Take a look at Obama vs. McCain on taxes

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  • Matt 26z
    So Fucking Banned
    • Apr 2002
    • 18481
    #1

    Take a look at Obama vs. McCain on taxes

    I snapped this photo of the TV the other day.




    Be sure and check out this link which compares their tax plans:

    http://www.taxpolicycenter.org/taxto...ues_matrix.cfm


    Which plan do you think helps the average American the most?
    Tags: None
    • SmokeyTheBear
      ►SouthOfHeaven
      • Jun 2004
      • 28609
      #2
      i think people who make over 1 million dollars should build a new fleet of aerial refueling tankers
      hatisblack at yahoo.com

        Comment

        • notoldschool
          Confirmed User
          • Aug 2007
          • 5687
          #3
          Originally posted by SmokeyTheBear
          i think people who make over 1 million dollars should build a new fleet of aerial refueling tankers
          LOL. Cant have war without taxes people. Want to get rid of taxes stop starting bullshit wars. How about taxing fucking churches...they are the single biggest scam in this country and them fake fuckers are laughing all the way to the bank. Im gonna open a church when they shut down porn.
          No doubt one may quote history to support any cause, as the devil quotes scripture.
          -- Learned Hand

          http://www.bjpenn.com

            Comment

            • marketsmart
              HOMICIDAL TROLL KILLER
              • Dec 2004
              • 20419
              #4
              this is why mccain said he thinks rich is 5 million plus a year..

              then he can reduce taxes for the wealthy and claim he is reducing taxes for the middle class...

                Comment

                • tony299
                  lurker
                  • Aug 2002
                  • 57021
                  #5
                  Originally posted by notoldschool
                  LOL. Cant have war without taxes people. Want to get rid of taxes stop starting bullshit wars. How about taxing fucking churches...they are the single biggest scam in this country and them fake fuckers are laughing all the way to the bank. Im gonna open a church when they shut down porn.
                  A fuckin men

                    Comment

                    • baddog
                      So Fucking Banned
                      • Apr 2001
                      • 107089
                      #6
                      Originally posted by marketsmart
                      this is why mccain said he thinks rich is 5 million plus a year..
                      He followed up that comment with, "but seriously . . . "

                      Intelligent people know he was being facetious.

                        Comment

                        • AlienQ - BANNED FOR LIFE
                          best designer on GFY
                          • Mar 2003
                          • 30307
                          #7
                          I am calling bullshit.

                            Comment

                            • seeandsee
                              Check SIG!
                              • Mar 2006
                              • 50945
                              #8
                              tax fuckers
                              BUY MY SIG - 50$/Year

                              Contact here

                                Comment

                                • AlienQ - BANNED FOR LIFE
                                  best designer on GFY
                                  • Mar 2003
                                  • 30307
                                  #9
                                  That shits not true.
                                  Not at all true.

                                  Fuck there is so much mis information being slagged by the Repub's its sickening.

                                  When all else fails just Lie!

                                    Comment

                                    • pocketkangaroo
                                      Confirmed User
                                      • Jan 2005
                                      • 8452
                                      #10
                                      Originally posted by AlienQ
                                      That shits not true.
                                      Not at all true.

                                      Fuck there is so much mis information being slagged by the Repub's its sickening.

                                      When all else fails just Lie!
                                      It's on both their websites. Media isn't making any of this up.

                                      Fact is that 99% of GFY would benefit from Obama financially.

                                        Comment

                                        • AlienQ - BANNED FOR LIFE
                                          best designer on GFY
                                          • Mar 2003
                                          • 30307
                                          #11
                                          Originally posted by pocketkangaroo
                                          It's on both their websites. Media isn't making any of this up.

                                          Fact is that 99% of GFY would benefit from Obama financially.
                                          Yeah but CNN Scewed the the truth and that screen shot proves it.
                                          Devils in the details. Here is the real break down. Though the misleading information is shown on the broadcast it's a screwed truth.


                                          Income Avg. tax bill Avg. tax bill

                                          McCaine Obama
                                          Over $2.9M -$269,364 +$701,885
                                          $603K and up -$45,361 +$115,974
                                          $227K-$603K -$7,871 +$12
                                          $161K-$227K -$4,380 -$2,789
                                          $112K-$161K -$2,614 -$2,204
                                          $66K-$112K -$1,009 -$1,290
                                          $38K-$66K -$319 -$1,042
                                          $19K-$38K -$113 -$892
                                          Under $19K -$19 -$567

                                          http://money.cnn.com/2008/06/11/news..._tpc/index.htm

                                          SO yes true but portrayed with a screwed spead that does not do the Obama Campaign any justice when looked at in the terms displayed in the screen shot.
                                          Last edited by AlienQ - BANNED FOR LIFE; 09-13-2008, 10:51 AM.

                                            Comment

                                            • AlienQ - BANNED FOR LIFE
                                              best designer on GFY
                                              • Mar 2003
                                              • 30307
                                              #12
                                              You people forget that CNN is on the Republican pay roll or something?

                                                Comment

                                                • cykoe6
                                                  Confirmed User
                                                  • Apr 2005
                                                  • 4499
                                                  #13
                                                  Originally posted by notoldschool
                                                  How about taxing fucking churches...they are the single biggest scam in this country and them fake fuckers are laughing all the way to the bank.
                                                  I agree. Why the fuck does one kind of scam (religion) get tax free treatment while others get penalized?
                                                  бабки, шлюхи, сила

                                                    Comment

                                                    • AlienQ - BANNED FOR LIFE
                                                      best designer on GFY
                                                      • Mar 2003
                                                      • 30307
                                                      #14
                                                      Originally posted by cykoe6
                                                      I agree. Why the fuck does one kind of scam (religion) get tax free treatment while others get penalized?
                                                      Especially when the churches mobilise to effect political outcome.

                                                      It's against the constitution.

                                                        Comment

                                                        • IllTestYourGirls
                                                          Ah My Balls
                                                          • Feb 2007
                                                          • 14311
                                                          #15
                                                          Originally posted by notoldschool
                                                          LOL. Cant have war without taxes people. Want to get rid of taxes stop starting bullshit wars. How about taxing fucking churches...they are the single biggest scam in this country and them fake fuckers are laughing all the way to the bank. Im gonna open a church when they shut down porn.
                                                          Which wars does Obama plan to end that Bush and McCain arent? None...

                                                            Comment

                                                            • Matt 26z
                                                              So Fucking Banned
                                                              • Apr 2002
                                                              • 18481
                                                              #16
                                                              Obama's plan to eliminate taxes for seniors making below $50,000 is something that SHOULD have every affected senior voting for him.

                                                              We're talking about a group that is often forced to work far beyond retirement age because they can't afford to live. Some of them even taking 1/2 doses of their medications to save money.

                                                                Comment

                                                                • Drake
                                                                  Hello world!
                                                                  • Mar 2003
                                                                  • 12508
                                                                  #17
                                                                  Originally posted by Matt 26z
                                                                  Obama's plan to eliminate taxes for seniors making below $50,000 is something that SHOULD have every affected senior voting for him.

                                                                  We're talking about a group that is often forced to work far beyond retirement age because they can't afford to live. Some of them even taking 1/2 doses of their medications to save money.
                                                                  Obama could be the son of God and wouldn't be able to win over the majority of that constituency. Not at this point in time.

                                                                    Comment

                                                                    • pornask
                                                                      So Fucking Banned
                                                                      • Aug 2006
                                                                      • 6518
                                                                      #18
                                                                      Originally posted by baddog
                                                                      He followed up that comment with, "but seriously . . . "

                                                                      Intelligent people know he was being facetious.
                                                                      An intelligent Obama worshipper ? that?d be about as common as straight flush

                                                                        Comment

                                                                        • GatorB
                                                                          The Demon & 12clicks
                                                                          • Oct 2001
                                                                          • 18208
                                                                          #19
                                                                          Originally posted by Matt 26z
                                                                          I snapped this photo of the TV the other day.




                                                                          Be sure and check out this link which compares their tax plans:

                                                                          http://www.taxpolicycenter.org/taxto...ues_matrix.cfm


                                                                          Which plan do you think helps the average American the most?
                                                                          Well considering the median income is under $40K I'd say Obama's plan is better.

                                                                          Obviously McCain rather screw people making under $66K out of $700 in order to give it to the rich.

                                                                          Exactly where is McCain going to get the money to to cut everyone's taxes? We are already running up record deficits. Where's he's cutting money from? 2/3 of the budget is either military, social secuity/medicare or interest on the debt. All things which won't get cut.

                                                                            Comment

                                                                            • pocketkangaroo
                                                                              Confirmed User
                                                                              • Jan 2005
                                                                              • 8452
                                                                              #20
                                                                              Originally posted by Matt 26z
                                                                              Obama's plan to eliminate taxes for seniors making below $50,000 is something that SHOULD have every affected senior voting for him.

                                                                              We're talking about a group that is often forced to work far beyond retirement age because they can't afford to live. Some of them even taking 1/2 doses of their medications to save money.
                                                                              It doesn't matter. People are more concerned about mooseburgers than their own income.

                                                                                Comment

                                                                                • AlienQ - BANNED FOR LIFE
                                                                                  best designer on GFY
                                                                                  • Mar 2003
                                                                                  • 30307
                                                                                  #21
                                                                                  The real question is...
                                                                                  What would the dollar be worth under a MC Caine Presidency.
                                                                                  I pretty much doubt even the wealthy would have much to celebrate as the dollar bottoms out.

                                                                                    Comment

                                                                                    • pocketkangaroo
                                                                                      Confirmed User
                                                                                      • Jan 2005
                                                                                      • 8452
                                                                                      #22
                                                                                      Originally posted by GatorB
                                                                                      Exactly where is McCain going to get the money to to cut everyone's taxes? We are already running up record deficits. Where's he's cutting money from? 2/3 of the budget is either military, social secuity/medicare or interest on the debt. All things which won't get cut.
                                                                                      Don't pester Republicans with such silly questions. Just less taxes and spend more. Watch our sovereign credit rating get downgraded while the next generation of Americans can skip having roads built so that we can pay down massive debt.

                                                                                        Comment

                                                                                        • GatorB
                                                                                          The Demon & 12clicks
                                                                                          • Oct 2001
                                                                                          • 18208
                                                                                          #23
                                                                                          Lert's not forget eitehr guy can say what his plan is but it's not the President that makes tax policy it's CONGRESS. So if CONGRESS doesn't like the President's tax plan guess what it's not getting passed. Candidates typically fail to inform voters of this when they make promises.

                                                                                            Comment

                                                                                            • GatorB
                                                                                              The Demon & 12clicks
                                                                                              • Oct 2001
                                                                                              • 18208
                                                                                              #24
                                                                                              Originally posted by Mike33
                                                                                              Obama could be the son of God and wouldn't be able to win over the majority of that constituency. Not at this point in time.
                                                                                              he doesn't need a majority just a higher % than what Gore or Kerry got. I saw his speech to AARP last week he got very rousing applause. McCain may be one of them but he's for personal accounts something old people hate. Obama is against personal acocunts. So anti-personal account and promising 95% for them that they will never pay taxes again means A LOT of votes for him from old farts.

                                                                                                Comment

                                                                                                • SuzzyQ
                                                                                                  Confirmed User
                                                                                                  • Dec 2006
                                                                                                  • 1557
                                                                                                  #25
                                                                                                  Originally posted by AlienQ
                                                                                                  You people forget that CNN is on the Republican pay roll or something?

                                                                                                  CNN is almost as left as MSNBC.

                                                                                                    Comment

                                                                                                    • Drake
                                                                                                      Hello world!
                                                                                                      • Mar 2003
                                                                                                      • 12508
                                                                                                      #26
                                                                                                      Originally posted by IllTestYourGirls
                                                                                                      Which wars does Obama plan to end that Bush and McCain arent? None...
                                                                                                      I feel sorry for the next President because he's going to inherit war and powers in Washington will keep the pressure on to continue them. The difference is that I think Obama is genuinely opposed while McCain genuine believes it is the right path.

                                                                                                        Comment

                                                                                                        • GatorB
                                                                                                          The Demon & 12clicks
                                                                                                          • Oct 2001
                                                                                                          • 18208
                                                                                                          #27
                                                                                                          Originally posted by SuzzyQ
                                                                                                          CNN is almost as left as MSNBC.
                                                                                                          Not really. MSNBC exists because FauNews exist. If the Kiwi retard never invented Faux News MSNBC wouldn't have an audience either.

                                                                                                            Comment

                                                                                                            • Young
                                                                                                              Bland for life
                                                                                                              • Nov 2004
                                                                                                              • 10468
                                                                                                              #28
                                                                                                              Originally posted by SuzzyQ
                                                                                                              CNN is almost as left as MSNBC.
                                                                                                              Not even close. They had that label placed on them because they actually gave Bill Clinton the benefit of the doubt and an oppurtunity to clear the air on the Whitehouse scandals.
                                                                                                              ★★★

                                                                                                                Comment

                                                                                                                • Brujah
                                                                                                                  Beer Money Baron
                                                                                                                  • Jan 2001
                                                                                                                  • 22157
                                                                                                                  #29
                                                                                                                  The real issue is that Obama wants to raise capital gains taxes from 15% to 20%? Remember that when you hear people complain about how unfair it is and how the wealthy already pay more than their share. They're paying 15% while you're paying 33%+ by actually working. They're paying LESS and taxed LESS on their capital gains income than you are with earned income. The average American doesn't have a chance at making a living with capital gains and getting to keep more of his money. They're working hard as it is to come up with enough to survive in a Bush economy, as banks fail, real estate busts, declining dollar, increase in gas and oil, etc...

                                                                                                                    Comment

                                                                                                                    • Matt 26z
                                                                                                                      So Fucking Banned
                                                                                                                      • Apr 2002
                                                                                                                      • 18481
                                                                                                                      #30
                                                                                                                      Originally posted by GatorB
                                                                                                                      Exactly where is McCain going to get the money to to cut everyone's taxes?
                                                                                                                      Didn't you hear? He is bringing Palin in to shake things up in Washington!!!! The good 'ol boys club won't have the money made available to them anymore to blow!

                                                                                                                      How is Palin going to force change as VP? How is that even possible? Well she did it in Alaska and it worked pretty damn well!!!!

                                                                                                                      That's the simpleton front they have put up so the hillbilly Republican base can understand it.

                                                                                                                      In reality, the Democratic Congress (or even Republican for that matter) would never cater to McCain's thinned out budget ideas to afford his massive tax cuts for the wealthy. So McCain would then take out more loans to afford the cuts and blame the Democrats for adding to the national debt.

                                                                                                                        Comment

                                                                                                                        • MrMaxwell
                                                                                                                          Too lazy to set a custom title
                                                                                                                          • Jul 2005
                                                                                                                          • 10057
                                                                                                                          #31
                                                                                                                          Right, raise cap gain rate and see what happes to the already fucked business climate here in the states

                                                                                                                          For now all of the normal people will keep living below themselves because of our worthless government.. they feed the beast, the best doesn't have to chase 95% of them, they cut their own limbs and offer them up to the beast like trash so fuck them

                                                                                                                            Comment

                                                                                                                            • Brujah
                                                                                                                              Beer Money Baron
                                                                                                                              • Jan 2001
                                                                                                                              • 22157
                                                                                                                              #32
                                                                                                                              Originally posted by Matt 26z
                                                                                                                              Didn't you hear? He is bringing Palin in to shake things up in Washington!!!! The good 'ol boys club won't have the money made available to them anymore to blow!

                                                                                                                              How is Palin going to force change as VP? How is that even possible? Well she did it in Alaska and it worked pretty damn well!!!!

                                                                                                                              That's the simpleton front they have put up so the hillbilly Republican base can understand it.
                                                                                                                              How did she do it in Alaska? Raising taxes on the Oil companies is what she did.

                                                                                                                                Comment

                                                                                                                                • Brujah
                                                                                                                                  Beer Money Baron
                                                                                                                                  • Jan 2001
                                                                                                                                  • 22157
                                                                                                                                  #33
                                                                                                                                  Originally posted by MrMaxwell
                                                                                                                                  Right, raise cap gain rate and see what happes to the already fucked business climate here in the states
                                                                                                                                  I'm glad you agree we've already been fucked. Let's keep capital gains at 15% and then cut income taxes on earned income to 15% too. That's fair isn't it?

                                                                                                                                    Comment

                                                                                                                                    • tony299
                                                                                                                                      lurker
                                                                                                                                      • Aug 2002
                                                                                                                                      • 57021
                                                                                                                                      #34
                                                                                                                                      Originally posted by MrMaxwell
                                                                                                                                      Right, raise cap gain rate and see what happes to the already fucked business climate here in the states

                                                                                                                                      For now all of the normal people will keep living below themselves because of our worthless government.. they feed the beast, the best doesn't have to chase 95% of them, they cut their own limbs and offer them up to the beast like trash so fuck them
                                                                                                                                      Before FDR and all that worthless government regulation. There really was no middle class just rich and poor basically and most of us would be in the poor group.

                                                                                                                                        Comment

                                                                                                                                        • sperbonzo
                                                                                                                                          I'd rather be on my boat.
                                                                                                                                          • May 2003
                                                                                                                                          • 9750
                                                                                                                                          #35
                                                                                                                                          So I hope no one is ignoring corporate taxes here. I've heard Obama talk about raising them. For anyone that is business illiterate let me put a point to you...

                                                                                                                                          Business don't pay taxes. They simply add them to the cost side of the books and raise prices to compensate for that cost. THE CUSTOMERS PAY THE TAXES.

                                                                                                                                          When you raise corporate taxes to the point where the pricing for that product becomes noncompetitive on the world market, the company either goes under, makes cuts in other costs.... like employees, or it simply moves to a place where the taxes are more advantageous and the business can stay competitive.



                                                                                                                                          Just something to think about, since the effects of corporate taxes seems to be ignored when it comes to it's impact on the people that ACTUALLY pay them.

                                                                                                                                          Michael Sperber / Acella Financial LLC/ Online Payment Processing

                                                                                                                                          [email protected] / http://Acellafinancial.com/

                                                                                                                                          ICQ 177961090 / Tel +1 909 NET BILL / Skype msperber

                                                                                                                                            Comment

                                                                                                                                            • GatorB
                                                                                                                                              The Demon & 12clicks
                                                                                                                                              • Oct 2001
                                                                                                                                              • 18208
                                                                                                                                              #36
                                                                                                                                              Originally posted by sperbonzo
                                                                                                                                              So I hope no one is ignoring corporate taxes here. I've heard Obama talk about raising them. For anyone that is business illiterate let me put a point to you...

                                                                                                                                              Business don't pay taxes. They simply add them to the cost side of the books and raise prices to compensate for that cost. THE CUSTOMERS PAY THE TAXES.

                                                                                                                                              When you raise corporate taxes to the point where the pricing for that product becomes noncompetitive on the world market, the company either goes under, makes cuts in other costs.... like employees, or it simply moves to a place where the taxes are more advantageous and the business can stay competitive.



                                                                                                                                              Just something to think about, since the effects of corporate taxes seems to be ignored when it comes to it's impact on the people that ACTUALLY pay them.

                                                                                                                                              So if the coroporate income tax was eliminated they would do the right thing and use the savings to increases wages and lower prices, right?

                                                                                                                                                Comment

                                                                                                                                                • Drake
                                                                                                                                                  Hello world!
                                                                                                                                                  • Mar 2003
                                                                                                                                                  • 12508
                                                                                                                                                  #37
                                                                                                                                                  Originally posted by sperbonzo
                                                                                                                                                  So I hope no one is ignoring corporate taxes here. I've heard Obama talk about raising them. For anyone that is business illiterate let me put a point to you...

                                                                                                                                                  Business don't pay taxes. They simply add them to the cost side of the books and raise prices to compensate for that cost. THE CUSTOMERS PAY THE TAXES.

                                                                                                                                                  When you raise corporate taxes to the point where the pricing for that product becomes noncompetitive on the world market, the company either goes under, makes cuts in other costs.... like employees, or it simply moves to a place where the taxes are more advantageous and the business can stay competitive.

                                                                                                                                                  Just something to think about, since the effects of corporate taxes seems to be ignored when it comes to it's impact on the people that ACTUALLY pay them.

                                                                                                                                                  What do you propose? If you say slash government spending - where exactly?

                                                                                                                                                  If I'm not mistaken you also support the war in Iraq, right?

                                                                                                                                                    Comment

                                                                                                                                                    • GatorB
                                                                                                                                                      The Demon & 12clicks
                                                                                                                                                      • Oct 2001
                                                                                                                                                      • 18208
                                                                                                                                                      #38
                                                                                                                                                      Originally posted by MrMaxwell
                                                                                                                                                      Right, raise cap gain rate and see what happes to the already fucked business climate here in the states

                                                                                                                                                      For now all of the normal people will keep living below themselves because of our worthless government.. they feed the beast, the best doesn't have to chase 95% of them, they cut their own limbs and offer them up to the beast like trash so fuck them
                                                                                                                                                      Explain why someone who is MILLONAIRE and makes all his income on capital gains should pay a LESSER tax rate than some guy making $40K a year? even Warren Buffet says it's wrong and considering his wealth is a good 50,000 times that of yours I think he knows WTF he is talking about. Nothing wrong with putting the capital gains tax back to 20% where it was before it got lowered to 15%.

                                                                                                                                                        Comment

                                                                                                                                                        • tony299
                                                                                                                                                          lurker
                                                                                                                                                          • Aug 2002
                                                                                                                                                          • 57021
                                                                                                                                                          #39
                                                                                                                                                          Originally posted by GatorB
                                                                                                                                                          So if the corporate income tax was eliminated they would do the right thing and use the savings to increases wages and lower prices, right?
                                                                                                                                                          Yeah of course they would. like when they have a bang up quarter and they lay off a bunch of people or send jobs overseas.

                                                                                                                                                            Comment

                                                                                                                                                            • GatorB
                                                                                                                                                              The Demon & 12clicks
                                                                                                                                                              • Oct 2001
                                                                                                                                                              • 18208
                                                                                                                                                              #40
                                                                                                                                                              Originally posted by Matt 26z
                                                                                                                                                              In reality, the Democratic Congress (or even Republican for that matter) would never cater to McCain's thinned out budget ideas to afford his massive tax cuts for the wealthy. So McCain would then take out more loans to afford the cuts and blame the Democrats for adding to the national debt.
                                                                                                                                                              This is the point. If McCain wins the democrats will still control Congress. So McCain is not going to get the tax plan he wants anyways since it's CONGRESS that passes tax bills not the President. All he can do is veto any tax bill that Congress passed. I doubt Congress will have the 67% to override a veto so that would mean they'd both have to compromise now wouldn't it? That's not necessarily a bad thing.

                                                                                                                                                                Comment

                                                                                                                                                                • pocketkangaroo
                                                                                                                                                                  Confirmed User
                                                                                                                                                                  • Jan 2005
                                                                                                                                                                  • 8452
                                                                                                                                                                  #41
                                                                                                                                                                  Most corporations don't pay taxes guys.

                                                                                                                                                                  http://www.reuters.com/article/newsO...49465620080812

                                                                                                                                                                    Comment

                                                                                                                                                                    • Drake
                                                                                                                                                                      Hello world!
                                                                                                                                                                      • Mar 2003
                                                                                                                                                                      • 12508
                                                                                                                                                                      #42
                                                                                                                                                                      If you have a source that'd be great. Thus far I've read that "Obama proposes funding the tax cuts by closing corporate loopholes and cracking down on international tax havens."

                                                                                                                                                                        Comment

                                                                                                                                                                        • stevo
                                                                                                                                                                          Confirmed User
                                                                                                                                                                          • Aug 2002
                                                                                                                                                                          • 2051
                                                                                                                                                                          #43
                                                                                                                                                                          Originally posted by Matt 26z
                                                                                                                                                                          Didn't you hear? He is bringing Palin in to shake things up in Washington!!!! The good 'ol boys club won't have the money made available to them anymore to blow!

                                                                                                                                                                          How is Palin going to force change as VP? How is that even possible? Well she did it in Alaska and it worked pretty damn well!!!!
                                                                                                                                                                          It worked pretty damn well? This year she proposed 31 earmarks totalling $197 million - more per person than any other state. It's funny how they're claiming her as a champion against government spending when her record shows the exact opposite.

                                                                                                                                                                            Comment

                                                                                                                                                                            • SuzzyQ
                                                                                                                                                                              Confirmed User
                                                                                                                                                                              • Dec 2006
                                                                                                                                                                              • 1557
                                                                                                                                                                              #44
                                                                                                                                                                              Originally posted by GatorB
                                                                                                                                                                              Not really. MSNBC exists because FauNews exist. If the Kiwi retard never invented Faux News MSNBC wouldn't have an audience either.
                                                                                                                                                                              Wrong.

                                                                                                                                                                              MSNBC was Americas Talking. NBC wanted to launch a cable news network to compete with CNN. MSNBC was launched a week before the Atlanta Olympics and was 6 million dollars over budget.

                                                                                                                                                                              When it was announced that AT was going to become a news network, The GM of CNBC/AT left and started FNC.

                                                                                                                                                                              I know this for a fact. My husband was worked at CNBC and I worked at AT when we met. Now we are both managers at........
                                                                                                                                                                              Last edited by SuzzyQ; 09-13-2008, 06:10 PM.

                                                                                                                                                                                Comment

                                                                                                                                                                                • sperbonzo
                                                                                                                                                                                  I'd rather be on my boat.
                                                                                                                                                                                  • May 2003
                                                                                                                                                                                  • 9750
                                                                                                                                                                                  #45
                                                                                                                                                                                  Originally posted by GatorB
                                                                                                                                                                                  So if the coroporate income tax was eliminated they would do the right thing and use the savings to increases wages and lower prices, right?
                                                                                                                                                                                  What you are missing here is two fold:

                                                                                                                                                                                  1. The corporations don't pay higher taxes when they are imposed... YOU DO when you buy their product.

                                                                                                                                                                                  2. What do states do when they want businesses to move large operations into their communities? THEY GIVE THEM TAX BREAKS. Why? Because they know that it is better for the community to collect NO taxes from the corp then to have them go somewhere else altogether. If you want companies to move back into the US, cut corporate taxes.

                                                                                                                                                                                  The fact is that, yes, when you cut corporate tax, they are able to cut prices, they are able to hire more workers because sales rise because of more competitive pricing, and they are able to invest more money into the ecomomies of the countries where they are based.

                                                                                                                                                                                  The profits don't sit in someone's mattress, the funds are working. EVEN if the money simply goes into the CEO's pocket, and he sticks it in his bank account, the bank is now using that money to invest in order to profit from the funds. Having corps stay in the US due to lower corporate taxes actualy tends to INCREASE tax revenues to the US gov, by the fact that they hire more people in the US, they invest more in the US, and they build more in the US. At the same time, people in the US are paying less for the products that they buy.

                                                                                                                                                                                  This is pretty basic, but a lot of people fail to see that it isn't a zero sum game. Wealth is always flowing, and the more that corporations can be competitive by staying here, the better it is for the country.


                                                                                                                                                                                  Again, this is just my . What can I say? When it comes to economics, I tend to be an Adam Smith fan.


                                                                                                                                                                                  .
                                                                                                                                                                                  Last edited by sperbonzo; 09-13-2008, 08:50 PM.
                                                                                                                                                                                  Michael Sperber / Acella Financial LLC/ Online Payment Processing

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                                                                                                                                                                                    • DWB
                                                                                                                                                                                      Registered User
                                                                                                                                                                                      • Jul 2003
                                                                                                                                                                                      • 31779
                                                                                                                                                                                      #46
                                                                                                                                                                                      Originally posted by notoldschool
                                                                                                                                                                                      LOL. Cant have war without taxes people. Want to get rid of taxes stop starting bullshit wars. How about taxing fucking churches...they are the single biggest scam in this country and them fake fuckers are laughing all the way to the bank.
                                                                                                                                                                                      A-Fucking-Men to that.

                                                                                                                                                                                      Churches are a huge fucking scam and big effing business. Tax them the same as any other business. It's a no brainer.

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                                                                                                                                                                                        • DWB
                                                                                                                                                                                          Registered User
                                                                                                                                                                                          • Jul 2003
                                                                                                                                                                                          • 31779
                                                                                                                                                                                          #47
                                                                                                                                                                                          Originally posted by AlienQ
                                                                                                                                                                                          Especially when the churches mobilize to effect political outcome.
                                                                                                                                                                                          A-Fucking Men... again!

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