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  • You have to hand it to Paul Ryan, no really, if you don't hand it to him his pyramid scheme will fail and the initial investors will be forced to instruct their butlers to give you a stern look.
  • On the other hand, it's easy to tell how much it will fark the middle-class and poor people.
  • We'll strip the "loopholes" and then lower the rates so that even the rich people who don't take advantage of the loopholes all pay the same amount as the people who are taking advantage of them. I don't see how anything could stand in our way.

    /Sanity. Reality. The Laws of Physics?
  • actualhuman: We'll strip the "loopholes" and then lower the rates so that even the rich people who don't take advantage of the loopholes all pay the same amount as the people who are taking advantage of them. I don't see how anything could stand in our way.

    /Sanity. Reality. The Laws of Physics?


    Meaningless against this fully armed and operational Republican party.
  • So how exactly do closing 1%-only tax loopholes benefit the 1%?

    popcorn.jpg
  • The median household income in 1970 was $9,870 (new window).
    Doing nothing but keeping pace with inflation, that would be $54,792 in 2010 dollars. (new window)
    The median household income in 2010 was $50, 046 (new window)
    Since 1970, the median household income hasn't even kept pace with inflation.

    Here's a loophole I think should be added to the tax code. The 1st $50k are tax free for everybody. Bill Gates and the meter maid downtown get the same %50k exemption. Add a surtax to the top 1% to make up the difference.
    /yes, its oversimplified, but you get the idea
  • Notabunny: The median household income in 1970 was $9,870 (new window).
    Doing nothing but keeping pace with inflation, that would be $54,792 in 2010 dollars. (new window)
    The median household income in 2010 was $50, 046 (new window)
    Since 1970, the median household income hasn't even kept pace with inflation


    Don't forget that the fraction of households that are double income has increased since the 1970s as well.
  • Relatively Obscure: [i177.photobucket.com image 301x224]


    Looks like he lost.
  • Notabunny: /yes, its oversimplified, but you get the idea


    Not really. I would, however, take your general idea and actually pin it to the reported median income, adjusted for inflation, rather than to just the first $50K.
  • o5iiawah: So how exactly do closing 1%-only tax loopholes benefit the 1%?

    popcorn.jpg



    A fair enough point. I'd really like to see the specifics of the bill/bills he's proposing, and compare it with current figures. My dad had tickets to go see him presenting his plan on Thursday, but I couldn't go.
  • Notabunny: yes, its oversimplified, but you get the idea


    Why do you hate the poor JobCreatorsTM?
  • i276.photobucket.comView Full Size


    Never underestimate the GOP's ability to dress up the same old bullshiat in new duds and attempt to peddle it as a new and exciting idea.
  • culebra: [i276.photobucket.com image 600x420]

    Never underestimate the GOP's ability to dress up the same old bullshiat in new duds and attempt to peddle it as a new and exciting idea.


    The implied similarities between Paul Ryan and Fozzie the Bear make me sad.

    Fozzie deserves better.
  • I farking love when they think a two-bracket system is all it takes to simplify the tax code. The brackets aren't what makes it complicated. Well, maybe for farkers who pretend they make six figures and refuse raises because it would push them into higher brackets, but not for anyone else.

    Of course, republicans have been speaking in generalities on this stuff for so long I don't think any of them have really thought about it for decades. Look at how much praise the Cain tax plan got. He had this brilliant plan when he introduced it, and then every time it was criticized it got more and more complicated without him ever admitting he changed it. He wasn't changing it, he was just revealing more details. Between the deductions and exemptions that make sense and those bought by lobbyists, combined with the republican interest in making sure the wealthy keep more of it, I find it very hard to believe any significant change will be made by a Ryan plan.
  • www.balloon-juice.comView Full Size


    Looks like we get to dust this off again...
  • The new Ryan budget is a remarkable document - one that, for most of the past half-century, would have been outside the bounds of mainstream discussion due to its extreme nature. In essence, this budget is Robin Hood in reverse - on steroids. It would likely produce the largest redistribution of income from the bottom to the top in modern U.S. history and likely increase poverty and inequality more than any other budget in recent times (and possibly in the nation's history). Link (new window)

    Ryan Budget's Claim to Finance Its Tax Cuts for the Wealthy By Curbing Their Tax Breaks Does Not Withstand Scrutiny (new window)

    www.cbpp.orgView Full Size
    (new window)

    Fellate the rich and destroy the poor. It's the GOP way.
  • o5iiawah: So how exactly do closing 1%-only tax loopholes benefit the 1%?

    popcorn.jpg


    If that was all there was to the plan, it wouldn't. The plan is to lower rates on the 1% that the 1% will pay less even without the loopholes.

    And then, of course, the poor will have to pay increased taxes so that they have "skin in the game."
  • I would love a tax system that is isn't susceptible to political BS like this.
  • Atillathepun: And then, of course, the poor will have to pay increased taxes so that they have "skin in the game."


    In addition to have fewer services. (He backed off on his Medicare plan so he can focus on cutting Medicaid)

    Paying more for less?

    My God, Paul Ryan wants to turn America into Comcast!
  • FormlessOne: Notabunny: /yes, its oversimplified, but you get the idea

    Not really. I would, however, take your general idea and actually pin it to the reported median income, adjusted for inflation, rather than to just the first $50K.


    I like that idea. Also, it's not as if people making $50K or less would somehow be "getting away tax-free". State parks, fish and game, vehicle registration, after school programs, parking tickets, building permits, toll bridges, university tuition, etc, are everyday examples where services have been cut and fees have been increased to help pay for tax breaks for the top income brackets. A decades-long Robinhood in reverse, sort of arrangement.
  • Dusk-You-n-Me: The new Ryan budget is a remarkable document - one that, for most of the past half-century, would have been outside the bounds of mainstream discussion due to its extreme nature. In essence, this budget is Robin Hood in reverse - on steroids. It would likely produce the largest redistribution of income from the bottom to the top in modern U.S. history and likely increase poverty and inequality more than any other budget in recent times (and possibly in the nation's history). Link (new window)

    Ryan Budget's Claim to Finance Its Tax Cuts for the Wealthy By Curbing Their Tax Breaks Does Not Withstand Scrutiny (new window)

    [www.cbpp.org image 287x200] (new window)

    Fellate the rich and destroy the poor. It's the GOP way.


    Since 1980, this social experiment has been proven to work. Even if it doesn't work, it has worked very very well. Vote GOP because it works.
  • missiv: Dusk-You-n-Me: The new Ryan budget is a remarkable document - one that, for most of the past half-century, would have been outside the bounds of mainstream discussion due to its extreme nature. In essence, this budget is Robin Hood in reverse - on steroids. It would likely produce the largest redistribution of income from the bottom to the top in modern U.S. history and likely increase poverty and inequality more than any other budget in recent times (and possibly in the nation's history). Link (new window)

    Ryan Budget's Claim to Finance Its Tax Cuts for the Wealthy By Curbing Their Tax Breaks Does Not Withstand Scrutiny (new window)

    [www.cbpp.org image 287x200] (new window)

    Fellate the rich and destroy the poor. It's the GOP way.

    Since 1980, this social experiment has been proven to work. Even if it doesn't work, it has worked very very well. Vote GOP because it works.


    That crap you're spouting won't convince me. *I* vote for the GOP because both sides are bad.
  • o5iiawah: So how exactly do closing 1%-only tax loopholes benefit the 1%?

    popcorn.jpg


    If you RTFA, you'll se Ryan characterize the mortgage interest deduction as one of those loopholes.
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