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kraft-t
Senior Advisor

When you taxes go up on January one 2011

Do not blame democrats. Blame GW Bush and the republicans that passed the previous tax cut bills. They wrote and passed the bills.

 

Democrats have no obligation to do anything about tax laws. One administration and one congress have no obligation to continue previous policies, Any thinking austere republican should realize that the tax code of the past 8 years have not produced the proper results. Certainly no one thinks it was a success.

 

Of course the republicans are alarming us that raising taxes will do serious harm to the economy and job creation. Which means the tax code of Reagan, Clinton, and GHW Bush caused a complete failure in the economy and job creation. Why? Because they all had higher tax rates than today.

 

Thus they must have all been responsible for abject failure. No Job creation at all in the 20 years of their administrations. Does business and their paid congressional henchmen think our memories are that bad?

59 Replies
dagwud
Senior Contributor

Re: When you taxes go up on January one 2011

Be interesting to talk about and know what the average Joe pays in total combined taxes instead of just talking about their federal and state income taxe rates.  Do we now pay more in taxes or all While income taxe rates were higher back them I'm guessing there was a smaller variety of taxes being collected back then as well.  Now days we have several new taxes being collected for fuel and fertilizer to pay for envirmental clean ups.  We now pay assorted taxes on cell phones, dish TV service, internet, 911 and other purchases and services that were not available back during some of those past administrations you mention.  Iowa's sales tax has gone up a couple of points as well adding to one's over all tax bill. 

BA Deere
Senior Contributor

Re: When you taxes go up on January one 2011

If the Dems didn`t raise income taxes they`d just shift more spending down to the property tax level. At least with income taxes you can buy a tractor and forget to sell a batch of beans, Bada, Boom, Bada, Bing you don`t owe the guberment a dime. Hope President Romney will have more favorable rates down the road. Where as with  property tax, you`re strapped in the chair, getting a triple root canal.

schnurrbart
Veteran Advisor

Re: When you taxes go up on January one 2011

If you make widgets and the cost of making them goes up because one component is getting scarce, what do you?  Maybe raise prices on widgets???  How does the govt. make money?  We have two wars going on and probably 2 more on the verge of starting up and taxes--how the govt makes money-- are low.  The cost of just maintaining the status quo is now more expensive just like bread, milk, cars, rutabagas and everything else has increased in price.  Taxes will go up.  They just announced that Arizonians will start paying real estate tax to fund schools.  City and state sales taxes went up this year.  Perhaps if these things had been funded all along properly instead of giving all the "haves" a break "to produce more jobs" instead of just buying more toys, we wouldn't be in quite the shape we are in right now!!

cotman03
Veteran Contributor

Re: When you taxes go up on January one 2011

Take the tax breaks away from the "haves," take the giveaways away from the freeloaders and at least make an attempt to do away with fraud in all government programs.  I'd be okay with that.  Just doing away with tax breaks is bs.  Your boys will just increase spending because there is more money coming in than previously.

Milligan Hay - Iowa d:^)
Veteran Advisor

Re: Those Silly Liberals....

Those silly liberals never seem to learn that the politicians are in the business of buying your support (votes) by giving you things that you end up paying for out of your own pocket, anyway.

(why can't we do that on our own, I wonder?)

Maggie Thatcher said, wisely...."The problem with Socialism is that you eventually run out of other people's money." She was dead on right, and the Leftists are guilty of theft by government.

4wd
Senior Contributor

Re: Those Silly Liberals....

It never fails to escape me. Whenever there is budget shortfalls in DC, first thing discussed is raise taxes.

When are they going to look at the spending side? Fighting those two wars in the mid east cost $$Billions$$. How about ending them, bringing the troups home, and maybe deploying some in Arizona to patrol the border, and dismissing all the rest. How much would that save in spending? Maybe a tax hike wouldn't be necessary? Why not discuss this as an option? Is the military a sacred cow  forever untouchable while they employ  troups, purchase war material and fuel, shooting gazillion of rounds of lead in unending supply of guns of all types. I really have to ask. Who will cut out the wars and get back to defending our immediate borders?

sharksoup
Senior Contributor

Re: When you taxes go up on January one 2011

The GOP is in perfect position to take advantage of the situation.  If the tax cut bills are allowed to die a natural death, the the Dems will be blamed for a huge "tax increase".  But if the the cuts are left in place, the the Dems can be blamed for adding trillions of dollars to the national deficit.

 

Of course you hear no talk from either side about what spending or program cuts could be put through to keep the bills in place. 

 

He likely didn't mean to say so, but Miligan had it right "Those silly liberals conservatives never seem to learn that the politicians are in the business of buying your support (votes) by giving you things that you end up paying for out of your own pocket, anyway."   Like huge tax cuts without a means to pay for them. 

4wd
Senior Contributor

Re: When you taxes go up on January one 2011

There are some serious flaws in our tax laws and they should be plugged, but why in the hell throw the baby out too??

 

For instance, expensing a farm pickup for farm use in the year purchased is an incentive for sucessful income generating businesses that want to expand to go ahead and buy one now, rather than wait, and thusly reduce their tax liability. But, to allow the entire price of a $45,000 pickup fully equipped with 4wd, diesel, extra doors, long bed, chrome package King Ranch options, etc. vs a plain-jane pick up for $23,000 does seem to me to be wrong. Maybe allow up to say $23,000 expense on a new pick up only would be more business oriented rather than "guilding the lilly" since it is all deductable anyway.

 

It is not good business to allow thise business purchase sec 179 expense items to expire in this country. Just massage them a bit, but don't kill em..

Milligan Hay - Iowa d:^)
Veteran Advisor

Re: When you taxes go up on January one 2011


@sharksoup wrote:

The GOP is in perfect position to take advantage of the situation.  If the tax cut bills are allowed to die a natural death, the the Dems will be blamed for a huge "tax increase".  But if the the cuts are left in place, the the Dems can be blamed for adding trillions of dollars to the national deficit.

 

Of course you hear no talk from either side about what spending or program cuts could be put through to keep the bills in place. 

 

He likely didn't mean to say so, but Miligan had it right "Those silly liberals conservatives never seem to learn that the politicians are in the business of buying your support (votes) by giving you things that you end up paying for out of your own pocket, anyway."   Like huge tax cuts without a means to pay for them. 


When the enemy is busy putting the noose around their neck, the best thing to do (at least before election day) is to quietly tie the other end onto something immovable, (like the Constitution of the United States) and let them snap their own necks. 

Those Rangel and Waters trials ought to play nicely during the last 6 weeks before ballots are counted and the absentee votes are being cast.

Those Republicans that got the boot two years ago, are gone.... a new breed of Constitutionalists are in place to give the new GOP a new look. (they better, or they are out on their ass, again)...... so, RINOs gone....good....Leftists gone in a few weeks, even better.

Hopefully the new guys will remember that they can be fired if they do not stand on the GOP platform of smaller, efficient governing.