WSJ: Obamas 95% Illusion - GoFuckYourself.com

IllTestYourGirls · 10-15-2008, 12:27 PM

http://online.wsj.com/article/SB122385651698727257.html

Redistribution of wealth

pigman · 10-15-2008, 12:44 PM

The article confuse me.

TheDoc · 10-15-2008, 12:48 PM

"All but the clean car credit would be "refundable," which is Washington-speak for the fact that you can receive these checks even if you have no income-tax liability."

Seriously? How 'open of a theory' is that statement? They are trying to say, every American that never went to school/has no school loans will get a tax credit? You have no kids, but you get a credit?

People without a mortgage, that don't file (some how the irs knows their address) and they will get a check back?

Thank god that article is filed under: Opinion Journal forum.

megatgpdotnet · 10-15-2008, 12:55 PM

Yay, another insignificant polithread :D

tony286 · 10-15-2008, 01:14 PM

you mean fox news in print?

Axeman · 10-15-2008, 01:29 PM

He's trying to play Robin Hood. Take from the rich and give directly to the poor.

tiger · 10-15-2008, 01:53 PM

Funny that no one ever understands that inflation is a hidden tax. Politicians cut your taxes then devalue your dollar and you think you just had your taxes lowered when in reality your dollar is worth so much less that really you would have been better off just paying more in taxes.

Axeman · 10-15-2008, 04:15 PM

Quote:

Originally Posted by tiger

Funny that no one ever understands that inflation is a hidden tax. Politicians cut your taxes then devalue your dollar and you think you just had your taxes lowered when in reality your dollar is worth so much less that really you would have been better off just paying more in taxes.

I agree inflation doesn't get talked about enough. I was particularly curious during the rapid rate cuts over the past year forcing the value of the dollar down.

Young · 10-15-2008, 05:03 PM

Quote:

Originally Posted by pigman

The article confuse me.

That's the point of the Rupert Murdoch run smear machine.

That article has been debunked far and wide across the progressive internet.

xmas13 · 10-15-2008, 05:11 PM

"The fact that high earners pay the vast majority of all federal taxes will come as a surprise to most Americans, who believe the middle class bears the tax burden while the rich get off scot free. A 2007 Gallup poll found that 66% of Americans believe upper-income people pay too little federal income taxes."

Axeman · 10-15-2008, 05:16 PM

taxing the rich higher is one thing, but giving that money directly to lower income people via refundable tax credits is welfare.

10-15-2008, 12:27 PM	#1
IllTestYourGirls Ah My Balls Industry Role: Join Date: Feb 2007 Location: Under the gold leaf ICQ 388-454-421 Posts: 14,311	WSJ: Obamas 95% Illusion http://online.wsj.com/article/SB122385651698727257.html Redistribution of wealth __________________ Last edited by IllTestYourGirls; 10-15-2008 at 12:28 PM..

10-15-2008, 12:48 PM	#3
TheDoc Too lazy to set a custom title Industry Role: Join Date: Jul 2001 Location: Currently Incognito Posts: 13,827	"All but the clean car credit would be "refundable," which is Washington-speak for the fact that you can receive these checks even if you have no income-tax liability." Seriously? How 'open of a theory' is that statement? They are trying to say, every American that never went to school/has no school loans will get a tax credit? You have no kids, but you get a credit? People without a mortgage, that don't file (some how the irs knows their address) and they will get a check back? Thank god that article is filed under: Opinion Journal forum. __________________ ~TheDoc - ICQ7765825 It's all disambiguation

10-15-2008, 12:55 PM	#4
megatgpdotnet Confirmed User Join Date: Jun 2004 Location: EU Posts: 1,296	Yay, another insignificant polithread :D __________________ ICQ: 343 896 902 \| Traffic: Buy and Sell \| My top sponsors: Dating (1:26 fs) \| Webcams (20% lifetime) \| $25 / free signup \| Paysites (trials, crossells, alternative billing) \| Other Stuff .com domains $7.99 \| Dreamhost promo codes \| Cheap quality content \| Embed Tube Script Toplists: 1 \| 2

10-15-2008, 01:53 PM	#7
tiger Confirmed User Industry Role: Join Date: Apr 2002 Location: Los Angeles Posts: 6,986	Funny that no one ever understands that inflation is a hidden tax. Politicians cut your taxes then devalue your dollar and you think you just had your taxes lowered when in reality your dollar is worth so much less that really you would have been better off just paying more in taxes. __________________

10-15-2008, 05:11 PM	#10
xmas13 Confirmed User Join Date: Dec 2004 Location: GFY Posts: 5,176	"The fact that high earners pay the vast majority of all federal taxes will come as a surprise to most Americans, who believe the middle class bears the tax burden while the rich get off scot free. A 2007 Gallup poll found that 66% of Americans believe upper-income people pay too little federal income taxes." __________________ ICQ 557504926

10-15-2008, 12:44 PM	#2
pigman Confirmed User Join Date: Aug 2006 Posts: 760	The article confuse me.

10-15-2008, 01:14 PM	#5
tony286 lurker Industry Role: Join Date: Aug 2002 Location: atlanta Posts: 57,021	you mean fox news in print?

10-15-2008, 01:29 PM	#6
Axeman Confirmed User Join Date: Feb 2004 Location: Swamp Posts: 5,201	He's trying to play Robin Hood. Take from the rich and give directly to the poor.

10-15-2008, 05:16 PM	#11
Axeman Confirmed User Join Date: Feb 2004 Location: Swamp Posts: 5,201	taxing the rich higher is one thing, but giving that money directly to lower income people via refundable tax credits is welfare.