A messsage from Ronald Reagan

Discussion in 'Politics' started by Chris, Aug 1, 2012.

  1. Chris
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    Chris Gold Member

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    "We're going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory some of those loophole were understandable, but in practice, they sometimes made it possible for millionaires to pay nothing." -- Ronald Reagan.
     
  2. buckeye45_73
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    buckeye45_73 Lakhota's my *****

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    yep and democrats love everyone of those loopholes, but you're a partisan tool that's not honest or you're just plain stupid....I dont envy either position.....so which is it?

    OR are you gonna pick the truth and say both parties have rich folks that like loopholes?
     
  3. Chris
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    Chris Gold Member

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    What a weird post.

    Where have you been for the last few years?

    Ever heard of the Buffett Rule?
     
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  4. Chris
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    Chris Gold Member

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    Warren Buffett isn’t the only rich guy who wants to higher taxes on the rich.

    A new survey from Spectrem Group found that 68% of millionaires (those with investments of $1 million or more) support raising taxes on those with $1 million or more in income. Fully 61% of those with net worths of $5 million or more support the tax on million-plus earners.

    Buffett, as you might recall, has proposed raising taxes on million-plus earners, saying the ultra-rich pay lower rates than everyday workers.

    Millionaires Support Warren Buffett
     
  5. Moonglow
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    Moonglow Diamond Member

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    reagan also raised taxes 11 times during his presidency to help pay for the 4 fold increase in defense spending and to cover his tax cuts.
     
  6. Moonglow
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    Moonglow Diamond Member

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    Mittens pays a rate of 13.9%, Kerry paid 13.1%
     
  7. buckeye45_73
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    buckeye45_73 Lakhota's my *****

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    Oh wait another law to "fix" current law, kinda like the 1986 tax bill? or the amnesty plan? yeah they worked out real well, and they were passed by democrats in BOTH houses of congress...do tell, what is the Buffet rule again?

    A White House statement released in January 2012 defined the rule as part of "measures to ensure everyone making over a million dollars a year pays a minimum effective tax rate of at least 30 percent ... implemented in a way that is equitable, including not disadvantaging individuals who make large charitable contributions."[7] The White House also stated that "no household making more than $1 million each year should pay a smaller share of their income in taxes than a middle class family pays."[8]


    Uh oh, even it has loopholes, so which loopholes are closed, it doesnt really say, got a linik?
     
  8. Chris
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    Chris Gold Member

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    Romney won't reveal his tax returns because for several years he paid no taxes.
     
  9. buckeye45_73
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    buckeye45_73 Lakhota's my *****

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    I dont know about the rates, but seems logical.....and that's why taxing the rich is bad...because they will get around it and pass it on to us. Tax the crap out of Bill Gates, and guess what, you think a copy of Windows 7 is expensive now.....just wait.....so what is ironic, is by taxing the rich, you actually have a regressive tax as they will pass it to the consumers (YOU and ME). Kerry wont dock his Yacht in Mass, because the taxes are too high, I really dont make this stuff up, I dont have to.
     
  10. Moonglow
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    Moonglow Diamond Member

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    Taxing the ultra rich by not allowing 77k tax deduction for a horse will not raise my taxes or prices? Unless I want to train a dancing horse.
     

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