Bush Tax Cuts Tilted to Rich - report by the NON-PARTISAN CBO

[PhillyKev 0]

http://www.reuters.com/newsArticle.jhtml?type=politicsNews&storyID=5972952

[freeflydrew 0]

Nooooo, it can't be true!

Get ready for the name calling...

[wmw999 2,600]

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Get ready for the name calling

I'll start, just so I can say it first:

The richest are only 1% of the population, why shouldn't they only pay 1% of the taxes

Nope, couldn't do it with a straight face

Wendy W.

There is nothing more dangerous than breaking a basic safety rule and getting away with it. It removes fear of the consequences and builds false confidence. (tbrown)

[Jimbo 0]

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http://www.reuters.com/newsArticle.jhtml?type=politicsNews&storyID=5972952

The CBO may be non-partisan, but the article (or at least the information given to the writer) isn't:

The report by the nonpartisan Congressional Budget Office and calculations by congressional Democrats based on the CBO findings . . .

-
Jim

"Like" - The modern day comma
Good bye, my friends. You are missed.

[TheAnvil 0]

The people who pay the most taxes got a tax cut? They got more of a tax cut than people who pay less taxes than them? Really? Well stop the presses right the hell now!

Jeez I crack myself up.

NOTE TO LEFTIES: THE RICH PAY THE MOST TAXES. THEY PAID THE MOST TAXES PRIOR TO THE GWB TAX CUTS. THEY PAY THE MOST TAXES NOW.


Vinny the Anvil

Vinny the Anvil
Post Traumatic Didn't Make The Lakers Syndrome is REAL
JACKASS POWER!!!!!!

[PhillyKev 0]

Too late, Wendy pre-empted you. Your post is hereby invalidated

[rushmc 23]

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http://www.reuters.com/newsArticle.jhtml?type=politicsNews&storyID=5972952

Add this to the facts of the post.
Fact, the top 20% wage earners in the US pay 78% of the federal taxed received.
Fact, the bottom 80% pay the remaining 22% of the taxes.

So, if you are giving tax cuts who is going to get them???

If you want jobs created who is going to create them??? ...the bottom 80% of the wage earners?

Figure it out folks..........

Buy the way, the information I posted came from the same data as the article



whew, I needed that........now I feel better

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[Kennedy 0]

You're talking to liberals. Save your logic for times when it won't fall on deaf ears.

witty subliminal message
Guard your honor, let your reputation fall where it will, and outlast the bastards.
1*

[PhillyKev 0]

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Fact, the top 20% wage earners in the US pay 78% of the federal taxed received.

Interesting, but what does that have to do with the top 1% getting 1/3 of the tax breaks? (note - they don't pay 1/3 of all taxes). So, they received a larger benefit of the tax break than anyone else. That was the point of the finding. Doesn't matter how you feel about graduated taxes. It's a fact that can't be disputed that the top 1% received the biggest tax break.

[Kennedy 0]

So what percent of teh coutry's taxes do the top 1% pay?

witty subliminal message
Guard your honor, let your reputation fall where it will, and outlast the bastards.
1*

[headoverheels 334]

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So what percent of teh (sic) coutry's (sic) taxes do the top 1% pay?

Roughly 20.1% of the income taxes, with an average income in the $1.2 million range, as you could see if you bothered to read one-fourth of the link in the post that started this thread.

For a better comparison of tax rates as a percentage of income, you really need to include social security taxes. For many people, these taxes are larger than the other federal income taxes.

[TheAnvil 0]

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It's a fact that can't be disputed that the top 1% received the biggest tax break.

So what? The top one percent pay about 20% (I'd say a bit more) of the total tax burden. If they got the biggest tax break, good for them. Who cares? The tax bill wasn't designed to cut taxes based upon percentage of taxes paid by any one segment of the populace - nor should it have been. Who give's a horny-toad's ass?

I'll answer my own question. The class warfare strategists at the DNC care, because they know they can work this statistic into Flipper's speeches. They love to malign the successful in order to garner support. 'The more successful got a bigger tax break than you!' mantra will resonate with a large number of simpletons who will become more inclined to vote for sKerry because of it.

However, if the same simpletons would ask themselves - how would increasing the taxes on the rich help me out? - I don't think Flipper's future speeches will have as profound an effect. The GOP should start countering this inane class warfare in a more aggressive manner.


Vinny the Anvil

Vinny the Anvil
Post Traumatic Didn't Make The Lakers Syndrome is REAL
JACKASS POWER!!!!!!

[rushmc 23]

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Fact, the top 20% wage earners in the US pay 78% of the federal taxed received.

Interesting, but what does that have to do with the top 1% getting 1/3 of the tax breaks? (note - they don't pay 1/3 of all taxes). So, they received a larger benefit of the tax break than anyone else. That was the point of the finding. Doesn't matter how you feel about graduated taxes. It's a fact that can't be disputed that the top 1% received the biggest tax break.

They pay the most. If you figure the percentage by just the dollars you get a misleading head line.

Pesonally I do not believe you give a rip about taxes any way. You are just for wealth redistribution......

Kennedy.....you were right........

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[PhillyKev 0]

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So what? The top one percent pay about 20% (I'd say a bit more) of the total tax burden. If they got the biggest tax break, good for them. Who cares?

The point is that Bush is claiming that it was a fair, across the board tax cut for everyone. What he fails to tell you is that the top 1%, which as you stated, pay 20% of the taxes got 33% of the tax break.

That means the other 99% of us got a break LESS than our share of the tax burden, while they got a break MORE than their share of the burden.

Put simply, Bush is full of shit when he says the tax break was not designed to benefit the wealthy. It most clearly was. Whether you think they are currently being overtaxed or not, the truth is, they got the most benefit from the tax cut and Bush tries to claim they didn't. He's a liar.

And who should care is the other 99% of us.

[PhillyKev 0]

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Pesonally I do not believe you give a rip about taxes any way. You are just for wealth redistribution......

So I'm trying to steal from the rich for my own benefit, eh? I'm in that top 20% that you mentioned. In fact I'm in the top 10%. So please tell me, since you know what I'm in favor of, what is my motivation? Masochism?

[mnealtx 0]

I'd like to see the raw numbers, myself.... I'll do my own figuring.

Mike
I love you, Shannon and Jim.
POPS 9708 , SCR 14706

[rehmwa 2]

This whole thread is a 'user fee' discussion. "The top ___% of the people pay x% of the taxes (and then 'fairness' discussions)"

When all these discussion use those stats, then I can't help but think that most people think "fair" is everybody pays the same dollar amount - or user fee. (But that puts a lot of people in debtor's prison and nobody here has strongly advocated a flat fee tax structure). Just because of how people prefer to use stats.

Yet we always have the discussion based on that. If we used stats based on relative income vs tax (the top xx% of people make 50% of the money but pay 60% of the taxes) then we can have a better feel for the relationship between "progessive taxing" vs "progressive tax cuts" and whether those numbers are fair. Anyone ever make a table of that (for every 10% of income earners, how much money is made and how much tax is paid)? That would be nice to see.

The class envy discussion only supports progressive tax increases and regressive tax cuts. It goes nowhere......

...
Driving is a one dimensional activity - a monkey can do it - being proud of your driving abilities is like being proud of being able to put on pants

[TheAnvil 0]

You don't get it. When Nietzche said that convictions are the worst enemy of truth, he could not have envisioned a more apropos forum to prove this hypothesis correct than American political discourse.

YOU got a tax cut. Why do you CARE what somebody else's tax cut was? YOU got one. The tax cut was not designed to benefit the rich - it was designed to stimulate the economy. By letting those who pay the most taxes keep more of the money they earned, the economy was stimulated. If you're jealous of their success, seek to emulate it.

Vinny the Anvil

Vinny the Anvil
Post Traumatic Didn't Make The Lakers Syndrome is REAL
JACKASS POWER!!!!!!

[rushmc 23]

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Pesonally I do not believe you give a rip about taxes any way. You are just for wealth redistribution......

So I'm trying to steal from the rich for my own benefit, eh? I'm in that top 20% that you mentioned. In fact I'm in the top 10%. So please tell me, since you know what I'm in favor of, what is my motivation? Masochism?

You tell me! That is why this whole issue confuses me. There are not any kind of special calculations here. Those that pay the most get more back! It is that simple. Less taxes means growth. More taxes limits growth. Period!

It has been turned into a divisive issue (a mis-leading one) to create emotional reactions for political gain ..... and that is not being done by the right wing.......

By the way, congratulations for being in the top 20%

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[PhillyKev 0]

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YOU got a tax cut. Why do you CARE what somebody else's tax cut was? YOU got one. The tax cut was not designed to benefit the rich - it was designed to stimulate the economy. By letting those who pay the most taxes keep more of the money they earned, the economy was stimulated.

I care because I care about the state of our nation. I care because a record deficit, while providing a slight temporary bump to the economy will mean major problems in the future. I care because a long term economic recovery based on a tax cut and deficit spending is impossible without a drop in interest rates. I care because the president lied to the public about what the benefits are and who benefits from the tax cut. I care because it is the wrong thing to do.

Oh yeah, and actually my taxes INCREASED because the state raised my taxes by more than they were cut at the federal level as a direct result of the tax cut.

[rehmwa 2]

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, Oh yeah, and actually my taxes INCREASED because the state raised my taxes by more than they were cut at the federal level as a direct result of the tax cut.

Isn't this a better situation to have your taxes more local and better under you ability to affect that spending? Obviously your state was mooching off of other state's citizens for local costs since the effect wasn't a wash. Or your state level pols are crooked, and that's not a federal issue to blame on the federal tax policy.

If you get your federal taxes raised, do you think there is any chance that your state taxes will then be reduced to return you to your status quo?

...
Driving is a one dimensional activity - a monkey can do it - being proud of your driving abilities is like being proud of being able to put on pants

[TheAnvil 0]

The president SAID the rich would get a tax cut! What the hell are you talking about? And now you're claiming the Feds made your state legislature raise your taxes - all because of the Bush tax cuts!

Dear God man seek help!


Vinny the Anvil

Vinny the Anvil
Post Traumatic Didn't Make The Lakers Syndrome is REAL
JACKASS POWER!!!!!!

[PhillyKev 0]

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If you get your federal taxes raised, do you think there is any chance that your state taxes will then be reduced to return you to your status quo?

Unfortunately, no. Because WHEN federal taxes are raised. And they will be no matter who is in office at some point to pay off the growing debt, it will be to pay interest on the massive debt GWB is accruing becasue of his spending INCREASES that dwarf Clinton's 8 years. So the programs that were cut will not be reinstated, we'll be paying even MORE taxes with LESS benefit because much of it will be paying interest which is RISING.

[PhillyKev 0]

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The president SAID the rich would get a tax cut! What the hell are you talking about?

The president said EVERYONE would benefit from the tax cut. Well, I didn't. Poor people who got $20 back didn't.


I am not opposed to tax cuts. I am opposed to lousy fiscal policies that increase spending while cutting taxes driving up the debt.

We're ALL going to need help if the irresponsible budgeting of this president is allowed to continue.

[TheAnvil 0]

The President controls your state legislature, eh? Dear Lord!

Increases in spending drive the debt up. Tax cuts do not.

Vinny the Anvil
Post Traumatic Didn't Make The Lakers Syndrome is REAL
JACKASS POWER!!!!!!