Your taxes are the lowest they've been in 30 years

[Riot]

Despite lies that Obama has raised taxes, that simply is not true. The below is also the reason we have a massive deficit.

http://www.washingtonpost.com/busine...bbW_story.html

In 2009, Americans paid lowest tax rates to Federal Government in 30 years

Americans paid the lowest tax rates in 30 years to the federal government in 2009, due in part to tax cuts sought by President Obama to combat the Great Recession, congressional budget analysts said Tuesday.

A sharp decline in income — especially among the wealthiest Americans, who pay the highest tax rates — also played a role, according to the report by the nonpartisan Congressional Budget Office. Household income fell 12 percent on average from 2007 to 2009, with income among the top 1 percent of earners falling by more than a third.

Still, at the very moment anti-tax protesters were emerging as the most powerful force in American politics, handing Republicans landslide control of the U.S. House, the data show that people were sending the smallest portion of their income to the federal government since 1979.

During Obama’s first year in office, the average tax rate paid by all households fell to 17.4 percent, down from 19.9 percent in 2007, according to the CBO. The 2009 rate was significantly lower than the previous low of 19.4 percent in 2003 and well below the 30-year average of 21 percent.

The tax burden — which includes all forms of federal levies, including income, payroll and corporate taxes — lightened for households across the board, thanks in part to Obama’s signature “Making Work Pay” tax credit and other tax cuts passed as part of the 2009 economic stimulus package, the CBO said.

Continued, more detail at:
http://www.washingtonpost.com/busine...bbW_story.html

[Clip-Clop]

One of my now former employees has the lowest tax rate she has ever had, she was laid off yesterday. I will have a much lower tax rate this year because I am making less, way less.

[Riot]

Originally Posted by Clip-Clop

One of my now former employees has the lowest tax rate she has ever had, she was laid off yesterday. I will have a much lower tax rate this year because I am making less, way less.

The Republicans say that's your own fault. You need to work harder.

[Clip-Clop]

Originally Posted by Riot

The Republicans say that's your own fault. You need to work harder.

I didn't need to work harder for the 5 years my companies were growing though. Prior to the last two that is.

[Riot]

Originally Posted by Clip-Clop

I didn't need to work harder for the 5 years my companies were growing though. Prior to the last two that is.

Which has nothing to do with the tax rates of our country currently being the lowest in 30 years, because it's an outright lie that "Obama raised taxes".

[Clip-Clop]

Originally Posted by Riot

Despite lies that Obama has raised taxes, that simply is not true. The below is also the reason we have a massive deficit.

http://www.washingtonpost.com/busine...bbW_story.html

In 2009, Americans paid lowest tax rates to Federal Government in 30 years

Americans paid the lowest tax rates in 30 years to the federal government in 2009, due in part to tax cuts sought by President Obama to combat the Great Recession, congressional budget analysts said Tuesday.

A sharp decline in income — especially among the wealthiest Americans, who pay the highest tax rates — also played a role, according to the report by the nonpartisan Congressional Budget Office. Household income fell 12 percent on average from 2007 to 2009, with income among the top 1 percent of earners falling by more than a third.

Still, at the very moment anti-tax protesters were emerging as the most powerful force in American politics, handing Republicans landslide control of the U.S. House, the data show that people were sending the smallest portion of their income to the federal government since 1979.

During Obama’s first year in office, the average tax rate paid by all households fell to 17.4 percent, down from 19.9 percent in 2007, according to the CBO. The 2009 rate was significantly lower than the previous low of 19.4 percent in 2003 and well below the 30-year average of 21 percent.

The tax burden — which includes all forms of federal levies, including income, payroll and corporate taxes — lightened for households across the board, thanks in part to Obama’s signature “Making Work Pay” tax credit and other tax cuts passed as part of the 2009 economic stimulus package, the CBO said.

Continued, more detail at:
http://www.washingtonpost.com/busine...bbW_story.html

This says 2009 over and over. Are those the policies of President Obama? So he managed not to ruin a good thing his first 11 months in office. Huzzah!

[Riot]

Originally Posted by Clip-Clop

This says 2009 over and over. Are those the policies of President Obama? So he managed not to ruin a good thing his first 11 months in office. Huzzah!

President Obama has not raised taxes. That is a lie. President Obama has lowered taxes. Business and personal taxes are the lowest they've been in 30 years under the Obama administration.

[Clip-Clop]

Originally Posted by Riot

President Obama has not raised taxes. That is a lie. President Obama has lowered taxes. Business and personal taxes are the lowest they've been in 30 years under the Obama administration.

How about deficit spending? The deficit itself? None of that would be his fault though, even with his remarkably low tax structure...

[Clip-Clop]

Originally Posted by Riot

President Obama has not raised taxes. That is a lie. President Obama has lowered taxes. Business and personal taxes are the lowest they've been in 30 years under the Obama administration.

Show everyone where exactly the President has lowered taxes please.

[Riot]

Originally Posted by Clip-Clop

Show everyone where exactly the President has lowered taxes please.

Are you a joke?

Click on the link in the first post in this thread - you know, it's the subject of the thread - and read the article.

[Clip-Clop]

Originally Posted by Riot

Are you a joke?

Click on the link in the first post in this thread - you know, it's the subject of the thread - and read the article.

I do not want to read anymore "as part of's" or "included in the legislature". You said Obama lowered taxes. I say lower income makes it look that way. Show me the lowering of taxes and changing of the tax code you are claiming.

[lord007]

Originally Posted by Riot

Despite lies that Obama has raised taxes, that simply is not true. The below is also the reason we have a massive deficit.

http://www.washingtonpost.com/busine...bbW_story.html

In 2009, Americans paid lowest tax rates to Federal Government in 30 years

Americans paid the lowest tax rates in 30 years to the federal government in 2009, due in part to tax cuts sought by President Obama to combat the Great Recession, congressional budget analysts said Tuesday.

A sharp decline in income — especially among the wealthiest Americans, who pay the highest tax rates — also played a role, according to the report by the nonpartisan Congressional Budget Office. Household income fell 12 percent on average from 2007 to 2009, with income among the top 1 percent of earners falling by more than a third.

Still, at the very moment anti-tax protesters were emerging as the most powerful force in American politics, handing Republicans landslide control of the U.S. House, the data show that people were sending the smallest portion of their income to the federal government since 1979.

During Obama’s first year in office, the average tax rate paid by all households fell to 17.4 percent, down from 19.9 percent in 2007, according to the CBO. The 2009 rate was significantly lower than the previous low of 19.4 percent in 2003 and well below the 30-year average of 21 percent.

The tax burden — which includes all forms of federal levies, including income, payroll and corporate taxes — lightened for households across the board, thanks in part to Obama’s signature “Making Work Pay” tax credit and other tax cuts passed as part of the 2009 economic stimulus package, the CBO said.

Continued, more detail at:
http://www.washingtonpost.com/busine...bbW_story.html

Good thing you do not live in Ct..Tax-a-geddon over here

[bigrun]

Originally Posted by lord007

Good thing you do not live in Ct..Tax-a-geddon over here

I hear ya, my best friend lives near Hartford and moans all the time about taxes...buys his booze out of state among other things...only good thing is he is close to Foxwoods...or is that a bad thing?

[Danzig]

http://news.yahoo.com/us-government-...--finance.html

WASHINGTON (AP) — The U.S. budget deficit grew by nearly $60 billion in June, remaining on track to exceed $1 trillion for the fourth straight year.

Through the first nine months of the budget year, the federal deficit totaled $904.2 billion, the Treasury Department reported Thursday.

President Barack Obama is almost certain to face re-election having run trillion-dollar-plus deficits in each his first four years in office. That would likely benefit his opponent, GOP presumptive nominee Mitt Romney.

The Congressional Budget Office predicts the deficit for the full year, which ends on Sept. 30, will total $1.17 trillion. That would be a slight improvement from the $1.3 trillion deficit recorded in 2011, but still greater than any deficit before Obama took office.


The GOP-controlled House has approved a budget that calls for deep cuts in Medicare and other programs and a new round of tax cuts that would favor wealthy Americans. (sheer stupidity in my opinion).

[dellinger63]

Originally Posted by Danzig

http://news.yahoo.com/us-government-...--finance.html

WASHINGTON (AP) — The U.S. budget deficit grew by nearly $60 billion in June, remaining on track to exceed $1 trillion for the fourth straight year.

Through the first nine months of the budget year, the federal deficit totaled $904.2 billion, the Treasury Department reported Thursday.

President Barack Obama is almost certain to face re-election having run trillion-dollar-plus deficits in each his first four years in office. That would likely benefit his opponent, GOP presumptive nominee Mitt Romney.

The Congressional Budget Office predicts the deficit for the full year, which ends on Sept. 30, will total $1.17 trillion. That would be a slight improvement from the $1.3 trillion deficit recorded in 2011, but still greater than any deficit before Obama took office.


The GOP-controlled House has approved a budget that calls for deep cuts in Medicare and other programs and a new round of tax cuts that would favor wealthy Americans. (sheer stupidity in my opinion).

What's the interest owed on that $4 trillion?

Maybe we didn't spend enough?