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SoulGlo 
LSU Fan
Shinin' Through
Member since Dec 2011
1990 posts
| If they raise the top marginal rate to 37.9%, (Posted on 12/7/12 at 11:46 pm)
will the Democrats still claim that they are cutting taxes for the rich?
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Bard 
LA-Monroe Fan
BR
Member since Oct 2008
12799 posts
| re: If they raise the top marginal rate to 37.9%, (Posted on 12/7/12 at 11:52 pm to SoulGlo)
quote:
If they raise the top marginal rate to 37.9%,
They should just go ahead and bump it up to 50% so they can feel all warm and fuzzy about how they "stuck it to the rich"... right up to the point where the economy crashes like a heroin addict on a deserted island.
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matthew25 
Ole Miss Fan
Member since Jun 2012
1525 posts
| re: If they raise the top marginal rate to 37.9%, (Posted on 12/8/12 at 1:14 am to Bard)
Soul - my thoughts exactly, the administration isn't going to get the full 39.6 as was the law, and will find a middle ground,to save face for Boehner.
Remember, under JFK, the top rate was 91%.
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drexyl
LSU Fan
Mingovia
Member since Sep 2005
13589 posts
| re: If they raise the top marginal rate to 37.9%, (Posted on 12/8/12 at 6:46 am to matthew25)
quote:
Remember, under JFK, the top rate was 91%.
tell me real quick how taxable income was calculated when this was the top rate.
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TrueTiger
LSU Fan
Republic of West Florida
Member since Sep 2004
2575 posts
| re: If they raise the top marginal rate to 37.9%, (Posted on 12/8/12 at 8:31 am to SoulGlo)
Since the dems are screaming that the middle class needs the tax cut. Give that to them.
I mean actually CUT the middle class rates, not leave it status quo. Nancy P. and company are getting away with calling the status quo a cut. Call em on it. Do a real cut and watch them oppose a middle class tax cut and put their opposition on display for America.
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LSUwag
LSU Fan
Orlandeaux
Member since Jan 2007
5077 posts
| re: If they raise the top marginal rate to 37.9%, (Posted on 12/8/12 at 8:59 am to SoulGlo)
No matter what the rate is, it will never be enough for the Democrats. Make it 100% and they will somehow say that they aren't paying their fair share.
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davesdawgs 
Georgia Fan
Georgia
Member since Oct 2008
10990 posts
| re: If they raise the top marginal rate to 37.9%, (Posted on 12/8/12 at 9:19 am to TrueTiger)
quote:
Since the dems are screaming that the middle class needs the tax cut. Give that to them.
I mean actually CUT the middle class rates, not leave it status quo. Nancy P. and company are getting away with calling the status quo a cut. Call em on it. Do a real cut and watch them oppose a middle class tax cut and put their opposition on display for America.
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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
63208 posts
| re: If they raise the top marginal rate to 37.9%, (Posted on 12/8/12 at 9:30 am to matthew25)
quote:
Remember, under JFK, the top rate was 91%.
So let's make federal spending as a percent of GDP to what it was under JFK.
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Bard
LA-Monroe Fan
BR
Member since Oct 2008
12799 posts
| re: If they raise the top marginal rate to 37.9%, (Posted on 12/8/12 at 10:22 am to LSURussian)
quote:
So let's make federal spending as a percent of GDP to what it was under JFK.
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Fat Bastard 
New Orleans Saints Fan
Paradise
Member since Mar 2009
13456 posts
| re: If they raise the top marginal rate to 37.9%, (Posted on 12/8/12 at 10:26 am to matthew25)
quote:
Remember, under JFK, the top rate was 91%.
and JFK cut taxes creating more revenue but do not tell that to these dumbass democrats.
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matthew25
Ole Miss Fan
Member since Jun 2012
1525 posts
| re: If they raise the top marginal rate to 37.9%, (Posted on 12/9/12 at 12:36 am to Fat Bastard)
When the Democrats proposed cutting the top rate from 91% to a mere 70%, Kennedy was opposed by 2 senators who won the Republican nomination for President: Barry Goldwater and Bob Dole.
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Tom Selleck
Member since Jan 2010
583 posts
| re: If they raise the top marginal rate to 37.9%, (Posted on 12/9/12 at 7:40 am to SoulGlo)
This may be a simplistic view, but, will raising the tax rate on high income earners do any good. Aren't people in the upper tax bracket already exploiting every loophole and tax shelter possible? If their rate is increased, will they not hire another accountant and lawyer and find more expenses to apply or off shore accounts to funnel money and keep there rate what it is now.
If mitt romneys rate goes from 35 to 39 will he not continue paying 15% (or whatever the numbers are)?
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JEAUXBLEAUX
LSU Fan
Bayonne, NJ
Member since May 2006
38520 posts
| re: If they raise the top marginal rate to 37.9%, (Posted on 12/9/12 at 7:50 am to Tom Selleck)
Get rid of the ability to utilize off shore accounts and loopholes as mentioned above.
Make all income over $250,000 subject to this tax. No deductions for Olympic horses for example.
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Tigerholic
LSU Fan
Member since Sep 2006
1382 posts
| re: If they raise the top marginal rate to 37.9%, (Posted on 12/9/12 at 8:18 am to JEAUXBLEAUX)
quote:
Make all income over $250,000 subject to this tax
Screw you. While I don't make this much or close to it yet, it is still an attainable number and a goal for me to make one day. If you want to take half if my money for achieving this then screw it why even try. This is why production goes down as tax rates are increased.
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