Hey Obama people ... refute this for me (tax plan)

Vince

slightofjeff wrote:

That is actually very interesting. So I'm better off under McCain, but not by that much.

I feel sorry for the people in the upper brackets when Obama is elected though. Holy fuck!

I know it's popular to castigate the rich for being rich, but damn ... some of them already pay close to 40% of their income in income tax. And now we want them to pay more?

It kind of isn't fair. I guess I'm glad I'm not rich

I would like to see how successful those people would be in another country. Our roads, infrastructure and military allow them to build businesses that expand and occur wealth. I have no issue with them paying more. This country thrived under Clinton's tax structure. We have done nothing under Bush's economic scheme.

slightofjeff

Vince wrote:

I would like to see how successful those people would be in another country. Our roads, infrastructure and military allow them to build businesses that expand and occur wealth. I have no issue with them paying more. This country thrived under Clinton's tax structure. We have done nothing under Bush's economic scheme.

I don't have an issue with them paying more. But they're ALREADY paying more. How much more is more? Should they give half their income to the government? 60 percent? 70?

Also, you realize we were on the brink of recession when Clinton left office, right? "Tax structure" had very little to do with anything. The economy is cyclical.

dmitry

there are more revenues now than ever before

BamaPJFan

I heard this about Obama's plan for increasing the Capital Gains tax approximately three weeks ago on CNN (might have been Wolf Blitzer's show). This is yet another reason why I will not be voting for Obama. My mom is about to put her house on the market and will need to rely heavily on the income from the eventual sell of her house.

Vince

BamaPJFan wrote:

I heard this about Obama's plan for increasing the Capital Gains tax approximately three weeks ago on CNN (might have been Wolf Blitzer's show). This is yet another reason why I will not be voting for Obama. My mom is about to put her house on the market and will need to rely heavily on the income from the eventual sell of her house.

Real estate aside, the capital gains rate should be raised. Obama plans to raise it to the same level Reagan did in 1986. Personally I have a problem with hedge fund managers getting taxed less then what I pay on my income. Stocks are income to these people and this is only one cause of whats creating the great divide between the classes. Call it class warfare but the middle class is losing. We need a more progressive tax system that empowers everyone not just a small section of society. Trickle down economics has never worked.

Vince

slightofjeff wrote:

I don't have an issue with them paying more. But they're ALREADY paying more. How much more is more? Should they give half their income to the government? 60 percent? 70?

Also, you realize we were on the brink of recession when Clinton left office, right? "Tax structure" had very little to do with anything. The economy is cyclical.

Now you're just being silly. No one is saying that they should pay 60 or 70%.

dmitry

Vince wrote:

Now you're just being silly. No one is saying that they should pay 60 or 70%.

I think you're wrong, top rates were 70 to almost 100 % for a very long time before Reagan. A lot of people would love to see taxes go that high again.

What's 100 percent of zero?

slightofjeff

Vince wrote:

Now you're just being silly. No one is saying that they should pay 60 or 70%.

yeah. not yet. Give it a few years.

They are already paying 40 percent.

Where does it go now?
And the next time?
And the time after that?
Where is the cap on what's fair?

It just irks me (but only a little, since I'm not rich) that every time the government needs more money, they take it from the people who are already paying more than their fair share.

cincybearcat

slightofjeff wrote:

It just irks me (but only a little, since I'm not rich) that every time the government needs more money, they take it from the people who are already paying more than their fair share.

It's easy for them though...most people already like to hate the rich and this is the only way to get back at them...

Damn you and all your $!!!!!!!!!!!!!!

As I've said before, it's very easy to give away someone else's earned income.

clark_kent

cincybearcat wrote:

It's easy for them though...most people already like to hate the rich and this is the only way to get back at them...

Damn you and all your $!!!!!!!!!!!!!!

As I've said before, it's very easy to give away someone else's earned income.

i'm in that top bracket. i see a lot of money go to federal taxes, but you know what? it doesn't bother me. why? because even after those taxes, im taking home more per check than anyone else i know gets before their taxes. it's not like i'm unable to buy groceries, it just means i maybe shouldn't splurge on the digital flat panel 600 inch tv this year. but you're right, our lives are so hard, aren't they? if i've got to pass on the tv this year so that some kid somewhere can get government health care he couldn't afford elsewhere, i'm not going to bitch about biting that bullet.

as to tax plans, here's the rundown on obama v mccain. even the corporate folks think obama's plan is smarter, and they stand to lose the most:

http://www.businessweek.com/bwdaily/dnflash/content/jun2008/db20080611_220050.htm

slightofjeff

cincybearcat wrote:

It's easy for them though...most people already like to hate the rich and this is the only way to get back at them...

Damn you and all your $!!!!!!!!!!!!!!

As I've said before, it's very easy to give away someone else's earned income.

Instead of taking more money from anybody, I'd rather the government just, you know, cut spending a little bit.

I will now pause for laughter.