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Old 02-24-2008, 07:04 PM   #16
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Quote:
Originally posted by MadelynIris


Hmm... I don't think Obama was thinking of raising taxes to pay for the war... But regardless, point taken.
Is he raising taxes or is he rolling them back to what they were before Bushonomics kicked in?

As far as I understand it, the rollback is supposed to pay for the health care plan.
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Old 02-24-2008, 07:05 PM   #17
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Originally posted by Irvine511
i've never heard of anyone who thought, "yeah, i'd love to increase my salary by $20K within 5 years, but i'll get taxed a little bit more, so might as well just stay at home and pick my nose."
No kidding.

I've also never heard anyone who made 6 figures say "I wish I was making $35K/year so that my marginal tax rate was half what it is now."
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Old 02-24-2008, 07:05 PM   #18
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Quote:
Originally posted by anitram
Bushonomics

2+2=5
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Old 02-24-2008, 07:05 PM   #19
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i've never heard of anyone who thought, "yeah, i'd love to increase my salary by $20K within 5 years, but i'll get taxed a little bit more, so might as well just stay at home and pick my nose."
Lol. You should talk to my tax attorney. They live and breathe exactly what you've never heard of, 24/7.
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Old 02-24-2008, 07:06 PM   #20
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Tax credits should be shifted from the oil companies to green energy companies. This will help with innovation and investment.

Quote:
Originally posted by Vincent Vega
It's interesting how the Danes are mostly fine with a top tax rate of 64% because it means they are covered by a strong social system (mind you, back in the 1990's they were majorily opposed to having their taxes raised), and in the US it's the total opposite.
A lot of Danes have moved to London and elsewhere in Europe.
http://www.iht.com/articles/2007/12/...ness/labor.php
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Old 02-24-2008, 07:06 PM   #21
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Originally posted by MadelynIris


Lol. You should talk to my tax attorney. They live and breathe exactly what you've never heard of, 24/7.
Perhaps you should look for a better one.
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Old 02-24-2008, 07:11 PM   #22
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Quote:
Originally posted by MadelynIris


Lol. You should talk to my tax attorney. They live and breathe exactly what you've never heard of, 24/7.


they are a special breed, i'm sure.
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Old 02-24-2008, 07:12 PM   #23
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Agree financeguy on the Bush years -- it was a reversal for sure on traditional conservative thought.

Anitram... He's proposed rolling them back, but other hikes as well. I've read a couple of articles in the WSJ about Obamanomics --

This is not one of them but quotes some from WSJ--

http://article.nationalreview.com/?q...ZmYmU5MWU2ZmQ=

Given the fact that a lot of his proposals might not make it to reality, and I'm sure that when this guy "did the math" that he might have been out of his mind (or not), that this is a stab in the dark. Regardless...

The removal of the social security tax cap bums me out. Thats a few grand for me right off the top, you too I presume. I used to celebrate every year when i maxed out SS, getting a little raise for myself for the rest of the year.

I think everyone needs to understand, a vote for Obama is a vote for a more socialistic society, that's all. So be it.
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Old 02-24-2008, 07:13 PM   #24
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Quote:
Originally posted by MadelynIris


Good point Vega. I assume the gov sets aside some special programs for R&D, etc.. some tax breaks etc.. for new ventures. But regardless, a good example of how it hasn't hindered innovation. It's all relative of course. Even though you might be paying more taxes, one still would have a better standard of living.

I'm also assuming that they are pleased on the return on investment for their tax dollars in northern europe. Something I think that is not possible any time soon in the US. We're too big, too bureucratic to have a good ROI. Maybe at the county/city level. Usually by the time it hits the state level, the corruption and red tape, and laziness diminish a real result.
From my experience with the Danish bureaucracy (cannot comment on the Swedish) I don't think there would be that great a difference.

I don't say the two countries are comparable, but still think it is interesting how greatly opposed the Americans are to the very idea of raising the taxes, and well, you cold not establish any form of social security and only years later bother with the funding.

Given the overdebtedness of the US today and the costs it is facing over the next years I'm pretty certain that sooner or later an increase in taxes is inavoidable. But the problem is, the money is so dire needed and it can't be spent on social security.
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Old 02-24-2008, 07:14 PM   #25
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Quote:
Perhaps you should look for a better one.
yeah. Terms like "tax avoidance" give me the creeps. Better than tax evasion though eh? Lol. Crazy attorneys.
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Old 02-24-2008, 07:16 PM   #26
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Quote:
Originally posted by MadelynIris


Hmm... I don't think Obama was thinking of raising taxes to pay for the war... But regardless, point taken.
No matter what, the war is a huge drain on resources that normally go elsewhere. I suppose you could cut out children's programs, and then not raise taxes.
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Old 02-24-2008, 07:17 PM   #27
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Quote:
Originally posted by MadelynIris

I think everyone needs to understand, a vote for Obama is a vote for a more socialistic society, that's all. So be it.
How long before somebody starts calling him a Communist.

Republican voters have their wonderful party to thank for the current state of the economy, the massive debt and the need for roll backs (or increases).

I ask you, would you rather make $35K/year so you can avoid being taxed these extra $5K? I sure as hell wouldn't give up my salary just so I can be at a lower rate. In fact I find something distasteful about people in my position constantly complaining about their taxes while they drive their asses to work in a Lexus, have a 7 figure McMansion out in the suburbs and vacation in Fiji twice a year. Yeah, you're really suffering, I don't know how you can make it through the day, people.
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Old 02-24-2008, 07:17 PM   #28
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Quote:
Originally posted by MadelynIris

I think everyone needs to understand, a vote for Obama is a vote for a more socialistic society, that's all. So be it.
They seem to be not only clear on this concept, but okay with it.
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Old 02-24-2008, 07:18 PM   #29
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Originally posted by MadelynIris


yeah. Terms like "tax avoidance" give me the creeps. Better than tax evasion though eh? Lol. Crazy attorneys.
Tax avoidance is a thing of beauty, it is an art of statutory interpretation, it is a fine dance between tax lawyers and the government.
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Old 02-24-2008, 07:18 PM   #30
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They seem to be not only clear on this concept, but okay with it.
Yeah. Like I said, so mote it be.
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