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Why are the wealthy hurting so bad that they should be shielded from paying a higher tax rate? What's the matter with them? Can they not be personally responsible enough to keeping their luxury spending under control?
"Revenues fell in Bush's first two years because of a combination of the tech bust and the start of the tax cuts. *But then things took off. After taking in $1.782 trillion in tax revenues in 2003, the government collected $1.88 trillion in 2004; $2.153 trillion in 2005; $2.406 trillion in 2006; and $2.567 trillion in 2007,* *according to figures compiled by the Office of Management and Budget. That's a 44 percent increase from 2003 to 2007.*
I couldn't have asked for a better example of why one should adjust for inflation and a growing population.
So the chart below shows real federal revenue per capita — specifically, revenue in thousands of 2000 dollars per person — since 1993. All data from BEA.
What you see is that there was a huge revenue increase during the Clinton years. There was also the much-touted revenue surge of the later Bush years, but this followed a spectacular revenue plunge earlier. At this point real revenue per capita is only slightly higher than it was at the end of the 1990s. That’s actually abnormal: if there was a surge in economic growth based upon the theory that tax cuts boost the US economy, we should have expected a continuing upward trend in revenues per capita, but we don't.
Overall, the graph suggests that yes, Virginia, cutting taxes reduces revenue and no sign of better economic activity.
I DO NOT support this at all
if folks like Buffet want to pay more in taxes, no one is stopping him!
Hell, all he has to do is write a frigging check!!
And so to be fair about it, why don't you also ask those millions of folks who are not paying federal taxes at all to write a frigging check to the IRS?
And so to be fair about it, why don't you also ask those millions of folks who are not paying federal taxes at all to write a frigging check to the IRS?
Those millions represent tax units making less than 33k a year, many of them families. Raise a family of three on 33k a year. Don't forget to send them to college.
I don't support it. I don't support anything that penalizes a person, specifically a businessman who has built a business from the ground up, for being successful. What right does the government claim to justify such garbage?
Then vote for Ron Paul. He says everyone should have the right to keep 100 per cent of their income away from the federal government. To do that, much government bureaucracy would have to be abolished with the remainder of federal government financed by voluntary donations and things like bake sales and car washes. So one of the most patriotic things you would be doing is getting a car wash.
I think it benefits the whole Country to have a viable Middle Class with growing incomes and associated spending power.
ah growing incomes.....
that's why the MIDDLECLASS gets stuck NOW with the AMT...what was SUPPOSED to be a "tax on the rich"
everytime the liberals institute a new or higher tax...the middleclass gets screwed
why are the fascist liberals so against the middleclass...because progressivism voids the middleclass.....the fascist liberal dream.....2 classes the poor serfs, getting "just enough" entitlements to keep the votes..and the elite rich liberals CONTROLLING THE MASSES
that's why the MIDDLECLASS gets stuck NOW with the AMT...what was SUPPOSED to be a "tax on the rich"
everytime the liberals institute a new or higher tax...the middleclass gets screwed
why are the fascist liberals so against the middleclass...because progressivism voids the middleclass.....the fascist liberal dream.....2 classes the poor serfs, getting "just enough" entitlements to keep the votes..and the elite rich liberals CONTROLLING THE MASSES
That is simply not true. Liberals are not against the middle class and they are not fascists.
Republicans are pushing for the elites, as you put it, they pay little to no taxes, when we know that wealth will never trickle down. Trillions in tax dollars the middle class will never see again. Asking them to pay up, is not fascism. The proposed tax is on millionaires not the middle class. But i gather you will continue with your fear mongering, so carry on
Why are the wealthy hurting so bad that they should be shielded from paying a higher tax rate? What's the matter with them? Can they not be personally responsible enough to keeping their luxury spending under control?
And why should any part of the population who are gainfully employed, albeit perhaps at a lower level of compensation, be excused from paying taxes? Have you heard that 47% of US residents pay ZERO taxes while those of us in the middle/upper-middle do pay - unfairly? Where's the motivation to move economically upwards into the tax-paying portion when you can get a free ride and have the government excuse you from contributing? Yet these same people have a vote in who is elected?
Those millions represent tax units making less than 33k a year, many of them families. Raise a family of three on 33k a year. Don't forget to send them to college.
"The world needs ditch diggers, too." - Judge Snell
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