Bush's tax breaks benefit...BUSH!

[kmack]

Bush's Big Break: The massive tax breaks that President Bush pushed into law during his first term did more than create record federal deficits -- they also cut the president's own taxes. According to the think tank Citizens for Tax Justice, the tax breaks reduced Bush's federal taxes on the return he filed in April by $28,846 -- shaving twelve percent off what he and Laura owed on $784,210 of income. Dick and Lynne Cheney fared even better, cutting their taxes by $81,336 on income of $1.7 million. Together, the tax breaks received by Bush and Cheney would have provided the U.S. Treasury with enough money to enroll fifteen kids in Head Start or equip 100 soldiers with body armor.

source

100 soldiers outfitted with body armor would be nice.

 

[Direwolf]

Oh come on now, this is getting ridiculous. Because he issued a tax-cut, that (gasp) cut taxes, theres a problem? I can understand having issues with the idea of a taxcut, but this just looks like schoolyard idiocy.

 

[kmack]

Oh come on now, this is getting ridiculous. Because he issued a tax-cut, that (gasp) cut taxes, theres a problem? I can understand having issues with the idea of a taxcut, but this just looks like schoolyard idiocy.

lol, im not mad about it, i know that when we get cuts, so do the rich, but i just thought that the body armor statistic was a little interesting.

 

[Direwolf]

Yeah, but if I'm gonna be annoyed its going to be at the people/companies who cheated on their taxes to get out of paying amounts that would make that look like peanuts. Lets face it, a measly $30,000 probably would have bought someone a toothbrush.

 

[kmack]

Yeah, but if I'm gonna be annoyed its going to be at the people/companies who cheated on their taxes to get out of paying amounts that would make that look like peanuts. Lets face it, a measly $30,000 probably would have bought someone a toothbrush.

actually combined with cheneys $80,000 we would have 100 more US soldiers wearing body armor (oh and the body armor the marines are using is being recalled, maybe if we didnt have to go with the bargain brand....)

 

[Direwolf]

I'd say the body-armor problem is a totally seperate one. Do you really think that the Defense Department has been short on cash? The problem with the armor is one of botched policies and bad decisions, not a shortage of green. (I can't recall the statistic off the top of my head, but the military has access to an ungodly amount of money.)

 

[jondy]

I'd say the body-armor problem is a totally seperate one. Do you really think that the Defense Department has been short on cash? The problem with the armor is one of botched policies and bad decisions, not a shortage of green. (I can't recall the statistic off the top of my head, but the military has access to an ungodly amount of money.)

Absolutely. Kmack, by concentrating on this issue you can't see the wood for the trees

 

[Direwolf]

Yeah, I'm not doubting that the military has shortages, but its fairly obvious that its mostly due to misallocated spending. Of course, the military also wasn't aware a until a few years ago that it could be drawn into such a large conflict, so its understandable.

 

[PickledGecko]

well then anyone could topple us in weeks maybe months.

Interesting. I've always fancied my and Nixon's face on Mount Rushmore.

 

[Direwolf]

I wouldn't say we were under-prepared for what we thought we were getting into, rather that the military didn't correctly anticipate just how many people were going to need the darned things. I think a large part of the problem is that most people seem to have just assumed that absolutely everyone in the US army was outfitted with a vest, when it wasn't at all true.

 

[Gray Fox]

source

100 soldiers outfitted with body armor would be nice.

Well doh, why did you think he made those taxcuts.

 

[jondy]

Well doh, why did you think he made those taxcuts.

*jondy's head explodes*

 

[NotGonnaDoIt]

Did you all know that the top 20% of the highest earners in America pay 80% of America's income taxes?

Did you all know that the top 50% of the highest earners in America pay 99.4% of America's income taxes?

Did you also know that even with the Bush tax cuts "for the rich" that the top 20% of earners in America paid more in income taxes than they did under Clinton?

Did you also know that the lowest 40% of earners in America got more back from refunds under Bush than they did under clinton?

It is all from the CBO (Congressional Budget office)

 

[Gray Fox]

Did you all know that the top 20% of the highest earners in America pay 80% of America's income taxes?

Did you all know that the top 50% of the highest earners in America pay 96% of America's income taxes?

Did you also know that even with the Bush tax cuts "for the rich" that the top 20% of earners in America paid more in income taxes than they did under Clinton?

Did you also know that the lowest 40% of earners in America got more back from refunds under Bush than they did under clinton?

It is all from the CBO (Congressional Budget office)

I can't seem to find it, give more direct links please.

 

[NotGonnaDoIt]

I can't seem to find it, give more direct links please.

As you wish.

This is a link to the CBO page that lists statistics about Effective Federal Tax Rates Under Current Law, 2001 to 2014. Download Report.pdf and I can show you where to lok for that information.

First, see, on page 18 of the pdf file, Table 3, Effective Federal Tax Rates and Shares Under 2000 Tax Law, Based on 2001 Incomes, by Income Category, 2001 to 2014.

Then see on that table, the subsection Share of Individual Income Tax Liabilities. Note the Highest quintile for 2001: 79.5%


Next, see, on page 17 of the pdf file, Table 2(continued), Effective Federal Tax Rates and Shares Under Current Tax Law, Based on 2001
Incomes, by Income Category, 2001 to 2014.

Then see, on that page, the subsection Share of Individual Income Tax Liabilities, Highest Quintile: 82.5%


Also, I revised my statistics. The top 50% of earners pay 99.4% of all income taxes in America, not 96%.

yea i've never heard those statistics once. I know that the top 20% of money makers get more money back under bush then under clinton too. I think some of what your saying is fallable. Plus were not comparing to clinton, i hate when people do that, clinton wasn't a great president either. Mind you in my opinion he still is the better president, he wasn't all great either :/

I am not surprised you haven't heard of the statistics. They are not widely publisized.

Quick question. If you were to say Bush was a bad president, and then turn around and say we can't compare him to other presidents, then how do you know he is a bad president if there is no basis for comparison? Sorry, but I do not agree with that line of thinking.

 

[NotGonnaDoIt]

i said comparing him to clinton is bad, you dont compare bad w/ bad... you compare good w/ bad. You can find a better president then clinton to compare bush w/.

How about Jimmy Carter? Perception is in the eye of the beholder.

One thing Bush hasn't done is commit perjury.

 

[NotGonnaDoIt]

o boy who the **** cares rofl, it's the mans personal life. Him getting his dick sucked is of no concern to me, as it shouldn't be to you. Rofl i hate people who even bring that shit up. Shit if i was president i would of lied too, the man does have a wife... most men under his position would of done the same thing.


EDIT-( yea a little heatedin that post that's why the swearing is prominent )

I never said anything about his personal life.

 

[NotGonnaDoIt]

u said perjury, him lieing under oath, well he only lied about his dick being sucked. So once again leave out such stupid things in a debate. I mean that has no relevancy on what kind of president he was. Even when i dont believe he was a good president either, i still believe some stuff REALLY needs to be kept private.

Lying has no relevency on what kind of president he was? Is that what you said?

 

[NotGonnaDoIt]

You have every right to be :rolling:

By all means please do so.

I think what you are trying to say is, "No one died when Clinton lied."

 

[Gray Fox]

You have every right to be :rolling:

By all means please do so.

I think what you are trying to say is, "No one died when Clinton lied."

sry to go offtopic but in your sig you forgot to mention that it was me that said that, just wanted to give you a heads up

 

[NotGonnaDoIt]

sry to go offtopic but in your sig you forgot to mention that it was me that said that, just wanted to give you a heads up

Ok....

 

[Gray Fox]

As you wish.

This is a link to the CBO page that lists statistics about Effective Federal Tax Rates Under Current Law, 2001 to 2014. Download Report.pdf and I can show you where to lok for that information.

First, see, on page 18 of the pdf file, Table 3, Effective Federal Tax Rates and Shares Under 2000 Tax Law, Based on 2001 Incomes, by Income Category, 2001 to 2014.

Then see on that table, the subsection Share of Individual Income Tax Liabilities. Note the Highest quintile for 2001: 79.5%


Next, see, on page 17 of the pdf file, Table 2(continued), Effective Federal Tax Rates and Shares Under Current Tax Law, Based on 2001
Incomes, by Income Category, 2001 to 2014.

Then see, on that page, the subsection Share of Individual Income Tax Liabilities, Highest Quintile: 82.5%


Also, I revised my statistics. The top 50% of earners pay 99.4% of all income taxes in America, not 96%.





I am not surprised you haven't heard of the statistics. They are not widely publisized.

Quick question. If you were to say Bush was a bad president, and then turn around and say we can't compare him to other presidents, then how do you know he is a bad president if there is no basis for comparison? Sorry, but I do not agree with that line of thinking.

I can't make heads or tails out of that pdf, there is no table 2 on page 17 and there is no table 3 on page 18 and I can't find those percentages. Can someone else look at those cause I can't make out weather what you say is true or not.

 

[NotGonnaDoIt]

Table 2 is on page 11 of the report, page 17 of the pdf. Otherwise do a find (ctrl-f) for "Effective Federal Tax Rates and Shares Under Current Tax Law, Based on 2001
Incomes, by Income Category, 2001 to 2014" without quotes and it will take you right to it. Same goes for the second table.

 

[Eg.]

um, the budget problem with the military is quite seperate from the tax cuts. teh pentagons budget is huge, teh problem is that moeny is being pumped into useless projects like that stealth helicopter that soaked up 20 billion dollars before being cancelled. the cost of researching new weapons is the problem, not the availablity of funds. example

the stealth fighter, the f-22 raptor, was actually flying back in 1992. it was working in 1992. its still not even on the battle field. very little has changes for the plane since 1992, teh only problems could come from newer tech, but that could be easily updated. its the policies and beurocracy (spelling) at teh pentagon that is absorbing so much money