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Bush's Tax Cuts- For all here that worry about the uber rich.
drywalldog Offline
#1 Posted:
Joined: 06-19-2007
Posts: 5,536
Here is a interesting perspective-read on the working class or poor, and the uber rich.http://financial.businessinsider.com/siliconalleymedia.clusterstock/action/linkout?URL=http%3A%2F%2Fwww.businessinsider.com%2Ffacts-about-inequality-in-america-2011-11&Title=15+Mind-Blowing+Facts+About+Wealth+And+Inequality+In+AmericaThink d'oh!
DrMaddVibe Offline
#2 Posted:
Joined: 10-21-2000
Posts: 55,431
So...those Clinton years weren't so good after all?
jackconrad Offline
#3 Posted:
Joined: 06-09-2003
Posts: 67,461
When you raise taxes you raise the businesses cost which they then turn into price increases which then eventually leads to consumer demand rejecting those prices and eventually not buying the products which then leads to layoffs which increases unemployment and then less tax revenues which lead to even bigger deficits and finally a total economic collapse..
drywalldog Offline
#4 Posted:
Joined: 06-19-2007
Posts: 5,536
Reeeeeeeeeaaaaalllly Jack, you sure you wanna go that direction. I guess you didn't realize all those rich people had tax breaks during the Bush Administration. Guess that didn't lead to an economic meltdown. Look at the charts, you will see what it has cost the middle and lower classes. Give the rich their tax breaks again, and all they will do is keep them in the bank. The same way that bailing out the banks just led to them holding on to the bailout money.
Dr. Maddvibbe- if you look at the chart, you will see, it did come up for lower and middle classes under Clinton. Then started to drop off under Bush.
donutboy2000 Offline
#5 Posted:
Joined: 11-20-2001
Posts: 25,000
Comrade,

It's Econ 101. Get yourself some book learning.

You still out of work and living on the dole?
borndead1 Offline
#6 Posted:
Joined: 11-07-2006
Posts: 5,216
Raising taxes on the rich used to work...until we struck free trade agreements with a bunch of 3rd world countries.
ZRX1200 Offline
#7 Posted:
Joined: 07-08-2007
Posts: 60,606
^ yup.

NAFTA = globalist lovechild.
wheelrite Offline
#8 Posted:
Joined: 11-01-2006
Posts: 50,119

The only people who are under taxed are people that reside in the bottom half of the income brackets.If you live here you should pay some sort of income tax.The only exception is for those that are truely poor.
If that would happen I would'nt have to pay as much as I do...
DadZilla3 Offline
#9 Posted:
Joined: 01-17-2009
Posts: 4,633
All the more reason to do away with the Marxist progressive income taxes completely at the federal, state, and local level. There are far too many loopholes and exemptions. Instead institute a national sales tax rate of say, 15% including corporations and private businesses.

No exceptions, no exemptions. The states get their share of the tax collected by the federal government based on the legal population at census time. Every time someone buys a new item, they pay their fair share. So when the ee-vil rich buy expensive things they automatically pay more tax. When the long suffering downtrodden and oppressed starving poor buy their pitiful cheap things, they pay less tax.

Everybody pays according to how much they spend. However, this plan takes a great deal of power away from lawmakers and it's way too equitable, so it'll probably never happen.
ZRX1200 Offline
#10 Posted:
Joined: 07-08-2007
Posts: 60,606
^ WAAAAY to simple.

Even Charlie Rangle could figure those taxes out.
Kawak Offline
#11 Posted:
Joined: 11-26-2007
Posts: 4,025
Puppy is counting on those tax increases ya'll. If he plans to live the rickamaven dream he is going to need them.
drywalldog Offline
#12 Posted:
Joined: 06-19-2007
Posts: 5,536
Huck, do a little investigation, before you make yourself look like a fool, oops, too late.
drywalldog Offline
#13 Posted:
Joined: 06-19-2007
Posts: 5,536
Dadzilla- why is it that your system will never be put into practice in the USA?
borndead1 Offline
#14 Posted:
Joined: 11-07-2006
Posts: 5,216
National sales tax would be simple and everyone would be treated equally. We could eliminate the IRS. The size, power, and influence of government could be greatly reduced. For those reasons, it will never happen.
ZRX1200 Offline
#15 Posted:
Joined: 07-08-2007
Posts: 60,606
^ the voice of reason again....raining on my parade.
DadZilla3 Offline
#16 Posted:
Joined: 01-17-2009
Posts: 4,633
drywalldog wrote:
Dadzilla- why is it that your system will never be put into practice in the USA?


The complex progressive income tax system we now enjoy is by and large a construct of our legislators; by tweaking the tax code they are able to reward major supporters and various special interest groups. Not many legislators would vote to restrict or eliminate that ability.
drywalldog Offline
#17 Posted:
Joined: 06-19-2007
Posts: 5,536
I don't know, I think the rich would have the most to lose with your tax system, they couldn't get around paying taxes. Can you imagine the sales tax on a luxury car or boat. At 10% it would be more than anyone in the lower class earns all year.
ZRX1200 Offline
#18 Posted:
Joined: 07-08-2007
Posts: 60,606
^ kinda like buying a car in Europe....don't you like their soft tyrranical socialism?
donutboy2000 Offline
#19 Posted:
Joined: 11-20-2001
Posts: 25,000
47% of the population pays NO income tax.

A regressive federal sales tax will never pass. Too many democrat voters would get hurt.
jpotts Offline
#20 Posted:
Joined: 06-14-2006
Posts: 28,811
drywalldog wrote:
Reeeeeeeeeaaaaalllly Jack, you sure you wanna go that direction. I guess you didn't realize all those rich people had tax breaks during the Bush Administration. Guess that didn't lead to an economic meltdown.


No, actually, it didn't. No one denies that giving loans out to people who couldn't pay them back was THE root cause for the recent economic "meltdown." It was facilitated by government via Fannie Mae and Freddie Mac. Period. Tax braks to the rich had nothing to do with it.

You are either a complete idiot to make such a connection, or a willing lackey (or undoubtedly both).

drywalldog wrote:
Dr. Maddvibbe- if you look at the chart, you will see, it did come up for lower and middle classes under Clinton. Then started to drop off under Bush.


It started to drop off mainly because we had a huge influx of illegals flooding over the border, working for next to nothing, and being subsidized by the federal government. With kind of competition, of course wages are going to come down, you frickin' moron.

And now the unions are looking to make those illegal immigrant slave laborers into new union "brothers" after they put so many of your beloved union henchmen...er..."workers" out of work. And guys like you will cheer the move.

It is little wonder you're barely making it in the drywall business...
DadZilla3 Offline
#21 Posted:
Joined: 01-17-2009
Posts: 4,633
drywalldog wrote:
I don't know, I think the rich would have the most to lose with your tax system, they couldn't get around paying taxes. Can you imagine the sales tax on a luxury car or boat. At 10% it would be more than anyone in the lower class earns all year.

I've never bought into the class warfare thing. The way I see it everyone would make out under a flat national sales tax system. Everyone that is, but the legislators who are able to manipulate the tax code in order to pander to their various special interests.

I like a flat national sales tax most because no matter how you make your money, you're gonna pay your taxes. No more shelters, write-offs, or tax dodges. And even if you make your money turning tricks or selling crack, you're eventually gonna have to buy something and thereby pay your taxes.

In order to spare our oppressed starving downtrodden exploited poor in America, we can make food exempt from the national sales tax although from the looks of the folks over at the local projects, living generation to generation on Welfare ain't too bad a gig.

gringococolo Offline
#22 Posted:
Joined: 02-04-2006
Posts: 4,626
Flat consumption tax would (or could) be closer to 20%. Add that to your local sales tax and you could be paying %30 in some areas. I like the idea, but implementation is a problem also.


When I add up all the sales and federal taxes I pay under the current system, it is not 20% of my income. I also save close to 20% of my income.

Example 100k income, which 50% in consumable (flat tax goods). 20% of 50k = 10K in taxes. That is less than a person that makes 100k a year pays right now. I don't see the math at 15% flat tax working.

But I am not an economist.

I do like the idea of everyone paying a fair share (equal percentage).
dpnewell Offline
#23 Posted:
Joined: 03-16-2009
Posts: 7,491
^gringoco,
A flat sales tax would work, and here's why. My daughter and SIL have 7 kids. Under last year's tax code, they would have to have an income of over $65k before they paid a penny in Federal Income Tax. Since my SIL made under $30k last year, not only did he get every penny of withholding back, but an additional child care/earned income credit of just over $8k. Times that by millions of folk who not only don't pay a penny in FIT, but get thousands of other folk's tax dollars given to them. If the working poor where not given these billions of dollars in handouts each year, we could balance the budget without any tax increases. A flat sales tax in the 15% range would also work, once the handouts are stopped, but it would devastate the working poor (like me, lol).
Stinkdyr Offline
#24 Posted:
Joined: 06-16-2009
Posts: 9,948
End welfare breeding.

You will be amazed at how many of our country's ills that will cure.

Pray
dsmokers Offline
#25 Posted:
Joined: 11-22-2010
Posts: 569
How much do you guys get paid to waste time trying to sort out the country's economic problems? Hug your kids instead. It's free and fun.
borndead1 Offline
#26 Posted:
Joined: 11-07-2006
Posts: 5,216
dsmokers wrote:
How much do you guys get paid to waste time trying to sort out the country's economic problems? Hug your kids instead. It's free and fun.


I don't have any kids. So I will argue politics with these asshats instead.

The thing with creating any real change is that not enough people are willing to harrass their representatives into actually CHANGING anything. If a couple of dozen of us posters called our representatives and voiced our desire for a flat sales tax, cutting welfare, whatever, we would get brushed off. But if a few hundred thousand people did it, they might actually listen.
DadZilla3 Offline
#27 Posted:
Joined: 01-17-2009
Posts: 4,633
borndead1 wrote:
I don't have any kids. So I will argue politics with these asshats instead.

The thing with creating any real change is that not enough people are willing to harrass their representatives into actually CHANGING anything. If a couple of dozen of us posters called our representatives and voiced our desire for a flat sales tax, cutting welfare, whatever, we would get brushed off. But if a few hundred thousand people did it, they might actually listen.


You're exactly right. Except for the asshats part. But I digress.

The fact that we're all here arguing our viewpoints and expressing our opinions about some important issues shows that we are indeed paying attention, and thinking things through instead of believing every line of bullsh*t pablum that the government and mass media channels ladles out. That is step one. Step two is very important...call, write, email, or visit in person your representatives starting with the local commissioners or what have you.

Unless they hear from us, they'll assume they're doing the right thing. Which in my opinion at least, they mostly aren't.
dsmokers Offline
#28 Posted:
Joined: 11-22-2010
Posts: 569
I agree, we should all get together and march down to the....hey look, there's a bright shiny thing on tv!
jpotts Offline
#29 Posted:
Joined: 06-14-2006
Posts: 28,811
dsmokers wrote:
I agree, we should all get together and march down to the....hey look, there's a bright shiny thing on tv!


It must be that amorphous Fox News bling, of which you are so fond.
jpotts Offline
#30 Posted:
Joined: 06-14-2006
Posts: 28,811
borndead1 wrote:
I don't have any kids. So I will argue politics with these asshats instead.

The thing with creating any real change is that not enough people are willing to harrass their representatives into actually CHANGING anything. If a couple of dozen of us posters called our representatives and voiced our desire for a flat sales tax, cutting welfare, whatever, we would get brushed off. But if a few hundred thousand people did it, they might actually listen.



A few hundred thousand went absoluetly apesh*t over health care "reform," and it got passed anyways.

A few hundred thousand went absoluetly apesh*t over amnesty for illegal aliens yet, and that has yet to have a stake driven through its heart.

A few hundred thousand went absoluetly apesh*t over out-of-control government spending (which, make no mistake, 2008's Democrat turnover was about deficit spending), and they keep spending like drunken sailors.

Pardon me if I'm a tad pessimistic about what it takes to get elected representitives to listen. My opinion is that until you start physically throwing out the members of Congress that have more than two terms under their belt (regardless of party affiliation), you're going to get a legislature that is controlled by ensconced interests whose main ideology is the historical failure known as Socialism.

borndead1 Offline
#31 Posted:
Joined: 11-07-2006
Posts: 5,216
I shoulda been more clear. I meant a couple of hundred thousand PER STATE...imagine Pelosi getting 1,000 letters a day for weeks on end...imagine if 100,000 of us here in MI all sent letters (via UPS) on the same day...but then again you are right, Potts. Pelosi did get re-elected. Fraud? Or are people really that stupid...I will continue to vote 3rd party even though it seems pointless. But I try to think of it as planting a seed and hoping that it sprouts.
donutboy2000 Offline
#32 Posted:
Joined: 11-20-2001
Posts: 25,000
jpotts 1,468

drywalldog 0
tailgater Offline
#33 Posted:
Joined: 06-01-2000
Posts: 26,185
dsmokers wrote:
I agree, we should all get together and march down to the....hey look, there's a bright shiny thing on tv!



Now THAT'S a funny post!
tailgater Offline
#34 Posted:
Joined: 06-01-2000
Posts: 26,185
And guys, please, please, please, PLEASE:

NEVER speak of ideas such as a federal sales tax.
Those in Washington may like the idea.

And then institute it IN ADDITION to our current taxes.


DadZilla3 Offline
#35 Posted:
Joined: 01-17-2009
Posts: 4,633
dsmokers wrote:
I agree, we should all get together and march down to the....hey look, there's a bright shiny thing on tv!


That happens no doubt, but not nearly as much as 'I agree we should all get together and march down to the city hall today but I've got to get to work'...
dsmokers Offline
#36 Posted:
Joined: 11-22-2010
Posts: 569
Funny how that work thing always seems to get in the way of change. Technology has created longer days for most of us, and now, like most of the world that is owned by the large corporations, our people, like many much less advanced country's peoples are working harder and harder for less and less. Less pay, benefits, travel perks, whatever. Just harder and harder trying to buy buy buy. Consumers thinking they can buy themselves into happiness. After all, everyone on the tv commercials seems to be having so much fun with the fancy stuff they just bought.

Meanwhile half of US housewives watch a show called Desperate Housewives.
daveincincy Offline
#37 Posted:
Joined: 08-11-2006
Posts: 20,033
dsmokers wrote:
Funny how that work thing always seems to get in the way of change. Technology has created longer days for most of us, and now, like most of the world that is owned by the large corporations, our people, like many much less advanced country's peoples are working harder and harder for less and less. Less pay, benefits, travel perks, whatever. Just harder and harder trying to buy buy buy. Consumers thinking they can buy themselves into happiness. After all, everyone on the tv commercials seems to be having so much fun with the fancy stuff they just bought.


CHASE what matters...


Drywalldog, you should seriously consider something else to exhaust your thoughts on rather than the rich people you despise. All that hate is going to eat you up.
uncleb Offline
#38 Posted:
Joined: 11-13-2002
Posts: 1,326
JPOTTS is an IDIOT
donutboy2000 Offline
#39 Posted:
Joined: 11-20-2001
Posts: 25,000
uncleb wrote:
JPOTTS is an IDIOT



12. Author: pacman357 Date: 09/11/2009  03:06 AM Reply   
It is the folly of the weak-minded, when attempting to engage in debate he would have us believe is somehow intelligent, rational and logic, to simply fall back on name calling, without respect to whether there is any sense at all in trying to label another person. As though applying a moniker on someone else makes it so.

Name-calling has failed to be persuasive as a recognized debate ever since "I’m rubber, and you’re glue" was first coined. It is childishness and idiocy, attempting to masquerade as fact and reason.

donutboy2000 Offline
#40 Posted:
Joined: 11-20-2001
Posts: 25,000
daveincincy wrote:
CHASE what matters...


Drywalldog, you should seriously consider something else to exhaust your thoughts on rather than the rich people you despise. All that hate is going to eat you up.



Just look what it did to rick !
wheelrite Offline
#41 Posted:
Joined: 11-01-2006
Posts: 50,119
rich people rock...

who wants to hang out with poor people ?

not me...


wheel,,,
uncleb Offline
#42 Posted:
Joined: 11-13-2002
Posts: 1,326
donutboy2000 wrote:
12. Author: pacman357 Date: 09/11/2009  03:06 AM Reply   
It is the folly of the weak-minded, when attempting to engage in debate he would have us believe is somehow intelligent, rational and logic, to simply fall back on name calling, without respect to whether there is any sense at all in trying to label another person. As though applying a moniker on someone else makes it so.

Name-calling has failed to be persuasive as a recognized debate ever since "I’m rubber, and you’re glue" was first coined. It is childishness and idiocy, attempting to masquerade as fact and reason.




You get what you give:

"You are either a complete idiot to make such a connection, or a willing lackey (or undoubtedly both)."
"With kind of competition, of course wages are going to come down, you frickin' moron."
"So, until Democrat-boot-licking morons like you, drywalldog..."

JPOTTS is an IDIOT
DrMaddVibe Offline
#43 Posted:
Joined: 10-21-2000
Posts: 55,431
dsmokers wrote:
Funny how that work thing always seems to get in the way of change.


Its made even worse when people are working greedily to outsource jobs.
HockeyDad Offline
#44 Posted:
Joined: 09-20-2000
Posts: 46,134
DrMaddVibe wrote:
Its made even worse when people are working greedily to outsource jobs.



Huh what? Don't make me send my security detail after you!

(Greetings from Eastern Europe, at an undisclosed location behind the Iron Curtain.)

DadZilla3 Offline
#45 Posted:
Joined: 01-17-2009
Posts: 4,633
wheelrite wrote:
rich people rock...

who wants to hang out with poor people ?


Yeah but poor people do such a great job cleaning the swimming pool and maintaining the grounds though...
daveincincy Offline
#46 Posted:
Joined: 08-11-2006
Posts: 20,033
DadZilla3 wrote:
Yeah but poor people do such a great job cleaning the swimming pool and maintaining the grounds though...


The "poor" who clean the swimming pool, maintain the grounds, wait on tables at restaurants, cater parties, etc etc wouldn't have a job if it weren't for the "rich" that don't want to clean their pool, cut their grass, eat at home, etc etc etc.

So while Drywalldog is wallowing in self-pity and bitterness, he should consider that before he thinks the "rich" just take their money and stick it in a mattress and hoard it. Anyone here ever work for a company/business owned by a poor person? I'm not saying that every business owner is rich, but I was just wondering if it was the poor or the rich that created jobs.
DadZilla3 Offline
#47 Posted:
Joined: 01-17-2009
Posts: 4,633
daveincincy wrote:
I'm not saying that every business owner is rich, but I was just wondering if it was the poor or the rich that created jobs.


The poor create a lot of jobs...mainly overpaid government bureaucrats whose job it is to manage poverty by redistributing wealth.
dsmokers Offline
#48 Posted:
Joined: 11-22-2010
Posts: 569
A couple of real economic geniuses I tell you.
HockeyDad Offline
#49 Posted:
Joined: 09-20-2000
Posts: 46,134
It is the responsibility of the rich and middle class to take care of the poor. Government is merely the tool to do it. As the income gap between rich and poor grows, the probability that the rich will be killed and eaten exponentially grows. The poor need to be kept fat, drunk and stupid. The middle class does feel the pinch of this cost more than the rich but they must always be convinced that the fate of the middle class is better tied with the rich than tied with the poor.

It does not natter why the poor are poor...lack of jobs, education, laziness, whatever. If motivated to kill and eat the rich, they would become a powerful threat.
dsmokers Offline
#50 Posted:
Joined: 11-22-2010
Posts: 569
so are you saying that this capitalism thing is a failed model that even on paper is intended to eventually destroy the USA, and will?

Who do you think will get eaten first?
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