Gut Rumbles
 

April 18, 2005

taxes

Yeah, the Democrats are correct. Here is what tax cuts for the rich give you while those evil Republicans are trying to balance the budget on the backs of the poor.

President Bush reported taxable income of $672,788 for last year, on which he paid $207,307 in federal income taxes, according to presidential returns released Friday by the White House.

Remember Jimmy Carter? He's the President who earned more than $600,000 back in 1976 and didn't owe ANY federal income tax thanks to taking advantage of tax loopholes available at the time. Good old Generous Jimmy paid $6,000 that he didn't owe, just to show what a loyal American he was.

That's a 1% tax on HIS money. I don't do math, but I think Bush paid about 30% on HIS money. That's one of the big differences between Democrats and Republicans right there. Democrats like to spend other people's money and call that compassion. They are not fond of parting with their own cash.

They want to "tax the rich!" when the rich usually pay more in taxes in one year than some Democrats earn in a lifetime. Bejus! I was taxed as if I were a rich Republican this year. I receive NO handouts from government, either. I'm too "rich" to qualify for any of those goodies. I just pay for them.

So, we suck the bag to about 30% of everything we earn being siezed by the FEDERAL government. That doesn't count all the other taxes we pay.

This is a fucked-up system and it needs to be changed. God himself asked for only 10%.

Comments

don't be an ass Rob.... what tax loopholes do you think George used to get down to $800k of income.... aside from that, 1976 vs 2004.... whatever......

Posted by: Kelley on April 18, 2005 04:56 PM

okay, so I can't type... $700k.... the system DOES suck however......

Posted by: Kelley on April 18, 2005 05:08 PM

Fuck what Bush did. HE PAID!!!

Carter didn't. Why? A peanut farm. There's your answer, you ignorant wench!

That's another reason why I disliked Bush signing that bloated Farm Bill.

Posted by: Acidman on April 18, 2005 05:09 PM

It would be interesting to compare just what Dem pols pay vs what Rep pols pay as a percentage. It just might prove to be very educational on the reason they want to keep the system as it is...The present system encourages gamesmanship and "working the system" that only the wealth can afford to do.

Personally, I am a big fan of the "Fair Tax" proposals being made.

The government got along quite well for the first two hundred years of the republic taxing consumption rather than income, and we should go back to that system. It rewards achievement and thrift, unlike our present system, that does just the opposite.

Posted by: delftsman3 on April 18, 2005 09:24 PM

Fair Tax
information here.

Posted by: delftsman3 on April 18, 2005 09:25 PM

Shit, I paid those cocksuckers 11,000.00 and I have not worked in three years, something wrong with that picture, Cat

Posted by: catfish on April 18, 2005 10:58 PM

this wench knows both Carter and Bush used whatever tax loopholes that were legally available to each in order to pay the least amt they had to... sorry if Carter's business was more beneficial in that respect....

Posted by: Kelley on April 19, 2005 12:32 AM

I believe that last year when there was a huge hubaloo about who paid what in taxes, It came out that the Bushes and Cheneys both gave rather large amounts to various charities as their form of lowering their taxes. I won't comment on what charities were given to, as I don't know which.

Posted by: Mythilt on April 19, 2005 10:55 AM

Lest ye forget the great Algore paid $180.00 bucks in taxes the year he ran and BJ Billy Clinton wrote off his donated underware and socks...(not the cat!)

Posted by: Rumbear on April 19, 2005 02:11 PM
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