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Thread: State of the Union Address

  1. #241
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    Re: State of the Union Address

    Quote Originally Posted by Conservative View Post
    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.
    It cannot be taxed AGAIN until it is taxed the first time. It has not been. You use of the word AGAIN is both factually wrong and dishonest.
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    There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers

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    Re: State of the Union Address

    Quote Originally Posted by OpportunityCost View Post
    Shut up Sheik. Attachment 67121600
    Top 1% get 16% of the income and pay 38% of the taxes.
    Top 5% get 35% of the income and pay 59% of the taxes.
    Top 10% get 46% of the income and pay 70% of the taxes.

    We cant even get enough money if the top 1% paid ALL of their income. We are spending too much money and this chucklehead wants us to just spend more and more. Hes the most dangerous kind of crazy, the kind with a lot of power and no idea of the consequences down the road.
    It took 30 years of both spending too much and taxing the rich too little to get us into this mess. It will take the opposite to fix the mess. There are no magic shortcuts.

    It should be obvious that the only time in the last 30 years that we substantially reduced the budget deficit was in the 90s when both sides came together to both cut spending and increase taxes on the rich.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  3. #243
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    Re: State of the Union Address

    "It doesn't matter who the people voted for, they always vote for us." Joseph Stalin

    I'm not saying our politicians are communist. Just elitists!

    http://abcnews.go.com/blogs/politics...-of-americans/
    “About 47 percent of Congress, or 249 current members are millionaires. … In 2010, the estimated median net worth of a current U.S. senator stood at an average of $2.56 million,” according to the Center’s research.

    So who runs the parties, puts up and backs the cadidates, and frequently are the candidates?

    Of course they are altruistic and have common concerns with the rest of us. They want the load evenly shared and equal opportunity for all!
    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!

  4. #244
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    Re: State of the Union Address

    Quote Originally Posted by haymarket View Post
    It cannot be taxed AGAIN until it is taxed the first time. It has not been. You use of the word AGAIN is both factually wrong and dishonest.
    The income was taxed once and that net income was used as investment capital. If that income wasn't earned where does the investment capital come from?

  5. #245
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    Re: State of the Union Address

    Quote Originally Posted by danarhea View Post
    Damn. Another James Bond movie in the works with a new arch nemesis for 007.

    The Man With the Golden Tongue.
    Oh come on. that was one of the worst SOU speeches I've listened to in years.

    Golden tongue, more like the man with s#!t for brains.

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    Re: State of the Union Address

    Quote Originally Posted by lizzie View Post
    He's promised taxpayer money. He himself has provided nothing. He's worried about clean energy that will skyrocket energy costs for all of us, when we have alot of folks who can't even afford their light bill as it is.
    How many presidents have personally financed the government in the past???? Get real!

    We have experience with the failure of short-term thinking under Bush that brought us the Great Recession. Thanks, but no thanks!
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: State of the Union Address

    Quote Originally Posted by Catawba View Post
    It took 30 years of both spending too much and taxing the rich too little to get us into this mess. It will take the opposite to fix the mess. There are no magic shortcuts.

    It should be obvious that the only time in the last 30 years that we substantially reduced the budget deficit was in the 90s when both sides came together to both cut spending and increase taxes on the rich.

    What happened in 90s was a balanced budget!
    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!

  8. #248
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    Re: State of the Union Address

    Quote Originally Posted by Conservative View Post
    The income was taxed once and that net income was used as investment capital. If that income wasn't earned where does the investment capital come from?
    It could be given to a person.
    It could be inherited.
    It could be profits from other investments.
    It could be the result of an award from a lawsuit.
    It could be found money.

    The possibilities are as wide and varied as the number of people are.

    And so what if the money invested was earned as wages and taxed as such? That investment is not taxed "again". It is called CAPITAL GAINS for a reason - the idea being that you pay on the GAINS part of it.

    For something to be taxed AGAIN, that same money has first to be taxed once. And that is not the case here.

    You are using the term AGAIN in error.
    __________________________________________________ _
    There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers

  9. #249
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    Re: State of the Union Address

    Quote Originally Posted by mtlhdtodd View Post
    Oh come on. that was one of the worst SOU speeches I've listened to in years.

    Golden tongue, more like the man with s#!t for brains.
    Shocking that you would feel that way given your lean and personal ideology.
    __________________________________________________ _
    There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers

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    Re: State of the Union Address

    Quote Originally Posted by MaggieD View Post
    You just cannot stand being wrong, can you?
    I'll let you know if you ever prove me wrong.

    This year those earning over $1 million will pay, on average, 29.1 percent on federal taxes. Those earning between $50,000 and $75,000 will pay 15 percent.
    What part of Romney's admission of only paying 13.9% of his income in taxes did you not understand?

    My claim (which has now been proven correct) was that those who's income is primarily from investments, pay a lower tax rate than those who make $50,000.

    You've just admitted above that those that earn $50,000 pay 15%. Is that greater than or smaller than the 13.9% tax rate that Romney paid?

    That is exactly the same case with Buffett (because his income is primarily from investments) pays a lower tax rate than this secretary, which was proven true by the fact checkers.

    And yet you still deny it? How can you deny that, and that Romney's own tax records that showed he paid only 13.9%???
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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