What will the filthy 1% rich do with their TAX Cuts??

[Ernie S.]

1) Will they spend it on yachts,planes, more houses?

A good part of it, yes.
The yacht will take 18 months to build and employ probably 50 people directly and hundreds of others will have minor roles.
Same thing with the plane and the houses. Take a guy like Rush Limbaugh. His discretionary spending probably employs a couple hundred people. Increase his taxes and 50 or 60 jobs go away. Now those people have less to spend and 5 or 6 more jobs disappear.

If the rich invest their cash, it will be used to expand businesses, buy machinery hire help; you know actually expand the economy.

Even if the money is only placed in savings accounts, that money does not sit in a vault somewhere. It is invested by the banks or lent to people who want to purchase homes, yachts, cars.... all kinds of things that provide jobs.
Of course, all of this commerce, all of these salaries are taxed, providing tangible assets (wealth) and a positive cash flow to the Treasury.

Liberal wisdom says the government knows better how to spend that money by redistribution. The problem is that when government spends money, it's essentially gone. No wealth, no tangible asset has been created and little if any money gets back to the Treasury in the form of taxes, resulting in a net drain on the economy.

 

[beretta304]

1) Will they spend it on yachts,planes, more houses?
2) Even after spending more will they
a) bury this excess money in the backyard?
b) hide under the mattresses?

Well, I don't know what comes after 1,2,a,b, but Mittens put his money into Luxembourg and other foreign banks and foreign companies.

Why does Mittens hate his own country?

But hey, that won't matter a bit if he's elected because then he won't have to pay even 1%. Maybe then, he'll like his own country.

You are a prime example of arrogance exceeded only by ignorance.

 

[Truthmatters]

The people getting these tax cuts already have yahts you fools..

they will put it in off shore accounts just like robmoney did

 

[Ernie S.]

They will put it in offshore accounts just like robmoney does

And Debbie Wasserman Schultz, and several Kennedys and Pelosis and countless other wealthy people who diversify their investments. Depositing money in foreign banks is not illegal. Investing in off shore businesses is not illegal. What it is, is something Libs can point at and claim that those evil rich people are out to screw you.

Most of my life I was employed by evil rich people and can't ever recall getting a pay check from anyone on food stamps.

 

[grunt11b]

Given that Romney is as liberal/progressives/idiots complain, giving the wealthy tax breaks much like Obama enjoys.. (Obama deducted the $48k he gave his daughters.."gift deduction)...what will those filthy 1% rich do with the tax savings?

1) Will they spend it on yachts,planes, more houses?
2) Even after spending more will they
a) bury this excess money in the backyard?
b) hide under the mattresses?

What happens?

Would you liberals/progressives tell me what happens with these tax savings?


President Obama and his wife, Michele, gave a total of $48,000 in tax-free gifts to their daughters, according to tax records made public on Friday.

The president and his wife separately gave each daughter a $12,000 gift under a section of the federal tax code that exempts such donations from federal taxes.

There is nothing illegal about the president’s taking advantage of this tax shelter, but it does raise eyebrows given that he has lamented the myriad tax exemptions used by the wealthy—“millionaires and billionaires” like himself—to pay less in taxes.

Invest it into business like they've always done, thus creating more jobs, and the elusive trickle down economics that Obama says doesn't exist will be happening right before the moonbat liberal eyes.

 

[WillowTree]

Personally I think the rich are much cleaner than the "filthy" poor.





why are the rich seen as "filthy"? it's unfair. they always look clean and well coifed to me.

Only because they have someone to wash their clothes for them.

See? They create jobs.

 

[grunt11b]

Mortgage interest has been discussed. This would provide a huge blow to the middle class. I thought we wanted more people to be able to afford and keep homes. This would do the contrary.

 

[Truthmatters]

willow persues the American dream.

washing rich peoples clothes for pennies

 

[WillowTree]

willow persues the American dream.

washing rich peoples clothes for pennies

that's exactly how I made and saved my first dime. Washing and ironing my filthy brother's shirts. I still have that dime too.

 

[grunt11b]

1) Will they spend it on yachts,planes, more houses?
2) Even after spending more will they
a) bury this excess money in the backyard?
b) hide under the mattresses?

Well, I don't know what comes after 1,2,a,b, but Mittens put his money into Luxembourg and other foreign banks and foreign companies.

Why does Mittens hate his own country?

But hey, that won't matter a bit if he's elected because then he won't have to pay even 1%. Maybe then, he'll like his own country.

Well Romney may not take a salary as he did ..
During the 2008 primary campaign, Romney said he would donate his salary to charity. In Massachusetts he declined his $135,000 a year salary.

At the Olympics, which he headed for two years, he said he would only accept the $250,000 pay check if the games made a profit. When the Olympics were financially successfully [sic] he turned that money over to charity.

Will Mitt Romney Save the Country for Free? -- Daily Intel

You're wasting your time, giving that much money to charity does not compute in the liberal mind, they only think the government gives to charity "With other peoples hard earned money".

 

[whitehall]

Somehow the neo-socialist crowd that used to love rich guys like the Kennedy's have followed the lock-step democrat party down the road to class warfare. Now the fools think that a smaller tax increase translates to a tax break.

 

[SniperFire]

Incomes and standards of living are low in third world countries because capital formation is low.

Capital formation is how rich nations get and stay rich.

The most direct path to capital formation is for the greedy greedy rich saving and investing their money.

Libtards roil in horror at this basic truth.

 

[grunt11b]

Well, I don't know what comes after 1,2,a,b, but Mittens put his money into Luxembourg and other foreign banks and foreign companies.

Why does Mittens hate his own country?

But hey, that won't matter a bit if he's elected because then he won't have to pay even 1%. Maybe then, he'll like his own country.

Well Romney may not take a salary as he did ..
During the 2008 primary campaign, Romney said he would donate his salary to charity. In Massachusetts he declined his $135,000 a year salary.

That would be like you or me declining to take $5 in gas money from a fellow car pooler or hitch-hiker.

At the Olympics, which he headed for two years, he said he would only accept the $250,000 pay check if the games made a profit. When the Olympics were financially successfully [sic] he turned that money over to charity.

Of course he said that - he had 400 million dollars in taxpayer money to help him ensure the olympics were profitable.

You really are a dumbfuck. Romney is worth $300 million, every bit of which he earned on his own in the private sector, not through tax payers. What a moron.

 

[Truthmatters]

willow persues the American dream.

washing rich peoples clothes for pennies

that's exactly how I made and saved my first dime. Washing and ironing my filthy brother's shirts. I still have that dime too.

but not many others

 

[grunt11b]

They will put it in offshore accounts just like robmoney does

 

[grunt11b]

Personally I think the rich are much cleaner than the "filthy" poor.





why are the rich seen as "filthy"? it's unfair. they always look clean and well coifed to me.

Only because they have someone to wash their clothes for them.

See? They create jobs.

HAHAHAHA!!!!

 

[WillowTree]

willow persues the American dream.

washing rich peoples clothes for pennies

that's exactly how I made and saved my first dime. Washing and ironing my filthy brother's shirts. I still have that dime too.

but not many others

you have no idea how many "others" I have saved. So you LIE. liar.

 

[Erand7899]

The people getting these tax cuts already have yahts you fools..

they will put it in off shore accounts just like robmoney did

So what? Do you have some favorite bank that you think the rich should put their money in? Would you be willing to pay 35% of that money just to be able to put it in a bank in the USA?

Money made overseas is left overseas, because the people and corporations who made that money would have to pay additional taxes to bring the money back here. Do you left wing ideologes have any more stupid ideas on how to make America poorer?

 

[grunt11b]

Somehow the neo-socialist crowd that used to love rich guys like the Kennedy's have followed the lock-step democrat party down the road to class warfare. Now the fools think that a smaller tax increase translates to a tax break.

The Democrat party has been infiltrated by communists/Marxist/fascists. It becomes more apparent day to day in this election cycle with the class warfare and all the other crap they spew.
They have slowly gained power over the course of 60+ years, and when the time was right "The election of a Marxist into the whitehouse", they came out of the closet. If this Doesn't startle and scare your average democrat into voting republican this time around, then I dont know what will.

 

[grunt11b]

willow persues the American dream.

washing rich peoples clothes for pennies

that's exactly how I made and saved my first dime. Washing and ironing my filthy brother's shirts. I still have that dime too.

but not many others

Because they are too busy doing this.