Say Anything Blog

Lefties don’t care about the actual numbers; like all good Marxists, they continually play the class envy card, because their god, Marx told them that everything is determined by class struggle.

Save America; boycott the MSM.

It’s an administration that’s been handing out tax cuts to the wealthiest Americans

It’s like our friend Buzz and his imaginary Bush vetoes...don’t confuse Liberals with the facts! They have a hard enough time processing reality!

Barack Obama: All hat and no cattle since 1997!

Rob,

Nice you see you catch up on this story.

And I must take you to task as well.  Those top rate earners did indeed receive a reduction in their rate of taxation.  What you overlook is that the very rich are different in that they can afford top notch accountants, investment advisers, and lawyers.  When the tax rate becomes confiscatory, they have the means of sheltering their earnings such that the amount they have to report is reduced.

Reducing the rate of taxation such that it is not confiscatory allows the higher income brackets to retain sufficient of their earnings without need of tax shelters.

And at this point, something like the bottom quarter of earners (possibly as much as the bottom third, based on AGI) pay no federal income taxes whatsoever.  If the Democrats raise the rate on the top earners again, tax shelters will once again become attractive, and the tax burden will once again shift down onto the middle and lower quintiles of income.

Out Here
Rodney G. Graves

Ceterum censeo Parthia esse delendam
Latin: “Furthermore, Parthia (Persia aka modern day Iran) should be destroyed.”

What you overlook is that the very rich are different in that they can afford top notch accountants,
investment advisers, and lawyers.

Yes, they provide work for many people, and pay the lion’s share of taxes as well.

Save America; boycott the MSM.

Now, I’m not going to get indepth on this matter. As a person in the 1% which pays a lot in taxes, I’m not in a position to whine since I’m able to buy what I want, when I want and not have to worry about health insurance and the next meal.

Now, I agree with Warren Buffet on this matter. I’m not a Democrat that wants to increase taxes. I would love to reach a point in this country where we didn’t squander the tax money and were flush with a surplus to a point where we could lower taxes to low rates.

What Adam Smith said:  “This disposition to admire, and almost to worship, the rich and the powerful is the great and most universal cause of the corruption of our moral sentiments.”

And from Andrew Mellon: 

The fairness of taxing more lightly income from wages, salaries or from investments is beyond question. In the first case, the income is uncertain and limited in duration; sickness or death destroys it and old age diminishes it; in the other, the source of income continues; the income may be disposed of during a man’s life and it descends to his heirs.  Surely we can afford to make a distinction between the people whose only capital is their mental and physical energy and the people whose income is derived from investments.  Such a distinction would mean much to millions of American workers and would be an added inspriration to the man who must provide a competence during his few productive years to care for himself and his family when his earnings capacity is at an end. 

Just another perspective.

Just another perspective.

From 1924, from a populist.

Save America; boycott the MSM.

Just another perspective.

The envious left field perspective.

This disposition to admire, and almost to worship, the rich and the powerful is the great and most universal cause of the corruption of our moral sentiments.

Worshiping the rich is not the same as thinking they shouldn’t be the victims of exorbitant, confiscatory taxation.

Way to try and quote someone smarter than you out of context to make your point.  Adam Smith would not be a supporter of the modern tax code.

When the people fear their government, there is tyranny; when the government fears the people, there is liberty.

-- Thomas Jefferson

Rob’s recently listened-to songs:

Rob,

Adam Smith would not be a supporter of the modern tax code.

I didn’t know you had a direct line to him. Tell him I said Hi!

From 1924, from a populist.

Labeling people is simply a way to get around having to provide a logical argument.

...Moving on…

The proud liberal Adam Smith wrote in The Wealth of Nations: “No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable. It is but equity, besides, that they who feed, cloath and lodge the whole body of the people, should have such a share of the produce of their labour as to be themselves tolerably well fed, cloathed and lodged.”

Nunez,
Not picking, but you do realize that a liberal from Adam Smith’s era was for free markets and economic individualism, don’t you (before the left totally bastardized the meaning). It’s like how you call a fat guy Slim. And when Smith talks of equity, he’s also framing the term as a shared sacrifice for all: that doesn’t mean the “rich” pay all the taxes, but that everyone should pay an equitable share (unlike Keynes).

I’m with you on the squandering, but I think that ship has sailed. Too much government, too many earmarks, and too much turf to protect from tightening the belt.

"Can’t I just eat my waffle....”

-BHO

...and were flush with a surplus to a
point where we could lower taxes to low rates.

A “surplus” means the govt took more than even it could spend.  It simply means overtaxation.  You have it backward; the govt should have to justify every penny before it should be permitted to take anything from the citizens.

Save America; boycott the MSM.

FYI: Adam Smith was only a “liberal” in the old sense of the word, which now describes what are called “conservatives”.  The “liberals” of today are actually strong central govt leftie fascists.  Adam Smith was describing the horrible class stratification of the monarchial system, which featured peasants and nobility, with very little upward mobility.  Check the date on “Wealth of Nations”.  There was no Marxist “class struggle” bullshit going on at that time.

Save America; boycott the MSM.

In 2006, the top 1 percent of tax returns paid 39.9 percent of all federal individual income taxes and earned 22.1 percent of adjusted gross income, both of which are significantly higher than 2004 when the top 1 percent earned 19 percent of adjusted gross income (AGI) and paid 36.9 percent of federal individual income taxes. In 1990, those figures were 14 percent and 25.1 percent, respectively.

I guess the rich aren’t paying enought taxes for BHO.
Look for the tax rate to really hurt if BHO and the left take over. They are going to really lay it on the rich.
My only question is what do they consider rich?

Check out:
Goon’s North Dakota Red Neck
Goon’s World

So, the Bush Tax cuts didn’t have their intended results? Who would have thought it?

I guess we should go back to the Clinton Tax policies so the rich don’t have to carry such a burden.

There was plenty of class struggle going on in Smith’s time, the 18th century.

Thurston opines:

So, the Bush Tax cuts didn’t have their intended results? Who would have thought it?

Only the innumerate.  The tax rate cuts were intended to stimulate the economy and reduce incentives to shelter income.  Demonstrably, both were achieved.

I guess we should go back to the Clinton Tax policies so the rich don’t have to carry such a burden.

Spoken like a true new left man: “That didn’t work, let’s try it some MORE.”

Out Here
Rodney G. Graves

Ceterum censeo Parthia esse delendam
Latin: “Furthermore, Parthia (Persia aka modern day Iran) should be destroyed.”