Obama/Soros Pushing Class Warfare

Originally posted by thehoneycomb
reply to post by mastahunta

 

So what? If so those people responsible should have been prosecuted and not bailed out. But they are the same unionized corporations that received the funds from the bailout. Fraud? You bet.

yes they should have been prosecuted... As far as the bail out, I think the assets should
have been liquidated and returned to depositors. But then again, you want to talk about
destroying the foundations of capitalism or inciting class warfare? The entire world of lending
and capital would have been crushed, all money would have been demonetized...


IMO
that would have been the real recipe for a violent revolution and capitalism would have been
questioned or destroyed. I am not a psychic, but that was the barrel of a gun, those days.

Should we have let it fall? Would the world have sought out retribution on the US?

who knows

Originally posted by mastahunta

Mitt did not get taxed at 35%, give me a fricking break, Mitt can afford the best accountants
and tax lawyers sir, I am not a moron, I know how the business world works.

You may possibly be a moron if you can't follow this conversation, sir.

The tax rate of 35% is the highest bracket and is reserved for people who earn $379,150 or more per year. You mean to tell me that Mitt earned less than $379,150 and somehow accumulated over $250,000,000???

The money he earns today from capital gains is a result of investing money that was ALREADY TAXED at 35%....

Originally posted by seabag

Originally posted by mastahunta

Mitt did not get taxed at 35%, give me a fricking break, Mitt can afford the best accountants
and tax lawyers sir, I am not a moron, I know how the business world works.

You may possibly be a moron if you can't follow this conversation, sir.

The tax rate of 35% is the highest bracket and is reserved for people who earn $379,150 per year. You mean to tell me that Mitt earned less than $379,150 and somehow accumulated over $250,000,000???

The money he earns today from capital gains is a result of investing money that was ALREADY TAXED at 35%....

You do understand that the 60,000 pages of tax code are used to reduce tax liability from the
the base tax rate, which would be 35% for Mitt?

Are you telling me that Mitt Romney does not hire the best accountants money can buy to
save him as much as possible?

Because money is taxed does not mean that the same income is recuperated once
the 60,000 pages of tax code are applied to the return, hence the term effective
tax rate.

I made some money a few years back from some money that I had invested, and at the end of the year I wanted to pay taxes on it. It made me laugh when I started filling out the form, the standard personal deduction for capital gains was $125,000. I didn't have to pay any tax. Who's going to pay for the Bush tax cuts. You and me. That's class warfare when you take from the poor and give it to the rich.

reply to post by AnIntellectualRedneck

If I buy stock for 100 dollars, turn around and sell that stock for 150 dollars, then I have made a 50 dollar profit. The capital gains tax is the tax on that 50 dollar profit.

The original 100 has already been taxed once, but the 50 dollar profit has not.

In short, a capital gains tax does not tax your money twice.

The $50 profit in your scenario was invested in the economy. RP (libertarians) and staunch conservatives feel that capital gains should be ZERO!! I agree...the fed takes enough of my damn money.

My main argument is that we’re already being taxed on income. On top of that, ALL of us are paying 15% on capital gains. Obama wants to raise that 15% up to 30% on ALL OF US!!

How in the hell is that a TAX ON MILLIONAIRES??? IT’S A TAX ON EVERYONE who has investments!!

reply to post by mastahunta

What do are they gonna do to us, huh?

You know what your position is being used to achieve Seabag?

Your position is used to justify setting up the SAME economic situation AGAIN.

Tell me how capital gains doesn’t affect EVERYONE that invests in retirement!!! TELL ME!!
You probably don’t care because you’re an OWS’er who can’t figure out how to survive in this EVIL capitalist system.

You assert I am on the wrong side

Absolutely…

tell me, why would the elites and banks want to pay more in taxes? Our be subject to reasonable regulations that will prevent them from betting the entire US economy
on more junk financial products.

You don’t have a damn clue what the difference is between corporate tax and capital gains!

You really need to stop falling for their stuff. You think I AM BRAINWASHED??

Do some homework, Jack Black!

reply to post by seabag
Speaking of entitlements, have you noticed how it is the government that feels entitled to our money?

They (and detractors here) are shocked when people want to keep their own money. They play games with figures, talk about "fair share" obfuscate meanings, but what it comes down to is this;
They feel that they are entitled to our money. When we want to keep it, the meme has become greed, selfish, and emerges with class warfare.

reply to post by mastahunta

yes they should have been prosecuted... As far as the bail out, I think the assets should
have been liquidated and returned to depositors.

Agreed. So there are a few bad apples in the banking industry. In fact there were many that have been prosecuted specifically for doing what you said and they were working for Chase Bank and guess who they were donating funds too? Barack Obama and the Democratic Party.

So if someone stole your belongings and you had a suspicion that this person stole from you. But before you called them on it they came to you and said they knew who stole it but they would need the insurance money you received because you were thoughtful and at least had insurance. Would you give him them the money? No cause thats just crazy right?

Now in this case the thieves were in the government and the tax payers were the insurance. So the thieves get away with everything and then do it again.

Point is, don't blame the banking system, cause thats just crazy.

Originally posted by seabag
reply to post by mastahunta

 

You alluded to some sort of plot on behalf of OWS's "handlers",
let's hear it.

Tell me how capital gains doesn’t affect EVERYONE that invests in retirement!!! TELL ME!!
You probably don’t care because you’re an OWS’er who can’t figure out how to survive in this EVIL capitalist system.

It does affect, when did I say it didn't? You are grabbing a very small piece of real estate
with this particular argument and I have no idea what your point is...

You don’t have a damn clue what the difference is between corporate tax and capital gains!

You really need to stop falling for their stuff. You think I AM BRAINWASHED??

Do some homework, Jack Black!

All hail the banks at your home I guess, do you have your flag ornamented with corporate logos
too?

You are so informed, you don't even realize that millionaires use the tax code to retain
taxable income.

You are brainwashed man, you are doing the banks work free of charge, even though they
pay billions to professional marketers to spread the same economic ideas you harbor and
preach.

reply to post by alonzo730

I made some money a few years back from some money that I had invested, and at the end of the year I wanted to pay taxes on it. It made me laugh when I started filling out the form, the standard personal deduction for capital gains was $125,000. I didn't have to pay any tax. Who's going to pay for the Bush tax cuts. You and me. That's class warfare when you take from the poor and give it to the rich.

This is what I've seen...dispute it with references if you can.

The 5% and 0% long-term capital gains rates will only apply when the total taxable income of the taxpayer(s), INCLUDING the capital gain income, does not exceed the maximum income to qualify for the 15% income tax bracket, with any gain exceeding that threshold taxed at 15%. For the year 2005, the maximum total taxable income to remain in the 15% tax bracket was $59,400 on a joint tax return, and $29,700 for single filers.

link

Which is to say, your TOTAL HOUSEHOLD INCOME including cap gains (I’ll use the married number because I don’t want to embarrass you) was less than $59,400 TOTAL then you can pay 0% cap gains. Generally speaking, if you are married and make less than $59,400 you are probably not investing much, and if you are you certainly haven't invested enough to draw a lot of cap gains (I've drawn no cap gains in my life).

So for the rest of us….the rate is 15% on cap gains.

Here's how they F@#$ us:

An example will tell the sordid story. Suppose a couple living in South Dakota (which has no state income tax) have ordinary income in 2005 of $59,400 from wages, etc., and then on December 25, 2005, they realize a marvelous $100,000 profit on the sale of an investment they owned for more than one year. Since their $59,400 income less the standard deduction and the exemption deduction, is below the $59,400 threshold, they are in the 15% tax bracket. Based upon the hype from the folks in Washington, the belief of these loyal taxpayers would be that that the 5% tax on the $100,000 long-term capital gain would be $5,000, leaving them $95,000 to enjoy. WRONG!

The government does not see it that way and wants a bigger bite out of the taxpayers' apple. Our taxing authorities will require that our unsuspecting taxpayers pay $13,360 on that gain, a tax rate of 13.36%, rather than the 5% the taxpayers anticipated. At least it is still below the maximum capital gains rate of 15%, but not by much. How does this tax gouging happen?

Well, remember that $59,400 threshold mentioned earlier, it comes into play when taxes are calculated. The difference between that $59,400 maximum and our taxpayers' $59,400 of income less the standard deduction of $10,000 and less the exemption deduction of $6,400 is $16,400. This $16,400 is the ONLY portion of the capital gain that benefits from that 5% tax rate. The remainder of the capital gain is taxed at the 15% capital gain tax rate.

So, we have the 5% tax of $820 on the $16,400, and then the 15% tax of $12,540 on the remaining $83,600 ($100,000 less $16,400), for a total tax of $13,360 on the gain. Slick!

The same calculation would occur if a person, such as a child, had no other income except for capital gains. Only the portion of the gain up to the maximum income threshold of 15% tax bracket would benefit from the lower tax rate, with the remainder taxed at 15%.

link

Originally posted by thehoneycomb
reply to post by mastahunta

 

yes they should have been prosecuted... As far as the bail out, I think the assets should
have been liquidated and returned to depositors.

Agreed. So there are a few bad apples in the banking industry. In fact there were many that have been prosecuted specifically for doing what you said and they were working for Chase Bank and guess who they were donating funds too? Barack Obama and the Democratic Party.

So if someone stole your belongings and you had a suspicion that this person stole from you. But before you called them on it they came to you and said they knew who stole it but they would need the insurance money you received because you were thoughtful and at least had insurance. Would you give him them the money? No cause thats just crazy right?

Now in this case the thieves were in the government and the tax payers were the insurance. So the thieves get away with everything and then do it again.

Point is, don't blame the banking system, cause thats just crazy.

You should reevaluate your position and blame the banking system squarely.

The bankers created the rules and regulations, lobbied the politicians
, funded the politicians careers and instituted the strategies.

Do you realize that the bankers actually sat around tables planning this?

I really cannot understand why you are so soft on them, I mean if three men
plotted to rob your home, burn your family partially, ransom them and then
sell their parts to organ shoppes in India, would you blame the police?

Originally posted by beezzer
reply to post by seabag

 

Speaking of entitlements, have you noticed how it is the government that feels entitled to our money?

They (and detractors here) are shocked when people want to keep their own money. They play games with figures, talk about "fair share" obfuscate meanings, but what it comes down to is this;
They feel that they are entitled to our money. When we want to keep it, the meme has become greed, selfish, and emerges with class warfare.

It has little to do with you Beezzer, it has to do with the greed that has been
used to fleece this nation of wealth and jobs.

You are right, the corporations and elite businessmen feel entitled to our money,
they should pay their way, not just extract all the wealth from the US to invest
it in China, wake up...

You pay for their tax reductions, in leu of them paying, you pay, not too smart.

Originally posted by mastahunta

Originally posted by beezzer
reply to post by seabag

 

Speaking of entitlements, have you noticed how it is the government that feels entitled to our money?

They (and detractors here) are shocked when people want to keep their own money. They play games with figures, talk about "fair share" obfuscate meanings, but what it comes down to is this;
They feel that they are entitled to our money. When we want to keep it, the meme has become greed, selfish, and emerges with class warfare.

It has little to do with you Beezzer, it has to do with the greed that has been
used to fleece this nation of wealth and jobs.

You are right, the corporations and elite businessmen feel entitled to our money,
they should pay their way, not just extract all the wealth from the US to invest
it in China, wake up...

You pay for their tax reductions, in leu of them paying, you pay, not too smart.

edit on 26-1-2012 by mastahunta because: (no reason given)

Government spends money that is not theirs.
When they are done, they demand more.

They provide minimum service at maximum cost. Government is inefficient, wasteful and greedy.
Paint roses on a dog turd all you want.

You'll still end up smells like. . . . . .

Originally posted by Maluhia
reply to post by mastahunta

 

it is more lucrative to do nothing than it is to work.

I hope you're referring to the Kardashians because I can't think of another case where your statement applies. Perhaps you can enlighten me.

Off topic post but your avatar is the greatest picture I've ever seen in my life.

Originally posted by beezzer

Originally posted by mastahunta

Originally posted by beezzer
reply to post by seabag

 

Speaking of entitlements, have you noticed how it is the government that feels entitled to our money?

They (and detractors here) are shocked when people want to keep their own money. They play games with figures, talk about "fair share" obfuscate meanings, but what it comes down to is this;
They feel that they are entitled to our money. When we want to keep it, the meme has become greed, selfish, and emerges with class warfare.

It has little to do with you Beezzer, it has to do with the greed that has been
used to fleece this nation of wealth and jobs.

You are right, the corporations and elite businessmen feel entitled to our money,
they should pay their way, not just extract all the wealth from the US to invest
it in China, wake up...

You pay for their tax reductions, in leu of them paying, you pay, not too smart.

edit on 26-1-2012 by mastahunta because: (no reason given)

Government spends money that is not theirs.
When they are done, they demand more.

They provide minimum service at maximum cost. Government is inefficient, wasteful and greedy.
Paint roses on a dog turd all you want.

You'll still end up smells like. . . . . .

All that aside,

the elite business men of the world will use you and your ideas to extract all the money from this
nation, people like you and me and then invest those gains in a cheaper, flowering market
which will work tirelessly to conquer this country. This is a newer practice and it will eliminate
the lifestyle we cultivate unless we are recognize that the best business model available is
horrible for Americans and America

reply to post by seabag


The answer to your question is simple.. The war machine needs money to kill and when it kills, it makes money. The people don't want war, sure.. Tax them on another avenue...

I say bring on the anti christ and NWO, bring on a one world state with ONE currency. That way we will be able to destroy their monarchy.

Originally posted by MCJustJ

Originally posted by Maluhia
reply to post by mastahunta

 

it is more lucrative to do nothing than it is to work.

I hope you're referring to the Kardashians because I can't think of another case where your statement applies. Perhaps you can enlighten me.

Off topic post but your avatar is the greatest picture I've ever seen in my life.

If that is directed at me, a lot of it has to do with the folks at Sears who provided the
lighting. You can't tell, but I am hiding an arm load of female phone numbers I accumulated
while waiting in line for this very photo. It is hard being this sexy,but hair and pleather are
highly under rated.

Originally posted by mastahunta

All that aside,

the elite business men of the world will use you and your ideas to extract all the money from this
nation, people like you and me and then invest those gains in a cheaper, flowering market
which will work tirelessly to conquer this country. This is a newer practice and it will eliminate
the lifestyle we cultivate unless we are recognize that the best business model available is
horrible for Americans and America

edit on 26-1-2012 by mastahunta because: (no reason given)

No. Not all that aside. This topic is about the governrment pushing the class warfare meme. They want more money. They will do whatever it takes to secure more money.

You see government as Santa. Kind, benevolent, and there to absolve you of any responsibility.

I see government like a prostate exam.
Painful, intrusive, uncomfortable, but sometimes necessary.

You defend class warfare by attacking business. Profit. Free market.

It just doesn't work. At least it doesn't for people who don't think like sheep.

reply to post by mastahunta

All hail the banks at your home I guess, do you have your flag ornamented with corporate logos
too?

You are so informed, you don't even realize that millionaires use the tax code to retain
taxable income.

You are brainwashed man, you are doing the banks work free of charge, even though they
pay billions to professional marketers to spread the same economic ideas you harbor and
preach.

YAWN….

Dude, you need to read my posts in this thread a few times while you’re sober; they will make more sense.

Before you re-read them, try to clear your mind of the garbage you’ve retained from your OWS street parties.

The tax rate is 15% on EVRYONE WHO INVESTS and earns a living, and that's on top of your income tax. Conspiracy theories become bogus once they are disproven. Obama is perpetuating a lie!!

Originally posted by seabag

The tax rate is 15% on EVRYONE WHO INVESTS and earns a living, and that's on top of your income tax. Conspiracy theories become bogus once they are disproven. Obama is perpetuating a lie!!

edit on 26-1-2012 by seabag because: (no reason given)

Answer me this sir.
I used your quote above to base my question on.

How is this Class warfare , when you so correctly point out, Everyone will pay this Tax?