Comments on: Joe Biden: ‘Most Americans got nailed’

By: Elwood

Elwood — Wed, 01 Aug 2012 00:32:55 +0000

Gallup: Economic Confidence Declines to Lowest Level Since January

http://cnsnews.com/news/article/gallup-economic-confidence-declines-lowest-level-january

Yes, it’s CNS News, the public relations minion of Satan!

By: JohnW

JohnW — Wed, 25 Jul 2012 19:37:12 +0000

Re: #5

I think we know the trick. I could tell you the secret, but then I’d have to vaporize you.

By: JohnW

JohnW — Wed, 25 Jul 2012 19:34:09 +0000

I wonder who came up with that socialist, redistribute the wealth refundable tax credit idea. Oh, yeah, I forgot, it was that pinko Commie, big government economist, Milton Friedman. They called the idea “negative income tax.” I’m not a fan of it, but it didn’t originate with liberals.

Also, for the record, the Obama tax proposal extends the tax cuts to 100%, not just 98% percent. Everybody gets the Bush tax rates on the first $250k of taxable income ($200k for individuals). If you file jointly and have taxable income of $260k, net of all deductions and exemptions, only $10k would be subject to the pre-Bush rates. In this example, the effect of letting the Bush cuts expire and returning to pre-Bush would be $300.

By: Elwood

Elwood — Wed, 25 Jul 2012 19:01:02 +0000

@ #6 Publius

Many get a check already. It’s called the Earned Income Tax Credit.

Didn’t make enough money to pay taxes and get a refund? Wonderful news! Uncle Stupid will send you a check anyway!

By: Publius

Publius — Wed, 25 Jul 2012 16:01:25 +0000

“It’s a simple proposition – we’re proposing to extend the middle-class tax cut for 98 percent of the American people”

If 50% of the American people pay $0 in income taxes how will 98% of Americans get a tax break? Will the 50% get a check from the IRS as part of thier reduction.

By: Elwood

Elwood — Wed, 25 Jul 2012 02:21:20 +0000

“How does one manage to accumulate $100 million (by some estimates) in a tax-deferred IRA account?”

As soon as he’s elected and has some spare time I intend to ask Mitt.

By: JohnW

JohnW — Wed, 25 Jul 2012 00:28:29 +0000

Biden gave a really great post-Aurora talk to the National Association of Police Organizations (NAPO). Yeah, it’s a union group. But the speech was excellent. Off the cuff, with no Biden gaffes.

By: JohnW

JohnW — Wed, 25 Jul 2012 00:22:17 +0000

Don’t know about the outsourcin’ part, but part of the way they got that much spending’ money is the same way leveraged buyout companies (a/k/a private equity) make money. Load the company (in this case, the USA) up on debt and pull the money out in the form of the Bush tax cuts. It’s a lot easier to build a big fortune into a humongous fortune if your tax rate is 15%.

How does one manage to accumulate $100 million (by some estimates) in a tax-deferred IRA account?

By: RR, Senile Columnist

RR, Senile Columnist — Tue, 24 Jul 2012 22:42:26 +0000

How ’bout them One per- centers gettin’ fat an’ rich while the Rest of Us struggle to make ends meet?. Bet they made all that cash on outsourcin’ companies!

By: Elwood

Elwood — Tue, 24 Jul 2012 20:38:42 +0000

I don’t know to whom I would give more credence, Joe Biden or the village idiot.

Oh, wait a minute–