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State of the Union Address

haymarket said:
They should drop to their knees and give proper thanks in the time honored fashion of thousands of years for their good fortune to have it as good for as long as they have had it. They enjoyed those discriminatory and preferential rates while their fellow Americans were paying rates 60% higher for the same income from wages and salary.

The gravy train is coming to an end for them and the train of tax justice is replacing it. Get used to it.
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so you think its fine to double someone's taxes even though they have been taxed twice?

But thanks for confirming what we know about your motivations. and your claim that most americans are paying 15% is as dishonest a claim as your less than malignant attitude expressed in other posts that pretend to be based on fairness

the discrimination is against rich tax payers in favor of the bigger voting classes

but I appreciate you disclosing your true attitude (again)
 
TheNextEra said:
Obama, while he needs to be replaced for other reasons, DOES NOT control the economy.
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Then he can not take credit for its supposed improvement either.

Congress controls the spending and congress is the problem.
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Abso-freakin-lutely! But it goes far beyond the meaning that you want to attach to it. See, congress is the problem for allowing the Trillion dollar deficits, Congress is the problem that they won't say no to Obama's massive bailouts to political donors, and Congress is the problem that they abdicate their duty.

The problem is people like you will continue to vote in the SAME people that are causeing the problem while giving the excuse that "their guy" isn't causing the problem.
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So, you agree with the Tea Party...Who knew?

You hold the president in a "god-like" status without even realizing how things work. And you call other people ignorant, sheesh.
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No, that would be Obama himself....




Until people start caring about who they send to congress, even a quarter as much as they care about the presidency, nothing is going to change with a new president.
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Nope, you do have a minor point there. The more people that we can send in that stop acting like progressive liberals the better.

p you voted for Bush who DOUBLED the debt, increased the size of governmnet, and increased government spending. In other words, you chose poorly. Not only that you chose poorly TWICE. You have no credibiility in your statements.
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You speak of credibility, and attack Bush when we know that Obama has dwarfed Bush spending? Who's choice again?

j-mac
 
TurtleDude said:
we being you and what sockpuppet?

your grasp of reality is non-existent

tell me what other tax is constantly used to buy votes by politicians?
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Payroll taxes, corporate taxes, capital gains, and just about every other form of taxation
 
TurtleDude said:
so you think its fine to double someone's taxes even though they have been taxed twice?
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There is no taxing twice for you to worry about. You know that. You have been educated on that false claim time and time and time again.
 
TurtleDude said:
so you think its fine to double someone's taxes even though they have been taxed twice?

But thanks for confirming what we know about your motivations.
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"People" aren't taxed. Financial transactions are taxed.

Thanks for confirming your ignorance concerning taxation
 
haymarket said:
There is no taxing twice for you to worry about. You know that. You have been educated on that false claim time and time and time again.
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Ah, but there is double taxation that goes on in our society. Everything from sales, to inheritance taxation are forms of taxing the same money that has been taxed when earned.

j-mac
 
j-mac said:
Ah, but there is double taxation that goes on in our society. Everything from sales, to inheritance taxation are forms of taxing the same money that has been taxed when earned.

j-mac
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Can you give me a specific example using a real human being?
 
Harry Guerrilla said:
Because even with private insurance I can choose to pay more, for the less cost effective procedure.
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You can pay more under Australia's UHC system for a higher level of care if you wish.



They rate averages.
If you fall into the average, all is well, if you don't, you're out of luck.
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No they rate which system serves the most people the best. Ours does not measure up because our system is unaffordable to so many.
 
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Catawba said:
Some people have a hard time getting that.
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Why don't you send in more of what you earn and do your civic duty. Put your money where your mouth is, nothing is stopping you other than probably your family. Why you support giving more to the Federal govt. and less to your family?
 
TurtleDude said:
If someone lives off of investments Obama wants to double (at least) their taxes if they are making a million a year.

are you of the opinion that someone who has a million in income and spends at a level consistent with other people is not going to be hurt if their federal income taxes go from 150K to 300K (and of course they are also paying massive state income taxes and property taxes most likely as well)
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Just a little history:

Congress started taxing capital gains at a lower rate than wages following World War I. The concern then was that high taxes on capital gains actually reduced revenue because people would simply hold onto their investments and restrict the flow of capital, according to the Encyclopedia of Taxation and Tax Policy.

At the time, however, the top tax rate on wages was a whopping 73 percent. In 1922, Congress lowered the top capital gains rate to 12.5 percent, a rate that lasted until 1934.

For much of the next 70 years, the top tax rate on long-term capital gains hovered between 20 percent and 30 percent, going as high as 39.9 percent in the 1970s but never falling below 20 percent until 2003, when Congress passed a gradual reduction to the current rate.

Why Romney, other wealthy investors, pay lower taxes on investments than they would on wages - The Washington Post
 
Conservative said:
If you truly cared about results you would hold this Administration accountable for their poor results and economic failures. it isn't the role of the Federal Govt. to redistribute wealth in the name of compassion for all that does is fuel career politicians and massive expansion of the Federal govt. What is the role of the state and local government in your world?

Unlike what many liberals think, I wasn't born rich, worked for everything i have and resent liberals telling me what to do with that money. How do you know what I do with my income and why should I be forced by a bureaucrat to give more of my money to a federal bureaucracy at the expense of local charities and my church?
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I guess you were born in the wrong country then. The tax structure isn't really about compassion or even fairness. It is just the only way it works in our consumer economy. I'm sorry that wages have stagnated so much that there is no money left for income tax in so many families. but that was what you wanted isn't it? Kill the unions so wages can be kept low? So YOU got the wage increase and you have to pay the taxes that go with that money. It was inevitable...the money has to come from somewhere. You know full well that you could give all your employees a nice raise and that would come off your bottom line and save you on your taxes. Their taxes would go up accordiingly but odds are they would spend a good part of that raise, boosting the economy. That's how our economy works.. the more people with money to spend the more we grow. There are always alternatives to giving money to the Govt., sadly all you seem to care about is Y-O-U.
 
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Boo Radley said:
They expaln where that reasoning comes from in the article I linked. I don't quite buy it, but it is explained.
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McBride says it is unfair to tax income more than once, and capital gains are taxed multiple times. If you got the original investment from wages, that money was taxed. If the stock you own gains value because the company you invested in makes a profit, those profits are taxed through the corporate tax. And if that company issues dividends, those are taxed as well.​


Oh, yeah, that's complete and utter Conservative bullsht as you only pay capital gains tax on profit, not the money invested. Seems our Converative friends are unclear of the meaning of the word, "gains ".
 
iguanaman said:
I guess you were born in the wrong country then. The tax structure isn't really about compassion or even fairness. It is just the only way it works in our consumer economy. I'm sorry that wages have stagnated so much that there is no money left for income tax in so many families. but that was what you wanted isn't it? Kill the unions so wages can be kept low? So YOU got the wage increase and you have to pay the taxes that go with that money. It was inevitable...the money has to come from somewhere. You know full well that you could give all your employees a nice raise and that would come off your bottom line and save you on your taxes. Their taxes would go up accordiingly but odds are they would spend a good part of that raise, boosting the economy. There are always alternatives to giving money to the Govt., sadly all you seem to care about is Y-O-U.
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Being liberal apparently makes you an expert and legend in your own mine, however you need to think more with the brain you have vs. your heart. You somehow think it is more compassionate to send money to the Federal govt. in the form of taxes than keep more of what you earn and spend it locally on charities and your church. That is typical liberalism of passing the buck and claiming that you care. If you truly cared you would start your own business, pay those employees the salary you think is fair, send in more in tax revenue than required, but no, you would rather spread your misery equally to everyone else telling others how to live and how unfair they are.

From your post you have no concept of being in business for yourself. Would love to see you take my advice and start your own business. Get back to me afterwards.
 
Sheik Yerbuti said:
McBride says it is unfair to tax income more than once, and capital gains are taxed multiple times. If you got the original investment from wages, that money was taxed. If the stock you own gains value because the company you invested in makes a profit, those profits are taxed through the corporate tax. And if that company issues dividends, those are taxed as well.​


Oh, yeah, that's complete and utter Conservative bullsht as you only pay capital gains tax on profit, not the money invested. Seems our Converative friends are unclear of the meaning of the word, "gains ".
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And our liberal "friends" have no concept of risk taking but that doesn't stop them from wanting part of any benefits but certainly not any losses.
 
Conservative said:
And our liberal "friends" have no concept of risk taking but that doesn't stop them from wanting part of any benefits but certainly not any losses.
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What risk? If you lose money, you pay no tax at all on the investment. You can even write it off.
 
Conservative said:
And our liberal "friends" have no concept of risk taking but that doesn't stop them from wanting part of any benefits but certainly not any losses.
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Your response has nothing to do with the post you're responding to

SY pointed out that the original investment is not taxed; only the profits are.

And losses are deductible in many cases
 
Conservative said:
Being liberal apparently makes you an expert and legend in your own mine, however you need to think more with the brain you have vs. your heart. You somehow think it is more compassionate to send money to the Federal govt. in the form of taxes than keep more of what you earn and spend it locally on charities and your church. That is typical liberalism of passing the buck and claiming that you care. If you truly cared you would start your own business, pay those employees the salary you think is fair, send in more in tax revenue than required, but no, you would rather spread your misery equally to everyone else telling others how to live and how unfair they are.

From your post you have no concept of being in business for yourself. Would love to see you take my advice and start your own business. Get back to me afterwards.
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Get your eyes checked, Con ...

iguanaman: "The tax structure isn't really about compassion..."

Conservative: "You somehow think it is more compassionate to send money to the Federal govt. in the form of taxes..."
 
Sheik Yerbuti said:
What risk? If you lose money, you pay no tax at all on the investment. You can even write it off.
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If you take a risk and invest your money into stocks and make money I don't expect to get some of it, but that is apparentlyt he difference between me and you. Further stock losses are limited and by increasing taxes on risk taking you are going to discourage investment but I am sure someone like you doesn't understand that
 
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