View Poll Results: Is it raising taxes

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  • Yes it is, explain

    12 40.00%
  • No it isn't, explain

    14 46.67%
  • Other

    4 13.33%
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Thread: Is allowing a temporary tax cut to expire raising taxes

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    Is allowing a temporary tax cut to expire raising taxes

    Pretty simpe here.

    A Tax Cut is passed and is set to be temporary.

    The time period for that temporary cut to expire is about to occur.

    Attempts to extend the "temporary" time period fails.

    Is the expiration of the temporary tax cut an example of "raising taxes".

    Are those who vote against such a temporary extension voting in to "raise taxes"?

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    Re: Is allowing a temporary tax cut to expire raising taxes

    Yes and no.

    It is raising taxes in the sense that what you're currently paying might increase.

    It is not a tax raise in the sense that it wasn't there before and now it is.
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    Re: Is allowing a temporary tax cut to expire raising taxes

    According to the GOP, it is in the case of Bush's tax cuts for the rich, but not in the case of a payroll tax cut for the average person. Because they say so.
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    Re: Is allowing a temporary tax cut to expire raising taxes

    Do your taxes go up or down after a tax cut you got is allowed to expire? They do go up and as a result you are paying more taxes.Therefore it is a tax increase.

    If all these people the 46% who do not pay federal income taxes lost all the deductions and had to pay 10,15 or 25 percent or more depending on what income tax bracket they fell into, would these people's taxes go up?

    46 Percent of Americans Exempt From Federal Income Tax in 2011
    Tax Brackets (Federal Income Tax Rates) 2000 through 2011
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    Re: Is allowing a temporary tax cut to expire raising taxes

    Not continuing a tax cut translates into an increase. Unless the math is incorrect.
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    Re: Is allowing a temporary tax cut to expire raising taxes

    This just goes to show how silly our political discussions have become.

    Raising taxes after lowering them by the same amount may be a tax increase, but it's not an increase in the level of taxation in the long term. The discussion should be about how high or low taxes should be NOW, not whether it's going up or down or whatever. The idea that we should never ever raise a tax rate, even if some other tax goes down or has gone down in the past, is simplistic Norquistian idiocy.
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    Re: Is allowing a temporary tax cut to expire raising taxes

    I chose "other" because it's a matter semantics, it depends upon where you're coming from, cases can be made for both "yes" and "no."

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    Re: Is allowing a temporary tax cut to expire raising taxes

    Attempts to extend the "temporary" time period fails.

    Is the expiration of the temporary tax cut an example of "raising taxes".

    Are those who vote against such a temporary extension voting in to "raise taxes"?
    Only if we're creating our own definitions. If something is temporary....then it was created as something that would eventually no longer be around. If it was created to be permanant...then it should of been passed as permanant.
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

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    Re: Is allowing a temporary tax cut to expire raising taxes

    Quote Originally Posted by misterman View Post
    According to the GOP, it is in the case of Bush's tax cuts for the rich, but not in the case of a payroll tax cut for the average person. Because they say so.
    Thank you for the wonderfully one sided partisan input that ignores there are people on the left that claimed that letting the Bush Tax Cuts expire wasn't raising taxes but claiming the Republicans were in favor of a tax hike by voting against extending the pay roll tax cut.

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    Re: Is allowing a temporary tax cut to expire raising taxes

    Figure I'll add my own input...

    For me, this is the same as in December

    Is it a "tax increase"? Essentially, yes for the average person. One day your tax is X, the next day your tax is X + Y. (X+Y) is > X, therefore your taxes increased. Regardless of WHY it did, that's the essential gist of it.

    The problem is that there is no such thing as "temporary" in our government. There are simply things that have sunsets but they always allow a vote to essentially go "lets extend it". There's never a guarantee that a tax rate drop, or hike, is going to go away so banking on it doing so is being unrealistic and naive imho.

    Voting to not extend something and thus allow it to expire is essentially casting your vote in favor of raising taxes (in the case of a temporary cut, "raising" it to the level it was before). This was true in regards to Democrats looking to raise taxes by allowing the Bush Tax cuts to expire or Republicans allowing this pay roll tax cut to expire.

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