Wed Nov 7, 2012, 04:40 PM
flpoljunkie (26,176 posts)
Boehner: Don't whine about the debt when you refuse to raise taxes one dime on the top 2%
And, stop with the lies about the 'small business' job creators that will be hurt by Obama's tax plan!
5 replies, 1141 views
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Boehner: Don't whine about the debt when you refuse to raise taxes one dime on the top 2% (Original post)
|Angry Dragon||Nov 2012||#2|
|Filibuster Harry||Nov 2012||#5|
Response to flpoljunkie (Original post)
Wed Nov 7, 2012, 05:03 PM
Filibuster Harry (664 posts)
5. Ditto ... need to raise revenue
Reduction of taxes to the wealthy did not create jobs. That tax reduction passed under President Bush was the start of this downfall. A true leader would have repealed that after we were attacked and went to war. Surely the american people would understand that. No tax cuts in order to pay for the war. But no. And that tax cut is still in effect.
Here are 4 different years and its tax on a married couple filing jointly with $ 70,000.- of taxable income:
-- In 2011 tax = $ 9,756.-
-- In 2009 tax = $ 9,875.-
-- In 1995 tax = $ 14,530.-
-- In 1988 tax = $ 15,733.-
It is not necessarily the tax rates as it is the 15% capital gain /dividend tax. Correct it the following way:
-- no increase in tax rates; dividends taxed at regular rates; raise the capital gain rate to 25%; and finally
correct that speculation or whatever it is that is taxed at 15% and tax it at regular rates.