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From: Mike on 12 Aug 2010 10:48
That is what BO(ZO) and the Dimocrats in Congress would have us believe,
history proves the truth is somewhat different. The Bush tax rate cuts
went to ALL American taxpayers as did the tax rate cuts under President
Kenney and Reagan.

The federal taxes system is a graduated income tax system, not a flat tax
system. The more one earns the higher the PERCENTAGE if their income goes
to taxes. The largest rate cut actually went to the poorest Americans.
Their tax rate was cut by 1/3, down to 10% from 15%. The smallest tax rate
cut went to the wealthiest Americans down to 32% from 35%.

The tax rate cuts in that bill resulted to and INCREASE in the income to the
US Treasury NOT a decrease in income to the US Treasury as it did when
Kennedy and Reagan cut tax RATES. History proves that returning the top
rate to 35% will result in a net DECREASE in income to the US Treasury, not
a net income, as it did when the rate was increased under Clinton.

Basic economics 101, the more money in the hands of consumers means more
money in circulation and the more often those same dollars are TAXED by the
federal, state(s) and local governments resulting in MORE income to their
treasuries.

Recent history also proves that using tax money to help the economy and
create jobs, rather than allowing before tax money to help the economy and
create jobs, is not working


"Cliff" <Clhuprichguesswhat(a)aoltmovetheperiodc.om> wrote in message
news:vgj7661r2v75f9lmjbupvgs3i5s940kga7(a)4ax.com...
>
> http://tv.gawker.com/5610818/jon-stewart-exposes-the-financial-idiocy-of-sarah-palin-john-boehner-and-other-republicans
> "Jon Stewart Exposes the Financial Idiocy of Sarah Palin, John Boehner,
> and
> Other Republicans"
> [
> Tonight, a freshly-shaved Jon Stewart talked about the fact that
> Republicans are
> simultaneously complaining about the nation's deficit and fighting to
> extend
> Bush's tax cuts (which, if ended, would reduce said deficit by 30%).
> Inside,
> video of the smackdown.
> ]
> See video.


From: edspyhill01 on 12 Aug 2010 10:59
On Aug 12, 10:48 am, "Mike" <mikehu...(a)lycos.com> wrote:
> That is what BO(ZO) and the Dimocrats in Congress would have us believe,
> history proves the truth is somewhat different.   The Bush tax rate cuts
> went to ALL American taxpayers as did the tax rate cuts under President
> Kenney and Reagan.
>
> The federal taxes system is a graduated income tax system, not a flat tax
> system.  The more one earns the higher the PERCENTAGE if their income goes
> to taxes.    The largest rate cut actually went to the poorest Americans.
> Their tax rate was cut by 1/3, down to 10% from 15%.   The smallest tax rate
> cut went to the wealthiest Americans down to 32% from 35%.
>
> The tax rate cuts in that bill resulted to and INCREASE in the income to the
> US Treasury NOT a decrease in income to the US Treasury as it did when
> Kennedy and Reagan cut tax RATES.    History proves that returning the top
> rate to 35% will result in a net DECREASE in income to the US Treasury, not
> a net income, as it did when the rate was increased under Clinton.
>
> Basic economics 101, the more money in the hands of consumers means more
> money in circulation and the more often those same dollars are TAXED by the
> federal, state(s) and local governments resulting in MORE income to their
> treasuries.
>
> Recent history also proves that using tax money to help the economy and
> create jobs, rather than allowing before tax money to help the economy and
> create jobs, is not working
>
> "Cliff" <Clhuprichguessw...(a)aoltmovetheperiodc.om> wrote in message
>
> news:vgj7661r2v75f9lmjbupvgs3i5s940kga7(a)4ax.com...
>
>
>
>
>
> >http://tv.gawker.com/5610818/jon-stewart-exposes-the-financial-idiocy...
> > "Jon  Stewart Exposes the Financial Idiocy of Sarah Palin, John Boehner,
> > and
> > Other Republicans"
> > [
> > Tonight, a freshly-shaved Jon Stewart talked about the fact that
> > Republicans are
> > simultaneously complaining about the nation's deficit and fighting to
> > extend
> > Bush's tax cuts (which, if ended, would reduce said deficit by 30%).
> > Inside,
> > video of the smackdown.
> > ]
> >  See video.- Hide quoted text -
>
> - Show quoted text -

The people who will have there tax rate raised from 35% to 39% do not
hire people. They are just managers that do only what the BoDs say to
do. They are not companies. Pay for the extension of the Bush tax
cuts with pentagon cuts, NASA cuts, remove tax credits to all oil
companies and all corporations, close all tax loopholes. Raise the
taxes on income over $10m to around 60%.

Either you are a fiscal conservative or you are an idiot. So far all
you rightwingnuts have been idiots.
From: dr_jeff on 12 Aug 2010 11:09
Mike wrote:
> That is what BO(ZO) and the Dimocrats in Congress would have us believe,
> history proves the truth is somewhat different. The Bush tax rate cuts
> went to ALL American taxpayers as did the tax rate cuts under President
> Kenney and Reagan.
>
> The federal taxes system is a graduated income tax system, not a flat tax
> system. The more one earns the higher the PERCENTAGE if their income goes
> to taxes. The largest rate cut actually went to the poorest Americans.
> Their tax rate was cut by 1/3, down to 10% from 15%. The smallest tax rate
> cut went to the wealthiest Americans down to 32% from 35%.
>
> The tax rate cuts in that bill resulted to and INCREASE in the income to the
> US Treasury NOT a decrease in income to the US Treasury as it did when
> Kennedy and Reagan cut tax RATES. History proves that returning the top
> rate to 35% will result in a net DECREASE in income to the US Treasury, not
> a net income, as it did when the rate was increased under Clinton.

Really? We will return to the a top tax rate of 35%? Where have you
been, old man? According the IRS, the top tax rate is already 35%. When
will you get a clue?

The estimated tax forms include the ta rates, old man:
http://www.irs.gov/pub/irs-pdf/f1040es.pdf

As a fraction of GDP, the tax income went down during the Reagan years:
http://www.deptofnumbers.com/blog/2010/08/tax-revenue-as-a-fraction-of-gdp/

And individual income taxes peaked in Clinton's last full year in
office, and dipped under Bush until 2004.
http://www.gpoaccess.gov/usbudget/fy10/pdf/hist.pdf

However, to isolate these numbers without looking at what was happening
in the economy in general is just plain silly, like your comments.

Jeff

Jeff
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