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He is a hypocrite because he is not calling for the elimination of those shelters ;he is calling for higher income tax rates that would mostly hurt the $250,000 earner... oops ;$200,000 earner... oops $150,000earner... oops anyone in the higher brackets before the Bush tax cuts went into effect. Unlike Buffett ;these folks do not have teams of lawyers tucking their income away from the IRS grubbly hands. Their deduction may be only their home mortgage or some other small business related deductions . If Buffet wants to pay more taxes so badly then he should do so. NO ONE IS STOPPING HIM ! |
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Hello Steve:
Yeah, it's a shame that politicians change their tax policy when the economy craters. In fact, because the economic crisis is just NOW unfolding, anybody who say's they're going to do such and such is just kidding... Uhhh, your guy too. Besides, didn't we hear all this conservative, small government crap before?? I think we did, and I think we were lied to by YOUR dufus in chief. Why should you have another chance to lie again? Soooooo, don't vote for Obama because of his tax policy. Vote for him because he's going to appoint Supreme Court Justices that strictly interpret the Constitution. They're not going to be ACTIVIST judges like Scalia, Alito, Roberts, and Thomas. I got other reasons you should vote for him if that doesn't float your boat. excon |
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 Originally Posted by inthebox
So no I'm not disturbed that the rich "are making less and less money," because I don't believe that's true. I think you may be confusing the people in the middle class that are sinking into the underclass with the upper middle class that have become grotesquely wealthy in the last 2 decades. I didn't see your link. All data for many years have shown that the American middle class is evaporating. Some of us are become extremely wealthy, while almost everyone else has a lower standard of living than their parents did. You haven't noticed? Income Gap Is Widening, Data Shows - New York Times For example:
.. . the top 300,000 Americans collectively enjoyed almost as much income as the bottom 150 million Americans. Per person, the top group received 440 times as much as the average person in the bottom half earned, nearly doubling the gap from 1980.
The minimum wages now is just under $7/hr. 440 times 7/hr is about $3000/hour. Are you really defending someone who makes that much money? Especially when many of those hours are spent having lunch with other people making $3000/hour? And of course, if you average together the people in the bottom half, they make more than $7/hr. Maybe $10? $12. So the people at the top are making at least $4000/hr, if not $5000/hr. Yes, there are really people who make that much. I'm guessing you don't earn that much inthebox. So why do you care so much about whether someone who makes $10K-$40K/DAY can buy a new jet or house this year or has to wait until next year because their other spending is already so high? Is it because the rich DESERVE $4000/hour because they work so hard? Whereas, the waitress with two kids and two jobs never worked hard and is lazy and doesn't deserve to have good dental care? I don't even understand the reasoning. I assume it's personal. But since I can't politely ask about your own income, I'm baffled why presumably ordinary people defend such greediness and materialism. Also from the 2007 New York Times article:
The Bush administration argued that its tax policies, despite cuts that benefited those at the top more than others, had not added to the widening gap but “made the tax code more progressive, not less.” Brookly McLaughlin, the chief Treasury Department spokeswoman, said that this year “the share of income taxes paid by lower-income taxpayers will be lower than it would have been without the tax relief, while the share of income taxes for higher-income taxpayers will be higher.”
What is Bush? Some kind of socialist? :) |
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Originally Posted by inthebox
I don't know if you count myself among the liberal population, but between my family and work responsibilities checking this site for arguments is an afterthought. BTW I've rarely read any posts here that are beyond questionable or debatable, especially foaming from the mouths of the Dubya tribe. I help with misnomers. What exactly are you wanting to comprehend about taxation and the IRS?? That I personally don't account for paying more taxes than Bill Gates. How silly! When I start generating his income, then I'll be more than happy to help the country and pay much more. |
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Originally Posted by BABRAM
McCain isn't exactly financially needy, at least as long as he sticks with Cindy Hensen McCain. Anyway, the people who donated to the Obama campaign would be pretty unhappy if any of it went to McCain. That would be even worse than the $40 billion of bailout going to back pay for the executives who created the mess. I guess making that big a mess was exceptionally hard work. |
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Originally Posted by asking
Income inequality decreased between 2006 and 2007, as measured by the shares of aggregate household income by quintiles and the Gini index.
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Originally Posted by tomder55
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Originally Posted by BABRAM
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Yeah Bobby ;maybe one day I aspire to achieve his success. It won't happen because he has a much higher risk threshold than I do . But I wonder if he would bother if he knew his initial successes had too many artificial road blocks contructed in front of them. I am and always will be a worker. The degrees of success I have achieved are due to my hard work. But I did not go out and risk all to get to where I am. I found a rich guy who would hire me. All evidence I see is that employers will reduce staffing if increased taxes are imposed. Yeah that will help out Main Street! |
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Originally Posted by speechlesstx
Hey snappy pants... then why make it an issue?? Remember that lesson you learned the hard way about counting the teeth in my mouth? You're going to draw back a nub... again. Are you whining about making 250K when combined household incomes are not even close to that 120K number?? |
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Originally Posted by tomder55
Too late. Welcome to reality! People are being laid off in our country, left and right. This idea of threatening the middle and lower class with fear for your upper class trickle down BS buddies, has worn thin. What? Some corporate executive bigwig is going to kick the individual he just laid off out of the unemployment line because he's not getting a huge bonus this year? Bwa ha ha ha! |
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