America's 2-class tax system

[MaggieMae]

When GE pays local taxes on purchases they get to write them off as an expense.

When their workers pay local taxes on purchases they do not get to write them off.

When GE pays local real estate taxes, it gets to write them off their bottom line and therefore their taxes.

When GE's workers pay the same taxes, few of them get to write them off because they don't make enough money to enjoy that write off.

When the CEO of GE takes his limo to work GE gets to write off the expense as a cost of doing business.

When his workers drive the cars they bought and paid for (and get taxed like crazy to own and operate, too) they don't get to write that off, either, again because so few of them make enough to itemize their taxes.

I could goo and on citing one example after the other where corporations( mostly by dint of the enormous size of their returns) enjoy TAX breaks few of their workers enjoy.

DEclaing that the rich pay the majorioty of the taxes its taking to keep our society afloat is a big fat LUE by half truth.

A technique of foisting a lie that the supply siders have honed to perfection.

Who really pays most of the taxes that keeps our federal state and local governments going?

The middle class BY FAR, the middle class.

The font of ALL wealth in this nation, folks.

The MIDDLE CLASS.

They get to write it off indirectly through a Standard Deduction. If you don't spend enough to itemize, what's the difference?

Oh, and you need to support your claims with links instead of just saying it's so, especially when they go against the facts so glaringly.

I'd like to see proof that the federal government is oppressing corporate America with corporate tax rates so damn high that these businesses are forced to outsource jobs to China and Mexico. The rightwing morons have been stating this lie repeatedly in all of their speeches yet the evidence shows that businesses have been flourishing, even making huge profits while paying virtually no federal taxes and even getting returns.

I have to give the Republicans credit for always coming up with a mantra that sticks. They sure do know better than Democrats that there are great masses of people who are so unread and therefore uneducated on critical topics that they will believe a single catchall phrase as gospel:

"We don't have a revenue problem, we have a spending problem."

That is only a half-truth, and they know it. We have BOTH.

 

[Robert]

America's 2-class tax system | Philadelphia Inquirer | 04/17/2011


"We'll know our disinformation program is complete when everything the American public believes is false."


A rare moment of honesty for rightwing Republitards.


One of the more egregious falsehoods being peddled by the corporate tax cutters is that companies doing business in the United States are taxed at an exorbitant rate. Not so. Though the United States has one of the highest statutory rates on the books at 35 percent, the only fair way to measure what companies actually pay is their effective rate - what they ultimately pay after deductions, credits, and assorted write-offs. By that yardstick, companies in the United States consistently pay taxes at rates lower than corporations in Japan and many nations in Europe.

During the 1950s, the decade in which more people joined the middle class than at any time in history - before or since - corporations paid 49 percent of their profits in taxes. Last year, it was about half that rate, a decidedly more modest 26 percent. In 2010, corporate tax collections totaled $191 billion - down 8 percent from $207 billion as recently as 2000.

Perhaps a more telling yardstick, corporate tax revenue in 2009 came to just 1 percent of gross domestic product - the lowest collection level since 1936, or three-quarters of a century ago. In 2010, it edged up to a puny 1.3 percent - the second-lowest since 1940. Even worse, the shriveled tax collections came at a time when corporations were registering an all-time high in profits. At the end of 2010, corporations posted an annualized profit of $1.65 trillion in the fourth quarter. In other words, the more they made, the less they paid.

As for the corporate share of total income taxes paid by businesses and individuals, it has plummeted from 40 percent in 1950, the dawn of Middle America's golden age, to 18 percent last year.

The numbers tell us that a lot of politicians, including would-be presidential candidates, are mathematically challenged.

The corporate numbers also explain why hardworking Americans are on a greased downward slope from which they are unlikely to recover, as long as the lawmakers and deal-makers in Washington not only refuse to ease their plight, but also continue to pile on, compelling them alone to pay for the country's massive deficit while simultaneously chipping away at their safety nets.


You rightwing, deluded morons have made it painfully hard to defend tax cuts and what simply amounts to corporate welfare, for big business, I seriously believe that the only reason you jackasses continue to defend and promote lies is just to save face from telling the American people they've been bamboozled and hoodwinked.

Yes the Givers and the Takers how sad to think that libtards care so little for our nation and its people that instead of fiding ways to increase the the numbers of givers the libtards instead grow the takers.

Its painfully obvious that this administration could care less about the plight of millions of Americans everything he's done to date has been to take more from our people to give to others'. Has he helped those who have lost their home's...No
How about those that have lost their Job's.....No
Has he found a way to increase the number of job's.......No in fact has done just the opposite.

Yet here we have the libtards screaming for more and more when there is none to given have these same libtards done anything at all to help our Nation..not really they've taken they've demanded more from those of us who productive but not once have the libtards done anything to correct the problems we see today.

 

[MaggieMae]

America's 2-class tax system | Philadelphia Inquirer | 04/17/2011


"We'll know our disinformation program is complete when everything the American public believes is false."


A rare moment of honesty for rightwing Republitards.


One of the more egregious falsehoods being peddled by the corporate tax cutters is that companies doing business in the United States are taxed at an exorbitant rate. Not so. Though the United States has one of the highest statutory rates on the books at 35 percent, the only fair way to measure what companies actually pay is their effective rate - what they ultimately pay after deductions, credits, and assorted write-offs. By that yardstick, companies in the United States consistently pay taxes at rates lower than corporations in Japan and many nations in Europe.

During the 1950s, the decade in which more people joined the middle class than at any time in history - before or since - corporations paid 49 percent of their profits in taxes. Last year, it was about half that rate, a decidedly more modest 26 percent. In 2010, corporate tax collections totaled $191 billion - down 8 percent from $207 billion as recently as 2000.

Perhaps a more telling yardstick, corporate tax revenue in 2009 came to just 1 percent of gross domestic product - the lowest collection level since 1936, or three-quarters of a century ago. In 2010, it edged up to a puny 1.3 percent - the second-lowest since 1940. Even worse, the shriveled tax collections came at a time when corporations were registering an all-time high in profits. At the end of 2010, corporations posted an annualized profit of $1.65 trillion in the fourth quarter. In other words, the more they made, the less they paid.

As for the corporate share of total income taxes paid by businesses and individuals, it has plummeted from 40 percent in 1950, the dawn of Middle America's golden age, to 18 percent last year.

The numbers tell us that a lot of politicians, including would-be presidential candidates, are mathematically challenged.

The corporate numbers also explain why hardworking Americans are on a greased downward slope from which they are unlikely to recover, as long as the lawmakers and deal-makers in Washington not only refuse to ease their plight, but also continue to pile on, compelling them alone to pay for the country's massive deficit while simultaneously chipping away at their safety nets.


You rightwing, deluded morons have made it painfully hard to defend tax cuts and what simply amounts to corporate welfare, for big business, I seriously believe that the only reason you jackasses continue to defend and promote lies is just to save face from telling the American people they've been bamboozled and hoodwinked.

Yes the Givers and the Takers how sad to think that libtards care so little for our nation and its people that instead of fiding ways to increase the the numbers of givers the libtards instead grow the takers.

Its painfully obvious that this administration could care less about the plight of millions of Americans everything he's done to date has been to take more from our people to give to others'. Has he helped those who have lost their home's...No
How about those that have lost their Job's.....No
Has he found a way to increase the number of job's.......No in fact has done just the opposite.

Yet here we have the libtards screaming for more and more when there is none to given have these same libtards done anything at all to help our Nation..not really they've taken they've demanded more from those of us who productive but not once have the libtards done anything to correct the problems we see today.

Have you been in a coma for the past year and a half? Who was it that provided huge mortgage credits, relief from foreclosure, fought tooth and nail to extend unemployment benefits, gave huge tax credits to small businesses so they wouldn't go bust until they could fend for themselves, cut a deal which was against their grain to extend the tax cuts so that the middle class wouldn't see even more loss of income in the near future?

 

[Bass v 2.0]

America's 2-class tax system | Philadelphia Inquirer | 04/17/2011


"We'll know our disinformation program is complete when everything the American public believes is false."


A rare moment of honesty for rightwing Republitards.


One of the more egregious falsehoods being peddled by the corporate tax cutters is that companies doing business in the United States are taxed at an exorbitant rate. Not so. Though the United States has one of the highest statutory rates on the books at 35 percent, the only fair way to measure what companies actually pay is their effective rate - what they ultimately pay after deductions, credits, and assorted write-offs. By that yardstick, companies in the United States consistently pay taxes at rates lower than corporations in Japan and many nations in Europe.

During the 1950s, the decade in which more people joined the middle class than at any time in history - before or since - corporations paid 49 percent of their profits in taxes. Last year, it was about half that rate, a decidedly more modest 26 percent. In 2010, corporate tax collections totaled $191 billion - down 8 percent from $207 billion as recently as 2000.

Perhaps a more telling yardstick, corporate tax revenue in 2009 came to just 1 percent of gross domestic product - the lowest collection level since 1936, or three-quarters of a century ago. In 2010, it edged up to a puny 1.3 percent - the second-lowest since 1940. Even worse, the shriveled tax collections came at a time when corporations were registering an all-time high in profits. At the end of 2010, corporations posted an annualized profit of $1.65 trillion in the fourth quarter. In other words, the more they made, the less they paid.

As for the corporate share of total income taxes paid by businesses and individuals, it has plummeted from 40 percent in 1950, the dawn of Middle America's golden age, to 18 percent last year.

The numbers tell us that a lot of politicians, including would-be presidential candidates, are mathematically challenged.

The corporate numbers also explain why hardworking Americans are on a greased downward slope from which they are unlikely to recover, as long as the lawmakers and deal-makers in Washington not only refuse to ease their plight, but also continue to pile on, compelling them alone to pay for the country's massive deficit while simultaneously chipping away at their safety nets.


You rightwing, deluded morons have made it painfully hard to defend tax cuts and what simply amounts to corporate welfare, for big business, I seriously believe that the only reason you jackasses continue to defend and promote lies is just to save face from telling the American people they've been bamboozled and hoodwinked.

Yes the Givers and the Takers how sad to think that libtards care so little for our nation and its people that instead of fiding ways to increase the the numbers of givers the libtards instead grow the takers.

Its painfully obvious that this administration could care less about the plight of millions of Americans everything he's done to date has been to take more from our people to give to others'. Has he helped those who have lost their home's...No
How about those that have lost their Job's.....No
Has he found a way to increase the number of job's.......No in fact has done just the opposite.

Yet here we have the libtards screaming for more and more when there is none to given have these same libtards done anything at all to help our Nation..not really they've taken they've demanded more from those of us who productive but not once have the libtards done anything to correct the problems we see today.

Why are rightwing monkeytards promoting the lie that federal and public employees are blood suckers living it up that should contribute more while simultaneously promoting tax cuts for the rich and corporate rip off America to create jobs when its obvious that trickle down has trickled into the pockets of the rich who keep getting richer? What are you Republitards doing about that injustice, I thought you Tea Party monkeys are against establishment Republitards? Seems to me that you're both one and the same.

 

[Robert]

America's 2-class tax system | Philadelphia Inquirer | 04/17/2011


"We'll know our disinformation program is complete when everything the American public believes is false."


A rare moment of honesty for rightwing Republitards.


One of the more egregious falsehoods being peddled by the corporate tax cutters is that companies doing business in the United States are taxed at an exorbitant rate. Not so. Though the United States has one of the highest statutory rates on the books at 35 percent, the only fair way to measure what companies actually pay is their effective rate - what they ultimately pay after deductions, credits, and assorted write-offs. By that yardstick, companies in the United States consistently pay taxes at rates lower than corporations in Japan and many nations in Europe.

During the 1950s, the decade in which more people joined the middle class than at any time in history - before or since - corporations paid 49 percent of their profits in taxes. Last year, it was about half that rate, a decidedly more modest 26 percent. In 2010, corporate tax collections totaled $191 billion - down 8 percent from $207 billion as recently as 2000.

Perhaps a more telling yardstick, corporate tax revenue in 2009 came to just 1 percent of gross domestic product - the lowest collection level since 1936, or three-quarters of a century ago. In 2010, it edged up to a puny 1.3 percent - the second-lowest since 1940. Even worse, the shriveled tax collections came at a time when corporations were registering an all-time high in profits. At the end of 2010, corporations posted an annualized profit of $1.65 trillion in the fourth quarter. In other words, the more they made, the less they paid.

As for the corporate share of total income taxes paid by businesses and individuals, it has plummeted from 40 percent in 1950, the dawn of Middle America's golden age, to 18 percent last year.

The numbers tell us that a lot of politicians, including would-be presidential candidates, are mathematically challenged.

The corporate numbers also explain why hardworking Americans are on a greased downward slope from which they are unlikely to recover, as long as the lawmakers and deal-makers in Washington not only refuse to ease their plight, but also continue to pile on, compelling them alone to pay for the country's massive deficit while simultaneously chipping away at their safety nets.


You rightwing, deluded morons have made it painfully hard to defend tax cuts and what simply amounts to corporate welfare, for big business, I seriously believe that the only reason you jackasses continue to defend and promote lies is just to save face from telling the American people they've been bamboozled and hoodwinked.

Yes the Givers and the Takers how sad to think that libtards care so little for our nation and its people that instead of fiding ways to increase the the numbers of givers the libtards instead grow the takers.

Its painfully obvious that this administration could care less about the plight of millions of Americans everything he's done to date has been to take more from our people to give to others'. Has he helped those who have lost their home's...No
How about those that have lost their Job's.....No
Has he found a way to increase the number of job's.......No in fact has done just the opposite.

Yet here we have the libtards screaming for more and more when there is none to given have these same libtards done anything at all to help our Nation..not really they've taken they've demanded more from those of us who productive but not once have the libtards done anything to correct the problems we see today.

Why are rightwing monkeytards promoting the lie that federal and public employees are blood suckers living it up that should contribute more while simultaneously promoting tax cuts for the rich and corporate rip off America to create jobs when its obvious that trickle down has trickled into the pockets of the rich who keep getting richer? What are you Republitards doing about that injustice, I thought you Tea Party monkeys are against establishment Republitards? Seems to me that you're both one and the same.

So do explain to us what the libtards have done to help our nation and the millions who are suffering from the train-wreak that is this administration. I see more screaming for more from those who produce...I completely fail to see any effort at all being made to help those who need a hand up instead we see every effort being made to drag everyone else down.

Has the left tried to stop the fiscal nightmare we see today...No instead we see them doing EVERYTHING in their power to increase the problem.

Please do explain what the let has done to heal our Nation....Class warfare isn't healing BTW

 

[Bass v 2.0]

Yes the Givers and the Takers how sad to think that libtards care so little for our nation and its people that instead of fiding ways to increase the the numbers of givers the libtards instead grow the takers.

Its painfully obvious that this administration could care less about the plight of millions of Americans everything he's done to date has been to take more from our people to give to others'. Has he helped those who have lost their home's...No
How about those that have lost their Job's.....No
Has he found a way to increase the number of job's.......No in fact has done just the opposite.

Yet here we have the libtards screaming for more and more when there is none to given have these same libtards done anything at all to help our Nation..not really they've taken they've demanded more from those of us who productive but not once have the libtards done anything to correct the problems we see today.

Why are rightwing monkeytards promoting the lie that federal and public employees are blood suckers living it up that should contribute more while simultaneously promoting tax cuts for the rich and corporate rip off America to create jobs when its obvious that trickle down has trickled into the pockets of the rich who keep getting richer? What are you Republitards doing about that injustice, I thought you Tea Party monkeys are against establishment Republitards? Seems to me that you're both one and the same.

So do explain to us what the libtards have done to help our nation and the millions who are suffering from the train-wreak that is this administration. I see more screaming for more from those who produce...I completely fail to see any effort at all being made to help those who need a hand up instead we see every effort being made to drag everyone else down.

Has the left tried to stop the fiscal nightmare we see today...No instead we see them doing EVERYTHING in their power to increase the problem.

Please do explain what the let has done to heal our Nation....Class warfare isn't healing BTW

I'm a conservative, not a liberal why ask me that question? lets not get things twisted, Republitards are not true conservatives, they have hijacked thaat to make people think they're the polar opposites of Democrats.

 

[Robert]

Why are rightwing monkeytards promoting the lie that federal and public employees are blood suckers living it up that should contribute more while simultaneously promoting tax cuts for the rich and corporate rip off America to create jobs when its obvious that trickle down has trickled into the pockets of the rich who keep getting richer? What are you Republitards doing about that injustice, I thought you Tea Party monkeys are against establishment Republitards? Seems to me that you're both one and the same.

So do explain to us what the libtards have done to help our nation and the millions who are suffering from the train-wreak that is this administration. I see more screaming for more from those who produce...I completely fail to see any effort at all being made to help those who need a hand up instead we see every effort being made to drag everyone else down.

Has the left tried to stop the fiscal nightmare we see today...No instead we see them doing EVERYTHING in their power to increase the problem.

Please do explain what the let has done to heal our Nation....Class warfare isn't healing BTW

I'm a conservative, not a liberal why ask me that question? lets not get things twisted, Republitards are not true conservatives, they have hijacked thaat to make people think they're the polar opposites of Democrats.

Yet isn't it funny how you only attack one side of the equation....Ahhh yes the givers and the takers.

 

[MaggieMae]

Yes the Givers and the Takers how sad to think that libtards care so little for our nation and its people that instead of fiding ways to increase the the numbers of givers the libtards instead grow the takers.

Its painfully obvious that this administration could care less about the plight of millions of Americans everything he's done to date has been to take more from our people to give to others'. Has he helped those who have lost their home's...No
How about those that have lost their Job's.....No
Has he found a way to increase the number of job's.......No in fact has done just the opposite.

Yet here we have the libtards screaming for more and more when there is none to given have these same libtards done anything at all to help our Nation..not really they've taken they've demanded more from those of us who productive but not once have the libtards done anything to correct the problems we see today.

Why are rightwing monkeytards promoting the lie that federal and public employees are blood suckers living it up that should contribute more while simultaneously promoting tax cuts for the rich and corporate rip off America to create jobs when its obvious that trickle down has trickled into the pockets of the rich who keep getting richer? What are you Republitards doing about that injustice, I thought you Tea Party monkeys are against establishment Republitards? Seems to me that you're both one and the same.

So do explain to us what the libtards have done to help our nation and the millions who are suffering from the train-wreak that is this administration. I see more screaming for more from those who produce...I completely fail to see any effort at all being made to help those who need a hand up instead we see every effort being made to drag everyone else down.

Has the left tried to stop the fiscal nightmare we see today...No instead we see them doing EVERYTHING in their power to increase the problem.

Please do explain what the let has done to heal our Nation....Class warfare isn't healing BTW

What is it you want? Another stimulus? A check in the mail? Yeah, that would go over big with the people YOU side with like a lead balloon.

 

[Robert]

Why are rightwing monkeytards promoting the lie that federal and public employees are blood suckers living it up that should contribute more while simultaneously promoting tax cuts for the rich and corporate rip off America to create jobs when its obvious that trickle down has trickled into the pockets of the rich who keep getting richer? What are you Republitards doing about that injustice, I thought you Tea Party monkeys are against establishment Republitards? Seems to me that you're both one and the same.

So do explain to us what the libtards have done to help our nation and the millions who are suffering from the train-wreak that is this administration. I see more screaming for more from those who produce...I completely fail to see any effort at all being made to help those who need a hand up instead we see every effort being made to drag everyone else down.

Has the left tried to stop the fiscal nightmare we see today...No instead we see them doing EVERYTHING in their power to increase the problem.

Please do explain what the let has done to heal our Nation....Class warfare isn't healing BTW

What is it you want? Another stimulus? A check in the mail? Yeah, that would go over big with the people YOU side with like a lead balloon.

Its a simple question what policy or polices have been undertaken by the left to make the situation better? The only thing I've seen thus far is increased hate filled rhetoric calling on even greater amounts of class warfare.

Now instead of the left saying anything at all about the MASSIVE 15 trillion dollar deficit we see the left falling all over themselves to justify it rather then calling for spending to be cut.

Instead of the left calling for help to business who would hire more we instead see the left being even more anti-business if that's even possible.

Instead of the Left trying to be inclusive we find the left being evermore divisive in its rhetoric.

So please like I asked I guess I missed the lefts attempt at healing our Nation what has you done?

 

[AVG-JOE]

and the left has been doing something about this the last 50 years or so....right Bass?..and if you believe they are now......there is only one person here being bamboozled and hoodwinked......you the so-called Conservative.....

So the last bastion of the proven to be bullshit "Trickle Down Theory of Economics" is the Republican Party... Who could have predicted that one?

The fun part is watching people leave the republican party as they look at the graphs of "Tax cuts for the wealthy -vs- Jobs created in the USA" over the last decade.

The sad part is knowing their political choices once they wise up.

if anyone think rich Democrats care about the rest of us......keep dreaming....the rich stick together and i dont care what party they are from.....and if Bass was suddenly worth 50 million....he would be right there with them.....

The truly rich don't 'belong' to either party - they have investments, both short term and long term, cooking in both parties. Keeping the status quo isn't cheap.

 

[AVG-JOE]

When GE pays local taxes on purchases they get to write them off as an expense.

When their workers pay local taxes on purchases they do not get to write them off.

When GE pays local real estate taxes, it gets to write them off their bottom line and therefore their taxes.

When GE's workers pay the same taxes, few of them get to write them off because they don't make enough money to enjoy that write off.

When the CEO of GE takes his limo to work GE gets to write off the expense as a cost of doing business.

When his workers drive the cars they bought and paid for (and get taxed like crazy to own and operate, too) they don't get to write that off, either, again because so few of them make enough to itemize their taxes.

I could goo and on citing one example after the other where corporations( mostly by dint of the enormous size of their returns) enjoy TAX breaks few of their workers enjoy.

DEclaing that the rich pay the majorioty of the taxes its taking to keep our society afloat is a big fat LUE by half truth.

A technique of foisting a lie that the supply siders have honed to perfection.

Who really pays most of the taxes that keeps our federal state and local governments going?

The middle class BY FAR, the middle class.

The font of ALL wealth in this nation, folks.

The MIDDLE CLASS.

They get to write it off indirectly through a Standard Deduction. If you don't spend enough to itemize, what's the difference?

Oh, and you need to support your claims with links instead of just saying it's so, especially when they go against the facts so glaringly.

How in the **** can you defend the reams of bullshit referred to as The US Tax Code?

Simple taxes = fair taxes.

Simplify the tax code NOW!

 

[AVG-JOE]

Yes the Givers and the Takers how sad to think that libtards care so little for our nation and its people that instead of fiding ways to increase the the numbers of givers the libtards instead grow the takers.

Its painfully obvious that this administration could care less about the plight of millions of Americans everything he's done to date has been to take more from our people to give to others'. Has he helped those who have lost their home's...No
How about those that have lost their Job's.....No
Has he found a way to increase the number of job's.......No in fact has done just the opposite.

Yet here we have the libtards screaming for more and more when there is none to given have these same libtards done anything at all to help our Nation..not really they've taken they've demanded more from those of us who productive but not once have the libtards done anything to correct the problems we see today.

It's not about 'more' any more than it's about 'less'. It's about fair.

Simple taxes = fair taxes.

End the bullshit. Simplify the tax code.

How anyone, except those who move enough money around to warrant a lawyer and an accountant to file, can defend our current tax code is beyond me.

Do we have THAT many of top 25% in income posting here at USMB? I'm impressed.

 

[AVG-JOE]

Yes the Givers and the Takers how sad to think that libtards care so little for our nation and its people that instead of fiding ways to increase the the numbers of givers the libtards instead grow the takers.

Its painfully obvious that this administration could care less about the plight of millions of Americans everything he's done to date has been to take more from our people to give to others'. Has he helped those who have lost their home's...No
How about those that have lost their Job's.....No
Has he found a way to increase the number of job's.......No in fact has done just the opposite.

Yet here we have the libtards screaming for more and more when there is none to given have these same libtards done anything at all to help our Nation..not really they've taken they've demanded more from those of us who productive but not once have the libtards done anything to correct the problems we see today.

Why are rightwing monkeytards promoting the lie that federal and public employees are blood suckers living it up that should contribute more while simultaneously promoting tax cuts for the rich and corporate rip off America to create jobs when its obvious that trickle down has trickled into the pockets of the rich who keep getting richer? What are you Republitards doing about that injustice, I thought you Tea Party monkeys are against establishment Republitards? Seems to me that you're both one and the same.

So do explain to us what the libtards have done to help our nation and the millions who are suffering from the train-wreak that is this administration. I see more screaming for more from those who produce...I completely fail to see any effort at all being made to help those who need a hand up instead we see every effort being made to drag everyone else down.

Has the left tried to stop the fiscal nightmare we see today...No instead we see them doing EVERYTHING in their power to increase the problem.

Please do explain what the let has done to heal our Nation....Class warfare isn't healing BTW

Whatever progress some were making toward providing quality education for all and a little help for folks who've been dealt a bad hand pretty much got shot to shit by the new republican voice. Something about the investment class not being able to afford it. It must be cheaper to euthanize the poor via abortion and malnutrition while housing the survivors in prisons of varying security. Sad times in America indeed.

 

[Harry Dresden]

Who the hell is supporting rich Democrats you retard? Your logic of saying "Democrats do it too" doesn't change the reality of what the rightwing monkey Republitards are advocating and lying about, you really think two wrongs makes a right?

you are you stupid ****.....read your own stupid ******* posts.....

 

[Harry Dresden]

What works? When, in recent history, have we had the most economic prosperity in our country, what were the factors? WHAT WORKS? What were the factors during the Clinton years when 22 million jobs were created? What about the "boom" of the 50s?

during Clintons time?....like when the Dot-Com boom hit.....Clinton was President at a good time .....the Boom helped him alot....

 

[Harry Dresden]

Democrats have been trying to do something about corporate welfare for decades. Unfortunately, that's where the big guns (lobbyists) spend the most money to protect.

im sure they have Maggie.....so they are bought by the lobbyist just like the Republicans are......if they wanted to they could end Lobbying.....but then they would be taking a pay cut....so the only way that will end is if the public rises up about Lobbying.....

 

[Harry Dresden]

spel:

"We don't have a revenue problem, we have a spending problem."

That is only a half-truth, and they know it. We have BOTH.

the Dems in my State seem to think the oppisite.....

"We don't have a spending problem, we have a revenue problem."......they are wrong too....and they know it.....

 

[Harry Dresden]

I'm a conservative, not a liberal why ask me that question? lets not get things twisted, Republitards are not true conservatives, they have hijacked thaat to make people think they're the polar opposites of Democrats.

oh christ here we go again.....

 

[georgephillip]

Corporate tax receipts plunge 31% in 1st Quarter of 2011:
News Headlines

As corporate earnings season fires up, a piece of data from the U.S. Treasury could be a warning shot for stock market investors. Federal corporate income tax receipts plunged 31% in the first quarter of 2011 from a year earlier, a potential indicator of weaker-than-expected Q1 corporate profits.

In case you didn't know, the US Treasury is the place where businesses, who pay taxes quarterly, send their checks to. It's down 31%. That means businesses are making less money. That means business is slowing down. More than likely the double dip recession as the government stimulus wears off.

What's the Liberal idea for fixing this? Take more money from them of course! Which is the exact opposite of what they should do!

Apparently "shared sacrifice" doesn't apply to government.

BULLSHIT! Here's where their "money" went:

U.S. companies buy back stock in droves as they hold record levels of cash

"Microsoft, for instance, borrowed $4.75 billion last month by issuing new bonds at rock-bottom interest rates and announced it would use some of that money to buy back shares.

"The company already has nearly $37 billion in cash, but much of that money is being held by its operations overseas.

"The tech company is reluctant to repatriate the money, because it would get hit with a huge corporate tax bill."

Not that the US needs the money.

U.S. companies buy back stock in droves as they hold record levels of cash

 

[Londoner]

The US has the highest corporate tax rate in the world:
AEI - Report Card on Effective Corporate Tax Rates

Plus, companies have State taxes and when applicable, city taxes. In China and Japan for example, corporations pay their Government tax and that's it!

As an individual I pay Federal, State and City taxes and that aint good either, but I guess that comes under the Liberal idea of "everyone must pay their fair share" and "shared sacrifice". Thanks Leftwing Deluded Morons!

Everyone knows the 35% rate has more loopholes than any single tax law in existence. It's like the income tax, which income the truly wealthy don't earn their living on. They pay 15% on capital gains. Income is for schlubs who can't afford to buy politicians.
General Electric Paid No Federal Taxes in 2010 - ABC News

Study history.

During the postwar years the US had significantly higher tax rates, and the economy saw its highest, most sustained growth. The high tax rate was used to shore up middle class demand so that consumers had sufficient financial security to spend money and drive the economy. It worked perfectly. The more money in middle class pockets, the more the capitalist has to add jobs/innovation in order to capture that money. Today, after 30 years of defunding the middle class, the capitalist has no incentive to add jobs. Why? The middle class does not have sufficient money to spend - their programs, wages, and benefits have been cut. Essentially, American capital paid to bring the no-benefit, no-entitlement 3rd world labor model to America. Problem is: America's domestic economy cannot function with 3rd world consumers. The American economy is built from MASSIVE middle class demand.

The Reagan Model - which ends government investment in the middle class in favor of subsidies and tax cuts for the wealthy - has destroyed the middle class consumer, who ultimately required unsustainable levels of credit to maintain consumption. Now, without the credit, there is nothing to drive consumption. There is no reason to add jobs


Higher tax rates seem to work quite well, if done properly
During the Clinton years, tax rates were higher and the economy boomed. Bush inherited a surplus, than he instituted the largest tax cuts in American history and the economy has been in crisis ever since. In fact, the Busies needed to dump massive liquidity on the housing market to make up for the revenue shortfall. This turned into a disaster.

Son, you've been lied to by your party. Let me explain their plan.

Reagan created a very specific strategy called "Starve the best". His theory, promoted by Milton Friedman, was this: if you deny government revenue; if you force it into a revenue crisis, spending will decrease. Reagan learned that his theory was a fallacy, especially because he didn't want to cut spending: for every dollar he took from education he put $100 into idiotic programs like "Star Wars". That is, Reagan actually grew spending , exploded the debt, and grew the size of the federal government over Carter by an embarrassing degree. The reason you don't know this is because your media source don't tell you.

Little known fact about Reagan's "Starve the Beast"
When Ronnie realized that his original tax cuts sent the economy into crisis (by exploding government deficits and debt), he increased taxes. He limited the crisis from growing into a disaster.

Enter Bush 41. "Starve the Beast" on steroids
Bush 41 decided that he would do what Reagan refused to do: create such an extreme revenue shortfall that Federal and State governments would be thrust into a terrible crisis. He amplified the crisis with the help a GOP Congress: together they spent more than any group in history to that date. They bankrupted government beyond anything ever seen -- but they did this not in response to a once in a century meltdown; they did it after they had been handed a surplus; after they had proof that the Clinton tax rates worked to create a powerful economy where debt and deficits could be controlled, but capital had sufficient incentive and demand to invest in the economy. They created an artificial disaster to defund the middle class and lower labor costs. Everyone knows a prosperous, upwardly mobile middle class brings much higher labor costs to any supply chain. This is why American capital prefers 3rd world sweat shops. This is why Nikes are made for 20 cents in countries which brutally repress their workers and citizens. Capital represses whatever population it operates in because disenfranchised slave labor boosts profit margins.

Rather than blame "Starve the Beast" for the crisis - rather than blame the very thing that was specifically designed to cause the disaster -- they blamed the tax and legislative policies which created the postwar middle class, and lead to the most powerful demand-centered consumption economy in history. As I have said, the revenue crisis of the Bush tax cuts was used as a tool to transfer broad investment in the middle class to narrow corporate pockets.

Here is the problem. They created a financial disaster that has destroyed the country beyond anybody's worst imagination.