educate yourself a little bit further, then come back and tell us what you've found out about what socialism really is and how Alaska's arrangement with the oil companies has nothing to do with socialism.
We don't want your socialism. Perhaps you would better served relocatiing back to your country with the socialist background.I am educated, and come from a country with a socialist background, I wont bother telling you where as you are most probably american and therefore likely poorly ducated on geography.
The insinuation of redistrubution of wealth has been the lone reason why mcrage/pain have been using buzzwords like socialism...The oil companies redistribute wealth to alaskans, Palin supports this and according to her and McCain redistribution is socialism ergo she and the state of Alaska practise socialism!
Next?
I am educated, and come from a country with a socialist background, I wont bother telling you where as you are most probably american and therefore likely poorly ducated on geography.
Read up on US Federal Tax codes. Small, unincorporated business owners are taxed on revenue, not net income. So, if your small business brings in $300K in revenue, yet your pay out $200K in operating expenses, as an individual you are taxed as bringing in $300K in personal income.
The alternative minimum tax (AMT) severely hampers small business owners from claiming and itemizing all the expenses they incur from their business.
In effect, most all small and medium sized business owners are taxed as though they bring in over $250K annually in personal income.
I am educated, and come from a country with a socialist background, I wont bother telling you where as you are most probably american and therefore likely poorly ducated on geography.
I bet you liked the econ lessons even better for that perspective. Socialist Europe: tiny economies, huge unemployment, internationally uncompetitive. Capitalisy USA: huge and still growing economy, low unemployment, the most competitive internationally.I'm not as "poorly ducated" as you might think and I've always excelled at geography. One of things I liked doing as a kid was seeing how much larger the United States was when compared to any little pissant country in Europe, especially the ones located on little islands.
I am educated, and come from a country with a socialist background, I wont bother telling you where as you are most probably american and therefore likely poorly ducated on geography.
The insinuation of redistrubution of wealth has been the lone reason why mcrage/pain have been using buzzwords like socialism...The oil companies redistribute wealth to alaskans, Palin supports this and according to her and McCain redistribution is socialism ergo she and the state of Alaska practise socialism!
Next?
My point was the impact on those effected will be 4% only on the amounts over 250K,per what Obama said .Up until that point you will not pay anymore than you are currently paying.
This just isn't true. Many small businesses earning north of $250k actually lose money and never pay taxes. Businesses pay taxes on profits, not gross revenues.Like he said small business is based on gross income(revenue) and not net income.
This just isn't true. Many small businesses earning north of $250k actually lose money and never pay taxes. Businesses pay taxes on profits, not gross revenues.
Regardless, the point is still the same. Small business owners and high earners are going to get pounded.
This silly argument that it only impacts a few and those few are only impacted slightly is the stupidest thing I've ever heard. Why would someone tout raising those taxes if it only generated a very tiny bit of incremental revenue? It's a senseless point. High earners are going to be blistered or the impact will be negligible.
BPV...is there any truth to the notion that this is a typical outcome of all Democratic tax policies?
Do you think Obama's ideals would lead to a more extreme version of this belief coming to fruition or are they just typical of any Democratic presedential candidate?
I think it's different in that prior to now, candidates would not have wantonly thrown about phrases like "bottom up economics, and "everybody does better when those at the bottom have some too."BPV...is there any truth to the notion that this is a typical outcome of all Democratic tax policies?
Do you think Obama's ideals would lead to a more extreme version of this belief coming to fruition or are they just typical of any Democratic presedential candidate?