Obama 2012?

**Kanati** · 01-28-12, 07:20 PM

Originally Posted by ~BigTymer~

If your a Obama supporter I would love to know why.

JUST because it irritates you so.

**~BigTymer~** · 01-28-12, 07:33 PM

In 2009, for example, the Tax Policy Center projected 47 percent of people would pay no income tax that year, up from previous estimates of 38 percent -- largely due to additional tax credits through the American Recovery and Reinvestment Tax Act of 2009.

PolitiFact Virginia | Eric Cantor says almost 50 percent of Americans don't pay income taxes

The top % that do pay create the jobs. We can not compete with labor from over seas. Their is nothing we can do about that. We can though drop the corp. tax down to be more competive and make up for labor costs.

U.S.A. Corp. tax rate is 38% Federal and 12% for the state
China-25%
Korea-15%
Vietnam-25%

The richest 20 percent of the country pays more than half of income taxes for two simple reasons: America's wealthiest 20 percent earns half the nation's income and their income is taxed at a higher rate.

**~BigTymer~** · 01-28-12, 07:39 PM

Originally Posted by Kanati8869

JUST because it irritates you so.

I seriously would like to know. I can't find a good thing he has done other than giving the go on killing Osama

**~BigTymer~** · 01-28-12, 07:41 PM

Originally Posted by deathgodusmc

Actually i did read somewhere that 46% didnt pay taxes. I dont remember if that was people or businesses though.

people

**Knee of Justice** · 01-28-12, 09:13 PM

Originally Posted by ~BigTymer~

in the original thread you invited yourself. It's not my fault you don't know how to act. I also didn't invite you to this thread but here you are. Like I said before I don't need food stamps I need a job. I don't need the government to take money away from someone and give it to me. I rather earn it and feel more like a man. Not like a child who's parents provide them with everything they need or some lazy ass that can work but doesn't even try to look and lives off the government.

Anyway, since your not sure you can control youself maybe you should go do something you do know about, like popping pimples.

I didnt know I had to be invited to post in a thread. Your idea of inviting me is putting my name in the topic and causing drama?

**Knee of Justice** · 01-28-12, 09:14 PM

Originally Posted by deathgodusmc

Actually i did read somewhere that 46% didnt pay taxes. I dont remember if that was people or businesses though.

Don't you know, corporations are people! /sarcasm

**WickedTribe** · 01-28-12, 09:35 PM

Originally Posted by ~BigTymer~

Are you serious? The top 1% pay the majority of taxes.

This is incorrect, they pay a little over a third. They also earn 23% of the income, so they're only paying a moderate premium.

50% of Americans don't pay any taxes at all.

Also wrong, unless you ignore sales tax, real estate tax, gas tax, etc.

Get rid of Obama, drop the corprate tax rate and give companies a reason to come back from over seas.

Companies aren't shifting jobs overseas because of our corporate tax rate.

Drop all the BS regulation, fire everyone that works for the EPA and start over.

Take a look at air and water quality from the period between the industrial revolution and the introduction of environmental regulations, and you'll see why this is a terrible idea.

**WickedTribe** · 01-28-12, 09:40 PM

Originally Posted by ~BigTymer~

The top % that do pay create the jobs.

This is such a silly argument. Employment is a two-way street - the Employer provides payment for a service rendered by the employee. In any viable company, on average, the employer will be making more from each employee than it pays them. How, then is the employer somehow being portrayed as the generous benefactor here?

**Fovezer** · 01-28-12, 09:42 PM

I can understand many people feeling disappointed in Obama, and I feel that disappointment, too, but I don't believe it's fair to lay all the blame on him. Congress has been a bitch to deal with for him and gave him a hard time every step of the way.

Originally Posted by ~BigTymer~

Are you serious? The top 1% pay the majority of taxes. 50% of Americans don't pay any taxes at all.

The top 1% owns 40% of the nations wealth. They damn well better pay a high rate of taxes. The bottom 80% only owns about 7% of the wealth. It's time to jack up tax rates on capital gains, too. The super rich have been avoiding paying significant taxes ever since the rate was lowered based on that whole bullshit lie about "job creators" needing lower taxes or they wouldn't create jobs.

Originally Posted by ~BigTymer~

Get rid of Obama, drop the corprate tax rate and give companies a reason to come back from over seas.

Simply cutting the corporate tax rate isn't going to bring back companies and our effective corporate tax rate isn't event the highest in the world. The tax rates aren't what caused them to move away, it was the fact that they could save money by exploiting workers in third-world countries.

Originally Posted by ~BigTymer~

Drop all the BS regulation, fire everyone that works for the EPA and start over.

Lol, deregulation is the major factor that allowed the economic collapse to happen, so you solution is MORE deregulation?! People just never learn!

Get used to Obama, though. He's going to be around for another 4 years. The pathetic excuses for Republican candidates don't stand a chance.

**Morningfrost** · 01-28-12, 09:52 PM

Right now I'm open to people other than Obama, but I can't see any of the idiots currently involved in the Republican candidacy being a better option.

I'm also not one of those people who blames all our current problems on Obama. Yeah he hasn't fixed things, but the US has been screwed up on some level for a looooong time, in the decades, plural. In the last 10 years or so it's just gotten worse, and it's going to take some time to correct things.

Going back to someone bringing up how we can't compete with labor costs, that's our own fault. Unions ran things for a long time, and ultimately made great decisions for their members, but terrible decisions for the country and the economy. Pensions where people get as much or more when they're retired than they were earning per year when working is just crazy, and one of the things that doomed the American car industry. Essentially the corporations ended up paying for two work forces, one of which was sitting on the couch watching re-runs of Murder She Wrote.

Corporate taxes are also rather high compared to other countries, but the sheer number of loopholes in the current system means the tax rate itself means very little. It's the same with personal taxes. 46% of the country doesn't end up paying taxes, and of the 54% that do they still pay less than they should through obscene tax writeoffs. If we closed the loopholes and trimmed some of the writeoffs that alone would pump a ton of money into the system.

That being said, the system itself just doesn't work. To make this example, I will direct attention to our education system. We spend the largest amount of money on education of any country in the world, and yet our education system is still terrible. The reason for this is apparent when you compare the differences between public and private schools. Private schools direct the majority of their resources and pay into actual teaching staff and things that aid the students. In a public school, there are so many administrative positions that only about 50% of the money in a public school goes to things that directly benefit the students. There was a study on this done in Arizona awhile back that I read, but I'm too lazy to pull up the exact numbers.

Basically what I'm getting at is that fixing the country is going to take a lot of time because the system is very broken and bloated. Obama is trying to overcome decades of governmental ineptness, and the fact that he's been so-far unsuccessful isn't exactly surprising. And as much as I'm not happy with Obama and what he's done while in office, I'm even less enthused about his competition from the GOP who seem about as qualified to run the country as I am.