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GOP Budget Proposal: Massive Tax Cut For Wealthy

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posted on Mar, 27 2009 @ 12:27 PM
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Income taxes are illegal so this discussion is moot.

The problem with this notion of the rich paying more taxes than others is that in a true free market society, why should those that are willing to work harder and more diligently to pursue money be forced to pay more in taxes to support the lazy masses on welfare in need of social programs to make their lives work because they are too lazy to get up and do something for themselves?

To put that into perspective with a hypothetical scenario, say someone lives frugally their entire life, investing their money wisely and working very hard. Then fed.gov comes along and says that because of all that hard work and diligence they are going to take more of that money away from the hard working person to give to the lazy people than they take from the middle class? A larger percentage just because they make more money over an arbitrary dollar amount?

Just put an end to the illegal income tax and let the chips fall where they may.

End the Fed and end the IRS.




posted on Mar, 27 2009 @ 12:44 PM
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This is not a party issue, it's a money issue in a recession. Why would the government (or anyone) think that raising my taxes while I am making far less money than any politician, is a good idea?

We all need to remember that "No One was Ever Taxed into Prosperity" and you can quote me on that!



posted on Mar, 27 2009 @ 12:48 PM
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Deleted because I answered my own question and it was a stupid one.

[edit on 27-3-2009 by Protostellar]



posted on Mar, 27 2009 @ 01:42 PM
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Originally posted by nyk537
reply to post by mybigunit
 


The first time anybody in this country started paying 90% tax, we'd never be able to go back.

The politicians in Washington would keep it going until it was too late and every person in the country was bankrupt. No amount of uproar would be able to stop them once they started seeing those dollar signs.



90% tax- invest or be taxed DWIGHT EISENHOWER (R)



posted on Mar, 27 2009 @ 01:44 PM
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Originally posted by merkaba93
Income taxes are illegal so this discussion is moot.

The problem with this notion of the rich paying more taxes than others is that in a true free market society, why should those that are willing to work harder and more diligently to pursue money be forced to pay more in taxes to support the lazy masses on welfare in need of social programs to make their lives work because they are too lazy to get up and do something for themselves?

To put that into perspective with a hypothetical scenario, say someone lives frugally their entire life, investing their money wisely and working very hard. Then fed.gov comes along and says that because of all that hard work and diligence they are going to take more of that money away from the hard working person to give to the lazy people than they take from the middle class? A larger percentage just because they make more money over an arbitrary dollar amount?

Just put an end to the illegal income tax and let the chips fall where they may.

End the Fed and end the IRS.


We are not a free market economy...

I like my government - USA!!!

YOU ideology will be in favor soon enough, until then tough crackers.



posted on Mar, 27 2009 @ 01:47 PM
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For cripes sakes.

The government needs to CUT SPENDING so that the taxes we are paying now actually start to curb the deficit.

If this doesn't happen the economy will never recover...period.

The debt it too freaking high...the fed is inflating our currency and the spending is way out of control.

Bickering about this does nothing.

Place blame wherever you want. It solves NOTHING.

If we do not somehow balance the budget..we are toast....if we aren't already.

The only thing coming out of Washington are lies and political games.

There is no money for any more social programs...there is no money for war..THERE IS NO MONEY!!!

Stop the GD nonsense and tell them to stop!



posted on Mar, 27 2009 @ 03:15 PM
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Originally posted by Victoria 1
So are you telling me that somebody that makes $100,000 is rich, or a family together that makes $100,000 is rich. You are WAY off! Think about this, somebody who makes $100,000 and pays 25% taxes makes LESS money then somebody who makes$85,000 and pays 10% taxes....... Nobody ever does the math. The person making $100,000 would bring home $75,000 and the person making $85,000 would bring home $76,500. How is that not far? How is that a tax cut for the "wealthy????????" Obviously if somebody makes $500,000 and they get a 10% tax cut, they will pay less then somebody who gets a 10% tax cut and makes $200,000. Duhhhhh, I mean lets face it, it is not the poor people stimulating the economy, it is the people with small business who of course have to make over $100,000 just to keep their business afloat.


correct me if I am wrong, but before any of that $100,000 is taxed, the expenses (the money they use to "keep the business afloat") are subtracted from it and the result (profit) is taxed!!!

error number one!



posted on Mar, 27 2009 @ 03:53 PM
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I was wondering if someone could explain how flat taxes are fair. I think you flat taxers don't realize how many other taxes you pay. For instance...

If I make 50k per year at my 40 hour per week, blue collar job, and I pay a 10% flat tax, that's 5k. I spend all that's left, (and we live cheap) cause I've got two kids to feed, so we'll add the 8% sales tax in my state. That's another $3600. Property taxes add another $3000, and pretty soon, I've paid 23% of my income in taxes.

If I make 500k at my 40 hour per week white collar job, and pay 10%, that 50K. I live really well, but only manage to spend 300k. I live in a massive house, and pay 20k in property taxes. My total tax bill comes to 18%.


That, ladies and gentlemen, is one of the reaseons we have progressive income tax rates. (because all the other taxes you pay are regressive)

(keep in mind that if I get my income from other means, say, long term capital gains, and I don't work for it at all, I only pay 10%, where labor, which actually creates value, pays currently much higher rates.)


Along the same lines, if flat taxes are the only fair way to go, would flat percentages in fines be fair as well? 1% speeding tickets. 150% for fraud (Madoff). In those cases, the rich would pay much more in dollar terms for breaking the law. If Bill Gates gets a speeding ticket, it might cost him a hundred million or so, where I only get slapped for $50. It doesn't seem like you can argue both ways...



posted on Mar, 27 2009 @ 05:04 PM
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Originally posted by grover
More proof if any further was needed that the GOP has become totally clueless.

When are they going to realize that people just don't buy it anymore? Its the average Joe... the you and me that is hurting and needs tax relief... for someone for whom it would actually mean something as opposed to giving it to someone who probably wouldn't notice one way or the other... and still they expect us to buy the old, tired lie called tricked down economics.

You can only slash income i.e. taxes so far before the system begins to break down...

... Where the hell do these fools think the money for their earmarks and their favorite hobby, war comes from?

The Easter bunny?


I hate to break it to you, but the fact that you attempt to cite the "Huffington Post" as a credible source, truly does cripple any argument you are attempting to make.



posted on Mar, 27 2009 @ 05:51 PM
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Originally posted by Victoria 1
So are you telling me that somebody that makes $100,000 is rich, or a family together that makes $100,000 is rich. You are WAY off! Think about this, somebody who makes $100,000 and pays 25% taxes makes LESS money then somebody who makes$85,000 and pays 10% taxes....... Nobody ever does the math. The person making $100,000 would bring home $75,000 and the person making $85,000 would bring home $76,500. How is that not far?


That is not how taxes work. The person making $100,000 would be taxed at 10% as well. If the person made $100,500, the first 100,000 would be taxed at 10%, and the 500 would be taxed at 25%. That's why it's so idiotic to hear idiots talking about lowering their income to get into the lower tax bracket; it accomplishes nothing except decrease their income. Its called a marginal tax rate.



posted on Mar, 27 2009 @ 05:55 PM
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reply to post by TheAgentNineteen
 


Would you consider the actual Republican plan a credible source? Its not like Huffington Post pulled the number out of their butt. Its on page 10.

Republican Plan



posted on Mar, 27 2009 @ 06:00 PM
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Originally posted by grover
Read your history... every major revolution over the past 200 years... the French... the Russian and the Chinese and you will find the one thing they all have in common is that the tax burden fell heaviest on those who could least afford it while the most wealthy paid nothing at all.


Perhaps you should be the one to read your own history.

Republicans are advocates of the Republic and against all dictatorships.

I am not saying that the current Republican party doesn't have corrupt people in power, in fact there are.

I also think that many Republicans in government apparently haven't read the documents which defined this Republic, and the concepts by which it was founded, but I also think people like you haven't read the documents at all with your bashing against a whole party.

A real Republican is an advocate of the Republic, and is against all dictatorships. A Conservative Republican is a person that wants to save, and keep alive the Republic as founded by our forefathers.

Are there corrupted people in the Republican party? yes, there are.

I believe many Republicans in power either haven't read those documents which defined, and in which this Republic was founded on, or there are Republicans that don't really care, and all they want is to stay in power anyway possible.

I do believe that the Republican party has been infiltrated to help in the transition towards a Socialist regime.

Many so called Republicans now-a-days were once in the left, or have left leaning ideas.

A real Republican representative wouldn't have voted in favor of H.R. 1388, or similar bills.

The Republic has been slowly transformed. Now if you ask any American what form of government are they living on, most Americans will wrongly claim "we live in a Democracy".

This is not happening jsut to the regular Americans, but people in power, and even the media keep claiming we live in a Democracy when all along this country has been, and should continue to be a representative Republic.

The best way to transform a Republic is to infiltrate it and slowly change the meaning of the Republic, and this transformation has been happening for decades.



[edit on 27-3-2009 by ElectricUniverse]



posted on Mar, 27 2009 @ 06:07 PM
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reply to post by TheAgentNineteen
 


Like faux news is reliable?




posted on Mar, 27 2009 @ 06:23 PM
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I think people should read the Republican plan before they start to get get puffed up by a post from the Huffs.

Here is part of the plan made by the Republican party.



republicans’ solution
Instead of raising taxes on all Americans in the midst of a
recession, Republicans seek to reduce the tax burden on
working families and small businesses in order to create
jobs and unlock private capital.

Republicans believe that future generations should not be
burdened by mountains of debt for the misguided choices
made by Democrats today. Instead, working families
should be able to keep more of what they earn and pass
those savings to future generations.

Republicans propose a simple and fair tax code with a
marginal tax rate for income up to $100,000 of 10
percent and 25 percent for any income thereafter, with a
generous standard deduction and personal exemption.

Republicans would allow any individual or family
satisfied with their current tax structure to continue to
pay those rates, while dropping the two lowest rates by 5
percent to provide every taxpayer with a tax cut.

Republicans would also permanently fix the Alternative
Minimum Tax (AMT) so that millions would no longer
have to fear the possible imposition of a huge, new tax
each year.

Republicans believe that the tax code should not penalize
savings and thrift, especially in a period of economic
turmoil. Our plan would lower the capital gains tax and
loosen restrictions on various savings vehicles in order for
individuals to catch up and replace losses from the
market.

Republicans also propose a new tax deduction that allows
businesses with less than 500 employees to take a tax
deduction equal to 20 percent of their income, ensuring
that these engines of growth will continue to fuel our
economic recovery and companies can compete with their
foreign counterparts, while keeping jobs here at home.

Last but not least, Republicans would ensure that no
taxpayer pays more in taxes as a result of various tax
increases scheduled to occur, whether it be the return of
the death tax, the marriage penalty, or higher marginal
rates.

www.gop.gov...



posted on Mar, 27 2009 @ 06:27 PM
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Thats not a budget... that's a platform.



posted on Mar, 27 2009 @ 06:28 PM
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People do have to remember that unless we make a new policy that prohibits all companies from sending American jobs abroad, that all that the rich people will do when taxes are too high, is cut the pension of their employees, cut their health care, and cut their wages, and if that doesn't work they will simply send jobs abroad.

There has to be a middle ground.



posted on Mar, 27 2009 @ 06:31 PM
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Originally posted by grover
Thats not a budget... that's a platform.


Ah I see, so if you change the name of the plan, it makes it wrong?

Perhaps you should spend more time reading about the history of your own nation first, instead of devoting your whole energy into bashing a whole group of Americans...



posted on Mar, 27 2009 @ 06:32 PM
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I wouldn't mind seeing the rich get a tax break. At least that way, someone is getting something back.

Under Obama, I'm not seeing anything. No one is going to save any money on that $800.



posted on Mar, 27 2009 @ 08:49 PM
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Check it out.

www.anewwayforward.org...

Should be interesting to watch as it develops

[edit on 27-3-2009 by grover]



posted on Mar, 27 2009 @ 09:29 PM
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How do all those leaving negative comments on this post miss the fact that redistribution of wealth is best done through real economics and jobs?

Do any of you have a fundamental understanding of the economics behind tax cuts? It has nothing to do with hatred or name calling.

Doesn't it occur to any of you there is a reason why China and the USSR are moving toward Capitalism?

No other country takes care of their poor as well as the USA does, so why would you look to weaken a system that is already the goal other countries wish to attain?

Americans are enamored with hating themselves than they are with problem solving.



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