That old saw, “Not Our Class Dear” is startint to have all new meaning.

but would like to be any of the above — it is also not in your best interest to vote for a democrat in 2010 (or really anytime). If you do, you will always be “none of the above.”

I would love to make above 75K (working on it, not waiting for the government to save me). I would love to be able to invest again. Big spending government won’t let me do that.

I heard The One on network radio news touting purchase of stocks…

Has it occurred to anyone of the Democratic persuasion that uncertainty about future capital gains tax rates is all the excuse one needs in this kind of market to shy away from investing?

I watch the S&P futures for a living. I have been following the correlation of the S&P and BO rise through the primaries until now.

If any of you recall the old Paine Webber commercial that said, “When Paine Webber talks, People listen”

“Well when Barrack Obama speaks, Stocks drop. ”

I’ve never seen futures begin to tank as much as when BO steps up to the microphone. The market has always gotten this guy as an Anti-Capitalist wealth destroyer. I believe Geithner refused to save Lehman in anticipation of a CDS collapse which inevitably handed the Presidency to BO. If you recall Geithner was in charge of the New York Fed and was directly in charge of determining the failure of Lehman. This entire Stock Market crash is brought to you by BO and Tax cheat in Chief!

The 60 million people who have voted for BO and the Democrats are going to be hit the hardest by the policies put forward. Last time I checked the Democrats voted for ethanol that caused corn related food inflation of 26% and requires 116% gasoline input to get 1 gallon of ethanol. Smart. What are these poor people supposed to eat when all food inflation reaches 30% since the food industry is the most energy intensive industry in the economy.
(Harvesting, processing, refrigeration, packaging, transportation and spoilage combined)

The inflation rate that will likely occur is going to dwarf that of the 1970’s. If you recall in the 70’s we were the only economic super power. With globalization the demand for Energy worldwide is much higher and we have just shut in the potential 80% of our own domestic supplies through cap and trade and anti-oil and gas drilling orders. (In the 70’s we imported 30% with 35% less population) If you don’t think that oil rich tyrannies don’t know this, just wait until Venezuela, Iran and Russia collude to get back to $150-$300 a barrel oil. Oh but YIPPIE! The environmentalists that own GM should have electric cars that equal the quality of the Yugo out by then! Don’t You Think?

Welcome to the 1970’s style stagflation x 10!

When will we ever learn, or are we just so in love with Pain that we have to repeat these stupid mistakes over and over again!

I read that ABC article, and did some quick calculations. Dr. Sharon Poczatek, the doctor in the article, says she makes $320,000 a year, and want to reduce her earnings to under $250,000 to aviod the tax increase. The moral of the story is that she will be less productive as a result of the new tax policy.

The marginal rate >$250,000 is proposed to go from 35% to 39%, which she will pay on $70,000. At the current rate she pays $24,500 on that $70,000 and keeps $45,500. At 39% she will pay $27,300 on that $70,000 and keeps $42,700. So, as I understand it, Dr. Poczatek is willing to give up $42,000 in order to save paying an extra $2,800 in taxes?

“The marginal rate >$250,000 is proposed to go from 35% to 39%, which she will pay on $70,000. At the current rate she pays $24,500 on that $70,000 and keeps $45,500. At 39% she will pay $27,300 on that $70,000 and keeps $42,700. So, as I understand it, Dr. Poczatek is willing to give up $42,000 in order to save paying an extra $2,800 in taxes?”

35% is what she pays on $320,000 - The tax rates are not just going up on the amount you would make over $250,000….

So at 35% on $320,000 that is = $112,000 in taxes
At 39% on $320,000 that is = $ 124,800 in taxes

at 35% on $250,000 that is = $ 87,500

So you would make $70,000 less in gross.
BUT you are paying $37,300 less in taxes not $2800 - now you see the problem.

But Obama will dig down so that people making $75,000 or more -will pay more.

There is the carbon tax that will raise the price of nearly everything you buy.

Gas will get taxed on both ends. Aw h*ll the list could go on all night and I am tired.