Taxes

[179]

Originally Posted by RIJIMMY

whoa, are these figures accurate?
If so, that would mean when ol' Hil and Barak say that all GWB did was put more money back to the rich, would be a 100%...LIE? Could it be? Why would they do that?
So, maybe I am taking a leap here, but if they reverse the tax cuts, could it acually be possible that it would HURT the middle class? Geez, it may actually HURT the people who work and pay taxes, maybe? But its all good, we'll have universal health care, so I can wait in line behind the kids that dropped out of high school and sit around and smoke dope all day, while I work my arse off. Thats fair, we're all equal.

So 30k and 50k are now considered the "Rich" by the left and should be punished by paying more taxes? Interesting

[spence]

I just had this email passed along to me by my father so I did some checking and found that the Tax Foundation site being referenced refutes the numbers of the unknown author...

http://www.taxfoundation.org/blog/show/22958.html

-spence

[mosholu]

Besides the repeal of the tax cuts Obama has called for the lifting of the cap on how much of your income is eligible to pay for social security. This will hurt a lot of middle class families because that extra 2% is generally their discretionary income and brings down their quality of life. Do we have to do it? I am not sure. I think there are other things we can do but I question if we have the resolve for dealing with pork. I would propose that there be some limits on how much you can leave to your estate. I do not know where you set the marker. I am talking about millions but when you read how much executive pay has skyrocketed and how much the taxpayer gets stuck with the short stick (Bear Stearns, the income security Joe talked about above) there should be some claw back. These people made this money in part through the benefits and protections of this country and when their time is done they can well take care of their family but the rest should go back to the government. I see no reason to permanently endow a leisure class in this country when so many are finding times hard. I also think there should be a super tax paid on amounts above say 10 million. It is not going to balance the budget but it does send a message that the ones that truly benefit from this system (and their own work) should contribute more. Flat tax would be nice as well but that enough for one post.

[wheresmy50]

It's widely known, or it should be, that taxes under Bush are some of the lowest ever. While there are legitimate beefs with Bush's economic policy, don't look to taxes to find them.

My opinion is the way to control the deficit is by controlling spending, not taxes. This is where I feel Bush deserves the most criticism, for being way too liberal regarding social spending. Unfortunately I don't think this is going to improve over the next 4-8 years unless all of the current candidates quit now and someone else enters the race. Obviously McCain would be predisposed to spend less, but he's by no means a "Reagan" republican.

The fact of the matter is overall taxes (local, state, sales, etc) are so high because of government waste, corruption, and misuse. Short of building a time machine, I don't think we'll ever change that. They're like anacondas, they only take.

It's interesting to travel around the country and see areas with vastly different levels of state and local taxes, and the relative differences. For instance, some states with high taxes have good roads and schools, but some are worse than states with very low tax rates.

Nebe - Drug test? How about at least checking the social security number to make sure they're citicens. I know for a fact that in my area people get certain social services without any citicenship verification. We all pay for that nonsense.