FB: Liberty League

[Regulator]

pbr is hoping by the 1st of the new year the ship has righted itself but right now pbr doesnt have the warm and fuzzy feeling in seeing that come around...hold onto those short positions in the market and make some coin

And if a certain person gets elected and doubles the capital gains tax, imposes a windfall profits tax, and a cap and trade tax.   A trillion in new taxes.  Add to that no viable energy policy.  Hello $8-$10 per gallon of gasoline, food shortages, high unemployment, and an economy brought to its knees.

Sweet!

Hey wait a minute! new taxes, yes, but not for poor, young, middle class, DC88.
All the rich guys can pay more taxes. Breaks for the guys who make $150, $250k, OR $1m IS STUPID.

What are you talking about DC08?  not to get into it, but why should people that work hard and make good money be responsible for people that are typically lazy and unmotivated?

[union89]

pbr is hoping by the 1st of the new year the ship has righted itself but right now pbr doesnt have the warm and fuzzy feeling in seeing that come around...hold onto those short positions in the market and make some coin

And if a certain person gets elected and doubles the capital gains tax, imposes a windfall profits tax, and a cap and trade tax.   A trillion in new taxes.  Add to that no viable energy policy.  Hello $8-$10 per gallon of gasoline, food shortages, high unemployment, and an economy brought to its knees.

Sweet!

Hey wait a minute! new taxes, yes, but not for poor, young, middle class, DC88.
All the rich guys can pay more taxes. Breaks for the guys who make $150, $250k, OR $1m IS STUPID.

Be careful nephew.......you are walking a fine line here.......

Tax breaks and increases in capital gains taxes are completely different things.

[JT]

pbr is hoping by the 1st of the new year the ship has righted itself but right now pbr doesnt have the warm and fuzzy feeling in seeing that come around...hold onto those short positions in the market and make some coin

And if a certain person gets elected and doubles the capital gains tax, imposes a windfall profits tax, and a cap and trade tax.   A trillion in new taxes.  Add to that no viable energy policy.  Hello $8-$10 per gallon of gasoline, food shortages, high unemployment, and an economy brought to its knees.

Sweet!

Hey wait a minute! new taxes, yes, but not for poor, young, middle class, DC88.
All the rich guys can pay more taxes. Breaks for the guys who make $150, $250k, OR $1m IS STUPID.

Be careful nephew.......you are walking a fine line here.......

Tax breaks and increases in capitals gains taxes are completely different things.

Don't worry JT will help a brother out.  As long as DC88 isn't a moonbat (look it up), he'll come around.

[PBR...]

Erin Andrews move on over PSU student Melanie Collins just got hired as big ten networks sideline reporter....dear lord check her pix out!!! WOW unbelievable!! 

http://www.tempe12.com/girls/melanie/

[Ralph Turner]

pbr is hoping by the 1st of the new year the ship has righted itself but right now pbr doesnt have the warm and fuzzy feeling in seeing that come around...hold onto those short positions in the market and make some coin

And if a certain person gets elected and doubles the capital gains tax, imposes a windfall profits tax, and a cap and trade tax.   A trillion in new taxes.  Add to that no viable energy policy.  Hello $8-$10 per gallon of gasoline, food shortages, high unemployment, and an economy brought to its knees.

Sweet!

Hey wait a minute! new taxes, yes, but not for poor, young, middle class, DC88.
All the rich guys can pay more taxes. Breaks for the guys who make $150, $250k, OR $1m IS STUPID.

Be careful nephew.......you are walking a fine line here.......

Tax breaks and increases in capitals gains taxes are completely different things.

Don't worry JT will help a brother out.  As long as DC88 isn't a moonbat (look it up), he'll come around.

JT, let's help the guy out.  Taxes are collected when a taxable event occurs.

You have held onto an asset, a stock, a bond, a piece of property for a long period of time.  The asset is performing okay.  The Capital Gains rate suddenly is dropped.  You can sell the asset this year and pay less in capital gains taxes than you would have last year.  This frees up assets that you can do something else now  The net effect of the Bush Capital Gains tax cuts is that more tax revenue came into the government.  The smart wealthy guy then figures out where he can make more money, create more wealth, create more jobs and do it all over again.

Now the "little guy" is thinking...do I want the government to collect more taxes?  Or, do I want to really "stick it" to the rich guy, if and when he sells that asset?  If the rich guy doesn't want to sell that asset and pay higher taxes, he holds the asset and the government doesn't get any taxes revenue.

You New Jerseyans have a great example up there.  Does Gov. Corzine talk about levying taxes on "wealth" that is held in portfolios in which no taxable transaction is conducted, or does he talk about "taxing the wealthy" and end up taxing "income" whether the person is wealthy or not?  I very seriously doubt that Gov. Corzine has done anything to his portfolio to become "less wealthy".

What your local newspaper or TV news guy hasn't told you is that amount of taxes  paid and the percentage of the tax revenue coming from whatever "decile of wealthy" you want to look at has gone up due to the "Bush tax cuts" in 2003!*

Table on tax revenue percentages by percentile of adjusted gross income.

You have to decide what you want, (and you don't get both because the smart people do not make stupid decisions with their money).

--More revenue coming into the Dept of Treasury,

-- or higher tax rates to punish someone out your own envy and malevolence.

Do you honestly think that any politician is going to vote any tax on themselves that will "punish" the rich?

Now tax breaks, I'm against any tax-breaks.  I could honestly go with a flat tax of 17% on all income after a standard deduction.

A friend of mine is one of the finest surgeons in the world.  On the next 1000 patients on whom he operated, he would get a better outcome than 99% of the docotrs.  He gets to a certain time of the year, figures out what the next surgery will mean to him in take-home after practice overhead, federal income taxes, Social Security and the Social Security paid by his practice on all of the people under him, and the Medicare charges on every one and he says, "I can do this operation and take 18 cents on the dollar and do a really great job for that patient or I can say 'shove it", I don't have to work that hard for Uncle Sam to take it all from me."  Towards the end of the year, he says "shove it" more and more often.  That is human nature.  If we get a big increase in tax rates, then he will just quit all together!

I know that I wish that he were doing the operation on that patient.  When he quits, there will be one less outstanding surgeon in our community, and some schmuck is laughing how he is going to "stick it" to the rich guy.  He doesn't even know that the rich guy is no longer playing the game.

*Where did that extra revenue go? The fiscally irresponsible House of Representatives showed no economic discipline, and spent every dime and then more! 

[Ralph Turner]

Erin Andrews move on over PSU student Melanie Collins just got hired as big ten networks sideline reporter....dear lord check her pix out!!! WOW unbelievable!! 

http://www.tempe12.com/girls/melanie/

JT, I don't think that those are "moonbats" on that swim suit bottom in jpg #1.

[mattvsmith]

Erin Andrews move on over PSU student Melanie Collins just got hired as big ten networks sideline reporter....dear lord check her pix out!!! WOW unbelievable!! 

http://www.tempe12.com/girls/melanie/

Notice that they are called the Tempe 12, as in Tmpe, AZ, as in home of Arizona State University, as in a school with over 58% chicks, of which a disproportionate number are hotter than chicks in the rest of the country.

Why do you think The Rev was a graduate student for six years?  He had to drag it out as long as possible.

Nonetheless, these girls are attractive and surely they must have terrific personalities, otherwise we would not even look a them twice.

[mattvsmith]

The Rev's 4th of July plans.

First, return to Central New York on June 28.

Do nothing but relax.
Get a haircut at Mario's barbershop.
Eat pizza at Nina's.
Drive to Geneva.
Walk around campus.
Take a quick dip in Seneca Lake.
Eat pizza at Cam's New York pizzeria.
Buy some Hobart souveniers in the book store.
Eat at Joe's Pizza.

Sadly, return to Yuma, AZ on July 6.

Damn.

[dewcrew88]

pbr is hoping by the 1st of the new year the ship has righted itself but right now pbr doesnt have the warm and fuzzy feeling in seeing that come around...hold onto those short positions in the market and make some coin

And if a certain person gets elected and doubles the capital gains tax, imposes a windfall profits tax, and a cap and trade tax.   A trillion in new taxes.  Add to that no viable energy policy.  Hello $8-$10 per gallon of gasoline, food shortages, high unemployment, and an economy brought to its knees.

Sweet!

Hey wait a minute! new taxes, yes, but not for poor, young, middle class, DC88.
All the rich guys can pay more taxes. Breaks for the guys who make $150, $250k, OR $1m IS STUPID.

Be careful nephew.......you are walking a fine line here.......

Tax breaks and increases in capitals gains taxes are completely different things.

Don't worry JT will help a brother out.  As long as DC88 isn't a moonbat (look it up), he'll come around.

Yeah... I guess I don't understand it all that much.
Good thing I have the smart people of the LLPP to help out the process, whether I agree or not, I know I'll learn something. (That's not sarcastic either...)

[dewcrew88]

pbr is hoping by the 1st of the new year the ship has righted itself but right now pbr doesnt have the warm and fuzzy feeling in seeing that come around...hold onto those short positions in the market and make some coin

And if a certain person gets elected and doubles the capital gains tax, imposes a windfall profits tax, and a cap and trade tax.   A trillion in new taxes.  Add to that no viable energy policy.  Hello $8-$10 per gallon of gasoline, food shortages, high unemployment, and an economy brought to its knees.

Sweet!

Hey wait a minute! new taxes, yes, but not for poor, young, middle class, DC88.
All the rich guys can pay more taxes. Breaks for the guys who make $150, $250k, OR $1m IS STUPID.

What are you talking about DC08?  not to get into it, but why should people that work hard and make good money be responsible for people that are typically lazy and unmotivated?

I think that might be part of it too...
As a young professional who makes about 30K, I work hard, but the money's not great. I guess one of the problems is the fact that you don't want the wealthy and middle class to be responsible for the "lazy and unmotivated," but it seems like this country is at a point where the middle class (lower middle class, where I guess I would be) is getting squeezed down into the poorest bracket... even if those people work hard.
I don't think others should be responsible for the "welfare" people (not trying to offend, just using the term)... they should go out and try to get a job.. any job!

It just seems to me, in the simplest terms, that under Bush and the Republican machine, the rich get richer and the poor get poorer. The gap widens and in this case, sucks more people who used to be considered middle class into the "poorer" group.

As I said, I don't claim to know a whole hell of a lot about this stuff, but whoever thought this would be the line of posting on a d3 message board? I love the LLPP exactly for this reason.

[dewcrew88]

And using this list:
http://money.cnn.com/2008/06/11/news/economy/candidates_taxproposals_tpc/index.htm?postversion=2008061115

(nonpartisian group)
I want to save 900 bucks, not just 100.

[Ralph Turner]

And using this list:
http://money.cnn.com/2008/06/11/news/economy/candidates_taxproposals_tpc/index.htm?postversion=2008061115

(nonpartisian group)
I want to save 900 bucks, not just 100.

Good morning DC!

The problem with the article is that once a tax plan is rolled out, the taxpayers from the wealthiest to the poorest adjust behaviors.

If you looked at my graph, the Top 50% of tax payers, which is everyone above $47K per year paid 96% of all income taxes.  The biggest portion of middle class Americans are these guys like your small time business owner who files his taxes on Schedule C on his personal income tax or has a P.A. a professional association or professional corporation.

My associate and I have 9 employees.  We look at the cost of hiring a new employee at about 125% percent of the annual earnings when you consider our contribution to FICA, Medicare, vacation, retirement, health plans.  After I have paid all of that to my employees and all of the other overhead, then I start making money myself.  There are times when I have not hired someone because I did not  want the extra legal exposure of the mistake that they might make!

If you are an observant Christian or Jew, the "class warfare" game played by the leftists in this country is "applied coveting", and "Thou shalt not covet!".  To conservatives and libertarians, it is an affront on your political beliefs and on your talents.  To the leftists, the class warfare/populism is the way that they want to drag everyone down to the lowest level so the political manipulators can control the lives of as many people as possible.  I have often wondered how an athlete could be a leftist or populist.  You were the guy that did the off-season workouts and the extra skills drills and kept yourself in shape, and now some politician wants to take that away.

If someone is making money, he can spend it in two ways.  He can buy the things he wants, the goods and services that the rest of us produce for our living, or he can see all of his taxes go to the government.  Once it goes to the government, it is gone.

If tax rates go up everyone, then we have less commerce and less money flowing into the community.  Unemployment has been below 5% for most of this last half of the decade.  If Obama doesn't grow an energy policy, then we are sunk!  Look at your utility bills.  You count on having all the energy you can get.  The problem is not that there is not enough energy, it is that the leftists want to cripple capitalism by shutting down the fuel of capitalism and that is cheap energy.

The next time that Senator Obama says that we want be able to have that energy available, then ask him to snap his fingers and produce the equivalent of an ANWR or 10 nuclear fusion plants or put wind farms out on Martha's Vineyard or tell us the magical "alternative" energy source that will make it possible. China 's main source of energy is coal. If coal is so bad then why isn't Sen Obama calling for military action to shut down the polluting Chinese? 

The truth about petroleum is simple.  The world revolves around oil.  If we are not going to drill for it in ANWR or on the continental shelf or the Bakken field in the Dakotas or the shale oil in Colorado, then where are we going to get it.  If America stopped using oil tomorrow, every drop of oil supply that had been going to America in 2008 would be bought up by China an India in 2015.  Either Senator Obama's energy policy is naive, or it is diabolically geared towards turning America in the Saul Alinsky's dream (whose writings on organizing politics in south Chicago Obama, a worker with ACORN has studied).

Texas is getting about 2% of its energy from wind now from the windmills that begin just southwest of Abilene (McMurry) and extend 150 miles to the west.  (Keith McMillan saw the wind farms when he came last year.)  On the coldest day of January 2008 in west Texas, a high pressure system settled over west Texas and the wind stopped!  The energy consumption that increased from the cold weather and the lack of wind almost took down the Texas energy grid (a blackout). It was the coal fired generators in central Texas that had to be ramped up to keep the grid from falling.  As much as we Texans like the revenue that is coming from wind farms, wind is not a reliable answer.

As for Sen McCain, he is not as pro-energy as I would like.  What energy source do we need by 2025?  I think that it is fusion, but if nuclear fission is good enough for France, then whom am I to complain.

I admire your initiative, but the system that allows most over-achievers to excel is one that doesn't take away any of the incentives to excel, like taxes.

[PBR...]

the bottom line is we totally need to redo out tax code....as warren buffett says "WHEN MY SECRETARY MAKING 40K/YR. PAYS MORE TAXES THAN I DO SOMETHING IS VERY WRONG W/ THE SYSTEM"  warren and many others including myself have written our congress about redoing the tax code. its completely outdated. problem is all the politicans are so used to pork barrel spending and  earmarks they are petrified on what could happen...Dont even get pbr started on energy and the current administration (yes congress should take some blame as well) NOW....pbr is going to stay out of the political talk as the guru has suggested for everyone on here...

now back to our regularly scheduled llpp programming....

[Knightstalker]

Is It NBA Or NFL?

36
have been accused of spousal abuse

7
have been arrested for fraud

19
have been accused of writing bad checks

117
have directly or indirectly
bankrupted at least 2 businesses

3
have done time for assault

71,
repeat 71
cannot get a credit card due to bad credit

14
have been arrested on drug-related charges

8
have been arrested for shoplifting

21
currently
are defendants in lawsuits, and

84
have been arrested for drunk driving
in
the last year


Can
you guess which organization this is?

Give
up yet? . Scroll down,

NBA or NFL




Neither,
it's the 435 members of the
United StatesCongress


The
same group of Idiots that crank out
hundreds of new laws each year
designed to keep the rest of us in line.

[Knightstalker]

Ralph,
KS has always thought that a flat tax across the board was the right idea.  It is the fairest way to tax the people, everyone is paying the same.  It would be a lot less than MKS and KS pay now.

As far as energy, KS thinks that by say 2015 all homes whether single family or townhouse/condo units should have some sort of green energy alternative built in.  Say solar panels in the roof or a windmill in the appropriate areas.  This would reduce the need for oil in one area and help conserve oil for use in other areas.  Not a final solution but a good step in the right direction.  In exchange for a property tax break the local utility would not have to buy back power from the home owner.