Tax Bracket Math... Check Me If I'm Missing Something

[billfred]

A managable problem, that he is managing, after Republican mis-management, and despite a Congress that has done everything in its power to see that America fails.

Cost of 2 wars - Bush
Cost of Bank Bail out - Bush
Cost of Tax cuts - Bush
Cost of great republican Recession lost revenue - Bush.

Well, the bail out made money.
The Bush tax cuts were already in place .
I will give you the wars but those are almost completely wound down.

So it all comes down to the recession and the revenue lost as a result, or more importantly the money spent that did nothing to help get us out of it. As we are recovering from this recession slower than any on history, one can only put the blame on the people managing the recovery.

Not a good report card but hey, I got an idea, lets re-elect all the same people captaining this ship.

 

[bigbassturd]

Yes, let's. But this time, let's make sure they can't be reelected again, so they have nothing to lose.

Brilliant plan.

 

[mrplunkey]

He has failed to manage anything aside from increasing our massive debt.

It's too far gone, anyone who thinks putting a bandaid on it by making 'neccessary cuts' is in denial.

We must crash and burn, we've already ran it up past the point of no return, and it's not like we haven't had our credit rating downgraded before...

I agree. We need to hit rock bottom.

And the mess Bush created is nothing compared to the mess Barry has. If I had to choose between paying for Iraq and Afghanistan all over again versus BarryCare, I'd choose the wars every time. Wars can be wound down. BarryCare lasts forever.

 

[redsamurai]

Obama has inherited quite a Republican mess hasn't he.

yeah he did but that argument is getting old. The next couple years are "square" on him and his administration. I get so mad at Reid and Pelosi for rolling that one out now that it makes me wanna slap my momma.

 

[redsamurai]

I completely agree that raising taxes hurts the economy and reduces overall revenue. Art Laffer and Ronald Reagan figured that out over thirty years ago. .

Why did it take Reagan 6 years to suggest lowering those brackets? I was just reading about historical tax brackets the other day and I saw that it wasn't until the 6th year that Reagan cut taxes....before that the top bracket were approaching 60%....i never knew that, that is appalling to nth power.

 

[mrplunkey]

Why did it take Reagan 6 years to suggest lowering those brackets? I was just reading about historical tax brackets the other day and I saw that it wasn't until the 6th year that Reagan cut taxes....before that the top bracket were approaching 60%....i never knew that, that is appalling to nth power.

He cut the rates in 1981 first.

Economic Recovery Tax Act of 1981 - Wikipedia, the free encyclopedia

Then cut them again in 1986.

Tax Reform Act of 1986 - Wikipedia, the free encyclopedia

 

[redsamurai]

I'd choose the wars every time. Wars can be wound down. BarryCare lasts forever.

ok dude, time for a hard line to be drawn in your world...we're talking about wars which we now know just cost U.S soldiers lives unneccesarily AND cost 10's of thousands of innocent people their lives. Afghanistan is still up in the air but if you're making the point that even Iraq is preferable to healthcare, no matter how much you disagree with the policy, can we just take a step back and take a deep breath cause we're talking about people dying unnecessarily. And the fallout from both of those wars will still be felt decades from now, have the Iranians forgotten about the Shaw? No....so reality check dude.

 

[mrplunkey]

ok dude, time for a hard line to be drawn in your world...we're talking about wars which we now know just cost U.S soldiers lives unneccesarily AND cost 10's of thousands of innocent people their lives. Afghanistan is still up in the air but if you're making the point that even Iraq is preferable to healthcare, no matter how much you disagree with the policy, can we just take a step back and take a deep breath cause we're talking about people dying unnecessarily. And the fallout from both of those wars will still be felt decades from now, have the Iranians forgotten about the Shaw? No....so reality check dude.

Trashing our health care system will also lead to people dying unnecessarily. except the effect will last forever, instead of for 10-12 years.

I'd still choose to re-live the wars over the BarryCare disaster. At least wars eventually end.

 

[redsamurai]

He cut the rates in 1981 first.

Economic Recovery Tax Act of 1981 - Wikipedia, the free encyclopedia

Then cut them again in 1986.

Tax Reform Act of 1986 - Wikipedia, the free encyclopedia

ok so he initially dropped from 70 to 50%....wow, 70%, really? So you were probably, what...35 back then? Which bracket did you fall into?

 

[bigbassturd]

I have lost good friends in this war, even watched some of them die in person.


I have a titanium right foot as a result of the Afghanistan effort.





I would choose war over Obamacare.