Tag: Tax Cuts

Senate cuts taxes for business: and call it a ‘Jobs’ bill

Under the bill now heading to President Obama’s desk, businesses that hire workers who have been jobless for at least 60 days will be exempt from paying the 6.2 percent payroll tax on those employees’ earnings until the end of the year. If those workers stay on for a full year, businesses will also get a $1,000 tax credit. (The employee’s pay would still be subject to the usual personal income taxes.) The business tax breaks would add up to about $15 billion in all.

Of course, yeah… that’ll do pig.

The US government is basically just a conduit for taking money from employees, or future generations at this point, and giving said money to the largest companies, on the theory that some of that money will trickle down–which some of it will (right to congress) .  

Historical Income Tax Rates for the Top Tax Bracket — with Charts

Increasing the Tax rates on the Wealthy — can it happen? should it happen?

Dare we let the fabled “Engine of the Economy” grind to a halt?

How about a little Historical Perspective — How does the “Upper Crust” ever manage their Tax Burden?



(Click for Larger Image)

(By the way, that red line is the “Historical Trend” for the Tax Percentage Rate, for the Top Tax Bracket in America.  It just keeps going down.)

How much do you have to make, before that burdensome Top Percentage Rate kicks in? — here are the Historic Thresholds:



(Click for Larger Image)

(That Super Wealthy threshold, has been creeping up since 1992.)

National Taxpayers Union

Obama stimulus plan to include major corporate tax cuts

Original article, by Jerry White, via World Socialist Web Site:

For weeks, spokesmen for the incoming Barack Obama administration have suggested that they would respond to the economic crisis by launching a massive program of public spending, with some supporters comparing the scope of the planned economic stimulus package to Roosevelt’s New Deal measures during the Great Depression.

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