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2010-07-03 Home Front: Politix

Six months to go until the largest tax hike in history

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Posted by gorb 2010-07-03 04:36|| || Front Page|| [11132 views ] Top

#1 The stiumulus has to be paid for somehow. I'm sure this is what the Democrats meant when they spoke of closing the tax loopholes those dreadful rich people take advantage of with their high-priced take accountants.

Posted by trailing wife 2010-07-03 09:50|| 2010-07-03 09:50|| Front Page Top

#2 The tax increase on the cost of raising special needs children seems like a slap on Sarah Palin personally and on anti-abortion people in general. The progressives believe 'defectives' should be 'euthenized.'

Posted by Glenmore 2010-07-03 12:03|| 2010-07-03 12:03|| Front Page Top

#3 To an economy either declining into a second recession, or stagnating in the bottom of the "Krugman Depression", these taxes will drive a stake in any recovery for years after.
In looking at the news today there was an article about a prominent local businessman caught after robbing two banks in desperation to feed his family and rescure his failing business.
There was also a picture of a long line of job seekers in San Francisco. Well dressed, good suits and ties, briefcases and resumes in hand.
I was struck by how many there were, and how middle-class they had obviously been.
I'm beginning to wonder about what other desperation behaviors we will begin to see, reminiscent of the rain of investors in the great crash of 29?

Posted by NoMoreBS 2010-07-03 12:20|| 2010-07-03 12:20|| Front Page Top

#4 In 2001 and 2003, the GOP Congress enacted several tax cuts for investors, small business owners, and families. These will all expire on January 1, 2011:

AHAH, the stock mrket slump is explained by this one sentence, get your money out now and pay less tax, wait till later and the Giverment steals more.

That also says the slump will continue through 2011 as things stand right now.

Posted by Redneck Jim 2010-07-03 12:27|| 2010-07-03 12:27|| Front Page Top

#5 back in '94 my mom (a staunch Clinton supporter) was crying about how much her taxes had gone up - almost doubled...

"that is great news mom," I said.
"what you mean?"
"it is so cool that you are RICH..."
"we aren't rich"
"you said that Bill Clinton was gonna make the 'rich people' and only 'rich people' pay more taxes... i don't think Clinton would lie about that kind of think, so you MUST be rich"

she was not amused

Posted by abu do you love 2010-07-03 12:39|| 2010-07-03 12:39|| Front Page Top

#6 I already don't make shit, are they gonna bring back debtors prison too? Don't worry ppl jaik isn't that bad after the first week or two.

Posted by chris 2010-07-03 12:43|| 2010-07-03 12:43|| Front Page Top

#7 I already don't make shit, are they gonna bring back debtors prison too? Don't worry ppl jaik isn't that bad after the first week or two.

Posted by chris 2010-07-03 12:43|| 2010-07-03 12:43|| Front Page Top

#8 chris: I've got news for you. Debtor prison is back.

http://myturl.com/0pBwk

The trick is a loophole in the law. Debts are now resold to collection services. These services send bills to debtors who have no idea who the collection service is, so of course, they don't pay the bill.

Then the collection service takes them to court. They likely don't show up there either, not understanding the process, so the collection service gets a summary judgment for "contempt of court", which is a *criminal* offense. They ask they judge to then set *bail* for the amount owed, plus court costs.

Then they send the police to arrest you.

Posted by Anonymoose 2010-07-03 13:32|| 2010-07-03 13:32|| Front Page Top

#9 Debtor prisons are springing up all over the SW. There are sekret photos.

How many? A wit once said just enough.
Where? In places unseen.
Why?
You don't need to know.

Posted by Shipman 2010-07-03 17:13|| 2010-07-03 17:13|| Front Page Top

#10 moose, if I am in jail I still can't pay. I have done jail time before and know i'm not a democrat or drug dealer it's no big deal.I've tried working with them debt consolidation and got screwed royally on the second and I really don't owe that much. Sometimes you just gotta say screw and do the time and for alot of ppl it just doesn't scare them.

Posted by chris 2010-07-03 23:41|| 2010-07-03 23:41|| Front Page Top

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