actually...this is a good thing.....
before the election
I heard hate talk like I hadn't heard since the early 60's
People need to calm down
There's a big dang difference between my saying I'm furious about the income tax rates and how they're spending our money
where my level of anger has made me rise to speak my opinion
and people that actually believe in violent action to change things here
Now it isn't all right wing extremists
a lot of people after the financial collapse and subsequent horrifying solutions are starting to think we need a revolution
Many thought and believed Obama would be that revolution
but we're not 3 months into a new admin that has been hindered at even the most remote opportunity to move forward....
Obama says some great things and he's done some as well
He'd get a LOT more respect if came right out and said he was disappointed in the tax cut......which he should be
so far he hasn't.....
BUT he doesn't make the friggin laws.....
those lazy ass cowardly sniveling bastards in Congress need to get with the friggin program and do something terrific for a damn change
It doesn't take a rocket scientist to realize we have some things that are fundamentally wrong structure wise in our tax code....
it simply isn't fair and it's hurt more than it's helped
it's not that hard to fix....
AND lets back to manufacturing here
I'm sure Obama doesn't want to increase the spending power of the average consumer
only to have the $ go overseas
we've got a lot of fixing to do and while it won't happen over night
let's fix things at the very least for those making less than $125k per year, $250 for couples......
25% is plenty
less than $25k no income tax
$50k 10%
$75k 15%
$100k 20%
$125k 25%
$250k 30%
$500k 35%
remove the AMT......
then take it to 40% on those making more than $1,000,000 and remove the loopholes that caused the AMT to be created
Americans would cheer
Heck you could probably leave it at 35% above $500k if you took out the loopholes
and heck.....use the same scale for long term capital gains
but less than $50k would all be 10%
boost it 5% for short term gains
this would solve a LOT of problems and the wealthy would pay their fair share
My opinion is just that, my opinion.
So make no investment decisions based on my opinion.
#board-9931