Comments on: Rudy’s latest New Hampshire ad

By: Walter Barrett

Walter Barrett — Mon, 03 Dec 2007 01:12:21 +0000

How’s this hit you? Warren Buffet complained that he paid a 17.7% tax rate on his $46 million of taxable income in 2006, while his employees paid an average 32.9% tax rate (his receptionist’s tax rate was 30%).

This was on an interview he did with Tom Brokaw.

I’d be a hell of a lot more receptive to tax cuts IF guys like Warren Buffet paid the same rate as the rest of us. Just remember guys, when the GOP talks about tax cuts, the folks who get the most benefit from them are guys in Buffet’s income bracket. The average schmoe that makes in the mid six-figures is lucky to get a couple of hundred back. That should be enough to buy gas for a week or two.

By: the consultant

the consultant — Sun, 02 Dec 2007 20:09:46 +0000

I agree as well that trickle down during a war is not
good policy…and I also agree that if we are in a war
taxes should be levied to pay for it..”that might affect
the way Hillary voted wouldn’t you think”
I also agree that the AMT is a horrible tax..however
as a general policy taxes discourage production and
investment not the other way around…but republicans
have not done a very good job on the deficit…so their
heart is in the right place but unfortunately they
spend just as much as the democrats..

By: Walter Barrett

Walter Barrett — Sun, 02 Dec 2007 14:50:19 +0000

Sorry, consultant, I don’t buy trickle-down economics. Didn’t work during the Reagan years, ain’t gonna work now.

Tax cuts during a war are unheard of. When you start out with a big surplus, cut taxes, start a war that bleeds the surplus into a huge deficit, you’ll excuse me if I don’t buy into the GOP’s so-called fiscal conservatism. Couple that with Rudy’s cheerleading for the war in Iraq, and his stance on Iran, and that leaves me with very little optimism that things will get better for me or my kids financially.

BTW, I live in Putnam, so I get to blame my tax rates on Republicans.

By: the consultant

the consultant — Fri, 30 Nov 2007 22:42:20 +0000

Walter…here is how it works…your rich buddies are still
rich…but if their capital gains taxes are lowered
then they will take more profits off the table..when
they do that they may pay at a lower rate but the
stimulous causes larger absolute revenues to the
government…spending increases are the problem
and even national republicans have done a lousy
job controlling spending…but primarily its the
war..a war we should not have begun…
however from an economic point of view..reducing
the tax rate which john kennedy did in the 60’s
does increase revenues…Its funny hearing you
complain about your taxes..but I’ll bet you vote
for democrats all the time..who have a habit
of raising taxes…look at the 23% tax increase
in greenburgh this year….just keep spending the
money..and your rich buddies will still be rich
but you won’t

By: Walter Barrett

Walter Barrett — Fri, 30 Nov 2007 12:33:21 +0000

â€œI know that reducing taxes produces more revenues.”

What?

Is that like, if you pay somebody less per hour, he’ll have more take home pay?

Or is it, if we cut taxes (while spending like a drunken sailor), my rich buddies will make more revenue?

Glad Rudy ain’t the one doing my tax return or balancing my checkbook, I can’t afford his math.