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You're right about one thing 12clicks, it doesn't matter.
This election is alot like 1980, the vast majority of the country is sick of the way things have been going and the policies that have led us there, and they desperately want a change. All Obama had to do to "win" was prove he has the temperament and the intelligence to be President. He's done that. You may not like his policies or his background or whatever, but you can't deny that he has the temperament and intelligence for the job. |
[QUOTE=Adult Lounge - Brad;14869219]I almost had to abort this thread after your absolutely unnecessary and ridiculous tirade about "hipsters". How does that have any barring on the election?
QUOTE] You almost had to abort this thread because of something I said lol, I mean chill the fuck out and this is not a congressional hearing so should you have aborted I dont think it would of destabilize the civilized world. As far as what hipsters have to do with the obama hype well figure it out. |
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Those 13% don't pay federal income taxes, they do pay payroll taxes (FICA). Obama is proposing a tax credit for those people to offset some of their payroll tax. The 95% number is a little pie in the sky, the actual statement should be "95% of families", and even then you have to look at the numbers in the best possible light...but to call it a lie is a bit much. 28% was the capital gains rate Bill Clinton inherited from George HW Bush, which he inherited from your hero Ronald Reagan. Clinton cut that rate twice, once to 23%, and again to 20%. The 20% rate that was in place when Clinton left office is what Obama is proposing to go back to. My understanding is also that the higher rate will only apply to capital gains for those making over 250K per year. All of Obama's tax proposals will have you paying less taxes than you did under Ronald Reagan, so while tomorrow's taxes might be higher than today's taxes, these are hardly onerous proposals that would hurt the economy. |
best part of this thread =
serge posting on gfy again =] |
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I can afford it, can you talk bullshit for 8 years straight and doing nothing else? I don't think so, working bee. |
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please don't confuse income tax with FICA, FICA is where the poor pay a small token to receive many times that in return during "retirement" Quote:
http://query.nytimes.com/gst/fullpag...pagewanted=all """Prospects are considered slim that President Reagan's call for lower capital gains taxes will go anywhere in the Democratic-controlled Congress in the forseeable future. President Reagan, who is expected to propose such a reduction in his State of the Union Message Monday night, has pressed the idea before - in his first and second terms. But his only success with Congress came in his first year in office. In the past two years, Congress has soundly rejected various proposals to cut capital gains taxes in considering major tax legislation."" Quote:
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I won't call you a liar if you can come up with a quote of his saying 20% Quote:
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UBS caved in and pays $19,000,000,000 to me and other folks, our cash is unfrozen, my job is done, now I can go pailing and gfying once again ;) How you been, man!? |
I didn't read anything except the OP's statement....However, it doesn't matter because Obama is going to win the ELECTION....I couldn't give two fucks about arguing who won a debate...
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Ronie, taxes are NOTHING. Who cares about low tax rates when one is unemployed?
Who cares about fat banking acount when the revolution redistributes the wealth? I'd rather have my wealth redistributed by law than by the mob like it happened in.. French Revolution Russian Revolution and as Brits will confirm American revolution. The rich folks are not scared by taxes, it's about time you start behaving like one. |
Pennsylvania:
Philly on one side, Pitt on the other, and Alabama in between :P |
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:1orglaugh :1orglaugh :1orglaugh :1orglaugh :1orglaugh :1orglaugh :1orglaugh :1orglaugh :1orglaugh :1orglaugh :1orglaugh :1orglaugh :1orglaugh :1orglaugh :1orglaugh |
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anyone that wants to get elected is forced to say anything to appeal to a broad enough base to be electable. we hold politicians to impossible standards, pick apart ever syllable of every word and twist it against them, demand the impossible and have basically created a position that attracts nothing but narcissistic, sociopathic weirdos. obama is just as full of shit as anyone else is. he's changed his position on almost anything he's ever talked about once he realized his position wasn't the most popular or wasn't resonating with those voters who need to be swayed to his side mccain is just a creepy looking weirdo... that can't stop talking about how he can't get along with either party (i.e. "maverick") and who can't stop talking about vietnam. sorry... i don't give a fuck if some guy 600 years ago flew a plane a war or got shot down and captured while doing it. doesn't make him a great president or competent leader. |
glad I've clicked this thread!
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13% of US workers pay no federal income tax, but they still pay taxes. You may want to clarify that statement to say "income tax", but once you do, then you can't call Obama a liar because he didn't say he was going to give 95% of families "an income tax cut" he said he was going to give them a "tax cut" Quote:
Capital gains tax rates. 1978 - 39% 1979-80 - 28% 1981 - 23.7% 1982-86 - 20% 1987 - 28% 1988-1990 - 28%-33% http://www.ctj.org/pdf/regcg.pdf Quote:
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The top capital-gains rate for families making more than $250,000 would return to 20% -- the lowest rate that existed in the 1990s and the rate President Bush proposed in his 2001 tax cut. A 20% rate is almost a third lower than the rate President Reagan set in 1986 Quote:
1981 - 70%/50% 1982-86 - 50% 1987 - 38.5% So with the exception of Reagan's last two years, Obama's income tax proposals will have high income earners paying a lower rate than they did under the bulk of Reagan's term. Also, the lower brackets will be much lower under the Obama plan than they were under the Reagan plan. (And don't forget, you pay taxes in those lower brackets too, you only pay the higher rate on income over and above the 200K threshold, on your first 20K, 50K, 199K, etc, you pay the same tax rates as everyone else) I realize you object to taxes no matter what, but we have a national debt of $10+ trillion....and 8 trillion of that was under the watch of Ronald Reagan and George W Bush, both of whom brought in sweeping tax cuts and claimed they would pay for themselves. They obviously didn't and if we don't get our fiscal house in order the dollar will be worth about as much as a peso. |
They did not capitalize on the town hall format and I think that hurt them. They had a chance to really connect with the people, but didn't do it.
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you think raising taxes gets "our fiscal house in order" it doesn't. cutting spending is the only answer. The reagan and bush tax cuts *did* pay for themselves (look it up) what it didn't pay for was the obscene spending spree congress has been on for decades. so yeah, lets elect the guy who wants to spend more money because, well if we just raise taxes on the rich, everything will be ok. I'm often embarrassed that I've accomplished so little in a country where most of the people are dumb enough to believe Obama's fairy tale. |
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we really do NOT need all of the things the government tells us we need. on top of that, cut taxes further. cutting taxes raises tax revenue, not the other way around. |
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http://www.factcheck.org/askfactchec...in_higher.html http://www.ocpp.org/cgi-bin/display.cgi?page=cp0603 http://www.cbpp.org/3-8-06tax.htm http://blogs.wsj.com/washwire/2006/0...or-themselves/ Sure tax revenues eventually increase, but that's because our population and tax base grow every year. Revenues would have been substantially higher had those tax cuts not been enacted. Tax revenues went up substantially more under Clinton than they did under Reagan, or under Bush. I agree with the spending....so let's start by not spending $10 billion a month in Iraq anymore. Most of the "spending' Obama is proposing are on things that will save us money in the long term. Investing in renewable energy sources so that we're not dependent on foreign oil. Not having to pay $4 a gallon for gas would be a boon to the economy. Fixing the health care system and getting everyone coverage, because it will be cheaper for all of us when the uninsured stop going to emergency rooms for free treatment. When it comes to politics you come off as an ideologue, but as a successful businessman I'm sure you're also a pragmatist. As a pragmatist I'm sure you would have to agree that some things you disagree with from an idealogical standpoint are still the right and practical thing to do. |
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Obama is talking about cutting Gov services we don't need, reducing others, cleaning house in that way to free up money. "Reducing Gov" Which is a major amount of money. As well as stopping 10b a month going out into one war. Then reducing tax on some people, closing tax holes that are abused by corps, then reducing the tax again in those areas. He has explained where, what, and even how - I'm just not going to type that much here. Then to bring in more money, jobs, ect to cover the cleanup, he wants to advance forward into Energy Technology. (the new i.t.) Which could and should be a major building block for our Economy over next decade. I don't really understand how you could be confused about what Obama has said, how he would get the money and how he plans on doing it. He has been saying the same thing for months. And just the "basic" areas he is talking about frees up far more than enough money to cover his social ideas. The bush "Tax cuts" paid for itself because it taxed the middle class more. Look it up. |
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Seems the best combo would be a Democratic President and Republican Congress. |
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I think Obama's quote during last night's election says it all. This is after McCain tried to explain his rendition of Obama's tax plan:
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If a store announces that bread is now free? who won't take a free loaf of bread? no different than medical care. Make it free and the guy who goes to the doctor once a year, now goes 5 times a year because, well, its free. All of obama's projections of costs are idiotic because he didn't factor in what happens with human nature over the concept of "free" this is the ugly side of false promises. we'll have a second Social Security we can't possibly pay for. then what? shall we tax the rich again? Quote:
pretending that health care is some sort of god given right and should be free for everyone is not practical or right. raising taxes on the rich to placate your democratic base is not practical or right. the entire country should should feel the pain of political spending then perhaps the poor would stop voting for more and more spending. |
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he is cutting nothing of significance and you're simply fooled by his talk of evil corporations and quick exit from iraq. and you're dead wrong about Bush's tax cuts. its a shame. only among democratic kool aide drinkers is an across the board tax cut seen as a "tax cut for the rich" or that they were paid for by taxing the middle class more. it goes beyond sad, its pathetic. |
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If you want to continue to believe that lowering taxes increases revenue, then I suppose you have that right, but if you continue to believe in that "fairy tale" then you really have no business telling the rest of us we're delusional. At this point arguing further is futile, because even in the face of overwhelming evidence you're not willing to admit the major flaw in your ideology as it pertains to taxes. |
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Under the Bush tax cut, millions of Americans, mostly upper-middle class, paid extra tax every year since his tax cut. His net balance of the cut vs the increase in other areas, did not actually decrease taxes. That is a fact and you can look it up. I never heard Obama say any thing about evil corps. Just that CEO's getting multi-million dollar bonuses after bankruptcy is bs, which it is - I wouldn't get a bonus if my company went bankrupt. And the true fact that our Companies do pay less tax than almost any nation because of the loop holes that also get us into trouble. Not evil - just logical. I don't see what the issue is with taxing the upper classes more. I'm not rich but I'm not in the middle class either. I have no issues paying more tax. I support, supporting our lower classes and people that can't afford to pay for basic things of life, like medical care. Even my family, I make plenty of money, decent size company. And I can not afford to have my wife in my Insurance policy. She can not, ever, get a policy on her own, even Bill Gates couldn't afford it. She can ONLY work for major Corporations or nobody can bring her on. The cost of her medical care is more than my house. So yeah, tax me more, tax you more, tax all us higher income people more. They would have to tax me 80% for it not to be worth it on my end. So I fully support it, fully support social health care. And I support higher income people/companies paying for it. Onlything I know is McCain isn't correcting a damn thing and at least Obama has a half ass game plan/idea that 'if' he pulled it off would actually help the Country. Otherwise, who cares, we are fucked all around either way. |
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Anyone who votes for a Republican OR a Democrat needs to have their fucking head examined...
You all STILL can't see what they are doing? |
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