Interesting Fact from Obama's Speech.

[2centsworth]

Obama mentioned that he will cut taxes for 95% of the population. From what he said, I take it his reasoning was that the top 5% of tax payers aren't paying their fair share. Please answer two questions for me.

1. How do you cut income taxes for 95% of the population when 50% of the population pays virtually ZERO?

2. the top 5% of tax payers pay 60%. What's the right level and why?


http://www.ntu.org/main/page.php?PageID=6

[Mr. Peabody]

Obama mentioned that he will cut taxes for 95% of the population. From what he said, I take it his reasoning was that the top 5% of tax payers aren't paying their fair share. Please answer two questions for me.

1. How do you cut income taxes for 95% of the population when 50% of the population pays virtually ZERO?

2. the top 5% of tax payers pay 60%. What's the right level and why?


http://www.ntu.org/main/page.php?PageID=6

http://www.spurstalk.com/forums/showthread.php?t=103967

[Wild Cobra]

Maybe he plans to make the economy so bad that 95% of the people lose their jobs so they don't pay social security?

[2centsworth]

http://www.spurstalk.com/forums/showthread.php?t=103967

so you have no answer, get it.

[Mr. Peabody]

so you have no answer, get it.

I don't know right now. I'm still laughing my ass off over McCain's selection for VP.

[2centsworth]

I don't know right now. I'm still laughing my ass off over McCain's selection for VP.

that's what I thought.

[Aggie Hoopsfan]

Obama hasn't provided any facts so far, you really didn't think he'd start now, did you?

fify.

[Mr. Peabody]

I guess putting the words "Obama" and "tax" into Google was too difficult.

http://www.barackobama.com/pdf/taxes...Plan_FINAL.pdf

[Wild Cobra]

I guess putting the words "Obama" and "tax" into Google was too difficult.

http://www.barackobama.com/pdf/taxes...Plan_FINAL.pdf

Interesting. He wants to reduce revenues to less than 18.2% of GDP. He wants to increase social spending. Which is he lying about?

[Mr. Peabody]

Interesting. He wants to reduce revenues to less than 18.2% of GDP. He wants to increase social spending. Which is he lying about?

I would think that winding down a trillion dollar war might free up some money.

The Obama plan pays for these tax cuts by cutting spending overall. Obama’s spending cuts include responsibly ending the war in Iraq, limiting payments to highincome farmers, cutting subsidies for private plans in Medicare, reforming student loans, cutting earmarks to at least the level they were in 1994, ending no-bid contracting, and phasing out unnecessary and duplicative programs.

[2centsworth]

I guess putting the words "Obama" and "tax" into Google was too difficult.

http://www.barackobama.com/pdf/taxes...Plan_FINAL.pdf

is there an echo in here? first point of that plan was to cut taxes for 95% of people. Again how do you cut taxes for 95% when 50% pay zero?

second point he made was to provide generous cuts to another segment who again don't pay taxes. How do you cut zero?

[2centsworth]

I would think that winding down a trillion dollar war might free up some money.

won't even make a dent in welfare.

[Wild Cobra]

is there an echo in here? first point of that plan was to cut taxes for 95% of people. Again how do you cut taxes for 95% when 50% pay zero?

Lib s just don't understand real logic like that.

Want to upset a conservative, tell him a lie.

Want to upset a liberal, tell him the truth!

second point he made was to provide generous cuts to another segment who again don't pay taxes. How do you cut zero?

What they don't say is that they increase "Earned Income Credit" and give more child credits too. There's even a $4,000 college credit.

More redistribution of wealth!

[ChumpDumper]

Define "virtually zero."

[Mr. Body]

Lib s just don't understand real logic like that.

Sarah Palin has a child with Downs Syndrome. I doubt she'd be pleased you calling people re s.

[Anti.Hero]

Top 10% already pay for 80%.


That's bull . They should be paying 150%.



Let's grow America. Yes We Can.

[Anti.Hero]

Define "virtually zero."

Bottom 50% could quit paying any income tax and no one would notice.



But let's keep catering to them to strengthen America.

[Spurminator]

He said 95% of working families. And pardon my confusion but where in your link does it show that 50% of the population pays zero taxes?

[Spurminator]

Bottom 50% could quit paying any income tax and no one would notice.

I bet they would notice.

[Bartleby]

won't even make a dent in social security and medicare & medicaid.

FIFY

[Anti.Hero]

I bet they would notice.

F'realz. New big screen TV.



It's interesting though. 80% is a high number. How high does it have to get before they say it, start hiding their money, and just retire. Let someone else foot the bill.

I understand getting the poor to hate the rich. That's a good political strategy. What happens when the dude making 70k+ starts to really hate the poor?

[Spurminator]

If you want to reduce it to classist snobbery I'm sure we can find some items the top tax bracket can do without, but that's not really what it's all about, is it?

[Anti.Hero]

If you want to reduce it to classist snobbery I'm sure we can find some items the top tax bracket can do without, but that's not really what it's all about, is it?

Someone feeling en led to someone else's money is pretty snobbish.

[2centsworth]

He said 95% of working families. And pardon my confusion but where in your link does it show that 50% of the population pays zero taxes?

read the chart, and we're talking about income taxes.

[Spurminator]

I did read the chart. It says the bottom 50% pay 3% of all federal income tax. So what am I missing?