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Obama Seeks to End Tax Breaks to Pay for Jobs Plan

Snevert said:
There are massive spending cuts. If nothing is done by the end of the year there would be an automatic $2 trillion and some change cut in the deficit, which is roughly 1/7th of the whole deficit. And that's less than 6 months away, at that rate we won't have a deficit by the end of this decade. What other excuses can someone give to hang on to their tax breaks? Also, when does the Republican complaining ever end? Obama proposed tax credits to businesses who hire people and a cut to payroll taxes. What's so bad about that?
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those who already pay too much income tax and all the death tax should be the last ones Obumble demands pay more taxes

its time for the government to go on a massive diet and its time for the entitlement addicts to get a serious dose of cold turkey
 
TurtleDude said:
how about more people stop demanding others pay for them and they start paying for themselves. Its not my fault some people are unproductive, unambitious or untalented.
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Yawn..and the broken record just keeps skipping in the same place
 
Snevert said:
There are massive spending cuts. If nothing is done by the end of the year there would be an automatic $2 trillion and some change cut in the deficit, which is roughly 1/7th of the whole deficit. And that's less than 6 months away, at that rate we won't have a deficit by the end of this decade. What other excuses can someone give to hang on to their tax breaks? Also, when does the Republican complaining ever end? Obama proposed tax credits to businesses who hire people and a cut to payroll taxes. What's so bad about that?
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If a GOP president does it, it's called corporate welfare. These "payroll taxes" go to S.S., again if a GOP president had suggested we further cut funding for S.S. there would be massive calls for his head.
 
TurtleDude said:
how about more people stop demanding others pay for them and they start paying for themselves. Its not my fault some people are unproductive, unambitious or untalented.
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You did state this in post #324 didnt you?(then making those who don't pay a reasonable amount of taxes pay some)

My suggestion was a way for those scraping along at the poverty level to pay a percentage of there wages, as well those setting on a ton of dough to pay their fair share as well.Whats wrong with my idea?
 
lpast said:
Yawn..and the broken record just keeps skipping in the same place
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yeah the pitiful whining about those who have failed to achieve does get old
 
donc said:
You did state this in post #324 didnt you?(then making those who don't pay a reasonable amount of taxes pay some)

[FONT=&]My suggestion was a way for those scraping along at the poverty level to pay a percentage of there wages, as well those setting on a ton of dough to pay their fair share as well.[/FONT]Whats wrong with my idea?
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the top 5% pay more income taxes than the rest of the nation. clearly that top 5% are paying their fair share and often much more
 
TurtleDude said:
the top 5% pay more income taxes than the rest of the nation. clearly that top 5% are paying their fair share and often much more
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Quote TurtleDude

then making those who don't pay a reasonable amount of taxes pay some
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My suggestion was that we stick the working poor with a 15% tax hike, those collecting capitol gain's a 10% hike and you still don't think that is reasonable?:shock:

What would you consider a reasonable % of wages the working poor should pay?
 
donc said:
My suggestion was that we stick the working poor with a 15% tax hike, those collecting capitol gain's a 10% hike and you still don't think that is reasonable?:shock:

What would you consider a reasonable % of wages the working poor should pay?
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there should be no hikes on the LTCG tax
 
TurtleDude said:
there should be no hikes on the LTCG tax
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I agree. Those who have enough money that they can afford to not only pay their living expenses, but also invest have earned the right to pay lower tax rates than those who must live off wages.
 
vvx said:
I agree. Those who have enough money that they can afford to not only pay their living expenses, but also invest have earned the right to pay lower tax rates than those who must live off wages.
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the more you pay the lower your rates should be works for me. after all, a millionaire paying 10% in income taxes pays much more for the same citizenship benefits than someone making 45K who pays 20%
 
TurtleDude said:
there should be no hikes on the LTCG tax
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Why not collect tax on the biggest source of income of top Corp CIO’s? To me it don’t make a lot of sense not to.They earned the dough why should they not pay taxes ON ALL of it?
 
donc said:
Why not collect tax on the biggest source of income of top Corp CIO’s? To me it don’t make a lot of sense not to.They earned the dough why should they not pay taxes ON ALL of it?
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what are you talking about? are you referring to the SS "contributions" rather than income taxes.

what benefits do rich people get for paying so much taxes?
 
TurtleDude said:
what are you talking about? are you referring to the SS "contributions" rather than income taxes.

what benefits do rich people get for paying so much taxes?
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Now that you brought it up. YEAH!!SS should be paid on at least half of the SALARY portion of their wages, particularly those making about ten times more in CAPITAL GAINS wages per year. MEDICARE too.

Such as. $11,358,445 Average CEO Pay at S&P 500 Companies , the salary portion which averaged $1,093,989 in 2010 when total wages were $11,358,445.

With numbers like that SS and Medicare looks like chump change,another 15% tax wouldn't be out of line either.But I would let them skate with only a 10% hike on top of the present 15%. :2wave:
 
donc said:
My suggestion was that we stick the working poor with a 15% tax hike, those collecting capitol gain's a 10% hike and you still don't think that is reasonable?:shock:

What would you consider a reasonable % of wages the working poor should pay?
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Maybe you should ask Jan Schkowsky (sp?) she refuses to answer that exact question.

But the fact that the top 10% of earners in this country pay roughly 70% of all income tax revenue collected, while 47% of this country pays NO income tax at all, shouldn't your question be how can we get those NOT paying to carry their own load?

As to your question for what the working poor should pay, I would say something. Hell, 1% would make them a participant, rather than a recipient.

j-mac
 
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donc said:
Now that you brought it up. YEAH!!SS should be paid on at least half of the SALARY portion of their wages, particularly those making about ten times more in CAPITAL GAINS wages per year. MEDICARE too.

Such as. $11,358,445 Average CEO Pay at S&P 500 Companies , the salary portion which averaged $1,093,989 in 2010 when total wages were $11,358,445.

With numbers like that SS and Medicare looks like chump change,another 15% tax wouldn't be out of line either.But I would let them skate with only a 10% hike on top of the present 15%. :2wave:
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Why not just frame it the way you seem to think here. Those individuals making huge salaries are just stealing from the poor right? So why is it you think that income is only that which government allows you to keep....?

As a former USSR worker answered when asked about why he continues to work in that climate, he said.. "They pretend to pay me, and I pretend to work..."

Yeah that works out great.

j-mac
 
j-mac said:
j-mac
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I erased most of your opinions and crystal ball gazens, hope you don’t mind. :2wave:

What is wrong with asking someone that makes TEN TIMES THEIR salary in so-called bonus/stock options, whatever you call it, to pay more than the 15% capitol gains tax?

For instance; In 2010 Average CEO Pay at S&P 500 Companies . Salary= $1,093,989 paying the same tax rate as you and I on it.


Bonus/ stock options/whatever they could worm in and tax at the capitol gains rate of 15%…. $11,358,445.

If the poor rich dude paid the full The full Monty of SS,s $106000 and change ,it would be paid in full in around one day and six hours.But of course he pays nothing on it as he has already paid it on his…coff,coff,salary.
 
j-mac said:
But the fact that the top 10% of earners in this country pay roughly 70% of all income tax revenue collected, while 47% of this country pays NO income tax at all, shouldn't your question be how can we get those NOT paying to carry their own load?

As to your question for what the working poor should pay, I would say something. Hell, 1% would make them a participant, rather than a recipient.

j-mac
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From my post #332

My suggestion was that we stick the working poor with a 15% tax hike, those collecting capitol gain's a 10% hike and you still don't think that is reasonable?
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Try to keep up.:2wave:
 
j-mac said:
Maybe you should ask Jan Schkowsky (sp?) she refuses to answer that exact question.

But the fact that the top 10% of earners in this country pay roughly 70% of all income tax revenue collected, while 47% of this country pays NO income tax at all, shouldn't your question be how can we get those NOT paying to carry their own load?

As to your question for what the working poor should pay, I would say something. Hell, 1% would make them a participant, rather than a recipient.

j-mac
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There's a reason they don't pay. Correct the reason, and they'll be paying. however, as shown many times before those with the most benefit the msot from this country. Paying more for more isn't unfair.
 
1Perry said:
If a GOP president does it, it's called corporate welfare. These "payroll taxes" go to S.S., again if a GOP president had suggested we further cut funding for S.S. there would be massive calls for his head.
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That's true to a degree. But I wouldn't discount that how it is asked for and how much you trust who is asking from the equation. ;)
 
Boo Radley said:
There's a reason they don't pay. Correct the reason, and they'll be paying. however, as shown many times before those with the most benefit the msot from this country. Paying more for more isn't unfair.
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When I was young and naïve I wondered how/why someone could become brainwashed. Fox News and the rightwing sound machines sure showed it could be done on a massive scale eh?:shock:
 
donc said:
When I was young and naïve I wondered how/why someone could become brainwashed. Fox News and the rightwing sound machines sure showed it could be done on a massive scale eh?:shock:
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Don't know about brainwashing, but I do believe people seek such sources that will reaffirm what they already believe. Discovery is less important than being told you're right. This is limited to any political position or grouping.

However, facts are also facts regardless of this. And if we look at who benefits from our taxes most, it's not those on welfare, who are demonized the most. In fact, those who make the most benefit the most.

So how can we get that measure across and accepted by those who don't want to believe it?
 
Boo Radley said:
Don't know about brainwashing, but I do believe people seek such sources that will reaffirm what they already believe. Discovery is less important than being told you're right. This is limited to any political position or grouping.

However, facts are also facts regardless of this. And if we look at who benefits from our taxes most, it's not those on welfare, who are demonized the most. In fact, those who make the most benefit the most.

So how can we get that measure across and accepted by those who don't want to believe it?
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You’re right on this point of your post (And if we look at who benefits from our taxes most, it's not those on welfare, who are demonized the most.) What other country are they going to be able to call the CORP that they work/ for people and donate/bribe politicians to get them to look the other way.



I still think that there is a whole lot of brainwasin going on though.:2wave:
 
Boo Radley said:
There's a reason they don't pay. Correct the reason, and they'll be paying. however, as shown many times before those with the most benefit the msot from this country. Paying more for more isn't unfair.
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It's always easy for third parties to determine what's 'fair' when it involves other people's money. That's why 'the rich' are moving their interests elsewhere. And if Americans can't even build a fence to keep illegal immigrants out of the country, it's for sure they can't build a fence to keep business and money in the country.

"A government which robs Peter to pay Paul can always depend on the support of Paul." - George Bernard Shaw
 
Grant said:
It's always easy for third parties to determine what's 'fair' when it involves other people's money. That's why 'the rich' are moving their interests elsewhere. And if Americans can't even build a fence to keep illegal immigrants out of the country, it's for sure they can't build a fence to keep business and money in the country.

"A government which robs Peter to pay Paul can always depend on the support of Paul." - George Bernard Shaw
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Not sure how this is a response to what I said, but no. Companies are leaving because they can get cheap labor elsewhere, don't have to worry about providing health insurance, and pay no penality for moving jobs away. You could get rid of all taxes and they still would be moving off shore. Not building the fence is just a way to keep them here as they can use cheap illegal labor.
 
donc said:
When I was young and naïve I wondered how/why someone could become brainwashed. Fox News and the rightwing sound machines sure showed it could be done on a massive scale eh?:shock:
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Now that you are not so young and more experienced, why not offer up some evidence to support the idea that those who disagree with your points of view are "brainwashed"? That's what adults do.
 
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