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This is a discussion on 120 Days to Go Until the Largest Tax Hike in History to add to our "recovery summer." within the Economy forums, part of the US Discussion category; Quote: Originally Posted by WillowTree Quote: Originally Posted by rdean Quote: Originally Posted by WillowTree He's your hero isn't he? My hero's are American. Republicans ...
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![]() ![]() ![]() ![]() Please refrain from trying to engage in any type of intellectual debate with Willow. She will do a better job of bringing you down to her second grade level than you will do bringing her up to yours
__________________ . A CEO, a Conservative and a Liberal walk into a room. There are ten cookies on the table. The CEO takes nine and whispers to the Conservative.......Liberals trying to take your cookie |
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![]() Yes the lets borrow $2 trillon to give tax cuts to the ultra wealthy. All that economic stimulus we saw from the tax cut will surely be missed. All those jobs and prosperity that trickled down Lets put the taxes back were they were before and pay down our debt I really dont support raising the federal income tax on American's earning 5 figure incomes like you do but I do support paying down the debt so I'll give you a pass on this one .he did so in order to garner more democrat party support for the cuts. Without that provision the democrats would have opposed and stopped the cuts.
__________________ Let us not seek the Republican answer or the Democratic answer, but the right answer. Let us not seek to fix the blame for the past. Let us accept our own responsibility for the future. - JFK |
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| Read more here: So while the Democrats TALK of extending the Bush tax cuts IN REALITY they plan NO SUCH THING. Instead, they are biding their time until AFTER the midterm elections to STRANGLE THIS ECONOMY with huge tax hikes which are their socialist BID FOR POWER. Democrats, ESPECIALLY OBAMA care nothing for the DISASTER this will spell for you and me. THEY ARE COUNTING ON IT! When more and more people are out of work, they will promise us bread and circuses with more and more entitlements. That's their plan to keep people voting for them, forever. NOT to help people be successful, but SO DESPERATE FOR WHATEVER DRIBS AND DRABS THEY GIVE THEM OUT OF WASHINGTON, they will vote for Democrats for fear they will lose their entitlements! Disgusting! Remember this come November! ![]() And now what follows will be the usual hysterical liberal operatives having a COW I posted another article critical of Democrats. ![]() ![]() ![]() ![]() ![]() ![]() And just WAIT until the taxes go up, to see those unemployment rates climb! On the date Bush left office - January 20, 2009 - the unemployment rate was 8.1% The unemployment rate skyrocketed under Bush. The rate increased by 113% over the eight years of the Bush administration. |
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| Yes the lets borrow $2 trillon to give tax cuts to the ultra wealthy. All that economic stimulus we saw from the tax cut will surely be missed. All those jobs and prosperity that trickled down Lets put the taxes back were they were before and pay down our debt ![]() ![]() at the rate these motherfucking demonRats are spending we will never pay down our debt. are you with stupid?How stupid is it to start two wars and then cut taxes to pay for them? How stupid is it to want to return these idiots to power? You DARE question the legitimacy o' Lil' Dumbya's MBA??!!!!! ![]()
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| Yes the lets borrow $2 trillon to give tax cuts to the ultra wealthy. All that economic stimulus we saw from the tax cut will surely be missed. All those jobs and prosperity that trickled down Lets put the taxes back were they were before and pay down our debt Do you ever notice how MOST "conservatives", presently, are (either) the immature-spawn o' "conservative"-parents, or History-challenged Teabaggers??? ![]()
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| Not sure if anybody else caught this but SHAMAN held his own little rally on the day of the Glenn Beck rally ( see beneath blue arrow) ![]() thats his fat ass chick who rides the bike in his avatar!!!! ![]() If you look closely, you can see the bike in the background!!!
__________________ "The sword is an emblem of Islam. But Islam was born in an environment where the sword was, and still remains, the supreme law." ~Gandhi I drive a flex-fuel vehicle: burns rubber AND gas!!! Last edited by skookerasbil; 09-04-2010 at 09:52 AM. |
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| Yes the lets borrow $2 trillon to give tax cuts to the ultra wealthy. All that economic stimulus we saw from the tax cut will surely be missed. All those jobs and prosperity that trickled down Lets put the taxes back were they were before and pay down our debt ![]() ![]() at the rate these motherfucking demonRats are spending we will never pay down our debt. are you with stupid?
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| Yes the lets borrow $2 trillon to give tax cuts to the ultra wealthy. All that economic stimulus we saw from the tax cut will surely be missed. All those jobs and prosperity that trickled down Lets put the taxes back were they were before and pay down our debt It doesn't matter that it has been proved time and time again tax cuts RAISE REVENUES, because it frees up money in the economy, libreals will talk about "paying for tax cuts." Same old tired game. ![]() ![]() ![]() ![]() Riiiiiiiiiiiiiiiiiiiiiiiiiiiight.....and, we can ALWAYS rely on Republicans to save us from The Federal Government. ![]() (Why DO you "conservatives" CONTINUE to set-yourselves-up for an ass-whuppin'??!!! )
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| Quote: In just 120 days, the largest tax hikes in the history of America will take effect. They will hit families and small businesses in three great waves on January 1, 2011: First Wave: Expiration of 2001 and 2003 Tax Relief In 2001 and 2003, the GOP Congress enacted several tax cuts for investors, small business owners, and families. These will all expire on January 1, 2011: Personal income tax rates will rise. The top income tax rate will rise from 35 to 39.6 percent (this is also the rate at which two-thirds of small business profits are taxed). The lowest rate will rise from 10 to 15 percent. All the rates in between will also rise. Itemized deductions and personal exemptions will again phase out, which has the same mathematical effect as higher marginal tax rates. The full list of marginal rate hikes is below: - The 10% bracket rises to an expanded 15% - The 25% bracket rises to 28% - The 28% bracket rises to 31% - The 33% bracket rises to 36% - The 35% bracket rises to 39.6% Higher taxes on marriage and family. The “marriage penalty” (narrower tax brackets for married couples) will return from the first dollar of income. The child tax credit will be cut in half from $1000 to $500 per child. The standard deduction will no longer be doubled for married couples relative to the single level. The dependent care tax credit will be cut. The return of the Death Tax. This year, there is no death tax. For those dying on or after January 1 2011, there is a 55 percent top death tax rate on estates over $1 million. A person leaving behind two homes and a retirement account could easily pass along a death tax bill to their loved ones. Higher tax rates on savers and investors. The top capital gains tax will rise from 15 percent this year to 20 percent in 2011. The top dividends tax rate will rise from 15 percent this year to 39.6 percent in 2011. These rates will rise another 3.8 percent in 2013. Second Wave: Obamacare There are over twenty new or higher taxes in Obamacare. Several will first go into effect on January 1, 2011. They include: The Tanning Tax. This went into effect on July 1st of this year. It imposes a new, 10% excise tax on getting a tan at a tanning salon. There is no exemption for tanners making less than $250,000 per year. The “Medicine Cabinet Tax” Thanks to Obamacare, Americans will no longer be able to use health savings account (HSA), flexible spending account (FSA), or health reimbursement (HRA) pre-tax dollars to purchase non-prescription, over-the-counter medicines (except insulin). The HSA Withdrawal Tax Hike. This provision of Obamacare increases the additional tax on non-medical early withdrawals from an HSA from 10 to 20 percent, disadvantaging them relative to IRAs and other tax-advantaged accounts, which remain at 10 percent. Brand Name Drug Tax. Starting next year, there will be a multi-billion dollar tax assessment imposed on name-brand drug manufacturers. This tax, like all excise taxes, will raise the price of medicine, hurting everyone. Economic Substance Doctrine. The IRS is now empowered to disallow perfectly-legal tax deductions and maneuvers merely because it judges that the deduction or action lacks “economic substance.” This is obviously an arbitrary empowerment of IRS agents. Employer Reporting of Health Insurance Costs on a W-2. This will start for W-2s in the 2011 tax year. While not a tax increase in itself, it makes it very easy for Congress to tax employer-provided healthcare benefits later. Third Wave: The Alternative Minimum Tax and Employer Tax Hikes Read more here: 120 Days to Go Until the<br> Largest Tax Hikes in History# So while the Democrats TALK of extending the Bush tax cuts IN REALITY they plan NO SUCH THING. Instead, they are biding their time until AFTER the midterm elections to STRANGLE THIS ECONOMY with huge tax hikes which are their socialist BID FOR POWER. Democrats, ESPECIALLY OBAMA care nothing for the DISASTER this will spell for you and me. THEY ARE COUNTING ON IT! When more and more people are out of work, they will promise us bread and circuses with more and more entitlements. That's their plan to keep people voting for them, forever. NOT to help people be successful, but SO DESPERATE FOR WHATEVER DRIBS AND DRABS THEY GIVE THEM OUT OF WASHINGTON, they will vote for Democrats for fear they will lose their entitlements! Disgusting! Remember this come November! ![]() And now what follows will be the usual hysterical liberal operatives having a COW I posted another article critical of Democrats. ![]() ![]() ![]() ![]() ![]() ![]() I think the best descriptor would be CONSISTANT.
__________________ Quote: Last edited by Mr. Shaman; 09-04-2010 at 11:41 AM. |
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| It is well established that tax cuts do not raise tax revenues. The Bush tax cuts caused real tax receipts as a percentage of GDP to plunge from 19.8% in 2001, to 15.8% in 2010. Ten Myths About the Bush Tax Cuts | The Heritage Foundation http://www.heritage.org/research/rep...xcuts2002.ashx
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| Toooooooooooooooooooooooooooooooooooooo easy...... Quote: "....President Bush and a complicit Congress didn’t want to show the magnitude of the deficits that would result from their tax cuts."
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| Toooooooooooooooooooooooooooooooooooooo easy...... Quote: "....President Bush and a complicit Congress didn’t want to show the magnitude of the deficits that would result from their tax cuts." ![]() He's off hunting, fishing, eathing filet mignon and drinking fine wine out in Crawford!!!
__________________ "The sword is an emblem of Islam. But Islam was born in an environment where the sword was, and still remains, the supreme law." ~Gandhi I drive a flex-fuel vehicle: burns rubber AND gas!!! |
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__________________ "The sword is an emblem of Islam. But Islam was born in an environment where the sword was, and still remains, the supreme law." ~Gandhi I drive a flex-fuel vehicle: burns rubber AND gas!!! |
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