Quick tax question

Discussion in 'Politics' started by BBCAmerica, Oct 15, 2012.

  1. BBCAmerica
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    BBCAmerica Active Member

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    During the Clinton years, money, jobs any the economy was great BUT!!! Taxes were high. Bush gave rich folks 2 count em 2 tax cuts. So if tax cuts are the way to fix the economy then what the fuck?
     
  2. BBCAmerica
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    BBCAmerica Active Member

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    Wow!!! Really!!!! Absolutely nothing!!!!
     
  3. SniperFire
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    SniperFire Senior Member

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    The Republicans forced Clinton to cut capital gains taxes, and predictably, those greedy rich bastards took risks again and created all kinds of new jobs.
     
  4. TakeAStepBack
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    TakeAStepBack Gold Member

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    1. Everybody received a Bush tax cut (that actually pays taxes). It wasn't a "for the rich only" adjustment.

    2. Clinton was president during a period that built two bubbles that burst after he left. The NASDAQ bubble and the real estate, or 2008 crisis.

    3. Correlation does not imply causation.

    back to the drawing board, fella.
     
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  5. BBCAmerica
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    BBCAmerica Active Member

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    Oh but Bush cut capital gains taxes to to a third of what it was in the Clinton years. So those greedy bastards stop taking risk when the reward was so much greater? I don't understand. Also if they are paying much less in taxes now than in the Clinton years when all was good. What good is another tax cut gonna do for America as a whole?
     
  6. SniperFire
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    SniperFire Senior Member

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    Says who, moron?


    LOL
     
  7. BBCAmerica
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    BBCAmerica Active Member

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    The recession didn't actually start until Dec,2007 they say.
    Not only that jobs are the only thing that really still down. Sales and production are up but not jobs. Like when food went up because of gas prices. Gas went down but not food.
     
  8. BBCAmerica
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    BBCAmerica Active Member

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    Well, says you moron. That part of your post insinuates that because the capital gains tax was cut the rich took risks and now they don't. I'm simply asking why would they stop taking when they pay even lower capital gains taxes along with every other tax. Or is that not what you were insinuating? Because after all I am a moron and I have been known to screw things when I quote exactly what someone said.
     
  9. chikenwing
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    chikenwing Guest

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    Which tax brackets received the largest percentage of tax relief from the Bush cuts and what were the numbers??

    Who's money is it before the IRS get its hands on it?
     
  10. kaaazuo
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    kaaazuo Member

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    During the Clinton years everything was great because the economy was driven by massive debt as the crazy housing bubble grew. Taxes? Who cared? Money was made and taxes were paid. It all came from growing debt that finally exploded in 2008. Bush didn't blame Clinton and Obama walked into the mess that Clinton created.
     

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