BASIC ECONOMICS FOR THE RETARDS - About deficits

Topspin said:
Your exactly right, but It like saying you have a car and its a Yugo.
My tax cut didn't cause me to spend even $1 more.
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It's even worse, it's like the government is outlawing your car, but HEY... everyone is getting a new bicycle!

You have to understand, Onzies is attracted to shiny objects!

First of all, people who make less than $200k, pay a very small fraction of the taxes. In fact, most of them pay no tax at all. Now, how can people who pay no tax, get a "tax cut?" Well, it's called a "rebate" and it comes from those who actually DO pay taxes.

In the meantime, our state and local taxes and property taxes have increased, almost across the board. Thanks to the new "green" legislation, our energy costs will double, they've already admitted this will happen. The value of the US dollar is still in free fall, no one wants to invest in it. Our 401k's are essentially worthless, with no sign of investments ever turning around, and Social Security is broke, so we have no retirement... but it's okay, we're all getting a tax cut! Unemployment continues to rise, we are bleeding about a half million jobs a month, and they aren't going to come back. People who are unemployed do not pay taxes. The market continues to flounder, and our homes are not even worth what we owe on them, due to the housing market crash.... but hey... we're all getting a tax cut!

Here's the bottom line to Onzies propaganda koolaid... Those who pay enough taxes that a 'tax cut' would mean something to, are NOT getting a tax cut, they are going to have a massive tax increase. Those who pay very little or NO tax, will get what is being called a "tax cut" but is actually a hand out or redistribution of wealth. On average, this will not amount to much actual money, and it certainly doesn't offset the increases in cost of living we are going to experience. In the end, we are far worse off with this boondoggle Onzies calls a tax cut!
 
belme1201 said:
No, you have.
ALL working people who receive a check pay taxes. Payroll taxes are taxes, and in many cases they exceed what the wealthy pay as a portion of their income.
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Here you go, obfuscating again. :rolleyes:

Obama was brilliant and creative when he redefined the meaning of what a "tax cut" IS. Does that sound familiar? Not only was it disingenuous, but misleading as well.
 
TuTu Monroe said:
Here you go, obfuscating again. :rolleyes:

Obama was brilliant and creative when he redefined the meaning of what a "tax cut" IS. Does that sound familiar? Not only was it disingenuous, but misleading as well.
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it was freaking Genius,
it's exponentially higher than what was ever asked for under reparations.
Change the name and get boat loads more.:eek:
 
It takes a huge amount of spin for Dixie to try to argue that those making under $200K - in short, most Americans - hardly pay any taxes anyway.

What's all the hubbub about, then? Were the TEA people all millionaires?

Good call, once again Dix....
 
SmarterThanYou said:
obscene bonus culture......before or after the 'bailout'?
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That is a stupid question, it was obscene before the bailout and it is many times more obscene now after the bailout. Goldman Sachs was saved from extinction by a $6 billion loan and now thinks it is back to business as usual as far as they are concerned. By the way, is your posting name meant to be ironic?
 
Onceler said:
It takes a huge amount of spin for Dixie to try to argue that those making under $200K - in short, most Americans - hardly pay any taxes anyway.

What's all the hubbub about, then? Were the TEA people all millionaires?

Good call, once again Dix....
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i took his comment to mean that they pay a small fraction of the total income taxes taken....are you saying the top 5% of income earners don't pay over 50% of total income taxes?
 
Dixie said most people under $200K pay no tax at all.

I guess he doesn't doesn't consider the cigarette tax to be as egregious as you do.

Anyhoo, Obama promised a tax cut for those under $200K, and delivered.
 
Onceler said:
Dixie said most people under $200K pay no tax at all.

I guess he doesn't doesn't consider the cigarette tax to be as egregious as you do.

Anyhoo, Obama promised a tax cut for those under $200K, and delivered.
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sure.....a slight of hand...a small tax cut here (most were tax credits, not cuts) and raise taxes over here...

he's good....and i've yet to see you explain how any of these cuts have been recieved by the american people
 
tom prendergast said:
That is a stupid question,
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no, it's NOT a stupid question because I wanted to know if I should body slam you for calling bonuses from corporate capital money obscene or bonuses from tax payer funded loans obscene.

tom prendergast said:
it was obscene before the bailout
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which indeed means you need to be slammed because it's corporate money, not my tax payer dollars.

tom prendergast said:
and it is many times more obscene now after the bailout.
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this is the only thing you got right.


tom prendergast said:
Goldman Sachs was saved from extinction by a $6 billion loan and now thinks it is back to business as usual as far as they are concerned.
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of course they do. so maybe the dems will get a spine for once and tell them 'not with taxpayer dollars.


tom prendergast said:
By the way, is your posting name meant to be ironic?
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whether it is or not, it's quite appropriate when debating with you.
 
Onceler said:
Dixie said most people under $200K pay no tax at all.

I guess he doesn't doesn't consider the cigarette tax to be as egregious as you do.

Anyhoo, Obama promised a tax cut for those under $200K, and delivered.
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No he didn't... and cigarette tax just went up, to the tune of about $6 a carton in my state. How is THAT a "decrease" in taxes?
 
SmarterThanYou said:
no, it's NOT a stupid question because I wanted to know if I should body slam you for calling bonuses from corporate capital money obscene or bonuses from tax payer funded loans obscene.


which indeed means you need to be slammed because it's corporate money, not my tax payer dollars.

this is the only thing you got right.


of course they do. so maybe the dems will get a spine for once and tell them 'not with taxpayer dollars.


whether it is or not, it's quite appropriate when debating with you.
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That corporate money was generated on the back of the casino mentality in Wall Street and London which has been responsible for so many people losing their houses, jobs and self worth. It was the short termism manifest in the bonus culture which caused brokers and dealers to take ever increasing risks using so called financial instruments which were nothing more than the modern equivalent of junk bonds beloved by the likes of Michael Milken in the eighties.
 
Dixie said:
No he didn't... and cigarette tax just went up, to the tune of about $6 a carton in my state. How is THAT a "decrease" in taxes?
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You said most people under $200K don't even pay taxes.

You obviously don't consider it to be that serious.

You can't have it both ways; either people under $200K got a significant tax decrease, or the cigarette tax doesn't really mean anything.

Ha ha.
 
belme1201 said:
No, you have.
ALL working people who receive a check pay taxes. Payroll taxes are taxes, and in many cases they exceed what the wealthy pay as a portion of their income.
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If a person has $1,500 in tax withholding throughout the year, and then they get a $1,500 tax refund, they are effectively paying no taxes.

How much is withheld is payroll taxes has nothing to do with it. If one president had the withholdings at $1,500 and they got back $1,500, and another president had the withholdings at $1,000 and they got back $300, which president taxed the people the most?

Thats not how it works, but you should get the idea.

The reason so many poorer people have such high withholdings and so many wealthy people do not have withholdings is about who understands how to manage their money and who does not.

The poorer ones give the government an interest free loan and see the refund as a "gift" from Uncle Sam. The wealthier understand that the money is theirs to begin with and that they can use it until they are required to pay their taxes.
 
Dixie said:
First of all, people who make less than $200k, pay a very small fraction of the taxes. In fact, most of them pay no tax at all!
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Your state doesn't have gasoline tax, sales tax, property tax, excise tax, and payroll tax???

What kind of magical, NeoCon paradise do you live in??????
 
Onceler said:
Dixie said most people under $200K pay no tax at all.

I guess he doesn't doesn't consider the cigarette tax to be as egregious as you do.

Anyhoo, Obama promised a tax cut for those under $200K, and delivered.
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Oh, puleeeze, we are talking about Federal Income Taxes only. Obviously, none of you lefties understand which is not surprising. :(
 
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