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Funny how Obama is too much of a pussy to raise them now.
"those who pay no income tax"
give me the punitive rate of income tax that the avg Wal-mart associate of $17K/year must pay to satisfy your thirst for "fairness"
Funny how Obama is too much of a pussy to raise them now.
Yeah, that stimulus was just the shot in the arm the economy needed.
Will taxing the 250K billionaire class get more customers in the door?
How much of the stimulus package was tax cuts? You'd probably think zero if you were a republican.
"Will taxing the 250K billionaire class get more customers in the door?"
no, but it would pay down the deficit.
Will cutting taxes on the 250K billionaire class get more customers in the door?
dubya's 2001/2003 tax cuts did all to create jobs (aka, increase consumers and their expenditures).
How do you mean?
Certainly he was last December when he assumed stewardship of the Bush tax cuts, but the bargain he's driving right now includes tax hikes and revenue enhancements.
35%. Its what I pay. I work 60-70 hour weeks routinely. If you need more money work more hours. You might not make as much as someone else putting in that time, but I earn every penny I make. You can see why I am reluctant to just watch it get pissed away by my government.
Do you really believe that someone making the $17,000 per year that B-D quotes as a Walmart employee's salary ought to be paying in 35% in federal taxes?
Really
Just FWIW, I am in the 35% tax bracket, and I think my taxes ought to go up to help with this damnable deficit. I made out like crazy during the years of the Bush tax cuts, but worried constantly about how much debt we were piling up.
It is my turn now to help with some sacrifice.
And brother, if you are making enough money to have to pay in at the 35% level, it is your f'ing turn, too.
Why not? If 17,000 is not enough, work more hours. I do. I put in 10-12 hour days M-F and usually work on Saturdays and Sundays. I get compensated well for my work but I put in the hours.
Will the employee at Walmart make what I make? No, but they certainly can't claim that their earning capacity is capped at 17,000.
Brother, I pay enough taxes. I also have the experience of working with several state and federal government agencies so I know first hand how much waste goes on with my tax dollars. People who don't pay taxes...its their f'ing turn.
Well, if they are going to raise taxes I hope it is to the income tax rate and not capital gains...doing away with the cap gains rates totally negates any incentive to save or invest.
Capital gains used to be 25%, just about where middle wage earners are.
With super wealthy continuing to suck wealth out of Human-Americans while paying only 15% (for that which they self declare, the rest goes offshore), 25% capital gains would suck some of it back.
I happen to agree with this. When people really want to talk about incenting people, capital gains are not the things to tax. Income? Okay, fine. But capital gains is where you can really come up with some negative incentives if you start taxing them too heavily.
Capital gains is where the investment dollars show up and job creation matters. Negatively incenting that by increasing that tax rate is counter-productive.
Pretending that increasing the income tax rate on millionaires from 35% to 39% is going to materially impact the employment rate is just flat wrong.
http://www.latimes.com/media/photo/2...0-12094919.jpg
Republican leaders signaled increasing pessimism about the likelihood of a deal and laid the blame for deteriorating negotiations squarely on President Obama's shoulders.
"I was one of those who had long hoped we could do something big for the country," Mitch McConnell, the Senate minority leader, said in a floor speech Tuesday. "But in my view, the president has presented us with three choices: smoke and mirrors, tax hikes, or default. Republicans choose none of the above."
http://www.latimes.com/news/politics...,5394704.story
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O'Connell LIES by leaving out the majority of The American People who support tax hikes.
You are lucky enough to have the genetic capability to marshall your intellect and the experience to have learned to discipline yourself to work long hours. Congratulations on that. I mean it.
However, none of the above says that the guy at Wal-Mart should only have less than $12,000 per year take home pay in your scenario of everyone paying in at the same rate (35%).
Don't you realize that our society (read taxpayers) will simply have to supplement that guy's income more by taking it away and then having to give back some services in government programs because people cannot subsist on that income in this society without help. So, what you would accomplish would be more government waste by having the government take they guy's wages and then expand the services to him and his family. You have already said that you witness government inefficiency...why add to the tasks assigned to it, then?
"then having to give back some services in government programs"
nope, the "tax everybody" crowd of sociopaths wants to kill (taxpayer) assistance to the poor. They're nothing but lazy, leeching cheaters who should be left to disease, rot, and die, the sooner the better.
"I was one of those who had long hoped we could do something big for the country," Mitch McConnell, the Senate minority leader, said in a floor speech Tuesday. "But in my view, the president has presented us with three choices: smoke and mirrors, tax hikes, or default. Republicans choose none of the above."
"Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren."
Repugs have shifted the burden from the super wealthy and corps to the bottom 1/3, who will go without health care, chances for advancement/social mobility, access to birth control and legal aid, etc. Repugs are craven sociopaths. They hate Human-Americans, and have every intention of wreaking havoc on as many H-As as they can.
"America has a debt problem"
Govt spending as percentage of GDP is at a minimum going back decades. No "runaway spending", just Repugs cutting taxes to starve the beast has created huge revenue problem, as they always intended.
"Republicans care about the black vote"
-- dubya to the NAACP
... not about black people, whose "cared for votes" the Repugs try systematically to disenfranchise.
Just like the Dems with Bush? Did you complain then?
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