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New tax breaks for those earning $110,000 - $309,000 per year, adding more than $500 bil to the deficit.<br><br><a href="http://www.washingtonpost.com/wp-dyn/articles/A38018-2004May18.html" target="_blank">http://www.washingtonpost.com/wp-dyn...2004May18.html</a>
 

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Who said you can't buy votes? <img alt="" class="inlineimg" src="/img/vbsmilies/smilies/eyesroll.gif" style="border:0px solid;" title="roll">
 

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<table border="0" cellpadding="6" cellspacing="0" width="99%"><tr><td class="alt2" style="border:1px inset;">The House would not only make permanent the $1,000-per-child tax credit enacted as part of the 2001 tax cut but would dramatically increase the income limits for eligibility. Currently,</td>
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<a href="http://www.washingtonpost.com/wp-dyn/articles/A38018-2004May18.html" target="_blank">Family friendly</a><br><br>
Why would you have a problem with giving taxbreaks to families? Families earning less than $10750 do not pay taxes therefore they don't need tax breaks.
 

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<table border="0" cellpadding="6" cellspacing="0" width="99%"><tr><td class="alt2" style="border:1px inset;">Why would you have a problem with giving taxbreaks to families? Families earning less than $10750 do not pay taxes therefore they don't need tax breaks.</td>
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Please remember to say "federal income taxes" rather than taxes. As the vast majority of Americans pay more in payroll taxes than income taxes, the continued perpetuation of the myth that the rich pay more "taxes" hurts more and more people.
 

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"As mind-boggling as expanding Medicare has been, nothing tops my confusion with <b>the rationale for cutting taxes during wartime</b>. I don't remember <b>ever in the history of warfare when we cut taxes</b>. I hope everyone can agree that the first duty of government is to defend the people. As you know, the Department of Defense just asked us for $25 billion. We were told we would not need to provide a supplemental appropriation until next year -- but they asked for it last week. It's fine -- we need to give them what the need to succeed. But look at what we passed that same week -- a $180 billion giveaway to the special interests in the form of a "corporate tax" bill that contained nearly $18 billion energy related provisions and tax breaks for the big oil and gas companies."<br><br>
Any guesses on who said the above recently?
 

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Bingo. That infamous tax 'n' spender: <a href="http://www.ndol.org/print.cfm?contentid=252646" target="_blank">http://www.ndol.org/print.cfm?contentid=252646</a><br><br>
The one successful thing Bush Inc. appears to have done the past couple of years is to get enough folk to drink the Kool-Aid.
 

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Let's also not forget that the giant federal tax cuts have done one thing well: forced the states to pick up the slack. Most states now have serious budget deficits as a result, something that directly impacts the lives of everyone here in terms of education for their children, roads, etc.
 

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<div>Originally Posted by <strong>sleeping queen</strong></div>
<div style="font-style:italic;">Why would you have a problem with giving taxbreaks to families? Families earning less than $10750 do not pay taxes therefore they don't need tax breaks.</div>
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I should hope they wouldn't!<br><br>
But those poor folks pulling down $200k-$300K. It's gotta' be rough being them. Thank goodness they'll be getting some tax relief. <img alt="" class="inlineimg" src="/img/vbsmilies/smilies/eyesroll.gif" style="border:0px solid;" title="roll">
 

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<table border="0" cellpadding="6" cellspacing="0" width="99%"><tr><td class="alt2" style="border:1px inset;">Most states now have serious budget deficits as a result, something that directly impacts the lives of everyone here in terms of education for their children, roads, etc.</td>
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In addition, because most state taxes are even more regressive than federal taxes it shifts the tax burden even further down the income ladder (as state taxes are increased to make up for federal funding cuts).
 

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<div>Originally Posted by <strong>CAmomto1</strong></div>
<div style="font-style:italic;">I should hope they wouldn't!<br><br>
But those poor folks pulling down $200k-$300K. It's gotta' be rough being them. Thank goodness they'll be getting some tax relief. <img alt="" class="inlineimg" src="/img/vbsmilies/smilies/eyesroll.gif" style="border:0px solid;" title="roll"></div>
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One thing that was left out of this article is that people making less than $12,000 qualify for all sorts of state aid, plus many qualify for EIC. So they don't pay out federal income tax, but they do get money back, and they also get help with buying their food, can get subsidized housing, help with paying their utilities.<br><br>
I'm not sure why it's okay to penalize people for working hard, getting an education, and making a very good salary. They already pay a LOT in taxes. Why should they have to pay more? And why shouldn't they get the same exemption that everyone else gets?
 

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Ya know, it sure is funny how the people that claim to be the most patriotic, and that supposedly love the USA so very much, suddenly become tighter than a duck's butt when it comes time to pay their taxes. Patriotism in this country is a mile wide and an inch deep. People say they will do anything for this country, until it comes time to pull out their wallet. Imagine what a sh*t-hole this country would become if no one paid their share of taxes... no one would want to live here. What a joke.
 

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<div>Originally Posted by <strong>Hilary Briss</strong></div>
<div style="font-style:italic;">Ya know, it sure is funny how the people that claim to be the most patriotic, and that supposedly love the USA so very much, suddenly become tighter than a duck's butt when it comes time to pay their taxes. Patriotism in this country is a mile wide and an inch deep. People say they will do anything for this country, until it comes time to pull out their wallet. Imagine what a sh*t-hole this country would become if no one paid their share of taxes... no one would want to live here. What a joke.</div>
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But, Brissy boy, your high income earners rarely pay taxes anyway. They have "accountants" you know, who worm through holes, and who do everything they can to NOT pay taxes.<br><br>
It's only the "rest" who pay taxes.<br><br><img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/orngbiggrin.gif" style="border:0px solid;" title="orange big grin"> major exageration, but we do hear stories of such things...
 

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<table border="0" cellpadding="6" cellspacing="0" width="99%"><tr><td class="alt2" style="border:1px inset;">One thing that was left out of this article is that people making less than $12,000 qualify for all sorts of state aid, plus many qualify for EIC. So they don't pay out federal income tax, but they do get money back, and they also get help with buying their food, can get subsidized housing, help with paying their utilities.</td>
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Good luck *getting* any aid! Subsidized housing has YEARS wait, adults w/out children have basically an impossible time getting aid, etc..<br><br><div style="margin:20px;margin-top:5px;">
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<table border="0" cellpadding="6" cellspacing="0" width="99%"><tr><td class="alt2" style="border:1px inset;">I'm not sure why it's okay to penalize people for working hard, getting an education, and making a very good salary. They already pay a LOT in taxes. Why should they have to pay more? And why shouldn't they get the same exemption that everyone else gets?</td>
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The fact remains, that the extreamly wealthy are NOT the highest taxed citizens in our country. That award goes to the middle/upper-middle class. They do not sacrifice the most to pay their taxes. That award goes to the working poor. Nope, they get rich off the work of those below them. Some don't pay taxes AT ALL. I'm fine w/giving "fair" tax cuts but we certainly can't cut any more tax revenue right now!
 

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<div>Originally Posted by <strong>Momtezuma Tuatara</strong></div>
<div style="font-style:italic;"><img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/thumb.gif" style="border:0px solid;" title="thumbs up"><br><br>
But, Brissy boy, your high income earners rarely pay taxes anyway. They have "accountants" you know, who worm through holes, and who do everything they can to NOT pay taxes.<br><br>
It's only the "rest" who pay taxes.<br><br><img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/orngbiggrin.gif" style="border:0px solid;" title="orange big grin"> major exageration, but we do hear stories of such things...</div>
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I always hear this and I always wonder how people know this is true. The statistic I've seen is that the top 5% of earners pay something like 80% of the taxes. I know that my own parents who make a healthy living paid a TON of taxes last year - and they have a great accountant.<br><br>
Briss, I agree that patriotism generally smacks. But I also think that it's pretty ridiculous to expect one set of people to pay 50% of their income out. Why is that fair? It's not as though they're just being handed that money, not working for it....
 

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<div>Originally Posted by <strong>TiredX2</strong></div>
<div style="font-style:italic;">The fact remains, that the extreamly wealthy are NOT the highest taxed citizens in our country. That award goes to the middle/upper-middle class. They do not sacrifice the most to pay their taxes. That award goes to the working poor.</div>
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They are the highest taxed if you're talking percentages. But ITA that the middle class takes the hardest hit.<br><br><div style="margin:20px;margin-top:5px;">
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<table border="0" cellpadding="6" cellspacing="0" width="99%"><tr><td class="alt2" style="border:1px inset;">Nope, they get rich off the work of those below them. Some don't pay taxes AT ALL. I'm fine w/giving "fair" tax cuts but we certainly can't cut any more tax revenue right now!</td>
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I'd like to see evidence of people not paying taxes at all. I think this is most likely urban legend. (And I'm talking your average family making upwards of 250-300K, not the multi-millionaire, corrupt execs that you read about in the papers). As for the getting rich off the work of those below them - I know that this is true, in some cases. But, honestly, the wealthy people I know work EXTREMELY hard and extremely long hours. They earn their salaries. Maybe they are the exception.... I'm not so sure.
 

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Oh, and your other point, TiredX2 - about not being able to afford more tax cuts right now. That, too, I agree with. I think that the cut should be taken away from everyone. I don't think it should be given to one group and not to another.
 

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I'm sure those accountants earn their money. And save your folks a ton o' dough.<br><br>
That was my profession BC.<br><br>
FAIR, you say? Well, I agree there.<br><br>
Considering that a big part of the tax cut plan involved money other than earned income, it was not fair at all. Most of the poor/lower midd class do not have money to save or invest. So they don't get to partake in that at all. Fair?<br><br><br><br>
And it greatly tilts the tax burden toward the middle class. Warren Buffet even agrees with me <img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/orngbiggrin.gif" style="border:0px solid;" title="orange big grin"><a href="http://www.washingtonpost.com/ac2/wp-dyn/A13113-2003May19?language=printer" target="_blank">Dividend Voodoo</a><br><br><br>
Somehow, 3% income tax seems a bit light now, doesn't it?
 
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