Reminds me of the "debate" about the expiration of decade old tax cuts...rates going up ain't "increases" ya' know? Paint a turd any color, it's still a turd. Except in Washington, DC.
My comment elsewhere today:
Politics: the game where the first liar stands no chance.
The fact is simple: The Democrat leadership of this administration and Congress originally swore they'd let all the tax cuts expire....now they're changing the tune....it is only a matter of degree how much. The foaming mouthed hypocrisy is astounding now.
They'll vote to preserve the cuts under $250K and even for everyone if they have to, Democrat or Republican. It is whoring season you know.
They also conveniently use the term "families" and ignore all the Sub-Chapter-S corporations that are small businesses....e.g., report and pay tax as individuals, not corporations. Similar to partnerships. If you make only $250K profit as a Sub-S of any magnitude, you're making chump change and cannot re-capitalize when the time comes.
Next argument is that "rich" folks who make over $250K won't spend it all and help the economy, instead, they'll save it! Whoa! And just where do banks normally get money to lend or invest? What money gets spent on stocks and bonds?
And my favorite use of bullsh*t is the terming the expiration of decade old "cuts" as NOT tax "increases". WTF?! If there is no extension, check your tax rate 31 Dec 2010 and versus those effective 01 Jan 2011 and see if they went up or down. If you are in the bottom 10% bracket now, you will soon be in the 15% bracket, without extension. That's a 50% uptick..aka an INCREASE.
Pink elephants, rainbow color rabbits...
ReplyDeleteI am glad this is not a recipe thread.
:D
Reminds me of the "debate" about the expiration of decade old tax cuts...rates going up ain't "increases" ya' know? Paint a turd any color, it's still a turd. Except in Washington, DC.
ReplyDeleteMy comment elsewhere today:
Politics: the game where the first liar stands no chance.
The fact is simple: The Democrat leadership of this administration and Congress originally swore they'd let all the tax cuts expire....now they're changing the tune....it is only a matter of degree how much. The foaming mouthed hypocrisy is astounding now.
They'll vote to preserve the cuts under $250K and even for everyone if they have to, Democrat or Republican. It is whoring season you know.
They also conveniently use the term "families" and ignore all the Sub-Chapter-S corporations that are small businesses....e.g., report and pay tax as individuals, not corporations. Similar to partnerships. If you make only $250K profit as a Sub-S of any magnitude, you're making chump change and cannot re-capitalize when the time comes.
Next argument is that "rich" folks who make over $250K won't spend it all and help the economy, instead, they'll save it! Whoa! And just where do banks normally get money to lend or invest? What money gets spent on stocks and bonds?
And my favorite use of bullsh*t is the terming the expiration of decade old "cuts" as NOT tax "increases". WTF?! If there is no
extension, check your tax rate 31 Dec 2010 and versus those effective 01 Jan 2011 and see if they went up or down. If you are in the bottom 10% bracket now, you will soon be in the 15% bracket, without extension. That's a 50% uptick..aka an INCREASE.