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.
The financial crisis was not precipitated by the lack of "banking regulations". It was precipitated by the accumulation of "toxic mortgage" backed assets.
These "toxic mortgages" were caused by the federal mandate (by the dems) through Fannie and Freddie to provide home loans to unqualified borrowers. Bush tried to stop this practice in 2005, but was derailed by the dems.
Financial crisis- thank you idiotic liberal meddling in markets. This imbecilic policy nearly resulted in the financial destruction of the republic. To embrace the same foolish policies of liberalism would be "fooled twice". In November, the nation will show that it has learned about liberalism.
Hank Paulson didn't want bank regulation... Goldman Sachs was making money...
You use a link I already posted to justify your claims? Massive fail.
What part of the actual bill confirms your ill informed assertion that the intent of Republicans is to cut taxes on the rich to 0%?
At this point it seems quite clear (as if it wasn't already based on your endless procession of inaccurate partisan threads) that you have no actual facts to back up your claims.
Carry on with the great work. You've done a far better job of confirming yourself as a partisan hack than any of your detractors in these threads ever could.
You use a link I already posted to justify your claims? Massive fail.
What part of the actual bill confirms your ill informed assertion that the intent of Republicans is to cut taxes on the rich to 0%?
At this point it seems quite clear (as if it wasn't already based on your endless procession of inaccurate partisan threads) that you have no actual facts to back up your claims.
Carry on with the great work. You've done a far better job of confirming yourself as a partisan hack than any of your detractors in these threads ever could.
Partisan hack?... Look in the mirror... Read it and weep as the Republican right try to steal your house...
Here are some details for you directly from the bill...
SEC. 2. ZERO PERCENT CAPITAL GAINS RATE FOR INDIVIDUALS AND CORPORATIONS.
(a) Zero Percent Capital Gains Rate for Individuals-
(B) 0 percent of the adjusted net capital gain (or, if less, taxable income);’.
(C), and by amending subparagraph (B) to read as follows:
(B) 0 percent of the adjusted net capital gain (or, if less, taxable excess), plus.
(b) Zero Percent Capital Gains Rate for Corporations-
(a), there is hereby imposed a tax (if such tax is less than the tax imposed by such sections) which shall consist of the sum of--
(2) 0 percent of the adjusted net capital gain (or, if less, taxable income),
(3) TECHNICAL AMENDMENTS-
(A) Section 1202(a) of such Code is amended by striking ‘50 percent’ and inserting ‘100 percent’.
(B) Section 1445(e)(1) of such Code is amended by striking ‘35 percent (or, to the extent provided in regulations, 15 percent)’ and inserting ‘0 percent’.
(C) Section 1445(e)(2) of such Code is amended by striking ‘35 percent’ and inserting ‘0 percent’.
(D) Section 7518(g)(6)(A) of such Code is amended by striking ‘15 percent (34 percent in the case of a corporation)’ and inserting ‘0 percent’.
(E) Section 607(h)(6)(A) of the Merchant Marine Act, 1936 is amended by striking ‘15 percent (34 percent in the case of a corporation)’ and inserting ‘0 percent’.
(c) Effective Date-
(1) IN GENERAL- Except as provided in paragraph (2), the amendments made by this section shall apply to taxable years beginning after December 31, 2009
Partisan hack?... Look in the mirror... Read it and weep as the Republican right try to steal your house...
Here are some details for you directly from the bill...
SEC. 2. ZERO PERCENT CAPITAL GAINS RATE FOR INDIVIDUALS AND CORPORATIONS.
(a) Zero Percent Capital Gains Rate for Individuals-
(B) 0 percent of the adjusted net capital gain (or, if less, taxable income);’.
(C), and by amending subparagraph (B) to read as follows:
(B) 0 percent of the adjusted net capital gain (or, if less, taxable excess), plus.
(b) Zero Percent Capital Gains Rate for Corporations-
(a), there is hereby imposed a tax (if such tax is less than the tax imposed by such sections) which shall consist of the sum of--
(2) 0 percent of the adjusted net capital gain (or, if less, taxable income),
(3) TECHNICAL AMENDMENTS-
(A) Section 1202(a) of such Code is amended by striking ‘50 percent’ and inserting ‘100 percent’.
(B) Section 1445(e)(1) of such Code is amended by striking ‘35 percent (or, to the extent provided in regulations, 15 percent)’ and inserting ‘0 percent’.
(C) Section 1445(e)(2) of such Code is amended by striking ‘35 percent’ and inserting ‘0 percent’.
(D) Section 7518(g)(6)(A) of such Code is amended by striking ‘15 percent (34 percent in the case of a corporation)’ and inserting ‘0 percent’.
(E) Section 607(h)(6)(A) of the Merchant Marine Act, 1936 is amended by striking ‘15 percent (34 percent in the case of a corporation)’ and inserting ‘0 percent’.
(c) Effective Date-
(1) IN GENERAL- Except as provided in paragraph (2), the amendments made by this section shall apply to taxable years beginning after December 31, 2009
None of what you quoted confirms a 0% tax on the wealthy.
As far as your claim that I'm blindly supporting a party guess again. I'm a Libertarian and have only slightly more use for Republicans than I do for Democrats. In my opinion both major parties are bringing the US down but the Democrats have definitely chosen the express lane to bring about our downfall.
Partisan hack?... Look in the mirror... Read it and weep as the Republican right try to steal your house...
Here are some details for you directly from the bill...
SEC. 2. ZERO PERCENT CAPITAL GAINS RATE FOR INDIVIDUALS AND CORPORATIONS.
(a) Zero Percent Capital Gains Rate for Individuals-
(B) 0 percent of the adjusted net capital gain (or, if less, taxable income);’.
(C), and by amending subparagraph (B) to read as follows:
(B) 0 percent of the adjusted net capital gain (or, if less, taxable excess), plus.
(b) Zero Percent Capital Gains Rate for Corporations-
(a), there is hereby imposed a tax (if such tax is less than the tax imposed by such sections) which shall consist of the sum of--
(2) 0 percent of the adjusted net capital gain (or, if less, taxable income),
(3) TECHNICAL AMENDMENTS-
(A) Section 1202(a) of such Code is amended by striking ‘50 percent’ and inserting ‘100 percent’.
(B) Section 1445(e)(1) of such Code is amended by striking ‘35 percent (or, to the extent provided in regulations, 15 percent)’ and inserting ‘0 percent’.
(C) Section 1445(e)(2) of such Code is amended by striking ‘35 percent’ and inserting ‘0 percent’.
(D) Section 7518(g)(6)(A) of such Code is amended by striking ‘15 percent (34 percent in the case of a corporation)’ and inserting ‘0 percent’.
(E) Section 607(h)(6)(A) of the Merchant Marine Act, 1936 is amended by striking ‘15 percent (34 percent in the case of a corporation)’ and inserting ‘0 percent’.
(c) Effective Date-
(1) IN GENERAL- Except as provided in paragraph (2), the amendments made by this section shall apply to taxable years beginning after December 31, 2009
this only deals with capital gains taxes, thats it. you fail at reading comprehension.
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.
