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Princeton Economist: Obama Campaign Is Misrepresenting My Study on Romney's Tax Plan

Re: Princeton Economist: Obama Campaign Is Misrepresenting My Study on Romney's Tax P

If this economist fell in the forest and nobody was there to see or hear it did it actually happen?

Dude...I like your style. It's dumb, but I like it. You can't come up with a comment about how Obama lied, so you try to minimize the importance of the economist. Well...evidently Obama thought he was important enough to lie about his work to his own advantage.

Oh, well. Like I said...another Obama talking point bites the dust.
 
Re: Princeton Economist: Obama Campaign Is Misrepresenting My Study on Romney's Tax P

Dude...I like your style. It's dumb, but I like it. You can't come up with a comment about how Obama lied, so you try to minimize the importance of the economist. Well...evidently Obama thought he was important enough to lie about his work to his own advantage.

Oh, well. Like I said...another Obama talking point bites the dust.

It would be difficult to attempt to minimize the importance of the economist beyond what it already is.
 
Re: Princeton Economist: Obama Campaign Is Misrepresenting My Study on Romney's Tax P

My boss would be paying me a helluva lot of per diem, so my reportable income would be below the 200 grand mark.

Or, pay me about 50 grand a year in Wal-Mart gift cards.

Hope you like Walmart.:lamo
 
Re: Princeton Economist: Obama Campaign Is Misrepresenting My Study on Romney's Tax P

So you want to take 80% of the earnings of anyone earning $200k and over?

yes 50% at $200k and 95% for mega rich.

Average. 80%.
 
Re: Princeton Economist: Obama Campaign Is Misrepresenting My Study on Romney's Tax P

I didn't see this before my last post. There's nothing reasonable about it, because you know why? It's not the government's money. If the govt is not going to let me keep any more than 40 grand a year anyway, what's the incentive to ever go to college or get into a higher earning profession? You're views are truly scary.

union people make more than college ones.

SO organizing is better than education.........
 
Re: Princeton Economist: Obama Campaign Is Misrepresenting My Study on Romney's Tax P

Obama Lied and you got laid off.
 
Re: Princeton Economist: Obama Campaign Is Misrepresenting My Study on Romney's Tax P

It'll work...if it actually yields more tax revenue.

Taxing an income group at 80% will probably result in one of two things: 1) they will do a better job of hiding their money and/or 2) It will demotivate people to make that much money.

A better plan would be to get the hell out of the way of the private sector, let them make more money that will be taxed at the current rate. That's a 100% fool-proof way to create more tax revenue.

Trouble is they dont work. They only collect income from ownership of corps.

So the only way for them to pay less taxes, is to own less. And keep idle cash.
 
Re: Princeton Economist: Obama Campaign Is Misrepresenting My Study on Romney's Tax P

No, it wouldn't work.

Some of you folks seem to be missing the fact that the wealthy tend to derive their income from sources which are substantially more flexible than those of wage earners. If a "rich guy" gets a W-2 it's usually for a relatively small portion of his income. The rest of the stuff can be moved around they are far more able to decide for themselves how much income they choose to show.

They can move it al lthey want.

USA taxes are based on CITIZENSHIP. Not location of the persons body........

Look up 877A taxes too LOL
 
Re: Princeton Economist: Obama Campaign Is Misrepresenting My Study on Romney's Tax P

yes 50% at $200k and 95% for mega rich.

Average. 80%.

What's mega rich to you? $201k? You sure you want to leave anything at all to those bastards? I'm sure they won't mind working, investing, inventing, creating, risking capital only to give it all to the government.

Tell me you're a Poe and not serious.
 
Re: Princeton Economist: Obama Campaign Is Misrepresenting My Study on Romney's Tax P

union people make more than college ones.

SO organizing is better than education.........

****, on your ridiculous plan, welfare would be better than working. What happens when there's nobody left to foot the bill? It does make a certain sense that you'd want to dissuade education, though.
 
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Re: Princeton Economist: Obama Campaign Is Misrepresenting My Study on Romney's Tax P

They can move it al lthey want.

USA taxes are based on CITIZENSHIP. Not location of the persons body........

Look up 877A taxes too LOL

That's not what I'm talking about.

If my income is primarily derived from the disposition of assets and pass through earnings from business holdings I can shift most of that stuff around so that I don't receive taxable income. For example, my primary source of income is a manufacturing company organized as a subchapter S corp. I receive $350,000 salary and have pass through earnings of $1,000,000. Now I know that I'll get slaughtered on taxes because President Chavez just decided to raise the tax rate to 80% on anybody who makes more than $200k so I sell off $1,000,000 dollars worth of stock that has only appreciated 1% over the past 2 years and buy into a real estate partnership where we're building a new office complex but I choose to only participate if I can claim 100% of the losses over the first 2 years of the project and won't receive any of the profits for that period. Since we're just building the place there is a $1,500,000 loss this year and I claim it all.

Now what happened?

I received the following "income":
$350,000 salary
$1,000,000 from the sale of stock
$1,000,000 pass through earnings from the S Corp
for a total of $2,350,000

Now when I do my taxes I show the $350k income but since the stock only gained $100k I only have to claim $100k of that million and since the Partnership loss of $1.5 mil offsets the $1 mil of pass through from the S corp I actually show a $500k loss on pass through earnings and end up with an AGI of NEGATIVE $50k. I pay no tax, have an NOL carrying forward and am a partner in a real estate investment that I hope will sell for far more than my $1,000,000 investment all while pocketing $2.35 mil.

Not bad, huh?
 
Re: Princeton Economist: Obama Campaign Is Misrepresenting My Study on Romney's Tax P

yes 50% at $200k and 95% for mega rich.

Average. 80%.

You understand why that won't work. Right?
 
Re: Princeton Economist: Obama Campaign Is Misrepresenting My Study on Romney's Tax P

Trouble is they dont work. They only collect income from ownership of corps.

So the only way for them to pay less taxes, is to own less. And keep idle cash.

Who doesn't work?
 
Re: Princeton Economist: Obama Campaign Is Misrepresenting My Study on Romney's Tax P

It would be difficult to attempt to minimize the importance of the economist beyond what it already is.

And yet...you keep trying.

Go figure.
 
Re: Princeton Economist: Obama Campaign Is Misrepresenting My Study on Romney's Tax P

Do you think the lean of the publication takes away from the statement from the professor...whom Obama is inaccurately quoting? I mean...dude...a Princeton economist is telling you that Obama is misrepresenting his own study. It doesn't matter if it was reported by the Weekly Standard or ABC.

What email are you talking about? The one the Professor sent to Weekly Standard? It's quoted in the article. Or, do you believe Weekly Standard put that guy's name to what they say is his email? And it's not his?

Come on, dude...you can do better than this, eh?

The professor, Harvey Rosen , was on Bush's economic team. I think HIS comments are politically directed to discredit the President during the campaign time only.
 
Re: Princeton Economist: Obama Campaign Is Misrepresenting My Study on Romney's Tax P

Obama Lied and you got laid off.

Really?

What lies?

What business down sized because of it?
 
Re: Princeton Economist: Obama Campaign Is Misrepresenting My Study on Romney's Tax P

The professor, Harvey Rosen , was on Bush's economic team. I think HIS comments are politically directed to discredit the President during the campaign time only.

Fine. Then why would Obama reference his study...and then spin what he said to make it sound different? Don't you find that rather idiotic?

Dude...you keep trying to minimize the importance of this issue, but any way you slice it, Obama ****ed up and now he's lost a talking point.

Sucks to be him, eh?
 
Re: Princeton Economist: Obama Campaign Is Misrepresenting My Study on Romney's Tax P

Fine. Then why would Obama reference his study...and then spin what he said to make it sound different? Don't you find that rather idiotic?

Dude...you keep trying to minimize the importance of this issue, but any way you slice it, Obama ****ed up and now he's lost a talking point.

Sucks to be him, eh?
Obama didn't spin it. The corporate media spun it and the President responded. And I don't find it ironic that the corporate media spun it.
 
Re: Princeton Economist: Obama Campaign Is Misrepresenting My Study on Romney's Tax P

Obama didn't spin it. The corporate media spun it and the President responded. And I don't find it ironic that the corporate media spun it.

Didn't spin it?

He quoted the study as supporting his point when it doesn't at all. That's pretty much the very definition of spin.
 
Re: Princeton Economist: Obama Campaign Is Misrepresenting My Study on Romney's Tax P

Didn't spin it?

He quoted the study as supporting his point when it doesn't at all. That's pretty much the very definition of spin.

Actually, we have yet to determine the email,don't we? Remember Breitbart and Sherrod lies he told? Remember how Bush claimed McCain had a black child, or Vietnamese children?

Emails, schmemails..the whole thing is a political scheme to make the President look bad.

Why don't you guys ever focus on real news?
 
Re: Princeton Economist: Obama Campaign Is Misrepresenting My Study on Romney's Tax P

Romney and Obama would be/are just as useless as the other at being POTUS...just in somewhat different ways.
 
Re: Princeton Economist: Obama Campaign Is Misrepresenting My Study on Romney's Tax P

Romney and Obama would be/are just as useless as the other at being POTUS...just in somewhat different ways.


Interesting. Based upon?
 
Re: Princeton Economist: Obama Campaign Is Misrepresenting My Study on Romney's Tax P

Actually, we have yet to determine the email,don't we? Remember Breitbart and Sherrod lies he told? Remember how Bush claimed McCain had a black child, or Vietnamese children?

Emails, schmemails..the whole thing is a political scheme to make the President look bad.

Why don't you guys ever focus on real news?


I'm just not sure what McCain's adopted child has to do with Pres. Obama's use of a study that finds exactly the opposite of what he says it does.

I get the impression you'll say anything to defend Pres. Obama no matter how wrong he is.
 
Re: Princeton Economist: Obama Campaign Is Misrepresenting My Study on Romney's Tax P

I'm just not sure what McCain's adopted child has to do with Pres. Obama's use of a study that finds exactly the opposite of what he says it does.

I get the impression you'll say anything to defend Pres. Obama no matter how wrong he is.


There's no email from the President. It's a republican campaign tactic to smear the President, like Bush's campaign tactic was to smear McCain.

Find a topic with valid and true information on the President for us to discuss. It's only there you'll find out my views. But on this load of right wing pundit lies, I'm not defending the President, I'm exposing the baser nature of republicans.
 
Re: Princeton Economist: Obama Campaign Is Misrepresenting My Study on Romney's Tax P

Interesting. Based upon?

Common sense.

Look at their positions.

Massive deficit spending, interventionist foreign policy, big government, less individual freedoms...both parties suck.

America needs a balanced budget, cut defense spending, bring all the troops home, no corporate/bank bailouts, no stimulus, less powerful Fed, smaller government, more individual freedoms AND responsibilities.
 
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