Bush Tax Increases on $400K+
[QUOTE=Tiny12;434666]Esten is not stupid, he knows exactly what he's doing. His obfuscations are in the same league as master politicians, like Bill "I-did-not-have-sexual-relations-with-that-woman" Clinton. Obama is largely responsible for a big tax hike on high-earners and successful small businesses that went into effect January 1, 2013. [/QUOTE]Tiny you need to look in the mirror.
Obama is not responsible for the recent tax hike for incomes above $400K (or, only responsible in the sense he did not act to stop it). That is a Bush tax increase. The Bush Tax Cuts were temporary, when they went into effect they were a tax cut, and when they expired they were a tax increase. The legislation responsible for that increase was signed by Bush. If you're affected by this increase, blame Bush. It's the same as with Obama's temporary payroll tax cuts. A cut when they went into effect, and an increase when they expired. Your claim that Obama is largely responsible for the tax hike on $400K+ earners is an obfuscation, if not an outright lie.
A bedtime story for Doppel
Once upon a time, there was a man named "D" who lived in a rainy town. D walked to work each day, and sometimes he got wet when he forgot his umbrella. One rainy day, a stranger approached D as he was walking to work.
"Dear Sir", said the stranger. "I notice you don't have an umbrella, and you're getting wet from the rain. I am walking down this street for the next 5 blocks. Would you like to walk under my umbrella ?" What great luck D thought, and replied "Yes thank you that would be great! I'm going the same direction". So the two men walked the next 5 blocks, staying dry under the umbrella, until they reached a corner where the stranger had to go into a building. D thanked the stranger, who replied he was sorry that D would get wet for the remainder of his walk to work.
As luck would have it, another stranger standing right next to them overheard the conversation, and invited D to walk under his umbrella for the next few blocks, which would be enough for D to reach his workplace. So D moved under the new stranger's umbrella, not getting a drop wet, and both men continued walking. When they arrived at D's workplace, having noticed that D had not yet expressed any thanks, the new stranger asked, "Sir, I hope you appreciate that you were able to continue walking under my umbrella, so that you never got wet."
To which D replied, "Listen buddy, I was fine before you came along. All you did was continue what the first guy did, so I don't owe you anything."
The second stranger shook his head, turned around and walked away, muttering 'What a $#@%$#!'.
What was it like pre-Obama.
[QUOTE=Tiny12;434718]"Somebody helped to create this unbelievable American system that we have that allowed you to thrive. Somebody invested in roads and bridges. If you've got a business—you didn't build that. Somebody else made that happen."
And that somebody is Barack Hussein Obama. Thank you President Obama. Thank you for taxing my income at 43.4%. While I also pay state and local taxes amounting to an additional 15% of my income, the federal taxes warm my heart, because I'm giving and receiving nothing in return. This has caused me to achieve true enlightenment. Thank you for all the government forms that I enjoy filling out. Thank you for the tens of thousands of pages of federal regulations and laws, especially the senseless ones and the ones that can send me away to jail for a year or two if I don't know about them, for they keep me excited and at my sharpest. Thank you dear President, for you bend me over and you fuck me in the ass, and I love you for it.
O.K., parables aside, what President Obama really wants to do is take "this unbelievable American system" and make it just like Europe, complete with high unemployment and stagnant economic growth. He wants to screw over the successful small businessman, because like Esten he thinks the guy will spend his free cash flow on yachts, champagne and Cadillacs instead of reinvesting it. And President Obama also believes a dollar flushed down the toilet by Washington is much more valuable than a dollar invested in the private sector. Unless of course it's government that's directing where that dollar goes within the private sector, like growing corn for ethanol or loaning money to homeowners that can't afford their monthly mortgage payments.[/QUOTE]It seems you are hurting real bad, tell us what is was like under Clinton, then Bush. Or even before that. If you are at that level of taxation, you are not hurting for your basic needs? Or are you? I may be wrong, but people with high incomes were being taxed at close to 50% once upon a time. Tax shelters galore sprang up. So, enlighten us who are not in your oxygen deprived orbit.
By the way, I favor a flat tax. For most of my working life, I paid around 27-29%.
