[quote=Anonymous]I assume it's sarcasm too. Cap gains tax is rising as of end of 2012 under the current president, [b]which hurts the middle class[/b] and discourages savings. Just received a brochure from my college urging end of year transfer for appreciated stock because of the cap gains tax increase. Pretty darn clear to me which way Obama wants to redistribute the wealth.[/quote]
the middle class don't have capital gains. http://www.taxpolicycenter.org/numbers/displayatab.cfm?DocID=2589 If you don't understand that, it says 47% of all capital gains are earned by those with the highest 0.1% of income. Not the top 1%, mind you -- the top 0.1% of earners. The bottom 80% of households earn just 6% of all capital gains. Raising capital gains taxes won't hurt the middle class one iota. |
That's basically double the standard deduction for a couple now. But someone with a hefty mortgage would lose out. Question is whether his rate cut would make up the difference. According to this analysis, however, a $25,000 cap would only pay for about a third of his rate cut -- the remaining 2/3rds would have to be deficit financed. Or, the cap would have to be lower. http://taxvox.taxpolicycenter.org/ |
Invest in the productive private sector. Government is a wasteful , sloppy, unproductive money pit that borrows and wastes. Government is like that failure to launch character. |
[quote=Anonymous]I assume it's sarcasm too. Cap gains tax is rising as of end of 2012 under the current president, which hurts the middle class and discourages savings. Just received a brochure from my college urging end of year transfer for appreciated stock because of the cap gains tax increase. Pretty darn clear to me which way Obama wants to redistribute the wealth.[/quote]
My one checking account is negative $270. I have a daycare payment due in a few hours for 370 My gas tank is empty My federal student loans are in forbearance My salary is 132,800 I can not relate to your complaint. |
You mean the private sector that brought us the Great Recession? There's plenty of capital waiting for investment opportunities, what the country needs is to get some money into the hands of people who will spend it. A thriving middle class is the real key to American prosperity. |
look at Gallup and Rasmussen on 10/18/2008, look at the final election results, and then get back to me. Romney is legitimately up 5-6 points nationally right now. The election is not over, but to pretend it is not in game is silly. |
Romney is up 5-6 points nationally in one poll that may be an outlier. A Washington Post-ABC News poll released Monday showed Obama at 49 percent and Romney at 46 percent, while a Politico-George Washington University poll showed Obama at 49 percent and Romney at 48 percent. As for Rasmussen, no one takes it seriously. No one. It is consistently one of the most inaccurate poll out there. http://www.fordham.edu/images/academics/graduate_schools/gsas/elections_and_campaign_/2008%20poll%20accuracy%20panagopoulos.pdf |
21:25, you lost them when you started using facts. |
Silly me. That said, the Gallup poll is worth paying attention to. |
And if our Rasmussen worshipper wants to actually read intelligent commentary about polling, s/he should try:
http://fivethirtyeight.blogs.nytimes.com/2012/10/17/oct-16-can-polls-exaggerate-bounces/#more-36238 |
So let me get this right. His big proposal is effectively to create AMT on steroids??? |
I believe in the last crisis, the private sector was wasteful, sloppy and borrowed way too much. |
Rasmussen had Obama over McCain 52-46 I believe, which made them one of the most accurate out there. |
nothing in there discredits Rasumussen. and most pollsters dislike the yougov methodology. we shall see how accurate they are going forward. |
Private companies are wasteful. There are studies that show CEO performance is not related to the CEO's company's performance as measured by return to investors through stock price. In other words, the higher compensated CEO preformed worst then a lower paid one in the same industry. It is wasteful and inefficient. |