Black Monday here we come

[spence]

Originally Posted by Jim in CT

It DOES NOT claim that the rich DIDN'T pay more taxes after the Bush tax cuts.

The article does directly contradict the Heritage analysis that the wealthy paid a larger share because of the cuts.

ritics state that the tax cuts, including those given to middle and lower income households, failed to spur growth. The cuts also increased the budget deficit, shifted the tax burden from the rich to the middle and working classes, and further increased already high levels of income inequality.[16][17][18][19][20] Economists Peter Orszag and William Gale described the Bush tax cuts as reverse government redistribution of wealth, "[shifting] the burden of taxation away from upper-income, capital-owning households and toward the wage-earning households of the lower and middle classes."[21]

My point was that the wealthy are paying a higher share of the tax burden than ever before. That's irrefutable fact. It may not serve your particular personal agenda, but it's still fact.

If it's an irrefutable fact then some numbers should be easy to come by. This would help with the analysis...

But if the rich are paying a higher % of the burden because of higher GDP then attributing that to a tax cut doesn't make much sense...unless you can also attribute the economic rise to the same cut.

Spence, I never, ever claimed that the Bush cuts CAUSED the wealthy to pay more. AllI said was that after the tax cuts were put in place, they paid more. I can't prove that the cuts caused them to pay more, nor can you prove that the cuts didn't cause them to pay more. But it's fair to say that the tax cuts were not designed to allow the rich to pay less taxes...if that was the intent of the Bush tax cuts, it failed miserably.

On an individual basis the rich certainly paid less after the tax cuts. As was mentioned above, where the burden is placed is dependent on many variables as actual revenues are a function of economic performance. As I referenced in your own link, there is debate on what really occurred.

-spence

[Jim in CT]

Originally Posted by spence

On an individual basis the rich certainly paid less after the tax cuts. As was mentioned above, where the burden is placed is dependent on many variables as actual revenues are a function of economic performance. As I referenced in your own link, there is debate on what really occurred.

-spence

Spence, I'm using small words so you can get this. After the Bush tax cuts, the wealthy (as a group) paid MORE taxes. Theyt paid more in absolute dollars. They paid more in terms of the percentage of total taxes paid.

you ar eliterally making it up as you go along.

[spence]

Originally Posted by Jim in CT

Spence, I'm using small words so you can get this. After the Bush tax cuts, the wealthy (as a group) paid MORE taxes. Theyt paid more in absolute dollars. They paid more in terms of the percentage of total taxes paid.

you ar eliterally making it up as you go along.

Nope, I'm quite in control.

What you're failing to grasp is that without two items:

A) Proof this is true

and

B) Evidence that correlates this with the Bush Tax Cuts

The point is moot.

The funny thing is the data probably backs your point, but it's not the point you're trying to make

-spence

[scottw]

Originally Posted by spence

What you're failing to grasp is that without two items:


A) Proof this is true

and

B) Evidence

The point is moot.

-spence

I guess we can declare 98% of your statements and claims moot then the other 2% supported with evidence from MSNBC

it's the spending....raising taxes will not solve the spending problem and as we see with the most recent deal, if we allow the increased debt limit and/or increased taxes, they will find a way to weasle out of the spending cuts.....if we don't hold firm to massive, acutal, meaningful spending cuts, no level of taxation will matter...and the only people that are serious about this are the people that you loathe and S & P apparently

WOW!

Scarborough: ‘Terminally Stupid Ideologues’ Should ‘Stop Using the Tea Party as a Piñata’
August 8, 2011

Following Senator John Kerry’s outburst Sunday in which he referred to the S&P downgrade as the “Tea Party Downgrade,” Joe Scarborough fought back on his Monday episode of ”Morning Joe.“ The host called on ”terminally stupid ideologues“ that ”really don’t understand” anything because they’re “so dogmatic [they] can’t think for [themselves]“ to ”stop using the Tea Party as a piñata.”

"I am not blaming the President exclusively. We have blamed the Tea Partiers here for not moving. We have blamed Republicans. We have blamed Democrats as well. But please – I know it makes you feel better, but, you know, stop using the Tea Party as a piñata. We’ve got systemic problems in this country. The President could have done something for two years when he had Democrats controlling the House of Representatives and controlling the United States Senate. He did nothing on entitlement reform."

Scarborough went on to assert that, contrary to what the liberal media presented, President Obama never offered cuts to entitlement programs in his “grand bargain.”