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Old 10-16-2010, 10:04 AM
 
69,368 posts, read 64,108,083 times
Reputation: 9383

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Quote:
Originally Posted by HC475 View Post
That's why we boomed under Clinton and tanked under Bush... That's logic for ya...
We boombed under Clinton because we allowed corporations to generate massive profits.. Did you forget thats when the technology boom took place?

We also didnt tank under Bush, we had years of unemployment under 5%. It wasnt until Democrats took over and stopped the "greed" the economy tanked.

Well done at validating my point..
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Old 10-16-2010, 11:18 AM
 
30,065 posts, read 18,663,011 times
Reputation: 20882
Quote:
Originally Posted by David Aguilar View Post
All I saw there were conservative think tanks.



They do! Because I don't make over $250K a year.
You do realize, don't you, that your taxes will go up, regardless of your income? I think liberals need to read before they speak. Of course, they will not read, as it refutes everything that they think.

1. There has been NO LEGISLATION to keep the Bush tax cuts in place for ANYONE. Your taxes will go up January 1st, unless there is some rapid legislative changes (don't hold your breath).

2. Married? The marriage penalty is back Jan 1.

3. Have any capital gains? Capital gains increase Jan 1.

4. Own a buinsess? Obama has "granted" a one time "tax cut" for every new hire. He is also increasing the taxes on every small buisness (his greater than $250K per year taxes small buisness profits, as they are mostly S corps). He is creating the Obamacare tax/penalty for small buisness.

5. Here are the taxes that Obama wants, but could not get done YET-
a. increased energy cost through cap and trade
b. VAT tax
c. wealth tax
d. financial transaction tax

6. Increased "payroll tax" for Obamacare

7. Elimination of charitable deductions

8. Elimination of many (if not most) small buisness deductions

9. Elimination of many "tax free" purchases in medical savings accounts.


http://www.atr.org/six-months-untilb...ax-hikes-a5171#

http://theeconomiccollapseblog.com/a...e-tax-increase

http://blogs.marketwatch.com/fundmas...ncreases-2011/

http://www.kiplinger.com/businessres...11_090424.html
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Old 10-16-2010, 12:19 PM
 
5,346 posts, read 4,046,814 times
Reputation: 545
Quote:
Originally Posted by pghquest View Post
We boombed under Clinton because we allowed corporations to generate massive profits.. Did you forget thats when the technology boom took place?

We also didnt tank under Bush, we had years of unemployment under 5%. It wasnt until Democrats took over and stopped the "greed" the economy tanked.

Well done at validating my point..
It was the tax cuts and Bush war spending that tanked the conomy...
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Old 10-16-2010, 12:27 PM
 
69,368 posts, read 64,108,083 times
Reputation: 9383
Quote:
Originally Posted by HC475 View Post
It was the tax cuts and Bush war spending that tanked the conomy...
Wrong.. both tax cuts and war spending are econimic stimules.. Where did you get your economics degree? Ask for a refund!!!
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Old 10-16-2010, 01:39 PM
 
5,346 posts, read 4,046,814 times
Reputation: 545
Quote:
Originally Posted by pghquest View Post
Wrong.. both tax cuts and war spending are econimic stimules.. Where did you get your economics degree? Ask for a refund!!!
Wrong... 3% tax increases provide economic stimulus... just like in the 90's...
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Old 10-16-2010, 02:12 PM
 
69,368 posts, read 64,108,083 times
Reputation: 9383
Quote:
Originally Posted by HC475 View Post
Wrong... 3% tax increases provide economic stimulus... just like in the 90's...
Where on gods earth did you get your economics degree?

The economy boombed in the 1990's because the effective tax rate DROPPED.. NO ONE PAYS margins tax rates..
http://www.outsidethebeltway.com/wordpress/wp-content/uploads/2009/07/effective-tax-rate-charts.png (broken link)
If you take 3% OUT of the economy, how on gods earth are you stimulating it? Thats like saying you got a pay cut this year so you're going out and buying a larger home..

ooh heck, even better.. Obama is raising taxes on everyone, so the economy should be boombing right? Why, he should raise taxes to 100% and you wont be able to slow down the growth...

Someone please remind me how to put someone on ignore.. I've suffered enough pain from one poster to last me a lifetime...
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Old 10-16-2010, 02:14 PM
 
Location: Chicagoland
41,325 posts, read 44,944,793 times
Reputation: 7118
Quote:
Originally Posted by HC475 View Post
It was the tax cuts and Bush war spending that tanked the conomy...
You're serious? Where DO you get such propaganda?
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Old 10-16-2010, 02:35 PM
 
Location: Northridge/Porter Ranch, Calif.
24,511 posts, read 33,312,803 times
Reputation: 7623
Quote:
Originally Posted by aspiesmom View Post
he, and Daddy, and Raygun and Nixon are why this great country of ours should never vote Republican again. But , DANG, who keeps being fooled again
Yeah, we would have all been better off with a 2nd term of Carter.
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Old 10-16-2010, 02:47 PM
 
Location: Northridge/Porter Ranch, Calif.
24,511 posts, read 33,312,803 times
Reputation: 7623
Quote:
Originally Posted by pghquest View Post
Where on gods earth did you get your economics degree?

The economy boombed in the 1990's because the effective tax rate DROPPED.. NO ONE PAYS margins tax rates..

If you take 3% OUT of the economy, how on gods earth are you stimulating it? Thats like saying you got a pay cut this year so you're going out and buying a larger home..

ooh heck, even better.. Obama is raising taxes on everyone, so the economy should be boombing right? Why, he should raise taxes to 100% and you wont be able to slow down the growth...

Someone please remind me how to put someone on ignore.. I've suffered enough pain from one poster to last me a lifetime...
I don't blame you.

HC holds the record for most inaccurate "facts" in one post!
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Old 10-16-2010, 03:04 PM
 
5,346 posts, read 4,046,814 times
Reputation: 545
Quote:
Originally Posted by Fleet View Post
I don't blame you.

HC holds the record for most inaccurate "facts" in one post!
... It's funny because it's a historical fact... Inaccurate?... Direct links and graphs sure are misleading... Oh wait... I don't post from inflamatory right wing blogs... so I must be wrong...
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