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Yep. I'll believe it when I see it. It's more likely nothing more than a PR ploy in an attempt to at least sound reasonable, because they know they are on the wrong side of the polls on this issue. But as for them actually defying Grover Norquist...I would love to be wrong, but I won't hold my breath waiting for that to happen.
Exactly! They know people are angry with them so it is all talk.
If they can show me a friggen PLAN set in stone that has our economy turned around, jobs back on the right side of the pond, and an END GAME for the tax hike that is coupled with less spending, I'll be happy to throw them 10 grand from my gross. Just friggen take it, for 5 years max. MAKE IT HAPPEN.
...but if they fail, we get massive rebates until the hike is paid off. THAT is the deal I want to see. Make it happen, or pay it back. Then I'm in.
Exactly! They know people are angry with them so it is all talk.
Umm...I think you guys need to listen more closely to Boehner. He's talking about tax code reform, which will increase revenue. Don't think he's talking about raising taxes.
Source - News from The Associated Press (http://hosted.ap.org/dynamic/stories/U/US_DEBT_SUPERCOMMITTEE?SITE=AP&SECTION=HOME&TEMPLA TE=DEFAULT&CTIME=2011-11-02-15-03-16 - broken link)
Interesting.
Has the message of the American people begun to resonate with the good members of the Republican Party?
Well of course you left this little tid bit out.
"The GOP lawmakers joined with 60 House Democrats in the letter, which also called on the supercommittee to keep the door open for savings culled from benefit programs like Medicare, a path opposed by many Democrats. "
It seems the message of the American people has begun to resonate withe the good members of the Democrat party!
Source - News from The Associated Press (http://hosted.ap.org/dynamic/stories/U/US_DEBT_SUPERCOMMITTEE?SITE=AP&SECTION=HOME&TEMPLA TE=DEFAULT&CTIME=2011-11-02-15-03-16 - broken link)
Interesting.
Has the message of the American people begun to resonate with the good members of the Republican Party?
I may be too late but according to what I heard on Fox News Sunday this morning those 40 are along with 60 Democrats. It is interesting that as long as the parties don't go head long against each other, the Republicans are wrong.
Federal taxes are the lowest they've been in 80 years.
Want "real" spending cuts? If we cut all discretionary spending we'll still have a deficit. So obviously spending cuts aren't the answer. Well, "Retired Marine 1967," think of the federal budget as a large insurance company with an army. Want to cut veteran benefits? Want to cut benefits for the elderly? Want to cut major defense spending? Those are the only areas that make any meaningful reduction without raising taxes.
Remember, we were able to pay for all of these things under Clinton tax-rates.
that would be incorrect
Today, the top income tax rate is 35 percent, starting at $373,650 for individuals and couples. By contrast, during the eight years of the Eisenhower presidency, the top rate averaged roughly 90 percent, typically hitting individuals making $200,000 a year or couples making $400,000 a year. In 2010 dollars, that's equivalent to $1.6 million for an individual and $3.2 million for a couple.
The tax burden for 2010 is 26.9 percent, up slightly from the 2009 tax burden of 26.6 percent. but, Under Eisenhower, that figure is 24.8 . So by this measurement, the tax burden was lower most of the time under Eisenhower.
then lets look at payroll taxes, in the 1950's payroll tax was 1.5%, today its 7%(double that for the self employed)
gas tax in the 1950's=0, today it 18.6cents a gallon
Today, the top income tax rate is 35 percent, starting at $373,650 for individuals and couples. By contrast, during the eight years of the Eisenhower presidency, the top rate averaged roughly 90 percent, typically hitting individuals making $200,000 a year or couples making $400,000 a year. In 2010 dollars, that's equivalent to $1.6 million for an individual and $3.2 million for a couple.
The tax burden for 2010 is 26.9 percent, up slightly from the 2009 tax burden of 26.6 percent. but, Under Eisenhower, that figure is 24.8 . So by this measurement, the tax burden was lower most of the time under Eisenhower.
then lets look at payroll taxes, in the 1950's payroll tax was 1.5%, today its 7%(double that for the self employed)
gas tax in the 1950's=0, today it 18.6cents a gallon
What you fail to account for is that the richest Americans don't pay anything close to the top rate, which is a tax on earnings, The richest earn the lion's share of their income from investments, which are taxed at a 15% rate. That's why revenue as a p% of GDP is at such a low:
What you fail to account for is that the richest Americans don't pay anything close to the top rate, which is a tax on earnings, The richest earn the lion's share of their income from investments, which are taxed at a 15% rate.
and in the 50's when the 'rate' was 90%, the ""effective"" rate was lower than today
today the everyone pays more than in the 1950's, and the rich pay much more
the simple fact is the the rich pay more in taxes today then ever
and your statement about higher than the last 80 years is incoreect
1931 (80 years ago) tax taxs (were the same single/maried) 1%-25%, today 10%-35
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Exactly! They know people are angry with them so it is all talk.
