Despite what the Tea Party may tell you, the Revolution wasn’t about taxation, but representation. To take away those rights is to almost ensure its eventuality.
Tag Archives: taxes
Sunday, 3/30/14, Public Square
Republicans don’t like new taxes. They like more of same old ones.
(from the link): Red states hate taxes. Red state governors like Rick Perry (R) in Texas and Bobby Jindal (R) in Louisiana love to tell people in other states how low their taxes are. They love to try and lure people from states with higher tax rates to their so-called bastions of personal freedom, where that no good varmint known as “the government” keeps their damn dirty paws off your money. Or so they like to claim. However, thanks to a right-leaning (yes you read that correctly) tax policy think tank’s findings, we now have definitive proof that people like Perry and Jindal rely on nothing more than smoke and mirrors to push their “low tax” narrative, because math is once again not the ally of the Republican.
Filed under The Public Square
Friday, 1/10/14, Public Square
Plus, consider this: ZERO social security taxes are withheld from capital gains earnings. The top 0.1%– about 315,000 individuals out of 315 million– are making about half of all capital gains on the sale of shares or property after 1 year; and these capital gains make up 60% of the income made by the Forbes 400. The capital gains tax is capped at 15 percent, thus, anyone making more than $34,500 a year in wages and salary is taxed at a higher rate than a billionaire is taxed on untold millions in capital gains.
Filed under The Public Square
Friday, 8/5/11, Public Square
Duuuhhhh...Lower taxes equals more revenue!!
Filed under The Public Square
Guess they really, really should have read that study
The Republican National Committee really wanted to stick it to Democratic legislators for that time they totally punted on holding a vote on the future of the Bush-era tax cuts. And so, they armed themselves with a shiny new study from the Tax Foundation that they thought really aided their criticism. “What excuse will the Democrats use now?”
As it happens, the study compared the actual Dem plan with the GOP one. And it found that for a family of four with an income of $40,000, the Dem plan — continuing the low end tax cuts, plus the stimulus measures — would cause a 7.8 percent jump in after-tax income. That jump would only be 6.8 percent under the GOP plan to continue all the Bush tax cuts.
Filed under Economics, Financial Rules & Regulations, Republicans, taxes
The more ‘things’ change, the more they stay the same
Here’s what Moonshadow has to say — “I’m attaching the article I spoke of. I’d like someone that has more knowledge of our political/economic history to comment on it. I can see a lot that sounds just like the tea partiers. Saying that, how did things progress then and wouldn’t the same approach garner a similar outcome? Let me know what you think and turn it over to whoever can speak to this.”
Know who I think can speak to this? YOU!
fnord
Filed under Economics, History, Political Reform
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