You just don't get it. WEALTH isn't taxed, income is. What people have already retained as wealth has already been taxed and can't be (legally) taxed again. Once the income tax gets high enough, people will stop drawing a salary and using their wealth to finance business, which will cut jobs. When these businesses are taxed so high that it cuts into their profits (and dividends for investors), the investors will take their money out & jobs will be cut to correct the problem. You (big government types) CANNOT regulate profits by increased taxation, except at the expense of jobs.<quoted text>
As usual, your math is off.
A lot of the debt from O's Admin. was put on the Credit Card by W. Bush: two wars, Sr. Rx and cuts to W's base (1%).
O. got rid of one war and made Sr. Rx better, but you people just will not allow him to raise taxes on the very people with the money - and they refuse to create good jobs as they promised the Clown GW Bush!
SOLUTION: Lots and lots of GOOD JOBS!!!!!!!!!!
Will take a lot of people off of welfare.
Will take a lot of people off of unemployment ins.
Will allow people to pay for their own healthcare.
Will allow more people to go to school.
Will allow more people to pay taxes.
You really do need to work on your math skills.
Aren't these the things you keep saying you want to happen??????
#1741 Mar 16, 2014
#1742 Mar 16, 2014
How do you think you're going to increase taxes on job providers AND increase jobs? Talk about an ass-clown!
#1743 Mar 16, 2014
If breaking the law means someone can't be in politics then Clinton, Bush and O all did cocaine. And Clinton committed a FELONY when he lied to the federal grand jury. That's why he was impeached. And we all know he did the right thing and resigned right? You were in the front row screaming for his righteous removal, weren't you? Of course not you hypocrite!
#1744 Mar 16, 2014
Well, first of all, the US needs to stop spending trillions of dollars pounding sand in Buttfuckistan and such. Invest those dollars in US infrastructure. You don't see China blowing their wad on forign wars, do you?
The biggest long-term threat to American security? A shitload of uneducated, untrained citizens and high corporate taxation and policies that do not encourage investment and manufavturing within the US. WE have become our biggest enemy ... Dysfunctional Congress, obsession with intervening in the affairs of foreign countries. Decay from within.
Vote Mary Landrieu ... Crazy to give up the seat of a ranking Senator.
#1745 Mar 16, 2014
Well, the simole solution to that is: a dollar's a dollar's a dollar. By that I mean that all income should be subject to the same tax rate, regardless of the source of that income. So whether you earn your income from a paycheck, business profits, investment income ... It is all taxed at the same rate according to your income bracket. There is no logical reason why hedge funds only pay a 15% tax rate or the preferred rates given to carried interests in the private equity markets while labor isvtaxed at a much higher rate. The tax code is rigged for lower tax rates on passive income (ie: income from investments in stocks & securities) versus the majority of Americans whose income is from labor.
#1746 Mar 16, 2014
Long term threats come after short term threats. Short term threats can make long term threats inconsequential. What does it matter if our kids are dumb or if bridges are falling down 20 years from now if terrorists drop nuclear bombs on us in 5 years? The most immediate threats have to be taken care of first. Unlike Obama, who is allowing Putin to leave footprints all over his ass.
I'd rather have an honest junior senator than the liar we have in there now as the head of EVERY subcommittee. Who needs a ranking snake, who sold us out in the Louisiana Purchase for a few bucks? Living Wage will love the "source"!: http://www.huffingtonpost.com/2010/02/05/mary...
Did Mary's deal help the cost of Obamacare?
#1747 Mar 17, 2014
Wealth is NOT income. Don't you get it? Wealth is what is left after taxes have already been paid, it isn't (legally) taxed again. The majority of this wealth has been taxed at the highest rate. The tax code is rigged, alright. The lower income people not only do not pay taxes, but get a refund. The highest income people pay the majority of the taxes already, and people like Living Wage want to gouge them even more.
If people want fair, they should all want a flat sales tax instead of income tax.
#1748 Mar 17, 2014
Can you read? I spoke of taxing all INCOME at the same tax rate regaredless of its source, be it from labor, business profits or investments.
Tell me, just how much in taxes do you think someone earning $7.75 an hour, with 2 children can afford to pay?
#1749 Mar 17, 2014
Lower tax rate on investment income is an incentive for people to invest.
"From each according to ability, to each according to need", right?
#1750 Mar 17, 2014
Yes, that is the bullshit logic. But break it down to practicality. If you don't have money, you've got nothing to invest ... You simply cannot. So the only people who benefit are those with free cash ie: the wealthier. Over the past 30 years when these tax privileged rate were put into effect, capital has now become available on a global basis, so it is not longer necessary to incentivise investment in the stock market. What is needed is a lot more private equity in the small business market.
People who can will invest regardless of the tax rates. If all income were taxed at the same rate regardless of its sources, people would invest in whatever interests them. I know very few people who make investments based on the tax ramifications of the investment, but on the returns.
One needs to first eat, have a place to live, have transportation to get to work ... Without any of these, you simply cannot work. These take priority over paying taxes. Forcing people into more dire economic conditions is not a recipe for a healthy economy, nor society. People got mouths to feed and the government can't control it's spending.
I'd much rather have busted the bank on US infrastructure, than pounding sand in Iraq under false pretenses.
#1751 Mar 17, 2014
No, you really don't get it.
Wealth comes from "UNEARNED INCOME" taxed at a very low rate; Mitt Romney comes to mind. Like Warren Buffet said, we need to change the law.
Mitt Romney was talking about the good old days of the 50's,
Old Mitt would not have the wealth if things had stayed the same.
Isn't it time the working people get a break?
Lots of good jobs is the solution.
Check this video from FDR and his Second Bill of Rights. Quite telling.
#1752 Mar 17, 2014
Experimenting with drugs, really? We would have most of Congress and Most of the US in jail. Keep in mind, they were NOT DRUG LORDS.
Clinton was pushed into lying by Kenneth Star. Clinton was wrong, but so was Kenneth Star. Star paid the ultimate price for it though.
WOW, so you are sayings "screw the bible". Men, you go buy yourselves a whole bunch of prostitutes. Just remember to have your little woman wife stand by you when you say "sorry", right? Don't you Christians, like David Vitter, talk about Christian "FAMILY" values? Didn't he campaign on those? I remember his silly commercials. Broke his vow to his wife and lied to the people of LA and didn't have decency to RESIGN in shame like Wiener. You people seem to tolerate all this from Repubs, but not from Dems - isn't that a double standard?
David Vitter Tweet To Young Woman Was 'Inadvertent Staff' Mistake, Says Spokesman
David Vitter, because of his, and I am going to call it "weakness", was very ineffective in Congress. Why would we want that in Louisiana? I know we CAN DO BETTER!
#1753 Mar 17, 2014
Actually, you're both wrong. Wealth is the accumulation of after-tax earned income. It is the capital that accumulates, after-tax, wherein your combination of income from labor, business profits and investments is more than your consumption of that income. Someone can make a lot of money, but not be wealthy because they spend all of their income. The more you save, the more you have to invest and at preferential tax rates, the wealthier you become.
The preferentially lower tax rates on investment income and the relatively higher tax rate on labor and business income is a big contributor to the growing income gap in the US.
#1754 Mar 17, 2014
Oh, yeah, you are correct. That is what has been happing over and over again since Ronald Reagan dropped the rate from 90% to 10%, NOT.
Oh, NO - that's when middle class jobs (with Reagan's new trade polices) went overseas. Remember, China? anyone? anyone? anyone?
Give the working person a break. Earned income should NOT be at a higher rate than Unearned income.
Before Reagan, companies paid their employees before they gave the money to the Gov't. Workers were better able to provide for their families' needs.
Money motivates EVERYONE!!!! Money is why you get up and go to work. It is NOT about creating another family!!!
#1755 Mar 17, 2014
One more thought, "Vitter is "NO" Pres. Clinton any day of the week".
Let's be real!
Clinton Admin. keep us out of ground war and balanced the budget with a surplus. It went way down hill with the next guy. You need to accept that if history is not to repeat itself!
#1756 Mar 17, 2014
NewsFlash: Kids in the US rank 15th globally in education. 50% of the bridges in the US do not pass inspection. The internal crisis is already here.
You're buying into the tired, old military-industrial complex argument that is going to bankrupt this country someday - we're going to defend ourselves to death. The US spending on defense is the combined amount of the next 10 countries, including China and Russia. The seeds of the Islamic terrorism that we are seeing in recent years were sown many years ago during the Reagan administration. Hopefully, if terrorists drop a nuclear bomb on us, it will only kill the stupid kids and destroy the crumbling bridges.
Now, Obama and Putin. Well, Putin's actions, and the fact that he knows he can get away with it, were sown during the George W Bush administration when Putin invaded Georgia and annexed a couple of its territories. What did George Bush do in response? Exactly the same thing Obama is doing regarding Crimea.
The Crimeans are of Russian heritage and this is in Putin's backyard. We have no leverage there, particularly considering that Putin supplies Germany 40% of its natural gas. If the Crimeans vote to join Russia ... fine. Isn't going to affect us in any significant way. Putin knows his economy will take a hit for a bit, and then all will go back to normal.
We also don't have much moral high ground here having invaded Iraq under false pretenses. And, Osama Bin Laden is dead. What the F are we still doing in Afghanistan? Waste of money, time and lives.
#1757 Mar 17, 2014
Wealth does NOT come from a job. At least the wealth I am speaking of. Earned income (middle class) is taxed at a higher rate than unearned income. Middle Class spend more for housing, autos, education.... Working people need a break!
I am speaking about lowering the profit margin by taxes or employers paying a "living wage".
Just look at the video of FDR's speech. Quite telling.
People like Mitt Romney (equity firms) paid investment "unearned" tax rates on their earned income because they held the accounts open for longer than a year. That is what Ann Romney was speaking about when she said it was "all legal". And why W. Buffet said "change the law".
Low tax rate on investment income encourages ill will towards the working poor.
We need the money to fix our infrastructure and put people to work in good jobs so they can pay for their families' needs and pay taxes. In other words, "circulate money in the economy"! This WILL make for a united and secure USA!
The current tax laws work against the hard working people of the US. There is over 67,000 pages of IRS tax code. Who do you think that benefits?
If businesses do not want to pay taxes, then they should be required to pay a certain min. wage. Taxes MUST be collected to run this great country!
#1758 Mar 17, 2014
Wealth can come from any source ... Job, business, investments. It is the accumulation of capital.
Yes, I agree with you that the tax code is in drastic need of reform and simplification. But, when Obama announced his top ten initiatives for his second term ... Tax code reform was not even on the list!
Small business and a healthy middle class earning a decent wage are the bedrock of the US economy. You can't have one without the other. Someone who is very wealthy can only consume so much, and it's not enough to make a difference.
#1759 Mar 17, 2014
Oh, and by the way ... Increasing taxes isn't the solution either. Making the tax code more fair is a step in the right direction.
Increasing wages can help. Do you know that most WalMart employees are employed, but are also on some form of public assistance? So, WalMart is profiting from low wages it pays and the taxpayers are footing the bill for the balance. Now, do you feel good about subsidizing WalMart's low wages with your tax dollars?
#1760 Mar 17, 2014
Excuses, excuses for those you agree with. No mercy for those you don't. That's why your opinions are hypocritical. And Caesar is not God. That's what the Marxists preach, not Christians.
BUT, if you had half a brain and realized on your own that David Vitter, Bobby Jindal and Bill Clinton are all Rhodes Scholars and are working for the true "1 percent", then that would have impressed me. So once again I am left disappointed by your inability to think past your brainwashing.
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