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This year, me and my company made 40 grand in profit, after deductions. And, you want me to pay more?
yeah! That's going to encourage small business growth.
BTW, what was your tax bill for 2010?
Call it what you want, but the end result is people/businesses will be paying more taxes. I can't afford to pay more taxes right now.
...In theory, the idea of a luxury tax on new boats costing more than $100,000 made perfect sense to the politicians who came up with it.
In practice, the luxury tax stinks.
``The tax took aim at the rich and hit the little guy right in the wallet,`` said Congressman E. Clay Shaw Jr., R-Fort Lauderdale.
The luxury tax was a last-minute addition to a federal budget deficit reduction bill passed last October. The tax was supposed to raise about $3 million this year. What its proponents never considered was that the tax would put people out of work. The loss of corporate and income taxes, along with unemployment compensation, could add up to $60 million....
Your argument can be an attack at someone who just wants to get rid of loopholes, but I want to lower the whole code and simplify it.
We haven't seen a comprehensive medicare reform from Obama yet because it's still in deliberation. He has admitted publicly it needs to be cut, though he probably didn't use the word cut.
Yes. No company deserves a subsidy.
Its actually the conservatives that want people making $40K to pay more, they think that group is exempt from income tax. Most of the discussion on tax increases is aimed at persons/small business with [taxable/B] incomes (which only occurs on revenues or total income much in excess of that) north of $250K or $1M.
Well, you'll be happy to find out that I don't get any subsidies. Unless you're one of those clowns that thinks that taxing a company on it's gross revenue is actually a good idea.
Well, you'll be happy to find out that I don't get any subsidies. Unless you're one of those clowns that thinks that taxing a company on it's gross revenue is actually a good idea.
Not profitable? How do you figger that? I made a 20% profit in 2010; that's above the national average. So, where are you coming from, exactly?
And, no, my business doesn't make 40 g's a year. Wait, let me rephrase that: my business didn't only make 40 g's a year...before the Libbos took over the government and ****ed everything up.
I believe the only way we will get the government back to its proper role as servant instead of Master is to broaden the base so that everyone pays federal income taxes. After all, it is quite easy to be for tax rate increases when you are not paying any taxes at all. "I won't tax you. You won't tax me. Let's go tax that rich, white guy behind the tree."That's right. There's no doubt the highest tax bracket should go back up, but that's not even the point of this discussion. They won't agree to cut subsidies or loopholes.
I believe the only way we will get the government back to its proper role as servant instead of Master is to broaden the base so that everyone pays federal income taxes. After all, it is quite easy to be for tax rate increases when you are not paying any taxes at all. "I won't tax you. You won't tax me. Let's go tax that rich, white guy behind the tree."
On Capitol Hill this year, one of President Obama’s most troublesome critics has been Senator Obama.
President Obama, for instance, wants Congress to raise the national debt limit. But his opponents have brought up a statement that then-Sen. Barack Obama made in 2006: The first-term Democrat representing Illinois said that merely debating a debt-limit increase was “a sign of leadership failure.”
President Obama now insists that he had the right to dispatch U.S. forces to the conflict in Libya without authorization from Congress. Critics have noted that Sen. Obama seemed to feel differently about the proper use of military force in 2007.
Rep. Dennis J. Kucinich (D-Ohio) even carries a quote from Sen. Obama in his pocket, to show people who don’t believe it.
“The president does not have power under the Constitution to unilaterally authorize a military attack in a situation that does not involve stopping an actual or imminent threat to the nation,” Obama said four years ago.
The past is always an occupational hazard for presidents, who find themselves disowning statements they made when they were candidates or legislators embroiled in partisan fights.
But Obama seems to have gotten himself into unusually hot water this year. In three different battles, his own words have become weapons for both Democrats and Republicans.
Asked about the apparent contradictions last week, a White House spokesman said that “the president has already explained his position on each of these issues, and we will let those responses speak for themselves.”
On the debt ceiling, Obama has said his past position was a mistake. Moreover, he has called on Republicans not to make the same mistake.
You consider Ryan's plan to be fiscally conservative? obama's deficit commission reduction plan is more fiscally conservative than Ryan's lets borrow for 10 years in gigantic numbers and icnrease the debt, then have a balanced budget in 2051!!
If your gross income was only $40K/annual, then I'M NOT REFERRING TO YOUR TAXES BEING RAISED! $40/K a year is not what I'd classify as being wealthy. As a small business owner, your gross income is no more than my annual salary. So, neither of us can afford a tax increase. In effect, you're part of the middle-class - the very group President Obama has advocated for - IS advocating for - from Day-1!!! As such, I'm amazed that you of all people have been so vehemently opposed to him and his policies.
I realize you're a small-business owner and you've got different issues to deal with than the every-day working man, but the President's tax policies have been pro-small business/pro-middle-class. Moreover, the tax threshold he has continuously referred to would only apply to those making +$250K. So, I'm quite puzzled by your perception of him.
Then why is Obama ignoring his own deficit commission ???
Then why is Obama ignoring his own deficit commission ???
He also ignored his attorneys about Libya. He is full-on Rogue. I bet he nukes the crap outa Iran next.
Debt ceiling: Key Republican bolts debt ceiling talks - Jun. 23, 2011
I'm sorry but this is absolutely ridiculous. Democrats control the senate and the White House. That's 2/3. You guys control 1. We already have agreed to cutting medicare and other entitlements, and you won't even give us tax increases in the form of cutting loopholes and subsidies? Is the GOP kidding?
Because Biden has been involved in every single deficit reduction bill for the past 35 years he's been a senator.
And again, this isn't about raising taxes. It's about closing loopholes. Stop being stupid & read the topic.
I agree and im a republican...they refuse to cut the billions in subsidies that corporations recieve and instead want tax cuts for only the richest americans and corporations....subsidize them and give them tax cuts....whats wrong with this picture
And again, this isn't about raising taxes. It's about closing loopholes.
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