The Real Board
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Obama's tax increase.

2 posters

Go down

Should Obama raise income taxes

Obama's tax increase. Vote_lcap67%Obama's tax increase. Vote_rcap 67% 
[ 4 ]
Obama's tax increase. Vote_lcap0%Obama's tax increase. Vote_rcap 0% 
[ 0 ]
Obama's tax increase. Vote_lcap17%Obama's tax increase. Vote_rcap 17% 
[ 1 ]
Obama's tax increase. Vote_lcap16%Obama's tax increase. Vote_rcap 16% 
[ 1 ]
 
Total Votes : 6
 
 

Obama's tax increase. Empty Obama's tax increase.

Post  Scooby01_98 Tue Nov 16, 2010 7:04 pm

Should the tax code revert back to the previous code? Sorry $250K is not rich and should not be hit with a higher tax code than what it is currently at.

If it must change raise the taxes of those making more than $5 million but all businesses must have there tax burden lowered to around 15%
Scooby01_98
Scooby01_98
Jedi Padawan
Jedi Padawan

Male
Number of posts : 1642
Location : The Fort

http://www.nola.com

Back to top Go down

Obama's tax increase. Empty Re: Obama's tax increase.

Post  Pez Wed Nov 17, 2010 3:27 pm

Not sure what you mean by the codes. If you are talking about the Bush tax cuts, yes, those should expire.

After a decade of taxes being lowered on the richest americans, where are these jobs that are supposed to be created?

Pez
Jedi Padawan
Jedi Padawan

Male
Number of posts : 1979
Location : Ft Wayne

Back to top Go down

Obama's tax increase. Empty Re: Obama's tax increase.

Post  Scooby01_98 Wed Nov 17, 2010 5:48 pm

Pez wrote:Not sure what you mean by the codes. If you are talking about the Bush tax cuts, yes, those should expire.

After a decade of taxes being lowered on the richest americans, where are these jobs that are supposed to be created?

The current tax rates are the current tax codes. After 9 and 7 years that is the norm. Letting them expire changes the current tax code and Obama raises the income tax rate.

What is amazing is you say we can afford the 3 trillion dollars over the next 10 years for keeping the current tax code for under 250K, but cannot afford the 700 billion for the next 10 years for those above 250K. So lets look at this way, we can borrow 3 trillion dollars but not cut 70 billion a year out of a bloated federal gov't.

For the 2nd part of your question. Why should they continue to invest not knowing how much more Obama care is going to cost them. How much more they may have to pay for cap and trade. etc, etc.

I would also have to say from 2002 thru 2007 those tax rates worked very well, lowering the unemployment rate from 6% to under 5%. It was only after the Dems started to take over the house then the senate that investors started hanging on to there money.
Scooby01_98
Scooby01_98
Jedi Padawan
Jedi Padawan

Male
Number of posts : 1642
Location : The Fort

http://www.nola.com

Back to top Go down

Obama's tax increase. Empty Re: Obama's tax increase.

Post  Pez Wed Nov 17, 2010 5:57 pm

I didn't say that we can afford anything. We cant afford not to raise taxes. Cut spending and raise taxes across the board. There's no choice anymore.

Pez
Jedi Padawan
Jedi Padawan

Male
Number of posts : 1979
Location : Ft Wayne

Back to top Go down

Obama's tax increase. Empty Re: Obama's tax increase.

Post  Scooby01_98 Wed Nov 17, 2010 6:02 pm

Pez wrote:I didn't say that we can afford anything. We cant afford not to raise taxes. Cut spending and raise taxes across the board. There's no choice anymore.

So cutting spending isn't even an option?
Scooby01_98
Scooby01_98
Jedi Padawan
Jedi Padawan

Male
Number of posts : 1642
Location : The Fort

http://www.nola.com

Back to top Go down

Obama's tax increase. Empty Re: Obama's tax increase.

Post  Pez Thu Nov 18, 2010 7:30 am

Scooby01_98 wrote:
Pez wrote:I didn't say that we can afford anything. We cant afford not to raise taxes. Cut spending and raise taxes across the board. There's no choice anymore.

So cutting spending isn't even an option?

Sure, that's why I said cut spending Very Happy

Pez
Jedi Padawan
Jedi Padawan

Male
Number of posts : 1979
Location : Ft Wayne

Back to top Go down

Obama's tax increase. Empty Re: Obama's tax increase.

Post  Sponsored content


Sponsored content


Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum