Registered Member #2012 Joined: Wed Jan 20 2010, 12:13PM : Posts: 128
Lumber Jill: If dollars are the hallmark, are you suggesting those of us who contribute less should contribute more? Or are you suggesting that the more you make the less you should pay?
I am saying it shouldn't be based on percentages. It should be based on a flat rate. Bt that will never happen. I just want people to recognize that while 13% may seem low, in dollars, it is an astronomical amount of money...far MORE than any of us pay. So no...the more you make, the mor you pay in DOLLARS! What doesn't kill me does NOT make me stronger. It makes me anxious, bitchy, and vulnerable...but nobody wants to see that embroidered on a pillow...Lisa Kogan...thx LXL...sorry i stole it from you! Ok, maybe I'm not sorry :-P
Life isn't like a box of chocolates. It's more like a jar of jalapenos. What you do today, might burn your ass tomorrow...Larry the Cable Guy
Registered Member #659 Joined: Sat Sep 15 2007, 01:32PM : Posts: 8634
with all the congress members who are not paying taxes at all, why is it some choose to get on the the case of someone who aparently is paying what he is obligated to pay? Hire yourself an acountant, pay into some some charaties , invest in the right things and you can get your taxes lower. Don't argue with an idiot; people watching may not be able to tell the difference.
Someone who thinks logically provides a nice contrast to the real world.
"I solemnly swear that I will support and defend the Constitution of the United States against all enemies, foreign and domestic; that I will bear true faith and allegiance to the same"
WE LIVE IN THE LAND OF THE FREE, ONLY BECAUSE OF THE BRAVE!
Registered Member #1154 Joined: Wed Oct 24 2007, 10:30AM : Posts: 4794
Debbie Doodah wrote ...
Just another thought...maybe the complaint was followed up on and the workers were not illegals.
The problem is in the first part of the sentence....the complaint was not followed up on because, "unless the guys working there have committed crimes, we do not have a reason to intervene"..the run around to try to do anything is beyond belief... I have no ability to follow up on the rest because the government that I would trust to do that does not. It has to do with the present policies that are "in place" and protected by Obama's henchmen (or women). It's a do nothing idea that is deemed to be an asset to Obama and his "administration" in order to get him re-elected! Apparently you have not had to deal with this in your neighborhood, because if you did, you would be outraged.
Registered Member #2392 Joined: Wed Feb 09 2011, 07:23PM : Posts: 1909
With Obama and all his massive debt-ridden programs lurking to keep in big time over the next few years, the big money is sitting on the sidelines until he is gone and his back-room "laws" are removed from the books. Frank-Dodd and Obamacare are job killers. Then factor in major new hikes on dividends and investments (of which many are part of pension funds and no ammount of existing tax incentives will bring investors back to the table.
Here's some more Obama reality -- for next year!
~~~~ Obama's Dividend Assault A plan to triple the tax rate would hurt all shareholders.
President Obama's 2013 budget is the gift that keeps on giving—to government. One buried surprise is his proposal to triple the tax rate on corporate dividends, which believe it or not is higher than in his previous budgets.
Mr. Obama is proposing to raise the dividend tax rate to the higher personal income tax rate of 39.6% that will kick in next year. Add in the planned phase-out of deductions and exemptions, and the rate hits 41%. Then add the 3.8% investment tax surcharge in ObamaCare, and the new dividend tax rate in 2013 would be 44.8%—nearly three times today's 15% rate.
Keep in mind that dividends are paid to shareholders only after the corporation pays taxes on its profits. So assuming a maximum 35% corporate tax rate and a 44.8% dividend tax, the total tax on corporate earnings passed through as dividends would be 64.1%.
In previous budgets, Mr. Obama proposed an increase to 23.8% on both dividends and capital gains. That's roughly a 60% increase in the tax on investments, but at least it would maintain parity between taxes on capital gains and dividends, a principle established as part of George W. Bush's 2003 tax cut.
With the same rate on both forms of income, the tax code doesn't bias corporate decisions on whether to retain and reinvest profits (and allow the earnings to be capitalized into the stock price), or distribute the money as dividends at the time they are earned.
Of course, the White House wants everyone to know that this new rate would apply only to those filthy rich individuals who make $200,000 a year, or $250,000 if you're a greedy couple. We're all supposed to believe that no one would be hurt other than rich folks who can afford it.
The truth is that the plan gives new meaning to the term collateral damage, because shareholders of all incomes will share the pain. Here's why. Historical experience indicates that corporate dividend payouts are highly sensitive to the dividend tax. Dividends fell out of favor in the 1990s when the dividend tax rate was roughly twice the rate of capital gains.
When the rate fell to 15% on January 1, 2003, dividends reported on tax returns nearly doubled to $196 billion from $103 billion the year before the tax cut. By 2006 dividend income had grown to nearly $337 billion, more than three times the pre-tax cut level. The nearby chart shows the trend. (more) [Click Here]
And 10% of taxpayers pay 70% of ALL TAXES as it stands.
~~~ From Allen West Warren Buffett and President Obama claim that the rich do not pay enough taxes. They both blame the American tax code of being unfair and coddling the rich. Both have been pushing the same class-warfare narrative for many years, using current US capital gains and dividends taxation rates as evidence for their big government progressive agenda. Both are spreading misinformation about all the taxes corporations and individuals actually pay.
Top 10% of Taxpayers Pay 70% of All Taxes The latest research on US income taxes data (conducted by several non-partisan and independent organizations) shows that, on average, the top 10% of taxpayers pay approximately 70% of all federal taxes in America. Does “fair” mean they should be paying 80%, 90%, or 100% of all taxes instead? Is that the definition of “fair share” that both Obama and Buffet would be more comfortable and happy with? I think Karl Marx and Friedrich Engels would definitely have approved.
This is the situation all of us Americans face come December 31, 2012. It doesn’t make for a very Happy New Year — does it?
The solution that President Barack Obama and the Senate Democrats have is to just raise the upper tax brackets for those with income levels of $200,000 (Single) and $250,000 (Married). Not only does that adversely affect small business owners, it yields additional tax revenue of only $85 billion per year. Given the insatiable spending appetite of the Federal Government, that $85 billion only funds the Federal Government for barely 10 days!
What an insidious political gimmick — just like the “Buffet Rule” which was an even bigger joke in that it only yielded $40 billion in revenue over 10 years.
Another tax set to increase is the dividend tax which rises from 15% to a top level of 43.4% — and many of our seniors depend upon dividend income to survive.
Another tax which I have not mentioned is the infamous “death tax,” currently at a 35% rate but will increase to a 55% rate, as well as the minimum exemption reduced from $5 million to $1 million.
Lastly, we have the highest corporate/business tax rate in the WORLD, at 39.6%. We are basically telling the private sector that America is not open for business and forcing it out.
Next week we shall hit $16 trillion in debt, but when you factor in our unfunded mandates and liabilities, our debt is far higher. As the CBO stated this week, we are about to hit our fourth straight year of a trillion-dollar-plus deficit. The three previous were $1.42 trillion, $1.29 trillion, and $1.3 trillion, with this year, estimated to be $1.1 trillion.
Now, if all these tax increases were to aid in debt and deficit reduction, perhaps they might be carefully considered, but they are not. In President Barack Obama’s Fiscal Year 2013 budget (which failed both Houses of the United States Congress without garnering one vote), there is $1.9 trillion in new taxes or as this Administration likes to say “revenues.”
The nasty little secret is that Obama’s budget NEVER balances and all you get is a 53% increase in the growth of Federal Government — so much for a “balanced” approach.
Consider, at the same time in President Ronald Reagan’s first term, we were at 7.1% GDP growth.
Under President Obama you ask? A whopping 1.5% GDP growth.
The Keynesian economic theory of tax and spend to resolve a fiscal crisis does not work. Continued government “stimulus” spending does not work either – just ask Japan. (more data in article) [Click Here]
Registered Member #659 Joined: Sat Sep 15 2007, 01:32PM : Posts: 8634
Isn't it strange the things that would kill noboma's chances in November were done in the first few days of office, and will not kick in untill after he is reelected? And the sheep graze, heads down oblivious to what is happening around them. If they would just look up they would see the knife poised over their heads Don't argue with an idiot; people watching may not be able to tell the difference.
Someone who thinks logically provides a nice contrast to the real world.
"I solemnly swear that I will support and defend the Constitution of the United States against all enemies, foreign and domestic; that I will bear true faith and allegiance to the same"
WE LIVE IN THE LAND OF THE FREE, ONLY BECAUSE OF THE BRAVE!
Registered Member #228 Joined: Sun Dec 17 2006, 07:41AM : Posts: 2301
bills grandson wrote ...
Isn't it strange the things that would kill noboma's chances in November were done in the first few days of office, and will not kick in untill after he is reelected? And the sheep graze, heads down oblivious to what is happening around them. If they would just look up they would see the knife poised over their heads
TYPE: WATER SALVAGE (FLOODING) AREA: BIG BEAR CITY UNITS: ME291 5XX W BIG BEAR BLVD - BBC X N BIG TREE DR S BLUE WATER RD AT THE CIRCLE K - WATER SALVAGE, BBC1 _1300924 BIGBEARCITY.,
So lets see- kids were in a tree building a fort, dropped a hammer, hit Goat in the face which caused him to crash into a camp fire where they were making fajitas thus burning his hand and getting fajita all over his shirt! Does that explain it?
Could 2012 be America 's Last Presidential Election?
