An Obamanomics Preview

[AYHJA]

Stumped what Obama crowd..? And nobody brought up Clinton but you...CDR...Like I asked before man, who are you talking to..? Are you getting all riled up at work and then coming here and trying to lay wood or what..?

Real talk...I would bet my left nut...That if you asked McCain those very same questions without him having anyone around him...Even wrote them bitches down for him...He couldn't answer them...That's why there is no McCainomics thread...

:)

But here's the thing...In light of recent conversations in this forum, I am inclined to read the things you write, and then do my own homework...Where is your source material, or proof that the figures you're quoting are accurate..? Just a mention will suffice if you don't have a link...Reason being..? Lets just examine question A...

A) Your death tax question...The percentage of Americans making or having 7 million dollars in assets is probably less than 3%...And most of those have inherited wealth...What was taxed before will be taxed afterwards...You say Obama's 45% rate...Bud, that rate is already in place..! How is it Obama's..?

In general, estate tax currently applies only to estates valued at more than $2 million and tops out at a 45% rate. The exclusion amount is already set to rise to $3.5 million in 2009, followed by a repeal of the estate tax in 2010, and then a reinstatement of the estate tax in 2011 with the exclusion amount reverting back to $1 million and the tax rate topping out at 55%.

Senator McCain has proposed raising the estate tax exclusion amount to $5 million and setting a maximum estate tax rate of 15%, while Senator Obama has proposed raising the estate tax exclusion amount to $3.5 million and maintaining the maximum estate tax rate at its current 45% level.

So, you say Obama's this, and Obama's that...But either you're posting the question wrong or you're ready to refute that last tidbit of information I posed w/the IRS...

For estates of decedents dying, and gifts made, after 2006, the maximum rate for the estate tax and the gift tax for 2007, 2008, and 2009 is 45%.

Source: http://www.irs.gov/formspubs/article/0, ... 82,00.html

[raum]

But here's the thing...In light of recent conversations in this forum, I am inclined to read the things you write, and then do my own homework...

and it is rarely pertinent to the question I bring up. and it is demeaning. I post FUCKING BOOKS for links, and get no feedback but the same Palin bought her own tanning bed bullshit.

I post links everytime I am requested to. They are not hard to find. But I frankly am offended that for some reason I am the only one asked to post links, though I do so on anything that you ask, and still you treat me like I am simply not credible when the only change has been that I do not and will not endorse Barack Obama. The least of the reasons are his economic policies are dangerous overexpenditure unless serious reform is brought to them.

As for McCain's worry, he is not going to kill the rich with heavy increases in taxes, so the people seeking zero income will be much less. Also a spending freeze will not cause for far less money to be required, so previous tax levels will work quite easily compared to Obama's increase and assumption of tax burden on the affluent. He has economic chllenges, but the one about fighting people retiring because of higher taxes is not really one unless he raises taxes.

As a sidenote:
Your views have become similar to what you used to criticize about brains. My convictions are consistent with the same kind of opposition I had to his posts.

On the "estate tax" look at the future of the MARITAL EXEMPTION and allowance by probate. That was what my point was about. Also, look at Obama's history of proposals on the estate tax and how they changed more in line with McCains.

[AYHJA]

Dude, its not demeaning...You sometimes have distortions floating around and you don't address them...That's all I'm saying...You said Ayer's bombed some shit and killed some people...I went and looked, read at least 5 different sources, and saw no such thing...And here, you're saying Obama has some 45% tax shit going on, and when I go to the irs.gov website, I see the same figures you're quoting already in place...I mean, I can read Homez, that's what YOU said...I'm not arguing anything...You're putting up material that you say is fact, I can't tell though...You say you stumping crowds, the only thing I'm stumped about is where you get your information...I'm reading what you're sourcing and not getting the same information...

I don't have views...Take a quick view through this thread and tell me what my view is...We're discussing information, I wasn't aware I was being asked for my views...My conviction is that this all blows...But again, for clarity....

.....does Obama's 45% death tax........

How is that Obama's death tax if its already in place..?

If you meant martial exemption and allowance by probate, then say that...If you want us to compare conflicting policies in regards to the current death tax, lets say that...If you want us to compare dissent in Obama's proposals over time, lets say that...But lets not say things like this, and then wonder why I got my hand up in the middle of the lecture...

[raum]

Dude, its not demeaning...You sometimes have distortions floating around and you don't address them...That's all I'm saying...

I have had to post essays to explain questions about stuff I honestly thought should be sommon knowledge. My "distortions" are usually because I quess people know more than they usually do. But others have distortions as well.... and no one ever gets called out like me.

You said Ayer's bombed some shit and killed some people...I went and looked, read at least 5 different sources, and saw no such thing...

The absolute facts, http://foia.fbi.gov/foiaindex/weather.htm

Read this. The full thing. Bernadine Dohrn (Ayer's wife and former co-worker of Michelle Obama at the law offices of Sidley and Austin, where she met Barack as she was his mentor during his association. This law firm was run by a friend of Ayer's father. You may, again, say this means nothing - but you can not deny it. And if no less than five close academic and professional ties doesn't seems suspicious to you, I question your criteria for involvement. People do not have to be "buddies" to share views and work to common goals in their respective roles.) She was the FBI's most wanted woman in the world for a reason. She militarized the Weatherman.

I studied to be a member of a Hostage Rescue Squad. I developed counter-terroism SAT and BAF measures. I know so much about socially democratic revolutionism that you can only get from going to Berkeley California and immersing yourself in the aftermath of that culture. I did so for 10 years. I spoke to someone who was Weatherman. He was fully ashamed of the cops who died in San Francisco. He also admits he was doing so many drugs at the time he doesn't know if he was involved. He did his time, and is out. Rudd... cause I know you are going to ask his name. I met him through organized efforts from servicemen and civilians to clean up military environmental regulations.... you know that was my motivation for joining the navy.

And here, you're saying Obama has some 45% tax shit going on, and when I go to the irs.gov website, I see the same figures you're quoting already in place...I mean, I can read Homez, that's what YOU said...I'm not arguing anything...You're putting up material that you say is fact, I can't tell though...You say you stumping crowds, the only thing I'm stumped about is where you get your information...I'm reading what you're sourcing and not getting the same information...

It is set to be repealed in 2010.
McCain is proposing reinstating at 15% http://www.taxpolicycenter.org/numbers/ ... ocTypeID=5
(Item 4)

- Obama is planning to reinstate it at the current 45%, which has seriously damaged our economy.

How is that Obama's death tax if its already in place..?

It is not currently Obama's. This was not meant to last forever. it was meant to be temporary boost. It failed exponentially. HIS DEATH TAX IS PERPETUAL CONTINUATION OF A FAILED TAX POLICY.

If you meant martial exemption and allowance by probate, then say that...

My question illustrated EXACTLY that. By "nonparticipant" - that is a spousal stake in a business partnership only through marriage... where they lend no equity or services of their own to the business. Democrats consistent with Obama's views have spoken of deepening the Death Tax. It hasn't and won't work.

If you want us to compare conflicting policies in regards to the current death tax, lets say that...If you want us to compare dissent in Obama's proposals over time, lets say that...But lets not say things like this, and then wonder why I got my hand up in the middle of the lecture...[/quote]

Ok, "Obama's proposal to perpetually continue a 45% estate tax" = Obama's 45% tax.
McCains proposal to lessen it to 15% is McCain's 15% death tax.

BOTH lend power to the illegal dollar's buying power.