Obamarama - daily discussion on our 44th president
02-26-2009, 09:15 AM
#826
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Obama Seeks $634M Over 10 Years to Revamp Health Care System
Where in the Constitution does it allow for this?
Great, the top 2% of tax payers get ****ed again.
And this money won't get spent on illegals seeking treatment?
Where in the Constitution does it allow for this?
Great, the top 2% of tax payers get ****ed again.
And this money won't get spent on illegals seeking treatment?
Income Tax History from inception in 1913 to 2000.
These guys are basically losing their mortgage interest deductions and charity donation deductions.
I'm not arguing whether it's right or wrong, but if this is getting ****ed, I'd hate to see what would happen if it went back to pre-1980s taxes.
02-26-2009, 09:19 AM
#827
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Yes, our heart goes out to the top 2%. They are hardly getting ****ed considering recent history. Between 1932-1981 the top bracket's tax shot up from 25% to peak as high as 94% maintaining an overall average in the ~80% range.
Income Tax History from inception in 1913 to 2000.
These guys are basically losing their mortgage interest deductions and charity donation deductions.
I'm not arguing whether it's right or wrong, but if this is getting ****ed, I'd hate to see what would happen if it went back to pre-1980s taxes.
Income Tax History from inception in 1913 to 2000.
These guys are basically losing their mortgage interest deductions and charity donation deductions.
I'm not arguing whether it's right or wrong, but if this is getting ****ed, I'd hate to see what would happen if it went back to pre-1980s taxes.
http://www.bloomberg.com/apps/news?p...vtk&refer=home
I hardly call that getting ****ed.
33% - 36%
35% - 39.6%
Capital gains:
15% - 20%
New taxes suck. But it really isn't that bad. And there is no way taxes are going to go back up to pre-1981 levels anytime soon. Its politically impossible.
02-26-2009, 09:21 AM
#828
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Obama faces a decision as early as next week on whether to support a claim of executive privilege made by former President Bush in refusing to allow Karl Rove, the former deputy White House chief of staff, to be deposed by the House Judiciary Committee on the White House’s role in the 2006 firing of nine U.S. attorneys.
Bush claimed “absolute immunity” for top advisers in resisting such subpoenas, but Rep. John Conyers (D-Mich.), chairman of the Judiciary Committee, filed a lawsuit over the issue. The case is on appeal, and the Obama administration is scheduled to file a motion next week laying out its stance on the issue.
Bush claimed “absolute immunity” for top advisers in resisting such subpoenas, but Rep. John Conyers (D-Mich.), chairman of the Judiciary Committee, filed a lawsuit over the issue. The case is on appeal, and the Obama administration is scheduled to file a motion next week laying out its stance on the issue.
02-26-2009, 09:21 AM
#829
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they should just put a 25c per transaction charge for all equities and commodity trading... that would pay of the national debt faster than you could imagine and no one would notice.
my broker fee is 9.75 per transaction... if that went up to $10 i would not bat an eyelash... and there are hundreds of millions of transactions a day.
my broker fee is 9.75 per transaction... if that went up to $10 i would not bat an eyelash... and there are hundreds of millions of transactions a day.
02-26-2009, 09:25 AM
#830
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they should just put a 25c per transaction charge for all equities and commodity trading... that would pay of the national debt faster than you could imagine and no one would notice.
my broker fee is 9.75 per transaction... if that went up to $10 i would not bat an eyelash... and there are hundreds of millions of transactions a day.
my broker fee is 9.75 per transaction... if that went up to $10 i would not bat an eyelash... and there are hundreds of millions of transactions a day.
02-26-2009, 11:32 AM
#831
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Obama Seeks $634M Over 10 Years to Revamp Health Care System
Where in the Constitution does it allow for this?
Where in the Constitution does it allow for this?
Having said that, one could argue that this covers it:
We the people of the United States, in order to form a more perfect union, establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessings of liberty to ourselves and our posterity, do ordain and establish this Constitution for the United States of America.
Just curious, what do you mean by the "top 2%"? 'cause if you're talking about the extremely wealthy, **** them--they don't pay their share in taxes anyway.
I'd say there are more important things to worry that they'll waste the money on. But hey, that's just me.
02-26-2009, 12:12 PM
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02-26-2009, 01:05 PM
#835
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02-26-2009, 02:21 PM
#836
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Either way, **** the rich.
02-26-2009, 02:27 PM
#837
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Buffett Slams Tax System Disparities
Buffett blasts system that lets him pay less tax than secretary
That doesn't sound to me like the "top 2% of tax payers getting ****ed." Although maybe I have a different definition of ****ed than you, Paul. 
Originally Posted by Warren Buffett, Washington Post
Buffett cited himself, the third-richest person in the world, as an example. Last year, Buffett said, he was taxed at 17.7 percent on his taxable income of more than $46 million. His receptionist was taxed at about 30 percent."
Originally Posted by Warren Buffett, UK Times Online
Speaking at a $4,600-a-seat fundraiser in New York for Senator Hillary Clinton, Mr Buffett, who is worth an estimated $52 billion (£26 billion), said: “The 400 of us [here] pay a lower part of our income in taxes than our receptionists do, or our cleaning ladies, for that matter. If you’re in the luckiest 1 per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.”
Mr Buffett said that he was taxed at 17.7 per cent on the $46 million he made last year, without trying to avoid paying higher taxes, while his secretary, who earned $60,000, was taxed at 30 per cent. Mr Buffett told his audience, which included John Mack, the chairman of Morgan Stanley, and Alan Patricof, the founder of the US branch of Apax Partners, that US government policy had accentuated a disparity of wealth that hurt the economy by stifling opportunity and motivation.
The comments are among the most signficant yet in a debate raging on both sides of the Atlantic about growing income inequality and how the super-wealthy are taxed.
Mr Buffett said that he was taxed at 17.7 per cent on the $46 million he made last year, without trying to avoid paying higher taxes, while his secretary, who earned $60,000, was taxed at 30 per cent. Mr Buffett told his audience, which included John Mack, the chairman of Morgan Stanley, and Alan Patricof, the founder of the US branch of Apax Partners, that US government policy had accentuated a disparity of wealth that hurt the economy by stifling opportunity and motivation.
The comments are among the most signficant yet in a debate raging on both sides of the Atlantic about growing income inequality and how the super-wealthy are taxed.
02-26-2009, 03:10 PM
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