Page 3 of 10 FirstFirst 12345 ... LastLast
Results 21 to 30 of 96

Thread: Obama pleads with Republicans on small business bill

  1. #21
    Sage
    VanceMack's Avatar
    Join Date
    Feb 2010
    Last Seen
    Today @ 08:25 PM
    Gender
    Lean
    Independent
    Posts
    54,611

    Re: Obama pleads with Republicans on small business bill

    Quote Originally Posted by justabubba View Post
    he is only advocating a return to the former tax rates for high earners - those making $200,000 ($250,000) as a couple
    are you suggesting that business owners who are enjoying such profitability are unable to afford to pay a haigher portion of the taxes required to restore our nation to greatness? certainly, based on the profits they enjoy, they are benefitting from the tax paid infrastructure that makes this country a great one in which to own a small business
    Do you also believe that a windfall someone wins by buying a lottery ticket should also be exempt from taxation?
    the person paying the taxes, either from lottery proceeds or from a willed estate, did not work for that windfall they enjoy ... then why should they not pay taxes like people who actually work for their incomes?
    please tell us exactly how he has lied
    WOuld you prefer patently dishonest? How many times have you heard the One (or any democrat say...you know..."the Bush tax cuts for individuals and small businesses really are a good thing...we just disagree that they applied them to big business and rich people too. not that it isnt effective but even though it is not really 'fair' the rich can afford to pay more taxes."

    Instead they demonize tax cuts as being for the wealthy, then promote them as being good for middle income and small business. Its no different with their anti-terrorism practices. "Bush is evil and attacked civil rights...just like...welll...like we are doing..." see...that doesnt play real well.

  2. #22
    Global Moderator
    Truth will set you free
    digsbe's Avatar
    Join Date
    May 2009
    Location
    Metro Washington DC
    Last Seen
    Today @ 08:23 PM
    Gender
    Lean
    Other
    Posts
    18,952

    Re: Obama pleads with Republicans on small business bill

    Yes, the Republicans hate America, black people, poor people, and small business. That's why they don't rubber stamp everything Obama says and claims will help the country... Please, don't believe everything MSNBC tells you. On another note, studies show voting Republican may cause cancer.
    When the debate is lost, slander becomes the tool of the loser. -Socrates
    Tired of elections being between the lesser of two evils.

  3. #23
    pirate lover
    liblady's Avatar
    Join Date
    Aug 2009
    Location
    St Thomas, VI
    Last Seen
    03-14-16 @ 03:55 PM
    Gender
    Lean
    Progressive
    Posts
    16,165
    Blog Entries
    1

    Re: Obama pleads with Republicans on small business bill

    Quote Originally Posted by MaggieD View Post
    He is also advocating the depreciation change for small business. This is huge.



    Why on earth are you bringing up lottery tickets???? What a ridiculous parallel. Every dollar from a person's estate is after-tax dollars. A man works all his life, pays all of us taxes, and when he dies, the government confiscates what's left. A man creates a small business that employs 25 people. It's valued at $3 million after he dies. The government confiscates 55% over $1 million and assesses taxes. The business can't afford them. The business is forced to borrow money or sell off assets to pay this legalized extortion. 25 people lose their jobs. It's stealing. A farmer works all of his life on his 30 acres of land. He dies. The government assesses estate taxes on "highest and best use" of his land. His family must sell the land to pay the taxes. It's stealing.




    "Pleading with Republicans to help small business."
    essentially, a 3 mm estate is taxed at 37%. a 2 mm estate is taxed at 27.5%.

    and let's remember estate planning is available to everyone.

  4. #24
    Sage
    Hicup's Avatar
    Join Date
    Oct 2009
    Location
    Rochester, NY
    Last Seen
    12-07-17 @ 03:18 PM
    Gender
    Lean
    Very Conservative
    Posts
    7,846

    Re: Obama pleads with Republicans on small business bill

    It's a political ploy, just like with the unemployment extension bill. They have their minions in the LSM highlight the good portions of the bill, and then dare republicans to oppose it. After the congress has stuffed the bill with garbage, and the republicans oppose, then the LSM goes into full swing mode..

    The fact that some here can't see that, is glaringly dangerous. Oh, republicans do it too, so they're not off the hook. It's just that republicans aren't the ones making all the laws at the moment.. The dims are!

    Oh, and an important note about this bill. Anyone catch the part about "authorizing" banks to lend money to small businesses? Hmm.. Authorizing.. Hmm.. Is that like guaranteeing loans? Can anyone say fannie and freddie? How about student loans.. Yeah this has all worked out in the past.. /sarc


    Tim-
    “When buying and selling are controlled by legislation, the first things to be bought and sold are legislators.” - P. J. O’Rourke
    “Socialism is great until you run out of someone elses money” Margaret Thatcher

  5. #25
    Sage


    MaggieD's Avatar
    Join Date
    Jul 2010
    Location
    Chicago Area
    Last Seen
    @
    Gender
    Lean
    Moderate
    Posts
    43,243
    Blog Entries
    43

    Re: Obama pleads with Republicans on small business bill

    Quote Originally Posted by liblady View Post
    essentially, a 3 mm estate is taxed at 37%. a 2 mm estate is taxed at 27.5%.

    and let's remember estate planning is available to everyone.
    Got a link, LibLady? I haven't been able to find one. As to estate planning, why should there have to be estate planning????

    $2,000,000 X 27.5% = $550,000. That's where they're getting their 55%. The first million isn't tax-free if it's over $1 million.
    Last edited by MaggieD; 07-29-10 at 12:22 PM.
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

  6. #26
    Sage
    VanceMack's Avatar
    Join Date
    Feb 2010
    Last Seen
    Today @ 08:25 PM
    Gender
    Lean
    Independent
    Posts
    54,611

    Re: Obama pleads with Republicans on small business bill

    Quote Originally Posted by Hicup View Post
    It's a political ploy, just like with the unemployment extension bill. They have their minions in the LSM highlight the good portions of the bill, and then dare republicans to oppose it. After the congress has stuffed the bill with garbage, and the republicans oppose, then the LSM goes into full swing mode..

    The fact that some here can't see that, is glaringly dangerous. Oh, republicans do it too, so they're not off the hook. It's just that republicans aren't the ones making all the laws at the moment.. The dims are!

    Oh, and an important note about this bill. Anyone catch the part about "authorizing" banks to lend money to small businesses? Hmm.. Authorizing.. Hmm.. Is that like guaranteeing loans? Can anyone say fannie and freddie? How about student loans.. Yeah this has all worked out in the past.. /sarc


    Tim-
    I assume you have to be as equally opposed to tax cuts when republicans propose them then? This really is kind of an all or nothing type deal...either tax cuts stimulate economic growth or they dont.

  7. #27
    Sage
    Harry Guerrilla's Avatar
    Join Date
    Dec 2008
    Location
    Not affiliated with other libertarians.
    Last Seen
    09-01-17 @ 02:38 PM
    Gender
    Lean
    Libertarian
    Posts
    28,955

    Re: Obama pleads with Republicans on small business bill

    Quote Originally Posted by MaggieD View Post
    He is also advocating the depreciation change for small business. This is huge.



    Why on earth are you bringing up lottery tickets???? What a ridiculous parallel. Every dollar from a person's estate is after-tax dollars. A man works all his life, pays all of us taxes, and when he dies, the government confiscates what's left. A man creates a small business that employs 25 people. It's valued at $3 million after he dies. The government confiscates 55% over $1 million and assesses taxes. The business can't afford them. The business is forced to borrow money or sell off assets to pay this legalized extortion. 25 people lose their jobs. It's stealing. A farmer works all of his life on his 30 acres of land. He dies. The government assesses estate taxes on "highest and best use" of his land. His family must sell the land to pay the taxes. It's stealing.




    "Pleading with Republicans to help small business."
    This is why estate taxes are moronic.
    You can't pass down a business that may generate a moderate income because the business itself is worth a few million.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

  8. #28
    Sage
    Hicup's Avatar
    Join Date
    Oct 2009
    Location
    Rochester, NY
    Last Seen
    12-07-17 @ 03:18 PM
    Gender
    Lean
    Very Conservative
    Posts
    7,846

    Re: Obama pleads with Republicans on small business bill

    Quote Originally Posted by VanceMack View Post
    I assume you have to be as equally opposed to tax cuts when republicans propose them then? This really is kind of an all or nothing type deal...either tax cuts stimulate economic growth or they dont.
    Huh?

    If it were up to me, there would be zero direct taxation from the federal government on the individual citizen. All taxation would stem from local, and State government, and the States would be responsible for their contribution to the Fed's. It's a built-in system that mandates fairness, and accountability. This way, the States, and localities hold the power of representation, and are held strictly accountable for any, and all spending. Rather than some federal congress, and the executive deciding how much it wants to spend, it is the states, their congresses, and the Governors who collectively decide how much the fed gets to spend on defense, immigration, and any other item of importance.

    You see, over 230 years, we've messed it all up. The "power" of the central authority was NEVER intended to be what it is today; an extortion machine~! Republican democracies work best at local levels, and as small as practicable. They don't work, and are bound to fail when the power of republic is taken away from the republics themselves, instead resting with a single entity. The "republic" of the United States of America, might feel republican to foreign nations, and have meaning, but in terms of application, there is no republic in the USA itself. Not if the power resides with the central authority.


    Tim-
    “When buying and selling are controlled by legislation, the first things to be bought and sold are legislators.” - P. J. O’Rourke
    “Socialism is great until you run out of someone elses money” Margaret Thatcher

  9. #29
    long standing member
    justabubba's Avatar
    Join Date
    Dec 2005
    Last Seen
    Today @ 05:21 PM
    Gender
    Lean
    Independent
    Posts
    36,129

    Re: Obama pleads with Republicans on small business bill

    Quote Originally Posted by MaggieD View Post
    He is also advocating the depreciation change for small business. This is huge.
    and beneficial to small businesses

    Why on earth are you bringing up lottery tickets???? What a ridiculous parallel. ...
    i think it is a very apt comparison
    that person who inherited the estate will have to pay taxes on it like that person who won the lottery
    neither worked for their new found money
    both should have to pay for that income just like those who worked for a paycheck
    Every dollar from a person's estate is after-tax dollars. ...
    NOPE. not to the person who inherited that income. every dollar was unearned income on which they have paid no taxes. why should money one has not earned go untaxed while those who work to receive an income have to pay taxes on their hard won money?
    A man works all his life, pays all of us taxes, and when he dies, the government confiscates what's left. ...
    there is no confiscation. you need to become acquainted with a new term: "probate"
    it is very different from confiscation. learn the difference
    A man creates a small business that employs 25 people. It's valued at $3 million after he dies. The government confiscates 55% over $1 million and assesses taxes. ...
    NOPE. you are wrong again. which is why you need to immediately embark on a study of probate to find out the actual process
    The business can't afford them. The business is forced to borrow money or sell off assets to pay this legalized extortion. 25 people lose their jobs. It's stealing. ...
    the business is not having to pay the estate taxes. the beneficiary is. this assumes the deceased failed to obtain good counsel and place the estate in a trust to avoid the inheritance tax which may result
    why would the need of the beneficiary to pay estate taxes necessarily cause the business to close its doors eliminating the workforce of the employer? if the person who inherited those ASSETS is illiquid, then they could either obtain a loan against the assets they had realized to satisfy their tax obligation, or sell all or part of their business interest to satisfy that debt. they now own assets they did not otherwse possess, and can use those newfound assets to cover the inheritance taxes. notice that none of that caused the dissolution of the small business. a profitable small business will have some degree of equity, which equity can be realized. only someone with a limited understanding of economics would presume that a small business must be closed and sold to pay inheritance taxes
    A farmer works all of his life on his 30 acres of land. He dies. The government assesses estate taxes on "highest and best use" of his land. His family must sell the land to pay the taxes. ...
    again, you have proven your fundamental ignorance of basic economics. again, let us assume the deceased failed to adequately shelter his farm estate in a trust to avoid inheritance taxes, causing the beneficiaries to have to find the monies to pay the taxes due. just as with the above described business, the farm can be used as collateral to realize loan monies to satisfy the estate's taxes.
    since you specifically addressed the 'highest and best use' value of the farm, that has a variety of implications on the estate. some communities establish a 'farm' tax valuation, which could be pointed to as the legitimate value of the estate being passed, thereby diminishing the tax amount due. but if that is not a possibility or where the farm will not continue to be operated as a farm entity causing it to lose its eligiblity for continued 'farm' valuation, here is the consequence of it being found to possess its full 'highest and best use' valuation: it will be subject to increased taxes ... BUT only because it will carry a higher value. the beneficiary would thus realize a higher benefit upon which they would pay equitably higher taxes
    It's stealing.
    let's examine that position. you think it is government theft to tax unearned income of the beneficiary who did nothing to realize that income, while it is accpetable for the wage earner to be subject to taxes on every dollar of income they worked to realize
    i think it is actually closer to theft when the person who did nothing to realize their windfall pays no taxes which have to be made up for by the person who works for and pays taxes on their income




    "Pleading with Republicans to help small business."[/QUOTE]
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

  10. #30
    Sage
    Hicup's Avatar
    Join Date
    Oct 2009
    Location
    Rochester, NY
    Last Seen
    12-07-17 @ 03:18 PM
    Gender
    Lean
    Very Conservative
    Posts
    7,846

    Re: Obama pleads with Republicans on small business bill

    Earned, and unearned is simply a category. The money is taxed twice, any way you want to spin it. You focus on the individual, when you should focus on the money. The beneficiary is the one who benefits from the one who earned it. It's a benefit to being the beneficiary of the earner. The arguement you make is a slippery slope argument, in that, any benefit a beneficiary receives is grounds to justify any host of penalities, under any set of circumstances. In this sense, the benefit, any beneficiary receives, cancels out any meaningful dialogue on justification, and we're left with the underlying problem. Should earned income be taxed twice? I say no!

    Tim-
    “When buying and selling are controlled by legislation, the first things to be bought and sold are legislators.” - P. J. O’Rourke
    “Socialism is great until you run out of someone elses money” Margaret Thatcher

Page 3 of 10 FirstFirst 12345 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •