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It appears i voted for the wrong guy!!
Given that 1.5% of the population makes 250,000 or more, that will have to be a lot of taxes on the rich to make up for the bottom 98.5% tax reductions. This will never work...
We are all for a bigger surprise. Time to see it unfold as many probably never understood. The Big Picture is going to get ugly... sad to say. Wait for it.
Can you explain the picture?
This post was edited by spartanMF 20 months ago
The math doesn't work...the most the goverment can expect in additional tax revenue by increasing those who make $250K+ is $40B. There is currently a $1T+ shortfall. It just doesn't make sense.
This post was edited by CheesySpartan 20 months ago
"love unconditionally". Princess Lacey
Not if dey takes all da monies Robin hoodz style
Innumeracy is proving to be a bigger problem that illiteracy ever was.
The typical American voter truly doesn't understand the vast difference between a million, a billion or a trillion. They just know it's a big number. There is no anxiety or fear.
It is your patriotic duty to pay higher taxes!
Crazy Joe Biden
Maybe for you!
And is anyone else making money on the stock market today? RGR - so predictable! Cha ching! Thank you Mr. Obama.
When in doubt: Blame the baby boomers.
agreed...but what's your point?
sarcasm? Markets are down 2-3% so far today
Who the heck downvoted this? Its a frickin FACT
RGR up in a down market cuz Obama is a solcialist
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No one has ever explained to me how raising tax rates (income, I am assuming you are referring to) on the upper 10%, 1%, 0.1% or 0.01% will do anything about wealth concentration.
No sarcasm. Just profit. Pure, predictable profit. God bless America.
I like this response.
That a slim majority of voters who don't know, or don't care about the ramifications of unsustainable programs, and expect those entitlements to not only continue but expand. These programs are not expanding the middle class, they are killing it. The Fed dumping billions of free money into market is not a sustainable measure either, and it obviously isn't a solution, just a way to delay meaningful action.
We are heading for a fiscal catastrophe, and the people voting benefits for themselves will feel the pain more than anyone else.
That would be me. This is no place to be spouting off "facts". No room for that on this board or tRCMB.
There are more factors at play then JUST a tax on the rich I'm sure. I'm no accountant but I'm sure there is more to it. Sure, that tax alone won't make up for the 1 trillion shortfall.
Please put all factors of the US Gov't Obama budget in the form of an infographic so that we can all understand (with sources).
Thanks in advance.
First one is the "source" (I heard 40B this morning but this claims 67B with a debt of 1.3T)
Second one is all infographic charts with explanations...please review throughly before responding.
Enjoy! and you are welcome
This post has been edited 3 times, most recently by CheesySpartan 20 months ago
And it still hasn't..........
They'll get on the internet and pump their fist.
Take away, or reduce "handouts" and you will see a hell of a lot more than fear.
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