Obama wants to RAISE corporate dividend taxes to 64.1%

Discussion in 'Politics' started by healthmyths, Feb 22, 2012.

  1. healthmyths
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    healthmyths Gold Member Supporting Member

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    President Obama's 2013 budget is proposing to raise the dividend tax rate to the higher personal income tax rate of 39.6%
    that will kick in next year.
    Add in the planned phase-out of deductions and exemptions, and the rate hits 41%.
    Then add the 3.8% investment tax surcharge in ObamaCare, and the new dividend tax rate in 2013 would be 44.8%—nearly three times today's 15% rate.
    Keep in mind that dividends are paid to shareholders only after the corporation pays taxes on its profits.
    So assuming a maximum 35% corporate tax rate and a 44.8% dividend tax,
    the total tax on corporate earnings passed through as dividends would be 64.1%.
    Review & Outlook: Obama's Dividend Assault - WSJ.com
     
  2. healthmyths
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    healthmyths Gold Member Supporting Member

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    Now this idiot raising dividend taxes WILL drive people including the millions of MIDDLE CLASS with 401ks.. to SELL these dividend generating stocks!
    Sell because they will see 64% of the earnings in TAXES!

    So whatever gains we've seen in the market.. poof!!!!!
    Once AGAIN Obama the PROFIT hater having NO idea of how businesses much less the economy works DOES IT AGAIN!

    YOU independents that put this idiot in office! WAKE UP! He's destroying America!
     
  3. naturegirl
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    naturegirl Silver Member

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    They just don't get it healthmyths........it's almost not worth it but it does make us feel a little better to expose the Chicago Punk for what he is.
     
  4. knuckles
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    knuckles Neanderthal Man

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    It's another Obama screwjob on the elderly. Many elderly live off dividends. They used to live off interest too but interest barely exists anymore.
     
  5. healthmyths
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    healthmyths Gold Member Supporting Member

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    WHY can't this idiot leave things alone???

    PLEASE PLAY MORE GOLF and let the grownups run the country!
    The idiot destroys our oil industry forcing it OFF shore..
    THEN gives Brazil $$ and tells them "we'll be their best customer!"

    Then he tells health insurance companies.."you can't figure out what your expenses will be
    I.E. CLAIMS in the future" i.e. banning "pre-existing conditions" and then the IDIOT doesn't understand why insurance companies RAISE THEIR PREMIUMS!!!

    This idiot then goes after the electric utilities TELLING us he will bankrupt them and
    goes about CLOSING utilities around the country... AND THEN wonders WHY rates are climbing?

    BUT this IDIOT takes the cake!!!
    HE cancels a pipeline THAT at worst case would spill 325 barrels of OIL in ONE MILE and
    in doing so SENDS 1 million barrels to CHINA via TANKERS (LIKE EXXON VALDEZ!!!) at a greater risk of shipwreck and much LARGER scale of destruction!

    YOU independents... YOU MUST understand THIS IS A President BENT on destroying America!
     
  6. konradv
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    konradv Gold Member

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  7. naturegirl
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    naturegirl Silver Member

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    Well yea, it's that magical mystery machine...........smoke and mirrors. Ahhhh to be the wonderful magician this guy thinks he is.
     
  8. Conservative
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    Conservative Type 40

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    dividends should, IMHO, be taxed at the same rate income is. Not higher, not lower.
     
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  9. konradv
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    konradv Gold Member

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    Boehner's trying, but he has this "NO" thing he has to do a couple of times a week. It's really cutting into his tanning time! True story. :cool:
     
  10. Grampa Murked U
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    Grampa Murked U Diamond Member

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    [ame=http://www.youtube.com/watch?v=tq55-Dq5zvo&feature=youtube_gdata_player]you racist bastard - YouTube[/ame]
     

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