Actually, I’m pretty happy these days. Originally, I was pretty pissed that Obama’s proposed tax law “for the wealthy” would only be screwing my family. It turns out especially with this bailout bill, the impeding crisis in our social security, and state levels, and no clear sign obama is gonna pull out of the war, and Biden’s pledge not to reduce social security retire benefits to the baby boomers, all it means is he and a Democrat congress is gonna end up sticking it to everyone, including all you singles that make $100k +-10k, so relatively, speaking everyone’s going to get shafted. But that’s all that matters, as long as everyone is equally opportunity shafted, I’m no longer gonna complain about this tax on the “wealthy”.
I think pretty soon, everyone’s gonna feel it…Yes, even you stockstrader, who is up 29% in the stock market, who can look forward to seeing that nice 29% gain in short term trading appear taxed as income, which will nicely bump you up to the higher bracket:)..And everyone is gonna be pissed, because you’ll find out most of this money will be spent as before on government waste and bailout bills that will go nowhere…
Also, I’m happy a lot of the small business taxes breaks are most likely going to be preserved now that we’re in this shithole of an economy. As of now, I can legitimately report losses for 3 new businesses we’ve started over the next 3 years, which is approximately how long the next administration will last.
Time to start talking to your CPA’s people. It’s time to start acting poor.
You know, I feel kinda weird these days. I’m actually pretty jovial despite all the crap that’s happening in the financial markets. People seem so much more nicer when the economy is in the shitcan.
I should stop inhaling so much i guess 🙂
