so are you for or against letting the tax cuts for the wealthy expire?

Tax cuts for people making $200,000-$250,000 a year are set to expire at the end of the year. However the current administration is set on keeping the tax cuts for the upper-middle class and downward. I suspect that this will be talked a lot about around the upcoming elections in November. That being said let's get a jump on it OT.

My opinion is with all this talk about a growing deficit, removing tax cuts from the people who can afford it while still living life fairly comfortably should be a fairly popular decision. Not with rich people obviously, but the majority of us aren't rich.

However my opinion isn't the only one out there so let's hear yours OT.

I'm never for raising taxes, on anybody.

My opinion is with all this talk about a growing deficit, removing tax cuts from the people who can afford it while still living life fairly comfortably should be a fairly popular decision. Not with rich people obviously, but the majority of us aren't rich. Serraph105

I'm never for raising taxes, on anybody.

airshocker

I'm never for raising taxes, on anybody.

airshocker

taxes are necessary though.

Sometimes reality necessitates it. You have to pay for infrastructure and services somehow.mattbbpl

We don't need a welfare state in the process.

Warren Buffett, one of the richest men in the world, favors getting rid of them as well.

taxes are necessary though.

Serraph105

You misread. I never said no taxes, only for raising them unless absolutely necessary. And it's only absolutely necessary when we're not paying for a welfare state and still can't afford our bills, in my eyes.

[QUOTE="mattbbpl"]Sometimes reality necessitates it. You have to pay for infrastructure and services somehow.airshocker

We don't need a welfare state in the process.

Taxes are at their lowest rates in a long time. We aren't exactly in danger of it at this point.mattbbpl

And they should stay that way while we cut welfare programs. I do support one welfare program: The US military.

[QUOTE="mattbbpl"]Taxes are at their lowest rates in a long time. We aren't exactly in danger of it at this point.airshocker

And they should stay that way while we cut welfare programs. I do support one welfare program: The US military.

Raising taxes is an important component of cutting the deficit...

[QUOTE="mattbbpl"]Taxes are at their lowest rates in a long time. We aren't exactly in danger of it at this point.airshocker

And they should stay that way while we cut welfare programs. I do support one welfare program: The US military.

I'm sorry but $200-250k is not very much money. It's certainly doesn't qualify you as "wealthy." Tax cuts should stay in effect. Tax the REALLY rich maybe, but not upper middle class.Dark__Link

What? Even in a fairly expensive neighborhood 200-250k is a very good amount of money...

Raising taxes is an important component of cutting the deficit...

chessmaster1989

Or we can not add onto the deficit anymore by cutting welfare programs. When we're not paying for those anymore, we can work on the deficit.

[QUOTE="mattbbpl"]Taxes are at their lowest rates in a long time. We aren't exactly in danger of it at this point.airshocker

And they should stay that way while we cut welfare programs. I do support one welfare program: The US military.

Personally I think they should get tax breaks if they are using their money to help support the economy. Lets say its a wealthy man but he is using his money to fund business operations that give many people jobs. I think he should be allowed to keep most of his money since he is contributing to other people's well being by giving them jobs. If its someone who is using all their money to live in a posh mansion and they never contribute than I say tax them.testfactor888

I'm sorry but $200-250k is not very much money. It's certainly doesn't qualify you as "wealthy." Tax cuts should stay in effect. Tax the REALLY rich maybe, but not upper middle class.Dark__Link

What do you define as welfare programs? What would you cut?mattbbpl

I would cut, and reform. Reform social security, Medicare and Medicaid. Everything else should go away, and if it can't be gotten rid of, should be reformed to be more reasonable. The tax payers shouldn't have to bear the burden for these programs.

Easily the most expensive thats for sure.Sajo7

No doubt.

[QUOTE="chessmaster1989"]

Raising taxes is an important component of cutting the deficit...

airshocker

Or we can not add onto the deficit anymore by cutting welfare programs. When we're not paying for those anymore, we can work on the deficit.

Why not raise taxes while streamlining and cutting welfare programs? There's no reason not to cut spending and raise taxes at the same time... also, why don't we cut military spending as well?

I'm sorry but $200-250k is not very much money. It's certainly doesn't qualify you as "wealthy." Tax cuts should stay in effect. Tax the REALLY rich maybe, but not upper middle class.Dark__Link

I'm never for raising taxes, on anybody.

airshocker

[QUOTE="Dark__Link"]I'm sorry but $200-250k is not very much money. It's certainly doesn't qualify you as "wealthy." Tax cuts should stay in effect. Tax the REALLY rich maybe, but not upper middle class.chessmaster1989

What? Even in a fairly expensive neighborhood 200-250k is a very good amount of money...

Why not raise taxes while streamlining and cutting welfare programs? There's no reason not to cut spending and raise taxes at the same time... also, why don't we cut military spending as well?

chessmaster1989

Because no one is suggesting we do both, no one of import(no offense). Maybe if that was the bill, I could support it. But letting the tax cuts expire is a no-go for me.

I am not for letting them expire. It isn't the governments money to take from them. They earned it, they should keep it. Taking it from them is just stealing in the most basic form

Edit: i mean, i am for letting the tax cuts stay, and not expire. I misread the title.

[QUOTE="chessmaster1989"]

Why not raise taxes while streamlining and cutting welfare programs? There's no reason not to cut spending and raise taxes at the same time... also, why don't we cut military spending as well?

airshocker

Because no one is suggesting we do both, no one of import(no offense). Maybe if that was the bill, I could support it. But letting the tax cuts expire is a no-go for me.

Why not? Both need to be done, so why not let the tax cuts expire?

I am for letting them expire. It isn't the governments money to take from them. They earned it, they should keep it. Taking it from them is just stealing in the most basic form

hoola

You mean renewing them? Letting them expire would allow the government to get their money.

[QUOTE="chessmaster1989"]

[QUOTE="Dark__Link"]I'm sorry but $200-250k is not very much money. It's certainly doesn't qualify you as "wealthy." Tax cuts should stay in effect. Tax the REALLY rich maybe, but not upper middle class.Dark__Link

What? Even in a fairly expensive neighborhood 200-250k is a very good amount of money...

[QUOTE="Sajo7"]Easily the most expensive thats for sure.airshocker

No doubt.

Why not? Both need to be done, so why not let the tax cuts expire?

chessmaster1989

When spending is also cut. It's not, however.

[QUOTE="chessmaster1989"]

Why not? Both need to be done, so why not let the tax cuts expire?

airshocker

When spending is also cut. It's not, however.

But what exactly do you think is wrong with raising taxes without immediately also cutting spending? I'm not arguing that cutting spending isn't necessary, just questioning why we shouldn't raise taxes before cutting spending.

So lets cut something there shall we? I hardly see the need for air-to-air weaponry when we are fighting insurgents.Sajo7

When a war isn't being fought, sure. We will always need to be the dominant super-power, however.

[QUOTE="hoola"]

I am for letting them expire. It isn't the governments money to take from them. They earned it, they should keep it. Taking it from them is just stealing in the most basic form

airshocker

You mean renewing them? Letting them expire would allow the government to get their money.

I misunderstood the topic. I don't want the government getting their money. They earned it in some form or another and nobody should be able to take it from them.

But what exactly do you think is wrong with raising taxes without immediately also cutting spending?

chessmaster1989

It's unjust? How can we ask for people to pay for others without also tightening our own belts?

[QUOTE="Sajo7"]So lets cut something there shall we? I hardly see the need for air-to-air weaponry when we are fighting insurgents.airshocker

When a war isn't being fought, sure. We will always need to be the dominant super-power, however.

[QUOTE="chessmaster1989"]

But what exactly do you think is wrong with raising taxes without immediately also cutting spending?

airshocker

It's unjust? How can we ask for people to pay for others without also tightening our own belts?

[QUOTE="Dark__Link"][QUOTE="chessmaster1989"]

What? Even in a fairly expensive neighborhood 200-250k is a very good amount of money...

wstfld

[QUOTE="wstfld"][QUOTE="Dark__Link"] It's a good amount. You can live a very comfortable life on it (depending on where you live. But it's NOT rich. Not even close.Dark__Link

Who exactly or we going to be shooting out of the sky anytime soon?Sajo7

Who knows. Birds? Maybe somebody took Iron Man 2 a little too seriously.

The way I see it, defense is like chess. Always plan ten moves in advance. God forbid a threat ever appears where we would need to use them, but better safe than sorry. I also think, in order to keep a volunteer force, we need the best equipment. Who wants to join when we're getting our aircraft blown out of the sky? Unless you're a helicopter pilot...

Cuz life ain't fair. wstfld

Life is pretty fair.

[QUOTE="wstfld"]Cuz life ain't fair. airshocker

Life is pretty fair.

Not really... life is too random to be called fair...

As an outsider, my answer is relatively tame: If it helps the deficit problem, let them expire.

[QUOTE="Sajo7"]Who exactly or we going to be shooting out of the sky anytime soon?airshocker

Who knows. Birds? Maybe somebody took Iron Man 2 a little too seriously.

The way I see it, defense is like chess. Always plan ten moves in advance. God forbid a threat ever appears where we would need to use them, but better safe than sorry.

Not really... life is too random to be called fair...

chessmaster1989

Half glass empty, much?

Sure, it's subjective, but just because you don't think it's fair means we should go with legislation that will help you but harm others.

[QUOTE="mattbbpl"]What do you define as welfare programs? What would you cut?airshocker

I would cut, and reform. Reform social security, Medicare and Medicaid. Everything else should go away, and if it can't be gotten rid of, should be reformed to be more reasonable. The tax payers shouldn't have to bear the burden for these programs.