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View Full Version : 1.5T in tax hikes (proposed)



jk the sooner fan
9/19/2011, 10:15 AM
by our President

i'm shocked!!!!! who else didn't see this coming?

REDREX
9/19/2011, 10:35 AM
Barack and his merrymen are Clueless

sappstuf
9/19/2011, 10:41 AM
Obama is as clueless as he is irrelevent...

His urgent jobs bill is already underwater. 6 democrats have come out against it, and a couple of others, like Nelson and McCaskill that will go no as well eventually.

Once again, Obama has built bipartisan consensus as he promised.... Against his proposals.

Obama thinks when he speaks, the world stops for him. George Will put it well this weekend about Obama true rhetorical powers...


“He went to Massachusetts to campaign against Scott Brown. Scott Brown is now a senator. He went to New Jersey to campaign against Chris Christie, who’s now the governor. He went to Virginia to campaign against Bob McDonnell, who’s now governor. He campaigned for the health care plan extensively, it became less popular. He campaigned in 2010 for the Democrats, they were shellacked. He began, in a sense, his presidency flying to Copenhagen to get Chicago the Olympics. Chicago was the first city eliminated. There is no evidence that the man has rhetorical powers he is relying on.”

Veritas
9/19/2011, 10:46 AM
Obama is a clueless as he is irrelevent...
Yeah, you know, which is really just so surprising. It's almost like he never had a job where he was required to learn to interact with people in order to advance an agenda.

SoonerMom2
9/19/2011, 10:58 AM
Yeah, you know, which is really just so surprising. It's almost like he never had a job where he was required to learn to interact with people in order to advance an agenda.

That is because he never did. He was a community organizer which meant he sat around and talked BS, on the Annenberg Project with Bill Ayers, Ayers used to slip him the notes what to say. In the IL Senate he voted present more than anything when he showed up, and in the US Senate he was a no show as head of a Foreign Affairs Committee -- he took trips as the Chair of the subcommittee but held no meetings for the short time he was in the Senate. He has never held a real job where you had to manage everything. That doesn't even include all the money and property obtained under the table which is fairly easy in Chicago.

They need to close the tax loopholes not raise taxes on the people who create the jobs. Obama is not only clueless but doesn't care if he is clueless as he wanders along expecting everyone to bow down before him. The media and the Dems did a real number to get him elected and now the Country is paying the price.

My more than two cents on why he never should have been elected -- no experience just like Bachmann who needs to go away along with Palin. I run a political blog with a good friend and have all the research on ZERO which describes him perfectly!

jk the sooner fan
9/19/2011, 11:10 AM
Bachman has no experience?

really?

badger
9/19/2011, 11:15 AM
If my taxes go up it won't be the end of the world. I would rather have more money, but I will live.

^^^ Yes, i am typing this knowing that there's no chance in hell a tax increase passes.

Tulsa_Fireman
9/19/2011, 11:19 AM
Brother gotta get paid!

pphilfran
9/19/2011, 11:52 AM
Can't cut enough so tax revenue will need to be increased...

But...

To add more lines to an already convoluted tax code is asinine...a Buffet test to increase taxes does not address the root cause...

Simplify the tax code...

Lott's Bandana
9/19/2011, 01:19 PM
"Tax Code"


apropos

JohnnyMack
9/19/2011, 02:05 PM
Bachman has no experience?

really?

She really hasn't done much:

http://www.politico.com/news/stories/0611/57885.html

Except for being hateful and bigoted towards teh gays.

The Profit
9/19/2011, 02:39 PM
It is a tax on millionaires. I have no problem with that. It is about time that they paid their fair share.

REDREX
9/19/2011, 02:44 PM
It is a tax on millionaires. I have no problem with that. It is about time that they paid their fair share.------ They are less than 2/10 of 1% of all tax payers and pay 20% of the total tax----The Fair Share argument is nothing but a talking point

sappstuf
9/19/2011, 03:45 PM
It is a tax on millionaires. I have no problem with that. It is about time that they paid their fair share.

Yeah, CLEARLY it is the rich that are not paying their fair....

http://www.nationalreview.com/sites/default/files/nfs/uploaded/u1084/vero_20110421.jpg

jk the sooner fan
9/19/2011, 03:55 PM
It is a tax on millionaires. I have no problem with that. It is about time that they paid their fair share.

you think this is only going to affect millionaires?

really?

badger
9/19/2011, 03:55 PM
Oh boy... they're taking someone else's money! Yay!

Wait... are we just borrowing Chinese money again? :mad:

No? Ok then. YAY!!!!! :D

;)

Caboose
9/19/2011, 04:13 PM
It is a tax on millionaires. I have no problem with that. It is about time that they paid their fair share.

This is how people like Obama get elected. People who find it easier to latch on to and regurgitate some slogan or feel-good mantra than it is to actually think for themselves. I am sorry, but anyone stupid enough to parrot this line of yak sh*t about the rich not paying their fair share doesn't deserve the privilege to vote.

pphilfran
9/19/2011, 04:25 PM
If we cut 300 billion in spending each year we are still in deep red (see numbers below)...all of the numbers listed are from Obama's 2012 budget...and his revenue numbers will be on the high side...they projected revenue to grow by 25% from 2011 to 2012 and that ain't gonna happen...due to that lower revenue you should be able to add at least a 100 billion to the deficits listed below...and those increased deficits will add to the debt servicing numbers that are listed...

http://www.whitehouse.gov/omb/budget/Historicals

2012 800 billion deficit
2013 467 billion deficit
2014 344 billion deficit
2015 306 billion deficit
2016 358 billion deficit

During that same time frame debt servicing grows to astronomical numbers
2012 241 billion
2013 321 billion
2014 417 billion
2015 494 billion
2016 562 billion

Like I said you ain't getting there without increased revenue...and increased revenue will be due to higher effective tax rates...

pphilfran
9/19/2011, 04:36 PM
In 2012 if we eliminate spending on everything other than debt servicing and human resources (SS/Med/Unemployment/Vet Benefits) we still come up short by 30 billion...and I get that 30 billion by using the budget revenue projections which ain't gonna happen so cuts will need to go deeper...

CrimsonCream
9/19/2011, 04:49 PM
Obama is as clueless as he is irrelevent...

His urgent jobs bill is already underwater. 6 democrats have come out against it, and a couple of others, like Nelson and McCaskill that will go no as well eventually.

Once again, Obama has built bipartisan consensus as he promised.... Against his proposals.

Obama thinks when he speaks, the world stops for him. George Will put it well this weekend about Obama true rhetorical powers...

"Sleaze" is clueless.

Exactly what you want to do in a bad economy is to raise taxes. The "MF" will just spend the money. Notice how his plans involve spending today but pay it back over 10 years? Never happens.

Such a pathetic President. Makes even Carter look good.

Oduma is such an arrogant sh*thead that he thinks he can bullsh*t everybody and everything. "I have a gift, Harry." Trouble is for him that the Country is tired of him and are tuning his dumb@ss out.

pphilfran
9/19/2011, 05:03 PM
"Sleaze" is clueless.

Exactly what you want to do in a bad economy is to raise taxes. The "MF" will just spend the money. Notice how his plans involve spending today but pay it back over 10 years? Never happens.

Such a pathetic President. Makes even Carter look good.

Oduma is such an arrogant sh*thead that he thinks he can bullsh*t everybody and everything. "I have a gift, Harry." Trouble is for him that the Country is tired of him and are tuning his dumb@ss out.

i agree that raising taxes in a slow economy is unwise...cutting spending during a slow economy is just as stupid...

CrimsonCream
9/19/2011, 05:08 PM
i agree that raising taxes in a slow economy is unwise...cutting spending during a slow economy is just as stupid...

Yes.

But what we get for that $850 billion? Oh, "Those shovel-ready jobs weren't as shovel-ready as we thought" to laughter.

So, where did the money go? Basically to pay off his supporters and increase the size of government.

pphilfran
9/19/2011, 05:11 PM
The shovel ready jobs were a benefit...the administration did not understand the time frame...the trouble with the shovel ready job program was that it was not big enough...

OutlandTrophy
9/19/2011, 05:13 PM
It is a tax on millionaires. I have no problem with that. It is about time that they paid their fair share.
silliness.

This also raises the airline ticket price for joe six pack $15 for each ticket.

Speaking about people not paying their "fair share", what about the 50% or so of Americans that paid $0 in Federal income taxes last year? They don't have to pay their "fair share"?

Caboose
9/19/2011, 05:19 PM
silliness.

This also raises the airline ticket price for joe six pack $15 for each ticket.

Speaking about people not paying their "fair share", what about the 50% or so of Americans that paid $0 in Federal income taxes last year? They don't have to pay their "fair share"?

Over half of the population gets government for free.... but it's the rich who aren't paying their fair share. Brilliant.

CrimsonCream
9/19/2011, 05:38 PM
Over half of the population gets government for free.... but it's the rich who aren't paying their fair share. Brilliant.

Yeah, but you don't ever see that in the corrupt Media.

If the Media would only do something that resembles honest reporting many, many more Americans would be apalled.

8timechamps
9/19/2011, 06:41 PM
It's not rocket science. Shrink government by shrinking government spending. Allow Americans the financial feasibility to create jobs for other Americans.

Simplifying the tax code is way overdue.

soonercruiser
9/19/2011, 08:38 PM
You guys are missing something!

As a community organizer for ACORN/IAF and teaching other community organizers, according to the teachings of Alinsky he was teaching dissent and chaos.
I think he is doing a good job at what he teaches himself!

New York and Ca will soon have riots on the streets, unless the rest of the Republic bails them out.
:chargrined:

diverdog
9/20/2011, 06:15 AM
Over half of the population gets government for free.... but it's the rich who aren't paying their fair share. Brilliant.

Your statement is not entirely true. Over half the people do not pay income tax but they pay other taxes. There are also people who make a lot of money who pay little or no income taxes and most people do not pay income taxes on all their income. As phil said the tax code needs to be simplified and we need the revenue. Of course spending has to be cut. Defense is a good place to start.

OutlandTrophy
9/20/2011, 06:23 AM
no **** those other people pay other taxes. So do those of us that actually pay Federal income tax. I'd rather they pay taxes to the US Treasury instead of just paying taxes on cigarettes and malt liquor.

marfacowboy
9/20/2011, 07:27 AM
This is all gamesmanship and politics. He knows it won't pass, so his wealthy Wall Street buddies that will fund his campaign won't be upset. But it will look like he's "doing something" to his liberal base. He can say "he tried."
But the stark cold reality of things is this. You can't fix this financial mess without cutting expenses and raising revenue. I'm not sure anyone has given a clear and honest answer as to whether closing loopholes will result in enough revenue generation. They're politicians. They all lie.

GrapevineSooner
9/20/2011, 07:40 AM
Not sure where I read this (and I've spent the past half hour Googling for the article)...

But if you taxed the super rich (those making over $10 million a year) at 100% taxation rates, it would only lower our deficit by about 3%.

pphilfran
9/20/2011, 09:41 AM
Not sure where I read this (and I've spent the past half hour Googling for the article)...

But if you taxed the super rich (those making over $10 million a year) at 100% taxation rates, it would only lower our deficit by about 3%.

In 2009 (latest data available) there were 236,883 returns with an AGI above 1 million (sorry, I only have AGI data)...those 236k returns showed a total of 726.9 billion dollars in AGI...an avg AGI of 3 million per return...

http://www.irs.gov/taxstats/indtaxstats/article/0,,id=96981,00.html

diverdog
9/20/2011, 10:50 AM
In 2009 (latest data available) there were 236,883 returns with an AGI above 1 million (sorry, I only have AGI data)...those 236k returns showed a total of 726.9 billion dollars in AGI...an avg AGI of 3 million per return...

http://www.irs.gov/taxstats/indtaxstats/article/0,,id=96981,00.html


I read today that there are approx 1400 filers who make a million plus a year and pay no taxes. The other issue is that we allow a lot of money to be sheltered and is not exposed to any personal income taxes.

pphilfran
9/20/2011, 10:53 AM
I read today that there are approx 1400 filers who make a million plus a year and pay no taxes. The other issue is that we allow a lot of money to be sheltered and is not exposed to any personal income taxes.

We both feel the same way about the whole mess...

badger
9/20/2011, 11:12 AM
http://msnbcmedia.msn.com/j/MSNBC/Components/Slideshows/_production/_archive/Cartoons/ss-110919-class-warfare/ss-110919-class-warfare-10.ss_full.jpg

If you have more money than I do, you are wealthy. :P

Position Limit
9/20/2011, 01:14 PM
standard talking points, a few cartoons, and the community organizer argument still doesnt change the fact that usual 40k, w-2 filing cubical workers are defending a status that they will never sniff. may the spirit of jim jones live on. maybe the million dollar threshold should be taxed at 5%. then all will be well on the cul-de-sac. some of my biggest years ever shocked me when my accountant told me what i owed. fair share? who knows....

sappstuf
9/20/2011, 01:39 PM
standard talking points, a few cartoons, and the community organizer argument still doesnt change the fact that usual 40k, w-2 filing cubical workers are defending a status that they will never sniff. may the spirit of jim jones live on. maybe the million dollar threshold should be taxed at 5%. then all will be well on the cul-de-sac. some of my biggest years ever shocked me when my accountant told me what i owed. fair share? who knows....

But you are okay with the government taking taxes from those cubical workers and bundle into a stimulus for Solyndra's investor George Kaiser? A guy that is worth over $10 Billion. Not that the government isn't taxing him enough.. No, the government is giving him money.

CrimsonCream
9/20/2011, 01:57 PM
They're politicians. They all lie.

And that is the shame of it all. Anymore, it is almost you can bullsh*t better.

When has Social Security been an entitlement program? Has the government ever paid anything into it? No, just the employers and employees.

Social Security is funded through 2037. Trouble is that there is no money in it because the politicians took it and left IOUs.

Just seems like the Country is going further downhill with each succeeding President.

Position Limit
9/20/2011, 02:09 PM
But you are okay with the government taking taxes from those cubical workers and bundle into a stimulus for Solyndra's investor George Kaiser? A guy that is worth over $10 Billion. Not that the government isn't taxing him enough.. No, the government is giving him money.

dude what? where did this come from? $10 billion man getting a bailout? say it aint so. his taxes should be lowered so more jobs can be created!!!! kaiser has his hand in everything it seems. he's bought tulsa so he can do no wrong. he did pay for a new biking trail on riverside, so hand him the keys to the kingdom.

Position Limit
9/20/2011, 02:16 PM
Yeah, but you don't ever see that in the corrupt Media.

If the Media would only do something that resembles honest reporting many, many more Americans would be apalled.

with so much socialist corruption and a sinister media complex, im grateful to have you here to keep us all informed with the truth. where is this fountain of facts that you drink from? i'm in awe of you dynamic ability to narrow down all ills of the country into such complex, eloquent talking points. my cup runneth empty.

pphilfran
9/20/2011, 02:18 PM
Look what the dog drug in....

sappstuf
9/20/2011, 02:24 PM
dude what? where did this come from? $10 billion man getting a bailout? say it aint so. his taxes should be lowered so more jobs can be created!!!! kaiser has his hand in everything it seems. he's bought tulsa so he can do no wrong. he did pay for a new biking trail on riverside, so hand him the keys to the kingdom.

You seem smart enough to be able to figure out the difference between Kaiser possibly not paying in enough taxes versus taking money directly away from the middle class in the form of taxes and then giving it to a venture capitalist whose investment has gone wrong...

I could be wrong though.