Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature currently requires accessing the site using the built-in Safari browser.
Given that Romney is as liberal/progressives/idiots complain, giving the wealthy tax breaks much like Obama enjoys.. (Obama deducted the $48k he gave his daughters.."gift deduction)...what will those filthy 1% rich do with the tax savings?
1) Will they spend it on yachts,planes, more houses?
2) Even after spending more will they
a) bury this excess money in the backyard?
b) hide under the mattresses?
What happens?
Would you liberals/progressives tell me what happens with these tax savings?
They'll deposit the money into a banking system which is already overloaded with cash - i.e. it goes into a bank vault or a federal reserve deposit account and sits there and does absolutely nothing to help anyone. In many cases it will even get deposited in foreign bank accounts. Sorry, but the wealthy have plenty of cash to invest. They aren't investing it because demand is low.
President Obama and his wife, Michele, gave a total of $48,000 in tax-free gifts to their daughters, according to tax records made public on Friday.
The president and his wife separately gave each daughter a $12,000 gift under a section of the federal tax code that exempts such donations from federal taxes.
There is nothing illegal about the presidents taking advantage of this tax shelter, but it does raise eyebrows given that he has lamented the myriad tax exemptions used by the wealthymillionaires and billionaires like himselfto pay less in taxes.
Sorry but the Obama's already paid taxes on that 48k, you entirely misunderstand the law. But of course, you didn't bother to even check out that law yourself, because you're not an independent thinker and never question what the right wing media tells you.
The exemption is for an additional tax the IRS levies on the giver of a gift. This tax is meant (in part) to prevent the uber-wealthy from avoiding the estate tax by transferring their wealth to their heirs while they are still alive. There is an exempt amount because obviously, it would be absurd if you couldn't give your kid a gift without paying a tax. This exemption is the same exemption that allows every parent, aunt, grandpa, etc. to give a child a birthday present without having to pay an additional tax to the IRS on that gift. The Obamas already paid taxes on their income. The exemption just allows them to give their children a cash gift without being subject to an additional tax.
And the amount of money the rich put under their mattress has already been taxed. Its not that they didn't earn it. Since they did they can do anything they want with it. The left just wants them to redistibute it. Well they can go out and earn for themselves. Stop looking for handouts.
Personally I think the rich are much cleaner than the "filthy" poor.
why are the rich seen as "filthy"? it's unfair. they always look clean and well coifed to me.
Only because they have someone to wash their clothes for them.
Just remember JEALOUSY can kill the rat.
The people getting these tax cuts already have yahts you fools..
they will put it in off shore accounts just like robmoney did
So what? Do you have some favorite bank that you think the rich should put their money in? Would you be willing to pay 35% of that money just to be able to put it in a bank in the USA?
Money made overseas is left overseas, because the people and corporations who made that money would have to pay additional taxes to bring the money back here. Do you left wing ideologes have any more stupid ideas on how to make America poorer?
They will put it in offshore accounts just like robmoney does
When he earned that money he paid taxes on it. If he hadn't the IRS would have been all over him. Would it of made a difference if he put it in a piggy bank in his bedroom. Guess not the left would still through a fit. Why? Because they aren't getting a bit of it.
Given that Romney is as liberal/progressives/idiots complain, giving the wealthy tax breaks much like Obama enjoys.. (Obama deducted the $48k he gave his daughters.."gift deduction)...what will those filthy 1% rich do with the tax savings?
1) Will they spend it on yachts,planes, more houses?
2) Even after spending more will they
a) bury this excess money in the backyard?
b) hide under the mattresses?
What happens?
Would you liberals/progressives tell me what happens with these tax savings?
They'll deposit the money into a banking system which is already overloaded with cash - i.e. it goes into a bank vault or a federal reserve deposit account and sits there and does absolutely nothing to help anyone. In many cases it will even get deposited in foreign bank accounts. Sorry, but the wealthy have plenty of cash to invest. They aren't investing it because demand is low.
President Obama and his wife, Michele, gave a total of $48,000 in tax-free gifts to their daughters, according to tax records made public on Friday.
The president and his wife separately gave each daughter a $12,000 gift under a section of the federal tax code that exempts such donations from federal taxes.
There is nothing illegal about the presidents taking advantage of this tax shelter, but it does raise eyebrows given that he has lamented the myriad tax exemptions used by the wealthymillionaires and billionaires like himselfto pay less in taxes.
Sorry but the Obama's already paid taxes on that 48k, you entirely misunderstand the law. But of course, you didn't bother to even check out that law yourself, because you're not an independent thinker and never question what the right wing media tells you.
The exemption is for an additional tax the IRS levies on the giver of a gift. This tax is meant (in part) to prevent the uber-wealthy from avoiding the estate tax by transferring their wealth to their heirs while they are still alive. There is an exempt amount because obviously, it would be absurd if you couldn't give your kid a gift without paying a tax. This exemption is the same exemption that allows every parent, aunt, grandpa, etc. to give a child a birthday present without having to pay an additional tax to the IRS on that gift. The Obamas already paid taxes on their income. The exemption just allows them to give their children a cash gift without being subject to an additional tax.
The people getting these tax cuts already have yahts you fools..
they will put it in off shore accounts just like robmoney did
Given that Romney is as liberal/progressives/idiots complain, giving the wealthy tax breaks much like Obama enjoys.. (Obama deducted the $48k he gave his daughters.."gift deduction)...what will those filthy 1% rich do with the tax savings?
1) Will they spend it on yachts,planes, more houses?
2) Even after spending more will they
a) bury this excess money in the backyard?
b) hide under the mattresses?
What happens?
Would you liberals/progressives tell me what happens with these tax savings?
They'll deposit the money into a banking system which is already overloaded with cash - i.e. it goes into a bank vault or a federal reserve deposit account and sits there and does absolutely nothing to help anyone. In many cases it will even get deposited in foreign bank accounts. Sorry, but the wealthy have plenty of cash to invest. They aren't investing it because demand is low.
President Obama and his wife, Michele, gave a total of $48,000 in tax-free gifts to their daughters, according to tax records made public on Friday.
The president and his wife separately gave each daughter a $12,000 gift under a section of the federal tax code that exempts such donations from federal taxes.
There is nothing illegal about the presidents taking advantage of this tax shelter, but it does raise eyebrows given that he has lamented the myriad tax exemptions used by the wealthymillionaires and billionaires like himselfto pay less in taxes.
Sorry but the Obama's already paid taxes on that 48k, you entirely misunderstand the law. But of course, you didn't bother to even check out that law yourself, because you're not an independent thinker and never question what the right wing media tells you.
The exemption is for an additional tax the IRS levies on the giver of a gift. This tax is meant (in part) to prevent the uber-wealthy from avoiding the estate tax by transferring their wealth to their heirs while they are still alive. There is an exempt amount because obviously, it would be absurd if you couldn't give your kid a gift without paying a tax. This exemption is the same exemption that allows every parent, aunt, grandpa, etc. to give a child a birthday present without having to pay an additional tax to the IRS on that gift. The Obamas already paid taxes on their income. The exemption just allows them to give their children a cash gift without being subject to an additional tax.
The wealthy aren't investing in job-creating expansion because the POLICIES of Barack Obama and his socialist cronies in Congress aren't conducive to creating good investments. The threat he levied against coal companies, "So if somebody wants to build a coal-powered plant, they can. It's just that it will bankrupt them", lingers in the air. Who would want to put their capital out there when no one knows what hare-brained scheme to bankrupt people that he'll come up with next?
Oh... and "death taxes" are immoral. It's nothing but shaking out a dead man's pockets or robbing his grave. People don't work hard all their lives for the benefit of the government and the need of politicians to pander to layabouts. They work hard to take care of their families and to see to their loved ones' welfare, even after they, themselves, are gone.
willow persues the American dream.
washing rich peoples clothes for pennies
that's exactly how I made and saved my first dime. Washing and ironing my filthy brother's shirts. I still have that dime too.
What many of the rich do with their money is to try to make more money. From making investments to buying politicians that make laws that allows them to keep their money. The question that no one can seem to answer is why do some have this continued quest for more and more money. Do the rich ever get enough, do they ever sit down and say, well a billion dollars is enough, now I'm going to enjoy it with my new battery powered scooter from medicare?
True, there is this feeling among many, rich and poor alike, that money means a superior person, sort of the noble class, smarter than all that have less money, almost a different kind of blood, more bluish. Trump comes to mind. In any case for some, their money appetite seems insatiable.
They will put it in offshore accounts just like robmoney does
And Debbie Wasserman Schultz, and several Kennedys and Pelosis and countless other wealthy people who diversify their investments. Depositing money in foreign banks is not illegal. Investing in off shore businesses is not illegal. What it is, is something Libs can point at and claim that those evil rich people are out to screw you.
Most of my life I was employed by evil rich people and can't ever recall getting a pay check from anyone on food stamps.
They are just so upset that they are not getting a piece of it. All they believe in is handouts.
The people getting these tax cuts already have yahts you fools..
they will put it in off shore accounts just like robmoney did
So? Wonder how much Obama has in off shore accounts?
Mortgage interest has been discussed. This would provide a huge blow to the middle class. I thought we wanted more people to be able to afford and keep homes. This would do the contrary.
What many of the rich do with their money is to try to make more money. From making investments to buying politicians that make laws that allows them to keep their money. The question that no one can seem to answer is why do some have this continued quest for more and more money. Do the rich ever get enough, do they ever sit down and say, well a billion dollars is enough, now I'm going to enjoy it with my new battery powered scooter from medicare?
True, there is this feeling among many, rich and poor alike, that money means a superior person, sort of the noble class, smarter than all that have less money, almost a different kind of blood, more bluish. Trump comes to mind. In any case for some, their money appetite seems insatiable.
What many of the rich do with their money is to try to make more money. From making investments to buying politicians that make laws that allows them to keep their money. The question that no one can seem to answer is why do some have this continued quest for more and more money. Do the rich ever get enough, do they ever sit down and say, well a billion dollars is enough, now I'm going to enjoy it with my new battery powered scooter from medicare?
True, there is this feeling among many, rich and poor alike, that money means a superior person, sort of the noble class, smarter than all that have less money, almost a different kind of blood, more bluish. Trump comes to mind. In any case for some, their money appetite seems insatiable.
What many of the rich do with their money is to try to make more money. From making investments to buying politicians that make laws that allows them to keep their money. The question that no one can seem to answer is why do some have this continued quest for more and more money. Do the rich ever get enough, do they ever sit down and say, well a billion dollars is enough, now I'm going to enjoy it with my new battery powered scooter from medicare?
True, there is this feeling among many, rich and poor alike, that money means a superior person, sort of the noble class, smarter than all that have less money, almost a different kind of blood, more bluish. Trump comes to mind. In any case for some, their money appetite seems insatiable.
YOU obviously AREN'T RICH!!!
NOR AM I!
But the difference between you and me is I don't make gross, anecdotal assumptions!
Where did you get the opinion "there is this feeling ... a superior person"..???
How do you KNOW this? From Hollywood? From gossip magazines. From TV shows?
Come on.. as I pointed out I like YOU am obviously NOT rich but at least I KNOW that the biased MSM feeds the lowest common denominator and feeding you that opinion just further's your opinion.
The wealthy aren't investing in job-creating expansion because the POLICIES of Barack Obama and his socialist cronies in Congress aren't conducive to creating good investments.
There's no such thing as a death tax.Oh... and "death taxes" are immoral.
