Andrew Lloyd Webber gets it.

#1

MG1968

That’s No Moon…
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#1
High marginal tax rates on top producers (ie, high earners) aren't a good thing for an economy.

ANDREW LLOYD WEBBER: The last thing this country needs is a pirate raid on the wealthy (and don't lynch me because I'm a rich b*****d) | Mail Online

Here's the truth. The proposed top rate of income tax is not 50 per cent. It is 50 per cent plus 1.5 per cent national insurance paid by employees plus 13.3 per cent paid by employers. That's not 50 per cent. Two years from now, Britain will have the highest tax rate on earned income of any developed country.
 
#2
#2
Arsene Wenger warns of Premier League tax bomb | Arsenal - Times Online

the Manager of the Arsenal Football Club is also worried about a stupidly high tax rate.

The Arsenal manager believes a number of elite foreign footballers will shun the Premier League because of the Budget announcement to raise the top level of tax from 40p in the pound to 50p for all earnings above £150,000 per annum. This measure, with the falling pound, will curb clubs’ power in the transfer market, Wenger says.

anybody who thinks that Obama's top tax rate is going to stop at 39% and only affect incomes at or above 250k/year is mistken.
 
#3
#3
A lot of other people are starting to get it also.

More than 250 banks and other financial institutions have withdrawn their applications for capital injections from the Treasury Department.

President Barack Obama's Democratic allies in Congress have agreed to let his signature $400 tax cut for most workers expire after next year.

But Obama's signature "Making Work Pay" tax cut of $400 for most workers and $800 for couples would expire at the end of 2010 as currently scheduled. The temporary tax cut was part of the economic stimulus plan enacted in February.

Senate Budget Committee Chairman Kent Conrad of North Dakota told reporters that the budget plan would extend for three years a temporary fix that prevents the alternative minimum tax, or AMT, from hitting more than 20 million taxpayers. The AMT was enacted 40 years ago to make sure wealthy people can't dodge the tax system, but it was never adjusted for inflation and now increasingly threatens middle-class taxpayers with increases averaging $2,000 a year.

The budget plan also anticipates the expiration of former President George W. Bush's tax cuts on income and investments at the end of next year.
 
#4
#4
the "$400" tax cut was a sham anyway. All it involved was a slight change to the withholding tables, at the end of the year, peoples' tax obligation will be the same.
 
#5
#5
the "$400" tax cut was a sham anyway. All it involved was a slight change to the withholding tables, at the end of the year, peoples' tax obligation will be the same.

Barry's going to explain it all to us again here shortly.


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#8
#8
Obama's top tax rate is still ten percent less than Reagan's top rate

are sure about that? check out this site. notice what the top rate was when reagan came into office and what it was when he left office. the rates in 1980 is what we can expect if the dems control congress and the white house for the next eight years. everything obama is doing and calling change has been done before. nothing but the second coming of jimmy carter. didnt work then will not work now.
The Tax Foundation - U.S. Federal Individual Income Tax Rates History, 1913-2009
 
#9
#9
are sure about that? check out this site. notice what the top rate was when reagan came into office and what it was when he left office. the rates in 1980 is what we can expect if the dems control congress and the white house for the next eight years. everything obama is doing and calling change has been done before. nothing but the second coming of jimmy carter. didnt work then will not work now.
The Tax Foundation - U.S. Federal Individual Income Tax Rates History, 1913-2009

Good work another bit of leftist disinformation dispelled.

bull.jpg


"Youth is easily deceived because it is quick to hope."
Aristotle

Like Dhimmi Carter, Barry will also use his office to aid America's enemies.

(A huge chunk of the money that was earmarked to help Palestinian farmers has been diverted into a cell phone company owned by top Palestinian leaders.)

The IMF agreed Saturday to sell bonds — something it's never done in its 65 years.

The lender of last resort for the IMF is the World Bank, the lender of last resort of the World Bank is the Federal Reserve, the lender of last resort of the Federal Reserve is the American taxpayer.

The wealth of the country
flees the land
Like cottonseed on a wind
Blown by the fetid breath
Of money-pimps in Bedlam
Pursuing the creed of masters
Who worship a market freed
Of all restraints on greed -
While politicians posture
And feed on delusions of power
 
#10
#10
Arsene Wenger warns of Premier League tax bomb | Arsenal - Times Online

the Manager of the Arsenal Football Club is also worried about a stupidly high tax rate.



anybody who thinks that Obama's top tax rate is going to stop at 39% and only affect incomes at or above 250k/year is mistken.

Look, Wenger is one of the best managers on the planet, but the prestige that the Premier League offers won't shun anyone. That, and the Premier League offers the best payday out of any league in the world.

I see your point though.
 

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