I deleted my reply, because honestly, its not worth it Mike. No matter what I say you'll twist it. You can't help it. Its your m.o.
Vigorous conversation here. My thoughts are; the moderator was actually attempting to be unbiased for about the first half hour, but after that she started feeding Obama lines when he was struggling with responses and interrupted Romney when Obama was too slow on the trigger. The moderator interrupted Romney twice as many times as his opponent; and showed unabashed bias with her Libya comment. Oh well, by the end of it the B.S filter had been filled by both sides, and I’m not sure if any substantive conversation actually took place inside that one and a half hours. I was told a few years ago by a successful politician his secret to staying in office so long. This person will remain unnamed, but I think his words give some insight into exactly what makes the world of politics turn. His advice was, “If you wanna stay in office, tell the people exactly what they want to hear, and once you win, do whatever the hell you want.”
Capital gain taxes should be lower because it promotes investing in the country and your future as well as the countries. Short term capital gains are much higher than long term from what i understand. Have a 401? You have capital gains and may have to live on that money some day. Start taxing the "rich" on capital gains and you kill the middle class investor. I have personal experience with this because of a small trust I cashed in on for education when I was 18-20 years old.(dad passed away when i was 3) The capital gains killed me and ended up eating up the investments. Sent from my DROIDX using Tapatalk 2
I'm glad we can agree on something. I'm going to leave my post up if you don't mind. You know.. the one about how debates are pointless and just a repeat of history.
Far as the oil comments, which some seem so worried about... Personally I like the fact we aren't whoring out every acre of public land and drilling for oil... Hunting out west, I've seen a lot of ground change forever because of oil drilling - disgusting really.... Sad thing is, we don't even see all that oil and it doesn't directly reflect the price we pay at the pump anyway... A lot of our oil goes to Japan or whoever is willing to pay the most... The main benefactors from drilling on public land IS big oil - not the average American.... To me, Romeny seems like the silver spoon business owner that tells his employees he can't give them a raise this year and then shows up at work next week in a new Mercedes. Ships some jobs overseas, lays people off, then calls them deadbeats when they have to collect unemployment to feed their family. In the end, here is how I look at it. If I had to choose a company for my wife or kids to work at, one was owned by Obama and one by Romney - it wouldn't be Mitt, I just don't trust him... Truthfully, I don't really like either of the candidates, it's more which one I think is the lesser of two evils...
Because I asked you a question and you, like you always do, try to belittle me? Really Mike, you're transparent. Its not only obvious to me, but a lot of people who know both of us. Its been the topic of quite a few conversations over the last couple years. So, lets not beat around the bush Mike. Please tell me what it is that you dislike about me so much. Actually, don't answer that Mikey, there's no need to.
By the way Buckmaster.. that was pretty funny.. watched it like 4 times. Was thoroughly amused by Lincoln and the eagle's lines at the end. Too funny.
Alright, now we're getting somewhere. Maybe this can be like therapy for you Mike and the truth can come out.
All I'm saying is he pays a higher effective tax rate than most Americans already. http://usatoday30.usatoday.com/money/perfi/taxes/story/2012-01-19/romney-tax-rate/52682372/1
Great. All I am saying is what regan stated and did. Income and investment income should be taxed at the same rate.
I hate you too. Those days are over for me for another year or two. Too many obligations to my wife and kids.
Well if that's the case would you be in favor of paying more on your end so that the effective tax rate between investment income and earned income was equal? Which would basically mean for most of us giving up some form of tax break/credit.
So if you sold your house after owning for 10 years, you would be comfortable paying 28% of the profit to the government as a capital gains tax? You are also comfortable paying this knowing that if you took a loss on the sale of that house, there would be no deduction or credit? If the government only wants part of the gain and leaves you out to dry on the loss.......would you ever consider making a home purchase as an investment? What about any other type of investment? I certainly wouldn't. I'd find another place to bury that income, and I'd take back all the weekends and late nights I've spent working on building sweat equity in this place that we bought. I'd also never likely end up with the $$$ I hope to one day have to start my own business, and I'd likely never end up in the kind of house that we really want to live in......because this is part of how we hope to be able to afford it.
Low capital gains allow the middle class to invest in their own futures without depending on SS. Those investments grow our economy and provide security for our futures. High tax rates have the opposite effect on both. I'll admit I was not a fan of Romney early on but I also was not real familiar with him. I now feel he is the right choice. He has a real understanding of economical and financial issues. I know the hate mongers will hate regardless, just because he is a successful businessman. He pointed out last night that Canada lowered their tax on business to 15% and oddly enough they have surpassed the US. Coincidence? I think not. They are becoming more conservative while we are becoming more progressive /socialist.:banghead: Sent from my DROIDX using Tapatalk 2
