Since: Jul 12

Villa Rica, GA

#6472 Apr 8, 2013
Bored wrote:
<quoted text>
thanks for the link. It also shows::
""For now, 58.7 per cent of American adults are working if the actual employment-population ratio is taken into consideration, leaving about 82 million, or almost 41 per cent of people unemployed. Only 8 per cent, however, are even interested in work, leaving 33 per cent of Americans not only jobless but with no desire for work.
"The ratio expresses more clearly how many people find working to be a 'good or attractive deal,'" Tyler Cowen, economist and director of the Mercatus Center at George Mason University, adds to CNN.
If the numbers seem drastic, its because they are. So rampant in fact is the countrys seeming disregard for work that other just-released statistics show that funding welfare programs for the American population was the most expensive endeavor undertaken in all of Fiscal Year 2011.
Republicans on the Senate Budget Committee released findings this week showing that the government spent roughly $1.03 trillion on welfare programs last year, funding 83 separate efforts to provide assistance to Americans. Days earlier, a separate study out of Capitol Hill revealed that the number of people enrolled to receive federal assistance by way of food stamps has hit a new record high with roughly 47 million US residents.""
These astounding figures demonstrate that the United States spends more on federal welfare than any other program in the federal budget, Alabama Sen. Jeff Session writes in a letter provided to The Daily Caller this week.It is time to restore not retreat from the moral principles of the 1996 welfare reform. Such reforms, combined with measures to promote growth, will help both the recipient and the Treasury.
Why work when the government takes care of you??
If the government didn't pay these unemployed people off they would be rioting in the streets. All hell would break loose in this country. Funny how angry hungry people can get.

Since: Nov 08

Location hidden

#6473 Apr 8, 2013
Informed Opinion wrote:
<quoted text>
That's not fair. Don't blame them. They can't help it.
Right Wingers are always afraid.
Late at night, with their night lights on, they hide beneath their covers, trembling in terror, afraid the boogeyman is gonna steal their Social Security checks and their Viagra we bought them with Medicare Part D.
lol You have some GREAT support there, IO.

Since: Jan 10

Location hidden

#6474 Apr 8, 2013
Informed Opinion wrote:
<quoted text>
Yep, let's use common sense:
If any income should get treated favorably its income earned as a result of a man's labor - that incentivizes people to work.
If any income should be taxes at the highest rates it's capital gains - in the history of the world no rational investor ever stopped investing as a result of taxes because something is always better than nothing. There's no need to incentivize investing - it always incentivizes itself.
Proof your accountant is wrong if he/she thinks you have a good understanding of the tax system...

Since: Jul 12

Villa Rica, GA

#6476 Apr 8, 2013
Synergy wrote:
<quoted text>
Well, the woman running for PRESIDENT will HAVE to win. So, the republicans probably won't run much of anyone. I hope they do, but I have my doubts. Of course, if another democrat wins then that will pretty much be it for this country. Oh, well.
It's scary. You have come around to my way of thought on the subject. The only hope is a new third party and the chances of that are about 20%.

Since: Jan 10

Location hidden

#6477 Apr 8, 2013
Bored wrote:
<quoted text>
Libtards don't understand effects & results.
Don't understand how lowering capital gains taxes affect the economy.
Don't understand the double taxation of capital gains and the penalty of long term inflation on certain held capital.
Don't understand the damage that capital taxes does to most middle and low income people.
Don't understand a long term held capital gain,(like land, house, etc) sold after many years of ownership, and taxed in one year at the "now" value of the capital which includes the inflated cost.
Don't understand that government creates a devaluation of currency by creating more fiat money.
they do believe in the following myths;
Lowering capital gains tax rates will not help the economy.
If there is a capital gains tax cut, it should be temporary and it should not be available to all investors.
Cutting capital gains tax rates will cause stock markets to fall.
Capital gains tax cuts benefit the "wealthy" and no one else.
Lowering capital gains tax rates will not lead to more investment.
Government cannot "afford" large and permanent cut in capital gains tax rates.
Capital gains already receive preferential treatment because they are taxed at lower rates than ordinary income.
((Fact: Double-taxation of investment returns and taxing inflation cause capital gains tax rates to exceed tax rates on ordinary income.))
+1 well stated.

I've TRIED to explain this stuff for a couple of years now, the clueless and uneducated just don't get it.

"they do believe in the following myths"
"Capital gains tax cuts benefit the "wealthy" and no one else."

Of the last 6 individual tax returns I prepared, 5 of them had capital gains treatment AND none of the 5 individuals/families had gross income (from wages) over $77K, one of them was around $45K.

To say that capital gains only benefits the wealthy is a great example of the "clueless and uneducated"...
Informed Opinion

Alva, FL

#6478 Apr 8, 2013
Aggie23 wrote:
<quoted text>Absolutely wrong, the low capital gains rate is to encourage the RISK of investing in a venture that MAY pay off or that MAY fail - thus resulting in the loss of the money RISKED in the investment.
Not true.

Anytime an investor doesn't want to "risk" his money, he puts it in a government insured bank account and the bank "invests" it for him, making it available just as if he had invested it himself;

or

The "investor" buys T-Bills which are secured by the full faith and credit if the American Taxpayer.

One thing that never happens is that the funds are not invested.

So there is never a need to incentivize investors - no matter what they do with their money, it's invested - either directly by them, or indirectly by government insured banks.

Since: Jul 12

Villa Rica, GA

#6479 Apr 8, 2013
Bill in Dville wrote:
<quoted text>
+1 well stated.
I've TRIED to explain this stuff for a couple of years now, the clueless and uneducated just don't get it.
"they do believe in the following myths"
"Capital gains tax cuts benefit the "wealthy" and no one else."
Of the last 6 individual tax returns I prepared, 5 of them had capital gains treatment AND none of the 5 individuals/families had gross income (from wages) over $77K, one of them was around $45K.
To say that capital gains only benefits the wealthy is a great example of the "clueless and uneducated"...
I think they get it. They can't be that stupid. They are just government trolls and all they do is deny, deny, deny, just as the government does.

Since: Jan 10

Location hidden

#6480 Apr 8, 2013
Informed Opinion wrote:
<quoted text>
Not true.
Anytime an investor doesn't want to "risk" his money, he puts it in a government insured bank account and the bank "invests" it for him, making it available just as if he had invested it himself;
or
The "investor" buys T-Bills which are secured by the full faith and credit if the American Taxpayer.
One thing that never happens is that the funds are not invested.
So there is never a need to incentivize investors - no matter what they do with their money, it's invested - either directly by them, or indirectly by government insured banks.
Even further proof of the comment below:

"Proof your accountant is wrong if he/she thinks you have a good understanding of the tax system..."

Oh yeah, investing, too.
Informed Opinion

Alva, FL

#6481 Apr 8, 2013
Synergy wrote:
<quoted text>TROLL

BTW, Aggie just took you to school. You needed it!
Ah, Right Wing insult time again.

Synergy is so stupid he was stuck on a broken escalator for 6 hours before he was rescued.

Synergy is so stupid he spent all day trying to drown his pet fish.

Damn, I like arguing the Right Wing way.

To paraphrase from the movie "As Good As It Gets", how do you think like a Right Wing Wacko:

“I think of a normal man, and I take away reason and accountability.”
Informed Opinion

Alva, FL

#6482 Apr 8, 2013
Bored wrote:
<quoted text>Libtards don't understand effects & results.

Don't understand how lowering capital gains taxes affect the economy.

Don't understand the double taxation of capital gains and the penalty of long term inflation on certain held capital.

Don't understand the damage that capital taxes does to most middle and low income people.

Don't understand a long term held capital gain,(like land, house, etc) sold after many years of ownership, and taxed in one year at the "now" value of the capital which includes the inflated cost.

Don't understand that government creates a devaluation of currency by creating more fiat money.


they do believe in the following myths;

Lowering capital gains tax rates will not help the economy.

If there is a capital gains tax cut, it should be temporary and it should not be available to all investors.

Cutting capital gains tax rates will cause stock markets to fall.

Capital gains tax cuts benefit the "wealthy" and no one else.

Lowering capital gains tax rates will not lead to more investment.

Government cannot "afford" large and permanent cut in capital gains tax rates.

Capital gains already receive preferential treatment because they are taxed at lower rates than ordinary income.
((Fact: Double-taxation of investment returns and taxing inflation cause capital gains tax rates to exceed tax rates on ordinary income.))
Yea, take us to school -

Let's see- what have we learned :

Reagan - cut taxes on the rich and on their capital gains - exploded the deficit and tripled the national debt.

Bush - cut taxes on the rich and on their capital gains - exploded the deficit and doubled the national debt.

Right Wingers - just too damn stupid to learn from experience.

Now they want to cut taxes on the rich and their capital gains - Jeez - what in the world do you think might happen ?

Since: Jan 10

Location hidden

#6483 Apr 8, 2013
Bigdave1 wrote:
<quoted text>
I think they get it. They can't be that stupid. They are just government trolls and all they do is deny, deny, deny, just as the government does.
There's a difference between stupid and ignorant. Ignorant means you don't know something, but might be able to learn or comprehend it. A long time ago, in a galaxy far, far away, I was ignorant about how to drive a manual shift transmission. I learned.

MANY people are ignorant about how the tax system works, but could learn the basics if they wanted.

Frankly, IMHO, MANY just aren't smart enough to get it, but that may be more of an indication of how complex our tax system is...

That being said, if one doesn't pay income taxes, does one really care about the tax system?
ChicknButt

Douglasville, GA

#6484 Apr 8, 2013
Synergy wrote:
<quoted text>
Well, the woman running for PRESIDENT will HAVE to win. So, the republicans probably won't run much of anyone. I hope they do, but I have my doubts. Of course, if another democrat wins then that will pretty much be it for this country. Oh, well.
I see. It's all part of the Republican plan to look like complete idiots for 25 years and run morons as candidates, and lose every election except for that one where their man destroyed the economy of the United States of America.

Explain to me what that plan is supposed to do again?
Bored

Commerce, GA

#6485 Apr 8, 2013
Bigdave1 wrote:
<quoted text>
I think they get it. They can't be that stupid. They are just government trolls and all they do is deny, deny, deny, just as the government does.
Yes, they really are that stupid.
ChicknButt

Douglasville, GA

#6486 Apr 8, 2013
Synergy wrote:
<quoted text>
Whomever the republicans run, I'll bet they'll know how many states we have. The GAff that will never be surpassed.
Do you REALLY think that Obama doesn't know how many states there are? You just like that one because you hate Obama.
Synergy wrote:
<quoted text>
At least what Romney said was true.
I believed him. He really DOESN'T care about anybody but the wealthy and corporations.
Informed Opinion

Alva, FL

#6487 Apr 8, 2013
Bill in Dville wrote:
<quoted text>Proof your accountant is wrong if he/she thinks you have a good understanding of the tax system...
I'm sure he'll be devastated by the criticism. As a former IRS auditor, a CPA, and an Enrolled Agent and CPA with over 30 years tax experience, who has handled our personal and business taxes for years, he probably just doesn't get it.

I hope he can live with the angst.
ChicknButt

Douglasville, GA

#6488 Apr 8, 2013
Aggie23 wrote:
<quoted text>
Absolutely wrong, the low capital gains rate is to encourage the RISK of investing in a venture that MAY pay off or that MAY fail - thus resulting in the loss of the money RISKED in the investment.
You say that almost like you believe it. But really, nobody is that stupid.
Informed Opinion

Alva, FL

#6489 Apr 8, 2013
Bill in Dville wrote:
<quoted text>There's a difference between stupid and ignorant. Ignorant means you don't know something, but might be able to learn or comprehend it. A long time ago, in a galaxy far, far away, I was ignorant about how to drive a manual shift transmission. I learned.

MANY people are ignorant about how the tax system works, but could learn the basics if they wanted.

Frankly, IMHO, MANY just aren't smart enough to get it, but that may be more of an indication of how complex our tax system is...

That being said, if one doesn't pay income taxes, does one really care about the tax system?
I guess you'd know.

Tell us.
ChicknButt

Douglasville, GA

#6490 Apr 8, 2013
Bored wrote:
<quoted text>
Libtards don't understand effects & results.
Sure we do. Put Republicans in office and the middle-class spends the next year rubbing its butt.

Cause-effect. Simple.
ChicknButt

Douglasville, GA

#6491 Apr 8, 2013
Synergy wrote:
<quoted text>
That would take care of the racial issue EXCEPT under Obama's reign, race relations have regressed by YEARS
They haven't regressed. The Tea Party just encouraged the racist rednecks to be more vocal and out-of-the-closet.

http://colorlines.com/archives/2012/08/rnc_at...
Bored

Commerce, GA

#6492 Apr 8, 2013
Informed Opinion wrote:
<quoted text>
Not true.
Anytime an investor doesn't want to "risk" his money, he puts it in a government insured bank account and the bank "invests" it for him, making it available just as if he had invested it himself;
or
The "investor" buys T-Bills which are secured by the full faith and credit if the American Taxpayer.
One thing that never happens is that the funds are not invested.
So there is never a need to incentivize investors - no matter what they do with their money, it's invested - either directly by them, or indirectly by government insured banks.
And you consider that a good deal?
What a dufus!
Banks paying 1/2 of 1% on savings.

Federal Reserve cranking up the printing presses to print paper money to buy Government bonds NO ONE else will touch. Backed by the full faith and credit of the American Taxpayer, whose dollars are worth less with every new dollar printed to fund runaway government spending.

I hope you have to work and pay taxes till the day you die because you support such a sorry way of governing.




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