(Lake Martin Specific)
111,143 messages
Updated 4/25/2024 7:30:23 PM
Lakes Online Forum
83,605 messages
Updated 4/25/2024 9:33:24 PM
Lakes Online Forum
5,193 messages
Updated 4/3/2024 3:47:36 AM
(Lake Martin Specific)
4,169 messages
Updated 4/16/2024 3:16:57 AM
Lakes Online Forum
4,169 messages
Updated 4/15/2024 11:05:05 PM
Lakes Online Forum
4,260 messages
Updated 3/24/2024 9:24:45 AM
Lakes Online Forum
2,976 messages
Updated 3/20/2024 11:53:43 PM
(Lake Martin Specific)
169 messages
Updated 5/31/2023 1:39:35 PM
Lakes Online Forum
98 messages
Updated 4/15/2024 1:00:58 AM
|
|
|
| Name: |
GoneFishin
- 
|
|
| Subject: |
WHY DO I?????????
|
|
Date:
|
4/17/2011 9:06:49 PM
|
With just one day left for Americans to file their tax returns, the super wealthy can look forward to paying significantly less than they would have two decades ago: Since 1992, the average federal income tax actually paid by the wealthiest 400 households in the country has fallen from 26 percent to 17 percent.
I WONDER WHY MY EFFECTIVE RATE IS HIGHER?
With all the rhetoric here about not increasing the tax rates on whatever level we consider rich, we still have not seen increased revenue and a robust economy based on the Bush tax cut. The recession started under Bush even with the lower tax rates.
|
| Name: |
MartiniMan
-
|
|
| Subject: |
Ah...the economically illiterate
|
|
Date:
|
4/17/2011 9:17:25 PM
|
GF, here's a little quiz for you. Explain how lower tax rates caused the economic problems. Explain how letting the productive keep more of their own money to spend or invest as they see fit causes an economic downturn. I await your answer.....
|
| Name: |
GoneFishin
-
|
|
| Subject: |
Ah...the economically illiterate
|
|
Date:
|
4/17/2011 9:41:46 PM
|
You are askiing the same question I asked. With lower rates why are we in a recession? Since the Bush tax cut the producers have had more money to invest and spend. Yet, we are still 9% unemployment. Supply side economics with lower tax rates should boost investment. It just hasn't happened. To suggest that disagreement denotes "economically illiterate" is a cop out.
|
| Name: |
Tall Cotton
-
|
|
| Subject: |
WHY DO I?????????
|
|
Date:
|
4/17/2011 10:21:09 PM (updated 4/17/2011 10:21:37 PM)
|
What percentage of the total tax paid to the federal government came from these "super-wealthy"? Not their marginal rate,their percentage of the whole? I had lunch Friday with a gentleman who was really upset that his son received $5700 MORE than he paid in as a refund. Something is wrong with that picture!
|
| Name: |
Barneget
-
|
|
| Subject: |
Ah...the economically illiterate
|
|
Date:
|
4/17/2011 11:20:44 PM (updated 4/17/2011 11:25:03 PM)
|
Just love using a Benelli M4 on the regressives talking points regarding W fighting to leave more of our money in our pockets, as Chairman O attempts to define All PRODUCER EARNINGS AS HIS FIRST. Click the link, check out page 15, it illustrates the annual revenue INCREASE beginning in 2003, and the spending that rapidly outpaced it. As for the reluctance to invest, the administrations repeated attempts to change labor rules facilitating union organizing, ramped up antitrust and labor prosecutions, extensive new environmental regulations, along with the monstrously complex financial bill, each and all played a role in setting back our recovery. The community activist at work.
Economist and former senator Phil Gramm makes the real cost of Chairman O's central planning clear. He compares our current recovery to those that followed the other ten recessions that have occurred since World War II. He says that if this bounce-back had kept pace with those of other cycles, GDP would be significantly higher than it is today, and nearly 12 million more Americans would have jobs. As he acknowledges, Obama supporters will argue that this case was unusual because of the depth of the downturn. Mr. Gramm points out that historically “the bigger the bust, the bigger the boom” that follows. The numbers don’t lie. In past recessions, three years after the downturn, real GDP had increased 7.6% beyond the pre-recession level. Today, GDP is only 0.1% higher.
|
| Name: |
water_watcher
-
|
|
| Subject: |
WHY DO I?????????
|
|
Date:
|
4/18/2011 7:07:19 AM
|
you do not know what you are doing.
|
| Name: |
water_watcher
-
|
|
| Subject: |
Ah...the economically illiterate
|
|
Date:
|
4/18/2011 7:13:12 AM
|
The tax rates have nothing to do with us having 9% unemployment ... it is all the entitlement programs and the bad policies by Obama and the dems that have created uncertainty and business not to hire. Including the huge budget deficits and the fear created that it will be addressed through higher taxes. The obamacare penalty.
The question you SHOULD be asking is why 51% of americans do not pay taxes and why we allow illegals to work for cas and pay no taxes yet drain the system. Those are more intelligent questions .... but that is why I know you would not ask those.
|
| Name: |
MartiniMan
-
|
|
| Subject: |
The answer is simple
|
|
Date:
|
4/18/2011 8:20:02 AM
|
The tax rates had absolutely nothing to do with the recession. I could list a million other aspects that also had nothing to do with the recession. It was caused by a housing bubble collapse. The housing bubble was created by the federal government distorting the free markets, primarily with Fannie and Freddie buying up trillions in mortgages thereby freeing up lenders to lend to people who should never have been eligible. They created a moral hazard by distorting the markets. There are a couple of good books that I could recommend that examine this very well.
And be assured the markets have their share of the blame. They lent money to people that never should have qualified but they knew they would be able to sell those mortgages and would never have to service them so why not?
And you need to recall that our current tax rates were instituted after 9/11 and were very instrumental in the U.S. economy recovering quickly. GF, lowering tax rates helps the economy, just ask Bill Clinton or JFK. Only the economically illiterate like your Messiah and Hound think that it will help the economy recover. You just watch, if taxes go up again we will have a double dip recession. It happens every time its tried. Just ask Algore who lost to W because Clinton raised taxes "too much" (Clinton's words, not mine) and it caused the economy to stall.
|
| Name: |
MAJ USA RET
-
|
|
| Subject: |
simple
|
|
Date:
|
4/18/2011 10:47:52 AM
|
Martini Man! You are so cold and stingy. Don’t you know that everyone is ENTITLED to home ownership… even if he can’t make the payments?
|
| Name: |
Tall Cotton
-
|
|
| Subject: |
WHY DO I?????????
|
|
Date:
|
4/18/2011 7:56:55 PM
|
The top 10% of wage earners ($108K and up) pay 48% of the taxes. The bottom 50% pay 2%. Sounds fair to me. (Sarcasm font)
|
| Name: |
water_watcher
-
|
|
| Subject: |
WHY DO I?????????
|
|
Date:
|
4/19/2011 6:49:16 AM
|
Or said another way ... of all the "personal" income taxes paid, the top 10% pays 96% of all personal taxes. So messiah Obama, what percent should they pay. Why is it that the top 10% are not paying their fair share.
And mr massiah ... please stop saying in speeches that millionairs and billionaires need to pay more, when you know you have already raised taxes on people in the middle class and you want the across the board tax cuts that were put in place by Bush and the republicans to expire, that will effect everyone. You know that taxing people making over a million a year will do very little to solve the spending problem YOU created. Yes YOU mr messiah ... we did not have the budget deficits and the run up in the national debt until you ... we had deficits, but they were far less and were managable ... YOU have now created a nation and world crisis with the situation you put us in.
I certainly hope the foolish people that believe your change would be positive are embarrassed to admit they voted for you and will not make the same mistake twice. If not, I hope they would stand up and articulate what change has been so positive for the country or the american people. It is the worst partisianship talk I can ever remember at a time YOU and your party needs to face the reality facing the country and stop kicking the can and make tough decisions. None of the will be popular ... but face reality before it is too late.
|
|
|
New Post
Search
Off-Topic Forum
Reply
»
Alabama Lakes
»
Lake Martin
Login
|
Home
