Way to go republicans, way to go.

GoldenRivet · 12-01-10, 01:18 PM

Quote:

Originally Posted by gimpy117

well letting the bush tax cuts expire for the rich would help with the deficit now wouldn't?

guess who wants to get the deficit under control, but at the same time only wants to cut programs instead of asking the uber rich to pony up.

Guess where the jobs for the uber middle class come from?

DING DING DING DING

the Uber rich!

sorry, but as much as both sides claim that they want the government to be funded and the budget to be balanced and the debt to be reduced each has different ways of doing it.

sticking the screws to the Uber rich - even if you taxed them at 99% is not going to reduce the debt.

the alternative is cutting the budget and eliminating some $900,000,000,000 a year in BS

the dems have their answer and the GOP has it's answer to the budget issues...

the GOP wants to, you know... cut the budget. tighten the belt. like responsible families do at home when things get tight. Sometimes you have to give up golf and steak dinners for a while.

the Dems want to leave the budget the same and go across town and simply take money from the guys in the bigger houses and continue to play golf and eat steak.

It just don't work that way.

mookiemookie · 12-01-10, 02:27 PM

Quote:

Originally Posted by GoldenRivet

Guess where the jobs for the uber middle class come from?

DING DING DING DING

the Uber rich!

There is absolutely zero evidence that cutting taxes on the rich does anything to stimulate jobs or economic growth. Zero. None.

AVGWarhawk · 12-01-10, 02:34 PM

Quote:

Originally Posted by mookiemookie

There is absolutely zero evidence that cutting taxes on the rich does anything to stimulate jobs or economic growth. Zero. None.

Is there evidence that taxing them more helps? Keep taxing them. Why bother to improve yourself financially only to be raped of it in the end?

Sailor Steve · 12-01-10, 02:37 PM

"Tax the rich, feed the poor, 'til there are no rich no more..."

Just a song, but after that, then what?

mookiemookie · 12-01-10, 02:42 PM

Quote:

Originally Posted by AVGWarhawk

Is there evidence that taxing them more helps? Keep taxing them. Why bother to improve yourself financially only to be raped of it in the end?

Would you, or anyone you know, turn down a nice raise or a big fat lottery winnings check just because you'd have to pay out a portion of it in taxes?

Didn't think so.

GoldenRivet · 12-01-10, 02:45 PM

I know several people... Myself included, who have made business and personal financial decisions so as to avoid being bumped into the next tax bracket

AVGWarhawk · 12-01-10, 02:59 PM

Quote:

Originally Posted by GoldenRivet

I know several people... Myself included, who have made business and personal financial decisions so as to avoid being bumped into the next tax bracket

August · 12-01-10, 03:03 PM

Well how about we tax mookie and the other folks in favor of ending these tax "cuts" at say 99%. I figure they shouldn't complain since 1% is still better than nothing and there is no solid evidence that it would hurt the economy...

Right?

Sailor Steve · 12-01-10, 02:51 PM

Quote:

Originally Posted by mookiemookie

Would you, or anyone you know, turn down a nice raise or a big fat lottery winnings check just because you'd have to pay out a portion of it in taxes?

Didn't think so.

So you want to use the government to keep a group in line because you feel it's morally right? How is that different from legislating religion?

mookiemookie · 12-01-10, 02:53 PM

Quote:

Originally Posted by Sailor Steve

So you want to use the government to keep a group in line because you feel it's morally right? How is that different from legislating religion?

I was arguing from the standpoint that giving rich tax breaks in the name of stimulating the economy is a philosophy that's based on imagination and not any piece of actual data.

Sailor Steve · 12-01-10, 03:00 PM

Quote:

Originally Posted by mookiemookie

I was arguing from the standpoint that giving rich tax breaks in the name of stimulating the economy is a philosophy that's based on imagination and not any piece of actual data.

Possibly, and I'm not educated enough on the subject to argue effectively, but my opposition is to the idea of government regulation at all, except where absolutely necessary.

And I only have your word that it doesn't work.

AVGWarhawk · 12-01-10, 03:03 PM

Quote:

Originally Posted by mookiemookie

I was arguing from the standpoint that giving rich tax breaks in the name of stimulating the economy is a philosophy that's based on imagination and not any piece of actual data.

Ok, let's argue a different standpoint. Were is the evidence that it does not stimulate growth?

AVGWarhawk · 12-01-10, 03:01 PM

Quote:

Originally Posted by mookiemookie

Would you, or anyone you know, turn down a nice raise or a big fat lottery winnings check just because you'd have to pay out a portion of it in taxes?

Didn't think so.

Yes sir. My wife declares 0 (zero dependents) so we do not move into a higher tax bracket. She gets taxed to the hilt every two weeks for having 0 zero deductions shown. So yes, I think so.

mookiemookie · 12-01-10, 03:04 PM

Quote:

Originally Posted by GoldenRivet

I know several people... Myself included, who have made business and personal financial decisions so as to avoid being bumped into the next tax bracket

Quote:

Originally Posted by AVGWarhawk

Quote:

Originally Posted by AVGWarhawk

Yes sir. My wife declares 0 (zero dependents) so we do not move into a higher tax bracket. She gets taxed to the hilt every two weeks for having 0 zero deductions shown. So yes, I think so.

Then you guys don't really understand how marginal income and a progressive tax system works.

AVGWarhawk · 12-01-10, 03:07 PM

Quote:

Originally Posted by mookiemookie

Then you guys don't really understand how marginal income and a progressive tax system works.

I'm listening professor.

Tell me how tax credits work and how much tax is paid by the marginal income folks.

12-01-10, 02:37 PM	#4
Sailor Steve Eternal Patrol Join Date: Nov 2002 Location: High in the mountains of Utah Posts: 50,369 Downloads: 745 Uploads: 249	"Tax the rich, feed the poor, 'til there are no rich no more..." Just a song, but after that, then what? __________________ “Never do anything you can't take back.” —Rocky Russo

12-01-10, 02:45 PM	#6
GoldenRivet Subsim Aviator Join Date: Mar 2007 Location: Texas Posts: 8,726 Downloads: 146 Uploads: 0	I know several people... Myself included, who have made business and personal financial decisions so as to avoid being bumped into the next tax bracket __________________

12-01-10, 03:03 PM	#8
August Wayfaring Stranger Join Date: Apr 2005 Location: Massachusetts Posts: 23,233 Downloads: 0 Uploads: 0	Well how about we tax mookie and the other folks in favor of ending these tax "cuts" at say 99%. I figure they shouldn't complain since 1% is still better than nothing and there is no solid evidence that it would hurt the economy... Right? __________________ Flanked by life and the funeral pyre. Putting on a show for you to see.