Just tell me WHY Obama

[jhv48]

Originally Posted by Excaliber

$500,000 appreciation value for a home? Yeah, like the typical American can look forward to THAT! What planet is this property from of which you speak?

I don't see that kind of appreciation even here in Hawaii, where real estate remains 'hotter than a pistol'!

Baby boomers have owned their homes for twenty to thirty years. They have racked up that much or more here in California.

Heck, I have that much equity in my home and I have only owned it for 9 years.

So you would be willing to pay $28,000 in taxes on a $100,000 profit?

I'm not!

[VRM]

Fred,
We have a huge welfare problem. We need massive reform of the program, and elimination of most of it.
We also need to stop cutting jobs and wages. You posted that the bottom 50% will fall from 4.1 to 3.6%. This is because they have no money, and are below the poverty line, despite the fact that many of them do hold jobs.

I've said it before - you will create more jobs and earn more profits if 85 families buy a Taurus than you will if 15 families by Ford GTs. Trickle down and trickle up work together, but our current political parties only support one or the other at a time.

Steve

[jhv48]

Originally Posted by Excaliber

APPRECIATION is the key word here, the 'profit' from the sale. It is certainly safe to say the vast majority of Americans won't have to worry about a $500K PROFIT on anything.

Once again, so you would be willing to pay $28,000 tax on a $100,000 profit?

And don't tell me that no one in America has $100,000 in appreciation dollars after owning their home for 20-30 years.

[jhv48]

Now you're talking!

I just resent working hard and handing my money to those who choose to sit around and have children with their hands out looking for assistance.

Call me a radical.

[turnpike boy]

Originally Posted by Excaliber

Personally I think BOTH candidates are blowing smoke out their a$$ about reducing taxes............

And therein lies a truth. Just a shame that one pontificates about how he's gonna 'help' us poor folks.

[bomelia]

I dunno Ernie, not sure what you see in Obama. Without his "Senator" credentials, he would never seriously be considered for a CEO job at any company. Has no experience. Yeah, I know, he's got community organizing under his belt. Big deal. He'd get laughed out of the board room if he brought that up as a credential. But here he is... no management experience and being considered for the most powerful position in the world. It's a friggin joke that in todays world such a thing could happen. And whenever you ask someone why they like Obama, they NEVER tell you. Just because. Something about "the change we need". Friggin talking points.

Somebody PLEASE tell me why they like Obama and are going to vote for him.

Mike

[jhv48]

And he just barely beat out Hillary for the nomination.

He almost lost out to the "Wicked Witch of the West"!

Lesser of two Evils!

[turnpike boy]

Hey, I like Obama! He gives me a really clear view of just how useless and pragmatically-challenged politicians generally, and Liberals specifically, really are!

[bomelia]

Originally Posted by Excaliber

More taxes on the 'rich'? Who are these nebulous 'rich' people anyway?

You and me.

[jhv48]

Originally Posted by bomelia

You and me.

Actually it's anyone with a paying job!

[VRM]

Originally Posted by jhv48

Actually it's anyone with a paying job!

Wrong! Under Obamas plan most households making under $250K will get a tax cut.

Households making over $250K may get a tax increase.

Mike - you're making over $250K and you still don't have a sports car? Wow!

[cobra de capell]

Originally Posted by VRM

Wrong! Under Obamas plan most households making under $250K will get a tax cut.

Households making over $250K may get a tax increase.

Mike - you're making over $250K and you still don't have a sports car? Wow!

This is why the few Clueless White Guys posting here are voting for BO.....they like him in his Nobama America suit....

[turnpike boy]

Originally Posted by VRM

Wrong! Under Obamas plan most households making under $250K will get a tax cut.

Households making over $250K may get a tax increase.

Mike - you're making over $250K and you still don't have a sports car? Wow!

Actually, under Obama's plan you will (1) pay no tax if you're a senior citizen (over 55? - over 75?- currently undefined), (2) get a break of $1,000 per FAMILY if you rake in $75K or less (he says the $1K is more than they currently pay in taxes..). NOWHERE does he say you will get a TAX CUT. Nowhere.

However, he DOES seek to maul you on (1) inheritance taxes (you currently get massive relief from this, thanks to Bush), (2) raise taxes on capital gains....you better hope you don't sell your house.

Ohblahblah will seek to keelhaul the rich - which doesn't bother me since I ain't. But his pet social programs are a nightmare for those of us who like Big Government off our backs. This alone is reason to send him back to Illinois.

[bomelia]

Originally Posted by VRM

Wrong! Under Obamas plan most households making under $250K will get a tax cut.

Households making over $250K may get a tax increase.

Mike - you're making over $250K and you still don't have a sports car? Wow!

Your point is?

[VRM]

Originally Posted by bomelia

Your point is?

Good for you, and that's pretty sad. I've managed a 60K Vette making less.

Unless, of course, you are holding out for a real Shelby.

[cobra de capell]

Originally Posted by VRM

Wrong! Under Obamas plan most households making under $250K will get a tax cut.

Households making over $250K may get a tax increase.

So, VRM - what do you think will happen when those making $250K and up get a huge tax increase - not only income tax, but capital gains, payroll tax (social security), death tax, etc.? Do you see good 'financial' things happening to all those - including yourself in the less than $250K brackets? For example do you see: more jobs, salaries increases, cheaper services and products - perhaps a rose garden for everyone or even a Cobra?

[VRM]

Originally Posted by cobra de capell

So, VRM - what do you think will happen when those making $250K and up get a huge tax increase - not only income tax, but capital gains, payroll tax (social security), death tax, etc.? Do you see good 'financial' things happening to all those - including yourself in the less than $250K brackets? For example do you see: more jobs, salaries increases, cheaper services and products - perhaps a rose garden for everyone or even a Cobra?

First off, I do not want anybody to be taxed more.
What do you think will happen when (it actually already is) the poor are so poor that they can no longer afford to buy stuff? Where are the markets for the rich business owners?
Giving big tax cuts to only the rich will not solve our problems, as McCain seems to think.
Neither will giving them to only the poor and middle class, as Obama seems to think.
Spending has to be controlled, something that the GOP has proven itself to be lousy at doing.

[J. T. Toad]

Originally Posted by Excaliber

I think the whole tax debate is a 'red herring', which

And yet so far this has been the only justification you have given for supporting O.

When has any tax increase been good for the typical, rich, or poor American?

IF you tax the rich (ceo, entertainers, "250K" plus people) , how will they make up the difference? Move to a more economical home? No, they will just raise the cost of product so they can make more money to sustain their standard of living.

For example - Ignorance is thinking that raising minimum wage increases standard of living... all it means that unless it "trickles up"... standard salaries got a pay cut.

I am not sure anyone has given thought to the fact that the forefathers succeeded for far less of a tax structure than we a burdened with now. Especially considering that as of this weekend, our Gov't is now the single largest owner of real estate debt.

[cobra de capell]

"IF you tax the rich (ceo, entertainers, "250K" plus people) , how will they make up the difference? Move to a more economical home? No, they will just raise the cost of product so they can make more money to sustain their standard of living."

BINGO! I'd also include oil companies, corporations and practically any entity that has products or services to sell - they will all simply pass on any new tax, as they do with tax now, to the people that purchase those products and services, cut back on charity, cut jobs, etc - therefore, any tax proposal that hits those that make a lot of money turns into a tax on everyone at every income level - included poor people that don't pay income tax - they also buy products and services.

The fools are those in the middle and lower income brackets that 'feel' like something good is about to happen if BO wins. In fact, a few of those fools are posting here on a regular basis.

[jhv48]

Had a short talk with my daughter who just graduated from UCSB, a very liberal university.

She is a staunch Democrat so I posed the following question to her:

If one of your classmates was getting a low grade in one of her classes because she wasn't working very hard, would my daughter be willing to give this girl one of her hard earned A's so the friend could pull up her GPA?

My daughter said "Heck no, I worked my butt off for those A's, why should I give them away to someone that refuses to work just as hard as I did?"

And I replied, "Welcome to the Republican Party!"

That's the difference between the two parties as far as I can tell. And since I am one of the "Haves", I choose NOT to give it to those that refuse to work for it like I did.