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Thread: Obama to call for new tax increases in State of the Union address

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by Conservative View Post
    Why do the middle class like their products? They created something that the middle class wants and you want to penalize them for it. If you truly admire them then let them spend their money wherever they want. It isn't the role of the Federal Govt. to take care of the poor in your community, that is your job and the neighbors in your community. You have bought the liberal rhetoric that it is the role of the massive central govt. to provide domestic welfare when it is the role of the Federal Govt. to promote domestic welfare. Why do you support such waste, fraud, and abuse of our Federal Tax dollars. Tell me how any rich person prevented you from becoming rich or getting a bigger share of the growing pie? I keep asking the question and liberals ignore it.
    You ignored my question and went back to your same old rant. I'll try one more time. How would Bill Gates have gotten rich without a middle class with the money to buy his products? It does not matter how much someone wants an item if he cannot afford to BUY it. It is the middle class that is failing not the wealthy.

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by disneydude View Post
    No he isn't. He's talking about switching tax cuts that benefit the wealthiest for tax cuts that benefit the middle class.
    Which still doesn't answer the question about how removing the money from the ecomomy benefits anyone....

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by iguanaman View Post
    You ignored my question and went back to your same old rant. I'll try one more time. How would Bill Gates have gotten rich without a middle class with the money to buy his products? It does not matter how much someone wants an item if he cannot afford to BUY it. It is the middle class that is failing not the wealthy.
    I can't quite understand how the government expects to benefit the "middle class", when it's been the primary cause for the troubles faced by the middle class. How does a capital gain payment on inherited stock, where no capital gain has been realized, benefit the middle class?

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    Re: Obama to call for new tax increases in State of the Union address

    All this back-and-forth aside, raising taxes in a frail anemic recovery is a recipe for killing that recovery. THAT is a FACT. . . PERIOD

    Only an idiot would propose such a thing.

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by ocean515 View Post
    I can't quite understand how the government expects to benefit the "middle class", when it's been the primary cause for the troubles faced by the middle class. How does a capital gain payment on inherited stock, where no capital gain has been realized, benefit the middle class?
    As long as Obama promises to tax the rich more and make them share the wealth, it makes the people eaten up with class envy feel those thrills run up their leg again. It doesn't have to actually benefit anyone to be wildly popular with idiots.
    You can't reason anyone out of a position they didn't reason themselves into in the first place.

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by ocean515 View Post
    I can't quite understand how the government expects to benefit the "middle class", when it's been the primary cause for the troubles faced by the middle class. How does a capital gain payment on inherited stock, where no capital gain has been realized, benefit the middle class?
    Higher taxation obviously helps no one, but a shifting of tax burden can be beneficial to the majority, and beneficial to our economy.

    Higher taxation on inheritance can be offset by lower tax rates in the lower tax brackets. I'd much prefer to pay my taxes after death, when I no longer have a need for wealth, than to pay taxes on income that I earn while I am alive.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by Thrilla View Post
    Which still doesn't answer the question about how removing the money from the ecomomy benefits anyone....
    It doesn't remove it from the economy. Just the opposite. It puts the money back into the economy. Think of it as the opposite of "Trickle Down". Its trickle up economics. Put the money in the hands of the working and middle class and they are likely to put it back into the economy.
    <font size=5><b>Its been several weeks since the Vegas shooting.  Its it still "Too Early" or can we start having the conversation about finally doing something about these mass shootings???​</b></font>

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by TerryOfromCA View Post
    All this back-and-forth aside, raising taxes in a frail anemic recovery is a recipe for killing that recovery. THAT is a FACT. . . PERIOD

    Only an idiot would propose such a thing.
    I really don't think that active discussion of tax policy is harmful to our economy, although down-talking the economy to gain political power can be.

    Like Obamacare for instance, it's effectively neutral to our macroeconomy (some people are a little better off, others are harmed just a tad, they factor each other out), but I would think that people who have been claiming that Obamacare is going to destroy our economy have themselves caused a certain amount of economic harm by making such claims (and thus retarding consumer spending and business expansion due to the fear factor).
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by imagep View Post
    Higher taxation obviously helps no one, but a shifting of tax burden can be beneficial to the majority, and beneficial to our economy.

    Higher taxation on inheritance can be offset by lower tax rates in the lower tax brackets. I'd much prefer to pay my taxes after death, when I no longer have a need for wealth, than to pay taxes on income that I earn while I am alive.
    My understanding is that is not how it's going to work. If you are a beneficiary of estate, regardless of your income status, you will be required to pay capital gains taxes on the cost differential at the time of death, rather than when you dispose of the asset. That means that some people will be forced to sell assets in order to pay capital gains taxes, even though they had no plans to dispose of the assets.

    What an outrageous POS proposal.

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by imagep View Post
    I really don't think that active discussion of tax policy is harmful to our economy, although down-talking the economy to gain political power can be.. . . . .
    Okay. You got me on a technicality. Yes, "discussion" of tax policy is not harmful to our economy. But why even discuss raising taxes when its a bad thing to do and when it would never pass Congress? What is Obama's purpose other than to deflect from real issues at hand.

    Quote Originally Posted by imagep View Post
    .... . . . . Like Obamacare for instance, it's effectively neutral to our macroeconomy (some people are a little better off, others are harmed just a tad, they factor each other out), but I would think that people who have been claiming that Obamacare is going to destroy our economy have themselves caused a certain amount of economic harm by making such claims (and thus retarding consumer spending and business expansion due to the fear factor).
    I totally disagree. Obamacare is a job killer, and that is bad for everyone.

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