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Expiring Tax Zots: Big Business
Joe the Voter ^ | Nov 10, 2010 | Joe the Voter

Posted on 11/10/2010 3:20:26 PM PST by joethevoter

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To: Leisler

“those huge deficit busting cuts again”

Under those tax cuts the Federal revenue, in dollar terms and as a % of total income tax revenue and as a % of GDP, in the highest tax brackets rose.

In shear economic terms, they did not produce a rise in the deficit.

The problem was not on the revenue side. The problem was that even though revenue increased, spending increased by an even greater degree.


51 posted on 11/10/2010 4:13:12 PM PST by Wuli
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To: joethevoter

IATZ


52 posted on 11/10/2010 4:15:03 PM PST by DeoVindiceSicSemperTyrannis (Want to make $$$? It's Easy! Use FR to Pimp Your Blog!)
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To: Leisler

Shove it up your .... Well you are all Azz so there probably isn’t a logical starting point.

ZOT

Devil Worshipin’, Satanic Inspired, Communist!


53 posted on 11/10/2010 4:16:20 PM PST by Vendome (Don't take life so seriously... You'll never live through it.)
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To: jdsteel

Maybe joe can tell us what the gubmint means by “middle class”. I read, analyze and listen to what the MSM, gubmint and academics say, and all I can make out is the middle class is those who make less than $30,000 so those people make no tax payment at all if they are a family of four.


54 posted on 11/10/2010 4:18:03 PM PST by Safetgiver (I'd rather die under a free American sky than live under a Socialist regime.)
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To: 50mm; joethevoter
 

55 posted on 11/10/2010 4:19:17 PM PST by Vendome (Don't take life so seriously... You'll never live through it.)
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To: joethevoter

“Those extra cuts are ONLY for those making more than a quarter million a year.”

One of the largest groups of individuals in that category are single-owner small business people who, in site of being a business have business income low enough that they can file their income as an “individual”.

That amount, the income, may be $250,000 or even more, but it is not their “wages”, it is the revenue from the business, often out of which they have not only paid general costs but even employees as well.

They, as a group, are one of the biggest beneficiaries of those cuts, and while the big corporations have the largest level of ongoing, year-to-year employees, it is small businesses that generate the largest level of new hires.


56 posted on 11/10/2010 4:20:50 PM PST by Wuli
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To: joethevoter
 

57 posted on 11/10/2010 4:21:04 PM PST by Vendome (Don't take life so seriously... You'll never live through it.)
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To: joethevoter

You are so stupid you have created your own black hole. Not even light can escape your stupidity.


58 posted on 11/10/2010 4:21:53 PM PST by PA Engineer (Liberate America from the occupation media. There are Wars and Rumors of War.)
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To: Admin Moderator

What?!

I just got here and the party is over?

(hangs head, shuffles feet)


59 posted on 11/10/2010 4:22:21 PM PST by Vendome (Don't take life so seriously... You'll never live through it.)
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To: joethevoter

“These cuts were designed by the Republicans to expire to avoid blowing a hole in our deficit of about $700 billion dollars. It was THEIR IDEA that they should and MUST expire in 2010 because they knew we could not afford them.”

How wrong you are. Congressional politics, deal making, bartering and “bi-partisan” appeals that RINOS accepted from the Dims, left the expiration of the cuts in, for political reasons and political reasons alone.


60 posted on 11/10/2010 4:24:25 PM PST by Wuli
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To: Fiddlstix

Are you the original poster of this? LOL

I have been using it and various parts for the last year and I forgot who the original poster was.

Thanks.


61 posted on 11/10/2010 4:24:58 PM PST by Vendome (Don't take life so seriously... You'll never live through it.)
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To: darkwing104; 50mm

IATZ!


62 posted on 11/10/2010 4:25:47 PM PST by darkangel82 (I don't have a superiority complex, I'm just better than you.)
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To: glock rocks; sionnsar; All

Thanks, Glock!

http://www.freerepublic.com/focus/bloggers/2613355/posts?page=791#791

If you want to be added to the Undead Thread ping list, FReepmail sionnsar or Monkey Face.

We move once a month, and are always looking for a new troll to pave. This is a VERY low ping list ~~ normally, twice a month ~~ when we move at the first of the month and mid-month, as a reminder.

We took the original ZOT! thread (jj_fate will live forever!) and went to the end of the Internet...

WE, however, continued in the Flying Castle...because we CAN! Join us!


63 posted on 11/10/2010 4:28:47 PM PST by Monkey Face (Atheism is a non-prophet organization.)
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To: Vendome
FReeper Firehat posted it originally. Way back many moons ago.
FReeper b4its2late added the last part later.
Go Ahead: Click It!
64 posted on 11/10/2010 4:33:15 PM PST by Fiddlstix (Warning! This Is A Subliminal Tagline! Read it at your own risk!(Presented by TagLines R US))
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To: joethevoter

You’re out of place here, Friend. You surely don’t understand how taxes work. It is the duty of each and every American citizen to keep their tax liability as low as possible. It is the only way to curtail the ambitions of a Federal Government hell bent on full bore ‘central planning’. The only thing stopping them is their inability to pay for their programs. It is the power we exercise. Even if the Fed raises rates, the historic level of revenue is roughly 19% GDP because that action causes us to change our behavior.

The supreme court has said “the legal right of a taxpayer to decrease the amount of what otherwise would be his taxes, or altogether avoid them, by means which the law permits, cannot be doubted. (U.S. Supreme Court Justice Sutherland, Gregory vs. Helvering, 293 U.S. 465, 1965.

“Anyone may arrange his affairs so that his taxes shall be as low as
possible; he is not bound to choose that pattern which best pays the
treasury. There is not even a patriotic duty to increase one’s taxes.
Over and over again the Courts have said that there is nothing sinister
in so arranging affairs as to keep taxes as low as possible. Everyone
does it, rich and poor alike and all do right, for nobody owes any
public duty to pay more than the law demands.”
Source: in the case of Gregory v. Helvering 69 F.2d 809, 810 (2d Cir. 1934), aff’d, 293 U.S. 465, 55 S.Ct. 266, 79 L.Ed. 596 (1935)

If you want to address income ‘inequality’ go after the monetary policy of the Federal Reserve. Their action only helps the quick and the rich. (like now)

Inflation is the cruelest tax of all.

“But I take no comfort, and see considerable risk, in conducting monetary policy that has the consequence of transferring income from the poor and the worker and the saver to the rich. Senior citizens and others who saved and played by the rules are earning nothing on their savings, while big debtors and too-big-to-fail oligopoly banks benefit from their subsidy.”

Richard W Fisher Dallas Fed.
http://dallasfed.org/news/speeches/fisher/2010/fs101108.cfm


65 posted on 11/10/2010 4:34:17 PM PST by griswold3 (Employment is off-shored, away from govt. regulations, price pressure groups, and liabilities.)
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To: Fiddlstix

Thanks!


66 posted on 11/10/2010 4:34:38 PM PST by Vendome (Don't take life so seriously... You'll never live through it.)
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To: joethevoter

http://www.youtube.com/watch?v=14xq7cxOt04

May the feral attack zombie deer visit you next.


67 posted on 11/10/2010 4:34:38 PM PST by Darksheare (I shook hands with Sheryl Crow and all I got was Typhus and a single sheet of toilet paper.)
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To: Leisler

“That is what wiped out the Clinton surplus Bush inherited. That and two wars.”

The so-called “Clinton surplus” was NEVER the Clinton surplus.

That surplus was the result of tax and spending changes the post-1994-election Congress FORCED into the budgets. In the final stage of that force, parts of the Federal apparatus in Washington were left unfunded and temporarily shut down, with only temporary funding for other operations passed until Clinton agreed to the changes - the changes the GOP in Congress forced on him, the changes that resulted in the so-called “Clinton surplus”.


68 posted on 11/10/2010 4:36:58 PM PST by Wuli
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To: Vendome; All
Firehat is a very interesting FReeper.
He has a very nice website too

http://www.firehat.com/

69 posted on 11/10/2010 4:40:58 PM PST by Fiddlstix (Warning! This Is A Subliminal Tagline! Read it at your own risk!(Presented by TagLines R US))
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To: joethevoter

Stupid is as stupid does, and yinz is stupid.

70 posted on 11/10/2010 4:42:54 PM PST by MarineBrat (Better dead than red!)
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To: Fiddlstix
You're a 1-bit brain with a parity error

Now that's funny.

Signed, Controls Engineer

71 posted on 11/10/2010 4:45:38 PM PST by Hoodat ( .For the weapons of our warfare are mighty in God for pulling down strongholds.d)
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To: darkwing104
Dang it!! DW, why can't we bat these suckers around before killing them off??? Pfffftttt!!! I always miss out on the fun.
72 posted on 11/10/2010 4:46:48 PM PST by Outlaw Woman (No Compromise!)
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To: joethevoter

“When Bloomberg magazine polled wealthy investors only 24% considered investing in America while the rest cited China, India and Brazil. When the rich get extra cash ( tax cuts ) they invest it. They will take the cut and send that money to China, India and Brazil.”

“Wealthy investors” represent a class of investors, and not the bulk of domestic capital investment in the U.S. which comes from the investment of institutions - pension funds, insurance companies, mutual funds and the like.

They, wealthy individual investors, also take bigger risks than institutional investors, since it is their money they are risking, they can afford to; and emerging markets that are growing rapidly have more opportunities to take higher risks - for higher returns; which comes back to their accounts, which adds to their taxable income - here in the U.S. Big deal.


73 posted on 11/10/2010 4:46:51 PM PST by Wuli
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To: Hoodat
Yep it is. LOL
For the folks who "talk tech" it's an attention getter.
74 posted on 11/10/2010 4:48:56 PM PST by Fiddlstix (Warning! This Is A Subliminal Tagline! Read it at your own risk!(Presented by TagLines R US))
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To: Vendome

LOL! May he reign!


75 posted on 11/10/2010 4:50:45 PM PST by Monkey Face (Atheism is a non-prophet organization.)
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To: Darksheare; Harmless Teddy Bear; Dead Corpse; NicknamedBob; Tax-chick; fanfan; sionnsar; All

You didn’t tell us about the feral attack zombie deer...how do they interact with the Dustbunnies, Zombies and Dwarves? Are they in the Lower Levels?

Do we need a “special place” for them? Will they obey your commands? Or do we need to place a basilisk in charge of them?

Answer on the UT. I’m sure I’m not the only denizen who is concerned. What will they do to the kudzu?


76 posted on 11/10/2010 4:58:14 PM PST by Monkey Face (Atheism is a non-prophet organization.)
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To: joethevoter; Monkey Face
Here, I'll fix it for you joe.

Those jobs are never coming home. if the corporations and their congressional stooges get their way .

77 posted on 11/10/2010 5:02:00 PM PST by fanfan (Why did they bury Barry's past?)
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To: stockpirate
Hey Joe, does yo’ mama know you are up late?

Public schools closed tomorrow for Veteran's Day, he gets to stay up late.

78 posted on 11/10/2010 5:02:55 PM PST by Graybeard58
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To: paulycy

Can I use/stealz ur piture???

79 posted on 11/10/2010 5:05:59 PM PST by Outlaw Woman (No Compromise!)
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To: fanfan

*snort*


80 posted on 11/10/2010 5:09:02 PM PST by Monkey Face (Atheism is a non-prophet organization.)
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To: joethevoter

“To top that off these same wealthy corporate owners closed about 40,000 US factories and sent them over seas between 2001 and 2008. They did use those cuts to create new jobs...for Chinese and Indian workers.”

There is no direct economic or financial correlation between the tax cuts under GWBush and the growth of overseas production or operations facilities for U.S. companies.

That growth has more to do with global trends that differ from one industry to the next, more than any specific tax cuts, and the level of that kind of change varies as well between the industries most involved.

One of the biggest global-wide trends that have been part of the reduction in manufacturing jobs, GLOBALLY, is the huge additions of computer technology and robotics to manufacturing. The impact of that change has been bigger in some places outside the U.S. than in the U.S. In spite of how much foreigners have set up manufacturing sites in China, “modernization” has resulted in a bigger drop in the number of workers and as a % of the workforce, in manufacturing, in China in the last 20 years than it has in the U.S. Why? They had a large amount of “catch up” to do and its actually still going on (huge useless, wasteful, old factories required to keep operating).

Lastly, foreign companies investing in the U.S. as well as the many building their own operations in the U.S. (just think automobiles for instance) have ADDED as many jobs here as U.S. jobs transferred or “outsourced” overseas.

Its a global marketplace.


81 posted on 11/10/2010 5:10:09 PM PST by Wuli
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To: Wuli
"Its a global marketplace."

I know. I grabbed a shopping cart the other day, and it was too big to push.

82 posted on 11/10/2010 5:14:09 PM PST by NicknamedBob (Maybe I can become a were-spork-weasel. It is good to have aspirations. Essential, actually.)
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To: Outlaw Woman
Can I use/stealz ur piture???

Yep. Any picture I post you can use or abuse in any way you wish. ;0)

83 posted on 11/10/2010 5:15:53 PM PST by paulycy (Demand Constitutionality. Save America From Bankruptcy.)
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To: joethevoter
But then the increase stopped. The economy continued to grow handsomely after 1980, but the financial rewards started going only to people at the top. On the chart plotting income growth, the income "growth" line flattens for the bottom 90% of Americans after 1980. For them, average income went up, barely, from that $30,941 achieved in 1980 to only $31,244 in 2008, almost 30 years later. Think about that: the average income of Americans increased just $303 dollars in 28 years and the vast majority of that increase went to the top 10%.

Many economic facts are missing from that story line.

The problem with the "income" figures is that they (1)do not represent TOTAL compensation and (2)leave out the benefits (welfare, food stamps, medicaid and income in the form of tax "refunds") received by the lower income sectors.

The "stagnation" in "wage growth" was NOT stagnation in total compensation as it occurred at the same time while compensation in form of health insurance benefits was skyrocketing, with some of that having been forced on the national statistics by Liberal-promoted state mandates adding tons of new mandatory coverages, and Liberal supported and promoted increases to state employees non-wage benefits.

When total compensation is considered, there was no stagnation; just a lot more compensation going to benefits.

Notice that while the Liberals were the first to yell how much health insurance costs were going up, and how much wages were not, they were the biggest promoters of policies that contributed to that result.

84 posted on 11/10/2010 5:25:37 PM PST by Wuli
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To: joethevoter

“Americans were fooled again”

So says one of the real fools.


85 posted on 11/10/2010 5:27:14 PM PST by Wuli
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To: paulycy

Thank you


86 posted on 11/10/2010 6:10:17 PM PST by Outlaw Woman (No Compromise!)
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To: joethevoter

I haz a hungeer iz teh zot reedai?


87 posted on 11/10/2010 8:04:09 PM PST by Danae (Anail nathrach, orth' bhais's bethad, do chel denmha)
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To: Monkey Face

Got my vote!


88 posted on 11/10/2010 8:06:06 PM PST by Danae (Anail nathrach, orth' bhais's bethad, do chel denmha)
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To: Monkey Face

Got my vote!


89 posted on 11/10/2010 8:06:11 PM PST by Danae (Anail nathrach, orth' bhais's bethad, do chel denmha)
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To: joethevoter

Keep your day job. You’ll never make it as a troll.


90 posted on 11/10/2010 8:42:26 PM PST by rdl6989 (January 20, 2013- The end of an error.)
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To: joethevoter
All your nukes are belong to us!!!

ZOT!

PWND


91 posted on 11/10/2010 10:21:27 PM PST by Thunder90 (Fighting for truth and the American way... http://citizensfortruthandtheamericanway.blogspot.com/)
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To: joethevoter
Photobucket
92 posted on 11/10/2010 11:57:19 PM PST by mojitojoe (In itÂ’s 1600 years of existence, Islam has 2 main accomplishments, psychotic violence and goat curr)
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To: joethevoter

Yeah, we should tax everyone at a 100% rate for all the money that they have (earn and established) over $250K. Then your buddy Soros would be SOL and your paycheck from him would dry up!


93 posted on 11/11/2010 9:10:21 AM PST by CSM (Keeper of the "Dave Ramsey Fan" ping list. FReepmail me if you want your beeber stuned.)
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To: Vendome

Walken bitch slap ping


94 posted on 11/11/2010 9:39:32 AM PST by Danae (Anail nathrach, orth' bhais's bethad, do chel denmha)
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To: joethevoter

Buh Bye....


95 posted on 11/11/2010 9:53:25 AM PST by stephenjohnbanker
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To: Monkey Face; darkwing104; sionnsar; Darksheare

This is quintessential “ Undead Thread” material ;-)


96 posted on 11/11/2010 9:56:10 AM PST by stephenjohnbanker
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To: Danae

97 posted on 11/11/2010 10:02:30 AM PST by Vendome (Don't take life so seriously... You'll never live through it.)
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To: joethevoter

You know they’ve got Freeze Pops in some pretty awesome tropical flavors now.


98 posted on 11/11/2010 10:04:39 AM PST by Allegra (Pablo is very wily.)
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To: stephenjohnbanker; sionnsar; Danae; Darksheare; Tax-chick

Looks like it to me, too!!


99 posted on 11/11/2010 10:06:58 AM PST by Monkey Face (Atheism is a non-prophet organization.)
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To: Leisler
These cuts were designed by the Republicans to expire to avoid blowing a hole in our deficit of about $700 billion dollars.

The Dems said they would block the tax cuts if they were made permanent. A position that hasn't changed.

100 posted on 11/11/2010 10:23:04 AM PST by <1/1,000,000th%
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