MikeForsythe 0 #26 November 3, 2008 Keep going, THIS and THIS is still Obama’s and Biden's own words.So the question to you still stands, what is the income level that Obama is going to increase taxes? Time and pressure will always show you who a person really is! Quote Share this post Link to post Share on other sites
grimmie 186 #27 November 3, 2008 Annenberg gave Gerald Ford a home to live in also. McCain is going to tax my health plan as income to redistibute it. Socialism! Quote Share this post Link to post Share on other sites
MikeForsythe 0 #28 November 3, 2008 Try to stay focused, THIS and THIS is still Obama’s and Biden's own words.So the question to you still stands, what is the income level that Obama is going to increase taxes? Until someone proves otherwise, it is down to $120,000 and he is not even elected yet. Imagine what he will do if he does not need your vote. Time and pressure will always show you who a person really is! Quote Share this post Link to post Share on other sites
kallend 2,027 #29 November 3, 2008 Quote Try to stay focused, THIS and THIS is still Obama’s and Biden's own words.So the question to you still stands, what is the income level that Obama is going to increase taxes? Until someone proves otherwise, it is down to $120,000 and he is not even elected yet. Imagine what he will do if he does not need your vote. IMHO, when it comes down to accepting REALITY, that the USA is running up debts faster than any other entity in the history of the world, it doesn't matter who wins, your taxes and mine WILL go up. Is your memory so short that you don't remember "Read my lips, no new taxes"? Reality intruded there too. Voodoo economics is just that, Voodoo.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
jclalor 12 #30 November 3, 2008 Obamas tax plan 250,00 or more, increase 200,00 - 250,00, no change 200,00 and under decrease Biden errored when he said 150,00 and has retracted the statement several times as you probably well know. Quote Share this post Link to post Share on other sites
MikeForsythe 0 #31 November 3, 2008 Quote IMHO, when it comes down to accepting REALITY, that the USA is running up debts faster than any other entity in the history of the world, it doesn't matter who wins, your taxes and mine WILL go up. And this I agree with you on Come to Florida some time and the rum runners are on meTime and pressure will always show you who a person really is! Quote Share this post Link to post Share on other sites
kallend 2,027 #32 November 4, 2008 Quote Quote IMHO, when it comes down to accepting REALITY, that the USA is running up debts faster than any other entity in the history of the world, it doesn't matter who wins, your taxes and mine WILL go up. And this I agree with you on Come to Florida some time and the rum runners are on me I'll be in Daytona Beach and Deland in January (for the SOS record).... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
Gawain 0 #33 November 4, 2008 QuoteObamas tax plan 250,00 or more, increase 200,00 - 250,00, no change 200,00 and under decrease Biden errored when he said 150,00 and has retracted the statement several times as you probably well know. It doesn't wash. The increase in taxes on those who make the most, thus invest and spend the most will not increase revenues enough to meet Sen. Obama's massive spending plan. He has no track record to support this promise either.So I try and I scream and I beg and I sigh Just to prove I'm alive, and it's alright 'Cause tonight there's a way I'll make light of my treacherous life Make light! Quote Share this post Link to post Share on other sites
headoverheels 333 #34 November 4, 2008 I guess I'll have to move to a red state. A lot of the wealth redistribution is from the blue states to the red states. Quote Share this post Link to post Share on other sites
DrewEckhardt 0 #35 November 4, 2008 QuoteQuoteObamas tax plan 250,00 or more, increase 200,00 - 250,00, no change 200,00 and under decrease Biden errored when he said 150,00 and has retracted the statement several times as you probably well know. It doesn't wash. On paper it does. The top 1% of income earners cover 37% of the income tax, top 5% 57%. Obama draws the lines for no change and tax increases within that top 5%. You can reduce taxes on everyone else and still come out ahead as long as you don't make the taxes painful enough that the people paying most of the taxes would rather avoid (accepting less pre-tax income) or evade them. Quote Share this post Link to post Share on other sites
Gawain 0 #36 November 4, 2008 QuoteQuoteQuoteObamas tax plan 250,00 or more, increase 200,00 - 250,00, no change 200,00 and under decrease Biden errored when he said 150,00 and has retracted the statement several times as you probably well know. It doesn't wash. On paper it does. And therein lies the rub...Congress warps spending that practically no one can understand. QuoteThe top 1% of income earners cover 37% of the income tax, top 5% 57%. Obama draws the lines for no change and tax increases within that top 5%. You can reduce taxes on everyone else and still come out ahead as long as you don't make the taxes painful enough that the people paying most of the taxes would rather avoid (accepting less pre-tax income) or evade them. It does not justify the sheer desire to punish those that push the direction of the economy through capital investment. The bottom 50% pay about 3% of the taxes. Of them, about half don't pay federal income taxes at all or are refunded because of their income. So, you support taxing the higher wage earners more, and cutting a check for $500 or $1000 to someone that pays no tax?So I try and I scream and I beg and I sigh Just to prove I'm alive, and it's alright 'Cause tonight there's a way I'll make light of my treacherous life Make light! Quote Share this post Link to post Share on other sites
Rookie120 0 #37 November 4, 2008 Quotethat the USA is running up debts faster than any other entity in the history of the world, it doesn't matter who wins, your taxes and mine WILL go up. Why not cut spending? Then taxes dont have to go up. To many BS Govt programs anyway. Cut spending!If you find yourself in a fair fight, your tactics suck! Quote Share this post Link to post Share on other sites
billvon 2,991 #38 November 4, 2008 >Cut spending! I agree! But everyone you talk to about cutting spending has their pet projects that they will never, ever cut. Multiply that by 300 million and you have the problems we have today. Quote Share this post Link to post Share on other sites
Gawain 0 #39 November 4, 2008 Quote>Cut spending! I agree! But everyone you talk to about cutting spending has their pet projects that they will never, ever cut. Multiply that by 300 million and you have the problems we have today. I have a pet project? What's yours?So I try and I scream and I beg and I sigh Just to prove I'm alive, and it's alright 'Cause tonight there's a way I'll make light of my treacherous life Make light! Quote Share this post Link to post Share on other sites
Jayruss 0 #40 November 4, 2008 you need a better CPA, there are many legal ways to reduce your income for tax purposes __________________________________________________ "Beware how you take away hope from another human being." -Oliver Wendell Holmes Quote Share this post Link to post Share on other sites
billvon 2,991 #41 November 4, 2008 >I have a pet project? I suspect you do. >What's yours? Education. Quote Share this post Link to post Share on other sites
stitch 0 #42 November 4, 2008 Quote>I have a pet project? I suspect you do. >What's yours? Education.Keep dreaming. The world needs dreamers."No cookies for you"- GFD "I don't think I like the sound of that" ~ MB65 Don't be a "Racer Hater" Quote Share this post Link to post Share on other sites
Rookie120 0 #43 November 4, 2008 Quote I have a pet project? What's yours? Gettin a 300lb gorilla named Bruno to beat the hell out of politicians!If you find yourself in a fair fight, your tactics suck! Quote Share this post Link to post Share on other sites
idrankwhat 0 #44 November 4, 2008 Quote ... those who make the most, thus invest and spend ........ This model has been proven to have a flaw. Quote Share this post Link to post Share on other sites
DrewEckhardt 0 #45 November 4, 2008 Quote The bottom 50% pay about 3% of the taxes. Of them, about half don't pay federal income taxes at all or are refunded because of their income. So, you support taxing the higher wage earners more, and cutting a check for $500 or $1000 to someone that pays no tax? No. I think tax collections should be required to match spending and that there should be a small minimum tax (say 10 or 15%) with no deductions which is due in lump sums annually or quarterly. If we want a tax system that's more progressive than that we can provide debit cards for food or housing subsidies paid directly to banks and landlords so the poor aren't actually worse off. The problem with half of America paying essentially no income tax (I don't include Social security here because most of the "tax" is effectively contributions into a mandatory retirement savings plan) is that there's no direct motivation to limit spending and government waste. Taxing everybody and making it feel painful would provide a feedback loop to correct things. Practically speaking that will never happen because it would limit politician's spending power and cause the 80% of Americans whose taxes went up to throw them out of office. So we have the current system, where it's practical for 5% of the population to pay most of the costs that go with a big government. It works until the burden becomes too great and people start cheating more and stop working so hard. If I can't have a reasonable chance at compressing my remaining work life into five years I'm going to consult just enough to pay for a double wide trailer and steel building containing the shop in which I build stereo equipment and Danish modern furniture. Quote Share this post Link to post Share on other sites
idrankwhat 0 #46 November 4, 2008 There is a pestilence upon this land. Nothing is sacred. Even those who arrange and design shrubberies are under considerable economic stress at this period in history. Roger the Shrubber Quote Share this post Link to post Share on other sites
kallend 2,027 #47 November 4, 2008 Quote It does not justify the sheer desire to punish those that push the direction of the economy through capital investment. Supporting the country you claim to love is not punishment.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
