More class warfare with this "corporate jet" nonsense

[Gadawg73]

The class war is over. The rich won.

And they keep on winning..................

Bipartisan tax plan trims mortgage deduction - Yahoo! News

The plan would simplify the tax code by reducing the number of tax brackets from six to three, lowering the top rate from 35 percent to somewhere between 23 percent and 29 percent. That could provide a windfall for wealthy taxpayers because the 35 percent tax bracket currently applies to taxable income above $379,150.

To help pay for lower rates, the plan would reduce popular tax breaks for mortgage interest, health insurance, charitable giving and retirement savings. Other tax breaks would be spared, including the $1,000-per-child tax credit and the earned income tax credit, which helps the working poor stay out of poverty.

I have always played to win.

 

[Synthaholic]

Watch for the new rhetoric to sway once again on "jobs". As if the administration does not know that changing the tax structure on capital expenses such as business jets eliminates jobs. Their doctrine is that government can create jobs better.
The Obama administration is monopolistic in everything they approach. Government is always monopolistic in its approach. They do not have to make a profit, operate efficiently or be effective like those horrible corporations that own jets.
A stranglehold on small business with choking bureaucracies is how government operates.
In this moment of history we have government run amok with all forms of irrationality going on which has no resemblance to any form of private business practices. The Treasury prints monopoly money, the Fed uses their "quantative" fucked up formulas throwing more than half a trillion around and troubled asset relief program TARP that multiplied more hundreds of billions down the tube and what do we get:
More unemployment and bitching about "corporate" jets.
All the while the government is not doing a good job of creating the environment for the private sector, NOT THE DAMN GOVERNMENT, to create the jobs.

When he wanted businesses to be able to write off 100% of their equipment purchases, to spur sales and jobs, Republicans said no.

Obama to Propose Tax Write-Off for Business - NYTimes.com


You can't get more business friendly than a 100% cut in taxes.

 

[Kuros]

The class war is over. The rich won.

And they keep on winning..................

Bipartisan tax plan trims mortgage deduction - Yahoo! News

The plan would simplify the tax code by reducing the number of tax brackets from six to three, lowering the top rate from 35 percent to somewhere between 23 percent and 29 percent. That could provide a windfall for wealthy taxpayers because the 35 percent tax bracket currently applies to taxable income above $379,150.

To help pay for lower rates, the plan would reduce popular tax breaks for mortgage interest, health insurance, charitable giving and retirement savings. Other tax breaks would be spared, including the $1,000-per-child tax credit and the earned income tax credit, which helps the working poor stay out of poverty.

This is a good compromise.

For example, current law allows homeowners to deduct the interest they pay on home mortgages of up to $1 million. One proposal would lower the limit to $500,000 and exclude mortgage interest on second homes.

Starting in 2018, the new health care law would tax high-priced health insurance plans. There are several proposals to adjust the tax to include more health plans while sparing lower-income families with more modest coverage.

The mortgage interest deduction subsidizes home borrowing, not home ownership, but home borrowing. Meanwhile, getting rid of the health care exclusion entirely would be the best solution, but taxing high-priced plans is a good start.

 

[Dot Com]

You conservatives deny the ever-increasing, wage-gap and who the repubs work for at your peril

 

[xsited1]

You conservatives deny the ever-increasing, wage-gap and who the repubs work for at your peril

...

I sent an email to Jon Stewart asking for some of his money and he never sent me any. Bastard.

 

[Toddsterpatriot]

The class war is over. The rich won.

And they keep on winning..................

Bipartisan tax plan trims mortgage deduction - Yahoo! News

The plan would simplify the tax code by reducing the number of tax brackets from six to three, lowering the top rate from 35 percent to somewhere between 23 percent and 29 percent. That could provide a windfall for wealthy taxpayers because the 35 percent tax bracket currently applies to taxable income above $379,150.

To help pay for lower rates, the plan would reduce popular tax breaks for mortgage interest, health insurance, charitable giving and retirement savings. Other tax breaks would be spared, including the $1,000-per-child tax credit and the earned income tax credit, which helps the working poor stay out of poverty.

Chris, did you ever find your proof that 400 Americans control half the nation's wealth?
LOL!

 

[Chris]

The class war is over. The rich won.

And they keep on winning..................

Bipartisan tax plan trims mortgage deduction - Yahoo! News

The plan would simplify the tax code by reducing the number of tax brackets from six to three, lowering the top rate from 35 percent to somewhere between 23 percent and 29 percent. That could provide a windfall for wealthy taxpayers because the 35 percent tax bracket currently applies to taxable income above $379,150.

To help pay for lower rates, the plan would reduce popular tax breaks for mortgage interest, health insurance, charitable giving and retirement savings. Other tax breaks would be spared, including the $1,000-per-child tax credit and the earned income tax credit, which helps the working poor stay out of poverty.

Chris, did you ever find your proof that 400 Americans control half the nation's wealth?
LOL!

You never heard of the Forbes 400???



http://www.politifact.com/wisconsin...l-moore-says-400-americans-have-more-wealth-/

The Richest People in America - Forbes.com

 

[Toddsterpatriot]

The class war is over. The rich won.

And they keep on winning..................

Bipartisan tax plan trims mortgage deduction - Yahoo! News

The plan would simplify the tax code by reducing the number of tax brackets from six to three, lowering the top rate from 35 percent to somewhere between 23 percent and 29 percent. That could provide a windfall for wealthy taxpayers because the 35 percent tax bracket currently applies to taxable income above $379,150.

To help pay for lower rates, the plan would reduce popular tax breaks for mortgage interest, health insurance, charitable giving and retirement savings. Other tax breaks would be spared, including the $1,000-per-child tax credit and the earned income tax credit, which helps the working poor stay out of poverty.

Chris, did you ever find your proof that 400 Americans control half the nation's wealth?
LOL!

You never heard of the Forbes 400???



http://www.politifact.com/wisconsin...l-moore-says-400-americans-have-more-wealth-/

The Richest People in America - Forbes.com

The Forbes 400 don't control half of America's wealth

 

[Toddsterpatriot]

The class war is over. The rich won.

And they keep on winning..................

Bipartisan tax plan trims mortgage deduction - Yahoo! News

The plan would simplify the tax code by reducing the number of tax brackets from six to three, lowering the top rate from 35 percent to somewhere between 23 percent and 29 percent. That could provide a windfall for wealthy taxpayers because the 35 percent tax bracket currently applies to taxable income above $379,150.

To help pay for lower rates, the plan would reduce popular tax breaks for mortgage interest, health insurance, charitable giving and retirement savings. Other tax breaks would be spared, including the $1,000-per-child tax credit and the earned income tax credit, which helps the working poor stay out of poverty.

Chris, did you ever find your proof that 400 Americans control half the nation's wealth?
LOL!

You never heard of the Forbes 400???



PolitiFact Wisconsin | Michael Moore says 400 Americans have more wealth than half of all Americans combined

The Richest People in America - Forbes.com

"Forbes, which said in a September 2009 article that the net worth of the nation’s 400 wealthiest Americans was $1.27 trillion"

Hey dummie, American wealth in 2009 was over $54 trillion.
Maybe you need a math class?
Or a $3 calculator.

http://www.federalreserve.gov/releases/z1/current/z1r-5.pdf

 

[Gadawg73]

The class war is over. The rich won.

And they keep on winning..................

Bipartisan tax plan trims mortgage deduction - Yahoo! News

The plan would simplify the tax code by reducing the number of tax brackets from six to three, lowering the top rate from 35 percent to somewhere between 23 percent and 29 percent. That could provide a windfall for wealthy taxpayers because the 35 percent tax bracket currently applies to taxable income above $379,150.

To help pay for lower rates, the plan would reduce popular tax breaks for mortgage interest, health insurance, charitable giving and retirement savings. Other tax breaks would be spared, including the $1,000-per-child tax credit and the earned income tax credit, which helps the working poor stay out of poverty.

Chris, did you ever find your proof that 400 Americans control half the nation's wealth?
LOL!

You never heard of the Forbes 400???



http://www.politifact.com/wisconsin...l-moore-says-400-americans-have-more-wealth-/

The Richest People in America - Forbes.com

Is that the 400 that represent .00001 of the US population and pay 18% of all of the taxes?

 

[edthecynic]

Chris, did you ever find your proof that 400 Americans control half the nation's wealth?
LOL!

You never heard of the Forbes 400???



http://www.politifact.com/wisconsin...l-moore-says-400-americans-have-more-wealth-/

The Richest People in America - Forbes.com

Is that the 400 that represent .00001 of the US population and pay 18% of all of the taxes?

Actually, you can narrow it down to 60 families, named in the book linked below. Little has changed since this book was written in 1937.

Here are a couple of teasers from the table of contents:

Full text of "Americas 60 Families"

VI. INTRIGUE AND SCANDAL 189

Need for ruling class to resort to methods illegal and extralegal to
retain power in a democratic political context. The war-profits
conspiracies. Guggenheim-agent Bernard M. Baruch held person-
ally to blame for most wartime irregularities. The grave charges of
the Graham Committee and the proofs. Airplane scandals. Hughes
recommends courtmartial for Edward A. Deeds, of the National
City Bank. Newton D. Baker quashes recommendation. Aviation
industry today dominated by men who took huge government war
subsidies and failed to deliver planes. Nitrate program found unnec-
essary. Du Pont Old Hickory plant also unnecessary. Du Ponts
charged with defrauding government on war contracts. Charges
secretly quashed. Corporations involved in scandalous failure to
deliver huge quantities of ammunition and ordnance, for which
payment had been made. Rockefellers implicated in fly-by-night
profiteering companies. Attorney-General Harry M. Daughcrty
acts as "fixer" for wealthy Republicans and others under accusation.
Daugherty quashes all war-profiteering cases and engages in mis-
cellaneous deviltry. Fraud under Alien Property Custodian. The
American Metal Company case. The Teapot Dome scandal and the



CONTENTS XVii

t

Rockefeller participation. Nearly everyone in Wall Street involved.
The Shipping Board scandals. Government subsidy of Dollar ship-
ping interests. The gigantic airplane grab, recalling Standard Oil
grabs of nineteenth century. Hoover's Postmaster General Walter
Brown used by Mellon- Vanderbilt-Morgan companies to seize all
airways. Airmail contracts withheld by Hoover Administration to
ruin independents. Airmail contracts canceled by Franklin D.
Roosevelt as fraudulent and collusively obtained. The Hoover-
Morgan airplane conspiracy disclosed. Speculative boom fueled by
richest families and their Wall Street agents. How the boom was
secretly launched under political auspices in 1923. J. P. Morgan and
Company and Benjamin Strong. The rape of the Federal Reserve
System. The richest families direct the speculative boom from their
banks. Directors of big banks members of richest families. For-
tunes behind boom all rooted in nineteenth century. Antisocial role
of the National City Bank in stock pools, in foreign securities deals.
Destructive role of Chase National Bank in stock market, in Cuba,
in Fox Film Corporation. J. P. Morgan and Company and the
Guaranty Trust Company inflate the Van Sweringen bubble. Politi-
cal and financial figures get share of Alleghany Corporation, Stand-
ard Brands, Inc., and United Corporation stock gifts. The Morgan
"slush list." Ivar Kreuger and Samuel Insull, agents of the rich
families who failed to make good. Some agents who made good.
Financial juggling of David Milton, Rockefeller son-in-law. Vari-
ous miscellaneous swindles in astronomic sums. Recent history of
the Van Sweringen pyramid.

VII. THE PRESS OF THE PLUTOCRACY 244

Press lords of America all found among the nation's richest families.
Truth versus power in journalism. American and European press
discussed. The three strata of American journalism. Politically sub-
sidized county press. The dwindling "independent" stratum. Vast
newspaper interests of the wealthiest families. The pro-banker
press. The Rockefellers and their publications. Morgan, Laffan,
Munsey, Shaffer, Bennett, Perkins, Stoddard, Lamont, the Crowell
Publishing Company, Time, Inc., etc. Ford. Harriman, Harkness,
Whitney, Mellon, Astor and their publications. Du Pont news-
papers. Guggenheim and coordinated propaganda campaigns. Mc-
Cormick and the Chicago Tribune. Curtis-Bok. Lehman. Hearst
and Paul Block. Mills-Reid and the New York Herald Tribune.

 

[JakeStarkey]

They can pay their fair fare, for fair.

 

[Foxfyre]

The class war is over. The rich won.

And they keep on winning..................

Bipartisan tax plan trims mortgage deduction - Yahoo! News

The plan would simplify the tax code by reducing the number of tax brackets from six to three, lowering the top rate from 35 percent to somewhere between 23 percent and 29 percent. That could provide a windfall for wealthy taxpayers because the 35 percent tax bracket currently applies to taxable income above $379,150.

To help pay for lower rates, the plan would reduce popular tax breaks for mortgage interest, health insurance, charitable giving and retirement savings. Other tax breaks would be spared, including the $1,000-per-child tax credit and the earned income tax credit, which helps the working poor stay out of poverty.

Chris, did you ever find your proof that 400 Americans control half the nation's wealth?
LOL!

You never heard of the Forbes 400???



PolitiFact Wisconsin | Michael Moore says 400 Americans have more wealth than half of all Americans combined

The Richest People in America - Forbes.com

I suggest you read your own links more carefully.

The 2010 net worth of the Forbes 400 was $1.37 trillion, Forbes reported in September 2010. That same month, the total U.S. net worth was $54.9 trillion, according to the Federal Reserve Board report cited by Moore.

Wolff hasn’t updated his 2009 figures. So we used his 2.3 percent figure again, multiplied by the 2010 total net worth of $54.9 trillion, and found that the net worth of the poorest 60 percent of U.S. households was $1.26 trillion in 2010.

That’s less than the 2010 net worth for the Forbes 400.

How could it be that 400 people have more wealth than half of the more than 100 million U.S. households?

Think of it this way. Many Americans make a good income, have some savings and investments, and own a nice home; they also have debt, for a mortgage, credit cards and other bills. Some people would still have a pretty healthy bottom line. But many -- including those who lost a job and their home in the recession -- have a negative net worth. So that drags down the total net worth for the poorer half of U.S. households that Moore cited.

We also want to add one cautionary note, from Mitchell of the Cato Institute, about Moore’s methodology: The Federal Reserve uses hard numbers to calculate the net worth of all households, but Forbes uses assumptions and interviews along with hard numbers in estimating the net worth of the Forbes 400.

There’s no way to know how the differences between the two affect the net worth numbers, but Moore used the data that are available and there’s no indication he "cherry-picked" figures for a desired result, Mitchell said.

With that caveat, our assessment indicates that as of 2009, the net worth of the nation’s 400 wealthiest individuals exceeds the net worth of half of all American households.
PolitiFact Wisconsin | Michael Moore says 400 Americans have more wealth than half of all Americans combined

 

[Toddsterpatriot]

Chris, did you ever find your proof that 400 Americans control half the nation's wealth?
LOL!

You never heard of the Forbes 400???



PolitiFact Wisconsin | Michael Moore says 400 Americans have more wealth than half of all Americans combined

The Richest People in America - Forbes.com

I suggest you read your own links more carefully.

The 2010 net worth of the Forbes 400 was $1.37 trillion, Forbes reported in September 2010. That same month, the total U.S. net worth was $54.9 trillion, according to the Federal Reserve Board report cited by Moore.

Wolff hasn’t updated his 2009 figures. So we used his 2.3 percent figure again, multiplied by the 2010 total net worth of $54.9 trillion, and found that the net worth of the poorest 60 percent of U.S. households was $1.26 trillion in 2010.

That’s less than the 2010 net worth for the Forbes 400.

How could it be that 400 people have more wealth than half of the more than 100 million U.S. households?

Think of it this way. Many Americans make a good income, have some savings and investments, and own a nice home; they also have debt, for a mortgage, credit cards and other bills. Some people would still have a pretty healthy bottom line. But many -- including those who lost a job and their home in the recession -- have a negative net worth. So that drags down the total net worth for the poorer half of U.S. households that Moore cited.

We also want to add one cautionary note, from Mitchell of the Cato Institute, about Moore’s methodology: The Federal Reserve uses hard numbers to calculate the net worth of all households, but Forbes uses assumptions and interviews along with hard numbers in estimating the net worth of the Forbes 400.

There’s no way to know how the differences between the two affect the net worth numbers, but Moore used the data that are available and there’s no indication he "cherry-picked" figures for a desired result, Mitchell said.

With that caveat, our assessment indicates that as of 2009, the net worth of the nation’s 400 wealthiest individuals exceeds the net worth of half of all American households.
PolitiFact Wisconsin | Michael Moore says 400 Americans have more wealth than half of all Americans combined

Reading is hard, harder for libs.
And don't get me started on his comprehension problems.

 

[LibocalypseNow]

Community Organizing at it's worst. Classic Saul Alinsky 'Rules for Radicals' stuff. All Americans should read up on Alinsky's Marxist Community Organizing teachings. Pitting American against American is vital to a Community Organizer. Divide & Conquer. It's all in 'Rules for Radicals.' Check it out.

 

[Foxfyre]

You never heard of the Forbes 400???



PolitiFact Wisconsin | Michael Moore says 400 Americans have more wealth than half of all Americans combined

The Richest People in America - Forbes.com

I suggest you read your own links more carefully.

The 2010 net worth of the Forbes 400 was $1.37 trillion, Forbes reported in September 2010. That same month, the total U.S. net worth was $54.9 trillion, according to the Federal Reserve Board report cited by Moore.

Wolff hasn’t updated his 2009 figures. So we used his 2.3 percent figure again, multiplied by the 2010 total net worth of $54.9 trillion, and found that the net worth of the poorest 60 percent of U.S. households was $1.26 trillion in 2010.

That’s less than the 2010 net worth for the Forbes 400.

How could it be that 400 people have more wealth than half of the more than 100 million U.S. households?

Think of it this way. Many Americans make a good income, have some savings and investments, and own a nice home; they also have debt, for a mortgage, credit cards and other bills. Some people would still have a pretty healthy bottom line. But many -- including those who lost a job and their home in the recession -- have a negative net worth. So that drags down the total net worth for the poorer half of U.S. households that Moore cited.

We also want to add one cautionary note, from Mitchell of the Cato Institute, about Moore’s methodology: The Federal Reserve uses hard numbers to calculate the net worth of all households, but Forbes uses assumptions and interviews along with hard numbers in estimating the net worth of the Forbes 400.

There’s no way to know how the differences between the two affect the net worth numbers, but Moore used the data that are available and there’s no indication he "cherry-picked" figures for a desired result, Mitchell said.

With that caveat, our assessment indicates that as of 2009, the net worth of the nation’s 400 wealthiest individuals exceeds the net worth of half of all American households.
PolitiFact Wisconsin | Michael Moore says 400 Americans have more wealth than half of all Americans combined

Reading is hard, harder for libs.
And don't get me started on his comprehension problems.

And, as the article stated, there are so many other facters to consider in the total picture. Not the least of which is that most of the 'poorest 50%' are not poor, and if there was no Forbes 400, many of those same 'poorest 50%' would have a net worth of nothing.

 

[Neotrotsky]

Indeed, the Left is concerned with these 400

But the "400 million" Chinese owning more than half of our future wealth that Papa Obama and the Left want to keep giving it to,

does not bother them

Funny how that works



Of course, if the Left and Papa Obama can sell enough of our future wealth to the Chinese
then we might be communist by default, since they will own us


This is actually dated, since the debt is even more now

[ame="http://www.youtube.com/watch?v=DsrFa9jrpv8"]http://www.youtube.com/watch?v=DsrFa9jrpv8[/ame]

 

[Gadawg73]

Train cars reconditioned and used as conference rooms and travel are the rage for a lot of corporations now. Very good PR.
Where is the outrage over "corporate train cars"?
How come Obama has not asked for changing the depreciation tables of train cars?

 

[Gadawg73]

I suggest you read your own links more carefully.

Reading is hard, harder for libs.
And don't get me started on his comprehension problems.

And, as the article stated, there are so many other facters to consider in the total picture. Not the least of which is that most of the 'poorest 50%' are not poor, and if there was no Forbes 400, many of those same 'poorest 50%' would have a net worth of nothing.

Over 70 million Americans, 24% of the total population, now draw a Federal government check.
Many are classified as "poor".
What a joke the poverty "index" is.

 

[Foxfyre]

Reading is hard, harder for libs.
And don't get me started on his comprehension problems.

And, as the article stated, there are so many other facters to consider in the total picture. Not the least of which is that most of the 'poorest 50%' are not poor, and if there was no Forbes 400, many of those same 'poorest 50%' would have a net worth of nothing.

Over 70 million Americans, 24% of the total population, now draw a Federal government check.
Many are classified as "poor".
What a joke the poverty "index" is.

Bingo. I am heavily involved in ministry to the poor through my church and one other organization. And ALL the people included in the program would be pretty well to do by world standards; even rich by the standards of some of the world's poorest countries.

Heck, even I qualify for food stamps and certain other public assistance due to voluntarily closing down our previous main source of income and we aren't drawing from our modest investments while the market continues as shaky as it is. But I don't apply for public assistance because we don't need it and I would feel guilty as hell taking advantage of it. And I feel sufficiently well off and we live quite comfortably and have a very high credit score though I am guessing our net worth probably puts us in that bottom 60% if not the bottom 50%.

It's all relative folks. And those who use the catch words of 'rich' and 'poor' without factoring in all the variables that go into that are usually just demogoging the terms.