Obama Clarifies Scope of Capital Gains Tax Hike

[Straw Man]

There seem to be quite a lot of professionals on getbig so I think your assumption is quite low, but typical of a liberal to assume he knows better than anyone else.

Stick to the issue.. Obama is another tax and spend liberal without a doubt.  Even if McCain ends up doing the same thing there's no way to know right now.  As for Obama it's pretty much guaranteed. 

I'd bet a dollar that GB is similar to the US in terms of median income but that was not even the point of my post.

My point was that Cap Gains are not an issue for the majority of the population (including myself).

Borrow and spend is worse than tax and spend and the Repubs are masters of the borrow and spend and that's a redistribution of our national wealth to the countries who hold our debt and the private contractors/industries with ties to the administration who get no bid contracts and waste our money.

[youandme]

I'd bet a dollar that GB is similar to the US in terms of median income but that was not even the point of my post.

If were going to bet let's raise the ante to 10,000,000.00 hell, all in a days pay, right.

[Decker]

So if you make more you pay more in taxes. Congratulations on your success. Typical socialist crap.

This is why I'm not voting for that socialist knob. I don't need to give more of the money that I work for to Nobama and his liberal fascist hacks.

That money can be better put to use for my family.

The flip side of this argument is that you are defending typical elitest crap.  The insulation and protection of the wealthy is a fulltime job.  Any bite out of their bottom line seems to be characterized as socialism.

Couple that notion with the idea that government is fatally flawed and unable to perform the most basic of functions for America, (except for redistributing money/value via gov. contracts, free R&D, free infrastructure and free tax breaks to the wealthy), and we have a government by and for the people that does not and can not serve the interests of the people.

I see common societal interests beyond only the military and contract enforcement and those interests should be served....interstate infrastructure, education, alternative energy etc.

[Decker]

I'd bet a dollar that GB is similar to the US in terms of median income but that was not even the point of my post.

My point was that Cap Gains are not an issue for the majority of the population (including myself).

Borrow and spend is worse than tax and spend and the Repubs are masters of the borrow and spend and that's a redistribution of our national wealth to the countries who hold our debt and the private contractors/industries with ties to the administration who get no bid contracts and waste our money.

That's a great point.  Government not only is an organizational entity, it redistributes to effectuate organizational goals.  Government always redistributes wealth....for what purpose(s) is another matter.

[w8tlftr]

How much did all the tycoons on this board pay in Cap Gains tax last year?

More than I wanted to (but 15 percent is better than 25). I also had to pay the AMT this year.

Did you?

[w8tlftr]

The flip side of this argument is that you are defending typical elitest crap.  The insulation and protection of the wealthy is a fulltime job.  Any bite out of their bottom line seems to be characterized as socialism.

Couple that notion with the idea that government is fatally flawed and unable to perform the most basic of functions for America, (except for redistributing money/value via gov. contracts, free R&D, free infrastructure and free tax breaks to the wealthy), and we have a government by and for the people that does not and can not serve the interests of the people.

I see common societal interests beyond only the military and contract enforcement and those interests should be served....interstate infrastructure, education, alternative energy etc.

Decker, I think you and I have discussed this enough for you to know that I'm not defending typical elitist crap. I defend what is mine and my family's.

I respectfully disagree with you on the progressive tax system. I think it's wrong but still respect your position on it (because I can actually have a civil discussion with you).

[Decker]

Decker, I think you and I have discussed this enough for you to know that I'm not defending typical elitist crap. I defend what is mine and my family's.

I respectfully disagree with you on the progressive tax system. I think it's wrong but still respect your position on it (because I can actually have a civil discussion with you).

I'm not accusing you of doing that.  I'm just pointing out that government exists as an organizational phenomenon that redistributes wealth.  Taxation based on the ability to pay has a certain sensibility.  The redistribution of that tax income is a fact of government.  Whether that redistribution flows up or down is another matter...a policy matter.

I know you don't care for the progressive tax code and I respect that.  I disagree with that b/c I think those with the strongest arms should do the heaviest lifting....those that earn the most should pay more.

I enjoy your points of view as well.  Now if I could only make some headway into changing your views on that....

[w8tlftr]

I'm not accusing you of doing that.  I'm just pointing out that government exists as an organizational phenomenon that redistributes wealth.  Taxation based on the ability to pay has a certain sensibility.  The redistribution of that tax income is a fact of government.  Whether that redistribution flows up or down is another matter...a policy matter.

I know you don't care for the progressive tax code and I respect that.  I disagree with that b/c I think those with the strongest arms should do the heaviest lifting....those that earn the most should pay more.

I enjoy your points of view as well.  Now if I could only make some headway into changing your views on that....

The burden is a lot easier to lift when everyone does their part. It doesn't require those with the strongest backs to do more and those with weaker backs to do less. IMHO, it requires everyone simply do their part. The burden is distributed evenly and the weight is lifted. Otherwise those doing all the work become jaded and resentful towards those barely pulling their weight - especially when they are capable of doing more.

[Brixtonbulldog]

My point was that Cap Gains are not an issue for the majority of the population (including myself).

Borrow and spend is worse than tax and spend and the Repubs are masters of the borrow and spend and that's a redistribution of our national wealth to the countries who hold our debt and the private contractors/industries with ties to the administration who get no bid contracts and waste our money.

So what?  CG not affecting the majority doesn't mean it's constitutional to harm those it DOES affect.  It's not a right to be able to punish people for being successful.  It IS a right to be able to have some say over how much of your income gets to be taken from the gov't, NOT everyone else's.

We do not live in a socialist country (at least, it wasn't intended to be).  Instead of saying tax and spend is worse than borrow and spend why don't we actually move to some real accountability for what IS spent.  Part of being free is not being taxed to solve every gov't blunder but to more closely control those who do get to decide where our tax dollars go.  We're taxed enough as it is, especially business'.  It's time to put some controls on the gov't vacuum, not enlarge it. 

[Straw Man]

What is it about neocons and the inabilty to understand simple math?

If you like the economic policies of George Bush and you think things are going just swell then vote for McCain.   

Wage earners (i.e. paid on a W-2) who earn less than 200k+ would be fools to vote for McCain soley on the issue of taxes. 

You know the old saying about a fool and his money

[youandme]

What is it about neocons and the inabilty to understand simple math?

If you like the economic policies of George Bush and you think things are going just swell then vote for McCain.   

Wage earners (i.e. paid on a W-2) who earn less than 200k+ would be fools to vote for McCain soley on the issue of taxes. 

You know the old saying about a fool and his money

Can you please start another thread titled "Obama clarifies Scope of Aborting a live baby, after birth"

That would be great.

[Brixtonbulldog]

What is it about neocons and the inabilty to understand simple math?

If you like the economic policies of George Bush and you think things are going just swell then vote for McCain.   

Wage earners (i.e. paid on a W-2) who earn less than 200k+ would be fools to vote for McCain soley on the issue of taxes. 

You know the old saying about a fool and his money

Please.. the Dem assembly of Maryland is raping my paycheck as we speak. 

The idea is that a person has the opportunity in this country to be successful and make a lot of money if they try hard enough.  Me not making $200k and above doesn't mean I should vote for a guy who will take $$$ from those who do and give it to me.

[Straw Man]

Can you please start another thread titled "Obama clarifies Scope of Aborting a live baby, after birth"

That would be great.

what is it that you didn't understand in this thread?

if your AGI is > than 250k then you might have to pay 5% more on your cap gains.

is that too complicated for you?

[Straw Man]

Please.. the Dem assembly of Maryland is raping my paycheck as we speak. 

The idea is that a person has the opportunity in this country to be successful and make a lot of money if they try hard enough.  Me not making $200k and above doesn't mean I should vote for a guy who will take $$$ from those who do and give it to me.

you'll have more money in your pocket with Obama

If you don't get that then vote for McCain

it is not complicated

[youandme]

what is it that you didn't understand in this thread?

if your AGI is > than 250k then you might have to pay 5% more on your cap gains.

is that too complicated for you?

Wow, you have shown your true colors in this thread from an internet millionaire to a complete dumbass.

[Straw Man]

Wow, you have shown your true colors in this thread from an internet millionaire to a complete dumbass.

I never said I was a millionaire dipshit

how about responding to my statement

it's not hard to understand (well maybe it is for you)

[youandme]

LMAO, I'm glad you understand simple numbers.

But I'd like to hear if you can even pinpoint on the effects of this revised tax porposal and how they relate to the warfare state colliding into a welfare state, and the processes of his plans of highlighting parliamentarization and bureaucratization into the costs of war to increase the momentum of diverting resources away from the military towards civilian employement and redisributive transfer.

According to you, the internet millionaire, that understand simple CGT. You can explain how the numbers of this new revision are WAY off with his social programs, unless of course he plans to bankrupt, and devalue the dollar.


Go ahead, were all ears.

[Straw Man]

LMAO, I'm glad you understand simple numbers.

But I'd like to hear if you can even pinpoint on the effects of this revised tax porposal and how they relate to the warfare state colliding into a welfare state, and the processes of his plans of highlighting parliamentarization and bureaucratization into the costs of war to increase the momentum of diverting resources away from the military towards civilian employement and redisributive transfer.

According to you, the internet millionaire, that understand simple CGT. You can explain how the numbers of this new revision are WAY off with his social programs, unless of course he plans to bankrupt, and devalue the dollar.


Go ahead, were all ears.

one thing at a time:

Why do you call me an internet millionaire?

[Brixtonbulldog]

you'll have more money in your pocket with Obama

If you don't get that then vote for McCain

it is not complicated

No I like not living in a socialist country.  If I ever hope to be rich one day I won't want the gov't stepping in to "fair" the income.

Free market capitalism isn't about punishing people for making money and giving it to people who haven't earned it.

[Straw Man]

No I like not living in a socialist country.  If I ever hope to be rich one day I won't want the gov't stepping in to "fair" the income.

Free market capitalism isn't about punishing people for making money and giving it to people who haven't earned it.

then vote for McCain

[youandme]

one thing at a time:

Why do you call me an internet millionaire?

LMAO.

Go ahead take your time to google some stuff, but don't come back unless you can understand macroeconomics on a real world view instead of a boxed up socialistic agenda.

[youandme]

I'd bet a dollar

Haha really while your betting that dollar Soros is beating against you, allint he hopes Obama gets elected and he is bale to devalue the dollar and make billions.

If you knew anything about economics or how to read into this stuff you would see Obama's revised plan, is going to cause alot of trouble for not only the rich but the poor, and the worst - Middle Class.

[Brixtonbulldog]

then vote for McCain

No shit

[Straw Man]

No shit

we're finally in agreement

you should vote for McCain

[Brixtonbulldog]

we're finally in agreement

you should vote for McCain

Alert the press.. this is earth shattering, lol.