OT: Unbiased analysis of Obama and McCain tax plans

[an]

[quote=TheBreeze]Oh yeah, I forgot to mention that oil went from $40 to $140 under President Chimpy. What a complete disaster that guy was.[/quote]
Same can be spin to say it went up because we had a Democrat controlled congress. Last I check, the decline $ is one of the main cause for investor to flock to commodities. Do you really think the President have control over the $? Last I check, the FED is an independent entity. Lowering interest rates over 300 points will do a pretty good number on the $.

[Aecetia]

Good point on the Fed asianautica!

The spin stops here:

http://www.rockymountainnews.com/news/2008/may/15/panel-defeats-attempt-end-oil-shale-moratorium/

“Sometimes, I swear, when I see what our tax dollars get us in Congress, I feel like asking for my money back. But, other times, I find myself thinking that the laughs those clowns provide us nearly, but not quite, make up for their incompetence, hypocrisy and mendacity… Recently, I got my year’s quota of laughs when Congress decided to grill oil company executives because, I guess, the price of gas was higher than it had been in 1958. There’s nothing that rich, pampered politicians like better than putting rich, pampered business executives on the hot seat… at least until they have to go, hat in hand, to grovel for campaign contributions. I actually found myself sympathizing with the executives because they pretty much had to sit there and take it. God forbid they opened their yaps and pointed out that we’d not only have cheaper gas, but not have to toady to the Arabs, the Russians and Hugo Chavez, if these same politicians would quit caving in to the environmental fascists and allowed American oil companies to drill in Anwar, in the Dakotas and in the deep blue sea. It would also be a good idea if we finally began using nuclear power in a big way. Heck, if France can do it without turning Paris into Chernobyl, it can’t be that hard. In the meantime, thanks to these buffoons, I’m stuck paying $4.15-a-gallon for regular.” —Burt Prelutsky

[Aecetia]

Good point on the Fed asianautica!

The spin stops here:

http://www.rockymountainnews.com/news/2008/may/15/panel-defeats-attempt-end-oil-shale-moratorium/

“Sometimes, I swear, when I see what our tax dollars get us in Congress, I feel like asking for my money back. But, other times, I find myself thinking that the laughs those clowns provide us nearly, but not quite, make up for their incompetence, hypocrisy and mendacity… Recently, I got my year’s quota of laughs when Congress decided to grill oil company executives because, I guess, the price of gas was higher than it had been in 1958. There’s nothing that rich, pampered politicians like better than putting rich, pampered business executives on the hot seat… at least until they have to go, hat in hand, to grovel for campaign contributions. I actually found myself sympathizing with the executives because they pretty much had to sit there and take it. God forbid they opened their yaps and pointed out that we’d not only have cheaper gas, but not have to toady to the Arabs, the Russians and Hugo Chavez, if these same politicians would quit caving in to the environmental fascists and allowed American oil companies to drill in Anwar, in the Dakotas and in the deep blue sea. It would also be a good idea if we finally began using nuclear power in a big way. Heck, if France can do it without turning Paris into Chernobyl, it can’t be that hard. In the meantime, thanks to these buffoons, I’m stuck paying $4.15-a-gallon for regular.” —Burt Prelutsky

[Aecetia]

Good point on the Fed asianautica!

The spin stops here:

http://www.rockymountainnews.com/news/2008/may/15/panel-defeats-attempt-end-oil-shale-moratorium/

“Sometimes, I swear, when I see what our tax dollars get us in Congress, I feel like asking for my money back. But, other times, I find myself thinking that the laughs those clowns provide us nearly, but not quite, make up for their incompetence, hypocrisy and mendacity… Recently, I got my year’s quota of laughs when Congress decided to grill oil company executives because, I guess, the price of gas was higher than it had been in 1958. There’s nothing that rich, pampered politicians like better than putting rich, pampered business executives on the hot seat… at least until they have to go, hat in hand, to grovel for campaign contributions. I actually found myself sympathizing with the executives because they pretty much had to sit there and take it. God forbid they opened their yaps and pointed out that we’d not only have cheaper gas, but not have to toady to the Arabs, the Russians and Hugo Chavez, if these same politicians would quit caving in to the environmental fascists and allowed American oil companies to drill in Anwar, in the Dakotas and in the deep blue sea. It would also be a good idea if we finally began using nuclear power in a big way. Heck, if France can do it without turning Paris into Chernobyl, it can’t be that hard. In the meantime, thanks to these buffoons, I’m stuck paying $4.15-a-gallon for regular.” —Burt Prelutsky

[Aecetia]

Good point on the Fed asianautica!

The spin stops here:

http://www.rockymountainnews.com/news/2008/may/15/panel-defeats-attempt-end-oil-shale-moratorium/

“Sometimes, I swear, when I see what our tax dollars get us in Congress, I feel like asking for my money back. But, other times, I find myself thinking that the laughs those clowns provide us nearly, but not quite, make up for their incompetence, hypocrisy and mendacity… Recently, I got my year’s quota of laughs when Congress decided to grill oil company executives because, I guess, the price of gas was higher than it had been in 1958. There’s nothing that rich, pampered politicians like better than putting rich, pampered business executives on the hot seat… at least until they have to go, hat in hand, to grovel for campaign contributions. I actually found myself sympathizing with the executives because they pretty much had to sit there and take it. God forbid they opened their yaps and pointed out that we’d not only have cheaper gas, but not have to toady to the Arabs, the Russians and Hugo Chavez, if these same politicians would quit caving in to the environmental fascists and allowed American oil companies to drill in Anwar, in the Dakotas and in the deep blue sea. It would also be a good idea if we finally began using nuclear power in a big way. Heck, if France can do it without turning Paris into Chernobyl, it can’t be that hard. In the meantime, thanks to these buffoons, I’m stuck paying $4.15-a-gallon for regular.” —Burt Prelutsky

[Aecetia]

Good point on the Fed asianautica!

The spin stops here:

http://www.rockymountainnews.com/news/2008/may/15/panel-defeats-attempt-end-oil-shale-moratorium/

“Sometimes, I swear, when I see what our tax dollars get us in Congress, I feel like asking for my money back. But, other times, I find myself thinking that the laughs those clowns provide us nearly, but not quite, make up for their incompetence, hypocrisy and mendacity… Recently, I got my year’s quota of laughs when Congress decided to grill oil company executives because, I guess, the price of gas was higher than it had been in 1958. There’s nothing that rich, pampered politicians like better than putting rich, pampered business executives on the hot seat… at least until they have to go, hat in hand, to grovel for campaign contributions. I actually found myself sympathizing with the executives because they pretty much had to sit there and take it. God forbid they opened their yaps and pointed out that we’d not only have cheaper gas, but not have to toady to the Arabs, the Russians and Hugo Chavez, if these same politicians would quit caving in to the environmental fascists and allowed American oil companies to drill in Anwar, in the Dakotas and in the deep blue sea. It would also be a good idea if we finally began using nuclear power in a big way. Heck, if France can do it without turning Paris into Chernobyl, it can’t be that hard. In the meantime, thanks to these buffoons, I’m stuck paying $4.15-a-gallon for regular.” —Burt Prelutsky

[luchabee]

As a Gen-X attorney, the problem with the fed and CA legislatures are that too many of them are liberal, baby-boomer attorneys who can’t balance their own check book, let alone the peoples’ checkbook. What we need are CPAs in Congress!

More significant, this has always been identified as a problem with democracy . . . pass the fiscal pain down to the next generation. We are literally spending ourselves into oblivion–whether it is social security, medicare, prescription drugs, calls for a national healthcare system, education, or infrastructure and social spending. The war, you ask? A drop in the bucket. That is why I laugh at calls for a national healthcare plan . . . at this rate, it will last a few years and then will plumet into insolvency like the other programs.

I’d vote for a dictatorship of bean-counting CPAs over both parties. They have mortgaged the future for generations to come. We now have a subprime government.

[luchabee]

As a Gen-X attorney, the problem with the fed and CA legislatures are that too many of them are liberal, baby-boomer attorneys who can’t balance their own check book, let alone the peoples’ checkbook. What we need are CPAs in Congress!

More significant, this has always been identified as a problem with democracy . . . pass the fiscal pain down to the next generation. We are literally spending ourselves into oblivion–whether it is social security, medicare, prescription drugs, calls for a national healthcare system, education, or infrastructure and social spending. The war, you ask? A drop in the bucket. That is why I laugh at calls for a national healthcare plan . . . at this rate, it will last a few years and then will plumet into insolvency like the other programs.

I’d vote for a dictatorship of bean-counting CPAs over both parties. They have mortgaged the future for generations to come. We now have a subprime government.

[luchabee]

As a Gen-X attorney, the problem with the fed and CA legislatures are that too many of them are liberal, baby-boomer attorneys who can’t balance their own check book, let alone the peoples’ checkbook. What we need are CPAs in Congress!

More significant, this has always been identified as a problem with democracy . . . pass the fiscal pain down to the next generation. We are literally spending ourselves into oblivion–whether it is social security, medicare, prescription drugs, calls for a national healthcare system, education, or infrastructure and social spending. The war, you ask? A drop in the bucket. That is why I laugh at calls for a national healthcare plan . . . at this rate, it will last a few years and then will plumet into insolvency like the other programs.

I’d vote for a dictatorship of bean-counting CPAs over both parties. They have mortgaged the future for generations to come. We now have a subprime government.

[luchabee]

As a Gen-X attorney, the problem with the fed and CA legislatures are that too many of them are liberal, baby-boomer attorneys who can’t balance their own check book, let alone the peoples’ checkbook. What we need are CPAs in Congress!

More significant, this has always been identified as a problem with democracy . . . pass the fiscal pain down to the next generation. We are literally spending ourselves into oblivion–whether it is social security, medicare, prescription drugs, calls for a national healthcare system, education, or infrastructure and social spending. The war, you ask? A drop in the bucket. That is why I laugh at calls for a national healthcare plan . . . at this rate, it will last a few years and then will plumet into insolvency like the other programs.

I’d vote for a dictatorship of bean-counting CPAs over both parties. They have mortgaged the future for generations to come. We now have a subprime government.

[luchabee]

As a Gen-X attorney, the problem with the fed and CA legislatures are that too many of them are liberal, baby-boomer attorneys who can’t balance their own check book, let alone the peoples’ checkbook. What we need are CPAs in Congress!

More significant, this has always been identified as a problem with democracy . . . pass the fiscal pain down to the next generation. We are literally spending ourselves into oblivion–whether it is social security, medicare, prescription drugs, calls for a national healthcare system, education, or infrastructure and social spending. The war, you ask? A drop in the bucket. That is why I laugh at calls for a national healthcare plan . . . at this rate, it will last a few years and then will plumet into insolvency like the other programs.

I’d vote for a dictatorship of bean-counting CPAs over both parties. They have mortgaged the future for generations to come. We now have a subprime government.

[CardiffBaseball]

[quote=marion]

I don’t agree with a flat tax rate. If you earn more, you should pay more taxes. A flat tax rate wouldn’t be good for our society because it would be no break for the poor.

[/quote]

Marion most flat tax proposals has anywhere from the first 35-50k people make not taxable. I’d say paying zero is a break.

Also once you factor in the amount of “free income” available, you’ll find the flat tax is also still progressive. i.e. let’s say the first 35k is free. You make 50k so we take away and 15k is taxed at 20% for simplicity.

You make 50k and 15k in taxable income so that is 3K in taxes.

The next guy makes 100k, subtract 35k and his taxable income is 65k of which 13k goes to the flat tax.

So you make 50k and pay 3k, while the next guy makes 100k, but pays in 13k instead of 6k. Do you see how the tax is still progressive?

[CardiffBaseball]

[quote=marion]

I don’t agree with a flat tax rate. If you earn more, you should pay more taxes. A flat tax rate wouldn’t be good for our society because it would be no break for the poor.

[/quote]

Marion most flat tax proposals has anywhere from the first 35-50k people make not taxable. I’d say paying zero is a break.

Also once you factor in the amount of “free income” available, you’ll find the flat tax is also still progressive. i.e. let’s say the first 35k is free. You make 50k so we take away and 15k is taxed at 20% for simplicity.

You make 50k and 15k in taxable income so that is 3K in taxes.

The next guy makes 100k, subtract 35k and his taxable income is 65k of which 13k goes to the flat tax.

So you make 50k and pay 3k, while the next guy makes 100k, but pays in 13k instead of 6k. Do you see how the tax is still progressive?

[CardiffBaseball]

[quote=marion]

I don’t agree with a flat tax rate. If you earn more, you should pay more taxes. A flat tax rate wouldn’t be good for our society because it would be no break for the poor.

[/quote]

Marion most flat tax proposals has anywhere from the first 35-50k people make not taxable. I’d say paying zero is a break.

Also once you factor in the amount of “free income” available, you’ll find the flat tax is also still progressive. i.e. let’s say the first 35k is free. You make 50k so we take away and 15k is taxed at 20% for simplicity.

You make 50k and 15k in taxable income so that is 3K in taxes.

The next guy makes 100k, subtract 35k and his taxable income is 65k of which 13k goes to the flat tax.

So you make 50k and pay 3k, while the next guy makes 100k, but pays in 13k instead of 6k. Do you see how the tax is still progressive?

[CardiffBaseball]

[quote=marion]

I don’t agree with a flat tax rate. If you earn more, you should pay more taxes. A flat tax rate wouldn’t be good for our society because it would be no break for the poor.

[/quote]

Marion most flat tax proposals has anywhere from the first 35-50k people make not taxable. I’d say paying zero is a break.

Also once you factor in the amount of “free income” available, you’ll find the flat tax is also still progressive. i.e. let’s say the first 35k is free. You make 50k so we take away and 15k is taxed at 20% for simplicity.

You make 50k and 15k in taxable income so that is 3K in taxes.

The next guy makes 100k, subtract 35k and his taxable income is 65k of which 13k goes to the flat tax.

So you make 50k and pay 3k, while the next guy makes 100k, but pays in 13k instead of 6k. Do you see how the tax is still progressive?

[Author]

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