Republicans Want to Raise Taxes on the Lower and Middle Class - GoFuckYourself.com

J. Falcon · 09-01-2011, 12:19 PM

Quote:

America?s presumably anti-tax party wants to raise your taxes. Come January, the Republicans plan to raise the taxes of anyone who earns $50,000 a year by $1,000, and anyone who makes $100,000 by $2,000.

Their tax hike doesn?t apply to income from investments. It doesn?t apply to any wage income in excess of $106,800 a year. It?s the payroll tax that they want to raise ? to 6.2 percent from 4.2 percent of your paycheck, a level established for one year in December?s budget deal at Democrats? insistence. Unlike the capital gains tax, or the low tax rates for the rich included in the Bush tax cuts, or the carried interest tax for hedge fund operators (which is just 15 percent), the payroll tax chiefly hits the middle class and the working poor

Full story here: LINK

IllTestYourGirls · 09-01-2011, 12:22 PM

I thought if you let something expire its not a tax increase? j/k

Not all Republicans are for this (like Ron Paul). Mostly neocons for it.

12clicks · 09-01-2011, 12:25 PM

bronco67 · 09-01-2011, 12:33 PM

It would make sense that anyone that makes under $20,000 a year should be exempt from taxes, and the more your income is, the more of a percentage you'd have to pay.

But that makes too much sense.

Barry-xlovecam · 09-01-2011, 12:47 PM

So, what's new about this really?

J. Falcon · 09-01-2011, 12:48 PM

Quote:

Originally Posted by bronco67

It would make sense that anyone that makes under $20,000 a year should be exempt from taxes, and the more your income is, the more of a percentage you'd have to pay.

But that makes too much sense.

Are you communist?

>That's what some idiots in the US would argue.

IllTestYourGirls · 09-01-2011, 01:06 PM

Quote:

Originally Posted by bronco67

It would make sense that anyone that makes under $20,000 a year should be exempt from taxes, and the more your income is, the more of a percentage you'd have to pay.

But that makes too much sense.

So you are saying that a "rich" person has less of a right to their property than a "poor" person?

raymor · 09-01-2011, 01:30 PM

Quote:

Originally Posted by bronco67

It would make sense that anyone that makes under $20,000 a year should be exempt from taxes, and the more your income is, the more of a percentage you'd have to pay.

But that makes too much sense.

So you are proposing that nothing changes. Currently, the first $9,000 or more is no. subject to income tax sure to the standard deduction and personal exemption. Through in the earned income credit and/or other credits and many people in the $20,000 range pay negative taxes. That is, their "refund" is more than their withholding. Overall, 51% of Americans pay zero net income tax or less. See:
http://m.theatlantic.com/business/archive/2011/05/51-of-americans-pay-no-federal-income-taxes/238329/

That's why it's impossible to cut taxes on people making less than $15,000.
Since already they pay no taxes, you can't reduce their income tax any further.
Hence, any reduction in tax rates primarily affects directly those who pay taxes, what Obama calls "the rich".

Sunny Day · 09-01-2011, 01:49 PM

Quote:

Originally Posted by IllTestYourGirls

So you are saying that a "rich" person has less of a right to their property than a "poor" person?

But the rich get tax deductions, not allowed the poor.

Nikki_Licks · 09-01-2011, 01:59 PM

How about they take a pay cut first

Sly · 09-01-2011, 02:02 PM

I do not understand how letting a tax cut expire equates to raising taxes today anymore than I did a few years back when the Republicans were throwing a shit fit about it.

_Richard_ · 09-01-2011, 02:09 PM

Quote:

Originally Posted by J. Falcon

Are you communist?

>That's what some idiots in the US would argue.

funny how it works out to be socialism for the rich, capitalism for the poor

good luck with the next world war, communists.

D Ghost · 09-01-2011, 02:09 PM

Funny how Republicans claim to be for small government. Unless it's messing with your rights as a human being, then it's ok to have government breathing down your neck. The only time they really want small government is when it comes to private companies.

It should be smaller gov across the board. I do not agree with the positions of most major Republicans or Democrats.

_Richard_ · 09-01-2011, 02:13 PM

anyway, isn't this article just saying tptb are restoring a previous payroll deduction cut?

so instead of 4.2% is now 6.2%, or what it should be

marketsmart · 09-01-2011, 02:17 PM

the problem is that any tax increases are not going to go towards decreasing the deficit, they will go to increased spending..

.

12clicks · 09-01-2011, 02:22 PM

Quote:

Originally Posted by bronco67

It would make sense that anyone that makes under $20,000 a year should be exempt from taxes, and the more your income is, the more of a percentage you'd have to pay.

But that makes too much sense.

That only makes sense amongst the bottom dwellers.

Robbie · 09-01-2011, 02:23 PM

Quote:

Originally Posted by bronco67

It would make sense that anyone that makes under $20,000 a year should be exempt from taxes, and the more your income is, the more of a percentage you'd have to pay.

But that makes too much sense.

Why does that make sense? Why should a dumbass making 19,000 not have to pay any tax and yet still get every benefit?

How about EVERYBODY pay 10%. NO deductions allowed.

The 20,000 guy pays $2,000 in taxes. The 2 MILLION dollar guy pays $200,000 in taxes
The BILLION dollar guy pays 100 MILLION dollars in taxes.

No deductions, no b.s., no "special favors" Everyone pays equally and everyone benefits equally.

That Billion dollar guy is probably paying the same as the $20,000 guy with todays tax code: ZERO

If EVERYONE paid the same percentage we would have more than enough revenue. And there would never be any "tax hikes" or "tax breaks".

12clicks · 09-01-2011, 02:24 PM

Quote:

Originally Posted by Sunny Day

But the rich get tax deductions, not allowed the poor.

Ahahaha, like what?

12clicks · 09-01-2011, 02:25 PM

Quote:

Originally Posted by J. Falcon

Are you communist?

>That's what some idiots in the US would argue.

No, he's part of the gutless underbelly of society that think their betters should pay their way for them.

KillerK · 09-01-2011, 02:34 PM

Quote:

Originally Posted by bronco67

It would make sense that anyone that makes under $20,000 a year should be exempt from taxes, and the more your income is, the more of a percentage you'd have to pay.

But that makes too much sense.

Because I work harder, smarter,luckier, I should pay more? WTF

If anything, taxes should be the same, if you make $5 or you make $5billion.

You all pay X %. No deductions, just a flat tax.

12clicks · 09-01-2011, 02:48 PM

Why is it the rich's fault that the poor fail?
Why is it the rich's responsibility to waste money on the poor?
You're poor for a reason and it has nothing to do with anyone but yourself

DudeRick · 09-01-2011, 02:56 PM

Quote:

Originally Posted by Sunny Day

But the rich get tax deductions, not allowed the poor.

The poor pay nothing, so whats your point?

BloodFart · 09-01-2011, 03:53 PM

yup as I watch democrats raise every fee imaginable from dog licenses to car titles, but that doesn't count because they don't refer to it as a tax right? $75 for a car title in my state, i know printer ink isnt cheap but come the fuck on!

Grow up, BOTH parties are out to screw you out of as much money as possible without pushing it so hard as to cause a revolt!

Robbie · 09-01-2011, 03:58 PM

Quote:

Originally Posted by BloodFart

Grow up, BOTH parties are out to screw you out of as much money as possible without pushing it so hard as to cause a revolt!

That is the truth.

DaddyHalbucks · 09-01-2011, 04:08 PM

Quote:

Originally Posted by Sunny Day

But the rich get tax deductions, not allowed the poor.

The rich also provide alot of economic value, such as by creating jobs.

My Pimp · 09-01-2011, 04:11 PM

They go to fare .

09-01-2011, 12:22 PM	#2
IllTestYourGirls Ah My Balls Industry Role: Join Date: Feb 2007 Location: Under the gold leaf ICQ 388-454-421 Posts: 14,311	I thought if you let something expire its not a tax increase? j/k Not all Republicans are for this (like Ron Paul). Mostly neocons for it. __________________

09-01-2011, 12:25 PM	#3
12clicks Too lazy to set a custom title Industry Role: Join Date: Jan 2001 Location: God's right hand Posts: 19,785	__________________ I'm not a dinosaur, I'm a crocodile. I've seen dinosaurs come and go and I'm left unimpressed.

09-01-2011, 12:33 PM	#4
bronco67 Too lazy to set a custom title Join Date: Dec 2006 Posts: 29,032	It would make sense that anyone that makes under $20,000 a year should be exempt from taxes, and the more your income is, the more of a percentage you'd have to pay. But that makes too much sense. __________________

09-01-2011, 01:59 PM	#10
Nikki_Licks Confirmed User Join Date: May 2005 Location: Behind The Lens Posts: 6,323	How about they take a pay cut first __________________ Amateur Content ICQ: 292 356 077

09-01-2011, 02:02 PM	#11
Sly Let's do some business! Industry Role: Join Date: Sep 2004 Location: Austin, TX Posts: 31,296	I do not understand how letting a tax cut expire equates to raising taxes today anymore than I did a few years back when the Republicans were throwing a shit fit about it. __________________ Vacares - Web Hosting, Domains, O365, Security & More - Paxum and BTC Accepted Windows VPS now available - just $50/mo Wanted: CCBill pay sites for sale

09-01-2011, 12:47 PM	#5
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	So, what's new about this really?

09-01-2011, 02:09 PM	#13
D Ghost null Industry Role: Join Date: May 2006 Posts: 9,820	Funny how Republicans claim to be for small government. Unless it's messing with your rights as a human being, then it's ok to have government breathing down your neck. The only time they really want small government is when it comes to private companies. It should be smaller gov across the board. I do not agree with the positions of most major Republicans or Democrats.

09-01-2011, 02:13 PM	#14
_Richard_ Too lazy to set a custom title Industry Role: Join Date: Oct 2006 Location: Vancouver Posts: 30,985	anyway, isn't this article just saying tptb are restoring a previous payroll deduction cut? so instead of 4.2% is now 6.2%, or what it should be

09-01-2011, 02:17 PM	#15
marketsmart HOMICIDAL TROLL KILLER Industry Role: Join Date: Dec 2004 Location: Sunnybrook Institution for the Criminally Insane Posts: 20,419	the problem is that any tax increases are not going to go towards decreasing the deficit, they will go to increased spending.. .

09-01-2011, 02:48 PM	#21
12clicks Too lazy to set a custom title Industry Role: Join Date: Jan 2001 Location: God's right hand Posts: 19,785	Why is it the rich's fault that the poor fail? Why is it the rich's responsibility to waste money on the poor? You're poor for a reason and it has nothing to do with anyone but yourself __________________ I'm not a dinosaur, I'm a crocodile. I've seen dinosaurs come and go and I'm left unimpressed.

09-01-2011, 03:53 PM	#23
BloodFart Confirmed User Join Date: Feb 2004 Posts: 728	yup as I watch democrats raise every fee imaginable from dog licenses to car titles, but that doesn't count because they don't refer to it as a tax right? $75 for a car title in my state, i know printer ink isnt cheap but come the fuck on! Grow up, BOTH parties are out to screw you out of as much money as possible without pushing it so hard as to cause a revolt! __________________ Jesus = harry potter 2000 years ago.

09-01-2011, 04:11 PM	#26
My Pimp Confirmed User Join Date: May 2003 Posts: 1,201	They go to fare .