I like the 999 proposal... as long as deductions and exemptions are limited to payroll and nothing else. Good business doesn't need tax favoritism and bad business can die quicker with out it.
Obama Millionaire's Tax: President To Seek New Tax Rate For Wealthy
- Thread starter WillowTree
- Start date
I like the 999 proposal... as long as deductions and exemptions are limited to payroll and nothing else. Good business doesn't need tax favoritism and bad business can die quicker with out it.
daveman
Diamond Member
I wonder if he's figured out that there won't be anyone to take money from if we're all dependent on the government.
I don't expect so.
Hell, even Obama sees this. Why do you think there are ATMs around?
daveman
Diamond Member
bigrebnc1775
][][][% NC Sheepdog
daveman
Diamond Member
bigrebnc1775
][][][% NC Sheepdog
It will be known as termination day, day of judgement 2011
bigrebnc1775
][][][% NC Sheepdog
NEWS ALERT:
obama to send in teleprompter to intervene
alan1
Gold Member
My single largest annual expense is federal income tax (that does not include SS, medicaid, medicare).
Damn, how much more do they want from me? How much more do other people think I should pay?
I'm tapped out.
daveman
Diamond Member
daveman
Diamond Member
Photonic
Ad astra!
They neglected to draw Obama as the captain.
daveman
Diamond Member
Dot Com
Nullius in verba
daveman
Diamond Member
You can't tax a nation into prosperity. Leftist wishful thinking won't ever change that fact.
Trajan
conscientia mille testes
WASHINGTON -- President Barack Obama is expected to seek a new base tax rate for the wealthy to ensure that millionaires pay at least at the same percentage as middle income taxpayers.
A White House official said the proposal would be included in the president's proposal for long term deficit reduction that he will announce Monday. The official spoke anonymously because the plan has not been officially announced.
Obama is going to call it the "Buffett Rule" for Warren Buffett, the billionaire investor who has complained that rich people like him pay a smaller share of their income in federal taxes than middle-class taxpayers.
Buffett wrote in a New York Times op-ed piece last month that he and his rich friends "have been coddled long enough by a billionaire-friendly Congress."
The measure would be in addition to $447 billion in new tax revenue that Obama is seeking to pay for his short-term spending and tax cutting plan to jump start the economy.
House Speaker John Boehner said Thursday he would oppose tax increases to reduce the deficit. Boehner has urged Congress' deficit "supercommittee" to lay the groundwork for a broad overhaul of the U.S. tax code.
The panel has almost unlimited authority to recommend changes in federal spending and taxes and is working against a deadline of Nov. 23.
Obama Millionaire's Tax: President To Seek New Tax Rate For Wealthy
brick wall,,, meeet head.
“If I knew something that could serve my nation but would ruin another, I would not propose it to my prince, for I am first a man and only then a Frenchman — because I am necessarily a man and only accidentally French.” -Montesquieu
Toddsterpatriot
Diamond Member
I assume they mean from net profit. How to expense equipment is another question.
No my friend...
Are you an HFH?
Isn't everyone?
We'll see.
I like the general concept of his tax plan, but I've not seen the details.
BDBoop
Platinum Member
- Banned
- #180
Hopefully we'll find out.
What do they bring to the table, Meister? Nothing that I can see. They hoovered up all the money, and gave nothing in return.
The tax rate on millionaires has been much, much higher, and they didn't all flee for parts unknown. Why is now different?
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