wow, trickle down sure is working for us middle class americans!!

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ValuedCustomer

Senior member
May 5, 2004
759
0
0
Originally posted by: Engineer
Originally posted by: ValuedCustomer
Originally posted by: Engineer
Originally posted by: ValuedCustomer
Originally posted by: nergee
"How about a flat tax ACROSS the fvcking board."

What would be a fair flat tax rate?.................

At one point wasn't Jerry Brown talking about a "12%" flat-tax? - not that JB is anything but a dimwit (albeit in an endearing way :p) but like a broken clock being correct 2x a day, I think he was on to something.

If anyone thinks that we can run the country on 12% flat tax, they have another thing coming. GDP of around 12 Trillion with a 2.5 trillion budget. 12% aint going to cut it. How about 20+ % federal for starters. Might as well throw in state tax there too. City tax doesn't matter as most of them are flat anyway.

Good grief! consider yourself brainwashed.. if the gov would be forced (like say in a flat-tax atmosphere) to budget their money like, well, like the taxpayers! they could do just dandy w/ 1/2 of the current allocation. For gawd's sake, how many friggin' "$120 hammers", ?$500 toilet seats?, foreign subsidies and multimillion/billion dollar special project funding for poli?s pet-programs (PORK!) do you have to be aware of before you begin to put 2 & 2 together and realize?? -- look at it this way, it'd ear-mark the (our!) money for lots of other essentials rather than war campaigns.


I'm not brainwashed, I'm just a sarcastic, pissed off asshole today!
fair enough! :beer:

 
Sep 12, 2004
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I rmember reading some articles that stated if a flat tax were enacted the rich would actually be better off than they are now and it's the poor and middle class that would take the beating.

And, no, 12% would not cut it. It would have to be considerably higher because the poor and MC would have to take up the slack for what the rich were no longer paying to the progressive system that we have now.

I'l see if I can dig up the articles.
 

Dissipate

Diamond Member
Jan 17, 2004
6,815
0
0
tell me again how trickle down has helped the lower 90% of americans?

Tell me again how the welfare state has helped the lower 90% of Americans. Also, tell me again how taxing a rich guy and then spending it on some government bureaucracy where it is consumed by enormous government waste has ever helped any American.

It is the very government itself that has created these unnatural accumulations of wealth. Look at Bill Gates. He became the richest man on the planet because of copyright laws.

The government is the problem, not the solution. Eliminate the government and let extreme competition take over, instead of just taxing away what the government gave the rich in the first place.
 
Sep 12, 2004
16,852
59
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Originally posted by: Dissipate
tell me again how trickle down has helped the lower 90% of americans?

Tell me again how the welfare state has helped the lower 90% of Americans. Also, tell me again how taxing a rich guy and then spending it on some government bureaucracy where it is consumed by enormous government waste has ever helped any American.

It is the very government itself that has created these unnatural accumulations of wealth. Look at Bill Gates. He became the richest man on the planet because of copyright laws.

The government is the problem, not the solution. Eliminate the government and let extreme competition take over, instead of just taxing away what the government gave the rich in the first place.
Man I love anarchists.

The only thing your suggestion would result in, as history has shown, is concentrating even more wealth in even fewer hands. Without government only the absolute ruthless make it big. At least with government the not-so-ruthless have a shot as well.
 

Genx87

Lifer
Apr 8, 2002
41,091
513
126
So let me get this straigt.

Households with holdings of 10+ millions has grown 400% from 1980?

Hello McFly?

Btw has anybody ever thought about what the inheritance tax does to the middle class? It effectively keeps them in the middle class because they cant pass on what wealth they managed to accumulate.

 

Dissipate

Diamond Member
Jan 17, 2004
6,815
0
0
Originally posted by: TastesLikeChicken
Originally posted by: Dissipate
tell me again how trickle down has helped the lower 90% of americans?

Tell me again how the welfare state has helped the lower 90% of Americans. Also, tell me again how taxing a rich guy and then spending it on some government bureaucracy where it is consumed by enormous government waste has ever helped any American.

It is the very government itself that has created these unnatural accumulations of wealth. Look at Bill Gates. He became the richest man on the planet because of copyright laws.

The government is the problem, not the solution. Eliminate the government and let extreme competition take over, instead of just taxing away what the government gave the rich in the first place.
Man I love anarchists.

The only thing your suggestion would result in, as history has shown, is concentrating even more wealth in even fewer hands. Without government only the absolute ruthless make it big. At least with government the not-so-ruthless have a shot as well.

Put away the Hobbesian fairy tales of everyone turning into an insane criminal without a 'government.'

HuH? History is actually in my favor, it is riddled with tales of men who made their fortunes off governments. The free market does not tend towards accumulated wealth, it tends towards improving the standards of living and creating opportunities for every class. The free market wants you to succeed, because when you do other people benefit as well, and there is no upper limit to this effect.

The top prizes always go to the most tenacious/cunning, with a government or not, but the bottom line is that a very large part of our government now is run by men who want to keep those who have made it to the top at the top. Look at gambling. Would those who have gambling rights be so wealthy without the government to restrict access to this industry? Of course not.

Another thing. If the government is doing such a good job at giving the lower class a 'shot,' why are third world countries kicking our @ss in math and education in general? The truth of the matter is that the government doesn't really care about your success. If you don't succeed, you just become another potential voter willing to give the government more power in order to get welfare benefits.
 
Sep 12, 2004
16,852
59
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Originally posted by: Genx87
So let me get this straigt.

Households with holdings of 10+ millions has grown 400% from 1980?

Hello McFly?

Btw has anybody ever thought about what the inheritance tax does to the middle class? It effectively keeps them in the middle class because they cant pass on what wealth they managed to accumulate.
There's even more:

http://www.post-gazette.com/pg/05145/510108.stm

Ranks of millionaires hit new high
Wednesday, May 25, 2005

By Robert Frank, The Wall Street Journal


The number of millionaires in the U.S. increased to a record last year, boosted by gains in stocks and global financial markets, according to two new studies.

The number of U.S. households with a net worth of $1 million or more rose 21 percent in 2004, according to a survey released Tuesday by Spectrem Group, a wealth-research firm in Chicago. It is the largest increase since 1998, according to the study, which was based on data from more than 450 qualified respondents. There now are 7.5 million millionaire households in the U.S., breaking the record set in 1999 of 7.1 million. The study excluded the value of primary residences, but included second homes and other real estate.

A separate study, also released Tuesday, by Boston Consulting Group found that the U.S. continues to lead the world in creating new millionaires. The number of households in the U.S. with liquid assets of $20 million or more is increasing by 3,000 households a year.

<more at the site>
So it's not just the uber rich that are getting richer. Lot's of people are getting rich.
 

Generator

Senior member
Mar 4, 2005
793
0
0
Why are rich people paying a bigger percentage of taxes then the extremely rich? Why is their more burden on the MBA joe schmoe than Bill Gates? If thats true then its illogical. The death tax sucks. But extremly rich people can afford it. Their children might have to work. Is that such a bad thing?

Anyways you can see the balance of what Americans will accept from their leaders. The Republicans being the successful people they are starting to even create classes amongst themselves. I mean isn't that what drives a Republican, that someplace, somewhere there is person who making more money than them? The majority of Americans seem to be getting tired of this game. They have lost this round to their betters. Now there will be a clamouring for the democrates or moderates to reset the field.
 

rahvin

Elite Member
Oct 10, 1999
8,475
1
0
Originally posted by: ValuedCustomer
Good grief! consider yourself brainwashed.. if the gov would be forced (like say in a flat-tax atmosphere) to budget their money like, well, like the taxpayers! they could do just dandy w/ 1/2 of the current allocation. For gawd's sake, how many friggin' "$120 hammers", ?$500 toilet seats?, foreign subsidies and multimillion/billion dollar special project funding for poli?s pet-programs (PORK!) do you have to be aware of before you begin to put 2 & 2 together and realize?? -- look at it this way, it'd ear-mark the (our!) money for lots of other essentials rather than war campaigns.

Here is quick summary of Bush's adjustments to the 2006 budget, to make reciepts equal outlays you need to cut $427 billion. So list what you would cut.

Defense, Foreign Assistance, and Homeland Security
? Raises overall Defense spending by 4.8 percent, or 41 percent since 2001.
? $35 billion more between now and 2011 to reorganize the total Army forces and increase the number
of active Army combat brigades by 30 percent.
? $3.5 billion more between 2006 and 2011 to implement the Global Posture Initiative, which will increase
U.S. responsiveness and allow for the return of 70,000 U.S. troops from Cold War bases.
? $1.7 billion for unmanned vehicles, which perform hazardous tasks without risking the lives of soldiers,
sailors, airmen, and Marines.
? $3 billion, an increase of $1.5 billion, to expand the Millennium Challenge Account for foreign
assistance, to encourage sound economic and governance policies in the developing world.
? $4.2 billion for the Department of Health and Human Services (HHS), a $154 million increase, to
address the threat of bioterrorism.
? $600 million for a Targeted Infrastructure Protection Program in the Department of Homeland Security
(DHS) to assist State and local governments in reducing the vulnerability of critical infrastructure, such
as chemical facilities, ports, and transit systems.
? $581million, a 45-percent increase, for research and development of radiological and nuclear detection
systems and countermeasures at DHS, the Department of Energy, and HHS.
? An increase of $555 million for the Federal Bureau of Investigation, an 11-percent increase over 2005
levels, and a 76-percent increase since 2001.
Economic Opportunity and Education
? $10 billion over 10 years in tax incentives to create economic Opportunity Zones in areas transitioning
to new and emerging industries.
? $3.7 billion for a new economic and community development program that consolidates 18 ineffective
or duplicative programs into a flexible and targeted program.
? $200 million to provide home purchase downpayment assistance to 40,000 low-income families.
? $28 billion increase for student aid programs through 2015, including the retirement of the Pell Grant
shortfall, an increase in the maximum Pell award by $500 over five years, and additional benefits to
student borrowers, helping more than 10 million needy students cover the costs of college.
? $1.5 billion for the President?s High School Initiative to extend No Child Left Behind (NCLB) reforms
into high schools through improved testing and programs for at-risk youth.
? $11.1 billion for IDEA special education grants to States, an increase of $508 million, taking the total
increase in Federal funding for IDEA grants to $4.8 billion, or 75 percent, since 2001.
? $603 million more for Title I to provide grants to improve education in low-income communities and
support NCLB reforms, a total increase of $4.6 billion, or 52 percent, for Title I since 2001.
? $500 million for schools and teachers to close the achievement gap and attract high-quality teachers
to high-need schools.

$74 billion over 10 years for health-insurance tax credits for low-income individuals and families that
will ultimately help 15 million families purchase affordable health insurance.
? $4 billion in grants to States to establish health insurance purchasing pools, through which people who
qualify for the tax credit and others can obtain coverage.
? $28.5 billion over 10 years for tax deductions for premiums for high deductible insurance, which will
ultimately help six million Americans save for their health care costs in tax-free accounts.
? $19.2 billion over 10 years for tax rebates for small businesses that contribute to their employees? health
savings accounts, encouraging more small employers to offer health benefits.
? $2.0 billion for Health Centers in medically underserved areas, a $304 million increase, fulfilling the
President?s commitment to create or expand 1,200 center sites by 2006 and begin the commitment to
establish a health center in every high-poverty county that can support one.
? $1 billion in grants over two years for Cover the Kids, a new campaign to enroll millions more
low-income children in Medicaid and the State Children?s Health Insurance Program.
? $125 million for Health Information Technology to help achieve the President?s goal that most
Americans have electronic health records by 2014.
? $3.2 billion, an increase of $382 million, to continue to expand the President?s Emergency Plan for
AIDS Relief.
? $1.2 billion for international food aid, including a new initiative to provide $300 million as cash
assistance, allowing emergency food aid to be provided more quickly to address the most urgent
needs.
? $4 billion, an increase of 8.5 percent, for Federal housing and social programs for the homeless,
including $1.4 billion for Homeless Assistance Grants.
? $100 million to fund competitive grants for States to develop innovative approaches to promote healthy
marriages.
? $3.1 billion over 10 years in tax incentives to promote donations to charitable organizations from
individual retirement accounts.
Science and Environment
? $27 billion through 2010, to make permanent the Research and Experimentation tax credit, a critical
element in our innovation economy.
? $5.6 billion for the National Science Foundation?s vital science, education, and basic research
programs, an increase of $132 million.
? $511 million to advance new and cutting-edge nuclear energy technology to provide reliable,
affordable, and emissions-free sources of energy.
? $260 million for the President?s Hydrogen Fuel Initiative, to help reduce our dependence on foreign
sources of oil and create a new generation of hydrogen-powered vehicles.
? $286 million for the President?s Clean Coal Research Initiative to research, develop, and demonstrate
clean coal technologies, including the FutureGen Initiative to create the world?s first zero-emissions
coal-based power plant.
? $485 million, an added $34 million, or 7.5-percent increase, for the core fundamental research and
facilities of the National Institute of Standards and Technology.
? $210 million, an increase of $46 million, for assessment and clean-up of about 600 brownfields sites,
spurring development in former manufacturing areas in our inner cities.
? $144 million increase to continue upgrading National Park Service facilities to an acceptable condition.

You can also refer to the following link if you would like a more detailed list of more than just the programs that got increases.

http://www.gpoaccess.gov/usbudget/fy06/fpaa.html
 

MadRat

Lifer
Oct 14, 1999
11,999
307
126
Get the feds out of education and that would be a good start. Let each individual state figure out education to the high school level and the feds can concentrate at the top, the universities.
 

ExpertNovice

Senior member
Mar 4, 2005
939
0
0
Of course.

If you put in $1,000,000 into the bank and I put in $100 guess who will make more money and get richer faster. In fact you will even get a higer rate of return.

What is your point?

Trickle down means the rich take chances and in doing so give us lazy people jobs. The alternative is to bow down at the alter of The Government and become sharecroppers.

I choose to pay homage to the rich since I can go work for another rich person. However, if I get fed up with the govvernment job and only the government provides jobs (Communism) then I can go to work for... uh, wait.


The other problem is the definition of "rich." Everyone has their own opinion. For some, it was anyone making above $35,000 per year if there were four or less in the family. For some it is anyone making over $75,000 and single.

Besides, you actually quoted from the NYT! :)
 

Genx87

Lifer
Apr 8, 2002
41,091
513
126
Originally posted by: Generator
Why are rich people paying a bigger percentage of taxes then the extremely rich? Why is their more burden on the MBA joe schmoe than Bill Gates? If thats true then its illogical. The death tax sucks. But extremly rich people can afford it. Their children might have to work. Is that such a bad thing?

Anyways you can see the balance of what Americans will accept from their leaders. The Republicans being the successful people they are starting to even create classes amongst themselves. I mean isn't that what drives a Republican, that someplace, somewhere there is person who making more money than them? The majority of Americans seem to be getting tired of this game. They have lost this round to their betters. Now there will be a clamouring for the democrates or moderates to reset the field.


We have already gone over this. The top 5% earners in this country pay 53% of the income taxes.

The top 50% pays 94%. Anything below the exact middle and poor pay the remaining 6%.

The idea that people making more money arent paying their fair share is an ignorant stance.
 

sourceninja

Diamond Member
Mar 8, 2005
8,805
65
91
Without knowing exactly how the money will be spent in each category. (Perhaps 1 million spent for aids relief is on a CEO's paycheck, or money spent for war efforts goes to buy 400.00 hammers.) I would cut these.

$3 billion, an increase of $1.5 billion, to expand the Millennium Challenge Account for foreign
assistance, to encourage sound economic and governance policies in the developing world.

$4.2 billion for the Department of Health and Human Services (HHS), a $154 million increase, to
address the threat of bioterrorism.

$600 million for a Targeted Infrastructure Protection Program in the Department of Homeland Security
(DHS) to assist State and local governments in reducing the vulnerability of critical infrastructure, such
as chemical facilities, ports, and transit systems.

$581million, a 45-percent increase, for research and development of radiological and nuclear detection
systems and countermeasures at DHS, the Department of Energy, and HHS.

$1.5 billion for the President?s High School Initiative to extend No Child Left Behind (NCLB) reforms
into high schools through improved testing and programs for at-risk youth.

$74 billion over 10 years for health-insurance tax credits for low-income individuals and families that
will ultimately help 15 million families purchase affordable health insurance.

$4 billion in grants to States to establish health insurance purchasing pools, through which people who
qualify for the tax credit and others can obtain coverage.

$28.5 billion over 10 years for tax deductions for premiums for high deductible insurance, which will
ultimately help six million Americans save for their health care costs in tax-free accounts.

$19.2 billion over 10 years for tax rebates for small businesses that contribute to their employees? health
savings accounts, encouraging more small employers to offer health benefits.

$125 million for Health Information Technology to help achieve the President?s goal that most
Americans have electronic health records by 2014.

$3.2 billion, an increase of $382 million, to continue to expand the President?s Emergency Plan for
AIDS Relief.

$1.2 billion for international food aid, including a new initiative to provide $300 million as cash
assistance, allowing emergency food aid to be provided more quickly to address the most urgent
needs.

$100 million to fund competitive grants for States to develop innovative approaches to promote healthy
marriages.

$3.1 billion over 10 years in tax incentives to promote donations to charitable organizations from
individual retirement accounts.

$260 million for the President?s Hydrogen Fuel Initiative, to help reduce our dependence on foreign
sources of oil and create a new generation of hydrogen-powered vehicles.



My reasons are either one of the following:

a) Program does not address a solution, only stop-gaps a problem
b) Program is a un-needed expense for which we already have solutions
c) Not the governments business
d) popular demand will drive business's to do this or create
a new business to fill the gap.
e) Good candidate for privatization.
 

1EZduzit

Lifer
Feb 4, 2002
11,833
1
0
Originally posted by: Engineer
Originally posted by: nergee
"How about a flat tax ACROSS the fvcking board."

What would be a fair flat tax rate?.................

Whatever it took to balance the money going out. Balance it all. Others seem to think it will pull in spending, why not. Hell, let's place it all, EVERYONE, from the poorest to the richest, all at ONE rate. If we run a deficit in one year, raise next years taxes to cover it. Let's see how many of the war wishers and tax breakers really like that stuff if they have to PAY for it, now?

Everything would have to be taxed. No tax havens for anybody. It would be interesting to see how the numbers of your proposal would fall out.
 

1EZduzit

Lifer
Feb 4, 2002
11,833
1
0
Originally posted by: Genx87
Originally posted by: Generator
Why are rich people paying a bigger percentage of taxes then the extremely rich? Why is their more burden on the MBA joe schmoe than Bill Gates? If thats true then its illogical. The death tax sucks. But extremly rich people can afford it. Their children might have to work. Is that such a bad thing?

Anyways you can see the balance of what Americans will accept from their leaders. The Republicans being the successful people they are starting to even create classes amongst themselves. I mean isn't that what drives a Republican, that someplace, somewhere there is person who making more money than them? The majority of Americans seem to be getting tired of this game. They have lost this round to their betters. Now there will be a clamouring for the democrates or moderates to reset the field.

We have already gone over this. The top 5% earners in this country pay 53% of the income taxes.

The top 50% pays 94%. Anything below the exact middle and poor pay the remaining 6%.

The idea that people making more money arent paying their fair share is an ignorant stance.

It hardly seems worth it to even tax the bottom 50%?? :D
 

StageLeft

No Lifer
Sep 29, 2000
70,150
5
0
They pay the most taxes, so it makes sense that a tax cut will benefit them more.
 

aidanjm

Lifer
Aug 9, 2004
12,411
2
0
Bizarre to see all you stupid, pathetic morons voting/ arguing against your own interests. How many of you are making more than (multi)hundreds of thousands of dollars a year? If you aren't, then the burden of tax is shifting onto YOUR shoulder, and off the shoudlers of the mega-rich. You will have less purchasing power, less time, and a lower quality of life. Enjoy.
 

1EZduzit

Lifer
Feb 4, 2002
11,833
1
0
Originally posted by: Skoorb
They pay the most taxes, so it makes sense that a tax cut will benefit them more.

I think that logic is true, but if the rich had to pay their fair share to balance the budget and all tax havens were eliminated, I think it would cost the rich WAY more then there paying now. It would sure make the goverment moe fiscally responsible if they knew that after they mucked up that the tax bill would be fhresh in the taxpayers mind and give more people an incentive to get out and vote.

It would be interesting to see the numbers. I think the rich would squash the bill once they saw what it was going to cost them.
 
Sep 12, 2004
16,852
59
86
Originally posted by: aidanjm
Bizarre to see all you stupid, pathetic morons voting/ arguing against your own interests. How many of you are making more than (multi)hundreds of thousands of dollars a year? If you aren't, then the burden of tax is shifting onto YOUR shoulder, and off the shoudlers of the mega-rich. You will have less purchasing power, less time, and a lower quality of life. Enjoy.
There's a solution - Become mega rich. Then you too can allow the tax burden to slide off of your shoulders and on to everyone else.

 

irwincur

Golden Member
Jul 8, 2002
1,899
0
0
Yeah, the middle class in America is really hurting too. I think it is time that we put things in perspective. The middle class in America is definitely not hurting for anything right now.

However, let us also look at who the middle class is. They are the workers, not the owners. This is an ownership society and as such, typically only those that are owners rise above the masses. What do these numbers tell us (for the less cynical) - that there are probably a good deal of new small business owners in America. Which is good. Now why do I say this... Because economics predicts it. After a recession you have a number of unemployed workers. While most filter back into the system, there are a few that do decide to start their own businesses. These people technically never make it back into the employment roles - as employers they are not counted. This time around, it seems as if there may have been more than the average.

Now, to put it in more perspective. A household with two members with college degees will often be considered rich within 10 years of leaving school. Not that hard and all the more reason to go to school. Anyone can do it, so there are no excuses for those that are too lazy or greedy. I paid for school, I was not rich, and here I am a few years later, on the brink of being called rich. Am I really rich - no, I do not make much more than the average folk in America - but the distinction shrinks every tax cycle.


But, I have a feeling that to the left the floor is dropping. You fail to notice that no one in the Middle Class is really hurting these days compared to the rest of the world or even the Middle Class two decades ago. Just more knee jerk whining and crying from the left.
 

Genx87

Lifer
Apr 8, 2002
41,091
513
126
Originally posted by: 1EZduzit
Originally posted by: Genx87
Originally posted by: Generator
Why are rich people paying a bigger percentage of taxes then the extremely rich? Why is their more burden on the MBA joe schmoe than Bill Gates? If thats true then its illogical. The death tax sucks. But extremly rich people can afford it. Their children might have to work. Is that such a bad thing?

Anyways you can see the balance of what Americans will accept from their leaders. The Republicans being the successful people they are starting to even create classes amongst themselves. I mean isn't that what drives a Republican, that someplace, somewhere there is person who making more money than them? The majority of Americans seem to be getting tired of this game. They have lost this round to their betters. Now there will be a clamouring for the democrates or moderates to reset the field.

We have already gone over this. The top 5% earners in this country pay 53% of the income taxes.

The top 50% pays 94%. Anything below the exact middle and poor pay the remaining 6%.

The idea that people making more money arent paying their fair share is an ignorant stance.

It hardly seems worth it to even tax the bottom 50%?? :D

Pretty much as they are paying almost none of the collected income taxes.
 

Amplifier

Banned
Dec 25, 2004
3,143
0
0
Originally posted by: irwincur
Yeah, the middle class in America is really hurting too. I think it is time that we put things in perspective. The middle class in America is definitely not hurting for anything right now.

However, let us also look at who the middle class is. They are the workers, not the owners. This is an ownership society and as such, typically only those that are owners rise above the masses. What do these numbers tell us (for the less cynical) - that there are probably a good deal of new small business owners in America. Which is good. Now why do I say this... Because economics predicts it. After a recession you have a number of unemployed workers. While most filter back into the system, there are a few that do decide to start their own businesses. These people technically never make it back into the employment roles - as employers they are not counted. This time around, it seems as if there may have been more than the average.

Now, to put it in more perspective. A household with two members with college degees will often be considered rich within 10 years of leaving school. Not that hard and all the more reason to go to school. Anyone can do it, so there are no excuses for those that are too lazy or greedy. I paid for school, I was not rich, and here I am a few years later, on the brink of being called rich. Am I really rich - no, I do not make much more than the average folk in America - but the distinction shrinks every tax cycle.


But, I have a feeling that to the left the floor is dropping. You fail to notice that no one in the Middle Class is really hurting these days compared to the rest of the world or even the Middle Class two decades ago. Just more knee jerk whining and crying from the left.

Well said.

Credit should be given to people from the middle class that don't abuse credit card debt/other leverage. They are the ones you rarely hear complaining.
 

Genx87

Lifer
Apr 8, 2002
41,091
513
126
Originally posted by: aidanjm
Bizarre to see all you stupid, pathetic morons voting/ arguing against your own interests. How many of you are making more than (multi)hundreds of thousands of dollars a year? If you aren't, then the burden of tax is shifting onto YOUR shoulder, and off the shoudlers of the mega-rich. You will have less purchasing power, less time, and a lower quality of life. Enjoy.

Wrong, the burden of the income taxes in this country resides pretty much on the top 25% earners in this country. I believe they account for about 80% of the income taxes collected.

 

Genx87

Lifer
Apr 8, 2002
41,091
513
126
Originally posted by: 1EZduzit
Originally posted by: Skoorb
They pay the most taxes, so it makes sense that a tax cut will benefit them more.

I think that logic is true, but if the rich had to pay their fair share to balance the budget and all tax havens were eliminated, I think it would cost the rich WAY more then there paying now. It would sure make the goverment moe fiscally responsible if they knew that after they mucked up that the tax bill would be fhresh in the taxpayers mind and give more people an incentive to get out and vote.

It would be interesting to see the numbers. I think the rich would squash the bill once they saw what it was going to cost them.


What part about the top 5% paying 53% of the taxes doesnt sink in?

5% of the country paying 53% of the taxes is not fair. If it was fair they would be paying 5% of the income taxes.