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Really - the solution is so ing simple that its disgusting that its made out to be this much of a problem.
Somehow prior to the Bush tax cuts we had huge expansion in the 90s. Roll those ing tax cuts back. Do it for everyone. There's a big portion of the deficit gone.
Really - the solution is so ing simple that its disgusting that its made out to be this much of a problem.
If lowering taxes improves out economy, why not just take in no taxes?
After all, most conservatives say they need the extra money to donate to charity, so I'm sure people would donate enough to keep vital functions like the military and highways running.
"Somehow prior to the Bush tax cuts we had huge expansion in the 90s"
We had huge REAL economic expansion AND widespread increase in middle class wealth, AND huge increases in jobs, between 1946-1975, and taxes were much higher on individuals, capital gains, corporations.
conclusion: VRWC/Repugs are lying to us about tax cuts and big govt and govt-is-the-problem to satisfy their greed and mop up the wealth they don't already own.
less taxes coming in = increased revenues....
makes perfect sense
What would happen if we did?
Serious. Someone humor me and answer my stupid question. What would happen?
why don't you just tell us..
I want to see what you guys think without my thoughts.
You afraid of the question?
because it's a STUPID question..
jesus christ you are oblivious to the obvious
The New Class War: In 12 years, the 400 richest Americans have seen their taxes cut by half
New data released by the IRS reveals that, over a period of 12 years, tax rates for the richest 400 Americans were effectively cut in half. In 1995, the richest 400 Americans paid, on average, 29.93% of their income in federal taxes. In 2007, the last year for which the IRS has released data, the richest 400 Americans paid just 16.63%.
In 1995, just 12 of the 400 richest Americans paid an effective tax rat of between zero and 15%. By 2007, that number skyrocketed to over 150. The massive reduction is due to both Bush-era tax reductions for the wealthy and the aggressive exploitation of tax dodges and shelters.
http://www.dailykos.com/story/2011/0...28Daily+Kos%29
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and of course there is still TAX EVASION using UBS, Credit Suisse, etc to hide "self declared" capital gains overseas. UBS had 50K US accounts, only 5000 were released to IRS to get the IRS off their backs.
Humor me, or is the question too hard for you?
The question is too ridiculous for a serious conversation. Then again, look at who I'm trying to have a conversation with.
it's an unrealistic question with an even more unrealistic answer... knock yourself out..
Manny..answer my questions:
If we fired every teacher in every school district on the first day of the school year, what would happen? How about if Santa Clause were real...how much money would he be making annually?... what if we taxed his earnings at 100%?
Duncan would be taking home the same as Bonner.
The Spurs forum would erupt in furious fury.
What if we made everyone 18 and up pay a flat $20,000 per year?
Wow...
I never realized the question was that difficult. I figured at least 2 or 3 people would be able to give a cogent answer.
You would have my vote if I was selfish. That would be a tax break for me.
are you stupid?
Not at all.
I have a reason for asking. Humor me.
Here is a simple little char from the WSJ showing who pays what
http://http://si.wsj.net/public/resources/images/P1-BB564_EN L_NS_20110712174803.jpg
And the corresponding article: http://http://online.wsj.com/article/SB10001424052702304584404576440250900783950.html?m od=WSJ_hp_LEFTTopStories
What is obvious then?
Well, I'm going to take a short trip to Gresham. Hopefully someone can give me an intelligent answer to my stupid question by the time I get back.
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