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President Obama Re-Elected - Page 563

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Hey guys! We'll be closing this thread shortly, but we will make an American politics megathread where we can continue the discussions in here.

The new thread can be found here: http://www.teamliquid.net/forum/viewmessage.php?topic_id=383301
aksfjh
Profile Joined November 2010
United States4853 Posts
September 21 2012 19:01 GMT
#11241
On September 22 2012 03:40 CajunMan wrote:
Show nested quote +
On September 22 2012 03:34 Focuspants wrote:
On September 22 2012 03:20 Risen wrote:
On September 22 2012 03:18 jdseemoreglass wrote:
Romney to release his 2011 tax returns today and a summary of his last 20 years of taxes paid.

http://thecaucus.blogs.nytimes.com/2012/09/21/romney-to-release-2011-tax-returns/

He paid a tax rate of about 14.1%, largely due to capital gains rate. In 2011 his income was $13.7 million, and he and his wife donated about $4 million to charity. On average over 20 years he donated 13.45% of income to charity.


WE WANT FULL TAX FORMS NOT A SUMMARY!

Good to see Romney doing this. If this works I'm going to be really happy. I mean, just thinking about it from a strategic perspective, slowroll the tax forms so Dems trip over themselves trying to discredit you (looking at you Reid) and then POW, right in the kisser. Respect.


How is paying less than 15% tax something to be proud of? That is disgustingly low for a multi millionaire, regardless of how they earned that money.

Romey pays the same % of income tax as someone who makes $30k a year here in Canada and less than someone making $8,700 – $35,350 in the US. That my friend is not something to be proud of.


He invested smart and is a smart man who worked hard his whole life to get where he is AND donates more money every year than you'll probably make in your entire life time. Get more jelly.

You forgot to mention the part where his dad paid for all his stuff and essentially gave him all his opportunities. Also, how hard do you think it is to make money as a private equity investor when your family is heavily tied to other rich investors? No doubt, he's successful because he's not a complete idiot and a lazy bum, but to suggest that he is "smart and worked hard," and that's the key to his riches is stupid.

Also, he pays the same tax amount as somebody that makes half as much as he does if they don't pile it all as "capital gains." According to the math on wikipedia, he pays a rate less than somebody that makes $90,000 a year. That's just ridiculous.
JonnyBNoHo
Profile Joined July 2011
United States6277 Posts
September 21 2012 19:02 GMT
#11242
On September 22 2012 03:34 Focuspants wrote:
Show nested quote +
On September 22 2012 03:20 Risen wrote:
On September 22 2012 03:18 jdseemoreglass wrote:
Romney to release his 2011 tax returns today and a summary of his last 20 years of taxes paid.

http://thecaucus.blogs.nytimes.com/2012/09/21/romney-to-release-2011-tax-returns/

He paid a tax rate of about 14.1%, largely due to capital gains rate. In 2011 his income was $13.7 million, and he and his wife donated about $4 million to charity. On average over 20 years he donated 13.45% of income to charity.


WE WANT FULL TAX FORMS NOT A SUMMARY!

Good to see Romney doing this. If this works I'm going to be really happy. I mean, just thinking about it from a strategic perspective, slowroll the tax forms so Dems trip over themselves trying to discredit you (looking at you Reid) and then POW, right in the kisser. Respect.


How is paying less than 15% tax something to be proud of? That is disgustingly low for a multi millionaire, regardless of how they earned that money.

Romey pays the same % of income tax as someone who makes $30k a year here in Canada and less than someone making $8,700 – $35,350 in the US. That my friend is not something to be proud of.


A 15% effective tax rate only means that he paid 15% personally. The businesses he owns also paid taxes on the same stream of income.

And no, people that make $35K in the US do not pay 15% in federal income tax.
Gorsameth
Profile Joined April 2010
Netherlands22239 Posts
September 21 2012 19:02 GMT
#11243
On September 22 2012 03:42 xDaunt wrote:
Show nested quote +
On September 22 2012 03:38 HunterX11 wrote:
On September 22 2012 03:19 xDaunt wrote:
On September 22 2012 03:16 Gorsameth wrote:
No, they're laughing at Obama for being weak and folding on the missile defense issue and more or less hanging our Eastern European allies out to dry.


Yeah... im sure a missile defense that Russia hates in your backyard while there in walking distance really makes you feel very secure...

It absolutely makes you secure because it brings your country under the protection of the US military by treaty. You can't get better protection than that, particularly when you have a bad Russian neighbor that has a long history of invading you.


It would make sense for a country like Georgia or Moldova but I really don't think that the Soviets are going to invade Poland or the Czech Republic any time soon.


In the immediate future, there's not much risk. However, if Russia ever did turn aggressive again (and I would bet money that they will once they sort out some of their domestic problems), it wouldn't take much for Russia to run over the nations bordering it allowing for Russia to move into Poland or the Czech Republic.


The rocket shield isnt there to protect nations.
Do you really think its going to stop Russia from driving 1000 tanks down the road? Your smarter then this.
That "shield' is nothing more then a show of American force against a nation they happend to not like 50 years ago.

Its a comedy show but it basicly shows the correct point
It ignores such insignificant forces as time, entropy, and death
jdseemoreglass
Profile Blog Joined July 2010
United States3773 Posts
September 21 2012 19:03 GMT
#11244
So here's a question for xDaunt, the conservative authority in this thread.

What harm exactly would come about if the US counted capital gains as normal taxable income?

The primary problem that comes to mind is the simple volatile nature of investments. For example, I used to play poker for a living, and it was sort of absurd that if you won X dollars you would be taxed on it, and then if you lost those X dollars later, which is very possible in a game with variance, you would still owe those taxes on the money you no longer had. It's difficult to come up with a solution to this at least, unless you could count losses as deductions later I suppose. In either case we could still have a highly progressive tax rate on capital gains so that grandmothers investing for retirement don't take a huge hit, but those earning millions a year do.
"If you want this forum to be full of half-baked philosophy discussions between pompous faggots like yourself forever, stay the course captain vanilla" - FakeSteve[TPR], 2006
Gorsameth
Profile Joined April 2010
Netherlands22239 Posts
September 21 2012 19:04 GMT
#11245
As for Romneys taxes. Why on earth didnt he release this 4 months ago when it was damaging his campaign. he payed the same % over the last 20 years then he did the 2 he released? So why on earth didnt he just come out and say that.
The spin ups coming from everyone speculation were infinitely worse then this. No one expected it to be "the same" when he went through so much trouble to hide them.
It ignores such insignificant forces as time, entropy, and death
xDaunt
Profile Joined March 2010
United States17988 Posts
September 21 2012 19:07 GMT
#11246
On September 22 2012 04:02 Gorsameth wrote:
Show nested quote +
On September 22 2012 03:42 xDaunt wrote:
On September 22 2012 03:38 HunterX11 wrote:
On September 22 2012 03:19 xDaunt wrote:
On September 22 2012 03:16 Gorsameth wrote:
No, they're laughing at Obama for being weak and folding on the missile defense issue and more or less hanging our Eastern European allies out to dry.


Yeah... im sure a missile defense that Russia hates in your backyard while there in walking distance really makes you feel very secure...

It absolutely makes you secure because it brings your country under the protection of the US military by treaty. You can't get better protection than that, particularly when you have a bad Russian neighbor that has a long history of invading you.


It would make sense for a country like Georgia or Moldova but I really don't think that the Soviets are going to invade Poland or the Czech Republic any time soon.


In the immediate future, there's not much risk. However, if Russia ever did turn aggressive again (and I would bet money that they will once they sort out some of their domestic problems), it wouldn't take much for Russia to run over the nations bordering it allowing for Russia to move into Poland or the Czech Republic.


The rocket shield isnt there to protect nations.
Do you really think its going to stop Russia from driving 1000 tanks down the road? Your smarter then this.
That "shield' is nothing more then a show of American force against a nation they happend to not like 50 years ago.

Its a comedy show but it basicly shows the correct point
http://www.youtube.com/watch?v=wt2u4dlZBHE


The missile shield isn't going to stop Russia from driving tanks into Poland. It won't even stop Russia from nuking Poland.

What will stop Russia is the US defense treaty that comes with the missile shield.
aksfjh
Profile Joined November 2010
United States4853 Posts
September 21 2012 19:08 GMT
#11247
On September 22 2012 04:02 JonnyBNoHo wrote:
Show nested quote +
On September 22 2012 03:34 Focuspants wrote:
On September 22 2012 03:20 Risen wrote:
On September 22 2012 03:18 jdseemoreglass wrote:
Romney to release his 2011 tax returns today and a summary of his last 20 years of taxes paid.

http://thecaucus.blogs.nytimes.com/2012/09/21/romney-to-release-2011-tax-returns/

He paid a tax rate of about 14.1%, largely due to capital gains rate. In 2011 his income was $13.7 million, and he and his wife donated about $4 million to charity. On average over 20 years he donated 13.45% of income to charity.


WE WANT FULL TAX FORMS NOT A SUMMARY!

Good to see Romney doing this. If this works I'm going to be really happy. I mean, just thinking about it from a strategic perspective, slowroll the tax forms so Dems trip over themselves trying to discredit you (looking at you Reid) and then POW, right in the kisser. Respect.


How is paying less than 15% tax something to be proud of? That is disgustingly low for a multi millionaire, regardless of how they earned that money.

Romey pays the same % of income tax as someone who makes $30k a year here in Canada and less than someone making $8,700 – $35,350 in the US. That my friend is not something to be proud of.


A 15% effective tax rate only means that he paid 15% personally. The businesses he owns also paid taxes on the same stream of income.

And no, people that make $35K in the US do not pay 15% in federal income tax.

God, shut up about the "double taxation" bullshit. We've already established that it's pretty much a moot point, and all you're doing is using it to justify some stupid notion that, somehow, it brings taxrates up on investors to crazy amounts. Either put some fucking math behind this crap or stop talking about it.

Also, $35k will net a taxrate of ~15% before deductions and credits. With deductions and credits, the effective taxrate hits 15% around $90k for married filing jointly.
HunterX11
Profile Joined March 2009
United States1048 Posts
September 21 2012 19:09 GMT
#11248
On September 22 2012 04:07 xDaunt wrote:
Show nested quote +
On September 22 2012 04:02 Gorsameth wrote:
On September 22 2012 03:42 xDaunt wrote:
On September 22 2012 03:38 HunterX11 wrote:
On September 22 2012 03:19 xDaunt wrote:
On September 22 2012 03:16 Gorsameth wrote:
No, they're laughing at Obama for being weak and folding on the missile defense issue and more or less hanging our Eastern European allies out to dry.


Yeah... im sure a missile defense that Russia hates in your backyard while there in walking distance really makes you feel very secure...

It absolutely makes you secure because it brings your country under the protection of the US military by treaty. You can't get better protection than that, particularly when you have a bad Russian neighbor that has a long history of invading you.


It would make sense for a country like Georgia or Moldova but I really don't think that the Soviets are going to invade Poland or the Czech Republic any time soon.


In the immediate future, there's not much risk. However, if Russia ever did turn aggressive again (and I would bet money that they will once they sort out some of their domestic problems), it wouldn't take much for Russia to run over the nations bordering it allowing for Russia to move into Poland or the Czech Republic.


The rocket shield isnt there to protect nations.
Do you really think its going to stop Russia from driving 1000 tanks down the road? Your smarter then this.
That "shield' is nothing more then a show of American force against a nation they happend to not like 50 years ago.

Its a comedy show but it basicly shows the correct point
http://www.youtube.com/watch?v=wt2u4dlZBHE


The missile shield isn't going to stop Russia from driving tanks into Poland. It won't even stop Russia from nuking Poland.

What will stop Russia is the US defense treaty that comes with the missile shield.


Uh there already is such a thing as the "North Atlantic Treaty Organization" also known as NATO, of which Poland and the Czech Republic were members before the proposed missile shield.
Try using both Irradiate and Defensive Matrix on an Overlord. It looks pretty neat.
JinDesu
Profile Blog Joined August 2010
United States3990 Posts
September 21 2012 19:11 GMT
#11249
On September 22 2012 04:07 xDaunt wrote:
Show nested quote +
On September 22 2012 04:02 Gorsameth wrote:
On September 22 2012 03:42 xDaunt wrote:
On September 22 2012 03:38 HunterX11 wrote:
On September 22 2012 03:19 xDaunt wrote:
On September 22 2012 03:16 Gorsameth wrote:
No, they're laughing at Obama for being weak and folding on the missile defense issue and more or less hanging our Eastern European allies out to dry.


Yeah... im sure a missile defense that Russia hates in your backyard while there in walking distance really makes you feel very secure...

It absolutely makes you secure because it brings your country under the protection of the US military by treaty. You can't get better protection than that, particularly when you have a bad Russian neighbor that has a long history of invading you.


It would make sense for a country like Georgia or Moldova but I really don't think that the Soviets are going to invade Poland or the Czech Republic any time soon.


In the immediate future, there's not much risk. However, if Russia ever did turn aggressive again (and I would bet money that they will once they sort out some of their domestic problems), it wouldn't take much for Russia to run over the nations bordering it allowing for Russia to move into Poland or the Czech Republic.


The rocket shield isnt there to protect nations.
Do you really think its going to stop Russia from driving 1000 tanks down the road? Your smarter then this.
That "shield' is nothing more then a show of American force against a nation they happend to not like 50 years ago.

Its a comedy show but it basicly shows the correct point
http://www.youtube.com/watch?v=wt2u4dlZBHE


The missile shield isn't going to stop Russia from driving tanks into Poland. It won't even stop Russia from nuking Poland.

What will stop Russia is the US defense treaty that comes with the missile shield.


<-not fully informed on this situation but...

Couldn't that Defense Treaty stand alone, without the missile shield?
Yargh
xDaunt
Profile Joined March 2010
United States17988 Posts
September 21 2012 19:13 GMT
#11250
On September 22 2012 04:03 jdseemoreglass wrote:
So here's a question for xDaunt, the conservative authority in this thread.

What harm exactly would come about if the US counted capital gains as normal taxable income?

The primary problem that comes to mind is the simple volatile nature of investments. For example, I used to play poker for a living, and it was sort of absurd that if you won X dollars you would be taxed on it, and then if you lost those X dollars later, which is very possible in a game with variance, you would still owe those taxes on the money you no longer had. It's difficult to come up with a solution to this at least, unless you could count losses as deductions later I suppose. In either case we could still have a highly progressive tax rate on capital gains so that grandmothers investing for retirement don't take a huge hit, but those earning millions a year do.

There are a lot of reasons not to tax capital gains as a regular income. The most important of these is to encourage investment spending, which has incredibly important and powerful positive economic externalities. Jacking up the tax rate on capital gains means jacking up the tax rate on investment spending. Economics 101 dictates that increasing the cost of an activity decreases the incidence of that activity. So if we tax capital gains income like regular income, thereby more than doubling the effective tax on capital gains (in most situations, because let's face it, most investment spending comes from the rich because they have the money), investment spending will be depressed, liquidity will dry up, and we'll be stuck again in another economic environment where capital is difficult to come by.
Doublemint
Profile Joined July 2011
Austria8739 Posts
September 21 2012 19:14 GMT
#11251
On September 22 2012 04:09 HunterX11 wrote:
Show nested quote +
On September 22 2012 04:07 xDaunt wrote:
On September 22 2012 04:02 Gorsameth wrote:
On September 22 2012 03:42 xDaunt wrote:
On September 22 2012 03:38 HunterX11 wrote:
On September 22 2012 03:19 xDaunt wrote:
On September 22 2012 03:16 Gorsameth wrote:
No, they're laughing at Obama for being weak and folding on the missile defense issue and more or less hanging our Eastern European allies out to dry.


Yeah... im sure a missile defense that Russia hates in your backyard while there in walking distance really makes you feel very secure...

It absolutely makes you secure because it brings your country under the protection of the US military by treaty. You can't get better protection than that, particularly when you have a bad Russian neighbor that has a long history of invading you.


It would make sense for a country like Georgia or Moldova but I really don't think that the Soviets are going to invade Poland or the Czech Republic any time soon.


In the immediate future, there's not much risk. However, if Russia ever did turn aggressive again (and I would bet money that they will once they sort out some of their domestic problems), it wouldn't take much for Russia to run over the nations bordering it allowing for Russia to move into Poland or the Czech Republic.


The rocket shield isnt there to protect nations.
Do you really think its going to stop Russia from driving 1000 tanks down the road? Your smarter then this.
That "shield' is nothing more then a show of American force against a nation they happend to not like 50 years ago.

Its a comedy show but it basicly shows the correct point
http://www.youtube.com/watch?v=wt2u4dlZBHE


The missile shield isn't going to stop Russia from driving tanks into Poland. It won't even stop Russia from nuking Poland.

What will stop Russia is the US defense treaty that comes with the missile shield.


Uh there already is such a thing as the "North Atlantic Treaty Organization" also known as NATO, of which Poland and the Czech Republic were members before the proposed missile shield.


Wanted to type the same thing.

The real shield and not some mere high tech toy against something like an unlikely aggression from Russia is the Nato and the nations upholding it.
Pride goeth before destruction, and an haughty spirit before the fall.
xDaunt
Profile Joined March 2010
United States17988 Posts
September 21 2012 19:14 GMT
#11252
On September 22 2012 04:11 JinDesu wrote:
Show nested quote +
On September 22 2012 04:07 xDaunt wrote:
On September 22 2012 04:02 Gorsameth wrote:
On September 22 2012 03:42 xDaunt wrote:
On September 22 2012 03:38 HunterX11 wrote:
On September 22 2012 03:19 xDaunt wrote:
On September 22 2012 03:16 Gorsameth wrote:
No, they're laughing at Obama for being weak and folding on the missile defense issue and more or less hanging our Eastern European allies out to dry.


Yeah... im sure a missile defense that Russia hates in your backyard while there in walking distance really makes you feel very secure...

It absolutely makes you secure because it brings your country under the protection of the US military by treaty. You can't get better protection than that, particularly when you have a bad Russian neighbor that has a long history of invading you.


It would make sense for a country like Georgia or Moldova but I really don't think that the Soviets are going to invade Poland or the Czech Republic any time soon.


In the immediate future, there's not much risk. However, if Russia ever did turn aggressive again (and I would bet money that they will once they sort out some of their domestic problems), it wouldn't take much for Russia to run over the nations bordering it allowing for Russia to move into Poland or the Czech Republic.


The rocket shield isnt there to protect nations.
Do you really think its going to stop Russia from driving 1000 tanks down the road? Your smarter then this.
That "shield' is nothing more then a show of American force against a nation they happend to not like 50 years ago.

Its a comedy show but it basicly shows the correct point
http://www.youtube.com/watch?v=wt2u4dlZBHE


The missile shield isn't going to stop Russia from driving tanks into Poland. It won't even stop Russia from nuking Poland.

What will stop Russia is the US defense treaty that comes with the missile shield.


<-not fully informed on this situation but...

Couldn't that Defense Treaty stand alone, without the missile shield?

Sure, but the US should leverage that treaty and its promise to protect these countries to secure favors such as a location to put an ABM base.
Nightfall.589
Profile Joined August 2010
Canada766 Posts
September 21 2012 19:19 GMT
#11253
On September 22 2012 04:13 xDaunt wrote:
Show nested quote +
On September 22 2012 04:03 jdseemoreglass wrote:
So here's a question for xDaunt, the conservative authority in this thread.

What harm exactly would come about if the US counted capital gains as normal taxable income?

The primary problem that comes to mind is the simple volatile nature of investments. For example, I used to play poker for a living, and it was sort of absurd that if you won X dollars you would be taxed on it, and then if you lost those X dollars later, which is very possible in a game with variance, you would still owe those taxes on the money you no longer had. It's difficult to come up with a solution to this at least, unless you could count losses as deductions later I suppose. In either case we could still have a highly progressive tax rate on capital gains so that grandmothers investing for retirement don't take a huge hit, but those earning millions a year do.

There are a lot of reasons not to tax capital gains as a regular income. The most important of these is to encourage investment spending, which has incredibly important and powerful positive economic externalities. Jacking up the tax rate on capital gains means jacking up the tax rate on investment spending. Economics 101 dictates that increasing the cost of an activity decreases the incidence of that activity. So if we tax capital gains income like regular income, thereby more than doubling the effective tax on capital gains (in most situations, because let's face it, most investment spending comes from the rich because they have the money), investment spending will be depressed, liquidity will dry up, and we'll be stuck again in another economic environment where capital is difficult to come by.

Why would a tax on investment gains reduce the amount of investment? Are the rich going to stuff their money in their collective mattresses?

Yes, it will slow down the trickle-up of wealth. Which would leave the middle class with more money - money spent on consumption - money that is the actual driver of the economy. All the investments in the world don't matter when there's nobody who can afford to buy your company's products.
Proof by Legislation: An entire body of (sort-of) elected officials is more correct than all of the known laws of physics, math and science as a whole. -Scott McIntyre
Gorsameth
Profile Joined April 2010
Netherlands22239 Posts
September 21 2012 19:19 GMT
#11254
On September 22 2012 04:11 JinDesu wrote:
Show nested quote +
On September 22 2012 04:07 xDaunt wrote:
On September 22 2012 04:02 Gorsameth wrote:
On September 22 2012 03:42 xDaunt wrote:
On September 22 2012 03:38 HunterX11 wrote:
On September 22 2012 03:19 xDaunt wrote:
On September 22 2012 03:16 Gorsameth wrote:
No, they're laughing at Obama for being weak and folding on the missile defense issue and more or less hanging our Eastern European allies out to dry.


Yeah... im sure a missile defense that Russia hates in your backyard while there in walking distance really makes you feel very secure...

It absolutely makes you secure because it brings your country under the protection of the US military by treaty. You can't get better protection than that, particularly when you have a bad Russian neighbor that has a long history of invading you.


It would make sense for a country like Georgia or Moldova but I really don't think that the Soviets are going to invade Poland or the Czech Republic any time soon.


In the immediate future, there's not much risk. However, if Russia ever did turn aggressive again (and I would bet money that they will once they sort out some of their domestic problems), it wouldn't take much for Russia to run over the nations bordering it allowing for Russia to move into Poland or the Czech Republic.


The rocket shield isnt there to protect nations.
Do you really think its going to stop Russia from driving 1000 tanks down the road? Your smarter then this.
That "shield' is nothing more then a show of American force against a nation they happend to not like 50 years ago.

Its a comedy show but it basicly shows the correct point
http://www.youtube.com/watch?v=wt2u4dlZBHE


The missile shield isn't going to stop Russia from driving tanks into Poland. It won't even stop Russia from nuking Poland.

What will stop Russia is the US defense treaty that comes with the missile shield.


<-not fully informed on this situation but...

Couldn't that Defense Treaty stand alone, without the missile shield?

No because a defense treaty doesnt come with a very lucrative job for your buddy in the arms industry.
It ignores such insignificant forces as time, entropy, and death
JonnyBNoHo
Profile Joined July 2011
United States6277 Posts
September 21 2012 19:20 GMT
#11255
On September 22 2012 04:08 aksfjh wrote:
Show nested quote +
On September 22 2012 04:02 JonnyBNoHo wrote:
On September 22 2012 03:34 Focuspants wrote:
On September 22 2012 03:20 Risen wrote:
On September 22 2012 03:18 jdseemoreglass wrote:
Romney to release his 2011 tax returns today and a summary of his last 20 years of taxes paid.

http://thecaucus.blogs.nytimes.com/2012/09/21/romney-to-release-2011-tax-returns/

He paid a tax rate of about 14.1%, largely due to capital gains rate. In 2011 his income was $13.7 million, and he and his wife donated about $4 million to charity. On average over 20 years he donated 13.45% of income to charity.


WE WANT FULL TAX FORMS NOT A SUMMARY!

Good to see Romney doing this. If this works I'm going to be really happy. I mean, just thinking about it from a strategic perspective, slowroll the tax forms so Dems trip over themselves trying to discredit you (looking at you Reid) and then POW, right in the kisser. Respect.


How is paying less than 15% tax something to be proud of? That is disgustingly low for a multi millionaire, regardless of how they earned that money.

Romey pays the same % of income tax as someone who makes $30k a year here in Canada and less than someone making $8,700 – $35,350 in the US. That my friend is not something to be proud of.


A 15% effective tax rate only means that he paid 15% personally. The businesses he owns also paid taxes on the same stream of income.

And no, people that make $35K in the US do not pay 15% in federal income tax.

God, shut up about the "double taxation" bullshit. We've already established that it's pretty much a moot point, and all you're doing is using it to justify some stupid notion that, somehow, it brings taxrates up on investors to crazy amounts. Either put some fucking math behind this crap or stop talking about it.

Also, $35k will net a taxrate of ~15% before deductions and credits. With deductions and credits, the effective taxrate hits 15% around $90k for married filing jointly.


Double taxation is real. If you really like I can try to scan a finance textbook and post it for you later.

Here's an easy example though:

A company makes $100 in EBIT (earnings before interest and taxes).

$50 goes to the debt holder and is completely deducted from the company's taxes as a normal expense. The $50 is then taxed only at the personal level the same as ordinary income (no higher than 35%).

The remaining $50 then gets taxed at the corporate level (nominally 35%) - that leaves $32.50 for the owner which can be passed to the owner through a higher stock price or a dividend. Either way that $32.50 gets taxed again. If at a 15% rate that further reduces income to $27.63 and raises the effective tax rate on that $50 of income to 44.7%.
Derez
Profile Blog Joined January 2011
Netherlands6068 Posts
September 21 2012 19:27 GMT
#11256
On September 22 2012 04:14 xDaunt wrote:
Show nested quote +
On September 22 2012 04:11 JinDesu wrote:
On September 22 2012 04:07 xDaunt wrote:
On September 22 2012 04:02 Gorsameth wrote:
On September 22 2012 03:42 xDaunt wrote:
On September 22 2012 03:38 HunterX11 wrote:
On September 22 2012 03:19 xDaunt wrote:
On September 22 2012 03:16 Gorsameth wrote:
No, they're laughing at Obama for being weak and folding on the missile defense issue and more or less hanging our Eastern European allies out to dry.


Yeah... im sure a missile defense that Russia hates in your backyard while there in walking distance really makes you feel very secure...

It absolutely makes you secure because it brings your country under the protection of the US military by treaty. You can't get better protection than that, particularly when you have a bad Russian neighbor that has a long history of invading you.


It would make sense for a country like Georgia or Moldova but I really don't think that the Soviets are going to invade Poland or the Czech Republic any time soon.


In the immediate future, there's not much risk. However, if Russia ever did turn aggressive again (and I would bet money that they will once they sort out some of their domestic problems), it wouldn't take much for Russia to run over the nations bordering it allowing for Russia to move into Poland or the Czech Republic.


The rocket shield isnt there to protect nations.
Do you really think its going to stop Russia from driving 1000 tanks down the road? Your smarter then this.
That "shield' is nothing more then a show of American force against a nation they happend to not like 50 years ago.

Its a comedy show but it basicly shows the correct point
http://www.youtube.com/watch?v=wt2u4dlZBHE


The missile shield isn't going to stop Russia from driving tanks into Poland. It won't even stop Russia from nuking Poland.

What will stop Russia is the US defense treaty that comes with the missile shield.


<-not fully informed on this situation but...

Couldn't that Defense Treaty stand alone, without the missile shield?

Sure, but the US should leverage that treaty and its promise to protect these countries to secure favors such as a location to put an ABM base.

Leveraging the NATO treaty to bully countries into doing what you want. That's going to work out oh so well.

You'd imagine the Bush years would have taught you all something about foreign policy.
xDaunt
Profile Joined March 2010
United States17988 Posts
September 21 2012 19:31 GMT
#11257
On September 22 2012 04:27 Derez wrote:
Show nested quote +
On September 22 2012 04:14 xDaunt wrote:
On September 22 2012 04:11 JinDesu wrote:
On September 22 2012 04:07 xDaunt wrote:
On September 22 2012 04:02 Gorsameth wrote:
On September 22 2012 03:42 xDaunt wrote:
On September 22 2012 03:38 HunterX11 wrote:
On September 22 2012 03:19 xDaunt wrote:
On September 22 2012 03:16 Gorsameth wrote:
No, they're laughing at Obama for being weak and folding on the missile defense issue and more or less hanging our Eastern European allies out to dry.


Yeah... im sure a missile defense that Russia hates in your backyard while there in walking distance really makes you feel very secure...

It absolutely makes you secure because it brings your country under the protection of the US military by treaty. You can't get better protection than that, particularly when you have a bad Russian neighbor that has a long history of invading you.


It would make sense for a country like Georgia or Moldova but I really don't think that the Soviets are going to invade Poland or the Czech Republic any time soon.


In the immediate future, there's not much risk. However, if Russia ever did turn aggressive again (and I would bet money that they will once they sort out some of their domestic problems), it wouldn't take much for Russia to run over the nations bordering it allowing for Russia to move into Poland or the Czech Republic.


The rocket shield isnt there to protect nations.
Do you really think its going to stop Russia from driving 1000 tanks down the road? Your smarter then this.
That "shield' is nothing more then a show of American force against a nation they happend to not like 50 years ago.

Its a comedy show but it basicly shows the correct point
http://www.youtube.com/watch?v=wt2u4dlZBHE


The missile shield isn't going to stop Russia from driving tanks into Poland. It won't even stop Russia from nuking Poland.

What will stop Russia is the US defense treaty that comes with the missile shield.


<-not fully informed on this situation but...

Couldn't that Defense Treaty stand alone, without the missile shield?

Sure, but the US should leverage that treaty and its promise to protect these countries to secure favors such as a location to put an ABM base.

Leveraging the NATO treaty to bully countries into doing what you want. That's going to work out oh so well.

You'd imagine the Bush years would have taught you all something about foreign policy.

There was no bullying involved in the missile shield treaties. Hell, I don't recall seeing any expressions of relief from the leaders of Poland and the Czech Republic about Obama pulling the plug on the project. To the contrary, they have hammered Obama for pulling the rug out from under them.

As for Bush, say whatever you want, but Bush effectively mobilized international support for American interests and got shit done. Like I have turned blue in the face saying, Obama has been a miserable failure in this regard.
JinDesu
Profile Blog Joined August 2010
United States3990 Posts
September 21 2012 19:32 GMT
#11258
On September 22 2012 04:14 xDaunt wrote:
Show nested quote +
On September 22 2012 04:11 JinDesu wrote:
On September 22 2012 04:07 xDaunt wrote:
On September 22 2012 04:02 Gorsameth wrote:
On September 22 2012 03:42 xDaunt wrote:
On September 22 2012 03:38 HunterX11 wrote:
On September 22 2012 03:19 xDaunt wrote:
On September 22 2012 03:16 Gorsameth wrote:
No, they're laughing at Obama for being weak and folding on the missile defense issue and more or less hanging our Eastern European allies out to dry.


Yeah... im sure a missile defense that Russia hates in your backyard while there in walking distance really makes you feel very secure...

It absolutely makes you secure because it brings your country under the protection of the US military by treaty. You can't get better protection than that, particularly when you have a bad Russian neighbor that has a long history of invading you.


It would make sense for a country like Georgia or Moldova but I really don't think that the Soviets are going to invade Poland or the Czech Republic any time soon.


In the immediate future, there's not much risk. However, if Russia ever did turn aggressive again (and I would bet money that they will once they sort out some of their domestic problems), it wouldn't take much for Russia to run over the nations bordering it allowing for Russia to move into Poland or the Czech Republic.


The rocket shield isnt there to protect nations.
Do you really think its going to stop Russia from driving 1000 tanks down the road? Your smarter then this.
That "shield' is nothing more then a show of American force against a nation they happend to not like 50 years ago.

Its a comedy show but it basicly shows the correct point
http://www.youtube.com/watch?v=wt2u4dlZBHE


The missile shield isn't going to stop Russia from driving tanks into Poland. It won't even stop Russia from nuking Poland.

What will stop Russia is the US defense treaty that comes with the missile shield.


<-not fully informed on this situation but...

Couldn't that Defense Treaty stand alone, without the missile shield?

Sure, but the US should leverage that treaty and its promise to protect these countries to secure favors such as a location to put an ABM base.


Sorry - but his statement is "An ABM system isn't going to protect these countries from Russia walking in."
If a defense treaty is going to stop Russia, then why put in the ABM system? If the ABM system is in, and Russia wants to break the treaty, that ABM system isn't going to stop anything.

I suppose the only way to actually slow Russia is to have full foward military bases, but that's a bag of its own worms...
Yargh
xDaunt
Profile Joined March 2010
United States17988 Posts
Last Edited: 2012-09-21 19:34:27
September 21 2012 19:33 GMT
#11259
On September 22 2012 04:19 Nightfall.589 wrote:
Show nested quote +
On September 22 2012 04:13 xDaunt wrote:
On September 22 2012 04:03 jdseemoreglass wrote:
So here's a question for xDaunt, the conservative authority in this thread.

What harm exactly would come about if the US counted capital gains as normal taxable income?

The primary problem that comes to mind is the simple volatile nature of investments. For example, I used to play poker for a living, and it was sort of absurd that if you won X dollars you would be taxed on it, and then if you lost those X dollars later, which is very possible in a game with variance, you would still owe those taxes on the money you no longer had. It's difficult to come up with a solution to this at least, unless you could count losses as deductions later I suppose. In either case we could still have a highly progressive tax rate on capital gains so that grandmothers investing for retirement don't take a huge hit, but those earning millions a year do.

There are a lot of reasons not to tax capital gains as a regular income. The most important of these is to encourage investment spending, which has incredibly important and powerful positive economic externalities. Jacking up the tax rate on capital gains means jacking up the tax rate on investment spending. Economics 101 dictates that increasing the cost of an activity decreases the incidence of that activity. So if we tax capital gains income like regular income, thereby more than doubling the effective tax on capital gains (in most situations, because let's face it, most investment spending comes from the rich because they have the money), investment spending will be depressed, liquidity will dry up, and we'll be stuck again in another economic environment where capital is difficult to come by.

Why would a tax on investment gains reduce the amount of investment? Are the rich going to stuff their money in their collective mattresses?


They'll do any number of different things, including spending money on new toys or investing the money offshore (in other countries) where they won't have to worry about the tax.

Yes, it will slow down the trickle-up of wealth. Which would leave the middle class with more money - money spent on consumption - money that is the actual driver of the economy. All the investments in the world don't matter when there's nobody who can afford to buy your company's products.


I'd love to hear an explanation on how this money typically spent on investment will somehow work its way to the middle class. If the capital dries up, companies have less money to create and sell their products, which means that the middle class takes it in the shorts in terms of lost jobs and lower wages.
Nesto
Profile Joined November 2009
Switzerland1318 Posts
September 21 2012 19:35 GMT
#11260
On September 22 2012 04:31 xDaunt wrote:
Show nested quote +
On September 22 2012 04:27 Derez wrote:
On September 22 2012 04:14 xDaunt wrote:
On September 22 2012 04:11 JinDesu wrote:
On September 22 2012 04:07 xDaunt wrote:
On September 22 2012 04:02 Gorsameth wrote:
On September 22 2012 03:42 xDaunt wrote:
On September 22 2012 03:38 HunterX11 wrote:
On September 22 2012 03:19 xDaunt wrote:
On September 22 2012 03:16 Gorsameth wrote:
[quote]

Yeah... im sure a missile defense that Russia hates in your backyard while there in walking distance really makes you feel very secure...

It absolutely makes you secure because it brings your country under the protection of the US military by treaty. You can't get better protection than that, particularly when you have a bad Russian neighbor that has a long history of invading you.


It would make sense for a country like Georgia or Moldova but I really don't think that the Soviets are going to invade Poland or the Czech Republic any time soon.


In the immediate future, there's not much risk. However, if Russia ever did turn aggressive again (and I would bet money that they will once they sort out some of their domestic problems), it wouldn't take much for Russia to run over the nations bordering it allowing for Russia to move into Poland or the Czech Republic.


The rocket shield isnt there to protect nations.
Do you really think its going to stop Russia from driving 1000 tanks down the road? Your smarter then this.
That "shield' is nothing more then a show of American force against a nation they happend to not like 50 years ago.

Its a comedy show but it basicly shows the correct point
http://www.youtube.com/watch?v=wt2u4dlZBHE


The missile shield isn't going to stop Russia from driving tanks into Poland. It won't even stop Russia from nuking Poland.

What will stop Russia is the US defense treaty that comes with the missile shield.


<-not fully informed on this situation but...

Couldn't that Defense Treaty stand alone, without the missile shield?

Sure, but the US should leverage that treaty and its promise to protect these countries to secure favors such as a location to put an ABM base.

Leveraging the NATO treaty to bully countries into doing what you want. That's going to work out oh so well.

You'd imagine the Bush years would have taught you all something about foreign policy.

There was no bullying involved in the missile shield treaties. Hell, I don't recall seeing any expressions of relief from the leaders of Poland and the Czech Republic about Obama pulling the plug on the project. To the contrary, they have hammered Obama for pulling the rug out from under them.

As for Bush, say whatever you want, but Bush effectively mobilized international support for American interests and got shit done. Like I have turned blue in the face saying, Obama has been a miserable failure in this regard.


yeah I think I recall that overwhelming support, which lead to the creation of freedom fries...
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