Can We Tax The Rich Enough To Get Out Of Debt?

[Political Junky]

A small increase in taxes under Clinton left us with a surplus.

 

[Gadawg73]

Why is it that when a single woman has her 2nd, 3rd and 4th child she demands each time I have to pay for them no questions asked?
Why can't we end that?

 

[skookerasbil]

Seeing as the budget shortfall is 1.5 Trillion just this year alone, how much more should we tax the "evil rich" so that government can balance the books?
Can We Tax The Rich Enough To Get Out Of Debt? | Tarheel Red

First, the deficit is $1.5 trillion dollars. Can the folks who make more than $200,000 make that up? There are 4,359,936 filers who make that amount of money. Simple math says that if we take 1,500,000,000,000 and divide it by 4,359,936 we get $344,041.7. That means we would have to bill each of those people who earn more than $200,000 a year $344,042 a year. Just to break even.

If confiscating all of their money won't balance the books, then why do some say just raising their taxes would do it?

Liberals dont give a rats ass about any debt.............thats why!! Their only motivation is to fcukk over those people who are successful......its always what its been for time and eternity. These people are fcukking miserable and loath their lot in life. What easier way to vent then to spend your life consumed with fcukking over the successful in the world.

Anybody who thinks a liberal gives a shit about the debt is a sucker.

 

[Charles_Main]

Seeing as the budget shortfall is 1.5 Trillion just this year alone, how much more should we tax the "evil rich" so that government can balance the books?
Can We Tax The Rich Enough To Get Out Of Debt? | Tarheel Red

First, the deficit is $1.5 trillion dollars. Can the folks who make more than $200,000 make that up? There are 4,359,936 filers who make that amount of money. Simple math says that if we take 1,500,000,000,000 and divide it by 4,359,936 we get $344,041.7. That means we would have to bill each of those people who earn more than $200,000 a year $344,042 a year. Just to break even.

If confiscating all of their money won't balance the books, then why do some say just raising their taxes would do it?

Because Obama says so of course.


You are correct, not only will taking 100% of all the "rich" Peoples money not even come close to balancing the Budget, But 80% of the People in the top 2% that Obama calls Millionaires and Billionaires actually earn closer to 200k a year.

So only 20% of the Group he keeps Demonizing as "Millionaires and Billionaires" are even Millionaires to begin with.

No Amount of Tax increases can help this situation, only Economic Expansion will help. The Government would need to Raise taxes enough to increase revenues by over 60% just to Balance the Budget, which any Economist worth his salt will tell you would Destroy the Economy, and therefore the Tax Base.

The only way out of this problem is a well thought out combination of Tax Increases, Spending cuts, and most importantly Steps to help the Private Sector Grow and expand which in the end is the surest way to increase revenue.

 

[AquaAthena]

[B"]Can We Tax The Rich Enough To Get Out Of Debt?"[/B]

Why, no, the government can only reduce their power enough to keep the private sector from growing, while further and quickly, dooming the country into poverty so BiG Government can take over, and control.

 

[Rozman]

The answer from the Left if there was just one honest one among them will be.

We can NEVER tax the rich enough,they have far too much as it is and we need to get paid.

 

[Meister]

Until the politicians have deep spending cuts passed, I'm against any tax increases.
Getting re-elected is much more important to them.

 

[Rozman]

All this talk I'm hearing about restoring the tax rate for those making over 250k tells us all we need to know about this Obama Presidency.

This will affect small business owners in this Obama economy which hasn't recovered at all as far as I'm concerned.This administration will do everything it can to get in the way of this country making it back.If the Left keeps pushing this tax hike on small business it only proves my point that Obama wants this country to fail.

 

[syrenn]

Seeing as the budget shortfall is 1.5 Trillion just this year alone, how much more should we tax the "evil rich" so that government can balance the books?
Can We Tax The Rich Enough To Get Out Of Debt? | Tarheel Red

First, the deficit is $1.5 trillion dollars. Can the folks who make more than $200,000 make that up? There are 4,359,936 filers who make that amount of money. Simple math says that if we take 1,500,000,000,000 and divide it by 4,359,936 we get $344,041.7. That means we would have to bill each of those people who earn more than $200,000 a year $344,042 a year. Just to break even.

If confiscating all of their money won't balance the books, then why do some say just raising their taxes would do it?

Taxing our way out of this wont fix the problem. The only way out is to tax everyone and slash spending

The problem is spending. Spending more then what we have. Feel good social programs are unsustainable. Being the police force for the UN is unsustainable. Giving aid to the world is unsustainable.

 

[Meister]

The top 5% already pay 44% of the taxes already.
The bottom 47% pay nothing.
Give me a friggin' break.

 

[Charles_Main]

A small increase in taxes under Clinton left us with a surplus.

So you don't think the Unprecedented Increase in the Rate of Economic Expansion fueled by the Tech Bubble had anything to do with it eh.

Oh the the Deficit was less than 10% of what it is today, then.

LOL

 

[Charles_Main]

Seeing as the budget shortfall is 1.5 Trillion just this year alone, how much more should we tax the "evil rich" so that government can balance the books?
Can We Tax The Rich Enough To Get Out Of Debt? | Tarheel Red

First, the deficit is $1.5 trillion dollars. Can the folks who make more than $200,000 make that up? There are 4,359,936 filers who make that amount of money. Simple math says that if we take 1,500,000,000,000 and divide it by 4,359,936 we get $344,041.7. That means we would have to bill each of those people who earn more than $200,000 a year $344,042 a year. Just to break even.

If confiscating all of their money won't balance the books, then why do some say just raising their taxes would do it?

Taxing our way out of this wont fix the problem. The only way out is to tax everyone and slash spending

The problem is spending. Spending more then what we have. Feel good social programs are unsustainable. Being the police force for the UN is unsustainable. Giving aid to the world is unsustainable.

You are half right. The Problem is spending, and to little Revenue. Now Increasing Revenue is not as simple as increasing taxes. The Fastest way to see Revenue increase is actually Expansion of the US economy. More Activity, more Income, more Tax Revenue.

Given our current situation the only thing sure to save us is strong Economic Growth.

 

[NYcarbineer]

A small increase in taxes under Clinton left us with a surplus.

So you don't think the Unprecedented Increase in the Rate of Economic Expansion fueled by the Tech Bubble had anything to do with it eh.

Oh the the Deficit was less than 10% of what it is today, then.

LOL

The tech bubble as you call it was brought on by massive amounts of INVESTMENT dollars pouring into the market.

Something the rightwing nuts like you like to claim can't happen AFTER you raise taxes.

 

[NYcarbineer]

Why is it that when a single woman has her 2nd, 3rd and 4th child she demands each time I have to pay for them no questions asked?
Why can't we end that?

The child tax credit effectively wipes out her federal income tax liability, if she's in the middle income area.

 

[Rozman]

We reward those families that crank out the kids.How bout that ends after the third kid.You wanna have 5 kids you pick up the tab.

 

[asterism]

A small increase in taxes under Clinton left us with a surplus.

So you don't think the Unprecedented Increase in the Rate of Economic Expansion fueled by the Tech Bubble had anything to do with it eh.

Oh the the Deficit was less than 10% of what it is today, then.

LOL

The tech bubble as you call it was brought on by massive amounts of INVESTMENT dollars pouring into the market.

Something the rightwing nuts like you like to claim can't happen AFTER you raise taxes.

Not without another tech explosion on the horizon. We were told that the "Green Economy" was just waiting to be properly recognized in 2008. So where is it?

 

[syrenn]

Seeing as the budget shortfall is 1.5 Trillion just this year alone, how much more should we tax the "evil rich" so that government can balance the books?
Can We Tax The Rich Enough To Get Out Of Debt? | Tarheel Red
If confiscating all of their money won't balance the books, then why do some say just raising their taxes would do it?

Taxing our way out of this wont fix the problem. The only way out is to tax everyone and slash spending

The problem is spending. Spending more then what we have. Feel good social programs are unsustainable. Being the police force for the UN is unsustainable. Giving aid to the world is unsustainable.

You are half right. The Problem is spending, and to little Revenue. Now Increasing Revenue is not as simple as increasing taxes. The Fastest way to see Revenue increase is actually Expansion of the US economy. More Activity, more Income, more Tax Revenue.

Given our current situation the only thing sure to save us is strong Economic Growth.

How about we charge for our military support...there is revenue for ya. Other then that revenue is a private sector thing..and the government taxing business out of this country, or government union protectionism, is not helping the revenue situation at all.

 

[syrenn]

Why is it that when a single woman has her 2nd, 3rd and 4th child she demands each time I have to pay for them no questions asked?
Why can't we end that?

The way i see it is that people without children should be getting the tax credit. They put no strain on the system.

IMO you should be able to afford children and not expect others to pay for your brood.

 

[Toro]

No.

 

[Gadawg73]

Why is it that when a single woman has her 2nd, 3rd and 4th child she demands each time I have to pay for them no questions asked?
Why can't we end that?

The way i see it is that people without children should be getting the tax credit. They put no strain on the system.

IMO you should be able to afford children and not expect others to pay for your brood.

Respectfully, think real hard there about what you are claiming.
Without additional wage earners who is going to fund your social security and Medicare when you retire?
That would be CHILDREN.
But I do oppose tax credits of all kinds no matter what they are.