Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I'm saying you were WRONG when you said they were not calculated for the DEBT
Do you even know the difference between DEBT and DEFICITS?
Fail again.. The 1920 tax cuts resulted in massive economic prosperity in the country, (ever hear of the roaring 20's), and when the tax rates were again increased in the 1930's, we ended up with the great depression of 1937.. Was this the period of time you proclaimed was so wonderful?
But yet again, you are now displaying that you dont comprehend the difference between a deficit, and a debt, and taxes on income, vs taxes on wealth, but now you are adding into the things you dont know, the idfference between a marginal tax rate, and an effective tax rate..
You shouldnt have stopped at your first error so I wouldnt have to keep embarassing you..
Do you realize governments own reports say that the nation should be taxed at 17% of GDP in order to maximize federal tax dollars? Anything over that reduces federal tax income
????
When was the Great Depression? Wow, I thought you at least some knowledge. But, carry on in that alternate world.
President Barack Obama proposed a debt-cutting plan on Wednesday that calls for $4 trillion in deficit reduction over 12 years, along with an automatic trigger for spending cuts and tax increases if targets to rein in the deficit aren’t met.
While calling for an additional $2 trillion in spending cuts beyond his most recent budget, the president proposed no new tax or revenue proposals, though he stood by his long-stated plan to allow the Bush-era income tax rates to expire. That approach may dampen some Republican criticism of him but is certain to anger liberals who object to additional cuts in government services without parallel tax hikes.
The top tax rate would be cut by 12 points. It's a common sense proposal, and I'd be surprised if Republicans opposed it since it contains many of their own proposals too. A lot of common ground. As a matter of fact if you take the bi-partisan plan from November, and Ryan's plan and this one, there is a LOT of common ground. I think they will agree on something soon. They just need to put the credit taking and finger pointing to rest.
Last edited by Finn_Jarber; 04-13-2011 at 05:55 PM..
wow obamy would TRY to cut 4 trillion over a 12 year span..meaning 1 trillion every three years.....meanwhile we a CURRENTLY, in this current year 1.5 trillion in DEFICIT above what we bring in
cut EVERYTHING back to 2004 levels (about 20-25%)
he should be cutting 15 trillion in the 12 year span...liberals never get it...its the spending
The top tax rate would be cut by 12 points. It's a common sense proposal, and I'd be surprised if Republicans opposed it since it contains many of their own proposals too.
It's only common sence if you have no common sense.. He plan will destroy the economy more than he alread has, and that is exactly what he wants to do..!!
He's a dirty SOB and will not stand a change of re-election
????
When was the Great Depression? Wow, I thought you at least some knowledge. But, carry on in that alternate world.
Sorry, was doing something else at the same time, but you ahve YET to substantiate what made these periods with 90% tax rates so wonderful, and my error doesnt change the fact that the wars DID add to the debt, despite your claims they were hidden.. I was wrong once, you constantly..
Not only did I check them, but I posted them.. telling me to check them is meaningless unless you can tell me where they were incorrect..
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
