Bush Tax Cuts: The New Middle-Class Norm

Discussion in 'Politics' started by Freewill, Jul 10, 2012.

  1. Freewill
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    Freewill Gold Member

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    Now that Obama wants to drop the Bush tax cuts for those making over 250000 what does that say about what we have been hearing for 10 years? We have been hearing that the Bush tax cuts were only for the rich. Yet here we are, now Obama wants to just drop the cuts for the rich, which means of course the cuts WAS NOT for just the rich.

    Bush Tax Cuts: The New Middle-Class Norm

    Bush Tax Cuts: The New Middle-Class Norm | WBUR & NPR
     
  2. Leweman
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    Leweman Gold Member

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    Dems can't be held responsible for anything they have said in the past.
     
  3. PLYMCO_PILGRIM
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    PLYMCO_PILGRIM Gold Member

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    It has been a bullshit political talking point all along that the Bush cuts were "for the rich"

    As a percentage of their income the "rich" actually received a smaller tax break, under Bush's tax rates, than the poor and middle class received.


    What happens is when you make a million dollars compared to 100,000 dollars a 3% break = more total dollars than a 5% break.

    1,000,000 @ 3% tax break saves 30,000 in taxes
    100,000 @ 5% tax break saves 5,000 in taxes.


    Its just political hogwash and, as you so easily pointed out, has been a half-truth talking point for a long time.
     
  4. SniperFire
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    SniperFire Senior Member

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    Actually, Bush tax cuts went primarily to the middle class.

    The rich now pay their highest share of the Federal income tax burden EVER IN OUR HISTORY.



    Bush stuck it to The Man.
     
  5. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    That is not something to brag about

    The reason they now pay the highest share of the tax burden is because they have assumed their highest share of the wealth
     
  6. SniperFire
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    SniperFire Senior Member

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    Wrong, as usual.

    The reason they are now paying their highest share is that millions of middle income tax payers have simply been lopped off the tax roles.

    That nearly half of Americans now pay no Federal income tax is common knowledge.

    You see - Bush stuck it to The Man.
     
  7. Oddball
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    Oddball BANNED Supporting Member

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    Since he fought to keep the rates in place, they're the Boiking tax cuts.

    It's high time that craven coward owned something.
     
  8. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    Bullshit

    More wealth has shifted to the wealthiest 5% than in any time in our history. Reagan policies ensured that the wealthy could increase their ability to gain wealth and protect it

    The true purpose of supply side economics
     
  9. DiamondDave
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    DiamondDave Army Vet

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    ANYONE who increases their wealth should be entitled to protect it, whether it be 10K or 10MIL.... how much is enough to have confiscated??

    It is of no concern to you, the guy next door, or the government whether person X becomes successful and rich and earns a ton, or person Y earns moderately, or person Z struggles... the struggles of person Z does not entitle them to a share of person X's income nor should it afford them special treatment where they are exempt from their equal % share of taxes and stake in the game
     
  10. SniperFire
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    SniperFire Senior Member

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    It is not bullshit, Libtard.

    85% of the Bush tax cuts went to those other than the rich, and since the rich pay more than 15% of Federal taxes, even a Libtard such as yourself should be able to simply calculate that Bush stuck it to The Man.
     

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