11-07-2012, 05:07
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#1
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Quiet Professional
Join Date: Feb 2005
Location: Fayetteville
Posts: 13,080
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Bush's Tax cuts
Well, I guess it's time for the Republicans to drop opposition to the expiration of Bush's Tax Cut for the "evil rich" - all of it.
No modification - let the whole bill expire.
The EITC will go with it.
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Pete is offline
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11-07-2012, 19:51
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#2
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Quiet Professional
Join Date: Jun 2007
Location: Sneaking back and forth across the Border
Posts: 6,685
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No No NO I do not want more taxes for me NONONONONONO
Oh I am sorry I am not rich at least in my point of view......... but I sure pay a lot.....
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SF_BHT is offline
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11-08-2012, 06:24
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#3
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Guerrilla Chief
Join Date: May 2006
Location: SW Virginia
Posts: 583
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Quote:
Originally Posted by Pete
Well, I guess it's time for the Republicans to drop opposition to the expiration of Bush's Tax Cut for the "evil rich" - all of it.
No modification - let the whole bill expire.
The EITC will go with it.
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The reduction of the EITC, the Child Tax Credit, and elimination of the American Opportunity Tax Credit makes this a lower class / middle class issue...and this is just a few of the changes coming. Did you know that 90,000,000 qualify for the EITC? Our population in 2011 was right at 312,000,000. So, nearly 30% of all Americans will be affected by the "fiscal cliff" right off the bat via reduction of the EITC.
The illusion that this is a tax increase on the rich only will disappear as soon as my EITC clients realize their refund will be much smaller than before.
This tax season and next are gonna be a lot of fun.
__________________
“Critics are men who watch a battle from a high place then come down and shoot the survivors.”—Hemingway.
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bandycpa is offline
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11-08-2012, 10:41
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#4
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Quiet Professional
Join Date: Jan 2006
Location: Nevada
Posts: 125
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I agree Pete. The Bush tax cuts affect all taxpayers. Let the Dems own the results.
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Doc Diego
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Doc Diego is offline
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11-08-2012, 11:27
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#5
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Quiet Professional
Join Date: Dec 2009
Location: Undisclosed Safehouse in South Texas
Posts: 573
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Quote:
Originally Posted by SF_BHT
No No NO I do not want more taxes for me NONONONONONO
Oh I am sorry I am not rich at least in my point of view......... but I sure pay a lot.....
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Who is John Galt? 
__________________
“Whether we come from poverty or wealth; whether we are Afro-American or Irish-American; Christian or Jewish, from big cities or small towns, we are all equal in the eyes of God. … May all of you as Americans never forget your heroic origins, never fail to seek divine guidance, and never lose your natural, God-given optimism. … My fellow Americans … God bless each and every one of you, and God bless this country we love.”
– Ronald Reagan, Aug. 17, 1992
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nousdefions is offline
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11-08-2012, 11:32
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#6
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Area Commander
Join Date: Jan 2011
Location: Western WI
Posts: 6,993
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Quote:
Originally Posted by Doc Diego
I agree Pete. The Bush tax cuts affect all taxpayers. Let the Dems own the results.
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Indeed, that's it. I am now officially shocked & outraged by the tenor of this new establishment.
There will be a "teachable moment" in here somewhere.
Edited to add: It will come initially when I explain to #2 son who's working himself through college and being a great single Dad at the same time. He'll then be in a position to explain to some of his HS cronies how bloody f'n stupid they are.
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"Civil Wars don't start when a few guys hunt down a specific bastard. Civil Wars start when many guys hunt down the nearest bastards."
The coin paid to enforce words on parchment is blood; tyrants will not be stopped with anything less dear. - QP Peregrino
Last edited by Badger52; 11-08-2012 at 19:32.
Reason: edit out redundancy
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Badger52 is offline
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11-08-2012, 11:43
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#7
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Consigliere
Join Date: Jan 2004
Location: Free Pineland (at last)
Posts: 8,837
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Quote:
Originally Posted by nousdefions
Who is John Galt? |
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Roguish Lawyer is offline
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11-08-2012, 12:02
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#8
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Quiet Professional
Join Date: Apr 2008
Location: 18 yrs upstate NY, 30 yrs South Florida, 20 yrs Conch Republic, now chasing G-Kids in NOVA & UK
Posts: 11,901
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Quote:
Originally Posted by bandycpa
The illusion that this is a tax increase on the rich only will disappear as soon as my EITC clients realize their refund will be much smaller than before.
This tax season and next are gonna be a lot of fun.
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But But,, U No barry don't mean to tax the poor & middle class...
I believe this is going to be a whole sale slam at all levels,, UNLESS you're on welfare or waiting for your green card... 
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Go raibh tú leathuair ar Neamh sula mbeadh a fhios ag an diabhal go bhfuil tú marbh
"May you be a half hour in heaven before the devil knows you’re dead"
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JJ_BPK is offline
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11-08-2012, 12:03
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#9
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Quiet Professional
Join Date: Jun 2007
Location: Sneaking back and forth across the Border
Posts: 6,685
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Quote:
Originally Posted by nousdefions
Who is John Galt? |
 
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SF_BHT is offline
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11-08-2012, 12:13
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#10
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Quiet Professional
Join Date: Nov 2011
Location: Location, Location
Posts: 4,076
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Quote:
Originally Posted by nousdefions
Who is John Galt? |
I saw him hereabouts. In fact quite a few of him.
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The two most powerful warriors are patience and time - Leo Tolstoy
It's Never Crowded Along the Extra Mile - Wayne Dyer
WOKE = Willfully Overlooking Known Evil
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MR2 is offline
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11-08-2012, 18:40
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#11
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Area Commander
Join Date: Jan 2004
Location: Midwest
Posts: 7,134
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Quote:
Originally Posted by nousdefions
Who is John Galt? |
Indeed.
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My Heroes wear camouflage.
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Gypsy is offline
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11-08-2012, 18:47
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#12
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Quiet Professional
Join Date: Aug 2009
Location: Japan
Posts: 685
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Here is the CBO's take on what will happen if we just let all the tax cuts expire (they say it will be painful, but a good thing fiscally) or if we don't let them expire (they say we will be Greece in +/- 10 years or so...)
Link to my post in Election Returns 2012 thread
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The worst form of inequality is to try to make unequal things equal. Aristotle
It is not inequality which is the real misfortune, it is dependence. Voltaire
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