its funny that you jokingly say that, but its the truth.
well, my family did get a rather sizeable tax refund (hah, i wish).
and i had to pay all 24k of my college tuition this year.
shit I wish I had my Al Fraknen book here with me. He spent like 3 chapters on this and I swear I was just read it like 3 hours ago. Its rediculous where the tax cuts actually go, and how they distort figures to make it seem like the middle and lower class are getting hooked up. But in 100% no bullshit non partisan honesty, they really arent.
Please, read this article from the Detroit News. Just read it with no bias in your head and read about where the tax cuts really go. Its SO frustrating when people on here come on talking about how the tax cuts are great and how the money really helps out people like us and Bush is great and can do no wrong, but it DOESNT. People write off everything I say as :blah: Its all right in this article and in these links ive posted in this thread. Its all there. I guarantee those that make these stupid ass claims never even bothered to look into it. Like Hycomp telling me that im “spewing misinformation” about the estate tax when I’m 100% totally right with the freaking IRS website to back me up. Im sure he’ll try to spin it some other way though and SNS and all the bush sackriders will come to his rescue, cause I’m just a Bush hating pussy ass bleading heart pacifist liberal douchebag that doesnt know what the fuck he’s talking about.
go fist yourselves. Maybe the jolt will wake you up and make you take an honest whif of the world around you. bitches.
DETROIT — The Bush administration and Congress have scaled back programs that aid the poor to help pay for $600 billion in tax breaks that went primarily to those who earn more than $288,800 a year.
To offset the loss of the tax revenue, the administration has amassed record federal deficits and trimmed social spending.
The affected programs — job training, housing, higher education and an array of social services — provide safety nets for the poor. Many programs are critical elements in welfare-to-work initiatives and were already badly underfunded.
A six-month Detroit News investigation showed that as a result of the withering government assistance, working poor and destitute Americans are increasingly likely to be placed on waiting lists for help, receive reduced services, or be denied service entirely.
The News, after interviewing scores of people across the United States and examining thousands of pages of federal and state financial records, determined the loss of services cost many poor Americans more money than they saved from the tax cuts.
In many cases, the poorest lost services and got no tax cut at all.
The analysis of the three Bush tax cuts is based in part on estimates by the Center on Budget and Policy Priorities, using data from the nonpartisan Congressional Budget Office.
The poorest 20 percent of workers, who earn on average $16,600 annually, will get a tax break of $250 this year, which is less than 2 percent of their income. That amounts to about 68 cents a day.By comparison, the richest 1 percent, with average incomes topping $1.1 million, will receive $78,460 in tax cuts this year. That is nearly 7 percent of their income.
For the poor, inequities of the Bush tax cuts are further exacerbated by the long-standing disparities in the Social Security tax, which has increased nine times since 1977.
Earnings are taxed for Social Security at a rate of 6.2 percent on income up to $87,900. But there is no Social Security tax on income above that amount. For America’s poorest workers — those who struggle to make ends meet — every dollar is subject to the Social Security tax.
The richest 10 percent, who make on average $288,800, will pay less than 2 percent of their income for Social Security.
In fact, while most workers pay into Social Security all year, millionaires — who pay less than half a percent — would be finished paying it by the first four weeks of the year.
For taxpayers who earn more than $87,900, it amounts to an estimated $85 billion break.
Meanwhile, the Bush tax breaks for the richest 10 percent this year alone will total $148 billion.
That is twice as much as the government will spend on job training, $6.2 billion; college Pell grants, $12 billion; public housing, $6.3 billion; low-income rental subsidies, $19 billion; child care, $4.8 billion; insurance for low-income children, $5.2 billion; low-income energy assistance, $1.8 billion; meals for shut-ins, $180 million; and welfare, $16.9 billion.
The reduction in government assistance that accompanied the tax cuts couldn’t come at a worse time.
The number of Americans living in poverty has risen 10 percent since 2000, after falling in the late 1990s. Nearly 36 million Americans — one in eight — now live in poverty and tens of millions more are considered working poor.
not to mention that we are giving all the rich fucks TONS of money back, while our national debt it out of fucking control.
$ 7 , 9 2 5 , 1 0 6 , 7 7 9 , 3 8 1 . 8 2
8 TRILLION DOLLARS!
$1.54 billion per day since September 30, 2004!
Thats money we HAVE to pay back. The US is the equivalent of a meth head taking out credit cards to pay of credit cards to pay off credit cards. Our generation and our kids are gonna be the ones stuck with this shit, pissing away money on the war in Iraq and these rediculous tax cuts. We were projected to have a multi-trillion dollar surplus with which we could have used to put a huge dent into the natl debt, but nooo…
ummmm
The Debt To the Penny
Current Amount
09/16/2005 $7,919,996,476,821.03
and do you know how much the rich pay for the total tax revenue versus the poor?
i think whats he argueing is the tax break braket. why do the rich get a 7% and the lower part only get a 2% is what hes getting at.
Hmm, the IRS putting out information to make the taxes which they are collecting sound good, imagine that.
Let’s see, so in 2000 only 27 family owned farms would have had to sell out just to pay their taxes and they don’t mention how many of those other 300 would have to sell most of their liquid assets, you know, useless stuff to farmers like farm equipment, grain, misc. supplies, etc. that you cannot run a farm without. Keeping in mind these are people that work hard manual labor their whole lives and pay taxes during their whole life.
Are you really this stupid? Yes, only a small percent of americans will have the IRS knocking on their door telling them to pay up, but when they do pay up and family owned businesses sell out or go under as a result, many many more are affected.
You really have a narrow minded view of the world. Nothing happens in a vacuum.
Good point, the doctor should have determined an abortion was right for you.
:fart:
Because they are already paying somthing like 34% when the poor are only paying like 10%. So after the tax relief The rich are still paying 27% and the poor are only paying 8%.
I don’t have the exact numbers handy so don’t crusify me but thats how it works out.
umm the whole board if your in allegheny county right? occupational tax went to like 52 dollars this year right? / smart ass 
thats locally due to a retarded democrat named SMurphy. Not Bush…
:finger:
so your saing the riach pay 27% of their total wages in a year in taxes? or that the rich contribute 27% in revune every year? im lost on that one.
my example was cut and dry. Here is a good explination of it.
http://www.fairmark.com/begin/bracket.htm
Basically the more you make the more you pay. Most “poor” people pay the minimal 10% while the “rich” are paying the max 35%. So the rich are paying the bulk to begin with. How would it be fair that if you are paying 10% taxes to start with to get a giant 7% cut? It wouldn’t because you arn’t paying that much anyways.
Your 10% you are paying is not denting thier 35% by a long shot due to when the brackets take effect…
:bowrofl:
make the taxes they are collecting sound good? Why the fuck would the IRS care? If we dont think the taxes are good do we not have to pay them? Since when has the IRS been worried about its PR? Enough to put bald faced lies on its website? Why dont you come up with some links yourself? I’m sure you’ll be able to find plenty of them, since im just spewing misinformation and all that.
you’re a total douchebag. Total fucking douchebag. I’m fucking astonished. You have the audacity to say im spewing misinformation, then when I back up exactly what I said with a link from the IRS, you come back with this shit? Yeah, you’re not even worth responding to anymore. Get a fucking life.
a small percentage? 300 farms out of 300,000,000 people. Try .000001%.
I’m sure the economy would come to a screeching halt if those 300 farms had to be sold. If you knew anything about anything (which is painfully obvious you do not), you would know that the estate tax is a way to close a loophole in the capital gains tax. But, you dont, so I guess its a moot point.
300 million population estimated
10% bracket = rich
300,000,000 - 90% = 30,000,000
30,000,000 x 311,000 = 9,330,000,000,000 311,000 puts you in the 35% bracket. so i useed the lowest number
9,330,000,000,000 -65% = 6,064,500,000,000
9,330,000,000,000 - 6,064,500,000,000 = 3,265,500,000,000 total revenue from top 10%
so ill take the other 90% and say they are inbetween highest bracket and lowest bracket. so it would be 26.5% well use 25% since it is the next lower bracket
so
300,000,000 - 30,000,000 = 270,000,000
270,000,000 x 29,700 = 8019000000000
8019000000000 - 75% = 6014250000000
8019000000000 - 6014250000000 = 2,004,750,000,000 total revenue from 25% tax bracket. thats using the lowest level of income for that bracket.
and the average annual household income is > 29700
http://www.census.gov/hhes/income/income02/statemhi.html
i think this make sense. :dunno:
plus when rich people get more money in their pockets they spend it…whether it’s remodeling, buying a yacht, anything…then the money they spend goes back into the economic machine.
I know when I have more money I spend it. (I think thats my problem)
I don’t understand why people can’t see the reasoning behind the tax cuts. People get to keep more money…chances are they spend more money…the Government gets more money too cause of the increase in tax revenue from people spending more money on goods and services. Maybe that “rich” guy will hire a new employee that he wouldn’t have if he didn’t get a tax cut. It’s common sense.
Don’t be hating on rich people. They have worked for their money. Except for those instances when someone inherits money :-). But so what. This is a free country. Which means you can make as much money as you are willing to make. If someone can make more than you…quit crying about it and make some changes in your life!
bottom line is that VAST percentage of the tax breaks benefit the rich, and the small portion left over for the middle/lower class doesnt do anything for them.
so if we were growing up in the same school in the same area and i drove a ferrari and you drove a pinto, i lived in a mansion and you lived in a shack you wouldnt be upset?