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Thread: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

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    Re: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

    Quote Originally Posted by Boo Radley View Post
    . In fact, those who make the most benefit the most.

    So how can we get that measure across and accepted by those who don't want to believe it?
    Is the idea that "Those who make the most benefit the most" a rather new idea to Leftists?

    I've actually been aware of this since my childhood and therefore assumed it was common knowledge.

    Who are these people who don't want to believe such a thing? Are the public schools withholding this information?

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    Re: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

    Quote Originally Posted by Grant View Post
    Is the idea that "Those who make the most benefit the most" a rather new idea to Leftists?

    I've actually been aware of this since my childhood and therefore assumed it was common knowledge.

    Who are these people who don't want to believe such a thing? Are the public schools withholding this information?
    I can't speak for the left. I can only speak for myself, and I have been quite aware of this.

    But as you understand it, you should not object to the wealthy paying more. Unless of course you don't really understand what is being said.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

    Quote Originally Posted by donc View Post
    I erased most of your opinions and crystal ball gazens, hope you don’t mind.

    What is wrong with asking someone that makes TEN TIMES THEIR salary in so-called bonus/stock options, whatever you call it, to pay more than the 15% capitol gains tax?

    For instance; In 2010 Average CEO Pay at S&P 500 Companies . Salary= $1,093,989 paying the same tax rate as you and I on it.


    Bonus/ stock options/whatever they could worm in and tax at the capitol gains rate of 15%…. $11,358,445.

    If the poor rich dude paid the full The full Monty of SS,s $106000 and change ,it would be paid in full in around one day and six hours.But of course he pays nothing on it as he has already paid it on his…coff,coff,salary.
    Mind if I ask where you got this info that bonuses are taxed at a 15% rate. Not sure if you ever got a bonus or are in a bracket higher than 15%. If you were you would know that bonuses are considered ordinary income and are taxed at whatever marginal rate you are in. As far as options go, unless you buy the stock at the option price and hold it for longer than a year then again any profit on these stock options are taxed at the ordinary rate.

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    Re: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

    Quote Originally Posted by Boo Radley View Post
    Not sure how this is a response to what I said, but no. Companies are leaving because they can get cheap labor elsewhere, don't have to worry about providing health insurance, and pay no penality for moving jobs away. You could get rid of all taxes and they still would be moving off shore. Not building the fence is just a way to keep them here as they can use cheap illegal labor.
    There has always been cheaper labor elsewhere than in the United States. In fact, in historical terms, salaries have been rising throughout the world and poverty has become less widespread.

    Like the Russians and East Germans before you, you can build a fence in order to try and keep people in or cry that they are all unpatriotic. Or perhaps you can investigate a little further to determine why companies are leaving the United States rather than grasping at the first option without thinking it through.

    But it''s certainly not just cheap labor that's driving them away, that's for certain.

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    Re: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

    Quote Originally Posted by Grant View Post
    Now that you are not so young and more experienced, why not offer up some evidence to support the idea that those who disagree with your points of view are "brainwashed"? That's what adults do.
    It was posted as my opinion, as per the question mark at the end, which in your zeal to get in a dig failed to notice.

    But i on the other-hand noticed that your statement that "It's always easy for third parties to determine what's 'fair' when it involves other people's money "has nary a question mark in it.

    See. others can post lame ass post as well.Toodles.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

    Quote Originally Posted by Grant View Post
    There has always been cheaper labor elsewhere than in the United States. In fact, in historical terms, salaries have been rising throughout the world and poverty has become less widespread.

    Like the Russians and East Germans before you, you can build a fence in order to try and keep people in or cry that they are all unpatriotic. Or perhaps you can investigate a little further to determine why companies are leaving the United States rather than grasping at the first option without thinking it through.

    But it''s certainly not just cheap labor that's driving them away, that's for certain.
    Yes, we can better take advantage of it now. It is not that it wasn't there before, it is that we now have the means to use and abuse it.

    Cheap labor and health care have much larger impact than taxes, by a wide margin. And you can also abuse the people and envirnoment in other countries. There are serious oil spill around the world, for example, killing much, with little outrage. Great for business, but bad for people.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

    Quote Originally Posted by Boo Radley View Post
    I can't speak for the left. I can only speak for myself, and I have been quite aware of this.

    But as you understand it, you should not object to the wealthy paying more. Unless of course you don't really understand what is being said.
    Why should they pay more? Did they cheat anyone? Earn their money dishonestly?

    Why should they support social programs they never voted for or pork barrel wastes like the 'stimulus' craziness? No intelligent person would want to give their hard earned money to this insane outfit in Washington.

    A wiser alternative would be to draw up a budget and follow it, but that wacky crew in DC can't even do that. Barrack Obama is obviously using the Grecian Formula.

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    Re: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

    Quote Originally Posted by Grant View Post
    Why should they pay more? Did they cheat anyone? Earn their money dishonestly?

    Why should they support social programs they never voted for or pork barrel wastes like the 'stimulus' craziness? No intelligent person would want to give their hard earned money to this insane outfit in Washington.

    A wiser alternative would be to draw up a budget and follow it, but that wacky crew in DC can't even do that. Barrack Obama is obviously using the Grecian Formula.
    Nope, they benefit more. I thought you said you understood that. They benefit more from government.

    And you can be wise, frugal, and prudent, and still have people pay their fair share.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

    Quote Originally Posted by washunut View Post
    Mind if I ask where you got this info that bonuses are taxed at a 15% rate. Not sure if you ever got a bonus or are in a bracket higher than 15%. If you were you would know that bonuses are considered ordinary income and are taxed at whatever marginal rate you are in. As far as options go, unless you buy the stock at the option price and hold it for longer than a year then again any profit on these stock options are taxed at the ordinary rate.

    What is the tax on the dividends that stock bonus pay out when they are held for four years?
    Last edited by Donc; 09-20-11 at 03:07 PM.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

    Quote Originally Posted by Boo Radley View Post
    Yes, we can better take advantage of it now. It is not that it wasn't there before, it is that we now have the means to use and abuse it.

    Cheap labor and health care have much larger impact than taxes, by a wide margin. And you can also abuse the people and envirnoment in other countries. There are serious oil spill around the world, for example, killing much, with little outrage. Great for business, but bad for people.
    I actually spend a great deal of time in the third world, or did until very recently, and they are becoming very aware on the environment also. If not there are plenty of foreigners who will be quick to point out any sins of omission or commission. No company can operate in a vacuum anymore, anywhere.

    The idea that these American companies (or companies from any country) can just come in and ride rough shod over the locals is simply not true. In fact local people will stand in line for days to try and get work for a foreign owned company because they know that, far more often than not, they'll be treated far more fairly, with better working conditions and benefits than any local company will ever provide. You're just repeating a common fallacy.

    And the US has become so concerned about possible oil spills, despite the high technology in place to prevent and contain such events, that they are refusing an oil pipeline from Canada which would mean over 20,000 permanent jobs and a guarantees for the future.

    Seeking third world status and living conditions might be a Leftists dream but why should those with money in their pockets, at least for the moment, contribute to it? And you ask why companies and people are leaving?

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