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Go Kerry. Go away, Bush.

Started by Arta, August 01, 2004, 09:02 AM

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quasi-modo

Nice stealth. And the reason those lower classes even pay that much is because there are a ton of them. They do not pay a very high percent at all of their income if you actually bothered to look at the tax bracket links I posted before. Ill post it again for the hell of it
http://www.fairmark.com/begin/bracket.htm
WAR EAGLE!
Quote(00:04:08) zdv17: yeah i quit doing that stuff cause it jacked up the power bill too much
(00:04:19) nick is a turtle: Right now im not paying the power bill though
(00:04:33) nick is a turtle: if i had to pay the electric bill
(00:04:47) nick is a turtle: id hibernate when i go to class
(00:04:57) nick is a turtle: or at least when i go to sleep
(00:08:50) zdv17: hibernating in class is cool.. esp. when you leave a drool puddle

quasi-modo

Quote from: Stealth on August 04, 2004, 11:31 PM

Class / Percentage of taxes
50% OF PEOPLE: LOWER CLASS (< 27,682 yearly):   3.91% OF TAXES
40% OF PEOPLE: MIDDLE CLASS (27,682 - 92,144):  28.76% OF TAXES
10% OF PEOPLE: UPPER CLASS (>92,144 yearly):  67.33% OF TAXES

That seems like a damned fair distribution to me.
so lets ask again, who do you think deserves a tax break or cash back? The ones who pay the most correct? So why do you think the rich are getting the most money back? Because they payed in the most. Those who pay a higher percent on their income well get a higher percent of their income handed back to them then those who are paying a lesser percent because they have a lower income.
WAR EAGLE!
Quote(00:04:08) zdv17: yeah i quit doing that stuff cause it jacked up the power bill too much
(00:04:19) nick is a turtle: Right now im not paying the power bill though
(00:04:33) nick is a turtle: if i had to pay the electric bill
(00:04:47) nick is a turtle: id hibernate when i go to class
(00:04:57) nick is a turtle: or at least when i go to sleep
(00:08:50) zdv17: hibernating in class is cool.. esp. when you leave a drool puddle

Trance

What the Republicans use is called trickle down economics, basically it's supposed to allow the rich to have more money and allow them to pass it down to thier employees and such in the lower tax brackets. It basically works on the honour system. So in theory it should work well, but it doesn't in reality because the wealthy usually don't increase wages for thier workers.. they keep the money.

The Democrats prefer another plan, one of which I forget the name of. This plan works on the theory of lessoning the burdon on the lower to middle income tax brackets and allowing them to have more spending power. This usually works very well because they are indeed the majority.


quasi-modo

Quote from: Trance on August 05, 2004, 04:24 AMSo in theory it should work well, but it doesn't in reality because the wealthy usually don't increase wages for thier workers.. they keep the money.

The Democrats prefer another plan, one of which I forget the name of. This plan works on the theory of lessoning the burdon on the lower to middle income tax brackets and allowing them to have more spending power. This usually works very well because they are indeed the majority.


Yeah so thats why reaganomics worked so well  ::)

Ps: bushes tax cut is not trickle down economics. Its a tax cut for everyone with percents based on the tax bracket. It just so happens that the rich benefit the most $ wise because they pay the most.

The democrats are proposing hiking taxes on the middle class. Thats lessoning the burdon? You know lowering the taxes on one tax bracket is not going to do much anyway, the drop would need to be accross the board (like the bush cut).

When the rich got money they invest it. I find it hard to believe a rich guy would just leave his money in a bank where he would only loose money because of that because of taxes. The rich guy is going to invest it in the market, or build a factory or something. Idle money does not do that rich many any good.
WAR EAGLE!
Quote(00:04:08) zdv17: yeah i quit doing that stuff cause it jacked up the power bill too much
(00:04:19) nick is a turtle: Right now im not paying the power bill though
(00:04:33) nick is a turtle: if i had to pay the electric bill
(00:04:47) nick is a turtle: id hibernate when i go to class
(00:04:57) nick is a turtle: or at least when i go to sleep
(00:08:50) zdv17: hibernating in class is cool.. esp. when you leave a drool puddle

j0k3r

#139
Quote from: peofeoknight on August 05, 2004, 11:52 AM
The rich guy is going to invest it in the market, or build a factory or something. Idle money does not do that rich many any good.
Correct me if I'm wrong, but doesn't "idle" money collect interest?
QuoteAnyone attempting to generate random numbers by deterministic means is, of course, living in a state of sin
John Vo

Banana fanna fo fanna

Yes, it does, but it can grow much faster by investing it in something.

quasi-modo

#141
Quote from: j0k3r on August 05, 2004, 11:57 AM
Quote from: peofeoknight on August 05, 2004, 11:52 AM
The rich guy is going to invest it in the market, or build a factory or something. Idle money does not do that rich many any good.
Correct me if I'm wrong, but doesn't "idle" money collect interest?
bank interest is practically nothing. Factor in inflation and it really is pathetic. http://inflationdata.com/inflation/inflation_rate/CurrentInflation.asp
WAR EAGLE!
Quote(00:04:08) zdv17: yeah i quit doing that stuff cause it jacked up the power bill too much
(00:04:19) nick is a turtle: Right now im not paying the power bill though
(00:04:33) nick is a turtle: if i had to pay the electric bill
(00:04:47) nick is a turtle: id hibernate when i go to class
(00:04:57) nick is a turtle: or at least when i go to sleep
(00:08:50) zdv17: hibernating in class is cool.. esp. when you leave a drool puddle

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