Senate GOP pledges to block all bills

[BostonPirate]

That isn't what the citation I've provided says. It says that the top 19% actually pays 37% of all the income taxes. Perhaps you have a citation that proves me wrong?

perhaps you have a link that works so I can read the entire article???

 

[jackoroe]

perhaps you have a link that works so I can read the entire article???

Cut and paste it.

 

[opinterph]

perhaps you have a link that works so I can read the entire article???

American Enterprise Institute​

 

[justapixel]

I think capital gains are badly undertaxed. I'd want to go for a 50% rate.

http://www.treasurydirect.gov/govt/resources/faq/faq_publicdebt.htm#DebtFinance

You can send your extra tax to this address:

You can write a check payable to the Bureau of the Public Debt, and in the memo section, notate that it's a Gift to reduce the Debt Held by the Public. Mail your check to:

Attn Dept G
Bureau of the Public Debt
P. O. Box 2188
Parkersburg, WV 26106-2188

Please let the board know how much you sent.

 

[Centexfarmer]

American Enterprise Institute​

Ah yes!

The American Enterprise Institute.

Just one of many "conservative think tanks."

And here we were being taught during the 20th Century, and during the "Cold War" to worry about Marxists, Communists, Socialists, and Anarchists.

While it's been apparent all along that is been the wealthiest amongst us, the most privileged, the blue bloods of World History that have been the most oppressed.

Thankfully we have the 21st Century GOP to make sure that their interests are fully represented within the American Plutocracy!

It's amazing that they'll support a 700 billion dollar bail out of Wall Street that costs the American Taxpayers about $25 Million dollars a person (give or take), but they can't support extending un-employment benefits complaining that the Democrats haven't figured out a way to "pay for it," while at the same time are demanding an extension of the Bush Era tax cuts, to the tune of 700 billions dollars, but aren't interested in figuring out how they're going to pay for that.

cut and paste

 

[BostonPirate]

thanks opinterph. that clears a whole lot up. first of all the author is part of the heritage foundation, so there is a conservative agenda being promoted there during an election cycle, that article being written in 2007, over three years ago.

now for reality

heres your visual aid...

http://www.cbpp.org/cms/index.cfm?fa=view&id=3220

income gains HAVE to match or remain lower than tax rates or wealth is redistributed to the top tier of the tax payers.

It is a basic tenet of the economics of taxation.

these are the people that tend to not spend more money when they make more, because frankly, the needs of someone with one billion is about the same as the needs of someone with about 40 billion.

so that wealth gets stuck and becomes stagnant. Its dead money basically that can have no effect on the system, and that can't happen, or the system will collapse, you know, like it in fact IS COLLAPSING right now.

do the math... if those people you are talking about gained an increase in the gross national wealth of 95 percent..... in the time period you are thinking of.... and paid 37 percent of the taxes, then you have a sick economy.

it means that they are paying less of the amount they are gaining somehow. That means that they have a negative tax load.

 

[Centexfarmer]

I mean don't get me wrong.

Maybe I'm a little confused.

The way that I understand it is that Obama is suggesting that we return to Tax Code that we being used under Clinton, and prior to Bush's "tax cuts."

Remember Clinton?

POTUS #42, when the GOP controlled both houses of Congress?

Suddenly the GOP wants to make sure that their financial donors are protected before they do anything that might remotely affect anyone that isn't a registered Republican.

I'm just saying.

 

[jackoroe]

The article, no matter who it was written by, uses the IRS as his source. Here is the chart of who pays what in income taxes from the IRS. This is reality.

 

[BostonPirate]

I mean don't get me wrong.

Maybe I'm a little confused.

The way that I understand it is that Obama is suggesting that we return to Tax Code that we being used under Clinton, and prior to Bush's "tax cuts."

Remember Clinton?

POTUS #42, when the GOP controlled both houses of Congress?

Suddenly the GOP wants to make sure that their financial donors are protected before they do anything that might remotely affect anyone that isn't a registered Republican.

I'm just saying.

the deficits began with the bush tax cuts that are expiring. it will even out again only if the tax rates are reestablished and spending is cut.

absolutely. we HAVE to get the deficit down before the interest on the national debt overtakes our tax income.

If we don't then we will be stuck in a greece like spiral. Our bond rating internationally will be reduced, and THAT will balloon the debt even further.

 

[jackoroe]

In fact, it's gotten worse over the years since 2004. In 2007, the top 1% paid over 40% of the income taxes.

http://www.ntu.org/tax-basics/who-pays-income-taxes.html

 

[BostonPirate]

The article, no matter who it was written by, uses the IRS as his source. Here is the chart of who pays what in income taxes from the IRS. This is reality.

thats not an answer.

 

[Centexfarmer]

The article, no matter who it was written by, uses the IRS as his source. Here is the chart of who pays what in income taxes from the IRS. This is reality.

Let's take a closer look at that:

If I'm reading that correctly, the 25% or more pays more in Federal Income tax than they actually make in "income?"

 

[Supersix]

Supersix, whoever said that only rich Republicans pay more tax?

I don't think anyone in here has suggested that.


December 2nd, 2010, 02:18 AM #63
BostonPirate
In the face of HIV
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Re: Senate GOP pledges to block all bills

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Quote:
Originally Posted by JohannBessler
Never mind that we (the US) have bills to pay.

Hell! Why don't we just get it over with, and let the rich keep all of their money!
Let the poor and middle class pay the taxes. They've had a free ride all these years anyway!

hey Johann.. long time no see!

I agree dead on.....

The wealthy have been ducking out and not paying taxes for a LONG LONG time. There are shelters and deductions for everything. When Carly Fiorino ran H-P she took farm subsidies for NOT growing vegetables on the front lawn of the business headquarters.

And the filth just rolls on and on... as the republicans filibuster for this lot, there are troops that need to be armed, unemployed that need unemployment payments, treaties that need to be passed...

all are less important than that tax break for the top 2 percent of america

 

[BostonPirate]

In fact, it's gotten worse over the years since 2004. In 2007, the top 1% paid over 40% of the income taxes.

http://www.ntu.org/tax-basics/who-pays-income-taxes.html

yes and they made a 280 percent gain in income after taxes.

If the tax system was equitable, then that should NOT have been possible. Thats what the Bush tax cuts did.

 

[BostonPirate]

Let's take a closer look at that:

If I'm reading that correctly, the 25% or more pays more in Federal Income tax than they actually make in "income?"

he is talking about income versus income tax payment.

I am talking about income after tax payment gains versus gross taxation rates.

 

[Centexfarmer]

thats not an answer.

I'm sorry.

What was the question?

I was listening to NPR today eek: I know right?), they said that the GOP Leadership in the Senate stated that they wouldn't be voting for anything unless the Democrats agreed to extend the Bush Tax Cuts, and spending measures to ensure that the U.S. Government continued to operate.

This is a nuanced discussion of those issues.

Perhaps if you would like for this thread to remain specifically on ONE topic, you could pick a single "bill" that might be blocked for discussion.

 

[BostonPirate]

I'm sorry.

What was the question?

I was listening to NPR today eek: I know right?), they said that the GOP Leadership in the Senate stated that they wouldn't be voting for anything unless the Democrats agreed to extend the Bush Tax Cuts, and spending measures to ensure that the U.S. Government continued to operate.

This is a nuanced discussion of those issues.

Perhaps if you would like for this thread to remain specifically on ONE topic, you could pick a single "bill" that might be blocked for discussion.

yeah

that would have been nice about seventy posts back.

Mods call the shots and we follow.

this is about the tax cut passage before any other bill.

 

[Centexfarmer]

yeah

that would have been nice about seventy posts back.

Mods call the shots and we follow.

this is about the tax cut passage before any other bill.

Yeah good luck with that.

 

[BostonPirate]

Yeah good luck with that.

you dont enjoy herding cats? ha!!!

I cant get Jack to understand the standard model for tax equity that keeps an economic system operating.

He is throwing statistics at the wall without understanding what they really mean, seeing what will stick. But really, thats how republican economists have been doing it since Bush one muttered the words "Voodoo Economics".

 

[jackoroe]

yes and they made a 280 percent gain in income after taxes.

If the tax system was equitable, then that should NOT have been possible. Thats what the Bush tax cuts did.

The percentage of income gain is completely irrelevant. Whether or not the tax system is equitable (and I would argue it isn't because the bottom 40% pay nothing at all) is not the issue. The percentage of income taxes paid by each income group is the matter at hand. The rich pay most of the income tax in this country, that's a fact.