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Six Months to Go Until The Largest Tax Hikes in History

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posted on Jul, 6 2010 @ 01:36 PM
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Originally posted by AllexxisF1
Oh you mean those tax cuts that benefited the super rich?



No, he is referring to those tax cuts that benefited everyone in this country. What simple minded individuals such as yourself forget to realize, is Bush cut taxes for everyone, not just the rich. You're argument is poor and not very well thought out.


Those tax cuts that exploded the deficit?


No, fiscal irresponsibility (a.k.a over spending) is the result of those deficits.


That tax cut which we had to borrow from China to pay which devalued our currency even more.





You must mean those tax cuts that were going to create millions of new jobs when rich people got to keep more of their money right?


And you are under the false impression that the "rich" are not entitled to what they have worked for... Perhaps you are a socialist, we all know how failed those policies are and have been. History has proven this...


Oh wait...the rich got to keep their money, exploded our deficit and started ZERO new jobs in the process.


Our economy expanded by roughly $5 trillion from 2000-2009. I assure plenty of jobs were created. The numbers do not lie.


Chalk one up for the Conservative failed ideology.


Trumped by liberal ideology? I think not! If we have learned anything from the past 16-17 months, its that the liberal policy is the one that fails, and fails pretty hard.

True conservative policies have been shown to grow the economy best. Small government, and controlled spending is a bad thing? Explain.




posted on Jul, 6 2010 @ 01:36 PM
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I saw a similar post to this and everyone was hating on it saying the tax increase is only for the rich and people are blowing it out of proportion. People are so brainwashed. They think it's all for the best. Haha. These increases effect the poorest of the poor as well.



posted on Jul, 6 2010 @ 01:51 PM
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reply to post by West Coast
 


So many people on this thread fail to see this is going to affect everyone, high income to low and the lowest tax bracket is hit the hardest.

I am trying to avoid political partisanship. Both parties are a means to the same end for TPTB.



posted on Jul, 6 2010 @ 01:53 PM
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reply to post by therealnews
 


I agree. That's what a number of posters have been trying to say. But people keep coming in here and posting without reading or understanding the article and thread.



posted on Jul, 6 2010 @ 01:56 PM
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OH don't worry, AMERICA WILL DO NOTHING. Taxes will go up, laws will change in favor of the elite. So don't go and b# about them going up, if you yourself do not go and rally against congress and all them wasting your money away. If you do nothing to a thief when they steal from you, all they will do is take more. TAKE, TAKE. DON'T worry AMERICA, you will loose more.



posted on Jul, 6 2010 @ 03:01 PM
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Deny ignorance...HA! this thread alone is loaded to the hilt with it.


1) At the end of Bush's terms in office there has been a net loss of jobs. You could check about a gazillion sources for those numbers.

So...apparently tax cuts that benefit the super rich actually do not in any way increase the job market at all. Hence a completely failed ideology.


2) The idea that a poor person got back $200 because of the Bush tax cuts compared to the $100,000 of thousands rich people got back is someone befitting everyone is absolutely and patently ABSURD.

Especially when the idiot who gave out the tax break that benefited his friends more ends up ballooning the deficit with two wars and countless borrowing from China.

3) Once again this moronic fallacy perpetuated by sheep who actually believe one day, they themselves will be super rich, claiming that rich people who get to keep most of their money create jobs. No...NO they don't as evidence can be seen in the last eights years.

4) Yes raising taxes on the super rich (like we had for over 50 years with a top tax rate of 90% until Reagan came into power) does create jobs and better overall economic stability.

Why you ask? because sheep, if I am a CEO and I decide to give myself a crazy ridiculous salary 312 times that of the lowest employee (compared to 31 times of just a couple decades ago) it will all just end up in the governments tax collector.

So what do I do? I LEAVE IT IN THE COMPANIES COFFERS! Which will be there to keep the company afloat in bad times and holy crap ...actually hire people when we need to! You know the WAY THINGS HAVE BEEN FOR DECADES!

5) Did some of you get kicked in the head? Because surely you remember the tax cut Obama has delivered to you and other people and businesses in the middle class. Did you forget that tax cut? did you someone miss that when your payroll clerk announced it to everyone?

Moreover, last I checked there is still plenty of time to rework any legislation that might expire to not effect anyone making below $250,000. So why all the doom and gloom when nothing has been enacted yet.


6) You know what worse than an ignorant fool. An ignorant fool that stands up and defends the super rich when he himself is paying 15% (after all his deductions) and the super rich guy who gets paid via shares only pays 10% after moving his money overseas, not declaring most of it and just about using a gazillion loop holes.

You know...like Goldman Sachs who paid only $131,000 in taxes last year. Yes $131,000.00 dollars in taxes. They made billions but only paid in a measly $131,000. Go ahead defend that all the while shoving a pipe up your arse.

7) Oh the guy who said he picked himself by his own boot straps and employed 100 people and how he should keep everything he makes yada yada yada .... NEWS FLASH! ...you would not be making the money or even have the business you own without the tax payers money building and supporting the community that allows you to have a business in the first place.

Because Sherlock without any roads, water, sewer, electrical, police, firefighters, and just about a million other things that make it so people can, holy crap...actually survive in what we call towns you would not be able to start a business let alone keep it afloat.

Here is a quick test to prove my point. Take your desk and whatever else you like and drive to the middle of the desert and setup shop and let's see how much money you make. Without any taxes or infrastructure.


The bottom line is this, the rich have not been paying their fair share for a long time all the while they have been sticking us in the arse to bail them out. F-that raise their taxes to where it has been for decades at 90%. You know when this country has decades of real solid growth and expansion.



posted on Jul, 6 2010 @ 05:05 PM
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reply to post by AllexxisF1
 


I know you're busy disrespecting the conservatives and all, but how did Obama's economic stimulus package work out for us? He promised to create a million jobs and get the country back on its feet, not deeper into debt to the tune of trillions of dollars. Do you suffer from Selective History Disorder, where you remember only those events in history that promote your own political ideals?



posted on Jul, 6 2010 @ 06:03 PM
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Originally posted by AllexxisF1
Deny ignoranceHA! this thread alone is loaded to the hilt with it.


Unfortunately, you've displayed an equal amount of it yourself..



1) At the end of Bush's terms in office there has been a net loss of jobs.


You clearly do not understand a presidents role... The POTUS does not create jobs. That is the private sectors job.


You could check about a gazillion sources for those numbers.


Which proves nothing in regards to your initial claim.


So...apparently tax cuts that benefit the super rich actually do not in any way increase the job market at all. Hence a completely failed ideology.


Explain. You are not making a very compelling argument.


2) The idea that a poor person got back $200 because of the Bush tax cuts compared to the $100,000 of thousands rich people got back is someone befitting everyone is absolutely and patently ABSURD.


Which is false, and not true at all.


Especially when the idiot who gave out the tax break that benefited his friends more ends up ballooning the deficit with two wars and countless borrowing from China.


Everyone received a tax break under Bush, not just the "super rich." An often overlooked fact by people such as yourself. Deny ignorance.

As for deficits, the first 6 years should be blamed on republicans, they acted like democrats (spending wise). The past 3.5 years need be blamed on the democrats, as they've had control of the House and Senate.

I echo the sentiment displayed by dblock, in regards to both political parties screwing over the American people. Neither one should be trusted.


3) Once again this moronic fallacy perpetuated by sheep who actually believe one day, they themselves will be super rich, claiming that rich people who get to keep most of their money create jobs. No...NO they don't as evidence can be seen in the last eights years.


Roughly 80% of the US economy is based on internal commerce. A big part of the US economy relies on small businesses for job growth and tax revenue. The US added $5 trillion worth of GDP under Bush, partly proving that low taxes actually spur economic development.



4) Yes raising taxes on the super rich (like we had for over 50 years with a top tax rate of 90% until Reagan came into power) does create jobs and better overall economic stability.


It was only necessary to help facilitate a war against the Nazis, and the Imperial Japanese. This was the cause for a high tax rate. If we were about to enter another world war, your argument would hold some water. As that however is not that case....



5) Did some of you get kicked in the head? Because surely you remember the tax cut Obama has delivered to you and other people and businesses in the middle class. Did you forget that tax cut? did you someone miss that when your payroll clerk announced it to everyone?


Just another political promise that will be broken...



Moreover, last I checked there is still plenty of time to rework any legislation that might expire to not effect anyone making below $250,000. So why all the doom and gloom when nothing has been enacted yet.


$250,000 is not a lot these days. Especially if you are a small business owner.


6) You know what worse than an ignorant fool. An ignorant fool that stands up and defends the super rich when he himself is paying 15% (after all his deductions) and the super rich guy who gets paid via shares only pays 10% after moving his money overseas, not declaring most of it and just about using a gazillion loop holes.


The top 1% of income earners alone, pay 40% of our income tax.

46.9% of the population has ZERO federal income tax liability. (note that this is even with the evil Bush tax cuts.)

Set match point.






7) Oh the guy who said he picked himself by his own boot straps and employed 100 people and how he should keep everything he makes yada yada yada .... NEWS FLASH! ...you would not be making the money or even have the business you own without the tax payers money building and supporting the community that allows you to have a business in the first place.


Explain the text in bold.


Because Sherlock without any roads,


Roads are paid for through an excise tax on gasoline.


water, sewer, electrical,


Which should all be privatized. They ran much more efficiently, and were far cheaper (when they were privatized).



and just about a million other things that make it so people can, holy crap...actually survive in what we call towns you would not be able to start a business let alone keep it afloat.


which is plane wrong... Your belief in government is quit delusional and naive.


Here is a quick test to prove my point. Take your desk and whatever else you like and drive to the middle of the desert and setup shop and let's see how much money you make. Without any taxes or infrastructure.


Stupid argument is stupid...



The bottom line is this, the rich have not been paying their fair share for a long time


Again...






all the while they have been sticking us in the arse to bail them out.


Which should have not happened. These companies should have been allowed to fail. Unfortunately, Obama continued the failed policies of the Bush admin by continuing to bail out these companies.


F-that raise their taxes to where it has been for decades at 90%.


When the world was in a world war? Why? There is absolutely no need for that.


You know when this country has decades of real solid growth and expansion.


Because we were at a world war! Our industrial capacity to produce was on overload. The great world war was what brought us out of our great depression! I know American schools are not the best, but good lord learn some history before typing next time about things which you do not understand.

[edit on 6-7-2010 by West Coast]



posted on Jul, 8 2010 @ 01:47 AM
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Originally posted by AllexxisF1
The bottom line is this, the rich have not been paying their fair share for a long time all the while they have been sticking us in the arse to bail them out. F-that raise their taxes to where it has been for decades at 90%. You know when this country has decades of real solid growth and expansion.


How about the rich liberals that are all for raising taxes give away 90% of what they have first? How about the Al Gore's, George Soros', Bill Gates' of the world start forking it over and proving it to us that giving away massive portions of our wealth is a good thing?



posted on Jul, 8 2010 @ 02:23 AM
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Originally posted by AllexxisF1



Tax the hell out of the super rich and use the money to pay down the debt, which increased the value of the dollar in your back pocket.

How do you all not get that?

How did you miss the last 12 years that proved that trickle down does ABSOLUTELY NOT WORK.


I think people get it, but you need to understand something. it is a double edged sword and if you tax the piss out of the super rich, they will just increase the product prices to account for the missing value. It is the TRICKLE DOWN that is killing us. The current system has all corporations under the same house and they own everything. You really want to make a difference? stop freaking shopping at wal mart, stop driving around just to get a big mac, and start growing your own produce.

If you keep playing the game that they own the rules to, how can you possibly come out even or ahead? Impossible. Unfortunately, it must all crash like a house of cards as this is an unsustainable situation. Think of your family, get some agriculture education, start a rotation becuase if you dont and SHTF really occurs. All transit stops, no trucks bringing you fuel, no fuel halts all suppliers, no supplies and tomorrow you look at what you really have (physical assets in your possession) then zombie nation starts as people are to ignorant to understand how to obtain food and water. They will simply come looking for assets.

Unfortunately, thats the future.



posted on Jul, 9 2010 @ 04:23 PM
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Well we could look at the facts, may clarify the Ops initial post;

Below $250,000 will keep current tax rates




President Obama has said he would roll back the Bush tax cuts on higher incomes, meaning $200,000 in income for singles and $250,000 for couples. But he intends to leave in place the Bush tax cuts for people who make less than that.


Everyone is entitled to their own opinion, however, those opinions should be formed in the presence of facts.

Looks to me like Obama wants to keep the Bush tax cuts for the Middle class.

I don't know how this is going in the Congress side of the swamp, but its on record that Obama wants(ed?) to keep the tax cuts for the Middle Class and the poor.

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[edit on 9-7-2010 by ErEhWoN]



posted on Jul, 12 2010 @ 11:47 PM
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reply to post by ErEhWoN
 


One of the points in the article is that he is NOT doing that. Your article is outdated compared to the one I posted. The point is that he said he was going to do that, but he is not, and neither is congress and so in six months we are all screwed.

You make a good point though, he did say he was going to do that.

[edit on 7/12/2010 by dbloch7986]



posted on Jul, 13 2010 @ 08:31 AM
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reply to post by ErEhWoN
 


This version sounds more believeable. americaswatchtower.com...
But lets just say for the sake of argument BO does what he says (which would be a first since he's not doing so good at keeping his word.) and he lets the middleclass an poor keep our tax breaks. Just what is going to happen to the cost of everything if the "rich" have to start paying more in taxes? Answer: The prices will jump up and we'll be paying a lot more.



posted on Jul, 13 2010 @ 04:27 PM
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Originally posted by Chance321
reply to post by ErEhWoN
 


This version sounds more believeable. americaswatchtower.com...
But lets just say for the sake of argument BO does what he says (which would be a first since he's not doing so good at keeping his word.) and he lets the middleclass an poor keep our tax breaks. Just what is going to happen to the cost of everything if the "rich" have to start paying more in taxes? Answer: The prices will jump up and we'll be paying a lot more.


Absolutely correct. Some people have a minor grasp on macroeconomics. It really is not that difficult to understand. Higher taxes on anyone is going to cause another blow to the already fragile economy. The real solution is to curb government spending. Let's not turn this into a partisan political discussion. We all know that all federal politicians are cut from the same cloth, two sides of the same coin or what have you.



posted on Jul, 17 2010 @ 06:40 AM
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Ludwig von Mises argued that comprehensive socialist central planning would result in economic inefficiency and waste rather than the bountiful horn of plenty promised by the advocates of various forms of collectivism. The abolition of private property, market competition, and market-generated money-prices for the society's scarce factors of production would eliminate all capability for any rational economic calculation of the opportunity costs concerning the application and use of resources, labor, and capital. Socialism totally triumphant and implemented would merely lead to Planned Chaos, as he expressed it in the title of one of his later works.


Gee you think chaos seems to have become a daily conversation on most people's tongues these days?

Nobody can make plans for the future and as a result unemployment will continue, housing prices will continue to plunge....most importently since the GDP has been kept up thanks to the SHEAR SIZE of the boomers, now that they are past their prime earning years THE ECONOMY WILL CONTRACT, this was seen a long time ago, but the people currently in charge have failed to account for the causes of our current situation....the GOVERNMENT HAS TO SHRINK, THE TAXES HAVE TO DECREASE while simultaneously the boomers make moves to collect their SS, etc.

It maybe too simple to say the rich are evil, etc. Many people are dropping out of the economy by choice and as a result many will drop out not by choice as the market further dries up and our SO CALLED RICHES come to take a more accurate value....we have excess housing so in order to create SCARCITY cities now bulldoze them in DEtroit, in other words value MUST be maintained by CREATING scarcity where none exists, to prop up market values.




posted on Jul, 19 2010 @ 02:53 PM
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reply to post by bubbabuddha
 


I believe the future can be planned for. I believe it is planned for. I think that we are all involved in a giant game to bring our own slavery to fruition. If these hits to our pocketbooks keep happening I think soon all of us in the lower tax brackets will be reliant on federal subsidies just to make a day to day living. We will all be slaves to the government bank roll.



posted on Jul, 19 2010 @ 03:23 PM
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reply to post by dolphinfan
 


Trying to connect higher taxes to a poor stock market? I will remind you that the last ten years saw the lowest tax rates in modern history, and yet we have had one of the worst markets in modern history as well. There is no historical relationship betweeen taxes and market performance. It is all BS, planted in your mind so you will go along with the rich getting to keep more of your money and it is your money.




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