent of all children in the United States are living below the poverty line in 2010 - the highest rate in 20 years.

Read more: 22 Statistics That Prove The Middle Class Is Being Systematically Wiped Out Of Existence In America
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non responsive and its spam

1) it blames globalism

2) it has no solutions
 
TurtleDude said:
non relevant and evasive

try again

did they push for the bailout? are they still players in Government Motors?
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Turtledude translator -

You busted me so will act like the threat I just claimed before was still powerful actually is, despite the proof otherwise.
 
TurtleDude said:
non responsive and its spam

1) it blames globalism

2) it has no solutions
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You are so full of it! Disprove any of the statistics from Business Insider, if you can! :sun
 
Catawba said:
Turtledude translator -

You busted me so will act like the threat I just claimed before was still powerful actually is, despite the proof otherwise.
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It is also quite noticeable that Turtle uses the word SPAM to mean "I just do not like this and it disturbs me".
 
Catawba said:
Turtledude translator -

You busted me so will act like the threat I just claimed before was still powerful actually is, despite the proof otherwise.
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half of those don't come close to proving the premise and there are no solutions suggested
 
haymarket said:
It is also quite noticeable that Turtle uses the word SPAM to mean "I just do not like this and it disturbs me".
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I guess you missed the fact (again) that he posted the same thing on another thread
 
TurtleDude said:
half of those don't come close to proving the premise and there are no solutions suggested
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Then you should have no trouble disproving them, which you have yet to do!

The solution is obvious we need to restore balance between the classes just as we did after the greed of the 1920s.
 
presluc said:
What's logical is that America is a capitalist country.
In a capitalist country corporations provide jobs so that Anmerican capitalist workers will by their products
Illogical NO JOS , cause NO JOBS MEANS NO SALE.:peace
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Those words put together the way you did makes no sense.

haymarket said:
And these all important "qualifiers" would be what exactly?
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What is the purpose of taxes? Do you know?
 
Catawba said:
You are so full of it! Disprove any of the statistics from Business Insider, if you can! :sun
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when I post stuff that is of equal factual merit you avoid it. debating by proxy is lame. why don't you tell us in your own words why proof of the middle class disappearing is proven by say the amount of debt "keeping up with the Joneses" middle class families have accumulated?
 
TurtleDude said:
no one has come close to proving that because it requires massive assumptions and cherry picking the relevant states. but what we do know objectively is that

the top one percent pay far more of the income tax burden than their share of the income. No other group pays such a wide differential and other than those in the top 5% every other group pays a LOWER SHARE of the income tax than their share of the income

the actual dollars paid by the rich are such that the top 5% pay more federal income taxes than the rest of the country combined and the top 10% pay more federal taxes period than the rest of the country combined.

coveting others wealth prevents people from admitting objective facts and forces them to make stuff up
Click to expand...

If in fact the rich pay more in taxes they should, why? Just follow the money trail the poor don't have it, the middle class don't have it so the rich must have it, now the only question is how did they accumulate the weath from the poor and middle class, the answer is they stole it by participating in the wall street ponzi schemes ie: derivatives and speculation. This is not rocket science all that has to happen is to drive the price of any life essential product or service up and it forces the middle class and poor to pay more that money goes right to the blood suckers who participate in those schemes

Taxes on the wealthy that have participated in Wall Street schemes should be raised up enough to pay off the national debt and laws should be enacted regulating derivatives and speculation to ensure that 2008 never happens again
 
TurtleDude said:
so the UAW wasn't pushing for the government motors bailout?
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I'm from Michigan pal, the UAW sold out after Nafta was passed now it's run by puppets who take orders from corporations.

Who benifited most from the bailout of GM the workers or the company?:peace
 
presluc said:
I'm from Michigan pal, the UAW sold out after Nafta was passed now it's run by puppets who take orders from corporations.

Who benifited most from the bailout of GM the workers or the company?:peace
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Not people like me who pay tons of taxes and don't own any GM stock
 
EarlzP said:
If in fact the rich pay more in taxes they should, why? Just follow the money trail the poor don't have it, the middle class don't have it so the rich must have it, now the only question is how did they accumulate the weath from the poor and middle class, the answer is they stole it by participating in the wall street ponzi schemes ie: derivatives and speculation. This is not rocket science all that has to happen is to drive the price of any life essential product or service up and it forces the middle class and poor to pay more that money goes right to the blood suckers who participate in those schemes

Taxes on the wealthy that have participated in Wall Street schemes should be raised up enough to pay off the national debt and laws should be enacted regulating derivatives and speculation to ensure that 2008 never happens again
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that is just plain idiotic. many union pensions participated in what you call "wall street schemes"

populist rot ranting about the "bankers" is silly
 
TurtleDude said:
I am still asking why a hard working doctor or lawyer or small business owner should have his taxes jacked up when many other people are paying far less of the income burden than they have in the past
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Simple if many other people had jobs they could pay more taxes.

Let Corporations get their taxes from the people working for them, sorry cheap foriegn labor don't pay American taxes.
Oh well, I guess the burden will fall on those with jobs IRS and all that," speaking for the people without jobs in America due to outsourceing I say to the rich have fun filling out your taxes",those that may be unemployed but at least they won't have to worry about April 15th..:peace
 
presluc said:
Simple if many other people had jobs they could pay more taxes.

Let Corporations get their taxes from the people working for them, sorry cheap foriegn labor don't pay American taxes.
Oh well, I guess the burden will fall on those with jobs IRS and all that," speaking for the people without jobs in America due to outsourceing I say to the rich have fun filling out your taxes",those that may be unemployed but at least they won't have to worry about April 15th..:peace
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so jacking up taxes on those who pay a ton of the taxes is going to create jobs for others?
 
Henrin posted this about taxation in #634

I would think by now people would realize what the qualifiers are, apparently they don't.
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I asked this question to Henrin as he raised the issue of what he called "qualifiers" ?

And these all important "qualifiers" would be what exactly?
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and the reply from Henrin

What is the purpose of taxes? Do you know?
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did I miss the part where you answered the question? Or do you unable to provide information on these "qualifiers" that you introduced into the discussion?
 
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TurtleDude said:
what the tax the rich more crowd (ie the leftwing moderate to fringe) haven't figured out is that taxing the rich more doesn't create jobs for the middle class and certainly doesn't motivate the poor and middle class to try to make it to the top.
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Uhh, it didn't create more jobs when they got bailouts , it wasn;t creating mre jobs befofre bailouts , it's not creating jobs now.

So what's to lose more tax revenue???

FYI, the poor and middle class "what's left of them" are already motivated to go to work , but where are the jobs?:peace
 
presluc said:
Uhh, it didn't create more jobs when they got bailouts , it wasn;t creating mre jobs befofre bailouts , it's not creating jobs now.

So what's to lose more tax revenue???

FYI, the poor and middle class "what's left of them" are already motivated to go to work , but where are the jobs?:peace
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I have to leave but tell me how will jacking up taxes on the top 2 percent create more jobs?
 
TurtleDude said:
half of those don't come close to proving the premise and there are no solutions suggested
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Solutions has been suggested again and again on this and other threads MORE JOBS FOR AMERICAN WORKERS.

If not higher taxes, less product sales keep your eye on the stock market it went down 3 times in August.
It WILL GO DOWN AGAIN ,NOT IF WHEN.:peace
 
Henrin said:
Those words put together the way you did makes no sense.



What is the purpose of taxes? Do you know?
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Ah you must have been listening to Nick Perry's campaign speech a short time ago, I understand your confusion.
It takes awhile to come back to reality after that.
WARNING; Do not listen to Nick Perry alone remember Ruby Ridge.

TAXES IS USED BY THE GOVERNEMENT MAINLY FOR DEFENCE BUT OTHER ISSUES AS WELL.
If you ask for no taxes you'll be going against the Pentagon good luck with that.

I have a question for you.

Where do taxes come from, do you know?
Hint; think paycheck.:peace
 
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TurtleDude said:
that is just plain idiotic. many union pensions participated in what you call "wall street schemes"

populist rot ranting about the "bankers" is silly
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You are typical of republicans you distort the truth in one way or another whether you tell out right lies or just omit facts like you are doing now, I may be idiotic but it only takes following the money trail to get at the truth, the money left the poor and middle class and some how found it's way to those sucking the life blood out of our economy

I worked 60 to 80 hours a week what did you do that you think had more importance then what I or some other person did, are you more valuable then a person who picks crops
 
TurtleDude said:
so jacking up taxes on those who pay a ton of the taxes is going to create jobs for others?
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That's not my point, creating jobs more people pay taxes leaving the rich to pay less.
NO creating jobs more people without money , more people without money less taxes paid by worling people more taxes for rich people.

MATH IS MATH, MAN.

The IRS can not take taxes from unemployed people.
They can take more taxes from rich people , it's been done before, without jobs it WILL be done again..:peace
 
TurtleDude said:
I have to leave but tell me how will jacking up taxes on the top 2 percent create more jobs?
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Unemployment across America is higher than 2%.

This should be easy for you, think money.

The more people that are working the more taxes are going into the American government.
If not the government will get their tax money in other areas like rich areas.:peace
 
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