Page 2 of 4 FirstFirst 1234 LastLast
Results 11 to 20 of 37
  1. #11  
    PORCUS MAXIMUS Rockntractor's Avatar
    Join Date
    Apr 2009
    Location
    oklahoma
    Posts
    42,147
    Quote Originally Posted by jnkbortka View Post
    several centuries.

    i think its better if my exact age is kept a secret
    Crazy kid, it's in your profile for everyone to see.
    And to think I was going to hire you for a spying job!
    The difference between pigs and people is that when they tell you you're cured it isn't a good thing.
    http://i.imgur.com/FHvkMSE.jpg
     

  2. #12  
    Senior Member obx's Avatar
    Join Date
    Apr 2009
    Location
    KIll Devil Hills, N.C.
    Posts
    1,232
    Quote Originally Posted by jnkbortka View Post
    although one thing i don't like is he supports is bush's tax cuts for the wealthy. i don't say we should tax the rich more, but we should at least be taxing them the same as everyone else.
    Cain is for the Fair Tax.
     

  3. #13  
    Best Bounty Hunter in the Forums fettpett's Avatar
    Join Date
    Oct 2009
    Location
    Southwest Michigan (in Exile)
    Posts
    8,757
    Quote Originally Posted by jnkbortka View Post
    since Paul most likely wont win the primary, i'd vote for Cain. the Dems wouldn't know what to do, because their most powerful weapon, the race card, would be rendered useless.

    although one thing i don't like is he supports is bush's tax cuts for the wealthy. i don't say we should tax the rich more, but we should at least be taxing them the same as everyone else.
    they went from 31% to 35% under the Bush tax cuts
    "Should I keep back my opinions at such a time, through fear of giving offense, I should consider myself as guilty of treason towards my country, and of an act of disloyalty toward the Majesty of Heaven, which I revere above all earthly kings..." Patrick Henry
     

  4. #14  
    Zoomie djones520's Avatar
    Join Date
    Jun 2008
    Location
    St. Louis
    Posts
    10,078
    Quote Originally Posted by fettpett View Post
    they went from 31% to 35% under the Bush tax cuts
    Not quite.

    http://www.moneychimp.com/features/tax_brackets.htm

    Take a look at 2000 and then at 2004.

    The highest went from 39.6% to 35%.
    In most sports, cold-cocking an opposing player repeatedly in the face with a series of gigantic Slovakian uppercuts would get you a multi-game suspension without pay.

    In hockey, it means you have to sit in the penalty box for five minutes.
     

  5. #15  
    Best Bounty Hunter in the Forums fettpett's Avatar
    Join Date
    Oct 2009
    Location
    Southwest Michigan (in Exile)
    Posts
    8,757
    Quote Originally Posted by djones520 View Post
    Not quite.

    http://www.moneychimp.com/features/tax_brackets.htm

    Take a look at 2000 and then at 2004.

    The highest went from 39.6% to 35%.
    mmmm.....maybe it's the % of Revenue that they pay went up....Rush has it on his website...
    "Should I keep back my opinions at such a time, through fear of giving offense, I should consider myself as guilty of treason towards my country, and of an act of disloyalty toward the Majesty of Heaven, which I revere above all earthly kings..." Patrick Henry
     

  6. #16  
    Zoomie djones520's Avatar
    Join Date
    Jun 2008
    Location
    St. Louis
    Posts
    10,078
    Quote Originally Posted by fettpett View Post
    mmmm.....maybe it's the % of Revenue that they pay went up....Rush has it on his website...
    *shrugs* Don't know, but I do believe everyones income tax rates went down.
    In most sports, cold-cocking an opposing player repeatedly in the face with a series of gigantic Slovakian uppercuts would get you a multi-game suspension without pay.

    In hockey, it means you have to sit in the penalty box for five minutes.
     

  7. #17  
    Best Bounty Hunter in the Forums fettpett's Avatar
    Join Date
    Oct 2009
    Location
    Southwest Michigan (in Exile)
    Posts
    8,757
    Quote Originally Posted by djones520 View Post
    *shrugs* Don't know, but I do believe everyones income tax rates went down.
    here's the link i was thinking of
    http://www.rushlimbaugh.com/home/menu/cy2003.guest.html
    "Should I keep back my opinions at such a time, through fear of giving offense, I should consider myself as guilty of treason towards my country, and of an act of disloyalty toward the Majesty of Heaven, which I revere above all earthly kings..." Patrick Henry
     

  8. #18  
    Our widdle friend. Wei Wu Wei's Avatar
    Join Date
    Jan 2010
    Posts
    6,414
    Quote Originally Posted by fettpett View Post
    This is funny math. The rich do pay a larger share of the total tax revenue because they have an extremely high portion of the pie to begin with. Even if it's totally skewed in favor or the top 2 percent it will still appear that they are the victims with this statistic.

    Let me give you a very rough example: We have 100 people

    You have 98 people making $100. Their tax rate is set at 50%.

    You also have 2 people making $10,000, their tax rate is set at 25%

    In this example, 98% of the population makes little money and they are taxed at TWICE the rate of the top 2%. However, let's look at the total share of taxes:

    We end up with $9,900 in total tax revenue, with $5,000 of that being paid by the top 2%. Oh my god, only 2% of the population is paying for OVER HALF of all taxes. That's totally unfair I guess we should lower their tax rate?


    Numbers are very easily to manipulate, be careful. Obviously the real life situation is a little more complex than this, but this demonstrates how using the same statistical measure rush quoted there is misleading.
    Quote Originally Posted by Adam Smith - Wealth of Nations
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
     

  9. #19  
    Best Bounty Hunter in the Forums fettpett's Avatar
    Join Date
    Oct 2009
    Location
    Southwest Michigan (in Exile)
    Posts
    8,757
    Quote Originally Posted by Wei Wu Wei View Post
    This is funny math. The rich do pay a larger share of the total tax revenue because they have an extremely high portion of the pie to begin with. Even if it's totally skewed in favor or the top 2 percent it will still appear that they are the victims with this statistic.

    Let me give you a very rough example: We have 100 people

    You have 98 people making $100. Their tax rate is set at 50%.

    You also have 2 people making $10,000, their tax rate is set at 25%

    In this example, 98% of the population makes little money and they are taxed at TWICE the rate of the top 2%. However, let's look at the total share of taxes:

    We end up with $9,900 in total tax revenue, with $5,000 of that being paid by the top 2%. Oh my god, only 2% of the population is paying for OVER HALF of all taxes. That's totally unfair I guess we should lower their tax rate?


    Numbers are very easily to manipulate, be careful. Obviously the real life situation is a little more complex than this, but this demonstrates how using the same statistical measure rush quoted there is misleading.

    except you would have to completely change your numbers to even FIT with reality.

    we will make this easy and say that the total hypothetical taxes are $100,000 (just to make it easy)

    50 people pay in a total of $3,460 or 3.46% of the total bill ($69.2/person)

    of the 50 remaining who pay the rest of the $96,540
    • top 5 pay $54,360 ($10,872/person)
    • the next 5 pay $11,480 (2,296/person)
    • the rest (40 people) pay $30,700 (767.5/person)

    so the burden to pay that $100k is on the top 5 people, now if we could shift it so that more people from the lower come up to the higher brackets by cutting the % that the top 10 people pay who then create more jobs for those bottom 50 or better yet make it so it's easier for those bottom 50 people to start their own companies to move up into the top 50 which in turn make it easier for them to hire people from below them than the % of taxes gets spread around more evenly between more people.
    "Should I keep back my opinions at such a time, through fear of giving offense, I should consider myself as guilty of treason towards my country, and of an act of disloyalty toward the Majesty of Heaven, which I revere above all earthly kings..." Patrick Henry
     

  10. #20  
    Senior Member
    Join Date
    Mar 2010
    Posts
    3,269
    I support Cain, and have arranged to give monthly contributions.
     

Bookmarks
Bookmarks
Posting Permissions
  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •