The Coming Democrat Tax Increase

Discussion in 'Politics' started by carpro, Apr 3, 2007.

  1. carpro

    carpro
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    The Democrat Tax Increase

    # The 10% Tax Bracket Will Become 15%: More than five million families and individuals who previously owed no taxes will become subject to taxation.

    # Marriage Penalty Relief Will Be Eliminated: 23 million Americans will owe an average of $466 in additional taxes in 2011.

    # The Child Tax Credit Will Be Cut in Half: 31 million Americans will pay an average of $859 more in taxes in 2011.



    You Know You're Going to Pay More Under the Liberal Tax Increase When ...

    ... You're a family of four earning $60,000 a year: Your income-tax bill will rise 61% in 2011, from $3,030 to $4,893.

    ... You're an elderly couple earning $40,000 a year: Your taxes will go up by 156% in 2011, from $583 to $1,489.

    ... You're a woman: You could be one of the 83 million American women who could see their taxes rise by an average of $2,068.

    ... You're married: You could be one of the 48 million married couples who will pay an average of $2,899 more under the liberal tax increase.

    ... You have kids: 42 million families with children will pay an average of $2,181 more in taxes.

    ... You're a small-business owner: 26 million small-business owners will get a tax bill for an average of $3,960 more than before.

    Which one are you?


    Newt Gingrich
    EXCERPT
     
  2. billwald

    billwald
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    Better to pay the bills now or pass them on to the grandkids? If we didn't have the Bush Oil Grab War to pay for . . . .
     
  3. Jack Matthews

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    Propaganda. What a bunch of baloney. Bush raised taxes on small businesses and the middle class and called it a "tax cut." I got $600 back one year after paying about $4,500 more than I did the last year Clinton was in office. Do the math, that's no "cut". The only significant "cuts" that have been experienced under the Republicans have been for the wealthiest 15%. Essentially, the tax burden on the typical middle class family, according to the GAO, is 12% greater now than it was under Clinton.
     
  4. TomVols

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    As a tax preparer, I am amazed at the number of teachers, janitors, and people making next to nothing who saw their taxes drop and now find themselves part of the "Richest" class in America who benefited from the tax cuts :laugh: This is actually a running joke among my colleagues in the business.

    It's a shame that rhetoric replaces reason, and blind party loyalty replaces factual analysis when we talk about the financial well-being of average Americans.

    I'd like to see a link to this supposed middle class tax-increase from the GAO. While that did occur under Clinton's plan in 1993, what I've seen lately shows that the Bush plan increased the tax burden on the upper tax brackets, paying a higher tax burden. I'm not at my PC to post the link - my apologies.

    We need to debate the merits of a tax increase in light of our increasing need of revenues because of our increased present and future expenditures, but please, can we drop the talking points and use our brains, for a change?

    PLEASE? :praying:
     
    #4 TomVols, Apr 3, 2007
    Last edited by a moderator: Apr 3, 2007
  5. Jack Matthews

    Jack Matthews
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    Our business firm CPA, a staunch Republican, could give you an earful about the alleged Bush tax "cuts" and who benefits from them. I know too many people whose tax burden has increased by double digit percentages under this President, not because of "rated" increases, but because of lost deductions and loopholes.

    The President proposes the annual budget to Congress. If there are any tax increases in the wind for the next two years, they are Republican ones, unless the "W" has changed his party affiliation. This is the same old scare tactic hooey that we hear when the Republicans have lost and they don't have any traction on the real issues.

    One of these days, someone with responsibility in government is going to have to collect money from somewhere to pay for all this stuff that Bush has blithely charged to the future. Perhaps they'll show the same kind of fiscal responsibility and fortitude that Clinton did by having to pay on Reagan's debts.
     
    #5 Jack Matthews, Apr 3, 2007
    Last edited by a moderator: Apr 3, 2007
  6. Bluefalcon

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    I think we need to cut a lot of spending. I'm not voting for anyone who is not for cutting a bunch of spending on everything, especially education, which is currently worse than it's ever been before even though we're now spending more than we've ever spent before.
     
  7. Dragoon68

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    Where exactly is this grabbed oil that comes up every so often? How come CNN hasn't found it?
     
  8. Ps104_33

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    At least the democrats make us pay for everybody's free stuff. The republicans somehow give everybody their free stuff without raising taxes.
     
  9. StraightAndNarrow

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    Did you think all the money Bush has wasted on the war and his failed policies wouldn't have to be repaid?
     
  10. Bro. James Reed

    Bro. James Reed
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    It's in barrels sitting next to the WMDs.:laugh:

    My thoughts are, if we went to war for oil, how come we haven't seen any of it? You'd think Bush would realize that he would be more popular if he made gas prices go way down.
     
  11. Dragoon68

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    It's really amazing, isn't it, how so many people actually believe this war was about stealing oil from Iraq?

    It's equally amazing, isn't it, that so many people believe it's the President's responsibility and ability to set the price of crude oil and refined products such as gasoline? When the price goes up it's his fault - all this fault - but when it goes down it's someone else's credit. What happened to fundamental education on supply and demand? It must be the government schools!
     
  12. 2 Timothy2:1-4

    2 Timothy2:1-4
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    I will tell you what has happened to it, it is socialist revisionism. Socialism cannot advance in the light of truth so it must revise history and reality to prosper.
     
  13. rbell

    rbell
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    [broken record]

    Again, ya'll. The Fair Tax. And all of this junk goes away.

    www.fairtax.org

    Well, that, and electing reps that don't spend so much that they give drunken sailors a bad name.



    [/broken record]
     
  14. Dragoon68

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    Yes, indeed, bring on "The Fair Tax"! It's long overdue.
     
  15. Salty

    Salty
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    The Fair Tax - Why have hambamuger, when you can have steak.

    The Fair tax may be a bit better than the current system, but I want the "steak" the "Debit' tax

    http://web.archive.org/web/20020120115603/http://www.debittaxinc.com.au/

    http://www.johnston-independent.com/debit_tax.html


    The Fair tax gives a pre-bate - that is stuipd!
    The debit tax could be as low as .33%
    That is you buy a new car for 15,000 dollars the Fed tax would be $49.50
    Under the Fair tax system your fed tax would be $1,800

    Which system do you like?

    Salty
     
  16. rbell

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    The pre-bate is to protect the poor...it means no tax for anything up to poverty level. No such parameters exist for the debit tax.

    Most congressmen/women dismiss the FT out of hand without even understanding it (Figures, since they vote for whoever they are currently in bed with). But the first objection is, "it will hurt the poor." The Fair Tax does not hurt the poor. But, since it might impact a MAJOR money-for-votes program (welfare), it probably won't see the light of day.
     
  17. billwald

    billwald
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    Half the U.S. economy is already under the table. A 30% national sales tax will be loved by the black marketers.
     
  18. 2 Timothy2:1-4

    2 Timothy2:1-4
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    Is that anything like bush went into iraq for oil?
     
  19. EdSutton

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    Has anyone considered that the tax system cannot be changed by any President, back when, now, or in the future, but only by a vote of Congress? I have never blamed any "tax woes" on any President, but on the Congress that, by the Constitution, authorize any and all federal 'income' and 'outgo'.
    >
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    > No matter "which side of the aisle" one "weighs down" with pork, 'er I mean, where one sits. :rolleyes:

    Ed
     
  20. billwald

    billwald
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    The tax system will never change. The old people always vote and the young people seldom vote. The AARP and the NEA can swing any election.
     

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