The money was not earned by or does it belong to the Government. In many of his speeches lately he calls tax cuts "spending" of course always referencing "the rich" to push the class warfare angle
Ken, What percent of the total did the top 2% pay to begin with. Tax cuts logically should go to those that pay taxes.
Anonymous
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i doubt he believes 90% of what he says. but he knows most Americans will believe it
Anonymous
"Start with the amount of collected tax before President Bush's tax cuts and subtract the amount after the tax cuts. That yields the amount of tax no longer collected."
OK.. let's do that.
Federal Tax Revenue 2001: $2.0 trillion
Federal Tax Revenue 2008: $2.5 trillion
Yeah.. that's pretty horrible.
Ken
You're not thinking about this clearly. Try this:
Start with the amount of collected tax before President Bush's tax cuts and subtract the amount after the tax cuts. That yields the amount of tax no longer collected. The richest 2% of tax payers got 38% of it.
Outrageous. Reprehensible.
Jay
A dry cleaning establishment starts giving a 50% discount to everyone (they give you a "coupon" at the register if you don't already have one). The business is now running at a loss because the business is spending more than they are taking in.
When the business says that they need to remove the discount, do people complain that the business is now raising prices, unfairly?
Anonymous
You know what's class warfare? People making 20 million a year paying 12% net on taxes while teachers, bus drivers and nurses pay 30% tax.