Author Topic: Big 4 accounting firm says obama tax proposal could cost 700,000 jobs  (Read 10351 times)

howardroark

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Re: Big 4 accounting firm says obama tax proposal could cost 700,000 jobs
« Reply #25 on: July 24, 2012, 05:48:11 AM »
Read the whole article. It's hilarious. The Democrat response: "WWWAAAAHHH this was funded by Republicans! WWWAAAHHH this report's methodology is biased!!! (how?) WAAAAHHH the rich need to contribute more to deficit reduction!!!!! (don't they already?)"

Soul Crusher

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Re: Big 4 accounting firm says obama tax proposal could cost 700,000 jobs
« Reply #26 on: July 24, 2012, 06:14:10 AM »
Read the whole article. It's hilarious. The Democrat response: "WWWAAAAHHH this was funded by Republicans! WWWAAAHHH this report's methodology is biased!!! (how?) WAAAAHHH the rich need to contribute more to deficit reduction!!!!! (don't they already?)"

Notice obamas shell game - he says the rich should pay more so we can "invest" more.    He has zero plans to reduce the debt or deficit. 

andreisdaman

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Re: Big 4 accounting firm says obama tax proposal could cost 700,000 jobs
« Reply #27 on: July 24, 2012, 06:18:14 AM »
Read the whole article. It's hilarious. The Democrat response: "WWWAAAAHHH this was funded by Republicans! WWWAAAHHH this report's methodology is biased!!! (how?) WAAAAHHH the rich need to contribute more to deficit reduction!!!!! (don't they already?)"

uuuuhhhhh.......NO.

Soul Crusher

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whork

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howardroark

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Re: Big 4 accounting firm says obama tax proposal could cost 700,000 jobs
« Reply #30 on: July 24, 2012, 07:17:08 AM »
uuuuhhhhh.......NO.

ERRR WRONG: http://www.usatoday.com/money/perfi/taxes/story/2011-09-20/buffett-tax-millionaires/50480226/1

The 10% of households with the highest incomes pay more than half of all federal taxes. They pay more than 70% of federal income taxes, according to the Congressional Budget Office.

whork

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Re: Big 4 accounting firm says obama tax proposal could cost 700,000 jobs
« Reply #31 on: July 24, 2012, 07:20:33 AM »
ERRR WRONG: http://www.usatoday.com/money/perfi/taxes/story/2011-09-20/buffett-tax-millionaires/50480226/1

The 10% of households with the highest incomes pay more than half of all federal taxes. They pay more than 70% of federal income taxes, according to the Congressional Budget Office.



You need the whole truth:


A number of studies by the US Department of Commerce, Congressional Budget Office (CBO), and Internal Revenue Service, have found that the distribution of income in the United States — most commonly measured by household or individual — has become increasingly unequal since the 1970s.

One of the most recent and comprehensive studies on the change in income inequality in America was a 2011 study by the Congressional Budget Office (CBO) -- "Trends in the Distribution of Household Income Between 1979 and 2007". (It chose those two years because they both preceded an economic recession and so both were periods of "similar overall economic activity"[43]). The report found that real household income after federal taxes and including government transfers (payments from Social Security, unemployment insurance, etc.[44][45]) grew by 62%.

However, income of households in the top 1 percent of earners grew by 275%, compared to 65% for the next 19 percent, just under 40% for the next 60 percent, 18% for the bottom fifth of households. "As a result of that uneven income growth," the report noted, "the share of total after-tax income received by the 1 percent of the population in households with the highest income more than doubled between 1979 and 2007, whereas the share received by low- and middle-income households declined … The share of income received by the top 1 percent grew from about 8% in 1979 to over 17% in 2007. The share received by the other 19 percent of households in the highest income quintile (one-fifth of the population as divided by income) was fairly flat over the same period, edging up from 35% to 36%." [46]





http://en.wikipedia.org/wiki/Income_inequality_in_the_United_States

andreisdaman

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Re: Big 4 accounting firm says obama tax proposal could cost 700,000 jobs
« Reply #32 on: July 24, 2012, 07:22:51 AM »
ERRR WRONG: http://www.usatoday.com/money/perfi/taxes/story/2011-09-20/buffett-tax-millionaires/50480226/1

The 10% of households with the highest incomes pay more than half of all federal taxes. They pay more than 70% of federal income taxes, according to the Congressional Budget Office.

As well it should be..I see nothing wrong with that...I also agree that the poor have to pay more as well..no one should get a free ride...we are all supposed to be in this together

andreisdaman

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Re: Big 4 accounting firm says obama tax proposal could cost 700,000 jobs
« Reply #33 on: July 24, 2012, 07:23:54 AM »


You need the whole truth:


A number of studies by the US Department of Commerce, Congressional Budget Office (CBO), and Internal Revenue Service, have found that the distribution of income in the United States — most commonly measured by household or individual — has become increasingly unequal since the 1970s.

One of the most recent and comprehensive studies on the change in income inequality in America was a 2011 study by the Congressional Budget Office (CBO) -- "Trends in the Distribution of Household Income Between 1979 and 2007". (It chose those two years because they both preceded an economic recession and so both were periods of "similar overall economic activity"[43]). The report found that real household income after federal taxes and including government transfers (payments from Social Security, unemployment insurance, etc.[44][45]) grew by 62%.

However, income of households in the top 1 percent of earners grew by 275%, compared to 65% for the next 19 percent, just under 40% for the next 60 percent, 18% for the bottom fifth of households. "As a result of that uneven income growth," the report noted, "the share of total after-tax income received by the 1 percent of the population in households with the highest income more than doubled between 1979 and 2007, whereas the share received by low- and middle-income households declined … The share of income received by the top 1 percent grew from about 8% in 1979 to over 17% in 2007. The share received by the other 19 percent of households in the highest income quintile (one-fifth of the population as divided by income) was fairly flat over the same period, edging up from 35% to 36%." [46]





http://en.wikipedia.org/wiki/Income_inequality_in_the_United_States

nice post

howardroark

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Re: Big 4 accounting firm says obama tax proposal could cost 700,000 jobs
« Reply #34 on: July 24, 2012, 12:50:59 PM »


You need the whole truth:


A number of studies by the US Department of Commerce, Congressional Budget Office (CBO), and Internal Revenue Service, have found that the distribution of income in the United States — most commonly measured by household or individual — has become increasingly unequal since the 1970s.

One of the most recent and comprehensive studies on the change in income inequality in America was a 2011 study by the Congressional Budget Office (CBO) -- "Trends in the Distribution of Household Income Between 1979 and 2007". (It chose those two years because they both preceded an economic recession and so both were periods of "similar overall economic activity"[43]). The report found that real household income after federal taxes and including government transfers (payments from Social Security, unemployment insurance, etc.[44][45]) grew by 62%.

However, income of households in the top 1 percent of earners grew by 275%, compared to 65% for the next 19 percent, just under 40% for the next 60 percent, 18% for the bottom fifth of households. "As a result of that uneven income growth," the report noted, "the share of total after-tax income received by the 1 percent of the population in households with the highest income more than doubled between 1979 and 2007, whereas the share received by low- and middle-income households declined … The share of income received by the top 1 percent grew from about 8% in 1979 to over 17% in 2007. The share received by the other 19 percent of households in the highest income quintile (one-fifth of the population as divided by income) was fairly flat over the same period, edging up from 35% to 36%." [46]





http://en.wikipedia.org/wiki/Income_inequality_in_the_United_States

So?

howardroark

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Re: Big 4 accounting firm says obama tax proposal could cost 700,000 jobs
« Reply #35 on: July 24, 2012, 12:53:17 PM »
As well it should be..I see nothing wrong with that...I also agree that the poor have to pay more as well..no one should get a free ride...we are all supposed to be in this together

So your belief that the rich don't pay their fair share is wrong.

Total government spending has risen from $3.7 trillion in 2002 to $6.3 trillion in 2012 without any increase in the quality of government services. To claim that anyone should be paying more is pure nonsense.

Soul Crusher

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Re: Big 4 accounting firm says obama tax proposal could cost 700,000 jobs
« Reply #36 on: July 24, 2012, 12:54:24 PM »
So your belief that the rich don't pay their fair share is wrong.

Total government spending has risen from $3.7 trillion in 2002 to $6.3 trillion in 2012 without any increase in the quality of government services. To claim that anyone should be paying more is pure nonsense.

Howard - these are communists you are dealing with. 

Whenever one points out that a heavy progressive income tax is part of the communist manifesto, they simply shrug it off. 

tonymctones

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Re: Big 4 accounting firm says obama tax proposal could cost 700,000 jobs
« Reply #37 on: July 24, 2012, 08:19:04 PM »
Bump for the issues everyone are so fond of ;)

one of the most respected accounting/consulting firms in the world says obamas plan could cost 700k jobs.

who needs outsourcing when we have a president advocating this?

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Re: Big 4 accounting firm says obama tax proposal could cost 700,000 jobs
« Reply #38 on: July 24, 2012, 08:35:51 PM »
they're all funded by billionaires.  i read that 42 billionaires have donated to Romney, and 30 billionaires have donated to obama.

andreisdaman

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Re: Big 4 accounting firm says obama tax proposal could cost 700,000 jobs
« Reply #39 on: July 24, 2012, 09:35:25 PM »
So your belief that the rich don't pay their fair share is wrong.

Total government spending has risen from $3.7 trillion in 2002 to $6.3 trillion in 2012 without any increase in the quality of government services. To claim that anyone should be paying more is pure nonsense.

First of all I respect the rich just as I do the poor...no one wants to see anyone get soaked, but believe me the rich have gotten so much richer over the past few years they can afford it easily....and traditionally anytime the gov't is broke it has gotten income from the rich and corporations.....you take money from where you can get it....but again the poor have to pay as well....

the rich have done a wonderful job of brainwashing people like you into believing that they are paying too much......they say they create jobs and this and that...so what???....they create jobs so that THEY CAN GET RICH.....they benefit as well as the public

andreisdaman

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Re: Big 4 accounting firm says obama tax proposal could cost 700,000 jobs
« Reply #40 on: July 24, 2012, 09:36:24 PM »
Howard - these are communists you are dealing with. 

Whenever one points out that a heavy progressive income tax is part of the communist manifesto, they simply shrug it off. 

dude ..are you 60 years old>>>???..no one uses the word "communist" anymore......get a grip..you're living in the past

tonymctones

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Re: Big 4 accounting firm says obama tax proposal could cost 700,000 jobs
« Reply #41 on: July 25, 2012, 08:37:38 PM »
Andre so let me get this straight, you would still want to see taxes raised even if it meant losing 700k jobs?

andreisdaman

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Re: Big 4 accounting firm says obama tax proposal could cost 700,000 jobs
« Reply #42 on: July 25, 2012, 10:24:36 PM »
Andre so let me get this straight, you would still want to see taxes raised even if it meant losing 700k jobs?

Yes...because we are headed down the wrong path and we have to right the ship as soon as possible,.......those 700,000 jobs mean nothing if we continue to go deeper in the whole...we have to close loopholes, raise taxes, reform the tax code, and get much more revenue into the federal coffers to right this deficit we have...also entitlements must be shrunk and fed spending has to be cut or frozen

howardroark

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Re: Big 4 accounting firm says obama tax proposal could cost 700,000 jobs
« Reply #43 on: July 26, 2012, 08:11:20 AM »
First of all I respect the rich just as I do the poor...no one wants to see anyone get soaked, but believe me the rich have gotten so much richer over the past few years they can afford it easily....and traditionally anytime the gov't is broke it has gotten income from the rich and corporations.....you take money from where you can get it....but again the poor have to pay as well....

the rich have done a wonderful job of brainwashing people like you into believing that they are paying too much......they say they create jobs and this and that...so what???....they create jobs so that THEY CAN GET RICH.....they benefit as well as the public

You hit the nail on the head: the wealthy got that way by doing things that benefit the public. And yet you want to punish the productive activity that provides society with houses, cars, computers, and all of the other amenities of modern life. In effect, you are purposefully advocating for reducing the overall welfare of society in order to bring on more equality. That is truly despicable.

Soul Crusher

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Re: Big 4 accounting firm says obama tax proposal could cost 700,000 jobs
« Reply #44 on: July 26, 2012, 08:13:05 AM »
You hit the nail on the head: the wealthy got that way by doing things that benefit the public. And yet you want to punish the productive activity that provides society with houses, cars, computers, and all of the other amenities of modern life. In effect, you are purposefully advocating for reducing the overall welfare of society in order to bring on more equality. That is truly despicable.

Like I said - these are communists at heart. 

howardroark

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Re: Big 4 accounting firm says obama tax proposal could cost 700,000 jobs
« Reply #45 on: July 26, 2012, 08:15:50 AM »
Yes...because we are headed down the wrong path and we have to right the ship as soon as possible,.......those 700,000 jobs mean nothing if we continue to go deeper in the whole...we have to close loopholes, raise taxes, reform the tax code, and get much more revenue into the federal coffers to right this deficit we have...also entitlements must be shrunk and fed spending has to be cut or frozen

First of all, your approach of increasing spending and raising taxes during weak economic times has been tried... by Hoover and FDR - and it created a 15 year depression.

Secondly, I repeat this factoid:
Quote from: howardroark
Total government spending has risen from $3.7 trillion in 2002 to $6.3 trillion in 2012 without any increase in the quality of government services.

It's time to cut spending, shrink government, and return the people their stolen money.

howardroark

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Re: Big 4 accounting firm says obama tax proposal could cost 700,000 jobs
« Reply #46 on: July 26, 2012, 08:16:35 AM »
Like I said - these are communists at heart. 

Yup. Brainwashed by years of indoctrination in government schools. Scary.

whork

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Re: Big 4 accounting firm says obama tax proposal could cost 700,000 jobs
« Reply #47 on: July 26, 2012, 09:33:58 AM »
Yup. Brainwashed by years of indoctrination in government schools. Scary.

Brainwashed by years of watching FOX and neo-con media. Scary indeed.

howardroark

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Re: Big 4 accounting firm says obama tax proposal could cost 700,000 jobs
« Reply #48 on: July 26, 2012, 12:41:56 PM »
Brainwashed by years of watching FOX and neo-con media. Scary indeed.

More like years of keeping the TV and radio shut off and reading economics and political philosophy.

Now answer me - why raise taxes when your approach of increasing spending and raising taxes has failed (see: Great Depression, Japan's Lost Decade, the current Great Recession) while the alternative approach of slashing spending, cutting taxes, and allowing the money supply to shrink has worked (see: the Depression of 1920)?

tonymctones

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Re: Big 4 accounting firm says obama tax proposal could cost 700,000 jobs
« Reply #49 on: July 26, 2012, 07:38:10 PM »
Yes...because we are headed down the wrong path and we have to right the ship as soon as possible,.......those 700,000 jobs mean nothing if we continue to go deeper in the whole...we have to close loopholes, raise taxes, reform the tax code, and get much more revenue into the federal coffers to right this deficit we have...also entitlements must be shrunk and fed spending has to be cut or frozen
the proposed tax raises would only fund the govt for a few weeks.

even if we took all the rich made we would still be in debt.

We need to cut spending much much much more than we need to raise taxes.

lets get the spending under control first and then worry about trying to take money away from ppl who have earned it

doesnt that sound like a good plan andre?