Tax cuts for the rich a mistake

[Zona]

Sure, only in your world is not raising taxes a tax cut. Taxing the shit outta 2% of the population will go along way towards reducing the debt. Nevermind the 120,000,000 paying $0 income taxes and that spending is approaching 30% of GDP.

More leftwing, classwarfare claptrap.

So the top 2% should get tax cuts and cost us 700 Billion?

Fiscal conservatism be damned? lol If you need your opinion on this, I can link you to fox.

Okay... hmmmmmm

Well, we could also always cut all overpayments to the bottom 60% of tax payers who get all their taxes back and THEN some. End the redistribution of wealth. Probably save us more than what you rake in off the rich.

Either way, someone's losing dough. Let's take it from those who don't deserve it. Sound good to you?

Ok...if you want to stick with that...I would rather the middle class get a tax break than the rich.

 

[Barb]

WASHINGTON (CNNMoney.com) -- Treasury Secretary Tim Geithner is expected Wednesday to back the idea of letting tax cuts for the wealthiest Americans lapse as a step toward getting the nation's fiscal house in order.

"Borrowing to finance tax cuts for the top 2% would be a $700 billion fiscal mistake," Geithner is expected to say, according to released excerpts of his prepared remarks before the Center for American Progress in Washington. "It's not the prescription the economy needs right now, and the country can't afford it."

Geithner backs letting tax cuts for wealthiest lapse - Aug. 4, 2010

we're going to listen to a tax cheat explain how the rich won't weasel out of 'their fair share'?

What's the last job you got from someone getting welfare?

Lets see:
Landlords pay their mortgages and taxes from rent subsidies, some whose mortgages are already paid make a tidy profit. The taxes those landlords pay also fund a host of Sate and local social goods, which also employ people.
Grocers in or near poor areas make much of their profits from food stamps, and they employ people.
The people at DMV are employed through fees that the working poor (often the benefit of in-kind payments such as food stamps, rent and electric subsidies) who can afford to keep an automobile on the road pay.
Mass transit workers move those who cannot afford an automobile to and from job interviews and low paid employment.
Those who work at shit wages prop up the bottom line for most stock portfolios:
And according to trickle down theory, those healthy payoffs for investors fuel the economy and create more jobs.
Seems we ALL profit from the misery of the poor.
Thanks for asking.

 

[Barb]

WASHINGTON (CNNMoney.com) -- Treasury Secretary Tim Geithner is expected Wednesday to back the idea of letting tax cuts for the wealthiest Americans lapse as a step toward getting the nation's fiscal house in order.

"Borrowing to finance tax cuts for the top 2% would be a $700 billion fiscal mistake," Geithner is expected to say, according to released excerpts of his prepared remarks before the Center for American Progress in Washington. "It's not the prescription the economy needs right now, and the country can't afford it."

Geithner backs letting tax cuts for wealthiest lapse - Aug. 4, 2010

we're going to listen to a tax cheat explain how the rich won't weasel out of 'their fair share'?

What's the last job you got from someone getting welfare?

Funny...Statists can never answer that question. They defer...Blame/Minimize/Deny/Obfuscate.

Oh, SNAP, I forgot to mention the electric industries that receive those in-kind payments, the oil, gas, and other heating industries that also rely on such, the trucking industry that couldn't survive without products to ship (and wouldn't be deeply cut without food stamps to buy), and every other tax and consumer spending supported by the bureaucrats both large and small who make their living (and pay their many bills that support every other industry imaginable) administering welfare programs.

EITC may not be as politically unpopular as other programs simply because, quiet as its kept, it is also a corporate welfare program. Other aspects of the welfare state also lower expectations on industry to provide for their employees. Social Security supplements company pensions, Medicare lowers expectations of a medical insurance plan connected to those pensions, public schools and colleges train the workforce, workers compensation and unemployment insurance are matched by government funds, and food stamps, Medicaid, and public housing also assist people with low wages, lowering social pressures on industry to pay a living wage.
That means tested cash welfare benefits “generates the greatest controversy and receives the most sustained attention from politicians, the press, and the public,” should come as no great surprise. Every other measurable benefit to the public held within the welfare state also serves to benefit industry, and the most popular are tied directly to past or present employment.

The direct benefit to society AND TO CAPITAL of the safety net programs of the welfare state are never publicized.

When politicians and policy makers discuss the “welfare state” in budget meetings, they include all social spending, including education, which, because of the local nature of most of its funding, mainly benefits the middle classes and the wealthy. The amounts for social spending reached privately by policymakers in budget negotiations publicly implicate poverty-based welfare, as differences in allocation are not disseminated publicly. Other social insurance programs of the welfare state dwarf what little is spent on needs tested programs, and they do not only benefit the poor. They do to a large extent prevent poverty for many, but countless others would not be poor without them.

As a result, not only are the poor who receive welfare blamed for their own condition, but they also foot the public perception bill for the entire welfare state.

 

[Barb]

So you'd prefer that the Top 2% leave the country with their money and we get zero of it and it costs us Trillions?

Why didn't they all leave in 2000 then?

What? If the market tanks, that's one thing. But if government starts confiscating their money, they leave.

Educate yourself.

Maryland's Mobile Millionaires - WSJ.com

oops. Why not do it on a NATIONAL scale! Yeah! What a great idea!

Capital, People, Labor, Resources are all mobile now. Unless you start imprisoning American Citizens and their bank accounts, you will never stop that, and then you might as well start changing the stationary to read "People's Republic of America" because that's what we'll be... another Soviet bloc style country with corrupt oligarchy at the top. An oligarchy, mind you, that you aren't a part of, so get ready to be buttfucked by the party.

Honestly. Is your ass SO loose that you haven't felt it before now?

 

[Barb]

Ahhhh, I wondered if that was what you are alluding to. They don't have to move out of country. Just their assets. And I'm quite sure many/most of the richest people about to get hit by this already have... just like when Carter fucked em last time.

Once again, a good accountant on staff for 50k a year to save millions if not tens of millions in dollars of taxes is a good investment.

Maryland is just an excellent case study of what happens every time this occurs.

Members of the previous administration, most notably our own DICK VP did so DURING the last administration.

 

[acu-man]

I would rather see the entire income tax system abolished (along with the IRS) and the US move to a consumption tax. Then all this BS and arguing could stop and everyone would have to pay their fair share. The income tax should never have existed on a permanent basis. It ensures corruption.

 

[Jarhead]

I would rather see the entire income tax system abolished (along with the IRS) and the US move to a consumption tax. Then all this BS and arguing could stop and everyone would have to pay their fair share. The income tax should never have existed on a permanent basis. It ensures corruption.

My concern is that it will result in even more corruption. Big boys will cut "cash deals" with other big boys and little boys would cut "cash deals" with other little boys.

Flat tax is the best answer in my eyes...and the IRS should be eliminated. No write offs...no confusion, no laws except one...you are to pay x% on your income and this amount must be paid on either a weekly, bi weekly, mothly or quarterly basis.

For llc's and s-corps, whatever is left over at the end of the year is deemed as personal income to the partners and that too is taxed at the same x%.

 

[Mr Natural]

I'd rather see taxes put on a entirely voluntary basis.

You pay what you think is right and fair.

Now that, would be real freedom.

 

[Jarhead]

I'd rather see taxes put on a entirely voluntary basis.

You pay what you think is right and fair.

Now that, would be real freedom.

Kerry, Gheitner, Serbelius(sp.) et al would be a heck of a lot wealthier!

But then again, so would I.

 

[Mr Natural]

I'd rather see taxes put on a entirely voluntary basis.

You pay what you think is right and fair.

Now that, would be real freedom.

Kerry, Gheitner, Serbelius(sp.) et al would be a heck of a lot wealthier!

But then again, so would I.

We'd all be a lot better off without this ridiculous notion of a society hanging over our heads.

 

[Jarhead]

I'd rather see taxes put on a entirely voluntary basis.

You pay what you think is right and fair.

Now that, would be real freedom.

Kerry, Gheitner, Serbelius(sp.) et al would be a heck of a lot wealthier!

But then again, so would I.

We'd all be a lot better off without this ridiculous notion of a society hanging over our heads.

Yeah...but we would all be spending our spare time pumping hydraulic jacks and our spare money buying new tires.

Something tells me you understand what I mean.....something tells me others are saying "huh?"

 

[Big Fitz]

So the top 2% should get tax cuts and cost us 700 Billion?

Fiscal conservatism be damned? lol If you need your opinion on this, I can link you to fox.

Okay... hmmmmmm

Well, we could also always cut all overpayments to the bottom 60% of tax payers who get all their taxes back and THEN some. End the redistribution of wealth. Probably save us more than what you rake in off the rich.

Either way, someone's losing dough. Let's take it from those who don't deserve it. Sound good to you?

Ok...if you want to stick with that...I would rather the middle class get a tax break than the rich.

Oh no... the middle tax still pays their taxes. Every excessive bit that is collected. Your tax burden stays the same... just like the rich. Just the payola to the poor goes away. No more second Christmas in April.

 

[Big Fitz]

Landlords pay their mortgages and taxes from rent subsidies, some whose mortgages are already paid make a tidy profit.

Whoa whoa whoa. Let's back up the truck there, speedy gonzalez. You don't get to move the goal posts here. Land owners aren't poor. Government isn't poor. You don't get to pretend a collective is a poor person. Invalid argument.

I want to know when the last time YOU were hired by a POOR person... singular? You know, one who needs gubmint assistance to make ends meet? From his payroll to your pocket with a W-2 or 1099 form.

 

[Big Fitz]

we're going to listen to a tax cheat explain how the rich won't weasel out of 'their fair share'?

What's the last job you got from someone getting welfare?

Funny...Statists can never answer that question. They defer...Blame/Minimize/Deny/Obfuscate.

Oh, SNAP, I forgot to mention the electric industries that receive those in-kind payments, the oil, gas, and other heating industries that also rely on such, the trucking industry that couldn't survive without products to ship (and wouldn't be deeply cut without food stamps to buy), and every other tax and consumer spending supported by the bureaucrats both large and small who make their living (and pay their many bills that support every other industry imaginable) administering welfare programs.

EITC may not be as politically unpopular as other programs simply because, quiet as its kept, it is also a corporate welfare program. Other aspects of the welfare state also lower expectations on industry to provide for their employees. Social Security supplements company pensions, Medicare lowers expectations of a medical insurance plan connected to those pensions, public schools and colleges train the workforce, workers compensation and unemployment insurance are matched by government funds, and food stamps, Medicaid, and public housing also assist people with low wages, lowering social pressures on industry to pay a living wage.
That means tested cash welfare benefits “generates the greatest controversy and receives the most sustained attention from politicians, the press, and the public,” should come as no great surprise. Every other measurable benefit to the public held within the welfare state also serves to benefit industry, and the most popular are tied directly to past or present employment.

The direct benefit to society AND TO CAPITAL of the safety net programs of the welfare state are never publicized.

When politicians and policy makers discuss the “welfare state” in budget meetings, they include all social spending, including education, which, because of the local nature of most of its funding, mainly benefits the middle classes and the wealthy. The amounts for social spending reached privately by policymakers in budget negotiations publicly implicate poverty-based welfare, as differences in allocation are not disseminated publicly. Other social insurance programs of the welfare state dwarf what little is spent on needs tested programs, and they do not only benefit the poor. They do to a large extent prevent poverty for many, but countless others would not be poor without them.

As a result, not only are the poor who receive welfare blamed for their own condition, but they also foot the public perception bill for the entire welfare state.

Buzzz... wrong answer to a question not asked. Obfuscate, deny, hide.

 

[Big Fitz]

Ahhhh, I wondered if that was what you are alluding to. They don't have to move out of country. Just their assets. And I'm quite sure many/most of the richest people about to get hit by this already have... just like when Carter fucked em last time.

Once again, a good accountant on staff for 50k a year to save millions if not tens of millions in dollars of taxes is a good investment.

Maryland is just an excellent case study of what happens every time this occurs.

Members of the previous administration, most notably our own DICK VP did so DURING the last administration.

mmmmm more Cheney Derangement Syndrome. Yes... let's keep blaming those not responsible and bring up red herrings.

 

[Barb]

Landlords pay their mortgages and taxes from rent subsidies, some whose mortgages are already paid make a tidy profit.

Whoa whoa whoa. Let's back up the truck there, speedy gonzalez. You don't get to move the goal posts here. Land owners aren't poor. Government isn't poor. You don't get to pretend a collective is a poor person. Invalid argument.

I want to know when the last time YOU were hired by a POOR person... singular? You know, one who needs gubmint assistance to make ends meet? From his payroll to your pocket with a W-2 or 1099 form.

It is absolutely NOT an invalid argument! That money circulates through and provides valuable support for all the sectors of the economy I mentioned. YOU don't get to set the goal posts!

 

[Barb]

Funny...Statists can never answer that question. They defer...Blame/Minimize/Deny/Obfuscate.

Oh, SNAP, I forgot to mention the electric industries that receive those in-kind payments, the oil, gas, and other heating industries that also rely on such, the trucking industry that couldn't survive without products to ship (and wouldn't be deeply cut without food stamps to buy), and every other tax and consumer spending supported by the bureaucrats both large and small who make their living (and pay their many bills that support every other industry imaginable) administering welfare programs.

EITC may not be as politically unpopular as other programs simply because, quiet as its kept, it is also a corporate welfare program. Other aspects of the welfare state also lower expectations on industry to provide for their employees. Social Security supplements company pensions, Medicare lowers expectations of a medical insurance plan connected to those pensions, public schools and colleges train the workforce, workers compensation and unemployment insurance are matched by government funds, and food stamps, Medicaid, and public housing also assist people with low wages, lowering social pressures on industry to pay a living wage.
That means tested cash welfare benefits “generates the greatest controversy and receives the most sustained attention from politicians, the press, and the public,” should come as no great surprise. Every other measurable benefit to the public held within the welfare state also serves to benefit industry, and the most popular are tied directly to past or present employment.

The direct benefit to society AND TO CAPITAL of the safety net programs of the welfare state are never publicized.

When politicians and policy makers discuss the “welfare state” in budget meetings, they include all social spending, including education, which, because of the local nature of most of its funding, mainly benefits the middle classes and the wealthy. The amounts for social spending reached privately by policymakers in budget negotiations publicly implicate poverty-based welfare, as differences in allocation are not disseminated publicly. Other social insurance programs of the welfare state dwarf what little is spent on needs tested programs, and they do not only benefit the poor. They do to a large extent prevent poverty for many, but countless others would not be poor without them.

As a result, not only are the poor who receive welfare blamed for their own condition, but they also foot the public perception bill for the entire welfare state.

Buzzz... wrong answer to a question not asked. Obfuscate, deny, hide.

Sweetness, you are not the master of ceremonies here. My argument may not SUPPORT your own, but it is valid nevertheless.
Nobody gave you a buzzer, buzzer.

 

[Big Fitz]

Landlords pay their mortgages and taxes from rent subsidies, some whose mortgages are already paid make a tidy profit.

Whoa whoa whoa. Let's back up the truck there, speedy gonzalez. You don't get to move the goal posts here. Land owners aren't poor. Government isn't poor. You don't get to pretend a collective is a poor person. Invalid argument.

I want to know when the last time YOU were hired by a POOR person... singular? You know, one who needs gubmint assistance to make ends meet? From his payroll to your pocket with a W-2 or 1099 form.

It is absolutely NOT an invalid argument! That money circulates through and provides valuable support for all the sectors of the economy I mentioned. YOU don't get to set the goal posts!

Excuse me? I asked the ******* question, I get to set the ******* goal posts for what an answer is. You don't get to dance around the issue if you want to answer my question!

if the question is : 2+2= ?

You don't get to go on to a treatise of why addition is evil and discriminatory and how there are many other ways to reach an answer without adding only two numbers of similar value. That doesn't answer the ******* question! What's next? Stating that 2+2 is racist??

Now butch up and answer it or slink away like the exposed commie you're acting like.

 

[Big Fitz]

Sweetness, you are not the master of ceremonies here. My argument may not SUPPORT your own, but it is valid nevertheless.
Nobody gave you a buzzer, buzzer.

You're pumping pablum to someone who has a low bullshit tolerance. The issue was poor people hiring others. You want to play semantic games and bemoan the nature of capitalism by citing 'proofs of socialism's success' when really, it still can be done better by the private sector every single time.

If you want to make such an argument, fine. But let's not expect others who are a tad more aware of what's going on to play patty cake with you.

And spare me your condescending names, princess.

 

[PLYMCO_PILGRIM]

Raise taxes on the rich and cut spending.

Let's start with the defense department.

Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.

National Taxpayers Union - History of Federal Individual Income Bottom and Top Bracket Rates