Out Of Their Anti Tax Minds

[Craig234]

...it is not in this country's interest to have dynasties.

That's gonna cost you your Republican card, but get you a better one.

 

[ElFenix]

ANd the GOP majority congress took the heat for the government shutdowns in the mid 90's under Clinton's presidency. It's a big gamble to think they won't take the heat this time too.

Edit: beaten by eskimospy. Now I'm just being redundant. Dammit!

what heat?

 

[Craig234]

what heat?

Not enough. Public opinion was against Republicans for it, and Clinton was re-elected.

 

[CallMeJoe]

Revenue means my money. Fuck democrats. You want to take away my deductions Obama. Well fuck you and fuck Obama.
This has been his plan all along. You must not have been paying attention to this fucker.
I have. Search my posts. This was his plan. He told you what he was going to do
Fuck Obama.

When you need someone to make the most radical of the Norquist devotees look completely reasonable by comparison, spidey proves himself worthy of the challenge.

 

[JSt0rm]

Conservatives are no fan of Brooks. Besides, he's wrong. People only remember who's at the helm. Just like no one remembers what Congress did during W's reign, people will blame Obama for everything if SHTF.

^^ so thats the plan eh? Destroy everything and hope "the people" see Obama as the reason?

 

[CallMeJoe]

^^ so thats the plan eh? Destroy everything and hope "the people" see Obama as the reason?

We have to destroy the nation to save it from the Kenyan Muslim Marxists...

 

[Craig234]

^^ so thats the plan eh? Destroy everything and hope "the people" see Obama as the reason?

I hate to say, it's politically pretty viable IMO.

Just terrible for the country, in order to help the rich.

 

[spidey07]

spidey, comon man. I agree with you on a lot of things, but if you stop for even 5 minutes to think, even you can see there are some real distortions in the tax code that benefit the top 0.1% at the expense of pretty much everyone else.

Seriously...carried interest?? WTF. Cutting inheritance taxes to zero? (Steinbrenner's timely 2010 death saved his Yankee family millions in taxes) -- it is not in this country's interest to have dynasties. Capital gains taxes at 15% which benefits only the 'investor' class of society while earned income/salaried income is taxed at a higher effective rate?

The Dems are batshit crazy too with never wanting to cut a damn thing, growing govt and raising taxes all the time if we let them. But if we want to be taken seriously as conservatives, some of these distortions benefiting primarily the top 0.1% need to be corrected pronto.

Look. This fucker said he was going to eliminate deductions for mortgage interest and charitable deductions - this is STILL what he is proposing, what he is pushing to "stick it to those millionaires and billionaires". This is STILL his plan, the fucker proposed it in his 09 budget and he's keeping true to his plan and word.

I've paid very close attention to this fucker, what he says, his words, his deeds, and his actions. You haven't been paying attention to him. Pay attention to this president. I called him out on this shit in his 09 budget plan and he's still pushing it. Search my posts on this subject, I've been hammering his fuckstain on this very subject since early 08.

Fuck Obama. Pay attention.

 

[Craig234]

This fucker... the fucker... his fuckstain... Fuck Obama.

Credible poster.

 

[spidey07]

Credible poster.

Prove me wrong. I have been paying attention to him since he came onto primary race. I know who he is.

Let me refresh one's memory...
http://articles.latimes.com/2009/mar/14/business/fi-deduct14

http://blog.charitynavigator.org/2009/02/obama-budget-and-charitable-tax.html

This is just what google brought up, but I remember his budget plans and was just as outraged then as I am now. Fuck Obama. He said as much on his campaign trail in 2008. Fuck Obama.

Now you know why I document him so much, folks have short term memory. He SAID he was going to do this. Document his words, deeds and actions.

 

[ConstipatedVigilante]

spidey, comon man. I agree with you on a lot of things, but if you stop for even 5 minutes to think, even you can see there are some real distortions in the tax code that benefit the top 0.1% at the expense of pretty much everyone else.

Seriously...carried interest?? WTF. Cutting inheritance taxes to zero? (Steinbrenner's timely 2010 death saved his Yankee family millions in taxes) -- it is not in this country's interest to have dynasties. Capital gains taxes at 15% which benefits only the 'investor' class of society while earned income/salaried income is taxed at a higher effective rate?

The Dems are batshit crazy too with never wanting to cut a damn thing, growing govt and raising taxes all the time if we let them. But if we want to be taken seriously as conservatives, some of these distortions benefiting primarily the top 0.1% need to be corrected pronto.

I enjoy reading your posts and would like to subscribe to your newsletter, good sir.

Edit: Spidey, you sound an awful lot like my Dad. My Dad is a very intelligent man, but he is somewhat blinded by his hate for Obama and liberals/democrats in some ways.

 

[Jhhnn]

Let's do the math on Spidey's paranoia.

Start with a $850K house, 10% down. The payment on a 15 year (not 30 year) note would be ~$6500. X 12 = $78K/yr. If the couple's income were over $250K they'd lose 5% of their deduction under Obama's proposal, $3900. At a 33% tax rate, they'd pay $1300 more in taxes. And that's just for the first couple of years when the payments are virtually all interest. As the note switches over to pay down the principal, the deductible amount goes down.

That's what Spidey's raving about as if it were the end of the world as we know it, paying an additional .5% in federal taxes on an income of $250K. Chump change for that income bracket.

He's nuts, and anybody who doesn't know it by now is nuts, too.

 

[JSt0rm]

He's nuts, and anybody who doesn't know it by now is nuts, too.

Everyone knows he is insane. He has admitted to eating like 10 hits of acid at a single time. He is long gone, he must of been listening to Rush during his acid trips

 

[brencat]

Look. This fucker said he was going to eliminate deductions for mortgage interest and charitable deductions - this is STILL what he is proposing, what he is pushing to "stick it to those millionaires and billionaires". This is STILL his plan, the fucker proposed it in his 09 budget and he's keeping true to his plan and word.

Okay, now you look. Read my words... mortgage interest and charitable deductions will never be eliminated. But.... what is the harm in lowering the size of mortgage that is eligible for interest deductions from $1 million to say $750k ? Think about it... how many 'middle class' or even 'upper middle' class have mortgages that big on a percentage basis ? It's not my fvcking problem if you only make $80k and have an $800k mortgage -- that means you're a fvcking retard and deserve to get blown up financially.

Okay, so maybe if these people want to avoid having their deductions limited, maybe they put more money down and carry a smaller mortgage. This deduction was really meant for people of more modest means to get them into home ownership. But the bigger the mortgage you can deduct, the more tax you shield yourself from. The really rich in the $3 million+ class of homebuying in NJ/NY where I am are mostly paying cash for their homes anyway...look it up.

Also, isn't the AMT starting to bite at this level of income anyway? I know it is for me. The point is, we can give a little ground on these things...make the top 0.1% start paying a greater effective overall tax rate in exchange for the cuts WE are asking be made to entitlements and the size of govt in general.

 

[Jhhnn]

Everyone knows he is insane. He has admitted to eating like 10 hits of acid at a single time. He is long gone, he must of been listening to Rush during his acid trips

Spidey's brain is just fine. It doesn't matter how much LSD he ever took. The problem is in his mind, his thinking, his values, the way he sees the world through a lens of greed & hatred.

If anything, LSD should have changed that for the better...

 

[ProfJohn]

1. The article is no longer available for free it seems. Try cut and paste next time.

2. Brooks is an idiot as is anyone else who believes the numbers they throw around in these budget deals.

3. Proof that Brooks is an idiot for believing the numbers.
The 1990 deal was suppose to "lower the federal budget deficit by $500 billion in the next five years."
http://articles.chicagotribune.com/...41_1_budget-deal-budget-agreement-budget-cuts

What was suppose happened?
http://www.cbo.gov/ftpdocs/64xx/doc6471/90doc217.pdf
According to this 1990 CBO document the combined five year budget deficit should have been $770 billion

What actually happened?
http://www.whitehouse.gov/sites/default/files/omb/budget/fy2012/assets/hist.pdf
The actual five year budget? $1,180 billion.

They only missed it by $400 billion over 5 years. I am sure they will get it right this time...

Oh... and you know why they missed the total? Because the tax increases killed an already weak economy. But hey, let's increase taxes again I am sure it won't happen again. After all when Clinton passed him 1993 tax increase the economy grew slower that year than it did in 1992.... :hmm:

 

[Munky]

I'd rather the US default now than default later. The ponzi scheme can't continue indefinitely, sooner or later it will collapse, people will realize there's no chance in hell that US will pay back the debt. I'd say there's no chance already, but practically no one wants to admit it, especially in Washington. The sooner you clear the toxic debt, the sooner you can have a real recovery.

 

[Jhhnn]

Duh-vert, PJ! Must Duh-vert!

The article is still there- all you have to do is register for 20 free articles per month...

 

[Slew Foot]

Okay, now you look. Read my words... mortgage interest and charitable deductions will never be eliminated. But.... what is the harm in lowering the size of mortgage that is eligible for interest deductions from $1 million to say $750k ? Think about it... how many 'middle class' or even 'upper middle' class have mortgages that big on a percentage basis ? It's not my fvcking problem if you only make $80k and have an $800k mortgage -- that means you're a fvcking retard and deserve to get blown up financially.

Okay, so maybe if these people want to avoid having their deductions limited, maybe they put more money down and carry a smaller mortgage. This deduction was really meant for people of more modest means to get them into home ownership. But the bigger the mortgage you can deduct, the more tax you shield yourself from. The really rich in the $3 million+ class of homebuying in NJ/NY where I am are mostly paying cash for their homes anyway...look it up.

Also, isn't the AMT starting to bite at this level of income anyway? I know it is for me. The point is, we can give a little ground on these things...make the top 0.1% start paying a greater effective overall tax rate in exchange for the cuts WE are asking be made to entitlements and the size of govt in general.

You're contradicting yourself there a bit. The 0.0000001% are paying cash for their houses, the mortgage interest doesnt affect them. It kills the people living in high cost of living areas (usually fairly liberal) where 800K barely gets you into a starter home. You want to put the screws to the banking a-holes, raise short term cap gains tax and put a transaction tax on the stock market.

 

[ProfJohn]

You're contradicting yourself there a bit. The 0.0000001% are paying cash for their houses, the mortgage interest doesnt affect them. It kills the people living in high cost of living areas (usually fairly liberal) where 800K barely gets you into a starter home. You want to put the screws to the banking a-holes, raise short term cap gains tax and put a transaction tax on the stock market.

Devils advocate: doing that hurts economic activity and economic activity is what we need right now.

 

[nonlnear]

You're contradicting yourself there a bit. The 0.0000001% are paying cash for their houses, the mortgage interest doesnt affect them. It kills the people living in high cost of living areas (usually fairly liberal) where 800K barely gets you into a starter home. You want to put the screws to the banking a-holes, raise short term cap gains tax and put a transaction tax on the stock market.

You want to put the screws to everybody's retirement funds too apparently. If you want to do something along those lines you are much better off to just roll out a straight wealth tax. It's much easier to exempt vehicles that you might want to exempt (like retirement accounts up to $x), and it could help transition investment/corporate taxes away from a structure that encourages retention of profits, which can exacerbate bubbles. (Not that that was a major part of the most recent one, but it's known to fuel speculation historically.)

 

[Infohawk]

Brooks is a moderate conservative and it's no surprise the hardcore partisans on both sides are attacking him here.

 

[Lithium381]

The fact is that it has to happen sooner or later... it seems at least the republicans are mature enough to realize that instead of push it off until the next generation....

we are currently in an unsustainable cycle. nobody will refute that. we spend more than we take in by a long-shot and there is no system in place to slow that down. I blame the democrats as much as the republicans.

Americans will spend an average of 28% of their income to pay federal, state and local taxes this year, the Tax Foundation said Wednesday.

That means you will need to work 102 days -- more than three months -- just to earn enough to pay your tax bill.

http://money.cnn.com/2011/03/31/pf/taxes/tax_freedom_day/index.htm

Later in the article it references May 23rd as a break even day if we were to break even on tax revenue and spending. Almost 50% of the year would be thrown into the beast of a government we have just to stay in the black.

what is with the addiction to spending other peoples money?

 

[Rock Hydra]

Look. This fucker said he was going to eliminate deductions for mortgage interest and charitable deductions - this is STILL what he is proposing, what he is pushing to "stick it to those millionaires and billionaires". This is STILL his plan, the fucker proposed it in his 09 budget and he's keeping true to his plan and word.

I've paid very close attention to this fucker, what he says, his words, his deeds, and his actions. You haven't been paying attention to him. Pay attention to this president. I called him out on this shit in his 09 budget plan and he's still pushing it. Search my posts on this subject, I've been hammering his fuckstain on this very subject since early 08.

Fuck Obama. Pay attention.

This guy is impeachable 100x over. During his campaign he said he was speaking as "a proud citizen of the world".
Legally, a citizen is (paraphrasing slightly): An individual who accepts a duty of allegiance in return for a duty of protection.
So, his allegiance is to the international corporate interests that pimp the presidential position, and well...he's currently quite protected in his position.
If one reads between the lines, they rub it in your face blatantly that it's just a continuation of the same....more war, more police state, more tax, more Orwellian propaganda.

 

[senseamp]

Brooks is a moderate conservative and it's no surprise the hardcore partisans on both sides are attacking him here.

Moderate conservatives belong in the Democrat party.