Memo to Marco: I have been self-employed for the past 30 years of my life. I work hard for my living and I have paid my fair share in taxes. My current income is taxed at the highest federal rate possible and it is all earned income. I am pissed when this money I sweat for is taxed at a higher rate than passive investment income which is sheltered in the Cayman Islands. If this is class warfare, then count me in.

Democrats think speech was great while Republicans this it was terrible. This is nothing new in a SOTU speech. Rubio not taking a position on a candidate tells me his is not happy with his options, and would rather just wait until 2016.

Fairness? Might be fair for the DNC to pay for Obama’s campaign trips, rather than the taxpayers.

“There were a number of barbs aimed directly at Mitt Romney, though of course Obama never mentioned his name because that would have blown the fiction that the speech was about governing rather than campaigning.”

Read more: http://www.dailymail.co.uk/news/article-2091454/State-Union-2012-Mitt-Romney-pleased-Obamas-attack.html#ixzz1kTcB0cvO

You should also be pissed at the 47% who pay no Taxes and in many cases receive your tax money in the form of Earned Income Credit.  Check it out you are Paying More Than Your Fair Share.  

If you know that you are not a partisan hack, why dont you reply to HUSKERSLOVEBO’s comment;

“Memo to Marco: I have been self-employed for the past 30 years of my life. I work hard for my living and I have paid my fair share in taxes. My current income is taxed at the highest federal rate possible and it is all earned income. I am pissed when this money I sweat for is taxed at a higher rate than passive investment income which is sheltered in the Cayman Islands. If this is class warfare, then count me in”

RNC Talking Point 2 (a) (3)?

Senator, I know you view yourself as a very hot property in the party and that you believe as soon as your Family Fable, for which I do not hold you personally responsible, works through the system and is forgotten, your future in rightist politics is bright. Perhaps, it is. However, I do believe to realize your potential you are going to have to begin to think for yourself, to articulate fresh ideas and to stop suckling the mother’s milk of RNC Talking Points. If all you’ve got is standard Republican divisiveness, I fail to see your value to anyone other than Il Douchey, Gretchen O’Van Karlsen and that Guy With Curly Black Hair.

And still the simpleminded don’t understand that Romney pays tax twice on the same money.

“Of course, Romney released his tax documents for 2010 and 2011 earlier today, which revealed he paid a rate of under 15 percent on his income. As Isonomy notes, the reason for this is because the vast majority of his income is subject to capital gains tax – the money that was invested had already been taxed. Very rich Americans pay about 38 percent on actual income, as opposed to investment income.”

Read more: http://www.dailymail.co.uk/news/article-2091454/State-Union-2012-Mitt-Romney-pleased-Obamas-attack.html#ixzz1kTdOqTJ8

You can’t demand “growth” and condone calls for austerity and deficit reduction. Simply against the laws of economics & mutually exclusive and can’t be achieved nor attempted at the same time

Your Florida housing woes can be laid right at the feet of your class of TP members in congress

Rubio is right, Obama has even got us Republicans pitted against each other,

http://www.youtube.com/watch?v=BLWnB9FGmWE&feature=youtube_gdata_player

Wasn’t this guy alive during Bush’s term? Did he not support the president who took us to war based on faulty intelligence? Does he not recall how badly that ripped the nation apart in the run-up?

Rubio is auditioning for the VP spot. Too bad he’s concluded that an Agnew-style hatchet man is what the ticket needs.

You tell ‘em Gloves.

If you’re going to be quoting from the Daily Mail, Big Petty, suggest to your legion of fans that they go to the Femail tab and read the wonderful story of Fred and Joan Horley and the toaster they bought 60 years ago which is still working. There is news for rejoicing.

Why should I be pissed at a family of four that makes $30,000 and doesn’t have enough income to be taxable?

http://www.thedailyshow.com/watch/thu-august-18-2011/world-of-class-warfare—the-poor-s-free-ride-is-over

The Republican party is in it’s terminal stage when both Daniels (the wheezened past) and Rubio (the dishonest future) use the same pre-fabricated line of attack. Their only aim to regain the executive, even at the cost of our national health, safety and unity. The right deserves the internal distress that comes from such rigid and totalitarian tendencies.

So, the Daily Mail (UK) is the definitive source for US tax law? Who knew. I understand that the photo array of Hitler’s private rooms is the new “go to” source of WWII scholars, but US tax law? Again, who knew?

I like toast.

This is all Kabuki theater.  Obama is a shoe-in.  We are doomed.  In four years we will have a brand new set of the Code of Federal Regulations, about a third again as long, regulating every aspect of our lives that Obama could get under control. Check it out. The only legislation Sen. Obama ever sponsored that passed was a bill adding a bunch of new OSHA regs. The man is a bureaucratic saint.  And the economy will still be moribund, and probably worse when all the red ink from Obamacare appears.  Obama will be the last liberal elected in our lifetimes.

But who are these mysterious
people who don’t pay income tax — besides roughly half of the United
States’ taxpaying population? More importantly, how do they manage to do
it?

31: Percent of nonpaying American households making $10,000 or less per year in 2010. An American household of any size making this amount of money, including just one person, is automatically under the poverty threshold.

61: Percent of nonpaying American households making $20,000 or less per year.

87: Percent of nonpaying American households making $40,000 or less per year.

The statistic that says 47% of Americans dont pay any taxes is a bold
faced lie, nothing else but a bold faced LIE.THAT WOULD MEAN THAT SINCE I
DO PAY TAXES, YOU DONT!!!! Think about it, these people are telling
us that 150 million people in this country do not pay any taxes at
all….Dont fall for this line of BS….Its the rich and the
corporations who are not paying any taxes…all the rest is simply one
big Fk’IN SMOKE SCREEN!!!!!

That bottom 43% of people not paying taxes also have less than 5% of the
wealth in this country. I pay a good amount of taxes being in the top
5%, and I can afford it. Nobody wants to be poor, and if you don’t want
to pay taxes, you are welcome to make hardly any money and be broke all
the time. And not everyone that is not paying taxes is a lazy bum.
People working as laborers work much harder than me.

In the late 1960′s the super-rich controled 29% of the wealth in the
USA, by the late 70′s it was 45%, by the 90′s it was 51%, now it is up
to 65%…the middle class has been ‘disappeared’. Trickle-down appears
to be working as planned….for the super-rich…where are the JOBS….?

The American vice-presidency is a krappy job, a dead end job in many cases. From time-to-time we have a president who allows a vice-president a substantive role, and a vice-president who plays that role well. That’s rare, however. Neither Willard nor Newton Leroy would allow that. Rubio already wears a suit well, so he’s prime for funerals of minor international figures. He should focus on the happy model of the vice-presidency. Booze and bimbos never hurt a vice-president.

Did Hitler make his own toast, or did Eva do it?

Hard to play dumb about taxes, just to demagogue with the rest, huh?

That’s nothing compared to the culture wars promoted by the right. The GOP practically invented the politics of divide and conquer.

They pit  urban vs. rural, christian vs. other, straight vs gay,  have vs have nots

exgop   that same family of four has cool rims, a case of beer, 2 xboxs and 3 large flat panels tv.  They can pay something, for everyone should have skin in the game to quote an A hole.  This same family cries about paying $10 to get an ID to vote too.  more liberal lies….filth.

Germans aren’t big on toast, Big Petty. So, I’m sure Eva wasn’t involved. Hitler was Austrian, and I think they usually have Linzer or Sacher torte.

I’m more of a seeded roll with Butterkase and mustard sort of breakfast guy.

How is he taxed twice on the same money? He’s taxed on the earnings that hiding that money away provides, just like I’m taxed on the interest from my savings account. Mitt made $300,000 last year from speaking fees. Why doesn’t that money (actual earnings, from real work) kick him up above 15%? I’m not blaming Mitt, it’s the fault of the tax code which was written by lobbyists for the benefit of those who hire lobbyists. 

or even pay for taking the daughters to Africa as “staff”.   When these losers leave the Whitehouse a world of truth will be revealed.

I am beginning to see the 2010 Nevada Senate race played out on the national stage now.

Sorry, but you are wrong. The EIC requires earned income, not dividend or interest. Since this income is earned, the individual pays either FICA or self-employment tax on this income. Admittedly, they do not pay income tax. However, I would rather have them working, than on welfare or public assistance.

so Obama is a definitive source of anything?

Income inequality leads to social unrest, and ignoring the problem will not make it go away.
http://www.bloomberg.com/news/2012-01-24/billionaires-occupy-davos-as-0-01-bemoan-economic-inequalities.html

talking points?  did you hear the blah blah speech last night.  Most of it was rehash from the last 2 years.  nothing new…move along.

So Hitler spoke Austrian?

Did they know that at the English Embassy?

Republican message to Americans:   “What are you upset about?  You should just be happy with what you get” and

“Don’t worry, we know what’s best for you….let the “job creators” handle everything”

not that well read uh.   TP came years after the mortgage mess.  If what you said is true then why is the enitre country have a husing problem still?   Try thinking during the commercials on MSNBC.

Oh prezoworst such horrible stereotyping.
I’ve been on both sides, earned a lot at one time, got laid off and now work for peanuts helping the elderly. I HAVE skin in the game no matter what they take out of my check…Iand I do not own one X box, no flat screen, no smart phone and not one fancy rim….I do drive a decent respectable car though, do I have to give that up because I’m not rich?

yes the same faulty data both Clintons spouted, Gore, Reid, Pelosi (was on classified committee)

And this loophole is so fair, in 2007 the ranking minority member of the Senate Finance Committee, Charles Grassley co-sponsored a bill to close this loophole and tax these distributions under ordinary income rates. 

P.S. Gloves do the initials C.P.A. mean something to you? They mean something to me.

fail you add nothing..  Go back to watching MSNBC.

Thanks for showing your contempt for working class Americans. That’s the same narcissistic, bullsh!t Limbaughian attitude that made the Republican party so loathsome to me over the last decade.

Millionaires invest their own money, based on knowledge. They risk their own money and don’t do it foolishly. They want a return their money.

Obama “invests” our money, based on his ideology, even when warned against it by his own advisors. Notice his entire early economic team is gone? Steven Chu and Obama have no knowledge of investing and don’t care if the money disappears. It’s not their money.

That’s great for you, because the GOP nominee is going to BE toast in November.

Actually Gloves, we don’t know if he paid taxes on his Bain earnings because he has not released those returns and gosh and golly, Venture Capitalists have been known to use every loophole in the system to avoid paying full tax rates.
Of course IF he has nothing to hide I’m sure we;ll have those years returns sometime this week, right?

You have no investment income, after all these years? Wow. You suck at finances.

Robert can play dumb about anything, almost as well as he plays smart.

He’s wrong about the XBoxes, but as the Fox geniuses point out, some of the poorest in this country have the nerve to have refrigerators and microwaves. They use running water too and sometimes ride in automobiles to work, so can you really say that they’re worse off than Romney? 

When Obama says Buffet pays less taxes than his secretary it’s a boldfaced lie.

It isn’t a loophole.

You will have noticed that none of those people proposed taking us to war based on that intelligence, and none of them had the benefit of intelligence coming in from arms inspectors in-country even as troops were marshalling on the borders — intelligence that screamed “there are no weapons of mass destruction.”

I’ve heard this lie of the “the same intelligence” over and over again, and it doesn’t get any less specious in the retelling.

I had no idea President Obama was a periodical. But, you might be onto something. J. Edgar Hoover as “Women’s Wear Daily”. Herb Kane as the “National Lampoon”. Tollbooth Perry as “Big Boobs”. Newton Leroy as “Brides”. It could be an entire new industry.

Government spending does not equal growth.

Let me fix that for you:

“Yes, that was the same faulty ‘slam dunk’ data that the administration fed to the Clintons, Gore, Reid and Pelosi to get them on board.”

Were you alive during the run up to Iraq? Bush had a 65% approval rating when we went in.

Income inequality doesn’t lead to social unrest, envy does.

The Code of Federal Regulation (singular, by the way) is based entirely on statutes enacted by Congress, not the president.

Every aspect of our lives? Get real.

With regard to future elections, I do believe that Obama is the last moderate Republican who’ll ever get elected, because the Republican party is going to spontaneously combust during this election cycle.

Hopefully, from the ashes will rise a sane center-right party shorn of the nuts, frauds, and crackpots who seem to have the megaphone now.

Keep in mind that Rubio as Florida House Speaker presided over the socialization of property insurance (Citizens), a poorly thought out unpaid for property tax cut that ultimately drove Florida to massive budget shortfalls and the creation of jobs for himself as well as a series of earmarks that were destined for his lobbyist sponsors.

“Class Warfare” is being waged on the middle-class and poor by the wealthy in this country!!

We know it, they know it… so having the wealthy (1%) complain about it and continuously try to turn the narrative around is not going to stop the middle-class from demanding fairness!!

Over 62% of Americans want the wealthy to pay higher taxes and a majority of millionaires feel the same way:
“According to a survey from the consulting firm Spectrem Group, sixty-eight percent of millionaires — defined as people with investments of $1 million or more — support raising taxes on people who earn $1 million or more in income, the Wall Street Journal reports.”

http://www.huffingtonpost.com/2011/10/27/millionaire-tax-warren-buffett_n_1035763.html

“Class Warfare” is being waged on the middle-class and poor by the wealthy in this country!!

We know it, they know it… so having the wealthy (1%) complain about it and continuously try to turn the narrative around is not going to stop the middle-class from demanding fairness!!

Over 62% of Americans want the wealthy to pay higher taxes and a majority of millionaires feel the same way:
“According to a survey from the consulting firm Spectrem Group, sixty-eight percent of millionaires — defined as people with investments of $1 million or more — support raising taxes on people who earn $1 million or more in income, the Wall Street Journal reports.”

http://www.huffingtonpost.com/2011/10/27/millionaire-tax-warren-buffett_n_1035763.html

lower RATE!

Yes, that was before the country knew that it had been mislead about the “slam dunk” intel that got us into the war and Bush was still basking in his post-9/11 bounce. But even so, the country was hugely polarized, there were massive demonstrations against the war and Bush and his surrogates impugned the patriotism of those who spoke out against it.

Good times, huh, Pablo?

And if the president had listed successful initiatives*, like the senator says he wishes he had, Rubio would be saying, “This was just a campaign speech.  He was just bragging.”  Seriously, the partisanship (on both sides) has ruined our whole system.

* I mean things liberals view as successes, like the ACA, the Ledbetter bill, or the automobile industry bailout.

And if the president had listed successful initiatives*, like the senator says he wishes he had, Rubio would be saying, “This was just a campaign speech.  He was just bragging.”  Seriously, the partisanship (on both sides) has ruined our whole system.

* I mean things liberals view as successes, like the ACA, the Ledbetter bill, or the automobile industry bailout.

“Income inequality doesn’t lead to social unrest.” That’s quite a logical leap you’ve taken there.

So income inequality promotes social cohesion?

This illustrates the fact-free poverty of ideas that has rendered the right irrelevant in the US, and which has doomed it to eventual extinction.

Sooner rather than later, I’d say.

Hey, maybe if the money hadn’t been sliding toward the most wealthy for the last few decades, because of their lobbying for more and more, and those people payiong zero income tax were earning a wee bit more rather than less, a lot more of them would be paying some income tax.

That’s “bald-faced lie” — except that it’s not.

Buffet’s tax rate is somewhere around Romney’s; his secretary’s somewhere around my admin assistant’s. Buffet has released his tax info, and I know my admin’s.

And when America found out the truth about Junior’s little excursion, his approval, appropriately, plummeted.

And I seem to remember an amazing level of outreach and affirmation of the rightness of the opinions of those whose views of the war were different. I remember Bush saying, “You 35% who are not with us; You are most certainly not against us. For I do not wish to divide.”

The only President ever who wasn’t trying to divide people was President Dave, from the wonderful movie “Dave.”

What a great bit.

Yeah, how dare they have any possesions at all and pay no income tax.
The fact is there are low income people who are gaming the system, and it’s okay to notice it and want to do something about it.
It’s also okay to notice that their impact might be much smaller than the impact of the wealthy who have been gaming the system in their favor, and helping to create more poor.

State of the Union he NEVER said lower rate.

Apparently Rubio missed George W Bush (the last straw), George H Bush, and Ronald Reagan (who started the whole thing). The Repubs started the whole class warfare thing in the early 1980′s with their relentless destruction of the underpinnings of the middle class (for the sake of a quick buck).

aw, I love that movie!  Kevin Klein has my vote.

Nonsense. Ask the French just prior to the Revolution – they didn’t want cake, just bread. These ultra right wing fundamentalists in office right now are treading on very, very dangerous ground.  

Project, project, project.

I invite you to do the same, pick up a WSJ journal and read

Austerity = less spending = less jobs = less demand for goods and services = induced deflation = depressed demand for bit-ticket items such as cars and houses ==> the stalled recovery in housing since the freshman class was sworn in

Tackling deficits make only sense in recovered ‘growing’ economies and makes the least amount of sense in a recession especially one the size of this one

Really, haven’t Republicans been pitting everyone against the so-called “job-creators” for the last 30 years.. And everyone has been made to carry favours for them, and the nerve to call for a bit of a balance now wealth re-distribution.. ugh!

As a Floridian and who doesn’t care much for Rubio, you are totally wrong about Citizens.  It has nothing to do with property taxes or budget shortfalls.  Citizen’s is an insurance company started by the state to cover the multitude home owners who are being dropped by traditional insurers.  We’er being dropped because of the recent rise in hurricanes and sink holes   I currently pay $4600 a year for my home insurance  from Liberty Mutual, but in the same home in Ohio would be about $750.  They have also dropped me just recently.  We all need home insurance, and since Citizen’s is an insurance company it only survives on what it gets in premiums.  To the relief of the state’s home owner’s, it is the only insurance that is available to them.

filth

Thanks for clarifying that statement
That is the most disgusting answer I have read in a while.

You sir….are an idiot. I am supposed to care about someone living below the poverty line who is exempt from taxes? 

Mittens makes 43 million dollars doing nothing. Tax Rate 13.3%

Average guy works his ass off. Tax Rate 25-35%

Get the point moron?

Well,

Regulations to protect Americans vs regulations on where I can put my pee pee.

Hmmmm.

Here come the racism. Shouldn’t you be burning a cross on someone’s lawn?

And what was that approval rating on Sept 10th?

“Why doesn’t that money (actual earnings, from real work) kick him up above 15%? ”

Because he gave millions to charity and deducted it.

And still the simpleminded don’t understand that Romney pays tax twice on the same money.
ROMNEY
PAYS MORE TAX AT A HIGHER RATE THAN YOU DO. HE PAYS 15% ON CAPITAL
GAINS THAT HAVE ALREADY BEEN TAXED. HE PAYS TAX ON MONEY THAT HE HAS
ALREADY PAID TAX ON.

Thar is a complete lie.
The money he paid tax on is his.
He is then paying tax on new income.

If Romney is paying tax on his earned money twice, he is a bigger Idiot than the idiots who agree with you.

Why is their investment worth more to the economy than my investment in a new business that will employ people?

Well, then young man – if you believe that, then you had better endorse Romney – because Newt will divide this country as much as you think Obama has.  He is already.  Bet on it.

Pablo is declaring class warfare on anyone who doesn’t gamble with investments.

Incorrect. Citizens is backed by the state and the premiums of every private insurance customer. Check your Liberty Mutual bills. Check your auto insurance bill. You will find it in there. FHCF, which is the reinsurance fee for Citizens and every other property insurer in Florida. In other words, Rubio and company took the reinsurance for Citizens private companies and socialized it across all insurance policies regardless of carrier or type.

Citizen’s was started after Hurricane Andrew specifically to fill the gap left by private insurers who fled like the cowards they are. Initially, it was to be the insurer of last resort and the premiums were to be higher. To qualify for Citizens, one had to have been rejected by the private companies. The plan was to phase Citizens out and sell the policies to private companies.

This never happened under Jeb Bush, Charlie Crist or Rick Scott. Through all of those governors, the legislature has been solidly Republican. Nor could they leave it as last resort or at a higher premium. There was an election to win.

Under Rubio’s tutelage as Speaker, Citizens – by a series of laws passed by Rubio – has the lowest rates by a specified percentage and is now a competitor in the marketplace. This was done because Rubio foolishly promised to get private insurance premiums to “drop like a rock,” in his campaign. Yep. Mr. Free Markets wanted to regulate the property insurers into lower premiums. When the private insurers refused to lower premiums at Rubio’s command (he was actually allied with Crist on this), the changes to make Citizens competitive were made.

When Citizens rates were still too high, Rubio and his then pal Crist initiated a set of discounts based on inspections. These discounts were given to literally everyone and Citizens is just now reinspecting homes to correct this.

Citizens does not survive on just premiums. Citizens is backed by the State of Florida. Those who have private insurance (home and auto) are charged a fee/tax on their existing insurance premiums to cover the shortfall in Citizens financing. As it stands today, if a category 3 storm hits anywhere on the Southeast coast, Citizens and the state are broke.

In other words, Rubio took Citizens’ obligations and risk and spread it out to every insurance customer in Florida regardless of carrier. So every insured pays to cover Citizens whether or not they are covered by Citizens. The balance is to be covered by the taxpayer. In a word – socialized.

While it’s not totally fair to generalize, there are plenty of examples that fit that mold. I just had a woman in my hospital say she didn’t have money to buy her kid $1.50 laxatives then get right back on her $400 cell phone to ask her boyfriend where they were going to eat tonight. No lie. And I see that every single day.
Generalizing is not fair for everyone – on either side. But to be clear, there are plenty of examples on both sides and the system should be more efficient to exclude the people who are wrongfully taking advantage.

You tell ‘em Pablo.

Considering what the banks did, questionable accounting by Tyco and Enron, and the bloated Real Estate market, there are a lot of people who suck at finances.

Apparently Rubio is not a fan of Karl Rove style politics.

I’ll bet ten thousand dollars on it.

You are dead wrong!

This started in the 70′s under Nixon/Ford.

:)

No, I heard no “blah blah blah”. I was watching the SOU.

Were you listening to Jack Van Impe, again?

In developed nations the latter invariably, over time, follows the former, however. Edwardian England is a prime example.

Republican talking point 2 (b).

DailyMail UK is a great source for reality tv gossip as well.

lol…..some people from pay-check to pay-check and therefore have no extra income to invest.

I wouldn’t expect you to think that far seeing that Fox News has brainwashed you to hate the poor and assume that all low income people are lazy.

Fox News; Rich people telling middle-class people to hate on poor people!

marco rubio i have never seen someone  who thinks cuban refugees are more entitled than all other hispanic refugees. if mexico had a communist dictator would you then allow all the mexicans to get a free path to citizenship? the answer is no. you think cuban blood is more sacred than all over hispanic blood.

The top 400 earning Americans, who pay taxes of less than 20%, earn more than the bottom 150 million Americans combined. And with payroll taxes, most working Americans pay a higher percentage than 20% in taxes.

True Pablo, & I’m sure all those people who invested with Bernie Maddof thought they were geniuses just like you.

Actually that is exactly what he said, I was listening for it.

Yea, clearly Marco is angling for a VP nod. Of course he has his own ethical issues, so he should fit right in with a Newt run, especially, but he has that Mitt snark down so that might be a good match too. Either way, not endorsing either one is quite telling.

Right on.  Self-serving narcissist Rush Limbaugh is right at the heart of dividing Americans over the past 20 years while regressing his dittoheads in their intellectual development. 

Truth be told, when he referenced Buffett’s secretary, he said lower taxes, not lower rate. The distinction in the course of a SOTU speech is minor, but to be fair, he did misspeak.

Jack is wonderful, though I find it hard to digest his blend of bible verse and exuberant doom with the bright starling Rexella at his side. She is mesmerizing.

http://www.youtube.com/watch?v=yzvPDwYx-IY&feature=related

That is stupid and incorrect. I think you meant to say they do not pay FEDERAL taxes. They pay taxes. Read this….
http://www.nationalreview.com/articles/283265/freeloader-myth-ramesh-ponnuru 

You are sooooooo right. 
http://www.nytimes.com/2011/04/29/business/economy/29econ.html?_r=1&hp 

Someone should tell that to those conservative legislators tripping and falling over themselves to get those military contracts in their home states.

It’s the government who is creating the poor.

Forcing banks to give loans to people who could not pay them. Setting up the disasterous social security system which takes 15% now, but soon will need to be 50%. Allowing millions of illegals to stay in our country where the compete for government resources and jobs with our poor and middlle class.

Wasting away the vast majority of the money they spend and vastly expanding the size of government with no descernable benefit. Obama increased non-discressionary spending by 82%!

Pandering the the unionized government employees who make massive contributions to Democrats. Wasting nearly a trillion dollars to ensure that state unionized government employees were not laid off in the current recession.

Massively expanding the governments control of everything and specifically buisness activety which has the effect of destroying industry. Just look at the effect of 100 years of progressive rule has had on the rust belt. Those states are run for the government, unions and non-profits. The result has been the near death of industry and the production of massive numbers of poor and helpless people.

Changing trhe focus of education from learning about important things that contribute to a child;s success in life to  creating new soldiers for progressives. They now teach politcal correctness and hatred towards the country so the children will embrace the progressive mindset.

Uh, no. I’m suggesting that someone who’s been running a business for 30 years and doesn’t have any investments sucks at financial planning.

People who have all their eggs in one basket suck at finances.

People who’ve been running a business for 30 years aren’t people who live from paycheck to paycheck. They’re people who write paychecks.

Pay attention, child.

That is what Charles Grassley called it.

Does he not recall how badly that ripped the nation apart in the run-up?

Do you not recall what you just said?

What year?

That’s one of Obama’s acceptable lies. Actually, all of Obama’s lies are acceptable, depending on who you ask.

I might be psychic: http://www.mediaite.com/online/the-only-two-arguments-democrats-need-on-mitt-romneys-taxes/#comment-420102995

Nice stereotype…good for you prezOworst.  You’re everything we’ve come to expect in conservatives.

Haha – yeah, perzOworst should draw us a picture of this stereotypical family and make sure to “color” it in…lol.

All I hear when I hear Rubio speak is
 ”Go back to sleep, let the weathy continue to take you up the rear and do not dare question us.”

He does not pay twice…he ONLY PAYS ON GAINS.  So if he invests his money (WHICH HE PAID INCOME TAX ON), he only pays for the gains above that amount.  If he has a loss, he can count it as a loss on investment in his taxes.

Further, when he is investing OTHER PEOPLE’S MONEY and taking off the top of those investments, it is not taxed as income, rather as short or long term gains (at their respectable rates).

The bigger problem is the government and the deficits.  Our government has once again done an admirable job of deflecting but the reality is is that their deficit spending will inflate the middle class into oblivion, and as they seem unable to responsibly address the deficit issue businesses do not see an optimistic future into which they are willing to invest.  Those businesses who are capable of making overseas investments can readily find markets and economies that they find to be safer and more rewarding to invest in.  That is a big problem…  I for one have long called for an overhaul that would rid the system of all subsidies and loopholes, so this is not about defending the rich, it is about the reality of economics.  

The fed is currently purchasing government treasuries with newly printed money, QE1 and QE2 accounted for some 2.6 trillion new dollars entering the economy.  This has a cause and effect as the fractional reserve requirement is about 10% meaning each dollar that the fed feeds into the banking system 9 dollars can be loaned out into our economy in a credit expansion… so that 2.6 trillion can quickly expand into 26 trillion hurting all of our bank accounts..  thus the hidden tax that is spoken of when people talk about deficit spending. The fed is now paying the banks interest on their excess reserves that have grown from about 40 billion dollars in the last few years to 1.5 trillion. It is kinda remarkable when you think about it that the fed is paying interest on it’s freshly printed money feeding the banks close to 4 billion dollars a year in an effort to keep that money out of the economy.  So far the Fed has been able to keep somewhat of a cap on this, but the effects of the Fed purchasing our debt can and eventually will be explosive.  If we as a country do not address the deficit spending we will in the future become a third world country…  This is just one more reason that I support Ron Paul, people consider him to be a crazy old man, the fact is that Ron Paul is a very studied old man who has deep understanding of economics and our history.  He views the history of both the republican and democratic parties with the same disapproving gaze.  

Someone sounds a little elitist.  The families of four that I know making $30K (or less) are living in bad houses or single wides, driving 15 year old cars, buying at thrift shops to keep their kids clothed, and barely getting by.  Yes, their kids are on Medicaid, and they receive food stamps, but otherwise they would have no health care and a very bad diet.  The parent both work low wage jobs, but they do the best they can.  After all, not everyone can be a hedge fund manager.
It’s a shame the GOPpies have none of that compassion they always brag about.

The wealthy don’t take money from the poor or middle class. They invest money, create businesses and jobs. They create wealth and that is a always a positive.  Government needs to encourage investment and job creation and the lower taxes on investments does this.

Your spouting communist propaganda when you say that the wealthy don’t work hard because generally they do. The reason they are rewarded so highly is because they are leveraged. Their huge investments pay proporational returns. Furthermore, they put their money at risk which a worker doesn’t. Think about all the unlucky souls who invested in Solyndra, GM and all the other failed companies. The investers all lost big time in those buisnesses.

You also are forgetting that money earned by a buisness it taxed also, so the money that an invester earns is generally subect to double taxation. The buisness pays taxes and then the investers also pay taxes. So it would be fairer if businesses paid no taxes. The government would collect when the investers recieve the profits a business earns.

Why do you think that anyone would benefit if the government recieved more money? Look at how badly they handle the taxes we pay now. Giving the government more would just allow them to encrease the number of government workers, increase the number of businesses and jobs they kill and lower the standard of living for everyone.

If your so upset about the disparity in tax rates then a better solution to raising taxes on the wealthy is to reduce taxes on the middle class. That would have the positive benefit of increasing prosperity and forcing a reduction in the size of government.

Gloves, did you really say “Spoke Austrian” – LOL.

First, you totally pulled  your hypothetical ‘family’ out of your ass.

Second, I’m terribly sorry that the modern state of poverty does not fit your stereotype. 

Third, you have NO IDEA how this hypothetical family acquired those items.  They could have been a middle class family only a couple of years ago.  They could have saved and saved for those items.  Those items could also have been gifts. 

Fourth, this family will still pay federal payroll taxes on top of local taxes and state taxes, so they already have ‘skin in the game’.

Fifth, charging any amount of money for an ID used to vote amounts to a poll tax.  You’ve heard of it, right?  It was this little trick that kept the poor from being able to vote.

In short, you have no idea what you’re talking about.

Did I say that? No, I did not. You may keep your false dichotomy. I’m not interested.

Why would you even mention Steven Chu?  Are you off your meds?

And then they were beheading anyone who was an “enemy of the revolution”.
40000+. Does the “Reign of Terror” ring a bell?

Are you lacking bread?

Exactly…he is paying 15% ON GAINS.  Derp.

Class warfare is being waged against the top 1-2% in the world? How? Who’s stealing from you?

And to prove that the wealthy are waging class warfare, you tell us that most of them want their taxes raised?

Do you believe all the spam you get?  LOL

Gingrich is incredibly scary. He is, if such a thing is possible, more of a narcissist than Obama. And scarier yet, Gingrich is competent. We should all thank our lucky stars that Obama is SCOAMF.

Pablo, I have to admit I was loving the Bush Tax cuts recently.  My dad’s last joke on the government was to die during a year with no inheritance tax, saving me over $2M in taxes.  Now I am flipping my appreciated stocks during this period of no/low cap gains tax to gain a new basis, all while making sure my company loses money this year to lower my tax bracket!

Weeee! Like a BOSS!

Strike that..

Like A Republican Elite!

The US just had a recession…….big and small businesses have crashed……..there are business owners that live from paycheck/income from profit to paycheck

Not really as passive losses are limited to a number that is negligible to a large investor, so he could lose his ass and still pay taxes.  Just another reason to overhaul the tax codes as they are 80,000 pages of nonsense that nobody really understands filled with cutouts and favor…  Make it simple and make it fair.

LOL Pablo, you obviously are out of touch with the economy.  I have run a company for 39 years and seen my “paycheck” income (aka “draw”) drop since 2007 to a point lower than my employees due to increased costs, static contract pricing and decreased customer spending on ancillary services.  If I had not invested starting at age 21, I most certainly would be living paycheck to paycheck.  You seem to to view the world thru that weird GOP prism of elitism.

‘Income inequality doesn’t lead to social unrest, envy does.’

One of the crassest and most ill informed comments I’ve ever reads on these boards.

So you are suggesting, that all the current social unrest that’s appearing domestically, as well as, around the world, is due to nothing but…

…envy!

Your comment sounds a little like Marie Antoinette, before she lost her head, arrogantly telling the workers they should their eat cake. 

Again, Pablo, you obviously give your fellow Americans too much credit for having money left over after paying for clothes, housing transportation, education, food, taxes (even the poor have to pay property taxes and social security/medicare taxes).
That is the problem with this country today.  The elites make no attempt to understand what it is like to live on the edge….

Where was he from January 2001to January 2009……….Must have been asleep.

Your point is invalid.  Not all businesses make huge amounts of money.  Most small businesses allow the owner to work for himself and make a decent living, but not get rich.  That is why most small businesses fail in 5 years or less.
Not everyone has your wizard like financial acumen.

Have some compassion for folks who are not as fortunate as you….

Sorry amigo, its you guys who started it when you engineer the tax code so you only get to pay 15% of your $58,000 a day salary.

NO Xbox?!

You don’t know what you’re missing!

30 years of a decent living should include funding some investments. Self-employment doesn’t provide its own pension. Huskers tells us he’s paying the highest rate. That isn’t someone who’s squeaking by.

ConradCA, I’ll just say this, you are very naive to reality.

Among many things you lack, history is definitely one of them.

You’re still missing the point. If you’ve ran a business for 30 years and NEVER put money in the stock market, then that is a sign of poorly run finances.

Ben, do you know what the wealthiest age group of Americans is? 65+ Do you know why that is?

yes that’s why we should put all of our entitlement programs in the stock market

OH! and buy lots and lots of gold

If you had not started investing, you would suck at finances. Which is my point. You’d probably have been blowing your money as well.

LIKE A HATER!!!!

Everybody loot Ben!!!!

By Gloves Logic then all Mexicans are Spanish and the Romans were Latinos.

If so, then Grassley is an idiot. It’s a basic part of the tax structure.

Oh, no. I have a history.

If people are rioting in the streets, does it really matter whether they are protesting unequal distribution of income or if they are just plain jealous?  It is still social unrest, a highly unstable situation and undesirable for everyone.

You just made no sense whatsoever.

Neither does Austerity. 

And how is that going to happen in a world where every failed rethug gets paid by Faux to promote dis-unity in America as a commentator?

Get this in your mind there is a well financed opposition to constitutional democracy and a government of the people by the people and common good with the common wealth and that vile group of wealthy thugs are solidly based in the wholly owned corporate subsidiary of conservative rethuglicans. that is the entire republican party as it is currently constituted and operated.

when republicans are pitted against each other its the insane vs. the crazy vs.wannabe thug lords vs.as yet un-convicted corrupt conservatives.

Rethuglicans will only get one vote from me and that is my vote on a jury of my peers to convict.

Look, the 13% to 15% rate that a hedge fund manager gets is only on income he chooses to report it at all, instead of paying a much lower rate by moving his money offshore.

The entire premise behind subsidizing the filthy rich with such a low rate is that by coddling them, they will invest, creating jobs and opportunities.  And invest they did…in China, India, BRIC countries, with a steady, diminishing amount of capital going into this nation’s economy.  The evidence of this is the lack of jobs nationally, over the last decade or so.  So, the rationale behind this policy has been exposed to be fraudulent.

It’s more than a little bit amusing to watch pathetic “conservatives” rage on about Communism, and I’ll tell you why.  It seems that the very people you would die like lapdogs to defend have been sending their money to one of the last remaining Communist countries of the world. 

Yes, the Free Market has spoken in this economic collapse, and it prefers a *real* Communist country with massive jobs programs and heavily subsidized industry over the *imagined* Communism in the U.S.  If it’s such an oppressive Communist regime, why are your lords on Wall Street choosing to live here instead of where they send their money?

May I be the first to call Dave a RINO?

How does that even make sense as a comeback?

Fail!

So he should be pissed at really poor people?

You can’t “lose your ass” and still pay taxes on the investment.  No gain, no taxes.  In fact you can either claim the loss or defer part of the gains.  Nobody “loses their ass” and then has to pay taxes…what are they paying taxes on if there is a loss?

In fact, you can claim your capital gains loss against your ordinary income…so what you’re saying doesn’t make sense.

After reading your reply, which I agree with, but I may have misinterpreted your sentence following your comment about Citizens that reads, “a poorly thought out unpaid property tax cut that ultimately drove Florida to a massive budget shortfall and the creation of university jobs for himself as well as a series of earmarks for his lobbyist sponsors”.  Now I believe your comment was directed toward Rubio and was not about Citizens.  I do, however, disagree with what appears to be your unfavorable feeling towards Citizens.  As they say, it’s the insurance company of last resort which is now the largest home insurer in Florida because of private insurers leaving the State.  They also have the highest premiums in the state.  As I stated in my first reply to you, I too am not impressed with Rubio and find myself wondering what the Republican’s see in this guy that makes his so popular.  

Lol….you’re getting owned, Pablo……..you shouldnt have spouted your Fox News talking points about poor people!

We could, if they weren’t all a big pile of IOU’s.

Americans don’t own each other, child.

LOL Rude, Pablo is full of non sequiturs.  He doesn’t like it when the hoi polloi take advantage of “his” tax breaks.

I would suggest he try raising 4 kids on $30K a year in today’s environment and try “setting aside” some investment money.  He has that elitist view that everyone is smart, rich and pretty and anyone who isn’t doesn’t matter.  Living on top of the ivory tower in his mom’s basement will do that.

:)

Rubio has the Fox talking points down pat. You know where he will be working after Florida voters throw his lying butt out.

He’s not paying 30-50%, nitwit. Therefore, he hates poor people, and he’s probably a racist.

No, I said that income inequality doesn’t lead to social unrest. Reading is fundamental, John.

When you sell your business then you will be taxed at 15%, then you can put that money in a Caymen Island account so that when someone slaps you with a frivolouse lawsuit, they wont have access to those funds

Perhaps people ought not do it, then. Especially here. http://tinyurl.com/4umqhq3

What part of that did you fail to understand, Tom?

‘Income equality?’

You are trying to do a tap dance…

…but not very well!

There are extremes of inequality and especially in these times recession it’s really becoming more widely understood and obvious!

Read all you want about supposed ‘envy’…

The families I know who make under 30k per year, have a quality of life similar to what you described.  The interesting thing is, they have made more selfish and irresponsible decisions in they’re life time, that I’m suprised they even have what they do have.

At a certian point, a person’s status in America or lack there of is self inflicted.

lol….Pablo, you have no points to make and so you play the reverse race card?

No one here is calling Romney a racist! We are just saying that he knows nothing about the unfairness to the common man that is enshrined in the current tax laws. 

So you’re saying that the stock market always makes you money, never goes down, never crashes? Are you crazy? My father is self-employed and he invested a lot of money in the stock market. He did everything right. And he lost it all. He then had to borrow money from family to help us survive. 20 years later he is still struggling to save enough money to retire someday. The stock market is not a guarentee, it is not perfectly safe, its basically a gamble. And dont try to say my dad didnt invest in the right stocks and thats why it happened. My grandmother worked at GE during the war and rhey gave her stocks that she still has to do this day. At the height, they were worth over a hundred thousand dollars. Do you know what they were worth when she retired? $15,000. Thats it.

“Americans don’t own each other, child”
Really? The last time I checked, your conservative people stated indirectly that I am a negro that is owned by a political party;

“our blacks are better than their blacks”

Coulter

Because regulation, crony capitalism, state taxes (see california), permit requirements, risk of predetory litigation, and suffocating unions, make it more profitable to take the job overseas.

Passive losses are limited to $3000 so in fact you are more correct than I was but if your losses exceed your gains you are only able to take a $3000 dollar deduction against your regular income even if you lost 100′s of thousands of dollars. You are correct in that the full loss can be used to offset other capital gains but not regular income.

http://www.irs.gov/newsroom/article/0,,id=106799,00.html

Sorry my mistake, here is the rule from the IRS.

“If your capital losses exceed your capital gains, the excess can be deducted on your tax return and used to reduce other income, such as wages, up to an annual limit of $3,000, or $1,500 if you are married filing separately.”

Take money from poor give to rich. How is that not class warfare? Please prove this to me

Except that Citizens is no longer the insurer of last resort and no longer has the highest premiums. Both changed at Rubio’s direction. They went to the lower premiums and became just another insurer, even though they are backed by the taxpayers of Florida.

By the way, also not the largest in the state yet. Soon, though.

What the GOP likes about Rubio is that he is young, Hispanic and adequately corrupt to suit the needs of Washington. Also, he readily lies about when his family came to America.

What Tax rate do you pay on the returns from your investments?

Pablo: We are complaining about Economic Inequality, not Income Inequality.

-People have a right to make whatever salary they can.

Pablo defending multi-millionaire Mitt Romney. Yet another reason Obama will win re-election.

Yeah, in the same day Obama coughs up his Academics so we can all marvel at his intellectual prowess as a young man.

And when that happens, we can all enjoy the Milk Toast in the oval office for another four years.

So I should be pissed at someone less fortunate? Isn’t that the exact description of class warfare?

Hypocrisy – look it up…in a mirror.

Rubio is so full of ..it I can see the brown of his eyes in the article’s tiny picture… like saying, “that the President had a Democratic House and Senate for two-thirds of his presidency”

Obama actually had a fillibuster-proof majority for less than 4 months after repugnant one governors and losing candidates delayed and dragged out certifying the elections of a few states.

I think it’s time to turn congress back over to the ‘demoncrats’ after the way the repugant ones have dragged/stomped their feet, thrown tantrums and fits, and done everything they could to keep the US economy in the ditch for the last 3 years.

Those stupid poor people have no right being poor!  It is their fault they’re poor after all.  And my god, Romney does pose for pictures doing his laundry in the servants quarters, so he earns that money.

rubio must have to stay up late at night to learn the distasteful, disrespectful, abusive script for criticizing Obama. . . . its really sad, he might have been a good politician had he not been robotized by the gop. . .hey ruby. . you’re not getting a national position. . get over it!

He’s not naive, he’s a Foxified and Lambaughized soldier for the right- wing conservative movement in Amerika.

And why do they continue to invest in Obama by backing him with their contributions?  Nicely said Mr. Diddie.

Rubio is your typical stupid republican.  The only thing that has been dividing Americans is republicans and their twisted skewed policies and ideologies that do not cross pathways with reality.

Before his first day on the job, I can say in my life, I too have never seen a president PIT Americans against one another the way that Obama’s presidency has. Am I the only one who remembers “yesterday” when articles were written about, literally, families that were splitting up over fights relating to Obama. EVEN before he was elected! Even before he won the Democratic Primary! The animosity between Americans was like nothing ever seen before. Well other than the Civil War. GEEeeeeeeee.., hmmmmm,  I wonder why…  Maybe its a big ear thing? Maybe its a Harvard Law thing? Perhaps its a Hawaii thing.. Because, again, forgetting this article’s general content (which is pretty stupid and uniformed), OBAMA, just simply “Being” has pitted Americans against each other. One day we might be able to figure out why…  .. I’ll let the honest among us figure it out.

Yes you do.  Nice job on my typo… but I think you know what I meant.

This windbag should exile himself.

Maybe it’s because people like yourself can’t argue without the racist aspect thrown into the mix.

HOOO HOO Ho… NICE.. especially since I didnt mention race and ONLY mentioned the facts of his presidential campaign (an entire NEWSWEEK was dedicated to the split in families that occurred during his campaign. The neighbors who stopped being friends, the friends who stopped being friends.. the split, the fighting, the arguments were part of his campaign and BOY OH BOY have they continued.
 Not a single word about his race was mentioned in the articles either. Oh and NEWSWEEK was one of hundreds of media sources that were curious about “the split”). If you say RACE, I’ll go with it because there has to be a few reasons, of which race is one, that even before he was sworn in, America was divided. Perhaps you are correct, but perhaps its not people like ME.. Maybe you can think what type of people have been effected -or is it affected?

My stepfather, a Republican, doesnt think the GOP is going to last that long. He believes that the Republicans are going to completely tear themselves apart into a dozen different entities.

But…but…the seeds get stuck in your teeth…and then you have to somehow go on about your day as if nothings wrong, while all the while frantically making funny faces at bewildered people because we will never learn that our tongues will never get that seed out. Well, maybe Gene Simmons tongue. Anyways, totally toast.

Go back to sleep, Rubio.  You’re not welcome here.

You  should also be piissed at the people who took away the jobs of the 47% causing them to qualify for the earned income credit.

LOL. That may be the funniest comment ive read in weeks. Thanks Pablo. You’re wrong tho. Many, many wars in history have been fought over income inequality due to social class immobility, lack of economic opportunity. Poverty stricken people who watch themselves and their families slowly starve while wealthy people argue whether or not they actually deserve help will cause social unrest every time. I say its anger and disgust more then envy.

If the wealthy create businesses and jobs, how come we had a depression losing 750,000 jobs a month.  Just asking.  And how come the lowly taxpayers had to bail them out?  Somebodys lying.

Why did poor people have to bail out rich people?

Depends on the business…..

Stock markets go up or down…..

Yawn! What other stupidity did they say on Fox today? Outraged chicks, angry fellas, irrational non-intelligent politicians…

Mediaite again starts to conceptually resemble an unofficial echo chamber of Fox News. :(

What an idiotic post..nuff said..

Gloves what a dumb ass post …

 Make you a deal.  If it’s “regulation” I’ll vote for Obama.  And I’m right about Regulation Man.  Look at all the new federal jobs and regulations (coming and going, apparently) he talked about last night. 

Hey, Leedog, don’t you work for Media Matters?

  Booze and bimbos never hurt a vice-president . . .

Kept me off the law review, though.  Seriously, great post.  John Nance Garner, “Warm bucket of spit.”  I think Biden has been a great VP.  Hilarious crack he made when they deported the Russian femme fatale spy, “That wasn’t my idea.”  He hammed it up perfectly, and brought the house down.  And isn’t Rubio foreign born?  No puede ser Presidente.

We’ll, the Supremes are pretty open-minded about where you can put your pee pee, so I wouldn’t worry about it.  Especially in your case. (By the way, predictable liberal rabble showing Like on your post.)  But I’m in favor of some watchdog action on the consumer home front. I went to a county district attorney’s office once with a hot check that had been given to my client, and they were laughing at me the way they laughed at the Dude in The Big Lebowski when he asked if they had any leads on who stole his car.  Someone stole my wallet out of the gym locker once and charged $5K worth of shit on my cards.  And all the mortgage fraud. I regret to say I’m with you Trotskyites on that one.  The private cause of action given to the victim rarely is enough to make him whole.  You end up with a paper judgment and no money.

 Greatly underrated actor.  Remember him in Sophie’s Choice?

 No, he paid 38% on the earnings he put into capital, then another 15% on the gain between the acquisition cost and what he sold it for.  (I see none of the Likes are accountants.)

Where did you get the 38% figure? It presupposes that he “earned” all of the investment dollars in some other way. Isn’t it more likely that the majority of his earnings were capital gains that were then re-invested?
Once one has the momentum of making all of one’s money from investments, one has no need to pay the higher rate for other work.
It is the CEOs of major corporations that should be complaining that they are taxed higher rates than those who “only” invest.

Where did you get the 38% figure? It presupposes that he “earned” all of the investment dollars in some other way. Isn’t it more likely that the majority of his earnings were capital gains that were then re-invested?
Once one has the momentum of making all of one’s money from investments, one has no need to pay the higher rate for other work.
It is the CEOs of major corporations that should be complaining that they are taxed higher rates than those who “only” invest.

He blew it and I blew it.
I apologize.

Of course, Marco didn’t have any problem supporting Obama’s NDAA signing, allowing for the unconstitutional indefinite detention of American citizens without trial or charge. He marched right in goose step with the king on that one.

You’ve described one end of the spectrum.  What about the gain on a small piece of real estate to a middle class family? You have a point about the big dogs who roll over their capital gains.  I’m such a small fry, I don’t even think in those terms. Been middle class all my life.

Statements, like elections, have consequences.

If you’re unwilling to live with the logical consequences of what you say, well, so be it.

Yes and no. The cabal you describe (and which I don’t necessarily deny) relies, reluctantly, on legions of voters to ensure their bought-and-paid-for politicians are in office to pull the levers as instructed.

That’s their weak point, and why we have elections.

Black-box voting and crooked Secretaries of State notwithstanding.

Up until about 5 years ago, I spent most of my time in business development, writing proposals to the US government. We were always instructed that CFR was singular (and I remember googling it more than once to be sure). Since that time, it seems reason has prevailed and now the term is plural.

Mea culpa. You are now free to vote for Herman Cain if you wish.

Technically, so is the stock market

Technically, so is the stock market

The Elite pit the peasants against one another for SPORT. Think of the Roman Colosseum where Caesar (which O’Bummer probably thinks he’s equal to) kept the masses from rebelling against his corrupt government by entertaining them and giving out loaves of bread to fatten them.
Geez, the Elite (who OWN Congress, which is totally complicit in this major SCAM against the People) are NOT the %1 but think it’s funny when the peasants blame the %1 while they are the %.001

Sounds like any 24/7 news channel.  They all behave this way.

note to Marco….yea… we all sang kumbaya and held hands under Bush…lolool

it’s certainly a dubious source when citing a comedy show to present ‘facts’.