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69% of America: Rescind Bush tax cuts on rich

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posted on Aug, 21 2010 @ 11:21 PM
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rawstory.com...


As a battle over the Bush tax cuts looms in Congress, a new CNN/Opinion Research poll found on Friday that a large majority of the public wants them to expire for the wealthy.

A whopping 69 percent said the tax breaks for individuals making over $200,000 – and families making over $250,000 – annually should expire at the end of this year.

Eighty-one percent favor extending them for Americans making less than that, which both parties largely agree with.

The poll found that only 31 percent support extending the tax cuts for what would be the top 2 to 3 percent of Americans, enacted in President George W. Bush’s first term, and scheduled to lapse on December 31.

Big business groups, however, such as the Chamber of Commerce, are lobbying heavily to ensure another round of tax breaks on the highest income-earners.


I'm sure this issue will be bandied about in the upcoming elections. As unpopular as the libs are; if they use this against the GOP, it could tighten up the races considerably.

People now realize the old GOP talking point that "the rich create jobs" is a fallacy.
It's obvious that it hasn't worked that well so far. In fact the big money is shipping more jobs overseas than ever before in the quest for even bigger profits than investing in America and American jobs.

www.seattlepi.com...

[edit on 21-8-2010 by whaaa]




posted on Aug, 21 2010 @ 11:27 PM
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Either of those percentages are quite interesting...

Illogical and mutually releasing. I'm game.




posted on Aug, 21 2010 @ 11:30 PM
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Originally posted by unityemissions
Either of those percentages are quite interesting...

Illogical and mutually releasing. I'm game.



my bad. Fixed.



posted on Aug, 22 2010 @ 03:42 AM
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What would be interesting is if they let these tax cuts expire, however, gave tax incentives to businesses that hired people.

Say make it cumulative, that way if a business hires a lot of people they save a lot on taxes.

Wouldn't that help unemployment more than trusting already greedy people taking advantage of the tax code to somehow magically become less greedy?



posted on Aug, 22 2010 @ 03:49 PM
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reply to post by whatukno
 



This is one of the all time hypocritical stances of the GOP.

They claim to want smaller government but are more than willing to have large corporations dictate the song and dance, the subsidies, the favorable, ineffectual "regulating committees" a HUGE military industrial complex, etc. Since when has any corp. entity ex. rich people opted for less profitable and inturn smaller.

Mean while the rich folks stick it up the right wing idolaters ....., break it off and the conservatives say
"sir, may I have another"






[edit on 22-8-2010 by whaaa]



posted on Aug, 22 2010 @ 08:16 PM
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Wait a minute...this must mean 69 percent of American are Socialists right?? Or better yet...COMMUNISTS!!!!

LOL



posted on Aug, 22 2010 @ 08:26 PM
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Misleading

And Deflective

Typical Lib Mentality

The Tax Cuts for the "RICH" include ..... yep....me...

The definition of "Rich" by the Libs is anyone, except them, that makes anything above the poverty level..

When the Bush Tax cuts went into effect, I, a VERY lower middle class worker, actual started seeing some of my own money. I was able to invest that money and create for my family a comfortable living. Nothing fancy, just comfortable.

Just like the SS debacle, they take the truth and make it into whatever suits their agenda.. And the public always swallows it as they bandy the word rich around when it is stupid and a lie.

Tax cuts to help the poor? Yeah OK.. Never met a poor person that pays taxes.. Oh sorry.. They pay it but get it all back in April, plus more if they have kids...

Why is it that study after study and historical proof has always shown that tax CUTS stimulate the economy and tax increases, which this is, KILL the economy and reduce the government coffers? Ignorance, stupidity or just gullibility?

Raise taxes to help the economy? That is perhaps the most historically stupid phrase in existence..

Semper



posted on Aug, 22 2010 @ 10:29 PM
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reply to post by semperfortis
 



Tax cuts to help the poor? Yeah OK.. Never met a poor person that pays taxes.. Oh sorry.. They pay it but get it all back in April, plus more if they have kids...


Misleading

And Defective

Typical Conservative Mentality

Let's break this down for you, I work at a hotel, I make $8.00 per hour, I work a 40 hour week. That gives me a weekly gross income of $320.00. Multiply that out by 52 weeks, (I can't afford a vacation and wouldn't get paid for one if I took one.) That gives me a gross yearly income of $16,640.00.

Each week, my boss withholds $15.51 in Federal Taxes out of my paycheck. Which at the end of the year comes to $806.52. Now, they also take out state taxes, each week my boss withholds $13.92 out of my paycheck. Which at the end of the year, is $723.84. Then of course, they take $19.84 out of my check for Social Security, at the end of the year that comes to $1,031.68. and, then they take out Medicare (They call it FICA now), each week that's $4.64 which comes to $241.28 a year.

All together, that's a grand total of $2,803.32 off the top taken out, leaving me with a net income of $13,836.68 each year to live off of, of course in my case I also pay child support, and that takes $6,918.34 out leaving me with $6,918.34 to live on. (fun huh?) but that's besides the point.

The point is taxes, I still land squarely in the 15% tax bracket, and will owe $1,277.00, minus the $806.52 I will still owe, $470.48. Now, certainly someone who brings home 13,836.68 qualifies as poor. (especially because I actually have to live off of half of that) I haven't calculated my State taxes yet.

But the conservative lie that poor people don't pay taxes doesn't pan out. It's a lie because even if someone does have the deductions to get back every dime they pay in, they still pay social security and FICA taxes, things that Conservatives want to make sure that we who have paid into these will never ever be able to get back or use. We still also pay sales tax on anything we buy. So the conservative lie that poor people don't pay taxes is just that, a lie, a fabrication, a deception, a fallacy.

Sorry to be harsh there, but I cannot stand that bull [snip] Conservative lie that poor people don't pay taxes.



posted on Aug, 22 2010 @ 10:41 PM
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reply to post by semperfortis
 


The only thing Bush did that helped me was give my parents a tax cut to send me to private school. We probably used the extra $ to buy more vacations or a few more pairs of designer jeans....

These days we're doing well but my husband and I have make $800K a year and $10K a year and I can tell you that in this economy we can drop the tax cuts for us for a decade because I cannot see any more struggling around me.

It doesn't make you feel better to have the nicest house on the block when your neighbors are starving.

I believe we are fully compensated for our hard work and I'd rather live in an area where my girlfriends can actually meet me for a discount lunch, rather than I sit in the corner booth of a deserted restaurant by myself.



posted on Aug, 22 2010 @ 10:46 PM
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reply to post by semperfortis
 


Taxes for the rich are at their lowest since the Clinton adminstration, by like 10%.

Letting this expire means that the tax levels go back too......normal.

And a lot of good they have done this too.

Despite what people think, tax cuts don't help the economy. Figured everyone woudl have seen proof enough of that by now.



posted on Aug, 22 2010 @ 10:48 PM
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reply to post by whatukno
 


Your either 100% completely mistaken or intentionally posting false information..

I hope it is the first.

Your figures are correct, except that at your current state, you get 100% of that back at the end of the year, thus paying no taxes at all.

As for FICA and other fed deductions, this is not the thread for that as they are not effected, up or down, but any tax cuts or increases.

Also your comment that poor people will not see and social security benefits, well first that is just more propaganda as NO ONE.. NOT ONE SINGLE PERSON has ever NOT gotten SS that has earned it due to the "state of ss as a whole".. FACT... You can claim you wont get any, but that is just more lib fear mongering.

Poor people DON'T pay taxes.. What is taken out of your check each week you get back.. You understand that correct?

If you can't handle that being taken out, I suggest you learn to budget, I would be happy to provide some sites with information on that.

But the issue here is pretty clear..

You feel like you make so little money, you have a RIGHT somehow to take some of mine.. That's really it isn't it?

I have not always been successful, I was once young and poor and raised both of my daughters on FAR less then you are making now. But I never once wanted someone to pay more into taxes so I could have more. I figured if I wanted more, I should work for it.. Called a work ethic.. So I did and I persevered and finally I have something... Something that you apparently feel you should have a part of..

How can you possibly justify someone, anyone, paying more so you can have more?

I'm at a 33% tax bracket.. Isn't that enough for you?

I pay twice the percentage you do.. NOT just twice the amount.. NO........No.....

TWICE the PERCENTAGE... WAY past twice the amount...

Still not enough for you though huh?

Sheesh



posted on Aug, 22 2010 @ 10:49 PM
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This guy seems to make an interesting argument that lower tax cuts help everybody.


The evidence from the 1960s through today illustrates that lower tax rates correlate with rising incomes for all sections of the population. Even cuts on capital gains and dividends, often though to benefit only rich stockholders, allow for greater investment and more job creation, which ultimately helps lower-income Americans.


taxesandgrowth.ncpa.org...

I'm still on the fence on this issue, but common sense tells me that loopholes will be created(buddy system) and that the burden can't continue to be piled on the rich.

Seems like every proposal wants to tax the rich more. At what point will the rich revolt and take their money/business elsewhere?



posted on Aug, 22 2010 @ 10:52 PM
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It is simple if you don't have a personal agenda..


Truth #1: The most effective role for government is to decrease barriers to economic growth . High tax rates on working, saving, investing, and business development are among the biggest government burdens slowing the economy. Lowering these obstacles would trigger more jobs, higher incomes, and less poverty.



Truth #2: Permanent tax cuts are better than temporary ones . Unfortunately, major provisions of the 2001 tax cut--reductions in income tax rates, repeal of death taxes--will expire in 2011. This policy also hurts the economy today.



Truth #4: Bigger tax cuts help the economy more than smaller ones do . The 2001 tax cut was small compared with President Kennedy's cuts in the 1960s and President Reagan's cuts in the 1980s. The more you remove your foot from the brake pedal, the greater the effect.


Read and be Educated

Semper



posted on Aug, 22 2010 @ 11:00 PM
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Look..

I'll say this and then bow out so you can all flame..

It is as simple as jealously and envy..

Want a better life and more money? Get a better job or stay with the one you have long enough and you will get there.

Stop being envious of others success and jealous of their money. Stop using others success as a blame tool for whatever situation you may be in.

Stop wanting someone else's money and concentrate on your own.

Sure I look at people with better houses and better cars and I think how I would love to have one. But I don't think about ways to make them pay for it. I think about how I can work harder and pay for it myself.

I don't have a new vehicle, in fact my trucks are 8 years and 11 years old respectfully. Why? cause I don't have the money to buy a new one.. Do I think they should raise the taxes on someone else so I can have more? GOD NO.. I'm a man and can stand on my own two feet..

The Government wants too much now and the funny thing is all of you who post on here and RAIL ON about how "Big Brother" is so bad, how he lies to us and cheats us.. Well you are sure ready to side with him when he wants to raise taxes and give you more.. That my friends is hypocritical..

Thanks for the fun

Semper



posted on Aug, 22 2010 @ 11:10 PM
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semper its like talking to a brick wall


these people will not listen ever...


the majority on ats hate bush and hate republicans hate lower taxes.


i honestly dont see how people get cause someone has more your "entitled" to it.


soon tho when the bush tax cuts expire they will see. THEY WILL ALL SEE

just how much they have helped.



posted on Aug, 22 2010 @ 11:53 PM
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reply to post by semperfortis
 


All the figures I have given you are accurate, and I have given you the facts as they really are.

Last year I got roughly $400.00+/- back from Federal and I had to pay into Michigan #20.00 (not a lot I know) but the point is, the income withheld was more than $800.00 for Federal and $700.00 for Michigan. So no, I do not get all of my taxes back.

Listen, I am not blaming you for making more than me. I understand that with a better job comes a better compensation. That's how it should work. And I don't want anything from you.

But maybe I am wrong, maybe because I am (to the conservative mindset) "lazy" and "worthless to society" I should pay 100% of my income to taxes, that way you can keep your taxes low, because of course you are worth more to society and a better person based solely on your income than I am.

Wouldn't that just solve all sorts of problems? The working poor like me and my other "worthless to society" ilk could work, pay all of our income to taxes, eventually starve and die, and that will just leave the middle and upper income earners to not have to worry about those horrid unfair taxes. Plus, having to pay 100% of my income to taxes will give me an incentive to get a better job

Because those great jobs are so plentiful and are everywhere right now. God, I mean why are there unemployed people at all? Everyone could just go out right now and get themselves a middle class job tomorrow if we weren't so damn "lazy" and "worthless to society"

Here's the point. You and I do not create jobs. However, a business does, my earlier post also makes more sense, instead of income taxes being cut for upper income people, how about lowering business taxes?

Businesses create jobs. Individuals while helping businesses do not directly create jobs. Cutting business taxes makes more sense for job creation because a business owner who pays less in business taxes may be more likely to add a new employee or two to their business. Thus giving me and my "lazy" and "worthless to society" ilk the opportunity to work more, gain more income and to the conservative mind be worth more to society.



posted on Aug, 23 2010 @ 12:14 AM
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It wont matter because they can just donate a large chunk of their money and then claim portions of that as a tax write off for the next 5 years. This would let them get the tax laws back in place by then and they would have basically gotten away from paying.



posted on Aug, 23 2010 @ 12:37 AM
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Throughout the 50's n 60's the rich payed 90% of taxes. I learned that from michale moores movie/documentary capitlasim a love story.
i wonder...been thinking of this for a while now.It seemed like when the rich were being taxed, the elites and groups LIKE builderberg were unheard of. Now that they arnt paying so much, they got more and more powerful, fidning their ways and inluences into congress. perhaps, making the rich pay 90% of taxes, meant keeping them at bay so they wouldnt become so big ba n powerful? something to seriously pnder on



posted on Aug, 23 2010 @ 12:47 AM
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People now realize the old GOP talking point that "the rich create jobs" is a fallacy.


Really then who creates jobs? Ive never gotten a job from a bum on the street, he couldnt afford to pay me?

Who else does that leave? The Gov? MMM yes, they are SO good at making jobs........how much of the employment in the US is held by the PRIVATE sector again? ..........yeah thats what I thought, and ill bet you they didnt get their jobs from someone under a bridge either.





. In fact the big money is shipping more jobs overseas than ever before in the quest for even bigger profits than investing in America and American jobs.


Youre partly right, Yes that is happening a lot, but a HUGE reason that this is happening is because of all the "Kill the rich man" attitude thats been going on and taxing the HELL out of these people, to the point where they cant afford to keep doing business there, look at how many businesses moved from NY to other states or over seas because of the Taxes on private business owners.....

Id take my business where it was more profitable too, you dont make money by being a fiscal idiot..........unless youre the gov apparently, cause theyve got the liberal left convinced they are doing it right.....

Your post was FULL of spin.........



posted on Aug, 23 2010 @ 12:53 AM
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reply to post by ziggy1706
 


Just curious.

Do you have any idea how income was defined in the 50's and 60's and what kind of deductions they were entitle to?

Furthermore, were there many audits at this time?

www.truthandpolitics.org...

The link above seem to say that anything over 400,000 was taxed at 91% if I am reading this right. But it doesn't include exemptions and deductions.

Sorry, you peaked my curiosity and I just keep wondering that if the tax rates were so high, how did the Kennedy's stay so rich?




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