mister TWENTY TRILLION DOLLAR DEBT... "barack hussein obama"

[Redfish]

I think we need to double taxes on the wealthy so we don't see a $20 trillion debt

We could tax the top 5% at 100% and it would not generate enough money to reduce the debt. You live in a fantasy world of rich-hate.

Republicans propose cutting the tax rate on the wealthy in half

What is so different in proposing we double it? To be fair, I would only double it until our $20 Trillion debt is paid off

What is the definition of "rich"? at what income level would you double the tax? How much extra revenue would that generate? How do you know it would be used to pay down the debt rather than more social giveaways to buy votes? Why would the "rich" keep their money in the USA and pay double taxes on it?

You are quite naive.

How about we raise the tax rate of anyone making over $1 million a year to pre-Reagan tax rates?

We dedicate the extra revenue to debt relief
But only untilo our debt is paid off. Then they can have the present rates back

when those higher rates were in effect we also had a lot of deductions and exemptions that the rich could take advantage of, so their actual tax rate was lower than it is today. This is much more complicated than just raising taxes on the evil rich.

But I asked you how much additional revenue would be generated, Find that number then divide it into 20 trillion and you will understand that taxing the rich will not eliminate the debt. The only fix is to cut federal spending to a number lower than revenue and then apply the surplus to the debt. Does anyone really think that will ever happen?

 

[007]

Actually, you have to put every single President ever on that list.

Really? What other president doubled the national debt by spending TEN TRILLION DOLLARS?

Well, there was that one time when Reagan tripled it. But that's neither here nor there. The United States as accrued debt since the beginning of her existence. No one person, no one party, can be saddled with responsibility for it.

1) Provide a link with proof that Reagan tripled the debt.
2) Provide a link with proof that Reagan spent ten trillion dollars.

Get educated. I'm not going to sit here and force feed you grade school level information.

So you can't, because you're a lying sack of shit... got it.

 

[Redfish]

I think we need to double taxes on the wealthy so we don't see a $20 trillion debt

We could tax the top 5% at 100% and it would not generate enough money to reduce the debt. You live in a fantasy world of rich-hate.

Republicans propose cutting the tax rate on the wealthy in half

What is so different in proposing we double it? To be fair, I would only double it until our $20 Trillion debt is paid off

Hey dumba$$, once the tax is on the books it never goes away. That is the behavior of the federal government.
They Are inherently irresponsible, Because the federal government is run by progressives.

Hey Dumbass

The wealthy used to pay 70% tax rate, now they pay 39%

Seems like the tax burden "went away"

No, they didn't. what they actually paid was less than they pay today. You are making a fool of yourself on this topic.

 

[rightwinger]

I think we need to double taxes on the wealthy so we don't see a $20 trillion debt

We could tax the top 5% at 100% and it would not generate enough money to reduce the debt. You live in a fantasy world of rich-hate.

Republicans propose cutting the tax rate on the wealthy in half

What is so different in proposing we double it? To be fair, I would only double it until our $20 Trillion debt is paid off

What is the definition of "rich"? at what income level would you double the tax? How much extra revenue would that generate? How do you know it would be used to pay down the debt rather than more social giveaways to buy votes? Why would the "rich" keep their money in the USA and pay double taxes on it?

You are quite naive.

How about we raise the tax rate of anyone making over $1 million a year to pre-Reagan tax rates?

We dedicate the extra revenue to debt relief
But only untilo our debt is paid off. Then they can have the present rates back

when those higher rates were in effect we also had a lot of deductions and exemptions that the rich could take advantage of, so their actual tax rate was lower than it is today. This is much more complicated than just raising taxes on the evil rich.

But I asked you how much additional revenue would be generated, Find that number then divide it into 20 trillion and you will understand that taxing the rich will not eliminate the debt. The only fix is to cut federal spending to a number lower than revenue and then apply the surplus to the debt. Does anyone really think that will ever happen?

Bullshit

Todays effective tax rate for the rich is at historic lows

How much additional revenue would it generate? How about $1 trillion a year?

 

[SwimExpert]

Not a hand out. It is an adjustment of the Constitutional tax system

I'm not looking for a tax rate that we haven't had before

I'm looking for an adjustment to the constitutional spending system. Ya know....like turning it down.

 

[Rustic]

I think we need to double taxes on the wealthy so we don't see a $20 trillion debt

We could tax the top 5% at 100% and it would not generate enough money to reduce the debt. You live in a fantasy world of rich-hate.

Republicans propose cutting the tax rate on the wealthy in half

What is so different in proposing we double it? To be fair, I would only double it until our $20 Trillion debt is paid off

Hey dumba$$, once the tax is on the books it never goes away. That is the behavior of the federal government.
They Are inherently irresponsible, Because the federal government is run by progressives.

Hey Dumbass

The wealthy used to pay 70% tax rate, now they pay 39%

Seems like the tax burden "went away"

An income tax being unconstitutional...
Why should they pay any more than anyone else, the bottom 40% really pay nothing. Luxury tax

 

[rightwinger]

Average effective tax rate over time

 

[Rustic]

We could tax the top 5% at 100% and it would not generate enough money to reduce the debt. You live in a fantasy world of rich-hate.

Republicans propose cutting the tax rate on the wealthy in half

What is so different in proposing we double it? To be fair, I would only double it until our $20 Trillion debt is paid off

What is the definition of "rich"? at what income level would you double the tax? How much extra revenue would that generate? How do you know it would be used to pay down the debt rather than more social giveaways to buy votes? Why would the "rich" keep their money in the USA and pay double taxes on it?

You are quite naive.

How about we raise the tax rate of anyone making over $1 million a year to pre-Reagan tax rates?

We dedicate the extra revenue to debt relief
But only untilo our debt is paid off. Then they can have the present rates back

when those higher rates were in effect we also had a lot of deductions and exemptions that the rich could take advantage of, so their actual tax rate was lower than it is today. This is much more complicated than just raising taxes on the evil rich.

But I asked you how much additional revenue would be generated, Find that number then divide it into 20 trillion and you will understand that taxing the rich will not eliminate the debt. The only fix is to cut federal spending to a number lower than revenue and then apply the surplus to the debt. Does anyone really think that will ever happen?

Bullshit

Todays effective tax rate for the rich is at historic lows

How much additional revenue would it generate? How about $1 trillion a year?

Where did you get the numbers from?? Maybe Algore??
Still not even close to fill in the fiscal gap...

 

[Redfish]

We could tax the top 5% at 100% and it would not generate enough money to reduce the debt. You live in a fantasy world of rich-hate.

Republicans propose cutting the tax rate on the wealthy in half

What is so different in proposing we double it? To be fair, I would only double it until our $20 Trillion debt is paid off

What is the definition of "rich"? at what income level would you double the tax? How much extra revenue would that generate? How do you know it would be used to pay down the debt rather than more social giveaways to buy votes? Why would the "rich" keep their money in the USA and pay double taxes on it?

You are quite naive.

How about we raise the tax rate of anyone making over $1 million a year to pre-Reagan tax rates?

We dedicate the extra revenue to debt relief
But only untilo our debt is paid off. Then they can have the present rates back

when those higher rates were in effect we also had a lot of deductions and exemptions that the rich could take advantage of, so their actual tax rate was lower than it is today. This is much more complicated than just raising taxes on the evil rich.

But I asked you how much additional revenue would be generated, Find that number then divide it into 20 trillion and you will understand that taxing the rich will not eliminate the debt. The only fix is to cut federal spending to a number lower than revenue and then apply the surplus to the debt. Does anyone really think that will ever happen?

Bullshit

Todays effective tax rate for the rich is at historic lows

How much additional revenue would it generate? How about $1 trillion a year?

you are wrong, but lets assume that you are correct. Lets assume that the extra trillion would all be used to pay down the debt. If the debt was interest free it would take 20 years, but its not interest free.

you are also assuming that we would have a balanced budget for 20+ years and that congress and the executive branch would not create any new debt.

Like I said earlier, you are living in a fantasy land.

 

[rightwinger]

I think we need to double taxes on the wealthy so we don't see a $20 trillion debt

We could tax the top 5% at 100% and it would not generate enough money to reduce the debt. You live in a fantasy world of rich-hate.

Republicans propose cutting the tax rate on the wealthy in half

What is so different in proposing we double it? To be fair, I would only double it until our $20 Trillion debt is paid off

Hey dumba$$, once the tax is on the books it never goes away. That is the behavior of the federal government.
They Are inherently irresponsible, Because the federal government is run by progressives.

Hey Dumbass

The wealthy used to pay 70% tax rate, now they pay 39%

Seems like the tax burden "went away"

An income tax being unconstitutional...
Why should they pay any more than anyone else, the bottom 40% really pay nothing. Luxury tax

Income tax is in the Constitution

The bottom 40% have little to contribute. Why don't you raise their salaries and then they can pay more in taxes? Sounds fair

 

[rightwinger]

Republicans propose cutting the tax rate on the wealthy in half

What is so different in proposing we double it? To be fair, I would only double it until our $20 Trillion debt is paid off

What is the definition of "rich"? at what income level would you double the tax? How much extra revenue would that generate? How do you know it would be used to pay down the debt rather than more social giveaways to buy votes? Why would the "rich" keep their money in the USA and pay double taxes on it?

You are quite naive.

How about we raise the tax rate of anyone making over $1 million a year to pre-Reagan tax rates?

We dedicate the extra revenue to debt relief
But only untilo our debt is paid off. Then they can have the present rates back

when those higher rates were in effect we also had a lot of deductions and exemptions that the rich could take advantage of, so their actual tax rate was lower than it is today. This is much more complicated than just raising taxes on the evil rich.

But I asked you how much additional revenue would be generated, Find that number then divide it into 20 trillion and you will understand that taxing the rich will not eliminate the debt. The only fix is to cut federal spending to a number lower than revenue and then apply the surplus to the debt. Does anyone really think that will ever happen?

Bullshit

Todays effective tax rate for the rich is at historic lows

How much additional revenue would it generate? How about $1 trillion a year?

you are wrong, but lets assume that you are correct. Lets assume that the extra trillion would all be used to pay down the debt. If the debt was interest free it would take 20 years, but its not interest free.

you are also assuming that we would have a balanced budget for 20+ years and that congress and the executive branch would not create any new debt.

Like I said earlier, you are living in a fantasy land.

Took us 30 years to get to $20 trillion in debt.....we are not going to pay it back overnight

 

[007]

Democrats voted for every penny of Reagan's spending, and the first Bush, and the second Bush.

And so did Republicans. Which brings us right back to what I said from the beginning. No one person, no one party, can be blamed for the debt. They are all at fault.

That's the first thing in this thread that actually is true. I will not defend republicans when it comes to spending.

However, it is under the obama presidency, that the national debt has DOUBLED, what it took EVERY OTHER PRESIDENT IN HISTORY to accumulate. The kenyan's legacy so far will be the president that spent more than ALL THE OTHERS PUT TOGETHER. Might take awhile to top THAT, because basically it's IMPOSSIBLE.

It's been the goal of GEORGE SOROS and OBAMA to BANKRUPT this nation, and by God they're succeeding.

 

[Redfish]

Average effective tax rate over time

So you really think that in 1960 a person making 10 million paid 7.14 million in federal taxes? Are you really that naive?

 

[bedowin62]

I think we need to double taxes on the wealthy so we don't see a $20 trillion debt

We could tax the top 5% at 100% and it would not generate enough money to reduce the debt. You live in a fantasy world of rich-hate.

Republicans propose cutting the tax rate on the wealthy in half

What is so different in proposing we double it? To be fair, I would only double it until our $20 Trillion debt is paid off

It's not up to the rich to provide handouts, it's not in their job description.

Not a hand out. It is an adjustment of the Constitutional tax system

I'm not looking for a tax rate that we haven't had before

FORWARD!!!

or backward; left-wing nutjobs dont seem to know the difference

 

[rightwinger]

Republicans propose cutting the tax rate on the wealthy in half

What is so different in proposing we double it? To be fair, I would only double it until our $20 Trillion debt is paid off

What is the definition of "rich"? at what income level would you double the tax? How much extra revenue would that generate? How do you know it would be used to pay down the debt rather than more social giveaways to buy votes? Why would the "rich" keep their money in the USA and pay double taxes on it?

You are quite naive.

How about we raise the tax rate of anyone making over $1 million a year to pre-Reagan tax rates?

We dedicate the extra revenue to debt relief
But only untilo our debt is paid off. Then they can have the present rates back

when those higher rates were in effect we also had a lot of deductions and exemptions that the rich could take advantage of, so their actual tax rate was lower than it is today. This is much more complicated than just raising taxes on the evil rich.

But I asked you how much additional revenue would be generated, Find that number then divide it into 20 trillion and you will understand that taxing the rich will not eliminate the debt. The only fix is to cut federal spending to a number lower than revenue and then apply the surplus to the debt. Does anyone really think that will ever happen?

Bullshit

Todays effective tax rate for the rich is at historic lows

How much additional revenue would it generate? How about $1 trillion a year?

Where did you get the numbers from?? Maybe Algore??
Still not even close to fill in the fiscal gap...

 

[Redfish]

What is the definition of "rich"? at what income level would you double the tax? How much extra revenue would that generate? How do you know it would be used to pay down the debt rather than more social giveaways to buy votes? Why would the "rich" keep their money in the USA and pay double taxes on it?

You are quite naive.

How about we raise the tax rate of anyone making over $1 million a year to pre-Reagan tax rates?

We dedicate the extra revenue to debt relief
But only untilo our debt is paid off. Then they can have the present rates back

when those higher rates were in effect we also had a lot of deductions and exemptions that the rich could take advantage of, so their actual tax rate was lower than it is today. This is much more complicated than just raising taxes on the evil rich.

But I asked you how much additional revenue would be generated, Find that number then divide it into 20 trillion and you will understand that taxing the rich will not eliminate the debt. The only fix is to cut federal spending to a number lower than revenue and then apply the surplus to the debt. Does anyone really think that will ever happen?

Bullshit

Todays effective tax rate for the rich is at historic lows

How much additional revenue would it generate? How about $1 trillion a year?

you are wrong, but lets assume that you are correct. Lets assume that the extra trillion would all be used to pay down the debt. If the debt was interest free it would take 20 years, but its not interest free.

you are also assuming that we would have a balanced budget for 20+ years and that congress and the executive branch would not create any new debt.

Like I said earlier, you are living in a fantasy land.

Took us 30 years to get to $20 trillion in debt.....we are not going to pay it back overnight

Wrong, it took 231 years to get 10 trillion in debt and 8 more to get 20 trillion in debt.

 

[Rustic]

We could tax the top 5% at 100% and it would not generate enough money to reduce the debt. You live in a fantasy world of rich-hate.

Republicans propose cutting the tax rate on the wealthy in half

What is so different in proposing we double it? To be fair, I would only double it until our $20 Trillion debt is paid off

Hey dumba$$, once the tax is on the books it never goes away. That is the behavior of the federal government.
They Are inherently irresponsible, Because the federal government is run by progressives.

Hey Dumbass

The wealthy used to pay 70% tax rate, now they pay 39%

Seems like the tax burden "went away"

An income tax being unconstitutional...
Why should they pay any more than anyone else, the bottom 40% really pay nothing. Luxury tax

Income tax is in the Constitution

The bottom 40% have little to contribute. Why don't you raise their salaries and then they can pay more in taxes? Sounds fair

No it was put there in the socialist Teens, an income tax is just really a punishment for success.

A luxury tax makes more sense

 

[007]

What is the definition of "rich"? at what income level would you double the tax? How much extra revenue would that generate? How do you know it would be used to pay down the debt rather than more social giveaways to buy votes? Why would the "rich" keep their money in the USA and pay double taxes on it?

You are quite naive.

How about we raise the tax rate of anyone making over $1 million a year to pre-Reagan tax rates?

We dedicate the extra revenue to debt relief
But only untilo our debt is paid off. Then they can have the present rates back

when those higher rates were in effect we also had a lot of deductions and exemptions that the rich could take advantage of, so their actual tax rate was lower than it is today. This is much more complicated than just raising taxes on the evil rich.

But I asked you how much additional revenue would be generated, Find that number then divide it into 20 trillion and you will understand that taxing the rich will not eliminate the debt. The only fix is to cut federal spending to a number lower than revenue and then apply the surplus to the debt. Does anyone really think that will ever happen?

Bullshit

Todays effective tax rate for the rich is at historic lows

How much additional revenue would it generate? How about $1 trillion a year?

you are wrong, but lets assume that you are correct. Lets assume that the extra trillion would all be used to pay down the debt. If the debt was interest free it would take 20 years, but its not interest free.

you are also assuming that we would have a balanced budget for 20+ years and that congress and the executive branch would not create any new debt.

Like I said earlier, you are living in a fantasy land.

Took us 30 years to get to $20 trillion in debt.....we are not going to pay it back overnight

Actually, at this point, the debt is virtually impossible to pay back. You're forgetting about the interest. There's just not enough money to be had to pay it off. The cuts it would take to do so are so draconian that to simply propose them would send the EBT CROWD into full blown panic and anarchy. The FREEBIES would have to DISAPPEAR.

 

[Rustic]

This country is never been debt really, unfortunately so.

 

[Timmy]

I think we need to double taxes on the wealthy so we don't see a $20 trillion debt

We could tax the top 5% at 100% and it would not generate enough money to reduce the debt. You live in a fantasy world of rich-hate.

Republicans propose cutting the tax rate on the wealthy in half

What is so different in proposing we double it? To be fair, I would only double it until our $20 Trillion debt is paid off

Hey dumba$$, once the tax is on the books it never goes away. That is the behavior of the federal government.
They Are inherently irresponsible, Because the federal government is run by progressives.

Hey Dumbass

The wealthy used to pay 70% tax rate, now they pay 39%

Seems like the tax burden "went away"

An income tax being unconstitutional...
Why should they pay any more than anyone else, the bottom 40% really pay nothing. Luxury tax

Sure , in a world where the only tax is fed income tax . But we don't live in that world . There are taxes and fees everywhere .

I commute to work. Fed gas tax is 18 cents a gallon (never mind the state tax more than double that) . So about .50 a gallon to taxes . Same as the millionaire commuting next to me .

The real question is what are the actual tax rates people are paying .