tag:blogger.com,1999:blog-6251675227852122352.post8633762396143623840..comments2024-01-05T06:18:18.086-05:00Comments on CommentaramaPolitics: 97 Days To Taxmageddon!AndrewPricehttp://www.blogger.com/profile/11312364467936820986noreply@blogger.comBlogger70125tag:blogger.com,1999:blog-6251675227852122352.post-83477099409076588572012-09-26T10:54:25.450-04:002012-09-26T10:54:25.450-04:00wahsatchmo, I agree across the board. Excellent p...wahsatchmo, I agree across the board. Excellent points!<br /><br />One thing which has always astounded me is how the Democrats just don't understand that people will react to change in the tax code. They still stop investing or move their money beyond the border, etc. They really don't get that, and they think people will just keep right on doing what they've been doing.AndrewPricehttps://www.blogger.com/profile/11312364467936820986noreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-5600561158727332202012-09-25T03:53:24.000-04:002012-09-25T03:53:24.000-04:00Andrew, since taxation is a topic near and dear to...Andrew, since taxation is a topic near and dear to my heart (it's my livelihood, after all), thank you for bringing this up. I don't know how many people are aware of the coming disaster, but it will affect everybody, since the '01 and '03 acts lowered taxes for everybody, including the middle and lower income rates.<br /><br />I fumed at Bush for allowing the sunset provisions, but whatever. I originally didn't like the 168(k) bonus depreciation provisions that let businesses immediately write off new personal property without making a 179 election, but I was surprised when my clients made an effort to reinvest in their businesses to take advantage of it. Applying the 15% cap gains rate to qualified dividends was brilliant, and should be preserved.<br /><br />But yeah, cap gains pre Clinton were taxed at 28%, and now they get the surtax to feed the Obamacare beast. Plus a heartless and stupid tax on gross REVENUES of medical device companies. To hell with R&D then, I guess.<br /><br />But the Democrats' plan with regard to taxation is simply this: "fairness." Or as I will describe it in my natural French dialect: "bullshit." I've argued before that there is no fairness in tax policy, there is simply what the market will bear.<br /><br />The market is, of course, the taxpaying populace (the 53%, according to Romney). The default increases from the sunset provisions will create capital flight, meaning investors will abandon private US companies for foreign investments (foreign tax credits still exist, even if US taxes go up), plus you'll see a distortion in the muni bond market where bonds with higher risk will be sold at interest rates incommensurate with risk.<br /><br />And then the municipalities will default, leaving many pensioners et al holding paper about as valuable as GM bonds pre government intervention. Then we'll blame the rating agencies once again for believing that government bonds are worth at least one "A" in their rating system.<br /><br />This will occur promptly before the next downgrade of the US treasuries issued to once again bail out the profligacy of the local and state governments' unsustainable pensions and foisted health care obligations.<br /><br />But hey, what about those tax returns prior to 2010, right? Right?wahsatchmohttps://www.blogger.com/profile/15990668466361072408noreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-59023544837586389372012-09-24T22:40:40.506-04:002012-09-24T22:40:40.506-04:00Ellen, I was indeed taken away mid thought. LOL!
...Ellen, I was indeed taken away mid thought. LOL!<br /><br />That tax thing really does point out how fundamentally wrong our system is. A system that can be tinkered with to this degree is a disaster.AndrewPricehttps://www.blogger.com/profile/11312364467936820986noreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-73650078040543743702012-09-24T19:28:51.004-04:002012-09-24T19:28:51.004-04:00Andrew, You didn't finish your thought. LOL! ...Andrew, You didn't finish your thought. LOL! I hope the Moron didn't get you? ;D<br /><br />This tax thing is amazing. You're right that it highlights just how messed up our system is that so many individual things can change in the tax code essentially randomly. Streamline streamline streamline!ellenBhttps://www.blogger.com/profile/17868593283128151858noreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-82873762013462505032012-09-24T19:10:32.806-04:002012-09-24T19:10:32.806-04:00Jen, I have no idea as I've never known who wa...Jen, I have no idea as I've never known who was a convert and who wasn't?<br /><br />I'll take the Mormon tAndrewPricehttps://www.blogger.com/profile/11312364467936820986noreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-31691133646321433662012-09-24T18:52:23.193-04:002012-09-24T18:52:23.193-04:00Andrew, Maybe I should have said 'weird' l...Andrew, Maybe I should have said 'weird' like T-Rav did when referring to a certain Mormon, instead of 'strange'. I was in my early 20s when I met them, so that was my first impression. <br /><br />I wonder if converts behave differently than the ones who are raised as Mormons. Although these people were nice to me when I had contact with them, they did some not so nice things later on (to family members) after the mother of the uncle died. I haven't seen them since that funeral. I'm not trying to imply anything, just stating facts.<br /><br />I too will pick the Mormon over the Moron--it does come before 'moron' in the dictionary.Jennoreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-62308159571984206012012-09-24T18:24:03.932-04:002012-09-24T18:24:03.932-04:00Nicely done rlaWTX! right-wing fighters! LOL!
I&...Nicely done rlaWTX! right-wing fighters! LOL!<br /><br />I'll be happy too if these people pick "the Mormon instead of the Moron." That works for me! :)AndrewPricehttps://www.blogger.com/profile/11312364467936820986noreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-69577995997510591152012-09-24T18:13:49.892-04:002012-09-24T18:13:49.892-04:00How 'bout a few "right" wing fighter...How 'bout a few "right" wing fighters...?<br /><br />conservative anti-mormon stuff: I'm out of the fundamentalist loop these days, so I don't know if the stuff I grew up with is still alive and well this election cycle. By now, most realized that a Catholic prez didn't put the pope in charge, and a Mormon prez is better than TOTUS.<br />my politically conservative family in S Idaho (who have issues with the Mormons for various reasons) have thoroughly endorsed "the Mormon instead of the Moron"...<br />rlaWTXhttps://www.blogger.com/profile/09319344164726195144noreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-51175318177796424072012-09-24T16:59:27.704-04:002012-09-24T16:59:27.704-04:00T-Rav, Good thinking! LOL!T-Rav, Good thinking! LOL!AndrewPricehttps://www.blogger.com/profile/11312364467936820986noreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-41488087578979311882012-09-24T15:46:59.493-04:002012-09-24T15:46:59.493-04:00Andrew and tryanmax, unfortunately the collapse co...Andrew and tryanmax, unfortunately the collapse could take us all down with it. Better to send in a few X-wing fighters to blow it up first.T-Ravhttps://www.blogger.com/profile/10861218035729479354noreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-45321804341625882802012-09-24T15:34:01.813-04:002012-09-24T15:34:01.813-04:00Joel, He shut up, but you could tell he didn't...Joel, He shut up, but you could tell he didn't want to and he was going to start right up again the moment he left.<br /><br />He realized he was outnumbered when nobody stood up to help him.AndrewPricehttps://www.blogger.com/profile/11312364467936820986noreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-40212355454019033072012-09-24T14:26:54.114-04:002012-09-24T14:26:54.114-04:00Andrew,
Did he shut up about Mormons or did he go...Andrew,<br /><br />Did he shut up about Mormons or did he go louder?<br />Joel Farnhamhttps://www.blogger.com/profile/15856960977033430002noreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-28290535683825404932012-09-24T14:03:47.483-04:002012-09-24T14:03:47.483-04:00I wouldn't worry about its weaknesses, it will...I wouldn't worry about its weaknesses, it will collapse under it's own weight.AndrewPricehttps://www.blogger.com/profile/11312364467936820986noreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-7641352404030151862012-09-24T14:02:41.221-04:002012-09-24T14:02:41.221-04:00Andrew, I don't know if they have any literatu...Andrew, I don't know if they have any literature on it, but I understand they've obtained the plans for the <a href="http://4.bp.blogspot.com/_YGLQQZTHoU0/SqEnoiq2qRI/AAAAAAAAJx4/KD20LNyut2k/s400/debt-star.jpg" rel="nofollow">Debt Star</a> and have discovered its weakness. tryanmaxhttps://www.blogger.com/profile/09881154741574720094noreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-26202873122542343572012-09-24T13:58:03.585-04:002012-09-24T13:58:03.585-04:00Interesting... do the Jedi have any literature you...Interesting... do the Jedi have any literature you can share with us? ;)AndrewPricehttps://www.blogger.com/profile/11312364467936820986noreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-59728152781304423332012-09-24T13:52:57.403-04:002012-09-24T13:52:57.403-04:00I have a personal announcement to make. I never th...I have a personal announcement to make. I never thought that a bumper sticker slogan could ever change my mind about anything, but over my lunch break, one did just that. As a result I will be changing my party affiliation. <br /><br />The bumper sticker said simply, <b>"Kenobi '12, Our only hope."</b><br /><br />So, I will be leaving the Republican party and will re-register as a Jedi post haste.tryanmaxhttps://www.blogger.com/profile/09881154741574720094noreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-91257245687674698472012-09-24T13:45:18.837-04:002012-09-24T13:45:18.837-04:00Joel, I see it occasionally, but more often in per...Joel, I see it occasionally, but more often in person at the moment. I was at an office last week where this guy just went on and on about "the truth" of Mormonism and how Romney was going to open the door to the anti-Christ. Nobody wanted to hear it, but he wouldn't shut up. So I finally told the guy to shut the f*ck up.AndrewPricehttps://www.blogger.com/profile/11312364467936820986noreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-3597549873331618892012-09-24T13:42:33.516-04:002012-09-24T13:42:33.516-04:00Indi, I think that as long as we allow deduction, ...Indi, I think that as long as we allow deduction, the game will continue. I would rather see something like a flax 15% tax with a $1000 credit and leave it at that.<br /><br />The idea that the Republicans stood in the Democrats' way is a lie they are using to explain away their failures. There's simply no truth to it.AndrewPricehttps://www.blogger.com/profile/11312364467936820986noreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-13210415224361526422012-09-24T13:39:50.753-04:002012-09-24T13:39:50.753-04:00Where are you guys getting the information on anti...Where are you guys getting the information on anti-mormanism from the right? I haven't seen any lately. Joel Farnhamhttps://www.blogger.com/profile/15856960977033430002noreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-1669993287493229962012-09-24T13:32:08.960-04:002012-09-24T13:32:08.960-04:00Andrew
On that I completely agree.... system is b...Andrew<br /><br />On that I completely agree.... system is broken...<br /><br />We need lower rates on total income with little nonsense about what is or isn't a deduction. figure out what is fair to tax and take no more.<br /><br />As to the Republicans getting in poor Barry O's way...<br /><br />I seem to remember the GOP minority leader after the election asking the Dem's about being allowed to attend these meetings to have some input. wehat was that thoughtful inclusive thing nancy Pelosi told him...<br /><br />Hmmmm....<br /><br />Oh year that's right "We Won"<br /><br />We need an add to air with her saying this....Individualisthttps://www.blogger.com/profile/11005025873042230314noreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-10816951959488710932012-09-24T13:05:09.616-04:002012-09-24T13:05:09.616-04:00tryanmax, They've been pushing that idea from ...tryanmax, They've been pushing that idea from day one. They totally ignore that they controlled both houses of Congress with a filibuster proof majority. They claim that they were just trying to be inclusive as the Republicans tricked them into waiting by talking about bipartisanship, and by the time they realized the Republicans were lying, they'd lost control.<br /><br />Yeah, right.AndrewPricehttps://www.blogger.com/profile/11312364467936820986noreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-19987389588211133132012-09-24T13:03:53.659-04:002012-09-24T13:03:53.659-04:00Jen and Bev, It sounds like a plan! LOL!Jen and Bev, It sounds like a plan! LOL!AndrewPricehttps://www.blogger.com/profile/11312364467936820986noreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-81121218155276723122012-09-24T12:59:07.602-04:002012-09-24T12:59:07.602-04:00That is one of the most astounding assertions of t...That is one of the most astounding assertions of the Democrat party at present, that somehow the Republicans obstructed their every move with magic for the first two years of the Obama administration. OOOOoooohhhhh! (Okay, that sounds much lest ghostly in print.) tryanmaxhttps://www.blogger.com/profile/09881154741574720094noreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-1868710293215935602012-09-24T12:57:02.953-04:002012-09-24T12:57:02.953-04:00Bev, I'm with you on the strike, and if they p...Bev, I'm with you on the strike, and if they put us together, then we can get them from the inside out.Jennoreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-6421608358853511312012-09-24T12:48:56.134-04:002012-09-24T12:48:56.134-04:00Lawhawk, Sadly, I did not make the Kennedy point. ...Lawhawk, Sadly, I did not make the Kennedy point. I believe you are the first to make that point. LOL! :)AndrewPricehttps://www.blogger.com/profile/11312364467936820986noreply@blogger.com