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Old 12-05-2010, 03:40 AM
 
Location: Midwest
38,496 posts, read 25,800,800 times
Reputation: 10789

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Quote:
Originally Posted by amerifree View Post
Do you really expect the wealthy to coddle a tax increase in light of Obama's reckless stimulus? No how brown cow. The dog barks but doesn't decide when to go for a walk.
To whom did Obama's reckless stimulus go to?

Again, it is time to let the tax cuts from a surplus expire.

BTW, the wealthy don't have a choice.
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Old 12-05-2010, 04:34 AM
 
Location: San Diego
2,311 posts, read 2,828,119 times
Reputation: 893
How many jobs did the Bush tax cuts create in the private sector since they were enacted?
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Old 12-05-2010, 06:28 AM
 
1,432 posts, read 1,091,339 times
Reputation: 333
Quote:
Originally Posted by Smash255 View Post
Incorrect. Keep in mind someone making above $250,000 will still benefit from the tax cuts on the portion of income below $250,000. So its only an increase on the portion between $250,000- $300,000, which with a standard deduction and the dependent exemptions is about $280,000. Throw in the 28% bracket being pushed upward, it results in a $767 difference for a family of four making $300,000 with the standard deduction, and a $0 difference for a family of four making $300,000 itemizing $15,000 each in property taxes and other expenses. This comes from the Tax Foundation btw.
I doubt that...I don't have a family of 4 nor currently own a home...but in this circumstance you described. So my taxes would go up ...regardless if it is a few hundered dollars or a $1,000...if I get a tax increase others should too. Bottom line, if 47% of Americans don't pay thant they should not be able to get more credits, nor free services. I don't get an additional 60K of services for what I pay.
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Old 12-05-2010, 06:49 AM
 
Location: Tampa Florida
22,229 posts, read 17,847,737 times
Reputation: 4585
Quote:
Originally Posted by DrJoey View Post
How many jobs did the Bush tax cuts create in the private sector since they were enacted?
About 100,000 per year. Very useful, and how many of those were related to the top 2%, not very many I would guess.
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Old 12-05-2010, 06:51 AM
 
Location: Tampa Florida
22,229 posts, read 17,847,737 times
Reputation: 4585
I am wondering, is Obama going to stick to the line in the sand? No tax cut extensions, period, unless there is UE extentions.
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Old 12-05-2010, 07:33 AM
 
Location: South East
4,209 posts, read 3,588,124 times
Reputation: 1465
Quote:
Originally Posted by HappyTexan View Post
That I would have agreed with. That IS compromise..the give and take of politics so that both sides can live with the outcome.

I'm just in 100% disagreement of declaring $200K/$250K folks "millionaires" because they are not.

I 100% agree with you!!
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Old 12-05-2010, 08:12 AM
 
Location: Foot of the Rockies
90,297 posts, read 120,694,120 times
Reputation: 35920
It's funny (peculiar and hilarious at the same time) how people will argue that their personal circumstances don't make them wealthy, no matter how much they make!
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Old 12-05-2010, 08:23 AM
 
613 posts, read 960,535 times
Reputation: 260
Quote:
Originally Posted by DrJoey View Post
How many jobs did the Bush tax cuts create in the private sector since they were enacted?
Bush On Jobs: The Worst Track Record On Record - Real Time Economics - WSJ

Not good numbers for those that state the tax cuts created jobs and need to be extended for all.
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Old 12-05-2010, 08:32 AM
 
Location: In the desert
4,049 posts, read 2,740,213 times
Reputation: 2483
The Dems will compromise.....tax cuts will get extended for all & the UE benefits will get extended.

ALL of the politicians know that they have to keep the public from unrest & this is the way to do it.

Taking as long as they are to accomplish this is exactly what both parties expected.
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Old 12-05-2010, 08:51 AM
 
69,368 posts, read 64,081,664 times
Reputation: 9383
Quote:
Originally Posted by Smash255 View Post
The 550,000 is the mid range of the 300,000-800,000 that is in the report. The 700,000 is the mid range of the 400,000-1,00,000 that is in the report. All other numbers I quoted are in that report.

Name one number I mentioned that you can't find in the report, I will tell you what page to look on if you need....
btw, the 550,000 you are quoting, is the very SAME figure I quoted. Did you even look at the posting? Here, let me post it again..

568,000 for year 2011.. So you are quote the EXACT same figure I did.. Now look at year 2012, 2013, 2014, and tell me how many jobs are in question?

The 709,000 AGAIN are the average number of jobs over the NEXT 5 years!!! and again, thats the difference between a PARTIAL and a FULL tax cut extension perminantely.
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