Friday, September 10, 2010

Tax Drivel...

TODAY...Mr. President Barack Hussein Obama said extending tax cuts for the wealthy (defined as households who make more than $250,000) was a "bad idea" because it costs too much and that extending the tax breaks for the wealthy represent "probably the worst way to stimulate the economy."

Obama also said: "We can have a further conversation about how Republicans want to spend an additional $700 billion to give an average of $100,000 to millionaires," he said, emphasizing his position that "there are a lot better ways of spending it."

Let’s go to the NUMBERS, the STATISTICS, the GRAVY, the FACTS, the CHEESE or whatever you want to call it….

….apparently our President doesn’t look at the numbers that His own Treasury Department releases…

AFTER THE (BUSH) CUTS WERE IMPLEMENTED in 2001 - Individual income taxes collected by the US government rose from $858 billion during fiscal year 2002 to $1.16 trillion during fiscal year 2007. This was an increase of +35.5% or +6.3% per year (source: Treasury Department).

....insert my joke here: a republican and 3 democrats walk into a bar....run up a nice tab....republican leaves right before the bill comes....who pays???

Answer: the republican still pays because the 3 democrats are living off his tax dollars.

Question: If all republicans moved out of the U.S., how would the democrats pay themselves??? seriously this is an honest question....just ponder it for a bit...tax and spend, tax and spend...then the tax dissapears how do you spend???

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