The media can't cover for Obama any more

[RobDownSouth]

The argument is over long term capital gains tax -- a tax levied by the government on already-taxed earnings. A corporation pays the regular corporate rate and then, on top of that, pays the same rate or a reduced rate based on the length of time an investment has been held. If it's greater than one year, they pay the reduced rate of 15% as an add-on to the 35% already paid when the invested money was earned.

Thus, Obama and Buffet are lying when they claim that the secretary pays a higher rate than Buffet does. She pays a rate based on her income bracket and he accumulates his wealth in the form of long term capital gains. The secretary could also take whatever the IRS leaves her, after taxes, and make long term capital investments and pay the 15 percent.

By the same token, Buffet could pay himself a salary and pay the higher rate income tax on said earnings, but he chooses instead to take his wealth in the form of long term capital gains. He chooses to pay 15% after his company earnings payment of 35% has already been made.


Why not ask Buffet to take his wealth in the form of a salary -- the same as his secretary? Oh, no. The media simply wants to suggest that the secretary and Buffet both get paid the same way but, because he is rich, he pays a lower rate. To compare income tax rates and capital gains tax rates is like comparing the Los Angeles Lakers and the New England Patriots: A stupid waste of time at best. In the case of Buffet and Obama, it's simply lying.

Adding: Indeed, my trust earns money and pays taxes at the 15% rate; I work as a writer / editor and I pay at the regular income tax rate. The idea of having a lower rate for long term capital gains is to encourage long term investments, and acknowledge this is double taxation: taxes levied on the profits generated by already-taxed money.

WHAR IS DOUBLE TAXATION? WHAR?
http://cdn.svcs.c2.uclick.com/c2/5d8b2730635e012ee3c300163e41dd5b

 

[Sonny Limatina]

Have you heard any conservative use the word "hate", when referring to Obama.

If so, link it.

Who said anything about using the word? When you laugh at a comedian, do you say, "Laugh! Laugh, laugh! Oh, LAUGH!" or do you just, you know, laugh?

 

[unregistered]

 

[unregistered]

 

[unregistered]

 

[unregistered]

 

[RobDownSouth]

Check this out. Just as predicted;

Dean: Employers will drop coverage under Obamacare



Former Democratic National Committee Chairman, and doctor, Howard Dean backed a McKinsey & Co. survey today that found that almost a third of private-sector employers will drop their employee health insurance coverage when Obamacare's government-managed insurance exchanges come online.

Dean told Morning Joe, "The fact is it is very good for small business. There was a McKinsey study, which the Democrats don't like, but I do, and I think its true. Most small businesses are not going to be in the health insurance business anymore after this thing goes into effect."

The reason Democrats fought so hard to dismiss the McKinsey survey when it was released is because its conclusion undermines two major claims Obama made during health care debate: "If you like your health plan, you can keep it" and "It will not add one penny to the deficit."

http://campaign2012.washingtonexami...-employers-will-drop-coverage-under-obamacare

What's the matter, I thought you were against employers providing health insurance to their employees?

What would John Galt say?

 

[Sean Renaud]

What would John Galt say?

Probably nothing.

 

[unregistered]

 

[semen4her]

I don't talk about my own kids as often as you talk about Obama. And I talk about them a lot.

Not to mention, I like them. You hate the guy you're talking about all day.

You're pretty weird.

Sounds like a Cade/ Rory type relationship.

Somebody buy the guy a damn cat or something!

 

[miles]

Originally Posted by mercury14
But damn, Vette... Miles just came out of nowhere and said I have sex with dudes behind my wife's back. Because I made a point and backed it.

Yeah, out of nowhere...one of your posts. Your point? About what? The only time I even see your senseless drivel is when someone quotes you. Don't flatter yourself.

 

[miles]

The reason Democrats fought so hard to dismiss the McKinsey survey when it was released is because its conclusion undermines two major claims Obama made during health care debate: "If you like your health plan, you can keep it" and "It will not add one penny to the deficit."

You're taking what he said out of context!

 

[eyer]

Shift change!

Cracked me up...

 

[Sonny Limatina]

Me too.

 

[miles]

The fringe media can and will continue covering for Obama. Unfortunately for them nobody takes them seriously any more. They blew their credibility a long time ago.

 

[RobDownSouth]

The fringe media can and will continue covering for Obama. Unfortunately for them nobody takes them seriously any more. They blew their credibility a long time ago.

Oh the irony of someone who routinely posts links to sites like Breitbart lecturin' us on credibility.

 

[miles]

Smeggie talks just like Charlie Brown's teacher.


Bwack,Bwack,Bwack,Bwack,Bwack,Bwack,Bwack,Bwack,Bwack,Bwack,Bwack,Bwack,Bwack,Bwack,Bwack,Bwack,Bwack,Bwack,Bwack,Bwack,Bwack,Bwack,
Bwack,Bwack,Bwack,Bwack,Bwack,Bwack,Bwack,Bwack,Bwack,Bwack,Bwack,Bwack,

 

[unregistered]

 

[unregistered]

 

[RobDownSouth]

Smeggie talks just like Charlie Brown's teacher.


Bwack,Bwack,Bwack,Bwack,Bwack,Bwack,Bwack,Bwack,Bwack,Bwack,Bwack,Bwack,Bwack,Bwack,Bwack,Bwack,Bwack,Bwack,Bwack,Bwack,Bwack,Bwack,
Bwack,Bwack,Bwack,Bwack,Bwack,Bwack,Bwack,Bwack,Bwack,Bwack,Bwack,Bwack,

Hey Miles? If President Obama is The Fuhrer, like you've told us that 53 times, why haven't you and the rest of your family been rendered into soap yet?

 

[unregistered]

 

[mercury14]

Check this out. Just as predicted;

Dean: Employers will drop coverage under Obamacare



Former Democratic National Committee Chairman, and doctor, Howard Dean backed a McKinsey & Co. survey today that found that almost a third of private-sector employers will drop their employee health insurance coverage when Obamacare's government-managed insurance exchanges come online.

Dean told Morning Joe, "The fact is it is very good for small business. There was a McKinsey study, which the Democrats don't like, but I do, and I think its true. Most small businesses are not going to be in the health insurance business anymore after this thing goes into effect."

The reason Democrats fought so hard to dismiss the McKinsey survey when it was released is because its conclusion undermines two major claims Obama made during health care debate: "If you like your health plan, you can keep it" and "It will not add one penny to the deficit."

http://campaign2012.washingtonexami...-employers-will-drop-coverage-under-obamacare

So you're saying that 1/3 of employers in the US are going to get a colossal stimulus, the likes of which they have never before encountered? And the cost of doing business in America is about to shrink far more than any action a Republican or Democrat could ever take?

 

[RobDownSouth]

Christ, we're talking about Obama, no matter what his title might be, he'd fuck up a cocksucker's party.

Let me see if I understand you correctly... it's okay for Miles to call President Obama "The Fuhrer" because he doesn't like President Obama's politics, but it's not okay for me to call AJ "The Gookfucker" because I don't like his politics?

 

[unregistered]

 

[unregistered]