Republicans reveal true nature

Quote from bone:

Do your fucking homework.

Go to the IRS website;

Top 1-percent Adjusted Gross Income (AGI) break (TY 2008) [3,4] $380,354

In other words, you could take 100 % of what they make and you still would need 16 years to pay off the existing debt. The problem is not taxes, it is the spending. If you raised their taxes by 20 %, it would take you 80 years to pay off just the existing debt.
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You left out the part that shows this top 1% paid 38.02% of ALL INCOME TAXES. We should thank them, except I'm sure most spend time and money trying to lower their tax bill.

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


Seneca
 
http://latimesblogs.latimes.com/washington/2011/08/obama-national-debt.html

Updated numbers for the national debt are just out: It's now $14,639,000,000,000.

When Barack Obama took the oath of office twice on Jan. 20, 2009, CBS' amazing number cruncher Mark Knoller reports, the national debt was $10,626,000,000,000.

That means the debt that our federal government owes a whole lot of somebodies including China has increased $4,247,000,000,000 in just 945 days. That's the fastest increase under any president ever.
 
I just want to add this as an employer, that employees get the 50% reduction in ssi tax but the employer does not and contributes the full 6 and whatever %. With the coming problems with ssi I cant understand why they reduced the ssi tax.
 
Quote from Random.Capital:

Main Street needs to make up its mind on which path it wants to take.
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They already have. Please take note of the November 2010 election results and the current Presidential Tracking Poll numbers.
 
Note how the DNC talking points and the Daily KOS platitudes have come to a screeching halt in the face of facts - IRS statistics for adjusted gross income, the current administration's spending rate ( looks like a rocket to the moon and the debt ceiling vote apparently meant nothing ), and the White House OMB current account deficit.
 
Quote from Lucias:



I think we need to tax the ultra rich the most -- not the poor and not the guy making 200k. Buffet wants to be taxed and really he's right he's so rich that it isn't going to change anything. Tax the ultra rich. They have the most wealth and the most say-so in the government. Let them pay all the taxes. Why not?
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I never understood that type of thinking. Why penalize someone for doing well? Or aid someone for doing poorly?

How much does buffet spend to avoid/reduce his taxes?
 
If they mangle charitable deductions then the Bill Gates Foundation is screwed...

Quote from rosy2:

I never understood that type of thinking. Why penalize someone for doing well? Or aid someone for doing poorly?

How much does buffet spend to avoid/reduce his taxes?
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I think the whole reason for the payroll tax cut was the democrats said so many times that extending the Bush Tax rates were a "tax cut" that Obama had to cut something, otherwise people would know they were lying when the "Tax cuts" got passed and nothing changed, everything was just the way it had been for years.

And secondly the payroll tax doesn't go to SSI, it just goes to the unified fund.
 
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