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Thread: Obama will not extend Bush tax cuts to wealthy

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    Re: Obama will not extend Bush tax cuts to wealthy

    [sarcasm]Hey, I have a wonderful idea! Instead of taxing more to offset our deficit, why not cut spending!?[/sarcasm]

    I wonder when the government is going to stop taxing people because "they make too much money."
    We the People of the United States,... provide for the common defence, promote the general Welfare....
    Where did it ever say, promote for the common defence, and provide the general Welfare..... Please don't mix up the two....

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    Re: Obama will not extend Bush tax cuts to wealthy

    Quote Originally Posted by Wiseone View Post
    The two tax cuts that Obama would allow to end would be for those who making over 140,000 a year in income. Obama to Push Tax Break for Business Investment - WSJ.com

    Thats not most small business operations. Of course since you didn't define small business or really define anything at all I guess you could be 'right' since youre so vague. Here's a news flash, small business is a meaningless term, its just a political football to be punted around so people can say they care about the little guy.
    What an asinine comment. LOL. So small businesses don't exist?

    Quite the entrepreneurial spirit, you are.

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    Re: Obama will not extend Bush tax cuts to wealthy

    More job killing from the Obama administration. {{sigh}}

    Taxing the rich is taxing capital. That hurts more than the rich, it hurts the middle-class. The wealthy create jobs, spend money on cars, vacations, restaurants, travel,etc. that benefits everyone.

    Why do liberals hate the middle class?
    Conservatives want everyone to prosper and that means leaving more money in the hands of everyone, including the wealthy.
    Catawa is my favorite bleeding heart liberal.
    1/27/12

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    Re: Obama will not extend Bush tax cuts to wealthy

    Quote Originally Posted by Erod View Post
    What an asinine comment. LOL. So small businesses don't exist?
    If Obama and crew have their way they won't. They want their utopian society where the govt owns and controls everything so that they can ensure everything is equal and everyone has the same standard of living(except for them and their friends of course, they deserve better). Nevermind the fact that I worked my ass off to pay for my degrees or that i have voluntarily deployed to the middle east for a total of 3 years. I don't deserve any better lifestyle than some piece of **** bum who has done nothing but sit on his lazy ass and complain about how "unfair" the system is all his miserable life.
    Last edited by OscarB63; 09-08-10 at 01:20 PM.

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    Re: Obama will not extend Bush tax cuts to wealthy

    Quote Originally Posted by Barbbtx View Post

    Taxing the rich is taxing capital. That hurts more than the rich, it hurts the middle-class. The wealthy create jobs, spend money on cars, vacations, restaurants, travel,etc. that benefits everyone.
    And you don't think the middle class do these things?

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    Re: Obama will not extend Bush tax cuts to wealthy

    Quote Originally Posted by Erod View Post
    What an asinine comment. LOL. So small businesses don't exist?

    Quite the entrepreneurial spirit, you are.
    Maybe I should have been clearer. What I meant was that there is no legal definition for a 'small business' so when someone, a politician or whoever else, refers to 'small business' there's no way to tell exactly what they are talking about because there's no universal definition. So when Mr. V says Obama hates small business and if someone else says he doesn't, they may actually looking at the very same facts and information, but still disagree because they have different personal definitions of the phrase small business.

    The IRS for example has different tax brackets for businesses of varying sizes, with all sorts of different considerations regarding the type of business, the number of employees, how many establishments this business might own, how many and what states they operate in, where their suppliers/customers are, what type of people they hire, etc etc etc

    But many of these factors would also be how many of us would define small business, specifically I think its reasonable to say that if we asked people to define 'small business.' They'd look at three things:
    1) How many employees does that business have?
    2) How much money does that business earn in profit?
    3) Are the majority of suppliers and consumers in the local area?

    But there's no universal meaning, so when a politician says he's helping small business can't actually help a legally defined term of 'small business' what he does is change part of the tax code that say affects the amount of money a business is taxed, or not taxed, based on how many and what type of employees they have. Now if he makes that change in the area for all businesses with less than 50 people then it helps those businesses and owners who hire less than 50 people. But if I was a business owner who owned a business which employed 75, 100, or 200 people I may be still considered "small business" in the minds of many other people depending on my profits and customers, but nothing was done for me even though he said he was helping small business.

    Thats why 'small business" means nothing, what politicians and people who actually what to claim to understand the system, need to talk about and know about is how affecting taxes, credits, benefits, etc to businesses which fall into a certain set of parameters changes things. But just saying "I'm helping small business" could mean a million different things, and thats assuming the politician is actually talking about businesses which most normal rational people would consider 'small business.'

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    Re: Obama will not extend Bush tax cuts to wealthy

    Quote Originally Posted by winston53660 View Post
    And you don't think the middle class do these things?
    the middle class don't typically creat jobs, which is the key factor. without jobs the middle class wouldn't exist

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    Re: Obama will not extend Bush tax cuts to wealthy

    Quote Originally Posted by OscarB63 View Post
    but it is the government that is coming and taking it, is it not?



    perhaps because they already pay more $$ in taxes than anyone else?
    But they control most of the nations wealth and have much more to protect than everyone else, thus their stake in a fully functioning government is much higher.

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    Re: Obama will not extend Bush tax cuts to wealthy

    Quote Originally Posted by winston53660 View Post
    And you don't think the middle class do these things?
    If they have jobs they do, but are they going to double down on their spending to make up for the wealthy?
    The trouble with your thinking is that making the wealthy less wealthy will benefit anyone.
    The government needs to pretend to be a private business for a while and stop spending and cut government jobs. They need to get out of the way and let people keep more of the money they earned. Forget bail outs, tax credits, etc. Just let the fee market work.
    Catawa is my favorite bleeding heart liberal.
    1/27/12

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    Re: Obama will not extend Bush tax cuts to wealthy

    Quote Originally Posted by OscarB63 View Post
    the middle class don't typically creat jobs, which is the key factor. without jobs the middle class wouldn't exist
    If there are 10,000 middle class people and 1,000 "rich" people and the 10,000 middle class people purchase one gallon of milk per week and 1,000 "rich" people purchase 2 gallons of milk per week which class of people have created more jobs?

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