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What purpose did the tax cut for the wealthiest serve?

so you believe one millionaire-now i am not talking like ted turner but someone who has a couple million in assets and is paying taxes on an income of 200-400K a year-that man is paying more income tax dollars in a year than tens of millions other americans.

so using your confused logic, that millionaire is using more government assets than say 80 million who pay no income taxes?

and using Ipast's class envy based nonsense-that millionaire is not paying enough but all those people who are paying nothing would be overtaxed if that had to pay say 100-1000 a year

Look man Im agreeing with you totally. Just as not all rich will use the government services provided to them to the fullest neither will the poor and middle class, at least not directly. Of course when a little girl is kidnapped though that is covered by the news is it from a poor family out in a trailer park or a well off family the FBI is using their assets for? If you think you are getting so over taxed TD why not go to one of the other many industrialized nations that will treat you "fairer"?
 
Look man Im agreeing with you totally. Just as not all rich will use the government services provided to them to the fullest neither will the poor and middle class, at least not directly. Of course when a little girl is kidnapped though that is covered by the news is it from a poor family out in a trailer park or a well off family the FBI is using their assets for? If you think you are getting so over taxed TD why not go to one of the other many industrialized nations that will treat you "fairer"?

what are you blabbering about? why should I leave, my family's been here for centuries
its those who brag how great eurosocialism is or why the USA ought to be more like europe who should GTHO
 
what are you blabbering about? why should I leave, my family's been here for centuries
its those who brag how great eurosocialism is or why the USA ought to be more like europe who should GTHO

And your family paid higher taxes all those decades ago with far less services and even less government...how does trying to find ways to lower taxes on anybody even more make sense? I'm all for cuts in fact I think with revenues and cuts Congress could have easily done much more but they are all ******s. The ones you root for got most of what they wanted yet they still couldn't vote for the measures.
 
But you see that's what I don't understand. First off, how would increased income taxes for the wealthy create uncertainty? Isn't business going to continue as usual? When I am taxed more heavily, I just find new ways to make more money. In order to do this, I am going to have to preform better and as a result my company is going to have to grow .. last time I checked this means good things for stock holders .. am I missing something?

So folks understand what was said above, what the man is saying is when businesses have to pay a higher "fee" - a tax - to do business, they find ways to work harder to earn more money. And since their taxes are the lowest they've been in over 30 years, there hasn't been much of an incentive for them to produce more - to put more inventory away. How often over the holiday season have we heard reports of sales increases because of increased demand on goods and services? What motivated consumers to fill department stores to purchase merchandise? Was it the low retail price or the low sales tax?

Answer: They lowered retail prices.

As such, consumer demand increased, but tax rates remained the same. I can see that logic. It follows the law of supply and demand. But surely personal income of average consumers come into play somehow?

If there's a high rate of unemployment, doesn't that mean there are fewer customers to purchase goods? Moreover, some businesses have lowered prices. Have you evidence that their profits are up if lower prices incentivizes increased demand?
 
yeah lets make the richest one percent pay more of the federal tax burden than the 95% who already pay less than the top 5%. You libs constantly whine that the tax system should not be based on efficient income collection but rather avenging your hatred of the rich and your failure to be rich.

what drives massive government is not the rich getting "tax cuts" (in reality the rest of society is paying less of the tax burden now than at any time in the last 70 years and in eurosocialist nations, the rich do not pay a higher share of the tax burden than their share of the income) but rather the fact too many people DO NOT PAY FOR GOVERNMENT AND THUS DEMAND MORE AND MORE OF IT

And you conservatives are so math deficient it is amazing you survived the 5th grade!!

If the top 1% of the nation earns most of the nations income?? Why do you have issus with them paying most of the taxes?? The fact of the matter is that you don't know who pays what or how much because you are either watching Fox News to much, or listening to the other morons on television..

So why don't you explain to the rest of us, why shouldn't the top 1% that earns the most income not pay the most taxes?? Insteading of being a jerk and slamming liberals who obviously know a heck of a lot more than you on the issue..

It isn't hatred of the rich.. It is called math!! Get to know it and learn it!! That is of course you want to continue making a fool and a jerk out of youself..

Who Rules America: Wealth, Income, and Power

That is why the rich should pay the most taxes!! Let me know if the numbers are to big for you.. I'll see if I can find some blocks or something to make it easier..
 
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Иосиф Сталин;1059708935 said:
Sorry, I did this the wrong way.

I'll be posting it right. Just give me a sec.

what purpose.

it served to increase private wealth, increase government revenues, and make our tax system more progressive.

why do you ask?
 
Whatever the purpose, The Obama found it sufficient to force the Dems to extend them, directly contributing to the S+P downgrade.
 
So why don't you explain to the rest of us, why shouldn't the top 1% that earns the most income not pay the most taxes?
Sure - which would, of course, happen if everyone paid the same rate.
 
Can someone give me some examples to why plutocracy is such an awful method of rule? I have seen nothing to prove this.
 
DemonMyst said:
And you conservatives are so math deficient it is amazing you survived the 5th grade!!

If the top 1% of the nation earns most of the nations income?? Why do you have issus with them paying most of the taxes?? The fact of the matter is that you don't know who pays what or how much because you are either watching Fox News to much, or listening to the other morons on television..

So why don't you explain to the rest of us, why shouldn't the top 1% that earns the most income not pay the most taxes?? Insteading of being a jerk and slamming liberals who obviously know a heck of a lot more than you on the issue..

It isn't hatred of the rich.. It is called math!! Get to know it and learn it!! That is of course you want to continue making a fool and a jerk out of youself..

Who Rules America: Wealth, Income, and Power

That is why the rich should pay the most taxes!! Let me know if the numbers are to big for you.. I'll see if I can find some blocks or something to make it easier..

First of all, proofread your post before you start equating any conservative here to being the mental equivalent of a junor high student. To begin with, learn to differentiate between the need for "to" and "too".

Second, if you're all about math and statistics, here are some simple truths: The top 1% of wage-earners in America? They pay more than the bottom 96% combined. They pay over half of all tax burden (I think 52% was the number I was given the last time I looked it up). And as far as income taxes? Over half of employed Americans don't pay one red cent. That poor, downtrodden proletariat...

Third, excessive use of the ad-hom makes your post go from incorrect and grammatically pathetic to just plain laughable. Straighten up and repost it, if you want to have a shred of credibility given to you and your soapbox.
 
"What purpose did the tax cut for the wealthiest serve?"

It allowed big money to consolidate and liquidate US investments and move them to higher returning Chinese investments.
 
"What purpose did the tax cut for the wealthiest serve?"

It allowed big money to consolidate and liquidate US investments and move them to higher returning Chinese investments.

It caused those who think taxes should be used to assuage those who harbor the feelings of envy and chagrin over not being rich to become upset
 
It caused those who think taxes should be used to assuage those who harbor the feelings of envy and chagrin over not being rich to become upset


Its the familiar, we don't need no stinkin' working class whine!
 
Its the familiar, we don't need no stinkin' working class whine!

but you are gonna provide one whether we want it or not
 
I'm not the one whining about the working class not pulling their load.

yeah because that would be truthful and accurate
 
yeah because that would be truthful and accurate

So, it is your claim that the working class is not pulling their load. At least you are open in your disdain for the working class. It should make a dandy platform for the conservatives as we lead up to the election! :sun
 
So, it is your claim that the working class is not pulling their load. At least you are open in your disdain for the working class. It should make a dandy platform for the conservatives as we lead up to the election! :sun


You lefties always try to substitute quantity for quality. The fact is if you are not paying federal income taxes there is a VERY STRONG possibility you are not pulling their load

If you are a disabled vet or firefighter however, you have paid in full

and if you are top one percent tax payer there is almost a complete guarantee you are paying more than your share of the load

thus when people like you claim that the rich are not paying their fair share, I can easily note that your claims are 98% inaccurate while mine are 98% accurate because there might be two percent of the top one percent who use more than they pay and 2% or so of the bottom 60% who have given more than they have used
 
You lefties always try to substitute quantity for quality. The fact is if you are not paying federal income taxes there is a VERY STRONG possibility you are not pulling their load

If you are a disabled vet or firefighter however, you have paid in full

and if you are top one percent tax payer there is almost a complete guarantee you are paying more than your share of the load

thus when people like you claim that the rich are not paying their fair share, I can easily note that your claims are 98% inaccurate while mine are 98% accurate because there might be two percent of the top one percent who use more than they pay and 2% or so of the bottom 60% who have given more than they have used

As with most of the working class, I pay a higher percentage of my total income than do the top 1% of income earners. As more and more of the working class are being forced into poverty, the closer we get to the point we did after the 1920's, when the working class said enough and supported a progressive tax system. I am willing to bet we see this reflected in the November election.
 
First off the liberals are trying to create a them and us situtation not based in reality.

Next:
The wealthiest 1 percent of the population earn 19 per*cent of the income but pay 37 percent of the income tax. The top 10 percent pay 68 percent of the tab. Meanwhile, the bottom 50 percent—those below the median income level—now earn 13 percent of the income but pay just 3 percent of the taxes.
That means they are paying more than their fair share. Obama is trying to get riots under way here do he can declare Marchall, play Dictator
 
As with most of the working class, I pay a higher percentage of my total income than do the top 1% of income earners. As more and more of the working class are being forced into poverty, the closer we get to the point we did after the 1920's, when the working class said enough and supported a progressive tax system. I am willing to bet we see this reflected in the November election.

sorry that claim has no support--the two page union funded talking points that claim that had no verifiable data supporting it

the top one -4percent is the only group that is paying more of the income tax burden than their share of the income. 60% or so of the taxpayers pay less federal taxes than they receive in federal benefits.
 
Иосиф Сталин;1059708935 said:
Sorry, I did this the wrong way.

I'll be posting it right. Just give me a sec.

As oppsed to tax cuts for ALL Americans? As opposed to allowing those that have earned their income keep more of their income? As in...here we go again...another thread about the evil rich by the whiny poor that dont think it is fair that the rich dont pay even MORE of the poors 'fair share'?

Weve heard from liberal democrats who have explained that the primary reason the weatlhy folk are sitting on their wallets is that the Obama policies have devasted investment into the private sector. Ask Steve Wynn. Perhaps if there wasnt such uncertainty as to what the government was planning on doing with the resources they HAD there wouldnt be such a hesitancy to invest. Or do you think that traditionally the wealthy folk in this country just stuff their gold under their mattresses and dont invest to help their income grow? Tax cuts ARENT working because most people are uncertain. People arent spending.
 
So, it is your claim that the working class is not pulling their load.
Anyone that does not pay federal income tax is 'not pulling their load'.
 
As with most of the working class, I pay a higher percentage of my total income than do the top 1% of income earners.
Doubtful.
If you're paying more than 4-5% of your gross in Federal income tax, you're doing something wrong.
 
sorry that claim has no support--the two page union funded talking points that claim that had no verifiable data supporting it

the top one -4percent is the only group that is paying more of the income tax burden than their share of the income. 60% or so of the taxpayers pay less federal taxes than they receive in federal benefits.

A bull**** claim that you have never once backed up.
 
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