Ryan's budget. WTF?

[MaggieMae]

Obviously the dollar amounts are higher, but their share of the tax burden becomes the lowest the way the system is currently set up.

So they pay the most, but they pay the least because, um, well, OBAMA AKBAR, OBAMA AKBAR....

Are there 12 total IQ points in the entire fascist democratic party?

What is:
15% of $34,000?
35% of $1,000,000?

The person earning $34,000 would have a serious cash flow problem if he paid the full 15%, or $5,100. The person earning $1,000,000 has income tax credits he can take that brings his taxable income down lower than $5,100 (if not, he needs a new tax accountant). But his tax LIABILITY, before the writeoffs, is $350,000.

It's a no-brainer.

 

[MaggieMae]

Intentional misdirection or just bland ignorance? TARP was created by a Republican Congress,

The fuck it was, liar.

Both houses were controlled by the fascist democrats. Further more, your Messiah® was so intent on looting the public on behalf of Goldman Sachs and AIG that he left the campaign trail to vote for TARP.

You fascists are such fucking liars, seriously.

You quite obviously know zero about the history of how TARP came about. Pathetic. Simply fucking pathetic. Go way until you educate yourself. You just look foolish.

 

[MaggieMae]

Every report I've read states that the top 10 percent of income earners pay at least 70 percent of federal income taxes.

Now how can you sit there and say that the rich are paying the least?

Or is that you just can't help from lying?

Obviously the dollar amounts are higher, but their share of the tax burden becomes the lowest the way the system is currently set up.

That's a load of horseshit!

The top earners pay the bulk of federal taxes. Now how in the hell can you say they don't have a heavier tax burden?

Before 2003, the top 1 percent of taxpayers earned about 19 percent of all earnings and paid 31 percent of taxes. After Bush’s tax reform, their share rose to 37 percent of total taxes paid. The top 10 percent of taxpayers didn’t do any better; they had paid 63 percent of taxes before 2003 and paid 68 percent after. The people who benefited the most were the bottom 50 percent of wage earners. They paid 11 percent of taxes before 2003. Now, after the Bush tax reform they pay only 2.89 percent of taxes.

That's nice, except that the higher income folks never actually have to PAY THOSE RATES!!!! But I don't know where you got your percentages, to begin with. Here are the historic tax brackets:

Historical Individual Income Tax Parameters

The tax cuts cost $1.8 trillion in the first eight years, according to an analysis by the Tax Policy Center, whose reliability the last administration went out of its way to praise.

In the two years since 2008, the cuts' total cost grew to $2.3 trillion, the Tax Policy Center estimated.

One of every eight dollars of the tax cuts went to the 1 in 1,000 taxpayers in the top tenth of 1 percent, the annual threshold for which was in the $2 million range throughout the last administration. The only other large beneficiary was parents with children under 17 who make enough to pay income taxes, thanks to the $1,000-per-child tax credit Republicans started championing in the mid-1990s.

In 2008 nearly 1 in every 200 high-income taxpayers paid no federal income tax, up from about 1 in 1,500 in 1998.

The share of high incomes that were untaxed increased more than sevenfold to one dollar of every $166.

All of those numbers are readily available from a myriad of financial pages, as well as the IRS.

 

[Lonestar_logic]

Obviously the dollar amounts are higher, but their share of the tax burden becomes the lowest the way the system is currently set up.

So they pay the most, but they pay the least because, um, well, OBAMA AKBAR, OBAMA AKBAR....

Are there 12 total IQ points in the entire fascist democratic party?

What is:
15% of $34,000?
35% of $1,000,000?

The person earning $34,000 would have a serious cash flow problem if he paid the full 15%, or $5,100. The person earning $1,000,000 has income tax credits he can take that brings his taxable income down lower than $5,100 (if not, he needs a new tax accountant). But his tax LIABILITY, before the writeoffs, is $350,000.

It's a no-brainer.

Are you saying the person making 34 grand has NO tax credits? You're about as stupid as they get. The fact is the bottom 50 percent pay NO federal income tax! And I'm sure the 34grand earnings would be in the bottom 50 percentile.

I earned just over 500 grand this year and paid almost 70 grand in federal income taxes. What were your earnings and how much did you have to pay?

Tell me what tax credits would the one million a year earner use to get his taxes down below 51 hundred? This I'd like to see!

 

[Lonestar_logic]

Obviously the dollar amounts are higher, but their share of the tax burden becomes the lowest the way the system is currently set up.

That's a load of horseshit!

The top earners pay the bulk of federal taxes. Now how in the hell can you say they don't have a heavier tax burden?

Before 2003, the top 1 percent of taxpayers earned about 19 percent of all earnings and paid 31 percent of taxes. After Bush’s tax reform, their share rose to 37 percent of total taxes paid. The top 10 percent of taxpayers didn’t do any better; they had paid 63 percent of taxes before 2003 and paid 68 percent after. The people who benefited the most were the bottom 50 percent of wage earners. They paid 11 percent of taxes before 2003. Now, after the Bush tax reform they pay only 2.89 percent of taxes.

That's nice, except that the higher income folks never actually have to PAY THOSE RATES!!!! But I don't know where you got your percentages, to begin with. Here are the historic tax brackets:

Historical Individual Income Tax Parameters

The tax cuts cost $1.8 trillion in the first eight years, according to an analysis by the Tax Policy Center, whose reliability the last administration went out of its way to praise.

In the two years since 2008, the cuts' total cost grew to $2.3 trillion, the Tax Policy Center estimated.

One of every eight dollars of the tax cuts went to the 1 in 1,000 taxpayers in the top tenth of 1 percent, the annual threshold for which was in the $2 million range throughout the last administration. The only other large beneficiary was parents with children under 17 who make enough to pay income taxes, thanks to the $1,000-per-child tax credit Republicans started championing in the mid-1990s.

In 2008 nearly 1 in every 200 high-income taxpayers paid no federal income tax, up from about 1 in 1,500 in 1998.

The share of high incomes that were untaxed increased more than sevenfold to one dollar of every $166.

All of those numbers are readily available from a myriad of financial pages, as well as the IRS.

You're quoting David Johnston?

 

[Dot Com]

Intentional misdirection or just bland ignorance? TARP was created by a Republican Congress,

The fuck it was, liar.

Both houses were controlled by the fascist democrats. Further more, your Messiah® was so intent on looting the public on behalf of Goldman Sachs and AIG that he left the campaign trail to vote for TARP.

You fascists are such fucking liars, seriously.

But at least they wouldn't be unskilled, like so many who hit the unemployment lines and had jobs they held for 25+ years which will never come back. If the private sector took on all the things I mentioned, it would mean tens of thousands of new jobs. But they don't seem to want to take risks, invest in new industries here, so the government steps in and either gives them a push (seed money/subsidies) or takes over altogether.

In the alleged mind of the leftist, government creates all things..

Say Maggie, what were the most profound advances in the 20th century?

The Interstate Highway System, funded by the federal government.

The Apollo space program, and all space exploration thereafter, funded by the federal government.

To name the biggest ones that CREATED a job CREATION frenzy among the private sector.

And of course there were a few boondoggles that the federal government spent billions on that never, literally, got off the ground: The Star Wars defense shield (Reagan) and the Supercollider (Bush Sr.)

Next question?

He really shot himself in the foot w/ that one. I saw it coming a mile away. He thinks he's real swift

 

[Uncensored2008]

The Interstate Highway System, funded by the federal government.

I'm surprised you didn't put up AFDC or SSI...

What profound changes did the IHS make to the lives of average Americans?

The Apollo space program, and all space exploration thereafter, funded by the federal government.

What did most people get out of it?

To name the biggest ones that CREATED a job CREATION frenzy among the private sector.

I understand that you never made it to high school, but neither of those created the mass of jobs you seem to think they did.

And of course there were a few boondoggles that the federal government spent billions on that never, literally, got off the ground: The Star Wars defense shield (Reagan) and the Supercollider (Bush Sr.)

High Frontier directly effected the fall of the USSR, something the democrats will NEVER forgive Reagan for. Regardless, the program continues to this day, championed by Bill Clinton and Dear Leader alike, as vital to American defense. Apparently KOS or whatever hate site does your thinking for you, didn't get the memo.

Sadly the SuperCollider never saw the light of day, it was canceled by Bill Clinton leading to the further decline of America as the dominant nation for scientific advancement.

Not to insult you Maggie, but you're pretty stupid. Seriously, you are fully aware of your own lack of education and the reasons why you were not able to achieve in academic pursuits.

The invention of the Air Conditioner has save untold lives and changed the nature of the human experience by allowing people to survive and thrive in hostile climates. (Courrier - 1902, America)

The Invention of the Air Plane change the world in dramatic and profound ways. Every aspect of life was altered by this. (Wright Brothers, 1903, America)

Albert Einstein publishes the theory of relativity, creating the atomic age. (1905, Switzerland)

Robert Watson-Watt created Radar in 1935, changing the nature of the threat of attack forever. (America)

The Microwave oven altered the way America and the world cooks. (Spencer (Raytheon,)1946, America)

Bardeen, Brattain, and Shockley invent the transistor. The solid state age opens. (1947, America)

Oral contraceptives (the pill) changed the sexual views and habits of the world. (Colton, 1954, America)

Arguably the most profound invention in human history, the Integrated Circuit changed every aspect and facet of life, virtually no aspect of modern life has not been altered by this miracle. (Kilby, 1958, America)

Building on the work of Jack Kilby and Texas Instruments; Intel is founded and creates the microcomputer. (Noyce, 1971, America)

Ethernet, the foundation of the internet was invented at Xerox (PARC) (Metcalf, 1973, America)

One thing to note, not one dime of government money funded any of these.

 

[Uncensored2008]

What is:
15% of $34,000?
35% of $1,000,000?

The person earning $34,000 would have a serious cash flow problem if he paid the full 15%, or $5,100. The person earning $1,000,000 has income tax credits he can take that brings his taxable income down lower than $5,100 (if not, he needs a new tax accountant). But his tax LIABILITY, before the writeoffs, is $350,000.

It's a no-brainer.

So your argument is that there should be no tax credits or exemptions?

 

[Uncensored2008]

You quite obviously know zero about the history of how TARP came about. Pathetic. Simply fucking pathetic. Go way until you educate yourself. You just look foolish.

Yep, because in 2008, the GOP controlled congress...

{Senate D - 51** House D - 233 }

Party In Power - Congress and Presidency - A Visual Guide To The Balance of Power In Congress, 1945-2008

Fucking moron...

{ (CBS/AP) After one spectacular failure, the $700 billion financial industry bailout found a second life Wednesday, winning lopsided passage in the Senate and gaining ground in the House, where Republicans opposition softened.

Senators loaded the economic rescue bill with tax breaks and other sweeteners before passing it by a wide margin, 74-25, a month before the presidential and congressional elections.

In the House, leaders were working feverishly to convert enough opponents of the bill to push it through by Friday, just days after lawmakers there stunningly rejected an earlier version and sent markets plunging around the globe.

Bipartisan supporters rallied around a unity theme – a stark contrast to the political bickering that marked Monday’s shocking House defeat, reports CBS News correspondent Bob Orr.

The measure did not cause the same uproar in the Senate, where both parties’ presidential candidates, Republican John McCain and Democrat Barack Obama, were making rare appearances to vote their support. That would send the package back to the House, where passage would require a turnaround of 12 votes from Monday’s 228-205 defeat.

Leaders in both parties, as well as private economic chiefs everywhere, said Congress must quickly approve some version of the measure to start loans flowing and stave off a potential national economic disaster.}

Obama, McCain both vote “Yes” on Senate bailout bill | You Decide Politics

GodDAMN but you're stupid. Seriously.

 

[Uncensored2008]

He really shot himself in the foot w/ that one. I saw it coming a mile away. He thinks he's real swift

Yeah I did, Scheiß Maus - I mean, what could be more profound that inventing roads, cause government did - unhunh, Maggie sez sew...

 

[Dot Com]

Thanks for the thread-bumps nonsense2008

 

[Uncensored2008]

Thanks for the thread-bumps nonsense2008

Anytime, Scheiß Maus, I love exposing you fascists as the ignorant fools that you are.