Obama Reveals His Grand Bargain on Taxes

Submitted by: SaintPatty 6 years ago in
http://gawker.com/5707628/obama-reveals-his-grand-bargain-on-taxes

Come on down and see what tax breaks you qualify for...
There are 45 comments:
Male 1,834
nooooooooooooooooo don`t deal with the dark side
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Male 313
...selfish and don`t do their fair share. Even the evil Dick Cheney and his wife donated 78% of their income in 2005. Voluntarily...

So why do we think the government, made up of the political elite left or right would do it better?

Class envy or class warfare is just not a good thing ever.
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Male 313
So, it is ok for helping the needy, but with someone else`s money and resources? So it really doesn`t cost most of us anything or much does it?
Very generous indeed. Now I see why you have no faith in the generosity of others.

I believe that neighbors help neighbors. If someone I knew needed help, I`d be there to help. No Charge. But let our government do it, and we need a couple of commissions a new office created, new standards and practices, maybe a dozen employees at 100,000 a year with lifetime retirement at age 55. All to help my poor neighbor in need. As I said, donate all the money you wish. I do. The point I was and am making is the Government is the most expensive form of charitable help there is. We can do better.
click here
Oh, and you seem to imply that all rich people are evil and sel
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Male 313
Here is a good example of our Government and tax.

**************
The Phone Tax: Gone but Never Forgotten

Joseph J. Thorndike is a contributing editor with Tax Analysts. E-mail: [email protected]


* * * * *

It`s not easy to work the Spanish-American War into casual conversation, much less news coverage. But journalists had a chance recently when federal officials announced the end of the federal excise tax on telephone calls. An item from Marketwatch.com was typical:

Last week the Treasury Department announced it would stop collecting the 3 percent federal excise tax on long-distance telephone service that Americans have been paying since 1898, when the tax was first levied to help finance the Spanish-American War.


That was June of 2006. 1898 to 2006? Really? Remember we pay taxes that are called many other things. They get enough of our money, they need to spend it better.
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Female 1,101
"Leave the helping of others be done individually with your own money to the charities of your choice. The government, is not the place to operate a charity for the less fortunate."

Tridirk great thinking! Except... by your logic the government should let people go hungry and die! I mean really then let`s take away WIC, Welfare, and heating help for the elderly! Let`s let people and their CHILDREN starve and be homeless! Won`t we all be better off then when crime inevitably goes up?

So thanks, but I`d rather see the wealthiest people have the tax breaks that they don`t even need expire. If CEO`s and big companies paid a living wage then maybe we wouldn`t need to tax them to provide services! For example Walmart refering people to public welfare programs for healthcare. Now if they want to raise prices in response to tax increases good let them! The majority of business in this country is still small so let`s give them an edge in the compition!
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Male 313
IMHO...
Provide fair and equal opportunity for each and all. Then get out of the way and let those that want to make the most they can from such equal and fair opportunity.

Look at what happens with school. The school is supposed to be setup to teach all. Some apply themselves some never do. Equal opportunity doesn`t mean equal outcome. Our caring citizens mix the two. Government does not provide the answer.

Leave the helping of others be done individually with your own money to the charities of your choice. The government, is not the place to operate a charity for the less fortunate. Because along with it comes all kinds of rules and standards and bureaucratic gluttony with huge payrolls and retirements to run the charity.
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Male 2,148
I`ve never understood the "we can`t because it`s Socialism" argument. If it`s good for the country, does it really matter what it`s called? Soviet Russia wasn`t bad because they were Socialist, they were bad because they, for the most part, had inept leaders who were too paranoid to efficiently run any sort of government. We could stand to be a little bit Socialist if it means that downgrading your 108" TV to 96" lets another American buy groceries.
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Male 221
Ya know what? I am actually kinda a little happy with Obama, except for the unemployment benefits...
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Male 313
LOL... You can send money to us stupid people and help us out if you would like.

so...taxing your citizens more is the intelligent thing to do. Now I get it.

This is from 2008, but this statement about says it all.

The income gap between Canada and the U.S.—$6,400 per person in 2008—is double what it was in 1984.

Click here for source

Looks like you might need to rethink your theory just a little. Although this is from 2008, maybe things have changed in the past two years?
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Male 10,440
[quote] I`m unsure as to what any of this means. [/quote]

It means you people are stupid. You are in epic debt, your income tax rates are among the lowest in the world and the main goal of the political party for which most of you voted for is to give the top earning 1% of you an average of $80k/year.

I hate this. I can feel the economic repercussions spilling over the border already.
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Male 2,344
I`m unsure as to what any of this means. I`ll just go back to being pampered and unaware I guess.
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Female 1,101
* regressive taxes that are being enacted that hurt the poor more than the rich. Like for example the sugar tax. Now we have to pay for eating sugar it because it`s a luxury! For wealthy people no big deal, but the poor these things ad up quick. That`s an attack on the poor.
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Female 1,101
"This is just more petty bullpoo class warfare by the spineless Left. The wealthy already pay too much. Everyone of sound mind and body should pay the same rate. That`s what fair means to anyone whose not a socialist thief trying to freeload off the productive."

Oh give me a break. The poor are not all lazy people trying to "freeload off of the productive". Some people just aren`t smart enough to work anywhere other than McDonalds and believe me it isn`t easy. I worked fast food in college. So if CEO of McDonalds/Walmart/Etc doesn`t want to pay a living wage or provide healthcare then we should take it out in their taxes, not the middle classes. They get to enjoy the benefits of using the US workforce and they need to pay for that one way or another. If they are working these people and enjoying the benefits then THEY should provide enough to them for housing and healthcare not us middle classers. AND please don`t even get me started on all these new regres
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Male 498
@ hampoofegg

maybe he wants to reach his 10000 post faster?
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Male 1,882
I don`t want the people that have yachts and mansions and hundreds of luxury cars in the six figure price range to have to pay more taxes because it would be "punishing them for being successful".

Derp.
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Male 4,290
Male 337
@ Fatninja

Why do you only post one-word comments and some random punctuation?
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Female 1,963
I`m disappointed, but I don`t really feel he had much of a choice.
"What is abundantly clear to everybody in this town is that the Republicans will block a permanent tax cut for the middle class unless they also get a permanent tax cut for the wealthiest Americans."
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Male 25,416
Wow,
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Male 4,547
And, just to be fair, not counting any other deficit impacting factors.

Does anyone have data on historical quarterly INCOME tax rates divided by income bracket for the US? I`ll settle for yearly, if anyone has that.
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Male 4,547
K pres:

It`s 80 Billion in the next 2 years. 690 Billion in a decade. The idea that the deficit is short term is ridiculous.

So anyway, taking your figures:
1.60 Trillion deficit
to
0.91 Trillion.

Not counting factors like the poor multiplier effect of these tax cuts which overall impact your economy.
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Male 4,547
Auburnjunky:

"Win!"

Depending on who you ask, 60 to 77% of Americans didn`t want to extend the tax cuts for the top 2%.

I guess majority voting doesn`t count when it isn`t about edging minority groups out of your society in spite of the constitution.

P.S. This increases the deficit. By $80 billion. Just counting the next 2 years.

Since the Bush Tax cuts in 2001, you`ve created 4.7M private sector jobs total (most of those during the Obama years).

During the Clinton Tax increases, you created 18.2 million.

So to summarize.
Unwanted by the public.
Evidence lite.
Economically damaging according to the experts.

That`s what you get, when you listen to modern Republicans.

Also:
1) There`s no evidence of these "job creators" Republicans talk about creating jobs in the USA.
2) This impacts CEO salaries, not companies. I.e. not jobs.
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Male 309
Let`s see...we have a $1.6 TRILLION deficit...letting the tax cuts expire on the wealthy would have added a whopping $70 billion in new revenues, reducing the deficit all the way down to the paper thin $1.53 TRILLION.

Yippie!

This is just more petty bullpoo class warfare by the spineless Left. The wealthy already pay too much. Everyone of sound mind and body should pay the same rate. That`s what fair means to anyone whose not a socialist thief trying to freeload off the productive.

And anybody who`s serious about reducing the deficit knows it`s all about cutting entitlements, particularly Medicare.
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Male 271
(cont.) So I am happy to pay my taxes, because I know two things: one, that if I ever in a worse situation than I am right now, I will be OK; I also know that there are people much worse off than myself right now, and they deserve a chance to not just be ignored or looked down upon for whatever reason they`ve got there. Sure, people exploit the welfare system, but how is that different from the guy who asked for the government bailout so he could keep paying himself and his friends their multi-million dollar salary? In fact, I`d say the latter is much worse - it`s not like he needs more money.
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Male 271
(cont.)... of its former glory.

Want proof? Canada weathered the recession, and we all pay higher taxes than any of you. Yeah, it sucks giving the money you worked hard to earn to your government. But it sucks even more to lose your job.

I work at just over minimum wage (which in Ontario is 10.50 right now), and I have to give 15% of every paycheque to the government, in addition to making a mandatory contribution to Federal Pension and Unemployment. So this works out to about $180 every paycheque.

But when I can`t make enough money to afford paying back my student loans, all I need to do is ask the government and they will delay it for me. I don`t have to make any payments and they PAY THE INTEREST.

If I ever lose my job (god forbid) I know that I am able to get at least $500 per month from the government to help me stay on my feet, and they`ll even pay for schooling if I am laid off and want to find a new path.

I will never have to pay fo
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Male 271
harley357 "we won in the midterms".

I`m sorry but no, you didn`t. The only ones that won are the people who make piles of money off the backs of those they`ve exploited. They now sit in their palaces, counting every cent of what they`ve now been able to grasp onto for a little bit longer, and they laugh at people like you, people who think that what the Republican Party is doing is good for the average American. Everything they are doing right now is simply to get more power for themselves. They won`t use this power to help the average American - they`ll use it to lift themselves further up! They`ll clamber onto the backs of the poor and the middle-class, just to hoist themselves higher, and the poor and the middle-class will sink into the muck that has been created.

And eventually this sick pyramid of disgusting wealth will buckle under the weight of these fat bastards and shatter into a million pieces and I say good riddance. It`s a terminally ill shell of
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Male 30
we won in the midterms. He`s shaking. He`s gone in 2012
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Male 2,402
@sbeelz@

I forgot to mention Sen. Sanders won`t be invited to Bohemian Grove or the Bilderberg group.
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Male 511
God, I`m so sick of this crap. He`s so damn spineless.
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Male 2,402
@sbeelz

It`s quite a true critique of the Roman Imperial Senate. However if you notice Sen. Sanders is an Independent. Unfortunately he`s the man in the middle, and no one in such groups like Congressional parties of Dems and GOP will like the man in the middle. It went on deaf ears.
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Male 313
I am tired of the class warfare...

All of us should share in the tax burden and/or benefits.

Cut all government spending, and let us keep more of our hard earned money.

No blame to either side, and no credit to either side. But I am tired of allowing others to pit rich vs poor, and black vs. white, gay vs. straight, male vs. female, etc. They divide us to give themselves more power and then don`t live by the same rules they put in place for us.

They don`t pay the same taxes, contribute to the same retirement, or use the same healthcare, drive the same autos, or take the same transit we do.

They are political elites and we through the division they create give them more power over us.

How would it be if we weren`t divided, except for vs them?
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Male 2,868
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Male 1,744
yeah, cuz i take get all my government news from gawker
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Male 4,290
I see he ignored my solution to that You Fix The Deficit game. Poor decision Obama. I had you several billion in the black by 2012 if I remember correctly.
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Male 3,431
Any way you cut it, we`re effed.

Democrats and Republicans can`t effing work together to save their Goddamned lives. Too much bullpoo on the table and a gaggle of blowhards with a sports team mentality that has *NO PLACE* in politics.
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Male 5,620
I guess now we know why he kicked that door open.
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Male 10,855
The only thing I disagree with on this list is the estate tax.
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Male 94
impressive.
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Male 3,915
ugh....we just need to increase taxes substantially for a short while...maybe a couple years...or at least a few months to even attempt to tackle this deficit....increasing that 8% tax on the dollar to something with two digits would have giant postive repercussions....
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Male 936
isnt this place supposed to keep you from being bored?
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Male 15,510
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Male 38,480
Works for me. There are a number of economic ideas that can work, but we change in mid stream and none have a chance to work.

Republican plan then
Democrat plan then
Republican plan then
Democrat plan then
Republican plan then
Democrat plan then
Republican plan then
Democrat plan then

Just stick with one. Then the market knows what to expect and can make long term plans.
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Male 10,339
Win!
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Male 15,510
Boring Flame War Ahead
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Male 970
Link: Obama Reveals His Grand Bargain on Taxes [Rate Link] - Come on down and see what tax breaks you qualify for...
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