• Americans alright with letting Bush tax cuts expire
    15 replies, posted
[url=http://www.gallup.com/poll/142940/Americans-Allowing-Tax-Cuts-Wealthy-Expire.aspx?utm_source=alert&utm_medium=email&utm_campaign=syndication&utm_]Gallup[/url] [release]PRINCETON, NJ -- A majority of Americans favor letting the tax cuts enacted during the Bush administration expire for the wealthy. While 37% support keeping the tax cuts for all Americans, 44% want them extended only for those making less than $250,000 and 15% think they should expire for all taxpayers. Views on the Tax Cuts Enacted During the Bush Administration, August 2010 [img]http://sas-origin.onstreammedia.com/origin/gallupinc/GallupSpaces/Production/Cms/POLL/rpluwkj05u-vgbbnf8oidq.gif[/img] These results are based on an Aug. 27-30 USA Today/Gallup poll. The fate of the 2001 and 2003 federal income tax cuts that were a centerpiece of Bush administration policy could be a significant campaign issue this fall. The tax cuts are set to expire after this year unless Congress votes to extend them. Congress plans to take up the issue next week when it returns to session. It appears as though Congress, like the American public, broadly agrees that the tax cuts should be extended for American families earning less than $250,000. The debate Congress will have this fall will be over whether to extend the tax cuts for wealthier Americans. Most Republicans and some Democrats in Congress are thought to favor extending them for wealthier Americans. President Obama said Wednesday that he is opposed to any plan that would extend the tax cuts for wealthier Americans. The president's views on ending the tax cuts for wealthy Americans are in line with the views of the majority of rank-and-file Democrats. Meanwhile, the majority of Republicans want the tax cuts extended for all taxpayers, regardless of their income level. Independents' views fall between those of the two groups, but a majority (56%) would seem to endorse the idea of not extending tax cuts for higher-income Americans, whether or not they want them extended for middle- and lower-income Americans. Views on the Tax Cuts Enacted During the Bush Administration, by Political Party Affiliation, August 2010 [img]http://sas-origin.onstreammedia.com/origin/gallupinc/GallupSpaces/Production/Cms/POLL/uca8qkn-hk6yhnhv_cvora.gif[/img] Bottom Line With about one in three Americans, including a minority of independents and Democrats, in favor of extending the Bush-era tax cuts for all taxpayers, Democrats may not be putting themselves at great political risk by allowing the tax cuts to expire for wealthy Americans. In fact, the middle ground of extending tax cuts for low- and middle-income Americans but allowing them to expire for wealthy Americans -- the Democrats' most likely proposal -- is the specific option the public prefers most. Gallup has typically found Americans unsympathetic to the argument that upper-income Americans are overtaxed. They generally believe upper-income Americans pay too little in taxes and favor higher taxes on wealthy Americans as a means to fund government programs, such as Social Security.[/release]
I would rather pay a little more each year and get out of the massive debt.
[QUOTE=acidcj;24746826]I would rather pay a little more each year and get out of the massive debt.[/QUOTE] This, though I wish the US had a party with getting out of debt somewhere, anywhere, on the agenda.
im totally down with the 44% [editline]12:40AM[/editline] [QUOTE=Bepo5;24746870]This, though I wish the US had a party with getting out of debt somewhere, anywhere, on the agenda.[/QUOTE] getting out of debt is dandy and all, but if you tax the poor and middle class more, they wont have as much money to stimulate the economy with.
[QUOTE=Kybalt;24746885]getting out of debt is dandy and all, but if you tax the poor and middle class more, they wont have as much money to stimulate the economy with.[/QUOTE] If they'd just tax the fuck out of the top 5% or something they could CUT taxes for the middle and lower class and still likely produce a surplus Over $250,000 - slight tax increase Over $1,000,000 - significant tax increase Between $250,000 and $100,000 - no change or slight tax decrease Under $100,000 - significant tax decrease
I'm with the 44%, it's not like having slightly higher taxes is gonna harm the rich.
[QUOTE=ZekeTwo;24746921]If they'd just tax the fuck out of the top 5% or something they could CUT taxes for the middle and lower class and still likely produce a surplus Over $250,000 - slight tax increase Over $1,000,000 - significant tax increase Between $250,000 and $100,000 - no change or slight tax decrease Under $100,000 - significant tax decrease[/QUOTE] you have the 250k followed by 1000k and then between 250k and 100k. its fucking with my ocd man.
[QUOTE=Kybalt;24746996]you have the 250k followed by 1000k and then between 250k and 100k. its fucking with my ocd man.[/QUOTE] I did the increases first then the decreases. Your OCD is fine now.
Title's kind of misleading, was expecting a shitstorm.
We must tax everyone but the rich so I can inflate my wallet. Muhahahahaha.
[QUOTE=ZekeTwo;24746921]If they'd just tax the fuck out of the top 5% or something they could CUT taxes for the middle and lower class and still likely produce a surplus Over $250,000 - slight tax increase Over $1,000,000 - significant tax increase Between $250,000 and $100,000 - no change or slight tax decrease Under $100,000 - significant tax decrease[/QUOTE] Then the richest usually emigrate to somewhere less expensive or find some ways to transfer their assets so they don't get taxed over them.
[QUOTE=DarkWolf2;24748454]Then the richest usually emigrate to somewhere less expensive or find some ways to transfer their assets so they don't get taxed over them.[/QUOTE] So tax the poor more is your solution?
[QUOTE=HumanAbyss;24748644]So tax the poor more is your solution?[/QUOTE] Way to completely misinterpret what he said.
[QUOTE=DarkWolf2;24748454]Then the richest usually emigrate to somewhere less expensive or find some ways to transfer their assets so they don't get taxed over them.[/QUOTE] Right, because everyone rich is just going to move out :pseudo:
[QUOTE=Luxo;24748685]Way to completely misinterpret what he said.[/QUOTE] Well he's saying you can't tax the rich cause they'd just up and leave(which they wouldn't), so what's his solution? Taxing the rich is the only way, they won't even notice.
[QUOTE=HumanAbyss;24748810]Well he's saying you can't tax the rich cause they'd just up and leave(which they wouldn't), so what's his solution? Taxing the rich is the only way, they won't even notice.[/QUOTE] They do actually. If there are enough push factors at their current location such as high taxes and no urgent need to stay and enough pull factors in a different country, like very low tax and special arrangements for the richer folk. Other countries would love to have an influx of the more wealthy people. After all, even if they paid a lowered tax it's still a significant income for some governments. And in a sense they do notice any tax increase. Just a 0.5% increase could mean tens of thousands of dollars being carried away. Even more so for very wealthy persons. I'm not saying it's right, but any government should (and is) aware that taxing the rich too much will scare them away and inhibits new wealthy individuals to come to their country.
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