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President Obama Cut Taxes for Almost All Working Americans
Ronald Reagan Tripled the National Debt
George W. Bush Doubled the National Debt
Reagan Raised Debt Ceiling 17 Times, Bush Seven
Tax Cuts Don't Pay for Themselves
Almost All Working Americans Pay Taxes
The GOP's "Job Creators" Don't Create Jobs
Low Capital Gains Taxes Fuel Income Inequality...
...But Not Investment
The Estate Tax Has Virtually No Impact on Family Farms and Businesses
Income Inequality Has Reached an 80 Year High...
...While the Federal Tax Burden Has Hit a 60 Year Low
Romney-Ryan Plan Another Massive Tax Cut Windfall for the Wealthy
Romney, Ryan Won't Say Which of the $1 Trillion in Tax Breaks GOP Will End
Romney-Ryan Will Add More Debt Than President Obama
From the impartial organ entitled crooks and liars.
Please.
Would you like me to bring out a huge list of half truths as well.
-How about Clinton's repeal of Glass-Steagall fueled the recession
-Clinton ramped up community reinvestment which mandated banks to UN-redline areas causing poor underwriting for mortgages.
-Unemployment hasn't gotten below 8% in over 40 months
-More Americans than ever are on Food Stamps
-Almost all working americans pay taxes................sales taxes.
-Romney Ryan have listed plans to cut the deficit more significantly than Obama.
-The bottom 50% of federal tax payers pay less than 2 cents of every dollar while the top 10% (incomes over 112k) pay over 70 cents of every dollar
-Social Security and other entitlements eat up over 7% of our GDP and continue growing.
-Obama didn't cut anything...he continued cuts from Bush
-The Greek/Spanish/Italian/French system is what we are heading towards under the administration's guidance. Are you familiar with the term soverign debt crisis. Yes Bush added to it substantially but Obama hasn't done anything to curtail it. He's only emphasized plans that are temporary band-aids. He hasn't proposed anything concrete that will work. Our entitlement state is too big, our outlays far outweigh our revenue, and the only solution democrats have offered is raising taxes on those who already pay an overwhelming majority. Does that seem fair?
It's easy to generate a list...and these are just off the top of my head.
President Obama Cut Taxes for Almost All Working Americans
Ronald Reagan Tripled the National Debt
George W. Bush Doubled the National Debt
Reagan Raised Debt Ceiling 17 Times, Bush Seven
Tax Cuts Don't Pay for Themselves
Almost All Working Americans Pay Taxes
The GOP's "Job Creators" Don't Create Jobs
Low Capital Gains Taxes Fuel Income Inequality...
...But Not Investment
The Estate Tax Has Virtually No Impact on Family Farms and Businesses
Income Inequality Has Reached an 80 Year High...
...While the Federal Tax Burden Has Hit a 60 Year Low
Romney-Ryan Plan Another Massive Tax Cut Windfall for the Wealthy
Romney, Ryan Won't Say Which of the $1 Trillion in Tax Breaks GOP Will End
Romney-Ryan Will Add More Debt Than President Obama
Your list is a farce, and very evident that you know absolutely nothing about how your own government functions.
Presidents do not increase or reduce taxes.
Presidents do not increase or reduce the national debt.
Presidents do not enact budgets or laws.
Everything you attribute to a President is actually performed by Congress. It might help your credibility if you were not so civically illiterate. Get a clue.
President Obama Cut Taxes for Almost All Working Americans
Ronald Reagan Tripled the National Debt
George W. Bush Doubled the National Debt
Reagan Raised Debt Ceiling 17 Times, Bush Seven
Tax Cuts Don't Pay for Themselves
Almost All Working Americans Pay Taxes
The GOP's "Job Creators" Don't Create Jobs
Low Capital Gains Taxes Fuel Income Inequality...
...But Not Investment
The Estate Tax Has Virtually No Impact on Family Farms and Businesses
Income Inequality Has Reached an 80 Year High...
...While the Federal Tax Burden Has Hit a 60 Year Low
Romney-Ryan Plan Another Massive Tax Cut Windfall for the Wealthy
Romney, Ryan Won't Say Which of the $1 Trillion in Tax Breaks GOP Will End
Romney-Ryan Will Add More Debt Than President Obama
Anyone smart statisticians can play magic with set of data.
None of the "facts" the article provide put the source of the problem, government spending. When government spending, it cause inflation for all of us. Inflation and high tax are the reason why the middle class is shrinking.
Let takes Estate Tax as an example:
If nothing is done by the end of the year, the Estate Tax will go back to $1,000,000. A home owner in California and New York City work $1,000,000.
So let say a couple work bought a building in a Lower East Side (a ghetto neighborhood) of NYC in the 1990 for $100,000 and fast forward to 2013 (next year), they passed away. LES, as we know it know, it is no longer ghetto, and the building is now worth $3,000,000. Assume the couple has no other access.
Let's not talk about inflation and assume they are all real dollar:
Federal and NY estate tax exclusion is $1,000,000, so that mean $2,000,000 will be taxed at the estate tax
Since the couple has no other access, the heirs will have to sell the building
1) Capital gain tax: 32.696% (Federal 20%, NYS 8.82, NYC: 3.876%)
Assume you able to sell the building for $3,000,000. (in reality it is a lot less due to a fire sales), so after the capital gain tax of 32.696%, you will end up with $2,019,120
After capital gain tax: $2,019,120
2) Estate tax on the $2,000,000
Federal: 55%, NYS: 10 (6% to 16%)
After estate tax: 900,000
So the 3 millions estate after tax is only left with $900,000. This $900,000 hasn't cover the fee for your lawyers, brokers, accountant and other professional service. And this is the best scenario.
President Obama Cut Taxes for Almost All Working Americans
Ronald Reagan Tripled the National Debt
George W. Bush Doubled the National Debt
Reagan Raised Debt Ceiling 17 Times, Bush Seven
Tax Cuts Don't Pay for Themselves
Almost All Working Americans Pay Taxes
The GOP's "Job Creators" Don't Create Jobs
Low Capital Gains Taxes Fuel Income Inequality...
...But Not Investment
The Estate Tax Has Virtually No Impact on Family Farms and Businesses
Income Inequality Has Reached an 80 Year High...
...While the Federal Tax Burden Has Hit a 60 Year Low
Romney-Ryan Plan Another Massive Tax Cut Windfall for the Wealthy
Romney, Ryan Won't Say Which of the $1 Trillion in Tax Breaks GOP Will End
Romney-Ryan Will Add More Debt Than President Obama
Facts can be manipulated. For example Reagan and Bush tripling and doubling the national debt respectively. Obama has increased the debt more in his 3 1/2 years than Bush did in 8 years of office. Those are the facts as well.
The OP was some sort of obamaworld chant composed of random notes taken out of context to favor political advantage.
Out of context info not relevant.
Obama is a disaster and has done his best to destroy our economy. Spin it al you want, Obama has no financial acumen, make no mistake. His policies are the the result of his advisors. Like tax cheat geithner, and about to be convucted corzine.
If you think Solyndra was a shining moment for Obama God bless the USA.
President Obama Cut Taxes for Almost All Working Americans
Ronald Reagan Tripled the National Debt
George W. Bush Doubled the National Debt
Reagan Raised Debt Ceiling 17 Times, Bush Seven
Tax Cuts Don't Pay for Themselves
Almost All Working Americans Pay Taxes
The GOP's "Job Creators" Don't Create Jobs
Low Capital Gains Taxes Fuel Income Inequality...
...But Not Investment
The Estate Tax Has Virtually No Impact on Family Farms and Businesses
Income Inequality Has Reached an 80 Year High...
...While the Federal Tax Burden Has Hit a 60 Year Low
Romney-Ryan Plan Another Massive Tax Cut Windfall for the Wealthy
Romney, Ryan Won't Say Which of the $1 Trillion in Tax Breaks GOP Will End
Romney-Ryan Will Add More Debt Than President Obama
now please tell us how much the democrats have stolen from the people in the form of social programs including socialized security, medicare, medicaid and the forever war on poverty .
please also remind the people how much money that democrats have stolen from socialized security after a democrat controlled congress to open the trust fund to the general fund.
now since the dear leader is defunding social security, what will happen to all those IOU's that congress and the fedgov owe to those people who paid into the social security trust fund................
somehow i dont think you will have a good enough answer.
Facts can be manipulated. For example Reagan and Bush tripling and doubling the national debt respectively. Obama has increased the debt more in his 3 1/2 years than Bush did in 8 years of office. Those are the facts as well.
Obama counts the wars.
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Thanks for posting
