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sorry. I copied the url incorrectly at first. The link works now.
According to the article below in the Orange County (California) Register, federal and combined federal and local taxes are at a lower point relative to the the median U.S. income than at any time since the 1950's (for feds) and the 1960s (for combined).
http://www.ocregister.com/news/-117079-ocprint--.html.
Last edited by EVAY; 04-18-2011 at 01:30 PM.
sorry. I copied the url incorrectly at first. The link works now.
Trickle down. Look at all the jobs those untaxed dollars have created.
There is no political will from either party to to raise taxes on median income families even though that is where the big money is...mainly because that is where the majority of the votes are too...it is much easier to demonize the "rich" even though that is not the answer to deficits.
I keep saying that congress needs to stop stifling business so we can have more employed people, hence, more tax payers.
"much easier to demonize the "rich" even though that is not the answer to deficits."
the under-taxed, tax-avoiding, tax-evading rich demons caused the criminal Banksters Great Depression, they should "share the sacrifice" forced on everyone else, for many years to come.
don't you ever tire of usimg the same old GOP talking points? Sort of like Enron.. get out of there way and let them run!
Does anyone here feel that they are not taxed enough? I pay more in just State Tax, Franchise Tax board, sales tax, gas tax, tire tax, school tax, DMV fees, etc etc than many middle income earners pay in Federal income tax…
You could move to another state, stop driving, and stop going to school maybe?
The point of the article, however, was that taxes, both federal and combined federal and local are LOWER now as a percentage of median income than at any time in the last 50-60 years.
And we are drowning in debt!!
To say that "I am paying more than someone else" is TOTALLY missing the point.
The point is that the public has been sold on a political line that says: "Taxes are ALWAYS too high and it is ALWAYS good to lower taxes.
If taxes are lower on average than they have been in the last 50-60 years, why is Paul Ryan advocating more tax CUTS as a way of reducing our debt?
C'mon guys...this is essential arithmetic.
"why is Paul Ryan advocating more tax CUTS as a way of reducing our debt"
Because he's a LYING BAS .
Ryan's "budget" fantasies dispel any doubt that he and Repugs are party of the Have-It-Alls and are bent of ing over the Have-Nots.
Political cant trumps it. Has for a generation now.
Perversely, appeals to reality and reason mainly serve to anchor people all the more firmly in the political faiths that resist them.
Reality, common sense --- even basic math -- are radical, inimical to both major political tribes.
Today we are very close to the utopia where human consciousness conforms completely to ideology and no longer thinks for itself. When ideology becomes more powerful than reality and truth and the political ostracizes independent thought, post-humanism isn't far off ... and may be already present.
You should actually read what he says and not what your left wing websites say about him. He is not advocating lowering tax revenue, but rather lowering the basic tax rate and simplifying the tax code and eliminating most of the credits/deductions. The result could actually be revenue positive.
"He is not advocating lowering tax revenue"
He wants to lower the tax rate on the wealthy, and he wants to pay for it by destroying Medicare, Medicaid, and Soc Sec.
The US tax code is hyper-complicated because that's the way the wealthy have paid for it to be, to their advantage, to game the system.
Ryan won't be able to change about the tax code, just like $30B spending cuts are meaningless (except to the people being cut).
There is no data showing lower tax rates increases tax take. A voo-doo economics fantasy just like trickle down.
Last edited by boutons_deux; 04-19-2011 at 09:43 AM.
I'm sorry if you cannot grasp such simple concept.
I assume by calling this a talking point, you believe we need less tax payers paying more taxes?
Apparently, people like George don't think they pay enough. I suggest they write checks to the IRS and their state to help out.
Yep, the math says as you decrease your number of tax payers, the combined average tax revenue will decrease, unless you raise tax rates enough to offset the losses.
I will say again. We need more tax payers.
Letting in more young immigrants will be one option.
Only if we need jobs filled that Americans cannot take. Most the jobs (illegal) immigrants are taking pay so low that income taxes are not taken out. However, if we got US citizens to work them, it would reduce the cost of government hand-outs.
the same handouts you utilized?
I'll ask..what specifically are you talking about?don't you ever tire of usimg the same old GOP talking points? Sort of like Enron.. get out of there way and let them run!
All I can do is wonder how dumb people like you are for bringing that up. Using programs as a safety net are far different than using them as a hammock. Are you too dumb to see that?
Calling my words GOP talking points, as if they are wrong, so I must assume you believe the opposite.
This is simply not factually correct.
Even the most conservative economists acknowledge that the Bush tax cuts contributed 1 and 1/2 Trillion to the national debt that (belatedly) now has everyone in the Republican Party exercised.
Cutting tax rates further for the same folks that got the earlier tax cuts will lower revenues even more.
Supply side economics has never accomplished one damn thing except the increase in the national debt. That is what happened when Reagan tried, it is what happened when George W. Bush tried it, and it will happen again if Paul Rand tries it.
There are facts here, folks. Facts.
Supply side economics is a failed, failed system.
YOU are not factually correct. Every year new tax credits and deductions are granted to the politically connected. It doesn't matter what the "base" rate is if massive exemptions are constantly being d out by congress.
It is a fact that there is a "sweet spot" on tax rates somewhere between 0% and 100% that maximizes revenue.
The "fair" way as advocated by Paul is a lower base rate and doing away with or at least massively limiting credits and deductions. Who do you think takes the best advantage of these credits and deductions? It's not Joe Middle Class...it's those evil rich people...
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