I'm for a Tax Cut for All

[Freeper]

louis c Donating Member (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list    Fri Dec-03-10 06:34 AM
Original message
I'm for a Tax Cut for All
   
Edited on Fri Dec-03-10 06:36 AM by louis c
That's the Democratic plan.

Let the tax cuts for all Americans who earn $250,000 and less remain on a continuing (if not permanent) basis, and let those tax cuts for those individuals making above $250,000 expire. Thus, everyone gets a tax cut on their first $250,000.

If someone is making $500,000, that's an increase of 3% on the second $250,000, not on the whole thing. That amounts to about $7,500 on a half million. By the way, that's not an increase, just the removal of a 10 year tax cut for earnings above $250,000. They get to keep the tax cut, just like everyone else, on everything earned below $250,000.

When arguing our position, we have to drive home that every American keeps the tax cut on his or her first $250,000, regardless of how much above that they make.

The Democratic plan is still a tax cut for all.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x9679276

Damn they are stooooooooooopid. 

rfranklin Donating Member (1000+ posts)  Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list    Fri Dec-03-10 06:50 AM
Response to Original message
1. That already is the plan...
   
There is a graphic that's been posted which show that everyone gets a tax break under the Democratic plan. But instead of getting tens of thousands, the 250K people get about $6500.

What most people don't realize is that those top earners only get taxed more on the amount of income above $250,000 and only at about 3% more than under the "Bush tax breaks."

Well hey if it's only 3% that doesn't sound like much. In fact how about we just tack on another 3% in taxes to all DUmmies since it's so insignificant.

Correct me if I'm wrong if your tax rate is 35% that 35% applies to all your taxable income not just your income over whatever amount Dems happen to think is stinking rich at the moment.

[Randy]

Ditch the IRS completely along with the income tax system. Take that 3% the DUmmies love and add it as a federal sales tax with NO raises without a Constitutional amendment, a flat 3% forever on everything sold.