Skip to main content

View Diary: Tax Test: Checking the Republicans Math. (17 comments)

Comment Preferences

  •  I don't think they are saying (2+ / 0-)
    Recommended by:
    Lujane, nextstep

    Obama HAD raised taxes.  (Well, maybe a few crazies are, but the vast majority are not.)  Instead, if you listen, they are saying that Obama WILL raise taxes as soon as the economy recovers.  And, because everybody recognizes that the level of deficits as projected over the next several years are unsustainable, it's a pretty sure bet that there will either be very painful spending cuts, very signficant tax increases across the board, or both.  Remember, those projections of unsustainable deficits already figure in repeal of the Bush tax cuts for those making over $250,000, and already figure in growth to the tune of 4% a year starting in 2011 (which is pretty much a fantasy).  

    So, it is pretty clear that, unless Obama and Congress are willing to consider serious, serious spending cuts in defense and entitlements, there is almost certainly going to be a significant tax increase across the board.  Do the math there.  There aren't enough households over $250,000 even if you wanted to raise income taxes at that level to 60% (instead of the increase already factored in), which, in and of itself, would be unprecedented.  (Remember, the Eisenhower rates were on incomes that in today's dollars would be like $2.2 million.)  

    •  The problem is... (4+ / 0-)
      Recommended by:
      Lujane, Amber6541, ItsSimpleSimon, cwsmoke

      that the republicans DO say that he IS raising taxes. They DID and DO say that the stim would increase taxes. Not just that he "will" but "has" is the inferred critique. Remember the "Boutique Tax Cut" quip from Mike Pence?

      My point here is that individuals who don't know what the heck they are talking about when they accuse Obama of "taxing them to death", could see the light if they just took this little test.

      Faith alone will not save you... Blind faith least of all.

      by The Blue State Bandit on Sun Feb 07, 2010 at 01:07:47 PM PST

      [ Parent ]

      •  Kind of a weak argument (0+ / 0-)

        it seems like you are acknowledging what I pointed out -- that clearly, clearly, he will have  to raise taxes signficiantly baseon his own projected deficits -- but simply saying that they can't complain because he hasn't done it yet?

        Depending on what they mean by "taxing them to death," the people who talk about that can't be said to "not know what they are talking about."  If across-the-board income tax increases -- which pretty clearly are going to have to happen -- equals "taxing them to death," then they do have a point about raising taxes.  Tax increases on just about everybody will have to happen as soon as there is an upturn in the economy, and maybe before.

        And, as another poster pointed out, the amount of a refund has nothing whatsover to do with how much you are taxed.  It has to do with how much you have withheld.  

        •  Now your just talking circles around me. (0+ / 0-)

          It's not that complicated. If you worked for the same  company in '08 and '09 that withholds the same percentage as per your request, if you still have the same dependents, no matter if your hours were cut, you were laid off, and got unemployment, got another job (filling out your W-2 form the same as last job), or what ever, you just do your '09 taxes using the '08 forms and instructions, then compare it to your real '09 tax return, you will have a decent barometer of what has been done with the tax code under Obama.

          Basically, this will reflect the tax decreases given to you by the Obama administration and a Democratic majority.

          This is a tool to let people figure it out for them selves.

          Don't over-complicate what this is about.

          Faith alone will not save you... Blind faith least of all.

          by The Blue State Bandit on Sun Feb 07, 2010 at 01:33:51 PM PST

          [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site