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Old 01-25-2012, 02:17 PM
 
Location: Palm Springs, CA
26,529 posts, read 25,048,007 times
Reputation: 7740

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Taxes have gone down under Obama.

Tax Day Fact Check: Most Americans Got A Tax Cut This Year

The ignorance among some Americans is astonishing. You really think Obama created the tax code we have now? News flash: The President doesn't create the tax code; Congress does.
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Old 01-25-2012, 06:42 PM
 
Location: Long Island (chief in S Farmingdale)
19,046 posts, read 15,508,400 times
Reputation: 3960
Quote:
Originally Posted by southbel View Post
But history disagrees with you. When taxes have been lowered, revenues have increased. In particular with capital gains taxes. Those 1% that you want to raise taxes on, the Buffetts of the world, they're paying capital gains taxes.
Clinton raised taxes on the wealthy. During his eight years in office tax revenues increased at the highest rate for any President. Bush cut taxes on the wealthy, and the increase in federal revenues was the lowest for any President.
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Old 01-25-2012, 06:47 PM
 
Location: Bella Vista
2,472 posts, read 3,393,602 times
Reputation: 2197
Quote:
Originally Posted by Roadking2003 View Post
Romney and Buffet don't make the rules.
neither does obama.

people really don't understand how our country works.

If you have a problem with the taxes you have to pay blame congress. Or better yet blame Romney and others who pay millions to lobbyists so that people like him can enjoy their tax cuts while you pay half your commission to the government.

The OP acts as though Obama is going to take his money and have a lavish night on the town. Obama had nothing to do with the amount of taxes you paid.
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Old 01-25-2012, 07:05 PM
 
Location: Old Town Alexandria
14,505 posts, read 23,797,433 times
Reputation: 8838
Quote:
Originally Posted by Back to NE View Post
Seriously, who should you be mad at? Obama is trying to look out for middle-class chumps like you. The GOP trys to obstruct him at every turn.
Seriously. Congress is to blame. And its both R's and D's.

During 2005-06 the federal tax I had taken out was really a rude awakening- the middle class is STILL paying for four useless wars.
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Old 01-25-2012, 07:05 PM
 
27,903 posts, read 34,483,946 times
Reputation: 4031
You? Short of automatically setting up payments to the IRS, preemptively, I just did my taxes and owe a stupid a** amount of taxes.

Now I get to hear about all the people with 15 dependents getting $1,000's back (that they never even paid into) because they decided to reproduce and become dependent on the state.
Quote:
Republicans believe every day is the Fourth of July, but the democrats believe every day is April 15
~Reagan~

Nothing like subsidizing irresponsible behavior in a democracy.
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Old 01-25-2012, 07:11 PM
 
Location: Old Town Alexandria
14,505 posts, read 23,797,433 times
Reputation: 8838
Quote:
Originally Posted by EinsteinsGhost View Post
^ This is the kind of argument that can only come from target audience to politicians I can't stand.
lol.

Why are people talking about Buffett...he has nothing to do with anything. ah, right wing logic, I guess. Deflect and strawman.
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Old 01-25-2012, 07:18 PM
 
Location: NC
586 posts, read 516,392 times
Reputation: 276
Quote:
Originally Posted by workingclasshero View Post
at the end of the year you will get nearly all of it back anyhow

so you will END UP paying nearly 0% in taxes

are you REALLY complaining????
No. I also get commission checks and made about $23k more than the OP stated so far ($50k salary and $23k in bonuses). I ended up paying around $12k in fed taxes (another 9k in SS, Medicare and State taxes) throughout the year.

I am getting back $70.00 from fed and owe $150 to the state.

I dont see the OP getting back "nearly all" of that money.
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Old 01-25-2012, 09:28 PM
 
674 posts, read 1,019,425 times
Reputation: 562
Quote:
Originally Posted by Smash255 View Post
Clinton raised taxes on the wealthy. During his eight years in office tax revenues increased at the highest rate for any President. Bush cut taxes on the wealthy, and the increase in federal revenues was the lowest for any President.
Correlation is not causation.

Clinton was in office during the rising effects of various government propped up "bubbles" while Bush took over during the time that these bubbles "popped". It was just bad timing, both would have done the same things in each other's shoes. Bush and congress tried to prop up the housing market in order to try and offset the downtrend of the other bubbles bursting, which did fight off the correction a little while, but ultimately the housing bubble burst as well and just caused a deeper recession (the market correcting itself).

You can't underestimate the power of the free market. Whether you try to control it through economic planning or not, it will have it's corrections one way or the other. However, unregulated and un-propped up markets will allow for a steady economic growth which all can prosper under. It's when the corporatocracy and fascist state allows for propping of markets and causing bubbles that the elite benefit from, and it's the elite that get out right before it pops, and it's the elite that get the bailouts from the federal government when they see the hardship. It's not the average american citizens that get the bailout.
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Old 01-25-2012, 09:32 PM
 
20,976 posts, read 16,289,012 times
Reputation: 10270
Quote:
Originally Posted by Chi-turtle View Post
Mitt Romney and Warren Buffet are paying like 15% in taxes, yet being a hard-working sales rep in a competitive cut-throat industry I finally have a big sales month where I was "paid" $15,000 in commissions. Yet, when I get my paycheck on Friday it says $8200. Thanks Obama for letting me keep 53% of my hard earned income.

Because I'm commissioned, companies in my industry only pay us like $35,000 for a base salary/draw and I rely on commission as a big part of my income. After a year of hard work and making very little commission (new to the company, tough economy) this is the first real big paycheck I've been able to make in the first full year.....and Obama took half of it.

United States of America = Fail
Get better at what you do.

How are taxes obama, romney or buffett's fault?

For future reference, take a bigger weekly draw....bonus checks are taxed big time, as you found out.

Don't worry though, with a sales job come many, many write offs.
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Old 01-26-2012, 07:02 AM
 
9,738 posts, read 8,074,071 times
Reputation: 6348
Quote:
Originally Posted by Smash255 View Post
Clinton raised taxes on the wealthy. During his eight years in office tax revenues increased at the highest rate for any President. Bush cut taxes on the wealthy, and the increase in federal revenues was the lowest for any President.
Baloney. You can confiscate 100% of the earnings of the wealthy and you still would not put a dent in the deficit. Once all their money is gone what are you going to do next year?
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