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Tax Hikes

  • OK, I got a serious question for non bomb throwing liberals interested in a real debate. If Obama get's his way (Oh crap, I am un-American for hoping Obama get's his way!) and he raises taxes on the rich to the tune he is saying, what happens if the deficit keeps growing and the economy remains stagnate? Will there be more tax hikes on the rich? How much more should the "rich" ( I use that term loosely since Obama's definition of rich isn't the same as mine) pay? If Obama get's his tax hikes through right now that he wants, is that considered the rich paying their fair share?

    signature image

    www.miamiproject.miami.edu/

    Buckeye Warrior

  • 1. I do not think that tax hikes will be implemented without budget reductions. Simply raising taxes on the rich without reducing the budget deficits would accomplish virtually the same thing as cutting spending without raising tax revenue. That is to say that it would likely reduce the budget deficit, but not as substantial as if BOTH spending cuts and target tax increases were implemented. (IMHO)

    2. The federal Government will have somewhere between a $900-billion and a $1-trillion budget deficit in 2013 even IF taxes are raised AND spending is cut.

    3. IF taxes are raised an significant budget cuts are not made, I will NOT be a happy camper. I will not go so far as to say I "hate" Obama, but I WILL begin referring to him as "Bush 2.0." Primarily, because the budget deficits and the National Debt MUST be dealt with in the present tense and not put-off for another 4 years.

    signature image signature image signature image

    @542BlueBuck

    zeke_tolliver

  • zeke_tolliver said...

    1. I do not think that tax hikes will be implemented without budget reductions. Simply raising taxes on the rich without reducing the budget deficits would accomplish virtually the same thing as cutting spending without raising tax revenue. That is to say that it would likely reduce the budget deficit, but not as substantial as if BOTH spending cuts and target tax increases were implemented. (IMHO)

    2. The federal Government will have somewhere between a $900-billion and a $1-trillion budget deficit in 2013 even IF taxes are raised AND spending is cut.

    3. IF taxes are raised an significant budget cuts are not made, I will NOT be a happy camper. I will not go so far as to say I "hate" Obama, but I WILL begin referring to him as "Bush 2.0." Primarily, because the budget deficits and the National Debt MUST be dealt with in the present tense and not put-off for another 4 years.

    My question is about fairness and the economy. So far we keep being told that Clinton's tax hikes are good for the economy and that the rich need to pay their fair share. So when these new tax hikes go into effect, what happens if the economy stays stagnate? Do we beat the drum for even higher taxes on the rich?

    signature image

    www.miamiproject.miami.edu/

    Buckeye Warrior

  • Buckeye Warrior said...

    OK, I got a serious question for non bomb throwing liberals interested in a real debate. If Obama get's his way (Oh crap, I am un-American for hoping Obama get's his way!) and he raises taxes on the rich to the tune he is saying, what happens if the deficit keeps growing and the economy remains stagnate? Will there be more tax hikes on the rich? How much more should the "rich" ( I use that term loosely since Obama's definition of rich isn't the same as mine) pay? If Obama get's his tax hikes through right now that he wants, is that considered the rich paying their fair share?

    And what is your idea of rich? No, they should be taxed higher than even Obama wants. And if the economy doesn't get better its because the Cons holding any infrastructure money back with more filibusters. They won't pass anything because the Repubs are split wide open.

    dave1954

  • dave1954 said...

    And what is your idea of rich? No, they should be taxed higher than even Obama wants. And if the economy doesn't get better its because the Cons holding any infrastructure money back with more filibusters. They won't pass anything because the Repubs are split wide open.

    Please no one respond to Dave. Serious debate only.

    signature image

    www.miamiproject.miami.edu/

    Buckeye Warrior

  • Buckeye Warrior said...

    Please no one respond to Dave. Serious debate only.

    Now he is going to call you a Tom and a moron, followed by jerk-face and finish with potty mouth.

    dumbname

  • Buckeye Warrior said...

    OK, I got a serious question for non bomb throwing liberals interested in a real debate. If Obama get's his way (Oh crap, I am un-American for hoping Obama get's his way!) and he raises taxes on the rich to the tune he is saying, what happens if the deficit keeps growing and the economy remains stagnate? Will there be more tax hikes on the rich? How much more should the "rich" ( I use that term loosely since Obama's definition of rich isn't the same as mine) pay? If Obama get's his tax hikes through right now that he wants, is that considered the rich paying their fair share?

    I think we should retroactively go back for at least 20 years and tax the rich extra on everything they've made just to be fair. Just kidding.

    In all seriousness, but I'm not liberal so I probably shouldn't answer, there's no way the deficit will not continue to grow under this administration, even with higher taxes on the 2%. Our elected officials have proven they can't produce a budget, let alone manage one, and the only solution is a balanced budget amendment to the constitution, or some other limitation on spending to a certain percentage of GDP. Even with either of those in place I wouldn't trust any of them to not manipulate the numbers to spend more. Until all Americans realize we have a spending problem nothing will change.

    "You're only young once, but you can always be immature."

    excabuckeye

  • excabuckeye said...

    I think we should retroactively go back for at least 20 years and tax the rich extra on everything they've made just to be fair. Just kidding.

    In all seriousness, but I'm not liberal so I probably shouldn't answer, there's no way the deficit will not continue to grow under this administration, even with higher taxes on the 2%. Our elected officials have proven they can't produce a budget, let alone manage one, and the only solution is a balanced budget amendment to the constitution, or some other limitation on spending to a certain percentage of GDP. Even with either of those in place I wouldn't trust any of them to not manipulate the numbers to spend more. Until all Americans realize we have a spending problem nothing will change.

    I would like to see a Balanced Budget Amendment but the Democrats would never go for that.

    signature image

    www.miamiproject.miami.edu/

    Buckeye Warrior

  • If the Clinton tax hikes were so good for the economy why aren't the Dems proposing them for all income levels?

    pazbuc

  • The new taxes requested by BO will only "cover" about 3% of the annual deficit, so does nothing and nothing+1 to the total national debt. (and dont forget about deducting the taxes paid by 200,000-700,000 current wage-earners, the estimate of the number of jobs that will be lost by imposing the new taxes).

    50% of Americans pay no income taxes (which means half of us are already on the dole for things that all agree are legit government enterprises--free national defense and intel, infrastructure, regulation, courts, national parks, CDC, etc etc etc).

    What we are watching is the implementation of the Left's strategy to legitimize class envy as an electoral force....get enough people on the government dole, and you can do anything you want to the top earners. They will be coming after lower-tier top earners next, as they deliberately add dependant "citizens" to the welfare rolls.

    Top 1% pays 37% of all income taxes, top 5% pays 58%, top 10% pays 70%.....(per National Taxpayers Union)

    At some point, we HAVE to start analyzing what constitutes a "fair share" with all the facts included in the debate.....Is "fair" totally dependant on the fact that some have more money? Is it fair to have some paying +50% of their income to Fed/State/Municipalities, while others pay zilch? The obvious answer--IMO--is "no". Which is why the Left works so hard to demonize high earners and delegitimize their success.

    Love2H8Blue

  • Love2H8Blue said...

    The new taxes requested by BO will only "cover" about 3% of the annual deficit, so does nothing and nothing+1 to the total national debt. (and dont forget about deducting the taxes paid by 200,000-700,000 current wage-earners, the estimate of the number of jobs that will be lost by imposing the new taxes).

    50% of Americans pay no income taxes (which means half of us are already on the dole for things that all agree are legit government enterprises--free national defense and intel, infrastructure, regulation, courts, national parks, CDC, etc etc etc).

    What we are watching is the implementation of the Left's strategy to legitimize class envy as an electoral force....get enough people on the government dole, and you can do anything you want to the top earners. They will be coming after lower-tier top earners next, as they deliberately add dependant "citizens" to the welfare rolls.

    Top 1% pays 37% of all income taxes, top 5% pays 58%, top 10% pays 70%.....(per National Taxpayers Union)

    At some point, we HAVE to start analyzing what constitutes a "fair share" with all the facts included in the debate.....Is "fair" totally dependant on the fact that some have more money? Is it fair to have some paying +50% of their income to Fed/State/Municipalities, while others pay zilch? The obvious answer--IMO--is "no". Which is why the Left works so hard to demonize high earners and delegitimize their success.

    Which is why it should be mandatory for anyone who wants unemployment benefits, food stamps or welfare to work a minimum of 20 hours/week in some form of public service capacity for the right to those benefits. Pick up trash or work in a halfway house - anything to create some ownership, and I'm sure our broke local governments could find something for them to do. And while we're at it what's wrong with mandatory drug testing? I'm not against benefits for people that need and deserve them, but there needs to be some minimum standards so people can't game the system. For the life of me I can not understand why something this simple couldn't become part of our policy. Pay to play so there's some skin in the game and no free lunch. Let the retorts from liberals begin.

    "You're only young once, but you can always be immature."

    excabuckeye

  • excabuckeye said...

    Which is why it should be mandatory for anyone who wants unemployment benefits, food stamps or welfare to work a minimum of 20 hours/week in some form of public service capacity for the right to those benefits. Pick up trash or work in a halfway house - anything to create some ownership, and I'm sure our broke local governments could find something for them to do. And while we're at it what's wrong with mandatory drug testing? I'm not against benefits for people that need and deserve them, but there needs to be some minimum standards so people can't game the system. For the life of me I can not understand why something this simple couldn't become part of our policy. Pay to play so there's some skin in the game and no free lunch. Let the retorts from liberals begin.

    Yup yup yup. Come on in...heres a shovel...dig a hole until noon. Then, a free lunch. Then fill it back up all afternoon. 8 AM start. Couldn't get out of bed til 9? See you tomorrow...monthly checks down 5%...half of folks on benefits have no business being on them. I totally agree.

    Love2H8Blue

  • excabuckeye said...

    Which is why it should be mandatory for anyone who wants unemployment benefits, food stamps or welfare to work a minimum of 20 hours/week in some form of public service capacity for the right to those benefits. Pick up trash or work in a halfway house - anything to create some ownership, and I'm sure our broke local governments could find something for them to do. And while we're at it what's wrong with mandatory drug testing? I'm not against benefits for people that need and deserve them, but there needs to be some minimum standards so people can't game the system. For the life of me I can not understand why something this simple couldn't become part of our policy. Pay to play so there's some skin in the game and no free lunch. Let the retorts from liberals begin.

    In theory, I like your idea of requiring receipients of government benefits to do some type of work. However, as part of a massive "re-organization" last November, I lost my six figure job. I was eligible to draw unemployment and although it was not alot, it did help out. My wife who is an epidemiologist for the State of Ohio, was able to increase her hours from part time (24 hours) to 39 hours per week. She is fortunate to be able to work part time as we have 3 boys. During my 3 month vacation, I spent 10-12 hours per day looking for another job. Also, we took our boys out of pre-school and daycare to save money.

    If I had to go pick up trash, which I am not above doing, it would have cost more for babysitting than the $473 net I received from unemployment.

    In addition, Welfare and Unemployment is not the key drivers to our current debt issue. This is not to say changes (cuts) should not be made rather there are other expenses that can be reduced which will be more impactfull to the total debt issue. Specifically, Defense. We could cut 3-4 billion/year from Defense spending and become a safer nation at the same time. I would like to see our government re-allocate defense spending to more closely align with our current state rather than spending money on Defense programs that are no longer relavent.

    Last, I personally tend to be slightly to the left although there are some issues that I more closely align with the right. I don't care which side of the fence your are on, at the end of the day we are all Americans and our government is letting us down. In my opinion, their behavior is unacceptable and if they worked in the private sector, they would be standing in the unemployment line. This is all government, not just the president. At some point, these people need to be held accountable and we are the only ones who really have the power to do so. It would be awsome to band together as voters, define 5 key metrics such as Unemployment Rate, Spending % of GDP, Debt Reduction, etc... and hold all members of govenment accountable to these metrics. The premise would be that if we were not hitting every defined metric at the end of their term, we would all vote for the challenger regardless of party affiliation. So, if you vote Republican and we are not hitting the metrics, you vote for the Republican challenger in all races, same goes for Democrats. Until these people are held accountable to serve us, they will continue to do what is in the best interest of themselves.

    Just a thought!

    Bucktooth2

  • dumbname said...

    Now he is going to call you a Tom and a moron, followed by jerk-face and finish with potty mouth.

    How about you shut the fuck up if you don't add anything?

    Anyways BW,

    I think we need to raise taxes up to 44% on those making $400,000 or more. Next up, time to cut the military stuff. Hell I don't think we need a base in every dam country any more. We are paying something like 800 billion on military bases.

    Then I think we we can close some loop holes and maybe legalize marijuana. Would reduce cost of enforcement and increase tax revenues.

    This post was edited by AlphaBuckeye06 on 12/31/2012 at 4:19 PM

    AlphaBuckeye06

  • dave1954 said...

    And what is your idea of rich? No, they should be taxed higher than even Obama wants. And if the economy doesn't get better its because the Cons holding any infrastructure money back with more filibusters. They won't pass anything because the Repubs are split wide open.

    Good to see Dave conclude his year on the same note even after his candidate's "victory"... Bitter, angry, and resentful. Sadly 2013 will bring more of the same for you. No amount of tax increase and corresponding "redistribution of wealth" will ever satisfy your perceived persecution It must really torque you that taxes are only going to get raised on families making more than $450K and individuals earning >$400K (So much retribution lost... A pity).

    You are truly a victim, but not because other people have made you such... You are one because you feel sorry for yourself and take no accountability for your own decisions, actions, and position in life. You hide behind race and do more to spread hatred and divisiveness than the significant majority of those you attack and blame for your problems. People such as yourself solve nothing, produce little but more obligation and liability for others, and generally make our country a weaker nation. That's okay though as long as you do so in a "progressive" way.

    Keep blaming those dreaded "cons" for just not spending enough money we don't have to fund your leftist grand designs. Wallow in the ignorance that increasing taxes could remotely pay for what is already in place let alone what you wish to expand. Meanwhile, those of us paying your ticket will continue to do so while you lament why there isn't more. The fallacy of your arguments will be exposed with our debts and deficits continuing to grow at unsustainable levels without the significant budget cuts which must occur for any legitimate and meaningful reform.

    Happy New Year Dave... I have complete faith you will keep rallying people to the conservative cause in 2013.

    sryan2

  • Buckeye Warrior said...

    I would like to see a Balanced Budget Amendment but the Democrats would never go for that.

    BW, Republicans have never exactly embraced the idea of a Balanced budget. Reagan, H.W and W weren't exactly deficit cutting Hawks. It was all apart of their strategy to drive up the deficit and force cuts on entitlements or In their words "the welfare society". Fact of the matter is the vast majority of Americans like Social Security, Medicare and Medicaid. Clinton a Democrat is the only President in my lifetime with a budget surplus.

    This post was edited by Buckrock on 12/31/2012 at 5:46 PM

    Buckrock

  • Buckrock said...

    BW, Republicans have never exactly embraced the idea of a Balanced budget. Reagan, H.W and W weren't exactly deficit cutting Hawks. It was all apart of their strategy to drive up the deficit and force cuts on entitlements or In their words "the welfare society". Fact of the matter is the vast majority of Americans like Social Security, Medicare and Medicaid. Clinton a Democrat is the only President in my lifetime with a budget surplus.

    Sure the "vast majority of Americans like Social Security, Medicare and Medicaid" but the same vast majority don't want to pay the price to keep them solvent. The chickens will come home to roost someday and the longer we put off the pain to fix them the tougher the medicine will be to swallow.

    pazbuc

  • pazbuc said...

    Sure the "vast majority of Americans like Social Security, Medicare and Medicaid" but the same vast majority don't want to pay the price to keep them solvent. The chickens will come home to roost someday and the longer we put off the pain to fix them the tougher the medicine will be to swallow.

    Pazbuc, Americans can't have it both ways and thus the problem. I agree, there needs to be entitlement reform.

    That said, I just cant get my head around why the GOP has been dicking around with no tax increases like it's a sacred covenant. We need both!! Cuts in Government spending and higher taxes on upper income citizens. Isnt it an income tax?

    Buckrock

  • AlphaBuckeye06 said...

    How about you shut the fuck up if you don't add anything?

    Anyways BW,

    I think we need to raise taxes up to 44% on those making $400,000 or more. Next up, time to cut the military stuff. Hell I don't think we need a base in every dam country any more. We are paying something like 800 billion on military bases.

    Then I think we we can close some loop holes and maybe legalize marijuana. Would reduce cost of enforcement and increase tax revenues.

    Hmmm, no, how about you shut the F up. See, you are not the only one clever repartee s. I know you are peeved because I cannot help but laugh at the silly things you say such as implying legalizing marijuana can make a dent in the deficit.

    Why 44%?? what is magical about that? Nothing other than you will never see that bracket and therefore you do not care. Take 44% throw in state and city taxes, sales tax and the individual is well over 55% in a state like California.

    Eeergh, uh, now you shut the F up. You are no much for my quick wit.

    dumbname

  • Buckrock said...

    Pazbuc, Americans can't have it both ways and thus the problem. I agree, there needs to be entitlement reform.

    That said, I just cant get my head around why the GOP has been dicking around with no tax increases like it's a sacred covenant. We need both!! Cuts in Government spending and higher taxes on upper income citizens. Isnt it an income tax?

    Agreed that tax increases are inevitable because the rich need to be punished because success is a crime. At the moment, the GOP is holding tight as the Dems have offered no solid spending cuts. They both need to give.

    dumbname

  • dumbname said...

    Agreed that tax increases are inevitable because the rich need to be punished because success is a crime. At the moment, the GOP is holding tight as the Dems have offered no solid spending cuts. They both need to give.

    The GOP cant control their party. Watch the House of Representatives. Boehner cant even pass plan B! or C,D,E,F,G you get the idea.

    Buckrock

  • sryan2 said...

    Good to see Dave conclude his year on the same note even after his candidate's "victory"... Bitter, angry, and resentful. Sadly 2013 will bring more of the same for you. No amount of tax increase and corresponding "redistribution of wealth" will ever satisfy your perceived persecution It must really torque you that taxes are only going to get raised on families making more than $450K and individuals earning >$400K (So much retribution lost... A pity).

    You are truly a victim, but not because other people have made you such... You are one because you feel sorry for yourself and take no accountability for your own decisions, actions, and position in life. You hide behind race and do more to spread hatred and divisiveness than the significant majority of those you attack and blame for your problems. People such as yourself solve nothing, produce little but more obligation and liability for others, and generally make our country a weaker nation. That's okay though as long as you do so in a "progressive" way.

    Keep blaming those dreaded "cons" for just not spending enough money we don't have to fund your leftist grand designs. Wallow in the ignorance that increasing taxes could remotely pay for what is already in place let alone what you wish to expand. Meanwhile, those of us paying your ticket will continue to do so while you lament why there isn't more. The fallacy of your arguments will be exposed with our debts and deficits continuing to grow at unsustainable levels without the significant budget cuts which must occur for any legitimate and meaningful reform.

    Happy New Year Dave... I have complete faith you will keep rallying people to the conservative cause in 2013.

    And a Happy New Year to you sryan. One of my resolutions for 2013 was to try and not show the vitriol on Boards like this because, in truth, I am really not that type of person. And thank you for your analyzation of me, I will take it to heart and certainly try to do better. As to your ideas on the economy I believe a person should work if he was to receive some type of welfare. That is the fair way to do things. And though we may differ politically on some things I believe we certainly can be friends away from the political world. Don't you agree with me? Finally as far as me sending people to the Other side, I really don't have any power to do that, God is the force that can do those types of things, certainly not a mere mortal as me. Once again,Happy New Year to you and your family!

    dave1954

  • sryan2 said...

    Good to see Dave conclude his year on the same note even after his candidate's "victory"... Bitter, angry, and resentful. Sadly 2013 will bring more of the same for you. No amount of tax increase and corresponding "redistribution of wealth" will ever satisfy your perceived persecution It must really torque you that taxes are only going to get raised on families making more than $450K and individuals earning >$400K (So much retribution lost... A pity).

    You are truly a victim, but not because other people have made you such... You are one because you feel sorry for yourself and take no accountability for your own decisions, actions, and position in life. You hide behind race and do more to spread hatred and divisiveness than the significant majority of those you attack and blame for your problems. People such as yourself solve nothing, produce little but more obligation and liability for others, and generally make our country a weaker nation. That's okay though as long as you do so in a "progressive" way.

    Keep blaming those dreaded "cons" for just not spending enough money we don't have to fund your leftist grand designs. Wallow in the ignorance that increasing taxes could remotely pay for what is already in place let alone what you wish to expand. Meanwhile, those of us paying your ticket will continue to do so while you lament why there isn't more. The fallacy of your arguments will be exposed with our debts and deficits continuing to grow at unsustainable levels without the significant budget cuts which must occur for any legitimate and meaningful reform.

    Happy New Year Dave... I have complete faith you will keep rallying people to the conservative cause in 2013.

    A lot of bad mouthing to start the new year. Once again your own words reveal you to be as bitter, angry, and resentful and feel yourself a victim as you accuse gave as being.

    Your elitist claptrap that implies you are such a better human being because, in your own pitiful little mind, you think that what you have done in life is so much more than most others have accomplished is not only boring and ignorant, it is dangerous to the country.

    The reason our country is in such poor economic shape is due to people like you who have not only reached the zenith of a deadly combination of arrogance and greed but have added to those the wonderful characteristics of stingy and elitism. Those in the top few percent have effectively held down wages and destroyed unions (the only hope for workers to effectively lobby for decent money, working conditions, and benefits) through their buying of the the law makers and the manipulation of most economic factors. It is not coincidence that we have higher than normal unemployment and a stagnation of wages and benefit packages for the bottom 80% while those making it on your sole criteria of monetary success now have created the greatest wealth and income disparity in our country's history. CEOs and other top management types like yourself are making record multiples of the common workers who most of you look down upon.

    Save the claims about my envy, jealousy, etc. Making more in retirement than 85% of workers is good enough me.

    Though often asked, God does not take sides in politics or college football.

    TimMcM

  • Tax hikes... My Swedish wife was reading the Swedish paper about "ONLY 39%" tax for the "rich" in the new Fiscal Cliff deal. This led to a conversation of taxing (great foreplay guys).

    We are not rich. We are currently comfortable. The more money we have, the more money we spend. We spent money last night and "paid our share" and supported the economy.

    We dined last night at one of the our favorite places. We have been frequenting the place for years. I see the same waitresses year after year after year. If we were taxed more, I would not have the disposable income to splurge on a special New Years Eve dinner.

    Last night we helped keep a small business open. We paid our share. We helped keep the company in business. Which means more chefs, more waitresses, more deliveries, etc.

    Leave the money in my hands and I will spend it and will help the economy and help the unemployment and help to create a larger tax base!!!!! Some are probably calling me Captain Obvious.

    P.S. For those who are curious, here's the menu. Awesome dinner last night. A moment from the movie Risky Business. "Sometimes you have to say.... WTF "

    This post was edited by AtlantaBuck on 1/1/2013 at 6:41 AM

    View

    http://www.musthavemenus.com/menu/viewMenu.do?token=9749a26ced0b41a8fa0f2eeaa2a83b84

    www.musthavemenus.com

    AtlantaBuck

  • Buckrock said...

    The GOP cant control their party. Watch the House of Representatives. Boehner cant even pass plan B! or C,D,E,F,G you get the idea.

    It is a difference between how the two parties operate. The GOP has everyone voicing their desire. The Dem congressman vote top down. Pelosi tells them how to vote and they do it. The makes them diverse in opinion. IMO

    dumbname