Bush's tax cuts don’t work; rich pay record high, below the median pay record low!

[saden1]

Taxes are all psychological. You lot need to stop whining.

[FRPLG]

Originally Posted by saden1

Taxes are all psychological. You lot need to stop whining.

Huh? I am not sure what you mean. I think taxes are pretty real. I know when I get my paycheck every other Friday it says I got paid XXX but they only sent YYY to my bank because of taxes.

[saden1]

Originally Posted by FRPLG

Huh? I am not sure what you mean. I think taxes are pretty real. I know when I get my paycheck every other Friday it says I got paid XXX but they only sent YYY to my bank because of taxes.

Perhaps you need a psychological stimulus to get you to see the light?

[FRPLG]

Originally Posted by saden1

Perhaps you need a psychological stimulus to get you to see the light?

Apparently so.

[firstdown]

Originally Posted by saden1

Taxes are all psychological. You lot need to stop whining.

Well it seems pretty real each month when I have to write a check to the IRS and then one to the state to pay my taxes. I think everyone should have to pay their own taxes each month and write a check the IRS. It hits home much harder when you have to take money allready in your checking account than to have your boss just taking it out of your check.

[MTK]

Originally Posted by saden1

Taxes are all psychological. You lot need to stop whining.

Looks like this is flying over people's heads.

I'll toss out a clue.

McCain’s head games on taxes - Ari Melber - Politico.com

[BleedBurgundy]

Originally Posted by Mattyk72

Looks like this is flying over people's heads.

I'll toss out a clue.

McCain’s head games on taxes - Ari Melber - Politico.com

Ugh. That's pretty damning.

[firstdown]

Originally Posted by BleedBurgundy

Ugh. That's pretty damning.

Pretty Damning! I guess the guy did not read the WSJ article which was posted here or did very much reserch on the topic because the facts show that the rich are paying even more taxes after the Bush tax cut. I'm not sure how you find that damning unless you go with an article based on opinion or one from the WSJ which used fact to form its article.

[jsarno]

Originally Posted by firstdown

Pretty Damning! I guess the guy did not read the WSJ article which was posted here or did very much reserch on the topic because the facts show that the rich are paying even more taxes after the Bush tax cut. I'm not sure how you find that damning unless you go with an article based on opinion or one from the WSJ which used fact to form its article.

Isn't that the democratic motto?

[dmek25]

Originally Posted by jsarno

Isn't that the democratic motto?

what about John McCain first saying he doesn't know anything about economics, and then saying he never said it? or McCain saying he is all about the veterans, and then voting against funding for them? both sides play that political game. but nice try, though

[firstdown]

Originally Posted by dmek25

what about John McCain first saying he doesn't know anything about economics, and then saying he never said it? or McCain saying he is all about the veterans, and then voting against funding for them? both sides play that political game. but nice try, though

Could you please provide a link wher McCain said he did not know anything about economics. If he did say that I'm sure every comercial for Obama would have him saying that as a reason not to vote for him.

Well I see you fell for the Dems plan to add additional stuff to the Vets spending bill and thats why it was voted against. The President wanted the Vets bill as a stand alone bill and not to be tied to other spending which I believe the Dems added another 23 mill for other spending.

Here is the link to MSNBC about the Bill and the adding of 23million for other stuff.Bush to Congress: OK veterans bill - Politics - MSNBC.com

[BleedBurgundy]

Originally Posted by firstdown

Pretty Damning! I guess the guy did not read the WSJ article which was posted here or did very much reserch on the topic because the facts show that the rich are paying even more taxes after the Bush tax cut. I'm not sure how you find that damning unless you go with an article based on opinion or one from the WSJ which used fact to form its article.

When I say it's pretty damning, I'm referring to the repeated comments coming from McCain insinuating that the current economic hardships facing many American families are "just in their head." Doesn't say a lot about someone who is claiming to fix issues he doesn't seem to believe truly exist. To me, that kind of double talk is damning.

As for tax percentages and breakouts among varying income levels, that's not my area of expertise and I can't speak intelligently on it, so I won't try.

[firstdown]

Originally Posted by BleedBurgundy

When I say it's pretty damning, I'm referring to the repeated comments coming from McCain insinuating that the current economic hardships facing many American families are "just in their head." Doesn't say a lot about someone who is claiming to fix issues he doesn't seem to believe truly exist. To me, that kind of double talk is damning.

As for tax percentages and breakouts among varying income levels, that's not my area of expertise and I can't speak intelligently on it, so I won't try.

So you don't think if the news running stories over and over again saying that the economy is going south that it does not any affect on how people feel. Its an election year and the media by their own poll vote something like 80 some percent democratic so I feel their reporting will be slanted. That goes both ways but the dems have the upper hand with the media. Media Bias Basics

[BleedBurgundy]

Originally Posted by firstdown

So you don't think if the news running stories over and over again saying that the economy is going south that it does not any affect on how people feel. Its an election year and the media by their own poll vote something like 80 some percent democratic so I feel their reporting will be slanted. That goes both ways but the dems have the upper hand with the media. Media Bias Basics

To answer the bolded question, yes, I do agree that the barrage of negativity has an effect on the public's psyche. I do not believe, however, that the current downturn in the economy is a figment of our collective imagination. I don't think that the price of groceries has gone up dramatically, I know it. I don't guess that people are spending less, I see it when I'm out at a restaurant or shopping. I most definitely do not pretend that energy costs are affecting my monthly budget, I feel it.

McCain's comments bother me because they show he doesn't know/see/feel the same economic issues as the vast majority of the American populace. If he doesn't even believe these issues to exist, how can we realistically expect him to solve them?

To your final point regarding media bias, you'll get no argument from me. One thing that I learn as I get older is that there is no such thing as an unbiased opinion. Every reported "fact," whether it be from Fox, CNN or any of the other outlets has to be viewed with a jaundiced eye. But to counter the point I believe you are making, CNN talking about the sky falling affects me to the same magnitude as Fox News beating me about the face and neck with right wing "patriotic" propaganda. It is not always easy, but any reasonably intelligent person attempts to look through to the core facts, as obscured by partisan rhetoric as they may be. To suggest that this country has simply "talked" itself into a recession is pretty hard to believe.

[jsarno]

Originally Posted by Mattyk72

Looks like this is flying over people's heads.

I'll toss out a clue.

McCain’s head games on taxes - Ari Melber - Politico.com

This is a great post by Mr. Solar:

Since the lower income 50% of taxpayers pay only 3% of federal income taxes, they really don't need a tax break. And many get lots of money back with the earned income credit and additional child tax credit. Bush's tax cuts did lower rates on the top brackets. Result? The highest-income taxpayers had incentive to make more money, and they paid MORE taxes. The deficit, as a percentage of GDP, went down. And lower-income tax payers got jobs. I would love to see high-income athletes and actors pay way more tax, but a tax cut on the wealthy who create jobs (directly, or through investments) is good for everyone, even the jealous. Want out of the recession? More jobs? Better-paying jobs? Support McCain's proposal to cut the corporate income tax, which is higher than that of most other countries. Add drilling offshore and in ANWR, cut red tape (and useless government workers), and lower taxes on upper tiers, and the recession will end.