Thursday, December 20, 2012

The Unseriousness of the GOP


This may make sense in Bizarro World, but I don't think it does anywhere else:
But a closer look at the tax impacts of Plan B shows that while it raises taxes on most million-plus earners, it also raises takes for many low-income earners.
The non-partisan Tax Policy Center found that the average taxpayer earning $1 million or more in cash income would see their taxes go up by an average of $72,000. A small number of those million-plus earners will see a tax cut, due to an anomaly in the Alternative Minimum Tax.
But lower income earners will also see a tax hike. People making between $10,000 to $20,000 will see their taxes go up by an average of $262. People making $20,000 to $30,000 will see their taxes go up by $219. (Read more: How Much Would Taxing the Rich Raise?)
Granted, those are minor increases. But drilling down deeper, you find that some of those low-income earners could see a sizable increase. One in five of Americans who earn less than $20,000 a year will see an increase of $1,070 -- a sizeable amount for low-income earners.
In fact, the only taxpayers who will get an overall tax cut under Plan B are those who earn between $200,000 and $1 million. People making between $200,000 and $500,000 will see an average tax cut of $301. Those making between $500,000 and $1 million will see their taxes go down by $164.
The reason is that Plan B has two parts - raising taxes on high earners and eliminating deductions for low earners. The plan raises the tax rate for those making $1 million or more to 39.6 percent from its current rate of 35 percent. It would also raise the capital gains and dividend tax rates for those earners to 20 percent from 15 percent.  Yet Plan B also eliminates many of the Obama-led tax credits that largely benefit low-income earners, including the 2009 enhancements to the child tax credit, the earned income tax credit and others. Repealing these credits hurts families with children the hardest, according the Tax Policy Center.
What a bunch of mendacious assholes.  What the fuck is with the $200,000 to $1,000,000 per year bracket getting a fucking tax cut?  The crazy thing is that this still isn't good enough for the morons like Jim Jordan.  I guarantee he will vote against any plan put forward, because he is the most useless public servant in history.

2 comments:

  1. This Jordan guy is in Congress serving his country and your liberal pussy ass is sitting behind a computer screen calling him a moron. Based on what I read about him I bet he'd beat you to a pulp and wipe the entitled, smart ass right out of you. Why don't you wrestle him for his seat?

    ReplyDelete
  2. I know he'd beat my ass wrestling. I'm not stupid enough to miss that fact. That doesn't mean my criticism is incorrect. Hell, if he brought his wrestling moves to my gun fight, I'd win. What the fuck does that prove? I don't know that he's a moron, he may just be a corporate whore. But I lean toward moron. He'd also beat me in an election, because he'd tell the rural electorate just what they want to hear and not the damn truth. As for serving his country, all he's doing is cashing a check and padding his pension. If he's got a problem with my opinion, I'd gladly debate him. I damn sure won't wrestle him.

    ReplyDelete