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  1. #11
    Community Host wlillie's Avatar
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    3. Restore the PAYGO policy, which does not allow federal spending without a plan to make up for lost revenue.

    ROFLMAO
    Last edited by wlillie; 10-04-2012 at 04:43 PM.

  2. #12
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    Quote Originally Posted by GloriaInTX View Post
    Did you watch it? How did you feel about your candidate's performance? Did it affect your vote for either candidate or was your mind already made up?
    Yes, I watched but it was more like I was listening while doing homework. My candidate's performance was fine... Could have been better, could have been worse. The debate has not changed my mind on whom I am voting for.

  3. #13
    Posting Addict Spacers's Avatar
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    Quote Originally Posted by Rivergallery View Post
    It wasn't just on the ultra-rich, he also wants to keep and increase taxes on small businesses, and energy taxes and fees and on and on.

    It isn't entitlement.. It is fair. Why should your income determine how much you pay for a service? Oh sorry a loaf a bread for you is free, but for someone else it is $50, and then on the way out they are charged another $10 in fees that they didn't expect (ie capital gains), and then their son when he goes to make a sandwich has to pay another $10 (ie death tax etc). Seriously!
    I don't really call raising the top tier of personal income tax a "tax on small business." It's a small increase in the overall tax rate on a few high earners who each happen to employ a couple of people. Here's the summation of a very good blog entry that goes into great depth about how wrong Romney is about that claim.
    So Romney is right that some small business owners will pay a higher tax rate under Obama’s plan. But that amounts to only 500,000 people, with only about 652,000 employees. The vast majority of small business owners and employees won’t be affected. What’s more, those who are affected might have more reason to hire.
    Romney says most small businesses will see a tax hit. Here’s why he’s wrong.

    Romney keeps promising to cut taxes (not mine, though, and I'll actually have $2000 less in my pocket than under Obama) and he's promised to increase defense spending (WHY?) while also balancing the budget. How the hell is he going to do that? He had a brilliant opportunity last night to lay it out for us, and he didn't.

    And I have no idea what you're trying to say about energy taxes. Obama wants to make the tax credit for renewable energy permanent *and* refundable. And he also wants to reinstate the research & development that expired last year, but so does Romney, I'll admit that.
    David Letterman is retiring. Such great memories of watching him over the past thirty-two years!

  4. #14
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    I thought Romney was rude to Jim Lehrer and that turned me off.

    What I do like about Romney is that he talks fast. It's easier for me to listen and comprehend what he is saying. I get that Obama thinks a bit more, but his......rate.....of.....speech....bores.....me. There shouldn't be a comma after every word you say!
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  5. #15
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    Quote Originally Posted by Spacers View Post
    I don't really call raising the top tier of personal income tax a "tax on small business." It's a small increase in the overall tax rate on a few high earners who each happen to employ a couple of people. Here's the summation of a very good blog entry that goes into great depth about how wrong Romney is about that claim.

    Romney says most small businesses will see a tax hit. Here’s why he’s wrong.

    Romney keeps promising to cut taxes (not mine, though, and I'll actually have $2000 less in my pocket than under Obama) and he's promised to increase defense spending (WHY?) while also balancing the budget. How the hell is he going to do that? He had a brilliant opportunity last night to lay it out for us, and he didn't.

    And I have no idea what you're trying to say about energy taxes. Obama wants to make the tax credit for renewable energy permanent *and* refundable. And he also wants to reinstate the research & development that expired last year, but so does Romney, I'll admit that.
    I do not know a lot about what Romney's plan is, however I have talked to a few different small business owners that this will affect. Take for example one truck driver that I know. Yes, he might make more than $200,000 a year, but out of that $200,000 he has to pay fuel for his truck, maintenance on his truck, insurance, and other business expenses. That makes it look on paper that he is making a lot of money, when actually he is not. I have heard other people give similar examples. If you tax a small business owner to the point of not being able to hire new employees, that hurts the economy, not helps it.

    Now I do not think people like Bill Gates should pay the same taxes as a single mother college student, but I do not think the tax burden should fall on the shoulders of the people who can get us into a recovery.

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  6. #16
    Posting Addict Spacers's Avatar
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    Quote Originally Posted by AlyssaEimers View Post
    I do not know a lot about what Romney's plan is, however I have talked to a few different small business owners that this will affect. Take for example one truck driver that I know. Yes, he might make more than $200,000 a year, but out of that $200,000 he has to pay fuel for his truck, maintenance on his truck, insurance, and other business expenses. That makes it look on paper that he is making a lot of money, when actually he is not. I have heard other people give similar examples. If you tax a small business owner to the point of not being able to hire new employees, that hurts the economy, not helps it.

    Now I do not think people like Bill Gates should pay the same taxes as a single mother college student, but I do not think the tax burden should fall on the shoulders of the people who can get us into a recovery.
    Given what you've said here, Obama's plan isn't going to affect your truck driver friend one bit. Obama's tax plan doesn't touch the first four tiers of taxable income, which is up to $212,300 for a married couple filing jointly. If your friend made $200,000 in income, after business expenses and personal exemptions and itemized or standard deductions, he's probably down to the 15% tax bracket. And he'll be in the same tax bracket after Obama's changes if his income & expenses remain the same. Even if $200,000 is your friend's taxable income, his tax rate isn't going to increase.

    Just for fun, let's say your friend's taxable income is $500,000. Under the current tax structure, his tax liability would be about $145,000. Under Obama's plan, it would be about $168,000. That's an increase of just $23,000 for someone with half a million of pure net income after covering his business expenses, personal exemptions, and tax deductions. Sorry, I'm not crying over that "burden." Not at all.
    David Letterman is retiring. Such great memories of watching him over the past thirty-two years!

  7. #17
    Mega Poster mom3girls's Avatar
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    I thought Romney did a lot better then expected. I liked his more aggressive approach.

    I was shocked at how poorly Obama performed. He just seemed to be out of his game completely last night.

    BTW did anyone read where Al Gore said Obama did poorly because of the altitude in Denver? I think that is possibly the most humorous reasons for losing I have ever heard!
    Lisa
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  8. #18
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    Quote Originally Posted by Spacers View Post
    Just for fun, let's say your friend's taxable income is $500,000. Under the current tax structure, his tax liability would be about $145,000. Under Obama's plan, it would be about $168,000. That's an increase of just $23,000 for someone with half a million of pure net income after covering his business expenses, personal exemptions, and tax deductions. Sorry, I'm not crying over that "burden." Not at all.
    Except that instead of paying that $23,000 to the government, that small business owner could put that money back into the business and hire someone. That $23,000 could pay a salary or at least part of one. Most small business owners are putting that profit back into their company.
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  9. #19
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    Quote Originally Posted by ethanwinfield View Post
    I thought Romney was rude to Jim Lehrer and that turned me off.

    What I do like about Romney is that he talks fast. It's easier for me to listen and comprehend what he is saying. I get that Obama thinks a bit more, but his......rate.....of.....speech....bores.....me. There shouldn't be a comma after every word you say!
    LOL and Obama wasn't?
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  10. #20
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    I don't really care since Harper will continue to sell Canada down the river to whoever is in power.

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