RE: Poll? Most Americans Want Tax Cuts for the Rich to Expire? (Full Version)

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mnottertail -> RE: Poll? Most Americans Want Tax Cuts for the Rich to Expire? (9/16/2010 1:01:59 PM)

OH, YEAH we have heard that happy horseshit, again and again....They have had for some 10 year and till the end of this year had the break, and the job creation from that money is where?




cuckoldmepls -> RE: Poll? Most Americans Want Tax Cuts for the Rich to Expire? (9/16/2010 1:05:22 PM)

The Congressioanl Budget office, a non partisan agency said that it won't matter whether you raise or lower taxes if you don't control spending first.

Now, why should Congress agree to any increase in taxes on anyone, if they have proven that they are unwilling to control their spending? That doesn't make sense.

What does make sense, is that the more you give them, the more they will demand.




cuckoldmepls -> RE: Poll? Most Americans Want Tax Cuts for the Rich to Expire? (9/16/2010 1:07:49 PM)

Well the job creation has been in China and Mexico of course. What planet have you been living on the past 10 years. It will take some hardcore individuals with real backbone, not people who promise to renegotiate nafta then don't, to cancel nafta, and bring good paying manufacturing jobs back home for our unskilled labor force which we will always have.



Moonhead -> RE: Poll? Most Americans Want Tax Cuts for the Rich to Expire? (9/16/2010 1:11:52 PM)

Don't you find it a bit embarrassing to be complaining about outsourcing with an avatar of the Governor who's spent his term in office asset stripping California?



joether -> RE: Poll? Most Americans Want Tax Cuts for the Rich to Expire? (9/16/2010 1:33:02 PM)

......

There really are some conservatives, that just dont think this stuff out, fully.



CreativeDominant -> RE: Poll? Most Americans Want Tax Cuts for the Rich to Expire? (9/16/2010 2:29:11 PM)

I found this:

From the Tax Foundation:

IRS data shows that in 2007—the most recent data available—the top 1 percent of taxpayers paid 40.4 percent of the total income taxes collected by the federal government. This is the highest percentage in modern history. By contrast, the top 1 percent paid 24.8 percent of the income tax burden in 1987, the year following the 1986 tax reform act. Remarkably, the share of the tax burden borne by the top 1 percent now exceeds the share paid by the bottom 95 percent of taxpayers combined.
 
Those interested in facts and figures from the I.R.S. rather than the "poor me" talking points might want to look at this:

http://www.taxfoundation.org/blog/show/24944.html






mnottertail -> RE: Poll? Most Americans Want Tax Cuts for the Rich to Expire? (9/16/2010 2:32:50 PM)

Fantastic, we now have the sunset for the top two brackets..........20 years hence.



rulemylife -> RE: Poll? Most Americans Want Tax Cuts for the Rich to Expire? (9/16/2010 3:41:20 PM)

quote:

ORIGINAL: cuckoldmepls

What most people don't realize is that rich people are the ones who create jobs in this country by investing their money. If you increase taxes on them, then  less is available for investment in job creation.



First, it is not increasing taxes.  It is the planned expiration of temporary tax cuts.

Second, if these tax cuts caused so much money to be invested for job creation then why do we have high unemployment?



Jeffff -> RE: Poll? Most Americans Want Tax Cuts for the Rich to Expire? (9/16/2010 3:45:00 PM)

Most Americans want the tax cuts repealed but you don't?

In a recent thread you where upset that Obama doesn't listen to most Americans?

Which is it?



DomKen -> RE: Poll? Most Americans Want Tax Cuts for the Rich to Expire? (9/16/2010 8:51:47 PM)


quote:

ORIGINAL: CreativeDominant

I found this:

From the Tax Foundation:

IRS data shows that in 2007—the most recent data available—the top 1 percent of taxpayers paid 40.4 percent of the total income taxes collected by the federal government. This is the highest percentage in modern history. By contrast, the top 1 percent paid 24.8 percent of the income tax burden in 1987, the year following the 1986 tax reform act. Remarkably, the share of the tax burden borne by the top 1 percent now exceeds the share paid by the bottom 95 percent of taxpayers combined.
 
Those interested in facts and figures from the I.R.S. rather than the "poor me" talking points might want to look at this:

http://www.taxfoundation.org/blog/show/24944.html





Since, even with the tax cuts to the highest brackets, the tax rate remains progressive th eonly way to explain this is that more wealth has shifted to the top 1%. That is a very bad thing for the country.



Hippiekinkster -> RE: Poll? Most Americans Want Tax Cuts for the Rich to Expire? (9/16/2010 11:04:23 PM)


quote:

ORIGINAL: CreativeDominant

I found this:

From the Tax Foundation:

IRS data shows that in 2007—the most recent data available—the top 1 percent of taxpayers paid 40.4 percent of the total income taxes collected by the federal government. This is the highest percentage in modern history. By contrast, the top 1 percent paid 24.8 percent of the income tax burden in 1987, the year following the 1986 tax reform act. Remarkably, the share of the tax burden borne by the top 1 percent now exceeds the share paid by the bottom 95 percent of taxpayers combined.
 
Those interested in facts and figures from the I.R.S. rather than the "poor me" talking points might want to look at this:

http://www.taxfoundation.org/blog/show/24944.html




Knowing the % of Fed taxas collected has no meaning, unless one compares it to the % increase in total income the top 1% "earned".

If they pay 40% of the taxes, up from 30% over 20 years, but their income has increased by more than 33%, then their tax burden has DECREASED.

If you investigate further, I think you'll find that that is the case; hence the unconscionable increase in the poverty rate and the destruction of the middle class.

Why do you support the Mellons, Kochs, and others who are a hereditary oligarchy, who want nothing more than to make you completely dependent on their corporations?



truckinslave -> RE: Poll: Most Americans Want Tax Cuts for the Rich to Expire (9/17/2010 1:03:53 PM)

The tax cuts will not expire. 31 House Dims have wrisked the wrath of Wpelosi to go on record against letting them expire.
Raising taxes on employers right now is a good way to cause a double dip recession.



rulemylife -> RE: Poll? Most Americans Want Tax Cuts for the Rich to Expire? (9/17/2010 2:42:51 PM)

quote:

ORIGINAL: CreativeDominant

I found this:

From the Tax Foundation:

IRS data shows that in 2007—the most recent data available—the top 1 percent of taxpayers paid 40.4 percent of the total income taxes collected by the federal government. This is the highest percentage in modern history. By contrast, the top 1 percent paid 24.8 percent of the income tax burden in 1987, the year following the 1986 tax reform act. Remarkably, the share of the tax burden borne by the top 1 percent now exceeds the share paid by the bottom 95 percent of taxpayers combined.
 
Those interested in facts and figures from the I.R.S. rather than the "poor me" talking points might want to look at this:

http://www.taxfoundation.org/blog/show/24944.html






Shocking isn't it?

Imagine those with the most financial resources having to pay most of the taxes.

[image]http://www.mybudget360.com/wp-content/uploads/2009/12/financial-wealth-united-states.png[/image]


(Who Rules America: Wealth, Income, and Power)



truckinslave -> RE: Poll? Most Americans Want Tax Cuts for the Rich to Expire? (9/17/2010 2:47:32 PM)

quote:

Since, even with the tax cuts to the highest brackets, the tax rate remains progressive th eonly way to explain this is that more wealth has shifted to the top 1%. That is a very bad thing for the country.


You mean more income.
The increasing shift in wealth to the upper 1,5. 10% is a slightly different problem; and it is, imo, a problem.



truckinslave -> RE: Poll? Most Americans Want Tax Cuts for the Rich to Expire? (9/17/2010 2:50:14 PM)

Thanx for the pie chart. It seems to be addressing wealth, not income- but in my view that's actually a bigger problem than income.



rulemylife -> RE: Poll? Most Americans Want Tax Cuts for the Rich to Expire? (9/17/2010 3:39:12 PM)

quote:

ORIGINAL: truckinslave

Thanx for the pie chart. It seems to be addressing wealth, not income- but in my view that's actually a bigger problem than income.


Wealth generates income.

But even if you want to look at income alone you will find the numbers very similar:


How Progressive is the US Federal Tax System?


In fact, most of the overall increase in the inequality of income has been driven by
the very top of the income distribution. The U.S. Bureau of the Census reports,
using a somewhat different definition of income than ours, that the top quintile of
the income distribution received 43–44 percent of all income in the 1970s, but this
share had increased to about 50 percent by 2001.

Piketty and Saez (2003) show that
most of the relative income gains for the top quintile have been concentrated
within the top 1 percent—and especially the top 0.1 percent—with relatively
modest gains in the top decile excluding the top percentile (P90–95 and P95–99).


Second, the composition of top incomes has changed substantially. Figure 2 shows
the breakdown into wage income, business income, capital income (including imputed
corporate taxes), and realized capital gains. In the 1960s, top incomes were primarily
composed of capital income: mostly dividends and capital gains. The surge in top
incomes since the 1970s has been driven in large part by a steep increase in the labor
income component, due in large part to the explosion of executive compensation. As
a result, labor income now represents a substantial fraction of income at the top.




Moonhead -> RE: Poll? Most Americans Want Tax Cuts for the Rich to Expire? (9/17/2010 3:49:42 PM)

That's a big white gap.



jlf1961 -> RE: Poll? Most Americans Want Tax Cuts for the Rich to Expire? (9/17/2010 3:50:36 PM)


quote:

ORIGINAL: Moonhead

That's a big white gap.


Maybe it is to represent the gap between the highest income people and the middle class?



Moonhead -> RE: Poll? Most Americans Want Tax Cuts for the Rich to Expire? (9/17/2010 3:52:00 PM)

Maybe.



jlf1961 -> RE: Poll? Most Americans Want Tax Cuts for the Rich to Expire? (9/17/2010 3:53:18 PM)

or he used enter or the space key a hell of a lot



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