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Bush's tax cuts donít work; rich pay record high, below the median pay record low!

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Old 07-28-2008, 12:27 AM   #31
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Re: Bush's tax cuts donít work; rich pay record high, below the median pay record low!

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Originally Posted by firstdown View Post
Ok, please find when I have blamed Bill for todays problems. Maybe you can go back and find one but thats about it. Are times tough sure, is the media all over it because its an election year HELL YEA!!!!!!!!! I could sit at home and dwell on whats wrong or I can MOVE ON WITH LIFE AND MAKE THE BEST OF WHATS IN FRONT OF ME. I perfer a low tax pres. but if someone gets elected that wants to raise my taxes I'll just keep on doing what I have to do to provide.
Obama is not going to raise taxes on small businesses and he's not going to raise taxes on people with income over 250K. McCain on the other had will exacerbate the deficit by continuing the war and at the same time cutting taxes. Sure some will get a lower tax bill today but future generations will be the one who get screwed at the end.

I'm not sure if you are aware but we currently pay 260 billion dollars in national debt interest annually and just the other day congress had to increase the debt cieling by 800 billion to 10.6 trillion. What does that mean? It means if you can't pay, increase your credit limit.

This isn't complicated folks, it's common sense 101.
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Old 07-30-2008, 09:46 AM   #32
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Re: Bush's tax cuts donít work; rich pay record high, below the median pay record low!

What's-Your-Share-of-the-Nation's-Tax-Bill: Personal Finance News from Yahoo! Finance

Heres another artical stating some of the same things, lets you know wher you fit in, and has less of a bias tone to it. Also the chart at the bottom is pretty nice.

Single filing tax payers need to be extra weary when listening to politicians say who is going to be affected by their proposed tax changes, as they rarely drop filing statuses when siting numbers. If Obama says he only wants to raise taxes for the top quartile of all income earners, and then backs it up with just a number, for married filing jointly, of 131k, that sounds like Robin Hood talk to someone like my mom. Sheís a single teacher in Fairfax Co. which makes it tough for her. But more importantly sheís a single filer with limited deductions and shell likely fall into the category of top quartile.
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Old 07-30-2008, 10:14 AM   #33
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Re: Bush's tax cuts donít work; rich pay record high, below the median pay record low!

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Originally Posted by jsarno View Post
Isn't that the democratic motto?
what about John McCain first saying he doesn't know anything about economics, and then saying he never said it? or McCain saying he is all about the veterans, and then voting against funding for them? both sides play that political game. but nice try, though
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Old 07-30-2008, 11:30 AM   #34
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Re: Bush's tax cuts donít work; rich pay record high, below the median pay record low!

that happens to every bill. so we don't take care of our vets, because there is too much pork attached? these guys don't get anywhere close to the respect that they have earned. the whole political system is turning into a joke. and as far as McCain saying that, i saw it in an interview on CNN
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Old 07-30-2008, 11:32 AM   #35
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Re: Bush's tax cuts donít work; rich pay record high, below the median pay record low!

On a broader range of economic issues, though, Mr. McCain readily departs from Reaganomics. His philosophy is best described as a work in progress. He is refreshingly blunt when he tell me: "I'm going to be honest: I know a lot less about economics than I do about military and foreign policy issues. I still need to be educated." OK, so who does he turn to for advice? His answer is reassuring. His foremost economic guru is former Texas Sen. Phil Gramm (who would almost certainly be Treasury secretary in a McCain administration). He's also friendly with the godfather of supply-side economics, Arthur Laffer.

(From 2005-http://www.opinionjournal.com/editorial/feature.html?id=110007600)

Apparently he said something similar recently at some board meeting.
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Old 07-30-2008, 12:51 PM   #36
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Re: Bush's tax cuts donít work; rich pay record high, below the median pay record low!

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that happens to every bill. so we don't take care of our vets, because there is too much pork attached? these guys don't get anywhere close to the respect that they have earned. the whole political system is turning into a joke. and as far as McCain saying that, i saw it in an interview on CNN
To clarify firstdown's numbers that was $ 23 Billion in unecessary pork. Over 2% of the total spending bill of $ 933 Billion. Where do you draw the line, 3%, 5%? How about none or under 1%, sounds good to me. It isn't the government's job to provide pet subsidies to localities, individuals, or corporations that keep them in office with the money we as taxpayers earned. If I want to keep a politician in office, I'll contribute to the campaign.

But the record deficits are all Bush's fault
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Old 07-30-2008, 03:16 PM   #37
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Re: Bush's tax cuts donít work; rich pay record high, below the median pay record low!

as long as when the Dem's present a bill, the GOP doesn't attach a bunch of crap. you know, the way Washington usually works. and to me, spending money on our vets isn't frivolous, it should be automatic. president Bush had no problem signing that bull shit bill bailing out the mortgage companies. do you agree with financing fannie mae, and freddie mac?
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Old 07-30-2008, 03:17 PM   #38
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Re: Bush's tax cuts donít work; rich pay record high, below the median pay record low!

and firstdown, i enjoy having these discussions with you. i hope you never take it personal
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Old 08-10-2008, 07:28 PM   #39
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Thumbs up Re: Bush's tax cuts donít work; rich pay record high, below the median pay record low!

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Originally Posted by FRPLG View Post
I'd prefer if we just figured out how spend less money rather than raise taxes. I am pretty convinced we can get the same level of shitty services out of our gov't for 75% of our current collective tax burden is. Hell if done right we could probably get fair to middlin' services for 75% if we had competent politicans in charge of putting competent people in charge of our programs and got special interests out of the game.
Very well put !
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Old 08-10-2008, 09:23 PM   #40
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Re: Bush's tax cuts donít work; rich pay record high, below the median pay record low!

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Im not sure if the source is trust worthy but..

Their Fair Share - WSJ.com

The nearby chart shows that the top 1% of taxpayers, those who earn above $388,806, paid 40% of all income taxes in 2006, the highest share in at least 40 years. The top 10% in income, those earning more than $108,904, paid 71%. Barack Obama says he's going to cut taxes for those at the bottom, but that's also going to be a challenge because Americans with an income below the median paid a record low 2.9% of all income taxes, while the top 50% paid 97.1%. Perhaps he thinks half the country should pay all the taxes to support the other half.
Anyone struck by the fact that the bottom 50% of wage earners accounted for only 12% of the income? Probably just a bunch of kids working summer jobs and lazy people who piss away their time though. I doubt it is indicative of any serious inequality or anything. Carry on.
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Old 08-10-2008, 10:25 PM   #41
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Re: Bush's tax cuts donít work; rich pay record high, below the median pay record low!

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The funny thing is that the article demonstrated how cutting taxes actual increases the amount of taxes paid to the federal goverment. From eveything I have read this has been true anytime that taxes hve been cut. Its only lip service so the lower class can get that warm fuzzy feeling that they are sticking it to the mean old rich people.
FactCheck.org: Have tax cuts always resulted in higher tax revenues and more economic growth as many tax cut proponents claim?
FactCheck.org: Supply-side Spin
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