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For the record, a tax credit is an amount of money that can be offset against a tax liability. A tax cut is an actual reduction in the tax liability. A tax credit is available to people who meet a certain guidelines, a tax cut is available to everyone.
In that case, the individual mandate isn't a tax increase, because it applies only "to people who meet a certain guidelines"
But hey - I don't expect the right to ever be consistent with anything.
Tell that to the Supreme Court, I am sure they will be happy to here the USMB resident expert in taxes and cosmology correct them.
He is a winner. 365 electoral votes prove it.
I think Truthmatters's point is that the right hates Obama just because he's Obama. Doesn't matter what his policies are. Even if he is for giving tax breaks to the middle class - they hate him for it. That's not really inconsistent though, I guess, since the right hates the middle class (or redefines it to include only the top income earners)
well if that's the case, then you lefties love Obama just because he's Obama..and you all hate the middle class because you champion all the new taxes that have heaped on us by your dear leader
Obama hasn't imposed any new taxes on the middle class, moron. In fact he's reduced our tax burden. Even if you refuse to take personal responsibility and pay the mandate penalty tax instead, you still come out ahead with the payroll tax reduction.
But hey, don't let facts get in the way of your hatred and feigned outrage.
We were both wrong!
is 100% wrong, and you're still a fucking idiot. Tax credits do not reduce your taxable income.The only thing a tax credit does is reduce the amount of your taxable income...
My wife told me I didn't explain myself clearly, so I'll try again.
"Tax cut" means reducing the rates paid for all, not rigging the system with deductions and credits to pander to favored political patrons.
Right. Because paying less taxes isn't a "tax cut". I already got that. Unless, of course, its passed by a right winger.
BTW - I love how eliminating a tax deduction is considered a "tax hike" but created one is not considered a "tax cut". My Lord you righties are nothing but a bunch of shameless etch-a-sketchers.
Do you know the difference between a tax credit and a tax cut? The article you linked clearly says tax credit.
Right. Because paying less taxes isn't a "tax cut". I already got that. Unless, of course, its passed by a right winger.
BTW - I love how eliminating a tax deduction is considered a "tax hike" but created one is not considered a "tax cut". My Lord you righties are nothing but a bunch of shameless etch-a-sketchers.
Do you know the difference between a tax credit and a tax cut? The article you linked clearly says tax credit.
Yes, I do. Thanks for bringing up the exact same point that QW brought up and that we've already discussed ad nauseum. I hope the opportunity to show the world you know taxes 101 has made you feel more secure as a person.
Now please explain to me the difference between one dollar and one dollar.
Well heck, if a economist who has worked for the Koch brothers promoting the teabagger movement, and who currently works for News Corporation, tells a fake anchorperson who also works for News Corporation that his opinion is that Obama is bad, well then Obama must be bad,.WSJ Chief Economist: 75% of Obamacare Costs Will Fall on Backs of Those Making Less Than $120K a Year | Conservative News, Views & Books
Take Your Medicine, America
Stephen Moore, Senior Economics Writer with the Wall Street Journal, told FOX and Friends this morning that nearly 75% of Obamacare costs will fall on the backs of those Americans making less than $120,000 a year.
Tax credits and other jimmying of the system to benefit favored constituencies aren't rate cuts.
Blatant lying is a really poor way to get your point across.
Right. Having to pay less taxes isn't a tax cut. Got it.
Tax credits mean someone else is paying your "fair share" idiot.
Tax credits and other jimmying of the system to benefit favored constituencies aren't rate cuts.
Blatant lying is a really poor way to get your point across.
Right. Having to pay less taxes isn't a tax cut. Got it.
well if that's the case, then you lefties love Obama just because he's Obama..and you all hate the middle class because you champion all the new taxes that have heaped on us by your dear leader
Obama hasn't imposed any new taxes on the middle class, moron. In fact he's reduced our tax burden. Even if you refuse to take personal responsibility and pay the mandate penalty tax instead, you still come out ahead with the payroll tax reduction.
But hey, don't let facts get in the way of your hatred and feigned outrage.
A payroll tax deduction that will be replaced 1/1/13 with a huge payroll tax increase.
they are showing their true colors
Every time I think I've seen the height of stupidity - they surprise me.
Do you know the difference between a tax credit and a tax cut? The article you linked clearly says tax credit.
Yes, I do. Thanks for bringing up the exact same point that QW brought up and that we've already discussed ad nauseum. I hope the opportunity to show the world you know taxes 101 has made you feel more secure as a person.
Now please explain to me the difference between one dollar and one dollar.
So you're one of those idiots who thinks as long as the result is the same that all avenues of arriving at that result are the same?
Got it.
Why do you oppose reducing the tax burden on the middle class?Tax credits and other jimmying of the system to benefit favored constituencies aren't rate cuts.
Blatant lying is a really poor way to get your point across.
Right. Having to pay less taxes isn't a tax cut. Got it.
Is it what you're saying, "I got mine so screw the rest of you"?
I think I heard that somewhere else on this forum.
What specific tax cut are you talking about? Or are you just talking in generalizations?Why do you oppose tax cuts for the middle class if a Democrat proposes them, but support them if a Republican proposes them?
What specific tax cut are you talking about? Or are you just talking in generalizations?Why do you oppose tax cuts for the middle class if a Democrat proposes them, but support them if a Republican proposes them?
Why do you oppose reducing the tax burden on the middle class?Right. Having to pay less taxes isn't a tax cut. Got it.
Is it what you're saying, "I got mine so screw the rest of you"?
I think I heard that somewhere else on this forum.
