New American Dream is to have a JOB.

#26
#26
bamawriter said:
If we taxed investment income at the same rate that we tax other forms of income, the market would crash in a hurry.
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No it would not.
You do know CG taxes were 49% til Jimmy Carter lowered them to 28%.
Reagan lowered them to 20%. for a short time then raised them back to 28%.
At 49% , we still had growth.

Taxes are an expense that the business person has to take in account.

IMO , we would be better off to have a flat tax at the rate of 20% on any and all income from everyone with zero loopholes.
 
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#27
#27
without a college degree i can go out tomorrow and get a 70,000 ayear including benefits job,because i have skills other than flipping burgers.
 
#28
#28
tang said:
without a college degree i can go out tomorrow and get a 70,000 ayear including benefits job,because i have skills other than flipping burgers.
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why don't you do that tomorrow, Sparky
 
#29
#29
Gramps said:
No it would not.
You do know CG taxes were 49% til Jimmy Carter lowered them to 28%.
Reagan lowered them to 20%. for a short time then raised them back to 28%.

Taxes are an expense that the business person has to take in account.

IMO , we would be better off to have a flat tax at the rate of 20% on any and all income from everyone with zero loopholes.
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Ignoring the plethora of alternative investments now is crazy.
 
#30
#30
Gramps said:
why don't you do that tomorrow, Sparky
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dont need to now,im at my beach house waiting on my wife to get ready so we can hit the strip club.
since the economy collapsed i quit my job and bought three rental properties,,,probally gonna get me a job at auoto zone so i can get discount prices and fix old classics and sell em!
 
#31
#31
tang said:
dont need to now,im at my beach house waiting on my wife to get ready so we can hit the strip club.
since the economy collapsed i quit my job and bought three rental properties,,,probally gonna get me a job at auoto zone so i can get discount prices and fix old classics and sell em!
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oh i also started my own hose painting buissnes.
 
#32
#32
BigPapaVol said:
Ignoring the plethora of alternative investments now is crazy.
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I am for a flat tax for all but for everyone to flip out and act like the world is going to come to a halt if taxes were to go back to where they were during the Clinton years is absurd .
The Clinton years were the best financial years in our lifetime.
 
#35
#35
Gramps said:
I am for a flat tax for all but for everyone to flip out and act like the world is going to come to a halt if taxes were to go back to where they were during the Clinton years is absurd .
The Clinton years were the best financial years in our lifetime.
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Clinton years were the product of an enormous pile of 80s investment. VCs and equity shops exploded when tax burden became manageable. That drove enormous piles of business financings, which drove enormous piles of job creation, whic drive enormous piles of ...
 
#36
#36
if i was hungry ,i would be picking up cans off the side of the road the u.s. has gotten lazy as hell. hungry catch fish for your family i say!
 
#37
#37
BigPapaVol said:
Clinton years were the product of an enormous pile of 80s investment. VCs and equity shops exploded when tax burden became manageable. That drove enormous piles of business financings, which drove enormous piles of job creation, whic drive enormous piles of ...
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It had more to do with the internet boom.
 
#38
#38
tang said:
if i was hungry ,i would be picking up cans off the side of the road the u.s. has gotten lazy as hell. hungry catch fish for your family i say!
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Why work for it when there are much easier alternatives?
 
#39
#39
Gramps said:
I am for a flat tax for all but for everyone to flip out and act like the world is going to come to a halt if taxes were to go back to where they were during the Clinton years is absurd .
The Clinton years were the best financial years in our lifetime.
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Did Clinton create that environment or was it from the seeds of the business friendly policies of Reagan?
 
#46
#46
Imo we could raise taxes back to
a top rate of 70% and with the loons we have in DC, it would all be squandered away.

Taxes are not the USA big problem, its the idiots we have running our government .
If the govt acted responsible for a change and done what is necessary, a tax increase woukdbe okay. This ridiculous spending is the problem
 
#47
#47
I understand that a president can sometimes benefit from the policies of the one before him, but, by that logic, we could pin one president's poor performance on his predecessor. For instance, according to this logic, we could possibly condemn George W. Bush for Obama's poor job recovery. And I don't see many on here condemning Bush for Obama's poor recovery.

Sometimes things just extend well beyond any one particular president or even policy. Anyhow, I don't feel like getting in a pissing match about this, so I'll move on.
 
#48
#48
Gramps said:
Imo we could raise taxes back to
a top rate of 70% and with the loons we have in DC, it would all be squandered away.

Taxes are not the USA big problem, its the idiots we have running our government .
If the govt acted responsible for a change and done what is necessary, a tax increase woukdbe okay. This ridiculous spending is the problem
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Agreed. The loon currently in the WH is worse than his predecessor, but both screwed taxpayers. Obama's is larger and more painful, but Bush was horrendous, especially since he sold out. We knew what Obama was going to be.
 
#49
#49
Volst53 said:
Did Clinton create that environment or was it from the seeds of the business friendly policies of Reagan?
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It was mainly fron Bill Gates, He changed. the world.
Steve Jobs and s few others also helped.

Reagan and Clinton had very little to do with it.
 
#50
#50
volprof said:
I understand that a president can sometimes benefit from the policies of the one before him, but, by that logic, we could pin one president's poor performance on his predecessor. For instance, according to this logic, we could possibly condemn George W. Bush for Obama's poor job recovery. And I don't see many on here condemning Bush for Obama's poor recovery.

Sometimes things just extend well beyond any one particular president or even policy. Anyhow, I don't feel like getting in a pissing match about this, so I'll move on.
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You didn't support the logic. You just said it could exist. What the hell?

Obama regaled with tales of his new DC approach and how he'd kill unemployment with dumbass programs like his spending orgy. He was a disengenuous piece of garbage throughout his campaign and has remained such in office. Shoving a broken and misunderstood HC program down our throats hasn't helped either.
 
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