I guess Obama is a Republican tonight!

[Guest]

Boy, Can you tell that Obama is running for President?
This has been one of the most ridiculous bunch of BS I have ever heard.
He has said tonight, everything that he has not done or does not believe in as if he has and does.
Wow!

[Guest]

BS-lol. Was talking to Jesse, my "son-in-law to be", on instant message and he gave me play by play of the so called speech. We were calling it BS too. I finally had to ask him to stop before I puke! Jesse thinks Orwell must be doing barrel rolls in his grave.

[Guest]

His statement about believing like Lincoln did, that government should only do for the American people what they can't do better for themselves made me laugh.
He thinks nobody can do it better than government can.
I think this is what the GOP can expect for the next year so Obama can move to the center now to get the independents back. I hope it does not work because it is not honest!

[Guest]

Boy, Can you tell that Obama is running for President?
This has been one of the most ridiculous bunch of BS I have ever heard.
He has said tonight, everything that he has not done or does not believe in as if he has and does.
Wow!

Didn't watch the speech.....but he is about as Republican and Romney is a conservative and Newt a Washington outsider. LOL

[Guest]

Can't argue with that.

[Guest]

There was lots of talk about "fair share" and rich paying more. Look around us, we, that are Villagers, and see what the folks outside the walls think of us. We are RICH, we are 1%, WE have it ALL. I do lots of things outside the prison, err, campus, walls and most folks around us think that we are all RICH, have it ALL. Well maybe you do, but if my wife and I want to do something, take a cruise, a trip, we have to save up for a while. We plan ahead so that we have money to pay for the extras. We are not part of the 1% that Obama was talking about, but people around the Villages don't believe that. He sure was spouting off about "class warfare," and that bother me a lot. I hope that his little stump speech does not start something. Come on November, lets hope that we can change the direction that this country is taking and get rid of the "class warfare" tone of his speeches.

[Guest]

Class warfare is the mantra the Repubs started. :cus:

[Guest]

Provide links on that DaleMN, since it seems that President Obama uses it more and more.

[Guest]

Figmo must be stocking up on his ammo as it sounds as though he is thinking the 99% outside The Villages will be coming for us en masse.

[Guest]

Provide links on that DaleMN, since it seems that President Obama uses it more and more.

Links are overrated. You can find a link for any particular stance you support. I suggest you just listen to the Republican candidates. :cus:

[Guest]

Just as a point of reference, the "top 1%" is having an annual income north of some $380,000/year.

[Guest]

Just another campaign speech, but a very expensive one. The unbearable price being paid is the unity of our nation and society.

Instead of always referring to "those who make over $250,000 per year" in the same sentence with "The One Percent", why doesn't Obama hold up for hatred and demonization the names of

Bill Gates - $59 Billion

Warren Buffet - $39 Billion

George Soros - $22 Billion

Mark Zuckerberg - $17.5 Billion

Steve Jobs - $7 Billion

Oprah Winfrey - $2.7 billion (and imagine that with this net worth, she ranks #139 in the Forbes list of 400 Richest Americans)
The Richest People in America List - Forbes (http://www.forbes.com/forbes-400/list/#p_1_s_arank_All%20industries_All%20states_All%20c ategories_)

It is sickening to see our friends, neighbors and relatives who work themselves to the bone to run a small business, hire people, and yes, earn $250k per year that they report for PERSONAL income tax at the highest rate.....to be lumped in with the likes of the list above...

....as though the small business person is taxed at the same "low" rate as Bill Gates and Warren Buffet!

The distortion in the talk is mind-boggling.

[Guest]

I said this in 2008 on this forum...the President has only a background in working as a community organizer where that was hia job, ie. to promote the class warfare and the "us against them" mentality...that is what he did for a living !!!!

Since then, he has been a politician running for office and please dont tell me he served as a senator...we all know how much he has done that. A career politician with the background he has knows only one thing !!!

[Guest]

There was lots of talk about "fair share" and rich paying more. Look around us, we, that are Villagers, and see what the folks outside the walls think of us. We are RICH, we are 1%, WE have it ALL.

Just as a point of reference, the "top 1%" is having an annual income north of some $380,000/year.

It is sickening to see our friends, neighbors and relatives who work themselves to the bone to run a small business, hire people, and yes, earn $250k per year that they report for PERSONAL income tax at the highest rate.....to be lumped in with the likes of the list above...



What is usually missing in the discussions about taxing the rich and only above $250,000 is this.
Government says that is will not raise taxes on the middle class and then goes out and starts up several new programs. Then directs the states and other government agencies to implement these new programs to help the middle class and poor. So they do or else they are sued by Holder.
These new programs have cost, those cost are passed on to the "middle class" and "poor" as fees and taxes at a local level allowing the government and Obama lie like he did last night went saying he is there to protect the American dream and the middle class.
The fees and taxes that are passed on to the middle class are then raised to a higher level for small business owners like me. If you don't have or never had a small business I am not interested in what you think about how we are treated because you know nothing about it.
All of this is diquised by the federal government and Obama as not raising taxes on the middle class, BS. It is just a shell game and he and everybody in his administration knows what they are doing when masking these TAXES on us by making our state and local governments have to raise them and they get the blame instead of Obama.

I know that these fees and local taxes don't push people over the $380,000 mark that Djplong stated but it still counts and it comes out of your paycheck or bank account everyday.
Obama saving the middle class......not a chance in hell!!

[Guest]

The lies. The blindsightedness. The ignorance. I just can'ts bear it. :cus:

[Guest]

here is all I want. I pay at 28%, Romney and many other multi-millionaires pay at 15%. Until someone can explain to me how this is fair,I opt for income redistribution. And please do not give me the bogus explaination that the richest are the job creators. The rich have NEVER been richer so where wre the jobs. Not around ,you know why....the middle class creates all the jobe because when they have money they buy things,lots of things thus creating jobs.

[Guest]

Figmo must be stocking up on his ammo as it sounds as though he is thinking the 99% outside The Villages will be coming for us en masse.

buggyone, nope not me. I will just tell them to come to your house.

[Guest]

My house is easy to find. It is the one with the "Occupy The Villages" sign on the front lawn - next to the pink flamingo.

[Guest]

The original post pertained to Obama's State of the Union/aka Campaign speech. Did anyone expect anything less than empty romises, misinformation and populist hyperbole.

Obama's populist assualt on the 1% is just that a populist tactic. According to IRS data there are 8,273 other than Romney who made $10 million in 2009.
So Obama's claim that icrease their taxes will pay for his agenda is bupkus.
We are already have a progressive tax in place and hence Obama will have to broaden out his base to pay for his agenda...meaning you and me.

Another fallacy is that Obama doesn't differentiate between "C" and "S" corporation.."C" corporations havethe ability to spread out the tax base and can pass some 70% tax obligations to customers (GE is a prime example) whereas "S" corporations cannot and they represents many of those making over $250,000. so Obama's class warfare is bogus in many ways.

As to the tax system don't blame corporation or individuals for avoiding taxes we all do. Blame Congress they wrote the laws and guys like Chuck Schummer and charlie Rangel have been attentive guardians.

I am not against the wealthy geting wealthy or the taxes they don't pay but I am against how some of them accumulate their wealth

[Guest]

when people quote what they pay VS anybody else PLEASE provide more info.
You CANNOT compare percentages that some pay on investments to what another may pay on wages.

Rich people (pick a number) do not get their money from nor do they pay taxes on wages earned or paid. The tax rates are different for various tax laws.

I don't understand why people try to keep comparing an apple with a watermelon.

It only stirs the pot of the uninformed!!! But that doesn't seem to stop some from continuing to do so!!

btk

[Guest]

I really don't care what they pay on. It's 15% compared to a middle class earner who pays at 28%. The wealthy make a sham of our tax system. It is not fair and balanced.

[Guest]

I really don't care what they pay on. It's 15% compared to a middle class earner who pays at 28%. The wealthy make a sham of our tax system. It is not fair and balanced.

Newt has stated he would abolish all income tax on long term capital gains, meaning mr. romney and others like him would pay 0%.

[Guest]

Another interesting FACT about taxes. If you paid federal taxes in the last 3 years you paid more than 30 Fortune 500 companies combined because they paid $0 in taxes.Some even got money back. And to top it off they made $160 billion in profits. Why is this ?

[Guest]

If someone does not know how to properly spell "Republican", what the he-l are they doing posting something on this site?

[Guest]

If someone does not know how to properly spell "Republican", what the he-l are they doing posting something on this site?

Geeze...that's a little rough, don't you think? And you have never made a spelling error?:undecided:

[Guest]

If someone does not know how to properly spell "Republican", what the he-l are they doing posting something on this site?

Those that walk on water should be care they don't fall off the rocks.

[Guest]

I assume those who are harping about the low 15% rate are willing to have the earnings on their 401-k and other investments that earn interest, pay dividends or realize capital gains would not mind the rate going from 15% to 28% on their investments?

The 15% is not a number just for the "wealthy". It is only another political bone to chew on...or red herring to distract from real issues.

btk

[Guest]

Somebody help me understand. Hasn't the money that has been taxed on Capital Gains already been taxed, when it was originally earned?

[Guest]

Good point sally

[Guest]

Everyone's got to beware of reaching conclusions based on the lies and obfuscations from the administration and the national media. The rich pay much more in taxes than the rest of us, effectively paying about 25%

97% of Americans filing taxes paid 11.9% or less.

Beware False Claims: 'Romney's Tax Rate Is Below That of Most Wage-Earning Americans' | NewsBusters.org (http://newsbusters.org/blogs/noel-sheppard/2012/01/24/beware-false-claims-romneys-tax-rate-below-most-wage-earning-american)

Mitt Romney to pay $6.2M in taxes for 2010-2011 (http://content.usatoday.com/communities/onpolitics/post/2012/01/mitt-romney-releases-taxes-/1)

The Tax Foundation - Romney (http://www.taxfoundation.org/blog/show/27899.html)

[Guest]

Somebody help me understand. Hasn't the money that has been taxed on Capital Gains already been taxed, when it was originally earned?

No, capital gains are "unearned income". Income which magically appears when the investor sits there, does nothing, and watches a successful investment grow. It can't be taxed previously because it never existed previously.

During the HW Bush years taxes on long term capital gains were 28-33%, rates which are similar to the tax on income that wealthy people paid, and still do pay on income they actually WORK for. I guess they thought that was fair in those days. But Bush Jr. supported lowering the rate to 15%, matching the lowest rate in history. Those who say a low rate encourages investment and creates jobs now realize after our experiences with the recession, that lower capital gains rates only increase the national deficit and put extra money in the pockets of the wealthy.

[Guest]

No, capital gains are "unearned income". Income which magically appears when the investor sits there, does nothing, and watches a successful investment grow. It can't be taxed previously because it never existed previously.

During the HW Bush years taxes on long term capital gains were 28-33%, rates which are similar to the tax on income that wealthy people paid, and still do pay on income they actually WORK for. I guess they thought that was fair in those days. But Bush Jr. supported lowering the rate to 15%, matching the lowest rate in history. Those who say a low rate encourages investment and creates jobs now realize after our experiences with the recession, that lower capital gains rates only increase the national deficit and put extra money in the pockets of the wealthy.

You're misunderstanding the question. YES; if the money invested was originally INCOME it was taxed before it was invested. Then that investment can generate capital gains which is taxable again.

This is what was meant.

[Guest]

You're misunderstanding the question. YES; if the money invested was originally INCOME it was taxed before it was invested. Then that investment can generate capital gains which is taxable again.

This is what was meant.

Nope. Capital gains are ADDITIONAL income to any previous taxed income. Let's say I earned $1000 taxable dollars in 2012. I invest the remaining $700 in Bain Capital in 2012, which earns, as expected, $7,000,000. My capital gains are $6,999,300. I pay 15% on that figure only, not on the original $700 when I cash out in 2013.

[Guest]

No, capital gains are "unearned income". Income which magically appears when the investor sits there, does nothing,

I just don't like "magically appears" as a description. That just continues to vilify the EARNING of money by investing in companies that "magically" build factories and "magically" hire workers who "magically" show up and produce produces that we "magically" buy and the company then re-invests or returns dividends "magically" to the investor that then has to give 15% of this "magic" to the government that "magically" (and in this case) did nothing to get it.

So no, not magic, it is capitalism!

Now Obama saving the American dream by killing the pipeline and creating 5 or six new agencies plus attacking the "Magically" producing small businesses.

That would be Magic!

[Guest]

Nope. Capital gains are ADDITIONAL income to any previous taxed income. Let's say I earned $1000 taxable dollars in 2012. I invest the remaining $700 in Bain Capital in 2012, which earns, as expected, $7,000,000. My capital gains are $6,999,300. I pay 15% on that figure only, not on the original $700 when I cash out in 2013.

What she meant is that she's spending money that was already taxed to buy the investment initially.

Let me make it simple for you. I earned $1000. It's taxed and I'm left with $850. I take that $850 an invest it. What it earns now is subject to capital gains taxes. OK?; do you get it?

That's all that was meant by the post in question. You are agreeing with me and arguing with me at the same time. You and my wife would get along.

[Guest]

I just don't like "magically appears" as a description. That just continues to vilify the EARNING of money by investing in companies that "magically" build factories and "magically" hire workers who "magically" show up and produce produces that we "magically" buy and the company then re-invests or returns dividends "magically" to the investor that then has to give 15% of this "magic" to the government that "magically" (and in this case) did nothing to get it.

So no, not magic, it is capitalism!

Now Obama saving the American dream by killing the pipeline and creating 5 or six new agencies plus attacking the "Magically" producing small businesses.

That would be Magic!

Maybe you don't get my obvious dripping sarcasm. I used "magic" and other sarcastic terms to underscore the incredible irony in our federal tax system. It is the carefully sculpted monument to the influence peddlers, inside and outside of government.

I dearly LOVE capitalism and respect anyone who slaves over their tasks and makes a big profit. Taking 30% of that back seems too steep, unless one is making at least a million dollars a year. But to take only 15% back on profits billionaires make when they DO NOTHING but WATCH their investment is just plain wrong. It GUARANTEES the wealthy and their heirs will become more wealthy, all of which happens without working.

So you probably think I hate Romney because virtually all of his earnings are unearned, and because he will continue to make millions every year in the future - all without working. No, it's ok that he's rich, and I'm ok with that. But there is a great injustice for him to pay 15% on his millions when successful people who work for every dollar have to pay 30%.

Now do you get it?
ps. (get your facts right. The pipeline is not "killed".)

[Guest]

Maybe you don't get my obvious dripping sarcasm. I used "magic" and other sarcastic terms to underscore the incredible irony in our federal tax system. It is the carefully sculpted monument to the influence peddlers, inside and outside of government.

I dearly LOVE capitalism and respect anyone who slaves over their tasks and makes a big profit. Taking 30% of that back seems too steep, unless one is making at least a million dollars a year. But to take only 15% back on profits billionaires make when they DO NOTHING but WATCH their investment is just plain wrong. It GUARANTEES the wealthy and their heirs will become more wealthy, all of which happens without working.

So you probably think I hate Romney because virtually all of his earnings are unearned, and because he will continue to make millions every year in the future - all without working. No, it's ok that he's rich, and I'm ok with that. But there is a great injustice for him to pay 15% on his millions when successful people who work for every dollar have to pay 30%.

Now do you get it?
ps. (get your facts right. The pipeline is not "killed".)

President newt would make it 0%, he said so in the last debate.

[Guest]

thank you ijusluvit for presenting the facts. Those that do not understand the inequality just don't want to. Itdoesn't fit their political thinking.

[Guest]

I just don't like "magically appears" as a description. That just continues to vilify the EARNING of money by investing in companies that "magically" build factories and "magically" hire workers who "magically" show up and produce produces that we "magically" buy and the company then re-invests or returns dividends "magically" to the investor that then has to give 15% of this "magic" to the government that "magically" (and in this case) did nothing to get it.

So no, not magic, it is capitalism!

Now Obama saving the American dream by killing the pipeline and creating 5 or six new agencies plus attacking the "Magically" producing small businesses.

That would be Magic!

:bigbow::bigbow::bigbow:

[Guest]

lets see....killing the pipeline,wrong....creating 5 or 6 new agencies,wrong...and finally attacking small business,again wrong. Wow a perfect score.

[Guest]

lets see....killing the pipeline,wrong....creating 5 or 6 new agencies,wrong...and finally attacking small business,again wrong. Wow a perfect score.

The pipeline is still killed. You didn't get the memo?

[Guest]

The pipeline isn't killed - just that 60-day decision thing. In point of fact, they're meeting in Nebraska talking about re-routing the pipeline AWAY from the aquifier (which is what caused the comotion in the first place).

This is where the rubber will hit the road. When the Nebraska issues are sorted out, what happens THEN? If Obama kills Pipeline V2, then you have a much stronger case.

[Guest]

the pipeline is still killed....wrong

[Guest]

The pipeline isn't killed - just that 60-day decision thing. In point of fact, they're meeting in Nebraska talking about re-routing the pipeline AWAY from the aquifier (which is what caused the comotion in the first place).

This is where the rubber will hit the road. When the Nebraska issues are sorted out, what happens THEN? If Obama kills Pipeline V2, then you have a much stronger case.

Who's "they"?

[Guest]

Who's "they"?

I've always wondered that too. Whoever "they" is they sure know a lot about a lot. :icon_wink:

[Guest]

I couldn't remember the name right off, but "they" are TransCanada - the people who came up with this plan. Here's something about the issues concerning the route in Nebraska:

Keystone Pipeline Project (http://www.transcanada.com/keystone.html)