Homepage - RF Cafe
Webmaster: Kirt Blattenberger | KB3UON | Sitemap | ©1996-2014     Visit RF Cafe on
      Menu below is just a small sample of what is here!          Visit RF Cafe on Facebook Visit RF Cafe on Twitter Visit RF Cafe on LinkedIn
Custom Search
More than 10,000 searchable pages indexed.
•−•  ••−•    −•−•  •−  ••−•  •
RF Cafe Morse Code >Hear It<

Bush-Era Tax Cuts - RF Cafe Forums

Because of the high maintenance needed to monitor and filter spammers from the RF Cafe Forums, I decided that it would be best to just archive the pages to make all the good information posted in the past available for review. It is unfortunate that the scumbags of the world ruin an otherwise useful venue for people wanting to exchanged useful ideas and views. It seems that the more formal social media like Facebook pretty much dominate this kind of venue anymore anyway, so if you would like to post something on RF Cafe's Facebook page, please do.

Below are all of the forum threads, including all the responses to the original posts.

 Post subject: Bush-Era Tax Cuts
Posted: Fri Dec 03, 2010 12:36 am 
Site Admin
User avatar

Joined: Sun Aug 03, 2003 2:02 pm
Posts: 878
Location: Erie, PA
As you might know, I am the last person to defend the government for its tax policies. However, I am surprised to listen to the talk about the current Bush-era tax cut extensions and how tax cuts for the "rich" will not be included. The fact is that the tax increase will only be applied to taxable income above whatever the threshold is for the highest bracket.

Since we have a graduated tax code, everyone who pays taxes (only about half of Americans pay any income taxes at all) pays the same percentage for each bracket. Using hypothetical tax brackets and rates, here is how income taxes of various taxpayers would get screwed:

Taxable Income ___ 5% up to $50k ____ 10% from $50k to $100k ___ 15% above $100k ___ Total Tax
Payer A @ $30k ___ .05*$30k=$1,500 _____________________________________________ $1,500
Payer B @ $75k ___ .05*$50k=$2,500 ____ .10*$25k=$2,500 __________________________ $5,000
_____________________________________________________________________________ (not .10*$75k=$7,500)
Payer C @ $135k ___ .05*$50k=$2,500 ___ .10*$50k=$5,000 _______ .15*$35k=$5,250 ____ $12,750
_____________________________________________________________________________ (not .15*$135k=$20,250)

So, that means the "rich" still do not pay any more for the lower part of their earnings than do the non-rich.

The fact is, though, that people with very high incomes have the means to deduct or shelter a lot more of their income than do lower income people, so effectively their total tax rates are much lower even than indicated above.

I think everybody should pay some amount of income tax because everyone benefits from those of us who pay the way for the rest. Even proposed flat tax schemes allow a huge percentage of people to pay nothing for the services they receive.

I find it interesting that you never see news reports of "the rich" marching in the streets to protest all the fruits of their labor being confiscated from them, but we see almost daily those who pay nothing protesting that they are not given enough, and of course never issue any sort of public "thank-you" to the people who pay their way.

- Kirt Blattenberger :smt024
RF Cafe Progenitor & Webmaster

 Post subject: Re: Bush-Era Tax Cuts
Posted: Sat Dec 04, 2010 12:11 am 
User avatar

Joined: Sat Apr 22, 2006 11:14 pm
Posts: 24
The Rich don't need to march in the street. They go to private, $10k/table dinners directly with politicians to make their voices heard....

 Post subject: Re: Bush-Era Tax Cuts
Posted: Sat Dec 04, 2010 1:11 am 
Site Admin
User avatar

Joined: Sun Aug 03, 2003 2:02 pm
Posts: 878
Location: Erie, PA
RFDave wrote:
The Rich don't need to march in the street. They go to private, $10k/table dinners directly with politicians to make their voices heard....

Yes, the super-rich do enjoy such priviliges. However, now "rich" is being redefined as $250k or even $200k per year. According to the Bureau of Labor Statistics' online inflation calculator, earning $250k in 2010 money is equivalent to earning $196k in 2000, and $149k in 1990.

The term "millionaire" doesn't mean what is used to mean, especially to a 50-something person like myself. For a sobering perspective, in the year I was born, 1958, earning $33k would buy you what $250k buys today. To work it in the other direction, a person worth $1.0M in 1958 had the buying power of someone worth $7.5M in 2010.


Sure a million bucks is still a lot of money, but the definition of "rich" keeps going down in while the buying power of the earnings goes down as well, so it is a double insult. This is all part of a class envy campaign. The government make as many people as possible dependent on it for sustenance, and then blames the "rich," who, by definition, is anyone making more than you do.

It is a nefarious scheme that has destroyed countries throughout the ages.

- Kirt Blattenberger :smt024
RF Cafe Progenitor & Webmaster

Posted  11/12/2012
A Disruptive Web Presence

Custom Search
Over 10,000 pages indexed! (none duped or pirated)

Read About RF Cafe
Webmaster: Kirt Blattenberger

RF Cafe Software

RF Cascade Workbook
RF Cascade Workbook is a very extensive system cascaded component Excel workbook that includes the standard Gain, NF, IP2, IP3, Psat calculations, input & output VSWR, noise BW, min/max tolerance, DC power cauculations, graphing of all RF parameters, and has a graphical block diagram tool. An extensive User's Guide is also included. - Only $35.
RF system analysis including
frequency conversion & filters

RF & EE Symbols Word
RF Stencils for Visio

Product & Service Directory
Personally Selected Manufacturers
RF Cafe T-Shirts & Mugs

RF Cafe Software

Calculator Workbook
RF Workbench
Smith Chart™ for Visio
Smith Chart™ for Excel
Your RF Cafe Progenitor & Webmaster
Click here to read about RF CafeKirt Blattenberger... single-handedly redefining what an
                                 engineering website should be.

View the YouTube RF Cafe Intro Video Carpe Diem! (Seize the Day!)

5CCG (5th MOB): My USAF radar shop

Airplanes and Rockets: My personal hobby website

Equine Kingdom: My daughter Sally's horse riding website