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Thread: State of the Union Address

  1. #311
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    Re: State of the Union Address

    Quote Originally Posted by Conservative View Post
    Spoken like a true liberal, risk takers investing their own capital in hopes of generating a return so they are no longer in need of that so called liberal help and that is compared to driving a car too fast on the highways? LOL no wonder liberalism is a joke
    Clue for you: the JOKE is your silly RISK TAKER routine. Gimme a freakin break already.

    Miners take a bigger risk going down that hole everyday. Do we give them a 60% break on taxation? Cops and fireman take a big risk everyday they go out on the street in uniform. Do we give them a break on taxation with 60% the normal tax rate?
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    Re: State of the Union Address

    Quote Originally Posted by Conservative View Post
    Good luck getting an answer on that one. Catawba is the biggest supporter of class warfare and envy in this forum and that says a lot.
    So the liberal says to the conservative:
    "I don't think CEO's need to be billionaires to live a decent life."
    Then the conservative says:
    "HEY! SIMMER DOWN WITH THE CLASS WARFARE! YOU DON'T NEED TO BE SUCH A D*** ABOUT IT!"
    Heck, If I blew my nose you'd start accusing me of inciting class warfare. It's a shame that this is flu season.
    When you talk about the Republican candidates, you have to say "Mitt or Newt," else you'll have to say "Neuter Mitt."

  3. #313
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    Re: State of the Union Address

    It's unseemly for a leader to blame the followers. Reagan said the buck stops here. Obama whines, "THEY won't let me do my good stuff!" That's not a leader. That's a petulant child not having his way!
    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 Dickieboy View Post
    Again, false premise. Workers losing a job is a loss of revenue source but his ability to generate revenue from another employer is not reduced. There are laws that require employers to PAY employees for labor worked, receiving revenue. There are no laws to protect investors revenue. If an investment is lost its lost WITHOUT the ability to generate revenue somewhere else, ESPECIALLY if a business fails.
    while the investment is lost, the ability to generate revenue somewhere else is still there. It's called get a job, same that you would ask someone else to do if they lost their job. Why should someone who loses an investment be treated any different?
    Last edited by TheNextEra; 01-25-12 at 04:04 PM.

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    Re: State of the Union Address

    Quote Originally Posted by Tettsuo View Post
    First, I never said Democrats never did the same (never is a long time). But, what Democrats do, even in the quoted about, is give examples of what can be done to change things. Pointing out flaws doesn't equal created fear.


    So much of this is nonsense, I'm amazed no one has addressed it (he admits Obama didn't create the mess, but thing does right ahead and puts it all on him to resolve). But, this is the fearmongering the right uses to motivate it's loyal sheep.
    I concede that you and I see things through glasses with lenses of different shades. Not worth continuing the argument..carry on.

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    Re: State of the Union Address

    Quote Originally Posted by liblady View Post
    it's idiotic to believe that people will stop buying stocks simply becasue they pay a little more tax. when the tax rates for investments were higher, people still invested.
    Revenues from capital gains go down as the tax rates on those gains goes up. It is fact. See the video of Gibson and Obama.

  7. #317
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    Re: State of the Union Address

    Quote Originally Posted by Dickieboy View Post
    It is your premise that is incorrect. The BTC's cut taxes on all classes. Note:

    Bush tax cuts: $544.3 billion…The bulk of that cost — $463 billion — is for the extension of cuts for families making less than $250,000, including two years of relief for 2010 and 2011 for the middle class from the Alternative Minimum Tax. The rest — $81.5 billion — is attributable to the extension of cuts that apply to the highest income families.

    In other words, 85% of the tax cuts went to the middle class
    No, my premise is correct:

    Tax Cuts Offer Most for Very Rich, Study Says

    "Families earning more than $1 million a year saw their federal tax rates drop more sharply than any group in the country as a result of President Bush’s tax cuts, according to a new Congressional study."

    "Based on an exhaustive analysis of tax records and census data, the study reinforced the sense that while Mr. Bush’s tax cuts reduced rates for people at every income level, they offered the biggest benefits by far to people at the very top — especially the top 1 percent of income earners."

    Tax Cuts Offer Most for Very Rich, Study Says - New York Times



    Maybe I'm confused. Were the BTCs on the wealthy suppose to benefit the middle class?
    Why should the middle class vote to continue the tax cuts for the rich if there is no benefit???
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    Re: State of the Union Address

    Quote Originally Posted by haymarket View Post
    Clue for you: the JOKE is your silly RISK TAKER routine. Gimme a freakin break already.

    Miners take a bigger risk going down that hole everyday. Do we give them a 60% break on taxation? Cops and fireman take a big risk everyday they go out on the street in uniform. Do we give them a break on taxation with 60% the normal tax rate?
    Miners knew the risk before taking the job, there is no guarantee that when you invest money you are going to get the desired outcome. Miners are paid for services rendered regardless if they produce a dime. For someone who claims to have been in the private sector you sure don't know a thing about investment and a job.

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    Re: State of the Union Address

    Quote Originally Posted by Catawba View Post
    No, my premise is correct:

    Tax Cuts Offer Most for Very Rich, Study Says

    "Families earning more than $1 million a year saw their federal tax rates drop more sharply than any group in the country as a result of President Bush’s tax cuts, according to a new Congressional study."

    "Based on an exhaustive analysis of tax records and census data, the study reinforced the sense that while Mr. Bush’s tax cuts reduced rates for people at every income level, they offered the biggest benefits by far to people at the very top — especially the top 1 percent of income earners."

    Tax Cuts Offer Most for Very Rich, Study Says - New York Times





    Why should the middle class vote to continue the tax cuts for the rich if there is no benefit???
    Did you even read the article you posted? How do you give a bigger tax cut to people who don't pay any FIT?

    The top 1 percent of income earners paid about 36.7 percent of federal income taxes and 25.3 percent of all federal taxes in 2004. The top 20 percent of income earners paid 67.1 percent of all federal taxes, up from 66.1 percent in 2000, according to the budget office.

    By contrast, families in the bottom 40 percent of income earners, those with incomes below $36,300, typically paid no federal income tax and received money back from the government. That so-called negative income tax stemmed mainly from the earned-income tax credit, a program that benefits low-income parents who are employed.

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    Re: State of the Union Address

    Quote Originally Posted by TheNextEra View Post
    while the investment is lost, the ability to generate revenue somewhere else is still there. It's called get a job, same that you would ask someone else to do if they lost their job. Why should someone who loses an investment be treated any different?
    But the ability to generate revenue on the ORIGINAL INVESTEMENT IS LOST...What if the investor is in their 'golden years'. Would they be able to just 'get a job'? Ultimately they shouldn't be treated differently. The employee should be able to take a portion of his disposable income and invest it then IF SUCCESSFUL realize a capital gain and take advantage of the 15% rate (if he of course is in a income bracket above 15%).

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