What ever happen to Paul Ryan?

By Jarod's logic the President could cut taxes every year yet never have the tax rate move. The President could say "I was a major tax cutter. I cut taxes eight times" although the actual tax rate never changed.
 
Jarod is ignoring the fact that taxes actually went up on everyone, on account of the payroll tax holiday expiring. Granted, it was necessary to let it go, but now we have politicians on both sides claiming they prevented any tax increase on the middle class, which is completely dishonest.
 
cawacko said:
By Jarod's logic the President could cut taxes every year yet never have the tax rate move. The President could say "I was a major tax cutter. I cut taxes eight times" although the actual tax rate never changed.
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NOt unless there was a law about taxes that was set to exipre every January 1st.
 
cawacko said:
By Jarod's logic the President could cut taxes every year yet never have the tax rate move. The President could say "I was a major tax cutter. I cut taxes eight times" although the actual tax rate never changed.
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Okay, but the tax rate was due to change, on December 31, 2012. When something expires, what does that mean to you?
 
Rana said:
Okay, but the tax rate was due to change, on December 31, 2012. When something expires, what does that mean to you?
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If I pay taxes at a 20% rate in 2012 and I pay taxes at a 20% rate in 2013 I didn't get a tax cut. A tax cut indicates that I paid a lower rate. A tax increase indicates I paid a higher rate. Extending the current rate that is schedule to expire and go to a higher rate is preventing an increase but its not cutting taxes. Otherwise you could have the example that I gave above about cutting taxes numerous times but the rate never moving.
 
Bush passed a temporary limited tax cut. It was in place for a limited amount of time.

Obama passed a permanent tax cut. It will be in place until Congress takes action to change it.
 
cawacko said:
If I pay taxes at a 20% rate in 2012 and I pay taxes at a 20% rate in 2013 I didn't get a tax cut. A tax cut indicates that I paid a lower rate. A tax increase indicates I paid a higher rate. Extending the current rate that is schedule to expire and go to a higher rate is preventing an increase but its not cutting taxes. Otherwise you could have the example that I gave above about cutting taxes numerous times but the rate never moving.
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If you cant see that the taxes were always going to be higher in 2013 until the President took action, you are very dim.
 
cawacko said:
If I pay taxes at a 20% rate in 2012 and I pay taxes at a 20% rate in 2013 I didn't get a tax cut. A tax cut indicates that I paid a lower rate. A tax increase indicates I paid a higher rate. Extending the current rate that is schedule to expire and go to a higher rate is preventing an increase but its not cutting taxes. Otherwise you could have the example that I gave above about cutting taxes numerous times but the rate never moving.
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Okay, cawacko, your taxes weren't cut, but mine were, how is that. Your glass is half empty, my glass s half full, you are the pessimistic type, me, the pop eyed optimist!
 
Rana said:
Okay, cawacko, your taxes weren't cut, but mine were, how is that. Your glass is half empty, my glass s half full, you are the pessimistic type, me, the pop eyed optimist!
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You're free to call it whatever you would like. Paying the same rate is not a cut.
 
My 2013 taxes were cut to the same level I paid in 2012, Thank you President Obama!
 
cawacko said:
You're free to call it whatever you would like. Paying the same rate is not a cut.
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It is a cut from the rate which was going to happen if the rate expired. Expired means no longer in effect. The new rate was higher, the new law lowered the rate. Hurray! Hurray! My taxes are lower!
 
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