Reply With Quote
WC, I think you'll find something is whizzing over your head at the moment.
All that matters is making sure the 10th guy has to start paying $64 instead of $59. It won't solve the bartender's debt problem, but guys 1-9 will get a warm fuzzy from seeing the 10th guy have to pay more. That's good enough for the bartender who's really only interested in being liked by guys 1-9.
----------OR------------
All that matters is making sure guys 6-10 pay less and guys 1-5 have to start paying something. It won't solve the bartenders debt problem, but so long as the bartender can get guys 6-10 to agree with him that guys 1-5 are a bunch of deadbeats, that's good enough for him.
Last edited by coyotes_geek; 09-20-2012 at 04:40 PM.
WC, I think you'll find something is whizzing over your head at the moment.
I'm thirsty.
TB
I see the whole spectrum.
Repugs are 100% BLACK.
When the BEST they can nominiate are criminals dubya/ head,
clueless, hopeless assholes like McLiar/pitbull ,
and sociopathic 1%er assholes like gecko/Ryan (beating stinkier assholes like Gingrich, InSantorum),
the Repugs are totally without redeeming values.
It's far worse than this. Remember this is the best they have to offer.
It's one of the worst beers I've ever had.
The point is to come up with what represents a fair amount. The structure of the numbers shows jackass 2 working for 10 years and living off investments for the last 10 years. Long term capital gains and qualified dividends are taxed at 15%. Keep in mind the money used to generate those dividends and capital gains was already taxed at 35%.
Bottom line, it is in everyone's best interest to take all loopholes, benefits, deductions, credits that the tax code has to offer. If Romney was cheating he would be audited. The only number I have heard on Romney was a 20 million income and a tax of 13%. Thats 1.5 million in taxes.
What is the fair amount?
For a summer hanging by the pool/lake/river beer it kicks freaking ass.
Didnt you mean to ask "Whats the correct amount?"
'Long term capital gains and qualified dividends are taxed at 15%. Keep in mind the money used to generate those dividends and capital gains was already taxed at 35%."
capital gains should be taxes at the same rate as earned income, and should pay SS, unemployment, and medicare on 100% of all income.
No, we just took different angles on it. I think it wizzed over their heads that this was a correlation to taxation, and the rich guy can just take his money where it is taxed less.
.Well, the problem is they are not going out of town. They are staying and drinking in the same bar, enjoying all the amenities, but paying the out of town bartender
First off- you do not know this. Maybe I used my capital gains to invest more and earn more capital gains.
Secondly, it does not matter to the conversation. That money is not being taxed again - only the capital gains are.
The Biggest Gaffe is when a politician speaks the truth -- Michael Kinsey
Disdain for Workers
By now everyone knows how Mitt Romney, speaking to donors in Boca Raton, washed his hands of almost half the country - the 47 percent who don't pay income taxes - declaring, "My job is not to worry about those people. I'll never convince them that they should take personal responsibility and care for their lives." By now, also, many people are aware that the great bulk of the 47 percent are hardly moochers; most are working families who pay payroll taxes, and elderly or disabled Americans make up a majority of the rest.
But here's the question: Should we imagine that Mr. Romney and his party would think better of the 47 percent on learning that the great majority of them actually are or were hard workers, who very much have taken personal responsibility for their lives? And the answer is no.
For the fact is that the modern Republican Party just doesn't have much respect for people who work for other people, no matter how faithfully and well they do their jobs. All the party's affection is reserved for "job creators," a k a employers and investors. Leading figures in the party find it hard even to pretend to have any regard for ordinary working families - who, it goes without saying, make up the vast majority of Americans.
Am I exaggerating? Consider the Twitter message sent out by Eric Cantor, the Republican House majority leader, on Labor Day - a holiday that specifically celebrates America's workers. Here's what it said, in its entirety: "Today, we celebrate those who have taken a risk, worked hard, built a business and earned their own success." Yes, on a day set aside to honor workers, all Mr. Cantor could bring himself to do was praise their bosses.
Lest you think that this was just a personal slip, consider Mr. Romney's acceptance speech at the Republican National Convention. What did he have to say about American workers? Actually, nothing: the words "worker" or "workers" never passed his lips. This was in strong contrast to President Obama's convention speech a week later, which put a lot of emphasis on workers - especially, of course, but not only, workers who benefited from the auto bailout.
And when Mr. Romney waxed rhapsodic about the opportunities America offered to immigrants, he declared that they came in pursuit of "freedom to build a business." What about those who came here not to found businesses, but simply to make an honest living? Not worth mentioning.
Needless to say, the G.O.P.'s disdain for workers goes deeper than rhetoric. It's deeply embedded in the party's policy priorities. Mr. Romney's remarks spoke to a widespread belief on the right that taxes on working Americans are, if anything, too low. Indeed, The Wall Street Journal famously described low-income workers whose wages fall below the income-tax threshold as "lucky duckies."
What really needs cutting, the right believes, are taxes on corporate profits, capital gains, dividends, and very high salaries - that is, taxes that fall on investors and executives, not ordinary workers. This despite the fact that people who derive their income from investments, not wages - people like, say, Willard Mitt Romney - already pay remarkably little in taxes.
Where does this disdain for workers come from? Some of it, obviously, reflects the influence of money in politics: big-money donors, like the ones Mr. Romney was speaking to when he went off on half the nation, don't live paycheck to paycheck. But it also reflects the extent to which the G.O.P. has been taken over by an Ayn Rand-type vision of society, in which a handful of heroic businessmen are responsible for all economic good, while the rest of us are just along for the ride.
In the eyes of those who share this vision, the wealthy deserve special treatment, and not just in the form of low taxes. They must also receive respect, indeed deference, at all times. That's why even the slightest hint from the president that the rich might not be all that - that, say, some bankers may have behaved badly, or that even "job creators" depend on government-built infrastructure - elicits frantic cries that Mr. Obama is a socialist.
Now, such sentiments aren't new; "Atlas Shrugged" was, after all, published in 1957. In the past, however, even Republican politicians who privately shared the elite's contempt for the masses knew enough to keep it to themselves and managed to fake some appreciation for ordinary workers. At this point, however, the party's contempt for the working class is apparently too complete, too pervasive to hide.
The point is that what people are now calling the Boca Moment wasn't some trivial gaffe. It was a window into the true at udes of what has become a party of the wealthy, by the wealthy, and for the wealthy, a party that considers the rest of us unworthy of even a pretense of respect.
http://mobile.nytimes.com/article?a=...&sub=Columnist
Gecko: '95% Of Life Is Set Up For You If You're Born In This Country'
In a less-examined portion of the recently revealed remarks Mitt Romney made during a private fundraiser in May, the presidential candidate told donors that "95 percent of life is set up for you if you're born in this country."
Romney told the donors there are people who say to him, "'Oh, you were born with a silver spoon,' you know, 'You never had to earn anything,' and so forth. And, and frankly, I was born with a silver spoon, which is the greatest gift you could have, which is to get born in America. I'll tell ya, there is -- 95 percent of life is set up for you if you're born in this country."
Romney delivered his comments in the context of a story he told about observing miserable labor conditions in a Chinese factory he had visited. (Watch the remarks above, clipped from the full video courtesy of Mother Jones.)
If 95 percent of life is set up in this country, however, it certainly doesn't reach 95 percent of the people. The U.S. poverty rate has hovered at or near 15 percent for the past few years. Moreover, the same 15 percent of the population is not constantly poor. In fact, recent research suggests that only 15 percent of Americans will not experience some type of economic insecurity in their lives.
Fully 85 percent of Americans by age 60 will have experienced unemployment, sharply lower income, poverty or the use of welfare for at least a year of their adult lives, according to a 2012 longitudinal analysis by Mark R. Rank, the Herbert S. Hadley professor of social welfare at Washington University in St. Louis. For black people born in America, life is even less set up. Whites by age 60 were 43 percent less likely than blacks to have been poor and 42 percent more likely to have experienced affluence, according to Rank.
http://www.huffingtonpost.com/2012/0...=Daily%20Brief
silver-spoon-up-his-ass Gecko, not EVER going to be President
( SupremeBeing, help us out here! )
The spoiled, imperious Queen Anne dictates to the 99%:
'Stop It'
Ann Romney rebuked Republican critics of her husband in two media appearances on Thursday, telling them to "stop it."
The wife of Republican presidential candidate Mitt Romney, during a sit-down interview with CBS 58 in Milwaukee, was asked about the second-guessing within the GOP's tent over the campaign.
"You know there is always sniping and everyone always thinks they are the best critic, and they know this and they know that," she said. "And you know what, it is really amazing to me that people forget that what this election really is about is the economy."
"Stop it. This is hard. You want to try it? Get in the ring,” she said. “This is hard and, you know, it’s an important thing that we’re doing right now and it’s an important election and it is time for all Americans to realize how significant this election is and how lucky we are to have someone with Mitt’s qualifications and experience and know-how to be able to have the opportunity to run this country."
http://www.huffingtonpost.com/2012/0...=Daily%20Brief
No, Queen Anne, it's not about the REPUG economy, your stupid, asshole husband has made the campaing ABOUT HIMSELF. GFY, .
Low on Cash, Romney Tries to Rally Donors for Final Phase
Mitt Romney entered the final months of the presidential campaign with a cash balance of just $35 million, racing to find new large donors and rally low-dollar contributors in August even while he raised tens of millions of dollars for the Republican Party.
Mr. Romney's campaign took in $67 million that month but also spent about that much, twice the rate of spending as in any prior month, according to reports filed Thursday with the Federal Election Commission. More than half of what Mr. Romney raised in August was money he could not spend until after his party convention at the end of the month. And he grew so short of available cash that his campaign borrowed $20 million and sharply curtailed advertising, even while doling out post-convention bonuses to a handful of senior staff members.
The new numbers, along with disclosures filed by major "super PACs" supporting the two candidates, challenge the appearance of financial strength that had burnished Mr. Romney over the summer, and show unexpected strengths for President Obama going into the fall.
While Mr. Romney's combined fund-raising apparatus began September with $168.5 million in cash, much of it was sitting in the accounts of the Republican National Committee, which reported cash on hand of about $76.6 million. While an estimated $42 million remains in his joint account with Republican Party committees, only some of it will be available to Mr. Romney for his general election campaign.
Mr. Obama and the Democrats, by contrast, began the fall campaign with less money over all, about $125 million. But federal law guarantees candidates, not parties, the lowest available ad rate in the days leading up to a general election. Thanks in part to his army of small donors, Mr. Obama gathered more money in his own campaign account than Mr. Romney, whose advantage lies in raising large checks that primarily benefit the R.N.C.
Mr. Obama began September with a balance of $86 million, even after spending $65 million on advertising. He raised over twice as much money as Mr. Romney in checks of under $200, which donors can give repeatedly without quickly hitting federal contribution limits.
Far less money went to the Democratic National Committee, which is playing less of a role for Mr. Obama at this stage in the race. Mr. Obama did not transfer to the committee any money from their joint fund-raising committee, which holds most of the cash Mr. Obama has raised for the party. Instead, the committee borrowed $8 million.
http://mobile.nytimes.com/2012/09/21...58DEA84D7?f=19
Gecko's 1%/UCA donors prefer to hide their JINO SOTUS "free speech" no SuperPAC and the fraudulent "social welfare" PACs.
Anne Romney is not helping him. She keeps talking about how he does not even need the job, and we should be so grateful he is even offering to be President!
This is what happens when people talk about things they don't really understand. You know what determines your capital gains? How well the company is performing..the previous quarters earnings AFTER 35% taxes. So yes, it is double taxation. It's the same money, your capital gains are absolutely derived from income after taxes earned by the company.
Sorry, gotta correct you on that one. Capital gains are personal, not corporate.
Corps get all income taxed at the corporate rate (after credits and deductions of course.)
Cap gains are on personal investments. Now the personal investment may be in the form of a corp or LLC, (example a LLC or S-Corp that buys and sells real estate) but it is not the same as normal corporate earnings from an ongoing business.
Lol finance major
I know that capital gains are personal..you're missing the point. When you own shares in a company, you literally own that company. So you're getting taxed at the corporate level on your earnings (35%) and then whatever your income after taxes is determines any capital gains (or losses) which are again taxed at 15%. It's double taxation.
Manny..just for laughs, what do you think determines the value of your stock? Where do you get your gains or losses from, what determines that?
Don't just sit there with your thumb in your ass refreshing the page waiting for someone to save you before you respond son, answer the damn question
There are currently 1 users browsing this thread. (0 members and 1 guests)
Posting Permissions
