McCain's last standFollow

So you want to eliminate all tax credits. Check. You know that since I'm a full-time student, I will receive net refund next year? That must really boil your bones.

Who do you think pays for your free college and other benefits you get for serving in the Coast Guard? What about your signing bonus and benefits for your children? I do. Don't tell me you earned it either, otherwise that flies in the face of any argument you make against tax credits.

Obviously you're misintepreting them for your own ends.

Going back to the numbers they used, we have:

~11.8 million couples who get everything they paid back
~8.3 million couples who don't have to file

~30.7 million single filers who get everything they paid back
~6.7 million individuals who don't have to file

for a total of roughly 77.6 million potential taxpayers who have no net tax liability.

This is not 40% of the population. This is roughly 25.4% of the population, because the other 42.4 million people counted in your 40% figure are children.

According to the '00 Census, roughly 72 million people were under the age of 18. A safe assumption can be made that, while the population has grown since then, the change is roughly balanced out by "children" under the tax code who were college students that have since reached the age of 24 and no longer count as such.

So: "ZOMG THERE'S NEARLY HALF THE POPULATION THAT DOESN'T PAY TAXES!" (149.6 million out of 305.4 million, for 48.98%) is just as accurate as your 40% figure... which is to say, it's horribly misleading.

Apparently, you are as dumb as you thought I thought you were. They have ZERO TAX LIABILITY because they meet criteria that nullifies any and all taxes they pay. Every week, same as you and I, their paychecks have deductions for state/federal/SS/medicare taxes. HOWEVER, WHEN THEY FILE THEIR TAXES--and this is the important bit--THEY HAVE KIDS which qualifies them for a tax credit per child. Some people that work minimum wage, this tax credit completely nullifies their taxes paid and they get a net return.

You're confusing the usage of liability. There isn't some magic wand poor people wave to waive their paycheck deductions. The tax liability figure you are using refers to the fact that they are liable for NO taxes once they complete their tax return. Thus they pay the taxes over the course of the year, and get all their money--plus more for some--back.

Edit: and quit throwing the stupid 95% blah blah blah bit in my face. YOU'RE TALKING TO SOMEONE THAT SUPPORTS LIMITED SOCIALISM. Good, tax the rich even more. Trickle up economics > trickle down.

Edited, Oct 18th 2008 2:14am by Paskil

So is social security, medicare, and many of the tax credits you seem to hate. It's funny how McCain is collecting his social security check still. You would think that with his wife's wealth, he would give that money back.

Also, I get free money? Excellent!

I don't suppose you sent your rebate check back to the treasury did you? Also, you'll have to link the voting numbers on the bailout you hate so much. I seem to recall it not being a straight ticket vote.

I did?

All I wanted is free money. Tell me then oh wise one, how does McCain plan to pay for his multi-hundred billion dollar corporate tax cut? Tax the middle class? Gee lets dump socialism for the Oligarchy!

Edited, Oct 18th 2008 2:33am by Paskil

So assuming he was able to get all of the pet projects he has been espousing forced through Congress, he's going to pay for it with a spending freeze? Have you examined the numbers on how much his health care plan will cost. Last I saw, it was estimated at over a trillion dollars. So while he has a spending freeze on everything except defense and VA, how is he going to pay all the governemtn employee's? Is he going to freeze his salary also?

BOTH candidates have made quite a few promises that will simply add to the deficit and debt. Across the board spending freeze + U.S government? Like that will actually work. At least with Obama, the people that will actually spend the money will get it.



Que?

Also, the bulk majority of money spent by government is Social Security, Medicare, and Defense. I'm sure all those dollars we save by not paying for peoples healthcare and salary will fix our budget right up.

Edited, Oct 18th 2008 2:48am by Paskil

Oh, BTW:

I have no intention of voting for Obama or McCain.

Joph, DF, what are your real names so I can officially write you two in?

This line of thinking makes me sick, and I've just got to rant for a second.

We live in a country that, for too long, has turned the other cheek while the working class people get suffocated by stagnant wages and steep inflation.

We live in a country where people shrugged off the accusations of "facism" when the party in power gave themselves and their rich friends a big, juicy tax break, while dropping a few crumbs to pacify the masses.

Now, here's a candidate who wants to slightly raise taxes for people who make more than enough money to live comfortably, in an attempt to keep the working class population from sinking into a real economic crisis... and people say this is socialist???

Personally, if this is socialist, then how is what the Republicans have done over the past eight years NOT facism? (I don't think it is, I'm just making my point.)

It saddens me that so many Americans are buying into McCain's BS. Really, it's sad. It reflects very poorly on us. Makes us look completely stupid in the eyes of the rest of the world. Not like that's anything new though, heh.

Really, there's no excuse for this kind of stupidity. Most people have access to the Internet, newspapers or other sources of information from which to educate themselves. I'm not saying it's stupid to be a Republican. I have some Repub tendencies myself, and there are valid arguments to be made behind the party's economic theories.

However, this "ZOMG OBAMA IZ A SOCIALIZT!!!" stuff is just BS. Complete. Total. BS. It's reckless and irresponsible. It's clearly a last-ditch effort by a desperate candidate who knows all too well that the collective IQ of his fanbase is far too low to grasp real, valid argument.

It's sad, because I used to have a lot of respect for McCain. I really used to think of him as a maverick. Now, the paper bag mask is off... and he's just another political crony.

He used to be a hero, and now he's a disgrace... and tragically, nearly half of the country is being deceived by his BS.

I guess I'll just take comfort in this one thought... if by some dark turn of events McPalin still wins this election, I'll know that whatever crap happens over the next four years will not be my fault.