Why should there be difference in taxes between investment income and standard income?
If one man’s income from gambling on the stock market, that is what it is legalized gambling, or standard income.
The only real difference is those that have money to invest are rich to start with. I don’t follow Buffet, so the reference is meaningless.
Do you know that the constitution was amended in 1913 to make the tax on excess wealth (income tax) possible so anything that predates the 16th Amendment is meaningless?
Text:
The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.
Other Constitutional provisions regarding taxes
Article I, Section 2, Clause 3:
Representatives and direct taxes shall be apportioned among the several States which may be included within this Union, according to their respective Numbers...[1]
Article I, Section 8, Clause 1:
The Congress shall have Power to lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States.
Article I, Section 9, Clause 4:
No Capitation, or other direct, Tax shall be laid, unless in proportion to the Census or Enumeration herein before directed to be taken.
This clause basically refers to a tax on property, such as a tax based on the value of land,[2] as well as a capitation.
Article I, Section 9, Clause 5:
No Tax or Duty shall be laid on Articles exported from any State.
Everybody already pays taxes though some don’t pay the tax on excess wealth.
If you make $82,000 and the income tax deductible was put back to where it belongs at $100,000 you would pay taxes only on a portion of your wife’s income, so you would be far better off.
Why argue that multi-billionaires hedge fund managers should get by using the carried interest loophole paying only 5%? The hedge fund managers earn a salary like everyone else.
My preference would be the income tax be adjusted back to the original $100,000 deduction (in today’s dollars). This would give the economy a big boost as the middle class would spend the money and it would turn over several times. The ungodly greedy just bank the money or spend it overseas which stifles the economy.
Insurance has been going up at near double-digit numbers for 50 years that is why we are in trouble.
Health insurance was designed to pool the risk, while not everyone is going to have a baby neither is everybody going to have cancer.
Change of life babies are not uncommon our personal director was very surprised in her late forties to be expecting. You must have had a very cut-rate policy not to have maternity coverage. Do you have a daughter under 25? That would cover her.
The major problem with health insurance now is that is unaffordable for most of the middle class if not offered at work.
It is not like purchasing a car. If you can’t afford a car you can walk. If your child needs medical care you are going to see he gets it and if you have no insurance someone else with insurance will pay the bill.
The idea behind the ACA was to see that those with no coverage had to buy insurance which would help reduce everyone health insurance over time.
Before ACA medical coverage was limited to $1,000,000 the ACA removed that cap. Some children had exhausted their lifetime medical insurance coverage before the ACA removed the limit.
With car insurance there are certain coverage required by law one is uninsured motorist and the other is liability.
Why should health insurance be any different? You could set down with a long list of inheritable diseases and pick out the ones that did not occur in your family and try and pick out the ones that you might get and buy only insurances on the diseases that ran in your family.
Health insurance was a total and complete failure and Presidents from as far back as Truman have tried to bring us kicking and screaming into the twentieth century with the rest of the first world countries.
The Republicans blocked the public option which is what would have made health insurance affordable.
The most likely reason for someone in the middle class to file for bankruptcy is medical bills and most of those people have junk health insurance.
Why bother to have health insurance if you are going to go bankrupt when you get sick? When people who have bought health insurance to cover sickness go bankrupt health insurance is a failure and it does not serve the purpose of insurance.
That all depends on your perspective, if you are a rich multi-billionaire hedge fund manager the ACA was terrible but if you were retired with no health insurance and no way to buy it then it was a god send. Millions who had no health insurance and no hope of ever affording health insurance could now go to a doctor. Money is not the route to all evil Greed is the root to all evil.
The ACA insured another 20 million people not 2 million. That means that we no longer have to pay their medical bills. If they had no medical insurance, we would be paying much higher insurance premiums today. These people still get sick with or without health insurance if they can’t pay for their medical bills the cost is shifted to those who have insurance.
That means that we no longer have to pay their medical bills. If they had no medical insurance, we would be paying much higher insurance premiums today. These people still get sick with or without health insurance if they can’t pay for their medical bills the cost is shifted to those who have insurance.
That means that we no longer have to pay their medical bills. If they had no medical insurance, we would be paying much higher insurance premiums today. These people still get sick with or without health insurance if they can’t pay for their medical bills the cost is shifted to those who have insurance.
Economics is not your strong point.
Obamacare raised the tax on the ungodly greedy to fund the program a tax they can’t beat. This benefits the middle class as we cannot continue to pay the medical bills of those without insurance.
It never ceases to amaze me how people who are just making a living feel sorry for billionaires.
Who is young and healthy today will be old and unhealthy much sooner than they think.
Besides the two groups that cost medical insurance most are those between 60 and 65 and those between 0 and six months. Guess which age group is responsible for most of those between 0 and six months? You can’t wait until you have cancer and need $500,000 in medical care to buy insurance.
That is like waiting till your house is on fire to buy fire insurance. Economics 101 teaches there is no such thing as a free lunch medical insurance is the same it is not free. Fewer and fewer people can afford medical insurance most working people can not afford to buy health insurance and now most companies can no longer afford the cost of health insurance even state governments are passing the cost increases to their employees.
You are the big capitalist do you believe that the government can make a private business provide services to people that have absolutely no way to pay for the services.
We have a good system now. Hospitals can't refuse service for emergency services regardless if you can pay or not. If you come in with a gun shot wound, they have to treat you, but if you have a cold, they don't have to treat you.
Quote:What are you a communist that believes government can dictate that a business must take non-paying customers.
See my answer above.
Quote:At one time hospitals were owned by the community or were run by charitable organizations.
How could you forget Religious groups as well, can't forget all those Catholic and Methodist hospitals.
Quote:Our last charity hospital was recently purchased by another hospital.
Why was the charity hospital bought, could it be that it costs money to run a hospital, it doesn't run on good cheer alone.
Quote:Hospitals are big business if they are forced to take patients that can’t pay the economics laws take over just as if the government ordered car dealerships to give cars to those who can’t afford them they would go out of business.
The govt does reimburse hospitals for portions of the unpaid for care, that's the point you miss is that the govt does pay for some of the costs, but not enough to actually run the hospital.
Quote:One of the hospitals refused to treat a woman without insurance and she refused to leave. The police were called to escort her out and she died in the parking lot. So much for your lie. You don’t live in the real world you live in the world you imagine it to be. Hospitals in big cities routinely refuse treatment to the uninsured.
Links? Facts? Proof? You provide enough "outrage" information but no real information. It's how the left works though.
Quote:Don’t kid yourself we had five hospitals in town now there are only two and they closed long before Obama was elected 1,341 hospitals closed between 1978 and 2008. That should tell you the system is failing almost 20% of hospitals in America have went out of business because of unpaid medical bills. Your myopic view that you should be able to wait till your old and have a half million in medical bills before you buy insurance is why our insurance costs so much today. A business that is required to give away it services can’t stay in business.
Why is it you don't provide any proof of the stats you post? You just make statements and expect them to be accepted as gospel or expect me to do the leg work for you. I did a search on this stat: 1,341 hospitals closed between 1978 and 2008. You know what I found? Nothing, not even a single news article that makes this claim.
BTW, you are replying to a post from May... that's 2 months old. You can either keep up or I'm going to stop responding to months old comments that have been addressed in sooner posts numerous times.
If you kept up with current events you would know that one of the billionaire’s wives was the one that made a billionaire’s issue out of repealing Obamacare.
If there is one thing the ungodly greedy have learned is that they can’t make a stand by themselves if all the billionaires had come out against the tax increase on billionaires to fund Obamacare the vast majority would not care about a tax cut for billionaires.
The billionaires spent billions to fund an anti-Obamacare movement to tell the masses how to think.
How could anyone be against insuring another 20 million, so they would no longer have to pay for their medical bills. That is a big plus for the middle class it reverses a trend that has been one of the main forces driving increasing insurance cost for 50 years. Conservatives really believe in a free lunch that if you can’t pay your medical bills the tooth fairy will pay them.
Isn’t it strange how all the other left leaning countries provide good health care for a fraction of the greed driven failing healthcare system we have?
The unions had nothing to do with GM management looking at the hard facts of what it costs to provide health insurance for 5 times as many people as they employed.
GM was one of the main driving forces in Hillary Clinton push for government health care.
GM’s management understood the figures and where health insurance was going in the future.
If they had to pay for the healthcare costs for their employee and then four others who have no insurance in 90s it would be 50 in the future.
Not only will are medical system collapse but it will ruin our manufacturing base oh that right it has already destroyed most of our manufacturing base. Whether it is wage or health insurance it all comes down to dollars and if we are going to compete on the world stage national healthcare is the only solution.
We do have many foreign automotive plants including a Toyota plant only a few miles from here that has expanded three times.
But those plants were built many years ago and that is changing as the Japanese realize that America has not dealt with our health insurance problems and even after being offered a ½ billion in incentives to build in America they decide to build in Canada.
You still can’t grasp the simple economics of the health insurance problem.
Free markets work on simple markets because the consumers have the ability to refuse to buy a car for instance and those who cannot afford a car don’t buy a car.
The healthcare problem is far more complex.
Car Insurance is not necessary as you can choose other modes of transportation as a bus, or a cab. There is absolutely no substitution for health. It is a completely different type of problem.
I had no problem filling out my own taxes after I got married and bought a house and had a child and even after I had rental property. It is something any sixth grader that can read and follow directions could do.
I have books that explain the flat tax and it would tax only income that was spent.
The middle class spends all their income and in fact spends far more than their income using credit meaning they would pay tax on income they didn’t even make.
The ungodly greedy spend only a small portion of their income the effective rate would be a fraction of what the middle class would pay. There is another thread on the board where I showed the flat tax was a fraud that would never work.
Tax cut? You better think twice. You said you had kids that means you have lost at least four personal exemptions of $4,000 when you lose the exemptions that means you will be paying tax on more of the money you make.
You got it wrong you are not going to get a tax cut you are going to pay more taxes determined by how many kids you have, and the
Republicans are going to give it to the ungodly greedy in huge tax cuts.
School secretaries are not teachers and many of them work year-round.
You don’t get holidays off or vacations?
I am glad you got to attend your class reunion. I never attended any of mine
There are limits and when you have advocates of racism and Nazism speaking on college campuses that would cause riots there is a problem.
There are exceptions government employees have all their rights in tact as they work for the government. Public employees have their right to free speech.
All rights have limits and the courts have put limits on those rights time after time.
Rosanne works for a private employer she is a will and pleasure employee and can be terminated for any reason or no reason at all. Her employer does not need grant her freedom of speech. If she were a union employee she could only be terminated for good cause. It would be up to an arbitrator to decide if what she did amounted to just cause.
This is one many union members had a problem with they viewed the union as something separate from them. When they criticized they union you would have to remind them what the term union meant. If they had a problem they just needed to participate to make things better.
If government employees could not unionize they would not even make minimum wage.
Governments are exempt from minimum wage laws. There is no doubt in my mind that belonging to a union is a free speech issue.
If you have a screw driver you know what it was designed for. If you have an assault weapon you know it was designed to kill as many people as possible. It is pretty simple to understand what something was designed to do.
Whitaker Chambers in his autobiography was very clear why he defected from the communist party he believed they were going to kill him and he hid out with his family for a good while before deciding to come in out of the cold.
I never understood why Whitaker Chamber was not executed by the parents of the American sailors that were killed when our battleships were sunk using the stolen plans sent to the Nazis by Whitaker Chambers.
When the right made a national hero out of a known communist spy they tried to whitewash him.
I notice your quotes don’t come from the best source on Whitaker Chambers his autobiography.
Whitaker Chambers not only gave the Nazis the top-secret plans for our battleships that showed the Nazis precisely where best to target their torpedoes to sink our battleships. Chambers also handed over top secret plans for a bombing site that made bombing runs more efficient to Nazis. These resulted in thousands of more American soldiers being killed.
Opposite sides? Then why did so many prominent communists become Republicans?
The political spectrum is best described as a circle and one extreme is close to the other extreme.
Surely you realize that human greed has been here thousands of years before Marx was even born.
The communist shared Chambers stolen Intelligence with the Nazis during those two years. There is no question about this because the Chambers’ stolen intelligence was discovered in the Nazi’s hands.
Why was Whitaker Chambers such a hero to the conservatives?
The Republicans had been voted out of power after they caused the Great Depression and for two decades they could not regain that power.
In every hero’s tale there has to be a boogieman for the hero to overcome. In this case it was communism that was the boogieman, but the problem was that they had no smoking gun that would show that communists had taken over our government.
That is where Whitaker Chambers comes in he can show that Alger Hiss was a communist working in our government because he was working for Chambers and Chambers has the originals from Hiss typewriter and the FBI found the typewriter.
It was only one communist, but it was the trial of the century at the time and enough to elect the first Republican President in 20 years.
It didn’t matter that Chambers was responsible for the deaths of 10s of thousands of American military men he was responsible for the Republicans return to power and they were quite willing to overlook those deaths.
During baby Bush’s term in office the conservatives still celebrated Whitaker Chambers birthday as a national hero in the Whitehouse. What we are seeing today is history repeating itself the Republican party has once again allied itself with communists to gain political power.
