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Old 03-01-2009, 07:35 AM
 
Location: The Land of Lincoln
2,522 posts, read 3,926,700 times
Reputation: 574

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Quote:
Originally Posted by eurous1 View Post
Obama is not "raising" the income tax, he is simply letting the Bush tax cuts for the >$250,000 income group expire.
Which amounts to an increase in taxes, just semantics.
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Old 03-01-2009, 07:55 AM
 
5,210 posts, read 9,138,511 times
Reputation: 5884
Quote:
Originally Posted by neil0311 View Post
Right...now it's the government's job to pick winners and losers, to even out the inequalities inherent in capitalism, and to use taxes to "encourage" conservation or whatever it is that the Democrats want us to do or not to do.

I'm not against conservation, and I'm very green in my actions, but I have a hard time with government jacking up my taxes and the taxes of all Americans for "my own good." It's just more evidence that in the opinion of our government we need to be treated like little children and daddy Obama will slap our hands when necessary.
The powerful elite in Congress (and their good buddies) have already siphoned off much of our wealth via the housing bubble.

Now they fully intend to take the rest of what we (and our children) have left via the G.A.S.P. (Gawd Awful Stimulus Package) and back breaking taxes (utilities, property, income tax on "the rich", etc.).
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Old 03-01-2009, 08:17 AM
 
Location: Charlotte
12,646 posts, read 13,924,898 times
Reputation: 1679
Quote:
Originally Posted by HubbleRules View Post
We have been living a great, failed social experiment ever since Reagan - it is called Trickle Down Economics...

It didn't work - the middle class never got anything from it - and now it has resulted in an economic train wreck as the confidence of the middle-class consumer has been shattered...

We need a more progressive tax system - there is absolutely no doubt about it.
Strange how those tax cuts didn't turn out the way they were sold....

The administration claimed the 2003 tax cut would generate 1.4 million new jobs by the election--on top of the 5.7 million increase predicted on the basis of the 2001 tax cut.

How do ya think that turned out?

ANSWER HERE. (http://zfacts.com/p/563.html - broken link)
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Old 03-01-2009, 09:22 AM
 
Location: Fort Myers Fl
2,305 posts, read 2,698,726 times
Reputation: 917
Quote:
Originally Posted by mrbob View Post
This Thursday the Obama administration will announce the first legislative proposal to begin rolling back the Bush Tax Cuts for the rich, and to redistrubute the tax burden more towards the affluent - WHICH IS WHERE IT SHOULD BE!!!

The days of Dubya's evil smirk are over!!!

Obama will once again make the rich pay their fair share, and to reverse the massive distribution of wealth from the middle-class to the rich that occurred during the Bush administration..

This is change we can believe in!!!

http://www.nytimes.com/2009/02/26/us...t.html?_r=1&hp
Don't have the time to read through this foolish thread as I am to busy trying to get rich. But I remember years ago when I was also very jealous of wealthy people. And spreading the wealth does not work. Wealthy people did not get wealthy being stupid. Spend less time being jealous and more time learning how you can get a piece of the pie. There is plenty to go around because so many people waste there time being jealous and not enough time figuring out how to get there piece. And you don't have to be dishonest to get it.
Good Luck
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Old 03-01-2009, 08:28 PM
 
22 posts, read 20,510 times
Reputation: 14
Oh boo hoo, Gates, Buffet and Winfrey will have to pay their fair share now. Geesh.
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Old 03-01-2009, 08:34 PM
 
Location: Marietta, GA
7,846 posts, read 14,891,879 times
Reputation: 3512
Quote:
Originally Posted by autre View Post
Oh boo hoo, Gates, Buffet and Winfrey will have to pay their fair share now. Geesh.
Repeat for the mantra repeaters who didn't read earlier in the thread:

"The top one percent of tax filers paid 36.89 percent of 2004 income taxes, while the top ten percent accounted for over two-thirds (68.19 percent) of these taxes. At least part of the increase in taxes paid by the higher percentiles may be related to higher capital gains realizations following the reduction of the capital gains tax rate in 2003."

http://www.house.gov/jec/news/news2006/pr109-94.pdf (broken link)

Who Pays Income Taxes? See Who Pays What

Why don't the bottom 90% of taxpayers pay their fair share?
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Old 03-01-2009, 09:02 PM
 
Location: Pinal County, Arizona
25,107 posts, read 35,224,930 times
Reputation: 4899
Quote:
Originally Posted by autre View Post
Oh boo hoo, Gates, Buffet and Winfrey will have to pay their fair share now. Geesh.

They already have been paying their "Fair" share - sheesshhh
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Old 03-01-2009, 09:04 PM
 
Location: Chicago
38,690 posts, read 89,269,992 times
Reputation: 29451
Quote:
Originally Posted by autre View Post
Oh boo hoo, Gates, Buffet and Winfrey will have to pay their fair share now. Geesh.
Troll. These people probably pay more taxes in a week than you'll pay in your lifetime.
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Old 03-01-2009, 10:16 PM
 
Location: The Planet Mars
2,150 posts, read 2,310,639 times
Reputation: 523
Quote:
Originally Posted by Greatday View Post
They already have been paying their "Fair" share - sheesshhh
Funny, Buffet does not think so - he said that publicly - he disagrees with you...

He said there is something very wrong with our tax system when people like him pay a lower effective tax rate than his secretary does...

Obama realizes this too.
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Old 03-01-2009, 10:44 PM
 
337 posts, read 742,964 times
Reputation: 157
Quote:
Originally Posted by mrbob View Post
Funny, Buffet does not think so - he said that publicly - he disagrees with you...

He said there is something very wrong with our tax system when people like him pay a lower effective tax rate than his secretary does...

Obama realizes this too.
No doubt because he donates and makes his money work for him. All those that actually thing the "rich" will pay more are dreaming.

The only person that will get paid more is the accountant that protect the "rich" person from the tax man.
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