Top 400 taxpayers paid nearly as much as the bottom 50%. (brainwash, politicians, program)
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Levin shouts down or hangs up on people he can't dominate intellectually. Those he can browbeat get plenty of air time. That's the technique.
You will never see Limbaugh, Hannity, or Levin in a debate not fixed or where they don't control the mike.
Levin was just the outlet where I happened to hear about this. The piece I linked was by an economist named Mark Perry, and the data came from the IRS. If you don't like the data, write your prez...the IRS is under his control.
Levin was just the outlet where I happened to hear about this. The piece I linked was by an economist named Mark Perry, and the data came from the IRS. If you don't like the data, write your prez...the IRS is under his control.
Comparing the dollar amount some pays in taxes is incomplete without knowing what income those taxes were based on. You have that?
Also, when you consider some of the biggest income earners, Paulsen anyone? finding ways to share tax liability, defer and avoid taxation that top 400 construct might be bogus.
Comparing the dollar amount some pays in taxes is incomplete without knowing what income those taxes were based on. You have that?
Also, when you consider some of the biggest income earners, Paulsen anyone? finding ways to share tax liability, defer and avoid taxation that top 400 construct might be bogus.
Sorry, no I don't have it. This is all based on data that the IRS sees fit to release, so complain to them.
I am with you on the loopholes though. That's why I support a simplified tax code, so that those rich enough to afford tax attorneys don't get all the breaks. Not increased complexity like Pres. Obama has consistently favored.
Levin was just the outlet where I happened to hear about this. The piece I linked was by an economist named Mark Perry, and the data came from the IRS. If you don't like the data, write your prez...the IRS is under his control.
No disrespect, but if you read my words you can see they are about Levin period. Aimed at another poster who was extolling his methods.
The link between tax cuts and rising rent costs is well known among real estate professionals (ask any Realtor), and has been understood for a long time.
Tax cuts --> ppl have more money to spend --> aggregate demand increases --> employers create new jobs --> unemployed Junior gets a job --> Junior moves out of Mom's basement and finds his own place to rent --> rental vacancy rates decline --> rents soar.
Would'nt this depend on who actually get the tax cuts? If the cuts were geared towards the middle class I would wholeheartly agree with you, but if they are geared to benefit the wealthy well there was a name for it in the 80's and it was called "voodoo economics" and it did not work then adn has not worked ever since
In January 2001, the Congressional Budget Office (CBO) projected under a current law baseline that the federal government would erase its debt in 2006. By 2011, the U.S. government would be $2.3 trillion in the black.
Quote:
Originally Posted by BigJon3475
You've had easy credit, you've had a tech boom and now you've had a housing boom. What new plan do you have for the economy to grow? Green Jobs? LOL.
The economy is fully industrialized now and the only reason you haven't seen it in worse shape than it already is in terms of UE and the disappearing of social safety nets is we've been borrowing money to keep it "growing." Something you keep repeating we should do because the rest of the world will let us borrow from them until our debt reaches 3,000% of world GDP.
What I keep repeating is that the number one remedy for debt problems is getting the economy back to near full employment and the way to do that is by increasing demand. Slashing government throws more people out of work who then are entitled to more government services that cost money, while also not paying income taxes.
What I keep repeating is that the number one remedy for debt problems is getting the economy back to near full employment and the way to do that is by increasing demand. Slashing government throws more people out of work who then are entitled to more government services that cost money, while also not paying income taxes.
...Which is why we need to slash government welfare programs so that people who are out of work actually make the effort to find work instead of relying on the government...
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