Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I won't pretend to have a clue about the economy in Illinois, but if Obama is elected in November, get ready for this country's economy to tank. Obama simply has it wrong.
Obama keeps telling us that only the wealthy will be affected by his increase in the capital gains tax. I can tell you without question this is just not true. Those of us without pensions have saved for years by investing in our economy, and have now reached retirement. In order to live we must now begin to tap those investments and only a portion of our investments are in IRA's.
Speaking for us, we are middle class living comfortably on just an average income. The increase in a capital gains tax will have a profound effect on us and on so many families like us.
Between November 4th and December 31st, if Obama is elected, I expect we'll see the stock market suffer as everyone takes their profit before suffering under the doubling of the capital gains tax which Obama has promised.
And that's just one increase!!! Remember that the payroll tax cap at $102,000 will also disappear. So those people making over $102,000 will pay an additional 7% right off the top. Obama's tax plan will devastate an already teetering economy.
Things are not always what they seem. Dig deep into Obama's plan and we can see that his increases in taxes will actually affect far more people than he promises. Think about it.
Barry has destroyed the once great Illinois economy.
When Nobama took office the state had added millions of new jobs, was getting factories that other states lost out on, the unemployment rate was very good, the state looked great.
Now as of July, after Obama's tax the business to death policies, the state has ranked 46 the WORST for unemployment in our nation. 46 out of 50 ( 46 out of 57 for the Obamacroons )
Not too bad Barry, your state is ranked 46 worst and you think you can run 50 of them, not so Barry.
If you cannot keep a great Illinois economy going, how can you fix a nation?
Guess Michelle shouldn't have taken that 40k extra income from a business that went belly up only after she was added to the payroll.
Now she is on two boards of businesses that you have stock in and is raking in aother 100k from them, are they going out of business too?
Obama = Economic disaster
Do you even live in Illinois?
If you did, you would think Obama was the savior compared to our wonderful Guv. Hair Helmet.
Barry has destroyed the once great Illinois economy.
When Nobama took office the state had added millions of new jobs, was getting factories that other states lost out on, the unemployment rate was very good, the state looked great.
Now as of July, after Obama's tax the business to death policies, the state has ranked 46 the WORST for unemployment in our nation. 46 out of 50 ( 46 out of 57 for the Obamacroons )
Not too bad Barry, your state is ranked 46 worst and you think you can run 50 of them, not so Barry.
If you cannot keep a great Illinois economy going, how can you fix a nation?
Guess Michelle shouldn't have taken that 40k extra income from a business that went belly up only after she was added to the payroll.
Now she is on two boards of businesses that you have stock in and is raking in aother 100k from them, are they going out of business too?
Obama = Economic disaster
But according to you and previous postings, the current political figures are not responsible for current economic woes. Or is that just the case for Bush and other Pubs?
I won't pretend to have a clue about the economy in Illinois, but if Obama is elected in November, get ready for this country's economy to tank. Obama simply has it wrong.
Obama keeps telling us that only the wealthy will be affected by his increase in the capital gains tax. I can tell you without question this is just not true. Those of us without pensions have saved for years by investing in our economy, and have now reached retirement. In order to live we must now begin to tap those investments and only a portion of our investments are in IRA's.
Speaking for us, we are middle class living comfortably on just an average income. The increase in a capital gains tax will have a profound effect on us and on so many families like us.
Between November 4th and December 31st, if Obama is elected, I expect we'll see the stock market suffer as everyone takes their profit before suffering under the doubling of the capital gains tax which Obama has promised.
And that's just one increase!!! Remember that the payroll tax cap at $102,000 will also disappear. So those people making over $102,000 will pay an additional 7% right off the top. Obama's tax plan will devastate an already teetering economy.
Things are not always what they seem. Dig deep into Obama's plan and we can see that his increases in taxes will actually affect far more people than he promises. Think about it.
Here is how I look at it, if a person like Obama has been given the ole mighty savior status as a leader and is well respected in his state, his ways and thoughts are respected and carry a lot of clout. If he has all the new ideas and all the new ways to fix broken things and is such a natural leader then all we need to do is look at his voting record, his proposals and his work to see that he has been an utter failure in Illinois.
He is not what people think he is, sure he is not one person in a group of people who gets credit for all the bad things, but he sure takes credit for every single good thing when he mentions it, he even takes credit for bills he said he passed when he wasnt even a Senator yet.
So, if he wants credit for good things even before his time and after his time, then we are going to give him the same credit for screwing people over with his tax proposals that will kill small to medium size businesses.
At one of the business that Michelle Obama is handed a 51k check for just going to meetings is twice as much as the average worker makes there.
That 51k could have been split up and given to the workers instead of handed to her.
Jobs and people are running out of Illinois when just a few years ago people were running into Illinois for the jobs.
He will destroy America just like he has his own state.
Facts dont lie, Illinois is falling apart because of poor decisons and tax hikes, many of them sponsored or written by you know who.
So yes, you are correct, Obama is a scam artist when it comes to lying about you not getting hit with taxes, he is lying when he says he will not raise your taxes, sure he wont, on your paycheck, but he will then turn around and hit you secretly behine your back with all sorts of other taxes thus raising your taxes so you wont see it.
He hates businesses to grow, he wants to over tax them and take their profits away, thus why so many businesses have left his own state.
Hide your wallet, he is a tax monger who wants to see you left with nothing at the end of the week while his wife rakes him 51k checks for going to a once a month 1 hour meeting.
If he is such an economic genius then why did he still owe college loans into his 40's and why did he have to borrow 300k on his house when he has made 7 million dollars in the last 3 years alone.
But according to you and previous postings, the current political figures are not responsible for current economic woes. Or is that just the case for Bush and other Pubs?
Link please or are you just taking things out of context again?
What does US Senator Barack Obama have to do with Illinois tax rates?
Speak slowly so the rest of we, the unwashed masses, can keep up.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
