42 replies to this topic

[k2skier]

Callao, on Aug 27 2008, 08:47 PM, said:

But I have to agree with SkiBachelor--Obama's tax policy does scare the crap out of me.

Why, are you rich? You must make well over $200,000 to make any sense of your statement. I have run my own business since 1985 and no Republican has EVER lowered my taxes enough to make any substantial difference, my best income years have been when Clinton was president. Democrats do more to help the middle class than Republicans.

Whoever gets in (pray to the invisible man in the sky it's not McCain) the White House will have the most massive clean-up job in history to undo all the illegal and corrupt doings of Dick-n-Bush.

[Emax]

This topic belongs back on top.

[SkiBachelor]

k2skier, on Aug 28 2008, 09:11 AM, said:

Why, are you rich? You must make well over $200,000 to make any sense of your statement.

While our household income falls between the $75,000 - $250,000 and neither candidate plans to change taxes substantially in this bracket.

It's the Death/Estate Tax that scares me since I will have to pay a 45% tax on my parents assets when I inherit them (homes and development properties) compared to McCain's 15% Death/Estate Tax. To see these assets almost cut in half is not right when they have already been taxed in the first place.

http://biz.yahoo.com/hfsb/080806/080608_es...x_fsb.html?.v=2

However, I'm happy that Obama decide to go with a 25% capital gains tax compared to his original idea of 35%.

[poloxskier]

I am not affiliated with either party but I tend to vote more on the conservative side based on my personal beliefs of the direction this country should move in. The only thing that is guaranteed is that if Democrats enter office taxes will go up. Just look to history if you think otherwise. That said some tax increases are sometimes required in order to fund various social services and projects. I am only in favor of tax increases when they have a significant positive impact of the lives of a large number of citizens. Nationalized health care does not fall under this since it is just a feel good proposition that looks good on paper but in practice does not work. I am currently leaning more towards McCain but the jury is still out on that one, I'll wait until a little closer to November to make my final decision as to who gets my vote.

[coskibum]

i hope everyone saw Obama's historic speach tonight. As an independent voter myself, I was very impressed. The DNC has been great to have in town. I've been able to see their ideas up close...thanks to our Governor Bill Ritter and Mayor Hickenlooper for bringing this to Denver.

[k2skier]

The Death Tax...

For a tax that each year affects only a few hundred of the nation's 27 million small companies, the estate tax manages to scare an outsize number of entrepreneurs.

The estate tax affects a tiny number of small or family-owned businesses...But for those affected, the consequences can be devastating.

There are those of us out there who are truly affected," Eiffert said. "The very wealthy have the means to avoid this tax."
http://biz.yahoo.com...x_fsb.html?.v=2

[chasl]

It's the Death/Estate Tax that scares me since I will have to pay a 45% tax on my parents assets when I inherit them (homes and development properties)


Good for you, When My parents died, we had to finish paying their bills. We did not have to worry about paying a tax. I would call you lucky.

By the way 45% is standard tax for Canada and Austria for everyone interested in nationalized health care

[Callao]

A change from 15% to 25% tax on capital gains is quite a change--we are going to see a lot of trading the day vote results are definitive.

My tax bracket will actually be benefited by Obama's economic plan. However, the people that have hired me and the rest of middle Americans are going to have to pay up. Cutting costs means cutting employees. Like me.

It may seem all fine and good, you know, the whole Robin Hood "steal from the rich, give to the poor" thing. In the end, however, these are pretty socialistic ideas. The wealthy hire and bless the rest of us.

Raising minimum wage leads to either inflation or an increase in unemployment, or a combination of both.
Raising taxes on those who stimulate the economy (entrepreneurs) stifles their incentives, stagnating the economy.
Heavy taxing on capital gains stifles investment, which also stagnates economic growth.
"Free" health care is more heavily used than health care that costs.
There is no such thing as free health care.

These are fundamental economic principles.

[Emax]

Callao, on Aug 29 2008, 10:48 AM, said:

A change from 15% to 25% tax on capital gains is quite a change--we are going to see a lot of trading the day vote results are definitive.

My tax bracket will actually be benefited by Obama's economic plan. However, the people that have hired me and the rest of middle Americans are going to have to pay up. Cutting costs means cutting employees. Like me.

It may seem all fine and good, you know, the whole Robin Hood "steal from the rich, give to the poor" thing. In the end, however, these are pretty socialistic ideas. The wealthy hire and bless the rest of us.

Raising minimum wage leads to either inflation or an increase in unemployment, or a combination of both.
Raising taxes on those who stimulate the economy (entrepreneurs) stifles their incentives, stagnating the economy.
Heavy taxing on capital gains stifles investment, which also stagnates economic growth.
"Free" health care is more heavily used than health care that costs.
There is no such thing as free health care.

These are fundamental economic principles.

Thanx, Callao, for your cogent thoughts - especially on the health-care issue. If you think that health care costs too much now, just wait until it's FREE. You'll get to pay for the well-being of every non-working "citizen" in the country. Karl Marx will be smiling - and George Washington (et al.) will be wondering why they tried so hard.

[LuvPow]

The health care issue is true regarding "free" HC. I know a lot of people that have left France due to extremely high taxation on wages to pay for this. If this much money were taken out of my check here in the US, it would equal the amount or be greater that I would pay to privately take out health insurance.
And the GST in BC and higher cost of everything you buy adds up to quite a bit... nothing is free.

[Andoman]

Emax, on Aug 29 2008, 01:07 PM, said:

Thanx, Callao, for your cogent thoughts - especially on the health-care issue. If you think that health care costs too much now, just wait until it's FREE. You'll get to pay for the well-being of every non-working "citizen" in the country. Karl Marx will be smiling - and George Washington (et al.) will be wondering why they tried so hard.

The health care thing is another promise that is being made without the money to follow through with it. The government can't even manage the social security program, and now they want to give out health care. Not to mention the greatest plan ever conceived to lower gas prices.......tax oil companies......yeah that will work Sorry, I have some pent up anger for that one.

I don't like everyone (republican or democrat) to promise everything to everyone to buy votes, they might as well promise to make everyone that is unemployeed or retired rich as soon as they push the correct button in the voting booth. I mean that should give someone a 10 to 15 percent lead in the polls right?

This post has been edited by Andoman: 29 August 2008 - 11:20 AM

[Callao]

Obama has quite the ambitious plan. But, like most presidents, he'll likely not get all of it off the ground. That sets me at ease a bit, because I think he's going to win, and when he does, he will be MY president. He and I may not agree on all points of policy, but I will be one of his citizens, and I will live that citizens' law.

Change sounds really good to dissatisfied people (nothing wrong with being dissatisfied), but just some "change" can still be bad. Even in a political and economical climate that is currently substandard. Just because he announces that he is going to be a change agent, doesn't mean he's going to help anything. We must be careful!

[Callao]

Sorry; I just used the word "climate" in my last post. I hope I didn't offend anybody.

[skier691]

have not made up my mind yet, there is still lots of dirt to toss yet..... I'd vote for one who promises to tell all the big secrets they are keeping, like.. alien encounters, wheres Elvis, cigar usage in the White House, etc.... Change many times only happens when you bring down as many as you can that are not looking. So many are reelected just because they are a familiar name on the ballot, and are rewarded with all the perks that so many of us will only ever dream about. Them perks and 'friends' can sway all big thinkers. Unless you migrate to our neighbors in the north, we'll have to live with what ever corrupt leaders are elected.

This post has been edited by skier691: 29 August 2008 - 07:58 PM

[Emax]

I think that the Republican VP choice is a much bigger story.

[LuvPow]

Emax, on Aug 29 2008, 10:01 PM, said:

I think that the Republican VP choice is a much bigger story.

I agree with you ... I think this VP selection with both parties is starting to be a comedy. It's all about winning, to hell with the most qualified... McCain will have to re-write all his speeches bashing Obama's inexperience.. he appears to be going after Hilary's supporters. Politics are such a joke anymore. We need more than a two party system (sorry Independant's).

"Whenever a man has cast a longing eye on offices, a rottenness begins in his conduct."
Thomas Jefferson

"To those of you who received honours, awards and distinctions, I say well done. And to the C students, I say you, too, can be president of the United States. "
George W. Bush

This post has been edited by LuvPow: 29 August 2008 - 09:21 PM

[Andoman]

LuvPow, on Aug 30 2008, 01:14 AM, said:

I agree with you ... I think this VP selection with both parties is starting to be a comedy. It's all about winning, to hell with the most qualified... McCain will have to re-write all his speeches bashing Obama's inexperience.. he appears to be going after Hilary's supporters. Politics are such a joke anymore. We need more than a two party system (sorry Independant's).

"Whenever a man has cast a longing eye on offices, a rottenness begins in his conduct."
Thomas Jefferson

"To those of you who received honours, awards and distinctions, I say well done. And to the C students, I say you, too, can be president of the United States. "
George W. Bush

I agree with the politics is a joke thing, but I wouldn't say she's inexperienced. I mean she is the governer of a state, which in my opinion is a little more work than a local senate seat. I personally like the things I've read about the woman, it makes the ticket a little more appealling but not enough that I'd vote for ether major party.

[Emax]

OK - I'll go a bit further.
I think that Sarah Palin is a great choice - mostly because she does not tolerate business-as-usual politics. She has gone nose-to-nose with powerful politicians in her own party over conduct unworthy of a public servant... and won. I see no history of "bandstanding" - just a solid record of doing the job she was hired to do. She's an uncommon yet common person, much like Harry Truman. I think that if more people like her were in public office, politics would be much less the joke it is right now.

It will be interesting to see what this duo has to say in the coming months. I think we've already heard and seen everything that the opposition has in its arsenal.

No, I am neither Republican nor Democrat - I don't like "groups" of any kind - but I especially dislike people who try to fool me.

[skierdude9450]

Emax, on Aug 29 2008, 11:01 PM, said:

I think that the Republican VP choice is a much bigger story.

Agreed.