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Originally posted by SectionEight
Let me guess, you want to look over greedily at the the "haves" and take what they got from the fruit of their hard work and give it to the "have nots" ie the lazy bums who live off the govt dole.
I don't hear poor people asking for a hand out from the government.
If you think everyone living in poverty is there because they're lazy, it's obvious you've fallen for the Right's propaganda all too easily.
Originally posted by burdman30ott6
Huge difference: John McCain isn't running on a platform which decries capitalism and embraces socialism
* Over the ten-year period, the richest Americans—the best-off one percent—are slated to receive tax cuts totaling almost half a trillion dollars. The $477 billion in tax breaks the Bush administration has targeted to this elite group will average $342,000 each over the decade.
* By 2010, when (and if) the Bush tax reductions are fully in place, an astonishing 52 percent of the total tax cuts will go to the richest one percent—whose average 2010 income will be $1.5 million. Their tax-cut windfall in that year alone will average $85,000 each. Put another way, of the estimated $234 billion in tax cuts scheduled for the year 2010, $121 billion will go just 1.4 million taxpayers.
* Although the rich have already received a hefty down payment on their Bush tax cuts—averaging just under $12,000 each this year—80 percent of their windfall is scheduled to come from tax changes that won’t take effect until after this year, mostly from items that phase in after 2005.
* In contrast, the vast majority of taxpayers have already received most of their tax cuts from the 2001 legislation.
o For the four out of five families and individuals making less than $73,000 this year, three-quarters of the tax cuts—averaging about $350 this year—are already in place.
o Tax cuts for the 19 percent of taxpayers making between $73,000 and $356,000 this year will grow a little over the next four years as the cuts in the upper tax rates continue to kick in, but then will dwindle thereafter. By 2010, the tax cuts for this group will be no bigger as a share of income than they are now.
* As a result, freezing the Bush tax cuts at their 2002 levels would have little or no effect on 99 percent of the taxpayers, whose tax cuts are already mostly or completely “frozen.” Only the best-off one percent of the taxpayers will receive significant additional tax cuts if the rest of the Bush tax program continues to be implemented.
McCain Camp Fires Back at Obama Over ‘How Many Homes?’ Comments
FoxNews
WASHINGTON –The McCain campaign fired back Thursday at comments made by Barack Obama over the presumptive Republican nominee’s memory lapse about the number of homes he owns.
“Does a guy who made more than $4 million last year, just got back from vacation on a private beach in Hawaii and bought his own million-dollar mansion with the help of a convicted felon really want to get into a debate about houses?” the McCain camp responded. “Does a guy who worries about the price of arugula and thinks regular people cling to guns and religion in the face of economic hardship really want to have a debate about who’s in touch with regular Americans?”
Originally posted by burdman30ott6
reply to post by projectvxn
I don't hear poor people asking for a hand out from the government.
Try listening and then you'll hear the message loud and clear from many of them.
You talk of making the tax burden more fair... . The remaining 45%, the bottom 45% as it is, pay nothing in the end. That seems unfair to me, but I don't believe we agree on why it is unfair. I say it is unfair because that bottom 45% comprises the vast majority of people who draw on the tax payer's dollar..
Mr Buffett said that he was taxed at 17.7 per cent on the $46 million he made last year, without trying to avoid paying higher taxes, while his secretary, who earned $60,000, was taxed at 30 per cent.
Originally posted by burdman30ott6
reply to post by Grafilthy
Your point is? Tax cuts don't equal total tax burden. Even with the tax cuts, the wealthiest are still paying more into the system every year.
Originally posted by the way
At least with Obama there's the possibility of change!
How rich are you?
Originally posted by buddhasystem
McCain, on the other hand, does not have to worry about the price of arugula or any other food stock because he's so freaking shielded from reality it's really scary -- and that includes his real estate interests.
Originally posted by burdman30ott6
Grew up dirt poor and am raising a family on a single income with my wife staying home & caring for our kids. I make enough to get by, but am solidly middle class.
The issue isn't one of rich people siding with rich people all against the poor where I see it. It is an issue of whether or not being successfull should be punished through higher taxation and whether that is fair. I say no, it is not.
Originally posted by jerico65
Like Obama is out in the local Food King, checking the tomatoes for freshness!