Since the SuperCommittee failed, does that mean Bush tax cuts expire?

[cybrsage]

Thank you for making it painfully clear, very early on, that you are nothing more than an elitist.

You are just as worthless and selective as the rest of the dellusional conservative slime on these forums.

I see you still refuse to answer the question. You are quick to black rich people while saying "they create jobs, durr durr"...while actually knowing they DO create jobs.

I know it is hard to actually support your position with logic, but if you use it from time to time you will be taken more seriously.

Continue living your "life" - I hope you get what you deserve.

According to you, I deserve a job, a house, a car, etc., without actually working to get it, right? Or are you against the OWS non-bathers?

 

[cybrsage]

Earned income credit

Just cut them all.

EIC has a good purpose. You make more EIC as you make more money...up to the point where they start to wean you off the assistence as you make more and more money.

It is actually one of the few good items.

 

[Jhhnn]

Democrats taking other peoples money and giving to others like it's free and thus causing those "poor" people to be dependant on government handouts and thus never striving to reach for success on their own, thus enslaving their voting demographic to them like modern day slaves. Say it aint so Mass'a

Well, they'd much rather be "dependent" on an actual, uhh, employer...

If tax cuts create growth, then where is it? Taxes are at the lowest % of GDP since Truman, and growth is, uhh, err, well, it's happening at the top, and it'll trickledown sometime RSN, right?

Same old song & dance of the last 30 years...

Want poor people to vote Republican? Put 'em to work, make 'em non-poor.

We're all dependent on Govt to one degree or another, particularly Rich people. Govt serves their interests better than anybody else's- bet on it.

 

[UberNeuman]

lol

Oooh! Oooh! I wanna play!

 

[sportage]

People just don't get it...
Obama gave the middle class that $400 tax break in "his" stimulas plan.
Around $1500 per family.
You won't hear that fact from faux news...
THAT tax cut will expire 1/1/2012.
YES! Your taxes WILL go up 1/1/2012....
Forget about the Bush tax cuts. They are safe and intact thru 2012.
And they mean nothing to the average middle class folks.

 

[Jhhnn]

People just don't get it...
Obama gave the middle class that $400 tax break in "his" stimulas plan.
Around $1500 per family.
You won't hear that fact from faux news...
THAT tax cut will expire 1/1/2012.
YES! Your taxes WILL go up 1/1/2012....
Forget about the Bush tax cuts. They are safe and intact thru 2012.
And they mean nothing to the average middle class folks.

Not "nothing" to middle class folks, but not much, either-

http://www.perrspectives.com/blog/archives/001955.htm

This what it looked like for both sides before the Bush cuts were extended. It's not hard to figure out whose interests Repubs represent, not hard at all.

Middle class people who have any sense at all would weep tears of joy to pay the taxes that Dems want on really big money. 30% of more than $1M/yr? Please don't throw me in that briar patch!

Maybe we should put it up for bids- whoever agrees to pay the most in taxes gets the really big money...

 

[cybrsage]

Well, they'd much rather be "dependent" on an actual, uhh, employer...

If tax cuts create growth, then where is it?

Tax cuts do not create growth unless they are massive cuts. However, tax increase destroy growth.

Personally, I want The Fair Tax.

 

[cybrsage]

Oooh! Oooh! I wanna play!

Why is he holding a teabag?

 

[Jhhnn]

Tax cuts do not create growth unless they are massive cuts. However, tax increase destroy growth.

Personally, I want The Fair Tax.

Hedging, backing away from the Repub tax cut line? Maybe if we cut rich people's taxes to nothing, that'll restore demand in the economy, huh?

the "Fair Tax" scheme is a sop for the weak minded which would push the tax burden down the scale away from the wealthy. It's not like their massive incomes are spent on taxable stuff, anyway. Nor is it like they're currently creating jobs, either.

 

[Jhhnn]

Why is he holding a teabag?

Why do you think?

 

[cybrsage]

Why do you think?

He is going to make a cup of tea? It does not work with the quote, though, which is why I asked. It is very hard to burn tea...it is only slightly easier than burning water.

 

[cybrsage]

Hedging, backing away from the Repub tax cut line? Maybe if we cut rich people's taxes to nothing, that'll restore demand in the economy, huh?

Never made those claims, so nothing to back away from. I think it is pretty much common sense. Corporate Taxes are not high enough for a reduction to make any real difference in hiring or prices. Raising them, though, upsets the current balance and will either cause price increases or headcount reduction.

the "Fair Tax" scheme is a sop for the weak minded which would push the tax burden down the scale away from the wealthy. It's not like their massive incomes are spent on taxable stuff, anyway. Nor is it like they're currently creating jobs, either.

Now you are just proving yourself to be an idiot. Of course their incomes are spent on taxable stuff, since the fair tax would tax everything. You obviously have never read it, yet are against it.

 

[UberNeuman]

He is going to make a cup of tea? It does not work with the quote, though, which is why I asked. It is very hard to burn tea...it is only slightly easier than burning water.

lol.... you're going to be entertaining... aren't you....

\even if it undermines the message you wish to impart...
\\good luck...

 

[cybrsage]

The message is secondary to the enjoyment of imparting it.

EDIT: It is not like we are discussing something important like Torah or such. This is just the news...tomorrow it will be different news...

 

[Zebo]

Hedging, backing away from the Repub tax cut line? Maybe if we cut rich people's taxes to nothing, that'll restore demand in the economy, huh?

the "Fair Tax" scheme is a sop for the weak minded which would push the tax burden down the scale away from the wealthy. It's not like their massive incomes are spent on taxable stuff, anyway. Nor is it like they're currently creating jobs, either.

Some would pay more. Right now hedge fund managers can make billions and borrowing against the carried interest, often at absurdly low rates ~1% and never pay tax.

My dad a CPA showed me something about "paper losses" on three lots I have that offsets cash income. Basically there are millions of loop holes in tax code not to mention plain ole expensing everything to pay far lower than a flat tax would have.

Oh and I forgot to mention, even if fund managers do take the money out as income, which they don't, they only pay 15% in the first place due to a loop hole.

 

[cybrsage]

Two people buy a car, a rich man and a poor man. Both buy a $1000 beater at 20% tax and pay $200 in tax. The system treated them both fairly and equally.

However, reality says the rich man will buy a $100,000 car...which means he will pay $20,000 in tax. They are still both being treated fairly and equally.

The Fair Tax stops caring about your income and only cares about your outgo. This means the illegals, the drug dealers, the prostitutes, etc., will all start paying taxes.

Basically, it is your standad consumption based tax with some changes to make it fair to those who are poor.

 

[Zebo]

Just car how about services? Capital equipment? Homes? Office buildings?

 

[JSt0rm]

consumption tax is a horrible idea.

 

[glenn1]

consumption tax is a horrible idea.

Yeah, it'll probably cut way into the ability for those receiving government welfare assistance or unemployment to leverage their "high marginal propensity to spend" into more lottery tickets, alcohol, tobacco, fast food, and the other things you seem eager to give them money to spend on.

 

[JSt0rm]

Yeah, it'll probably cut way into the ability for those receiving government welfare assistance or unemployment to leverage their "high marginal propensity to spend" into more lottery tickets, alcohol, tobacco, fast food, and the other things you seem eager to give them money to spend on.

your not the first dumb fuck to come in here claiming consumption only taxing is the way to go. I dont feel like having that conversation again.

 

[RocksteadyDotNet]

Yeah, it'll probably cut way into the ability for those receiving government welfare assistance or unemployment to leverage their "high marginal propensity to spend" into more lottery tickets, alcohol, tobacco, fast food, and the other things you seem eager to give them money to spend on.

In case you're too dumb to figure it out, consumption tax is regressive. It taxes poor people more than the rich.

 

[Jhhnn]

In case you're too dumb to figure it out, consumption tax is regressive. It taxes poor people more than the rich.

Of course it does- that's why Repubs tout it so strongly.

It's also distractionary bullshit, because it'll never happen- people are too smart for that. The whole argument carries all the credence of "Bigfoot for President!"

It's just another way for Righties to escape reality, retreat into fantasy & denial.

 

[RocksteadyDotNet]

Of course it does- that's why Repubs tout it so strongly.

It's also distractionary bullshit, because it'll never happen- people are too smart for that. The whole argument carries all the credence of "Bigfoot for President!"

It's just another way for Righties to escape reality, retreat into fantasy & denial.

Dont there permanently live there?

 

[OneOfTheseDays]

I sincerely hope Ron Paul wins the Republican nomination. I know it's a longshot, but I honestly believe if he wins the nomination we can finally start changing the topics of debate from the same tried and trued wedge issues to things that truly matter.

 

[blankslate]

Interestingly this survey seems to indicate that many entrepreneurs come from the middle class and lower-middle class.

Less than one percents of extremely poor or extremely rich people become entrepreneurs.

I'm looking at entrepreneurs because corporations aren't hiring much considering the amounts of cash on hand that they have.

http://roachpost.com/2010/03/03/the-anatomy-of-an-entrepreneur-family-background-and-motivation/