Republican tax offer silly

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The blame game is officially on. In a letter to The Washington Post, the six Republican members of the supercommittee wrote to blame the Democratic six for the failure to arrive at a compromise.

In it, they stated their two-part offer. First, they would direct the full Congress to overhaul the income tax code, providing a number of suggestions that they said would increase tax revenue by billions. Second, they demanded that the Bush tax cuts become permanent.

This is downright silly, as no one can say what Congress would end up doing, if anything, on revising our tax code. If the Dems had agreed, the only thing certain would be that President Obama would not be free to let those cuts expire. This is, of course, just what the Republicans want, to serve their wealthy contributors. The Democratic six had no alternative but to reject this phony proposal.

It would be more logical for the president to announce that the Bush cuts in their entirety will be allowed to expire at the end of 2012, while at the same time directing Congress in early 2013 to cut the taxes of those making less than, say, $100,000 per year to what they are now under the Bush cuts. I find it hard to believe that Republicans in Congress would reject that step, since cutting taxes seems second nature to them.

I write this as one who pays no more than 15 percent tax on a big chunk of my income – that on dividends. The only way to get rid of that sweet deal may be to let the cuts expire in their entirety. It is grossly unfair that those who work for a living are taxed at rates far higher than those sitting in their easy chairs.

Victor J. Reilly

Aiken, S.C.

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harley_52
26117
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harley_52 11/29/11 - 09:25 pm
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burninater, what makes "zero

burninater, what makes "zero sense" is the ridiculous position you've spent the day presenting.

Claiming 86% of workers pay taxes is demonstrably not true. By any realistic measure it's not true. The claim that about 50% of wage earners don't pay income taxes is true, by the measure of what most normal people understand. The attempt to include FICA, and Medicare, as taxes and thereby bump it up to 86% is purely intended to obfuscate the issue.

How many workers pay no taxes (or even any pre-paid funds) of any sort? Plenty. How many of them are illegal aliens? Most. We both know it's rampant among certain "industries" and some of those industries are heavily populated with illegal immigrants.

The only "political myth" here is the one you've been trying to sell.

KSL
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KSL 11/29/11 - 09:51 pm
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OK, burn, where does the

OK, burn, where does the earned income tax credit fit it. Wasn't it's purpose to offset in part, the FICA paid by low income employees? This is an argument of apples and oranges. The bottom line is that not of the voting public have a dog in the fight over income tax rates. And there are plenty of people who have a dog in the fight through pension plan investments and don't realize it because they are so uneducated.

burninater
9948
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burninater 11/29/11 - 09:58 pm
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Harley, if I intended to

Harley, if I intended to obfuscate, I would not have clearly stated my point from the start. I will repeat it one last time. Trying to claim that income taken out of my paycheck, by the Federal government, in order to finance Federal spending, is NOT a tax on my income, is ridiculous. Period.

burninater
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burninater 11/29/11 - 10:06 pm
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KSL, yes! And those ARE

KSL, yes! And those ARE income earners, whose EIC fully offsets payroll taxes, that AREN'T paying taxes on their income. And they DON'T comprise 50% of the population.

Here is an article that does a far better job of detailing with the taxation of income issue, with links to sources, than I'm able to put together:

http://www.nytimes.com/2010/04/14/business/economy/14leonhardt.html?ref=...

Goodnight all.

harley_52
26117
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harley_52 11/29/11 - 10:13 pm
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Redefining terms (income tax)

Redefining terms (income tax) to include items not normally or traditionally associated with that term is obfuscation and quibbling. Besides, none of the data you presented proves even the tangential point you've been trying to make.

The entire discussion has been a waste of time.

justthefacts
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justthefacts 11/29/11 - 10:24 pm
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Funny, I brought up Burn's

Funny, I brought up Burn's "obfuscation" early this morning, then left for CA. After a day of conversation, nothing has changed. You are right harley, a big waste of time.

Carleton Duvall
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Carleton Duvall 11/30/11 - 09:43 am
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One last comment. The EIC is

One last comment. The EIC is a form of welfare administered by the IRS. Just another social program that is running this country into the ground.

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