Comments on: Wealthy pay more in taxes under Bush tax cuts

By: Reverse_Vampyr

Reverse_Vampyr — Wed, 19 Dec 2007 21:40:23 +0000

It amazes me how successful the Dems are perpetuating their class warfare farce about the eeeeevil rich not having to pay taxes (or "enough" taxes). But I guess if I listened to Air America and got a lobotomy I might parrot the Democrat talking points, too.

By: WMD_Maker

WMD_Maker — Wed, 19 Dec 2007 16:07:11 +0000

One of the biggest problems with the rise in “income levels” ie “about one in 10, had an income of more than $100,000 a year in 2005″ is that the tax brackets are not indexed to inflation. $100,000 now is the equivalent buying power of $50,000 10 yrs ago. Yet the tax rate on 100,000 is just as high if not higher than it was 10 yrs ago. If the tax rates followed inflation the cuttoff for not paying income tax would be about $40,000, not the paltry $15,000 it is now which equates to roughly $7.00/hr. Which means that a burger flipper at the typical Mickey D’s has to pay income taxes, where it should have been the average starting auto worker wouldnt pay income tax.

By: WMD_Maker

WMD_Maker — Wed, 19 Dec 2007 14:33:42 +0000

CC
“required for any elected official to serve in the House or the Senate they must take a 2-year course in economics”

We would probably be better served if they spent 2yrs in prison first.

By: Concerned Citizen

Concerned Citizen — Wed, 19 Dec 2007 06:23:37 +0000

I think it must be a combination of the two, Jonathan. I think it should be required for any elected official to serve in the House or the Senate they must take a 2-year course in economics and be required show themselves to be proficient and demonstrate the principals of capitalism.

I am afriad right now most of them would fail that challenge.

By: Liberal_Crusher

Liberal_Crusher — Wed, 19 Dec 2007 06:02:52 +0000

Also truth be told, true capitalist system requires winners and losers. Not everyone is equipped mentally to get a good college degree and 100K salary.

By: Liberal_Crusher

Liberal_Crusher — Wed, 19 Dec 2007 05:50:09 +0000

It doesn’t matter. Libs only care about the rate. They’re fanatical about the “morality” of the progressive tax scheme.