Six Months to Go Until The Largest Tax Hikes in History

Discussion in 'Economics' started by Tom B, Jul 2, 2010.

  1. Over 50% total if you live in California. We pay 10.3% state income taxes, 9.5% sales taxes, etc, etc.

    #51     Jul 3, 2010
  2. If you add Property tax, SS & Medicare Tax (especially if you're self employed and have to pay "employer's share" too).... some tax payers send >60% to one government entity or another already.

    I can think of a "worst case" situation... where one might pay ~ 83% total tax of the first $100,000 they earn in a small business. Wouldn't apply to many... but still.. :mad:
    #52     Jul 3, 2010
  3. 377OHMS


    The left can't quite grasp the concept of diminishing returns. They can raise tax rates but eventually the revenue base is diminished and they actually take in less taxes in absolute terms.
    #53     Jul 3, 2010
  4. jd7419


    I am against amnesty but even if it happens will it help dems win elections easier, I mean most of the illegals live in a few states. Using Arizona as example, states that don't want them will pass laws that make it harder for them to continue breaking the law.
    #54     Jul 3, 2010

  5. 116 promises kept,19 broken.

    Yeah,the biggest liar in history

    [​IMG] [/B]
    #55     Jul 3, 2010
  6. Obama said he would end the Bush tax cuts before being elected

    #56     Jul 3, 2010
  7. A quick overview of his accomplishments in less then a year and a half

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    #57     Jul 3, 2010
  8. A new presidential historian poll already ranks Obama one of the greatest Presidents ever

    Barack Obama is among best presidents ever - George W. Bush not so much, say scholars in Siena poll

    George W. Bush was no FDR, but Barack Obama could be.

    That's the verdict of 238 of the nation's leading presidential scholars, who - for a fifth time - rated Franklin Delano Roosevelt the best president ever in the latest Siena College Research Institute poll.

    In office for barely two years, Obama entered the survey in the 15th position - two spots behind Bill Clinton and three spots ahead of Ronald Reagan.

    Obama got high marks for intelligence, ability to communicate and imagination, but his score was dragged down by his relative lack of experience and family background.

    "Most of the presidents came from elite backgrounds, and he certainly did not," said professor Douglas Lonnstrom, who crunched the numbers. "He grew up without a father."

    By contrast, Bush's dad was our 41st president, George H.W. Bush, who came in 22nd in the poll.

    And yet, the scholars rated Dubya a dud as a president, ranking him in the bottom five at 39th place.

    That's a steep drop from 23rd place, which is where Bush ranked when he entered the survey after his first year in office.

    Bush got docked for saddling Obama with two bloody wars and a recession, and he got low marks for "ability to compromise, foreign policy
    accomplishments and intelligence," according to the survey.

    Only Warren G. Harding, who was 41st on the list, scored lower in the intelligence category.

    FDR has topped each of the five presidential scholar surveys conducted by the Albany-area college since 1982.

    His distant cousin, Theodore Roosevelt, came in second in the survey, followed by Abraham Lincoln, George Washington and Thomas Jefferson.

    Lincoln's sorry successor, Andrew Johnson, was rated the worst president.

    The scholars ranked the presidents on personal attributes such as integrity, intelligence, leadership and willingness to take risks as well as things they have little control over, like luck.

    Washington was rated our luckiest president, followed by Teddy Roosevelt and Reagan.

    Watergate-scarred Richard Nixon was ranked 30th overall, but finished dead last for integrity. Lincoln topped that category, followed by Washington and his successor, John Adams.

    Jimmy Carter also ranked high for integrity, coming in seventh in that category. But overall, the scholars ranked two spots behind Nixon.

    Jefferson, who was No. 5 on the list, was deemed our smartest president ever.
    #58     Jul 3, 2010
  9. Total Tax on corporate earnings + tax on dividends = 60-70%, for top tax-rate payers.

    So.... (1) Corporation does the work, (2) YOU take the risk of owning the stock, and (3) Federal Government takes 60% of the net earnings/dividends, (4) State Government takes some too.

    Amerika, what a country! :mad:
    #59     Jul 3, 2010
  10. All these posts make me chuckle. The Republican supporters sound just like the Demcrats did in 2004.

    Saying the current President is a fuck up and the country is going down the tubes. Was the same arguement (with different talking points back then). So what did the Democrats do in 2004?

    They ran John Kerry, a guy with zero charisma who resembled your alcoholic shop teacher from grade 9. Let's not forget his running mate who later turned out to have the moral compass of Tiger Woods.

    It seems the Republicans learned nothing from their 2004 victory as in 2008 they ran a nearly 72 year old 3 time cancer survivor and a retarded Barbie Doll as his running mate. It's no wonder a guy named Barack Hussien Obama got the job.

    Republicans can be as pissed off as they want at the 'liberals' who put Barry in power. The sad truth is they're to blame for Barry being in power.

    The 2008 election was a lay up for Democrats. You had a deeply unpopular sitting president. Bush was seen as such a fuck up by 2008 that the electorate had no problem giving the keys to the bus to a guy with barely any driving record. Just because you've had no accidents doesn't mean you're qualified to drive in the Indianapolis 500.

    So who did Republicans run? John McSame and a political Paris Hilton. There was no one else to vote for.

    So what's the point of this post? Quit bitching about Barry and find a viable candidate who can take him on who has a chance of winning.

    If the Republicans think their conservative electorate will back a guy who's birthname is Piyush Amrit Jindal, they're dreaming. So quit bitching and find someone who can beat Barry.


    "It's time to start exploring the process of becoming a Canadian citizen."


    Sorry, the country is now full. Try Mexico.
    #60     Jul 3, 2010