Originally posted by The17sss
Obama's policies will depress investment in businesses and innovation, and the creation of new jobs if he's saying once you get to that $250K plateau, your tax burden will increase even more; where's the incentive if you're success is going to be punished by "spreading the wealth around"? I don't know about you, but I don't know anybody who ever got a job from a poor person.
No they won't. Look at history. Clinton presided over one of the best boom economies we've ever had and Obama's tax rates for high income earners would match Clinton's. Additionally, the wealthy pay a less % of their income in taxes than a middle income earner. You know, there's something called fairness, and right now, the high income earners have NOTHING to complain about. They won't be taxed into poverty. They will just have to pay their fair share.
Watch this....
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Oct-26-2008 00:42
Lebezniatnikov
Stupidity Annoys Me
Registered: Feb 2004
Location: DC
I'm already looking forward to the next Republican excuse for this one:
quote:
I've considered myself less of a partisan than an ideologue. I cared about conservative principles, and still do, instead of caring about the GOP.
Granted, McCain's views are closer to mine than Obama's. But I've learned over this Bush era to value competence along with ideology. Otherwise, our ideology gets discredited, as it has so disastrously over the past eight years.
Registered: Jun 2004
Location: San Antonio, US : TXTA #156
quote:
Originally posted by Lebezniatnikov
Ask Adam Smith:
"The necessaries of life occasion the great expense of the poor. . . . The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. . . . It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."
Just burned the fuck out of everyone who thinks progressive taxes and redistribution of wealth is 'socialist' when it in fact is central to a capitalist society. I might have to sig that shit.
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I've never been able to eat a whole baby.
Kill the women. Eat the children.
It's just one of those days where you want to bend over everyone you know and kiss their ass goodbye with a big sideways boot.
Originally posted by Krypton
No they won't. Look at history. Clinton presided over one of the best boom economies we've ever had and Obama's tax rates for high income earners would match Clinton's. Additionally, the wealthy pay a less % of their income in taxes than a middle income earner. You know, there's something called fairness, and right now, the high income earners have NOTHING to complain about. They won't be taxed into poverty. They will just have to pay their fair share.
You know what would be fair? A flat tax. everyone pays the same percentage. Right now, something like 33% of people don't even pay taxes (which makes me ask, how can 95% of people get a tax break?)
Oct-26-2008 18:00
Zild
Ten City
Registered: Jun 2004
Location: San Antonio, US : TXTA #156
Adam Smith didn't think a flat tax was fair. Go ahead and call him a socialist.
Also I'm not sure where you learned mathematics, but the lowest tax bracket right now is %10 on earnings of 0-8,025 so I don't see how 33% of people aren't paying taxes unless they are dirt poor students like myself with NEGATIVE income.
If 33% of people really make less than $8000 a year then we have some serious problems in this country.
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I've never been able to eat a whole baby.
Kill the women. Eat the children.
It's just one of those days where you want to bend over everyone you know and kiss their ass goodbye with a big sideways boot.
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Wave is to particle as zero is to one as bagpipes are to modem noises.
Oct-26-2008 18:03
mndeg
;0
Registered: Aug 2002
Location: IL, United States
flat tax would result in a more of a budget deficit
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soulful/latin/deep house + jazz
Oct-26-2008 20:41
Krypton
83.798 g/6.022x10^23
Registered: Nov 2003
Location: Texas
quote:
Originally posted by The17sss
You know what would be fair? A flat tax. everyone pays the same percentage. Right now, something like 33% of people don't even pay taxes (which makes me ask, how can 95% of people get a tax break?)
I said, % OF THEIR INCOME!! Not % of all taxes paid...
95% of TAX PAYERS. THOSE WHO PAY TAXES.
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Oct-26-2008 21:08
Lebezniatnikov
Stupidity Annoys Me
Registered: Feb 2004
Location: DC
“I don’t believe she’s qualified to be President of the United States. The first judgment a potential President makes is who their running mate is—and I don’t think John made a very good selection," - Senator Chuck Hagel.
You know what would be fair? A flat tax. everyone pays the same percentage. Right now, something like 33% of people don't even pay taxes (which makes me ask, how can 95% of people get a tax break?)
Because the top 5% control the vast majority of the wealth?
