Quote from trefoil:
There were a whole bunch of credits and the like that went to po' folk that in Plan B Boehner set to kill. They were actually, no lie, going to kill all of those while not raising rates on the high end. The fact they were going to do this went almost completely unreported.
Quote from zdreg:
you never answered the question is your wife working for the government? there are no "po fplks working for the gov't.
"po" shows exactly your philosophy.
This is a perfect example of income taxes being to progressive, the upper half paying too much of the tax burden.Quote from smilingsynic:
Yes.
The president gave up on extending the payroll tax a few weeks ago.
Basically that issue was never a part of the last few weeks of the so-called fiscal cliff. Both Republicans and Democrats were silent.
Funny how Joe Kernan and the other tools on CNBC were silent about THAT tax hike.
hopefully I am misunderstanding youQuote from Mercor:
This is a perfect example of income taxes being to progressive, the upper half paying too much of the tax burden.
The Government wanted to help middle and lower workers, but since most of them pay no income tax the only way to get Federal monies back to them is through payroll tax.
In the future any rebate or tax cuts offered from income taxes will only benefit the top tiers , because they are the ones paying taxes.
Quote from piezoe:
Could not agree more!
when was the last time a poor person got to decide if local taxes should be raised to fix the potholes on the road?Quote from trefoil:
This is so stupid that really it rendered me speechless for a while.
That feces eating fool is not someone who should be agreed with on anything, ever.
Now, when was the last time a poor person got to decide whether or not we ran an unfunded war on Iraq?
When was the last time a poor person got to decide whether or not a bridge to nowhere got built in Alaska?
When was the last time you ever heard of a poor person being in on a decision like whether or not drugs could be bought by the gov't on a discount for Medicare?
Never.
And, it will never ever happen in your lifetime or mine.
But, that poor person still has to pay tax on the gas he puts in his tank to go to work.
He still has to pay tax for both Social Security and Medicare, the former being regressive - as in poor people pay MORE than rich people for that one - while the latter is flat, which basically means it's regressive to anyone who understands economics.
And so on.
So, the Prez gave em a break for a couple years. Big doodoo. Oh my, the sky will fall because he gave em a break.
I expect that from fecal matter for brains. I don't expect it from anyone else.
Then again this is the Economics forum on ET, where no idea is good unless it's transcendentally stupid, so I guess I shouldn't be surprised.
Quote from oldtime:
...
if you give them a chance to get started and get their feet on the ground, there will come a time when it is their concern