Skip to comments.
A 62% Top Tax Rate? Democrats are Planning to Restore Tax Rates Like Those Under Carter
Wall Street Journal ^
| 05/26/2011
| Stephen Moore
Posted on 05/26/2011 6:35:59 AM PDT by SeekAndFind
click here to read article
Navigation: use the links below to view more comments.
first 1-20, 21-36 next last
To: SeekAndFind
The ‘Rats need to invite Art Laughterer(sic) to ‘splain and predict the future for them, LOL.
2
posted on
05/26/2011 6:37:37 AM PDT
by
Paladin2
To: SeekAndFind
I see two options:
1) We go back to 1978 and have the original lineup of The Clash reunite
2) We have a civil war
(BTW: Joe Strummer is dead.)
3
posted on
05/26/2011 6:39:25 AM PDT
by
ClearCase_guy
(The USSR spent itself into bankruptcy and collapsed -- and aren't we on the same path now?)
To: SeekAndFind
They won’t. Those people are dem voters now.
They’ll hit up the middle class republucans some more, while **talking about** “sticking it to the rich”.
4
posted on
05/26/2011 6:39:25 AM PDT
by
Christian Engineer Mass
(25ish Cambridge MA grad student. Many conservative Christians my age out there? __ Click my name)
To: SeekAndFind
A surtax?
They already have a ‘surtax’.
The AMT.............
5
posted on
05/26/2011 6:39:43 AM PDT
by
Red Badger
(Jesus said there is no marriage in Heaven. That's why they call it Heaven............)
To: SeekAndFind
If Democrats are going to demogogue medicare, etc, why the hell won't the republicans demogogue the income tax issue?
That strategy would have the added advantage of being true.
6
posted on
05/26/2011 6:40:18 AM PDT
by
skeeter
To: ClearCase_guy
Can I get my hair back?.....................
7
posted on
05/26/2011 6:40:34 AM PDT
by
Red Badger
(Jesus said there is no marriage in Heaven. That's why they call it Heaven............)
To: SeekAndFind
With this hanging out there it should inspire more and emplyment and investment.
Just when I the GOP is dead they bring it back.
8
posted on
05/26/2011 6:41:16 AM PDT
by
scooby321
To: SeekAndFind
We will be heading back to 20% Prime rates again like it was under Carter as well. I have a friend who bought a small house, and got a great deal (at that time) on his mortgage at only 16.2%...
9
posted on
05/26/2011 6:45:05 AM PDT
by
Bean Counter
(Your what hurts??)
To: SeekAndFind
Media reports in recent weeks say that Senate Democrats are considering a 3% surtax on income over $1 million to raise federal revenues.Yeah? One smarr probrem, Glasshopper. House Republicans.
10
posted on
05/26/2011 6:46:50 AM PDT
by
Texas Eagle
(If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
To: SeekAndFind
From
the Department of Numbers:
Total US Tax Revenue as a Percentage of GDP
So, no matter the tax rate, tax revenue remains at roughly 15 to 20% of GDP over the last 60 years. After 60 years of empirical evidence, our government should realize that its expenditures should not exceed 20% of GDP.
To: SeekAndFind
12
posted on
05/26/2011 6:48:09 AM PDT
by
C. Edmund Wright
(American Thinker Columnist / Rush ghost contributor)
To: SeekAndFind
Since they voted for him and 80% of Wall street cash went to Obama. I would say they deserve to pay it. Obviously lib rich deserves to pay. But since what is left of Conservative money wont pay for media I think they deserve it as well.
But, on the other hand when those rates go up their will be attempts for loopholes and the Dems will stand there with their hands out to allow the GOP to let them go through. If that happens I will oppose it until their campaign contributions and the lack of propensity for wealthy conservatives to invest it in media changes.
13
posted on
05/26/2011 6:51:16 AM PDT
by
bilhosty
(Don' t tax people tax newsprint)
To: kosciusko51
In Greece, no one pays their taxes.
To: SeekAndFind
Whenever we try to combat the argument for higher taxes, we tend to dwell on the harm it will do to investment. This is incontrovertibly true, however, the more powerful argument lies in the fact that the CONSUMER will end up paying all of these increases. The "rich" happen to be composed of investors and employers. Employers and corporations will attempt to maintain profits, and since everyone in their respective markets will have the same expense increase, they will raise prices in unison, and the poor consumer ends up paying the tab....read inflation.
Liberal fiscal arguments always leave the consumer out of the equation. There are more votes among consumers than investors, so that's where our pundits and politicians should make their case, IMHO.
15
posted on
05/26/2011 6:54:06 AM PDT
by
wayoverontheright
(The Democratic Party is trying to end "the private sector as we know it".)
To: MinorityRepublican
In the context of this discussion, I am not worried about Greece. I am just saying that for the US taxpayer, 20% of GDP is the maximum we are willing to pay to the government, regardless of the tax rates. So, until the government reigns in its spending to those levels, we will never fix the problem.
To: SeekAndFind
I guaran-damn-tee that the recession started when Charlie Rangel, chairman of the ways and means committee in 2007, proposed a 3% surcharge on incomes over $1M. (Meaning the tax is paid from gross receipts.) Of course, the ‘Progressives’ believe that they are subsidizing businesses and that the businesses OWE their very existence to the government.
Black market, ho!
17
posted on
05/26/2011 6:57:13 AM PDT
by
griswold3
(Character is destiny)
To: Paladin2
Please Obama if you are going to bring back 1978, don’t revive disco and leisure suits. The thought of Mooschelle doing shake your booty is the stuff of nightmares.
18
posted on
05/26/2011 6:58:58 AM PDT
by
The Great RJ
("The problem with socialism is that pretty soon you run out of other people's money" M. Thatcher)
To: kosciusko51
20% is Hauser’s Law. It is the contract commerce has with government. When it is proposed to increase the overall rates on the ‘Productive’, commerce responds in kind. Always has, always will.
Go Galt!
19
posted on
05/26/2011 6:59:29 AM PDT
by
griswold3
(Character is destiny)
To: griswold3
20% is Hausers Law. I did not realize that it had a name. I appreciate the info.
Navigation: use the links below to view more comments.
first 1-20, 21-36 next last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson