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Thread: Health Bill Extends Wage Tax to Investments

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    Re: Health Bill Extends Wage Tax to Investments

    Quote Originally Posted by liblady View Post
    no, the article does not explain it one bit. not one.
    Businesses exist on margins and risk. If they are not in balance, you readjust your business (lay people off, cut back on expenses) until risk is within an acceptable margin, and profits are within an acceptable margin.

    Good businesses don't operate outside of these projections, particularly those that have to satisfy investors' tolerance for risk.

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    Re: Health Bill Extends Wage Tax to Investments

    Quote Originally Posted by Erod View Post
    FOXNews.com - Health Bill Extends Wage Tax to Investments



    Someone please tell Obama that this is no way to encourage Americans to take risks with their capital on investing in the United States, and the world for that matter.

    So I had to deal with my 40 percent losses in the market, and now you want to tax my recovery just because I re-diversified to the changed market?

    This isn't government. This is reparations in disguise.
    Reparations in disguise eh? So in your racist mind, only Black people will benefit from this? Please explain how.

    You had to deal with your 40% losses like most of us. However, if you haven't regained that 40% and more then... you're doing it wrong.

    Those reporting adjusted gross income of more than $250,000 to the IRS are projected to make up 2 percent of households next year (2009).

    Joint returns with more than $250,000 adjusted gross income and single returns with more than $125,000 adjusted gross income together are estimated to make up 3.1 percent of households next year. According to the Tax Policy Center's calculations.
    When people have too much disposable income they tend to create bubbles by investing unwisely. Please see tech and housing bubbles for examples.

    I think we should get the Marginal Income Tax Rates back up over 70% for the top bracket too.

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    Re: Health Bill Extends Wage Tax to Investments

    Quote Originally Posted by NoJingoLingo View Post
    You had to deal with your 40% losses like most of us. However, if you haven't regained that 40% and more then... you're doing it wrong.


    When people have too much disposable income they tend to create bubbles by investing unwisely. Please see tech and housing bubbles for examples.

    I think we should get the Marginal Income Tax Rates back up over 70% for the top bracket too.
    Wow.

    OK, I have recovered my 40 percent, and I AM ONE OF THE FEW. If you left your money entirely alone, you haven't recovered. That's disingenuous for you to say. The market was at 14000, dropped to around 7000 and is back up to around 10600. Unless you doubled your contributions, or in my case, redistributed my dollars elsewhere, you haven't recovered but half thus far.

    And really? You think people should be paying 70 percent in taxes? Look what that did for England. LOL

    "Too much disposable income"? So I should not be allowed to make "too much disposable income"? Wow, if that ain't Stalin-esque, I don't know what is.
    Last edited by Erod; 03-19-10 at 11:56 AM.

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    Re: Health Bill Extends Wage Tax to Investments

    Quote Originally Posted by Erod View Post
    They explain it in the article. It changes the dynamics of competition for them while raising their costs.

    One thing is certain: they will be laying off a lot of people, as will many companies.

    Hello 15 percent unemployment?
    IMO Unemployment taken nationwide already exceeds 15% and in particular situations in certain parts of the US can and does reach over 20%.

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    Re: Health Bill Extends Wage Tax to Investments

    Quote Originally Posted by Erod View Post
    Wow.
    I know, I'm pretty damn amazing!

    OK, I have recovered my 40 percent, and I AM ONE OF THE FEW. If you left your money entirely alone, you haven't recovered. That's disingenuous for you to say. The market was at 14000, dropped to around 7000 and is back up to around 10600. Unless you doubled your contributions, or in my case, redistributed my dollars elsewhere, you haven't recovered but half thus far.
    If anyone just let their money sit while the market tanked and then made good comeback then... like you cons drone on about - personal responsibility/financial responsibility. So I'm sorry but you don't get to use other peoples lack of responsibility as part of your argument. Consistency sucks, eh?
    But seriously, if you didn't take advantage of the huge dip in the market then you're just another ignorant/disinterested 401k investor. I mean, for pete's sake Apple got down to 82, if you didn't buy Apple shares after having gone from over 200 down to 82 and back up over 200, or CSX at 21 now over 50, then, too bad for you.

    And really? You think people should be paying 70 percent in taxes? Look what that did for England. LOL
    LOL...
    http://www.taxpolicycenter.org/taxfa....cfm?Docid=213

    "Too much disposable income"? So I should not be allowed to make "too much disposable income"? Wow, if that ain't Stalin-esque, I don't know what is.
    Oh, you can make all you want but you should be heavily taxed, like the above chart indicates. We seemed to prosper just fine when the rich were appropriately taxed. Compared to where we are today... not so good.
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    Re: Health Bill Extends Wage Tax to Investments

    This is sort of like the states saying that lottery money goes back to education. Once the money is paid to the government it is fungible. With a deficit of $1.3 trillion we certainly will have to raise taxes.

    If this tax is really to partly pay for this bill, what happens if either the revenue falls short or expenses are higher than expected? Who is going to keep track to make sure this thing is paid for once implemented.

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    Re: Health Bill Extends Wage Tax to Investments

    Quote Originally Posted by liblady View Post
    it's got to be paid for.
    It's got to be repealed (should they get it through Sunday) as soon as the Dems are swept from office in Nov.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: Health Bill Extends Wage Tax to Investments

    Quote Originally Posted by Erod View Post
    Wow.

    OK, I have recovered my 40 percent, and I AM ONE OF THE FEW. If you left your money entirely alone, you haven't recovered. That's disingenuous for you to say. The market was at 14000, dropped to around 7000 and is back up to around 10600. Unless you doubled your contributions, or in my case, redistributed my dollars elsewhere, you haven't recovered but half thus far.

    And really? You think people should be paying 70 percent in taxes? Look what that did for England. LOL

    "Too much disposable income"? So I should not be allowed to make "too much disposable income"? Wow, if that ain't Stalin-esque, I don't know what is.
    I really like when people equate higher taxes on the wealthy to fascists, stalin, hitler, or slavery. Hyperbole much?

    If you think a 70% marginal tax rate equals 70% in taxes, you should probably stop commenting on this subject because you don't even understand it.
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    Why so serious?

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    Re: Health Bill Extends Wage Tax to Investments

    Quote Originally Posted by washunut View Post
    This is sort of like the states saying that lottery money goes back to education. Once the money is paid to the government it is fungible. With a deficit of $1.3 trillion we certainly will have to raise taxes.

    If this tax is really to partly pay for this bill, what happens if either the revenue falls short or expenses are higher than expected? Who is going to keep track to make sure this thing is paid for once implemented.
    No, we certainly do not. The government should be finding ways to cut its expenses to get that side of the equation back in line with its revenues, just like individuals and businesses have to do. That it isn't actively and aggressively doing right now that is the height of arrogance and incompetence.
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    Re: Health Bill Extends Wage Tax to Investments

    Quote Originally Posted by NoJingoLingo View Post
    LOL...
    Historical Top Tax Rate


    Oh, you can make all you want but you should be heavily taxed, like the above chart indicates. We seemed to prosper just fine when the rich were appropriately taxed. Compared to where we are today... not so good.
    You and others keep on making this argument, but repetition doesn't make it any more reasonable.

    Why don't you look up what percentage of people fell into the highest tax bracket back when the top marginal rates were that high.
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