[Obadiah]

Congress responds to record deficits by passing a huge tax cut for the wealthy (thanks, but I don't need it).

How much you wanna bet he took that tax break and never gave it back?

[The Ghost of FReepers Past]

Speaking of tax-cuts for the wealthy,...more and more those slimy legislators are hiding the true rates people pay. They give so many tax credits to people while phasing out those credits to higher income people that the real rates are covered up. For example, college tuition. If you land in the phase out income level, you pay an extra 10% tax on your income that falls between $100,000 and $120,000 (I think...somewhere around there). Now if you earn $40million, the loss of that tax credit does not represent a huge percentage increase (though I think a credit like that should be given to everyone or no one). But the guy who just barely hits the phase out mark is slapped with a hefty tax percentage increase, only it is a hidden increase. So the left can keep crying that the tax cuts were all for the rich, but the truth is that the real rates are hidden. Oh...and consider the person who hits the other side of this, who gets all these tax credits for different things and it greatly reduces his overall tax rate. Yet you never see that calculated into these Democrat talking points. And what about all the child tax credits, the "earned" income credits and all of that? The effect of these tax credits when you consider them in the tax percentage rate context is huge.

Even the standard personal deduction is reduced for higher income people. It really slaps those who just hit the cutoff mark.

[4integrity]

‘How much you wanna bet he took that tax break and never gave it back?’

Yep. And, bet when he was the head of his Company, he wasn’t too concerned with the amount of the raises the ‘average Joe or Jane’ got....bet he didn’t offer to share his mega million salary or bonus with the little people.

These self righteous guys just kill me.......like all the politicians, looking for votes, who say......’well, people who have been here illegally are here and have been for a long time, so just let them stay’. Ok, so, Sen. Graham, next time you’re on vacation for a month and someone moves into your house, guess you’ll just let them stay since ‘they’re there already’.