The hyperbole, spin, and fabrication lost you the election. What do you hope to
gain by continuing such nonsense?
Hawkeye,"My question for you is: Why would you feign shock at a
high figure and then later rationalize it away as if it were no big
deal?:"LOL Well said! He/she is just spinning their head trying
to keep their nonsense from contradicting other nonsense they say.My
question:Why are the rich paying millions already and being forced
to pay even more.Fact: Mitt paid over $2 million in taxes last
year.Fact: the average American paid less than 1% of what Mitt paid.Why?When Mitt drives on the road does his car do 100 times
the damage that mine does?Nope. We do the same damage. We should
both pay for the damage we do.Does Mitt's wealth cause the
police force to multiply?Nope.He and I should pay the
same.Rich people:I'm sorry there are so many lazy
people not willing to pay for what they USE.
Maybe David Siegel needs to hire more people in swing states.
Hello again Hawkeye79I never rationalized taxes as high as the 50-
to 75% or more. I think IJ's comments are fear tactics. Throwing out
numbers that he pulled from a hat with no factual basis behind them. So you are saying a 4.6% increase, back to where they used to be is
unreasonable? You feel that continued cuts are the solution for bringing the
debt down? I am shocked that anyone who does not think taxes will
have to be increased is living in a fantasy world.
Hi JoeBlow,You seem to be suggesting that a person's tax rate
automatically decreases as they earn more money. Nothing could be further from
the truth.It is true that the capital gains tax rate is lower than
traditional tax rates, but that is because our economy is stronger when more
people are willing to invest their money. When the wealthy take a look at their
post-tax dollars, I would hope that they will be willing to reinvest them in
organizations that can hire more workers.Every time the capital
gains rate is increased, more companies (especially small businesses) lose out
on funding. There are many business ideas that are viable investments at a 15%
tax rate, but no longer viable at 35%, 25%, or even 20%.
@ Hawkeye79: I'm a little confused - IJ states that if Obama is
re-elected, taxes will go up 50-75% or more, non believer points out that if the
Bush cuts expire, taxes will go up 4.6% on the top tax bracket - you then state
that does not take into account any taxes other than federal income taxes.What do taxes other than federal income taxes have to do with who is
President?4.6% is $46,000 on $1,000,000. People paid more than that
to have dinner with Romney. But now we are supposed to believe that paying that
will prevent them from keeping their business open or will discourage them from
working?Business owners are going to forfeit $604,000 over $46,000?
Anyone who thinks that is good math and makes sense, shouldn't be running a
"I think you'll find that 39.6% is a VERY low figure."Unless you then take into account the deductions for dependents, mortgage,
long term capital gains, IRA and Roth Contributions, etc etc.The
average effective top federal tax rate is well under 25%. And for the really
rich, like Mr Romney, it is under 15%. No, 50-75% is not realistic.
Not by a long shot.
@IJ"If taxes are increased on people to the point of 50 - 75% or
more"Nobody anywhere is proposing that.
Hi non believer,I'm glad that you are aware that the 50-75% tax
figure is not unrealistic. In your post above you seemed shocked when another
commenter had suggested it. In fact, you called it a "scare tactic."My question for you is: Why would you feign shock at a high figure and
then later rationalize it away as if it were no big deal?
It used to be illegal? I don't think so. Not in my lifetime. Your boss
could always tell you how to vote. But he could never go in the booth with
you.An interesting historical event involved the Hoover Dam workers.
Management was pushing Hoover, but FDR won hands down in Boulder City.So...your boss can tell you what he wants and you can ignore him.
Howdy there Hawkeye79They would only return to where they were prior
to his cuts. The same amount they had been paying for years prior to 2001. In my personal opinion, they need to expire for all American's.
There is no way spending cuts alone are going to make a dent in 16 trillion.
Hi non believer,Now that you have considered the federal income tax
rate, make sure to add in a state tax rate, sales tax rate, payroll taxes, and
all other taxes that businesses are subjected to.I think you'll
find that 39.6% is a VERY low figure.
Saying you want Romney to win is free speech. Saying you'll lay off
thousands of employees if Obama wins is crossing the line. If the Deseret News
story is accurate, I would think this guy would be in deep legal jeopardy no
matter who wins.
To IJIf the Bush tax cuts were to expire, the Rich would go from 35%
(the highest bracket) to 39.6% a whopping 4.6% increase. Where do you get these
50 to 75% figures from? Scare tactics only work on the weak minded!
IJ, realities or fantasies?
Why would anyone take any advice from David Siegel? If they raise his taxes then
he will not be able to complete his 90,000 sq ft Versailles mansion with a 6000
sq ft master bedroom..... Oh boo hoo! He could care less about his
employee's since it is all about him!
If you close up shop or reduce staff based on the results of an election, you
won't be missed. The great thing about this country and capitalism is that
there is always someone else ready to step up and do the job you gave up on.
Bosses, bossy spouses, parents, children, siblings, and friends can push and
intimidate others during the election cycle. Vote what your heart tells you is
right.No one need ever know who you voted for.If you feel frightened
and intimidated into having to share that precious, private information, I am
very sorry for you.
I wouldn't say they are telling them how to vote. I would say they are
explaining the harsh realities. If taxes are increased on people to the point
of 50 - 75% or more, you wouldn't keep working either. It would just be
easier to go on the dole. In fact, why don't we all just go on government
assistance and see how long that lasts.