Obama changes definition of income taxes to raise money for health care.

[theolsarge]

Originally Posted by roysoldboy

unconstitutional

Ahhh, a federal judge has stepped up to the plate.

He has spoken, therefore it is so.

[lifelongMOgal]

Originally Posted by theolsarge

Seems they forgot to cite a reference, page, paragraph, chapter, something.

Affects 2.3% of taxpayers? OMG! That's going to fund "$183.6 billion in revenue during the next 10 years" . . . ?

200K/250K of investment income? You got some serious bucks stashed away!

Sucks to have the big bucks. Sorry, no pity here.

Of course many of these "tax free" investments with low single digit interest return are municipal bonds which fund water works, schools, roads& bridges, airports, etc... . The tax free status is the ONLY thing that makes them a more attractive investment than corporate stocks/bonds.

So, the investor is acting as a bank, lending money to a city for a project, and the government wants to tax that loan.

Once the incentives are removed to invest...why should anyone? Where do you propose the money come from for these improvements?

Let's turn this about, shall we? Should capital improvements owned by cities, states, also be taxed? Update/expand a school, tax the school. Update water works, tax the water dept.

Where does it end?

People with class envy over those who choose to make their money work for them by investing in their city/state municiple bonds are truly under educated and suckers for Socialist propaganda.

[theolsarge]

Originally Posted by lifelongMOgal

Of course many of these "tax free" investments with low single digit interest return are municipal bonds which fund water works, schools, roads& bridges, airports, etc... . The tax free status is the ONLY thing that makes them a more attractive investment than corporate stocks/bonds.

So, the investor is acting as a bank, lending money to a city for a project, and the government wants to tax that loan.

Once the incentives are removed to invest...why should anyone? Where do you propose the money come from for these improvements?

Let's turn this about, shall we? Should capital improvements owned by cities, states, also be taxed? Update/expand a school, tax the school. Update water works, tax the water dept.

Where does it end?

People with class envy over those who choose to make their money work for them by investing in their city/state municiple bonds are truly under educated and suckers for Socialist propaganda.

Most Class A municipal bonds are low yielding in comparison. You're not going to get a 10% +/- , you'll get closer to 3 or 4.

I'll take the 10%, thank you.