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Old 03-21-2008, 04:24 PM  
acesn8s acesn8s is offline
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INCOME TAX RATE COMPARISON 1999 vs 2008

Taxes...Whether Democrat or a Republican you will find these statistics enlightening and amazing.

www.taxfoundation.org/publications/show/151.html (you can verify the numbers here)
http://www.taxfoundation.org/blog/show/22958.html


Individual Income Taxes Under Presidents Clinton and Bush, 1999 Law and 2008 Law
For taxpayers who take the standard deduction and have no children
TaxpayerTax under Clinton, 1999 tax lawTax under Bush, 2008 tax law
Single, income of 30,000$3,157.50 $2,756.25
Single, income of 50,000$7,262.50 $6,606.25
Married, income of $50,000$5,085.00 $4,012.50
Married, income of $60,000$6,585.00 $5,512.50
Single, income of $75,000$14,262.50 $12,856.25
Married, income of $75,000$9,426.50 $7,762.50
Single, income of $125,000*$29,378.50 $26,472.25
Married, income of $125,000*$23,426.50 $19,462.50
*This chart does not take into account the Alternative Minimum Tax


It is amazing how many people that fall into the categories above think Bush is screwing them and Bill Clinton was the greatest President ever. If Obama or Hillary are elected, they both say they will repeal the Bush tax cuts, and a good portion of the people that fall into the categories above can't wait for it to happen. This is like the movie The Sting with Paul Newman; you scam somebody out of some money, and they don't even know what happened.

EDIT: Edited for accuracy but results still show lower taxes in 2008.

Last edited by acesn8s; 03-24-2008 at 08:46 PM..
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Old 03-25-2008, 01:01 PM   #136
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Quote:
Originally Posted by BucEyedPea View Post
Legerdemain

We're not arguing the same thing....but carry on tilting at windmills.
Yes, you were arguing the wrong point the whole time. I kept trying to point that out to you. I'm happy to see this resolved.
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Old 03-25-2008, 01:13 PM   #137
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Originally Posted by patteeu View Post
Placing full blame on a president for budget imbalances because he doesn't simply shut down government by vetoing nonbalanced Congressional budgets is ridiculous unless you assume that a balanced budget is the first priority of government, which IMO is ludicrous.
It should always be the first priority. In fact it should be made illegal to pass a budget that is not balanced. Deficit spending is irresponsible and immoral, and is the greatest threat to the continued prosperity of our nation.
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Old 03-25-2008, 01:16 PM   #138
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Quote:
Originally Posted by patteeu View Post
Yes, you were arguing the wrong point the whole time. I kept trying to point that out to you. I'm happy to see this resolved.
That's just it, I wasn't trying to argue much of anything. You just wanted an argument and had to bait me on my opinion that I laugh at this curve for revenue enhancement for the state and that Mises doesn't say EXACTLY what you say. Ya' know kinda where and how the details fall that shade it differently.
But I see your competitive lawyeresque ego is still operating here. There's was nothing ever to win, pat. Just a clarification was being made was all.

Continue tilting at those windmills though.
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Old 03-25-2008, 01:25 PM   #139
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Originally Posted by Adam View Post
It should always be the first priority. In fact it should be made illegal to pass a budget that is not balanced. Deficit spending is irresponsible and immoral, and is the greatest threat to the continued prosperity of our nation.
We'll have to agree to disagree on that one.
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Old 03-25-2008, 01:32 PM   #140
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Quote:
Originally Posted by BucEyedPea View Post
That's just it, I wasn't trying to argue much of anything. You just wanted an argument and had to bait me on my opinion that I laugh at this curve for revenue enhancement for the state and that Mises doesn't say EXACTLY what you say. Ya' know kinda where and how the details fall that shade it differently.
But I see your competitive lawyeresque ego is still operating here. There's was nothing ever to win, pat. Just a clarification was being made was all.

Continue tilting at those windmills though.
This is how I see what happened:

1. I posted the Laffer curve for the purpose of illustrating a pretty noncontroversial point that alnorth, amnorix, you, and a few others have all accepted either by word or by deed.

2. You apparently presumed that I was trying to make a different point, disparaged the curve without being specific, and got your back up because I mentioned Mises.

3. I explained the noncontroversial idea behind the curve on numerous occasions but you continued to ignore my explanations and object to the curve because of your misplaced idea that the way some people use the curve is equivalent to the noncontroversial idea behind the curve itself.

4. You've finally realized that you missed my point all along which means we're all good now. I see no need for either of us to be competitive now. We've reached an understanding.
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Old 03-25-2008, 01:37 PM   #141
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You never quit do you. You don't know when to end something.
I'm not interested in carrying on with this.
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