Throw the bums out

[georgedwilkinson]

You're not bragging about buying a $250,000 company on one hand and claiming poverty on the other
You're right, utter nonsense George

I'm thinking the company Joe the Plumber is looking at purchasing is worth much more than $250K if he expects his income to be in excess of that after he purchases it.

And if I had the ambition to own a company, I'm not sure that a small tax liability like that would dissuade me. There are people in the US who spend more than that on lottery tickets.

 

[dkinley]

Really? Try this link: http://taxcut.barackobama.com/

LMAOOOOO ....

That like the Devil posting a "Sin Calculator" and for me to use it to to check if I am going to Heaven or not.

Anything I put in will reply, "Naw, go out and sin some more - you're fine, plenty of room."

-dK

 

[Alisa]

http://www.marketwatch.com/news/sto...88D5F9-1F6B-4CF2-B2BF-1D7E9A51C077}&dist=hppr


-dK

Still waiting for an answer . . . how many?
And no, I have no sympathy for those making over 250k. They should be paying their fair share of taxes, period.

 

[Alisa]

I'm thinking the company Joe the Plumber is looking at purchasing is worth much more than $250K if he expects his income to be in excess of that after he purchases it.

And if I had the ambition to own a company, I'm not sure that a small tax liability like that would dissuade me. There are people in the US who spend more than that on lottery tickets.

Nobody except dk said that he expected his income to be over that amount after purchasing the company. And even if it was, I just don't see how raising the marginal rate from 36% to 39% would seriously deter someone who wanted to own that business. What is a few thousand dollars if you've got hundreds of thousands of dollars in profit?

 

[georgedwilkinson]

dk, exactly how many SMALL businesses make over 250k per year?

Only the successful ones. There's no point if you can't make that much or more.

 

[dkinley]

Does it matter if I answer? I am sure you have a number that has been reworked and supplied by some communist organization that is IRREFUTABLE.

Of course if elected, it still won't matter because all dissenters will be rounded up and silenced along with the rest of our rights.

-dK

 

[redneckgeek]

Really? Try this link: http://taxcut.barackobama.com/
If not, I would be happy to calculate for you, what is your annual gross and your filing status?
Here are the ranges:
20k
30k
40k
50-75k
75k-100k
100k-150k
Should I keep going?

Thanks for the link. That worked
My savings would be 1500 if I take the mortgage credit, 1000 if I don't. Bush's tax cut saved me about 1800.

I have a problem though. The mortgage credit applies only to those who don't itemize. Since I already itemize, I'm already getting that credit. Seems like Obama's program, if he let's Bush's tax cuts expire, is going to cost me $800. I hope my math is wrong, but I think it's just a shell game.

It said my savings with McCain's plan would be $322, but I'm pretty sure he wouldn't let Bush's cuts expire, so I truly do come out ahead.

 

[georgedwilkinson]

Just the ones getting blamed for this crisis.

You're telling me that the rich CEOs of the companies you've been blaming are poor black people? How is that possible?

 

[dkinley]

What is a few thousand dollars if you've got hundreds of thousands of dollars in profit?

Here ya go .. I will throw you some fodder.

I wanted a better life than my parents had, so ...
I used my time and my effort to put myself through school so that I could raise my earning potential.

The difference is I worked for that money.
I put in my time to earn that money.
If I want to give my money away to a charity, I should be able to decide where my money goes ... not a bureacrat.

Whatever happened to that story about the chicken that made the bread and after she did everything herself, everybody wanted some of it? I bet you thought it wasn't fair when you first read that.

-dK

 

[dkinley]

Since it is Thanksgiving and all have the socialist party rework this message ...

http://www.mises.org/article.aspx?Id=336&FS=The+Great+Thanksgiving+Hoax

-dK

 

[Alisa]

Only the successful ones. There's no point if you can't make that much or more.

Really? Every successful small business nets over 250k per year? Would you care to provide a source?

 

[Alisa]

Thanks for the link. That worked
My savings would be 1500 if I take the mortgage credit, 1000 if I don't. Bush's tax cut saved me about 1800.

I have a problem though. The mortgage credit applies only to those who don't itemize. Since I already itemize, I'm already getting that credit. Seems like Obama's program, if he let's Bush's tax cuts expire, is going to cost me $800. I hope my math is wrong, but I think it's just a shell game.

It said my savings with McCain's plan would be $322, but I'm pretty sure he wouldn't let Bush's cuts expire, so I truly do come out ahead.

The question I don't know the answer to is what is the baseline? Is it showing you what you will save over and above what the Bush tax cuts saved you? Or is it showing you what you will save starting from your baseline taxes before the Bush tax cuts?

Either way, doesn't look very significant for you. It is a much more substantial number for me.

 

[ColinEssex]

Here ya go .. I will throw you some fodder.

I wanted a better life than my parents had, so ...
I used my time and my effort to put myself through school so that I could raise my earning potential.

Is that the American dream?

The difference is I worked for that money.
I put in my time to earn that money.
If I want to give my money away to a charity, I should be able to decide where my money goes ... not a bureacrat.

You seem to be obsessed with money and the making thereof.

Whatever happened to that story about the chicken that made the bread and after she did everything herself, everybody wanted some of it? I bet you thought it wasn't fair when you first read that.

-dK

Never heard of it, how does it go?

Col

 

[ColinEssex]

I was trying to work out what a "bum" is in the USA. I thought it was a tramp or homeless person who drinks moonshine from a paper bag.

A bum in the UK is another name for someone's bottom. I believe Americans call it a fanny. In the UK, a fanny is. . . . . oh well, we'll skip that.

What is Pat's reference to do with tramps or homeless people?

Col

 

[redneckgeek]

You seem to be obsessed with money and the making thereof.
Col

You say that like it's a bad thing, Col. I've found that the more money I have, the happier I am. Money can't buy happiness... bah!

 

[redneckgeek]

The question I don't know the answer to is what is the baseline? Is it showing you what you will save over and above what the Bush tax cuts saved you? Or is it showing you what you will save starting from your baseline taxes before the Bush tax cuts?

Either way, doesn't look very significant for you. It is a much more substantial number for me.

I'm assuming that's over and above the Bush tax cuts. I can't imagine he and Pelosi are going to let them stay in place, though. That's why I think it's a shell game. Since you've said you and your husband both work, let's assume your in one of the two tax ranges that had a 3% tax cut under Bush. Take your yearly taxable income X .03 to see how much more tax you'll be paying when they expire. Does Obama's plan offset that amount for you?

 

[Alisa]

I'm assuming that's over and above the Bush tax cuts. I can't imagine he and Pelosi are going to let them stay in place, though. That's why I think it's a shell game. Since you've said you and your husband both work, let's assume your in one of the two tax ranges that had a 3% tax cut under Bush. Take your yearly taxable income X .03 to see how much more tax you'll be paying when they expire. Does Obama's plan offset that amount for you?

I thought he was going to revoke the Bush tax cuts for those making over 250k, and increase them for everyone else?

Ok, found it:
"The top two income tax brackets would return to their 1990’s levels of 36% and
39.6%. All other tax brackets would remain as they are today."

Then, add the various tax credits. So it is a net decrease, not an increase, as long as you are not in one of the two top brackets.

 

[redneckgeek]

I thought he was going to revoke the Bush tax cuts for those making over 250k, and increase them for everyone else?

Ok, found it:
"The top two income tax brackets would return to their 1990’s levels of 36% and
39.6%. All other tax brackets would remain as they are today."

Then, add the various tax credits. So it is a net decrease, not an increase, as long as you are not in one of the two top brackets.

Well, I suppose every penny I get to keep is a good thing. At least there might be one bright spot to this whole mess

But congress HATES the Bush tax cuts, so I think they'll let it expire. They'll asume we'll have forgotten about campaign promises - just all politicians are wont to do.

 

[dkinley]

Is that the American dream?
You seem to be obsessed with money and the making thereof.
Never heard of it, how does it go?
Col

lol ... my American Dream is to be as successful and higher wage earner than my parents (yes, there is a difference). The reason for the higher wage earner is because they could not afford air conditioning during a hot, humid Southern summers when I was growing up. I wanted more creature comforts.

My obsession is a basic mathematical formula. I am obsessed with my money in proportion to the amount of obsession other people have with my money. It should be my private property andI should be able to defend it any way that I choose. The only free access anyone should have to it is my immediate family, even though my ex-wife would tell you otherwise.

I looked it up. It is the story of Little Red Hen.
http://www.bres.boothbay.k12.me.us/wq/nnash/WebQuest/little_red_hen.htm

We are, wait were, taught to be socialist and communist haters from our earliest reads.

-dK

 

[georgedwilkinson]

Dang, the little red hen isn't very RED, is she?