Obama’s Class Warfare

[JohnR! 5,495]

It's a roundabout way of saying: The current administration has managed to get the country out of the hole dug by the previous one.

This ought to silence the naysayers and deniers who have been raging about the not-so-secret conspiracy to destroy America....

What does this even mean? How many recessions have we had "in recent history", and what exactly qualifies as "recent history"?

It's no different than posters who start their replies with 'So you're saying...' or the infamous 'So your saying...

When an article starts off with a sentence that makes absolutely no sense, chances are the rest of the article will follow suit.

[Trumplestiltskin 5,791]

Jelly?

Sure am.

[JohnR! 5,495]

Surely you don't mean the COK JOCs? :rofl: :rofl:

You're terrible Muriel...

Is it me or is the Cult of Kip having a midnight mass?

Edited January 24, 2015 by JohnR!

[LostInAK 43]

Obviously the rich pay more taxes than you do. But they typically pay about half the percentage you do. Cool huh?

Not exactly, but continue drinking that koolaid. Uncle O will make it all better. Do a bit of research on the difference between income taxes and capital gains taxes. While you're at it, keep in mind Romney was right about only 47% of the people in this country paying income taxes.

I bolded and underlined the word INCOME for the mentally challenged here.

[JohnR! 5,495]

In all fairness, he is an alcoholic, and we should not make light of his disease.

Bush spent like an alcoholic pirate who had discovered buried treasure at the same time he discovered the whorehouse.

[Trumplestiltskin 5,791]

In all fairness, he is an alcoholic, and we should not make light of his disease.

Certainly explains a lot of his foreign policy decisions

[GandD 5,966]

Not exactly, but continue drinking that koolaid. Uncle O will make it all better. Do a bit of research on the difference between income taxes and capital gains taxes. While you're at it, keep in mind Romney was right about only 47% of the people in this country paying income taxes.

I bolded and underlined the word INCOME for the mentally challenged here.

Capital gains taxes are 15%. Us paycheck folks pay around 30%. The amount of people not paying income taxes include retired people who worked their whole life, billionaires that live off capital gains, and of course the famous bums and illegals.

In all fairness, he is an alcoholic, and we should not make light of his disease.

Cheap shot. Bush is a recovering alcoholic. A successful one at that.

[LostInAK 43]

Capital gains taxes are 15%. Us paycheck folks pay around 30%. The amount of people not paying income taxes include retired people who worked their whole life, billionaires that live off capital gains, and of course the famous bums and illegals.

Long term capital gains are now 20% for the highest earners thanks to the panderer in chief. Keep mind capital gains are returns on investments. They're not taxed nor should they be taxed in the same way as regular income. There's risk involved that is not involved with putting in your "40". Also the US has the highest corporate income tax in the developed world. Wait and see what happens to the US economy if these class warfare vote buying policies continue. It won't be pretty. You'll be wishing some of the evil 1 percenters were around to generate employment.

[decocker 7,198]

Wait and see what happens to the US economy if these class warfare vote buying policies continue. It won't be pretty. You'll be wishing some of the evil 1 percenters were around to generate employment.

sounds terrifying.

[I AM NOT THAT GUY 5,715]

I am not worried. Why should anybody have to work? The government can print enough money for everybody.

[Sousuke 1,214]

Long term capital gains are now 20% for the highest earners thanks to the panderer in chief. Keep mind capital gains are returns on investments. They're not taxed nor should they be taxed in the same way as regular income. There's risk involved that is not involved with putting in your "40". Also the US has the highest corporate income tax in the developed world. Wait and see what happens to the US economy if these class warfare vote buying policies continue. It won't be pretty. You'll be wishing some of the evil 1 percenters were around to generate employment.

I agree that corporate taxes are probably too high. Frankly most corporations don't pay that much anyway either through subsidies, offshoring or other tax related incentives. We might as well lower them for everyone and encourage capital inflow back into the US.

In terms of capital gains, policy makers need to be careful to not target retirees and focus on higher earners through a graduated rate system like income taxes.

Also while there is risk involved, capital losses apply to taxes which means its a two way street so to speak.

[LostInAK 43]

I agree that corporate taxes are probably too high. Frankly most corporations don't pay that much anyway either through subsidies, offshoring or other tax related incentives. We might as well lower them for everyone and encourage capital inflow back into the US.

In terms of capital gains, policy makers need to be careful to not target retirees and focus on higher earners through a graduated rate system like income taxes.

Also while there is risk involved, capital losses apply to taxes which means its a two way street so to speak.

It's easy to sit in Moes day in and day out swilling Duffs while blaming Mr. Burns for your lot in life. That 's the awesome thing about the Democrat party and their principles. It's NEVER YOUR fault. It's Walmart's fault because you had 5 kids with 5 different guys and didn't finish school and now you're pulling down $7.50 an hour working the checkout line. It's McDonald's fault you spent you formative years with your face buried in a bong, and now you're making $8 an hour dropping potatoes in a deep fryer.

As for capital losses... NO. Max capital loss per year is $3k. Granted you can carry over from one year to the next, but if you lose 100k one year, you'll be writing that off for 33 years. Doesn't seem quite fair, does it?

[Sousuke 1,214]

As for capital losses... NO. Max capital loss per year is $3k. Granted you can carry over from one year to the next, but if you lose 100k one year, you'll be writing that off for 33 years. Doesn't seem quite fair, does it?

It is fair in the sense that you can fully recover it despite the 3,000 limit by selling other assets where there is a gain. I do get the notion that if you 'lose it all' especially later in life, then you probably won't reap the full benefit.

[Sousuke 1,214]

It's easy to sit in Moes day in and day out swilling Duffs while blaming Mr. Burns for your lot in life. That 's the awesome thing about the Democrat party and their principles. It's NEVER YOUR fault. It's Walmart's fault because you had 5 kids with 5 different guys and didn't finish school and now you're pulling down $7.50 an hour working the checkout line. It's McDonald's fault you spent you formative years with your face buried in a bong, and now you're making $8 an hour dropping potatoes in a deep fryer.

Also this paragraph tends to over simplify the structural labor issues that are driving the problem at hand.

[Póg mo 1,749]

It's easy to sit in Moes day in and day out swilling Duffs while blaming Mr. Burns for your lot in life. That 's the awesome thing about the Democrat party and their principles. It's NEVER YOUR fault. It's Walmart's fault because you had 5 kids with 5 different guys and didn't finish school and now you're pulling down $7.50 an hour working the checkout line. It's McDonald's fault you spent you formative years with your face buried in a bong, and now you're making $8 an hour dropping potatoes in a deep fryer.

As for capital losses... NO. Max capital loss per year is $3k. Granted you can carry over from one year to the next, but if you lose 100k one year, you'll be writing that off for 33 years. Doesn't seem quite fair, does it?

You really have a cartoon view of the world. I don't know too many folks with five kids, let alone with two different parents. Oddly enough the people I do know who kids with more than dad, happen to be staunch Republicans. And the funny thing is few of them, seem that concerned with encouraging their children to do something with their lives, beyond finding a dead end job in their home town.