Therein lies the heart of the issue.....the left seeking to increase revenue so as not to have address the core problem of an exploding federal bureaucracy. The notion that every prior federal government program has been successful and a prudent investment that is not only worthy of continued funding, but is worthy of a raise is lunacy yet it is the implicit foundation of their position. We do not have a revenue issue, we have a spending issue. Our third-world like deficits and burgeoning debt are not a result of a revenue shortfall, but rather explosive and uncontrolled federal bureaucracy. That giant sucking sound you hear is capital being sucked out of local communities to feed the central government monster. Starve the beast.... It's red herring....to deal with the problem, we need leadership with the skills and experience to do so......at present we are sorely lacking
I hear what you are syaing on that BT but let's take out unavoidable exorbitant new expenses such as those billions upon billions created by the need for a HSA and those costly wars and then see what we have left in fat. Over the top spending is a huge reason I would not and never have been on the side of the far left liberal free spenders. But show me if you know whether or not this administration has knowingly stolen from the US taxpayers to further it's own liberal objectives. I would be interested to review it..
We've been through this as well.....the federal budget deficit since his election has increased by $1.2 TRILLION a 4-fold increase since he took office. Of the $1.2 TRILLION deficit increase, defense spending has only been responsible for about 1/8th of the increase......but of the remaining $1 TRILLION the majority of the increase has indeed been stolen - to use your terms - to further his liberal objectives. Frankly, I think your views epitomize those of the far left liberal free spenders.....but that is just my opinion. Others here may see differently
And what was the specific decrease in revenues that contributed to this deficit increase? Which Obama sponsored programs are most responsible?
You want to have a debate about fair taxes and tax rates that is fine. But this constant blaming of the rich guy as a boogeyman gets old...really old. You can't balance the budget by taxing the wealthy...just look at the numbers. There isn't enough wealth and there's too much spending. There also is the minor problem of the simple fact that if you get tax rates too high and suck too much money out of the economy it gets killed...and it's on life support as it is.
We've been down this road before.....I'm not going to do your homework for you. It's public information, look it up but you won't like what you find.....
I just had a thought relating to what I posted above about the number of $100,000-income people whose taxes paid equals the amount paid by Romney. What if we had a FLAT TAX of 14%? Remember that idea put forth by Herman Cain? Romney's tax of $3,000,000 would be the equivalent of taxes paid by 214 people earning an average of $100,000 per year or 268 people earning an average of $80,000 per year. Does this resonate at all?
:cry: I think Dave just killed the American Dream.... Sid thanks for the definitions earlier Jim and I had that conversation yesterday and this morning watching the Stocks seems no one really understands.... money earned thru Capitol gains as opposed earnings from a job.... We have a few small accounts that we purchase stocks It really erks me to think that we already paid 30% tax's from the pay checks now someone wants me to pay another 30% on an investment that is making me money... double taxes great. when the majority of most Americans dont pay anything to tax;s at all... let alone give large amts to their Churchs or charities.
Just like Warren Buffet I don't "blame" Romney for paying such a low percentage of taxes on income. He follows the law as it is. But we either forever drop this idea of ever increasing revenues by tax increases or we look to get it from those that can most afford it and if that means changing some of those tax laws that Buffet takes issue with then so be it.
Again, Dave...there isn't enough money out there...you could take the top 1% and take 50% of their income...and it wouldn't make a dent in the problem. All these Dems talking about taxing the wealthy never put out the figures on just what kind of a "dent" it would make in our budget hole...but what I've seen is that it wouldn't be much. They need to show me the plan...show me how much they want and what it would do to balance the budget...but they never do that. All they do is push the class envy thing. Mitt Romney is a classic example...hundreds of vultures are now going through hundreds of pages of PRIVATE tax returns...all hoping to find something juicy on a guy who paid all of his taxes and filed all of his political financial disclosure forms according to the law.
Meanwhile, has anyone seen Obama's college transcript? Or is mister transparent hiding it with his real birth certificate?
This just in; The Obamas made $1.2 million during the years 200-2004....and gave a whopping 1% ($10,772) to charity. Their income went up due to books the next two years and they upped it to 5% of their $2.6 million income. Compare those figures to Romneys 13.73% charitable giving in 2010 and 19.14% estimated in 2011. http://nation.foxnews.com/mitt-romney/2012/01/24/whos-greedy-obama-gave-1-charity-romney-gave-15
That is embarrassing.....the chances of it being highlighted on the evening news? Zero.....more embarrassing yet.
Wow dont care about dave cant wait till JOCO comes home to thank him for buying me Apple stock......... Yeah love making money ........ :wink:
This just in too... In the last 20 years, Romney has given more money to charity than ALL the Democrats in Congress combined. That's a wowza when you consider how much money some liberal Democrats have here in California; like Diane Feinstein, Barbara Boxer and Nancy Pelosi, who are among the richest women in the world...
WHO’S GREEDY? Obama Gave 1% to Charity, Romney Gave 15% Home - by BigFurHat - January 25, 2012 - 18:30 America/New_York - 18 Comments Democratic presidential candidate Barack Obama and his wife Michelle gave $10,772 of the $1.2 million they earned from 2000 through 2004 to charities, or less than 1 percent, according to tax returns for those years released today by his campaign. The Obamas increased the amount they gave to charity when their income rose in 2005 and 2006 after the Illinois senator published a bestselling book. The $137,622 they gave over those two years amounted to more than 5 percent of their $2.6 million income. Romney charitable contributions Tax year Taxable income Charitable donations Donations as % of income 2010 $21.7 million $2.98 million 13.73% 2011 (est) $20.9 million $4 million 19.14%