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You're smart, you felt the need to do the math and delivered it with chest thumping to go with it.
Or, you could have just said... deductions as being one? But thank you for helping prove my point anyway. These people barely make enough, or do they just have too low of income tax rate that they fall under the baseline and either pay nothing or get back? Now, I'm sure you also know that plenty of millionaires end up being a part of the group that doesn't pay federal income tax. No?
Incomes that fall into this category range up to $45,000 pa for singles.
And no, it is not deductions, it is tax credits..
I propose a legitimate taxation system and all you can do is insult?
Note I said ALL INCOME FROM ALL SOURCES INCLUDING WAGES, BONUSES, STOCKS, DIVIDENDS, INTEREST, PROFIT ON REAL ESTATE SALES, INHERITANCES AND ANY OTHER SOURCES I MAY HAVE NOT MENTIONED.
You propose stupidity that is an insult to intelligence and morality. Fall off of that high horse bucko.
I think you should keep your fantasies to self when responding to others. Having said that, you talk big using such words as "deserve". Who or what decides what one deserves? Although, I'm pretty sure you speak from experience, and that you've never thought... I deserve more/better?
I think you should keep you pipe dreams to yourself when responding to others. Having said that, "deserve" is determined by..........THE MARKET, whichis another way of saying every man, woman and child involved in the production, purchase and consumption of the product or service. It is the combined wisdom of all those "skin-in-the-game" players.
Wow. How so many blindly trust the government, especilly Obama, with more money even if it is from the "rich" is beyond me. What has Obama done positively with his access to our cash in the last 2 years. He's increased spending exponentially compared to 2008, yet the economy is in the sh*tter and is getting WORSE. UE benefits are running out and we are broke. Yet you people want to give more money to a guy with a record like that. Why??
Or is that his excuse for not allowing spending cuts? Seems like this whole debt crisis would be over if we had a new president who was able to control spending. You really have to wonder why, by his own admission, he does something that could single handedly take down his presidency.
What is this guy hiding? What is his obsession with taxing the rich? The rich and corporations already pay the most income taxes by far than any other group and there isn't nearly enough money to make a dent in the defecit.
What is his issue with taxing himself and most of his friends? You'd feel better if he was lowering the taxes of his buddies? I'll actually be impacted by his tax changes. It will make little difference in my life. Lowering social security payments 10% to a little old lady who can barely feed herself will have a massive impact on her life. That's the difference.
Quote:
He's increased spending exponentially compared to 2008, yet the economy is in the sh*tter and is getting WORSE.
The bulk of the 'spending' is just people using programs that have been in place for a long, long time. Those programs were in place when Republicans had full control of the House, Senate and Presidency and they didn't change them. The huge deficit is made up mostly of decreased taxes and increased spending due to the state of the economy.
I feel sorry for you that you don't know enough to see that. Perhaps instead of writing angry posts on the internet, you could hit the library and start reading some books on economics.
Wow. How so many blindly trust the government, especilly Obama, with more money even if it is from the "rich" is beyond me. What has Obama done positively with his access to our cash in the last 2 years. He's increased spending exponentially compared to 2008, yet the economy is in the sh*tter and is getting WORSE. UE benefits are running out and we are broke. Yet you people want to give more money to a guy with a record like that. Why??
Because he's a stupid Democrat, who like 99% of the rest of them, doesn't understand the correlation between tax rates & tax revenues; raise the former, and the latter collapses like mad, as several governors have found out over the years, most recently in Maryland.
Because two reson that are for one pruose. he knows that he has epnt himslef into a real corner in his defcit increased per cantages. he wants to raise taxes to ehlp get out but he alos needs over in makig a deal to cuts without take the blame hit he would fif he did it.At the mosr republicans can just offer to raise the debt ceiling ;no taxes or no cuts and leave him to stew.The same situation is what has keep democrats from having passed a budget even when they had full control.
Who else is he going to get money from ...he won't dare go after corporates.
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