This almost sounds like something Beeg would type.......if he was Republican.....LOL
Obama has flip flopped on every major issue, which serves to mask his ideology. But he has not flipped on how he will approach taxes and expenditures. Like a true Marxist, he will tax those that earn, and give to those who idle. Obama’s core policies are Marxist. State run Health Care. Increased payroll taxes on the middle class and wealthy to pay Social Security benefits.
Obama preaches the good sermon on the campaign trail with the mantra of Hope for the US and Change for Washington. But looking past the rhetoric, into his ties with the radical left, and into his core beliefs, his Liberation Theology indoctrination, and arrogant campaign symbols, it is easy to see the very real danger an Obama Presidency will bring.
Is this something that could ultimately hurt Obama’s Candidacy? In the words of one skeptic “I think you could have video footage of Obama biting the head off of a real bald eagle, throwing its carcass on an American flag, and lighting the whole thing on fire while smoking crack and it wouldn't cost him a single vote.”
This sentiment is very likely, and it should scare all of us
Posted by glassman on :
gee surf, i only budgeted to buy 5000 more rds today do you think i should double it?
Posted by a surfer on :
quote:Originally posted by glassman: gee surf, i only budgeted to buy 5000 more rds today do you think i should double it?
LOL I don't own a gun........YET.
Posted by a surfer on :
Obama dropped the $250K figure to 200K when his math was challenged. Now Biden said to fund their Trillion + in programs they have to go down to about $150K income for tax increases on Biz's and Indiv's. Economists say it's more like $50K or more incomes to fund their redistribution policy and new programs. Obama is a liar. Misconstrued? The Heritage Foundation has ordered him to cease and desist or they will sue him to stop misrepresenting their endorsement of his tax scheme.
Posted by raybond on :
I have got a better idea lets just give another 700 billion to the capitalist so they can buy up the weaker of them and give more money to the auto industry.
they have had 40 years of tax reductions lets give them more and make sure they pay nothing.
and to make sure they get futher tax reductions give them what is left of social security and burn the I.O.Y's that are sitting in the fund.
That way the right will stop calling us names and we will all fell better.
You people on the right are sick fascist you are like cancer in a healthy body
Posted by Machiavelli on :
Funny thing A Surf... all you are saying is nothing but propaganda... to scare people into voting for the wrong person who will drag the country even further down with an unexperienced running mate whose experience in international politics is that her state is right next to Russia lol
And not for nothing but these same scare tactics more or less were used on Franklin D. Roosevelt's campaign and guess what? under or right after FDR this country prospered like never before. Almost everyone had a job, home, savings etc.. and whether you like to admit it or not or because of ignorance but some social programs are needed in any society because if there isn't any there really will be no middle class and there will only be rich or poor in this country like in many other country with no social programs... no social programs will equal more poor in the future because when one needs assistance there will be none... and if that happens and someone decides to reverse that to include social programs again you will definetly see a big tax increase then what Obama is proposing...
the thing that amazes me is that no one gets what kind of debt our country is in and do not get how that will be paid off... with our taxes... if not then countries like China will have us by the balls for many years to come... we need to pay that debt off as much as we can and in the smallest time frame as we can so we can once again propser.. if that means a modest tax increase to do so then so be it... increase taxes now so they can be cut dramatically later on when we balance our budget and once again have a surplus... makes sense? I think so...
If not then America will be like a common person with too much debt that can't be repaid... it will be bankrupt... look at Iceland lately:
Is that what you want for us? Because if that happens it will make the Great Depression look like a walk in the park.
What Obama is proposing is not true Socialism... that word is *******ized and used wrongly to scare the uninformed and uneducated... We will always be capitalists but some social programs are needed to keep us from breaking apart... it is the GOP that usually gets us in these types of messes and history has shown that... you can't cut taxes if you do not cut spending... the GOP once it is in office uses the Gov't like a piggy bank like a Carte Blanche card... recent past history has shown this with Reagan & Bush Jr. The only GOP President who had any sense in recent times as to that is Bush Sr. who even though promised no new taxes came to the realization that he had to go back on his promise to try to cut our debt/deficit etc... what McCain proposes is not being realistic and will only sink us more... And God (if there is one) help us if McCain is elected and dies in office to leave Palin to run the country... then we will really feel economic pain... Posted by a surfer on :
"That way the right will stop calling us names and we will all fell better.
You people on the right are sick fascist you are like cancer in a healthy body "
Brilliant....
Posted by raybond on :
No very simple
Posted by a surfer on :
Mach your post did nothing but strengthen my views.
Posted by a surfer on :
quote:Originally posted by a surfer:
Brilliant....
Raybond...Don't you see your own contradiction???
And you want me to listen to you????
Posted by Machiavelli on :
quote:Originally posted by a surfer: Mach your post did nothing but strengthen my views.
It strengthen them in no way... because what you still don't get is we owe trillions of dollars and alot of it to China and other countries... tell me where will the money come from to pay all that debt? From cutting taxes to the rich and increase Gov't spending under McCain? ... Did you even bother to read the article on Iceland? Maybe farfetched to happen to America but it can... we didn't think institutions like Bear Stearns and Lehman Brothers would collapsed and they did... Iceland's money is worthless but if it wasn't and they still had a chance I would have no doubt the only way to get out of their mess was to increase taxes to fix their problems...
It's very easy:
No money >>> can't pay back debt >>> bankruptcy...
Posted by bdgee on :
There is no contradiction there to see, unless you are feeding on nothing but lies, in which case you are having mental difficulties, not vision problems.
Posted by Ace of Spades on :
Well everybody....we can thank Surfer for another 100% B.S./Waste of time thread!!!
Posted by bdgee on :
What the hell did you expect, ace.
You had to know what was in it before you read it from the name of the poster.
Posted by a surfer on :
quote:Originally posted by Ace of Spades: Well everybody....we can thank Surfer for another 100% B.S./Waste of time thread!!!
LOL
Thanks Ace.
Time will tell the truth.
Posted by a surfer on :
quote:Originally posted by bdgee: There is no contradiction there to see, unless you are feeding on nothing but lies, in which case you are having mental difficulties, not vision problems.
No contradiction in the satement below.....??
That way the right will stop calling us names and we will all fell better.
You people on the right are sick fascist you are like cancer in a healthy body
Posted by glassman on :
comeon surf, you knew the response you were looking for...
as i keep trying to tell every GOP that will listen? we GOP's are going to have to regroup an develop a new platform.
Ronald Reagan has become a mythical figure. There's very little about him that so-called conservatives today follow as principle. They use his name, but they don't seem to even know what he really stood for.
i was already brushing up on all my 2nd ammendment arguments last year cuz this was so obviously coming.
as for finances? GOP presidents have alawys overseen worse makrets than the Dems. It's even worse now that Dubya has crapped on on US.
Investopedia describes the research of Pedro Santa-Clara and Rossen Valkanov who analyzed the value-weighted returns on stocks between 1927 and 1998 under Democratic and Republican presidents. And they found that the excess returns of stocks over the risk-free rate of return -- as measured by the Center for Research into Securities Prices (CRSP) indexes versus three-month Treasury bill rates -- were far higher for Democratic presidents (10.69%) than for Republican ones (1.69%).
Of course, these are just long-term statistics. Under the last Democratic president, stocks rose an annual average of 17.4%. The current Republican White House occupant has presided over an average annual decline of 1.1% -- the S&P 500 was 1,342 when he took over and stands at 1,233 today -- the only president of either party of the last 11 to oversee a decline in stocks.
notice that's two month old data, it's even worse today..
i know i know, the effects of the presidency don't take effect til the next one comes into office... LOL
i think of it like this, the Dems fill the sponge up, and the GOPs wring it out...
it's time to fill the economic sponge back up and no whining is allowed...
Posted by a surfer on :
I won't lose any sleep if Obama becomes Prez.
In some ways I respect him.
Just merely cutting and pasting what some may not have seen.
I am concerned at the circumstance we find ourselves in yet I am amused at the race we are witnessing.
Posted by Ace of Spades on :
quote:Originally posted by a surfer: I won't lose any sleep if Obama becomes Prez.
In some ways I respect him.
Just merely cutting and pasting what some may not have seen.
I am concerned at the circumstance we find ourselves in yet I am amused at the race we are witnessing.
Of course you won't loose sleep, cause like the rest of america, This will be the first time in our adult lives where we can be proud of our Country!!!
Posted by bdgee on :
quote:Originally posted by a surfer:
quote:Originally posted by bdgee: There is no contradiction there to see, unless you are feeding on nothing but lies, in which case you are having mental difficulties, not vision problems.
No contradiction in the satement below.....??
That way the right will stop calling us names and we will all fell better.
You people on the right are sick fascist you are like cancer in a healthy body
Like I said....
Posted by Machiavelli on :
Here's a bottomless pit and a myth scenario for you to think about: Republican Economic practice. Start a war based on mythical weapons. Create a massive new government agency called "homeland security". Cut taxes for the wealthiest among us. Pay for the war (and everything else) by borrowing money from foreign powers who do not have our best interests in mind. Borrow and Spend. The wealth will trickle down, the economy will flourish. Myth and Bottomless pit.
Posted by Lockman on :
quote:Originally posted by Ace of Spades:
quote:Originally posted by a surfer: I won't lose any sleep if Obama becomes Prez.
In some ways I respect him.
Just merely cutting and pasting what some may not have seen.
I am concerned at the circumstance we find ourselves in yet I am amused at the race we are witnessing.
Of course you won't loose sleep, cause like the rest of america, This will be the first time in our adult lives where we can be proud of our Country!!!
I've always been PROUD of my country!
Posted by a surfer on :
quote:Originally posted by Ace of Spades:
quote:Originally posted by a surfer: I won't lose any sleep if Obama becomes Prez.
In some ways I respect him.
Just merely cutting and pasting what some may not have seen.
I am concerned at the circumstance we find ourselves in yet I am amused at the race we are witnessing.
Of course you won't loose sleep, cause like the rest of america, This will be the first time in our adult lives where we can be proud of our Country!!!
Whats that.... a couple years for you....
pathetic.
I am proud of this country no matter who is in office and I am proud of my contributions to make it a great country.
Posted by Machiavelli on :
quote:Originally posted by a surfer:
I am proud of this country no matter who is in office and I am proud of my contributions to make it a great country.
About the only thing i agree with you... that and surfing in Costa Rica... Posted by jordanreed on :
quote:Originally posted by Machiavelli: Here's a bottomless pit and a myth scenario for you to think about: Republican Economic practice. Start a war based on mythical weapons. Create a massive new government agency called "homeland security". Cut taxes for the wealthiest among us. Pay for the war (and everything else) by borrowing money from foreign powers who do not have our best interests in mind. Borrow and Spend. The wealth will trickle down, the economy will flourish. Myth and Bottomless pit.
That aint no myth, brother...
Posted by raybond on :
Well if McGrumpy and the 1/2 wit get elected I will lose a lot of sleep.
Posted by Lockman on :
quote:Originally posted by Machiavelli: Here's a bottomless pit and a myth scenario for you to think about: Republican Economic practice. Start a war based on mythical weapons. Create a massive new government agency called "homeland security". Cut taxes for the wealthiest among us. Pay for the war (and everything else) by borrowing money from foreign powers who do not have our best interests in mind. Borrow and Spend. The wealth will trickle down, the economy will flourish. Myth and Bottomless pit.
Do you feel your taxes were higher because of the Bush tax cuts?
Posted by glassman on :
Do you feel your taxes were higher because of the Bush tax cuts?
at the time of the tax cuts? i agreed with McCain. they made absolutely no sense at all, and were in fact UNpatriotic. we entered two wars that we knew would cost alot, and cutting taxes is a KNOWN shrt-term boost to the economy, but deficits are KNOWN long-term DRAG on the economy.
Posted by bdgee on :
quote:Originally posted by Lockman:
quote:Originally posted by Machiavelli: Here's a bottomless pit and a myth scenario for you to think about: Republican Economic practice. Start a war based on mythical weapons. Create a massive new government agency called "homeland security". Cut taxes for the wealthiest among us. Pay for the war (and everything else) by borrowing money from foreign powers who do not have our best interests in mind. Borrow and Spend. The wealth will trickle down, the economy will flourish. Myth and Bottomless pit.
Do you feel your taxes were higher because of the Bush tax cuts?
YES!
When I add up the increases in state and local taxes and the added on fees and expenses for what used to be cheap or free services as a result of dubya's effort (things like automobile inspection fees and fishing licenses and tickets to the public zoo, school books, tuition, etc. federally, postal rates....) I have been paying way way more in hidden taxes.
Posted by Lockman on :
Do you feel your taxes will be higher because of Obama tax policies?
Posted by bdgee on :
quote:Originally posted by Lockman: Do you feel your taxes will be higher because of Obama tax policies?
Certainly not.
Posted by Lockman on :
quote:Originally posted by bdgee:
quote:Originally posted by Lockman: Do you feel your taxes will be higher because of Obama tax policies?
Certainly not.
Then you haven't been paying attention!
Posted by Lockman on :
WILL THIS CHANGE YOUR RETIREMENT
For those of us who are still working with mortgages, children and grandchildren or retired living on a pension and or Social Security perhaps you will take a couple of minutes to read the proposed changes in the American tax system.
INTERESTING DATA JUST RECEIVED ON TAXES
This is something you should be aware of so you don't get blind-sided. This is really going to catch a lot of families off guard. It should make you worry.
Proposed changes in taxes after 2008 General election:
CAPITAL GAINS TAX
MCCAIN 0% on home sales up to $500,000 per home (couples) McCain does not propose any change in existing home sales income tax.
OBAMA 28% on profit from ALL home sales
How does this affect you? If you sell your home and make a profit, you will pay 28% of your gain on taxes. If you are heading toward retirement and would like to down-size your home or move into a retirement community, 28% of the money you make from your home will go to taxes. This proposal will adversely affect the elderly who are counting on the income from their homes as part of their retirement income.
DIVIDEND TAX
MCCAIN 15% (no change)
OBAMA 39.6%
How will this affect you? If you have any money invested in stock market, IRA, mutual funds, college funds, life insurance, retirement accounts, or anything that pays or reinvests dividends, you will now be paying nearly 40% of the money earned on taxes if Obama become president. The experts predict that higher tax rates on dividends and capital gains would crash the stock market yet do absolutely nothing to cut the deficit.
INCOME TAX (OBAMA CLAIMS NO INCREASE IN TAXES….. AFTER BUSH CUTS ARE ELIMINATED!)
MCCAIN (no changes)
Single making 30K - tax $4,500 Single making 50K - tax $12,500 Single making 75K - tax $18,750 Married making 60K- tax $9,000 Married making 75K - tax $18,750 Married making 125K - tax $31,250
OBAMA (Reversion to pre-Bush tax cuts) Single making 30K - tax $8,400 Single making 50K - tax $14,000 Single making 75K - tax $23,250 Married making 60K - tax $16,800 Married making 75K - tax $21,000 Married making 125K - tax $38,750
Under Obama your taxes will more than double! How does this affect you? No explanation needed. This is pretty straight forward.
INHERITANCE TAX
MCCAIN 0% (No change, Bush repealed this tax)
OBAMA Restore the inheritance tax
How does this affect you? Many families have lost businesses, farms and ranches, and homes that have been in their families for generations because they could not afford the inheritance tax. Those willing their assets to loved ones will not only lose them to these taxes.
NEW TAXES BEING PROPOSED BY OBAMA
* New government taxes proposed on homes that are more than 2400 square feet
* New gasoline taxes (as if gas weren't high enough already)
* New taxes on natural resources consumption (heating gas, water, electricity)
* New taxes on retirement accounts and last but not least....
* New taxes to pay for socialized medicine so we can receive the same level of medical care as other third-world countries!!!
--------------------------------------------------------------------------------
Posted by bdgee on :
quote:Originally posted by Lockman:
quote:Originally posted by bdgee:
quote:Originally posted by Lockman: Do you feel your taxes will be higher because of Obama tax policies?
Certainly not.
Then you haven't been paying attention!
Quite the contrary, I have been paying close attention.
You, on the other hand have spent all your efforts in the last two or three months dredging up trash and lies to damage democrats and posting them on Allstock's Off Topics instead of learning the facts.
Posted by Propertymanager on :
You'll notice that Bdgee never argues the facts. Instead, he stoops to name calling and writing endless amounts of gibberish.
Posted by Lockman on :
quote:Originally posted by bdgee:
quote:Originally posted by Lockman:
quote:Originally posted by bdgee:
quote:Originally posted by Lockman: Do you feel your taxes will be higher because of Obama tax policies?
Certainly not.
Then you haven't been paying attention!
Quite the contrary, I have been paying close attention.
You, on the other hand have spent all your efforts in the last two or three months dredging up trash and lies to damage democrats and posting them on Allstock's Off Topics instead of learning the facts.
So you honestly believe your taxes are not going to go up under an Obama administration? What kind of math do you study?
Posted by bdgee on :
I wouldn't have said it if I didn't "honestly" believe it.
Most of the mathematics I do is within the areas of real analysis or topology; though, some times I work in logic and I have (shhhhhh don't tell) published some applied stuff.
Posted by Lockman on :
quote:Originally posted by bdgee: I wouldn't have said it if I didn't "honestly" believe it.
Most of the mathematics I do is within the areas of real analysis or topology; though, some times I work in logic and I have (shhhhhh don't tell) published some applied stuff.
Obviously not accounting!
Posted by bdgee on :
Accounting, as it is practiced in this Country, is simple arithmetic applied to a collection of statutes.
Posted by Lockman on :
So you can't do simple math? Even Barney Frank admits their gonna raise taxes. Of course that's no surprise.
Posted by bdgee on :
quote:Originally posted by Lockman: So you can't do simple math? Even Barney Frank admits their gonna raise taxes. Of course that's no surprise.
Barney didn't do any such thing. Taxes will go up for some, those whose net income is over $250,000, and down for others, those whose net income is below that. Actually, no one's taxes will be raised, just the temporary give away to the very rich that dubya, with the republican majorities in both the House and Senate, awarded. Taxes for the rich return to their norm and will be lowered for the rest.
Of course and in fact, the president doesn't decide what the tax rate will be. Like always, that is a matter for the Congress to consider and send on to the president to be either signed or vetoed.
Posted by Lockman on :
quote:Originally posted by bdgee:
quote:Originally posted by Lockman: So you can't do simple math? Even Barney Frank admits their gonna raise taxes. Of course that's no surprise.
Barney didn't do any such thing. Taxes will go up for some, those whose net income is over $250,000, and down for others, those whose net income is below that. Actually, no one's taxes will be raised, just the temporary give away to the very rich that dubya, with the republican majorities in both the House and Senate, awarded. Taxes for the rich return to their norm and will be lowered for the rest.
Of course and in fact, the president doesn't decide what the tax rate will be. Like always, that is a matter for the Congress to consider and send on to the president to be either signed or vetoed.
Actually that 250,000.00 figure was lowered to 200.000.00 by Obama and further reduced by Biden to 150,000.00. Then Gov. Richardson speculated it would be 125,000.00 for a couple.
Looks like Obama will have a veto proof congress so it should be full steam ahead.
Posted by bdgee on :
No it wasn't. That was a faulty reading by republican dimwits that think that is a man says he has a dollar, he can't have 2 dollars.
The facts are that both those with incomes below $250K and those with incomes below $200K (and those below $125K and those below $50k) will see lower taxes. That the second is true does not negate the first. The first statement simultaneously says the second. The second doesn't cancel the first.
Posted by Lockman on :
quote:Originally posted by bdgee: No it wasn't. That was a faulty reading by republican dimwits that think that is a man says he has a dollar, he can't have 2 dollars.
The facts are that both those with incomes below $250K and those with incomes below $200K (and those below $125K and those below $50k) will see lower taxes. That the second is true does not negate the first. The first statement simultaneously says the second. The second doesn't cancel the first.
He lowered the amount when shown his math just doesn't add up. It looks as though it's not going to make much difference because Obama will probably win and then we all get to live under the future of socialistic government.
Posted by bdgee on :
quote:Originally posted by Lockman:
quote:Originally posted by bdgee: No it wasn't. That was a faulty reading by republican dimwits that think that is a man says he has a dollar, he can't have 2 dollars.
The facts are that both those with incomes below $250K and those with incomes below $200K (and those below $125K and those below $50k) will see lower taxes. That the second is true does not negate the first. The first statement simultaneously says the second. The second doesn't cancel the first.
He lowered the amount when shown his math just doesn't add up. It looks as though it's not going to make much difference because Obama will probably win and then we all get to live under the future of socialistic government.
No, dumb dumb, he didn't lower the amount. You just aren't smart enough to handle the logic.
If after a question, "Have you ever driven over 500 miles?" I respond, "Last week I drove from Dallas to Houston, which is about 300 miles". That is not a statement that the most I have ever driven is 300 miles nor is it a statement that I have never driven over 500 miles.
You need to learn to think, rather than quote crap off Fox News.
Posted by glassman on :
i BELIEVE budgee is correct about the taxes.
Obama never said he would lower taxes to people making 250,000 per year.
this tax issue is semantic game of gotcha that all politicians play.
however, i do not and never did beleive that McCain could follow his promises of lowering taxes more.
or cutting spending...
why? because our GDP is so totally tied up in our GDP that significant govt spending cuts would decrease GDP significanlty and actually CAUSE recessionary figures to be published which would create more problems.
US Govt spending is over 20% of GDP, which is how Bushies have been able to keep saying we aren't in a recession...
i really wish people fully understood just how creeeepy these people that have been running our country are...
the sad thing is? McCain KNEW and hired Bushies anyway to assist in his campaign...he ahd little choice.
Posted by tmanfromtexas on :
quote:Originally posted by Lockman: Do you feel your taxes will be higher because of Obama tax policies?
ABSOLUTELY!!!! He will have to raise taxes and take from the working class folks like myself so that he can redistibute to the less fortunate, just like a good marxist. He has made the statement, I dont understand why people dont believe it. TMAN... Posted by a surfer on :
quote:Originally posted by Lockman: WILL THIS CHANGE YOUR RETIREMENT
For those of us who are still working with mortgages, children and grandchildren or retired living on a pension and or Social Security perhaps you will take a couple of minutes to read the proposed changes in the American tax system.
INTERESTING DATA JUST RECEIVED ON TAXES
This is something you should be aware of so you don't get blind-sided. This is really going to catch a lot of families off guard. It should make you worry.
Proposed changes in taxes after 2008 General election:
CAPITAL GAINS TAX
MCCAIN 0% on home sales up to $500,000 per home (couples) McCain does not propose any change in existing home sales income tax.
OBAMA 28% on profit from ALL home sales
How does this affect you? If you sell your home and make a profit, you will pay 28% of your gain on taxes. If you are heading toward retirement and would like to down-size your home or move into a retirement community, 28% of the money you make from your home will go to taxes. This proposal will adversely affect the elderly who are counting on the income from their homes as part of their retirement income.
DIVIDEND TAX
MCCAIN 15% (no change)
OBAMA 39.6%
How will this affect you? If you have any money invested in stock market, IRA, mutual funds, college funds, life insurance, retirement accounts, or anything that pays or reinvests dividends, you will now be paying nearly 40% of the money earned on taxes if Obama become president. The experts predict that higher tax rates on dividends and capital gains would crash the stock market yet do absolutely nothing to cut the deficit.
INCOME TAX (OBAMA CLAIMS NO INCREASE IN TAXES….. AFTER BUSH CUTS ARE ELIMINATED!)
MCCAIN (no changes)
Single making 30K - tax $4,500 Single making 50K - tax $12,500 Single making 75K - tax $18,750 Married making 60K- tax $9,000 Married making 75K - tax $18,750 Married making 125K - tax $31,250
OBAMA (Reversion to pre-Bush tax cuts) Single making 30K - tax $8,400 Single making 50K - tax $14,000 Single making 75K - tax $23,250 Married making 60K - tax $16,800 Married making 75K - tax $21,000 Married making 125K - tax $38,750
Under Obama your taxes will more than double! How does this affect you? No explanation needed. This is pretty straight forward.
INHERITANCE TAX
MCCAIN 0% (No change, Bush repealed this tax)
OBAMA Restore the inheritance tax
How does this affect you? Many families have lost businesses, farms and ranches, and homes that have been in their families for generations because they could not afford the inheritance tax. Those willing their assets to loved ones will not only lose them to these taxes.
NEW TAXES BEING PROPOSED BY OBAMA
* New government taxes proposed on homes that are more than 2400 square feet
* New gasoline taxes (as if gas weren't high enough already)
* New taxes on natural resources consumption (heating gas, water, electricity)
* New taxes on retirement accounts and last but not least....
* New taxes to pay for socialized medicine so we can receive the same level of medical care as other third-world countries!!!
Growing wealth through real estate will be on hold for 4-8 years.
This is FACT.
Glass. I will prove the tax increase in Jan 2010.
I will prove the tax increase on the families business and its 165 employees.
Furthermore I will show how much my 4 man business taxes increased.
IT WILL ALL BE PROVEN.
It might take till mid 2009 and later before we see the real increase but I gaurantee it will.
Also I will show the difference when and if I decide to sell my house.
And God forbid my folks pass away during this time more than 60% of their fortune will be repoed by the govt.
Posted by glassman on :
And God forbid my folks pass away during this time more than 60% of their fortune will be repoed by the govt.
already been done to me buddy. no tears here.
and this statement is untrue: MCCAIN 0% (No change, Bush repealed this tax) ---------------
here's the current schedule: * For amounts not greater than $10,000, the tax liability is 18% of the amount. * For amounts over $10,000 but not over $20,000, the tentative tax is $1,800 plus 20% of the excess over $10,000. * For amounts over $20,000 but not over $40,000, the tentative tax is $3,800 plus 22% of the excess over $20,000. * For amounts over $40,000 but not over $60,000, the tentative tax is $8,200 plus 24% of the excess over $40,000. * For amounts over $60,000 but not over $80,000, the tentative tax is $13,000 plus 26% of the excess over $60,000. * For amounts over $80,000 but not over $100,000, the tentative tax is $18,200 plus 28% of the excess over $80,000. * For amounts over $100,000 but not over $150,000, the tentative tax is $23,800 plus 30% of the excess over $100,000. * For amounts over $150,000 but not over $250,000, the tentative tax is $38,800 plus 32% of the excess over $150,000. * For amounts over $250,000 but not over $500,000, the tentative tax is $70,800 plus 34% of the excess over $250,000. * For amounts over $500,000 but not over $750,000, the tentative tax is $155,800 plus 37% of the excess over $500,000. * For amounts over $750,000 but not over $1,000,000, the tentative tax is $248,300 plus 39% of the excess over $750,000. * For amounts over $1,000,000 but not over $1,250,000, the tentative tax is $345,800 plus 41% of the excess over $1,000,000. * For amounts over $1,250,000 but not over $1,500,000, the tentative tax is $448,300 plus 43% of the excess over $1,250,000. * For amounts over $1,500,000, the tentative tax is $555,800 plus 45% of the excess over $1,500,000. * For years before 2007, additional tax brackets applied for amounts over $2,000,000 with marginal rates of up to 55%.
The tentative tax is reduced by gift tax that would have been paid on the adjusted taxable gifts, based on the rates in effect on the date of death (which means that the reduction is not necessarily equal to the gift tax actually paid on those gifts).
Although the above tax table looks like a system of progressive tax rates, there is a unified credit against the tentative tax which effectively eliminates any tax on the first $2,000,000 of the estate (or the first $2,000,000 on a combination of taxable gifts during lifetime and a taxable estate at death), so the federal estate tax is effectively a flat tax of 45% once the unified credit exclusion amount has been exhausted.
if you really employ 165 people? you can afford to take adavantage of the myriad of loopholes. it's not hard. you have to pay somebody that knows what they are doing tho...
Posted by a surfer on :
"if you really employ 165 people? you can afford to take adavantage of the myriad of loopholes. it's not hard. you have to pay somebody that knows what they are doing tho..."
Glass thats my dads business. He is an accountant....and trust me he knows his loopholes.
I employ 3 people.
Posted by glassman on :
taxes will increase, the money was spent by Dubya.
he didn't raise taxes, just spending.
when he handed out the first stimulus checks in '04 (?) i didn't hear anybody complaining (but me) then...
i do not beleive McCain aproved of the tax cuts either, lets see if i can prove that?
Vote Summary
* McCain voted no on 6 tax cuts including the two big votes - final passage of the 2001 and 2003 tax cuts. * McCain voted yes on 3 tax cuts including 2 which received near unanimous support in the Senate and were relatively non controversial. * McCain was not present for an additional 3 tax votes, including 2 on the very important American Jobs Creation Act of 2004. * McCain does not support permanent repeal of the estate tax, a major goal of the taxpayer movement. * McCain has told reporters "off the record" that he would raise taxes if elected President
i was actually a MCcain supporter when he was still HONEST.
Posted by Machiavelli on :
quote:Originally posted by Lockman:
quote:Originally posted by Machiavelli: Here's a bottomless pit and a myth scenario for you to think about: Republican Economic practice. Start a war based on mythical weapons. Create a massive new government agency called "homeland security". Cut taxes for the wealthiest among us. Pay for the war (and everything else) by borrowing money from foreign powers who do not have our best interests in mind. Borrow and Spend. The wealth will trickle down, the economy will flourish. Myth and Bottomless pit.
Do you feel your taxes were higher because of the Bush tax cuts?
Sorry, me been out all day working and then came home to vote.... anyways yes i do feel that way and i do feel that Bush did nothing for the middle class and lower.. only the upper class.. anyways all things else were said by Bgee and Glass whom i agree with on both their views on this...
Posted by CashCowMoo on :
Well I am sure they will be watching all the tax increases and report them to the public. I think Obama is going to be watched like a HAWK this first term of his.
Posted by Lockman on :
I must say I didn't notice very many tax increases under Bush. Local taxes rose, mostly because of higher education budgets.
I'll be checking my mail box in early 2009...when did they say the stimulus checks were comming? I'm hopefully still part of the 95% of americans that will see lower taxes.
How will I know when my taxes get lowered?
Posted by Pagan on :
quote:Originally posted by Lockman: I must say I didn't notice very many tax increases under Bush. Local taxes rose, mostly because of higher education budgets.
I'll be checking my mail box in early 2009...when did they say the stimulus checks were comming? I'm hopefully still part of the 95% of americans that will see lower taxes.
How will I know when my taxes get lowered?
Just a wild stab here but, probably when you file your tax return?
PS: there has been no mention of another stimulus check. Where did you hear that from anyway?
Posted by Lockman on :
quote:Originally posted by Pagan:
quote:Originally posted by Lockman: I must say I didn't notice very many tax increases under Bush. Local taxes rose, mostly because of higher education budgets.
I'll be checking my mail box in early 2009...when did they say the stimulus checks were comming? I'm hopefully still part of the 95% of americans that will see lower taxes.
How will I know when my taxes get lowered?
Just a wild stab here but, probably when you file your tax return?
PS: there has been no mention of another stimulus check. Where did you hear that from anyway?
Weren't we all getting checks from the increased taxation of the greedy rich? Dam don't tell me it isn't so. What if I don't pay taxes now do I still get a refund? I'm part of those 95%'ers.
Posted by Pagan on :
quote:Originally posted by Lockman:
quote:Originally posted by Pagan:
quote:Originally posted by Lockman: I must say I didn't notice very many tax increases under Bush. Local taxes rose, mostly because of higher education budgets.
I'll be checking my mail box in early 2009...when did they say the stimulus checks were comming? I'm hopefully still part of the 95% of americans that will see lower taxes.
How will I know when my taxes get lowered?
Just a wild stab here but, probably when you file your tax return?
PS: there has been no mention of another stimulus check. Where did you hear that from anyway?
Weren't we all getting checks from the increased taxation of the greedy rich? Dam don't tell me it isn't so. What if I don't pay taxes now do I still get a refund? I'm part of those 95%'ers.
Oh I see. Your just trying to confuse the issues. A tax cut and and stimulus check are entirely different. Again it looks like your reading comprehension is lacking as I alluded to on another thread. Posted by Lockman on :
quote:Originally posted by Pagan:
quote:Originally posted by Lockman:
quote:Originally posted by Pagan:
quote:Originally posted by Lockman: I must say I didn't notice very many tax increases under Bush. Local taxes rose, mostly because of higher education budgets.
I'll be checking my mail box in early 2009...when did they say the stimulus checks were comming? I'm hopefully still part of the 95% of americans that will see lower taxes.
How will I know when my taxes get lowered?
Just a wild stab here but, probably when you file your tax return?
PS: there has been no mention of another stimulus check. Where did you hear that from anyway?
Weren't we all getting checks from the increased taxation of the greedy rich? Dam don't tell me it isn't so. What if I don't pay taxes now do I still get a refund? I'm part of those 95%'ers.
Oh I see. Your just trying to confuse the issues. A tax cut and and stimulus check are entirely different. Again it looks like your reading comprehension is lacking as I alluded to on another thread.
So your saying that when Obama increases the taxes on our most productive citizens, the rest of us are going to see a noticable difference in lower taxes?
Posted by glassman on :
So your saying that when Obama increases the taxes on our most productive citizens, the rest of us are going to see a noticable difference in lower taxes?
well? when they were decreased on them? the markets tanked.
WTF?
Posted by Lockman on :
quote:Originally posted by glassman: So your saying that when Obama increases the taxes on our most productive citizens, the rest of us are going to see a noticable difference in lower taxes?
well? when they were decreased on them? the markets tanked.
WTF?
You think there's a link between bushes tax cuts and the market collapse? Did Bush give tax cuts to the chinese and japanese too? Cause their markets are collapsing too.
Maybe the market was due for a severe correction and this is it.
Posted by bdgee on :
And maybe the reason the markets were due to severe correction was the lower taxes.
At any rate, your failure (or mine or anyone else's) to understand what brings on a mareket failure is not sufficient reason to attribute it to something youj are arguing against. Moreover, the market, in spite of the worship of "its magic" by generations of investors that can not understand what controls it, is controlled by something, whether of not we know what that is.
The markets around the world other than ours collapsed in response to ours collapsing, much as each acrobat in a team of acrobats collapses when the one on the bottom of their five person stack does.
Posted by Pagan on :
quote:Originally posted by Lockman:
quote:Originally posted by glassman: So your saying that when Obama increases the taxes on our most productive citizens, the rest of us are going to see a noticable difference in lower taxes?
well? when they were decreased on them? the markets tanked.
WTF?
You think there's a link between bushes tax cuts and the market collapse? Did Bush give tax cuts to the chinese and japanese too? Cause their markets are collapsing too.
Maybe the market was due for a severe correction and this is it.
Hopefully you aren't invested in the markets. Because you seem to be unaware of the facts. The USA has the world's largest economy, when it stumbles, it has a global effect. Hope that clears things up for you.
Posted by Lockman on :
Ooooh thanks for the education.
Now that we know the Bush tax cuts were the reason for the economic collapse, it will be a quick fix.
Just tax the most successful of us and give it to the less successful and everything will be OK.
Posted by raybond on :
Good by king george it is going to be a much better country without you and your wimpy hump back side kick.
I hope you meet you end in a sump full of human waste and I wish i could have voted with the folks in the san fransico area that wanted to name a public sewer after you. It almost passed.
Posted by raybond on :
quote:Originally posted by Lockman: Ooooh thanks for the education.
Now that we know the Bush tax cuts were the reason for the economic collapse, it will be a quick fix.
Just tax the most successful of us and give it to the less successful and everything will be OK.
this is typical limbugger logic.
the idea behind reducing taxes on the wealthy was the trickle down effect, or "supply side economics".
the guy who implemented it was Reagan, look it up read about it and learn the truth.
The extreme promises of supply-side economics did not materialize. President Reagan argued that because of the effect depicted in the Laffer curve, the government could maintain expenditures, cut tax rates, and balance the budget. This was not the case. Government revenues fell sharply from levels that would have been realized without the tax cuts. - Karl Case & Ray Fair, Principles of Economics (2007), p. 695.[11]
it's well understood amongst people that have reviewed it, to be a failure..
i don't like paying taxes, i don't want to...
but the money was spent already and instead of a boom? we busted bad...
Supply-side economists have less to say on the effects of deficits, and sometimes cite Robert Barro’s work that states that rational economic actors will buy bonds in sufficient quantities to reduce long term interest rates.[2] Critics argue that standard exchange rate theory would predict, instead, a devaluation of the currency of the nation running the high budget deficit, and eventual "crowding out" of private investment.
loss of private investment means the Govt has to step in? D'OH....
Posted by bdgee on :
All good God fearing Christians know that only God can control the market and the market collapse was God's way of telling us he is P.O.ed with what we have been doing.
The Lord works in mysterious ways. We now have a democratic Government.
Posted by glassman on :
what i find hilarious is that people who claim Reagan was a great president misstate so much about him.
he and Nancy had an Astrologer (practicer of witchcraft) on staff...
he refused to invade Iran, he pulled out of Lebanon in response to a terror attack...
he LOWERED taxes on the working poor...
as Governor of California he banned offshore drilling.
he cut about 40 billion from his fisrt budget and that was it... he stopped cutting... he actually hired more US Govt employees over the course of his term...
he bailed out Social Security and began taxing benefits on it 1984...
The taxation of Social Security began in 1984 following passage of a set of Amendments in 1983, which were signed into law by President Reagan in April 1983. These amendments passed the Congress in 1983 on an overwhelmingly bi-partisan vote. http://www.ssa.gov/history/InternetMyths2.html
(Clinton actually did raise that tax under the Omnibus Budget Reconciliation Act (OBRA) )
Reagan gave immunity to illegal immigrants, encouraging more to come...
Reagan raised gasoline taxes in 1983 and in 1984
January 6, 1983 Reagan gives gas tax hike the go-ahead On this day in 1983, President Ronald Reagan gave the green light to one of his pet proposals, a gas tax hike designed to raise funds for the nation's roads and bridges. That the bill made it to the Oval Office was something of a minor miracle, as the nationÝs legislators spent a good part of the fall embroiled in a nasty partisan debate over the relative merits of the tax hike. However, the Senate finally passed the bill on December 23, 1982, paving the way for the Federal gas tax to be increased by a nickel. The heftier tax rate in turn promised to raise $5.5 billion a year for highway repairs and general transportation maintenance. And, though the president was not one for using public funds to stimulate employment, some legislators estimated that the tax increase would help create roughly 320,000 jobs.
i can go on like this for PAGES and Pages... there is so much more.
all you people listening to the CRAP on Beck and limbugger and Hannity are buying the emperors new clothes for them....
even MCcain voted against the tax breaks of Bush cuz he KNEW they were trash...
i'm not saying Reagan wasn't good presidnt.
i'm saying that there's so much mythology being passed off as fact that most people don't have clue what being Consrvative even means anymore...
we've never had a real Conservative President (based on the mythos being perpetuated today) because all of them (before Dubya) were also Realists
IMO? Reagan should have put a 3$/gallon tax on gasoline done away with income taxes...
similar taxes on beer liquor smokes and even legal pot.
Posted by bdgee on :
good post, glass
Posted by glassman on :
it's a few a-holes getting rich lying to people..
limbugger got a contract for 400,000,000 dollars. of course he's worried about taxes. he'll have to pay 25 million more...
the guys been married what? 3 times? dodged the draft, dropped out of college, and no kids? WTF does he know about being a family man? isn't that the central issue about Conservatism? Family? it's crazy how people buy into his mythology
Posted by Peaser on :
All good God fearing Christians know that only God can control the market and the market collapse was God's way of telling us he is P.O.ed with what we have been doing.
rofl. God has nothing to do with the market. We all have the freedom to make choices in life.
Posted by bdgee on :
"We all have the freedom to make choices in life."
YES!
And Have been making wrong choices.
We have been letting guys marry guys and girls marry girls and using rubbers and gels and IUDs and whatever and wives are serving tv dinners to their husbands and on and on and God decided to tell us in no uncertain terms that he's fed up with it and brought down the market.
Posted by Propertymanager on :
I didn't know that God even cares about TV dinners. You learn something every day.
Posted by bdgee on :
God cares about husbands and that wives remember they are subservient to their husbands.
Posted by jordanreed on :
quote:Originally posted by Propertymanager: I didn't know that God even cares about TV dinners. You learn something every day.
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