Bush: Making the Rich richer

[LaunchHard]

That's absolute bull shit. There is no reason why anyone earning more than $10 million needs any sort of tax break. We study this kind of stuff in my econ class at school. Someone who has that type of cash flow has no need to for a tax brek, nor will they be too thrilled. Whats 500,000 when your annual income is 10,000,000.

I would just like to add that this year, we are supposed to set a new world record for national deficit breaking last years record of 400+ billion and actually breaking into the 500+ billion category.

Our President is an Idiot!!!

[CDeutsch]

On the other hand a lot of those guys pay more taxes a year then some people will pay in their life. Is that "fair"? What is the definition of "fair" when it comes to taxes?

It would be insteresting to see all the numbers on the tax break. Like how much they are already paying. How much this actually costs the US, etc. The article seemed pretty slanted.

I'm guessing this is a drop in the bucket compared to the amount of money that's pissed away on stupid crap (like banning gay mariage, etc).

I do agree though that "Our President is an Idiot!!!". I may not have agreed in the past but it's quite obvious that at best he's not doing much good, and at worst he's doing an awful lot of bad.

[ABV]

Originally Posted by CDeutsch

On the other hand a lot of those guys pay more taxes a year then some people will pay in their life. Is that "fair"? What is the definition of "fair" when it comes to taxes?

I read something a while ago with a figure on that. I think it was something like the top 5% pay 90% of the taxes. I can't remember the actual numbers, but I know it was pretty lopsided. I'll see if I can find it.

[LaunchHard]

Originally Posted by CDeutsch

On the other hand a lot of those guys pay more taxes a year then some people will pay in their life. Is that "fair"? What is the definition of "fair" when it comes to taxes?

This is the question of the ages. How do you determine who should pay what percentage, who should get a break, who should pay more, who should pay less? These are the questions that everyone asks. In my econ class we discussed what would be an equal hitfor different tax groups. Is 18% of $20,000 as eqaully painfull 30% of a $100,000, or whatever the differnet tax brackets are. I'm not talking literal numbers, but does that hit hurt the person earning $100,000 as much as the person earning $20,000. It's a rhetorical question, but it's damn near impossible to determine what an equal hit is to the rich and the poor.

And even though these people pay more annually than others ever pay, do they actually need a tax break, are taxes breaking these peopes' backs, i honestly do not thinks so...

[howslowcanyougo]

Originally Posted by CDeutsch

On the other hand a lot of those guys pay more taxes a year then some people will pay in their life. Is that "fair"? What is the definition of "fair" when it comes to taxes?

It would be insteresting to see all the numbers on the tax break. Like how much they are already paying. How much this actually costs the US, etc. The article seemed pretty slanted.

I'm guessing this is a drop in the bucket compared to the amount of money that's pissed away on stupid crap (like banning gay mariage, etc).

I do agree though that "Our President is an Idiot!!!". I may not have agreed in the past but it's quite obvious that at best he's not doing much good, and at worst he's doing an awful lot of bad.

I'm with you, the Top 1% of Taxpayers pay way more than their FLAT share of Taxes!

What if you have a good idea, work harder, and be sucessfull you should pay a higher PERCENT of taxes?

Be lame, drop out, don't think, don't work hard and you get REWARDED by get a LOWER PERCENT TAX?

That's what is taking the motivation away in America, it just doesn't pay to do what's right and work hard anymore!

Is that "Fair"?

But who realy gets the shaft is the middle to "upper middle", they have all the higher Taxes with none of the lower or higher income level breaks!

Too "Rich" to get student loans for your kids, AFDC, Section 8 and Food Stamps, but too poor to BUY yourself a tax shelter, we are the middle and we are screwed, just "pulling the wagon" for the bottom and the top!


IMHO.....

[TurboDomestics]

Originally Posted by howslowcanyougo

I'm with you, the Top 1% of Taxpayers pay way more than their FLAT share of Taxes!

What if you have a good idea, work harder, and be sucessfull you should pay a higher PERCENT of taxes?

Be lame, drop out, don't think, don't work hard and you get REWARDED by get a LOWER PERCENT TAX?

That's what is taking the motivation away in America, it just doesn't pay to do what's right and work hard anymore!

Is that "Fair"?

But who realy gets the shaft is the middle to "upper middle", they have all the higher Taxes with none of the lower or higher income level breaks!

Too "Rich" to get student loans for your kids, AFDC, Section 8 and Food Stamps, but too poor to BUY yourself a tax shelter, we are the middle and we are screwed, just "pulling the wagon" for the bottom and the top!


IMHO.....

Are you saying that it is worth droping out of high school and being a bum, just to save a few pennies on taxes. Of course not. People are still motivated to make work hard and make money, because they will still make a lot more money by doing so, even if they get taxed more.

I feel that the "poor" people shouldnt be taxed at all, look at the #'s above. The amount of taxes they pay, doesnt make that big of a difference to the government, but it sure would make one hell of a difference to them.

They could tax me (upper middle class) more, because I know that my parents and I wouldnt be affected that much by it.


I dunno, just my opinions.

[iceminion]

Originally Posted by LaunchHard

I would just like to add that this year, we are supposed to set a new world record for national deficit breaking last years record of 400+ billion and actually breaking into the 500+ billion category.

Our President is an Idiot!!!

YES! i shouldnt be too excited because if i remain a resident here I AM gonna be paying that off.