View Poll Results: Should taxes for the middle class be raised on 1 January 2013

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    9 33.33%
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Thread: Should taxes for the middle class be raised on 1 January 2013

  1. #11
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    Re: Should taxes for the middle class be raised on 1 January 2013

    Unfortunately, I do believe (remember - this is only an opinion) that we must return to the taxation levels AND spending levels of the Clinton era. As the only country in the world that can print dollars (legally), we are getting away with a staggering load of irresponsibility.

    We prospered during the 90s, and at least a decent portion of that wealth was spread around to all the classes. If we continue on our present path, we are behaving no more sensibly than Greece or Spain and even we, eventually, will "pay the Piper".

  2. #12
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    Re: Should taxes for the middle class be raised on 1 January 2013

    As retirees, our adjusted gross income is only about $60K for 2012, it won't affect us much if at all....
    Our 2 houses are paid for, our total debt isn't much, and will be zero soon.
    Without debt, it is not that hard to live well.
    I wonder when the govt will figure that out, and stop putting us deeper in debt.
    Both parties do it, and if that isn't unpatriotic, it is at least idiotic...
    Oracle of Utah
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  3. #13
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    Re: Should taxes for the middle class be raised on 1 January 2013

    Quote Originally Posted by specklebang View Post
    Unfortunately, I do believe (remember - this is only an opinion) that we must return to the taxation levels AND spending levels of the Clinton era. As the only country in the world that can print dollars (legally), we are getting away with a staggering load of irresponsibility.

    We prospered during the 90s, and at least a decent portion of that wealth was spread around to all the classes. If we continue on our present path, we are behaving no more sensibly than Greece or Spain and even we, eventually, will "pay the Piper".
    Unfortunately this isn't the 90's and it won't be anytime soon. The only reason spending rested at such reasonable levels in the 90's is because of the absolutely robust economic climate. The economy needed no prodding to incentivise growth, no stimulus to aid in job creation. It was self sustained and continuous growth. It also allowed taxes to be raised without the fear of negatively affecting employment. Our current situation however, is in direct contradiction. Cutting spending at this point could very well undermine already meager growth and further decrease consumption. (See the affects of modest local cuts and the corresponding dip in employment). Raising taxes on everyone (IE Clinton era levels) at this point would also exacerbate the problem. Most disposable income on lower to middle wage earners is currently being used to pay down debt or buy absolute necessities. Raising taxes and further reducing disposable income will not promote the growth necessary to pull us out of this cycle.
    Last edited by a351; 05-18-12 at 07:44 PM.

  4. #14
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    Re: Should taxes for the middle class be raised on 1 January 2013

    Quote Originally Posted by Hare View Post
    No, raising taxes on middle income earners would be highly counterproductive. With consumption growing at an anemic pace (especially among the low to mid wage brackets), removing excess income that could be used to invest, pay off excess debt or spend on discretionary items would only help prolong the trend.
    I would mostly agree with you. This recovery is quite shakey, the last thing we need to do is take away any income from a large segment of society, any amount, no matter how small. The #1 thing both parties should be focused on is the best way to grow demand, reduce unemployment and increase spending by consumers at small and mid-sized businesses. Grassroots economic growth is more solid than speculative bubbles in certain markets.
    Last edited by RadicalModerate; 05-18-12 at 07:59 PM.

  5. #15
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    Re: Should taxes for the middle class be raised on 1 January 2013

    Quote Originally Posted by specklebang View Post
    Unfortunately, I do believe (remember - this is only an opinion) that we must return to the taxation levels AND spending levels of the Clinton era. As the only country in the world that can print dollars (legally), we are getting away with a staggering load of irresponsibility.

    We prospered during the 90s, and at least a decent portion of that wealth was spread around to all the classes. If we continue on our present path, we are behaving no more sensibly than Greece or Spain and even we, eventually, will "pay the Piper".
    Under Clinton we had the dot com boom......are you planning on another one of them...
    "God Bless Our Troops in Harms Way."

  6. #16
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    Re: Should taxes for the middle class be raised on 1 January 2013

    Quote Originally Posted by specklebang View Post
    Unfortunately, I do believe (remember - this is only an opinion) that we must return to the taxation levels AND spending levels of the Clinton era. As the only country in the world that can print dollars (legally), we are getting away with a staggering load of irresponsibility.

    We prospered during the 90s, and at least a decent portion of that wealth was spread around to all the classes. If we continue on our present path, we are behaving no more sensibly than Greece or Spain and even we, eventually, will "pay the Piper".
    We prospered in the 90's thanks to a booming new technology (the internet) and it's resulting dot com bubble, a budget surplus and the simple coincidence that it happened to be an economic upswing. Really, no matter what, the economy rises and falls naturally.

  7. #17
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    Re: Should taxes for the middle class be raised on 1 January 2013

    No. Taxes should stay the same on middle class, and low class. The upper class should be raised and all the loopholes should be closed.


  8. #18
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    Re: Should taxes for the middle class be raised on 1 January 2013

    Quote Originally Posted by UtahBill View Post
    As retirees, our adjusted gross income is only about $60K for 2012, it won't affect us much if at all....
    Our 2 houses are paid for, our total debt isn't much, and will be zero soon.
    Without debt, it is not that hard to live well.
    I wonder when the govt will figure that out, and stop putting us deeper in debt.
    Both parties do it, and if that isn't unpatriotic, it is at least idiotic...


    The problem is in the history of man kind no one has spent or put us in more debt then Hussein Obama........
    "God Bless Our Troops in Harms Way."

  9. #19
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    Re: Should taxes for the middle class be raised on 1 January 2013

    Quote Originally Posted by Navy Pride View Post
    [/B]

    The problem is in the history of man kind no one has spent or put us in more debt then Hussein Obama........
    BS line. The majority of our current debt is Bush's unprecedented war time tax break.

    Since when did every single dollar of our debt become solely Obama's fault?
    Last edited by RadicalModerate; 05-18-12 at 08:02 PM.

  10. #20
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    Re: Should taxes for the middle class be raised on 1 January 2013

    Quote Originally Posted by Navy Pride View Post
    [/B]

    The problem is in the history of man kind no one has spent or put us in more debt then Hussein Obama........
    and that absolves the lesser criminals? like the Bush clan who sacrificed many, many American lives at the altar of their collective ego?
    Oracle of Utah
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