Bush: Making the Rich richer

[CVD]

Originally Posted by 1ViciousGSX

This is a great example of Washington D.C. math at it's finest. You have to go to Yale or M.I.T. to get these figures to work out. 100% is 100%.

Combined by the above AGI % brackets, the top 25% paid 238.40% of the Federal Income Taxes?!?!?!?!?!? Not including the lower 75% of tax payers who probably add another 400-600% of the total Federal Income Taxes.

I think you're looking at it wrong. The top 1% pay 34.3% of the taxes. The top five percent (which includes the top 1%) pays 54.4% of the taxes.

So...the top percent pays 34.3% of the tax. The NEXT 4% pay 20.1% of the taxes. It's useful information if you know how to look at it.

[cudvig]

I love how people blame the president for everything....

When you know damn well that congress controls this.

-Colin

[Steeltwo]

Originally Posted by cudvig

I love how people blame the president for everything....

When you know damn well that congress controls this.

-Colin

bush has veto power

which he apparently isn't going to use.



this is a horrible idea. he is basically dropping the GNP of the county by doing this. I guess the war isn't sucking enough money from the united states, he needs to give people tax breaks aswell.

[ABV]

Average Tax Rate (% of AGI paid in income taxes) 2003
Top 1% - 24.31%
Top 5% - 20.74%
Top 10% - 18.49%
Top 25% - 15.38%
Top 50% - 13.35%
Bottom 50% - 2.95%

Any way you look at it, the more money you make, the more taxes you pay.

Here's some more info for reference:
Minimum AGI for tax return to fall into a given percentile (2003).
Top 1% - $295,495
Top 5% - $130,080
Top 10% - $94,891
Top 25% - $57,343
Top 50% - $29,019

[CVD]

What the F#CK is the difference? Taxes here, taxes there, everyone pays period. Do you really think that taxing the rich more is going to take away from their bottom line? Or are they just going to pull in more money from everywhere else?
If you think that not taxing the lower class will lead to a better quality of life for them then you're dillusional. The same goes for those who think everything that happens in Washington is Bush's doing.
Our basic tax system is pretty close to being fair. Yes, the middle class gets the shaft, but that's going to happen under any political leadership in this country unless MASSIVE reforms occur.

[howslowcanyougo]

Look, my wife won't even take any overtime anymore because it bumps her in the next tax bracket and she makes LESS than not working at all!

The more you work, the less % of your own money you get to keep? That's anti productive and anti-american, period.

The motivation to work is getting less and less? Why work 60 hours a week to buy your first house when section 8 will give you one for free? Yes our welfare system is now BUYING houses for "the poor"...makes me sick!

Also by giving "the poor" a pass on there flat % and fare share of paying for the services they receive you give them the more motivation to keep their victum/entitlement mentality that is already to pervasive in our soceity today.

"The poor" in the USA are largely a by product of substance abuse, neglectful one parent households, haven been taught no standards, self respect or moral work ethic.

Barring few exceptions, there is virtual no reason to be "poor" in america besides ones own self destuctive actions. Time has proven my point, after 40 years of the "new deal" giving more money to the poor, are things today any better for the "poor"? Has giving money to them REALLY helped them? No it hasn't the situation is worse than ever. The CORE issue with most of the "poor" today is rampent moral decay, not loss of oppurtunity.

Once one realizes that the MAIN reason that ones life is so screwed up, is staring them in the mirror, and not "the man", their parents, the system or whatever else, and you can admit the main fault is with yourself, you can change!

You don't have power over "the man", your parents, the system or most whatever else in this, BUT YOU SHOULD BE ABLE TO REGAIN POWER OVER YOURSELF, RIGHT?

I know, I was "poor", but after years of blaming everyone else and it not facing my own demons and changing I finally realized IF I DON"T CHANGE NOTHING EVER WILL GET BETTER FOR ME!

With God's grace I did change, I cleaned up my act, went back to school, and busted my ass and just and very soon my WHOLE world got 1000% better, and now I'm "rich" in much more than just $ as well! <Solid faith, Wife, Kids, good Job, nice toys, etc>

Bottomline of the American Ideal is: YOU make your own Life what it is!

<It's not ANYONE Else's job in this world to build your life and make you happy besides YOU!>


The country needs to get back to it's roots of Loving Freedom, Country, Duty, and God <as you define him> first before we will see any real change in this downward sprial we are in now.

Historicaly that means either all out cival war and or revolution.

<Rant,Rant,Rant.......>


IMHO...

[cudvig]

Howie for president!

-Colin

[howslowcanyougo]

Originally Posted by cudvig

Howie for president!

-Colin

Not I!

Too much heat for trying to do the "right thing" for this guy.

It's like being a used car sales man, you COULD be honest, and not make any $!

[cudvig]

Still gotta respect him, I mean, you need quite a bit of votes to become a president.

-Colin

[Febo]

Or you just need to bitch and whine enough, and tie the elections up in supreme court *cough*2000*cough*

[Jakey]

Originally Posted by RLFebo

Or you just need to bitch and whine enough, and tie the elections up in supreme court *cough*2000*cough*

Oh here we go....

[cudvig]

Originally Posted by RLFebo

Or you just need to bitch and whine enough, and tie the elections up in supreme court *cough*2000*cough*

read quote blew. in my signature. Oh and go research some more.

Plus it really doesnt matter, he won again in 04 and we were already in a war then, so bitch all you want.

Oh and we will beat you in 08 also.

-Colin

[Febo]

Originally Posted by cudvig

read quote blew. in my signature. Oh and go research some more.

Plus it really doesnt matter, he won again in 04 and we were already in a war then, so bitch all you want.

Oh and we will beat you in 08 also.

-Colin

Who ever said my response to the 2000 elections were partisan based, I dont go by party politics, I go by who can do the best job at the current time, so if the reps win again, I dont give a shit, if the dems win, i dont give a shit. Imagine that, an unbiased opinion. Besides, Bush won the electoral vote, not the popular vote, in both times. This countries voting system is fucked, but back to your guys fiscal rants.

[FattyBoomBatty]

Originally Posted by RLFebo

Or you just need to bitch and whine enough, and tie the elections up in supreme court *cough*2000*cough*

HAHA. this board is all messed up. at first i thought this thread was full of democrats.

people too spread apart and inflexible on politics. everyone knows bush's plan is to make the rich richer and the poor poorer - it's the idea behind aristocracies. why the new thread about it?

[CDeutsch]

Nice post Howie! That's exactly how I feel about it.

[CVD]

Gimme a break. That street goes two ways, Gore only stepped down when his chance of winning dropped to zero.

[Jakey]

On a similar subject, more wonderful government fiscal policy.
http://www.foxnews.com/story/0,2933,190745,00.html

I still wonder why the hell we need an indoor rain forest in Iowa (discussed in the 2004 Pig Book), especially now that they're getting the construction site narrowed down.

[awd-drifter]

his point of view would be so different if he saw and lived how we see how does his job...

[SuperSleeper]

Originally Posted by awd-drifter

his point of view would be so different if he saw and lived how we see how does his job...

Can someone please translate that to English?

[clean2g]

I'm just fucking pissed because I'm already so damn poor and I can't even afford my own place, or to pay for college, but yet I had to cut a check for a 1/4 of all the money I have?? Is it just me or is something not right here? Go after someone that actually HAS some money. That bush stuff is old news.. that was already known when he was running for election the first time.. I mean fuck, I used to live in TX and we knew he was doing that as governor!