Lying manipulation- 8.3% unemployment...right

[Hoopster007]

without a doubt 100%!!!

If you bothered to look into it and not just be lead blindly by the liberal media you would know such.

I'll make this real simple for ya.

Capital gains aka investment profits are taxed at 15%

Income is what you earn from working taxed at whatever tax rate you are in based on what you earn.

PS Kerry,the kennedy's,biden,pelosi,Reid,buffet and all the rest are wealthy and pay capital gains as well. If you think im lying go look it up and get back to me

As I was reading the thread I was just going to point this same thing out. If people would just think for themselves and come up with the facts they would do much better than spewing stuff from CNN or and left wing article.

Mitt pays his share because capitol gains are not income. Hence, he doesn't pay "income" tax on his entire amount he makes. That is why it is different from Obama or anyone else who makes millions in salary. He is smart and has it invested and so on. So he is fine just like anyone else who makes a large amout from investing.

Now Obama has moved on to the unemployment numbers as his lone candle to burn. Well that's another thing that is not exactly true. While the unemployment percentage goes down, so has the number of people leaving the workforce, in a big way. Here is an article on how the BLS works for him and makes things look better. Sounds good on the news but they limit the stats to current workforce and are just eliminating people to make the numbers work. Funny how the news was up in arms at 5.6% unemployment but now are doing cartwheels for a fake 8.3%. Hmmm.

CURL: Obama's made-up jobless numbers - Washington Times

I am for whomever is going to take over the government and actually make the changes that will stop the spending and actually do what they say they will do. Obama's SOTU sounds all well and good until you realize that he has done none of thsoe things and just keeps talking about them in every SOTU speech. I saw a video showing he may need a new speech writer or he actually needs to do some of the things he says. He has repeated the same lines and ideas in all of these speeches and claims he will sign this or that if it comes across his desk. Well they had control of the government for his first two years and he didn't do any of those things. Now he has the excuse that the republicans are blocking him. Well if the majority of america was not blind they would see this and know that he could have done these things when he had the chance.

But he choose to pass stimulus bailouts and obamacare so he would seem like a hero. Neither worked real well and now he needs something to campaign on. The national news is so left, they don't do anyone any good. Fact is this country is a mess and they are trying to make enough people rely on the government for some type of assistance and it appears to be working. It is really sad and there is no reason to work if you are confortable making a very humble living without working and having kids. Sad but true.

There is another article that compares the "poor" here and around the rest of the world.

What is Poverty in the United States: Air Conditioning, Cable TV and an Xbox

I work with people that are considered poor and this is spot on. Why work when you can collect those checks, get your heat, rent, food, health care and cell phone paid for? Then you actually have the money from the checks for everything else. Now I know there are some that are in bad shape but it is becoming few and far between. With so much availability of these things, there is little to worry about.

[umreb78]

Have you been living under a rock? The wealthy in this country do not pay the same amount percentage wise in taxes that the middle class pay. Period. There's nothing more to say about that. They have been under taxed for a long time. It's why they vehemently oppose a flat tax.

But to satisfy you. A 15% flat tax across the board would solve a lot of problems. I have no problem with the bottom half and top half paying the exact same percentage with NO LOOPHOLES out of it.

Kaz, you NEED some education. Maybe you can understand some really simple facts. The top 1% of income earners in America pay 40 percent of ALL income taxes...The top 10 percent of wage earners pay 66% of ALL income taxes...The bottom 50% of wage earners pay 2.5% of ALL income taxes...Yeah...that's freakin fair, huh???? Everytime you post something to dispute any facts that anyone presents, you show increasingly how little you actually know and how far you will go to try to discredit anything conservative, despite how easly the facts can be proven.

[umreb78]

Awe. Poor DImer. Worried about some guy barely putting food on his plate, but dammit, he's all for the top 5% not having to pay taxes. I gave you what the fair share I thought should be. But it won't happen because the RICH, not the Libs, don't want it to happen. Why should they? They never have paid anywhere near what the majority in this country pays. But hey, keep on pulling for those bizillionaires and maybe it'll trickle down to the rest of us.

And why don't you answer my question. How do I get out of paying taxes, since your genius claim that the lower 51% don't pay any taxes. According to you, 150 million people don't pay federal income taxes. I'm in the 150 million and I have a whole bunch of people I know who are too and I'd love to find out how I can get out of paying taxes.... Explain to everyone how we can go about doing that???

Lets talk fair:

FROM WSJ yesterday:

By STEPHEN MOORE
President Obama has frequently justified his policies—and judged their outcomes—in terms of equity, justice and fairness. That raises an obvious question: How does our existing system—and his own policy record—stack up according to those criteria?

Is it fair that the richest 1% of Americans pay nearly 40% of all federal income taxes, and the richest 10% pay two-thirds of the tax?

Is it fair that the richest 10% of Americans shoulder a higher share of their country's income-tax burden than do the richest 10% in every other industrialized nation, including socialist Sweden?

Is it fair that American corporations pay the highest statutory corporate tax rate of all other industrialized nations but Japan, which cuts its rate on April 1?

Is it fair that President Obama sends his two daughters to elite private schools that are safer, better-run, and produce higher test scores than public schools in Washington, D.C.—but millions of other families across America are denied that free choice and forced to send their kids to rotten schools?

Is it fair that Americans who build a family business, hire workers, reinvest and save their money—paying a lifetime of federal, state and local taxes often climbing into the millions of dollars—must then pay an additional estate tax of 35% (and as much as 55% when the law changes next year) when they die, rather than passing that money onto their loved ones?

Is it fair that Treasury Secretary Tim Geithner, former Democratic Senate Majority Leader Tom Daschle, former Ways and Means Chairman Charlie Rangel and other leading Democrats who preach tax fairness underpaid their own taxes?

Is it fair that after the first three years of Obamanomics, the poor are poorer, the poverty rate is rising, the middle class is losing income, and some 5.5 million fewer Americans have jobs today than in 2007?

Is it fair that roughly 88% of political contributions from supposedly impartial network television reporters, producers and other employees in 2008 went to Democrats?

Is it fair that the three counties with America's highest median family income just happen to be located in the Washington, D.C., metro area?

Is it fair that wind, solar and ethanol producers get billions of dollars of subsidies each year and pay virtually no taxes, while the oil and gas industry—which provides at least 10 times as much energy—pays tens of billions of dollars of taxes while the president complains that it is "subsidized"?

Is it fair that those who work full-time jobs (and sometimes more) to make ends meet have to pay taxes to support up to 99 weeks of unemployment benefits for those who don't work?

Is it fair that those who took out responsible mortgages and pay them each month have to see their tax dollars used to subsidize those who acted recklessly, greedily and sometimes deceitfully in taking out mortgages they now can't afford to repay?

Is it fair that thousands of workers won't have jobs because the president sided with environmentalists and blocked the shovel-ready Keystone XL oil pipeline?

Is it fair that some of Mr. Obama's largest campaign contributors received federal loan guarantees on their investments in renewable energy projects that went bust?

Is it fair that federal employees receive benefits that are nearly 50% higher than those of private-sector workers whose taxes pay their salaries, according to the Congressional Budget Office?

Is it fair that soon almost half the federal budget will take income from young working people and redistribute it to old non-working people, even though those over age 65 are already among the wealthiest Americans?

Is it fair that in 27 states workers can be compelled to join a union in order to keep their jobs?

Is it fair that nearly four out of 10 American households now pay no federal income tax at all—a number that has risen every year under Mr. Obama?

Is it fair that Boeing, a private company, was threatened by a federal agency when it sought to add jobs in a right-to-work state rather than in a forced-union state?

Is it fair that our kids and grandkids and great-grandkids—who never voted for Mr. Obama—will have to pay off the $5 trillion of debt accumulated over the past four years, without any benefits to them?

Mr. Moore is a member of the Journal's editorial board.

Sorry, Kaz, remember to not let the facts get in your way

[jcindaville]

I know he's not doing anything illegal etc etc, those Bush taxes cuts really hooked him up, but he's gonna get killed for being so wealthy while so many are struggling. Having money in the Cayman Islands will just make things worse. Its gonna be a landslide.

I dont disagree with you Bigs, Obama will be reelected, anyone wanting to bet me he isnt i am here for a wager.


Pubs cant do any better than Romney, they deserve to lose.

Dont get me wrong, i will vote for whoever goes up against Obama, but it wont matter.

Obama isnt to blame for all the mess, nor is George Bush, no one politician alone put us where we are at. The whole system is fucked and I dont think it can be fixed.

I can tell you this, no one on here is going to fix it by arguing on a gambling web site for sure. All you will do is get angry, get your blood pressure up, and waste Monte's bandwith with threads that dont matter shit.


Have at it, I like to read all of this hate directed at one another over absoulutely nothing at all, it entertains me.

[umreb78]

You have a problem with the bottom half not paying what everyone else does and I have a problem with the top 5% not paying anywhere close to their fair share.

And FWIW, I'm in the lower 50% bracket of income earners and I pay a helluva lot of taxes. I'm not sure where that lower 51% don't pay figure comes from, but tell me how I get out of paying taxes? Please. And share it so the majority of people on here and the majority of Americans can get out of paying taxes. That would be wonderful.

Kaz, do you prepare your own tax return? The reason for asking is that I strongly think that no, you might NOT pay income taxes. Yes, you pay FICA and Medicare, but income taxes...I'm not so sure. Look at your 2011 tax return and on page 2, look at the amount on line 54. From that amount, subtract any amounts on lines 65, 66, 67, 68,69. 70 and 71. Is the number still positive? If it is, then yes, you paid some income taxes. However, if you are in the lowest 50% of wage earners, there's a very high likelihood (something around 4:1)that the result is a negative number which would mean...NO, you don't pay income taxes. Would be curious to hear back from you whether you are a contributor or a taker.

[jcindaville]

Kaz, do you prepare your own tax return? The reason for asking is that I strongly think that no, you might NOT pay income taxes. Yes, you pay FICA and Medicare, but income taxes...I'm not so sure. Look at your 2011 tax return and on page 2, look at the amount on line 54. From that amount, subtract any amounts on lines 65, 66, 67, 68,69. 70 and 71. Is the number still positive? If it is, then yes, you paid some income taxes. However, if you are in the lowest 50% of wage earners, there's a very high likelihood (something around 4:1)that the result is a negative number which would mean...NO, you don't pay income taxes. Would be curious to hear back from you whether you are a contributor or a taker?.

From what Longnex told me, while he was in Vegas Kaz was a taker or I guess you would say a receiver.

[umreb78]

In my last post, you need to also subtract line 64(a) the EIC from line 54...The EIC is my favorite...That's the real free money the government gives away.

[BigWeiner]

I dont disagree with you Bigs, Obama will be reelected, anyone wanting to bet me he isnt i am here for a wager.


Pubs cant do any better than Romney, they deserve to lose.

Dont get me wrong, i will vote for whoever goes up against Obama, but it wont matter.

Obama isnt to blame for all the mess, nor is George Bush, no one politician alone put us where we are at. The whole system is fucked and I dont think it can be fixed.

I can tell you this, no one on here is going to fix it by arguing on a gambling web site for sure. All you will do is get angry, get your blood pressure up, and waste Monte's bandwith with threads that dont matter shit.


Have at it, I like to read all of this hate directed at one another over absoulutely nothing at all, it entertains me.

Haha, awesome. I agree 100%.

[KazDog]

Let me educate you Confederate Rebel....Is it fair?


According to the ANTI Tax Foundation, when including comprehensive household income for 1991 to 2004, which consists of both market-based income and the net value of government transfer payments,

(81%-INCLUDING TOP 1%)the top quintile earned 41.5% and paid 48.8% of total taxes.

(61%-80)The fourth quintile earned 21.0% and paid 22.4%. MIDDLE CLASS? HMM

(41%-60%)The third quintile earned 15.4% and paid 14.8%.

(21%-40%)The second quintile earned 12.2% and paid 9.6%.

(Bottom 20%)The lowest quintile earned 9.8% and paid 4.3% of total taxes.

http://www.taxfoundation.org/files/wp1.pdf

YES, THIS REALLY LOOKS UNFAIR to the wealthy!

Top 1% 1,399,606 taxpayers $1,685,472 TRILLION income

Bottom 50% 69,980,290 taxpayers $1,074,514 Trillion income

So 20% of ALL US income went to the top 1% of US (1.4 million) received 20%(down from 2007,lol)

Bottom 50% of US(70 million) received 12.75% of ALL revenues, lol

Top 25%(34 million families) of US received 67.38% of ALL US income

Bottom 75%(105 million) of US received 32.72% of ALL US income.


Your claims that the bottom 49% don't pay income tax are just flat out bullshit. Doesn't look like the rich are doing all that bad now does it? We are STILL the tops in the world in the top 5% as far as income proportionate to the bottom 95%.

[KazDog]

Some more for you....

From 1950-1980 the bottom 90% od US grew our incomes 75%. Next 27 years? 1%.

From 1945-1980 the top 1% took 6%-9% of ALL US income

By 2007? 23%.

Adjusted Gross Income Shares

Top 5%

1980 21.01%
2007 37.44%

Top 10%

1980 32.13%
2007 45.77%

Bottom 50% of US?

1980 17.68%
2007 12.26%

THAT'S A 30%+ LOSS OF THE PIE!

THE PIE ONLY HAS 100% NO MATTER HOW LARGE IT GETS!

The Tax Foundation - Summary of Latest Federal Individual Income Tax Data

WHAT CHANGED?

[KazDog]

And yet another....I will admit I got these from the comments after your article....But don't have time to research. The rich or are enjoying good times economically. But guys like you will continue to beat down the poor. Fucking amazing to me....




Here's how the top tax bracket has changed:

1920 73%
1935 63%
1940 81.1%
1945 94%
1950 84.36%
1955 91%
1960 91%
1965 70%
1970 71.75%
1975 70%
1980 70%
1985 50%
1990 28%
1995 39.6%
2000 39.6%
2001 36%

Note that in our country's time of need - WWI and WWII - the tax rate on the top income bracket went up to 77% and 94%, respectively.

Now in our country's time of need again, when we are fighting not one but two wars, the rich no longer feel it is their patriotic duty to come to the aid of their country.

Instead, the richest Americans pay near the lowest tax rate they have paid in the last century, and argue for their taxes to be cut further!

It is time for the richest Americans to shut their mouths and quit complaining and do their patriotic duty and pay their fair share of taxes.

[umreb78]

Let me educate you Confederate Rebel....Is it fair?


According to the ANTI Tax Foundation, when including comprehensive household income for 1991 to 2004, which consists of both market-based income and the net value of government transfer payments,

(81%-INCLUDING TOP 1%)the top quintile earned 41.5% and paid 48.8% of total taxes.

(61%-80)The fourth quintile earned 21.0% and paid 22.4%. MIDDLE CLASS? HMM

(41%-60%)The third quintile earned 15.4% and paid 14.8%.

(21%-40%)The second quintile earned 12.2% and paid 9.6%.

(Bottom 20%)The lowest quintile earned 9.8% and paid 4.3% of total taxes.

http://www.taxfoundation.org/files/wp1.pdf

YES, THIS REALLY LOOKS UNFAIR to the wealthy!

Top 1% 1,399,606 taxpayers $1,685,472 TRILLION income

Bottom 50% 69,980,290 taxpayers $1,074,514 Trillion income

So 20% of ALL US income went to the top 1% of US (1.4 million) received 20%(down from 2007,lol)

Bottom 50% of US(70 million) received 12.75% of ALL revenues, lol

Top 25%(34 million families) of US received 67.38% of ALL US income

Bottom 75%(105 million) of US received 32.72% of ALL US income.


Your claims that the bottom 49% don't pay income tax are just flat out bullshit. Doesn't look like the rich are doing all that bad now does it? We are STILL the tops in the world in the top 5% as far as income proportionate to the bottom 95%.

Good stuff, Kaz. That's the way to defend a position. I have a 1230 meeting I'm running to but I assure you I will respond in detail to your post before the end of the day. The stats you posted above are published as you noted, but the results are not what you think they are. Will post much more detail today, but one of the flaws in the referenced study is that it derives info from "market based income' (earnings from work) AND "net value of government transfer payments" (food stamps, AFDC, welfare, unemployment, medicaid, etc). None of the transfer payments are taxable to the recipients. Will be in touch and appreciate the reply.

[KazDog]

From what Longnex told me, while he was in Vegas Kaz was a taker or I guess you would say a receiver.

Spoken from someone who received more than one home and home visit!

KAZ

[KazDog]

Good stuff, Kaz. That's the way to defend a position. I have a 1230 meeting I'm running to but I assure you I will respond in detail to your post before the end of the day. The stats you posted above are published as you noted, but the results are not what you think they are. Will post much more detail today, but one of the flaws in the referenced study is that it derives info from "market based income' (earnings from work) AND "net value of government transfer payments" (food stamps, AFDC, welfare, unemployment, medicaid, etc). None of the transfer payments are taxable to the recipients. Will be in touch and appreciate the reply.

Fair enough. And please address your claims that the bottom half doesn't pay ANY income tax. Every one of those posted tables proves otherwise....

[Hoopster007]

All those posted tables show is that there are more and more losers in this country and coming to this country. I am not a top income earner but I do just fine. Those numbers keep getting worse because of more and more entitlement programs and people not working. So that is your point for liking Obama? He is the one that keeps handing out money and making it easier for the "poor" to collect. So more and more people keep falling into low income earners and those numbers get larger.

The way I look at it, it's easier for me and the hard workers to advance in this world because you are competing with less and less qualified people. America has become lazy and getting good at holding out our hands. And apparently spewing some stats about people making more money shows what? Get off your ass and work and get some more money. Save money, invest, and then you will get to write off some capital gains on your taxes. Instead these losers want to cry wolf and keep the free stuff coming. So as this chart continues the gap is going to get bigger and bigger. Why? Cause there are more and more losers and people sitting on their ass.