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View Diary: The False Promise of Tax Cuts to the Wealthy (30 comments)

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  •  Pres Obama supports the continuation (0+ / 0-)

    of 85% of the tax cut.

    I have not seen any major Democrat in congress who is not calling for the continuation of 85% of the Tax cut (the portion that goes to households with incomes under $250,000).

    Where are the leading Elected Democrats who want to end the tax cut for all?

    The most important way to protect the environment is not to have more than one child.

    by nextstep on Wed May 23, 2012 at 09:43:45 AM PDT

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    •  Eighty-five percent? (0+ / 0-)

      Not factual.

      Nope.

      Not even close.

      And, although Obama said he'd prefer to keep the cuts for the under 250k crowd, he's willing to let them ALL expire at the end of the year.

      You keep on trollin'. I guess you can't help yourself.

      "What have you done for me, lately?" ~ Lady Liberty

      by ozsea1 on Wed May 23, 2012 at 09:56:00 AM PDT

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      •  Your reply is 3 links none relevant. A BS reply (0+ / 0-)

        Here is a link from an article citing a Joint Committee on Taxation report

        Bush tax cuts: $544.3 billion. The package would extend the Bush tax cuts for everyone for two years.

        The bulk of that cost -- $463 billion -- is for the extension of cuts for families making less than $250,000, including two years of relief for 2010 and 2011 for the middle class from the Alternative Minimum Tax.

        The rest -- $81.5 billion -- is attributable to the extension of cuts that apply to the highest income families.

        http://money.cnn.com/...

        Simple Math  $463 billion/$544.3 billion = 85.02%

        You are just a BSer calling those with facts trolls.  People like you just give Republicans support when they assert Democrats don't understand the economy.

        The most important way to protect the environment is not to have more than one child.

        by nextstep on Wed May 23, 2012 at 12:16:26 PM PDT

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        •  asdf (0+ / 0-)

          I read your link. CNN? And your percentages are based on a three-year aggregate. Apples and oranges.

          Here's another link. I'll save you the reading, since you obviously didn't check any of mine:

          On the other hand, the richest five percent of taxpayers would receive 47.2 percent of the tax cuts, and the richest one percent alone would receive 31.3 percent of the tax cuts.
          Done with you. Thanks for trolling.

          "What have you done for me, lately?" ~ Lady Liberty

          by ozsea1 on Wed May 23, 2012 at 02:50:35 PM PDT

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          •  Your data is from an advocacy group CTJ (0+ / 0-)

            while my link has its data from the Joint Committee on Taxation. The goal of CTJ is advocacy not accuracy.   In addition, the CTJ does not take into account the impact of AMT in reducing the tax cut for higher incomes.

            Your math is also off in that richest 5% of taxpayers is not the same as households with incomes over $250,000.  This is especially the case when statistical games are used when the term taxpayers is used instead of tax filers - a much larger population.

            You are the worst type of troll, whether intentional or not you work at spreading misinformation - making honest Democrats that accept and repeat your misinformation look as stubornly ignorant as you do.

            The most important way to protect the environment is not to have more than one child.

            by nextstep on Wed May 23, 2012 at 03:14:01 PM PDT

            [ Parent ]

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