2/3 of Americans want repeal of Bush tax cuts

And how does capital gains tax cuts figure in there?

Imho capital gains should be taxed at about 50% for those held less than 6 months.
30% for those held a year and graduated down to 0% for those held 20 years.

Support investment not vegas style gambling.

You want to keep the government out of the bedroom, and rightfully so, but you also want the government to meddle in nearly every aspect of our financial lives. That's what I don't get about modern liberalism. You guys know very little about freedom.
 
I don't believe the taxation levels on capital gains are high enough for the "Laffer curve" effect to come into place. Capital gains should simply be taxed as normal income.
 
I don't believe the taxation levels on capital gains are high enough for the "Laffer curve" effect to come into place. Capital gains should simply be taxed as normal income.

At what point would the "stay out of my fucking wallet" effect come into place?
 
Tabasco tool
thAt was funny smoke and mirrors. How about show t in dollars paid for the typical payer in each bracket. The higher bracket made out like bandits.
You want it by tax brackets?

How's this: a comparison of 2000 tax burden (before Bush's cuts) and 2004 (after the cuts), based on standard deductions.

Single person making $45,000:
2000 - paid $7459 2004 - paid $6116

That is $1343 less taxes. Or an 18% decrease


Single person making $90,000:
2000 - paid $20341 2004 - paid $17769

That is $2572 less taxes. Or a 12.6% decrease


Single person making $135,000:
2000 - paid $34,299 2004 - paid $30,362

That is $3937 less taxes. Or an 11.5% decrease.


Married Couple making $45,000:
2000 - paid $4804 2004 - paid $3714

That is $1090 less taxes. Or a 22.6% decrease.


Married Couple making $90,000:
2000 - paid $15,867 2004 - paid $12,226

That is $3641 less taxes. Or a 22.9% reduction.


Married Couple making $135,000:
2000 - paid $28,957 2004 - paid $23,613

That is $5344 less taxes. Or an 18.5% reduction.


Family of Four making $45,000:
2000 - paid $2964 2004 - paid $799

That is $2165 less taxes. Or, a 73%(!!) reduction.


Family of Four making $90,000:
2000 - paid $13,299 2004 - paid $8701

That is $4598 less taxes. Or a 34.6% reduction.


Family of Four making $135,000:
2000 - paid $27,221 2004 - paid $21,195

That is $6026 less taxes. Or a 22.1% reduction.


Can you show a similar reduction in upper income brackets? The upper brackets got less than 5% reduction it their federal tax burden. The fact that some of the wealthiest measured their tax breaks in 6 figures is an emo argument. The fact that they paid 7 figures in the first place (or a 5% reduction would not result in 6 figures) is somehow left out of that emo argument. I wonder why?

The reason certain (biased) polls can show so many people in favor of repealing the tax cuts is because emo fucking retard assholes as yourself LIE to them about what the tax cuts actually mean.
 
It's retarded to believe people should keep more of the money they make? Interesting perspective though unfortunately too common.

Yes, it is. The government needs taxes to operate, it's that simple. The idea that tax-cuts are the solution to our problems didn't work over the last eight years. I'm sure the people with over $250,000 a year in household income won't be hurting too badly if they have to pay a little more in taxes.
 
Yes, it is. The government needs taxes to operate, it's that simple. The idea that tax-cuts are the solution to our problems didn't work over the last eight years. I'm sure the people with over $250,000 a year in household income won't be hurting too badly if they have to pay a little more in taxes.

The last government budget was $3.6 trillion. I don't think the government is starving for money. How about demand that politicians spend our tax dollars wisely instead of reckless spending they do now and then tell the public we need to raise taxes?

So you believe our economic problems now are due to the fact that taxes were too low? If we tax individuals and businesses more its going to help grow the economy?
 
The last government budget was $3.6 trillion. I don't think the government is starving for money. How about demand that politicians spend our tax dollars wisely instead of reckless spending they do now and then tell the public we need to raise taxes?

So you believe our economic problems now are due to the fact that taxes were too low? If we tax individuals and businesses more its going to help grow the economy?

The government is the largest single entity in our economy, so having a "budget" doesn't of $3.6 trillion doesn't mean anything considering it's still operating in the red. A wise decision might have been to not invade a country, fuck it up, and spend billions of dollars doing it. Of course, we can't revisit those decisions so instead the upper 1% can help pay for it. I'm sure they'll get by just fine.
 
The government is the largest single entity in our economy, so having a "budget" doesn't of $3.6 trillion doesn't mean anything considering it's still operating in the red. A wise decision might have been to not invade a country, fuck it up, and spend billions of dollars doing it. Of course, we can't revisit those decisions so instead the upper 1% can help pay for it. I'm sure they'll get by just fine.

Well it seems government waste doesn't matter much unless it is on a war. I come from the school that individuals can spend their own money better than the government can but that's just me. Of course small businesses also reside in that top 1% but they can afford higher taxes.

If lower taxes caused us to be in our current predicament what is your prognosis for the economy with higher taxes on individuals and businesses?
 
Well it seems government waste doesn't matter much unless it is on a war. I come from the school that individuals can spend their own money better than the government can but that's just me. Of course small businesses also reside in that top 1% but they can afford higher taxes.

If lower taxes caused us to be in our current predicament what is your prognosis for the economy with higher taxes on individuals and businesses?

I'm sure you think you can but that really has nothing to do with taxation. Small businesses for the most part do not fall in the top 1%, so please set that tired argument aside (we heard that bullshit all last year). Higher taxes put a down payment on a new healthcare system and provide capital that the market needs right now. So yes, the top 1% will have to cope. Or we will put them in camps.
 
http://www.talkleft.com/story/2009/3/5/16718/79446

Fox News Poll: 2/3 Of Americans Want Repeal Of Bush Tax Cuts
By Big Tent Democrat, Section Economy


To: Evan Bayh

From: American People

Re: Repealing Bush Tax Cuts

Do you support or oppose raising taxes on households earning over $250,000 a year and, at the same time, lowering taxes for most other households?

Support 66
Oppose 33

Speaking for me only

Nothing like playing the class warfare game now is there?

That is all they did here.

Bet they only called low income neighborhoods too.

Yes, it is. The government needs taxes to operate, it's that simple. The idea that tax-cuts are the solution to our problems didn't work over the last eight years. I'm sure the people with over $250,000 a year in household income won't be hurting too badly if they have to pay a little more in taxes.

I can agree with some of what you say. Tax cuts are not the only way to go about solving our problems. Spending cuts would help a lot as well. And increasing revenue is another good option.

Personally, I'd rather see increased taxes even on the middle class (I'd be considered lower middle class) and lower spending rather than the government telling us they are going put it all on the shoulders of those evil rich people excluding politicians that is. I benefit immensely from these United States and am not in the least opposed to paying for those benefits.

Imme
 
Have you considered the possibility that little fact is one of the biggest parts of the overall problem?

Yes, my first suggestion is to dramatically cut military spending because it's the bulk of the federal budget. It's probably better for the economy that we built roads and bridges here than blow them up somewhere else.
 
Well it seems government waste doesn't matter much unless it is on a war. I come from the school that individuals can spend their own money better than the government can but that's just me.

There are some things that only society acting together can do efficiently or well. Your argument proves too much - if people always do better individually than when the government taxes and spends it on collective projects like roads, healthcare, science funding, and poverty elimination then logically you should remove all taxation. But clearly that isn't an ideal situation, because you have nothing but anarchy and chaos. So your logic rings hollow.

Of course small businesses also reside in that top 1% but they can afford higher taxes.

Really? Yeah, there are all kinds of small businesses that make a net profit of 250k a year.

If lower taxes caused us to be in our current predicament what is your prognosis for the economy with higher taxes on individuals and businesses?

Low taxes did not "cause" this situation. What caused it was rabid laissez-faire economics. I don't think the lower taxes made it any less likely, however, and they were cut in the middle of a boom - it was completely unnecessary, and just makes our current task of getting out of this recession even harder. You NEVER cut taxes in the middle of a boom unless you're headed for surplus - that is utterly retarded.
 
I'm sure you think you can but that really has nothing to do with taxation. Small businesses for the most part do not fall in the top 1%, so please set that tired argument aside (we heard that bullshit all last year). Higher taxes put a down payment on a new healthcare system and provide capital that the market needs right now. So yes, the top 1% will have to cope. Or we will put them in camps.

Actually it has everything to do with taxation and the amount the government should take from those who earn it. I'm sorry you're tired of hearing that small businesses fall into the top 1% but they do. Now the majority don't but why punish those that are able to grow?
 
There are some things that only society acting together can do efficiently or well. Your argument proves too much - if people always do better individually than when the government taxes and spends it on collective projects like roads, healthcare, science funding, and poverty elimination then logically you should remove all taxation. But clearly that isn't an ideal situation, because you have nothing but anarchy and chaos. So your logic rings hollow.



Really? Yeah, there are all kinds of small businesses that make a net profit of 250k a year.



Low taxes did not "cause" this situation. What caused it was rabid laissez-faire economics. I don't think the lower taxes made it any less likely, however, and they were cut in the middle of a boom - it was completely unnecessary, and just makes our current task of getting out of this recession even harder. You NEVER cut taxes in the middle of a boom unless you're headed for surplus - that is utterly retarded.

Joe the plumber made 250k a year in net profit.
 
Actually it has everything to do with taxation and the amount the government should take from those who earn it. I'm sorry you're tired of hearing that small businesses fall into the top 1% but they do. Now the majority don't but why punish those that are able to grow?

Prove it. Show me how "small businesses" mostly fall in the top 1%. The idea that taxes prevent you from growing is retarded. Have you actually read any income statements before?
 
There are some things that only society acting together can do efficiently or well. Your argument proves too much - if people always do better individually than when the government taxes and spends it on collective projects like roads, healthcare, science funding, and poverty elimination then logically you should remove all taxation. But clearly that isn't an ideal situation, because you have nothing but anarchy and chaos. So your logic rings hollow.

No ones calling for anarchy troll boy. We need a government. We need to pay taxes. However we are nowhere near paying zero taxes today. Besides just state and federal income taxes how many taxes are out there that we pay? The list is endless. So the idea that wanting to lower these burdens is equal to wanting to pay no taxes is hollow.
 
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