What's It Worth?
and that's in 2010, imagine if he released the full ten years. Swiss bank accounts, Cayaman Islands, wow!
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He paid the same rate on the Cayman investment..didn't avoid that at all. I'd imagine a lot of his blind trust investment comes from his dad's success. It is managed, and he doesn't even know much of his investments, just takes a draw, and his charitable contributions have been LARGE, as in HUUUUUGE. TAKE billionaire John Kerry who became a street bum between wealthy wife marriages that libs were happy with, and the press was happy to not report. Numerous years kerry gave ZERO, as in NOTHING to charity. while a billionaire he gave some years less than several hundred dollars, until he was a candidate, then he gave $43,000. Shows you the value difference between a John Kerry, or a John Edwards, and a Christian like MITT. Then there was Clinton that made $82,000,000 giving speeches, and chasing gals through the peoples house, and that was quite acceptable...a right-wing conspiracy as Hillary said. But let's hope the 15% tax on investment continues to be a major subject, and it will, in this year's campaign. It is the difference between a rat socialist, and a capitalist like Mitt, or Newt. I'd luv to see, front and center, the RAT stand on stage, and present his question to NEWT belittling the 15% tax on investment. I SMILE :)
Rat, he payed as much as the InFernal Revenue Service charged WTF is your problem? If you were rich you would probably do the same.
Not just that, Romney paid 3 million dollars in fed. taxes! And donated another 3 million in charity. If it were liberals going after me because I made that much, and wanted to raise my taxes, the charitable contribution would not be made. Now how much more for state and local taxes did he pay? Twer he rich John Kerry who is a billionaire, not a Romney millionaire, he would have moved his yacht to the state he moved it to, and avoid the taxes on his yacht. I wonder how many folks have a job today because of Mitt? Conservatives have to hope that this subject continues about wanting to raise taxes on successful folks that create the real jobs that so many folks depend on.
That's the whole point Jere, the tax system sucks.
Way too many loopholes and specialized deductions.
Good Lord, Romney's return was over 200 pages long.
According to Ask dot com, the U.S. tax code as of today is 13,458 pages long.
I figure a couple pages oughta do it.
A lot of politicians, like Romney's dad, just go the simple route and pay the full amount for their bracket. Avoiding taxes like this is called a tax dodge, it's perfectly legal and no one minds too much if you are a Wall Street trader, but when you are running for the presidency of the United States, and you make 23 million for doing absolutely nothing, it doesn't look good. And don't tell me about all the jobs he made, the income was from capital gains.
2010 has some weirdness to it, 2011 is yet to be turned in, 2009 and before is where it gets interesting. There might well be some shenanigans before 09 that are in the grey area of legality. Or maybe cross the line.
Hoski,
The burdensome tax code is something we agree on! It is in the shape that it is in because special interests and pet projects of the Congress have amended it time and time again to stimulate this and encourage spending on that since it's inception. It is not a GOP or Democrat proble, it is an American problem that needs fixed. Put all those leeches in the tax preparation business for the common man out of business. Make the rich folks spend money to file their complex taxes. Flat tax for all and get rid of capital gains and taxes on the sale of homes.
WAM,
Amen!
Wam you're part of the problem.
You say we must increase the taxes on the poor. Why? And eliminate taxes on the rich. Doesn't sound ok to me.
Oh, I get it. Only if you can get a special tax break just for you to sell your house.
Will someone tell the Rat that millions of people in this country, especially old people, do the same thing Mitt is doing...they paid taxes on their working money, too many taxes, and as govt grows under liberalism it is hard for them to save...but they do, and take their hard earned money and INVEST IT....they depend on their investments to provide them a rate of return. 15% on TOP of their normal rate they paid taking RISK that they could lose it all at an older age. Under Obama, who wants to raise taxes everywhere he can find them given the tax income is shrinking under his socialist governance there is real reason for older folks especially to be scared...but they pay the same rate as Mitt does...called capitalism! And why does rat hate rich people? Obama has lots, and lots of rich doner friends.
There is no sense in trying to educate the rodent.
WAM,
Perhaps I pulled the trigger a little too quickly.
Are you proposing total elimination of taxation on capital gains and sales tax on property?
WAM would like to eliminate capital gains so that most people in the 1% bracket pay no taxes. He'd also like homeowners who sell their houses for a profit to pay no capital gains. And of course tax the heck out of poor people because they don't pay enough already.
WAM I don't blame you for repeating what you've heard every day on hate radio, but I do blame you for listening to that claptrap. Rush makes multiples of millions per year, he would like to pay no taxes, same with Hannity. Also the people who fund the Republican party are sick of paying millions in taxes, even with the 15% capital gains and Cayman Islands and all that the tax on 100 million is 14 million. Why not pay nothing at all? They dont' need police or fire departments. They don't even need the USA.
The tax code is a joke. It's thousands of pages long. I think you should be able to fill returns on a post card. If you make X amount, pay Y%, if you make Z amount, pay W%, and so on and so forth.
My Father passed and had left me a house and land that sold for $118,000.00. A very modest sum. He had worked all of his life to pay for it and left it to his only child. On this small amount this year I have to pay approx $15,000.00 capitol gains tax to the Feds and $5,000.00 to the state. I think that the tax code needs an overhaul especially in cases like this.
Sarge it sounds to me like you got royally shafted. There was something weird with the sunset of the inheritance tax and capital gains that ocured in 2010/2011. I don't have the energy to research it but during one year there was a tax on estates of over 4 million and the other year none. One year you were only required to pay capital gains on the amount of appreciation from time of death until when you sold, the other year you have to pay capital gains from when originally purchased, that sounds like what happened to you, purchased at 10K or something.
Bush's tax breaks were pushed through using budget reconciliation so they could pass with a simple majority in the senate. To make it fly they had to make the numbers work out as if it would cost nothing, and to do that they made the entire thing expire in ten years. The inheritance tax was part of that whole deal. A mess.
Under the old rules as I remember you don't pay any inheritance tax at all until you reached 400K per recipient. After 400K the tax increased up to 1 million when it maxed at some percent. I know you got shafted, and it seems nutty that there were all those weird things with the tax, but what was happening was very important. People were losing hundreds of millions of dollars, even billions.
Intergenerational wealth is tricky, with careless management great grandkids can be forced to work if the estate is split 20 ways and each inheritor only gets a few tens of millions. Ten or twenty million won't carry many people through. You know for a couple three houses of a mill or ten a piece, Euro vacations, boats, Ivy league schools. It all adds up quickly. I know that to most who read F+S they imagine they would be hard pressed to spend a million, but one gets better at spending money with practice.
I've been hoping someone else would bring up the subject of Bush's tax cuts and mentioning how when enacted, they had definite expiration dates. I've been wondering at what point temporary morphed into permanent?
Rat
As usual, you jump to conclusions. Of course, a flat tax would be graduated based on income level, just get rid of the complex code with loopholes etc. Why should the average American have to pay capital gains tax or a F*&^$%^ sales tax on his home? Probably the only real investment made over time.
And for the record, I don't listen to any of that BS on the radio that you call "hate radio". They are as full of manure as you are. I'm surprised someone hasn't slapped the taste out of your mouth long before now! :-)
Hoski,
No, just elimination of taxes on the sale of primary private residences. Helps out the old folks and stimulates home sales. People who make their living on investments or flipping property should pay their fair share of taxes just like wage earners working at the mill...
WAM
BTW, Rat. I'm not part of the probelm. I'm part of the solution and always have been. I work, defended the country for 22 years, and still pay a load of taxes. Mofos like you sit on their asses and mouth about what's wrong.
Right on WAM!
Good for Romney! I don't care for him much, but I will not begrudge a person smart enough to use current laws and regs to make money.
I wonder how many holier than thou blankety blanks in the same situation spouting garbage would actually say "ohh Mr govt my bad please allow me to give you another 1.2 mil even though I made it legally" Not me!!!!
We could make more money by getting the lazy shirkers sucking down coke and dorritos paid for with food stamps and unemployment to do their fair share( if you have hit hard times and are working your way out please do not take this part to heart).
Even if a person makes $18,000 a year asking them to pay $100-200 is fair and just.
WAM, I believe we have agreed on the elimination of about 13, 450 pages of tax code.
As for capital gains on our personal homes, I guess I could live with your proposal providing the caveats you mentioned, perhaps a limited number of home sale exemptions...like 2/3 times, otherwise I could start to think someone could game the system.
Well boo effen hoo Hoski and the rodent don't like a system that works!
hengst,
Am I to believe you are cheering for folks who can afford to influence our legislators who create specialized tax dodges?
You know the folks who manufacture all those pipes and other drug paraphernalia aren't breaking the law strictly speaking either.
I know, kind of a bad analogy, but you get my point.
Cheering for folks who game the system isn't far away from cheating themselves IMO.
BTW, have you seen the multitudes of folks lining up around the block to fill the few vacant jobs advertised? I wonder if they enjoy a coke and a bag of Doritos occasionally?
Tax $18K? Surely you jest?
The poverty level is just north of $23K per year. That means folks struggle to feed themselves and avoid sleeping under bridges...and you'd tax folks who are working and making less?
Well thanks for the ding Mois...er Jere, I returned the favor.
In what alternate universe do you believe our current tax system is working?
Maybe you've heard about the national debt?
So in your "mind" you think RAISING Taxes is the answer! What a Maroon ! "Bug Bunny is smarter than you & rodent.
It does work for me I pay enough to get pretty good refunds with which I buy GOLD!
Refund? I end up writing a check for approaching the poverty level line most years. I guess I'm paying for Rodent's food stamps, student loan, and health care.
Hoski,
Read what I wrote no need to question it, thats what I say and believe.
As far as the folks standing in line around the block read what is in parenthesis.
Again easy to say negative things when not in the same situation.
Otherwise anybody that uses tax deductions to pay less taxes is doing exactly what Romney and others do, they are just better at it. So as soon as someone proves to me that they do not use dedecutions, writeoffs EIC or anything else they are a hypocrit.
EVERYONE or NONE should pay taxes. How about the people that get more back than pay in?
In case you are wondering, you bet you last dollar I have been broke and low payed with a family in my early 20's I worked thru it.
Anyone that wants uncle sugar to take care of them can get political asylum and move to Germany, they wont miss much same type of govt. as we have now.
Jere,
Reagan raised taxes and the economy benefited. Clinton raised taxes and the economy benefited...one might say the economy was rather rosy after the Clinton years.
I have yet to hear of anyone saying they don't want to be wealthy because they'd just end up paying a bigger chunk in taxes, that's a fallacy you GOP types are pretty good at hyping...but I'm doing what I can to dispel the myth.
BTW, where is all the prosperity we were to gain because of Bush's TEMPORARY tax cuts?
hengst,
I appreciate your line: "Again easy to say negative things when not in the same situation". How apropos.
The issue of the small numbers of folks gaming the system has been discussed here many times...and again I say what you refer to is an enforcement issue...you obviously acknowledge the fact that as a whole, citizens want to work.
hengst,
I appreciate your line: "Again easy to say negative things when not in the same situation". How apropos.
The issue of the small numbers of folks gaming the system has been discussed here many times...and again I say what you refer to is an enforcement issue...you obviously acknowledge the fact that as a whole, citizens want to work.
Dang! puter double tapped me again...here, I'll ding myself.
Getting frustrated Hoski? QUit paying union dues you will feel much better.
Hoski,
We can agree on a few of those points, however I still maintain that every last person in America should pay taxes. If a person is eligible at some point or another to qualify for the social "freebies" then they are eligable to pay taxes.
Again I don't like Romney but this is America. We have an amazing history. What would have happened if we dinged the railroad guys or other enterpeneurs that helped shape the nation. Heck our founding fathers were motivated businessmen that were going broke because of taxes and did something about it.
Nowadays we would call our founding fathers elitist 1%ers, demonstrate against them and do everything to stop progress. Times have changed for the worse.
So more power to all of the rich folks that invest money into businesses and only pay 15% taxes on the earnings, may the earnings be high and their cups full of mead.
I'll continue to work and save and hope that we stop being jealous because others have more than us. I do know that I have a chance one day to pay 15% taxes, why? because this is still America.
Bravo Hengst !
Sorry btw the prosperity we should have gained from the Bush tax cuts was a wash.
Folks had more money and credit. Bought houses they couldn't afford because some socialist thought everyone in America should have a house. Ooops oil went up that extra money went into the tank and higher prices because of the high oil prices. So you have a coice pay the credit card or go to work so the credit cards jacked the interest up. Ohh its ok I can "turn my house over to the bank besides the interest I signed for were unfair"
So houses went to crap. Besides what does a signature mean anymore its the banks fault for high ARM's blah blah blah
We as a people felt entitled and spoiled. That is what happened!
As someome so well stated somewhere Bush isn't the issue.
hengst it was the railroad and steel barrons that created the gilded age and led to the first great Depression, the last time we had such inequality.
WAM when people say "flat tax" I assume that's what they mean. A graduated flat tax is ... gulp,... a progressive tax. I'm not on food stamps yet, I actually make a payroll every two weeks, I pay my taxes and more than match that paid by employees on payroll. We're buds again right?
That is close enough to the very simplified truth rock rat, so I'll agree.(a whole books worth of other crap also involved)
Thank goodness for the inequality, the rich folks were eventually able to help get the wheels going, contributed to the later war effort AND some new rich came out of it.(simplified)
hengst,
I just gotta point out the inaccuracy of your comment about the housing crash being caused by "some socialist thought everyone in America should have a house".
I believe you are making reference to the legislation passed regarding the illegal practice of redlining.
Briefly, redlining was where lending institutions denied housing loans to qualified depositors simply on the basis of which neighborhood they lived in. The legislation which was passed, (which I have linked to previously) contained specific language which required lenders to continue employing their safe lending practices.
Some unscrupulous lenders discovered that "any" and all loans they wrote were federally guaranteed and therefore a no lose proposition. Shortly, the bigger lending institutions likewise followed suit fearing they'd be cut out of a very lucrative market.
As we speak, all 50 State Attorneys General have put aside their political affiliations and banded together to investigate and prosecute the instigators. Recently, The Bank of America along with a few others of the big name lenders have made an offer to settle as long as the above mentioned Attnys General agree to provide immunity for further prosecution. Thankfully, so far the Attrnys General have rejected the puny offer knowing they are just now chipping away at the tip of the iceberg. We may yet see a time when we as citizens get some bailout funds back and see some perp walks as the investigation and prosecution continues.
That is more than most americans pay. Almost half pay nothing. I think the 13.9 is more than 97% of America pays.
Steve your just flat out wrong. Uninformed. You listen to propaganda. You'd be right at home in N Korea. If you've ever earned a pay check you never looked at it.
I have employees. Poorly paid employees. Every single one pays almost 6% and I pay a further 7% on their behalf. Same with every working stiff in the US. Poor people pay at the same rate as Romney before they buy anything, then when they spend every single dollar they pay another 7% around here.
Instead of thinking 13.9 is more than 97% of America why not look it up.
Think first then google then post.
Rat i don't mean what is taken from their check, I mean after tax refunds, credits etc. And i did look it up.
Thanks for the advice though
It must be true (Red Ted Turner's Network said so.)
NEW YORK (CNNMoney) -- After plunging the week before, first-time claims for unemployment benefits ticked up last week.The
Labor Department reported Thursday that 377,000 people filed for
initial unemployment benefits in the week ended Jan. 21, up 21,000 from a
revised reading of 356,000 claims the week before.The slight
bump up is not necessarily a bad sign for the job market. Economists
were expecting to see claims head higher after they dropped
significantly the week before. While the week-to-week data tend to be
volatile, the overall trend continues to show improvement."A
clear increase this week was in the cards," Ian Shepherdson, chief U.S.
economist with High Frequency Economics said in a note to clients. "What
counts, though, is the trend, not individual weekly observations. And
the trend is clearly downward."The four-week moving average,
which smooths out weekly choppiness, is still hovering near its lowest
level since 2008. In general, weekly initial jobless claims below
400,000 are typically seen as a sign that hiring is strengthening.Amid the worst of the recession, unemployment offices around the country were at one point processing as many as 659,000 initial claims per week.That said, the job market is still not fully healed either, and millions of Americans remain on the unemployment rolls.About
3.6 million people filed for their second week of unemployment benefits
or more in the week ended Jan. 14, the most recent data available.
I was going to get involved in these "debates", but I see you fellows really can't have a debate with a few liberal ideologues you banter about topics you debate with. There is clear evidence, for example, what caused the housing debacle. It was the extreme push by the left to have poor people own homes as an entitlement. The redlining issue was a tool to see that it would be a reality. Banks know how to manage risk being in the lending business. Politicians, wanting to play politics do not, and could care less whether they do not. F & Freddie took the risk away from the banks so that it would happen, and the rest in history, as they say. Barnie Franks is on video/audio record, and is retiring rather than face the music at the polls. Dodd/Franks is a liberal regulation on the books that is bringing down small banks by the hundreds, and will continue to bring them down. This will be my last post as there will never be a rightful conclusion to any of your discussions as long as liberals are here to support their failed liberal policies.
Jere, that is very open minded and generous of you to be posting quotes contradicting your usual line of argument. Thanks. Now, in reference to the question of taxes... Of course we need to raise taxes. Our nation must raise more revenue to pay for our national debts. We must pay for health care, feed and clothe those in need, educate our children, etc. It only makes sense to raise more revenue as is logical in any family. In the USA the top 1% controls 40% of the wealth, so should carry 40% of the tax burden. We need more revenue. Tax the rich, and tax us all fairly, according to what we can pay.
I pay more in taxes than anyone I know in this little town I am in.
I don't need to pay anymore, that's why I am buying gold instead of selling it.
Have you died also. What do you mean that you have no more responsibility for the shared well being of your community? I don't think our responsibilities lapse just because we get old and selfish.
clinchknot,
As I advised on another thread, do a little research before posting your parrot squawks.
I have repeatedly posted the specific language enclosed in the legislation concerning red lining and the resulting housing debacle.
No congressmen made any loans nor "forced" anybody else to either.
Scrool up a few posts and read mine concerning this subject.
Stay tuned, we may yet see some crooks prosecuted over this mess...and it'll be lenders who ignored the specific language I reference.
hengst,
I noticed a few posts up you make reference to somebody being jealous of wealth.
Nobody posting here has made any reference that brings up jealousy or envy...just merely pointing out unfairness in our tax code.
Why do you GOP types have to resort to tweaking the issues?
Like: class warfare, Govt take over, restoring tax rates comes out raising everyone's taxes, legislation rammed through, and on and on.
Can't you just have a debate without changing definitions?
DAN what I said is that I pay more taxes than 90 % of the people in this town, some of which are far richer than I. I refuse to sell any gold because I will be taxed at a very high rate if I do, I don't need or want to sell it, my son bless his heart is panting to have it, and it will be gone just as fast as he can spend it, which will be about 1/50th the time is took me to buy it. Maybe a year if he's lucky, because he is not that smart about money.
Hoski,
Looks like you just did what you accused me of, pot meet kettle.
I never said you or anyone on this board were jealous but jealousy in Americas as whole is a part of the issue.
BTW no GOP for me I just like freedom and and not communism.
I will however call it what it is redistribution of wealth and tax warfare and a rose by any other name is still a rose.
Jere, I apologize for going over the line and suggesting you lacked community spirit.
Sorry Hoski forgot to add,
The housing issue. This might sound bad and I hate to do this in the spirit of a debate :) but...I think both of us are a little right on the issue.
There was more to it than I stated, you stated it, and there was more of what I stated than what you stated....so we are both a little right....make sense?
Here's the deal on taxing the rich, and it is nothing more than class warfare. There are something like 8,700 folks in this country that make over 10,000,000 a year. There total income comes to something like 240,000,000,000 dollars. If the govt took all of their income it would run the govt for 18 days. 24 days without paying the interest on the borrowed money. So let's say 18 days. The solution is to cut spending not divert attention to the rich as not paying their fair share.
That's right Mr. Knots. We on the left want to capture all the wealthiest Americans and squeeze every last cent out of them. You have seen through the smoke screen and recognized the truth. Now, I guess we'll have to go to plan B, have all people making over $1 million per year pay no less than a 30% tax rate. According to an article by Michelle Hirsch published today in the Fiscal Times:
"According to the most recent 2009 data from the IRS, the 236,883 richest American households with income over $1 million and adjustable gross income (AGI) of $727 billion, paid an average 24 percent effective tax rate. If they had paid an average effective tax rate of 30 percent, as Obama is proposing, they would have paid about $218.1 billion in taxes that year, instead of $177.5 billion. That difference is a net gain of $40.6 billion in revenue."
That's right Mr. Knots. We on the left want to capture all the wealthiest Americans and squeeze every last cent out of them. You have seen through the smoke screen and recognized the truth. Now, I guess we'll have to go to plan B, have all people making over $1 million per year pay no less than a 30% tax rate. According to an article by Michelle Hirsch published today in the Fiscal Times:
"According to the most recent 2009 data from the IRS, the 236,883 richest American households with income over $1 million and adjustable gross income (AGI) of $727 billion, paid an average 24 percent effective tax rate. If they had paid an average effective tax rate of 30 percent, as Obama is proposing, they would have paid about $218.1 billion in taxes that year, instead of $177.5 billion. That difference is a net gain of $40.6 billion in revenue."
$40.6 billion is a drop in the bucket when you are borrowing in the trillions.
Here's the problem with liberal Dakota, and the Harvard economists that work this thing out on paper to buy votes. You unfairly tax the successful many of them are small business folks. They lay off workers that need jobs. Those that are not business folks pull their money out of the country. Money that always gets circulated to those that need loans for example. Money does not get buried out in the backyard, it is always circulated. And should these people do that? Sure they should. It is their money!! Govt competes with the private sector for investment dollars, and govt pours it down a rathole. Just recently, another green energy co. went belly up, INER 1 costing the tax payer millions: another Solyndra. Govt should not be running businesses. Liberals never get the revenue they figure they would get by raising taxes as our brilliant Dakota fellow has done. Taxes are regressive. The best plan for getting more money out of rich people is what the GOP wants to do, and that is close a bunch of loopholes. Democrats, for political reasons, do not want to do that.
from hengst wrote 1 day 12 hours ago,
Hoski,
We can agree .....
I'll continue to work and save and hope that we stop being jealous because others have more than us. I do know that I have a chance one day to pay 15% taxes, why? because this is still America.....
Further, in the same post you referenced why our founders chose to go to war as because they wee going broke.
The history I learned was, we fought for independence over taxation without representation.
Simply stated, nobody complained much over the taxes, (anymore than we all do today) they didn't like being taxed while not having a voice in govt.
clinchknot,
When you speak of taxes you should reference our recent history before declaring your view as gospel.
First off, the immediate tax issue being discussed is a RETURN to tax levels just 10 or so short years ago. Perhaps you'll recall that Bush's tax cuts of 2001-2003 were established as tempory in nature...as in having an experation date.
Secondly, as recently as 20-30 years ago our nation taxed our higher earners at rates much much higher, like 40%-50%-60% and higher...and nobody then complained much about being wealthy because they were paying a progressive tax.
In simple terms, I have yet to meet anybody who declines being wealthy because they'd just end up having to pay more in taxes.
The term "class warfare" is an invented term used by one political party that typically employs inflammatory tactics
Oh, but the wealthy do decline. A number of wealthy lawyers, for example, take the last half of a year off just because they reach a certain bracket where it isn't worth working. And then those subordinates can be adversely effected. There are many in that category. Liberals always think that people work at their jobs just because they like their job, and do what they do regardless of the increased taxation. Increased taxation is regressive. Bush's tax cuts only got passed because liberals insisted they be temporary. They should be made permanent. Liberals also insisted that Corporations not be given a tax break, and now we are the highest taxed corporation country in the world, and losing market share because of it. High taxation, and bigger and bigger fed govt reduces the private sector, and results in very high debt. So what do liberals do? Look for more taxation wherever they can find it rather than reducing the size of govt, and their influence on personal freedoms, and our lives. Why won't liberals look at Europe, and what has happened? Europe is threatening the global economy. It isn't that hard to make the correlation. And our lack of consumer dollars that supports the world economies is threatening the global economy. All because Big Govt wants to control the money rather than the consumer controlling the money, and they use it to stay in power. And what do we get? The Chevy Volt. I can't wait to buy one of those.
Dakota Thanks (I think) for the kind words on my civic duty?
clinchknot,
Very few if any new business take into account the tax rate as to where they propose to establish their business. They look at availability of raw materials, educated work force, availability of utilities, transportation networks and so forth.
If what you say were true, Ireland and other nations would've been paved over long ago.
OH, Really? Take your liberal guru, Warren Buffet who is playing politics with taxes saying the rich need to pay more, and that his secretary pays a higher rate than he does. A lie of course, but he sets up his insurance companies in states where he avoids taxes. Texas, and the job growth Rick Perry touted as his success, and the jobs created in Texas? Lots of them were California businesses that fled the state, and are still fleeing the state avoiding California's burdensome taxes, and moving to the more favorable business climate of Texas.
A Lie?!?
Geez you drank the whole pitcher didn't you?
Honest to goodness, you are new here. As proof you cheer Texas' job growth. Check the state and Fed statistics. Texas has the largest number of working poor in the nation, highest number of uninsured, lowest average wage and on and on.
Year in and year out Texas runs a $10 billion dollar state budget deficit that ol Rick is too happy to make up for in Fed dollars.
hoski,
The facts are, and Perry took advantage of the great increase and prosperity in Texas job growth, and debt reduction. A lot of it was they were the recipient of lots of co. that have fled California because of taxation, and over regulation. Want to brag a little about the economic situation in California? Practicing avoidance is merely waving the white flag. Texas does have an illegal immigration problem you do know I hope. And California has one also, and a lot of it due to the fact they welcomed them across the border.
Mr. Tiedupinknots will never admit that the republican ideal is an economy that has no unions, no minimum wage, with the majority of workers making just enough to get by, shopping at Wal-Mart, Dollar stores, and yard sales.
Bravo DD!
Dakota. Dim on Econ 101 like all the other libs I see. What does minimum wage do for anyone? It reduces initially, job opportunities for those to get into the job market. Then it just raises the wages of everyone else, and inflates the price of goods. It's the bottom of the totum pole regardless of what the wage is. Create lots of jobs that conservatives have the handle on, and then employers have to compete for decent labor, and the wage goes up, not govt creating the wage. Your side of the isle KILLS job creation. On lib acts stupid, and another lib says Bravo! Two dimbulbs make an intelligent thought?
Looks like Sayfu is runnin the lunch line again for hoski and Dan. Come and get it boys, Sayfu has your soup all heated up. You're going to have to butter your bread yourselves. Sayfu, he shoots...he scores!!!
Still at it? You've used the "Sayfu shoots, he scores" line as Sayfu before, you dolt. And on your other thread post "I know next to nothing about computers" is akin to the "if the glove does not fit, you must acquit" defense. You were able to start one F&S account, why wouldn't you be able to start another? You claim to be brilliant one day, then own up to being a C student the next. Please don't be an (Anthony)Wiener and continue to stick around well past the time to 'fess up and bow out. Seriously, log off, give it a rest for two years, and then come back with a new handle and start over. Need suggestions for a new screen name? How 'bout "Nutless&Gutless" or "NancyBoy"? I know some will want to keep you around for the comedic effect you and your rant supplies, but having to create a doppleganger to try to validate your wackness is reproachful. I mean really, you already had the anonymity the internet provides and that wasn't enough for you. I'm sure you'll stick around doggedly though, because you fancy yourself a gamer, hangin' in there till the end, gettin' your azz kicked all the way. That, and the fact that this is the only venue for the garbage you post, 'cuz no one else is listening to you. Good-bye, Fu/clinch.
I use Safu lines because I read his incredible accounts of what has transpired, and the needed solutions. And his points about Econ 101 that none of you libs even want to go there either because you are totally ignorant, or your religion of liberalism is destroyed by the concept is well apparent. You seem upset that Safu didn't put you in his lunch line. That "shoots he scores!" is my line, not Safu's. And can folks really post will several aliases?
Sayfullah, please don't leave, you make me smile once again with your foolishness! This is very amusing and the sockpuppet tag fits! :-)
ECON 101 once again! This is too good!!!
You libs still avoiding the big issues, and going after another poster now, Mr. Knot? Way to funny! Pig...Runnin hounds will not get you a degree in Econ 101. Get rid of the hounds, man-up, and read that 8th grade Econ 101 book that you neglected to read when in school. And Mr. Knot. You are right on. I like your "shoots he scores!" line."
YEAH clinchknot! Say it! SAAYYY ITTT!! ECON 101!! Whew, that feels better, doesn't it. You been sitting on that one a while, haven't you clinc, er, Safu. Read that last line he posted. He's lost it. Now he's talking to himself on the message boards. I used to think the meds he refered to were for his enlarged prostate and high blood pressure, but I'm now confident that they are psych meds he's taking.
My GAWD backcast. Do you lose it on the river the same way? Guess that's why I carry a cellphone when on the river. You need to take a deep breath, and calm down. It's evident liberals run their lives making decisions based on emotion, but you've gone over the edge.
Backcast, I fear your diagnosis is correct...and he isn't taking enough of them.
???This getting way off point here, but why, exactly do you carry a cellphone when on the river? The teachers who rubberstamped your report cards and passed you through school despite your obvious difficulties did you a great disservice. If someone had critiqued your work you might have turned out to be a productive member of society. And a quick tip: don't slip up and use GAWD in one of your "clinchknot" posts!
P.S. Hoski, I think Fu/clinch might have a little bro crush on me, much like Bubba has on you.
This is just too funny! You can't make this stuff up if you tried! LMAO
Sayfu, it might be time to move up to the Econ 201, 301, or 401 book. My Econ 101 books were about simplistic environments, such as 2 islands producing 2 different goods wanting to trade with each other. The real world is much more complicated.
Not really. Basics work just fine. Read, or get the gist of the CBO report just out. Very easy to understand what they say about the economy. Next year, after the elections our economy will grow at a 1% rate accourding to the feds own budget office. That is catastrophic, and understandable for those that barely can understand commonsense economics, 101. The debt will increase another trillion dollars!...and 3 trillion over the this decade...catastrophic as well. Reason?..one major one is the effect the huge tax on business ObamaCare will cause. The Heritage Foundation just gave their report, and it stated that all the govt spending in the world can NOT stimulate the real economy, the private sector. They said it actually works in reverse! DUH! Then why did Obama spend the trillion dollar stimulus?..then later laugh, and say "Gee, guess the shovels weren't ready!" real funny BO. All of this Sayfu told you many moons ago. And you still don't get it. And the scary part is Obama wasn't ignorant, or stupid. The left accomplished what they intended.
pb, don't expect the Fu to challenge himself too much, he's admitted he was a middling student who got by by cheating off others. If it ain't on Fox, Fu ain't gonna absorb it. Where's clinchknot? Haven't seen him around, cheering for "Safu".
backcast- BOOOOOOOO! scared you didn't I ! Safu has turned you into a basket case! Call the guys in the white coats! When you get the facts for Fox you're supposed to balanced them out with liberal BS from CNN, or ABC? That's called a well rounded individual to you? Called a lock step liberal wonk to me. One guy lies, and all the other liberals swear by it. And Safu, looking forward to going fly fishing with you this Summer! I'm not any better than backcast at it, but I won't have to be baby sit.
backcast,
Agreed.
Warning! Anyone who has no interest in clinchFu and myself's love/hate relationship, venture no further. That's it clinchFu! Keep workin' it, though no one is buying your "we are two seperate people" ploy. clinch exhibits the same Safu syntax, and writing style, of his would-be mentor. unable to conjugate verbs. Mispeled words, creative punctuation, and Improper capitalization and run-on sentences and sentence fragments that are all a hallmark of fu's inability to write in his native language, that shows that Fu was quite LIBERAL in applying his aversion to being taught during his formal edjucashun. Or didn't have the ability. GAWD!! Keeps lying, and trying, to make us believe someone else is in his corner. Freely admits, and is proud, that he is not, or has no interest in being, a well rounded Individual. Happy under the Fox Big Tent. Would throw April Volkey over for a date with Neil Cavuto. Claims to be a teapartier, but loves big WA insiders and career politicos. Doesn't pass the smell test. Both of 'em do it something like that. If ignorance is truly bliss, clinchFu is the happiest girl in the whole USA. Close your "Economics for Dummies" book and turn off Fox News. Your dignity and credibility need tending to.
hoski..Please quit providing newbies fishing tips will you!! I've never read such bad advice, one after another! You must do your fishing on this internet, then dream about being on the water. Incredible the ignorance regarding methods of fishing you provide! And I am serious. It is almost as if you are providing bad info intentionally.
Backcast. Please! The guys in the white coats are coming knockin! Mispeled words? Mr Knot has been more than kind to your ignorance. I think it is truly funny. The real backcast has been forced to stand up. very funny!
Hoski,
It's time to do some winter steelhead fishing and leave the butthead politics to the energetic!
WAM,
Fairly well known stream right in the middle of steelhead alley just outside my back door. Ice broke from the warm weather recently and when conditions permit you can bet I'm on the water!
Heck I'm so close I don't even bother driven!
hoski.
You're too damn old to drive, and your eye sight is too bad to drive. You sure that's water you see? And those fish with the round mouth on the bottom of their face that you catch are not steelhead!
Snafu is too busy catching wrinkled-neck scupper trout....
Scupper trout defined:
http://www.urbandictionary.com/define.php?term=Scupper%20Trout
Too funny!
I propose a new handle for our new literary whit?whits, how about "knotfu"?
Post a Reply
Sayfu, it might be time to move up to the Econ 201, 301, or 401 book. My Econ 101 books were about simplistic environments, such as 2 islands producing 2 different goods wanting to trade with each other. The real world is much more complicated.
That's the whole point Jere, the tax system sucks.
Way too many loopholes and specialized deductions.
Good Lord, Romney's return was over 200 pages long.
According to Ask dot com, the U.S. tax code as of today is 13,458 pages long.
I figure a couple pages oughta do it.
Steve your just flat out wrong. Uninformed. You listen to propaganda. You'd be right at home in N Korea. If you've ever earned a pay check you never looked at it.
I have employees. Poorly paid employees. Every single one pays almost 6% and I pay a further 7% on their behalf. Same with every working stiff in the US. Poor people pay at the same rate as Romney before they buy anything, then when they spend every single dollar they pay another 7% around here.
Instead of thinking 13.9 is more than 97% of America why not look it up.
Think first then google then post.
Still at it? You've used the "Sayfu shoots, he scores" line as Sayfu before, you dolt. And on your other thread post "I know next to nothing about computers" is akin to the "if the glove does not fit, you must acquit" defense. You were able to start one F&S account, why wouldn't you be able to start another? You claim to be brilliant one day, then own up to being a C student the next. Please don't be an (Anthony)Wiener and continue to stick around well past the time to 'fess up and bow out. Seriously, log off, give it a rest for two years, and then come back with a new handle and start over. Need suggestions for a new screen name? How 'bout "Nutless&Gutless" or "NancyBoy"? I know some will want to keep you around for the comedic effect you and your rant supplies, but having to create a doppleganger to try to validate your wackness is reproachful. I mean really, you already had the anonymity the internet provides and that wasn't enough for you. I'm sure you'll stick around doggedly though, because you fancy yourself a gamer, hangin' in there till the end, gettin' your azz kicked all the way. That, and the fact that this is the only venue for the garbage you post, 'cuz no one else is listening to you. Good-bye, Fu/clinch.
WAM,
Perhaps I pulled the trigger a little too quickly.
Are you proposing total elimination of taxation on capital gains and sales tax on property?
Rat
As usual, you jump to conclusions. Of course, a flat tax would be graduated based on income level, just get rid of the complex code with loopholes etc. Why should the average American have to pay capital gains tax or a F*&^$%^ sales tax on his home? Probably the only real investment made over time.
And for the record, I don't listen to any of that BS on the radio that you call "hate radio". They are as full of manure as you are. I'm surprised someone hasn't slapped the taste out of your mouth long before now! :-)
Hoski,
No, just elimination of taxes on the sale of primary private residences. Helps out the old folks and stimulates home sales. People who make their living on investments or flipping property should pay their fair share of taxes just like wage earners working at the mill...
WAM
BTW, Rat. I'm not part of the probelm. I'm part of the solution and always have been. I work, defended the country for 22 years, and still pay a load of taxes. Mofos like you sit on their asses and mouth about what's wrong.
Right on WAM!
Good for Romney! I don't care for him much, but I will not begrudge a person smart enough to use current laws and regs to make money.
I wonder how many holier than thou blankety blanks in the same situation spouting garbage would actually say "ohh Mr govt my bad please allow me to give you another 1.2 mil even though I made it legally" Not me!!!!
We could make more money by getting the lazy shirkers sucking down coke and dorritos paid for with food stamps and unemployment to do their fair share( if you have hit hard times and are working your way out please do not take this part to heart).
Even if a person makes $18,000 a year asking them to pay $100-200 is fair and just.
WAM, I believe we have agreed on the elimination of about 13, 450 pages of tax code.
As for capital gains on our personal homes, I guess I could live with your proposal providing the caveats you mentioned, perhaps a limited number of home sale exemptions...like 2/3 times, otherwise I could start to think someone could game the system.
hengst,
Am I to believe you are cheering for folks who can afford to influence our legislators who create specialized tax dodges?
You know the folks who manufacture all those pipes and other drug paraphernalia aren't breaking the law strictly speaking either.
I know, kind of a bad analogy, but you get my point.
Cheering for folks who game the system isn't far away from cheating themselves IMO.
BTW, have you seen the multitudes of folks lining up around the block to fill the few vacant jobs advertised? I wonder if they enjoy a coke and a bag of Doritos occasionally?
Tax $18K? Surely you jest?
The poverty level is just north of $23K per year. That means folks struggle to feed themselves and avoid sleeping under bridges...and you'd tax folks who are working and making less?
Well thanks for the ding Mois...er Jere, I returned the favor.
In what alternate universe do you believe our current tax system is working?
Maybe you've heard about the national debt?
That is more than most americans pay. Almost half pay nothing. I think the 13.9 is more than 97% of America pays.
Rat i don't mean what is taken from their check, I mean after tax refunds, credits etc. And i did look it up.
Thanks for the advice though
Jere, that is very open minded and generous of you to be posting quotes contradicting your usual line of argument. Thanks. Now, in reference to the question of taxes... Of course we need to raise taxes. Our nation must raise more revenue to pay for our national debts. We must pay for health care, feed and clothe those in need, educate our children, etc. It only makes sense to raise more revenue as is logical in any family. In the USA the top 1% controls 40% of the wealth, so should carry 40% of the tax burden. We need more revenue. Tax the rich, and tax us all fairly, according to what we can pay.
Sorry Hoski forgot to add,
The housing issue. This might sound bad and I hate to do this in the spirit of a debate :) but...I think both of us are a little right on the issue.
There was more to it than I stated, you stated it, and there was more of what I stated than what you stated....so we are both a little right....make sense?
from hengst wrote 1 day 12 hours ago,
Hoski,
We can agree .....
I'll continue to work and save and hope that we stop being jealous because others have more than us. I do know that I have a chance one day to pay 15% taxes, why? because this is still America.....
Further, in the same post you referenced why our founders chose to go to war as because they wee going broke.
The history I learned was, we fought for independence over taxation without representation.
Simply stated, nobody complained much over the taxes, (anymore than we all do today) they didn't like being taxed while not having a voice in govt.
clinchknot,
Very few if any new business take into account the tax rate as to where they propose to establish their business. They look at availability of raw materials, educated work force, availability of utilities, transportation networks and so forth.
If what you say were true, Ireland and other nations would've been paved over long ago.
Sayfullah, please don't leave, you make me smile once again with your foolishness! This is very amusing and the sockpuppet tag fits! :-)
ECON 101 once again! This is too good!!!
YEAH clinchknot! Say it! SAAYYY ITTT!! ECON 101!! Whew, that feels better, doesn't it. You been sitting on that one a while, haven't you clinc, er, Safu. Read that last line he posted. He's lost it. Now he's talking to himself on the message boards. I used to think the meds he refered to were for his enlarged prostate and high blood pressure, but I'm now confident that they are psych meds he's taking.
P.S. Hoski, I think Fu/clinch might have a little bro crush on me, much like Bubba has on you.
pb, don't expect the Fu to challenge himself too much, he's admitted he was a middling student who got by by cheating off others. If it ain't on Fox, Fu ain't gonna absorb it. Where's clinchknot? Haven't seen him around, cheering for "Safu".
Warning! Anyone who has no interest in clinchFu and myself's love/hate relationship, venture no further. That's it clinchFu! Keep workin' it, though no one is buying your "we are two seperate people" ploy. clinch exhibits the same Safu syntax, and writing style, of his would-be mentor. unable to conjugate verbs. Mispeled words, creative punctuation, and Improper capitalization and run-on sentences and sentence fragments that are all a hallmark of fu's inability to write in his native language, that shows that Fu was quite LIBERAL in applying his aversion to being taught during his formal edjucashun. Or didn't have the ability. GAWD!! Keeps lying, and trying, to make us believe someone else is in his corner. Freely admits, and is proud, that he is not, or has no interest in being, a well rounded Individual. Happy under the Fox Big Tent. Would throw April Volkey over for a date with Neil Cavuto. Claims to be a teapartier, but loves big WA insiders and career politicos. Doesn't pass the smell test. Both of 'em do it something like that. If ignorance is truly bliss, clinchFu is the happiest girl in the whole USA. Close your "Economics for Dummies" book and turn off Fox News. Your dignity and credibility need tending to.
Hoski,
The burdensome tax code is something we agree on! It is in the shape that it is in because special interests and pet projects of the Congress have amended it time and time again to stimulate this and encourage spending on that since it's inception. It is not a GOP or Democrat proble, it is an American problem that needs fixed. Put all those leeches in the tax preparation business for the common man out of business. Make the rich folks spend money to file their complex taxes. Flat tax for all and get rid of capital gains and taxes on the sale of homes.
WAM,
Amen!
My Father passed and had left me a house and land that sold for $118,000.00. A very modest sum. He had worked all of his life to pay for it and left it to his only child. On this small amount this year I have to pay approx $15,000.00 capitol gains tax to the Feds and $5,000.00 to the state. I think that the tax code needs an overhaul especially in cases like this.
Sarge it sounds to me like you got royally shafted. There was something weird with the sunset of the inheritance tax and capital gains that ocured in 2010/2011. I don't have the energy to research it but during one year there was a tax on estates of over 4 million and the other year none. One year you were only required to pay capital gains on the amount of appreciation from time of death until when you sold, the other year you have to pay capital gains from when originally purchased, that sounds like what happened to you, purchased at 10K or something.
Bush's tax breaks were pushed through using budget reconciliation so they could pass with a simple majority in the senate. To make it fly they had to make the numbers work out as if it would cost nothing, and to do that they made the entire thing expire in ten years. The inheritance tax was part of that whole deal. A mess.
Under the old rules as I remember you don't pay any inheritance tax at all until you reached 400K per recipient. After 400K the tax increased up to 1 million when it maxed at some percent. I know you got shafted, and it seems nutty that there were all those weird things with the tax, but what was happening was very important. People were losing hundreds of millions of dollars, even billions.
Intergenerational wealth is tricky, with careless management great grandkids can be forced to work if the estate is split 20 ways and each inheritor only gets a few tens of millions. Ten or twenty million won't carry many people through. You know for a couple three houses of a mill or ten a piece, Euro vacations, boats, Ivy league schools. It all adds up quickly. I know that to most who read F+S they imagine they would be hard pressed to spend a million, but one gets better at spending money with practice.
Refund? I end up writing a check for approaching the poverty level line most years. I guess I'm paying for Rodent's food stamps, student loan, and health care.
Getting frustrated Hoski? QUit paying union dues you will feel much better.
Hoski,
We can agree on a few of those points, however I still maintain that every last person in America should pay taxes. If a person is eligible at some point or another to qualify for the social "freebies" then they are eligable to pay taxes.
Again I don't like Romney but this is America. We have an amazing history. What would have happened if we dinged the railroad guys or other enterpeneurs that helped shape the nation. Heck our founding fathers were motivated businessmen that were going broke because of taxes and did something about it.
Nowadays we would call our founding fathers elitist 1%ers, demonstrate against them and do everything to stop progress. Times have changed for the worse.
So more power to all of the rich folks that invest money into businesses and only pay 15% taxes on the earnings, may the earnings be high and their cups full of mead.
I'll continue to work and save and hope that we stop being jealous because others have more than us. I do know that I have a chance one day to pay 15% taxes, why? because this is still America.
Bravo Hengst !
Sorry btw the prosperity we should have gained from the Bush tax cuts was a wash.
Folks had more money and credit. Bought houses they couldn't afford because some socialist thought everyone in America should have a house. Ooops oil went up that extra money went into the tank and higher prices because of the high oil prices. So you have a coice pay the credit card or go to work so the credit cards jacked the interest up. Ohh its ok I can "turn my house over to the bank besides the interest I signed for were unfair"
So houses went to crap. Besides what does a signature mean anymore its the banks fault for high ARM's blah blah blah
We as a people felt entitled and spoiled. That is what happened!
As someome so well stated somewhere Bush isn't the issue.
That is close enough to the very simplified truth rock rat, so I'll agree.(a whole books worth of other crap also involved)
Thank goodness for the inequality, the rich folks were eventually able to help get the wheels going, contributed to the later war effort AND some new rich came out of it.(simplified)
It must be true (Red Ted Turner's Network said so.)
NEW YORK (CNNMoney) -- After plunging the week before, first-time claims for unemployment benefits ticked up last week.The
Labor Department reported Thursday that 377,000 people filed for
initial unemployment benefits in the week ended Jan. 21, up 21,000 from a
revised reading of 356,000 claims the week before.The slight
bump up is not necessarily a bad sign for the job market. Economists
were expecting to see claims head higher after they dropped
significantly the week before. While the week-to-week data tend to be
volatile, the overall trend continues to show improvement."A
clear increase this week was in the cards," Ian Shepherdson, chief U.S.
economist with High Frequency Economics said in a note to clients. "What
counts, though, is the trend, not individual weekly observations. And
the trend is clearly downward."The four-week moving average,
which smooths out weekly choppiness, is still hovering near its lowest
level since 2008. In general, weekly initial jobless claims below
400,000 are typically seen as a sign that hiring is strengthening.Amid the worst of the recession, unemployment offices around the country were at one point processing as many as 659,000 initial claims per week.That said, the job market is still not fully healed either, and millions of Americans remain on the unemployment rolls.About
3.6 million people filed for their second week of unemployment benefits
or more in the week ended Jan. 14, the most recent data available.
I was going to get involved in these "debates", but I see you fellows really can't have a debate with a few liberal ideologues you banter about topics you debate with. There is clear evidence, for example, what caused the housing debacle. It was the extreme push by the left to have poor people own homes as an entitlement. The redlining issue was a tool to see that it would be a reality. Banks know how to manage risk being in the lending business. Politicians, wanting to play politics do not, and could care less whether they do not. F & Freddie took the risk away from the banks so that it would happen, and the rest in history, as they say. Barnie Franks is on video/audio record, and is retiring rather than face the music at the polls. Dodd/Franks is a liberal regulation on the books that is bringing down small banks by the hundreds, and will continue to bring them down. This will be my last post as there will never be a rightful conclusion to any of your discussions as long as liberals are here to support their failed liberal policies.
I pay more in taxes than anyone I know in this little town I am in.
I don't need to pay anymore, that's why I am buying gold instead of selling it.
Hoski,
Looks like you just did what you accused me of, pot meet kettle.
I never said you or anyone on this board were jealous but jealousy in Americas as whole is a part of the issue.
BTW no GOP for me I just like freedom and and not communism.
I will however call it what it is redistribution of wealth and tax warfare and a rose by any other name is still a rose.
Jere, I apologize for going over the line and suggesting you lacked community spirit.
$40.6 billion is a drop in the bucket when you are borrowing in the trillions.
Dakota Thanks (I think) for the kind words on my civic duty?
A Lie?!?
Geez you drank the whole pitcher didn't you?
Honest to goodness, you are new here. As proof you cheer Texas' job growth. Check the state and Fed statistics. Texas has the largest number of working poor in the nation, highest number of uninsured, lowest average wage and on and on.
Year in and year out Texas runs a $10 billion dollar state budget deficit that ol Rick is too happy to make up for in Fed dollars.
hoski,
The facts are, and Perry took advantage of the great increase and prosperity in Texas job growth, and debt reduction. A lot of it was they were the recipient of lots of co. that have fled California because of taxation, and over regulation. Want to brag a little about the economic situation in California? Practicing avoidance is merely waving the white flag. Texas does have an illegal immigration problem you do know I hope. And California has one also, and a lot of it due to the fact they welcomed them across the border.
Mr. Tiedupinknots will never admit that the republican ideal is an economy that has no unions, no minimum wage, with the majority of workers making just enough to get by, shopping at Wal-Mart, Dollar stores, and yard sales.
Backcast, I fear your diagnosis is correct...and he isn't taking enough of them.
???This getting way off point here, but why, exactly do you carry a cellphone when on the river? The teachers who rubberstamped your report cards and passed you through school despite your obvious difficulties did you a great disservice. If someone had critiqued your work you might have turned out to be a productive member of society. And a quick tip: don't slip up and use GAWD in one of your "clinchknot" posts!
This is just too funny! You can't make this stuff up if you tried! LMAO
backcast,
Agreed.
Hoski,
It's time to do some winter steelhead fishing and leave the butthead politics to the energetic!
Snafu is too busy catching wrinkled-neck scupper trout....
Scupper trout defined:
http://www.urbandictionary.com/define.php?term=Scupper%20Trout
He paid the same rate on the Cayman investment..didn't avoid that at all. I'd imagine a lot of his blind trust investment comes from his dad's success. It is managed, and he doesn't even know much of his investments, just takes a draw, and his charitable contributions have been LARGE, as in HUUUUUGE. TAKE billionaire John Kerry who became a street bum between wealthy wife marriages that libs were happy with, and the press was happy to not report. Numerous years kerry gave ZERO, as in NOTHING to charity. while a billionaire he gave some years less than several hundred dollars, until he was a candidate, then he gave $43,000. Shows you the value difference between a John Kerry, or a John Edwards, and a Christian like MITT. Then there was Clinton that made $82,000,000 giving speeches, and chasing gals through the peoples house, and that was quite acceptable...a right-wing conspiracy as Hillary said. But let's hope the 15% tax on investment continues to be a major subject, and it will, in this year's campaign. It is the difference between a rat socialist, and a capitalist like Mitt, or Newt. I'd luv to see, front and center, the RAT stand on stage, and present his question to NEWT belittling the 15% tax on investment. I SMILE :)
Not just that, Romney paid 3 million dollars in fed. taxes! And donated another 3 million in charity. If it were liberals going after me because I made that much, and wanted to raise my taxes, the charitable contribution would not be made. Now how much more for state and local taxes did he pay? Twer he rich John Kerry who is a billionaire, not a Romney millionaire, he would have moved his yacht to the state he moved it to, and avoid the taxes on his yacht. I wonder how many folks have a job today because of Mitt? Conservatives have to hope that this subject continues about wanting to raise taxes on successful folks that create the real jobs that so many folks depend on.
A lot of politicians, like Romney's dad, just go the simple route and pay the full amount for their bracket. Avoiding taxes like this is called a tax dodge, it's perfectly legal and no one minds too much if you are a Wall Street trader, but when you are running for the presidency of the United States, and you make 23 million for doing absolutely nothing, it doesn't look good. And don't tell me about all the jobs he made, the income was from capital gains.
2010 has some weirdness to it, 2011 is yet to be turned in, 2009 and before is where it gets interesting. There might well be some shenanigans before 09 that are in the grey area of legality. Or maybe cross the line.
Will someone tell the Rat that millions of people in this country, especially old people, do the same thing Mitt is doing...they paid taxes on their working money, too many taxes, and as govt grows under liberalism it is hard for them to save...but they do, and take their hard earned money and INVEST IT....they depend on their investments to provide them a rate of return. 15% on TOP of their normal rate they paid taking RISK that they could lose it all at an older age. Under Obama, who wants to raise taxes everywhere he can find them given the tax income is shrinking under his socialist governance there is real reason for older folks especially to be scared...but they pay the same rate as Mitt does...called capitalism! And why does rat hate rich people? Obama has lots, and lots of rich doner friends.
The tax code is a joke. It's thousands of pages long. I think you should be able to fill returns on a post card. If you make X amount, pay Y%, if you make Z amount, pay W%, and so on and so forth.
It does work for me I pay enough to get pretty good refunds with which I buy GOLD!
Hoski,
Read what I wrote no need to question it, thats what I say and believe.
As far as the folks standing in line around the block read what is in parenthesis.
Again easy to say negative things when not in the same situation.
Otherwise anybody that uses tax deductions to pay less taxes is doing exactly what Romney and others do, they are just better at it. So as soon as someone proves to me that they do not use dedecutions, writeoffs EIC or anything else they are a hypocrit.
EVERYONE or NONE should pay taxes. How about the people that get more back than pay in?
In case you are wondering, you bet you last dollar I have been broke and low payed with a family in my early 20's I worked thru it.
Anyone that wants uncle sugar to take care of them can get political asylum and move to Germany, they wont miss much same type of govt. as we have now.
Jere,
Reagan raised taxes and the economy benefited. Clinton raised taxes and the economy benefited...one might say the economy was rather rosy after the Clinton years.
I have yet to hear of anyone saying they don't want to be wealthy because they'd just end up paying a bigger chunk in taxes, that's a fallacy you GOP types are pretty good at hyping...but I'm doing what I can to dispel the myth.
BTW, where is all the prosperity we were to gain because of Bush's TEMPORARY tax cuts?
hengst,
I appreciate your line: "Again easy to say negative things when not in the same situation". How apropos.
The issue of the small numbers of folks gaming the system has been discussed here many times...and again I say what you refer to is an enforcement issue...you obviously acknowledge the fact that as a whole, citizens want to work.
hengst it was the railroad and steel barrons that created the gilded age and led to the first great Depression, the last time we had such inequality.
WAM when people say "flat tax" I assume that's what they mean. A graduated flat tax is ... gulp,... a progressive tax. I'm not on food stamps yet, I actually make a payroll every two weeks, I pay my taxes and more than match that paid by employees on payroll. We're buds again right?
hengst,
I just gotta point out the inaccuracy of your comment about the housing crash being caused by "some socialist thought everyone in America should have a house".
I believe you are making reference to the legislation passed regarding the illegal practice of redlining.
Briefly, redlining was where lending institutions denied housing loans to qualified depositors simply on the basis of which neighborhood they lived in. The legislation which was passed, (which I have linked to previously) contained specific language which required lenders to continue employing their safe lending practices.
Some unscrupulous lenders discovered that "any" and all loans they wrote were federally guaranteed and therefore a no lose proposition. Shortly, the bigger lending institutions likewise followed suit fearing they'd be cut out of a very lucrative market.
As we speak, all 50 State Attorneys General have put aside their political affiliations and banded together to investigate and prosecute the instigators. Recently, The Bank of America along with a few others of the big name lenders have made an offer to settle as long as the above mentioned Attnys General agree to provide immunity for further prosecution. Thankfully, so far the Attrnys General have rejected the puny offer knowing they are just now chipping away at the tip of the iceberg. We may yet see a time when we as citizens get some bailout funds back and see some perp walks as the investigation and prosecution continues.
Have you died also. What do you mean that you have no more responsibility for the shared well being of your community? I don't think our responsibilities lapse just because we get old and selfish.
clinchknot,
As I advised on another thread, do a little research before posting your parrot squawks.
I have repeatedly posted the specific language enclosed in the legislation concerning red lining and the resulting housing debacle.
No congressmen made any loans nor "forced" anybody else to either.
Scrool up a few posts and read mine concerning this subject.
Stay tuned, we may yet see some crooks prosecuted over this mess...and it'll be lenders who ignored the specific language I reference.
hengst,
I noticed a few posts up you make reference to somebody being jealous of wealth.
Nobody posting here has made any reference that brings up jealousy or envy...just merely pointing out unfairness in our tax code.
Why do you GOP types have to resort to tweaking the issues?
Like: class warfare, Govt take over, restoring tax rates comes out raising everyone's taxes, legislation rammed through, and on and on.
Can't you just have a debate without changing definitions?
DAN what I said is that I pay more taxes than 90 % of the people in this town, some of which are far richer than I. I refuse to sell any gold because I will be taxed at a very high rate if I do, I don't need or want to sell it, my son bless his heart is panting to have it, and it will be gone just as fast as he can spend it, which will be about 1/50th the time is took me to buy it. Maybe a year if he's lucky, because he is not that smart about money.
Here's the deal on taxing the rich, and it is nothing more than class warfare. There are something like 8,700 folks in this country that make over 10,000,000 a year. There total income comes to something like 240,000,000,000 dollars. If the govt took all of their income it would run the govt for 18 days. 24 days without paying the interest on the borrowed money. So let's say 18 days. The solution is to cut spending not divert attention to the rich as not paying their fair share.
That's right Mr. Knots. We on the left want to capture all the wealthiest Americans and squeeze every last cent out of them. You have seen through the smoke screen and recognized the truth. Now, I guess we'll have to go to plan B, have all people making over $1 million per year pay no less than a 30% tax rate. According to an article by Michelle Hirsch published today in the Fiscal Times:
"According to the most recent 2009 data from the IRS, the 236,883 richest American households with income over $1 million and adjustable gross income (AGI) of $727 billion, paid an average 24 percent effective tax rate. If they had paid an average effective tax rate of 30 percent, as Obama is proposing, they would have paid about $218.1 billion in taxes that year, instead of $177.5 billion. That difference is a net gain of $40.6 billion in revenue."
That's right Mr. Knots. We on the left want to capture all the wealthiest Americans and squeeze every last cent out of them. You have seen through the smoke screen and recognized the truth. Now, I guess we'll have to go to plan B, have all people making over $1 million per year pay no less than a 30% tax rate. According to an article by Michelle Hirsch published today in the Fiscal Times:
"According to the most recent 2009 data from the IRS, the 236,883 richest American households with income over $1 million and adjustable gross income (AGI) of $727 billion, paid an average 24 percent effective tax rate. If they had paid an average effective tax rate of 30 percent, as Obama is proposing, they would have paid about $218.1 billion in taxes that year, instead of $177.5 billion. That difference is a net gain of $40.6 billion in revenue."
Here's the problem with liberal Dakota, and the Harvard economists that work this thing out on paper to buy votes. You unfairly tax the successful many of them are small business folks. They lay off workers that need jobs. Those that are not business folks pull their money out of the country. Money that always gets circulated to those that need loans for example. Money does not get buried out in the backyard, it is always circulated. And should these people do that? Sure they should. It is their money!! Govt competes with the private sector for investment dollars, and govt pours it down a rathole. Just recently, another green energy co. went belly up, INER 1 costing the tax payer millions: another Solyndra. Govt should not be running businesses. Liberals never get the revenue they figure they would get by raising taxes as our brilliant Dakota fellow has done. Taxes are regressive. The best plan for getting more money out of rich people is what the GOP wants to do, and that is close a bunch of loopholes. Democrats, for political reasons, do not want to do that.
clinchknot,
When you speak of taxes you should reference our recent history before declaring your view as gospel.
First off, the immediate tax issue being discussed is a RETURN to tax levels just 10 or so short years ago. Perhaps you'll recall that Bush's tax cuts of 2001-2003 were established as tempory in nature...as in having an experation date.
Secondly, as recently as 20-30 years ago our nation taxed our higher earners at rates much much higher, like 40%-50%-60% and higher...and nobody then complained much about being wealthy because they were paying a progressive tax.
In simple terms, I have yet to meet anybody who declines being wealthy because they'd just end up having to pay more in taxes.
The term "class warfare" is an invented term used by one political party that typically employs inflammatory tactics
Oh, but the wealthy do decline. A number of wealthy lawyers, for example, take the last half of a year off just because they reach a certain bracket where it isn't worth working. And then those subordinates can be adversely effected. There are many in that category. Liberals always think that people work at their jobs just because they like their job, and do what they do regardless of the increased taxation. Increased taxation is regressive. Bush's tax cuts only got passed because liberals insisted they be temporary. They should be made permanent. Liberals also insisted that Corporations not be given a tax break, and now we are the highest taxed corporation country in the world, and losing market share because of it. High taxation, and bigger and bigger fed govt reduces the private sector, and results in very high debt. So what do liberals do? Look for more taxation wherever they can find it rather than reducing the size of govt, and their influence on personal freedoms, and our lives. Why won't liberals look at Europe, and what has happened? Europe is threatening the global economy. It isn't that hard to make the correlation. And our lack of consumer dollars that supports the world economies is threatening the global economy. All because Big Govt wants to control the money rather than the consumer controlling the money, and they use it to stay in power. And what do we get? The Chevy Volt. I can't wait to buy one of those.
OH, Really? Take your liberal guru, Warren Buffet who is playing politics with taxes saying the rich need to pay more, and that his secretary pays a higher rate than he does. A lie of course, but he sets up his insurance companies in states where he avoids taxes. Texas, and the job growth Rick Perry touted as his success, and the jobs created in Texas? Lots of them were California businesses that fled the state, and are still fleeing the state avoiding California's burdensome taxes, and moving to the more favorable business climate of Texas.
WAM,
Fairly well known stream right in the middle of steelhead alley just outside my back door. Ice broke from the warm weather recently and when conditions permit you can bet I'm on the water!
Heck I'm so close I don't even bother driven!
Too funny!
I propose a new handle for our new literary whit?whits, how about "knotfu"?
Rat, he payed as much as the InFernal Revenue Service charged WTF is your problem? If you were rich you would probably do the same.
Wam you're part of the problem.
You say we must increase the taxes on the poor. Why? And eliminate taxes on the rich. Doesn't sound ok to me.
Oh, I get it. Only if you can get a special tax break just for you to sell your house.
There is no sense in trying to educate the rodent.
Well boo effen hoo Hoski and the rodent don't like a system that works!
Dang! puter double tapped me again...here, I'll ding myself.
Bravo DD!
Dakota. Dim on Econ 101 like all the other libs I see. What does minimum wage do for anyone? It reduces initially, job opportunities for those to get into the job market. Then it just raises the wages of everyone else, and inflates the price of goods. It's the bottom of the totum pole regardless of what the wage is. Create lots of jobs that conservatives have the handle on, and then employers have to compete for decent labor, and the wage goes up, not govt creating the wage. Your side of the isle KILLS job creation. On lib acts stupid, and another lib says Bravo! Two dimbulbs make an intelligent thought?
Looks like Sayfu is runnin the lunch line again for hoski and Dan. Come and get it boys, Sayfu has your soup all heated up. You're going to have to butter your bread yourselves. Sayfu, he shoots...he scores!!!
I use Safu lines because I read his incredible accounts of what has transpired, and the needed solutions. And his points about Econ 101 that none of you libs even want to go there either because you are totally ignorant, or your religion of liberalism is destroyed by the concept is well apparent. You seem upset that Safu didn't put you in his lunch line. That "shoots he scores!" is my line, not Safu's. And can folks really post will several aliases?
backcast- BOOOOOOOO! scared you didn't I ! Safu has turned you into a basket case! Call the guys in the white coats! When you get the facts for Fox you're supposed to balanced them out with liberal BS from CNN, or ABC? That's called a well rounded individual to you? Called a lock step liberal wonk to me. One guy lies, and all the other liberals swear by it. And Safu, looking forward to going fly fishing with you this Summer! I'm not any better than backcast at it, but I won't have to be baby sit.
I've been hoping someone else would bring up the subject of Bush's tax cuts and mentioning how when enacted, they had definite expiration dates. I've been wondering at what point temporary morphed into permanent?
So in your "mind" you think RAISING Taxes is the answer! What a Maroon ! "Bug Bunny is smarter than you & rodent.
hengst,
I appreciate your line: "Again easy to say negative things when not in the same situation". How apropos.
The issue of the small numbers of folks gaming the system has been discussed here many times...and again I say what you refer to is an enforcement issue...you obviously acknowledge the fact that as a whole, citizens want to work.
You libs still avoiding the big issues, and going after another poster now, Mr. Knot? Way to funny! Pig...Runnin hounds will not get you a degree in Econ 101. Get rid of the hounds, man-up, and read that 8th grade Econ 101 book that you neglected to read when in school. And Mr. Knot. You are right on. I like your "shoots he scores!" line."
My GAWD backcast. Do you lose it on the river the same way? Guess that's why I carry a cellphone when on the river. You need to take a deep breath, and calm down. It's evident liberals run their lives making decisions based on emotion, but you've gone over the edge.
Not really. Basics work just fine. Read, or get the gist of the CBO report just out. Very easy to understand what they say about the economy. Next year, after the elections our economy will grow at a 1% rate accourding to the feds own budget office. That is catastrophic, and understandable for those that barely can understand commonsense economics, 101. The debt will increase another trillion dollars!...and 3 trillion over the this decade...catastrophic as well. Reason?..one major one is the effect the huge tax on business ObamaCare will cause. The Heritage Foundation just gave their report, and it stated that all the govt spending in the world can NOT stimulate the real economy, the private sector. They said it actually works in reverse! DUH! Then why did Obama spend the trillion dollar stimulus?..then later laugh, and say "Gee, guess the shovels weren't ready!" real funny BO. All of this Sayfu told you many moons ago. And you still don't get it. And the scary part is Obama wasn't ignorant, or stupid. The left accomplished what they intended.
hoski..Please quit providing newbies fishing tips will you!! I've never read such bad advice, one after another! You must do your fishing on this internet, then dream about being on the water. Incredible the ignorance regarding methods of fishing you provide! And I am serious. It is almost as if you are providing bad info intentionally.
Backcast. Please! The guys in the white coats are coming knockin! Mispeled words? Mr Knot has been more than kind to your ignorance. I think it is truly funny. The real backcast has been forced to stand up. very funny!
WAM would like to eliminate capital gains so that most people in the 1% bracket pay no taxes. He'd also like homeowners who sell their houses for a profit to pay no capital gains. And of course tax the heck out of poor people because they don't pay enough already.
WAM I don't blame you for repeating what you've heard every day on hate radio, but I do blame you for listening to that claptrap. Rush makes multiples of millions per year, he would like to pay no taxes, same with Hannity. Also the people who fund the Republican party are sick of paying millions in taxes, even with the 15% capital gains and Cayman Islands and all that the tax on 100 million is 14 million. Why not pay nothing at all? They dont' need police or fire departments. They don't even need the USA.
hoski.
You're too damn old to drive, and your eye sight is too bad to drive. You sure that's water you see? And those fish with the round mouth on the bottom of their face that you catch are not steelhead!
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