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Old October 6th, 2010, 05:40 PM   #1
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Default Are our taxes going up?

According to Obama he was not going to raise our taxes but if congress does not go with Bushes tax breaks we will all be paying approx. $3900.00 more a year in taxes, starting with this year.
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Old October 6th, 2010, 05:42 PM   #2
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I hate taxes!
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Old October 6th, 2010, 05:42 PM   #3
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They won't call it a rise in tax, they'll call it "a return to normal tax rates" Would it be this year or next?
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Old October 6th, 2010, 05:55 PM   #4
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Thanks Obama (and GM).
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Old October 6th, 2010, 06:25 PM   #5
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Gotta pay for health care and stimulus packages somehow.
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Old October 6th, 2010, 08:22 PM   #6
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Originally Posted by howell_jeep View Post
Thanks Obama (and GM).
you need some serious therapy. GM's bailout is a pittance compared to the banking industry bailout and the annual federal deficit in general.
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Old October 6th, 2010, 10:34 PM   #7
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At the rate money is being spent and printed in this country we are in for another financial melt down.
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Old October 6th, 2010, 10:47 PM   #8
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Originally Posted by RyeBread View Post
you need some serious therapy. GM's bailout is a pittance compared to the banking industry bailout and the annual federal deficit in general.
I love ad hominem arguments.
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Old October 7th, 2010, 08:05 AM   #9
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Originally Posted by howell_jeep View Post
I love ad hominem arguments.
you seemingly blame chiefly Obama & GM - for the poor economy and alleged need to raise taxes.

as I pointed out - the financial industry bailout far and away exceeded the cost of the GM bailout. the fairly easy to see corollary argument is that you should be thanking wall-street

it's no secret that you have a major hard-on for GM. almost makes me wonder if you originally hail from hamtramck and lived in a house that sits where the Cadillac/Buick plant now sits...
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Old October 7th, 2010, 08:24 AM   #10
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Originally Posted by Nuggets View Post
Gotta pay for health care and stimulus packages somehow.
not according to the liberal sissies.
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Old October 7th, 2010, 08:26 AM   #11
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Originally Posted by aber61 View Post
At the rate money is being spent and printed in this country we are in for another financial melt down.
U just realized this?
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Old October 7th, 2010, 09:10 AM   #12
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Of course the dems want the cuts to expire but it is close to election time and they know that is not popular. My feeling is if anything is going to be done to renew it, it will happen just before elections. If they wait until after November, then they will not renew them.
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Old October 7th, 2010, 09:14 AM   #13
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Harry Reid has already decided that the matter (extending the lower tax rates) will not come to the Senate floor before the elections. As majority leader of the senate, he has the power to make that decision. Pretty soon we will just send all of our money to washington and they will decide if we deserve to get any back.
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Old October 7th, 2010, 09:31 AM   #14
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Quote:
Originally Posted by RyeBread View Post
you seemingly blame chiefly Obama & GM - for the poor economy and alleged need to raise taxes.

as I pointed out - the financial industry bailout far and away exceeded the cost of the GM bailout. the fairly easy to see corollary argument is that you should be thanking wall-street

it's no secret that you have a major hard-on for GM. almost makes me wonder if you originally hail from hamtramck and lived in a house that sits where the Cadillac/Buick plant now sits...
Two wrongs do not make a right and a bigger wrong does not erase a smaller one. Money doesn't magically appear out of nowhere, unless you are the fed and print funny money, but then it disappears elsewhere in terms of its value. It all has to be paid for one way or another, and if taxes do not cover it, the loans gov't takes will have to be paid through future taxes on, among others, me and my family, for a few generations.

I would talk about the financial bailout, as I believe it to be far more destructive than any other, but I do not believe we have any bankers here. We do, however, have some GM folks here, and talking about cars is a little bit more related to this board than financial industry.

There are numerous other matters that will make taxes go up. I am not as intelligent as you and can't talk about all the problems in one thread, so I picked two that were on my mind. I may be mistaken, but I do not believe this warrants a therapy.
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Old October 7th, 2010, 10:20 AM   #15
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Quote:
Originally Posted by howell_jeep View Post
Two wrongs do not make a right and a bigger wrong does not erase a smaller one. Money doesn't magically appear out of nowhere, unless you are the fed and print funny money, but then it disappears elsewhere in terms of its value. It all has to be paid for one way or another, and if taxes do not cover it, the loans gov't takes will have to be paid through future taxes on, among others, me and my family, for a few generations.

I would talk about the financial bailout, as I believe it to be far more destructive than any other, but I do not believe we have any bankers here. We do, however, have some GM folks here, and talking about cars is a little bit more related to this board than financial industry.

There are numerous other matters that will make taxes go up. I am not as intelligent as you and can't talk about all the problems in one thread, so I picked two that were on my mind. I may be mistaken, but I do not believe this warrants a therapy.
I never said two wrongs do make a right. In terms of causation I'll go back and suggest that your feelings essentially towards GM are narrow sighted and misguided - especially if you just take a token look at the order of magnitude of big-picture items on the budget/deficit... but on the subject, in as much as I share a loathing for Obama and his Agenda - he doesn't make budget appropriations - that's the Senate's Job, so you should thank Messr's Reed and his cronies more so than Obama...

Also, we do in fact have folks employed in the financial, and securities sectors here. Continually harping on an employer of many folks that are here has nothing to do with the intent of this board, or this sub-forum, that's a red herring argument.

your ever present hatred, and vitriol aimed at GM is arguably cause for therapy IMHO - but then it has been a while since I stayed at a holiday inn express... and I'm not that smart...
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Old October 7th, 2010, 11:45 AM   #16
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Your taxes go up everytime the dollar is devalued through inflation, which is every day. So the answer is yes and has been so since June 5 1933 when FDR took us off the gold standard. Will congress continue to add to that pain with higher tax rates, yes.

The collapse of the dollar is mathmatically certain, so I say the sooner the better. Only after it's failure do we have any hope of returning to fiscal sanity.

The only real question to ask is are they really that stupid or are they doing this on purpose?




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Old October 7th, 2010, 12:09 PM   #17
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Quote:
Originally Posted by RyeBread View Post
I never said two wrongs do make a right. In terms of causation I'll go back and suggest that your feelings essentially towards GM are narrow sighted and misguided - especially if you just take a token look at the order of magnitude of big-picture items on the budget/deficit... but on the subject, in as much as I share a loathing for Obama and his Agenda - he doesn't make budget appropriations - that's the Senate's Job, so you should thank Messr's Reed and his cronies more so than Obama...

Also, we do in fact have folks employed in the financial, and securities sectors here. Continually harping on an employer of many folks that are here has nothing to do with the intent of this board, or this sub-forum, that's a red herring argument.

your ever present hatred, and vitriol aimed at GM is arguably cause for therapy IMHO - but then it has been a while since I stayed at a holiday inn express... and I'm not that smart...
In your ever present suggestions of sending people to therapy you seem to miss the point of this thread, which is, to remind you, whether our taxes will go up. Are you trying to tell us that the bailout of GM and others has no effect on our taxes and that Obama has no say in whether or not Bush's tax cuts are extended? You certainly give that impression.

You would rather blame wall-street. In all the bad decisions of GM, they made a good one, at least for GM, to get money from poor Americans and go through Bankruptcy rather than to borrow money. Financial institutions did the same thing. One cannot blame them for what they did. It's not right, but our blind or corrupt politicians did not dare to say "NO".

Because of these actions, you cannot argue that Obama and GM in some way have not contributed to future rise in taxation, so you stoop to elementary school level and send people to therapy.
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Old October 7th, 2010, 01:05 PM   #18
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Quote:
Originally Posted by howell_jeep View Post
In your ever present suggestions of sending people to therapy you seem to miss the point of this thread, which is, to remind you, whether our taxes will go up. a bullshit bait thread if there ever was one. everyone knows taxes are going up

Are you trying to tell us that the bailout of GM and others has no effect on our taxes and that Obama has no say in whether or not Bush's tax cuts are extended? You certainly give that impression. point out precisely where I suggested that, or even implied it. I am simply pointing out your flawed approach in blaming chiefly Obama and GM. I know full well that the causal factors of our poor economy and budget deficit are far too complex to simply state they are the result of one or two small name-blame-storming... something you'd evidently prefer to do judging by your first reply in the thread.

You would rather blame wall-street.
are you not "just blaming Obama and GM" in your original reply in this thread and continual ranting and railing against GM in the pub?
In all the bad decisions of GM, they made a good one, at least for GM, to get money from poor Americans and go through Bankruptcy rather than to borrow money. Financial institutions did the same thing. One cannot blame them for what they did. It's not right, but our blind or corrupt politicians did not dare to say "NO".
GM also asked for a bridge loan - not to be taken over by the Feds... I'm sure Jack Wagner did not forsee the possibility that Obama would circumvent the normative business process of a Board of Directors firing him

Because of these actions, you cannot argue that Obama and GM in some way have not contributed to future rise in taxation, so you stoop to elementary school level and send people to therapy.
Stooping? I'm not the first one to suggest you should get off of GM's nuts...
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Old October 7th, 2010, 01:08 PM   #19
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I'm a banker.
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Old October 7th, 2010, 01:20 PM   #20
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Quote:
Originally Posted by RyeBread View Post
Originally Posted by howell_jeep
In your ever present suggestions of sending people to therapy you seem to miss the point of this thread, which is, to remind you, whether our taxes will go up. a bullshit bait thread if there ever was one. everyone knows taxes are going up

Are you trying to tell us that the bailout of GM and others has no effect on our taxes and that Obama has no say in whether or not Bush's tax cuts are extended? You certainly give that impression. point out precisely where I suggested that, or even implied it. I am simply pointing out your flawed approach in blaming chiefly Obama and GM. I know full well that the causal factors of our poor economy and budget deficit are far too complex to simply state they are the result of one or two small name-blame-storming... something you'd evidently prefer to do judging by your first reply in the thread.

You would rather blame wall-street.
are you not "just blaming Obama and GM" in your original reply in this thread and continual ranting and railing against GM in the pub? In all the bad decisions of GM, they made a good one, at least for GM, to get money from poor Americans and go through Bankruptcy rather than to borrow money. Financial institutions did the same thing. One cannot blame them for what they did. It's not right, but our blind or corrupt politicians did not dare to say "NO".
GM also asked for a bridge loan - not to be taken over by the Feds... I'm sure Jack Wagner did not forsee the possibility that Obama would circumvent the normative business process of a Board of Directors firing him

Because of these actions, you cannot argue that Obama and GM in some way have not contributed to future rise in taxation, so you stoop to elementary school level and send people to therapy.

Stooping? I'm not the first one to suggest you should get off of GM's nuts...
Thank you for agreeing with me that Obama and GM are at least partly responsible for the rise in taxes.
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