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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 The Baron View Post
    Let's not forget that he just instituted an entirely new tax burden on the nation with Obamacare.
    Ohhhh.... ...I am sure nobody is forgetting that. I am sure that is a large part of why the GOP just took back Congress.

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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
    That's a myth that has been dispelled over and over. Sorry.....just isn't so. Some companies have left, but others have moved in. There hasn't been the mass exodus that the right-wing wants you to believe. They obviously go to you though.

    You don't want to be here? Good. Texas would love to have you.
    Maybe, maybe not, I would recommend Colorado for those not yet ready to become proper Texans.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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

    Quote Originally Posted by haymarket View Post
    Where does it then go? Does it vanish or vaporize or simply disappear?
    tax revenues from individuals go to about 160 commercials banks who process the payments and sent them to the federal reserve bank of NY where they are deposited in note option depositories.

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

    Quote Originally Posted by d head View Post
    The relevant knowledge is that inheritance tax is not "death tax".
    I understand this simple fact.
    You have yet to gain that relevant knowledge because you insist on clinging to erroneous terminology and the only arguments you have are fictitious scenarios.
    Inheritance is unearned income and should be taxed.
    I just showed that it was according to the IRS.
    you are required to file any and all estate taxes within 60 days of the persons death.

    so yes it is a death tax.

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

    Quote Originally Posted by ludin View Post
    I just showed that it was according to the IRS.
    you are required to file any and all estate taxes within 60 days of the persons death.

    so yes it is a death tax.
    Down to 60 days now? Next post will it be 72 hours?

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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
    LOL....the blue states generally have higher costs of living because people WANT to live in them. Have you ever noticed that the blue states are where most of the population centers are. Its basic supply/demand....but I wouldn't expect you to understand basic economics (based on your lack of understanding on economic issues) As for California's poverty....yes....that is an issue for California. I'm not sure why the poverty rate is so high, from what I've read, it is based in large part in the more poor rural areas of central California that have the highest poverty rates. Probably as a result of migrant workers who are paid very little....but unlike you....I don't try to gloss over the problems in California. Why do you? Why does Texas lead the nation in the largest percentage of people working at or below minimum wage? Let me give you a clue Con....it has something to do with those corporations "keeping more of what they earn" while they pay their workers peanuts. That's one of the reasons why corporations love Texas. They are given free land, free taxes and they have a hungry base of minimum wage or below minimum wage workers so they don't have to pay people to work.
    Yes, TX with its low cost of living has 500,000 people making Federal Minimum wage whereas California has 2.4 million workers making California minimum wage. TX has a balanced budget, a growing economy, and one of the largest population growths in the nation. It is a state that apparently you believe dumb people are moving to make low wages, have no insurance, and poor education. Can you please explain to us all what major corporations, Fortune 500 Companies, that have moved to TX pay minimum wage. Thanks in advance.

    Your total ignorance is staggering.

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

    Quote Originally Posted by SlevinKelevra View Post
    Down to 60 days now? Next post will it be 72 hours?
    simple mistype get over it. doesn't change the fact it is a death tax.

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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
    We can't cut middle class taxes without paying for it. That is the reason for raising the capital gains rate. Cutting taxes without paying for it is how we got into large deficit spending. To keep revenue the same we need to get it from somewhere. Do you think we should increase our deficit or raise taxes on unspent income? It is not about politics or the lame "war on the wealthy" meme it is about economic reality. If we want to increase consumer spending and GDP growth without increasing our deficit we need to leave more income to those that spend it all and make it up from those that don't. It is not rocket science and such a plan benefits all. The wealthy get higher profits from increased sales and the rest of us get a better life.
    tax cuts are not "paid for" ..ever.... tax cuts are not a spending item.
    we only pay for spending items.
    if you really want to increase consumer spending, you give a total tax holiday out there( which is entirely feasible during a high unemployment, low inflation environment)

    if you are merely trying to stabilize the deficit by offsetting a revenue loss with revenue gain..well, that's a piss poor reason, economically speaking.
    it serve no utility beyond being politically palatable.

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

    Quote Originally Posted by ludin View Post
    simple mistype get over it. doesn't change the fact it is a death tax.
    So which of your three claims are you standing by?

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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
    Yes, TX with its low cost of living has 500,000 people making Federal Minimum wage whereas California has 2.4 million workers making California minimum wage. TX has a balanced budget, a growing economy, and one of the largest population growths in the nation. It is a state that apparently you believe dumb people are moving to make low wages, have no insurance, and poor education. Can you please explain to us all what major corporations, Fortune 500 Companies, that have moved to TX pay minimum wage. Thanks in advance.

    Your total ignorance is staggering.
    More dance and shuffle around the facts.....sorry Con....but you can dance around the facts, but the facts remain. Texas is tied with Mississippi for paying the lowest wages and having the largest percentage of people working for minimum wage. No wonder your education and healthcare systems rank near the bottom as well. Keep living that Texas "dream".....LOL
    <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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