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Written by Steve B.
Monday, 26 July 2010 15:40
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I cannot stand the depiction of the tax cuts, tax increases, tax bull **** that is spewed by both politicians and pundits alike! It is really simple but those in leadership roles and those that have the soapbox podium insist on complicating the true issues and mudding the waters. Regarding Federal Income tax and specifically the "Bush Tax Cuts", on the average individuals that made $50,000 to $60,000 a year saw a refund of approximate average of $980.00 (I know most saw $640.00) while individuals who made around $245,000 saw a refund of approximately $4,830. In the most elite category of the top one percent - making $1.17 million per year benefited by an average $40,900! So $50,000 times 20 is 1 million, let's multiply the average $980 (which is on the generous side in my opinion, but let's use that figure anyway) times 20 to get our fair and equitable number of $19,800 for those cats making 1 plus million. Oh, but wait, they didn't receive 20 thousand dollars, they got an average of $40,900! So that is what the republicans (and democrats that support these cuts) call 'fair'?
Here is another example: "Based on the CBO data, the top one percent of households (whose incomes average nearly $1.2 million) will receive an average tax cut of approximately $40,990 in 2004. This is more than 40 times the average tax break for those in the middle fifth of the income distribution. The gap is dramatic even though this calculation does not include the effects of two major tax cuts that disproportionately benefit very high-income households — the “bonus depreciation” business tax cut and the phase-out of the federal estate tax. The CBO study is the most comprehensive ****ysis available by a governmental body of who benefits from the Bush tax cuts." (from the Center on Budget and Policy Priorities web site - http://www.cbpp.org/cms/index.cfm?fa=view&id=2116) Why is it so damn difficult to understand this and to be able for politicians and pundits to articulate this? Are they stupid? Are they liars that have some hidden agenda? What?
So tell me this is a fair and honest discussion of tax inequity or tax fairness, depending on your position. What has tax got to do with it? Rather what is fair and equitable or at least let's speak honestly about this issue in debate. Fine, if you feel that the tax cuts should continue - which benefit the richest of our society more than the majority middle class and is NOT equal, or equitable when looked at through empirical glasses, then that is your stance. No problem, if you feel that the cuts should not continue or that the cuts should only apply to the less fortunate (financially speaking) then fine, that is your point of view. But do NOT depict the empirical truth with fantasy and fiction. Please speak your case honestly and use the truth! If you just don't want or don't believe in taxes or in your view excessive taxes, fine! Don't spew bull biscuits because you can't find any truth to support your position. Just say that it is what you believe, whether percieved or real and that is that. If you can't support your premise that lowering taxes for the wealthiest in our society produces economic incentives and creates jobs then don't say that! Just because you want it to be true but cannot find fact to support it doesn't make it true and if you are presented with fact that is to the contrary one would think you could look beyond your desire to not believe it and accept, although unwillingly the data that is contrary to your belief, supposition and leanings. Is it really that hard to be honest with yourself for God's sake?
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Comments
You go baby!