As spending by wealthy weakens, so does economy

Quote from pspr:

Pile on more taxes. Damn Democrats!!


Personal income tax rates will rise. The top income tax rate will rise from 35 to 39.6 percent (this is also the rate at which two-thirds of small business profits are taxed). The lowest rate will rise from 10 to 15 percent. All the rates in between will also rise. Itemized deductions and personal exemptions will again phase out, which has the same mathematical effect as higher marginal tax rates. The full list of marginal rate hikes is below:

- The 10% bracket rises to an expanded 15%
- The 25% bracket rises to 28%
- The 28% bracket rises to 31%
- The 33% bracket rises to 36%
- The 35% bracket rises to 39.6%

http://atr.org/six-months-untilbr-largest-tax-hikes-a5171##ixzz0vTApM3YC

You got it wrong.

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ATR is not really the best place for unbiased information given their history.

http://www.sourcewatch.org/index.php?title=Americans_for_Tax_Reform_and_Jack_Abramoff
 
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Source

Rich get richer and the rest get told a bullshit story how they are so called better off than 30 years ago. The rich really don't provide much of function to make society better -- ie Why does Bill Gates want more HB1 visa programmers when there are plenty of out of work domestic programmers looking for work?
 
Quote from Covertibility:

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6-25-10inc-f2.jpg

Source

Rich get richer and the rest get told a bullshit story how they are so called better off than 30 years ago. The rich really don't provide much of function to make society better -- ie Why does Bill Gates want more HB1 visa programmers when there are plenty of out of work domestic programmers looking for work?

this is actually related to welfare and entitlement based spending- the poor spend their money in ways that allow the rich to get richer. They do not invest, save, or build wealth. The more money that is given to these, and the more these populations grow, the more the middle class shrinks.
 
Liberal fools always resort to name calling when the real facts don't support their case. Your on ignore so I don't have to read your tripe any more.

Quote from hermit:

Typical Idiot, what part of Obama's proposed tax policies dont you understand?
 
Quote from pspr:

Liberal fools always resort to name calling when the real facts don't support their case. Your on ignore so I don't have to read your tripe any more.

What fact? You quote me a source dated 2006 about expiring cuts, what part of proposed tax policies for 2011 you dont understand?
 
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