W1TEF wrote:
On Thu, 22 Jul 2010 14:41:44 -0400, bpuharic wrote:

On Thu, 22 Jul 2010 14:26:17 -0400, W1TEF wrote:

On Wed, 21 Jul 2010 22:46:49 -0400, bpuharic wrote:

On Wed, 21 Jul 2010 22:26:58 -0400, W1TEF wrote:

http://www.investors.com/NewsAndAnal...e-Horizon.aspx
the death tax affects 0.2% of all taxpayers. how is this a 'tsunami'?

and, given the fact that the wealthiest 1% have had a 500% increase
in income in the past 30 years, a 165% increase in taxes is something
they deserve. they screwed the economy. let them p ay for it.

but the right wing sheds its tears for the rich, ignoring completely
the plight of the middle class
Ok Bob - fair enough - that's your opinion - I respect that.

Explain this then. What represents more of a tax burden on income - a
5% raise from 10% to 15% at the lower end of the taxe base or a 4.9%
increase from 35% to 39.6%?
and this is not going to happen. not a single independent tax source
has ANY information that this is going to occur.

Heh - it has to if the previous administration's tax cuts -policies
and regulations are allowed to expire and according to both President
Obama, Secretary Geithner and Dodd/Frank/Reid/Pelosi they have no
intention of doing anything about it.

January 1st, 2011, I want you to come back here and and in big bold
letters in this thread and say I WAS WRONG!!

Fair enough? :)

But it still begs the question - assuming it does happen, is it fair?

That's a moral and political judgment.
But ponder this and guess how it will play out.

http://www.forbes.com/2010/07/22/exp...e-taxes_2.html
"Democrats Strike Back
The Democratic Party hated the tax cuts when they were first passed and
are moving to rein them in. President Obama has asked Congress to extend
and make permanent the 10%, 15% and 25% tax rates. The 28% bracket would
be recalculated to include individuals with income less than $200,000
and married filers with income less than $250,000. The "rich" would be
out of luck under the proposal, with the 33% and 35% brackets expiring
at the end of 2010, and the former 36% and 39.6% tax rates going back
into effect.

Obama is also seeking to make permanent the long-term capital gain rates
of 0% and 15%, but tax capital gains at a rate of 20% for those
taxpayers that fall into the 36% and 39.6% brackets. None of this has
been decided yet, and passage is not certain due to the politics of
Washington in general--and during an election year in particular."

Jim - Troublemaker