Gov't Report: Taxes Will Go Up, Especially For The Poor

[Scripture Bird]

Americans at all income levels will be paying more in taxes under current policies, according to this month's long-term budget outlook report by the Congressional Budget Office, with the working poor seeing a greater increase in income taxes.

Even if tax rates are unchanged, Americans will be paying more in taxes due, in part, to how tax policies are structured in relation to inflation and wage growth, according to the report, and these higher payments will be a disincentive to work and save.

Full July 18, Christian Post Article HERE

That's brilliant. The poor make the rich richer.

 

[HisManySongs]

Full July 18, Christian Post Article HERE

That's brilliant. The poor make the rich richer.

Welcome to the oligarchy.

 

[Scripture Bird]

Oh, sadly I'm not new to awareness of that one. Golden rule and all that.

 

[HisManySongs]

Oh, sadly I'm not new to awareness of that one. Golden rule and all that.

Their version is 'whoever has the gold makes the rules.'

 

[Scripture Bird]

Their version is 'whoever has the gold makes the rules.'

That's exactly what I meant. Tragedy that it is this way. But hasn't it always been since the dawn of money and civilization?

 

[HisManySongs]

That's exactly what I meant. Tragedy that it is this way. But hasn't it always been since the dawn of money and civilization?

Yup. As long as greed rules their lives, it will continue.

 

[Scripture Bird]

Until the day they die. Because you never see an armored car and a U-Haul following a hearse.

 

[Dave Lucas]

Full July 18, Christian Post Article HERE

That's brilliant. The poor make the rich richer.

This is because there are plutocrats in all three branches of the US government.

But nothing will be done. Americans cannot be taken away from their beer and TV.

That is much more important than fighting corruption.

Who is wining on American Idol far better use of time.

 

[Barnabas]

We have the grassroots (e.g. the Tea Party) of the Republican party ironically wanting the government to raise taxes on the poor and middle-class, because anything else is "class warfare".

 

[Dave Lucas]

We have the grassroots (e.g. the Tea Party) of the Republican party ironically wanting the government to raise taxes on the poor and middle-class, because anything else is "class warfare".

The tea party is backed by wealthy people as well.

These politicians and their cronies are the same beasties. Just one has stripes and the other has spots.