GOP Can’t Handle The Truth: Taxes Are Lower Under Obama Than Reagan

[Hardrock69]

Fucking idiots. Typical Retardlicans.

Why do they even exist with that name? They should call it the Fucking Moron party.


http://thinkprogress.org/economy/2011/06/01/233526/taxes-lower-reagan/


GOP Can’t Handle The Truth: Taxes Are Lower Under Obama Than Reagan

By Pat Garofalo on Jun 1, 2011 at 4:30 pm

President Obama met with House Republicans today at the White House to discuss ways to move forward on negotiations regarding the nation’s debt ceiling and the budget. During the discussion, talk evidently turned to taxes, and when Obama noted that taxes today are lower than they were under President Reagan, the GOP, according to The Hill, “engaged in a lot of ‘eye-rolling’“:

Republicans attending a White House meeting on Wednesday didn’t take kindly to President Obama telling them tax rates were higher during the Reagan administration. GOP members engaged in a lot of “eye-rolling,” according to a member who was on hand to hear Obama, who invited House Republicans to the White House for discussions on the debt ceiling. [...]

“[The President] made a comment like the tax rate is the lightest, even more than (under former President) Reagan,” Rep. Lee Terry (R-Neb.) told The Hill following the meeting. House Oversight and Government Reform Committee Chairman Darrell Issa (R-Calif.) joked that during the meeting, “We learned we had the lowest tax rates in history … lower than Reagan!”

That House Republicans find this preposterous is symptomatic of the hold Reagan mythology has over them. After all, for seven of Reagan’s eight years in office, the top tax rate was higher than the current 35 percent. In six of those years, it was 50 percent or more. And every year that Regan was in office, the bottom tax bracket was higher than the current ten percent.

For a family of four, the “average income tax rate under Reagan in 1983 was 11.06 percent. Under Clinton in 1992, it was 9.18 percent. And under Obama in 2010, it was 4.68 percent.” During Reagan’s time, income tax revenue ranged from 7.8 to 9.4 percent of GDP. Last year, it was 6.2 percent and is not projected to climb back to 9 percent until 2016. In fact, in 2009, Americans paid their lowest taxes in 60 years.

Republicans are very fond of saying that the U.S. has “a spending problem, not a revenue problem.” But the truth is that revenue has plunged due to the recession and to continued misguided tax cuts, and revenue needs to be raised to eventually bring the budget into balance. And Reagan knew that taxes were an important part of the budget equation. After all, he “raised taxes in seven of his eight years in office,” including four times in just two years.



Ok so these fuckheads were rolling their eyes.....funny....who are the fucking idiots now, assholes? :umm:

[Unchainme]

well..lets see..

Obama extended the Bush tax cuts last I recall, so yes, that would make some logical semblance of sense.

[FORD]

It's no coincidence that this country started going broke after the Reagan tax "cuts" for the tax dodging rich, and escalated to rapid meltdown after the Chimpy tax "cuts" for the tax dodging rich.

Granted, there have been a lot of regressive, idiotic anti-American policies since then from Jellybean head, Poppy, Clinton, the Chimp, and Obama, but reversing these lame brained unwarrented tax "cuts" would undo a lot of the damage. Lowest taxes since the 1920's, and exactly the same thing is resulting from it :(

[Nitro Express]

http://en.wikipedia.org/wiki/File:2010_Receipts_%26_Expenditures_Estimates.PNG

The main beef I have with the Republican Party is they won't cut the defense spending. Defense is the largest discretional spending item we have. Sure we need to make some cuts in other areas of government but that defense budget is killing us.

After WWII the US evolved from a consumer goods economy to a war economy. Now we have all these military industries we need to feed so there is this huge interest in keeping us in a constant state of war. Of course all this does is drain the treasury and the tax payer. It's completely non productive.

We have gone from life, liberty, and the pursuit of happiness to death, loss of liberty, and the pursuit of misery.

[FORD]

Yeah, we could have ended hunger on this planet in 1985, just like Bono and Bob Geldof wanted to, but Jellybean head decided he was going to build a bunch of missiles we didn't need and a "Star Wars" system that never even fucking worked instead.

Nice investment, Ronnie. NOT.

[Warham]

It's no coincidence that this country started going broke after the Reagan tax "cuts" for the tax dodging rich, and escalated to rapid meltdown after the Chimpy tax "cuts" for the tax dodging rich.

The rich haven't dodged taxes at all since the Reagan cuts (or Bush cuts for that matter), FORD. The rich pay more of the taxes now than they ever did before Reagan was president. In 2007, the richest 1% of Americans earned 19% of the total income, yet paid 37% of the total tax burden. The top 10% of earners payed 68% of the tab. The bottom 50% earned 13% of the income, but only paid 3% of the taxes. Who exactly is bearing the burden here?


In 1984, the mid-point of the Reagan era, the lowest quintile paid an effective tax rate 0f 10.2% of total income. The richest 1% paid 28.2% of income in taxes and the average of all taxpayers paid 21%. By 1988 the lowest quintile paid 8.5% in tax, the richest spiked to 29.7% and the average was 21.8%.

By 2000, the end of the Clinton era, the lowest quintile was down to just 6.4% and the rich were up to 33% of income while the average of all taxpayers was up to 23%. Americans on average paid a slightly higher percentage of income in tax at the end of the Clinton era as opposed to the end of the Reagan era. The rich paid 10% more under Reagan.

So your hero Clinton wasn't much different from Reagan as far as taxes were concerned.

[FORD]

Clinton slightly raised taxes on the rich, and after cleaning up the mess that Ronnie & Poppy left, ended his term with a surplus. Whether or not I agree with everything else he did (and I don't) I'd say that's a significant difference in his favor. One that even Obama seems to have forgotten.

[Nitro Express]

Yeah, we could have ended hunger on this planet in 1985, just like Bono and Bob Geldof wanted to, but Jellybean head decided he was going to build a bunch of missiles we didn't need and a "Star Wars" system that never even fucking worked instead.

Nice investment, Ronnie. NOT.

To end abject poverty worldwide would probably cost around $200 billion. Instead, the IMF and Wolrd Bank want to keep the third world in debt.

[Nitro Express]

The rich haven't dodged taxes at all since the Reagan cuts (or Bush cuts for that matter), FORD. The rich pay more of the taxes now than they ever did before Reagan was president. In 2007, the richest 1% of Americans earned 19% of the total income, yet paid 37% of the total tax burden. The top 10% of earners payed 68% of the tab. The bottom 50% earned 13% of the income, but only paid 3% of the taxes. Who exactly is bearing the burden here?



So your hero Clinton wasn't much different from Reagan as far as taxes were concerned.

It's all about whether you have the right connections. Timothy Giethner got caught not paying income tax and nothing has happened to him. He's still running the treasury department that runs the IRS. So our tax agency is ran by a tax cheat. I guess taxes are like Obamacare. Some people and organizations get an exemption.

[knuckleboner]

The rich haven't dodged taxes at all since the Reagan cuts (or Bush cuts for that matter), FORD. The rich pay more of the taxes now than they ever did before Reagan was president. In 2007, the richest 1% of Americans earned 19% of the total income, yet paid 37% of the total tax burden. The top 10% of earners payed 68% of the tab. The bottom 50% earned 13% of the income, but only paid 3% of the taxes. Who exactly is bearing the burden here?



So your hero Clinton wasn't much different from Reagan as far as taxes were concerned.

ah...but the rich earn a larger percentage of the total income.

the more important stat is what percentage of their own income do the rich pay in taxes? if it's going down (and it is) thean it doesn't matter as much that they're paying a larger share of the total revenues collected. in fact, the reason for that is proportionately, they're making more money...

http://voices.washingtonpost.com/ezra-klein/assets_c/2010/09/090810-snapshot-thumb-454x469-25064.jpg

washington post (http://voices.washingtonpost.com/ezra-klein/2010/09/the_rich_getting_richer_in_one.html)

[Nickdfresh]

Yeah, and let's not forget that American middle class wages have remained stagnant since the 1970's while their fearless leaders such as CEO's have jumped exponentially...

[sadaist]

Yeah, and let's not forget that American middle class wages have remained stagnant since the 1970's while their fearless leaders such as CEO's have jumped exponentially...


Makes them no so middle class anymore huh? Same couple with 2 kids with like jobs & salaries can now barely afford the car payment. And if the car has a major breakdown and in need of a set of brakes & tires or a damn transmission, it's all over. There's zero cushion anymore. No one has a safety net. Everyone is maxxed out to the fucking gills. It only takes 1 thing to knock us out of commission and move us from middle class to poverty. One thing. That's enough to cause all this God damned depression, digestive problems, insomnia, and a million other things currently ailing the 'middle class' population.

What percentage of the middle class & lower do you think would be considered depressed enough to justify medication? Not just the ones who actually have seen a doctor and are getting treatment...but how many just chalk it up to life sucks and never see a Dr about it. I would bet it's a fuck load just based on the fact that a HUGE proportion are actually on the medication. So what is the correlation between middle class standards of living and the levels of medical cases? I bet a lot of what keeps the pill factories running is how the middle class is fucked.

[FORD]

http://www.youtube.com/watch?v=QFBV6LN3VBU

[FORD]

What percentage of the middle class & lower do you think would be considered depressed enough to justify medication? Not just the ones who actually have seen a doctor and are getting treatment...but how many just chalk it up to life sucks and never see a Dr about it. I would bet it's a fuck load just based on the fact that a HUGE proportion are actually on the medication. So what is the correlation between middle class standards of living and the levels of medical cases? I bet a lot of what keeps the pill factories running is how the middle class is fucked.

Well, if you're unemployed, odds are you don't have healthcare in the US, which means you won't be able to get a diagnosis or a prescription.

But that's not necessarily a negative though, because 5HTP works better than any of that shit anyway, and you don't need a prescription for it.

[SunisinuS]

But that's not necessarily a negative though, because 5HTP works better than any of that shit anyway, and you don't need a prescription for it.

I am intrigued. May I have a pamphlet? I would like to subscribe to your newsletter.