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| Post Number: 21
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jimhanson 
Group: Moderator
Posts: 8491
Joined: Aug. 2003
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Posted on: Feb. 22 2006,2:35 pm |
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| Quote | Over half - 54 percent - of all capital gains and dividend income flows to the 0.2 percent of households with annual incomes over $1 million. More than three-quarters - 78 percent - of this income goes to those households with income over $200,000, which account for about 3 percent of all households.
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This is for any given year. Not EVERYBODY getting capital gains treatment is fabulously wealthy. A couple of examples:
You sell your house that has appreciated in value. You can take only 1 house appreciation in a lifetime--but today, people change houses often. The housing market has been doing very well. You pay capital gains on your house--welcome to the "top 3%" you described above.
You die--and your farm or business is sold to divide up amongst the heirs. Welcome to the "rich". 
"Capital Gains" sounds like "Daddy Warbux" (I know, dating myself again, half the people on the Forum won't know who he is)--but in reality, it is just appreciated value for something you own. You PAID for that investment with AFTER TAX money--why should you pay for it AGAIN when you sell it?
Just do the "Fair Tax"--no loopholes, no figuring, rewards savings, and the actual cost of government is apparent with every purchase.
Ooops--politicos can't let THAT happen! 
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"If you want to anger a Conservative, tell him a lie. If you want to anger a LIBERAL, tell him the TRUTH!"
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| Post Number: 22
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Berserker
Group: Members
Posts: 157
Joined: Aug. 2005
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Posted on: Feb. 22 2006,3:59 pm |
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I'll tell you this, if I continued to write checks even though I was running a deficit as large as the Federal Government’s my bank would close my account and I would be unable to borrow money for a long time or at least without a very high interest rate.
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"No iron could bite them, and when they swept into battle, no force could resist them." - Icelandic Sagas
"They who would give up an essential liberty for temporary security, deserve neither liberty or security."-Benjamin Franklin
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| Post Number: 23
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Ned Kelly
Group: Members
Posts: 1073
Joined: Dec. 2004
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Posted on: Feb. 22 2006,6:35 pm |
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| Quote (jimhanson @ Feb. 22 2006,2:35pm) | | You die--and your farm or business is sold to divide up amongst the heirs. Welcome to the "rich". |
Tax laws exempt the first 3 million dollars if you are married and each give 1 and 1/2 million each to your heirs. Bush wants to change that so there is no estate taxes.....zip... How many of you out there will be affected?.. How many of you have 3 million to give your kids? How many of you would benefit if the estate tax as it is now written was dropped?  .......ned
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| Post Number: 24
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jimhanson
Group: Moderator
Posts: 8491
Joined: Aug. 2003
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Posted on: Feb. 23 2006,9:18 am |
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News Flash! Democrats discover there is a deficit in time of war! WW I, WW II, Korea, Vietnam.
It only took them 40-90 years of study to make this discovery!
That's OK, though, those were Democrat Presidencies! 
For the record, I don't know any conservatives that are happy with big government, or deficits. It's amazing how the parties have changed on the issue. During the 60s, 70s, and 80s, Republicans were deriding deficit spending, and Dems were saying "it doesn't matter". Today, the parties are reversed on the issue. Perhaps it has something to do with disgraced Keynsian economic theory--perhaps the success of the Greenspan economies had something to do with it.
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"If you want to anger a Conservative, tell him a lie. If you want to anger a LIBERAL, tell him the TRUTH!"
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| Post Number: 25
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GEOKARJO
Google This!!!
Group: Members
Posts: 7799
Joined: Aug. 2003
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Posted on: Feb. 23 2006,10:58 am |
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We need to take a lesson from the past..........wars fought intermittently between France and England; ... on the part of the nobility to gain wealth and increased prestige.
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| Post Number: 26
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Expatriate
Group: Members
Posts: 16789
Joined: Oct. 2004
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Posted on: Feb. 23 2006,12:14 pm |
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It seems our debt was manageable until the trickle-down economics of the Reagan/Bush era.. thank you Republicans...
| Quote | | If you look at the debt starting with Truman’s term (and remove Roosevelt’s WWII debt) the difference between the two parties contributions to our national debt level change considerably. Since 1946 the Democratic Presidents increased the national debt an average of only 3.7% per year when they were in office. The Republican Presidents stay at an average increase of 9.3% per year. Over the last 59 years Republican Presidents have out borrowed Democratic Presidents by almost a three to one ratio. That is, for every dollar a Democratic President has raised the national debt in the past 59 years Republican Presidents have raised the debt by $2.87. |
the numbers and chart here are out dated and don't include the extra trillion dollars Shrub & Company have piled on the backs of the American Working Class....
 Download attachment [ OCTET Stream ]
Number of downloads: 20
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History is no more than the lies agreed upon by the victors.
~NAPOLEON BONAPARTE
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| Post Number: 27
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Botto 82
Group: Members
Posts: 6293
Joined: Jan. 2005
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Posted on: Feb. 27 2006,12:22 am |
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How dare you defile the Deified Reagan? For shame...
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Dear future generations: Please accept our apologies. We were rolling drunk on petroleum.
- Kurt Vonnegut
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| Post Number: 28
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Ned Kelly
Group: Members
Posts: 1073
Joined: Dec. 2004
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Posted on: Feb. 27 2006,4:40 am |
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| Quote (Botto 82 @ Feb. 27 2006,12:22am) | | How dare you defile the Diefied Reagan? For shame... |
.......ned
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| Post Number: 29
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riffraff
Group: Members
Posts: 550
Joined: Feb. 2004
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Posted on: Mar. 01 2006,8:31 pm |
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| Post Number: 30
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riffraff
Group: Members
Posts: 550
Joined: Feb. 2004
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Posted on: Mar. 01 2006,8:33 pm |
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