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(Washington Post)   Mitt Romney's tax plan cuts taxes for the wealthy, pays for them by raising taxes on the rest of the people. Or pretty much the same republican tax policy as always   (washingtonpost.com) divider line 93
    More: Obvious, Mitt Romney, consumer complaint, tax policy, estate taxes, tax collections, tax cuts, Tax Policy Center  
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2090 clicks; posted to Politics » on 01 Aug 2012 at 1:32 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-08-01 11:11:48 AM
What, did the obvious tag....oh nevermind, it's right there.
 
2012-08-01 11:18:19 AM
Mitt Romney's tax plan cuts taxes for the wealthy, pays for them by raising taxes on the rest of the you people. Or pretty much the same republican tax policy as always

FIFY, subby
 
2012-08-01 11:20:01 AM
That's a real shock.
 
2012-08-01 11:20:11 AM
But low taxes have worked so well for the Republicans. The economy is booming!
 
2012-08-01 11:22:35 AM
Because welfare keeps people from building their own bootstraps, amirite?
 
2012-08-01 11:32:47 AM
Step right up and defend this plan, GOP. Let's hear it.
 
2012-08-01 11:33:11 AM
Yep, because tax hikes on the people that actually drive the economy is such a great idea....

did Romneybot not get the OTA update for his econ app?
 
2012-08-01 11:37:41 AM
How are the job creators going to create jobs with this crippling 13% tax (or 0% tax if their accountants are clever enough) that they are burdened with? Because if they have more money they will create JOBS, whether they need them or not. They're not going to squirrel it away in offshore accounts with the rest of their money. This time they will create JOBS. Honest. In China. But they're still JOBS.
 
2012-08-01 11:49:51 AM

Dusk-You-n-Me: Step right up and defend this plan, GOP. Let's hear it.


1) "It's not true at all. Look, I've got this study from this right-wing think-tank that proves it!"
2) "Obama is just as bad, therefore you should vote Republican."
3) "Look, man. I just vote for the guy that's going to ban the most abortions."

Oops. They don't usually say that third one. They just think it.
 
2012-08-01 12:07:05 PM
And before someone says "it is the same plan as the last two decades and it hasn't worked" STOP AND THINK WHAT YOU'RE SAYING.

The wealthiest few percent NEED a heavily impoverished workforce so that they can score cheaper labor.

The wage the workforce can command goes down, the money into the pockets of the investors goes up. The more "on the edge" the workforce lives, the harder you can work them for less and less, because they'll scrape and scream to keep what they have.

It has worked FINE for the last couple decades, and it will continue working just fine.

The people who think it's not working just don't understand the end goal.
 
vpb [TotalFark]
2012-08-01 12:18:46 PM
We've already waited 30 years for the wealth to start trickling down, if we give up now, all that will have been for nothing.
 
2012-08-01 12:26:06 PM
You know a small part of me hopes that Rmoney does win just to watch the Republican base take one in the arse. The blow back from yanking those middle class perks would be awesome.
 
2012-08-01 12:27:48 PM

Hershey Highway Patrol: You know a small part of me hopes that Rmoney does win just to watch the Republican base take one in the arse. The blow back from yanking those middle class perks would be awesome.


They'll just keep blaming the Democrats until there are none left in Congress.
 
2012-08-01 12:28:02 PM
Color me shocked...
 
2012-08-01 12:32:45 PM

themindiswatching: Hershey Highway Patrol: You know a small part of me hopes that Rmoney does win just to watch the Republican base take one in the arse. The blow back from yanking those middle class perks would be awesome.

They'll just keep blaming the Democrats until there are none left in Congress.


Well I was thinking about that too. Have them Dems vote with the Repubs on everything. Then watch the Republicans find they've got no one to blame.
 
2012-08-01 12:37:22 PM
It's those insidious gays! Every time the wealthy TRY to use their tax cuts to create jobs the gays touch penises and create a rainbow vortex that somehow sends that money to offshore accounts in the Caymans instead. It's like the Wonder Twins, except less, y'know, gay.
 
2012-08-01 12:38:50 PM

hubiestubert: Color me shocked...


Already had you Favorited with a light blue. What do you think the RGB value of 'shocked' would be?
 
2012-08-01 12:42:57 PM
You see, we wealthy people put our money into instruments that, while producing pretty much nothing, tend to foster more wealth, thereby increasing the national savings rate and pleasing Jesus.
Now on the other hand, you people would just fritter it away on food and commodities (mostly gay sex porn, Doritos, and bootlegged dandelion wine from what I've heard) that other poor people are employed to produce.

And when we die, we get box seats in heaven as topless angels play awesome harp solos, and you have to bring us coconut-flavored rum balls.

It's just God's plan, so stop hating.
 
2012-08-01 12:52:51 PM
What is the difference between Jesus and Republicans?

Jesus loved prostitutes AND tax collectors.
 
2012-08-01 12:54:41 PM

TsarTom: You see, we wealthy people put our money into instruments that, while producing pretty much nothing, tend to foster more wealth, thereby increasing the national savings rate and pleasing Jesus.
Now on the other hand, you people would just fritter it away on food and commodities (mostly gay sex porn, Doritos, and bootlegged dandelion wine from what I've heard) that other poor people are employed to produce.

And when we die, we get box seats in heaven as topless angels play awesome harp solos, and you have to bring us coconut-flavored rum balls.

It's just God's plan, so stop hating.



Sounds about right.
 
2012-08-01 01:02:34 PM

vpb: We've already waited 30 years for the wealth to start trickling down, if we give up now, all that will have been for nothing.


I forget the technical term, but that is a genuine way of thinking that our brains tend to want to do, in spite of our best interests.
 
2012-08-01 01:07:05 PM

God Is My Co-Pirate: vpb: We've already waited 30 years for the wealth to start trickling down, if we give up now, all that will have been for nothing.

I forget the technical term, but that is a genuine way of thinking that our brains tend to want to do, in spite of our best interests.


Ah, here we go: sunk cost fallacy, and "irrational escalation of commitment". Link
 
2012-08-01 01:36:45 PM
So let me see if I have this correct.

The Bush tax cuts that you keep crying about. That Obama says he wants to extend for everyone making less than 250k.

Raised taxes on everyone but the rich?

Pull your head out of your rear and quit lying about other political parties simply because you have no platform to stand on. The Republican policy is, as usual, across the board tax cuts for people who actually pay taxes.
 
2012-08-01 01:36:57 PM
"It is not mathematically possible to design a revenue-neutral plan that preserves current incentives for savings and investment and that does not result in a net tax cut for high-income taxpayers and a net tax increase for lower- and/or middle-income taxpayers," the study concludes.

I have been saying this for years!

Why are Republicans so bad at math.
 
2012-08-01 01:37:23 PM

Dusk-You-n-Me: Step right up and defend this plan, GOP. Let's hear it.



You can expect 'Job creators' with a side of 'skin in the game'
 
2012-08-01 01:38:19 PM
Scumbag.
 
2012-08-01 01:38:48 PM
Obviously subby has no idea how economics works. You give the rich tax cuts. With those tax cuts they create jobs. They haven't been able to because the Democrats have been too busy blocking any help the Republicans want to give to the American people.
 
2012-08-01 01:39:34 PM

randomjsa: So let me see if I have this correct.

The Bush tax cuts that you keep crying about. That Obama says he wants to extend for everyone making less than 250k.

Raised taxes on everyone but the rich?


You missed the point dumbass (as usual):

None of it helped Romney. His rate-cutting plan for individuals would reduce tax collections by about $360 billion in 2015, the study says. To avoid increasing deficits - as Romney has pledged - the plan would have to generate an equivalent amount of revenue by slashing tax breaks for mortgage interest, employer-provided health care, education, medical expenses, state and local taxes, and child care - all breaks that benefit the middle class.

"It is not mathematically possible to design a revenue-neutral plan that preserves current incentives for savings and investment and that does not result in a net tax cut for high-income taxpayers and a net tax increase for lower- and/or middle-income taxpayers," the study concludes.

Even if tax breaks "are eliminated in a way designed to make the resulting tax system as progressive as possible, there would still be a shift in the tax burden of roughly $86 billion [a year] from those making over $200,000 to those making less" than that.


But I will not stop you from nailing yourself up on that cross like you always do.
 
2012-08-01 01:39:38 PM

fracto: Dusk-You-n-Me: Step right up and defend this plan, GOP. Let's hear it.


You can expect 'Job creators' with a side of 'skin in the game'


You know I have this weird thing that when I hear or read job creators my brain processes it as lying theiving pigs.
 
2012-08-01 01:40:22 PM

Charlie Chingas: Obviously subby has no idea how economics works. You give the rich tax cuts. With those tax cuts they create jobs. They haven't been able to because the Democrats have been too busy blocking any help the Republicans want to give to the American people.


Sad thing is that this is an actual economic school of thought even though there is no proof that it actually works.

Consumer demand be damned!
 
2012-08-01 01:40:27 PM

Slives: hubiestubert: Color me shocked...

Already had you Favorited with a light blue. What do you think the RGB value of 'shocked' would be?


It depends on who is doing the Shocking...
 
2012-08-01 01:40:55 PM
TAX THE POOR AWAY
 
2012-08-01 01:41:24 PM
This guy is such an asshole, it's ridiculous. How is Obama NOT miles ahead of this prick in the polls? F*cking dumbass Americans...
 
2012-08-01 01:41:38 PM

Slaves2Darkness: fracto: Dusk-You-n-Me: Step right up and defend this plan, GOP. Let's hear it.


You can expect 'Job creators' with a side of 'skin in the game'

You know I have this weird thing that when I hear or read job creators my brain processes it as lying theiving pigs.


It always reminds me of that part in the Bible where it talks about not worshiping false idols.
 
2012-08-01 01:41:48 PM
You give the rich more money.

The money "trickles down".

Jobs are magically created out of thin air regardless of demand and the financial strength of consumers.

Is that how that bullshiat is supposed to work? We've tried it twice, it does not work.
 
2012-08-01 01:42:54 PM

God Is My Co-Pirate: God Is My Co-Pirate: vpb: We've already waited 30 years for the wealth to start trickling down, if we give up now, all that will have been for nothing.

I forget the technical term, but that is a genuine way of thinking that our brains tend to want to do, in spite of our best interests.

Ah, here we go: sunk cost fallacy, and "irrational escalation of commitment". Link


The same psychological factor that builds casinos. Human beings have used random chance and gambling since existence. Our reptilian brain does not allow for walking away...because under this rock, we might finally score. Or this one. Maybe that one? Dammit, just keep lifting them. It has always been this way...
 
2012-08-01 01:43:14 PM
riverdaughter.files.wordpress.com
 
2012-08-01 01:43:22 PM
We get it. He's rich.
 
2012-08-01 01:44:20 PM
Im at the point where i can no longer afford to purchase what the rich are selling so i guess they'll just have to sit on their tax breaks or whatever people who don't need more money do with more money.
 
2012-08-01 01:44:55 PM

Fart_Machine: We get it. He's rich.


If you think that's the issue you are a moron.
 
2012-08-01 01:45:05 PM
Millionaires would get an $87,000 tax cut, the study says. But for 95 percent of the population, taxes would go up by about 1.2 percent, an average of $500 a year.

That seems fair. I heard those millionaires have been hurting for a while now.
 
2012-08-01 01:45:18 PM
This is what conservatives actually think.
 
2012-08-01 01:46:12 PM
Call me shocked. Shocked I say!
 
2012-08-01 01:47:45 PM
Of course it will raise taxes on most people. Then again, most people only hear about 'lower tax rates' and embrace it while they don't realize their mortgage deduction will go the way of the dodo.

i47.photobucket.com
 
2012-08-01 01:50:43 PM
so Rmoney's tax plan would exempt foreign corporate profits from US taxation. How much of his own money has he put into his campaign, does he stand to profit off his off shore tax havens if he's elected or will it just mitigate his losses?
 
2012-08-01 01:51:03 PM

Hershey Highway Patrol: You know a small part of me hopes that Rmoney does win just to watch the Republican base take one in the arse. The blow back from yanking those middle class perks would be awesome.


The repubs have been farking the wimpy amerikan middle class and the poor for 30 years and got voted in by a landslide 2 years ago. You can fark the loser amerikan public all you want and not have to worry. They are the stupidest people on the planet.
 
2012-08-01 01:51:40 PM
img266.imageshack.us
 
2012-08-01 01:51:41 PM

fracto: Fart_Machine: We get it. He's rich.

If you think that's the issue you are a moron.


I'm being snarky but I'm sure someone will be along to say this.
 
2012-08-01 01:54:27 PM

Mrtraveler01: Charlie Chingas: Obviously subby has no idea how economics works. You give the rich tax cuts. With those tax cuts they create jobs. They haven't been able to because the Democrats have been too busy blocking any help the Republicans want to give to the American people.

Sad thing is that this is an actual economic school of thought even though there is no proof that it actually works.

Consumer demand be damned!


Yeah. Was trying to be snarky/trollish, but then realized the sad fact that some consider this to be true...
 
2012-08-01 01:55:01 PM

Soup4Bonnie: Millionaires would get an $87,000 tax cut, the study says. But for 95 percent of the population, taxes would go up by about 1.2 percent, an average of $500 a year.

That seems fair. I heard those millionaires have been hurting for a while now.


That's like twice the median household income. That's just not sane.
 
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