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Old 05-16-2012, 12:21 PM
 
Location: Point Hope Alaska
4,320 posts, read 3,678,902 times
Reputation: 1146

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Well this sure is news to me!

The President spoke at a social media town hall event in California today, answering questions from the public. "Right now, we’ve got the lowest tax rates we’ve had since the 1950s. And, some of the Republican proposals would take it back as a percentage of GDP back to where we were back in the 1920s. You can’t have a modern industrial economy like that."


What kinda of drug cocktails do they feed this guy daily???
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Old 05-16-2012, 12:27 PM
Status: "Trump: Inept, Incompetent, Insecure" (set 1 day ago)
 
10,504 posts, read 6,199,370 times
Reputation: 7232
I'm sure it is news to you.

National Taxpayers Union - History of Federal Individual Income Bottom and Top Bracket Rates
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Old 05-16-2012, 12:32 PM
 
Location: Blankity-blank!
11,449 posts, read 14,308,172 times
Reputation: 6904
Americans already pay 52% of their income in taxes. Obama and his marxists want to raise that 75%.
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Old 05-16-2012, 12:34 PM
 
69,372 posts, read 55,471,219 times
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Quote:
Originally Posted by legalsea View Post
What isnt new, is the number of people that confuse marginal tax rates, and effective ones like you just did.
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Old 05-16-2012, 12:47 PM
 
31,385 posts, read 32,081,824 times
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Quote:
Originally Posted by pghquest View Post
What isnt new, is the number of people that confuse marginal tax rates, and effective ones like you just did.
Well then take your pick.



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Old 05-16-2012, 12:49 PM
 
69,372 posts, read 55,471,219 times
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Quote:
Originally Posted by ovcatto View Post
Well then take your pick.
The 1st one is the marginal tax rate and meaningless, and the 2nd one ended 5 yeas ago..
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Old 05-16-2012, 12:50 PM
 
Location: Florida
62,984 posts, read 34,302,543 times
Reputation: 10457
Quote:
Originally Posted by SityData View Post
Well this sure is news to me!

The President spoke at a social media town hall event in California today, answering questions from the public. "Right now, we’ve got the lowest tax rates we’ve had since the 1950s. And, some of the Republican proposals would take it back as a percentage of GDP back to where we were back in the 1920s. You can’t have a modern industrial economy like that."


What kinda of drug cocktails do they feed this guy daily???
Taxes are VERY low, and that is the largest reason for out mounting deficits. We need to cut spending or rates taxes, or both, to get out of this situation.
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Old 05-16-2012, 12:50 PM
 
Location: Los Angeles
14,375 posts, read 7,958,016 times
Reputation: 6636
Quote:
Originally Posted by legalsea View Post
These rates are entirely misleading, and always paraded out by those who want to raise taxes, dismantle deductions, and spend more on social welfare. Would this describe you?

The bottom line is that we are the highest taxed nation on the corporate side, and the 22nd highest taxed on net income. This does not account for state, property, energy, utility, sales taxes...etc. We are a nation of a tax burdened middle class. When these additional taxes are added in, we are right at the bleeding edge of oppression.

Last edited by steven_h; 05-16-2012 at 01:10 PM..
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Old 05-16-2012, 12:54 PM
 
Location: Blankity-blank!
11,449 posts, read 14,308,172 times
Reputation: 6904
Quote:
Originally Posted by steven_h View Post
These rates are entirely misleading, and always paraded out by those who want to raise taxes, dismantle deductions, and spend more on social welfare. Would this describe you?

The bottom line is that we are the highest taxed nation on the corporate side, and the 22nd highest taxed on net income. This does not account for state, property, energy, utility, sales taxes...etc. We are a nation of a tax burdened middle class. When these addition taxes are added in, we are right at the top of oppressed.
American corporations already pay 78% in taxes. Big commie government is trying to tax American businesses out of business. Enough is enough!
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Old 05-16-2012, 01:00 PM
 
Location: Point Hope Alaska
4,320 posts, read 3,678,902 times
Reputation: 1146
I am merely posting what the normal Obama-speak is - We have listened to him for 3 1/2 years;

This junior senator usurper of POTUS just refuses to speak the truth!

Please don't blame me - for what this clown says. I'm merely doing my best to expose this fraud based on HIS WORDS.
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