Re: WOULD SOMEONE PLEASE TELL DOH!OBAMA THAT HIS 85% INCREASE ON CAPITAL GAINS WILL RAISE $-0- DOLLARS!!

On Fri, 21 Nov 2008 15:06:32 -0800 (PST), awthrawthr@xxxxxxxxx wrote:

His increase is for the highest earners. His increase on cap gains has
been shelved.

Wrong. B. Insane Obama promised not to tax the capital gains of small
business owners selling the stock in their own businesses. Here is a
news flash for you: small business owners DON'T sell the stock in
their OWN businesses. But you fell for it because as it is now well
known, Obama voters are even dumber than Obama is and that is saying a
hell of a lot.

His increase on capital gains has been shelved. Or can't you
understand what some of the advisors in the transition have been
saying about taxes - all taxes - on anyone who makes under $250K. Gee,
maybe a structured scale for cap gains? Damn, why didn't he think of
that? (He did - but later in the game)

As it stands now, the trillions in losses can be used to lower the
taxable income of the sellers. So if I were to owe $10,000 in taxes,
but have some capital losses to apply against it, my taxes go down.
But if I have capital gains, then i'd pay more than the $10,000 in
taxes.

Capital losses are not applied against taxes - they are applied
against gross income.

I didn't say any differently, moron.

Reread your sentence, or retake Bonehead English 101.

In the 15 days since B. Insane Obama's election, the DOW has dropped
over 20%. If Obama wants to turn that around and have a better chance
of getting some capital gains to tax

And the idiots keep barking - up the wrong tree. The market is
dropping because nobody but NOBODY has a handle on what assets are
really worth today. And that is thanks to the last 8 years of borrow
and spend - not somebody who has yet to take office. If the
administration wished to look at one of the root causes for the credit
crunch, they have only to look in the mirror and say DEFICIT SPENDING.
Nice try, Limbaugh clone. You lose again.

Dear dopus maximus, the stock market valuation due to Bush's
performance was already factored into the DOW averages. It took the
election of President Insane for the market to dive like it has.

Are you seriously stupid, or is it an act? I'll asume the former. I
said nada about Bush and the market. Let me repeat S L O W L Y
so you can follow along. The stock market is tanking because nobody -
let me repeat N O B O D Y but nobody can place a value on
assets. With all the financial businesses plus the hedge funds
deleveraging, it's a fire sale out there - and nobody's buying at the
offered price. Why has even gold (the last bastion in a down market)
been headed South over the past few weeks/months? When you figure that
out, a little light should go on inside your head.
What I did say was if the administration is looking for one of the
culprits for the credit crunch, it's deficit spending. The events are
connected, causal, but not exactly the same.

WB Yeats
.

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