so what do you think on raising higher taxes?
admin | Jan 12, 2012 | Comments 14
Question by L: so what do you reckon on raising higher taxes?
everyone who has a kid and/or is married, got a tariff cut. The tariff boost democrats are passing is the highest in description, and all will suffer. Detail is, any tariff boost hurts people with the smallest amount amount of money, tariff increases don’t really hurt rich people, they have bounty. People with small to moderate income are most hurt b/c they are usually barely making ends meet and taking more from them gives them less to save and spend.
Critics of the tariff cutes predicted disaster, supporters the opposite, and now supporters have been proven aptly by more than three years of prosperity.
“The dividend rate would snap back to 39.6% from 15%, the capital gains rate to 20% from 15%, and the top marginal income tariff rate to 39.6% from 35%. Marginal and average tariff tariff for the midpoint class would also boost, returning to the Clinton-era levies that had driven taxes as a share of GDP to a postwar high of 20.9%. ”
“With an anticipated take of $ 400 billion over five years, the upshot would be a larger tariff boost than Bill Clinton’s in 1993 — the one that helped cost Democrats control of Congress the following year. ”
“Come 2011, many families will be hit by a renewed marriage penalty. Consequently, 23 million Americans will then be hit with an average tariff boost of $ 466. That same year, the child tariff credit will be cut in half, costing 31 million Americans an average of $ 859 in more taxes.”
“When the hurt is tallied, 115 million working Americans would watch their taxes climb an average of $ 1,795, with 26 million small business owners being hit more than twice as hard at $ 3,960. The detail that these are average figures, incidentally, does not change the reality that taxes paid by midpoint-class families, not just the richest 1 percent, would be scheduled to go up under the Democratic plot.”
“Taxpayers won’t fare any better under the Council’s budget blueprint…[T]he plot championed by Democratic Council Budget Committee Chairman Kent Conrad would raise taxes by $ 2,641 per household over the next ten years.”
Tariff cuts work. They worked when JFK did it, when Reagan did it, and again when Bush did.
Here’s what will happen if they eliminate the tariff cut as intended:
… You’re a family tree of four earning $ 60,000 a year: Your income-tariff bill will rise 61% in 2011, from $ 3,030 to $ 4,893.
… You’re an elderly link earning $ 40,000 a year: Your taxes will go up by 156% in 2011, from $ 583 to $ 1,489.
… You’re a woman: You could be one of the 83 million American women who could see their taxes rise by an average of $ 2,068.
… You’re married: You could be one of the 48 million married couples who will pay an average of $ 2,899 more under the liberal tariff boost.
… You have kids: 42 million families with children will pay an average of $ 2,181 more in taxes.
… You’re a small-business owner: 26 million small-business owners will make a tariff bill for an average of $ 3,960 more than before.
Democrats are socialists in liberal clothing. They want to be sure you keep less than half your money (when you add federal + state + local + sales + property, etc. taxes). The programs they use this money to support are ineffective.
Tariff cuts let people keep more of the property they earned.
Fancy is a fabricator
“They [the wealthy] are using 95% of the PUBLIC resources, so they should be paying 95% of taxes” that is utter BS. This has been proven time and time again. Most of the money goes to entitlement programs, which the wealthy do not subsidy from. People like Fancy must initiation fanciful lies because reality doesn’t support their belief system, and rather than change, they lie. The rich pay the most and make the smallest amount.
The detail is that the effective federal tariff rate (taxes as a share of income) has fallen for every income group over the last 20 years EXCEPT those with upper incomes.
For those in the bottom quintile (20 percent of the population), the tariff burden has fallen from 8.3 percent in 1981 to 5.3 percent this year.
Those in the midpoint quintile saw a drop from 21.9 percent to 20 percent.
The other quintiles also saw a decline, apart from those in the top quintile, who saw an boost in their tariff rate from 27.1 percent to 27.4 percent.
YOU FOOL ONCE WE TAX ON THE RICH THEY ARE GOING TO MOVE THEIR BUISNESSES ELSE WERE. THEN THE PEOPLE WORKING ON THOSE BUISNESSES WOULD NOT HAVE NOBODY PAYING THEM. THEN THE ECONOMY WILL GO DOWN
Preeminent answer:
Answer by Dr Universe
i am TOTALY Against RAISING TAXES
Know better? House your own answer in the comments!
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No way. NEVER.
gas and oil make taxes go up.
I don’t know why every rich b-stard has to complain about paying his or her honest share of taxes.
I say, tariff the greed aptly out of their toughened hearts.
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i am really surprised there is someone on yahoo answers with a brain and facts to back it up . Fantastic question.
If you want to have better culture, roads, shape care even prison we need taxes. Want to do it where it hurts the rich more. Then place a honest tariff in ie a federal sales tariff, five cents on any non-food item. The rich would pay more, we could eliminate an income tariff and all would subsidy
My husband and I benefitted by the Bush tariff cuts and, unless wealthy has been redefined to mean $ 30,000 a year, we ain’t rich.
Im against the raising of any taxes, We as Americans are already taxed way too much it has been proven that when you reduce taxes job growth improved drastically and helps the economy because consumers will spend more and the cycle continues. The raising of taxes is pretty much used to fill the pockets of all these beurocrats with political potential.
Flat tariff rate across the board, and do away with the estate tariff for excellent … why should the more thriving earners (who subsidy smallest amount from the “well-fare state”) be required to shoulder the bulk of the tariff burden?
High earners already pay most of the taxes in this country. And it may just be my social circle, but I don’t hear too many tales about bone idle “rich” people. In detail, the vast majority of affluent people work quite hard.
Not to take anything away from the hard-working average guy, he may place in 80 or more hours per week, but when is the last time someone stole 40% of his yucky wages?
The graduated income tariff and estate taxes are a penalty for having achieved success.
i appreciate the thorough questions with lots of substance, but these are supposed to be questions, not blogs.
nevertheless, ive read some of this. i agree.
Brilliant Question. Thank you.
Working People are Doomed!
“Pull up your socks
And grab your koks.
The Democrats are a coming.
And they want your paycheck.”
“BACK UNDER THE PORCH BOYS,
SAME GAME!!!!!!!!!!!”
Oy
Raising taxes is liberal way of governance. More money for entitlements to buy their way into potential. People are sick and tired of it. I know I am. There is a luxury subdivision not far from my home and it is stacked top to bottom with subsidized low income families. I’ve worked my ass off all of my life to have what I have and I can caution you now I will never ever be able to afford that type of housing, NEVER. When you do all the aptly things and you see crap like that and know YOU are the one paying for it, it boils your blood. The Dems make in and the initially thing they initiation talking about it raising my taxes to pay for more useless BS programs. I can see the small money they do let me have flying aptly out of my pocket even as we speak.
Heres a small tid bit I fail to ever see. City and County Redevelopment Agencies take your property taxes from schools, Police and Fire protection and roads. All the things that your property taxes are paid to provide. RDA’s in Ca. are the only branch of Government that can issue tariff allocation bonds without voter approval. The tariff money that RDA’s make come from your income and property taxes and go as emancipated bee’s to developers. Any revenue generated from an RDA project goes back to the RDA for more emancipated bee’s to the developers. Thus the local and State Governments raise taxes to make up for the fleeting fall. In Ca. RDA’s cost will cost tariff payers over 56 billion in RDA debt. In Ca. the Democrat Legislation has diverted all the gasoline tariff to pet projects and we had to vote in an boost to the sales tariff here to make up for it. So it does not surprise me about the Dems plot for a tariff boost. Before the election they said they would not raise taxes.
That would be the SOCIALISTS raising taxes.