Andre Iggy, Russell Westbrook and Josh Smith get ambushed about the Bush Tax Cuts

Discussion in 'Blazers OT Forum' started by EL PRESIDENTE, Oct 1, 2010.

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  1. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    No, and I don't feel bad for the top 2% either, but 50% taxes is excessive.
     
    Denny Crane, Oct 3, 2010
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  2. julius

    julius Living on the air in Cincinnati... Staff Member Global Moderator

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    I agree it's excessive. But I think the point the host was making was a bad one, because the rate doesn't increase significantly under Obama, and the implication he's making is that it does.

    Also, the taxes that you listed, are important taxes to pay.
     
    julius, Oct 3, 2010
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  3. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    There's another way to look at it.

    From 35% to 39.6% is a 14+% tax hike.
     
    Denny Crane, Oct 3, 2010
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  4. julius

    julius Living on the air in Cincinnati... Staff Member Global Moderator

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    Isn't that being a little misleading to say it that way?

    It's not like he's paying 14% more taxes.
     
    julius, Oct 3, 2010
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  5. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    He is paying 14% more taxes.

    Using some round numbers...

    If he earned $100K and paid 35% taxes, his tax bill was $35K. At 39.6%, he pays $39.6K. he's paying an additional $4.6K, which is a 14+% increase. If his tax bill went up by $3.5K, it'd be a 10% increase.

    Make sense?
     
    Denny Crane, Oct 3, 2010
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  6. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    I should add that if congress does nothing and lets the Bush tax cuts expire, the guys in the lower tax brackets will see an even higher tax hike than 14%. The tax cuts were progressive - guys in the lower tax brackets saw their taxes cut by far more than 14%.
     
    Denny Crane, Oct 3, 2010
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  7. julius

    julius Living on the air in Cincinnati... Staff Member Global Moderator

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    14% of 100,000 is 14000.

    He's not paying 14000 more in taxes.

    That's why it's misleading.
     
    julius, Oct 3, 2010
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  8. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    You have a logic fault.

    Your example, he'd be paying an additional 14% in taxes, not a 14% increase in his taxes. See?
     
    Denny Crane, Oct 3, 2010
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  9. julius

    julius Living on the air in Cincinnati... Staff Member Global Moderator

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    Thus why it's misleading.
     
    julius, Oct 3, 2010
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  10. agoo

    agoo Member

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    I think its only misleading if you struggle with reading comprehension or basic math concepts. Not saying that you do either, but you're fighting a worthless fight here.
     
    agoo, Oct 3, 2010
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  11. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    If he paid $100,000 in taxes, he will be paying $114,000+ in taxes when the tax cuts lapse.
     
    Denny Crane, Oct 3, 2010
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  12. Natebishop3

    Natebishop3 Don't tread on me!

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    I would be much more accepting of taxes if I approved of how they were spent...
     
    Natebishop3, Oct 3, 2010
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