View Single Post
  #9   Report Post  
posted to rec.boats
nom=de=plume[_2_] nom=de=plume[_2_] is offline
external usenet poster
 
First recorded activity by BoatBanter: Apr 2010
Posts: 3,578
Default tax guts GROW the deficit!


wrote in message
...
On Thu, 15 Jul 2010 21:00:26 -0600, Canuck57
wrote:

With 650,000 no longer looking for work last month, there are 650,000
fewer taxpayers. Given this has been going on for two years, many
millions have dropped out of the taxpayer base.


There are actually a lot fewer taxpayers than that. Because of the gap
at the bottom when the "underemployed" will drop below the threshold
where they pay income tax. It was 43% in 2009, I bet that number will
be well over 50% in the 2010 tax year.
http://www.cbsnews.com/stories/2009/...n4945874.shtml

I think that is why they want to let the Bush tax cuts expire. They
keep saying this only affects the super rich but it is also a rise of
rates across the board. Everyone's tax bill will go up.


Everyone's? Nope. You're not willing to pay for services.. fine. I am. Just
don't dial 911 and don't use the roads, and to heck with libraries...
they're for poor people. Don't need to worry about fires and paramedics.