BSMX's Official GOP Thread: The Search for More Money

I'm exempt - do not punch clock.

I also live in Orange County, and besides Loretta Sanchez, we send Republicans to Congress ... we've got a couple Dem Senators from Cali, I guess. I don't think Democrats are the solution, BTW. I've never been registered with that party.

I think the last paragraph you wrote describes exactly how we should think about the government. I am all for private capital, free enterprise and minimal regulation - smart regulation.

Adjusting the dial on regulation is a difficult thing ... the proverbial billion dollar question! I think Obama's point has been that there is a role for the government, and we should stop slinging rhetoric about gov't being the enemy of business because that mentality doesn't drive the policy outcomes like you describe above - strategic public-private partnerships that benefit our communities.

do you actually believe its fair that his secretary pays 30% of her paycheck while her boss pays 15%?

she pays a bigger chunk of her annual salary in taxes than her own rich boss... thats absolute bullshit

Warren buffet doesn't think so, and neither does Obama. It's not about the amount you pay, but the percentage, it should be the same across the board regardless of how much is it.

warren buffet and obama wants to make things fair, have both pay the same percentage.... its the fairest way. Warren knows that he benefits greatly from the infrastructure that the government built. He definitely sees the value in paying for that infrastructure that made him so much money....

the market thinks its good

http://money.cnn.com/2012/08/03/investing/stocks-markets/index.htm?hpt=hp_t3

Obama is repairing this economy just needs more time

Why do you believe that the Obama administration is repairing this economy? Most importantly, what in his administration's future economic policy displays that it will be successful?

well for one, and the most important one, is that this administration knows exactly what needs to be done. you can see that by the trend of how this economy is gaining jobs since the economy bottomed out at the beginning of his term. He knows that this economy needs more revenue coming in, and the best place to find it is in people who make 250000 a year or more. He also understands that the middle class is the backbone of this economy, and a middle class with more money, will stimulate the economy to better numbers and help reduce unemployment and just basically grow.

with that said, he has made the decisions that helped saved the economy and passed laws that will keep the economy from going the same disastrous path laid forth by bush and the repugs in congress

now in contrast, just by looking at mitt romney, he believes in giving the rich tax cuts presumably to allow the rich people have more money to spend on their business and man power. this has already been proven to be so far from the truth. the bush tax cuts have been in place for a decade and so far, look at the results. they have been proven to have failed and only help increase the deficit. rich people are not job creators, thats a myth, the people, middle class who go and spend money, create the jobs. those middle class don't have any money? then the rich people wont spend money on their business... these bush tax cuts are irresponsible and must be stopped if this economy is ever to recover. Obama wants to end those unaffordable tax cuts

so, from both choices and put in perspective Obama's track record and economic strategy. Obama is the best choice. He brought the economy from the brink, he just needs more time. he needs you to vote for him and bring fiscal responsibility to america

It is fair, because he already paid taxes on it. IT is money earned from investments... money that was previously earned and taxed on.

No, it is not because you are not comparing apples to apples. We are not comparing payroll taxes to investment taxes (capital gains taxes). Why is that so dificult for you to understand?

If this secretary (pulling 100K) also invested in stocks, bonds, real estate, etc, her capital gains tax on her investments would be near what Buffet pays on her investments.

Really? Because your kind was against a flat tax rate....

Pern?

hmm

I think you can't grasp what I am trying to say. The fact that buffet gets taxed only 15% regardless of what the income is, its bullshit. I know capital gains are taxed less, thanks to the bush tax cuts. This has to be stopped immediately. and yes I know democrats wanted to tax rich people more, because they know economics, they are the ones who always in recent years balance the budget. It makes perfect sense for the middle class to pay less taxes than rich people, because the middle class is a larger pool of tax payers. Also, the more money the middle class has, the more is spent on the economy. its economics 101 but repugs get blinded by their own greed and fail to grasp this simple fact.

These bush tax cuts are the biggest threat to the economy

Buffets pays more taxes than her secretary will make in 10 lifetimes. How is she paying more? Stop getting confused the the percentage, and look at the actual number. I know 35% is more than 15%.... but when you add the other numbers.... Is 15% of Millions more than 35% of 100K?

Capital gain taxes were also lowered under Clinton, not just Bush.

It is a myth that the rich don't pay their fair share. All you have to do is go directly to the source CBO/IRS.

Taxes paid by the Top

• The top 1% pay 22.7% of taxes.
• The top 10% pay 50% of taxes.
• The top 20% pay 65.3% of taxes.
• The top 40% pay 84.3% of taxes.

Taxes paid by the bottom

• The bottom 20% pay 1.1% of taxes.
• The bottom 40% pay 6.1% of taxes.

And I would like to know which congress you speak of that balanced the budget, because no democratic controlled congress has balanced the budget since 1969.

You call the rich greedy, what do you call the those that want the government to take care of them from cradle to grave? Do you think its better for them to wait 4-5 years collect welfare until they find the job they like, or get any job, even if it is not in their field?

bro,

if you can't grasp this simple concept, im gonna put it for you in bible terms.

Please load up your bible app and go to the book of luke 21:1 to 4

21 As Jesus looked up, he saw the rich putting their gifts into the temple treasury. 2 He also saw a poor widow put in two very small copper coins. 3 “Truly I tell you,” he said, “this poor widow has put in more than all the others. 4 All these people gave their gifts out of their wealth; but she out of her poverty put in all she had to live on.”

the middle class gives more, because they give a bigger chunk of what they earn. The rich give a larger amount, but its not the same percentage as the middle class thus they give less.

it doesn't matter that the rich give millions, if its just left over millions and not the same percentage, they are giving less than the middle class.

but then again, if you can't grasp this simple concept. The answer is also in the bible as to why. please go to matthew 19:24

"Again I tell you, it is easier for a camel to go through the eye of a needle than for someone who is rich to enter the kingdom of God.”

As do many within your ranks, like the black pastors.

When did 35% of $100,000 become more than 15% of $10,000,000+?

Do you realize that the top 1% includes households making 300K. Households in the top 5% max out around 155K. Not exactly rich, they may be more affluent, more educated, live in better zip codes, but they are still middle class. They still have to worry about how they will get their kids through college. They still have to worry about their mortgages.

The Dems are using carpet bombing campaigns against the uber rich and fail to realize the collateral damage that comes with it. They are screwing over the middle class. They want to bleed that small business owner dry.

I might as well stop investing in real estate. I will tell me property manager and workers, Sorry.... not worth it anymore to keep you guys working.... might as well just put my money in my savings account....have a good life.... hope you find work else where

not even jesus can get you to understand this simple concept.... jesus christ

greed is making you a soulless individual.

and lol at your last statement. is america supposed to cry at your whining about having to pay your fair share? nah, just laugh at your ass.... you rather stop working and make money because you gotta pay your fair share to society lol

you remind me of the kid who got pissed and took his ball home

yes I know, and they usually involve money.

I didn't know I was suppose to read the bible to learn economic principles and entrepreneurship. I actually went to college. How stupid of me.

You want the rich to pay 37-49% of all their income (payroll, capital gains, etc). I get it. I just don't agree with it.

With all the attacks on the top 1%, you fail to realize that you are also compromising the stability of the middle class.

Whether you want to admit it or not, you are attacking the engine of the American economy---small businesses. They employ more people than your Fortune 500 corporations and the vast majority of small businesses are in the 75K-250K range.

Why do you want to tax their investments more? You alreadt tax them on their salaries. If they lose on their investments... they are ********ed. They lose everything. If their investment pans out, it's like they lose half to taxes.... I just don't understand your line of thinking.

says the guy that started a collection to finance a vacation. And I am greedy? HAHAHAHA

you are right, the engine of the economy is the middle class, that is why they should get a tax cut! Obama wants raise revenue from taxes from people who make 1 million or more a year. right now they pay a lower percentage rate and that is wrong!

the middle class needs the stimulus and the tax breaks, not the rich who make over 1 million.. they need to pay more! then the rich will make even more, because the middle class has more money to spend!

btw, I don't know where u got the idea that I want tax rates for the rich to be 49%

Wrong.

Obama wants to raise taxes on households making over 200K.

Obama wants to raise the capital gains tax (dividends, stock, real estate, etc) from 15% to 44% to those households that make over 200K. Short Term and Long Term capital gains would be taxed different, and the hike in taxes would be gradual. Last I read he wanted to tax the estate at 45% and dividends at 44%.

He also wants to implement the Buffet Rule on all income for people making 1M to 30%.

If you do tax dividends to 44%, what do you think will happen if they start selling their dividends, what do you think will happen to to your 401K, your retirement? Talk about voting against your interests.

85% of millionaires in this country are self made. The 2 most common traits amongst self made millionaires is they were self employed and lived below their means. That should be rewarded, not punished.

wrong,

he only wants to raise taxes on the top 1 million. its in his state of the union speech...

the unaffordable bush tax cuts also need to be expired...

Do you think 200K is rich?

Look at his 2013 Budget plan...

• Dividends received by high wage earners (singles over 200k and married couples over $250k) would be taxed at 39.6%, from 15%.

• The top rate for capital gains would go from 15% to 20%.

• The minimum tax rate for individuals with income of at least $1 million would be 30%. (This is what Buffett proposed.)

• Obama wants the interest from municipal bonds which is currently federal tax free (and state tax free if you buy a bond from the state you live in) to be taxed! Yes taxed! The max rate would be 28%. I don’t think this will happen (see below).

In the 2013 budget, there also would be a 3.80% tax on unearned income for married couples making over $250k and singles making over $200k.

any links? I checked the whitehouse.gov site and could not find anything....