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Taxing the economy away....
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Taxing the economy away....
On 7/21/10 10:26 PM, W1TEF wrote:
http://www.investors.com/NewsAndAnal...e-Horizon.aspx Tom has no shortage of right-wing crap sites that spew his right-wing politics. It's just more of his http://tinyurl.com/yew6cc5 |
Taxing the economy away....
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 |
Taxing the economy away....
On 21/07/2010 8:26 PM, W1TEF wrote:
http://www.investors.com/NewsAndAnal...e-Horizon.aspx Yep, government greed and statism, they will be a 10% European like VAT right after November if people don't get the right people in. Governemtn needs a diet pill, a whole case lot of them. Only a fool would believe Obama/democrats spend crazy are for free. -- Government has liberals, idealists and lawyers, but where is the common sense? |
Taxing the economy away....
On 21/07/2010 8:46 PM, bpuharic wrote:
On Wed, 21 Jul 2010 22:26:58 -0400, 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 Here is a hint how bad Obama and the democrats are killing the US economy. If they doubled the income taxes for everyone, they still could not balance the budget. Think about that much debt for a minute. Interest rates are on the rise in Canada, Europe and Asia. So unless you want $20 gallon for gas, because the USD is worthless, DC overspending needs to be reversed fast and hard... DC is not to big to fail. -- Government has liberals, idealists and lawyers, but where is the common sense? |
Taxing the economy away....
wrote in message ... 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 You seemed to ignore this part, The lowest bracket for the personal income tax, for instance, moves up 50% - to 15% from 10%. The next lowest bracket - 25% - will rise to 28%, and the old 28% bracket will be 31% That smacks the working class and the middle class. They are also bringing back the marriage penalty and cutting the standard deduction for couples. Ironic I suppose, right when the gays get to marry. Only if you make the leap in logic that the Bush tax cut would be repealed IN ITS ENTIRETY, which is certainly not going to happen. No one except those on the extreme right are talking about it. |
Taxing the economy away....
"Canuck57" wrote in message ... On 21/07/2010 8:26 PM, W1TEF wrote: http://www.investors.com/NewsAndAnal...e-Horizon.aspx Yep, government greed and statism, they will be a 10% European like VAT right after November if people don't get the right people in. Governemtn needs a diet pill, a whole case lot of them. Only a fool would believe Obama/democrats spend crazy are for free. -- Government has liberals, idealists and lawyers, but where is the common sense? And, you're a moron. |
Taxing the economy away....
On Wed, 21 Jul 2010 21:34:42 -0600, Canuck57
wrote: On 21/07/2010 8:46 PM, bpuharic wrote: On Wed, 21 Jul 2010 22:26:58 -0400, 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 Here is a hint how bad Obama and the democrats are killing the US economy. here's a hint about how clueless you are the budget for obama's 1st year in office was approved by the previous administration of george bush it raised the deficit to 9% of GDP. so he's CONTINUING, not INVENTING the policy of high deficits more proof of your racism Interest rates are on the rise in Canada, Europe and Asia. So unless you want $20 gallon for gas, because the USD is worthless, DC overspending needs to be reversed fast and hard... DC is not to big to fail. tell you what. lemme know when another country in a similar situation cuts spending. because the US isnt unique another example of your racist hatred of the black presdient |
Taxing the economy away....
On Wed, 21 Jul 2010 21:31:28 -0600, Canuck57
wrote: On 21/07/2010 8:26 PM, W1TEF wrote: http://www.investors.com/NewsAndAnal...e-Horizon.aspx Yep, government greed and statism, they will be a 10% European like VAT right after November if people don't get the right people in. Governemtn needs a diet pill, a whole case lot of them. Only a fool would believe Obama/democrats spend crazy are for free. except the massive deficits were caused by the rich white president george bush not the black president obama notice the right wing thinks obama's been president for 8 years... |
Taxing the economy away....
"bpuharic" wrote in message ... On Wed, 21 Jul 2010 21:34:42 -0600, Canuck57 wrote: On 21/07/2010 8:46 PM, bpuharic wrote: On Wed, 21 Jul 2010 22:26:58 -0400, 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 Here is a hint how bad Obama and the democrats are killing the US economy. here's a hint about how clueless you are the budget for obama's 1st year in office was approved by the previous administration of george bush it raised the deficit to 9% of GDP. so he's CONTINUING, not INVENTING the policy of high deficits more proof of your racism Interest rates are on the rise in Canada, Europe and Asia. So unless you want $20 gallon for gas, because the USD is worthless, DC overspending needs to be reversed fast and hard... DC is not to big to fail. tell you what. lemme know when another country in a similar situation cuts spending. because the US isnt unique another example of your racist hatred of the black presdient And if the current POTUS was not black, what would your excuse be? Would that fix the racism problem? |
Taxing the economy away....
On 22/07/2010 3:51 AM, bpuharic wrote:
On Wed, 21 Jul 2010 21:34:42 -0600, wrote: On 21/07/2010 8:46 PM, bpuharic wrote: On Wed, 21 Jul 2010 22:26:58 -0400, 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 Here is a hint how bad Obama and the democrats are killing the US economy. here's a hint about how clueless you are the budget for obama's 1st year in office was approved by the previous administration of george bush it raised the deficit to 9% of GDP. so he's CONTINUING, not INVENTING the policy of high deficits more proof of your racism Interest rates are on the rise in Canada, Europe and Asia. So unless you want $20 gallon for gas, because the USD is worthless, DC overspending needs to be reversed fast and hard... DC is not to big to fail. tell you what. lemme know when another country in a similar situation cuts spending. because the US isnt unique another example of your racist hatred of the black presdient The real racism here is you think I should like him because he is black. -- Government has liberals, idealists and lawyers, but where is the common sense? |
Taxing the economy away....
On 7/22/10 8:45 AM, Canuck57 wrote:
On 22/07/2010 3:51 AM, bpuharic wrote: On Wed, 21 Jul 2010 21:34:42 -0600, wrote: On 21/07/2010 8:46 PM, bpuharic wrote: On Wed, 21 Jul 2010 22:26:58 -0400, 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 Here is a hint how bad Obama and the democrats are killing the US economy. here's a hint about how clueless you are the budget for obama's 1st year in office was approved by the previous administration of george bush it raised the deficit to 9% of GDP. so he's CONTINUING, not INVENTING the policy of high deficits more proof of your racism Interest rates are on the rise in Canada, Europe and Asia. So unless you want $20 gallon for gas, because the USD is worthless, DC overspending needs to be reversed fast and hard... DC is not to big to fail. tell you what. lemme know when another country in a similar situation cuts spending. because the US isnt unique another example of your racist hatred of the black presdient The real racism here is you think I should like him because he is black. You and your pack of miscreants here have posted enough outright racist remarks about Obama to leave aside completely whether you should like him...or not. You are about as truthful about your racism as herring is when he denies making racist comments about the high school students he used to babysit or making ethnic slurs about latinos. |
Taxing the economy away....
In article ,
says... On 7/22/10 8:45 AM, Canuck57 wrote: On 22/07/2010 3:51 AM, bpuharic wrote: On Wed, 21 Jul 2010 21:34:42 -0600, wrote: On 21/07/2010 8:46 PM, bpuharic wrote: On Wed, 21 Jul 2010 22:26:58 -0400, 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 Here is a hint how bad Obama and the democrats are killing the US economy. here's a hint about how clueless you are the budget for obama's 1st year in office was approved by the previous administration of george bush it raised the deficit to 9% of GDP. so he's CONTINUING, not INVENTING the policy of high deficits more proof of your racism Interest rates are on the rise in Canada, Europe and Asia. So unless you want $20 gallon for gas, because the USD is worthless, DC overspending needs to be reversed fast and hard... DC is not to big to fail. tell you what. lemme know when another country in a similar situation cuts spending. because the US isnt unique another example of your racist hatred of the black presdient The real racism here is you think I should like him because he is black. You and your pack of miscreants here have posted enough outright racist remarks about Obama to leave aside completely whether you should like him...or not. You are about as truthful about your racism as herring is when he denies making racist comments about the high school students he used to babysit or making ethnic slurs about latinos. Spoofer alert! Why would I care? Hell, I make slurs, insults and name calling here constantly. |
Taxing the economy away....
On Thu, 22 Jul 2010 06:02:09 -0400, "D.Duck" wrote:
"bpuharic" wrote in message .. . On Wed, 21 Jul 2010 21:34:42 -0600, Canuck57 wrote: tell you what. lemme know when another country in a similar situation cuts spending. because the US isnt unique another example of your racist hatred of the black presdient And if the current POTUS was not black, what would your excuse be? Would that fix the racism problem? would you be criticizing a rich white president? because you HAVENT. you IGNORE bush. THAT is proof of your racist hatred of the black president |
Taxing the economy away....
On Thu, 22 Jul 2010 06:45:57 -0600, Canuck57
wrote: On 22/07/2010 3:51 AM, bpuharic wrote: On Wed, 21 Jul 2010 21:34:42 -0600, wrote: the budget for obama's 1st year in office was approved by the previous administration of george bush it raised the deficit to 9% of GDP. so he's CONTINUING, not INVENTING the policy of high deficits more proof of your racism Interest rates are on the rise in Canada, Europe and Asia. So unless you want $20 gallon for gas, because the USD is worthless, DC overspending needs to be reversed fast and hard... DC is not to big to fail. tell you what. lemme know when another country in a similar situation cuts spending. because the US isnt unique another example of your racist hatred of the black presdient The real racism here is you think I should like him because he is black. HAHAHAHAA!! did i say you should like him at all??? you right wingers are stupdendously stupid |
Taxing the economy away....
On Thu, 22 Jul 2010 11:45:51 -0400, wrote:
On Thu, 22 Jul 2010 05:56:04 -0400, bpuharic wrote: uh no. your figures are simply wrong http://www.bankrate.com/finance/taxe...ket-rates.aspx looks like the right wing is trying fora propaganda score What part was wrong. You posted the 2010 rates with the Bush tax cuts in place. If they expire the numbers I posted are right for 2011. uh no. your source is wrong. there is no tax policy organization saying that your right wing bull**** is right http://www.moneybluebook.com/2010-fe...irs-tax-rates/ http://taxes.about.com/od/preparingy...ax-rates_2.htm http://www.bankrate.com/finance/taxe...ket-rates.aspx no one agrees with your bull**** source. sorry |
Taxing the economy away....
"bpuharic" wrote in message ... On Thu, 22 Jul 2010 06:02:09 -0400, "D.Duck" wrote: "bpuharic" wrote in message . .. On Wed, 21 Jul 2010 21:34:42 -0600, Canuck57 wrote: tell you what. lemme know when another country in a similar situation cuts spending. because the US isnt unique another example of your racist hatred of the black presdient And if the current POTUS was not black, what would your excuse be? Would that fix the racism problem? would you be criticizing a rich white president? because you HAVENT. you IGNORE bush. THAT is proof of your racist hatred of the black president It will probably come as a shock to you but I did not vote for McCain. And you have not heard me criticize Obama. I lay the blame for our mess at the doors of Congress. |
Taxing the economy away....
On Thu, 22 Jul 2010 12:50:40 -0400, "D.Duck" wrote:
"bpuharic" wrote in message .. . On Thu, 22 Jul 2010 06:02:09 -0400, "D.Duck" wrote: "bpuharic" wrote in message ... On Wed, 21 Jul 2010 21:34:42 -0600, Canuck57 wrote: tell you what. lemme know when another country in a similar situation cuts spending. because the US isnt unique another example of your racist hatred of the black presdient And if the current POTUS was not black, what would your excuse be? Would that fix the racism problem? would you be criticizing a rich white president? because you HAVENT. you IGNORE bush. THAT is proof of your racist hatred of the black president It will probably come as a shock to you but I did not vote for McCain. And you have not heard me criticize Obama. I lay the blame for our mess at the doors of Congress. and yet you seem to be blind to those who make racist assumptions about obama and say nothing about bush... |
Taxing the economy away....
"D.Duck" wrote in message
... "bpuharic" wrote in message ... On Thu, 22 Jul 2010 06:02:09 -0400, "D.Duck" wrote: "bpuharic" wrote in message ... On Wed, 21 Jul 2010 21:34:42 -0600, Canuck57 wrote: tell you what. lemme know when another country in a similar situation cuts spending. because the US isnt unique another example of your racist hatred of the black presdient And if the current POTUS was not black, what would your excuse be? Would that fix the racism problem? would you be criticizing a rich white president? because you HAVENT. you IGNORE bush. THAT is proof of your racist hatred of the black president It will probably come as a shock to you but I did not vote for McCain. And you have not heard me criticize Obama. I lay the blame for our mess at the doors of Congress. You have to give Congress some, but not too much credit for pushing back at Oh Bama's agenda. -- Harold |
Taxing the economy away....
On Thu, 22 Jul 2010 12:54:57 -0400, "Harold"
wrote: "D.Duck" wrote in message m... It will probably come as a shock to you but I did not vote for McCain. And you have not heard me criticize Obama. I lay the blame for our mess at the doors of Congress. You have to give Congress some, but not too much credit for pushing back at Oh Bama's agenda. gee. if only the GOP congress had had the balls with GWB we wouldnt be in a depression |
Taxing the economy away....
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%? Add another couple of percentage points for the return of the AMT and reductions in deductions (hey I'm a poet) in several important categories. Who is getting screwed the hardest? |
Taxing the economy away....
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 |
Taxing the economy away....
wrote in message ... On Wed, 21 Jul 2010 21:29:08 -0700, "nom=de=plume" wrote: wrote in message . .. 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 You seemed to ignore this part, The lowest bracket for the personal income tax, for instance, moves up 50% - to 15% from 10%. The next lowest bracket - 25% - will rise to 28%, and the old 28% bracket will be 31% That smacks the working class and the middle class. They are also bringing back the marriage penalty and cutting the standard deduction for couples. Ironic I suppose, right when the gays get to marry. Only if you make the leap in logic that the Bush tax cut would be repealed IN ITS ENTIRETY, which is certainly not going to happen. No one except those on the extreme right are talking about it. That would require legislation that we have not seen yet. The end of the tax cuts is on autopilot for 12/31/10. Just about everything requires legislation. Perhaps you can get the Republicans in Congress to actually do something vs. nothing. My guess is they will kick the can down the road a year so the next congress can get a swing at it but who knows what will come out of the lame duck session. I do think there will be a big sell off in the stock market if they do let them expire or simply raise the cap gains tax. It will be a good buying opportunity because I would expect to see people buying back in January once they cash out their profits at the lower rate. |
Taxing the economy away....
"bpuharic" wrote in message ... 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 Doesn't matter. The nutcases say it's so, therefore it must be so. |
Taxing the economy away....
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? |
Taxing the economy away....
On 7/22/10 3:08 PM, W1TEF wrote:
On Thu, 22 Jul 2010 14:41:44 -0400, wrote: On Thu, 22 Jul 2010 14:26:17 -0400, wrote: On Wed, 21 Jul 2010 22:46:49 -0400, wrote: On Wed, 21 Jul 2010 22:26:58 -0400, 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? Those with incomes over $250,000 should be paying 49% on every dollar over $250,000. |
Taxing the economy away....
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 |
Taxing the economy away....
On Thu, 22 Jul 2010 15:08:58 -0400, W1TEF wrote:
On Thu, 22 Jul 2010 14:41:44 -0400, bpuharic wrote: 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. yeah. this ranks right up there with obama's gonna take our guns and obama's gonna fire every white person in govt... January 1st, 2011, I want you to come back here and and in big bold letters in this thread and say I WAS WRONG!! OK. it's a date. Fair enough? :) But it still begs the question - assuming it does happen, is it fair? he can sell all the guns he confiscates to balance the budget |
Taxing the economy away....
On Thu, 22 Jul 2010 15:37:40 -0400, bpuharic wrote:
January 1st, 2011, I want you to come back here and and in big bold letters in this thread and say I WAS WRONG!! OK. it's a date. And I will do the same. But it still begs the question - assuming it does happen, is it fair? he can sell all the guns he confiscates to balance the budget Who is he going to sell them to if he confiscates them all? Now that's some premium economic thinking. :) You didn't answer the question though - is it fair or not? Assuming, of course, that it does happen. |
Taxing the economy away....
wrote in message ... On Thu, 22 Jul 2010 12:24:46 -0400, bpuharic wrote: On Thu, 22 Jul 2010 11:45:51 -0400, wrote: On Thu, 22 Jul 2010 05:56:04 -0400, bpuharic wrote: uh no. your figures are simply wrong http://www.bankrate.com/finance/taxe...ket-rates.aspx looks like the right wing is trying fora propaganda score What part was wrong. You posted the 2010 rates with the Bush tax cuts in place. If they expire the numbers I posted are right for 2011. uh no. your source is wrong. there is no tax policy organization saying that your right wing bull**** is right http://www.moneybluebook.com/2010-fe...irs-tax-rates/ http://taxes.about.com/od/preparingy...ax-rates_2.htm http://www.bankrate.com/finance/taxe...ket-rates.aspx no one agrees with your bull**** source. sorry You are talking about what the rates ARE NOW, not what they were BEFORE THE BUSH TAX CUTS and what they will revert to on Dec 31 2010 What part of this is so hard for you to understand? They will still be at a historically very low rate, and no one is suggesting a complete repeal. |
Taxing the economy away....
wrote in message ... 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 Bob that is exactly what happens if they do not come up with a new tax bill between now and December. It is already the law. The tax cuts simply expire. So, do you think the Republicans are going to sit on their hands if the Democrats in control of Congress allowed that to happen? Come on. You know there's going to be some monkeying around with them. |
Taxing the economy away....
On 7/22/10 8:23 PM, nom=de=plume wrote:
wrote in message ... 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 Bob that is exactly what happens if they do not come up with a new tax bill between now and December. It is already the law. The tax cuts simply expire. So, do you think the Republicans are going to sit on their hands if the Democrats in control of Congress allowed that to happen? Come on. You know there's going to be some monkeying around with them. Drop the five point increase on the lower income groups, and raise the 4.6 point increase on the higher income groups to 14 points. |
Taxing the economy away....
On Thu, 22 Jul 2010 20:00:43 -0400, wrote:
On Thu, 22 Jul 2010 12:24:46 -0400, bpuharic wrote: What part was wrong. You posted the 2010 rates with the Bush tax cuts in place. If they expire the numbers I posted are right for 2011. uh no. your source is wrong. there is no tax policy organization saying that your right wing bull**** is right http://www.moneybluebook.com/2010-fe...irs-tax-rates/ http://taxes.about.com/od/preparingy...ax-rates_2.htm http://www.bankrate.com/finance/taxe...ket-rates.aspx no one agrees with your bull**** source. sorry You are talking about what the rates ARE NOW, not what they were BEFORE THE BUSH TAX CUTS and what they will revert to on Dec 31 2010 What part of this is so hard for you to understand? they will not revert to this level again for the middle class. and NO ONE believes they will except, of course, the tin foil hat crowd |
Taxing the economy away....
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Taxing the economy away....
"Harry " wrote in message m... On 7/22/10 8:23 PM, nom=de=plume wrote: wrote in message ... 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 Bob that is exactly what happens if they do not come up with a new tax bill between now and December. It is already the law. The tax cuts simply expire. So, do you think the Republicans are going to sit on their hands if the Democrats in control of Congress allowed that to happen? Come on. You know there's going to be some monkeying around with them. Drop the five point increase on the lower income groups, and raise the 4.6 point increase on the higher income groups to 14 points. Sounds reasonable, esp. given the problems we're facing. |
Taxing the economy away....
wrote in message ... On Thu, 22 Jul 2010 17:22:26 -0700, "nom=de=plume" wrote: You are talking about what the rates ARE NOW, not what they were BEFORE THE BUSH TAX CUTS and what they will revert to on Dec 31 2010 What part of this is so hard for you to understand? They will still be at a historically very low rate, and no one is suggesting a complete repeal. Now who has the crystal ball? If past performance is any guide, this will be a 2000 page tax bill that nobody will actually read until about June of 2011 No crystal ball needed. The fact is that they would still be at a low historically. And, again, nobody is talking about letting it expire in its entirety. That's just right-wing paranoia. There's even talk among Democrats of leaving in some of the breaks for the rich. |
Taxing the economy away....
wrote in message ... On Thu, 22 Jul 2010 17:23:42 -0700, "nom=de=plume" wrote: Bob that is exactly what happens if they do not come up with a new tax bill between now and December. It is already the law. The tax cuts simply expire. So, do you think the Republicans are going to sit on their hands if the Democrats in control of Congress allowed that to happen? Come on. You know there's going to be some monkeying around with them. Again if past is prologue, the republicans will stall, obstruct and generally be a pain in the ass. Truth be known they want the tax cuts to expire so they will have a club to use next year. Exactly, and the Dems will not let that happen. You will certainly not see anything happen until after November unless they simply rubber stamp an extension which is what my crystal ball says. Get out the Windex! :) We'll see. Even an extension would prove my point. |
Taxing the economy away....
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