Obama really is Odumba...

pspr · Sep 20, 2010

Let's just hope Ospender doesn't read about the new plan they are talking about in the UK where the government gets your paycheck first then gives you what they think you should be able to keep after taxes.

http://www.cnbc.com/id/39265847

trendlover · Sep 20, 2010

Quote from LEAPup:

No.

the 15% pass through is for investment gains. i.e., if you have money in the fund you get the 15% pass through. If you are the manager, and get paid 20% of the performance, that is ORDINARY INCOME paid to the Manager. The only way the manager gets 15% fed taxes is if he/she has THEIR money in the fund.

-----------------------------------------------------------------------------------

No. (Carried interest) have the 15% tax even if this manager put his own money to the fund.
More...

trendlover · Sep 21, 2010

Quote from TexTrader:

I think Obama is right on this one.
A tax loophole allows private equity and hedge fund managers to get taxed at the long term cap gains of 15% for the incentive fee they earn on long term investments.
This makes no sense, because the hedge fund manager did not risk his own capital like the investor in the hedge fund. This is clearly income for the manager, this should be taxed at the income tax rate not the capital gains.
The incentive pay is clearly for services rendered not for putting own capital at risk.

I am all for lower taxes but it should be fair. [/QUOTE
--------------------------------------------------------------------------------------

Yes. Is not about taking from wealthy to give to poor, but is about a balance of (%) of taxes of income.
Obama is not communist.
More...

deadbroke · Sep 21, 2010

Quote from LEAPup:

Unbelievable!

Odumba on "Investing" CNBC

He made the statement that it's not fair for Hedge Fund Managers to only pay 15% federal taxes on their income while their secretaries pay 25-28%:eek:

Unreal! He cannot decipher between the pass through entity that a HF is, and the HF Manager's income!!! A HF is a pass through, meaning the GAINS are taxed at 15%. He actually believes a HF Manager making 1B/year pays 15% fed taxes on his/her pay!!!

If you make 1B/year, you pay 35% in federal taxes, NOT 15%!!

Hello, is anyone home??!?!? :eek:
More...

Try this prayer

Dear Lord, you took my favorite actor, Patrick Swayze. You took my favorite actress, Farah Fawcett. You took my favorite singer, Michael Jackson. I just wanted to let you know that my favorite President is Barack Obama. Amen.

rallydog · Sep 21, 2010

Yes the epitome of 50 years of affirmative action.

Now just sell us on reparations and be done with it.

LEAPup · Sep 21, 2010

Quote from deadbroke:

Try this prayer

Dear Lord, you took my favorite actor, Patrick Swayze. You took my favorite actress, Farah Fawcett. You took my favorite singer, Michael Jackson. I just wanted to let you know that my favorite President is Barack Obama. Amen.
More...

LOL!!!!!!!!!!!!!!!!!!!!!!!!!!!! Good one!!!!!! One could only hope!

On a serious note, I used to have that famous poster of Farrah in her one piece skin tone bathing suit in my bedroom as a kid. She was such a beautiful Woman back then!

(Hope I'm not setting myself up for some deadbroke jokes on that one!:eek: The knuckle shuffle, etc., )

Scataphagos · Sep 21, 2010

Quote from trendlover:

Quote from TexTrader:

I think Obama is right on this one.
A tax loophole allows private equity and hedge fund managers to get taxed at the long term cap gains of 15% for the incentive fee they earn on long term investments.
This makes no sense, because the hedge fund manager did not risk his own capital like the investor in the hedge fund. This is clearly income for the manager, this should be taxed at the income tax rate not the capital gains.
The incentive pay is clearly for services rendered not for putting own capital at risk.

I am all for lower taxes but it should be fair. [/QUOTE
--------------------------------------------------------------------------------------

Yes. Is not about taking from wealthy to give to poor, but is about a balance of (%) of taxes of income.
Obama is not communist.
More...

Actually, it IS about "taking from one and giving to another". If Obama is not a Communist (you know, "officially... with a capital "C"), then what is he?

Statist, Marxist, Socialist, Communist... all variations of the same, oppressive Big Government concept.
More...

MohdSalleh · Sep 21, 2010

most of these hedge fundies have bank accounts in the Caribbean and
Liechtenstein, How many Et-ers have these bank accounts? ZERO.

LEAPup · Sep 21, 2010

Quote from trendlover:

Quote from TexTrader:

I think Obama is right on this one.
A tax loophole allows private equity and hedge fund managers to get taxed at the long term cap gains of 15% for the incentive fee they earn on long term investments.
This makes no sense, because the hedge fund manager did not risk his own capital like the investor in the hedge fund. This is clearly income for the manager, this should be taxed at the income tax rate not the capital gains.
The incentive pay is clearly for services rendered not for putting own capital at risk.

I am all for lower taxes but it should be fair. [/QUOTE
--------------------------------------------------------------------------------------

Yes. Is not about taking from wealthy to give to poor, but is about a balance of (%) of taxes of income.
Obama is not communist.
More...

Odumba isn't a Communist?:eek: Lol!!!!!!!!!!!! What the hell is he then? Mildly Castrosih?
More...

LEAPup · Sep 21, 2010

Quote from rallydog:

Yes the epitome of 50 years of affirmative action.

Now just sell us on reparations and be done with it.
More...

Yes, he will call that one the "African American Stimulus Package."

Oh wait, $825,000 already went to his home Continent of Africa in a male di*k washing study. OUR money went for that!!!!!! Guess if that doesn't make ANY news stations, the new "African American Stimulus Package" will go untouched due to political correctness bullsh*t!