[luchabee]

[quote=SK in CV][quote=luchabee]

You can’t be serious with this post. This is my favorite quote:

“So far there has been nothing more than ideas floated about higher payroll taxes, limits on charitable deductions, phaseouts for other deductions, limitation of home mortgage interest deduction (which I think would be a very good thing for real estate). No bills even in committee.”

I’m an attorney who works on tax issues all day, and carefully follow tax policy, and if the liberal party leaders/Obama do what they say, we’ll have a boat load of new taxes and regulation, whether cap and tax, higher CG taxes, deduction caps, adjusted phaseouts, etc. The AMT comment was to show the myopic examination of the impact of federal taxes on high-income earners in your article. Simply not an apples to apples comparison, by any stretch.

And if you think the blue dog Democrats will fight Obama and Democrat party leaders, perhaps. However, they’ll vote for enough of these to undercut the US economy at its weakest period in decades as witnessed with cap and trade.

As a die-hard party supporter, if you think this is the road to revive the US economy, best of luck in the mid-terms.

In fact, if I were trying, I couldn’t design a better plan to kill the Democrat’s electoral prospects in 2010. How quickly the Democrats have forgotten their mantra; it’s the economy stupid. These taxes and new regulations will be a rapid poison going through the system. Job creation in this environment? No chance.[/quote]

I’m not kidding at all. And we’re in the same business. (though I’m mostly retired from that now.)

How many of them have come up for a vote in committee? How many have come up for a vote in either house? How many specific recommendations for raising taxes have come from the white house? Not ideas floated, but specific recommendations.(you don’t have to answer if you don’t want to, we both know the answers.) Same with the silly predictions of confiscating guns and rounding up people in internment camps. Fear tactics without basis in reality.

I am not a die hard party supporter. Not by a long shot. But I also don’t buy the crap about lowering taxes strengthen the economy. There is simply no empirical evidence that it’s true. If anything it’s the opposite. It didn’t work for Reagan. Tax receipts went DOWN significantly after ERTA, TEFRA recovered about 1/3 of those losses and the other 7 were insignificant changes. And it didn’t work for Bush II. Nor is there any evidence that all higher taxes stifles the economy. Or that marginal taxes above a certain rate creates a disinsentive to work. No matter how hard the GOP clings to it, supply side economics is simply a failed economic theory. (Check the records, the stock market has done considerably better under democratic administrations than they have under republican administrations.)

The Dems may screw up for 2010. But it won’t be because of a health care bill. And it won’t be taxes. It’s more likely to be arrogance. And whatever it is, in order for the GOP to advance at all, it will have to be a massive screw up. Because the GOP has screwed the pooch so badly since the election, it’s base keeps shrinking. Just when I think it can’t get any worse, it does. The Sotomayor hearings are just the latest. (and as I said before, I don’t think that is a good thing.)[/quote]

We simply don’t live in the same reality (and I’m not judging your reality). So, I will not try to convince you that taxing individuals and businesses decreases economic activity and job creation.

In my reality, however, I have been thinking about starting two businesses, and hiring at least one employee, but I keep thinking of all the start-up costs and taxes in CA and I consistently lose my motivation to get going on it with a passion. However, that is just me, I’m sure. Maybe I’ll wait to get started in 2010 or so, after we see what pans out with the economy, healthcare, etc.

[luchabee]

[quote=SK in CV][quote=luchabee]

You can’t be serious with this post. This is my favorite quote:

“So far there has been nothing more than ideas floated about higher payroll taxes, limits on charitable deductions, phaseouts for other deductions, limitation of home mortgage interest deduction (which I think would be a very good thing for real estate). No bills even in committee.”

I’m an attorney who works on tax issues all day, and carefully follow tax policy, and if the liberal party leaders/Obama do what they say, we’ll have a boat load of new taxes and regulation, whether cap and tax, higher CG taxes, deduction caps, adjusted phaseouts, etc. The AMT comment was to show the myopic examination of the impact of federal taxes on high-income earners in your article. Simply not an apples to apples comparison, by any stretch.

And if you think the blue dog Democrats will fight Obama and Democrat party leaders, perhaps. However, they’ll vote for enough of these to undercut the US economy at its weakest period in decades as witnessed with cap and trade.

As a die-hard party supporter, if you think this is the road to revive the US economy, best of luck in the mid-terms.

In fact, if I were trying, I couldn’t design a better plan to kill the Democrat’s electoral prospects in 2010. How quickly the Democrats have forgotten their mantra; it’s the economy stupid. These taxes and new regulations will be a rapid poison going through the system. Job creation in this environment? No chance.[/quote]

I’m not kidding at all. And we’re in the same business. (though I’m mostly retired from that now.)

How many of them have come up for a vote in committee? How many have come up for a vote in either house? How many specific recommendations for raising taxes have come from the white house? Not ideas floated, but specific recommendations.(you don’t have to answer if you don’t want to, we both know the answers.) Same with the silly predictions of confiscating guns and rounding up people in internment camps. Fear tactics without basis in reality.

I am not a die hard party supporter. Not by a long shot. But I also don’t buy the crap about lowering taxes strengthen the economy. There is simply no empirical evidence that it’s true. If anything it’s the opposite. It didn’t work for Reagan. Tax receipts went DOWN significantly after ERTA, TEFRA recovered about 1/3 of those losses and the other 7 were insignificant changes. And it didn’t work for Bush II. Nor is there any evidence that all higher taxes stifles the economy. Or that marginal taxes above a certain rate creates a disinsentive to work. No matter how hard the GOP clings to it, supply side economics is simply a failed economic theory. (Check the records, the stock market has done considerably better under democratic administrations than they have under republican administrations.)

The Dems may screw up for 2010. But it won’t be because of a health care bill. And it won’t be taxes. It’s more likely to be arrogance. And whatever it is, in order for the GOP to advance at all, it will have to be a massive screw up. Because the GOP has screwed the pooch so badly since the election, it’s base keeps shrinking. Just when I think it can’t get any worse, it does. The Sotomayor hearings are just the latest. (and as I said before, I don’t think that is a good thing.)[/quote]

We simply don’t live in the same reality (and I’m not judging your reality). So, I will not try to convince you that taxing individuals and businesses decreases economic activity and job creation.

In my reality, however, I have been thinking about starting two businesses, and hiring at least one employee, but I keep thinking of all the start-up costs and taxes in CA and I consistently lose my motivation to get going on it with a passion. However, that is just me, I’m sure. Maybe I’ll wait to get started in 2010 or so, after we see what pans out with the economy, healthcare, etc.

[luchabee]

[quote=SK in CV][quote=luchabee]

You can’t be serious with this post. This is my favorite quote:

“So far there has been nothing more than ideas floated about higher payroll taxes, limits on charitable deductions, phaseouts for other deductions, limitation of home mortgage interest deduction (which I think would be a very good thing for real estate). No bills even in committee.”

I’m an attorney who works on tax issues all day, and carefully follow tax policy, and if the liberal party leaders/Obama do what they say, we’ll have a boat load of new taxes and regulation, whether cap and tax, higher CG taxes, deduction caps, adjusted phaseouts, etc. The AMT comment was to show the myopic examination of the impact of federal taxes on high-income earners in your article. Simply not an apples to apples comparison, by any stretch.

And if you think the blue dog Democrats will fight Obama and Democrat party leaders, perhaps. However, they’ll vote for enough of these to undercut the US economy at its weakest period in decades as witnessed with cap and trade.

As a die-hard party supporter, if you think this is the road to revive the US economy, best of luck in the mid-terms.

In fact, if I were trying, I couldn’t design a better plan to kill the Democrat’s electoral prospects in 2010. How quickly the Democrats have forgotten their mantra; it’s the economy stupid. These taxes and new regulations will be a rapid poison going through the system. Job creation in this environment? No chance.[/quote]

I’m not kidding at all. And we’re in the same business. (though I’m mostly retired from that now.)

How many of them have come up for a vote in committee? How many have come up for a vote in either house? How many specific recommendations for raising taxes have come from the white house? Not ideas floated, but specific recommendations.(you don’t have to answer if you don’t want to, we both know the answers.) Same with the silly predictions of confiscating guns and rounding up people in internment camps. Fear tactics without basis in reality.

I am not a die hard party supporter. Not by a long shot. But I also don’t buy the crap about lowering taxes strengthen the economy. There is simply no empirical evidence that it’s true. If anything it’s the opposite. It didn’t work for Reagan. Tax receipts went DOWN significantly after ERTA, TEFRA recovered about 1/3 of those losses and the other 7 were insignificant changes. And it didn’t work for Bush II. Nor is there any evidence that all higher taxes stifles the economy. Or that marginal taxes above a certain rate creates a disinsentive to work. No matter how hard the GOP clings to it, supply side economics is simply a failed economic theory. (Check the records, the stock market has done considerably better under democratic administrations than they have under republican administrations.)

The Dems may screw up for 2010. But it won’t be because of a health care bill. And it won’t be taxes. It’s more likely to be arrogance. And whatever it is, in order for the GOP to advance at all, it will have to be a massive screw up. Because the GOP has screwed the pooch so badly since the election, it’s base keeps shrinking. Just when I think it can’t get any worse, it does. The Sotomayor hearings are just the latest. (and as I said before, I don’t think that is a good thing.)[/quote]

We simply don’t live in the same reality (and I’m not judging your reality). So, I will not try to convince you that taxing individuals and businesses decreases economic activity and job creation.

In my reality, however, I have been thinking about starting two businesses, and hiring at least one employee, but I keep thinking of all the start-up costs and taxes in CA and I consistently lose my motivation to get going on it with a passion. However, that is just me, I’m sure. Maybe I’ll wait to get started in 2010 or so, after we see what pans out with the economy, healthcare, etc.

[luchabee]

[quote=SK in CV][quote=luchabee]

You can’t be serious with this post. This is my favorite quote:

“So far there has been nothing more than ideas floated about higher payroll taxes, limits on charitable deductions, phaseouts for other deductions, limitation of home mortgage interest deduction (which I think would be a very good thing for real estate). No bills even in committee.”

I’m an attorney who works on tax issues all day, and carefully follow tax policy, and if the liberal party leaders/Obama do what they say, we’ll have a boat load of new taxes and regulation, whether cap and tax, higher CG taxes, deduction caps, adjusted phaseouts, etc. The AMT comment was to show the myopic examination of the impact of federal taxes on high-income earners in your article. Simply not an apples to apples comparison, by any stretch.

And if you think the blue dog Democrats will fight Obama and Democrat party leaders, perhaps. However, they’ll vote for enough of these to undercut the US economy at its weakest period in decades as witnessed with cap and trade.

As a die-hard party supporter, if you think this is the road to revive the US economy, best of luck in the mid-terms.

In fact, if I were trying, I couldn’t design a better plan to kill the Democrat’s electoral prospects in 2010. How quickly the Democrats have forgotten their mantra; it’s the economy stupid. These taxes and new regulations will be a rapid poison going through the system. Job creation in this environment? No chance.[/quote]

I’m not kidding at all. And we’re in the same business. (though I’m mostly retired from that now.)

How many of them have come up for a vote in committee? How many have come up for a vote in either house? How many specific recommendations for raising taxes have come from the white house? Not ideas floated, but specific recommendations.(you don’t have to answer if you don’t want to, we both know the answers.) Same with the silly predictions of confiscating guns and rounding up people in internment camps. Fear tactics without basis in reality.

I am not a die hard party supporter. Not by a long shot. But I also don’t buy the crap about lowering taxes strengthen the economy. There is simply no empirical evidence that it’s true. If anything it’s the opposite. It didn’t work for Reagan. Tax receipts went DOWN significantly after ERTA, TEFRA recovered about 1/3 of those losses and the other 7 were insignificant changes. And it didn’t work for Bush II. Nor is there any evidence that all higher taxes stifles the economy. Or that marginal taxes above a certain rate creates a disinsentive to work. No matter how hard the GOP clings to it, supply side economics is simply a failed economic theory. (Check the records, the stock market has done considerably better under democratic administrations than they have under republican administrations.)

The Dems may screw up for 2010. But it won’t be because of a health care bill. And it won’t be taxes. It’s more likely to be arrogance. And whatever it is, in order for the GOP to advance at all, it will have to be a massive screw up. Because the GOP has screwed the pooch so badly since the election, it’s base keeps shrinking. Just when I think it can’t get any worse, it does. The Sotomayor hearings are just the latest. (and as I said before, I don’t think that is a good thing.)[/quote]

We simply don’t live in the same reality (and I’m not judging your reality). So, I will not try to convince you that taxing individuals and businesses decreases economic activity and job creation.

In my reality, however, I have been thinking about starting two businesses, and hiring at least one employee, but I keep thinking of all the start-up costs and taxes in CA and I consistently lose my motivation to get going on it with a passion. However, that is just me, I’m sure. Maybe I’ll wait to get started in 2010 or so, after we see what pans out with the economy, healthcare, etc.

[luchabee]

[quote=SK in CV][quote=luchabee]

You can’t be serious with this post. This is my favorite quote:

“So far there has been nothing more than ideas floated about higher payroll taxes, limits on charitable deductions, phaseouts for other deductions, limitation of home mortgage interest deduction (which I think would be a very good thing for real estate). No bills even in committee.”

I’m an attorney who works on tax issues all day, and carefully follow tax policy, and if the liberal party leaders/Obama do what they say, we’ll have a boat load of new taxes and regulation, whether cap and tax, higher CG taxes, deduction caps, adjusted phaseouts, etc. The AMT comment was to show the myopic examination of the impact of federal taxes on high-income earners in your article. Simply not an apples to apples comparison, by any stretch.

And if you think the blue dog Democrats will fight Obama and Democrat party leaders, perhaps. However, they’ll vote for enough of these to undercut the US economy at its weakest period in decades as witnessed with cap and trade.

As a die-hard party supporter, if you think this is the road to revive the US economy, best of luck in the mid-terms.

In fact, if I were trying, I couldn’t design a better plan to kill the Democrat’s electoral prospects in 2010. How quickly the Democrats have forgotten their mantra; it’s the economy stupid. These taxes and new regulations will be a rapid poison going through the system. Job creation in this environment? No chance.[/quote]

I’m not kidding at all. And we’re in the same business. (though I’m mostly retired from that now.)

How many of them have come up for a vote in committee? How many have come up for a vote in either house? How many specific recommendations for raising taxes have come from the white house? Not ideas floated, but specific recommendations.(you don’t have to answer if you don’t want to, we both know the answers.) Same with the silly predictions of confiscating guns and rounding up people in internment camps. Fear tactics without basis in reality.

I am not a die hard party supporter. Not by a long shot. But I also don’t buy the crap about lowering taxes strengthen the economy. There is simply no empirical evidence that it’s true. If anything it’s the opposite. It didn’t work for Reagan. Tax receipts went DOWN significantly after ERTA, TEFRA recovered about 1/3 of those losses and the other 7 were insignificant changes. And it didn’t work for Bush II. Nor is there any evidence that all higher taxes stifles the economy. Or that marginal taxes above a certain rate creates a disinsentive to work. No matter how hard the GOP clings to it, supply side economics is simply a failed economic theory. (Check the records, the stock market has done considerably better under democratic administrations than they have under republican administrations.)

The Dems may screw up for 2010. But it won’t be because of a health care bill. And it won’t be taxes. It’s more likely to be arrogance. And whatever it is, in order for the GOP to advance at all, it will have to be a massive screw up. Because the GOP has screwed the pooch so badly since the election, it’s base keeps shrinking. Just when I think it can’t get any worse, it does. The Sotomayor hearings are just the latest. (and as I said before, I don’t think that is a good thing.)[/quote]

We simply don’t live in the same reality (and I’m not judging your reality). So, I will not try to convince you that taxing individuals and businesses decreases economic activity and job creation.

In my reality, however, I have been thinking about starting two businesses, and hiring at least one employee, but I keep thinking of all the start-up costs and taxes in CA and I consistently lose my motivation to get going on it with a passion. However, that is just me, I’m sure. Maybe I’ll wait to get started in 2010 or so, after we see what pans out with the economy, healthcare, etc.

[luchabee]

[quote=SK in CV][quote=luchabee]
I think your comments made more of an anti-tax point than you intended . . . we had a great economy then. It is terrible now. So, let’s increase the marginal federal brackets to 39%? Also, of course, like most lefty examinations on these issues, there was an omission of other new proposed taxes: increased capital gains rates, payroll taxes, limits on charitable deductions, phaseouts for other deductions, limiting mortgage int. deduction, possible cap and trade taxes. Not to mention, the more pronounced impact of the alternate minimum tax.

Of course, we have liberal states like CA and NY passing new taxes whenever possible.

I used to think we were going to have decades of liberal government with Obama et. al. However, as I see it, they are so going to derail the economy with all of this regulation and taxation, they’ll be lucky to escape 2010 with anything intact. Hope and change doesn’t mean much when you don’t have a job.[/quote]

For 1, the top marginal tax will not go to 39%, it will go to 36.5%. (35% + 1.5% surcharge).

And no, it does not make an anti-tax point. Just the opposite. It proves that higher tax rates are not necessarily incompatible with a strong economy. (It does not, however, prove that higher taxes improve the economy, nor do lower taxes weaken the economy, it is simply correlative.)

I haven’t omitted any other “new” proposed tax increases because there aren’t any. Nor is there any evidence that there will be a more pronounced impact of alt min tax. That entire discussion of higher taxes is almost entirely a right-wing talking point, not based on reality. So far there has been nothing more than ideas floated about higher payroll taxes, limits on charitable deductions, phaseouts for other deductions, limitation of home mortgage interest deduction (which I think would be a very good thing for real estate). No bills even in committee. Most of them would not get the support of the blue dog dems anyway, and are unlikely to pass even if they did come up for a vote.

It seems to be getting more and more unlikely that the GOP will resurface as anything more than a regional party, regardless of what the Dems do. Their treatment of Sotomayor in her hearings have probably driven away the small percentage of hispanic votes they still had. The best thing that can happen for the democrats is the vote to go purely along party lines. They can’t win with nothing but old white men and the south. And I don’t think that’s a good thing.[/quote]

You can’t be serious with this post. This is my favorite quote:

“So far there has been nothing more than ideas floated about higher payroll taxes, limits on charitable deductions, phaseouts for other deductions, limitation of home mortgage interest deduction (which I think would be a very good thing for real estate). No bills even in committee.”

I’m an attorney who works on tax issues all day, and carefully follow tax policy, and if the liberal party leaders/Obama do what they say, we’ll have a boat load of new taxes and regulation, whether cap and tax, higher CG taxes, deduction caps, adjusted phaseouts, etc. The AMT comment was to show the myopic examination of the impact of federal taxes on high-income earners in your article. Simply not an apples to apples comparison, by any stretch.

And if you think the blue dog Democrats will fight Obama and Democrat party leaders, perhaps. However, they’ll vote for enough of these to undercut the US economy at its weakest period in decades as witnessed with cap and trade.

As a die-hard party supporter, if you think this is the road to revive the US economy, best of luck in the mid-terms.

In fact, if I were trying, I couldn’t design a better plan to kill the Democrat’s electoral prospects in 2010. How quickly the Democrats have forgotten their mantra; it’s the economy stupid. These taxes and new regulations will be a rapid poison going through the system. Job creation in this environment? No chance.

[luchabee]

[quote=SK in CV][quote=luchabee]
I think your comments made more of an anti-tax point than you intended . . . we had a great economy then. It is terrible now. So, let’s increase the marginal federal brackets to 39%? Also, of course, like most lefty examinations on these issues, there was an omission of other new proposed taxes: increased capital gains rates, payroll taxes, limits on charitable deductions, phaseouts for other deductions, limiting mortgage int. deduction, possible cap and trade taxes. Not to mention, the more pronounced impact of the alternate minimum tax.

Of course, we have liberal states like CA and NY passing new taxes whenever possible.

I used to think we were going to have decades of liberal government with Obama et. al. However, as I see it, they are so going to derail the economy with all of this regulation and taxation, they’ll be lucky to escape 2010 with anything intact. Hope and change doesn’t mean much when you don’t have a job.[/quote]

For 1, the top marginal tax will not go to 39%, it will go to 36.5%. (35% + 1.5% surcharge).

And no, it does not make an anti-tax point. Just the opposite. It proves that higher tax rates are not necessarily incompatible with a strong economy. (It does not, however, prove that higher taxes improve the economy, nor do lower taxes weaken the economy, it is simply correlative.)

I haven’t omitted any other “new” proposed tax increases because there aren’t any. Nor is there any evidence that there will be a more pronounced impact of alt min tax. That entire discussion of higher taxes is almost entirely a right-wing talking point, not based on reality. So far there has been nothing more than ideas floated about higher payroll taxes, limits on charitable deductions, phaseouts for other deductions, limitation of home mortgage interest deduction (which I think would be a very good thing for real estate). No bills even in committee. Most of them would not get the support of the blue dog dems anyway, and are unlikely to pass even if they did come up for a vote.

It seems to be getting more and more unlikely that the GOP will resurface as anything more than a regional party, regardless of what the Dems do. Their treatment of Sotomayor in her hearings have probably driven away the small percentage of hispanic votes they still had. The best thing that can happen for the democrats is the vote to go purely along party lines. They can’t win with nothing but old white men and the south. And I don’t think that’s a good thing.[/quote]

You can’t be serious with this post. This is my favorite quote:

“So far there has been nothing more than ideas floated about higher payroll taxes, limits on charitable deductions, phaseouts for other deductions, limitation of home mortgage interest deduction (which I think would be a very good thing for real estate). No bills even in committee.”

I’m an attorney who works on tax issues all day, and carefully follow tax policy, and if the liberal party leaders/Obama do what they say, we’ll have a boat load of new taxes and regulation, whether cap and tax, higher CG taxes, deduction caps, adjusted phaseouts, etc. The AMT comment was to show the myopic examination of the impact of federal taxes on high-income earners in your article. Simply not an apples to apples comparison, by any stretch.

And if you think the blue dog Democrats will fight Obama and Democrat party leaders, perhaps. However, they’ll vote for enough of these to undercut the US economy at its weakest period in decades as witnessed with cap and trade.

As a die-hard party supporter, if you think this is the road to revive the US economy, best of luck in the mid-terms.

In fact, if I were trying, I couldn’t design a better plan to kill the Democrat’s electoral prospects in 2010. How quickly the Democrats have forgotten their mantra; it’s the economy stupid. These taxes and new regulations will be a rapid poison going through the system. Job creation in this environment? No chance.

[luchabee]

[quote=SK in CV][quote=luchabee]
I think your comments made more of an anti-tax point than you intended . . . we had a great economy then. It is terrible now. So, let’s increase the marginal federal brackets to 39%? Also, of course, like most lefty examinations on these issues, there was an omission of other new proposed taxes: increased capital gains rates, payroll taxes, limits on charitable deductions, phaseouts for other deductions, limiting mortgage int. deduction, possible cap and trade taxes. Not to mention, the more pronounced impact of the alternate minimum tax.

Of course, we have liberal states like CA and NY passing new taxes whenever possible.

I used to think we were going to have decades of liberal government with Obama et. al. However, as I see it, they are so going to derail the economy with all of this regulation and taxation, they’ll be lucky to escape 2010 with anything intact. Hope and change doesn’t mean much when you don’t have a job.[/quote]

For 1, the top marginal tax will not go to 39%, it will go to 36.5%. (35% + 1.5% surcharge).

And no, it does not make an anti-tax point. Just the opposite. It proves that higher tax rates are not necessarily incompatible with a strong economy. (It does not, however, prove that higher taxes improve the economy, nor do lower taxes weaken the economy, it is simply correlative.)

I haven’t omitted any other “new” proposed tax increases because there aren’t any. Nor is there any evidence that there will be a more pronounced impact of alt min tax. That entire discussion of higher taxes is almost entirely a right-wing talking point, not based on reality. So far there has been nothing more than ideas floated about higher payroll taxes, limits on charitable deductions, phaseouts for other deductions, limitation of home mortgage interest deduction (which I think would be a very good thing for real estate). No bills even in committee. Most of them would not get the support of the blue dog dems anyway, and are unlikely to pass even if they did come up for a vote.

It seems to be getting more and more unlikely that the GOP will resurface as anything more than a regional party, regardless of what the Dems do. Their treatment of Sotomayor in her hearings have probably driven away the small percentage of hispanic votes they still had. The best thing that can happen for the democrats is the vote to go purely along party lines. They can’t win with nothing but old white men and the south. And I don’t think that’s a good thing.[/quote]

You can’t be serious with this post. This is my favorite quote:

“So far there has been nothing more than ideas floated about higher payroll taxes, limits on charitable deductions, phaseouts for other deductions, limitation of home mortgage interest deduction (which I think would be a very good thing for real estate). No bills even in committee.”

I’m an attorney who works on tax issues all day, and carefully follow tax policy, and if the liberal party leaders/Obama do what they say, we’ll have a boat load of new taxes and regulation, whether cap and tax, higher CG taxes, deduction caps, adjusted phaseouts, etc. The AMT comment was to show the myopic examination of the impact of federal taxes on high-income earners in your article. Simply not an apples to apples comparison, by any stretch.

And if you think the blue dog Democrats will fight Obama and Democrat party leaders, perhaps. However, they’ll vote for enough of these to undercut the US economy at its weakest period in decades as witnessed with cap and trade.

As a die-hard party supporter, if you think this is the road to revive the US economy, best of luck in the mid-terms.

In fact, if I were trying, I couldn’t design a better plan to kill the Democrat’s electoral prospects in 2010. How quickly the Democrats have forgotten their mantra; it’s the economy stupid. These taxes and new regulations will be a rapid poison going through the system. Job creation in this environment? No chance.

[luchabee]

[quote=SK in CV][quote=luchabee]
I think your comments made more of an anti-tax point than you intended . . . we had a great economy then. It is terrible now. So, let’s increase the marginal federal brackets to 39%? Also, of course, like most lefty examinations on these issues, there was an omission of other new proposed taxes: increased capital gains rates, payroll taxes, limits on charitable deductions, phaseouts for other deductions, limiting mortgage int. deduction, possible cap and trade taxes. Not to mention, the more pronounced impact of the alternate minimum tax.

Of course, we have liberal states like CA and NY passing new taxes whenever possible.

I used to think we were going to have decades of liberal government with Obama et. al. However, as I see it, they are so going to derail the economy with all of this regulation and taxation, they’ll be lucky to escape 2010 with anything intact. Hope and change doesn’t mean much when you don’t have a job.[/quote]

For 1, the top marginal tax will not go to 39%, it will go to 36.5%. (35% + 1.5% surcharge).

And no, it does not make an anti-tax point. Just the opposite. It proves that higher tax rates are not necessarily incompatible with a strong economy. (It does not, however, prove that higher taxes improve the economy, nor do lower taxes weaken the economy, it is simply correlative.)

I haven’t omitted any other “new” proposed tax increases because there aren’t any. Nor is there any evidence that there will be a more pronounced impact of alt min tax. That entire discussion of higher taxes is almost entirely a right-wing talking point, not based on reality. So far there has been nothing more than ideas floated about higher payroll taxes, limits on charitable deductions, phaseouts for other deductions, limitation of home mortgage interest deduction (which I think would be a very good thing for real estate). No bills even in committee. Most of them would not get the support of the blue dog dems anyway, and are unlikely to pass even if they did come up for a vote.

It seems to be getting more and more unlikely that the GOP will resurface as anything more than a regional party, regardless of what the Dems do. Their treatment of Sotomayor in her hearings have probably driven away the small percentage of hispanic votes they still had. The best thing that can happen for the democrats is the vote to go purely along party lines. They can’t win with nothing but old white men and the south. And I don’t think that’s a good thing.[/quote]

You can’t be serious with this post. This is my favorite quote:

“So far there has been nothing more than ideas floated about higher payroll taxes, limits on charitable deductions, phaseouts for other deductions, limitation of home mortgage interest deduction (which I think would be a very good thing for real estate). No bills even in committee.”

I’m an attorney who works on tax issues all day, and carefully follow tax policy, and if the liberal party leaders/Obama do what they say, we’ll have a boat load of new taxes and regulation, whether cap and tax, higher CG taxes, deduction caps, adjusted phaseouts, etc. The AMT comment was to show the myopic examination of the impact of federal taxes on high-income earners in your article. Simply not an apples to apples comparison, by any stretch.

And if you think the blue dog Democrats will fight Obama and Democrat party leaders, perhaps. However, they’ll vote for enough of these to undercut the US economy at its weakest period in decades as witnessed with cap and trade.

As a die-hard party supporter, if you think this is the road to revive the US economy, best of luck in the mid-terms.

In fact, if I were trying, I couldn’t design a better plan to kill the Democrat’s electoral prospects in 2010. How quickly the Democrats have forgotten their mantra; it’s the economy stupid. These taxes and new regulations will be a rapid poison going through the system. Job creation in this environment? No chance.

[luchabee]

[quote=SK in CV][quote=luchabee]
I think your comments made more of an anti-tax point than you intended . . . we had a great economy then. It is terrible now. So, let’s increase the marginal federal brackets to 39%? Also, of course, like most lefty examinations on these issues, there was an omission of other new proposed taxes: increased capital gains rates, payroll taxes, limits on charitable deductions, phaseouts for other deductions, limiting mortgage int. deduction, possible cap and trade taxes. Not to mention, the more pronounced impact of the alternate minimum tax.

Of course, we have liberal states like CA and NY passing new taxes whenever possible.

I used to think we were going to have decades of liberal government with Obama et. al. However, as I see it, they are so going to derail the economy with all of this regulation and taxation, they’ll be lucky to escape 2010 with anything intact. Hope and change doesn’t mean much when you don’t have a job.[/quote]

For 1, the top marginal tax will not go to 39%, it will go to 36.5%. (35% + 1.5% surcharge).

And no, it does not make an anti-tax point. Just the opposite. It proves that higher tax rates are not necessarily incompatible with a strong economy. (It does not, however, prove that higher taxes improve the economy, nor do lower taxes weaken the economy, it is simply correlative.)

I haven’t omitted any other “new” proposed tax increases because there aren’t any. Nor is there any evidence that there will be a more pronounced impact of alt min tax. That entire discussion of higher taxes is almost entirely a right-wing talking point, not based on reality. So far there has been nothing more than ideas floated about higher payroll taxes, limits on charitable deductions, phaseouts for other deductions, limitation of home mortgage interest deduction (which I think would be a very good thing for real estate). No bills even in committee. Most of them would not get the support of the blue dog dems anyway, and are unlikely to pass even if they did come up for a vote.

It seems to be getting more and more unlikely that the GOP will resurface as anything more than a regional party, regardless of what the Dems do. Their treatment of Sotomayor in her hearings have probably driven away the small percentage of hispanic votes they still had. The best thing that can happen for the democrats is the vote to go purely along party lines. They can’t win with nothing but old white men and the south. And I don’t think that’s a good thing.[/quote]

You can’t be serious with this post. This is my favorite quote:

“So far there has been nothing more than ideas floated about higher payroll taxes, limits on charitable deductions, phaseouts for other deductions, limitation of home mortgage interest deduction (which I think would be a very good thing for real estate). No bills even in committee.”

I’m an attorney who works on tax issues all day, and carefully follow tax policy, and if the liberal party leaders/Obama do what they say, we’ll have a boat load of new taxes and regulation, whether cap and tax, higher CG taxes, deduction caps, adjusted phaseouts, etc. The AMT comment was to show the myopic examination of the impact of federal taxes on high-income earners in your article. Simply not an apples to apples comparison, by any stretch.

And if you think the blue dog Democrats will fight Obama and Democrat party leaders, perhaps. However, they’ll vote for enough of these to undercut the US economy at its weakest period in decades as witnessed with cap and trade.

As a die-hard party supporter, if you think this is the road to revive the US economy, best of luck in the mid-terms.

In fact, if I were trying, I couldn’t design a better plan to kill the Democrat’s electoral prospects in 2010. How quickly the Democrats have forgotten their mantra; it’s the economy stupid. These taxes and new regulations will be a rapid poison going through the system. Job creation in this environment? No chance.

[luchabee]

[quote=SK in CV]Nothing much will change.

From Conor Clarke at Andrew Sullivan’s blog
(http://andrewsullivan.theatlantic.com/the_daily_dish/2009/07/daily-chart-tax-the-rich-to-pay-for-health-care.html)

(Please note, the min-max on this graph is from slightly over 31% to just a tiny bit over 36%.)

Even if this legislation is passed, the effective rate for the top 1% will remain considerably below the highest rates of the mid-90’s (when the economy was strong, and subsequently booming) and probably still below the norm of the last 8 years. Families with adjusted gross income under $350,000 will see no tax increase. 96% of small businesses will see no tax increase.

Since when? Since always. (at least during our lifetimes.)[/quote]

I think your comments made more of an anti-tax point than you intended . . . we had a great economy then. It is terrible now. So, let’s increase the marginal federal brackets to 39%? Also, of course, like most lefty examinations on these issues, there was an omission of other new proposed taxes: increased capital gains rates, payroll taxes, limits on charitable deductions, phaseouts for other deductions, limiting mortgage int. deduction, possible cap and trade taxes. Not to mention, the more pronounced impact of the alternate minimum tax.

Of course, we have liberal states like CA and NY passing new taxes whenever possible.

I used to think we were going to have decades of liberal government with Obama et. al. However, as I see it, they are so going to derail the economy with all of this regulation and taxation, they’ll be lucky to escape 2010 with anything intact. Hope and change doesn’t mean much when you don’t have a job.

[luchabee]

[quote=SK in CV]Nothing much will change.

From Conor Clarke at Andrew Sullivan’s blog
(http://andrewsullivan.theatlantic.com/the_daily_dish/2009/07/daily-chart-tax-the-rich-to-pay-for-health-care.html)

(Please note, the min-max on this graph is from slightly over 31% to just a tiny bit over 36%.)

Even if this legislation is passed, the effective rate for the top 1% will remain considerably below the highest rates of the mid-90’s (when the economy was strong, and subsequently booming) and probably still below the norm of the last 8 years. Families with adjusted gross income under $350,000 will see no tax increase. 96% of small businesses will see no tax increase.

Since when? Since always. (at least during our lifetimes.)[/quote]

I think your comments made more of an anti-tax point than you intended . . . we had a great economy then. It is terrible now. So, let’s increase the marginal federal brackets to 39%? Also, of course, like most lefty examinations on these issues, there was an omission of other new proposed taxes: increased capital gains rates, payroll taxes, limits on charitable deductions, phaseouts for other deductions, limiting mortgage int. deduction, possible cap and trade taxes. Not to mention, the more pronounced impact of the alternate minimum tax.

Of course, we have liberal states like CA and NY passing new taxes whenever possible.

I used to think we were going to have decades of liberal government with Obama et. al. However, as I see it, they are so going to derail the economy with all of this regulation and taxation, they’ll be lucky to escape 2010 with anything intact. Hope and change doesn’t mean much when you don’t have a job.

[luchabee]

[quote=SK in CV]Nothing much will change.

From Conor Clarke at Andrew Sullivan’s blog
(http://andrewsullivan.theatlantic.com/the_daily_dish/2009/07/daily-chart-tax-the-rich-to-pay-for-health-care.html)

(Please note, the min-max on this graph is from slightly over 31% to just a tiny bit over 36%.)

Even if this legislation is passed, the effective rate for the top 1% will remain considerably below the highest rates of the mid-90’s (when the economy was strong, and subsequently booming) and probably still below the norm of the last 8 years. Families with adjusted gross income under $350,000 will see no tax increase. 96% of small businesses will see no tax increase.

Since when? Since always. (at least during our lifetimes.)[/quote]

I think your comments made more of an anti-tax point than you intended . . . we had a great economy then. It is terrible now. So, let’s increase the marginal federal brackets to 39%? Also, of course, like most lefty examinations on these issues, there was an omission of other new proposed taxes: increased capital gains rates, payroll taxes, limits on charitable deductions, phaseouts for other deductions, limiting mortgage int. deduction, possible cap and trade taxes. Not to mention, the more pronounced impact of the alternate minimum tax.

Of course, we have liberal states like CA and NY passing new taxes whenever possible.

I used to think we were going to have decades of liberal government with Obama et. al. However, as I see it, they are so going to derail the economy with all of this regulation and taxation, they’ll be lucky to escape 2010 with anything intact. Hope and change doesn’t mean much when you don’t have a job.

[luchabee]

[quote=SK in CV]Nothing much will change.

From Conor Clarke at Andrew Sullivan’s blog
(http://andrewsullivan.theatlantic.com/the_daily_dish/2009/07/daily-chart-tax-the-rich-to-pay-for-health-care.html)

(Please note, the min-max on this graph is from slightly over 31% to just a tiny bit over 36%.)

Even if this legislation is passed, the effective rate for the top 1% will remain considerably below the highest rates of the mid-90’s (when the economy was strong, and subsequently booming) and probably still below the norm of the last 8 years. Families with adjusted gross income under $350,000 will see no tax increase. 96% of small businesses will see no tax increase.

Since when? Since always. (at least during our lifetimes.)[/quote]

I think your comments made more of an anti-tax point than you intended . . . we had a great economy then. It is terrible now. So, let’s increase the marginal federal brackets to 39%? Also, of course, like most lefty examinations on these issues, there was an omission of other new proposed taxes: increased capital gains rates, payroll taxes, limits on charitable deductions, phaseouts for other deductions, limiting mortgage int. deduction, possible cap and trade taxes. Not to mention, the more pronounced impact of the alternate minimum tax.

Of course, we have liberal states like CA and NY passing new taxes whenever possible.

I used to think we were going to have decades of liberal government with Obama et. al. However, as I see it, they are so going to derail the economy with all of this regulation and taxation, they’ll be lucky to escape 2010 with anything intact. Hope and change doesn’t mean much when you don’t have a job.

[luchabee]

[quote=SK in CV]Nothing much will change.

From Conor Clarke at Andrew Sullivan’s blog
(http://andrewsullivan.theatlantic.com/the_daily_dish/2009/07/daily-chart-tax-the-rich-to-pay-for-health-care.html)

(Please note, the min-max on this graph is from slightly over 31% to just a tiny bit over 36%.)

Even if this legislation is passed, the effective rate for the top 1% will remain considerably below the highest rates of the mid-90’s (when the economy was strong, and subsequently booming) and probably still below the norm of the last 8 years. Families with adjusted gross income under $350,000 will see no tax increase. 96% of small businesses will see no tax increase.

Since when? Since always. (at least during our lifetimes.)[/quote]

I think your comments made more of an anti-tax point than you intended . . . we had a great economy then. It is terrible now. So, let’s increase the marginal federal brackets to 39%? Also, of course, like most lefty examinations on these issues, there was an omission of other new proposed taxes: increased capital gains rates, payroll taxes, limits on charitable deductions, phaseouts for other deductions, limiting mortgage int. deduction, possible cap and trade taxes. Not to mention, the more pronounced impact of the alternate minimum tax.

Of course, we have liberal states like CA and NY passing new taxes whenever possible.

I used to think we were going to have decades of liberal government with Obama et. al. However, as I see it, they are so going to derail the economy with all of this regulation and taxation, they’ll be lucky to escape 2010 with anything intact. Hope and change doesn’t mean much when you don’t have a job.

[Author]

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