Re: Bush Tax Cuts, now Obama Tax Cuts !
posted at 1/4/2013 8:48 AM EST
- skeeter20
- Posts: 15389
- First: 12/28/2009
- Last: 5/19/2013
In response to jmel's comment:
In response to skeeter20's comment:
In response to ImYourDaddy's comment:
In response to WhatDoYouWantNow's comment:
In response to jmel's comment:
What`s this got to do with tax cuts for everyone?
.......
?
I'm not sure how else to respond. You seem to think it's very important that everyone got a tax cut of some sort.
I pointed out that: "The wealthy benefitted more than the middle class from the cuts they received. They also needed them FAR LESS."
To which you re-iterated "That`s some strange math you`re doing. If someone paying 31% got cut to 28% and someone paying 18% got cut to 15%..........that`s the same ratio."
To which I had to explain: "As you know perfectly well, you are ignoring the fact that the people in the top bracket do not make their money through salary. They make their money through capital gains. People getting the 18% to 15% cut do not make their money through capital gains. Capital gains was reduced by 10"
The richest benefitted the most because they make their money at the 15% rate as a result of a drop from 25% to 15%.... I don't see what's so hard about this.
Capital gain ... requires you to have capital invested
Where do you get capital? from money that you already earned and TAXED!!!!!
Know the different between ... tax on wealth and tax on income
Does every investment yield income? see Facbook stocks or the housing market 2008 or stocks in AIG .... Do you think the government will give back 20% on capital LOST????
Rate are low because there are RISK to every investment. You ALWAY make a salary when you work and earn an income
I've treid for years to explain this to the moonbats on this board. They don't have the patience or intelligence to comprehend what you say. Or, maybe the guy who doles out their trust fund checks just don't explain it to them.
They don`t get it and never will. The incompetent says "millionaires and billionaires" and the 50.7% completely believe that $250k per year is "rich" or "wealthy". It`s a hatred and jealousy of success. It`s a disdain for Capitalism and they will NEVER get it until their EBT, welfare, food stamps, and Obamaphones stop showing up in their mama`s mailbox. All they understand is that someone is making more than them so they must be evil. They must be "1%". Understanding that the so-called "rich" pay the large majority of all taxes is incomprehensible for them.
I actually had a conversation (argument) with an old friend over the holidays. He was irate that doctors make more money than he does. He`s an electrician, does very well, got hit in the eye on the job. He was appalled at the cost of his appointment and treatment (100% covered by his union cadillac healthcare plan) and thought (thinks) all doctors should be paid the same and those wages should be similar to his.
This is what`s wrong with an Obama-America.
The BIG thing missing in all these moonbat posts on capital gains is the word "motivation". Moonbats are not motivated to earn more, and become irate and jealous when others are.
Face it. NO company gives an executive stock options becasue he or she is "entitled" to them. they earn them, or they go home.
This idea of being motivated to be successful makes the moonbats uncomfortable.
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Re: Bush Tax Cuts, now Obama Tax Cuts !
posted at 1/4/2013 12:24 PM EST
- UserName99
- Posts: 1982
- First: 5/9/2011
- Last: 5/19/2013
In response to 12-Angry-Men's comment:
In response to msobstinate99's comment:
Do ya think those stocks dropped partly because those stores aren't doing the numbers they used to do ..... BECAUSE WE ARE ALL GOING BROKE? HELLO IS ANYONE HOME IN THERE? It ain't the CEO's fault that people don't have the money to spend like they USED TO.
Huh?
These CEO's are market losers, the worst in their segments, yet continue to collect huge compensation packages.
And then there's the fact that US corporations are making RECORD PROFITS!!
American businesses earned profits at an annual rate of $1.659 trillion in the third quarter, according to a Commerce Department report released Tuesday. That is the highest figure recorded since the government began keeping track over 60 years ago, at least in nominal or noninflation-adjusted terms.
Corporate profits have been doing extremely well for a while. Since their cyclical low in the fourth quarter of 2008, profits have grown for eleven consecutive quarters, at some of the fastest rates in history.
Geepers.
In addition, these corporate executive's pay is tax deductable. Its an estimated $30 billion loophole that nobody ever discusses closing.
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Re: Bush Tax Cuts, now Obama Tax Cuts !
posted at 1/4/2013 12:57 PM EST
- GreginMeffa
- Posts: 12692
- First: 10/7/2009
- Last: 5/17/2013
So, the now Obama tax cuts favor those who make 399k/year, but not the rich, and the Bush cuts were really bad.
Yea!
Re: Bush Tax Cuts, now Obama Tax Cuts !
posted at 1/4/2013 1:09 PM EST
In response to GreginMeffa's comment:
So, the now Obama tax cuts favor those who make 399k/year, but not the rich, and the Bush cuts were really bad.
Yea!
I seem to recall that Obama wanted taxes to rise on people earing 250 or more but raised it to $400 to placate the Republicans. So you can call the $250 - 399 tax cut the Mitch McConell tax cut if it makes it easier for you to sleep at night.
Interesting how Obama gets criticized for by the righties for not compromising and then gets criticized for the outcome of a compromise.
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Re: Bush Tax Cuts, now Obama Tax Cuts !
posted at 1/4/2013 1:47 PM EST
In response to skeeter20's comment:
Simply because a person earns more does not mean that person needs a cut anymore than a person earning less needs a cut.
Correct: It means instead that they need a cut
less than a person earning less.
Re: Bush Tax Cuts, now Obama Tax Cuts !
posted at 1/4/2013 1:47 PM EST
In response to GreginMeffa's comment:
So, the now Obama tax cuts favor those who make 399k/year, but not the rich, and the Bush cuts were really bad.
Yea!
Republicans forced that line. Obama wanted 250k. You know that, of course. But don't let that knowledged stop you from playing your pointlessly stupid games.
Yea!
Re: Bush Tax Cuts, now Obama Tax Cuts !
posted at 1/4/2013 1:48 PM EST
In response to cookie-rojas' comment:
I'm kinda sorry I rang in now, I asked a simple question, and all I got was left blaming right and visa-versa.
Oh yeah, and loser-99 telling me that it's not a tax increase, it's an investment into the social Security System, and I'll get it back and then some............
Plus WDYWN is still the same moron he was last year, so much for New Years resolutions right?
Question: How does my take-home pay being cut by $1700 per year help the economy? And..........how does it help me?
Ask Cantor, f**ktard
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Re: Bush Tax Cuts, now Obama Tax Cuts !
posted at 1/4/2013 1:53 PM EST
In response to msobstinate99's comment:
So, Everybody happy with today's payday?
Ask Cantor
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Re: Bush Tax Cuts, now Obama Tax Cuts !
posted at 1/4/2013 1:58 PM EST
In response to skeeter20's comment:
[QUOTE] they earn them, or they go home. [/QUOTE]
That was the case at first, but CEOs realized that if they all just go sit on boards of other companies, and all boards silently collude to grant huge amounts of stock and diamond-studded parachutes not tied to performance, then CEOs can take home way more than they're worth.
Everybody just has to play the game, and shareholders are left without much to do about it.
More or less the same thing the Ds and Rs have done with government. You can't "take America back" any more than you can take an established company back if the entire set of possible replacements intends to keep playing the same game.
I know you can't answer this question so I'll ask it and smirk as you dodge it:
A few decades ago, the ratio of CEO to worker pay was around 15:1. Today it is 475:1. If CEOs are worth today's pay ratio, then why aren't American companies 31.6 times more profitable in real dollar terms?
Do some serious thinking about that.
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