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That means cap gains rates could be cut, once we can afford to do so.
(2) He also wants to install tax CUTS for the middle class making below (btw) $200-250K and the elderly making below $75K.
(3) He has tax breaks, start-up breaks, less expensive loans and consulting help if needed in line for small businesses.
(4) We all think 28% is a big number. According to him, since then he's spoken with economists and market professionals who agree that raising the cap gains 5-10 more % - to 20 or 25% - wouldnt be that bad,would be temporary, and would help hugely to pay down our debt.
Sure.. cap gains rates would be cut again.. after he's voted out of office.
He wants to install MORE tax cuts on the middle class? How will that help to pay for more programs?
He has tax breaks, startup breaks, less expensive loans, which increase the federal debt liability, and generates less money, and consulting help, thereby increasing more spending, how do any of these help pay for new programs?
Can we seniors who depend on our capital gains to enjoy our EARNED lifestyle afford to wait while he redistributes OUR wealth to others? I might be deceased and have missed the vacations he took from me by the time he thinks I should be allowed to get my EARNED money back. Yes EARNED I took the risk to make it. There were no violins being paid by poor folks when investors took a beating on Friday. Hmmm the Dow tanks 400 points and the poor cry because it means less money to be redistributed to them.
How cruel life can be. Does this mean that the have nots will start watching Bloomberg to see if more money is going to be redistributed their way?
Ok now it is time for the real show. We have two candidates each wanting to improve life for the average Joe. Will you please explain how the candidate you support will increase/raise/create/wave a wand to pay for the programs they are proposing. Will they increase deficit spending to do so. Please explain how your candidate will do so and others may respond to your posts. Please do not initiate slamming another candidate. Please only respond after their supporters have posted. I suspect this thread will die quickly because I don't know that folks either can or want to highlight their candidates plans on how to come up with the money.
Ron Paul
1. Pull out of Iraq in 6months to 9 months. Pull out the miltary out of most of countries and shutdown most of the bases (Japan, Germany, Korea). That will save us about 1 trillion a year. All troops will come home defend the border and now be home with family and train within the united states. They will also support our economy at home spending at home.
2. Cut all federal spending and programs not supported by the constitution we can do this back to the year 2000 spending levels. We had plenty of programs then. This will hold us over to get people off government dependancy.
3. Cut all taxes for EVERYONE and remove the income tax.
4. Remove the federal gas tax for a year to give some relief.
5. Shutdown Gitmo, cut the homeland security and restore free speech and 2nd amendment rights.
6. Most importantly balance the budget and restore gold to back the dollar and push to move away from the FED.
Hmmm seems like Ron Paul has a real plan whether you like it or not. It is a plan. Can anyone articulate a plan this specific for McCain or Obama that does pay for itself?
As far as taxes go, why not lobby your state to lower its taxes on gasoline? State taxes are slightly higher than fed on the price of gas, and possibly who knows, lobbying could work.
Im not defending fed tax amounts or tryin gto deflect the conversation, but we do have to remember we also pay state and some of us pay municipal taxes. In the interest of our overall takehome we can also look at those.
Can we seniors who depend on our capital gains to enjoy our EARNED lifestyle afford to wait while he redistributes OUR wealth to others? I might be deceased and have missed the vacations he took from me by the time he thinks I should be allowed to get my EARNED money back. Yes EARNED I took the risk to make it. There were no violins being paid by poor folks when investors took a beating on Friday. Hmmm the Dow tanks 400 points and the poor cry because it means less money to be redistributed to them.
How cruel life can be. Does this mean that the have nots will start watching Bloomberg to see if more money is going to be redistributed their way?
Thats just it turbo.. You tax the heck out of someone who makes money on stock, the next thing you'll see is proposals to bail out the losers (similar to the mortgage crisis).
I like Obama, I like the money I have earned even more. If it is Obama or my money oh well if McCain will let me keep it! This is so confusing, Barak why do you have to be such a tax and spend liberal? You have such potential, please turn the wheels right and get the car in the middle of the road.
As far as taxes go, why not lobby your state to lower its taxes on gasoline? State taxes are slightly higher than fed on the price of gas, and possibly who knows, lobbying could work.
Im not defending fed tax amounts or tryin gto deflect the conversation, but we do have to remember we also pay state and some of us pay municipal taxes. In the interest of our overall takehome we can also look at those.
Why not do both, but I would think congress should do it's job and look to lower taxes but appears we dont have that type of Government they like to spend spend spend and they need the money from somewhere. If they dont have enough they just borrow it or print it and which is the worst thing they can do. Maybe they should look into freedom and liberty and let the people handle their own money for once. Crazy concept in washington America freedom and choosing what to do with your own money. HUH? They can't get elected if they promote freedom... it appears the welfare state is now bigger then the constitution and the slaves to that system now have elected people who pander to that group and socialist ideas.
Maybe they should look into freedom and liberty and let the people handle their own money for once. Crazy concept in washington America freedom and choosing what to do with your own money.
Hmm....Naaaah!
What you're calling the welfare state is mostly social security and medicare (medicaid?). It's not the welfare queens' Cadillac vouchers, hasnt been since at least 1996.
I think whoever's elected knows already very well that we're in for jolly economic times ahead. Also that no matter what actually becomes the law of the land he'll get hammered for it. Somewhere we have to get the money to pay for all the bills we've run up. Meanwhile look into the programs obama proposes such as improving our education situation. Obama doesnt want to increase welfare money or encourage people not to work or achieve or prosper, just exactly the opposite. He wants us to keep as much as we can of the money we earn. Cuts here, breaks there. I mean vote for whom you want to, this is just my opinion.
Realistically, what do you think of the PAYGO system?
Realistically, what do you think of the PAYGO system?
If Obama would just make it clear that his proposals will not be implemented until a revenue source has been identified and enacted on. The federal gas tax is a perfect and very good tax. It is used for a specific purpose and that is to better the conditions for those who are paying the tax. Improve roads for your car to ride on. Now thats a good tax. sorta like booking a vacation at a resort and paying for room service as a fee. Maybe gas tax should be called a gas fee.
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