I guess the Grover No Tax Pledge doesn't apply to the poor and middle class then.

Grand_Moff_Joseph: I guess the Grover No Tax Pledge doesn't apply to the poor and middle class then.

Well, duh! Poor people don't matter.

fark you, douchebag. In this economy, you are going to slam the working poor while floating a tax cut to the wealthy?

This is way past class warefare. They are going for full class genocide now.

Taxing the poor and the middle class makes good economic sense, there's a lot more of them.
You could tax the rich at 100% and still not make up the deficit.

Do I need to charge sales tax on the pitchforks and torches I plan to start selling?

MaudlinMutantMollusk: Do I need to charge sales tax on the pitchforks and torches I plan to start selling?

If you start your own business, you can write all of that off as a business expense. May I suggest Tar-N-Feather, LLC?

rnatalie: Taxing the poor and the middle class makes good economic sense, there's a lot more of them.
You could tax the rich at 100% and still not make up the deficit.

There's simply no way you posted seriously. None.

Grand_Moff_Joseph: I guess the Grover No Tax Pledge doesn't apply to the poor and middle class then.

If I remember right, he actually said something to that extent a few months back when they were having this tax increase argument.

Willard's tax plan would also greatly reduce tax revenues, adding an estimated 6 trillion to the deficit over ten years.

The GOP has some sort of hidden agenda that I haven't figured out yet. They're intentionally sabotaging themselves for the election this year.

Brilliant.

He does realize that there are more folks who are of voting age that fall into that bracket, doesn't he?

It's like he wants to hand the House and Senate over to the working class. Which, after so many years of attorneys and execs, might not be such a bad idea...

In the Republican primary, you can go full retard. In fact it's encouraged.

How many poor people create jobs?

HOW MANY!?

Y'know, outside of the jobs of police officers and prison guards.

So on, so forth.

What the fark?

fark this shameless plutocrat.

Yeah, let's raises taxes on the folks who have taken the hardest hit from the recession. Those that haven't dropped below the poverty line are barely hanging on and he wants them to pay more?

Meanwhile, let's cut taxes for the wealthiest Americans, who have sacrificed nothing and are making money hand over fist again. Most of them hardly noticed the country was in a recession.

Again, fark this shameless plutocrat and any asshole that thinks he should be president.

rnatalie: Taxing the poor and the middle class makes good economic sense, there's a lot more of them.
You could tax the rich at 100% and still not make up the deficit.

I think Poe's Law just self-immolated in protest.

ecmoRandomNumbers: The GOP has some sort of hidden agenda that I haven't figured out yet. They're intentionally sabotaging themselves for the election this year.

You can't blame the man in power when he's your man. Think of it as branding rehab after Bushco's clusterf*ck. They need a good decade or so of "but Democrats" in the larder.

hubiestubert: He does realize that there are more folks who are of voting age that fall into that bracket, doesn't he?

And many of them will continue to vote against their own interests just because they can't stand the idea of a Mooslem Atheist Socialist in the White House.

I read something really interesting the other day: What we're seeing is not necessarily the death rattle of conservative politics, but its transformation into "white minority politics." Within 50 years, the United States will be a majority-minority country. What is left of the GOP will be the foundation of the party that caters to people who think that's unacceptable.

More complex chart from TPC (new window)

Change in after tax income for the top 1%: +6.9%
Average change in after tax income for all other brackets: +0.47%


My math may be off here, but either way, this tax policy is purely indefensible.

For those who don't want to sift through all of TPC's content...a wall of text:

"Governor Romney would permanently extend all the 2001 and 2003 tax cuts now scheduled to expire in 2013 and continue to "patch" the alternative minimum tax, but would allow some recently enacted provisions to expire and would repeal certain tax provisions in the 2010 health reform legislation. Tax provisions in the 2009 stimulus act and subsequently extended through 2012 would expire. These include the American Opportunity tax credit for higher education, the expanded refundability of the child credit, and the expansion of the earned income tax credit (EITC). The plan would also eliminate tax on long-term capital gains, dividends, and interest income for married couples filing jointly with income under $200,000 ($100,000 for single filers and $150,000 for heads of household) and repeal the federal estate tax, while continuing the gift tax with a maximum tax rate of 35 percent.2

At the corporate level, the Romney plan would make two major changes: 1) reduce the corporate income tax rate from 35 to 25 percent and 2) make the research and experimentation credit permanent and extend for one year the full expensing of capital expenditures. It would also allow a "tax holiday" for the repatriation of corporate profits held overseas but does not specify whether repatriated earnings would face any tax (and, if so, at what rate). In the longer run, Gov. Romney would reduce the corporate rate further in conjunction with base broadening and simplification and would move the corporate tax to a territorial system.

Gov. Romney would also permanently repeal the 0.9 percent tax on wages and the 3.8 percent tax on investment income of high-income individual taxpayers that were imposed by the 2010 health reform legislation and are scheduled to take effect in 2013."

Translated: Blow a hole in the budget twice the size of Medicare D and Iraq combined, and redistribute everything left to the 1%

"I'm proposing no tax cuts for the rich." (new window)

I seem to recall a country that decided to tax it's poor heavily so that the rich could live wonderful lives of leisure.

It ended badly for everyone.

Grand_Moff_Joseph: More complex chart from TPC (new window)

Change in after tax income for the top 1%: +6.9%
Average change in after tax income for all other brackets: +0.47%


My math may be off here, but either way, this tax policy is purely indefensible.

I'm sure someone will be along shortly to explain why that's a good thing for the country...

Darth_Lukecash: I seem to recall a country that decided to tax it's poor heavily so that the rich could live wonderful lives of leisure.

It ended badly for everyone.

Unless you sold guillotines.

Well at least he's more honest than usual about directly saying 'Yes, I am going to fark YOU over America' since the average person makes less than $40k.

I_Am_Weasel: How many poor people create jobs?

HOW MANY!?

Y'know, outside of the jobs of police officers and prison guards.

So on, so forth.

They create plenty because they are the ones purchasing the goods and services of the rich. Demand creates jobs not because some rich guy decides to give people jobs.

I think they hate communism so much because they want it. Much like why they hate gays so much- or hate sharia law so much. The more they are or want it, the more they hate it.

We have enough tax on the poor. It's called gambling (lottery/casino).

Grand_Moff_Joseph: It would also allow a "tax holiday" for the repatriation of corporate profits held overseas but does not specify whether repatriated earnings would face any tax (and, if so, at what rate).

Ooh, the tax holiday! That worked really well at stimulating the economy last time!

Grand_Moff_Joseph: I guess the Grover No Tax Pledge doesn't apply to the poor and middle class then.

No, you don't understand, it's not a tax raise, it's "broadening the base."

Nadie_AZ: I think they hate communism so much because they want it. Much like why they hate gays so much- or hate sharia law so much. The more they are or want it, the more they hate it.

You are one of the roadblocks to progress. Your stupid prejudicial comments about large groups of people you have no clue about. Look up (seriously) the last few elections in major cities where a Democrat was the victor and Gay Marriage was either unobserved or outright banned on the same ballot. Where I live more Democrats voted against Gay Rights than GOP and Independents COMBINED. And don't get me started about who thinks N**ger is just common slang. The DNC may win the next election, but they're looking more and more like the GOP every day. Just different.

nmrsnr: Grand_Moff_Joseph: I guess the Grover No Tax Pledge doesn't apply to the poor and middle class then.

No, you don't understand, it's not a tax raise, it's "broadening the base."

SKIN IN THE GAME!

MaudlinMutantMollusk: Do I need to charge sales tax on the pitchforks and torches I plan to start selling?

Of course not. First Amendment.

Your Pitchfork and Torch corporation is a person. Pitchforks and torches are speech.

I wish articles like this would be a little more precise with the term 'millionaire' . It's supposed to mean one who has a million dollars, not one who receives an income of a million dollars in one year.

Linoleum_Blownapart: not one who receives an income of a million dollars in one year.

Or over five as is more and more the case. Can't wait till that shenanigan blows back at 'em.

I hear some of those people can afford refrigerators and dishwashers. I mean, what's next? Color televisions?