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There's so much out there that is just flat wrong when it comes to the common perception of the Bush tax cuts. Here's the link.
http://www.heritage.org/research/taxes/bg2001.cfm Here's just one, perhaps the one that annoys me the most. Quote:
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"When we consider that women have been treated as property it is degrading to women that we should treat our children as property to be disposed of as we see fit." Elizabeth Cady Stanton - A perfect example of why I'm a paranoid parent. Last edited by Southpaw; 07-17-2008 at 02:37 PM. |
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The left won't face reality on the actual numbers but instead rely on the ignorance of their constituents. People peddle propaganda like 'Bush is only favoring the rich' and use it to justify the beliefs they want to have which are often motivated by feelings instead of data.
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"When we consider that women have been treated as property it is degrading to women that we should treat our children as property to be disposed of as we see fit." Elizabeth Cady Stanton - A perfect example of why I'm a paranoid parent. |
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Amen! libertarians for the win!
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Bush's tax cuts gave more money to the very wealthy than they paid into it. That's why they were unfair. From 2001 through 2005, the best-off one percent will receive “only” 19.8 percent of the Bush tax cuts. From 2006 through 2009, the share of the tax cuts going to the very rich jumps to 41 percent of the total. By 2010, when all of the provisions of the bill—including complete repeal of the estate tax on extremely large estates—are scheduled to be fully in place, 51.8 percent of the tax cuts are targeted to the top one percent. But in fact, in 2010 before the Bush tax cuts, the top one percent was expected to pay just over a quarter of all federal taxes (don’t feel too bad for these people; they’ll take in 19 percent of all the income). So a tax cut that gives the richest Americans more than half of its benefits is obviously anything but even-handed. Compared to the federal taxes that would have been paid in 2010 before the tax cuts, Bush’s program reduces taxes on the wealthiest by 15 percent. For the remaining 99 percent of us, the tax cuts average only 5 percent. More tellingly, by 2010, the very rich will see their taxes fall by 5.7 percent of their income. For the remaining 99 percent, the average tax cut is only 1.2 percent of income. http://www.ctj.org/html/gwb0602.htm If tax cuts are across the board (all tax grades) and the income tax is on a graded scale, which it is, the collective tax burden would remain about the same. And it did. This crap from the heritage foundation proves once again that The Heritage Foundation is garbage. A very astonishing fact about the tax cuts is the Bush lied about them. The reason the EGTRRA tax cuts were set to expire (sunset provision) in 2010 was so that Bush could campaign on the low cost of his tax cut to the government...see, it's not so bad a cost. Then Bush turns around seven years later and wants the tax cuts permanent. |
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If this were true, then why did Warren Buffett critisize the system? Do you really think he is ignorant of how the tax system works?
Just what lobbying firms do all of you work for???
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The life of man, solitary, poor, nasty, brutish, and short. Thomas Hobbes, "The Leviathan" |
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You'll have to explain your point. |
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Sorry, here's the link to the Washing Post article: http://www.washingtonpost.com/wp-dyn...062700097.html He paid a smaller percentage of his taxable income than his receptionist. It's a real life example of how we are getting the screw.
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The life of man, solitary, poor, nasty, brutish, and short. Thomas Hobbes, "The Leviathan" |
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