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Old 10-15-2008, 03:09 PM
 
Location: The Great State of Texas, Finally!
5,223 posts, read 7,316,665 times
Reputation: 2189
Quote:
Originally Posted by NewMexicanRepublican View Post
If less than half the public supports his idea, is he going to do it anyway? Is that Democracy? Does he have a mandate? Does he care?
All you need do is look at well Congress listened to their constituants who were overwhelmingly against the bailout for your answer.
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Old 10-15-2008, 03:18 PM
 
Location: Texas
27,404 posts, read 21,090,274 times
Reputation: 32079
Quote:
Originally Posted by geeoro View Post
When you earn over $250,000 there are many tax incentives that stop you paying full tax anyway.
I want to know where that myth comes from. Someone else has said this before, so I asked my tax advisor and two relatives who are finance specialists, and they also want to know where your magical deductions come from. In fact, most deductions are completely phased out at this level.

I don't know if this is some story concocted to make the people who are in favor of stealing more from other citizens feel better, but it's just not true.
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Old 10-15-2008, 03:18 PM
 
Location: Fort Myers, FL
1,286 posts, read 1,852,193 times
Reputation: 247
Quote:
Originally Posted by ParkTwain View Post
Oh my God, this is such ridiculous tripe, and selfishness and anti-citizenship dressed up as high-falutin' ideology, that I can't believe it anymore. This is the brain-damaged, selfish, and crude Right Wing ideology of Limbaugh and Savage come home to roost in the common parlance of a chat board.

As if living in this country is some kind of zero-sum economic game. Get real! There should be, and is, plenty of room in this country for persons with various degrees of drive for wealth to live together and prosper, each to their own aspirations of happiness. The bigger question has been, and it was focused by the nation's experience of the Great Depression, how low do we allow the lowest of our fellow citizens to fall without assistance from society? Social Security represents a part of society's answer to that question for the elderly and disabled, Medicare is another part, etc. Do you somehow think it is in the interests of the majority of Americans for there to become entrenched a permanent lower class and shrinking middle class? Do you think that ever-increasing crony capitalism is in the best interests of the majority of Americans? Do you think that the ongoing exporting of jobs, rather than the encouragement of rational additional investment in improved technologies for domestic manufacturers, is the interests of the majority of Americans? (Why is it that the owners of these companies are tending to chase the lowest wage overseas instead of INVESTING in their companies as domestic enterprises? PLEASE ANSWER ME!) Do you even have the concept in mind of what the "majority of Americans" means?
TAXES, EVERYTHING COMES DOWN TO TAXES. corporate taxes are completely different than income taxes. so if you are one of those people who does them yourself, for 1 you probably do them wrong and 2 you still don't understand the difference.
first of all you pay into your own social security. the government oversees this so that you cant complain that they aren't doing enough to help you. its a failing system because nobody planned ahead and thought this through. had this been privatized and had bonus' for the CEO's to make sure its run well and invested, whatever, it would be run great and imagine peoples SS Funds actually going up in value by getting dividends added to their fund. But instead by the next year or 2 retirees are going to start pulling from it more than what is going in.

government run programs are always failing. when you privatize them, profits go up and fee's and overhead go down. its a fact. there is nothing wrong having an oversight committee or board to monitor the way things are done.

business' wouldn't export jobs if the cost to work here wasn't so high. all we have to do is lower taxes and there is no reason to transfer anything to another country. its not fiscally smart to keep your business here when you can take it to another country and do the same thing but make hundreds if not millions more by simply pay less taxes. this gives you more capital to use towards advertising and expanding the business, more research and development. the list goes on.

when you own a company the goal isn't to stay at a steady stream of business, its to always be growing and expanding. every time you expand there is a bump you have to get over. most of you don't know what that is like. how hard it is to transition from working by yourself to hiring 1 person full time, then 2, then, 3, then 4, if your in a service industry, you have to juggle enough business to expand to afford more vehicles and employees working full time. remember a business costs the same whether you making money or not. its not about how much you are making when you do work, its about how much your NOT making when you aren't working. this is very difficult ESPECIALLY for small business'. most business' fail in the first 3 years. that is why the government allows you to defer paying taxes for the first 3 years from a business. all of you w2'ers just don't have a clue.
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Old 10-15-2008, 03:27 PM
 
Location: Fort Myers, FL
1,286 posts, read 1,852,193 times
Reputation: 247
Quote:
Originally Posted by stan4 View Post
Quote:
Originally Posted by geeoro
When you earn over $250,000 there are many tax incentives that stop you paying full tax anyway.

I want to know where that myth comes from. Someone else has said this before, so I asked my tax adviser and two relatives who are finance specialists, and they also want to know where your magical deductions come from. In fact, most deductions are completely phased out at this level.

I don't know if this is some story concocted to make the people who are in favor of stealing more from other citizens feel better, but it's just not true.
its because the uneducated don't understand how tax brackets work and deductions confuse them. if they understood how deductions worked H&R Block wouldn't have so much business and people wouldn't file by themselves thinking they saved money. they would actually go to a licensed CPA.

people refuse to pay good money for good advice, but have no problem getting free or cheap advice but then complain they don't understand why the service was so bad...YOU GET WHAT YOU PAY FOR!
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Old 10-15-2008, 03:38 PM
 
12,542 posts, read 11,253,806 times
Reputation: 2850
Quote:
Originally Posted by stan4 View Post
I want to know where that myth comes from. Someone else has said this before, so I asked my tax advisor and two relatives who are finance specialists, and they also want to know where your magical deductions come from. In fact, most deductions are completely phased out at this level.

I don't know if this is some story concocted to make the people who are in favor of stealing more from other citizens feel better, but it's just not true.
there needs to be no proof they just need to say it and it is so! Totally illogical .............
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