Posted on 11/11/2012 9:58:55 AM PST by i88schwartz
BILL KRISTOL: The leadership in the Republican party and the leadership in the conservative movement have to pull back. Let people float new ideas, let's have a serious debate. Don't scream and yell when one person says, 'You know what? It won't kill the country if we raise taxes a little bit on millionaires.' It really won't, I don't think.
I don’t really understand why Republicans don't take Obama's offer to freeze taxes for everyone below $250,000 -- make it $500,000, make it a million. Really? The Republican Party is going to fall on its sword to defend a bunch of millionaires, half of whom voted Democratic and half of whom live in Hollywood and are hostile to Republican principles.
(Excerpt) Read more at realclearpolitics.com ...
Yep, but the AMT soaks the blue coastal states residents the worst.
And for that, I like it. It’s cosmic justice, coming back around on the people who voted for nonsense like the AMT.
I will go one step further, I am calling for Dems to pay the exact same tax like they pay in France..70 percent..rich libs love Obama so much, time to cough up the cash..Sarah Jessica Parker, Eva Longoria, Beyonce, and all the rest of them..Id like to see the look on their smug faces when they hear they will have to pay 70 percent..hope they are wearing dark pants
I am really tired of DUMB you know whats....MILLIONAIRES have TAX attorneys and Accountants who they can pay to REDUCE their taxes...take a look at Warren Buffet and Bill Gates and others....soooo...WHO will pay MORE in taxes? The MIDDLE class you dumb you know what!
>>It may also be unintentional, but maybe the tax law writers realize this.
It is very intentional. As you said, its hard to move labor income offshore but easy to move wealth. Second, the wealthy are represented by the banks and Wall St and that’s who owns both sides of the RepubliCrat Party.
Once a Democrat gets a Republican to go along with a tax increase, they change the increase to include everyone who pays taxes. Oldest trick in the book.
Or they’ll just flee the country, like Denise Rich did.....just because they voted for higher taxes, doesn’t mean they voted to be subject to them. Taxes are for the “little people.”
Criticize them all you want, but those Democrats sure learned their lessons from recent history -- and they learned them well. As they learned back in the 1993-94 budget cycles, never legislate a massive tax hike in Congress if a Democrat in the White House has to sign it into law. This is why, for example, the "Bush tax cuts" are still in place more than a decade after most of them were put in place. They even survived a two year period in 2009-10 when the Democrats controlled the White House and both houses of Congress and could have ended them without any opposition at all.
UM....We are in one of the “blue coastal states”....and will get hit by the AMT for the first time ever this year, due to family business issues ... So, aim your wrath at the LEFTISTS NOT the Left coast....
It won’t kill the economy, but it will have a small detrimental effect on it. Not sure I am opposed to the idea of letting the economy decline as the results of Obama policies become obvious for all in reality (not just theory).
I'm sure you're checking with a tax specialist on this, but one thing I learned is that a person in the AMT bracket who does not own a home is in a pretty enviable position. The AMT eliminates most itemized deductions and replaces them with a single large personal exemption, so if you find yourself in that position there is no value in having the ability to deduct mortgage interest, state and local taxes, etc. In my case, the personal exemption under the AMT far exceeded what would have been available to me in the form of itemized deductions anyway.
I’m fascinated. Could you go into more detail, maybe give an example?
That is true and one of the roots of our problem. Tens of thousands of small cuts over 50 years and we get to this point where we are finally hobbled the economy so badly that now we are starting to get poorer.
But you can't point to one single reason for it. I've had people say, in the discussion of the crippling regulations - well what regulation would you get rid of?
It sound like such a reasonable question but it's like asking which drop of water sunk the Titanic.
Raise taxes on entertainers.
Raise taxes on entertainers and sports figures.
The reason is, of course, that it buys the 'Rats more votes. Like the 'Rats they are, the 'Rats aren't interested in solving the problem, they just want to pander and buy votes. I really, really wish the electorate would understand this. But they don't, and they don't care. They just want Santa Claus to give them toys. And that means 'Rats.
When you say “do not own a home”—do you mean someone who is not paying interest on a mortgage, or are you drawing a distinction between renters and owners? (I can’t believe that I used to prepare people’s taxes many, many years ago and am so confused.)
Bill Kristol, the WEAKLY STANDARD is the same as Time -- both are worthless!!
At this point, I agree with him. Give Obama what he wants, send the economy over a cliff. Why should we be “obstructionist” to save Bill Gates, Bruce Springsteen and Warren Buffett a few bucks?
RINOs new contract with Amerika:
One or two abortions are okay, beyond that we hold firm on our core principles
Small business owners should go bankrupt if there is a union shop that makes the same product. Beyond that, we hold firm on conservative values.
The Amish, like everyone else, should be forced to buy GM cars and light duty trucks - but they can keep their horses and buggies for weekends.
Catholics should be ordered to attend Mass with at least one pedophile homosexual priest in service. Holy water receptacles should be restocked with condoms - after all, can’t deprive the poor of contraception.
Marriage should be between one man and one woman, or one man and one man, or one woman and one woman. Beyond that we stand firm on our core conservative principles and values.
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