Video: The Very Model of a Modern US President
Here’s a hilarious parody of Gilbert and Sullivan’s Major General’s Song, directed by and starring Ron Butler as the prez.
Here’s a hilarious parody of Gilbert and Sullivan’s Major General’s Song, directed by and starring Ron Butler as the prez.
2 | researchok Sun, Oct 17, 2010 2:23:23pm |
3 | sattv4u2 Sun, Oct 17, 2010 2:23:52pm |
Gee
Obama IS just like me
I pick up stinky doggy poo too!!!
4 | sattv4u2 Sun, Oct 17, 2010 2:24:54pm |
re: #3 sattv4u2
Gee
Obama IS just like me
I pick up stinky doggy poo too!!!
((strange part about it though ,,, I don’t even HAVE a dog!!! I just like doing it!! ))
j/k ,, I have two!!
5 | researchok Sun, Oct 17, 2010 2:25:12pm |
7 | sattv4u2 Sun, Oct 17, 2010 2:26:13pm |
re: #5 researchok
I’d vote for you.
As well you should!!
I’ll name my dogs as advisor’s
Einstein and McDuff
8 | bratwurst Sun, Oct 17, 2010 2:28:24pm |
re: #1 Ojoe
We are not pulled back from economic woes at all.
My investment portfolio is worth about 20% more than it was the day before Obama took office. I realize that this is of no comfort to people looking for work, but the growth of the market between January 19, 2009 and today does, in fact, represent something of a pullback from economic woes for millions of Americans whether you like it or not.
9 | Linden Arden Sun, Oct 17, 2010 2:33:40pm |
re: #8 bratwurst
All the broad indexes are up 20-25% since Jan 20, 2009. We were in freefall with the possibility of bank runs and depositors lined up for miles to retrieve money the little FDIC couldn’t cover. TARP helped a lot and then a little known plan from Obama called SCAP (Supervisory Capital Assessment Plan) forced the big banks to acquire much more capital.
Markets have been steadily rising since.
10 | Killgore Trout Sun, Oct 17, 2010 2:35:12pm |
re: #8 bratwurst
My investment portfolio is worth about 20% more than it was the day before Obama took office. I realize that this is of no comfort to people looking for work, but the growth of the market between January 19, 2009 and today does, in fact, represent something of a pullback from economic woes for millions of Americans whether you like it or not.
The market has made an incredible recovery. The economy has stabilized and is making solid progress. We aren’t out of the woods yet but we’re getting there.
11 | researchok Sun, Oct 17, 2010 2:35:30pm |
re: #7 sattv4u2
As well you should!!
I’ll name my dogs as advisor’sEinstein and McDuff
I want an ambassadorship.
12 | sattv4u2 Sun, Oct 17, 2010 2:37:05pm |
re: #11 researchok
I want an ambassadorship.
As soon as your donation check clears, we can discuss where!
13 | Killgore Trout Sun, Oct 17, 2010 2:39:22pm |
For the Ricky Gervaise fans….
Karl Pilkington An Idiot Abroad Pt. 1
Episodes available on youtube.
14 | Dark_Falcon Sun, Oct 17, 2010 2:40:48pm |
re: #10 Killgore Trout
The market has made an incredible recovery. The economy has stabilized and is making solid progress. We aren’t out of the woods yet but we’re getting there.
I’m not convinced yet. I think things are getting better, but for that reason I say we cannot raise taxes.
15 | researchok Sun, Oct 17, 2010 2:41:59pm |
re: #12 sattv4u2
As soon as your donation check clears, we can discuss where!
Poland.
I really like pierogi
16 | sattv4u2 Sun, Oct 17, 2010 2:43:15pm |
re: #14 Dark_Falcon
I’m not convinced yet. I think things are getting better, but for that reason I say we cannot raise taxes.
Agree
If things are working the way they are why change it until we’re all (or at least most) of the way out of the woods, and we won’t be there until the employment situation and housing market starts to get better
17 | bratwurst Sun, Oct 17, 2010 2:43:43pm |
re: #14 Dark_Falcon
I think things are getting better
So you join me in disagreeing with Ojoe’s first post, yes?
18 | sattv4u2 Sun, Oct 17, 2010 2:43:46pm |
re: #15 researchok
Poland.
I really like pierogi
I know a few places in Chicago if you’d rather not go abroad!
19 | researchok Sun, Oct 17, 2010 2:44:55pm |
re: #18 sattv4u2
I know a few places in Chicago if you’d rather not go abroad!
Not the same.
I’ve been to Poland (Krakow rocks!) and the food there is just unreal. They have pastries as good as anything you can find in Paris.
20 | goddamnedfrank Sun, Oct 17, 2010 2:46:20pm |
re: #8 bratwurst
My investment portfolio is worth about 20% more than it was the day before Obama took office. I realize that this is of no comfort to people looking for work, but the growth of the market between January 19, 2009 and today does, in fact, represent something of a pullback from economic woes for millions of Americans whether you like it or not.
The DJIA is up 66% from March of ‘09, when his economic policies started to take effect. The S&P is up 72% and the Nasdaq up 90% in that time period. The markets are all up and America has once again returned to its rightful place as the most admired, popular nation in the world, so of course the curmudgeons are unhappy.
21 | Killgore Trout Sun, Oct 17, 2010 2:47:35pm |
re: #14 Dark_Falcon
I’m not convinced yet. I think things are getting better, but for that reason I say we cannot raise taxes.
I’m not so sure. We have to reduce the deficit. The Bush tax cuts created deficit spending as soon as they were enacted and their stimulative effect on the economy was minimal at best. They should be revoked for those in the upper income brackets.
22 | researchok Sun, Oct 17, 2010 2:47:42pm |
re: #17 bratwurst
So you join me in disagreeing with Ojoe’s first post, yes?
There are signs of improvement (as in stabilizing) but we’re far from out of the woods.
Unemployment numbers tell the tale.
23 | sattv4u2 Sun, Oct 17, 2010 2:48:15pm |
re: #20 goddamnedfrank
The DJIA is up 66% from March of ‘09, when his economic policies TARP started to take effect.
ftfy
24 | researchok Sun, Oct 17, 2010 2:48:22pm |
re: #21 Killgore Trout
I’m not so sure. We have to reduce the deficit. The Bush tax cuts created deficit spending as soon as they were enacted and their stimulative effect on the economy was minimal at best. They should be revoked for those in the upper income brackets.
What is upper income bracket?
25 | sattv4u2 Sun, Oct 17, 2010 2:49:12pm |
re: #24 researchok
What is upper income bracket?
For most people, thats anyone that makes more than “me”!!
26 | researchok Sun, Oct 17, 2010 2:49:27pm |
27 | Jadespring Sun, Oct 17, 2010 2:49:56pm |
re: #22 researchok
There are signs of improvement (as in stabilizing) but we’re far from out of the woods.
Unemployment numbers tell the tale.
Unemployment numbers generally lag behind during a recovery from a recession. They’re usually the last thing to show any great improvement.
28 | bratwurst Sun, Oct 17, 2010 2:49:59pm |
re: #22 researchok
There are signs of improvement (as in stabilizing) but we’re far from out of the woods.
Unemployment numbers tell the tale.
I think you are right…but I strongly disagree with Ojoe’s assertion that “We are not pulled back from economic woes at all.”
29 | researchok Sun, Oct 17, 2010 2:50:29pm |
re: #25 sattv4u2
For most people, thats anyone that makes more than “me”!!
Actually, the question is serious.
For example, 200K in Idaho is not like 200K in NYC.
30 | goddamnedfrank Sun, Oct 17, 2010 2:50:41pm |
re: #14 Dark_Falcon
I’m not convinced yet. I think things are getting better, but for that reason I say we cannot raise taxes.
LOL. Better, worse, it doesn’t matter, you’d latch onto any reason. The sanctity of tax cuts for the rich is like a religious conviction for you.
31 | sattv4u2 Sun, Oct 17, 2010 2:51:12pm |
re: #29 researchok
Actually, the question is serious.
For example, 200K in Idaho is not like 200K in NYC.
BINGO
Give that man an ambassadorship!!
32 | sattv4u2 Sun, Oct 17, 2010 2:52:26pm |
re: #30 goddamnedfrank
LOL. Better, worse, it doesn’t matter, you’d latch onto any reason. The sanctity of tax cuts for the rich is like a religious conviction for you.
And the TAX THE RICH, class warfare is Nirvana for you
33 | researchok Sun, Oct 17, 2010 2:52:34pm |
re: #29 researchok
Actually, the question is serious.
For example, 200K in Idaho is not like 200K in NYC.
It’s hard to tell right now. I beliecve we are too close to really see what is going on.
KT has a point re the stock market because the market is a great equalizer in the sense that the market has a life of it’s own, notwithstanding who is in office. Market is up, confidence is returning, albeit slowly.
34 | Dark_Falcon Sun, Oct 17, 2010 2:53:25pm |
re: #30 goddamnedfrank
Starting right in on the personal attacks, huh? That sort of post reminds me of something a Stalker would post.
35 | sattv4u2 Sun, Oct 17, 2010 2:54:36pm |
re: #34 Dark_Falcon
Starting right in on the personal attacks, huh? That sort of post reminds me of something a Stalker would post.
Soon followed by the name calling and/ or swearing
36 | researchok Sun, Oct 17, 2010 2:54:54pm |
re: #32 sattv4u2
And the TAX THE RICH, class warfare is Nirvana for you
I’d rather see one of two things:
1) Corporate taxes, rather than personal taxes increase, or,
2) Corporate tax loopholes and special legislation for corporations be ended.
37 | sattv4u2 Sun, Oct 17, 2010 2:56:52pm |
re: #36 researchok
I’d rather see one of two things:
1) Corporate taxes, rather than personal taxes increase, or,
2) Corporate tax loopholes and special legislation for corporations be ended.
Can’t agree with #1
100% agree with #2
38 | Dark_Falcon Sun, Oct 17, 2010 2:58:18pm |
re: #17 bratwurst
So you join me in disagreeing with Ojoe’s first post, yes?
No, not yet. We’re still in “woes” territory, just not quite as deep in it. In time we can get out, but I’m voting Republican because I think that Mark Kirk and Joel Polleck are better able to oversee as recovery than Alexi Gianoulius and Jan Scharkowsky.
I will not, however, be attending that Republican event. I’ve got bills to pay, and I found out the keynote speaker is Monica Crowley, whom I have no interest in hearing. I’ll just write a small campaign contribution check instead and go home to watch the Colts thump the Redskins.
39 | researchok Sun, Oct 17, 2010 2:58:31pm |
re: #37 sattv4u2
Can’t agree with #1
100% agree with #2
Why not with option #1?
If option 2 won’t happen, why not just raise the corporate taxes?
The net effect on dividend income would be the same?
40 | Killgore Trout Sun, Oct 17, 2010 2:58:36pm |
41 | researchok Sun, Oct 17, 2010 2:59:57pm |
re: #40 Killgore Trout
I forget the exact numbers. It’s easy to google.
How do we take geographic inequalities (if we do) into the picture?
42 | sattv4u2 Sun, Oct 17, 2010 3:01:28pm |
re: #39 researchok
Why not with option #1?
If option 2 won’t happen, why not just raise the corporate taxes?
The net effect on dividend income would be the same?
A couple of reasons
Corporations pay out dividends to their stockholders including retirees who have 401K’s that include that company in their portfolios AFTER EBIDTA
(Earnings Before Interest, Depriciation, TAXES and Amortization)
So they are paying out AFTER they pay taxes. Raise taxes, less dividends
ALSO,, more taxes to the corp, less operating capital. Less op/cap less hiring, buying new equipment, etc etc
43 | bratwurst Sun, Oct 17, 2010 3:02:20pm |
re: #38 Dark_Falcon
No, not yet. We’re still in “woes” territory, just not quite as deep in it. .
So why is it so hard to say that you disagree with his notion that “we are not pulled back from economic woes at all”?
44 | sattv4u2 Sun, Oct 17, 2010 3:02:46pm |
re: #40 Killgore Trout
I forget the exact numbers. It’s easy to google.
Has nothing to do with “google”
Whoever writes the law can make it any number they want
What do you consider “upper bracket’?
45 | freetoken Sun, Oct 17, 2010 3:02:53pm |
Did anyone catch this live?
Buck’s remarks on homosexuality loom after Meet the Press debate
Republican Senate candidate Ken Buck suddenly elevated the culture wars from minor player to center stage in the Senate race today when he compared homosexuality to alcoholism in a nationally televised debate.
Appearing with Democratic Sen. Michael Bennet in a 27-minute showdown on Meet the Press, Buck responded to a question from host David Gregory by saying that he believed homosexuality was a choice but had limited biological influences “like alcoholism and some other things.”
[…]
46 | researchok Sun, Oct 17, 2010 3:05:28pm |
re: #42 sattv4u2
A couple of reasons
Corporations pay out dividends to their stockholders including retirees who have 401K’s that include that company in their portfolios AFTER EBIDTA
(Earnings Before Interest, Depriciation, TAXES and Amortization)
So they are paying out AFTER they pay taxes. Raise taxes, less dividends
ALSO,, more taxes to the corp, less operating capital. Less op/cap less hiring, buying new equipment, etc etc
So they are paying out AFTER they pay taxes. Raise taxes, less
dividends
But they are paying less taxes because of the loopholes!
Actually, I really believe the tax code is inherently unfair.
It puts Obama- and every other president- at a distinct disadvantage because as part of an economic policy, presidents have to factor in an unintelligible tax code.
I’m no great fan of the Obama economic policy but I won’t blame only. He’s got one hand tied behind his back- and to a large degree, corporate tax loopholes, etc are a big part of it.
47 | avanti Sun, Oct 17, 2010 3:06:23pm |
McCain’s daughter will get a bit of flack for this:
Senator McCain’s daughter calls O’Donnell a “nut job”
48 | sattv4u2 Sun, Oct 17, 2010 3:06:25pm |
re: #46 researchok
But they are paying less taxes because of the loopholes!
And thats why I supported your #2
Raise their taxes, they’ll just find better loopholes
49 | researchok Sun, Oct 17, 2010 3:06:35pm |
re: #46 researchok
The day has come where I’m actually defending a part of Obama’s economic policies.
Holy crap!
50 | Killgore Trout Sun, Oct 17, 2010 3:06:37pm |
re: #41 researchok
How do we take geographic inequalities (if we do) into the picture?
I don’t think any federal taxes take geography into consideration.
52 | researchok Sun, Oct 17, 2010 3:07:14pm |
re: #48 sattv4u2
But they are paying less taxes because of the loopholes!
And thats why I supported your #2
Raise their taxes, they’ll just find better loopholes
Or, establish a corporate flat tax.
53 | Dark_Falcon Sun, Oct 17, 2010 3:08:35pm |
re: #43 bratwurst
So why is it so hard to say that you disagree with his notion that “we are not pulled back from economic woes at all”?
Because it’s hard to stake out a coherent position on the issue that allows for all the facts. I do disagree, though, from the idea that nothing has changed. But things still are in the doldrums, and that was what Ojoe was getting at. He overstated it though.
54 | Killgore Trout Sun, Oct 17, 2010 3:08:55pm |
re: #44 sattv4u2
What do you consider “upper bracket’?
The top of the scale is upper. The bottom is lower. That’s the way it works.
55 | researchok Sun, Oct 17, 2010 3:09:11pm |
re: #50 Killgore Trout
I don’t think any federal taxes take geography into consideration.
Right- and therein lies a minefield.
200K in NYC is not 200K in Idaho or Arkansas.
How do you feel about a flat tax, or consumption tax, a la VAT in Europe?
56 | sattv4u2 Sun, Oct 17, 2010 3:10:19pm |
re: #54 Killgore Trout
The top of the scale is upper. The bottom is lower. That’s the way it works.
were you the captain of the Dodge Ball Team at school!?!?
IF there is going to be legislation that raises the taxes on the “upper level”, a number will have to be established as a demarcation point
In your mind, what is that number?
57 | Dark_Falcon Sun, Oct 17, 2010 3:10:24pm |
re: #52 researchok
Or, establish a corporate flat tax.
That would work in the short term. But longer term, Congress would cut new loopholes at the behest of corporate lobbyists.
58 | Killgore Trout Sun, Oct 17, 2010 3:10:26pm |
Are Neo-Nazis Infiltrating America’s Most Trivial Political Offices?
You all remember Dan Schruender, the admitted neo-Nazi running for school board in Southern California. Now we learn of another SoCal neo-Nazi running for another minor league political position. Meet Riverside Water Board candidate Jeff Hall
According to the Riverside Press-Enterprise, a mysterious Jeff Hall has been running a stealth campaign for a seat on the all-powerful water board. (i.e. he’s not campaigning at all and hoping voters just randomly elect him.)
In addition to being an aspiring water boardmember, Hall is also a prominent neo-Nazi and the leader of the California chapter of the National Socialist Movement. Some of his hobbies include organizing rallies to protest illegal immigration and waving Nazi flags outside of synagogues. Water Board members say they “have no idea what his platform on water issues is.”
59 | researchok Sun, Oct 17, 2010 3:10:55pm |
re: #57 Dark_Falcon
That would work in the short term. But longer term, Congress would cut new loopholes at the behest of corporate lobbyists.
How about a VAT?
60 | freetoken Sun, Oct 17, 2010 3:11:21pm |
re: #55 researchok
How do you feel about a flat tax, or consumption tax, a la VAT in Europe?
Consumption taxes invariably become regressive.
VAT - taxing at intermediate stages before final retail - isn’t much better, IMO.
61 | sattv4u2 Sun, Oct 17, 2010 3:11:23pm |
62 | Killgore Trout Sun, Oct 17, 2010 3:12:11pm |
re: #56 sattv4u2
IF there is going to be legislation that raises the taxes on the “upper level”, a number will have to be established as a demarcation pointIn your mind, what is that number?
Why would “my mind” have anything to do with it? Google the proposed legislation and see what the proposals are.
63 | researchok Sun, Oct 17, 2010 3:12:55pm |
64 | freetoken Sun, Oct 17, 2010 3:12:56pm |
re: #58 Killgore Trout
Ahh… local board elections.
Here in SD county, a locally prominent SoCon who used to be on a school board is now running for a hospital board.
Local politics - where nothing is too nutty.
65 | sattv4u2 Sun, Oct 17, 2010 3:13:19pm |
re: #62 Killgore Trout
Why would “my mind” have anything to do with it? Google the proposed legislation and see what the proposals are.
Not only were you the captain, you were The Most Outstanding Dodger 4 years running, huh !!
66 | freetoken Sun, Oct 17, 2010 3:13:21pm |
67 | researchok Sun, Oct 17, 2010 3:13:56pm |
re: #64 freetoken
Ahh… local board elections.
Here in SD county, a locally prominent SoCon who used to be on a school board is now running for a hospital board.
Local politics - where nothing is too nutty.
Ain’t that truth!
NC, SC are a testament to that!
68 | Dark_Falcon Sun, Oct 17, 2010 3:14:10pm |
re: #59 researchok
How about a VAT?
Too stealthy. Taxes need to be open and seen. That’s the only way to keep a healthy public suspicion of them.
69 | Killgore Trout Sun, Oct 17, 2010 3:15:00pm |
re: #64 freetoken
Ahh… local board elections.
Here in SD county, a locally prominent SoCon who used to be on a school board is now running for a hospital board.
Local politics - where nothing is too nutty.
It’s an interesting trend. They could be working on setting up a political structure again. It’s been a long time since they’ve been politically active.
70 | Dark_Falcon Sun, Oct 17, 2010 3:15:17pm |
re: #65 sattv4u2
Not only were you the captain, you were The Most Outstanding Dodger 4 years running, huh !!
That’s not nice.
71 | bratwurst Sun, Oct 17, 2010 3:15:23pm |
Weren’t we warned that Obama and his minions were destined to hit us with a VAT? I guess they are saving it for after the midterms…along with the Fairness Doctrine and taking away all of our guns and ammo!
72 | researchok Sun, Oct 17, 2010 3:15:33pm |
re: #66 freetoken
What do you want to accomplish?
Fair- and simple- tax codes for individuals and corporations. Close the loopholes that benefit the rich and corporate interests.
Good grief, I’m sounding like a lefty.
Too much LGF?
//
73 | freetoken Sun, Oct 17, 2010 3:16:35pm |
re: #69 Killgore Trout
Down here I don’t think they’ve ever gone away. For the past two decades certain local groups/names in the SoCon movement have continually been running for this or that position. Including judges, of which there are also some on the coming ballot.
74 | Gus Sun, Oct 17, 2010 3:16:56pm |
re: #72 researchok
Fair- and simple- tax codes for individuals and corporations. Close the loopholes that benefit the rich and corporate interests.
Good grief, I’m sounding like a lefty.
Too much LGF?
//
Down with the establishment!
/
75 | sattv4u2 Sun, Oct 17, 2010 3:17:02pm |
re: #70 Dark_Falcon
That’s not nice.
Ask me a question, I give a declarative answer (even if is an honest “I Don’t Know”)
I expect the same courtesy in exchange
76 | freetoken Sun, Oct 17, 2010 3:17:05pm |
re: #72 researchok
Good grief, I’m sounding like a lefty.Too much LGF?
//
We’ve turned you to the dark side.
77 | freetoken Sun, Oct 17, 2010 3:17:51pm |
Taxes are never liked, anywhere anytime.
Yet they are necessary.
Thus the truism attributed (?) to Ben Franklin.
78 | PhillyPretzel Sun, Oct 17, 2010 3:18:13pm |
Read the parts about taxes. [Link: encyclopedia.thefreedictionary.com…]
79 | Dark_Falcon Sun, Oct 17, 2010 3:18:25pm |
re: #71 bratwurst
Weren’t we warned that Obama and his minions were destined to hit us with a VAT? I guess they are saving it for after the midterms…along with the Fairness Doctrine and taking away all of our guns and ammo!
The gun issue was never an Obama priority, mostly due to Harry Reid’s political need to block any such legislation in the Senate. He might have considered a VAT, but he used up too much political capital on health care to make major changes to the tax code.
The Fairness Doctrine was just an “Outrageous Outrage!!1” ‘story’.
80 | sattv4u2 Sun, Oct 17, 2010 3:18:50pm |
re: #77 freetoken
Taxes are never liked, anywhere anytime.
Yet they are necessary.
Thus the truism attributed (?) to Ben Franklin.
Well,,, if I HAVE to have something I don’t like, I prefer to have as little of it as possible!
81 | researchok Sun, Oct 17, 2010 3:18:52pm |
82 | Killgore Trout Sun, Oct 17, 2010 3:19:20pm |
re: #65 sattv4u2
Not only were you the captain, you were The Most Outstanding Dodger 4 years running, huh !!
Ok, I googled it for you….
Bush tax cuts 101: What changes could be in store for taxpayers?
Still, it appears that the political will exists to extend many of the tax cuts. On Sept. 8, in a speech in the Cleveland area, President Obama threw down the gauntlet to the GOP, saying that Democrats were “ready, this week … to give tax cuts to every American making $250,000 or less.
That seems reasonable to me.
83 | researchok Sun, Oct 17, 2010 3:20:50pm |
re: #76 freetoken
We’ve turned you to the dark side.
*nervous laughter here*
Seriously, for the most part debate here is really, really insightful.
Lots of good insight and a lot less dogma than people imagine about LGF.
84 | goddamnedfrank Sun, Oct 17, 2010 3:22:16pm |
re: #34 Dark_Falcon
Starting right in on the personal attacks, huh? That sort of post reminds me of something a Stalker would post.
No it isn’t, it’s the truth, evidenced by the fact that you didn’t deny it. Tax cuts are religion for you. Now I’m supposed to believe you when you say that the economy recovering is a reason not to raise taxes, but the truth is that for you there is never a good reason to raise them, ever. You could deny this, but you won’t, and I wouldn’t believe anybody who says they would cover up the facts surrounding Pat Tillman’s death anyway. Once you’ve convinced yourself that a lie is necessary, you embrace it and toss personal integrity out the window. You’re a salesman, this is what you do, you sell things.
85 | sattv4u2 Sun, Oct 17, 2010 3:23:14pm |
re: #82 Killgore Trout
Ok, I googled it for you…
Bush tax cuts 101: What changes could be in store for taxpayers?
That seems reasonable to me.
I see
So you think a couple making 250K a year is “upper level”
So let me ask you this
Lest say Wifey and I make $245K a year. What incentive do I have to make work harder and make a little more (pushing it to over 250K) knowing that in that higher bracket I will now TAKE HOME less!
What if that 245K was due to me being a small business the whole thing is on my personal taxes? What incentive do I have to expand (hire more people)?
86 | freetoken Sun, Oct 17, 2010 3:24:18pm |
re: #78 PhillyPretzel
A nation that has no population needs no services.
87 | researchok Sun, Oct 17, 2010 3:24:51pm |
re: #85 sattv4u2
I see
So you think a couple making 250K a year is “upper level”
So let me ask you this
Lest say Wifey and I make $245K a year. What incentive do I have to make work harder and make a little more (pushing it to over 250K) knowing that in that higher bracket I will now TAKE HOME less!
What if that 245K was due to me being a small business the whole thing is on my personal taxes? What incentive do I have to expand (hire more people)?
And that is just one reason that illustrates why a revamping of the tax code is a necessity.
88 | goddamnedfrank Sun, Oct 17, 2010 3:27:42pm |
re: #85 sattv4u2
Lest say Wifey and I make $245K a year. What incentive do I have to make work harder and make a little more (pushing it to over 250K) knowing that in that higher bracket I will now TAKE HOME less!
Tax brackets don’t work that way and you know it. You will still take home more money because the increased tax rate only applies to the income over and above $250K.
89 | Feline Fearless Leader Sun, Oct 17, 2010 3:27:43pm |
re: #18 sattv4u2
I know a few places in Chicago if you’d rather not go abroad!
If you order it in New York City be very careful to make sure the waiter isn’t an illegal alien!
;)
91 | sattv4u2 Sun, Oct 17, 2010 3:28:04pm |
re: #89 oaktree
If you order it in New York City be very careful to make sure the waiter isn’t an illegal alien!
;)
Spock?
Worf!?!?!
92 | Killgore Trout Sun, Oct 17, 2010 3:29:51pm |
re: #85 sattv4u2
I see
So you think a couple making 250K a year is “upper level”
So let me ask you this
Lest say Wifey and I make $245K a year. What incentive do I have to make work harder and make a little more (pushing it to over 250K) knowing that in that higher bracket I will now TAKE HOME less!
What if that 245K was due to me being a small business the whole thing is on my personal taxes? What incentive do I have to expand (hire more people)?
Sorry that’s the way taxes work. It shouldn’t be a shock to learn that there are tax brackets.
94 | sattv4u2 Sun, Oct 17, 2010 3:33:56pm |
re: #88 goddamnedfrank
Tax brackets don’t work that way and you know it. You will still take home more money because the increased tax rate only applies to the income over and above $250K.
Umm,,, errr,,, NO!!
Look at the “planning ahead” chart
[Link: www.moneybluebook.com…]
If I make 208,850K I was in the 28% bracket, leaving me 150,372
If I made 208,851K I got bumped up to the 33% bracket, leaving me 139,930
95 | sattv4u2 Sun, Oct 17, 2010 3:37:19pm |
re: #92 Killgore Trout
Sorry that’s the way taxes work. It shouldn’t be a shock to learn that there are tax brackets.
Nice try, but I never stated it was a “shock”
96 | Glenn Beck's Grand Unifying Theory of Obdicut Sun, Oct 17, 2010 3:43:17pm |
re: #85 sattv4u2
I see
So you think a couple making 250K a year is “upper level”
So let me ask you this
Lest say Wifey and I make $245K a year. What incentive do I have to make work harder and make a little more (pushing it to over 250K) knowing that in that higher bracket I will now TAKE HOME less!
That’s not how taxes work. Do you seriously not know that?
Dear god.
97 | Glenn Beck's Grand Unifying Theory of Obdicut Sun, Oct 17, 2010 3:44:18pm |
re: #94 sattv4u2
Umm,,, errr,,, NO!!
Look at the “planning ahead” chart
[Link: www.moneybluebook.com…]
If I make 208,850K I was in the 28% bracket, leaving me 150,372
If I made 208,851K I got bumped up to the 33% bracket, leaving me 139,930
You seriously don’t know you only get taxed the 33% on any amount above 208,851? Seriously?
No wonder this country is screwed. Rank ignorance.
99 | sattv4u2 Sun, Oct 17, 2010 3:45:24pm |
re: #97 Obdicut
So again, whats my incentive to make more, to expand a business
THATS why this country is screwed
100 | Glenn Beck's Grand Unifying Theory of Obdicut Sun, Oct 17, 2010 3:47:01pm |
re: #98 sattv4u2
Again: You are taxed the higher percentage only on income above that percentage. That’s what progressive taxation means. It doesn’t mean that you get taxed the higher rate on your entire income.
I cannot believe this level of ignorance. It’s just shameful.
101 | jaunte Sun, Oct 17, 2010 3:47:15pm |
re: #99 sattv4u2
I think most entrepreneurs just blow through that bracket stuff, succeeding by doing what they find interesting. The incentive is the game, the income is just a metric.
102 | goddamnedfrank Sun, Oct 17, 2010 3:48:24pm |
re: #94 sattv4u2
Umm,,, errr,,, NO!!
Look at the “planning ahead” chart
[Link: www.moneybluebook.com…]
If I make 208,850K I was in the 28% bracket, leaving me 150,372
If I made 208,851K I got bumped up to the 33% bracket, leaving me 139,930
Only that one dollar get’s taxed at 33%. The $71,800 below that gets taxed at 28%, the $69150 below that gets taxed at 25%, the $51,200 below that at 15%, and the first $16700 at 10%. Go talk to your accountant if you really don’t understand how tax brackets are tiered.
Here’s good news for you: The tax brackets are actually a tiered system, which means that only the amount of money above each cutoff is taxed at the higher rate. For people filing as head of household in 2005, for example, the first $10,450 in taxable income is taxed at 10%, then money earned from $10,450 to $39,800 is taxed at 15%, and anything you earn from $39,800 to $102,800 is taxed at the 25% rate.
So if you do have $40,000 in taxable income, you’ll only pay the 25% tax rate for the $200 above the $39,800 limit (adding only $50 to your tax bill), and the rest of your money will be taxed at the 10% and 15% rate.
103 | sattv4u2 Sun, Oct 17, 2010 3:50:01pm |
re: #100 Obdicut
Income
The key concept of progressive income taxation is that income is considered in different steps, where income earned between certain points will be taxed at a certain rate. This is done to avoid creating incentive traps, where earning more might actually decrease your income (e.g., if income up to 10,000 is untaxed and after 10,001 you pay 10%, you will receive 9,000.90 if you make 10,001 and 10,000 if you make 10,000). The size and severity of the different steps varies a great deal and the differences inside the term “progressive” can be enormous. In this sense, it is not surprising that most economists support progressive taxation to some degree - the primary differences come when looking at the maximum income taxes that the highest earners might have to pay.
[Link: en.wikipedia.org…]
Gee,, where have I heard that before !?!?
104 | Glenn Beck's Grand Unifying Theory of Obdicut Sun, Oct 17, 2010 3:51:38pm |
re: #103 sattv4u2
where income earned between certain points will be taxed at a certain rate. This is done to avoid creating incentive traps, where earning more might actually decrease your income
This is hilarious.
DarkFalcon, care to explain why you’re updinging this rank ignorance about progressive taxation?
105 | WINDUPBIRD DISEASE [S.K.U.M.M.] Sun, Oct 17, 2010 3:52:14pm |
re: #103 sattv4u2
Income
The key concept of progressive income taxation is that income is considered in different steps, where income earned between certain points will be taxed at a certain rate. This is done to avoid creating incentive traps, where earning more might actually decrease your income (e.g., if income up to 10,000 is untaxed and after 10,001 you pay 10%, you will receive 9,000.90 if you make 10,001 and 10,000 if you make 10,000). The size and severity of the different steps varies a great deal and the differences inside the term “progressive” can be enormous. In this sense, it is not surprising that most economists support progressive taxation to some degree - the primary differences come when looking at the maximum income taxes that the highest earners might have to pay.[Link: en.wikipedia.org…]
Gee,, where have I heard that before !?!?
hey dude
YOU KNOW THA’S NOT HOW OUR INCOME TAX WORKS, RIGHT?
107 | WINDUPBIRD DISEASE [S.K.U.M.M.] Sun, Oct 17, 2010 3:53:57pm |
re: #104 Obdicut
This is hilarious.
DarkFalcon, care to explain why you’re updinging this rank ignorance about progressive taxation?
because he doesn’t know what he’s talking about
DF, have you ever paid your own taxes? As in, not had the employer withhold it. As in, you write a check from your account, for what you owe?
109 | WINDUPBIRD DISEASE [S.K.U.M.M.] Sun, Oct 17, 2010 3:54:34pm |
re: #106 goddamnedfrank
*facepalm*
Some stupid shit masquerading as ideology
Pretty great, it’s so stupid it doesn’t even qualify, it’s just mindless dumbshittery
110 | Glenn Beck's Grand Unifying Theory of Obdicut Sun, Oct 17, 2010 3:55:06pm |
111 | WINDUPBIRD DISEASE [S.K.U.M.M.] Sun, Oct 17, 2010 3:55:35pm |
re: #108 sattv4u2
Yeah ,, our tax code is just ducky!
Now you’re just trolling :)
Because I have a hard time beliveing you’re a grown man with assets and a real job who doesn’t understand how tax brackets work.
112 | Glenn Beck's Grand Unifying Theory of Obdicut Sun, Oct 17, 2010 3:56:10pm |
re: #111 WindUpBird
Sadly, lots and lots of people don’t.
I didn’t think that included anyone who read LGF, though.
113 | Dark_Falcon Sun, Oct 17, 2010 3:56:54pm |
re: #104 Obdicut
This is hilarious.
DarkFalcon, care to explain why you’re updinging this rank ignorance about progressive taxation?
I haven’t updinged any of these posts since #94. And I it was my understanding that tax brackets applied to all income not just that above the bracket.
114 | WINDUPBIRD DISEASE [S.K.U.M.M.] Sun, Oct 17, 2010 3:57:14pm |
re: #110 Obdicut
Just for a humor break:
[Link: www.27bslash6.com…]
FOGGOT!
I used to go to “fagort” when mocking the chat behavior of homophobic douchebags on XBox live and Steam, I think I need to start using “foggot” instead :D
115 | sattv4u2 Sun, Oct 17, 2010 3:57:17pm |
re: #111 WindUpBird
Now you’re just trolling :)
Because I have a hard time beliveing you’re a grown man with assets and a real job who doesn’t understand how tax brackets work.
Nope ,, not me
I aspire to be a societal leach
116 | WINDUPBIRD DISEASE [S.K.U.M.M.] Sun, Oct 17, 2010 3:57:38pm |
117 | sattv4u2 Sun, Oct 17, 2010 3:58:22pm |
118 | WINDUPBIRD DISEASE [S.K.U.M.M.] Sun, Oct 17, 2010 3:58:53pm |
re: #113 Dark_Falcon
I haven’t updinged any of these posts since #94. And I it was my understanding that tax brackets applied to all income not just that above the bracket.
You are completely wrong.
Your understanding is completely false. it is totally incorrect.
Now I’m positive you just have your taxes withheld by your employer. 9_9
119 | Glenn Beck's Grand Unifying Theory of Obdicut Sun, Oct 17, 2010 4:00:49pm |
re: #113 Dark_Falcon
I haven’t updinged any of these posts since #94. And I it was my understanding that tax brackets applied to all income not just that above the bracket.
Well, you’re completely wrong.
What Satt quoted is accurate— which is all the more hilarious that he’s reading it wrong.
The key concept of progressive income taxation is that income is considered in different steps, where income earned between certain points will be taxed at a certain rate.
Progressive taxation means that income is taxed, not people. So your first X is taxed at Y, X’ ix taxed at Y’, etc.
I am kind of shocked you don’t know this. This is one of the most fundamental ways that taxation and governance works. It is absolutely basic.
You may want to think long and hard about why you didn’t know this, and how this changes your attitudes towards taxation.
Here is the very, very, very simple WIki explanation:
An individual pays tax at a given bracket only for each dollar within that bracket’s range. For example, a single taxpayer who earned $10,000 in 2009 would be taxed 10% of each dollar earned from the 1st dollar to the 8,350th dollar (10% × $8,350 = $835.00), then 15% of each dollar earned from the 8,351st dollar to the 10,000th dollar (15% × $1,650 = $247.50), for a total of $1,082.50. Notice this amount ($1,082.50) is lower than if the individual had been taxed at 15% on the full $10,000 (for a tax of $1,500). This is because the individual’s marginal rate (the percentage tax on the last dollar earned, here 15%) has no effect on the income taxed at a lower bracket (here the first $8,350 of income taxed at 10%). This ensures that every rise in a person’s pre-tax salary results in an increase of his after-tax salary.
120 | jaunte Sun, Oct 17, 2010 4:01:32pm |
How stuff works:
[Link: money.howstuffworks.com…]
121 | goddamnedfrank Sun, Oct 17, 2010 4:01:51pm |
re: #108 sattv4u2
Yeah ,, our tax code is just ducky!
The conservative code: never admit when you are wrong, just keep moving forward.
re: #113 Dark_Falcon
I haven’t updinged any of these posts since #94. And I it was my understanding that tax brackets applied to all income not just that above the bracket.
Do you have someone else do your taxes and just not pay any attention at all to the process, or have you been overpaying all these years?
123 | Dark_Falcon Sun, Oct 17, 2010 4:04:03pm |
re: #121 goddamnedfrank
The conservative code: never admit when you are wrong, just keep moving forward.
re: #113 Dark_Falcon
Do you have someone else do your taxes and just not pay any attention at all to the process, or have you been overpaying all these years?
I use TurboTax. I put in the information and it tells me what I owe.
124 | WINDUPBIRD DISEASE [S.K.U.M.M.] Sun, Oct 17, 2010 4:04:10pm |
re: #117 sattv4u2
what is it you kids say nowadays??
oh yeah“whatevah”!
hehehe
This is sort of common behavior around here!
Step 1: Old LGF Conservative comes into thread, spews a bunch of ideological boilerplate nonsense that is easily disproven by 5 seconds on google, but which a lot of uneducated people believe
Step 2: Reasonable person, often someone untethered to the old days of LGF (where conservatives were allowed to say anything unchallenged) comes in and just tears Old LGF Conservative a a spare asshole with facts and data
Step 3: Old LGF Conservative then retreats to a place of safety, which is just being an evasive troll, because there’s no other avenue left to him
125 | WINDUPBIRD DISEASE [S.K.U.M.M.] Sun, Oct 17, 2010 4:04:47pm |
re: #113 Dark_Falcon
This ensures that every rise in a person’s pre-tax salary results in an increase of his after-tax salary.
This ensures that every rise in a person’s pre-tax salary results in an increase of his after-tax salary.
This ensures that every rise in a person’s pre-tax salary results in an increase of his after-tax salary.
127 | sattv4u2 Sun, Oct 17, 2010 4:05:16pm |
re: #124 WindUpBird
This is sort of common behavior around here!
Step 1: Old LGF Conservative comes into thread, spews a bunch of ideological boilerplate nonsense that is easily disproven by 5 seconds on google, but which a lot of uneducated people believe
Step 2: Reasonable person, often someone untethered to the old days of LGF (where conservatives were allowed to say anything unchallenged) comes in and just tears Old LGF Conservative a a spare asshole with facts and dataStep 3: Old LGF Conservative then retreats to a place of safety, which is just being an evasive troll, because there’s no other avenue left to him
Step 4 Old LGF Progressives, instead of having reasonable dialogue revert to name calling
128 | WINDUPBIRD DISEASE [S.K.U.M.M.] Sun, Oct 17, 2010 4:06:40pm |
re: #123 Dark_Falcon
I use TurboTax. I put in the information and it tells me what I owe.
I don’t have the luxury of TurboTax, I need to have an accountant, because running a business and having multiple sources of income is complicated.
The cool thing about an accountant is they’ll go over everything with me and show me exactly where my advantages and disadvantages are with regard to taxes and income and etc.
129 | jaunte Sun, Oct 17, 2010 4:08:27pm |
Anyone interested in tax policy might enjoy reading this Slate series on income inequality ( of course that may not be caused or cured simply by tax policy).
[Link: www.slate.com…]
(Link is for the 10th piece in the series).
130 | Jeff In Ohio Sun, Oct 17, 2010 4:08:46pm |
re: #127 sattv4u2
Step 4 Old LGF Progressives, instead of having reasonable dialogue revert to name calling
Fair enough. I think it’s also reasonable for people who complain about increasing marginal tax rates on people making $250,000 or more to know how progressive taxation works instead of yelling CLASS WAR!!11!! at almost every opportunity.
131 | goddamnedfrank Sun, Oct 17, 2010 4:10:59pm |
re: #123 Dark_Falcon
I use TurboTax. I put in the information and it tells me what I owe.
The fact that the amount TurboTax says you owe doesn’t equal your highest nominal bracket has just escaped your notice, for over a decade? From where I sit this is a rather stunning admission, like a person just discovering that they weigh more with their clothes on.
Okay, I’ll drop it now, knowing being half the battle and all that.
132 | sattv4u2 Sun, Oct 17, 2010 4:11:30pm |
re: #130 Jeff In Ohio
Fair enough. I think it’s also reasonable for people who complain about increasing marginal tax rates on people making $250,000 or more to know how progressive taxation works instead of yelling CLASS WAR!!11!! at almost every opportunity.
And as Researchok pointed out upthread, making 250K + (as a couple)in rural Oklahoma is a lot different than making it in NYC
So how do we level the field?
133 | sattv4u2 Sun, Oct 17, 2010 4:13:18pm |
and BTW ,, this all started when Kilgore couldn’t/ wouldn’t answer what HE thought “upper income” (his words) level was
135 | Jeff In Ohio Sun, Oct 17, 2010 4:18:44pm |
re: #132 sattv4u2
And as Researchok pointed out upthread, making 250K + (as a couple)in rural Oklahoma is a lot different than making it in NYC
So how do we level the field?
The only way you level the field is through a more complicated tax code.
For instance, if you own a home in Oklahoma, chances are it did not cost as much as the guy in NYC, so his mortgage deduction is going to be much higher enabling him to take home more of his income.
While I do think $250k is the good life in Cincinnati, I’m not convinced $250k is middle class in NYC. SOmeone who thinks this is a real issue will need to provide some stats on cost of living comparisons between places like LA, NYC, Norman, Ok. and Cinci.
136 | Mr Pancakes Sun, Oct 17, 2010 4:19:46pm |
138 | sattv4u2 Sun, Oct 17, 2010 4:21:29pm |
re: #135 Jeff In Ohio
The only way you level the field is through a more complicated tax code.
For instance, if you own a home in Oklahoma, chances are it did not cost as much as the guy in NYC, so his mortgage deduction is going to be much higher enabling him to take home more of his income.
While I do think $250k is the good life in Cincinnati, I’m not convinced $250k is middle class in NYC. SOmeone who thinks this is a real issue will need to provide some stats on cost of living comparisons between places like LA, NYC, Norman, Ok. and Cinci.
I think a LESS complicated one!
The Fair Tax comes to mind
Eliminate all inherent taxes on goods at the retailer level (something in the neighborhood of 24% before a product hits the shelf)
Them tax THAT product
LEVEL!?!?
Rich people pay more taxes , WHY?? they buy more and more expensive stuff. The price of A good doesn’t vary, only how many YOU decide to buy
139 | sattv4u2 Sun, Oct 17, 2010 4:21:51pm |
140 | sattv4u2 Sun, Oct 17, 2010 4:22:22pm |
re: #136 Mr Pancakes
LT looked good.
ggrrrrr
Patriots Fan here ,, I NEEDED the Jets to lose
EVERY week!!
141 | sattv4u2 Sun, Oct 17, 2010 4:23:07pm |
re: #135 Jeff In Ohio
re: #138 sattv4u2
I think a LESS complicated one!
The Fair Tax comes to mind
Eliminate all inherent taxes on goods at the retailer level (something in the neighborhood of 24% before a product hits the shelf)
The
mN tax THAT productLEVEL!?!?
Rich people pay more taxes , WHY?? they buy more and more expensive stuff. The price of A good doesn’t vary, only how many YOU decide to buy
pimf
142 | Mr Pancakes Sun, Oct 17, 2010 4:23:47pm |
re: #140 sattv4u2
ggrrr
Patriots Fan here ,, I NEEDED the Jets to lose
EVERY week!!
Charger fan here….. liked it that Denver lost…… I still have a soft spot for LT…….. see you next week in our yard dude!
143 | sattv4u2 Sun, Oct 17, 2010 4:26:06pm |
re: #135 Jeff In Ohio
SOmeone who thinks this is a real issue will need to provide some stats on cost of living comparisons between places like LA, NYC, Norman, Ok. and Cinci.
I have lived in a few places longterm
THE most is Boston (45 years) and Atlanta (12 years)
Car insurance,, what I paid for one car back in Mass I insured three for just a little more the next year in Georgia
Property Tax,, What I paid per quarter in a Boston Suburb I’m paying PER YEAR in Ga, and my lot is MUCH bigger here
144 | sattv4u2 Sun, Oct 17, 2010 4:26:36pm |
re: #142 Mr Pancakes
Charger fan here… liked it that Denver lost… I still have a soft spot for LT… see you next week in our yard dude!
I’ll be there ,, well ,, HERE ,,,
145 | Ojoe Sun, Oct 17, 2010 4:33:28pm |
There are more people coming to the food bank where I work & at the same time donations to the food bank, and the amount of salvage we get, are both down.
So no, the economy is not improving in human terms. it is in fact getting worse.
It cannot go on like this.
146 | sattv4u2 Sun, Oct 17, 2010 4:37:01pm |
re: #145 Ojoe
There are more people coming to the food bank where I work & at the same time donations to the food bank, and the amount of salvage we get, are both down.
So no, the economy is not improving in human terms. it is in fact getting worse.
It cannot go on like this.
Just speaking for myself and a few closest friends, our contributions to area kitchens etc has increased just because of that
147 | Decatur Deb Sun, Oct 17, 2010 4:45:18pm |
re: #135 Jeff In Ohio
The only way you level the field is through a more complicated tax code.
For instance, if you own a home in Oklahoma, chances are it did not cost as much as the guy in NYC, so his mortgage deduction is going to be much higher enabling him to take home more of his income.
While I do think $250k is the good life in Cincinnati, I’m not convinced $250k is middle class in NYC. SOmeone who thinks this is a real issue will need to provide some stats on cost of living comparisons between places like LA, NYC, Norman, Ok. and Cinci.
Living in NYC is its own reward.
148 | Glenn Beck's Grand Unifying Theory of Obdicut Sun, Oct 17, 2010 4:48:52pm |
re: #147 Decatur Deb
I live in New York. collectively, my wife and I make under a hundred grand a year. We’re middle class, and perfectly comfortable. If we had an extra hundred and fifty thousand to play with, we’d be upper class.
And yes, the point is that NYC costs more because it’s worth more to live here. I’m paying for access to the incredible shit NYC has to offer. That means I have a huge material advantage over people out in Oklahoma.
Personally, I really like the country, so I think it’s undervalued, but in sheer capitalist terms, it’s worth more to live in NYC. So the arguments that someone making the same in NYC as somewhere else isn’t ‘middle class’ is just bogus.
149 | Glenn Beck's Grand Unifying Theory of Obdicut Sun, Oct 17, 2010 4:49:31pm |
re: #143 sattv4u2
You didn’t know how progressive taxation worked.
What reason is there to believe you understand how any other tax works?
150 | Decatur Deb Sun, Oct 17, 2010 4:55:47pm |
re: #148 Obdicut
I live in New York. collectively, my wife and I make under a hundred grand a year. We’re middle class, and perfectly comfortable. If we had an extra hundred and fifty thousand to play with, we’d be upper class.
And yes, the point is that NYC costs more because it’s worth more to live here. I’m paying for access to the incredible shit NYC has to offer. That means I have a huge material advantage over people out in Oklahoma.
Personally, I really like the country, so I think it’s undervalued, but in sheer capitalist terms, it’s worth more to live in NYC. So the arguments that someone making the same in NYC as somewhere else isn’t ‘middle class’ is just bogus.
Lived on the then-unfashionable UWS in the Pleistocene, including our first year of marriage. My top income was about $55 per week. That’s not much, even if you can bring down the occasional mastodon. Would not have traded it for the world.
151 | goddamnedfrank Sun, Oct 17, 2010 4:57:29pm |
re: #133 sattv4u2
and BTW ,, this all started when Kilgore couldn’t/ wouldn’t answer what HE thought “upper income” (his words) level was
I can’t believe you just deflected blame onto Kilgore for your own strongly maintained erroneous conviction. It might be funny if it wasn’t so sad.
152 | Mr Pancakes Sun, Oct 17, 2010 5:04:07pm |
re: #147 Decatur Deb
Living in NYC is its own reward.
I went there once…… not for me I guess.
I could never live anywhere else other than So Cal.
153 | sattv4u2 Sun, Oct 17, 2010 5:04:20pm |
re: #151 goddamnedfrank
I can’t believe you just deflected blame onto Kilgore for your own strongly maintained erroneous conviction. It might be funny if it wasn’t so sad.
[Video]
If “deflected blame” means someone couldn’t give me a declarative sentence as an answer to a straightforward question, well, yes ,, yes I did !
154 | sattv4u2 Sun, Oct 17, 2010 5:04:53pm |
re: #152 Mr Pancakes
I went there once… not for me I guess.
I could never live anywhere else other than So Cal.
Question is ,, would anyplace else have you ?!?!
//
155 | sattv4u2 Sun, Oct 17, 2010 5:06:09pm |
re: #149 Obdicut
You didn’t know how progressive taxation worked.
What reason is there to believe you understand how any other tax works?
I’ll apprise you of the day I care about what you beleive
156 | Mr Pancakes Sun, Oct 17, 2010 5:06:09pm |
157 | sattv4u2 Sun, Oct 17, 2010 5:06:27pm |
158 | sattv4u2 Sun, Oct 17, 2010 5:07:03pm |
re: #150 Decatur Deb
My top income was about $55 per week
Show off!!
/
159 | Ojoe Sun, Oct 17, 2010 5:08:55pm |
re: #146 sattv4u2
Just speaking for myself and a few closest friends, our contributions to area kitchens etc has increased just because of that
Hats off to you.
160 | sattv4u2 Sun, Oct 17, 2010 5:14:06pm |
re: #159 Ojoe
Hats off to you.
Wasn;t looking for a hat tip, just a note that there are some that are doubling their efforts to try to make up for the shortfall
Look at donations across the board. Look at the Jerry Lewis telethon. Even with a down economy it hit 59 Million in pledges,, about the 6th highest # since it started (1966)
161 | ClaudeMonet Sun, Oct 17, 2010 8:37:45pm |
re: #20 goddamnedfrank
The DJIA is up 66% from March of ‘09, when his economic policies started to take effect. The S&P is up 72% and the Nasdaq up 90% in that time period. The markets are all up and America has once again returned to its rightful place as the most admired, popular nation in the world, so of course the curmudgeons are unhappy.
Chronology does not mean causality. “B followed A, therefore A caused B.”
Please don’t say that everything was crap, but instantly turned to gold as soon as there was a new President. You’re no moonbat; you know better.
162 | ClaudeMonet Sun, Oct 17, 2010 8:46:33pm |
re: #41 researchok
How do we take geographic inequalities (if we do) into the picture?
Strictly speaking, we don’t. However, since a person in NYC probably pays much more in real estate, state income, and city income taxes than his/her counterpart in Idaho, the latter winds up paying more in federal taxes. And still comes out well ahead on the same income.
163 | ClaudeMonet Sun, Oct 17, 2010 8:50:41pm |
re: #47 avanti
McCain’s daughter will get a bit of flack for this:
Senator McCain’s daughter calls O’Donnell a “nut job”
How so? It’s not like Ms. McCain is running for office. O’donnell should be concentrating on her campaign in Delaware, but you can bet she’ll waste time on a response to Ms. McCain’s comments.
164 | ClaudeMonet Sun, Oct 17, 2010 8:53:34pm |
re: #55 researchok
Right- and therein lies a minefield.
200K in NYC is not 200K in Idaho or Arkansas.
How do you feel about a flat tax, or consumption tax, a la VAT in Europe?
VAT is an awful idea. It forces those who have to spend more of their income on necessities to pay more in taxes, while those who are able to save (“the rich”) pay less.
165 | ClaudeMonet Sun, Oct 17, 2010 9:13:08pm |
re: #72 researchok
Fair- and simple- tax codes for individuals and corporations. Close the loopholes that benefit the rich and corporate interests.
Good grief, I’m sounding like a lefty.
Too much LGF?
//
Ah, but who decides what is “fair”? Who decides what is exempt? If a so-called “flat tax”, what is taxed? I used to be amused by the proposals for “fair taxation” that inevitably wound up with less tax for whoever proposed it and more for others, but I’m not laughing anymore.
The devil is in the details, and more specifically in who writes the tax code.
166 | ClaudeMonet Sun, Oct 17, 2010 9:19:33pm |
re: #90 sattv4u2
TAX THE RICH!!!
satt, this isn’t aimed at you; it’s for all who scream populist slogans about “tax the rich!”—
I’ve asked this before, now I’ll ask again—
Who exactly are “The Rich”? At what level of income and/or financial assets is someone “rich”? Hard numbers, please, and not “someone who makes and/or has more than me”.
167 | ClaudeMonet Sun, Oct 17, 2010 9:28:37pm |
re: #123 Dark_Falcon
I use TurboTax. I put in the information and it tells me what I owe.
You still have to know where to input given information. If you have only a W-2 and no other income, it’s pretty straightforward, but it gets more complicated as your income sources become more diverse (interest, dividends, rental properties, partnerships, self-employed, capital gains and losses, etc).
As some of you know, I do taxes and small business accounting for a living (working for someone else, thank goodness). What I offer my clients isn’t just accuracy and knowledge, but peace of mind. And BTW, 99% of what I encounter can be handled by my software—TurboTax Premier.