Contour Enthusiasts Group Archives Forums General Common Interests Who Are You Voting For in November?

Debate? Don't bother. George can do no wrong, as a few people on this site are absolutely convinced, even though members of George's own party are disgusted with him. Those moderate GOPers (traitors?) in office could learn a few things from our experts on CEG.

haha tiv, I'm not trying to prophesize here, I was just making a liberal argument, since all we were hearing was conservative. Man, don't be so quick to insult next time.

" The Center on Budget and Policy Prioritiessaid the true cost of the bill through 2011 is $1.9 trillion, not the $1.35 trillion the bill�??s backers claim, and the cost in the next 10 years, 2012-2021, will soar to $4.3 trillion."

Hot DAMN this is gonna be fun...

Originally posted by FlechaAutoSports:

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"The top 1 percent of taxpayers, making $373,000 or more a year, will reap almost 38 percent of all the benefits in President George W. Bush�??s millionaire tax cut...The bottom 60 percent of taxpayers will get about 14 percent of the benefits, while those in the bottom 20 percent will see just 1 percent of the tax benefit, according to Citizens for Tax Justice.

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I give you, not the "Citizens for Tax Justice" (whatever the hell that is), but rather the "United States House of Representatives" (I'm sure you've heard of it)

http://www.house.gov/jec/press/2002/10-24-02.htm

Which states that the top 1% of taxpayers, which make $313,469/yr or more pay 37.42% of all Federal Personal Income Tax. Gee... sounds a lot like "almost 38% of the benefits of the tax cut" doesn't it?? Wonder why??

Further more... again according to the "House of Representatives", the bottom 50% of taxpayers, (a smaller number than your bottom 60%), those who make less than $27,682, pay just 3.91% of all federal personal income taxes.

Now tell me how getting 14% of the benefits from the tax cut while only paying 4% of the taxes is a bum rap?!

I KNOW someone's got a good owned pic for this tool

So that leaves the bottom 99% seeing 62% of the breaks, sans those that didn't pay s**t into the system.

Your point is?

I won't discuss earnings, but let's just say I ended up owing enough money to the IRS to pay for a Toyota Prius this year. I do fit in the tax bracket that's SUPPOSED to see some of these "breaks". Yeah, BS...

I also have peers that pull in close to $500K and they got their rear-ends lubed and raped by the IRS this year, despite pounds of write-offs and political and charitable contributions (cash and stock).

Does the phrase "AMT" mean anything to you? If not, look it up for a potential taste of things to come...

To cap it off, this is going to keep a group of us from putting money into a real-estate project in Colorado, which would have meant MORE work and jobs for a group of contractors, landscape companies, etc. I certainly won't be joining in this now...

Sorry, but it's not the guy or gal working the 10-5 shift at the mall that pays my checks, it's multi-millionaires who have invested capital and resources in me because they had the money to and the customers I serve that respond to the skills I bring to the table. I'll wager that it's no different with most people who are gainfully employed here.

Keep begging your Congress to screw those that are providing jobs in the private industry and watch those jobs go somewhere else or just disappear, as taxes are something that can be escaped (or minimalized) by moving operations outside of the US or setting up trusts or holding companies in other countries.

People with money and that have an ounce of sense on how to use it to make MORE money don't simply sit on it; they INVEST it back into the economy in terms of more workers, more technology, more whatever that looks to offer a good ROI. This, in turn, develops more profits for the US government to TAX...

I'm thoroghly sick of the "rich envy" and this "tax the s**t of of the rich" attitude that seems to be pervasive here in the US. It's one of the reasons I'm such a proponent of a flat tax rate in terms of fairness; that and it would hopefully shut the ignorant cake-holes of those whining that tax breaks to the wealthy are ruining social security, welfare and other social programs that were a complete financial disaster long before high-income tax breaks were a major political issue...

Punishing the wealthy because they are smarter, luckier or better at managing money and business than most of us is stupidity beyond description and is an attitude I find among those that are of the "can't do" or "won't do" group instead of the "can and will do" group; I'll ask again if it's the social worker or the grocery store clerk that signs your checks at the end of the month...