Comments on: More Brother-In-Law Retorts, Labor Day Edition

By: Jared Bernstein

Jared Bernstein — Sat, 03 Sep 2011 04:32:11 +0000

Thanks for sharing this…these McClatchy folks consistently do great work.

By: John Kurman

John Kurman — Fri, 02 Sep 2011 23:35:36 +0000

I would like to point out that those who do not pay federal income taxes still have it withheld on their paycheck. They get a refund, true, but… that’s money they are loaning to the government at zero interest which they do not have access to for one full year.

BTW, monies from the refund is almost always spent on basic necessities. Has a study been done on periodic impact to the economy through these lower income refund cash infusions? I’d bet it partially puts the lie to “the poor don’t create jobs”.

By: marc sobel

marc sobel — Fri, 02 Sep 2011 19:17:48 +0000

Just thought of another variation,

“Just because they own the yachts doesn’t mean that the top 1% should have to shoulder the burden of the taxes on them by themselves.”

By: Andy Olsen

Andy Olsen — Fri, 02 Sep 2011 17:16:49 +0000

This just in from McClatchy:

Regulations, taxes aren’t killing small business, owners say

In order to do business in today’s environment, government regulations are necessary and we must deal with them. The health and safety of our guests depend on regulations. It is the government regulations that help keep things in order.”

By: Jeff H

Jeff H — Fri, 02 Sep 2011 15:53:36 +0000

When someone claims that the poor don’t pay “their fair share” of taxes, or “no taxes at all” I go straight for the juggler:

“What are you, a SOCIALIST!”

“What are you a tax and spend liberal? We aren’t taxed enough?”

“What are you trying to do, spread it around? Shared sacrifice? SOCIALIST! I bet Chairman Obama would love you”

lol

By: marc sobel

marc sobel — Fri, 02 Sep 2011 15:19:49 +0000

On the paying no income tax, I also like to remind people that less than 1% of the population has almost all the burden of yacht taxes

Actually, it’s worse http://www.seattlepi.com/local/article/Yacht-owners-enjoying-a-huge-perk-tax-breaks-1159098.php

And without the second home deduction, many Republican’s would be second homeless.

By: joe

joe — Fri, 02 Sep 2011 08:48:50 +0000

“we’ve had periods of extremely robust job growth with regulatory regimes much like today’s.”

Very true.

nonfarm payroll job growth
Jan 1977 80692
Jan 1981 91031 3.06% a year under Carter
Jan 1989 107133 2.05% a year under Reagan
Jan 1993 109725 .5% a yaer under Popa Bush
Jan 2001 132469 2.3% a year under Clinton
Jan 2009 133563 .1% a year under Baby Bush

JOB CREATION RANKING:
#1 – Carter 3.06% a year
#2 – Clinton 2.3% a year
#3 – Reagan 2.05% a year
#4 – Popa Bush .5% a year
#5 – Baby Bush .1% a year

Reagan vs Carter excluding Fed tightening years (80-82)
Jan 1983 – Jan 1989
88981 107133 —– 3.1% a year

Jan 1977 – Jan 1980
80692 90800 —– 4.01% a year

Jimmy wins.

By: Fr33d0m

Fr33d0m — Fri, 02 Sep 2011 06:46:39 +0000

I have one of these guys at work and all I have to do is start out saying that its not really like that in a “matter of fact” voice and he starts backing down.