Posted on 01/18/2015 4:54:42 AM PST by dila813
President Obama proposes massive tax hikes on the wealthy and says the loopholes they exploit need closing. 28% capital gain taxes are only the beginning.
Right before his State of the Union address to a Republican controlled Congress, President Obama has thrown down a tax gauntlet, with $320 billion in tax hikes. His signature ideas would make community college free, and would extend sick leave to working families. But his massive batch of tax hikes is unlikely to be met with applause, even though he has cleverly invoked Ronald Reagan’s name to sell yet another big capital gain rate hike.
(Excerpt) Read more at forbes.com ...
Redistribution
Dear Lord:
The last few years have been very tough. You have taken my favorite actor - Paul Newman; my favorite actress - Elizabeth Taylor; my favorite singer - Andy Williams; my favorite author -Tom Clancy; and now, my favorite comedians - “ Robin Williams and Joan Rivers.
I just wanted you to know that my favorite politicians are Barack Obama, Joe Biden, Hillary Clinton, Nancy Pelosi and Harry Reid, and I have a special place in my heart for Jessie Jackson and Al Sharpton.
Amen
very good HomerBohn,
Well done.
He's actually giving those conservatives the cover they need to not deal with our issues.
If he was serious about “fair”, he would go with the Fair Tax. But he’s not serious and he only knows how to LIE.
Is this not along the lines of what France recently tried and then abandoned?
LOL. Now that’s funny.
How about a really simple and fair tax of 10% flat tax on everyone with an income from any source. If the government can’t get along with that, it’s spending too much. At least half the bloated government agencies could be eliminated and we would not miss them.
” make it fairer”...
It’s not “fair” that 48% don’t pay any income tax at all. What happened to the rational that everyone must have “skin in the game” or they aren’t pulling their “fair share”?
Let’s give this idea the consideration it deserves. NO!
I am stealing this.
His take on simplifying is:
You make it, I take it. And anyone who thinks this will only affect the top 1% hasn’t been watching the past 6 years. |This guy is just a common crook, albeit at a very high level.
What Obolo doesn’t realize that removing the capital gains tax is going to hurt the markets badly. Having this break for equities has artificially kept the markets higher than they should have been for years.
This is just class warfare rhetoric, nothing more. In her rebuttal, Senator Ernst should focus on the ways the Obama administration wastes, squanders and steals the record tax dollars they already collect.
LOL
“How about a really simple and fair tax of 10% flat tax on everyone with an income from any source. If the government can’t get along with that, it’s spending too much. At least half the bloated government agencies could be eliminated and we would not miss them.”
10% flat tax and spend the next 2 years going line by line in the budget and start whacking everything that is worthless to the American people.
Wouldn’t the government get almost 4 times the revenue if the the Cap Gains tax were raised to 99%? Then the income tax could be raised to 99%, too, and a 99% VAT could be instituted and all the government’s debt could be paid back in just a few years! Prosperity would be unprecedented!
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