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We are going over the fiscal cliff sometime in the future. No one can stop it. No one.
Nobody can stop it because people are addicted to their entitlements. What ever happened to being self sufficient, responsible, rugged individuals? These days personal responsiblity seems to be treated like hate speech. Its very sad. Good luck.
I'll save you all from listening to Obama's speech: "Ahh... uhh... we need to raise taxes." What he won't say is that the evil rich really do not have enough money to pay for his spending, so the debt (delayed taxes) will increase, and sorry to say, yep... the middle class will also be taxed. But since the American people are too dumb to figure it all out, he will just continue with his soundbites. Might as well just divert your paychecks to the Obama government and then hire a lobbyist to try to get some of your money back.
Over the last 10 yrs most of the ubber wealthy have been able to fashion their income as capital gains and are only paying 15% on most of their income. Let the Republicans keep the lower income tax rate for the upper bracket but repeal the capital gains rate cuts.
jepop90: Do you understand that dividends are double taxed already? Do you understand that if you raise the dividends tax, you have less investment capital. That means cost of capital for businesses will increase or not be available. Lots of older people, too, rely on dividends to survive. How about if we just CUT spending?? Are there NO gov't programs that can be cut?
jepop90: "Over the last 10 yrs most of the ubber wealthy have been able to fashion their income as capital gains and are only paying 15% on most of their income"-------most fixed income seniors have done the same, only theirs come in the form of dividends. Also taxed at only 15%. And most of them are far from "ubber wealthy" eventhough they would be impacted the same way.
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