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Reply With Quoteoh noes! a 4.6% top marginal tax rate increase! the sky is falling! socialism! mitt romney will have to pay as much taxes as the guy training his dressage horse or the illegals landscaping his house! oh noes!
Obama wants to Raise Taxes, Good or Bad for the Economy?
"President Obama called Monday for extending tax cuts for middle class Americans while allowing a rise in taxes for what he said was the 2 per cent of the population earning more than $250,000 a year. Romney supports extending the federal tax cuts, first signed by former President George W. Bush, for all income earners.
The White House is again raising the tax issue with full knowledge that the Republican-controlled House of Representatives will not accept such a move unless it also includes extending tax cuts for high-income earners."
He also wants to raise the capital gains and dividend tax rate from 15% to 30%!
What will this do to the stock market and more importantly, to our already struggling economy?
Along with the rich, there are millions of middle class Americans that have money invested in the stock market, so here's a question I have.
If you had a good portion of your money invested in stocks, mutual funds etc. at the current 15% tax rate and Obama got his way, would you pull your money out before the rate increased to 30%, and do you think thousands if not millions would do the same?
I believe this would be disaster.
Tetris Champion!
oh noes! a 4.6% top marginal tax rate increase! the sky is falling! socialism! mitt romney will have to pay as much taxes as the guy training his dressage horse or the illegals landscaping his house! oh noes!
Originally Posted by nontheist
Nice trolling title.
Guys like Mitt Romney have suffered enough
One time in college he was so poor him and his wife considered selling stocks from their portfolio
Not worried so much about the marginal tax rate increase, it's the capital gains and dividend tax I'm concerned about, could have sworn I emphasized that in the OP?
Debating taxes is now considered trolling? LOL
I see, you must not have that much knowledge of investments or the effect of taxes on economies!
Back to the Trayvon Martin thread for you Cheesy
No, saying "Obama wants to raise taxes" is trolling when he wants to extend tax cuts for 98% of taxpayers, against the republicans wishes. Your title should actually read "Republicans want to raise taxes".
Then I'd be FOS like you, republicans want to extend the tax cuts for every American bro, where ya been, under an MSNBC rock?
Tetris Champion!
how will mitt rmoney ever survive if he is taxed at the same rate as his dressage horse trainer or illegal immigrant landscapers?
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