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Post by funforall on Jan 25, 2012 19:11:36 GMT -5
no he didnt lie about Rich paying taxes.. they do but way less then we do. Why should they have a tax cut and we dont I pay 35% they should too.................but then again the right will hate anything good that Obama had to say......................................
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rockon
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Post by rockon on Jan 25, 2012 19:13:52 GMT -5
Like I said there are plenty examples of double taxation but this is not one of them. You pay initially and then you only pay on the gain after that.
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rockon
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Post by rockon on Jan 25, 2012 19:17:07 GMT -5
no he didnt lie about Rich paying taxes.. they do but way less then we do.
This is a lie (or at least not the truth) in many cases. The only rich ones who pay less are those who earn their money from passive income. Any rich person who works for their money will pay the most progressive rate of 35%.
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diamonds
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Post by diamonds on Jan 25, 2012 19:21:43 GMT -5
no he didnt lie about Rich paying taxes.. they do but way less then we do. This is a lie (or at least not the truth) in many cases. The only rich ones who pay less are those who earn their money from passive income. Any rich person who works for their money will pay the most progressive rate of 35%. More than that rockon. The hip hop mogul Russell Simmons pays half of his income in taxes as he is so rich. He does it because he can and wants to.
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djAdvocate
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Post by djAdvocate on Jan 25, 2012 19:24:04 GMT -5
no he didnt lie about Rich paying taxes.. they do but way less then we do. This is a lie (or at least not the truth) in many cases. The only rich ones who pay less are those who earn their money from passive income. Any rich person who works for their money will pay the most progressive rate of 35%. taxes are fairly level in the 100's because of the fact that you don't pay the 6.3% social security tax above $107k. then it takes off again when you hit the next bracket.
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diamonds
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Post by diamonds on Jan 25, 2012 19:26:34 GMT -5
I think I heard O'Reilly says he pays 39% of his working income. Does it really matter to the Liberals anyway, If all the millionaires paid 100% of their incomes, it would not make a dent in the debt deficit. Jobs, jobs, jobs is what the people will be voting on. That's the long and short of it and most of the States are close to 10% as of now.
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djAdvocate
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Post by djAdvocate on Jan 25, 2012 19:32:08 GMT -5
I think I heard O'Reilly say he pays 39% of his working income. Does it really matter to the Liberals anyway, If all the millionaires paid 100% of their incomes, it would not make a dent in the debt ceiling. oh, it would make a dent alright. but it wouldn't cover it.Jobs, jobs, jobs is what the people will be voting on. That's the long and short of it and most of the States are close to 10% as of now. you might want to check that stat, diamonds. or not. your choice. (there are only five states over 10%. there are EIGHT under 6%)
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rockon
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Post by rockon on Jan 25, 2012 19:34:29 GMT -5
A person with earnings in the 100's are usually not considerd to be "rich" today but as always it is a very relative term. Most of our global population would consider all of our people rich and I consider anyone happy to be rich.
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rockon
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Post by rockon on Jan 25, 2012 19:38:41 GMT -5
O'Reilly could be right if he is including a state tax. Some states also have a business tax not to mention unemployment, workmens compensation. The entire cost can be very scary.
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djAdvocate
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Post by djAdvocate on Jan 25, 2012 19:39:17 GMT -5
A person with earnings in the 100's are usually not considerd to be "rich" today but as always it is a very relative term. Most of our global population would consider all of our people rich and I consider anyone happy to be rich. there is no correlation between income and happiness when you are above $75k/year.
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rockon
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Post by rockon on Jan 25, 2012 19:45:18 GMT -5
Some of my children went to help in a village in Panama last year during their Christmas break at school and were shocked to find out how "happy" these "poor" people were.
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djAdvocate
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Post by djAdvocate on Jan 25, 2012 19:50:12 GMT -5
Some of my children went to help in a village in Panama last year during their Christmas break at school and were shocked to find out how "happy" these "poor" people were. that may be true. however, there IS a strong correlation between money and happiness in the states for incomes up to $75k/year. and, of course, there are a lot of health issues associated with lack of happiness, so making more money up to that level is good for your health.
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djAdvocate
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Post by djAdvocate on Jan 25, 2012 19:50:59 GMT -5
PS- Panama is not that poor when compared to places like Haiti and Nicaragua, which are DISMALLY poor.
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diamonds
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Post by diamonds on Jan 25, 2012 19:53:32 GMT -5
O'Reilly could be right if he is including a state tax. Some states also have a business tax not to mention unemployment, workmens compensation. The entire cost can be very scary. I do think he has a business on the side, but the revenues from his books goes to the Wounded Warrior Foundation. I have to go in 10 minutes, to watch the big guy. He had Beckel on the other day and I'm really starting to like the guy...lol. I wanted to write him again, dj, but too soon. I have to wait for another few months or they will say, "it's her again" I don't want to push my luck as I think #3 was a charm for me!
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gavinsnana
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Post by gavinsnana on Jan 25, 2012 20:13:37 GMT -5
Face it, Obama and the Dems are spendaholics. This is why he wants MORE of YOUR money.. Um, it isn't my money. I earn considerably less than $1 million per year. You just don't get what he is wanting. A Double tax. What if you did earn 1 Mil., its taxed. You hopefully invest some of it... you are again fully taxed on it, if he gets his way. Double tax..
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dumdeedoe
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Post by dumdeedoe on Jan 25, 2012 20:13:38 GMT -5
15. nation goes bankrupt....check
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gavinsnana
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Post by gavinsnana on Jan 25, 2012 20:15:21 GMT -5
If you don't think that this will hurt our economy, then you don't understand the economy and how it works
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gavinsnana
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Post by gavinsnana on Jan 25, 2012 20:17:14 GMT -5
15. nation goes bankrupt....check Spending us into bankruptcy.. Check, check check Oh, and as for the Noble Peace price.. a JOKE at best
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gavinsnana
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Post by gavinsnana on Jan 25, 2012 20:21:39 GMT -5
He did NOT create jobs. His stimulus failed.
He just killed a big job creation by stopping the oil pipeline and Dems are against what he did.
There were many businesses, jobs, mom and pop businesses that would have greatly benefited from this, not to mention lower gas prices.
Instead, we could possibly be looking at $5 a gal. by summer. If this happens, Obama will not be re-elected, IMO.
He has to go..
I loved his remark "America is back" Horse poop! What planet is he on?
He does not have a clue.. at all.
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gavinsnana
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Post by gavinsnana on Jan 25, 2012 20:23:53 GMT -5
no he didnt lie about Rich paying taxes.. they do but way less then we do. Why should they have a tax cut and we dont I pay 35% they should too.................but then again the right will hate anything good that Obama had to say...................................... They DO pay 35% in taxes. The 15% is Capital gains tax. Learn the difference
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rockon
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Post by rockon on Jan 25, 2012 20:26:39 GMT -5
PS- Panama is not that poor when compared to places like Haiti and Nicaragua, which are DISMALLY poor.
Yep I agree. Like I said rich is a realtive term and so is poor. It really does not fit many of our citizens relative to many in other countries.
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rockon
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Post by rockon on Jan 25, 2012 20:41:02 GMT -5
OUR PRESIDENT: 1. Got Osama bin laden...I thought it was Seal Team 6! 2. unemployment rate down to 8.5%...Hopefully you meant up to 8.5% 3. 1.6 million jobs created with no GOP help...I thought some of these would be blamed on Bush! 4. 22 months of job and economic growth...Dito ... 5. Ended war in Iraq ...I'll give him this one. The real result won't be known for awhile. Remember "Mission Accomplished" 6. DADT repeal...Take this one up with Clinton. 7. Not one tax hike in 3 years....Not because of his choice. 8. Same wife for 15 years with no extra marital affairs...Your assuming quite abit here. 9. Saved the auto industry which got GM back to the #1 automaker in the world and created 1.5 million jobs...Ditto and at what final cost? 10. Assisted in ousting Ghaddafi...Would it of happened with out him??? 11. Only active President to receive Nobel Peace prize while in office...Tough to be to proud of a gimme. 12. Mortgage modification to prevent home owners from losing their home...Maybe yes-Maybe no 13. STILL fighting for middle class families...Seriously? You must have attended a campaign rally. 13. 1st president since Roosevelt to reform healthcare....But was it good reform. Most still think not. 14. Reformed financial system, first time since FDR...Tweaks might be better description but if reform fits wear it.
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cme1201
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Post by cme1201 on Jan 25, 2012 20:55:36 GMT -5
12. Mortgage modification to prevent home owners from losing their home...checkProgram touted to help 3-4 million homeowners. To date just over 900,000 people have qualified for the program and of those close to half have either become increasingly late on payments or moved in to foreclosure. Of the 45 million that was earmarked for the program only 2.5 has ben used. This doesn't look like an accomplishment. ecreditdaily.com/2012/01/housingforeclosures-2012-malaise-bottom/
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Post by Deleted on Jan 25, 2012 21:00:13 GMT -5
Um, it isn't my money. I earn considerably less than $1 million per year. You just don't get what he is wanting. A Double tax. What if you did earn 1 Mil., its taxed. You hopefully invest some of it... you are again fully taxed on it, if he gets his way. Double tax.. Right, unless I suddenly get really really good at baseball, I will never earn $1 million per year. I will have a net worth in excess of $1 million, I will have retirement investments worth more than $1 million, but I will never EVER earn more than $1 million in a year. It could be a quintuple tax. It will never impact me. ETA: I resent the implication that the absurdly low capital gains tax rate is too confusing for me.
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diamonds
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Post by diamonds on Jan 25, 2012 21:21:22 GMT -5
>>>15. nation goes bankrupt....check>>> That's just about the reality of the overall mess...
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diamonds
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Post by diamonds on Jan 25, 2012 21:37:01 GMT -5
The last time I looked the MSNBC poll still had the majority giving his speech an F compared with those who gave it an A. I have to agree though that unfortunately the field of candidates against him give him a good chance for re election. Just wish I felt the country would be better off because of it. It would be very difficult to give him a passing grade on leadership quality or economic understanding during his first term. I took that test too on my MSN homepage and the majority gave him an "F" too. I guess more people are disgruntled than we see on here. Obviously when you give up looking for a job after so long and can't keep up with your basics, it's just plain common sense. Why even bother listening to the same old rhetoric? He is tuned out by many, including myself.
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diamonds
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Post by diamonds on Jan 25, 2012 21:38:56 GMT -5
>>>They DO pay 35% in taxes. The 15% is Capital gains tax. Learn the difference<<<
He wants to raise the Capital Gains to 30%.
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Post by Deleted on Jan 25, 2012 22:19:34 GMT -5
>>>They DO pay 35% in taxes. The 15% is Capital gains tax. Learn the difference<<< He wants to raise the Capital Gains to 30%. When those gain are in excess of $1 million per year.
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henryclay
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Post by henryclay on Jan 25, 2012 22:28:04 GMT -5
Did anyone see visions of General Motors, Solyndra or Eric Holder drift through the room?
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Value Buy
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Post by Value Buy on Jan 25, 2012 22:46:06 GMT -5
I don't think so. Actually he is the one that should apologize....to the American people for wasting so much of our hard-earned money. For Solyndra? It was $535 million. That is less than 0.004% of our national deficit. I'm not saying it doesn't matter, but that is how investments work. Sometimes you make money, sometimes they fail. Sounds a lot like Mitt Romney and his investment firm. Sometimes investments work, sometimes they don't, and yet Mitt is categorized as being a job destroyer, and President Obama a job protector. Go figure. The difference is the President does not want to cut losses on losing businesses, while Businessman Romney knew when to cut the losses. One is a realist, one a politician. I think I know which one should be in the White House.
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