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The President Was Wrong To Do This

Posted: Apr 18, 2011

http://www.huffingtonpost.com/2011/04/18/tax-cuts-rich_n_848933.html

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And the other side of the tax story...50% - of households will pay

[ In Reply To ..]
NO taxes...while the top 1% of earners will pay a whopping 73%. And they say only the rich know how to game the system!!

Unfortunately he had to work with the Republican-controlled House - Electing the Republicans was a mistake

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"As part of a law passed late last year, the Bush-era tax cuts for the richest Americans were extended for two years. The estimated cost to the government of that portion of the tax deal, $42 billion this fiscal year, exceeds the stated $38 billion value of the savings from the federal budget cuts lawmakers approved last week."

Read the article posted above that states - as result of Obama

[ In Reply To ..]
putting in cuts for middle and lower income people plus adding credits and tax breaks, 50% of all households in America won't pay any tax this year and will probably get some back. THAT is where your revenue took a hit. That will make the upper 1% pay about 73% of all taxes that were paid in paid by the wealthiest. Still think they don't pay their share? And the rest of us who don't qualify as low income get to pick up the other 30% for those folks who paid nothing. Obama fixed it so a family of 4 making $50,000 didn't have to pay a dime.

You really need to open your eyes and quit buying into it's all the rich peoples' fault. Much of the blame lies on the gimmes. In other words, much as you would like to blame it on the Republicans, it is not all on them.

Perhaps YOU should read more carefully - sm

[ In Reply To ..]
About 47 percent will pay no federal income taxes at all for 2009. Either their incomes were too low, or they qualified for enough credits, deductions and exemptions to eliminate their liability. That's according to projections by the Tax Policy Center, a Washington research organization.

KEY WORD: PROJECTIONS. Research this organization to see who is behind it and what their objective is.

The links posted here rarely come from a CREDIBLE source. I see a lot of posts using someone's blog, some talking head's opinion or PROJECTIONS from a source with a hidden agenda (usually right-leaning) trying to back up whatever point the poster is attempting to make.

Yahoo Finance is not a blog. Perhaps before - you start the condescending

[ In Reply To ..]
YOU should do more research. Projections were also made by the Deloitte Consulting Firm. Not just the tax policy Center. I did research it. They call themselves independent and my research did not prove otherwise, unlike Annenberg, who is quoted ad nauseam by the left on this board.

BY the way, the tax policy center figures come from the IRS...you know, run by Timothy Geithner, Obama's tax cheat treasury secretary. If the IRS is credible, the Tax Policy Center figures are credible.

This article was written by Stephen Olbermacher of the AP. Since when is the Associated Press a bastion of conservatism?

Here we go with the Hillary vast right wing conspiracy it's all their fault nonsense that helps NOTHING.

I would say nice attempt at deflection but it was a pitiful one.

You have a nice day now.

Yahoo Finance is a search engine that results in - garbage in, garbage out

[ In Reply To ..]
Just like with your posts, I disregard the opinionated, misinformation, slanted, skewed articles that may come up.

You continue to embarrass yourself. - However, I am sure

[ In Reply To ..]
you are extremely familiar with garbage in garbage out. Talk about the pot calling the kettle black...like you are not opinionted, misinforming, slanted, and skewed. LOL, priceless.

Hey Pot, glad you admit it. - Not Kettle nm

[ In Reply To ..]

Nice try, but no cigar. No Bill pun intended. - You can dish it out

[ In Reply To ..]
but you can't take it. You should educate yourself on the difference between search engines and web pages, however.

Hurry, do a google "search" and go the the Hffington post "web page" and try to find a cutesy comeback.

sigh.

More mangled math copied from - bogus blogs

[ In Reply To ..]
.

Yahoo Finance is not a bogus blog. You should - read before you jump

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on the bash wagon. Oh wait...what do you care about the truth? How silly of me.

Gee, maybe I'm reading this wrong, but at the top - Backwards Typist

[ In Reply To ..]
is the name of the person who wrote this article and it's under "blog".

Huffington Post is and was a blog all by itself until Yahoo bought them out, but they're still a blog, not true Yahoo Finance.

Financial News this morning was saying normal middle class families bear the brunt of paying taxes - Middle Class Pays Highest %

[ In Reply To ..]
What we do pay makes more of a difference too, because it comes out of money that we would otherwise spend on necessities. The wealthy pay a larger number amount, but it doesn't mean that they eat less, pay less for a car, buy fewer homes and vacation homes, and they don't have to cut back at all. That's why the middle class bear the brunt of taxes, and that needs to be changed.

Socialism does not work....and envy is - not an attractive trait.

[ In Reply To ..]
could you be more specific than Financial News, please and thanks?

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