What percentage of Americans think the top 2% SHOULD have a tax INCREASE?
luxury cars yachts planes
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Answer
What percentage of americans are actually stupid enough to think that a tax increase on the top 2 percent will actually make their lives and this economy much better?
______________________
Twelve days ago, the luxury tax on expensive cars expired. It was the last of the luxury taxes that the first President Bush signed in 1990 as part of the budget agreement in which he broke his "read my lips, no new taxes" pledge.
The agreement was brokered Sen. George Mitchell , D-Maine , then majority leader. And the luxury tax was supported by Sen. Ted Kennedy, D-Mass.
The luxury tax applied not just to cars, but to jewelry, furs and private planes, and to expensive boats â yachts.
Not So Lucrative
Congress estimated that in 1991 these luxury taxes would rake in $31 million. But the actual sum was just $16.6 million.
Why? Because, to the surprise of no one except tax-raising politicians the luxury taxes caused people to buy less jewelry and fewer expensive cars, planes, and, especially, yachts.
The tax destroyed jobs â an estimated 25,000 of them in the boat-building industry, much of which is in New England â in Sen. Mitchell's Maine and Sen. Kennedy's Massachusetts.
Job losses cost the government more than $24 million in unemployment benefits and lost income tax revenue. So the luxury tax actually cost the government money.
New England's boat-building industry was still so devastated by 1999 that another Kennedy â Ted's son Patrick, a Rhode island congressman â actually proposed a federal subsidy to help rich people buy yachts. He called it, "exactly the opposite of a luxury tax."
Remember this costly farce when you hear talk about helping the common folks by taxing the rich.
http://abcnews.go.com/ThisWeek/story?id=132568&page=1
What percentage of americans are actually stupid enough to think that a tax increase on the top 2 percent will actually make their lives and this economy much better?
______________________
Twelve days ago, the luxury tax on expensive cars expired. It was the last of the luxury taxes that the first President Bush signed in 1990 as part of the budget agreement in which he broke his "read my lips, no new taxes" pledge.
The agreement was brokered Sen. George Mitchell , D-Maine , then majority leader. And the luxury tax was supported by Sen. Ted Kennedy, D-Mass.
The luxury tax applied not just to cars, but to jewelry, furs and private planes, and to expensive boats â yachts.
Not So Lucrative
Congress estimated that in 1991 these luxury taxes would rake in $31 million. But the actual sum was just $16.6 million.
Why? Because, to the surprise of no one except tax-raising politicians the luxury taxes caused people to buy less jewelry and fewer expensive cars, planes, and, especially, yachts.
The tax destroyed jobs â an estimated 25,000 of them in the boat-building industry, much of which is in New England â in Sen. Mitchell's Maine and Sen. Kennedy's Massachusetts.
Job losses cost the government more than $24 million in unemployment benefits and lost income tax revenue. So the luxury tax actually cost the government money.
New England's boat-building industry was still so devastated by 1999 that another Kennedy â Ted's son Patrick, a Rhode island congressman â actually proposed a federal subsidy to help rich people buy yachts. He called it, "exactly the opposite of a luxury tax."
Remember this costly farce when you hear talk about helping the common folks by taxing the rich.
http://abcnews.go.com/ThisWeek/story?id=132568&page=1
Which of the following would you be willing to do to reduce the national debt?
Leesabrat
1. Reduce military spending by eliminating funding for new planes, ships, etc.
2. Reduce military spending by closing some military bases around the world.
3. Reduce military spending by closing some military bases in the US.
4. Reduce military spending by leaving Iraq, Afghanistan and Libya in a short amount of time.
5. Increase the Social Security age.
6. Reduce the number of employees in the Social Security Administration (which would include customer service representatives that answer phones)
7. Close some national parks, forests, recreational areas, etc.
8. Decrease maintenance of federal highways and roads.
9. Decrease maintenance of federal buildings.
10. Decrease funds to states for education.
11. Decrease funds to states for Medicaid.
12. Decrease funds to states for programs such as Section 8, WIC, and TANF.
13. Increase the tax rate on net incomes over $1Million.
14. Increase the tax rate on net incomes over $250K.
15. Increase taxes on everyone equally.
16. Increase luxury taxes on expensive cars, yachts, and jets.
17. Increase taxes on tobacco products.
18. Increase taxes on gasoline.
19. Institute taxes on foods that are not nutritions.
20. Eliminate subsides allowed for companies making extraordinary profits.
21. Eliminate corn subsidies.
22. Name your cut or tax!
Answer
close all military bases located in other countries.
Get real universal healthcare, despite what repubs tell you, it would actually save money
close all loopholes in the tax code
get taxes back to Clinton era rates.
Tax breaks for business only go when they hire people in the states. The moment they lay off people just to open an office in another country they lose the tax breaks
No more oil company welfare.
Do all that and you will have a surplus
close all military bases located in other countries.
Get real universal healthcare, despite what repubs tell you, it would actually save money
close all loopholes in the tax code
get taxes back to Clinton era rates.
Tax breaks for business only go when they hire people in the states. The moment they lay off people just to open an office in another country they lose the tax breaks
No more oil company welfare.
Do all that and you will have a surplus
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