If tax hikes on the Rich will only raise 82 billion a year | Page 2 | TigerDroppings.com

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lsuroadie
LSU Fan
South LA
Member since Oct 2007
5891 posts

re: If tax hikes on the Rich will only raise 82 billion a year


quote:

mmcgrath


quote:

And lower rates do not "fuel economic growth". One could argue that the rates on the wealthy were already low before the tax cuts. How low is low enough for you guys?


So much fail in just two sentences. Higher rates DO "fuel economic growth"??

quote:

One could argue that the rates on the wealthy were already low before the tax cuts
Really, how high is too high?

quote:

How low is low enough for you guys?

How high is too high for you guys?



The country is $16T in debt...are you saying the Fed Govet has missed out on $16T in tax revenue??? Your saying they don't have a spending problem, we just simply havn't taxed enough?

Would love for you to answer that one?






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Bard
LA-Monroe Fan
BR
Member since Oct 2008
16865 posts

re: If tax hikes on the Rich will only raise 82 billion a year


quote:

The GOP wants to raise taxes on 98% of Americans if the top 2% see their taxes go up any at all.


I don't know if you believe this because you are completely uninformed or purposely stupid. The GOP is trying to stand against ANY tax increases and every single thing they have said and done during this supports that. The only way you could get something different is if you only get your news from places like MSNBC, HuffPo or DU.

Seriously, the true answer is out there if you really want it.

quote:

And in the process giving the extreme left in the Democratic party fresh hope that they can finally turn this country into the xanadu they have always envisioned.


They already have that, it's called California. How is that bastion of Democrat rule working out?









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a want
LSU Fan
North America
Member since Oct 2010
10238 posts

re: If tax hikes on the Rich will only raise 82 billion a year


quote:

Mittens' sole plan

What was his plan?

And please enumerate the long list of spending cuts the republicans have enacted over the last 30 years. (hint: there aren't any)

If you won't cut spending, what are the other options? I'm all ears.






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bigblake
Member since Jun 2011
977 posts

re: If tax hikes on the Rich will only raise 82 billion a year


(no message)


This post was edited on 4/6 at 1:10 pm


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mmcgrath
LSU Fan
New Jersey
Member since Feb 2010
6679 posts

re: If tax hikes on the Rich will only raise 82 billion a year


quote:

quote:

And lower rates do not "fuel economic growth". One could argue that the rates on the wealthy were already low before the tax cuts. How low is low enough for you guys?
So much fail in just two sentences. Higher rates DO "fuel economic growth"??


a) I see you failed to answer the question. Probably because you don't have an answer.

And as for your question: no, federal income tax rates do not fuel economic growth, high or low.






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DapperDan
LSU Fan
Member since Jul 2012
1226 posts

re: If tax hikes on the Rich will only raise 82 billion a year


quote:

The questions is why is the only lamb that is not to be sacrificed is that $28 Billion?

Where have the GOP asked everyone EXCEPT the top 2% be taxed? Its everyone or no-one. That being said. Wasn't the Bush tax cuts supposd to be "for the rich"? Now if they lapse it is "for the rich"? Man...the double speak is amazing.



This post was edited on 12/6 at 7:39 am


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DapperDan
LSU Fan
Member since Jul 2012
1226 posts

re: If tax hikes on the Rich will only raise 82 billion a year


quote:

mmcgrath


quote:

I don't understand

truth.






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lsuroadie
LSU Fan
South LA
Member since Oct 2007
5891 posts

re: If tax hikes on the Rich will only raise 82 billion a year


quote:

What was his plan? And please enumerate the long list of spending cuts the republicans have enacted over the last 30 years. (hint: there aren't any) If you won't cut spending, what are the other options? I'm all ears.


That's yall's only response...like we are Romney zombies. Both parties are responsible for getting us here. But I do know one party that will NOT get us out.






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DapperDan
LSU Fan
Member since Jul 2012
1226 posts

re: If tax hikes on the Rich will only raise 82 billion a year


quote:

What was his plan?


How much detail do you require of a nominee? How much do you require of a President? TIA.






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lsuroadie
LSU Fan
South LA
Member since Oct 2007
5891 posts

re: If tax hikes on the Rich will only raise 82 billion a year


quote:

I see you failed to answer the question. Probably because you don't have an answer.
Oh I do have an answer...I've said it a million times on this board, I don't give two shits what my tax rate is...But don't over spend by $16T and not pay down the debt and have the unmitigated gall to come to me and ask me for more.

Go ahead, answer my question.
quote:

The country is $16T in debt...are you saying the Fed Govet has missed out on $16T in tax revenue??? Your saying they don't have a spending problem, we just simply havn't taxed enough?






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mmcgrath
LSU Fan
New Jersey
Member since Feb 2010
6679 posts

re: If tax hikes on the Rich will only raise 82 billion a year


quote:

Oh I do have an answer...I've said it a million times on this board, I don't give two shits what my tax rate is...But don't over spend by $16T and not pay down the debt and have the unmitigated gall to come to me and ask me for more.
We should have raised rates in 2001 when the war was introduced then, no? I think that it has been properly vetted that any president for the last 4 years would have been at approximately $16T in debt given the starting point of 2009.
quote:

Go ahead, answer my question

We spent the money, we need to collect taxes to pay for it. You want war, collect the taxes. If the debt for the country was better going into the 2008 bank collapse then there may not have been as much economic panic at the time.
The best answer is that we weren't taxed enough years ago when the huge deficits started. But there is this pledge I've heard about...






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Bard
LA-Monroe Fan
BR
Member since Oct 2008
16865 posts

re: If tax hikes on the Rich will only raise 82 billion a year


quote:

mmcgrath


Why is it that you think revenues are the issue when the federal government has pulled in record and near-record revenues every year (even when accounting for inflation) since 2005?






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mmcgrath
LSU Fan
New Jersey
Member since Feb 2010
6679 posts

re: If tax hikes on the Rich will only raise 82 billion a year


quote:

Why is it that you think revenues are the issue when the federal government has pulled in record and near-record revenues every year (even when accounting for inflation) since 2005?


Because we were spending more. We had wars going on in the last decade. Why did we need to cut taxes when we started spending more?

As for federal tax revenues, I am not sure how much is related to the increased spending on the wars, Katrina, and rising gas prices (<-- prob the largest factor). I don't know why personal income was going up, clearly the middle and lower class weren't seeing huge pay increases. Regardless, we were spending more so we needed to tax more. Pay as you go.






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DapperDan
LSU Fan
Member since Jul 2012
1226 posts

re: If tax hikes on the Rich will only raise 82 billion a year


quote:

I think that it has been properly vetted that any president for the last 4 years would have been at approximately $16T in debt given the starting point of 2009.


link.






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bigblake
Member since Jun 2011
977 posts

re: If tax hikes on the Rich will only raise 82 billion a year


(no message)


This post was edited on 4/6 at 1:10 pm


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DapperDan
LSU Fan
Member since Jul 2012
1226 posts

re: If tax hikes on the Rich will only raise 82 billion a year


quote:

we were spending more so we needed to tax more.


so backwards



This post was edited on 12/6 at 8:04 am


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TrueTiger
LSU Fan
Chicken's most valuable
Member since Sep 2004
11665 posts

re: If tax hikes on the Rich will only raise 82 billion a year


Not to completely dismiss $82 million, every little bit helps, but let's be real, 8 days of money to run the government isn't anywhere close to addressing the problem. Obama says he only wants to hit the rich while conveniently ignoring that Obamacare is a tax on everyone.

The whole point is simply to make him look good at the expense of his political enemies. The poor are not getting anything of value except a feel good moment. There are about 15% who are "poor" now, about the same as in 1965 and I suspect about the same 30 years from now. We are talking American poor, not world poor. So, don't picture a child with a distended belly scraping around in the dirt for a bug. Instead think of a household with air conditioning, a computer, tv, car or truck, microwave oven.

Obama gets to deliver a feel good moment to the poor and middle class while lying to them about taxing them with Obamacare. Meanwhile the poor are not going to get richer, the rich are not going to be poor but enough people get the illusion of feeling better that they will trade their vote for a fleeting moment. Those votes are being sold for cheap. No wonder the poor are going to stay that way.






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Bard
LA-Monroe Fan
BR
Member since Oct 2008
16865 posts

re: If tax hikes on the Rich will only raise 82 billion a year


quote:

Because we were spending more.


So when spending increases beyond funding levels the answer is to increase taxes in order to fund the increase in spending, not to lower spending? You see that spending increases are the problem, but instead of going with cutting spending you go with a solution that rewards rather than hinders the irresponsible increase in spending. Do you see the problem with your logic?

quote:

We had wars going on in the last decade.


You realize that the total cost of the Iraq war is less than 1T, right? The cost for Afghanistan (thus far) is about the same. That's 2T (4, at the outside most) compared to the 9T of deficit spending that's gone on since 9/11.

quote:

Regardless, we were spending more so we needed to tax more.


When you go over your own budget, do you go to your employer and demand a raise to cover it? Why should we allow this of the federal government? Is it that you think that any federal spending increase must be worthwhile?






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DapperDan
LSU Fan
Member since Jul 2012
1226 posts

re: If tax hikes on the Rich will only raise 82 billion a year


quote:

The whole point is simply to make him look good at the expense of his political enemies.


It is obvious. Why is the left so afraid to admit this?






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bigblake
Member since Jun 2011
977 posts

re: If tax hikes on the Rich will only raise 82 billion a year


(no message)


This post was edited on 4/6 at 1:09 pm


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