Moody's Predicts Democrat Landslide

[Roudy]

Remind us again who Barney Frank was and the role he played?

Frank's fingerprints are all over the financial fiasco - The Boston Globe

Frank's fingerprints are all over the financial fiasco
'THE PRIVATE SECTOR got us into this mess. The government has to get us out of it."

That's Barney Frank's story, and he's sticking to it. As the Massachusetts Democrat has explained it in recent days, the current financial crisis is the spawn of the free market run amok, with the political class guilty only of failing to rein the capitalists in. The Wall Street meltdown was caused by "bad decisions that were made by people in the private sector," Frank said; the country is in dire straits today "thanks to a conservative philosophy that says the market knows best." And that philosophy goes "back to Ronald Reagan, when at his inauguration he said, 'Government is not the answer to our problems; government is the problem.' "

In fact, that isn't what Reagan said. His actual words were: "In this present crisis, government is not the solution to our problem; government is the problem." Were he president today, he would be saying much the same thing.

Because while the mortgage crisis convulsing Wall Street has its share of private-sector culprits -- many of whom have been learning lately just how pitiless the private sector’s discipline can be -- they weren't the ones who "got us into this mess." Barney Frank's talking points notwithstanding, mortgage lenders didn't wake up one fine day deciding to junk long-held standards of creditworthiness in order to make ill-advised loans to unqualified borrowers. It would be closer to the truth to say they woke up to find the government twisting their arms and demanding that they do so - or else.

The roots of this crisis go back to the Carter administration. That was when government officials, egged on by left-wing activists, began accusing mortgage lenders of racism and "redlining" because urban blacks were being denied mortgages at a higher rate than suburban whites.

The pressure to make more loans to minorities (read: to borrowers with weak credit histories) became relentless. Congress passed the Community Reinvestment Act, empowering regulators to punish banks that failed to "meet the credit needs" of "low-income, minority, and distressed neighborhoods." Lenders responded by loosening their underwriting standards and making increasingly shoddy loans. The two government-chartered mortgage finance firms, Fannie Mae and Freddie Mac, encouraged this "subprime" lending by authorizing ever more "flexible" criteria by which high-risk borrowers could be qualified for home loans, and then buying up the questionable mortgages that ensued.

All this was justified as a means of increasing homeownership among minorities and the poor. Affirmative-action policies trumped sound business practices. A manual issued by the Federal Reserve Bank of Boston advised mortgage lenders to disregard financial common sense. "Lack of credit history should not be seen as a negative factor," the Fed's guidelinesinstructed. Lenders were directed to accept welfare payments and unemployment benefits as "valid income sources" to qualify for a mortgage. Failure to comply could mean a lawsuit.

As long as housing prices kept rising, the illusion that all this was good public policy could be sustained. But it didn't take a financial whiz to recognize that a day of reckoning would come. "What does it mean when Boston banks start making many more loans to minorities?" I asked in this space in 1995. "Most likely, that they are knowingly approving risky loans in order to get the feds and the activists off their backs . . . When the coming wave of foreclosures rolls through the inner city, which of today's self-congratulating bankers, politicians, and regulators plans to take the credit?"

Frank doesn't. But his fingerprints are all over this fiasco. Time and time again, Frank insisted that Fannie Mae and Freddie Mac were in good shape. Five years ago, for example, when the Bush administration proposed much tighter regulation of the two companies, Frank was adamant that "these two entities, Fannie Mae and Freddie Mac, are not facing any kind of financial crisis." When the White House warned of "systemic risk for our financial system" unless the mortgage giants were curbed, Frank complained that the administration was more concerned about financial safety than about housing.

Now that the bubble has burst and the "systemic risk" is apparent to all, Frank blithely declares: "The private sector got us into this mess." Well, give the congressman points for gall. Wall Street and private lenders have plenty to answer for, but it was Washington and the political class that derailed this train. If Frank is looking for a culprit to blame, he can find one suspect in the nearest mirror.

Financial Crisis Inquiry Commission: Fannie And Freddie "Followed Rather Than Led Wall Street And Other Lenders In The Rush For Fool's Gold."

McClatchy: During Bubble Years, "Private Investment Banks -- Not Fannie And Freddie -- Dominated The Mortgage Loans That Were Packaged And Sold."

McClatchy: "Federal Housing Data Reveal That Charges" Against Fannie And Freddie "Aren't True."


Investor Barry Ritholz: Narrative That Fannie/Freddie Caused The Crisis Is "The Big Lie" Of Financial Crisis.

Wall Street has its own version: Its Big Lie is that banks and investment houses are merely victims of the crash. You see, the entire boom and bust was caused by misguided government policies. It was not irresponsible lending or derivative or excess leverage or misguided compensation packages, but rather long-standing housing policies that were at fault.

Indeed, the arguments these folks make fail to withstand even casual scrutiny. But that has not stopped people who should know better from repeating them.

[...]

Congress did radically deregulate the financial sector, doing away with many of the protections that had worked for decades. Congress allowed Wall Street to self-regulate, and the Fed the turned a blind eye to bank abuses.

The previous Big Lie -- the discredited belief that free markets require no adult supervision -- is the reason people have created a new false narrative.


What caused the financial crisis? The Big Lie goes viral

Whatever! It wasn't Bush.

Wow! Racist AND homophobic!

Ha ha ha. Racist and homophobic my ass. More like you're a leftist whiner, numbnuts.

 

[Dad2three]

The rich abide by the Golden Rule...he who has the gold, makes the rules

They have duped the American people with supply side myth and bogus titles like "job creator"

Meanwhile, the middle class is disappearing and the American Dream is all but gone

I don't think so, the wealthy people I know have made it the hard way. And they still work like dogs to Maintain their standard of living.

If they make under $2 million a year, they are working hard subsidizing the Rich. Rich people making over $2 million a year are not working hard. They riding on subsidy & tax avoidance while portraying a work illusion that you fell for hook line & sinker.

Right. All the people making over 2 million a year are sitting in their asses living off the "poor". Damn! Do you even listen to your warped logic? So all those people making from like 500,000 to two million aren't rich? Aren't they also successful people who are working hard in high paying professions or have successful businesses trying to maintain their lifestyle that THEY created for themselves.

But according to you Obama cool aid drinkers, "they didn't build that" remember? So let's demonize and criminalize a whole class of people, tax the fuck out of them, and take away everything they have achieved, in order to create more voters for the Democrat socialist party.

 

[Roudy]

Is the solution to take more and more? The rich are usually driven, successful, innovative, educated people who worked hard to get there. And they create future generations of educated, innovative successful people. With exception of a few who are born with silver spoons up their anuses. Instead of celebrating and emulating success, the left under Obama has become a party that wants to criminalize success or wealth. They will not be happy until they tax 98% of anything people earn over a certain number they feel is "acceptable" ie $50,000. Marxism didn't work.

The rich abide by the Golden Rule...he who has the gold, makes the rules

They have duped the American people with supply side myth and bogus titles like "job creator"

Meanwhile, the middle class is disappearing and the American Dream is all but gone

I don't think so, the wealthy people I know have made it the hard way. And they still work like dogs to Maintain their standard of living.

If they make under $2 million a year, they are working hard subsidizing the Rich. Rich people making over $2 million a year are not working hard. They riding on subsidy & tax avoidance while portraying a work illusion that you fell for hook line & sinker.

Right. All the people making over 2 million a year are sitting in their asses living off the "poor". Damn! Do you even listen to your warped logic? So all those people making from like 500,000 to two million aren't rich? Aren't they also successful people who are working hard in high paying professions or have successful businesses trying to maintain their lifestyle that THEY created for themselves.

But according to you Obama cool aid drinkers, "they didn't build that" remember? So let's demonize and criminalize a whole class of people, tax the fuck out of them, and take away everything they have achieved, in order to create more voters for the Democrat socialist party.

 

[Dad2three]

The rich abide by the Golden Rule...he who has the gold, makes the rules

They have duped the American people with supply side myth and bogus titles like "job creator"

Meanwhile, the middle class is disappearing and the American Dream is all but gone

I don't think so, the wealthy people I know have made it the hard way. And they still work like dogs to Maintain their standard of living.

If they make under $2 million a year, they are working hard subsidizing the Rich. Rich people making over $2 million a year are not working hard. They riding on subsidy & tax avoidance while portraying a work illusion that you fell for hook line & sinker.

Right. All the people making over 2 million a year are sitting in their asses living off the "poor". Damn! Do you even listen to your warped logic? So all those people making from like 500,000 to two million aren't rich? Aren't they also successful people who are working hard in high paying professions or have successful businesses trying to maintain their lifestyle that THEY created for themselves.

But according to you Obama cool aid drinkers, "they didn't build that" remember? So let's demonize and criminalize a whole class of people, tax the fuck out of them, and take away everything they have achieved, in order to create more voters for the Democrat socialist party.

Perhaps get rid of Cit United and get the money out from BOTH sides? Nah right Bubs

lol

 

[Synthaholic]

Keep up, it was democrats and their policies that forced banks to give out shady loans to people who weren't qualified.

Which bill? What year?

 

[Synthaholic]

That would also be true if he received only $5 from Big Labor, wouldn't it?

 

[David_42]

The rich abide by the Golden Rule...he who has the gold, makes the rules

They have duped the American people with supply side myth and bogus titles like "job creator"

Meanwhile, the middle class is disappearing and the American Dream is all but gone

I don't think so, the wealthy people I know have made it the hard way. And they still work like dogs to Maintain their standard of living.

If they make under $2 million a year, they are working hard subsidizing the Rich. Rich people making over $2 million a year are not working hard. They riding on subsidy & tax avoidance while portraying a work illusion that you fell for hook line & sinker.

Right. All the people making over 2 million a year are sitting in their asses living off the "poor". Damn! Do you even listen to your warped logic? So all those people making from like 500,000 to two million aren't rich? Aren't they also successful people who are working hard in high paying professions or have successful businesses trying to maintain their lifestyle that THEY created for themselves.

But according to you Obama cool aid drinkers, "they didn't build that" remember? So let's demonize and criminalize a whole class of people, tax the fuck out of them, and take away everything they have achieved, in order to create more voters for the Democrat socialist party.

Labor unions represent working people and are made up of them, corporate donors are out for themselves.

 

[rightwinger]

The rich abide by the Golden Rule...he who has the gold, makes the rules

They have duped the American people with supply side myth and bogus titles like "job creator"

Meanwhile, the middle class is disappearing and the American Dream is all but gone

I don't think so, the wealthy people I know have made it the hard way. And they still work like dogs to Maintain their standard of living.

So do poor people.....only they are meagerly compensated for their labor

Look that's life, you can't blame someone who works hard, gets an education, or finds a way to become successful. There will always be more poor people than rich. Has Obama helped the poor by creating an environment where you have record number on govt subsidies and out of work and no longer looking for work? The same people that leftist radicals like Obama claim to be looking out for are the ones that are suffering the most because of their ideology.

Supply side economics created a perfect vehicle to starve the poor and freeze the middle class. Keep workers hungry, make them worry about their jobs, make it clear they can be replaced in an instant

Best way to ensure the rich get richer and stay that way

And what has Obama's taxing the hell out of people and attacking businesses and over regulation brought us? His policies have affected back people the worst, highest up black unemployment, highest crime, etc.

Going from extreme right to extreme left isn't going to do it.

Americans are paying the lowest tax rates in 80 years

How is that taxing the hell out of them?

 

[healthmyths]

I don't think so, the wealthy people I know have made it the hard way. And they still work like dogs to Maintain their standard of living.

So do poor people.....only they are meagerly compensated for their labor

Look that's life, you can't blame someone who works hard, gets an education, or finds a way to become successful. There will always be more poor people than rich. Has Obama helped the poor by creating an environment where you have record number on govt subsidies and out of work and no longer looking for work? The same people that leftist radicals like Obama claim to be looking out for are the ones that are suffering the most because of their ideology.

Supply side economics created a perfect vehicle to starve the poor and freeze the middle class. Keep workers hungry, make them worry about their jobs, make it clear they can be replaced in an instant

Best way to ensure the rich get richer and stay that way

And what has Obama's taxing the hell out of people and attacking businesses and over regulation brought us? His policies have affected back people the worst, highest up black unemployment, highest crime, etc.

Going from extreme right to extreme left isn't going to do it.

Americans are paying the lowest tax rates in 80 years

How is that taxing the hell out of them?

True that Americans are paying the lowest tax rates and here are the facts:

The only problem is NOT all Americans are paying taxes.
For tax year 2011, the non-partisan Tax Policy Center estimates that only 54 percent of Americans will pay Federal income tax.
Is it true that only 53 percent of Americans pay income tax?

46% of all Americans pay no Federal Income taxes.

THE HISTORY OF TAXES: Here's How High Today's Rates Really Are - Business Insider

 

[rightwinger]

So do poor people.....only they are meagerly compensated for their labor

Look that's life, you can't blame someone who works hard, gets an education, or finds a way to become successful. There will always be more poor people than rich. Has Obama helped the poor by creating an environment where you have record number on govt subsidies and out of work and no longer looking for work? The same people that leftist radicals like Obama claim to be looking out for are the ones that are suffering the most because of their ideology.

Supply side economics created a perfect vehicle to starve the poor and freeze the middle class. Keep workers hungry, make them worry about their jobs, make it clear they can be replaced in an instant

Best way to ensure the rich get richer and stay that way

And what has Obama's taxing the hell out of people and attacking businesses and over regulation brought us? His policies have affected back people the worst, highest up black unemployment, highest crime, etc.

Going from extreme right to extreme left isn't going to do it.

Americans are paying the lowest tax rates in 80 years

How is that taxing the hell out of them?

True that Americans are paying the lowest tax rates and here are the facts:

The only problem is NOT all Americans are paying taxes.
For tax year 2011, the non-partisan Tax Policy Center estimates that only 54 percent of Americans will pay Federal income tax.
Is it true that only 53 percent of Americans pay income tax?

46% of all Americans pay no Federal Income taxes.


View attachment 49462
THE HISTORY OF TAXES: Here's How High Today's Rates Really Are - Business Insider

All Americans pay taxes

The wealthy are paying the lowest rate in 80 years.....still waiting for some of that trickle down

 

[Dad2three]

So do poor people.....only they are meagerly compensated for their labor

Look that's life, you can't blame someone who works hard, gets an education, or finds a way to become successful. There will always be more poor people than rich. Has Obama helped the poor by creating an environment where you have record number on govt subsidies and out of work and no longer looking for work? The same people that leftist radicals like Obama claim to be looking out for are the ones that are suffering the most because of their ideology.

Supply side economics created a perfect vehicle to starve the poor and freeze the middle class. Keep workers hungry, make them worry about their jobs, make it clear they can be replaced in an instant

Best way to ensure the rich get richer and stay that way

And what has Obama's taxing the hell out of people and attacking businesses and over regulation brought us? His policies have affected back people the worst, highest up black unemployment, highest crime, etc.

Going from extreme right to extreme left isn't going to do it.

Americans are paying the lowest tax rates in 80 years

How is that taxing the hell out of them?

True that Americans are paying the lowest tax rates and here are the facts:

The only problem is NOT all Americans are paying taxes.
For tax year 2011, the non-partisan Tax Policy Center estimates that only 54 percent of Americans will pay Federal income tax.
Is it true that only 53 percent of Americans pay income tax?

46% of all Americans pay no Federal Income taxes.


View attachment 49462
THE HISTORY OF TAXES: Here's How High Today's Rates Really Are - Business Insider

AND the "job creators" have the lowest sustained EFFECTIVE tax rates since before Harding/Coolidge's great depression! WHY????

NO INCOME TAXES? Oh right that 46% of federal revenues!






Some conservative political movements such as the "Tea Party" have criticized federal spending as being out of control. While spending is up, taxes have fallen to exceptionally low levels.

Federal, state and local income taxes consumed 9.2% of all personal income in 2009, the lowest rate since 1950, the Bureau of Economic Analysis reports. That rate is far below the historic average of 12% for the last half-century. The overall tax burden hit bottom in December at 8.8.% of income before rising slightly in the first three months of 2010.



Tax bills in 2009 at lowest level since 1950 - USATODAY.com

 

[healthmyths]

Look that's life, you can't blame someone who works hard, gets an education, or finds a way to become successful. There will always be more poor people than rich. Has Obama helped the poor by creating an environment where you have record number on govt subsidies and out of work and no longer looking for work? The same people that leftist radicals like Obama claim to be looking out for are the ones that are suffering the most because of their ideology.

Supply side economics created a perfect vehicle to starve the poor and freeze the middle class. Keep workers hungry, make them worry about their jobs, make it clear they can be replaced in an instant

Best way to ensure the rich get richer and stay that way

And what has Obama's taxing the hell out of people and attacking businesses and over regulation brought us? His policies have affected back people the worst, highest up black unemployment, highest crime, etc.

Going from extreme right to extreme left isn't going to do it.

Americans are paying the lowest tax rates in 80 years

How is that taxing the hell out of them?

True that Americans are paying the lowest tax rates and here are the facts:

The only problem is NOT all Americans are paying taxes.
For tax year 2011, the non-partisan Tax Policy Center estimates that only 54 percent of Americans will pay Federal income tax.
Is it true that only 53 percent of Americans pay income tax?

46% of all Americans pay no Federal Income taxes.


View attachment 49462
THE HISTORY OF TAXES: Here's How High Today's Rates Really Are - Business Insider

AND the "job creators" have the lowest sustained EFFECTIVE tax rates since before Harding/Coolidge's great depression! WHY????

NO INCOME TAXES? Oh right that 46% of federal revenues!






Some conservative political movements such as the "Tea Party" have criticized federal spending as being out of control. While spending is up, taxes have fallen to exceptionally low levels.

Federal, state and local income taxes consumed 9.2% of all personal income in 2009, the lowest rate since 1950, the Bureau of Economic Analysis reports. That rate is far below the historic average of 12% for the last half-century. The overall tax burden hit bottom in December at 8.8.% of income before rising slightly in the first three months of 2010.



Tax bills in 2009 at lowest level since 1950 - USATODAY.com

Well the facts are most of those "job creators" are taxed 3 times if they are the founders, or shareholders of a "job creation" entity.
A) When their corporation is taxed by the Federal income tax. Remember the corporation pays taxes then pays after taxes dividends.
B) When the "job creators" are taxed on their income like any other employee.
C) When they are taxed on any dividends that might receive. AFTER federal taxes any dividends that the "job creators" get are taxed again.
Remember the corporation paid taxes before distributing any profits.
D) When they sell any shares ...capital gains.

So in reality these "job creators" have easily been taxed for Federal revenue almost 50 to 60% of their income goes to Federal taxes.

 

[rightwinger]

Supply side economics created a perfect vehicle to starve the poor and freeze the middle class. Keep workers hungry, make them worry about their jobs, make it clear they can be replaced in an instant

Best way to ensure the rich get richer and stay that way

And what has Obama's taxing the hell out of people and attacking businesses and over regulation brought us? His policies have affected back people the worst, highest up black unemployment, highest crime, etc.

Going from extreme right to extreme left isn't going to do it.

Americans are paying the lowest tax rates in 80 years

How is that taxing the hell out of them?

True that Americans are paying the lowest tax rates and here are the facts:

The only problem is NOT all Americans are paying taxes.
For tax year 2011, the non-partisan Tax Policy Center estimates that only 54 percent of Americans will pay Federal income tax.
Is it true that only 53 percent of Americans pay income tax?

46% of all Americans pay no Federal Income taxes.


View attachment 49462
THE HISTORY OF TAXES: Here's How High Today's Rates Really Are - Business Insider

AND the "job creators" have the lowest sustained EFFECTIVE tax rates since before Harding/Coolidge's great depression! WHY????

NO INCOME TAXES? Oh right that 46% of federal revenues!






Some conservative political movements such as the "Tea Party" have criticized federal spending as being out of control. While spending is up, taxes have fallen to exceptionally low levels.

Federal, state and local income taxes consumed 9.2% of all personal income in 2009, the lowest rate since 1950, the Bureau of Economic Analysis reports. That rate is far below the historic average of 12% for the last half-century. The overall tax burden hit bottom in December at 8.8.% of income before rising slightly in the first three months of 2010.



Tax bills in 2009 at lowest level since 1950 - USATODAY.com

Well the facts are most of those "job creators" are taxed 3 times if they are the founders, or shareholders of a "job creation" entity.
A) When their corporation is taxed by the Federal income tax. Remember the corporation pays taxes then pays after taxes dividends.
B) When the "job creators" are taxed on their income like any other employee.
C) When they are taxed on any dividends that might receive. AFTER federal taxes any dividends that the "job creators" get are taxed again.
Remember the corporation paid taxes before distributing any profits.
D) When they sell any shares ...capital gains.

So in reality these "job creators" have easily been taxed for Federal revenue almost 50 to 60% of their income goes to Federal taxes.

They are taxed on profits and income just like any other American

Because of lower rates on capital gains and tax shelters, they pay a lower effective rate than the average worker

Explain how Mitt Romney pays a 14% effective rate again?

 

[Roudy]

Keep up, it was democrats and their policies that forced banks to give out shady loans to people who weren't qualified.

Which bill? What year?

Go back a few posts and start reading about Barney Franks.

 

[Roudy]

Look that's life, you can't blame someone who works hard, gets an education, or finds a way to become successful. There will always be more poor people than rich. Has Obama helped the poor by creating an environment where you have record number on govt subsidies and out of work and no longer looking for work? The same people that leftist radicals like Obama claim to be looking out for are the ones that are suffering the most because of their ideology.

Supply side economics created a perfect vehicle to starve the poor and freeze the middle class. Keep workers hungry, make them worry about their jobs, make it clear they can be replaced in an instant

Best way to ensure the rich get richer and stay that way

And what has Obama's taxing the hell out of people and attacking businesses and over regulation brought us? His policies have affected back people the worst, highest up black unemployment, highest crime, etc.

Going from extreme right to extreme left isn't going to do it.

Americans are paying the lowest tax rates in 80 years

How is that taxing the hell out of them?

True that Americans are paying the lowest tax rates and here are the facts:

The only problem is NOT all Americans are paying taxes.
For tax year 2011, the non-partisan Tax Policy Center estimates that only 54 percent of Americans will pay Federal income tax.
Is it true that only 53 percent of Americans pay income tax?

46% of all Americans pay no Federal Income taxes.


View attachment 49462
THE HISTORY OF TAXES: Here's How High Today's Rates Really Are - Business Insider

AND the "job creators" have the lowest sustained EFFECTIVE tax rates since before Harding/Coolidge's great depression! WHY????

NO INCOME TAXES? Oh right that 46% of federal revenues!






Some conservative political movements such as the "Tea Party" have criticized federal spending as being out of control. While spending is up, taxes have fallen to exceptionally low levels.

Federal, state and local income taxes consumed 9.2% of all personal income in 2009, the lowest rate since 1950, the Bureau of Economic Analysis reports. That rate is far below the historic average of 12% for the last half-century. The overall tax burden hit bottom in December at 8.8.% of income before rising slightly in the first three months of 2010.



Tax bills in 2009 at lowest level since 1950 - USATODAY.com

Oh please I don't know about you but my taxes have gone up twice since Obama took office. And everybody is complaining about taxes. It isn't a coincidence that a record number of IRS tax debt resolution attorney firms are advertising all over the place.

 

[healthmyths]

And what has Obama's taxing the hell out of people and attacking businesses and over regulation brought us? His policies have affected back people the worst, highest up black unemployment, highest crime, etc.

Going from extreme right to extreme left isn't going to do it.

Americans are paying the lowest tax rates in 80 years

How is that taxing the hell out of them?

True that Americans are paying the lowest tax rates and here are the facts:

The only problem is NOT all Americans are paying taxes.
For tax year 2011, the non-partisan Tax Policy Center estimates that only 54 percent of Americans will pay Federal income tax.
Is it true that only 53 percent of Americans pay income tax?

46% of all Americans pay no Federal Income taxes.


View attachment 49462
THE HISTORY OF TAXES: Here's How High Today's Rates Really Are - Business Insider

AND the "job creators" have the lowest sustained EFFECTIVE tax rates since before Harding/Coolidge's great depression! WHY????

NO INCOME TAXES? Oh right that 46% of federal revenues!






Some conservative political movements such as the "Tea Party" have criticized federal spending as being out of control. While spending is up, taxes have fallen to exceptionally low levels.

Federal, state and local income taxes consumed 9.2% of all personal income in 2009, the lowest rate since 1950, the Bureau of Economic Analysis reports. That rate is far below the historic average of 12% for the last half-century. The overall tax burden hit bottom in December at 8.8.% of income before rising slightly in the first three months of 2010.



Tax bills in 2009 at lowest level since 1950 - USATODAY.com

Well the facts are most of those "job creators" are taxed 3 times if they are the founders, or shareholders of a "job creation" entity.
A) When their corporation is taxed by the Federal income tax. Remember the corporation pays taxes then pays after taxes dividends.
B) When the "job creators" are taxed on their income like any other employee.
C) When they are taxed on any dividends that might receive. AFTER federal taxes any dividends that the "job creators" get are taxed again.
Remember the corporation paid taxes before distributing any profits.
D) When they sell any shares ...capital gains.

So in reality these "job creators" have easily been taxed for Federal revenue almost 50 to 60% of their income goes to Federal taxes.

They are taxed on profits and income just like any other American

Because of lower rates on capital gains and tax shelters, they pay a lower effective rate than the average worker

Explain how Mitt Romney pays a 14% effective rate again?

I agree. The "job creators" are taxed on profits and income...BUT!!!
A) these "job creators" corporations are TAXED FIRST. Then the "profits" are paid out.
If there were NO corporate taxes of 35% then the "job creators" would get more "profits" ...BUT because they are shareholders the dividends are taxed.
B) They pay the same "effective tax rate on ordinary income. Then they pay the capital gains taxes and as such the cumulative effective is still MORE.

Sure...be happy to!

Romney actually donated MORE money then he reported for tax purpose so he paid higher taxes!
Romney and his wife, Ann, gave 29.4 percent of their income to charity in 2011, donating $4,020,772 out of the $13,696,951 they took in.
Romney didn’t deduct all of his charitable donations for last year.
He left $1.8 million in donations off his return in order to live up to a statement he made about always having paid at least a 13 percent tax rate on his income.
With his charity write-offs partially held back, Romney overshot that mark a bit for 2011, paying at a 14.1 percent rate.
Romney gives more to charity than Obama, Biden


Cheapskate Obama??? $245,075 14.18% of his income as donations to charities

 

[rightwinger]

Americans are paying the lowest tax rates in 80 years

How is that taxing the hell out of them?

True that Americans are paying the lowest tax rates and here are the facts:

The only problem is NOT all Americans are paying taxes.
For tax year 2011, the non-partisan Tax Policy Center estimates that only 54 percent of Americans will pay Federal income tax.
Is it true that only 53 percent of Americans pay income tax?

46% of all Americans pay no Federal Income taxes.


View attachment 49462
THE HISTORY OF TAXES: Here's How High Today's Rates Really Are - Business Insider

AND the "job creators" have the lowest sustained EFFECTIVE tax rates since before Harding/Coolidge's great depression! WHY????

NO INCOME TAXES? Oh right that 46% of federal revenues!






Some conservative political movements such as the "Tea Party" have criticized federal spending as being out of control. While spending is up, taxes have fallen to exceptionally low levels.

Federal, state and local income taxes consumed 9.2% of all personal income in 2009, the lowest rate since 1950, the Bureau of Economic Analysis reports. That rate is far below the historic average of 12% for the last half-century. The overall tax burden hit bottom in December at 8.8.% of income before rising slightly in the first three months of 2010.



Tax bills in 2009 at lowest level since 1950 - USATODAY.com

Well the facts are most of those "job creators" are taxed 3 times if they are the founders, or shareholders of a "job creation" entity.
A) When their corporation is taxed by the Federal income tax. Remember the corporation pays taxes then pays after taxes dividends.
B) When the "job creators" are taxed on their income like any other employee.
C) When they are taxed on any dividends that might receive. AFTER federal taxes any dividends that the "job creators" get are taxed again.
Remember the corporation paid taxes before distributing any profits.
D) When they sell any shares ...capital gains.

So in reality these "job creators" have easily been taxed for Federal revenue almost 50 to 60% of their income goes to Federal taxes.

They are taxed on profits and income just like any other American

Because of lower rates on capital gains and tax shelters, they pay a lower effective rate than the average worker

Explain how Mitt Romney pays a 14% effective rate again?

I agree. The "job creators" are taxed on profits and income...BUT!!!
A) these "job creators" corporations are TAXED FIRST. Then the "profits" are paid out.
If there were NO corporate taxes of 35% then the "job creators" would get more "profits" ...BUT because they are shareholders the dividends are taxed.
B) They pay the same "effective tax rate on ordinary income. Then they pay the capital gains taxes and as such the cumulative effective is still MORE.

Sure...be happy to!

Romney actually donated MORE money then he reported for tax purpose so he paid higher taxes!
Romney and his wife, Ann, gave 29.4 percent of their income to charity in 2011, donating $4,020,772 out of the $13,696,951 they took in.
Romney didn’t deduct all of his charitable donations for last year.
He left $1.8 million in donations off his return in order to live up to a statement he made about always having paid at least a 13 percent tax rate on his income.
With his charity write-offs partially held back, Romney overshot that mark a bit for 2011, paying at a 14.1 percent rate.
Romney gives more to charity than Obama, Biden


Cheapskate Obama??? $245,075 14.18% of his income as donations to charities

Job creators is a bullshit tag for anyone who has money. Most are doing anything but creating jobs

You can't have it both ways. Corporations are formed to minimize personal risk and hide profits under the corporation. Taxes are applied at one level or the other...they are not duplicated

 

[Dad2three]

Supply side economics created a perfect vehicle to starve the poor and freeze the middle class. Keep workers hungry, make them worry about their jobs, make it clear they can be replaced in an instant

Best way to ensure the rich get richer and stay that way

And what has Obama's taxing the hell out of people and attacking businesses and over regulation brought us? His policies have affected back people the worst, highest up black unemployment, highest crime, etc.

Going from extreme right to extreme left isn't going to do it.

Americans are paying the lowest tax rates in 80 years

How is that taxing the hell out of them?

True that Americans are paying the lowest tax rates and here are the facts:

The only problem is NOT all Americans are paying taxes.
For tax year 2011, the non-partisan Tax Policy Center estimates that only 54 percent of Americans will pay Federal income tax.
Is it true that only 53 percent of Americans pay income tax?

46% of all Americans pay no Federal Income taxes.


View attachment 49462
THE HISTORY OF TAXES: Here's How High Today's Rates Really Are - Business Insider

AND the "job creators" have the lowest sustained EFFECTIVE tax rates since before Harding/Coolidge's great depression! WHY????

NO INCOME TAXES? Oh right that 46% of federal revenues!






Some conservative political movements such as the "Tea Party" have criticized federal spending as being out of control. While spending is up, taxes have fallen to exceptionally low levels.

Federal, state and local income taxes consumed 9.2% of all personal income in 2009, the lowest rate since 1950, the Bureau of Economic Analysis reports. That rate is far below the historic average of 12% for the last half-century. The overall tax burden hit bottom in December at 8.8.% of income before rising slightly in the first three months of 2010.



Tax bills in 2009 at lowest level since 1950 - USATODAY.com

Well the facts are most of those "job creators" are taxed 3 times if they are the founders, or shareholders of a "job creation" entity.
A) When their corporation is taxed by the Federal income tax. Remember the corporation pays taxes then pays after taxes dividends.
B) When the "job creators" are taxed on their income like any other employee.
C) When they are taxed on any dividends that might receive. AFTER federal taxes any dividends that the "job creators" get are taxed again.
Remember the corporation paid taxes before distributing any profits.
D) When they sell any shares ...capital gains.

So in reality these "job creators" have easily been taxed for Federal revenue almost 50 to 60% of their income goes to Federal taxes.

 

[Dad2three]

Keep up, it was democrats and their policies that forced banks to give out shady loans to people who weren't qualified.

Which bill? What year?

Go back a few posts and start reading about Barney Franks.

Minority member of the GOP majority House where simple majority ruled? What super powers did Barney have again?

 

[Dad2three]

Americans are paying the lowest tax rates in 80 years

How is that taxing the hell out of them?

True that Americans are paying the lowest tax rates and here are the facts:

The only problem is NOT all Americans are paying taxes.
For tax year 2011, the non-partisan Tax Policy Center estimates that only 54 percent of Americans will pay Federal income tax.
Is it true that only 53 percent of Americans pay income tax?

46% of all Americans pay no Federal Income taxes.


View attachment 49462
THE HISTORY OF TAXES: Here's How High Today's Rates Really Are - Business Insider

AND the "job creators" have the lowest sustained EFFECTIVE tax rates since before Harding/Coolidge's great depression! WHY????

NO INCOME TAXES? Oh right that 46% of federal revenues!






Some conservative political movements such as the "Tea Party" have criticized federal spending as being out of control. While spending is up, taxes have fallen to exceptionally low levels.

Federal, state and local income taxes consumed 9.2% of all personal income in 2009, the lowest rate since 1950, the Bureau of Economic Analysis reports. That rate is far below the historic average of 12% for the last half-century. The overall tax burden hit bottom in December at 8.8.% of income before rising slightly in the first three months of 2010.



Tax bills in 2009 at lowest level since 1950 - USATODAY.com

Well the facts are most of those "job creators" are taxed 3 times if they are the founders, or shareholders of a "job creation" entity.
A) When their corporation is taxed by the Federal income tax. Remember the corporation pays taxes then pays after taxes dividends.
B) When the "job creators" are taxed on their income like any other employee.
C) When they are taxed on any dividends that might receive. AFTER federal taxes any dividends that the "job creators" get are taxed again.
Remember the corporation paid taxes before distributing any profits.
D) When they sell any shares ...capital gains.

So in reality these "job creators" have easily been taxed for Federal revenue almost 50 to 60% of their income goes to Federal taxes.

They are taxed on profits and income just like any other American

Because of lower rates on capital gains and tax shelters, they pay a lower effective rate than the average worker

Explain how Mitt Romney pays a 14% effective rate again?

I agree. The "job creators" are taxed on profits and income...BUT!!!
A) these "job creators" corporations are TAXED FIRST. Then the "profits" are paid out.
If there were NO corporate taxes of 35% then the "job creators" would get more "profits" ...BUT because they are shareholders the dividends are taxed.
B) They pay the same "effective tax rate on ordinary income. Then they pay the capital gains taxes and as such the cumulative effective is still MORE.

Sure...be happy to!

Romney actually donated MORE money then he reported for tax purpose so he paid higher taxes!
Romney and his wife, Ann, gave 29.4 percent of their income to charity in 2011, donating $4,020,772 out of the $13,696,951 they took in.
Romney didn’t deduct all of his charitable donations for last year.
He left $1.8 million in donations off his return in order to live up to a statement he made about always having paid at least a 13 percent tax rate on his income.
With his charity write-offs partially held back, Romney overshot that mark a bit for 2011, paying at a 14.1 percent rate.
Romney gives more to charity than Obama, Biden


Cheapskate Obama??? $245,075 14.18% of his income as donations to charities

Romney gave to his church ? And?


WHERE ARE THOSE RETURNS HE PROMISED TO RELEASE AGAIN? lol


KNOW WHAT EFFECTIVE RATES MEANS BUBS?