Tom Toles for August 20, 2012

The solution is to put the anti-Obama pond scum on a boat to Somalia or South Sudan where they may be happy without Obamacare, but they may never be happy.

GOP’s working on it.

income gap is so wide. wall street prospers, main street suffers. and, how some wall street who make 250000 are living paycheck to paycheck, and they have to take their kids out of private school, and drive 30 miles for 6 dollar salmon steaks, and couldn’t go to mardi gras this year and had to sell one of their 20 porches. break up these banks.

I see the troll twins are up this morning.

Ima, Obama cut my taxes more than Bush did. Romney’s going to raise my taxes more than Obama will. Those are both facts. I don’t mind paying more taxes if it goes to reducing the deficit or supporting America. But I do mind paying more taxes if it’s just to give huge tax cuts to the wealthy. Money in Swiss bank accounts and the Caymans does not produce jobs at home. Vote Democratic this fall.

Ryan’s plan is simple, trillions in tax cuts to the rich. To ‘balance" the budget, he’ll have to do away with almost everything the government does except the military – so cuts to the rich mean service and education cuts to the rest of us. Fewer Pell grants, fewer dollars for Medicare and Medicaid, almost nothing for infrastructure, but big bonuses for those Defense contractors.

“O is working hard to raise taxes on everyone”You are misinformed, or are a liar. I assume you yourself do NOT pay taxes or you would know. As @ARodney above wrote, Obama has provided tax credits and payroll tax cuts for middle class for last three years. Starting with the 2009 Stimulus.Romney promises to ’broaden the tax base. Translation: Taxes going up for median income brackets.

"The US 1% ……Their money is not in a mattress it is in the economy invested allowing the economy to grow and yes to make them more money.‘Wrong. Their money is in ’overseas holdings’ and ‘partnership trusts’. Translation: 100s of millions of dollars pulled out of circulation in the US economy and put into cold freeze in foreign banks.That’s why the recession lingers. The money needed to stimulate the economy is locked up in Switzerland, Cayman Islands; Luxembourg.

“you are mixing money earned oversees and those earned domestically.”No, people like Romney . . . they are mixing money earned overseas with money earned domestically. That’s how they avoid paying taxes.There’s schemes like the “Dutch Sandwich” and the “Double Irish” where money is moved in bewildering complexity throughout the world, to take advantage of the byzantine loopholes in the tax code.Here’s one article, but there’s dozens to look at.

A few groups were shown the details of Ryan’s plan. they found it so cruel to the voters that they just Could NOT believe any politician would say such a thing. eYou might want to check out Alternet, the article “the conscience of conservatives”is on why would people vote against their own self interest? To cruel to believe, so he must not have meant to say that!l

“Money earned overseas should be tax free when moved into the US economy.”That’s called a ‘tax holiday on overseas money’, and we’ve done that a few times, and in principle it’s a good idea. However, since many of these entities have been exploiting the tax code to the maximum . . . it’s only rewarding bad behavior.We often hear that the “US has one of the highest corporate tax rates in the world” and technically that’s true, but no one is paying that rate – except purely domestic entities, like Costco, who get ‘punished’ for being honest. Some of these corporations pay very low taxes, or no taxes – some even get tax refunds!!Every economist I’ve ever heard – right, left or center – agrees that we desperately need to reform our tax code. Set the rates lower, keep them stable, and clean out the massive webs of loopholes. That way both business and government can do long-term strategic planning for productivity.Which is why it’s hard to imagine that Romney, who has exploited the tax code more than anyone, is the guy who’s going to reform it. But then again . . . who knows . . . only ‘Nixon can go to China’ as they say . . .

Market bears ate most of the “middle class”, in ’29, and again in ’08, using the same techniques Ryan/Romney want.

Being “median income”, my taxes DID go DOWN under Obama, it wasn’t huge, but it was down. Ryan/Romney WILL increase MY taxes under their plan, but lower their own, and their friends’.

they will lower theirs from 13% to about 1% since they are adding in tax CUTs for their friends to about 12% and increasing the middle class taxes to around $2,000 a family a day forever. PermanetlyI am having dislexia real bad today, sorry..

Where have all the middle class gone? This country is more divided than ever by economic inequality. try and fix it and the Reeps scream “CLASS WARFARE!”.

Just another BTW, in the U.S. today, looking at income inequality, the ’toon would need a thirty story building.