Perhaps there will be an exodus of biblical proportions....... Wonder if, after the ocean parts, it will close before they get to the other side and drown their dumb asses as fitting retribution for voting for the anti-American-in-chief........
I like the fact that capitol gains tax is going increase from 15% to 40%. Why would anyone invest there money in business, if the government is going to take almost half of what you make, bet there will be a lot more foreign investing and swedish bank accounts.
One of my customers said the other day go ahead and raise taxes on people making more than $250,000, I don't care I don't make that much. I asked them where they thought the guy making $250k a year was making that money. They get it from the middle class, so who is going to have to pay there taxes in the form of increase cost of goods or service. I also think if Obamunism would focus on creating jobs they wouldn't need gun control, because all the wackos would have something to do, besides live in there parents basement and play video games all day thinking of how they are going to kill everyone.
Exactly. Though I'm not it the top 5% (who pay 40% of the income tax), my deductions and allowances will be smaller, thus my net income. Guess I'll have to raise my rates.
Inflation is one way of reducing national debt. So is quantitative easement (printing money), what you cant do is improve the economy with a rain dance for growth (reducing tax). Lack of growth is a global thing, same as customers going an extra week or two with shoeing cycle, your turn over reduces. Government fixed costs are set generally at the same rate or above the rate of growth.Your cost of living is set generally with that of a good years shoeing or just above! Government loses income and raises taxes, your income drops and you raise shoeing costs. Anybody see the flaw in this plan? Can anybody remind me who is responsible for the fiscal cliff? Im sure it predates Obamurism. Isnt it a legacy of the Bush chap? Isnt he the chap who lowered taxes? well that worked didnt it!!! Capitalism has reached the top of its bell curve and there doesnt seem to be a plan "B" As I traveled down through Europe on my bike this summer I got a bit of an insight into whats coming as they seem to be a bit further down the road than both the US or GB. In GB we have been taking the cuts for a few years now but I doubt that they will prove enough, thank the lord for the free money trees. Did I say ten pages? might of been an underestimate.
Raising or lowering taxes and increasing inflation will have no effect, if spending is not controlled. We have a president who has not passed a budget since he has been in office. How can you run anything without a budget and expect it to be successful. The global economy IMO is horse#%$@, we need to quit sending our tax dollars overseas when our own country is in shambles. We are rebuilding other countries when our own infrastructure is falling apart. We need to quit bailing businesses and banks out of the messes they get themselves into. I saw the other day that we give 12 million a year to some park in Africa. If that money stayed at home and was spent on infrastructure it would create jobs and increase tax revenue. It doesn't matter what they do if spending is not controlled in a responsible way for our country.
The rain dance of lowering taxes has increased revenue every time it's tried (JFK, Johnson, Reagan, Bush). Spending more than you take in will lead to ruin weather you are a Farrier, Democrat or Republican, but what's 16 trillion among friends? As to the "cliff", Obama signed it into law at the beginning of this year. Two years ago he stood against raising the same taxes during poor economic growth, which was actually better then.
From: http://money.cnn.com/2010/09/08/news/economy/reagan_years_taxes/index.htm Bill, Are you aware or do you remember what Reagan's tax policies did to the horse industry in the 80s?
David, I think we can get another 10, with the right prodding. I was in the grocery store this afternoon. I'm sure you've all seen this. There was a young couple in front of me in line with a child. The child grabbed a candy bar, and mom said no dear, we have plenty of candy at home. So the kid proceeds to have a major temper tantrum. Screaming, crying, stomping his feet, rolling on the floor. Kinda held up the whole line for a few minutes. Eventually they got through the line, without the candy bar, and things started moving again. If the kid had gotten the candy, everyone would have rightfully thought the parents idiots, Since they didn't let him have it, everyone just thought "what a little prick", and the world moved on. Kinda reminded me of the Republican party, and the Tea Party wing in the the US congress, particularly in the House of Representatives. Regards
Rick my wife and I were in the grocery store a couple years ago the lady in front of us had a bunch of junk food and a package of pre made cookie dough when they informed her that she could not purchase the cookie dough with her food stamps she commenced a cussing and screaming fit finally the manager was called over and he punched something in the register and she got her cookie dough purchased with her food stamps. Her 3 kids didn't need any cookies either. IMO both sides are being a bunch of Jackasses.
Heaven forbid you make it tougher on people who evade paying there taxes, by either not paying them or using loopholes in the tax system.
You mean tougher on folks like Romney who used off shore accounts to avoid taxes and helped others avoid taxes through his Bain Capital Company?
I love all my "loopholes". Cost of supplies, fuel, work clothing, meals, clinics, mortgage interest. child and spouse deductions, etc. I could deduct part of this computer and the portion of the house it sits in. I believe if I do a bit of research, I could write off as time loss the pauses during the day I stop to scratch my ass. Now when Obama set aside $10,000 for each of his daughters into tax exempt accounts and was able to deduct that twenty grand from his income, no one screamed "loophole!!". A loophole, I suppose, is defined as one of the evil rich keeping more of their own money that should be redistributed to those who really need it. A "child tax credit" is an entitlement that those who have low incomes deserve. I have heard Democrat leadership tell over and over that they have a friend or know some millionaire who wants to pay more taxes. Obama constantly tells how he can afford to pay more of his "fair share". These people should tell their accountants not to use the "loopholes" on their forms. If that isn't enough to cover their fair share, they can ask for the IRS mailing address so they can send an additional check. It will get cashed.
Morality dictates that if another has more that me, I can just take it. If they are, perchance, able to keep me from breaking in to their holdings, then I can take a number of my fellows to seize our share. Once that gets too strenuous we can vote for the Government to hire agents to go get our share and send it to us.
Thats not my view of morality. What you describe is that of Immorality. On one level this forum is a good case, people who without reward look to further themselves and others, There will always be givers and takers, most on here fall into the first category.
Agreed. I can not see any moral argument that takes a different percentage of one person's earnings than another. Democracy is two Coyotes and a lamb voting for what to have for lunch.
