RealTalk: Your President Wants To Raise My Taxes to Close to 60%

Originally Posted by kdawg

Originally Posted by LifeLessons

you have to make over 350k to be in the top tax bracket right?
Yeah, and you'll only pay the highest percentage on the money above that - it's not like if you make 349k you pay 40% and if you make 351k you pay 60% - you would only pay 60% on the 1k.

thats what i thought
 
Originally Posted by I Be John Mayer

Originally Posted by swizzc

I believe the saying goes "If you're conservative when you're 20 you don't have a heart, if you're liberal when you're 40 you don't have a brain."

laugh.gif
I like that. Might have to steal that one.
I know its
pimp.gif
but very true at the same time.

It doesn't matter whether you voted for him or not he is still our president. Its just so frustrating to see him do almost the exact opposite of what heshould do during a recession. Even though I didn't vote for him I wish him them best and hope that his actions don't put this country in a worsesituation just like Bush.
 
Originally Posted by FIRST B0RN

I am in a higher tax bracket than you Hov and though it's going to have an effect, I am willing to deal with it. Obama and his administration are trying to fix a catastrophic health care system and everyone isn't going to like the measures that need to be taken. I remember when I was in college, our professors would say how people were liberal until they started making a lot of money. I guess I am an exception to that rule. The higher my income goes, I realize the world and the problems that are in it are a lot bigger than my bank statement. I am not faulting you for your view on the matter, just sharing mine.
Exactly, the trickle down theory doesn't work and the Bush administration proved that. Hov these last four years while you were getting fatoff tax cuts an entire nation was starving, losing homes, and applying for welfare. The gap between the rich and the poor in this country has widened vastlyand the only way to fix it is to help the poor get out of the holes that Reagan and Bush's administrations pushed them into.

Capitalism = Feudalism without responsibility toward the serfs.
A bit extreme but true to an extent.
 
Originally Posted by I Be John Mayer

Fromyesterday wrote:


dgk3188 wrote:

rich people complain too much.



shut up

greedy



Are you stupid?

They probably worked harder then you ever have

to get where they are now.

that sort of logic is pretty flawed.



How?

Do you think they just woke up one day and

became rich?

Most rich people obviously worked hard to get where they are.

( No, im not rich. )

They probably worked hard in some kind of subject.

whether they worked hard educationally, physically, or skillfully.
 
Originally Posted by JustScoreda100


I understand what your saying here, but if history has shown us anything across all policies their is a LOOPHOLE in every system that allows the rich to stay rich.
Loopholes do not allow the rich to stay rich. The rich stay rich usually because they produce or provide something of value while others are usually stuck working for producers or providers instead of becoming them. If I had tons of money I would make sure to preserve as much of my money as possible. I don't see anything wrong with that.


eagles and vultures...

rich people are eagles, broke people are vultures, waiting to eat what the eagle kills.

there's alot more vultures than eagles, that's why hovkid is complaining.

the only fix you got is to just make more money to compensate for the government taking more.

it's that simple.

kill more food, so the vultures can eat more.
 
Originally Posted by lu cash

Originally Posted by FIRST B0RN

I am in a higher tax bracket than you Hov and though it's going to have an effect, I am willing to deal with it. Obama and his administration are trying to fix a catastrophic health care system and everyone isn't going to like the measures that need to be taken. I remember when I was in college, our professors would say how people were liberal until they started making a lot of money. I guess I am an exception to that rule. The higher my income goes, I realize the world and the problems that are in it are a lot bigger than my bank statement. I am not faulting you for your view on the matter, just sharing mine.
Exactly, the trickle down theory doesn't work and the Bush administration proved that. Hov these last four years while you were getting fat off tax cuts an entire nation was starving, losing homes, and applying for welfare. The gap between the rich and the poor in this country has widened vastly and the only way to fix it is to help the poor get out of the holes that Raegan and Bush's administrations pushed them into.

Capitalism = Feudalism without responsibility toward the serfs.
A bit extreme but true to an extent.


I won't argue the gap, because I think you're right, the gap has certainly widened incredibly over the last decade.
However, to cite starvation and losing homes as a byproduct of the Bush tax cuts I think is pushing it a bit.
 
Originally Posted by Fromyesterday

Originally Posted by I Be John Mayer

Fromyesterday wrote:


dgk3188 wrote:

rich people complain too much.



shut up

greedy



Are you stupid?

They probably worked harder then you ever have

to get where they are now.

that sort of logic is pretty flawed.



How?

Do you think they just woke up one day and

became rich?

Most rich people obviously worked hard to get where they are.

( No, im not rich. )

They probably worked hard in some kind of subject.

whether they worked hard educationally, physically, or skillfully.
The logic is flawed because a lot of people are born into situations that makes it almost impossible to get rich no matter how hard they work atit. It is much easier to make something of yourself when you are born into a middle class family, attend the best private schools in town and surround yourselfwith future contacts who can help you along the way. However, the majority of Americans don't have that.
 
Originally Posted by lu cash

Originally Posted by Fromyesterday

I Be John Mayer wrote:


Fromyesterday wrote:









dgk3188 wrote:






rich people complain too much.








shut up




greedy







Are you stupid?




They probably worked harder then you ever have




to get where they are now.



that sort of logic is pretty flawed.









How?




Do you think they just woke up one day and




became rich?




Most rich people obviously worked hard to get where they are.




( No, im not rich. )




They probably worked hard in some kind of subject.




whether they worked hard educationally, physically, or skillfully.
The logic is flawed because a lot of people are born into situations that makes it almost impossible to get rich no matter how hard they work at it. It is much easier to make something of yourself when you are born into a middle class family, attend the best private schools in town and surround yourself with future contacts who can help you along the way.





What about Mike Tyson?, Oprah, Eminem, ect....

they went from Rags to Riches and they grew up in one of the

most poorest neighborhoods and some of them even dropped out of High School.

Like i said,

they either worked hard on a skill they had, or educationally, ect...
 
Originally Posted by LazyJ10

Originally Posted by lu cash

Originally Posted by FIRST B0RN

I am in a higher tax bracket than you Hov and though it's going to have an effect, I am willing to deal with it. Obama and his administration are trying to fix a catastrophic health care system and everyone isn't going to like the measures that need to be taken. I remember when I was in college, our professors would say how people were liberal until they started making a lot of money. I guess I am an exception to that rule. The higher my income goes, I realize the world and the problems that are in it are a lot bigger than my bank statement. I am not faulting you for your view on the matter, just sharing mine.
Exactly, the trickle down theory doesn't work and the Bush administration proved that. Hov these last four years while you were getting fat off tax cuts an entire nation was starving, losing homes, and applying for welfare. The gap between the rich and the poor in this country has widened vastly and the only way to fix it is to help the poor get out of the holes that Raegan and Bush's administrations pushed them into.

Capitalism = Feudalism without responsibility toward the serfs.
A bit extreme but true to an extent.
I won't argue the gap, because I think you're right, the gap has certainly widened incredibly over the last decade.
However, to cite starvation and losing homes as a byproduct of the Bush tax cuts I think is pushing it a bit.



It is not a byproduct of tax cuts, it is a byproduct of both Reagan and Bush's complete disregard for the poor and the notion that they neededto cater to the top 1% of the country.
 
Originally Posted by lu cash

Originally Posted by Fromyesterday

Originally Posted by I Be John Mayer

Fromyesterday wrote:


dgk3188 wrote:

rich people complain too much.



shut up

greedy



Are you stupid?

They probably worked harder then you ever have

to get where they are now.

that sort of logic is pretty flawed.


How?

Do you think they just woke up one day and

became rich?

Most rich people obviously worked hard to get where they are.

( No, im not rich. )

They probably worked hard in some kind of subject.

whether they worked hard educationally, physically, or skillfully.
The logic is flawed because a lot of people are born into situations that makes it almost impossible to get rich no matter how hard they work at it. It is much easier to make something of yourself when you are born into a middle class family, attend the best private schools in town and surround yourself with future contacts who can help you along the way. However, the majority of Americans don't have that.



And it also suggests that people who aren't rich don't work hard. As I said before,

Does a stockbroker work harder than a construction worker?

Does a dentist work harder than an auto mechanic?

Does a lawyer work harder than a garbageman?

Are you suggesting that a teacher in a low income area doesn't work as hard as Mike Tyson??

I'm about to wrap up my undergrad studies and go to law school, and i've worked as a garbageman and I can tell you that is some of the hardest workI've ever done. 12 hours straight of constantly lifting heavy stuff in the heat riding on the back of a truck. There is nothing that would make me thinkthat simply because i was LUCKY enough to gain the education i can get that all of a sudden I work harder than the guy who collects trash. That is the fatalflaw in your logic.
 
I love how all of you are like "go find loopholes."

Man, I want to be an upstanding citizen and pay what is due. If forced to find a way to hide my money that's what I'll do, but Jesus, that is what itcome down to now?

That's yo man......

b-obama_change_socialism-peoples-cube.jpg

3socialists.jpg
 
Originally Posted by Fromyesterday

Originally Posted by lu cash

Originally Posted by Fromyesterday

I Be John Mayer wrote:


Fromyesterday wrote:









dgk3188 wrote:






rich people complain too much.








shut up




greedy







Are you stupid?




They probably worked harder then you ever have




to get where they are now.



that sort of logic is pretty flawed.





How?




Do you think they just woke up one day and




became rich?




Most rich people obviously worked hard to get where they are.




( No, im not rich. )




They probably worked hard in some kind of subject.




whether they worked hard educationally, physically, or skillfully.
The logic is flawed because a lot of people are born into situations that makes it almost impossible to get rich no matter how hard they work at it. It is much easier to make something of yourself when you are born into a middle class family, attend the best private schools in town and surround yourself with future contacts who can help you along the way.





What about Mike Tyson?, Oprah, Eminem, ect....

they went from Rags to Riches and they grew up in one of the

most poorest neighborhoods and some of them even dropped out of High School.

Like i said,

they either worked hard on a skill they had, or educationally, ect...
You're giving me very few examples, I'm talking about the country as a whole here not a couple entertainers and athletes.
 
Originally Posted by HOVKid

I love how all of you are like "go find loopholes."

Man, I want to be an upstanding citizen and pay what is due. If forced to find a way to hide my money that's what I'll do, but Jesus, that is what it come down to now?

That's yo man......

It's just called proper tax planning. Before you took your job, you knew how much you were going to make as you posted it on NT. At the same time, youshould have immediately went to a tax attorney or a respected CPA and discussed what you could/should do in this tax bracket. I know my firm was operatingunder the notion that taxes would go up and the Bush tax cuts would expire, so we got clients in here asap to discuss. Some accelerated their revenue, somemove to defer. When you enter that tax bracket, a certain level of sophistication is automatically assumed.
 
Originally Posted by lu cash

Exactly, the trickle down theory doesn't work and the Bush administration proved that. Hov these last four years while you were getting fat off tax cuts an entire nation was starving, losing homes, and applying for welfare. The gap between the rich and the poor in this country has widened vastly and the only way to fix it is to help the poor get out of the holes that Reagan and Bush's administrations pushed them into.
IMO the biggest reason the gap between rich and poor in this country widen over the past 8 years was due to both Republican and Democraticparties. Middle class people were encouraged to ditch savings accounts and place their money in the stock market or spend their money in the economy. To makematters worse, the government started advocating cheaper housing which helped banks bamboozle millions into buying houses they wouldn't afford under thepretense that the value would increase. Add on historically low interest rates and you have a bubble waiting to burst. Those smart enough to have theirfinancial house in order were not hurt as badly as those who blindly followed what their financial advisers told them.

So, for you to single out only Bush and Reagan makes me think that your just choosing sides. The blame goes to every body in the government.

If you were starving/losing your house/applying for welfare during the Bush era when unemployment was 4 - 6%, then I would say that you was not doing it right.
 
eh I was out and I was thinking bout this

NY Post is the one who printed the Obama monkey stimulus cartoon.. Then I thought hey who owns the NY Post..I was thinking got the answer went on Wikipedia toconfirm

OWNER OF NY POST IS RUPERT MURDOCH, RUPERT MURDOCH OWNS WHAT EVERYONE FOR THE $1000 Alex.. WHAT IS FOX NEWS? UNCREDIBLE SOURCE.
 
Originally Posted by lu cash

The logic is flawed because a lot of people are born into situations that makes it almost impossible to get rich no matter how hard they work at it. It is much easier to make something of yourself when you are born into a middle class family, attend the best private schools in town and surround yourself with future contacts who can help you along the way. However, the majority of Americans don't have that.


Couldn't be further from the truth.
There are multitudes of ways that one can get rich/wealthy in the US. Many of those ways do not involve even being born into the middle class.

Just as an aside, the wealth gap began to really widen back in the late 70's. Nixon got the ball rolling and every president since has followed suit.
 
Originally Posted by Essential1

eh I was out and I was thinking bout this

NY Post is the one who printed the Obama monkey stimulus cartoon.. Then I thought hey who owns the NY Post..I was thinking got the answer went on Wikipedia to confirm

OWNER OF NY POST IS RUPERT MURDOCH, RUPERT MURDOCH OWNS WHAT EVERYONE FOR THE $1000 Alex.. WHAT IS FOX NEWS? UNCREDIBLE SOURCE.
What the hell does that have to do with topic at hand?

Here's some advice from your good friend Obama

Adults_talking.jpg


Go sit down.
 
Originally Posted by wawaweewa

Originally Posted by lu cash

The logic is flawed because a lot of people are born into situations that makes it almost impossible to get rich no matter how hard they work at it. It is much easier to make something of yourself when you are born into a middle class family, attend the best private schools in town and surround yourself with future contacts who can help you along the way. However, the majority of Americans don't have that.
Couldn't be further from the truth.
There are multitudes of ways that one can get rich/wealthy in the US. Many of those ways do not involve even being born into the middle class.

Just as an aside, the wealth gap began to really widen back in the late 70's. Nixon got the ball rolling and every president since has followed suit.





Those born into poverty are at a disadvantage.
 
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