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(Yahoo) Obvious Republicans seek to reduce the deficit by slashing the taxes for the wealthiest of us all and throwing out 95% of overseas income taxes. No, quit laughing. They're serious   (news.yahoo.com) divider line 244
More: Obvious, tax reforms, Rob Portman, u.s. deficit, The Republicans, St. Clair Shores, bridge collapse, tax code, income taxes  
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2791 clicks; posted to Politics » on 29 Nov 2011 at 9:14 AM   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»   |    Get this fabulous T-Shirt and impress the methane out of your friends! shirt it!



244 Comments   (+0 »)
   

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2011-11-29 01:22:26 AM
Damn, they are serious......
Guess we better start sharpening those guillotines.
 
2011-11-29 01:40:56 AM
Anybody with a better history education please tell me -- what is the tipping point? What exactly is the final straw that ultimately elicits a bloody, murderous rage against the powerful, corrupt, and mega-wealthy?
 
2011-11-29 01:51:02 AM
Are the Republicans *trying* to start a civil war...?
 
2011-11-29 02:05:15 AM
Weaver95 01:51:02 AM Ignore User
Are the Republicans *trying* to start a civil war...?

I've been wondering that for a while now myself.
 
DAR [TotalFark]
2011-11-29 02:09:57 AM
ecmoRandomNumbers: what is the tipping point?

lack of food in the stores because the the gas station didn't get the weekly delivery from the oil refinery.

Till then, its business as usual because Dancing with the Stars is on the TV.
 
2011-11-29 02:10:07 AM
ecmoRandomNumbers
Anybody with a better history education please tell me -- what is the tipping point? What exactly is the final straw that ultimately elicits a bloody, murderous rage against the powerful, corrupt, and mega-wealthy?

This is a pretty good write up on the French Revolution (and pretty close to where we're at today in the US) -

The French Revolution began because France's government was still a feudalism. This means that their were three ranks, and the peasants and working/middle class were extremely mistreated. The Aristocracy, or high class, felt that the third class were nothing but insects, and therefore treated them as so.
Also, the middle and lower classes had to pay huge amounts of taxes which the upper class did not have to pay. On top of this, the king at the time, Louis XVI, did not regulate the money of the government well, and therefore the government went bankrupt. There was very little money in France, and the only people who had it was the upper class. The lower class was therefore starving and received no help from the king or the Aristocracy.
The French Revolution was started because of this, and it involved the lower class rising up and killing the King and Queen of France to hopefully do what America had done, and create a government in which everyone had freedoms and liberty.

Read more: http://wiki.answers.com/Q/Who_started_the_French_revolution#ixzz1f4lMr zW1
 
2011-11-29 04:05:07 AM
Corporate tax rate does need to come down. (new window)Enough to move earnings back to the states.

I'm not saying corporations should pay less taxes... I'm saying they should PAY more by reporting profits in the US.

Why would you structure your corporation, to report earnings in a country where taxes were 40% when you could report them in a country at 28%?
 
2011-11-29 04:45:39 AM
Fon_Win 2011-11-29 04:05:07 AM

Corporate tax rate does need to come down. (new window)Enough to move earnings back to the states.

I'm not saying corporations should pay less taxes... I'm saying they should PAY more by reporting profits in the US.

Why would you structure your corporation, to report earnings in a country where taxes were 40% when you could report them in a country at 28%?


There ya go with that logic thingy again......
 
2011-11-29 06:19:37 AM
So, the plan is to increase foreign ownership by reduction of taxes, thus insuring a further transfer of currency out of the country, and reducing investment and savings here?

Just trying to grasp exactly what the f*ck they're thinking--beyond paying back the folks who funded their campaigns that is...
 
2011-11-29 07:01:26 AM
So if corporations are individuals, and their offshore earnings are going to be taxed 95% less, then I as an individual American citizen who lives abroad will only have to pay the IRS a pittance from now on, right?

/right?
 
2011-11-29 08:22:03 AM
this is what happens when you let metally ill people vote.
 
2011-11-29 08:34:25 AM
Yes folks, this is the GOP's idea of an intelligent plan.
 
2011-11-29 08:49:28 AM
Weaver95: Are the Republicans *trying* to start a civil war...?

Not at all. The Republican voters who are not part of the 1% will continue to vote Republican, even though voting that way is against their own interests. Their rational? "At least Republicans aren't the party of that Nobama socialist mooslim who is trying to destroy Amurica!"
 
2011-11-29 08:53:53 AM
Andromeda: So if corporations are individuals, and their offshore earnings are going to be taxed 95% less, then I as an individual American citizen who lives abroad will only have to pay the IRS a pittance from now on, right?

/right?


Incorporate yourself.
 
2011-11-29 09:14:02 AM
ecmoRandomNumbers: what is the tipping point?

Empty bellies.
 
2011-11-29 09:17:12 AM
I like how what Republicans call tax "reform" is exactly the opposite of actual reform.
 
2011-11-29 09:17:51 AM
ecmoRandomNumbers: Anybody with a better history education please tell me -- what is the tipping point? What exactly is the final straw that ultimately elicits a bloody, murderous rage against the powerful, corrupt, and mega-wealthy?

No society is more than three meals from revolution.
 
2011-11-29 09:18:42 AM
They're just shiatting with us. 'Reduce the deficit! And we'll do it by cutting income!' There's a total disconnect between cause and effect.
 
2011-11-29 09:19:16 AM
Democracy doesn't work.
 
2011-11-29 09:19:25 AM
Fon_Win: Corporate tax rate does need to come down. (new window)Enough to move earnings back to the states.

I'm not saying corporations should pay less taxes... I'm saying they should PAY more by reporting profits in the US.

Why would you structure your corporation, to report earnings in a country where taxes were 40% when you could report them in a country at 28%?


Why would you structure your corporation to report earnings in a country where taxes where at 28% when you could report them in a country at 0%?

Yes, many tax haven nations (where companies will be 'headquartered' in spite of having only a PO Box) have a 0% tax rate on foreign income. The race to the bottom is over.
 
2011-11-29 09:21:33 AM
Ask a Republican


Dear Republican,

I think my husband is cheating on me. What should I do?

Sally



Dear Sally,

Tax cuts
 
2011-11-29 09:22:15 AM
I am now convinced that most Republican voters know something is amiss, but they continue to watch Fox News as a means to hold on to the glimmer of a hope that their GOP politicians aren't corrupt and that there are still people out there willing to fight for socially regressive change like Jesus would have wanted.
 
2011-11-29 09:22:28 AM
vernonFL: Ask a Republican


Dear Republican,

I think my husband is cheating on me. What should I do?

Sally


Dear Sally,

Tax cuts



Her husband must really love America. He sounds like a true patriot.
 
2011-11-29 09:24:22 AM
Alphax: They're just shiatting with us. 'Reduce the deficit! And we'll do it by cutting income!' There's a total disconnect between cause and effect.

I know when I have debt to pay, I ask my employer to pay me less. It just makes sense.

/republican sense
 
2011-11-29 09:25:06 AM
25.media.tumblr.com
 
2011-11-29 09:25:08 AM
coeyagi: I am now convinced that most Republican voters know something is amiss, but they continue to watch Fox News as a means to hold on to the glimmer of a hope that their GOP politicians aren't corrupt and that there are still people out there willing to fight for socially regressive change like Jesus would have wanted.

I have yet to see any evidence of this.
 
2011-11-29 09:27:08 AM
Sum Dum Gai: Why would you structure your corporation to report earnings in a country where taxes where at 28% when you could report them in a country at 0%?

Yes, many tax haven nations (where companies will be 'headquartered' in spite of having only a PO Box) have a 0% tax rate on foreign income. The race to the bottom is over.


Because restructuring a corporation and dealing with the offshore issues creates a level of overhead and effort; the cost of maintaining a shell on the Isle of Man is not $0. Perhaps more importantly, the ability to offshore (and most legal tax evasion) is much more available to huge corporations, providing yet another disadvantage to small businesses.
 
2011-11-29 09:29:03 AM
vernonFL: Ask a Republican


Dear Republican,

I think my husband is cheating on me. What should I do?

Sally


Dear Sally,

Is he a Mormon? If not, would he consider running for President?


/FTFY
 
2011-11-29 09:29:06 AM
LasersHurt: coeyagi: I am now convinced that most Republican voters know something is amiss, but they continue to watch Fox News as a means to hold on to the glimmer of a hope that their GOP politicians aren't corrupt and that there are still people out there willing to fight for socially regressive change like Jesus would have wanted.

I have yet to see any evidence of this.


Something, anything, must have permeated through the echo chamber of Fox. I also don't have evidence other than the overwhelming evidence of their ridiculous antics MUST have reached some of the voters unless they all truly live in a world where Fox is the only thing on the TV.
 
2011-11-29 09:29:21 AM
Weaver95: Are the Republicans *trying* to start a civil war...?

(crosses fingers)

Please, pre-emptive strike on a Confederate state...
 
2011-11-29 09:29:45 AM
Someone needs to teach me how to pronounce my Rs like Ls for when we're China. I'm China And So Can You!
 
2011-11-29 09:32:49 AM
Dusk-You-n-Me: [25.media.tumblr.com image 500x344]

You know, I would love to see the question asked in a GOP debate, "Are there any circumstances under which taxes for the rich should be raised?"
 
2011-11-29 09:33:44 AM
HotWingConspiracy: Democracy doesn't work.

This. It's time to start executing right-wing authoritarians and social dominators as a matter of policy.
 
2011-11-29 09:33:54 AM
coeyagi: LasersHurt: coeyagi: I am now convinced that most Republican voters know something is amiss, but they continue to watch Fox News as a means to hold on to the glimmer of a hope that their GOP politicians aren't corrupt and that there are still people out there willing to fight for socially regressive change like Jesus would have wanted.

I have yet to see any evidence of this.

Something, anything, must have permeated through the echo chamber of Fox. I also don't have evidence other than the overwhelming evidence of their ridiculous antics MUST have reached some of the voters unless they all truly live in a world where Fox is the only thing on the TV.


I has a sad, but in many places that's the case. Hell I got into a conversation with a guy yesterday who asserted we've been doing everything right for the last 30 years.

Let me say that again so it sinks in: He thinks we've been doing great over the last 30 years.
 
2011-11-29 09:34:38 AM
threedingers: Dusk-You-n-Me: [25.media.tumblr.com image 500x344]

You know, I would love to see the question asked in a GOP debate, "Are there any circumstances under which taxes for the rich should be raised?"


I'm sure ever last one of the current candidates will say NO, and compete with each other over how assertively they can say it.
 
2011-11-29 09:35:16 AM
LasersHurt: coeyagi: LasersHurt: coeyagi: I am now convinced that most Republican voters know something is amiss, but they continue to watch Fox News as a means to hold on to the glimmer of a hope that their GOP politicians aren't corrupt and that there are still people out there willing to fight for socially regressive change like Jesus would have wanted.

I have yet to see any evidence of this.

Something, anything, must have permeated through the echo chamber of Fox. I also don't have evidence other than the overwhelming evidence of their ridiculous antics MUST have reached some of the voters unless they all truly live in a world where Fox is the only thing on the TV.

I has a sad, but in many places that's the case. Hell I got into a conversation with a guy yesterday who asserted we've been doing everything right for the last 30 years.

Let me say that again so it sinks in: He thinks we've been doing great over the last 30 years.


I assume he THINKS he's part of the 1%, in which case, it's the truth.
 
2011-11-29 09:35:22 AM
Currently poor people pay less tax than rich people - this is hardly fair. They also employ fewer staff, give less to charity and contribute nothing to the luxury yacht industry. So it's about time we levelled the playing field.
 
2011-11-29 09:35:25 AM
Weaver95: Are the Republicans *trying* to start a civil war...?

About as hard as John Kerry was when he proposed pretty much the same thing as one of his many plans in 2004.

Let the "Bush tax cuts" expire. All of them.
Eliminate the AMT.
Eliminate the biggest itemized deductions, including, and most importantly, the mortgage interest deduction
Lower corporate rates
Fix the ACA so that employer/government-provided health benefits are taxed as regular income above the penalty amount

...and watch the deficit get cut in half in one year
 
2011-11-29 09:37:51 AM
coeyagi: LasersHurt: coeyagi: LasersHurt: coeyagi: I am now convinced that most Republican voters know something is amiss, but they continue to watch Fox News as a means to hold on to the glimmer of a hope that their GOP politicians aren't corrupt and that there are still people out there willing to fight for socially regressive change like Jesus would have wanted.

I have yet to see any evidence of this.

Something, anything, must have permeated through the echo chamber of Fox. I also don't have evidence other than the overwhelming evidence of their ridiculous antics MUST have reached some of the voters unless they all truly live in a world where Fox is the only thing on the TV.

I has a sad, but in many places that's the case. Hell I got into a conversation with a guy yesterday who asserted we've been doing everything right for the last 30 years.

Let me say that again so it sinks in: He thinks we've been doing great over the last 30 years.

I assume he THINKS he's part of the 1%, in which case, it's the truth.


Actually he went off on a tangent about how he was unemployed, in an unheated house, eating ramen, living in filth, etc. His point was that everyone needs to bootstrap, and anything else is horrible. His solution was to join the military. That'll teach people to get resources from the government.

I tried to explain that the difference in philosophy was that I too went through hard times, and I want to help others AVOID it, not make it nearly a prerequisite.
 
2011-11-29 09:37:53 AM
Weaver95: Are the Republicans *trying* to start a civil war...?

Never really thought about it, but it's possible. They lost the last one and in many places, they're still quite sore about it.

Their black slaves have already been taken away from them, they'll be damned if their poor and Mexican slaves will be taken away again.
 
2011-11-29 09:37:54 AM
And when I bring this up to my physics professor he tells me:

"They want to tax the rich and give it to the lazy and create a socialist system. They want to destroy the wealth in american and force you to depend on the government for everything. Do you want to live in a free country or somewhere like cuba where you have no choice in life? Where they tell you what to do, what to eat, and where to be? I want to die a free man and anyone that tries to take that away from me better be able to out run a bullet."

Brilliant physics professor, a little insane when it comes to politics.
 
2011-11-29 09:37:59 AM
LasersHurt: coeyagi: I am now convinced that most Republican voters know something is amiss, but they continue to watch Fox News as a means to hold on to the glimmer of a hope that their GOP politicians aren't corrupt and that there are still people out there willing to fight for socially regressive change like Jesus would have wanted.

I have yet to see any evidence of this.


My fiscally right-of-center, socially neutral father is very supportive of OWS and hopes they shake something loose. My brother, who is suffering from military-service-induced super conservativism, is acknowledging that the echo chamber is fabricating stories and that at the core he and I do agree on a lot. I can see the cracks forming.
 
2011-11-29 09:39:34 AM
T. Dawg: LasersHurt: coeyagi: I am now convinced that most Republican voters know something is amiss, but they continue to watch Fox News as a means to hold on to the glimmer of a hope that their GOP politicians aren't corrupt and that there are still people out there willing to fight for socially regressive change like Jesus would have wanted.

I have yet to see any evidence of this.

My fiscally right-of-center, socially neutral father is very supportive of OWS and hopes they shake something loose. My brother, who is suffering from military-service-induced super conservativism, is acknowledging that the echo chamber is fabricating stories and that at the core he and I do agree on a lot. I can see the cracks forming.


That's heartening to hear. It really started to hit home on me the last few days, for some reason, just how brainwashed many Americans are. Struggle is honor; poverty is opportunity. The rich rule us because they DESERVE IT. Arbeit Macht Frei.
 
2011-11-29 09:42:12 AM
RumsfeldsReplacement: Weaver95: Are the Republicans *trying* to start a civil war...?

Never really thought about it, but it's possible. They lost the last one and in many places, they're still quite sore about it.

Their black slaves have already been taken away from them, they'll be damned if their poor and Mexican slaves will be taken away again.


There's something weird with this statement.
 
2011-11-29 09:44:15 AM
The deficit is like a huuuuge circle. Eventually, if you go far enough, it rolls back over to 1 o'clock. Then we are in position to pay off that smaller amount.
 
2011-11-29 09:45:26 AM
The Magna Carta was the worst thing that ever happened to these people, and they've been trying to dismantle it ever since.
 
2011-11-29 09:48:05 AM
LasersHurt: coeyagi: LasersHurt: coeyagi: LasersHurt: coeyagi: I am now convinced that most Republican voters know something is amiss, but they continue to watch Fox News as a means to hold on to the glimmer of a hope that their GOP politicians aren't corrupt and that there are still people out there willing to fight for socially regressive change like Jesus would have wanted.

I have yet to see any evidence of this.

Something, anything, must have permeated through the echo chamber of Fox. I also don't have evidence other than the overwhelming evidence of their ridiculous antics MUST have reached some of the voters unless they all truly live in a world where Fox is the only thing on the TV.

I has a sad, but in many places that's the case. Hell I got into a conversation with a guy yesterday who asserted we've been doing everything right for the last 30 years.

Let me say that again so it sinks in: He thinks we've been doing great over the last 30 years.

I assume he THINKS he's part of the 1%, in which case, it's the truth.

Actually he went off on a tangent about how he was unemployed, in an unheated house, eating ramen, living in filth, etc. His point was that everyone needs to bootstrap, and anything else is horrible. His solution was to join the military. That'll teach people to get resources from the government.

I tried to explain that the difference in philosophy was that I too went through hard times, and I want to help others AVOID it, not make it nearly a prerequisite.


So his thesis is that things are going well in the past 30 years because it is teaching boostrappiness? Interesting theory.
 
2011-11-29 09:49:38 AM
ecmoRandomNumbers: Anybody with a better history education please tell me -- what is the tipping point? What exactly is the final straw that ultimately elicits a bloody, murderous rage against the powerful, corrupt, and mega-wealthy?

Usually it involves people starving, because the monetary system becomes useless in being able to purchase food.
 
2011-11-29 09:50:47 AM
LasersHurt: I tried to explain that the difference in philosophy was that I too went through hard times, and I want to help others AVOID it, not make it nearly a prerequisite.

Yup. Some people see poverty as a gauntlet to be run, and one's ability to escape from it (or not) is how you should be judged as a person.

Poverty is a mechanism for Justice, and people always get what they deserve.
 
2011-11-29 09:50:50 AM
Meanwhile, on the very same day: (new window)

Senate Democrats plan to schedule a vote this week on a bill that would extend the expiring Social Security payroll tax cut - and pay for the extension by a 3.25 percent tax on income in excess of $1 million.

The bill, sponsored by Sen. Bob Casey of Pennsylvania, is almost certain to fail in the Senate. But for Democrats, it serves as a vessel to argue that Republicans are more concerned with the so-called "one percent" of high earners than the 160 million working Americans they say would see a tax cut under the bill."

So with corporations making record profits, we need to cut their taxes so they can make more jobs with the EXTRA profits they will make???

That's been working great so far.
 
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