http://www.bloomberg.com/apps/news?pid=20601070&s…
Obama is genius-he will continue to say, its not my fault, I'm trying to help. You have to love populist movements! Saving the economy includes:
$353.5 billion in higher taxes on corporations over the next decade, the bulk of which would come from “reforming” rules that allow U.S.-based multinational corporations such as General Electric Co. to defer U.S. tax on profits they earn overseas
Ending a tax-accounting technique called “last-in, first out”
Proposing to stop the estate tax from being repealed as scheduled next year and to impose a 45 percent tax rate on a married couple’s estate valued at more than $7 million
Reinstate the top two Clinton-era tax rates of 36 percent and 39.6 percent in 2011
Raise taxes on capital gains and dividends to 20 percent for top earners
Haha!
I laughed when I read that...
I may not have done that well in accounting, but at least I know that ending LIFO won't be much help.
I hope this populism ends soon...like, now.
Just do whatever you want Obama.
Sure. And I'll just pay for it all willingly. Not a problem. What's a few grand to me when the government will be spending that on auditing the auditors of the $800 billion stimulus plan that I'll pay for too.
Look, if we don't raise taxes we'll have to continue to fund our country's spending habits (which grew immensely under Bush) through borrowing (foreign debt). Doing so will only compound our problems. Tax cuts don't fix everything, you eventually have to pay for shit...you know, like trillion dollar wars (where are those WMDs anyway?) If our nation continues down the path of funding everything on debt, it'll end up like the dipshit subprime borrowers who bought houses they can't afford.
Hmm that's odd, I don't recall purchasing a pointless war any time recently...
The State ≠ "we"
Quality thread bump. This is only 4 years old.
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