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Who's doing this? Obama just extended tax cuts for all. We're at a lower income tax rate than we've been since the 1920s. How on earth can you sit here and ***** about high taxes when high taxes no longer exist??
Just because the federal withholding tax hasn't been raised, doesn't mean that there haven't been any tax increases.
Ask any smoker how they feel about the .65 cent increase in tobacco products.
There have been too many of these taxes to name.
Please stop judging tax rates today with those of generations past.
We didn't have the high property taxes, high sales taxes, high state income taxes, city wage taxes, FCC taxes....look at your phone bill tax, cable/satellite bill tax, utility bill tax, fuel tax, tire tax, "luxury vehicle" tax, gas guzzler tax, etc.
I pay more money in tax than most people earn.
47% of working Americans pay ZERO federal income tax. How about asking them to pay $100 per year each?
If there's a party whose ideology defies common sense, it's the Democrats; all of the states with the very worst balance sheets have had Democrats in charge for decades.
Start with Obama's home state, then Pelosi's, then Schumer's, and go on from there.
Just ask the businessmen in Illinois how they feel about being told that there is no money to refund them the millions of dollars in state withholding tax that they are owed.
All the while, the unproductive recipient class still get their checks!
As far as I am concerned the top 10% of the population should be taxes based on all their income, (wages, bonuses, capital gains, inheritance, theft etc.), from all sources. As corporations are now legally people this should also apply to them. They should pay for current government operating costs. Additional funds raised by countervailing tariffs and excise taxes on legalized drugs (why should pot smokers avoid paying a tax) would go to debt payments.
In conjunction with stopping our support of the international petroleum cartels and elimination of military aid to the Middle East and elsewhere our budget could be balanced. This is an example of how raising taxes, in the proper manner, would actually eliminate deficits. That would be the best of both worlds. A prosperous middle class free of income tax and a government free of the bloodsucking money lenders.
Lesson 1: Tax receipts is revenue. When someone talks about tax, they're talking about revenue, not loans/borrowed money.
Quote:
Originally Posted by pghquest
Do you now want to compare revenues from 2006 - 2011 under Obama, ignoring everything else taking place, like the recession? I mean hey, if its fair for you to do it to Bush, then clearly you would agree with the same comparison for Obama right?
Why do I need to? But then, it is (almost) 2012, as it has been since Nov 4, 2008, so I can see why you MUST perform your Obama routine several times a day. Perhaps you would prefer the discussion be about Bush versus Obama as opposed to implications of tax cuts on deficits? In that case, you should really pick a different thread because that would be trolling here. Or, perhaps, you've suddenly realized an agreement with the title of the thread that you claimed otherwise yesterday?
The only way to reduce the deficit is to cut and eliminate some taxes entirely.
1) When taxes are increased by 50%, the government increases spending by 200% in anticipation of increased revenue.
2) Higher taxes always result in less revenue being taken in because less taxable economic activity takes place.
So tax increases only cost the government money and add to the deficit, yet liberals constantly tote tax increases as a way to solve the deficit. Of course with liberals the intent of taxes is not so much to fund the government as it is to redistribute wealth. Liberals constantly propose tax increases because they want to steal more of your money. The only way to actually pay down the debt is to stop redistributing wealth and to just fund the government. Either have a flat tax or consumption tax, no more redistribution of wealth. Garnish the salaries of legislators who vote for tax increases. In fact any time a legislator votes for a tax increase, 20% of their salary should be automatically garnished to pay for it. People should have to pay a 20% to vote Democrat since they're the ones who are the best at spending other people's money. People should get tax credits for voting Republican cause at least they're not trying to vote themselves other people's money.
Silly assertions are always silly.
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Raising taxes always increases the deficit
