everyone who has a kid and/or is married, got a tax cut. The tax increase democrats are passing is the highest in history, and all will suffer. Fact is, any tax increase hurts people with the least amount of money, tax increases don't really hurt rich people, they have plenty. People with little 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 tax cutes predicted disaster, supporters the opposite, and now supporters have been proven right 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 tax rate to 39.6% from 35%. Marginal and average tax rates for the middle class would also increase, 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 result would be a bigger tax increase 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 tax increase of $466. That same year, the child tax credit will be cut in half, costing 31 million Americans an average of $859 in more taxes."
"When the damage 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 fact that these are average figures, incidentally, does not change the reality that taxes paid by middle-class families, not just the richest 1 percent, would be scheduled to go up under the Democratic plan."
"Taxpayers won't fare any better under the Senate's budget blueprint...[T]he plan championed by Democratic Senate Budget Committee Chairman Kent Conrad would raise taxes by $2,641 per household over the next ten years."
Tax 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 tax cut as planned:
... You're a family of four earning $60,000 a year: Your income-tax bill will rise 61% in 2011, from $3,030 to $4,893.
... You're an elderly couple 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 tax increase.
... 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 get a tax 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.
Tax 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 benefit from. People like Fancy must create fanciful lies because reality doesn't support their belief system, and rather than change, they lie. The rich pay the most and get the least.
The fact is that the effective federal tax 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 tax burden has fallen from 8.3 percent in 1981 to 5.3 percent this year.
Those in the middle quintile saw a drop from 21.9 percent to 20 percent.
The other quintiles also saw a decline, except those in the top quintile, who saw an increase in their tax rate from 27.1 percent to 27.4 percent.
2007-05-17 11:56:19 · 16 answers · asked by Anonymous in Politics
Is there a trick to it?
2007-05-17 11:52:47 · 20 answers · asked by ecd1975 2 in Other - Politics & Government
"It's amazing the efforts the administration is going to stonewall this," Wyden said. "The American people have a right to know what the Central Intelligence Agency was doing in those critical months before 9/11.... I am going to bulldog this until the public gets it."
You know, with all the conspiracy theories and questions leading up to 9/11 you would think the CIA and Bush would want to come clean, but they don't. So, what are they hiding!
If you want to get rid of endless questioning and conspiracies, wouldn't you just provide the truth and end it? But no, this goes on and on like they are stalling until Bush gets out of office.
Now Wolfowitz, the architechof the Iraq war is resigning.
Why is it that anyone involved with the Iraq war or 9/11 is under investigation or is being hammered by the Senate -coincidence - I think not
I mean everyone from Bank President all the way to Bush
Does the loss of Wolfowitz hurt the New World Order?
2007-05-17 11:51:02 · 10 answers · asked by Anonymous in Other - Politics & Government
How come they say nothing about the huge no security border thats with Canada?
2007-05-17 11:50:07 · 19 answers · asked by Anonymous in Immigration
Is the senate and congress committing TREASON when giving the president of the US a time line when OUR troops have to be out of IRAQ.
they are aiding and abeding the enemy by giving them specific information as to when and where our troops will be leaving Iraq.
under the Constitution of the United States that is considered Treason, and if they are committing treason their punishment should be???
2007-05-17 11:36:41 · 25 answers · asked by n8dogb4000 2 in Politics
Are small town southern cops like all cops or are they unique? What are some general characteristics of small town southern cops?
2007-05-17 11:35:29 · 11 answers · asked by mrsearching4u 1 in Law Enforcement & Police
Is there a statute of limitations on paying sales tax in the state of Georgia such as sales tax on an automobile purchased in a neighboring state? The state is trying to collect sales tax after almost eight years since the car was purchased. If there is a statute and the time limit has passed, can the state still mess up a person's credit?
2007-05-17 11:33:48 · 2 answers · asked by Anonymous in Law & Ethics
Im a 17 year old girl , highschool junior whos thinking about advanced education in the naval academy and service in the USMC. My question is , how important is my GPA? Do I have to be at the top of my class to be considered? Whats the academy like ?
2007-05-17 11:25:37 · 3 answers · asked by Akilee 2 in Military
Why is nearly everyone in government so untrustworthy? And why when they are caught, do they deny deny deny EVEN when all evidence is against them.
Its so pathetric.
2007-05-17 11:25:34 · 5 answers · asked by rare2findd 6 in Politics
the answer u all chose or whould have chose is all wrong,the right answer is for the sr.rate is boatswain mate follwed by carpenders mate and the then gunners mate. sorry but all don't understand the difference between rank,rate and pay grade. but to keep it to question,here we go again and may be this will help.if 2 people joined the navy at the same time and both were advanced to e-4 [ pay grade ] on the same day.1 was advanced to boatswain mate 3rd class and the other to gunners mate 3rd class.[boatswain mate and gunners mate are rates not pay grades] which of the 2 are senior?????
2007-05-17 11:24:42 · 3 answers · asked by usnavy 1 in Military
2007-05-17 11:17:50 · 5 answers · asked by moanalisa 4 in Military
i am considering the following: navy, army, airforce, marines. i want to know the deployment times for each branch.from what i've read, navy=6 months, airforce=4 months (?), army=14months, and marines=6 months (?) if these are correct, why do the marines have short deployment times? is it because they are in the department of the navy? the reason i ask is because my girlfriend doesnt want me to go away for too long. also, i want to go to one the the service academies (USNA, USAFA, USMA).
thanks.
my girlfriend thinks that navy officer dress blues are the hottest uniform. ladies, what do you think?
2007-05-17 11:16:44 · 8 answers · asked by andrewjk.han 1 in Military
2007-05-17 11:11:43 · 23 answers · asked by Anonymous in Government
Or have people wised up?
2007-05-17 11:10:44 · 9 answers · asked by Anonymous in Politics
More and more, in my opinion, Americans have less and less "freedom" - as was laid down in the Constitution - are we being oppressed, suppressed, or otherwise under someone's thumb. Your opinion matters. I want to hear from AMERICANS
2007-05-17 11:08:53 · 12 answers · asked by firewolf13.totheresq 1 in Civic Participation
All Bush and Co. do is use America's resources like the military for their own political and financial gain to loot other countries of their natural resources. Why would anyone support that?
How often do you hear this administration talk about education or social issues or even crime in this country. Hardly ever.
All you hear about is Iraq, Iran and any other country with oil that they want to loot.
I mean is it utter stupidity or people just don't care?
2007-05-17 11:05:44 · 15 answers · asked by Anonymous in Other - Politics & Government
Why don't people see that it is Politicians that have put this country into waring areas and not the soldiers themselves? To take your disaproval of the war out on soldiers is attacking to wrong party. How are they going to feel about soldiers when the US gets attacked and soldiers are they to fight - I would think that they would be singing a different song. Don't they realize that because of soldiers they are able to voice their oppinion.
2007-05-17 11:04:47 · 9 answers · asked by Anonymous in Military
I do not agree that the terrorists should have been handled in the manner that they currently are but I do support the troops in Iraq and I also hope that they come home soon... why is that a problem?
2007-05-17 11:04:32 · 15 answers · asked by Lindsey G 5 in Politics
Seriously is it possible?? Over to you for analysis.
2007-05-17 11:03:24 · 18 answers · asked by realdolby 5 in Government
I recently egged some1s window and like a idiot i got caught there taking the cctv dwn to the police station will i get a ASBO?
2007-05-17 10:56:16 · 3 answers · asked by Anonymous in Law Enforcement & Police
2007-05-17 10:56:12 · 18 answers · asked by Anonymous in Immigration
2007-05-17 10:53:41 · 10 answers · asked by Anonymous in Government
the crimes the politicians and multi-national cartels are commiting with Bush's help? Such distractions like obsession over Paris Hiltons jail stint as opposed to who raking in the billions in Iraq such as Bechtel, Lockhead, Smith, Kellog brown etc...oh...how can I expect u to know about such things...tsk tsk! lets talk about a topic u do know..like uh...j-lo's butt size..or er...Sanjayas hair style....duh....or heres one for everyone....who's danni-lyns real daddy...
2007-05-17 10:53:03 · 10 answers · asked by bushcrimeboss 2 in Government
I have to do a research paper about a US intervention in the 20th century. So, can someone tell me an American intervention in the 20th century?
2007-05-17 10:52:15 · 8 answers · asked by R B 3 in Military
2007-05-17 10:50:45 · 6 answers · asked by BeEasy 1 in Law & Ethics
2007-05-17 10:50:37 · 13 answers · asked by Anonymous in Law Enforcement & Police
2007-05-17 10:49:45 · 11 answers · asked by Anonymous in Politics
go down as the worst speaker of the house in US history?
2007-05-17 10:47:01 · 17 answers · asked by voodewchile 2 in Elections
2007-05-17 10:46:23 · 11 answers · asked by thirdnostril 1 in International Organizations
2007-05-17 10:44:26 · 24 answers · asked by Anonymous in Military
Questions asked on 17 May 2007:
Showing 241 to 270 of 676 questions
Questions asked on other days: