Republican Tax Increases

[ElNono]

I'm just wondering how this self-proclaimed 'independent' voted in the last 5 or so presidential elections.

[Wild Cobra]

I love how you insult Marcus for saying that you obviously are Republican, by claiming to know his party and calling him a lib .

Marcus is obviously not a liberal to anyone who cares to read it. That you so willingly apply such a broad brush to anyone who disagrees with you gives further credence to what Marcus said.

I will admit to -for-tat at times.

[CosmicCowboy]

It would probably hurt in the beginning before we reach equilibrium but it's a market correction. The tax cuts should never have happened to begin with.

In reality, what will happen is that the tax cuts will be extended for anyone making less than $XX, with XX being whatever income level covers enough voters.

Cynical but true.

The simple truth is that "taxing the rich" just isn't enough.

They are gonna eventually have to hit the middle class because thats where the big money is.

[Wild Cobra]

I'm just wondering how this self-proclaimed 'independent' voted in the last 5 or so presidential elections.

Reagan, Reagan, Mickey Mouse, Perot, Dole, Phillips, Bush, Palin.

[Wild Cobra]

Cynical but true.

The simple truth is that "taxing the rich" just isn't enough.

They are gonna eventually have to hit the middle class because thats where the big money is.

That's why we need to focus on bringing blue collar labor back to increase the middle class, and reduce the number or poor.

We need more tax payers. Not more taxes.

[ElNono]

That's why we need to focus on bringing blue collar labor back to increase the middle class, and reduce the number or poor.

We need more tax payers. Not more taxes.

That's easy to say, but actually making it happen is more complicated.

These tax breaks were originally meant to do exactly that by ways of 'trickle down economics', which obviously was a complete failure.

So what alternative do you suggest?

[LnGrrrR]

So when the tax cuts expire, the little guy gets hurt more. Right?

Well, you could take either side of this debate, but I would argue that the "little guy" would be hurt more, yes.

[coyotes_geek]

This thread reinforces my belief in the flat tax.

[Wild Cobra]

This thread reinforces my belief in the flat tax.

Me too, or the Fair Tax.

[CosmicCowboy]

That's easy to say, but actually making it happen is more complicated.

These tax breaks were originally meant to do exactly that by ways of 'trickle down economics', which obviously was a complete failure.

So what alternative do you suggest?

Actually they also raised the threshold where you start to pay tax and even reinforced the negative tax where if you made less than a certain amount you got a check.

I can hardly propose a new tax code in a post on a message board but part of the problem we have today with runaway spending is that too much of our population has NO skin in the game. I don't care if it's 1% on the poorest I think everyone should pay taxes. if you pay no taxes at all or even get a "bonus" check from the government because you don't make enough you have NO personal interest in the Feds pissing off stupid money because it simply doesn't effect you.

[Marcus Bryant]

They are gonna eventually have to hit the middle class because thats where the big money is.

Indeed. The middle class es about federal income taxes as if they really share a significant part of the burden.

[Wild Cobra]

Actually they also raised the threshold where you start to pay tax and even reinforced the negative tax where if you made less than a certain amount you got a check.

I can hardly propose a new tax code in a post on a message board but part of the problem we have today with runaway spending is that too much of our population has NO skin in the game. I don't care if it's 1% on the poorest I think everyone should pay taxes. if you pay no taxes at all or even get a "bonus" check from the government because you don't make enough you have NO personal interest in the Feds pissing off stupid money because it simply doesn't effect you.

Yes, and I have often said something similar.

It bothers me that everyone who claims to be an American doesn't believe this way.

[Wild Cobra]

Indeed. The middle class es about federal income taxes as if they really share a significant part of the burden.

Isn't about half the burden enough?

[coyotes_geek]

Actually they also raised the threshold where you start to pay tax and even reinforced the negative tax where if you made less than a certain amount you got a check.

I can hardly propose a new tax code in a post on a message board but part of the problem we have today with runaway spending is that too much of our population has NO skin in the game. I don't care if it's 1% on the poorest I think everyone should pay taxes. if you pay no taxes at all or even get a "bonus" check from the government because you don't make enough you have NO personal interest in the Feds pissing off stupid money because it simply doesn't effect you.

Well said. Couldn't agree more. Everyone over the poverty line needs to be paying something, and under no cir stances should anyone be getting a "refund" on taxes they didn't pay.

[LnGrrrR]

Indeed. The middle class es about federal income taxes as if they really share a significant part of the burden.

Individually not, but collectively I believe they do.

[fraga]

[Wild Cobra]

LOL...

Almost completely accurate.

[Nbadan]

Well said. Couldn't agree more. Everyone over the poverty line needs to be paying something, and under no cir stances should anyone be getting a "refund" on taxes they didn't pay.

They don't get a refund on taxes they didn't pay - they get a refund because they have exemptions that amount to a larger total than the amount of taxes they are supposed to pay for their income....kinda like when businesses get to write off business expenses and amortize their furniture and from their profit margins so they pay less federal taxes.....

....be consistent, are you for eliminating all business exemptions and write-offs too? Yes? ....You fascists.....

[Nbadan]

Individually not, but collectively I believe they do.

The upper middle class pays the majority of personal taxes.....

[Marcus Bryant]

Individually not, but collectively I believe they do.

A little dated but a reasonable representation of today's situation, considering the Bush tax cuts did shift more of the burden upward (while reducing it in total overall):

http://www.sugisorensen.com/taxes/index.html

A different kind of 80-20 rule. Something to consider the next time you hear Joe Bob about income taxes, unless he's a 'Millionaire Next Door.'

Of course, this does not include SS and FICA taxes.

[ElNono]

Actually they also raised the threshold where you start to pay tax and even reinforced the negative tax where if you made less than a certain amount you got a check.

I can hardly propose a new tax code in a post on a message board but part of the problem we have today with runaway spending is that too much of our population has NO skin in the game. I don't care if it's 1% on the poorest I think everyone should pay taxes. if you pay no taxes at all or even get a "bonus" check from the government because you don't make enough you have NO personal interest in the Feds pissing off stupid money because it simply doesn't effect you.

Well said. Obviously, that would mean taxing more people, not less.

[Nbadan]

Well said. Obviously, that would mean taxing more people, not less.

If there was a living wage in the US that was reasonable, I'm sure more people would not mind paying more in taxes...'bonus checks' to poor people in the form of tax returns are really corporate subsidies for businesses that do not pay their employees a living wage to sustain themselves without assistance...

[Parker2112]

If you go by this graph, you can watch the little guys disappear completely!

Of course taxes paid by the wealthiest percentages are climbing, and crossing the rest of the country...

They are taking claim of the entire damn pie!

And keep in mind this graph doesnt show the increase in wealth for the top 1%, but lumps together the entire top 20%. In effect, it hides the ridiculous e for the wealthiest one percent.




something like this...


Thus the crossing tax totals make perfect sense TO THE EDUCATED CONS UENT.

[Parker2112]

The little guy says, "Oh Nooooo...."


Then tries to cope...

[Parker2112]

And Trade Tony Parker Already, Pop!