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Obama to propose $1.5 trillion in new tax revenue

What do you mean by the "capital gain argument"? Just that somebody making that much is paying capital gains tax not income tax?

Obviously I don't know how much you personally pay in property taxes... That has nothing to do with what we're talking about kiddo. We know how much, on average, different economic brackets pay in property taxes, so there is no excuse to just ignore that to distort the results of our analysis.

The distortion is throwing in anything other than what one pays in taxes on their income.
 
You want to discuss the war, start a new thread and I will join you. Stop trying to derail this one. The cost of the wars were a drop in the bucket of our 14.6 trillion debt but it is red meat to liberals who want to divert from what ever issue they cannot defend.
It's been estimated that when all is said and done the cost of the war in Iraq will be $3 trillion dollars, hardly a drop in the bucket. Name one thing that was worth that cost in money and lives.
 
and what does the SCOTUS have to say about the New Deal?

if SCOTUS finds the New Deal programs to be legal, then they are legal.

wow I think we have a harvard law review editor here.

things change
 
The distortion is throwing in anything other than what one pays in taxes on their income.

What do you mean? How could we figure out whether somebody pays their fair share just by looking at one of the taxes? The other ones don't count? Why not? Somebody who pays $100 in sales tax is paying just as much to sustain our society as somebody who pays $100 in income tax...
 
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wow I think we have a harvard law review editor here.

things change

there is no need to be condescending, as its a pathetic way to debate.

and yes, SCOTUS can over-rule previous SCOTUS decisions. But until such a day comes, SCOTUS decisions are the law of the land.
 
You have a family? If not you have no clue what sacrifice means. Every night you don't sleep well afraid that phone is going to ring or someone from the military is going to show up on your doorstep. If you served, thank you but don't give me that bull**** about not sacrificing when three family members are in combat. Good thing you got out as you give the military a bad name
What was the sacrifice for, Con?
 
What do you mean? How could we figure out whether somebody pays their fair share just by looking at one of the taxes? The other ones don't count? Why not?

Because we are not able to discern how much people pay in other taxes. I would have assumed that Kerry was paying a pretty penny in taxes on his yacht, until I found out he was trying to hide it so he didn't have to.

All you can do is assume. I have no desire to argue assumptions.
 
It's been estimated that when all is said and done the cost of the war in Iraq will be $3 trillion dollars, hardly a drop in the bucket. Name one thing that was worth that cost in money and lives.

Ok, 3 trillion dollars on a 14.6 trillion dollar debt leaving the debt at 11.6 trillion but right now it is 13.4 without the war charges that you say will cost the taxpayers.
 
Because we are not able to discern how much people pay in other taxes. I would have assumed that Kerry was paying a pretty penny in taxes on his yacht, until I found out he was trying to hide it so he didn't have to.

All you can do is assume. I have no desire to argue assumptions.

That argument doesn't make any sense... We're talking about whether the rich are paying their fair share. We know how much of various taxes the rich pay, we know how much of various taxes the middle class pays. I don't see what relevance you think there is to what exactly dollar amount a specific individual pays.
 
That argument doesn't make any sense... We're talking about whether the rich are paying their fair share. We know how much of various taxes the rich pay, we know how much of various taxes the middle class pays. I don't see what relevance you think there is to what exactly dollar amount a specific individual pays.

The thread topic,
Obama to propose $1.5 trillion in new tax revenue
Which taxes do you believe Obama is proposing increasing?
 
Just an example in 1965 with 175 million people the budget of the U.S. was 250 billion dollars, today it is 3.7 trillion with 310 million people. Make a case for that amount. I am saying you can increase the 1965 budget by 6 times and do quite well. Too many people don't know history.

So, $250 billion in 1965 dollars adjusted for inflation is $1.7 trillion. Adjusting for the number of people, that is $1.7T/175*311 = $3.11 trillion. So, about the same ballpark. It's a bit higher now because we're in two wars and a recession, but basically it's about on the same line.
 
So, $250 billion in 1965 dollars adjusted for inflation is $1.7 trillion. Adjusting for the number of people, that is $1.7T/175*311 = $3.11 trillion. So, about the same ballpark. It's a bit higher now because we're in two wars and a recession, but basically it's about on the same line.

Do you really have any idea as to the role of the Federal govt? Did you ever take a civics and history course? We have a problem today because of an overreaching Federal Govt. that gets involved in social issues. Those personal responsibility issues are between you, your state, your local communities, your charities, or your church. Not a bureaucrat in D.C.
 
Do you really have any idea as to the role of the Federal govt? Did you ever take a civics and history course? We have a problem today because of an overreaching Federal Govt. that gets involved in social issues. Those personal responsibility issues are between you, your state, your local communities, your charities, or your church. Not a bureaucrat in D.C.

Dude, you keep losing point after point. Your entire world view keeps proving to be ridiculous off the mark. But you never stop and reevaluate. Instead you just try to change the topic real fast...
 
Capital gains.

yeah Obumble is on record noting he will increase those taxes even if it does not increase tax revenues to make things "fair"

the silly twit is not competent to be president. He is going to drive capital out of America
 
yeah Obumble is on record noting he will increase those taxes even if it does not increase tax revenues to make things "fair"

the silly twit is not competent to be president. He is going to drive capital out of America

Link please... Obviously you're mischaracterizing something he said... zzzz....
 
to save you the embarrassment

the stupid clown says it right here

See. I called it. You're misrepresenting something he said... Duh. He said he would look at it to make sure it was fair... You said he said he would raise it even if it didn't raise revenues. You were caught lying flat out... Why do you do this to yourself all the time? Aren't you ashamed by constantly being busted like this? Man, I could hardly show my face around here after just one of the sorts of bustings that you take 20 of a day...
 
See. I called it. You're misrepresenting something he said... Duh. He said he would look at it to make sure it was fair... You said he said he would raise it even if it didn't raise revenues. You were caught lying flat out... Why do you do this to yourself all the time? Aren't you ashamed by constantly being busted like this? Man, I could hardly show my face around here after just one of the sorts of bustings that you take 20 of a day...

sorry you lost, move on. He said he wanted to do things out of fairness
 
Obama concedes that cutting the capital gains tax actually increased revenues, but says that he’d raise it anyway for the sake of “fairness.” Because [COLOR=#0000FF !important]hedge fund[/COLOR] mangers [COLOR=#0000FF !important]make too much money[/COLOR].
It’s amazing that Obama isn’t embarrassed to make such economically illiterate, down-right socialist, comments in public. I mean, he concedes that cutting the capital gains tax has increased revenues but then actually manages to suggest that the tax cuts have lost the [COLOR=#0000FF !important]government money[/COLOR] by invoking the specter of borrowed funds from China.


Say Anything » Obama On Capital Gains Tax: Let’s Tax The Rich Because They Make Too Much
 
sorry you lost, move on. He said he wanted to do things out of fairness

Kiddo, he said he would LOOK AT the capital gains tax to see if it was appropriate. He even went on to talk about the sorts of situations in which it would be- because it would raise revenue... You posted the video. It's right there... I dunno man. It just seems patently obvious that soooo many of the things you say even you know are completely false... Are you just here to spread propaganda, so you don't care if it is true or what? The video is RIGHT THERE. Everybody can see that you're lying...
 
Kiddo, he said he would LOOK AT the capital gains tax to see if it was appropriate. He even went on to talk about the sorts of situations in which it would be- because it would raise revenue... You posted the video. It's right there... I dunno man. It just seems patently obvious that soooo many of the things you say even you know are completely false... Are you just here to spread propaganda, so you don't care if it is true or what? The video is RIGHT THERE. Everybody can see that you're lying...

He did say he would raise capital gains "out of fairness" because he saw an article that day about 50 hedge fund managers who made a lot of money! This guy is so smart he can devise tax policies instantly from newspaper articles someone reads to him

But I thought the funniest line was "I believe in the principle of pay as you go" though "You cant take out a credit card from the Bank of China" was close.
 
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