Taxes on the rise

[Turfgrass]

Obama said it.
I believe it.
That settles it.

Why fight Obama? Assimilate now, smile and nod.

 

[DOGS THAT BARK]

I could easily be wrong, I doubt you will see any tax increases in the forseeable future. I do think the upper 3% tax cut will lapse. I would also bet the middle class bracket will probably receive another cut.

As for seeing more facts, all you need is the great depression. Cutting the deficit and tax cuts killed us then. All those Bush tax cuts wouldn't work now. You have the public on your side big time, and I don't see it changing. So my prediciction for a recovery in 5-6 years goes out the window. We are in for a bad ride to the bottom. That's what happens when politics trumps what is right for the country. I just don't understand how those sworn to put America first can do it.

1st part -tax increases
I'll wager we see some of largest in history in 2011.

2nd part--middle class another tax cut?
When was the last one-which brackets and what % was it?

 

[kcwolf]

2nd part--middle class another tax cut?
When was the last one-which brackets and what % was it?

After that comment, a good discussion just ended.

 

[DOGS THAT BARK]

Sorry KC but in my view -a rebate isn't a tax cut and if my taxes go up they are increased
they can disguise them by calling them fees/surcharges/fines etc --but they are still taxes.

Remember this exchange between O and Stephanopoulos--


President Obama and ABC News' George Stephanopoulos got in a testy sparring match Sunday over whether the president's health care plan includes a tax increase, leading the host to look up the Merriam-Webster dictionary definition of taxes.
In the interview airing Sunday, Stephanopoulos pressed the president on his plan to require people to purchase health [COLOR=blue !important][FONT=arial, sans-serif][COLOR=blue !important][FONT=arial, sans-serif]insurance[/FONT][/FONT][/COLOR][/COLOR].
"Under this mandate, the government is forcing people to spend money, fining you if you don't. How is that not a tax?" the host asked.
Obama responded: " No, but -- but, George, you -- you can't just make up that language and decide that that's called a tax increase."
Stephanopoulos then offered the dictionary definition.
"I don't think I'm making it up. Merriam-Webster's dictionary: 'Tax, a charge, usually of money, imposed by authority on persons or property for public purposes,'" he said.
Visibly taken aback, Obama rejected the notion it was a tax increase and said pulling the dictionary out was a sign the host was "stretching" a little.
"No. That -- that's not true, George. The -- for us to say that you've got to take a responsibility to get [COLOR=blue !important][FONT=arial, sans-serif][COLOR=blue !important][FONT=arial, sans-serif]health [/FONT][COLOR=blue !important][FONT=arial, sans-serif]insurance[/FONT][/COLOR][/FONT][/COLOR][/COLOR] is absolutely not a tax increase," Obama said

 

[Chadman]

Wayne, exactly what did Obama have to do with the previous tax levels, and the tax cut and expiration plan enacted by the Bush administration? What plan, and what President enacted the legislation that would put the tax levels at the levels that they will be at in 2011?

Obama or Bush?
:0corn :0corn :0corn

 

[THE KOD]

Wayne, exactly what did Obama have to do with the previous tax levels, and the tax cut and expiration plan enacted by the Bush administration? What plan, and what President enacted the legislation that would put the tax levels at the levels that they will be at in 2011?

Obama or Bush?
:0corn :0corn :0corn

..............................................................

This is the type question DTBlackgumby hides under the table never answering.

 

[DOGS THAT BARK]

Wayne, exactly what did Obama have to do with the previous tax levels, and the tax cut and expiration plan enacted by the Bush administration? What plan, and what President enacted the legislation that would put the tax levels at the levels that they will be at in 2011?

Obama or Bush?
:0corn :0corn :0corn

O has option to let tax cuts expire or keep them--does he not?

Maybe this will clarify things a bit--there were/are choices. Just like using 1/3 of stimulus to for increasing entitlement programs for his pararsitic base of society.


http://www.taxfoundation.org/blog/show/23852.html
Obama Lets Part of Bush Tax Cuts Expire; McCain Lets Virtually None Expire

by Gerald Prante
Today at NRO, Mark Levin has a brief post that is designed to link to an American Thinker piece that contains all sorts of calculation errors about Obama's tax proposals. Here's what Levin says:

We too often ignore the fact that Obama's policies would allow the Bush tax cuts to lapse, which would significantly increase taxes on individuals earning $25,000, $50,000, and $75,000 a year. And his plan to lift the cap on Social Security taxes will directly increase taxes on individuals earning far less than $250,000 a year. Moreover, Obama's tax increase on capital gains will ensnare many who are "middle class" income-earners. Obama intends to tax the heck out of everyone, including the "middle class." Here's a very good, common sense piece from the American Thinker.
​

Obama's income tax plan is relatively clear. There are only a few parts of the Bush tax cuts that are not extended under Obama. They include: reducing of the top two rates (33 goes to 36 and 35 to 39.6), PEP/Pease reinstated, lower rates on cap gains and dividends (Obama pushes them from 15 to 20), and the estate tax (Obama brings it back as does McCain albeit at a lower level than it is set to be in 2011). Except for the estate tax, McCain basically extends the Bush tax cuts 2010 law going forward.
Somebody earning $50,000 would not face a direct tax hike under Obama's tax plan as stated by his advisers. They would likely receive a tax cut given Obama's proposed credits, although it's basically just a handout. (There are lots of tax cuts that are just handouts and really no different than government spending.) If you want to argue that the higher rates on those at the top will reduce investment and thereby have trickle-down effects on those in the middle, you can argue that. But it's still likely that Obama's plan would on net reduce the tax burden of a person making $50,000 when you balance the lower wages due to higher taxes on investment of those at the top and the tax cut/handout the person is receiving in the form of a tax credit from Obama's plan.
I mean, isn't this "sharing the wealth" what the McCain campaign has been saying for the past three weeks? You can't deny that somebody is getting it.
+++++++++++++++++++++

-response was bit lengthy but you had 3 boxes of popcorn--so figured you had time :0008

 

[DOGS THAT BARK]

..............................................................

This is the type question DTBlackgumby hides under the table never answering.

Can't think of any questions I never answered except being able to name all of "H"s brothers and sisters--but neither can he or you.


Did you ever find any of those 100,000+ on CNN poll wanting to make wager you kurby from--we heard a squeek out of you since?

--speaking of CNN--



Here something you might have missed from CNN- appears you been getting some real "fair and balanced" news for past 20 years on middle east.

http://www.foxnews.com/world/2010/07/07/cnn-editor-fired-tweet-congroversial-lebanese-leader/

CNN Editor Fired

CNN has fired Octavia Nasr, a senior Mideast editor, after her post on Twitter about the death of one of the forefathers of Hezbollah raised concerns at the network about her journalistic credibility.
Nasr had tweeted: "Sad to hear of the passing of Sayyed Mohammed Hussein Fadlallah... One of Hezbollah's giants I respect a lot." A blog post later explained her position on the subject, but it wasn't enough to convince the channel she could stay in her position.
In an internal CNN memo obtained by Mediate.com, Parisa Khosravi, senior vice president of CNN International Newsgathering, said, "At this point, we believe that her credibility in her position as senior editor for Middle Eastern affairs has been compromised going forward. As a colleague and friend we?re going to miss seeing Octavia everyday."
The memo also said Nasr, "fully accepts that she should not have made such a simplistic comment without any context whatsoever."
The Atlanta-based Nasr worked at CNN for 20 years, starting as an assignment editor on the international desk. Her job was mostly off the air, but she occasionally would appear as an onscreen analyst during discussions of Middle Eastern news.

 

[THE KOD]

Did you ever find any of those 100,000+ on CNN poll wanting to make wager you kurby from--we heard a squeek out of you since?

--speaking of CNN--

...................................................................

I dont bet on something with 50/50 odds

I will tell you one thing. If the Repub dont take over in November.

you neocons are fawked :142smilie :142smilie

 

[hedgehog]

I am taking some big losses to offset the tax hike :00hour

 

[Trampled Underfoot]

I am taking some big losses to offset the tax hike :00hour

Is that why you keep making square wagers?

 

[kcwolf]

Warren Buffett says "we're on the right course" and encourages President Obama to speak with "enormous confidence" about the country's economic future. He says the stimulus is working and the economy will improve in the next 2-3 years. "We're hiring," he adds referring to many of his Berkshire Hathaway companies, another sign that the recovery is on track.

That works for me. I've been watching the hiring numbers and they have been encouraging. I could bring up the chart............

 

[DOGS THAT BARK]

Warren Buffett says "we're on the right course" and encourages President Obama to speak with "enormous confidence" about the country's economic future. He says the stimulus is working and the economy will improve in the next 2-3 years. "We're hiring," he adds referring to many of his Berkshire Hathaway companies, another sign that the recovery is on track.

That works for me. I've been watching the hiring numbers and they have been encouraging. I could bring up the chart............

In the interview, Buffett says ?we?re on the right course? and encourages President Obama to speak with ?enormous confidence? about the country?s economic future. He says the stimulus is working and the economy will improve in the next 2-3 years.

--I see he thinks it is important for O to show confidence--could that remotely be his reason?? -along with consumer confidence relation to his stocks??

--and on his- stimulus is working--I put that right in there with his secretary pays more taxes than him--line.

Maybe he or you have some charts depicting that stimulus passed in middle of night that per O and admin that was necessary to keep unemployment below 8%--:SIB