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I'm Confused...

javaguru

javaguru

Banned
The president claims he's lowered taxes on everyone making less than 250k a year but has broken his promise to not raise taxes on people making less than 250k a year about fourteen times so far.

He started with SCHIP by raising cigarette taxes on every smoker within a week of becoming president. The healthcare bill raised taxes on medical device providers....businesses pass AT LEAST a portion of their taxes onto consumers as a cost of doing business which is an indirect tax on the "non-rich." His adviser Volker is claiming a VAT isn't erroneous anymore....I live in crazy town...:worried:
 
javaguru said:
Don't get me started on the fact people can be unemployed for two years while being supported by entitlements. I'm starting to feel like I live in ancient Rome....
Click to expand...

My organization has gained from the recession.

Peeps that made >$100k took jobs with us for $50k

Little does the boss know once Barry turns the economy around all his new "superstars" are going to bolt :)
 
lol at stimulus package... stupidest fucking thing i've ever heard of
 
the_clockwork said:
lol at stimulus package... stupidest fucking thing i've ever heard of
Click to expand...

LOL...most of it still hasn't been spent.


Obama's economic promises are right up there with the three greatest lies ever told in America....

The check is in the mail.

The truck is paid for.

I was just helping the sheep over the fence officer.


Just sayin'
 
If i could move I def would but with my daughter being here I could never leave her. This country is going to crap and quick.
 
I think it's hilarious that our government is running the two largest ponzi schemes in the world (social security and Medicare) and we just cooked the books to pass another multi-trillion entitlement.

So what do we do after that? Easy call -- run to wall street and lecture them on financial responsibility.

Credit default swap agreements = bad

$170T in unfunded entitlements = good
 
redshirt27se said:
A VAT is very unlikely to ever pass.
Click to expand...

You can't refute math with politics. The entitlements need to be cut or taxes increased dramatically. You could also do a combination but neither party is fiscally conservative enough to touch entitlements. Therefore, a VAT will become a necessity which will be spun by the politicians as a tax on big business because it propagates through the value added chain and they'll site mega corporations as opposed to small business owners and the population will acquiesce because they dislike corporations and don't realize businesses pass on their taxes as a cost of doing business. It's easy to cite the profits of a business sector and demonize them without putting it in the context of profit margin and ROI.
 
javaguru said:
You can't refute math with politics. The entitlements need to be cut or taxes increased dramatically. You could also do a combination but neither party is fiscally conservative enough to touch entitlements. Therefore, a VAT will become a necessity which will be spun by the politicians as a tax on big business because it propagates through the value added chain and they'll site mega corporations as opposed to small business owners and the population will acquiesce because they dislike corporations and don't realize businesses pass on their taxes as a cost of doing business. It's easy to cite the profits of a business sector and demonize them without putting it in the context of profit margin and ROI.
Click to expand...
I think it would be political suicide for either side to promote the idea. A lot of people are familiar with the concept of a VAT because they have seen it in Europe. It is not a popular idea with anyone. Michigan actually had a value added tax (known as the Single Business Tax, or SBT) and it was repealed in 2009 from voter initiated legislation.
 
redshirt27se said:
I think it would be political suicide for either side to promote the idea. A lot of people are familiar with the concept of a VAT because they have seen it in Europe. It is not a popular idea with anyone. Michigan actually had a value added tax (known as the Single Business Tax, or SBT) and it was repealed in 2009 from voter initiated legislation.
Click to expand...

It isn't political suicide compared to devaluing your currency to fuck your creditors like Germany in the 1920's. The math is simple...pay less or take more and history ha shown entitlements will not be touched. The United States has had a 90% tax bracket for income tax...and we're approaching the debt, from WWII, that forced that tax rate.
 
javaguru said:
It isn't political suicide compared to devaluing your currency to fuck your creditors like Germany in the 1920's. The math is simple...pay less or take more and history ha shown entitlements will not be touched. The United States has had a 90% tax bracket for income tax...and we're approaching the debt, from WWII, that forced that tax rate.
Click to expand...
Most Americans don't have the economical knowledge to know if it is a necessity or not. They are only going to hear the word "tax" and cry.
 
javaguru said:
The president claims he's lowered taxes on everyone making less than 250k a year but has broken his promise to not raise taxes on people making less than 250k a year about fourteen times so far.

He started with SCHIP by raising cigarette taxes on every smoker within a week of becoming president. The healthcare bill raised taxes on medical device providers....businesses pass AT LEAST a portion of their taxes onto consumers as a cost of doing business which is an indirect tax on the "non-rich." His adviser Volker is claiming a VAT isn't erroneous anymore....I live in crazy town...:worried:
Click to expand...

they also want to start treating s corporations the same as partnerships (all net income would be subject to self-employment, i.e. fica, tax. . .not just wages). . .this would increase taxes paid by small business owners who are incorporated and have made an "s" election and make less than $250,000 per year (the majority of all corporations in the U.S.) by 7.65%. . .which IS a significant increase.

obama's a fuckin' liar. . .just like every other politician. . .surprise, surprise :rolleyes:
 
digimon7068 said:
they also want to start treating s corporations the same as partnerships (all net income would be subject to self-employment, i.e. fica, tax. . .not just wages). . .this would increase taxes paid by small business owners who are incorporated and have made an "s" election and make less than $250,000 per year (the majority of all corporations in the U.S.) by 7.65%. . .which IS a significant increase.

obama's a fuckin' liar. . .just like every other politician. . .surprise, surprise :rolleyes:
Click to expand...

I specialized in business law and took partnership tax..that's some serious change...:( Change you can believe in...:(

At least I still have the means to support myself and my family if everything goes to shit and the zombie plague materializes....:)

 
javaguru said:
I specialized in business law and took partnership tax..that's some serious change...:( Change you can believe in...:(

At least I still have the means to support myself and my family if everything goes to shit and the zombie plague materializes....:)

Click to expand...

absolutely. . .gimme a reason LOL
 
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