Yurt
Gold Member
- Thread starter
- #21
I wasn't dinging you on the 40%, yurt. You were simply rounding off and I was using 39 instead of 40.
But, the fact is, that the President advocated increasing the marginal tax rate to what it was before the Bush Tax cuts. Under our system, that means that for every dollar earned over the bottom of the tax bracket you pay 39.6%; however, each tax payer is allowed to use the tax code to his advantage to bring down the tax rate. The President did not advocate a flat tax... unfortunately, but rather the same BS tax code we have had for decades but with higher marginal rates. He wasn't being hypocritical in this case. He played by the rules he was advocating last year.
Maybe if he wanted to put his money where his mouth was, he could have contributed extra, but he was not going against his earlier stance.
Immie
when you round, you round up....
fact is, he did not pay 40%, he paid less than 33%. so what you saying is, he knew that he could raise the rate, make liberals happy and the poor feel like he is sticking to the rich, but then use the tax code to not pay 40%....
further, obama said that he wants to close loopholes that allow rich people to get out of paying their fair share:
Our tax code is riddled with special interest loopholes that allow some corporations and wealthy individuals to avoid paying their fair share of
taxes. As President, Obama would move aggressively to close inefficient loopholes...
http://www.barackobama.com/pdf/taxes/Factsheet_Tax_Plan_FINAL.pdf
so, he wants them to be taxed at 39.6%, but then he will use those loopholes so that he doesn't have to give up 39.6% of his money...come on, biden and other dems say paying taxes is patriotic, well, walk the walk...don't use loopholes
No, you round to the nearest. Five and above you round up, four or less you round down. I wasn't sure and did not care whether it was (.0, .1, .2, .3, .4, .5, .6, .7, .8, .9) it simply didn't matter.
You are playing games with his words. He said he wanted to raise the top marginal rate to the rates before Bushes tax cuts. He did not say he wanted the rich to pay that effective rate. There is a big difference and I am fully confident that you know that.
Immie
i meant in this case you round up as it was .6....
i think it is humorous that a guy who calls for raising taxes on the wealthy uses deductions to reduce his taxes. this guy who tells others to pay their fair share and that taxes are patriotic, uses whatever legal means necessary to REDUCE his taxes. it is hypocrisy.
and btw, i just realized, that though i think obama should have set himself at the 39.6% rate he says people like him should pay, i am sure he paid his taxes under bush's old tax rate. which i find is even more hilarious. he doesn't want to pay the government any more than he has to say, uses deductions and uses BUSH'S tax rate, yet the libs whine about people paying their fair share.