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Tax Policy Effect
Message
From
30/11/2010 19:38:00
 
General information
Forum:
Politics
Category:
Other
Miscellaneous
Thread ID:
01491207
Message ID:
01491267
Views:
51
?????
Seeing ghosts where there are none maybe.... ?
Enjoy your book! I've just started another Carl Haasan...

>Yes. Good night. I am either going to watch a Dexter episode or read the current escapist book. (Harlan Coben, who is a lot better than I suspected). Please yank someone else's tail.
>
>>Did you even read my message?
>>
>>>There is no doubt at all among economists that extending the tax cuts to the wealthy (income over 250K/year) will cost more and add more to the deficit than any other proposal on the table or any war already underway. It's a gigantic transfer of wealth from the struggling to the already wealthy. If you want to see some numbers on the transfer of wealth to the richest Americans over the past generation, I can dig them up.
>>>
>>>What's amazing is that those with threadbare pockets are all for the party doing it. I wonder when they will finally realize they are being suckered.
>>>
>>>
>>>>I've watched MSNBC on how extending unemployment benefits will have the greatest job benefit of all the proposed policies. However, the one policy (extending the Bush tax cuts) which the CBO doesn't think will have any great impact on the number of jobs, it definitely will have an impact on the average person's taxes:
>>>>
>>>>Well, if CNN is accurate, there is more to it than we thought. Just look at the chart.
>>>>
>>>>Bush tax cuts: Cutting through the noise
>>>>The convoluted debate over whether to extend the Bush tax cuts will just grow louder. So here's some clarity on what the to-and-fro is really all about.
>>>> http://money.cnn.com/2010/11/15/news/economy/bush_tax_cuts_faqs/index.htm
>>>>
>>>> The taxt chart only:
>>>> http://i2.cdn.turner.com/money/2010/11/15/news/economy/bush_tax_cuts_faqs/chart_bush_tax_cuts.top.gif
>>>> Tax Policy Estimator:
>>>> http://calculator.taxpolicycenter.org/
>>>>
>>>>
>>>>What I don't understand is why the system cannot isolate those small businesses who file personal income tax returns, employ fewer than 25, and whose income is greater than 250,000 but less than 300,000 and allow that small group to continue to receive the tax cut but remove it for everyone else who earns above 250,000? Get the small business each hiring 5 more employees without a tax hit but remove the tax cut for everyone else above that income level?
>>>>
>>>>Only provide the tax cut if they actually hire 5 more employees (actually total number of employees must increase not just fire/hire) and their income remains under 300,000/yr.
>>>>
>>>>
>>>>The jobs issue:
>>>>GOP chooses wealthy over U.S. economy
>>>>Nov. 29: Rachel Maddow talks with The Huffington Post's Sam Stein about Republican insistence on tax cuts for the extremely wealthy despite the CBO having shown that to be the least stimulative means of helping the economy.
>>>>http://www.msnbc.msn.com/id/21134540/vp/40425400#40425400
.·*´¨)
.·`TCH
(..·*

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"When the debate is lost, slander becomes the tool of the loser." - Socrates
Vita contingit, Vive cum eo. (Life Happens, Live With it.)
"Life is not measured by the number of breaths we take, but by the moments that take our breath away." -- author unknown
"De omnibus dubitandum"
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