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Originally posted by MidnightTide
That is completely insane - your looking at a tax burden of close to 50% for middle income earners.
Why would you even go to work.
Originally posted by nunya13
reply to post by MidnightTide
These seems to be fear mongering, IMO. The Wall Street Journal is a mouthpiece for big business and the wealthy. Big business is pushing for "entitlement" cuts so they won't be faced with having to pay their fair share, like they were before.edit on 18-7-2011 by nunya13 because: (no reason given)
Originally posted by MidnightTide
Even if this gets passed (but it won't there would be blood in the streets first) the problem isn't in how to get more money out of people - IT IS OVERSPENDING by the government.
Originally posted by nunya13
reply to post by MidnightTide
These seems to be fear mongering, IMO. The Wall Street Journal is a mouthpiece for big business and the wealthy. Big business is pushing for "entitlement" cuts so they won't be faced with having to pay their fair share, like they were before.edit on 18-7-2011 by nunya13 because: (no reason given)
Originally posted by SevenThunders
Originally posted by nunya13
reply to post by MidnightTide
These seems to be fear mongering, IMO. The Wall Street Journal is a mouthpiece for big business and the wealthy. Big business is pushing for "entitlement" cuts so they won't be faced with having to pay their fair share, like they were before.edit on 18-7-2011 by nunya13 because: (no reason given)
Since every tax cut since the great depression has resulted in INCREASED government revenue, do you still favor business stifling tax hikes? I personally have not started my business and scaled back because of tax issues and health care costs created by Obamacare. That business could have brought a few folks off of the government dole. That's what socialism does. It's a destroyer. It creates misery everywhere it's tried.
True liberals don't care if tax hikes lower government revenue. They are all about the process. The process of destroying America and replacing it with international socialism. The more authority we hand over to the UN and the 'benovolent' elitists the better. If someone is prospering because of all their hard work and perseverence, they need to immediately be punished with confiscatory taxes.
Originally posted by camaro68ss
nothing new here in california. after all the taxes i pay im already at 52% and im middle america
Originally posted by spyder550
I am betting that not one person in this thread will be affected by the increase in marginal tax rates -- after WW2 there was a 90 percent tax rate --