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  • This country is in the tank, and everyone knows it!
  • What a "Physical" Cliff may look like..
    3.bp.blogspot.comView Full Size
  • No more than $505k. Got it.
  • Let's get this out of the way right now since Republicans are going to the mat to block higher taxes on the wealthy:

    Extending all expiring tax provisions other than the cut in the payroll tax and indexing the AMT for inflation- except for allowing the expiration of lower tax rates on income above $250,000 for couples and $200,000 for single taxpayers-would boost real GDP by about 1¼ percent by the end of 2013. That effect is nearly as large as the effect of making all of those changes in law and extending the lower tax rates on higher incomes as well (which CBO estimates to be a little less than 1½ percent)

    Extending all of Bush's tax cuts = 1.5% growth in GDP
    Extending rate cuts on income
  • The 47% have no problem with it, I suppose.
  • This will save us more money than closing a million planned parenthood's.
  • From my perspective, we need to let the fiscal cliff play out. Then again, I do bio-hazard clean up after suicides, so I might be biased.
  • Huh, some of my post disappeared:

    Extending all of Bush's tax cuts = 1.5% growth in GDP
    Extending rate cuts on income under $250K= 1.25% growth in GDP
  • Matthew Keene: This country is in the tank, and everyone knows it!


    www.richgibson.comView Full Size



    No it isn't.
  • FTFA: "Top 1% ($506,210 and above) 120,537

    Unless, of course, you're fiddling it so that you're not actually paying the tax rate you're supposed to, or for that matter, any at all.

    /I'm looking at you, Mittens
  • Make your own tax cut.

    Barter.

    That is all.
  • Do it. The Bush tax-cut programs have been proven not to work. I'm very OK with going back to Clinton-era tax rates. The Repubs are again blowing their own weird brand of unreality:

    The tax rate under Nixon was 70% for the highest bracket; you did not come under 39% until you made less than $28,000 as a couple or $14,000 individually. Here's some history:

    Eisenhower 91%
    Kennedy 91%
    Johnson 70%
    Nixon 70%
    Ford 70%
    Carter 70%
    Reagan 28%
    Bush, G.H.W. 31%
    Clinton 39.6%
    Bush, G.W. 35%

    A whopping 4.6% raise. Fark the House for its fear and doom.

    /do_it.jpg
  • HAMMERTOE: The 47% have no problem with it, I suppose.


    I suppose you are too dumb to realize that the fiscal cliff DOES impact the working poor which pay a higher percentage of their income in payroll taxes than I do.
  • Who is this 'Fiscal Cliff' and why does he have so much control of my taxes? Can't we just find him and kick his a$$ or something?
  • Ya I'm ok with this. While paying higher taxes isn't fun, it is needed. We need to increase the amount we pay. In fact, as in indicated by the temporary nature, we paid this amount not too long ago. I'm fine with my taxes going up.
  • Is Obama still going to lower the corporate tax rate?
  • Upper Middle 20%er here. I'm ok with this. If I wanted to live in a third-world hell hole, I would expatriate. Since I don't, I'm willing to pay what we need to pay in order to keep this collective enterprise we call America on sound financial footing and still providing the protections, services, and opportunities that make this a pretty kick ass place to live.

    The surreal degree of hypocrisy exhibited by you conservative aholes who constantly want something (a safe and decent country to live in) for nothing (no taxes) just boggles my farking mind.

    Where's your farking bootstraps people?
  • sycraft: Ya I'm ok with this. While paying higher taxes isn't fun, it is needed. We need to increase the amount we pay. In fact, as in indicated by the temporary nature, we paid this amount not too long ago. I'm fine with my taxes going up.


    Take all the bush tax custs away, we are still not even close to tackling the debt, and all we do is stall growth.
  • How did you find out exactly what it would cost you subby? I can see what it would cost the average person in my income quintile, but that's quite a bit different than exactly what it would cost me.
  • So $110K is the top of "upper middle class"? I'd better go wake up the slaves so they can carry me and my solid-gold Lamborghini to the country club.
  • I love the way that they bias the top quintile (108k and up). Having gone through my records in no way did I "gain" 14k of cashflow from the bush tax cuts being implemented. I remember being unimpressed with how much extra money I got in my paycheck each month - about $250 if I am doing my simple math correctly. Let's just say I felt about the same impact from the change in FICA the last two years. What whould have been much more useful is a "range" statement showing how it varies over each quintile. But then I'm interested in understanding, while TFA is interested in generating rage clicks.
  • madgonad: I suppose you are too dumb to realize that the fiscal cliff DOES impact the working poor which pay a higher percentage of their income in payroll taxes than I do.


    The amount that the "working poor" pay is totally negated by the Earned Income Credit, which only the "working poor" are typically able to take advantage of.
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