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Economy death watch

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  • #31
    Originally posted by Patroklos
    If it makes you feel any better, most of those taxes don't come from the average joe
    That's simply not true. If you take the total tax burden on all levels and add in tax receipts from corporations too (in other words all tax income) then you're way off the mark. You're only talking about income tax.
    Try http://wordforge.net/index.php for discussion and debate.

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    • #32
      Income taxes normally account for well over 50% of tax takes, but then, most taxes are paid by people earning a lot of money.

      To give the benefit of the doubt I would assume that he is talking about demographic, not about type of taxation (corporate, income etc). ie The richest 10% pay something like 90% of the taxes. The average Joe therefore pays peanuts in comparison.
      One day Canada will rule the world, and then we'll all be sorry.

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      • #33
        Originally posted by The Mad Monk
        ...and thus at the first whiff of trouble, all the "informed" customers pull their money out, and the banks crumble under a run.
        i don't really understand your point, seeing as how that's pretty much what happened at northern rock...

        of course, there wasn't a lot of depositor's money there to start with, which is why the rock crumbled when the credit markets seized up.
        "The Christian way has not been tried and found wanting, it has been found to be hard and left untried" - GK Chesterton.

        "The most obvious predicition about the future is that it will be mostly like the past" - Alain de Botton

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        • #34
          Originally posted by Dauphin
          The richest 10% pay something like 90% of the taxes.
          Even Rush Limbaugh only claims that they pay less than 65%.
          I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
          - Justice Brett Kavanaugh

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          • #35
            Originally posted by DanS
            We're not dead yet!
            You're wrong.

            More key observers are saying the U.S. economy is in recession. What are the implications of the R-word — and what is the import of the Federal Reserve's decision to help bail out the ailing investment bank Bear Stearns?


            Basically the US is now in recession and it's just a matter of time before the official report comes out. Chalk two recessions up for Bush.
            Last edited by Dinner; March 17, 2008, 18:38.
            Try http://wordforge.net/index.php for discussion and debate.

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            • #36
              And he's ignoring state and local taxes to boot. When you look at the total tax burden which everyone pays the numbers are much more balanced.
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              • #37
                I don't think the first one was his fault, given it happened less than a year into office.
                <Reverend> IRC is just multiplayer notepad.
                I like your SNOOPY POSTER! - While you Wait quote.

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                • #38
                  Still on his record.
                  Try http://wordforge.net/index.php for discussion and debate.

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                  • #39
                    Originally posted by Oerdin
                    And he's ignoring state and local taxes to boot. When you look at the total tax burden which everyone pays the numbers are much more balanced.
                    Care to share those numbers?
                    One day Canada will rule the world, and then we'll all be sorry.

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                    • #40
                      Originally posted by Dauphin

                      Care to share those numbers?
                      Don't hold your breath.
                      Unbelievable!

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                      • #41
                        I ain't looking them up but logic says all those property taxes, sales taxes, and local fees (effectively taxes for government services) add up to a pretty penny.
                        Try http://wordforge.net/index.php for discussion and debate.

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                        • #42
                          What a ****ing cop-out.
                          One day Canada will rule the world, and then we'll all be sorry.

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                          • #43
                            Sorry, I didn't mean to be rude.
                            One day Canada will rule the world, and then we'll all be sorry.

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                            • #44
                              Try http://wordforge.net/index.php for discussion and debate.

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                              • #45
                                Well I bet they certainly aren't paying their taxes.
                                One day Canada will rule the world, and then we'll all be sorry.

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