Biden - We want to raise taxes 1 TRILLION dollars!
POSTED BY: AURaptor
UPDATED: Saturday, July 27, 2024 16:07
VIEWED: 7974
PAGE 3 of 8
Quote:
Originally posted by m52nickerson:Quote:
Originally posted by Geezer:
True. Some companies do not make a profit every year.
Pretty sure companies like GE make a profit every year.
AOL Time Warner? Lost $98 billion in 2002.
AIG? Lost $99 billion in 2008.
Fannie Mae? Lost $59 billion in 2008 and $74 billion in 2009.
Freddie Mac? $50 billion in 2008 and $25 billion in 2009.
CitiGroup? $27 billion in 2008.
General Motors? $38 billion in 2007 and $30 billion in 2008.
United Airlines? $21 billion in 2005.
And that's just the biggest losses.
http://en.wikipedia.org/wiki/List_of_largest_corporate_profits_and_los
ses
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Quote:
Originally posted by Geezer:Quote:
Originally posted by Niki2:
What Biden was talking about was taking away tax breaks from the rich; letting the Bush Cuts expire for them. In which case he's not talking about "raising" their taxes, he's talking about AVOIDING the cost to the country of continuing to give them the tax cut which was supposed to expire anyway. Those aren't new taxes.
Then why not let ALL the Bush tax cuts expire? That way we could AVOID even more costs to the country.
If we can't protect the rich, screw everyone!
It's the Teapublican way!
Note to anyone - Please pity the poor, poor wittle Rappyboy. He's feeling put upon lately, what with all those facts disagreeing with what he believes.
"We will never have the elite, smart people on our side." -- Rick "Frothy" Santorum
"Goram it kid, let's frak this thing and go home! Engage!"
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Quote:
Originally posted by m52nickerson:Quote:
Originally posted by AURaptor:
Allowing the people to keep more of the $ they earned is NOT what got us into this mess. And govt taking more of our money won't get us out of this mess either.
As far as the budge deficit, yes it was part of it and yes it can be part of the solution. It's called math!
I do not fear God, I fear the ignorance of man.
No, it isn't, and that math doesn't add up. Not even close.
" I do not love the bright sword for its sharpness, nor the arrow for its swiftness, nor the warrior for his glory. I love only that which they defend. "
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Quote:
Originally posted by Geezer:Quote:
Originally posted by m52nickerson:Quote:
Originally posted by Geezer:
True. Some companies do not make a profit every year.
Pretty sure companies like GE make a profit every year.
AOL Time Warner? Lost $98 billion in 2002.
AIG? Lost $99 billion in 2008.
Fannie Mae? Lost $59 billion in 2008 and $74 billion in 2009.
Freddie Mac? $50 billion in 2008 and $25 billion in 2009.
CitiGroup? $27 billion in 2008.
General Motors? $38 billion in 2007 and $30 billion in 2008.
United Airlines? $21 billion in 2005.
And that's just the biggest losses.
http://en.wikipedia.org/wiki/List_of_largest_corporate_profits_and_los
ses
Okay, what is your point. I never said some companies do not lose money. My point, which you do not address, is that many US companies do profit and still may no or very low taxes.
At least try to address the point.
I do not fear God, I fear the ignorance of man.
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Quote:
Originally posted by AURaptor:
No, it isn't, and that math doesn't add up. Not even close.
So in Rappy land increasing revenue will not low the deficit?
I do not fear God, I fear the ignorance of man.
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Quote:
Originally posted by m52nickerson:Quote:
Originally posted by AURaptor:
No, it isn't, and that math doesn't add up. Not even close.
So in Rappy land increasing revenue will not low the deficit?
I do not fear God, I fear the ignorance of man.
I see the goal posts have been moved. I was talking about taking more of our income, w/ regards to higher taxes. ( tax the rich, right ? ) NOW, you're talking about raising more revenue. One does not necessarily mean the other.
More folks working, and less folks on unemployment , would be a net gain for the treasury, no ?
I'm for raising revenue, and cutting spending. THAT is what will reduce the deficit. That works in Rappyland, aka REALITY world.
" I do not love the bright sword for its sharpness, nor the arrow for its swiftness, nor the warrior for his glory. I love only that which they defend. "
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"I was talking about taking more of our income, w/ regards to higher taxes. ( tax the rich, right ? ) NOW, you're talking about raising more revenue. ONE DOES NOT NECESSARILY MEAN THE OTHER."
"I'm for raising revenue ..."
So, how would you raise revenue if not for taking in more taxes? Bake sales? Lotteries?
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Quote:
Originally posted by 1kiki:
"I was talking about taking more of our income, w/ regards to higher taxes. ( tax the rich, right ? ) NOW, you're talking about raising more revenue. ONE DOES NOT NECESSARILY MEAN THE OTHER."
"I'm for raising revenue ..."
So, how would you raise revenue if not for taking in more taxes? Bake sales? Lotteries?
Already stated one way, getting more folks back to work, so they're contributing , instead of drawing from the federal coffers.
Another way is to raise 'some' discretionary taxes, instead of straight off the top. That way, folks could choose how they want to spend their money. And it shouldn't be so high, or so selective, as to be overly punitive either. Like the tax on selective items, as was the case w/ luxury yachts. The US market took a deep hit, while driving potential buyers to purchase high end yachts elsewhere, and avoiding costly taxes. Dems tend to overlook the fact that people won't just blindly accept their high taxes, and will instead alter their activity, if they deem it worth their while. High taxes in NYC , is another fine example. It's ended up driving millionaires ( and not just Rush Limbaugh ) from NY to the friendlier tax situation of living in Florida. Just tossing out some examples.
" I do not love the bright sword for its sharpness, nor the arrow for its swiftness, nor the warrior for his glory. I love only that which they defend. "
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So, more taxes equals more revenues.
Higher tax rates equals more taxes.
Therefore, higher tax rates equals more revenues.
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Quote:
Originally posted by 1kiki:
So, more taxes equals more revenues.
Higher tax rates equals more taxes.
Therefore, higher tax rates equals more revenues.
I love how you see only what you want to see, and ignore the totality of what I post.
There ARE ways to raise revenue w/ out raising taxes. Or is that too much for your brain to comprehend ?
" I do not love the bright sword for its sharpness, nor the arrow for its swiftness, nor the warrior for his glory. I love only that which they defend. "
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