Even if you agree with the graduated income tax - - how come?

Question

they ratchet up the rates at the middle class level??? We got hit with the Clinton tax hike in '94 - - - well, '93 actually because it was retroactive. At the time my then-wife and I were childless and made combined, about $72M (each of us makes more than that combined figure now). We lived in Fairlington (south Arlington County, VA - we MOVED for WORK, which people in Flint, MI seem unable or unwilling to do....) - in a rented 2 br townhouse. Were we rich?

Even some of the proposals now, well we'll stick it to the rich, they say - - - and you look at the numbers and it's anyone over six figures.

OK even if you think it's "fair" (even though it might actually reduce overall tax revenue) to "stick it to the rich" how come the Democrats define "rich" differently than the rest of us do?
If it were a higher rate for inviduals making over $250K per year, then another higher rate for individuals making over $1,000,000 per year, at least that would be INTERNALLY consistent...

Oh, sorry, you're not all in finance - one M means K - - - $72,000 combined - but that made us "rich."

cantcu "1/2 of America makes $25,000 or less" - - - - - well, no, that's not remotely close to being true.

And cantcu, tax REVENUE has gone UP -- there is no "paying for the Reagan and Bush tax cuts" they paid for themselves.

And what do you mean "steal from the poor... again" - - - not sure when you mean that happened the first time - not in this country!

Seriously why did none of the Libs answer this - - it's a simple question, why not have those high rates apply at a definition of "rich" that everyone agrees on, like a quarter million? But it never works that way - you make $75K you get slammed.

Answer 1

I thought LIBERALS were for what is FAIR?

How is making the top 5% of taxpayers pay 60% of the federal tab fair?

Answer 2

That is the whole problem, the average person makes $44,000 in the US and 1/2 of America makes $25,000 or less. The issue is that the rich HAVE all the money.

Why didn't you think you were going to get slammed with Bush and his $4 Trillion in debt. All of those who earn more than 6 figures have been getting tax cuts for years! How exactly to you propose to pay off the deficit, or balance a budget, something a Republican President HAS NEVER done!

I guess you think we should steal from the poor again, to give to the rich so some may trickle back down to those you stole it from? You had no problem with that! Now you have an issue when they are going to ask you to pay your fair share!

You make more than 90% of Americans and somehow, and I know you supported Bush, I just have an issue with feeling sorry for you. It is business who is on welfare, and you are going to get hit! Thank your president! Dont come crying to us that make far less than you do!

Penelope, it is fair because they make 90% of all the money! DUH!!!

Answer 3

Well thought out dude. I was considered "Rich" under Clinton too. Though I barlely made over 6 figures in 1994.
What folks will never understand, is by "Punishing" the Rich, all they do is force Rich folks to NOT spend and invest, and they shelter their money.
Under Clinton we had HUGE increase for the middle class, and we collected LESS taxes.
It would make sense to graduate over 250,000, then 500,000, 1,000,000 though.

Canctu....There is no "Bill to pay" in the National debt. What do you think it's a credit card?
I am pretty sure you do not even know how the numbers are calculated.
I laugh whenever I hear that one.

Answer 4

No.
Democrats Believe that anyone who works hard and is trying to be successful, MUST BE PUNISHED.
Taxes are the best way for Democrats to PUNISH Working People.

If you notice, Democrats on Yahoo Hate the Tax Cuts that Bush got for all us Working People.
That's because most Democrats don't work.
They live off us Taxpayers.

Answer 5

Well, your question is really a lot of babble. I can't answer it.