tough day for Boy George

[c double]

first Jimmy Carter then Clarke... anyone catch 60 minutes?
presidency is winnable for the Dems, if Nader drops out...

question is whether having the tamer foreign policy we'd probably get under Kerry is worth the tax hike...

[Ryan]

Originally posted by c double
first Jimmy Carter then Clarke... anyone catch 60 minutes?
presidency is winnable for the Dems, if Nader drops out...

question is whether having the tamer foreign policy we'd probably get under Kerry is worth the tax hike...

Tax hike? He's talking about repealing the tax cut only for the top bracket. And anyway, has your life improved one bit since the Bush tax cut? Are you better off or worse off since Bush has been in office? His "tax cut" was a load of shit and did nothing to help the country, especially considering that he was breaking deficit records all along the way.

[c double]

That's a hypothetical situation.. would be purely speculative.

Theyre all republicrats.

Are you telling me you actually think Kerry is going to do the things he's talking about in his campaign? You must have forgotten that he is a politician. It's his job to lie and make empty promises.

Oh and, this new Israel Hamas business--- strike three against Bush.. all in one day... if that's not enough to cost him his office, how about the Al Qaeda administrator who now claims to have obtained nuclear explosives?

My money's on Kerry in November.

[johnny861]

Originally posted by Ryan
Tax hike? He's talking about repealing the tax cut only for the top bracket. And anyway, has your life improved one bit since the Bush tax cut? Are you better off or worse off since Bush has been in office? His "tax cut" was a load of shit and did nothing to help the country, especially considering that he was breaking deficit records all along the way.

I dunno... I looked at my tax forms... the tax credits saved me from having to pay $3,300 this year...


so I got a nice return of about $515

Otherwise I would have been in the hole $2,785 and I can't afford that at the moment... So I was able to put my savings back into fixing my car which needed $2,175 in repairs... or else my ass was walking to work...

Not to say that it would change if Kerry took office, or that Bush is any good for America, but Bush did put the tax relief into play... and it did help me out when I needed it... 2 years running....

[Ryan]

Originally posted by johnny861
I dunno... I looked at my tax forms... the tax credits saved me from having to pay $3,300 this year...


so I got a nice return of about $515

Otherwise I would have been in the hole $2,785 and I can't afford that at the moment... So I was able to put my savings back into fixing my car which needed $2,175 in repairs... or else my ass was walking to work...

Not to say that it would change if Kerry took office, or that Bush is any good for America, but Bush did put the tax relief into play... and it did help me out when I needed it... 2 years running....

Which tax credits would that be? Numerous credits have already been in place that might have saved you $3,300, but they certainly had nothing to do with George W. Bush. The only way you saved anything significant from Bush's tax cut is if you are earning a very large income or if you have several children. I am in a high tax bracket with zero children and I pocketed a whopping $30 this year - far less than the reduction in my takehome pay caused directly by Bush's spending cuts in my industry.

Everyone needs to educate themselves about Bush's spending record and what exactly his tax cuts consisted of before they start buying into the garbage about him being for the taxpayer and Kerry wanting to tax the hell out of everyone. That is just a blatant lie he's throwing around to try and grab votes from people who don't know any better.

[Ryan]

One more thing...

If you want to fully understand how Bush's presidency is really going to affect your bottom line, read up on his Medicare plan for prescription drug benefits and what the estimated future costs are going to be. Also, take a look at what he has handed out in corporate welfare, entitlement redistributions, and what he has spent and will spend in rebuilding the nations he has torn down. I small tax cut doesn't do anything for you if his spending is going to force some future president to put even heavier taxes on you to make up for what he is doing now.

[Adam D]

Originally posted by Ryan
I small tax cut doesn't do anything for you if his spending is going to force some future president to put even heavier taxes on you to make up for what he is doing now.

That's typically what happens. Republicans get into office and slash taxes and run up a deficit, and then when everything has gone to shit a Democrat wins and has to raise taxes to fix everything that went wrong.

Then Republicans promise to cut taxes...

[johnny861]

Originally posted by Ryan
One more thing...

If you want to fully understand how Bush's presidency is really going to affect your bottom line, read up on his Medicare plan for prescription drug benefits and what the estimated future costs are going to be. Also, take a look at what he has handed out in corporate welfare, entitlement redistributions, and what he has spent and will spend in rebuilding the nations he has torn down. I small tax cut doesn't do anything for you if his spending is going to force some future president to put even heavier taxes on you to make up for what he is doing now.

Easy there... calm down, we're talking about taxes here, not defending anything else Bush has done, we're talking about taxes right? I'm taking into account my personal income and income from my LLP.

And no, I really don't wish to share data about my income or my LLP's income, but between the old law and the new law:

Old Law
New Law

Marginal Tax Rate: OL:30 % NL:28 %

The Act accelerates the reductions in the regular income tax rates that are scheduled for 2004 and 2006. Thus, for 2003 thru 2010, the regular income tax rates in excess of 15 percent are 25 percent, 28 percent, 33 percent, and 35 percent.

While this may not affect you as a person, it affects me as a part owner in a small fledgling business.

Lower Maximum Tax Rates on Certain Capital Gains
The 20% and 10% tax rates have been lowered to 15% and 5%, respectively.

The 8% tax rate for qualified 5-year gain has been eliminated. Instead, the new 5% rate applies to gain that would have qualified for the new 8% rate.


A lot of stuff has happened this year and my partner is moving to New Zealand, so I've decided to pull out most of my interest in the partnership and have the business relocated to Auckland. I'll still have interest in it, but at least I won't have to handle the books anymore...

And no, neither him nor I am rich.

[Ryan]

Originally posted by johnny861
Easy there... calm down, we're talking about taxes here, not defending anything else Bush has done, we're talking about taxes right? I'm taking into account my personal income and income from my LLP.

And no, I really don't wish to share data about my income or my LLP's income, but between the old law and the new law:

Old Law
New Law

Marginal Tax Rate: OL:30 % NL:28 %

The Act accelerates the reductions in the regular income tax rates that are scheduled for 2004 and 2006. Thus, for 2003 thru 2010, the regular income tax rates in excess of 15 percent are 25 percent, 28 percent, 33 percent, and 35 percent.

While this may not affect you as a person, it affects me as a part owner in a small fledgling business.

Lower Maximum Tax Rates on Certain Capital Gains
The 20% and 10% tax rates have been lowered to 15% and 5%, respectively.

The 8% tax rate for qualified 5-year gain has been eliminated. Instead, the new 5% rate applies to gain that would have qualified for the new 8% rate.


A lot of stuff has happened this year and my partner is moving to New Zealand, so I've decided to pull out most of my interest in the partnership and have the business relocated to Auckland. I'll still have interest in it, but at least I won't have to handle the books anymore...

And no, neither him nor I am rich.

I'm a 1/3 partner in an LLC, and we also obtained some nominal benefit from the reductions in the capital gains tax. What Kerry has proposed eliminating is the income tax reductions for the highest income brackets. And yes, this is completely related to government spending. Just because we're slightly better of in this one year does not mean we are better off in the longrun. I hate paying taxes as much as the next guy, but when the president is breaking spending records, redistributing income at a record pace, and spending billions of dollars trying to create a federally sanctioned nanny state, taxes are a necessary evil. Again, this rhetoric Bush is spewing about standing up for the taxpayer is an utter load of shit when you put it in context with his spending record. The $540 billion handed out to appease AARP, the $100 billion used to take our place at the head of Iraq's never-ending occupation, and the billions upon billions handed out to giant corporations - that's all our money. Cut spending, end the deficit, then cut taxes and call yourself a man for the people. Until then, shut the f*** up.

[USAcommitteeX]

first Jimmy Carter then Clarke... anyone catch 60 minutes?

This guy still trying to buy his way into the news....he should be out fishing..with his buddy Fidel Castro.

[Ryan]

Originally posted by USAcommitteeX
This guy still trying to buy his way into the news....he should be out fishing..with his buddy Fidel Castro.

There's absolutely nothing that anyone, regardless of their position, could say to you and the other Bush supporters to get you to admit you're wrong about him. I think it's downright disgusting that your loyalty to this idiot fratboy outweighs your desire to know the truth about a war that has cost so many lives.

[johnny861]

Originally posted by Ryan
There's absolutely nothing that anyone, regardless of their position, could say to you and the other Bush supporters to get you to admit you're wrong about him. I think it's downright disgusting that your loyalty to this idiot fratboy outweighs your desire to know the truth about a war that has cost so many lives.

I got the feeling that you have assumed that I support Bush by making my initial comments about whether I was any better off or not in regards to taxes... I never said I supported Bush, nor said I opposed him... I simply gave my comments on the question about my life improving since Bush' Tax cuts. I really prefer not to be labeled as something.

You asked in your post whether my life improved... I said.. I dunno, I saved some money this year with the tax relief act that Bush pushed... other than that, there's really nothing that has affected me, as a citizen, personally... be it positive or negative from having Bush in office. I have a job, I save some money, I spend the rest, other than that, nothing has changed for me really.

Does that mean it didn't affect other people or the nation? I didn't give an answer on that either.

The only negative thing that's happened to me in the last 4 years is getting laid off, but I hold the economy accountable for that and not the office of the Presidency.

Originally posted by Ryan


Which tax credits would that be? Numerous credits have already been in place that might have saved you $3,300, but they certainly had nothing to do with George W. Bush. The only way you saved anything significant from Bush's tax cut is if you are earning a very large income or if you have several children. I am in a high tax bracket with zero children and I pocketed a whopping $30 this year - far less than the reduction in my takehome pay caused directly by Bush's spending cuts in my industry.

Everyone needs to educate themselves about Bush's spending record and what exactly his tax cuts consisted of before they start buying into the garbage about him being for the taxpayer and Kerry wanting to tax the hell out of everyone. That is just a blatant lie he's throwing around to try and grab votes from people who don't know any better.

Bush spent way too much. Bush cut spending in your industry? Must be the only one.

Bush did cut taxes and I believe it was under his watch that the marriage penalty was eliminated.

You think you'd pay tax less under a Kerry administration?

Originally posted by Ryan
I'm a 1/3 partner in an LLC, and we also obtained some nominal benefit from the reductions in the capital gains tax. What Kerry has proposed eliminating is the income tax reductions for the highest income brackets.

That is what he has said.

What does it mean?

Those with a job? Those making in excess of $50,000,000

Has he clarified this point so we know who will be effected?

Originally posted by Ryan
And yes, this is completely related to government spending. Just because we're slightly better of in this one year does not mean we are better off in the longrun. I hate paying taxes as much as the next guy, but when the president is breaking spending records, redistributing income at a record pace, and spending billions of dollars trying to create a federally sanctioned nanny state, taxes are a necessary evil. Again, this rhetoric Bush is spewing about standing up for the taxpayer is an utter load of shit when you put it in context with his spending record. The $540 billion handed out to appease AARP, the $100 billion used to take our place at the head of Iraq's never-ending occupation, and the billions upon billions handed out to giant corporations - that's all our money. Cut spending, end the deficit, then cut taxes and call yourself a man for the people. Until then, shut the f*** up.

[Ryan]

Originally posted by johnny861
I got the feeling that you have assumed that I support Bush by making my initial comments about whether I was any better off or not in regards to taxes... I never said I supported Bush, nor said I opposed him... I simply gave my comments on the question about my life improving since Bush' Tax cuts. I really prefer not to be labeled as something.

You asked in your post whether my life improved... I said.. I dunno, I saved some money this year with the tax relief act that Bush pushed... other than that, there's really nothing that has affected me, as a citizen, personally... be it positive or negative from having Bush in office. I have a job, I save some money, I spend the rest, other than that, nothing has changed for me really.

Does that mean it didn't affect other people or the nation? I didn't give an answer on that either.

The only negative thing that's happened to me in the last 4 years is getting laid off, but I hold the economy accountable for that and not the office of the Presidency.

Calm down, man. First off, I asked the question to another person and you answered it. I'm glad you did because it sparked an interesting discussion, but I wasn't in any way trying to make a probe of your life of your finances. I could care less. I was simply making a suggestion to everyone that they understand the implications of Bush's presidency on the economy and on their own personal financial situation. This is something often overshadowed by politics because most people are clueless about economics, government spending, etc., or maybe they just don't care. Bush has launched a massive campaign trying to paint himself as a "man for the taxpayer" and nothing could be further from the truth. My pointing that out was in no way meant to label you, so sorry if you took it that way.