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Thread: State of the Union Address

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    Re: State of the Union Address

    Quote Originally Posted by Boo Radley View Post
    I think we know that we're talking about paying a higher rate and not that she pays more in actual dollars. The fact that she pays a lower rate is a problem, and largely unfair. As this is true (isn't it), shouldn't we focus on that?
    She isn't paying a higher rate on any investment income she has as well as like Buffet if she is invested then she has paid taxes on that income once already. You don't seem to understand where investment capital comes from.

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    Re: State of the Union Address

    Quote Originally Posted by Boo Radley View Post
    I think we know that we're talking about paying a higher rate and not that she pays more in actual dollars. The fact that she pays a lower rate is a problem, and largely unfair. As this is true (isn't it), shouldn't we focus on that?
    They pay the same rate on the same income. As income goes up, Buffet pays at the progressively higher rates, as would she, if she had higher income.

    They pay the same rates on capital gains. That he has more than she is class envy.

    What the President proposed last night was to raise capital gains tax rates. Every time we've done it, we lower the net revenues derived from capital gains, as unlike income, investment can more easily go elsewhere, as it always has. When Charley Gibson pointed out to Obama in the 2008 debates with Hillary that raising taxes on capital gains has always produced a lower net revenue, Obama agreed, but then said it was more a question of "fairness".



    Like it or not, if we start treating investment gains as regular income, we will get less. It is the ultimate "cut off your nose to spite your face" act, and yet liberals embrace it. The only "fairness" will be that we end up "fairly" more stupid.

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    Re: State of the Union Address

    Quote Originally Posted by Eighty Deuce View Post
    They pay the same rate on the same income. As income goes up, Buffet pays at the progressively higher rates, as would she, if she had higher income.
    And as Paul Harvey says.... . now here is the rest of the story. Unfortunately, the tax law disciriminates on the SOURCE of that income giving a preferential and much lower rate to capital gains than salary or wages which causes the wealthy to reap a benefit that the average worker does not see of its effect is miniscule upon them.
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    Re: State of the Union Address

    Obama says great stuff. He did four years ago and I voted for him. He's great at talk but can't walk the walk. Can anybody gues why I'm independent? Because I RESENT always having to vote for the least objectionable candidate. This November is going to be exceedingly tough. They all are terribly objectionable!
    If you live long enough, you will live in a foreign country, because the past is foreign to the present. We lived differently then. The only constant is change!

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    Re: State of the Union Address

    Quote Originally Posted by Eighty Deuce View Post
    They pay the same rate on the same income. As income goes up, Buffet pays at the progressively higher rates, as would she, if she had higher income.

    They pay the same rates on capital gains. That he has more than she is class envy.

    What the President proposed last night was to raise capital gains tax rates. Every time we've done it, we lower the net revenues derived from capital gains, as unlike income, investment can more easily go elsewhere, as it always has. When Charley Gibson pointed out to Obama in the 2008 debates with Hillary that raising taxes on capital gains has always produced a lower net revenue, Obama agreed, but then said it was more a question of "fairness".

    Like it or not, if we start treating investment gains as regular income, we will get less. It is the ultimate "cut off your nose to spite your face" act, and yet liberals embrace it. The only "fairness" will be that we end up "fairly" more stupid.

    I am surprised that this old lie is still around. Buffet was less than disingenuous when he first raised it a year ago and it seems to have grown like a cancer.


    What struck me about the "State of the Election" speech was two things: He seemed to have been fed some crystal meth; his voice was gravely and pitched and he was machine-gunning his words. What's with that?

    And all of the things he's proposed could have and should have been done in the first half of his administration when he had complete control of the house and senate. Did they just realize this or did they just realize where the polls are.

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    Re: State of the Union Address

    Quote Originally Posted by haymarket View Post
    And as Paul Harvey says.... . now here is the rest of the story. Unfortunately, the tax law disciriminates on the SOURCE of that income giving a preferential and much lower rate to capital gains than salary or wages which causes the wealthy to reap a benefit that the average worker does not see of its effect is miniscule upon them.
    So what ? Again, if you tax capital gains more, you will get less investment, and more importantly LESS REVENUES ........... DUH !!!

    We have proposed a "fair tax" that taxes consumption, with a break for all on essential purchases, and the liberals are dead against it. It would be "fair" beyond belief by every measure Democrats claim is "fair", except Dems don't give a crap about "fair". What all this shows is that it is about class envy. About transfer of wealth. About "free stuff".

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    Re: State of the Union Address

    Quote Originally Posted by haymarket View Post
    And as Paul Harvey says.... . now here is the rest of the story. Unfortunately, the tax law disciriminates on the SOURCE of that income giving a preferential and much lower rate to capital gains than salary or wages which causes the wealthy to reap a benefit that the average worker does not see of its effect is miniscule upon them.
    Where does investment income come from? Seems that liberals want to ignore the reality that people get investment income from their earned income which is taxed at a higher rate than the ROI on investment revenue but that has to be ignored for the liberal agenda to be promoted. Personal income is taxed then investment income is taxed again, Anyone really believe that Buffet's secretary is paying a higher tax rate than all the Buffet revenue was taxed?

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    Re: State of the Union Address

    Quote Originally Posted by Conservative View Post
    Where does investment income come from?
    That would depend on the person involved.

    Do you have a specific individual in mind?

    Personal income is taxed then investment income is taxed again,
    It is not taxed AGAIN since it is new revenue that was not yet taxed for the first time.
    Last edited by haymarket; 01-25-12 at 01:29 PM.
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    Re: State of the Union Address

    Quote Originally Posted by Eighty Deuce View Post
    So what ? Again, if you tax capital gains more, you will get less investment, and more importantly LESS REVENUES ........... DUH !!!

    We have proposed a "fair tax" that taxes consumption, with a break for all on essential purchases, and the liberals are dead against it. It would be "fair" beyond belief by every measure Democrats claim is "fair", except Dems don't give a crap about "fair". What all this shows is that it is about class envy. About transfer of wealth. About "free stuff".

    That is absolutely correct. Consumption taxes are the most fair. The reason liberals/socialists do not like them and claim they are a tax on the poor is because they like to manipulate the income and pay roll taxes for social engineering. Give a wage earner a break on his taxes for buying solar panels from Solyndra and he will.
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    Re: State of the Union Address

    Quote Originally Posted by haymarket View Post
    That would depend on the person involved.

    Do you have a specific individual in mind?



    It is not taxed AGAIN since it is new revenue that was not yet taxed for the first time.
    Where did Romney's investment capital come from? Where does yours come from?

    You think your personal income isn't taxed? The revenue from investments is taxed again but the money used to create that return has already been taxed.

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