Guest Jules Posted November 7, 2008 Share Posted November 7, 2008 So, in other words, the tax cuts ain't coming, and don't bitch about it. Link to post Share on other sites
Sir Stewart Posted November 7, 2008 Share Posted November 7, 2008 So, in other words, the tax cuts ain't coming, and don't bitch about it. I posited a few threads ago that O's tax cut plan wasn't gonna happen. I'm alright with it. Link to post Share on other sites
Guest Jules Posted November 7, 2008 Share Posted November 7, 2008 I posited a few threads ago that O's tax cut plan wasn't gonna happen. I'm alright with it.I am too. Link to post Share on other sites
MrRain422 Posted November 7, 2008 Share Posted November 7, 2008 nobody is fuckin' a thank you very much! Link to post Share on other sites
austrya Posted November 7, 2008 Share Posted November 7, 2008 Taxes weren't an issue for me as a voter anyways. I would have been better off under McCain's plan but I still voted for Obama. Link to post Share on other sites
Guest Jules Posted November 7, 2008 Share Posted November 7, 2008 Sorry, I didn't mean to bring up the tax thing again. I'm still not clear on the specific sacrifices we have to make. Link to post Share on other sites
mfwahl Posted November 7, 2008 Share Posted November 7, 2008 On O's new site http://change.gov, it says they will immediately provide a $1,000 energy rebate per family and create a Making Work Pay tax credit, up to $500/person or $1,000/family for 150 million Americans. This Making Work Pay credit would eliminate income tax for 10 million people. Also wants to eliminate income tax for seniors making less than $50,000/yr. I don't know if these are new details or not, but it seems good that they've been posted within this past week. You can also submit your ideas if you don't like these. Link to post Share on other sites
MattZ Posted November 7, 2008 Share Posted November 7, 2008 I just drafted the following note to send out with rent statements this month: Due to the passing of the property tax levy referendum on November 4th, 2008 we will be forced to raise your rent by $85 per month to cover increased operating costs. We will also increase garage rents by $25 per month as these structures are subject to the property tax increase also. This change will take effect Jan 1, 2009. Thank you. FYI, none of these tenants make over $250,000. Can you elaborate a bit about this "property tax referendum" that you reference above? I assume that this was a referendum voted on by the people? If so, they shouldn't be surprised or upset. And it looks like you are passing on the increased operating costs to the people that made their bed. Are you passing 100% on? If so, seems like you came out ok. What does this have to do with Obama and 250k? People keep suggesting that Obama's tax hikes will hurt people that make less than 250k. This has nothing to do with that, right? And if you pass on 100% of the expense, this tax hike certainly isn't hurting "small businesses" either, right? Link to post Share on other sites
Dude Posted November 7, 2008 Share Posted November 7, 2008 Wait until we find out how the new "tax the rich" plans shake out. It's interesting that a personal income tax increase for a rich person would inspire them to fire employees or hike rents in order to maintain the same high salaries / profit levels. God forbid someone over the $250,000 level pay a little more to help pay for the $10 trillion debt that Bush has racked up fighting two costly wars - wars and a President they supported for two elections. Link to post Share on other sites
Dude Posted November 7, 2008 Share Posted November 7, 2008 Sorry, I didn't mean to bring up the tax thing again. I'm still not clear on the specific sacrifices we have to make. When your country is $10 trillion in debt, isn't in clear why we all have to sacrifice? Link to post Share on other sites
mountain bed Posted November 7, 2008 Share Posted November 7, 2008 [quote name='Đ Link to post Share on other sites
Dude Posted November 7, 2008 Share Posted November 7, 2008 My thoughts exactly, Dude. This gets at the root of the problem - nobody has been asked to make any sacrifices in a long time. Hell, Carter just wanted us to put on a sweater and turn down the thermostat and people thought he was nuts. It's very simple to me - 8 years of increased budget spending and increased government expenditures for the wars, homeland security, etc., plus eight years of tax cuts has resulted in a huge debt that somebody has to pay. We can't just blame this on the Republicans, either - certainly the Democrats approved for these wars and programs. But now somebody has to do something about it. Link to post Share on other sites
MattZ Posted November 7, 2008 Share Posted November 7, 2008 [quote name='Đ Link to post Share on other sites
MattZ Posted November 7, 2008 Share Posted November 7, 2008 Speaking of people making less than 250k, apparently, NYC is considering a plastic bag tax. You get charged for each plastic bag that you walk out of a supermarket with. Link to post Share on other sites
JUDE Posted November 7, 2008 Share Posted November 7, 2008 so, Minneapolis Public Schools (MPS) = Obama? Nope, election related though. i.e. november 4th. Can you elaborate a bit about this "property tax referendum" that you reference above? I assume that this was a referendum voted on by the people? If so, they shouldn't be surprised or upset. And it looks like you are passing on the increased operating costs to the people that made their bed. Are you passing 100% on? If so, seems like you came out ok. What does this have to do with Obama and 250k? People keep suggesting that Obama's tax hikes will hurt people that make less than 250k. This has nothing to do with that, right? And if you pass on 100% of the expense, this tax hike certainly isn't hurting "small businesses" either, right? People have a disconnect between what they vote for and the cost, the responses from my note will bear this out. If the market will stand passing on increased costs 100% to the end consumer then it will have no effect on the small business. That is a pretty big if. [quote name='Đ Link to post Share on other sites
jenbobblehead Posted November 7, 2008 Share Posted November 7, 2008 I just drafted the following note to send out with rent statements this month: Due to the passing of the property tax levy referendum on November 4th, 2008 we will be forced to raise your rent by $85 per month to cover increased operating costs. We will also increase garage rents by $25 per month as these structures are subject to the property tax increase also. This change will take effect Jan 1, 2009. Thank you. FYI, none of these tenants make over $250,000.Property tax is a municipal thing, not a federal thing. Link to post Share on other sites
JUDE Posted November 7, 2008 Share Posted November 7, 2008 Property tax is a municipal thing, not a federal thing. Again election related, it was on the ballot November 4th. Also you don't think what I did today will be mirrored by any business that can pass costs on to the consumer? Link to post Share on other sites
Dude Posted November 7, 2008 Share Posted November 7, 2008 No one is debating that. What they are debating is whether it's fair for some to do more than others. And whether that "more" ends up hurting everyone. (I am not debating this, for the record). That's a valid question to raise, but given the current economic hardships, it doesn't make sense to raise taxes on the middle and lower classes who are already hit hard by the recession. I'm not sure I ever bought the notion that trickle-down economics pumped money directly into the economy given the rise in offshore banking among the upper 5%. Link to post Share on other sites
bjorn_skurj Posted November 7, 2008 Share Posted November 7, 2008 I would say Mr. Krugman doesn't know what he's talking about.Maybe you should get on the horn to the King of Sweden to get his Nobel Prize revoked. Link to post Share on other sites
Moe_Syzlak Posted November 7, 2008 Share Posted November 7, 2008 Again election related, it was on the ballot November 4th. Also you don't think what I did today will be mirrored by any business that can pass costs on to the consumer?JUDE, you definitely make a good point and one I have considered (although I agree many didn't/haven't), but to me that is the "sacrifices" we will need to make. Let me ask you this: do you worry about the relative value of the dollar if we don't attempt to pay down the debt and reduce the deficit? Link to post Share on other sites
jenbobblehead Posted November 7, 2008 Share Posted November 7, 2008 Again election related, it was on the ballot November 4th. Also you don't think what I did today will be mirrored by any business that can pass costs on to the consumer?I am not sure I'm getting your point? Are you blaming the voter referendum on Obama because his name was also on the ballot? Never mind, i see you answered it above. I agree though. I think when bond measures are passed people don't really know what that means. Link to post Share on other sites
Dude Posted November 7, 2008 Share Posted November 7, 2008 That is a pretty big assumption in this case, if people are drawing huge salaries or making enormous profits from some single family residences and a couple of 30 unit apartment buildings they have a way better way of doing business than I've seen. Ever. The margins ain't that great Dude. A name, tax ID and a business checking account don't always make you a filthy rich bastard who needs to be taken down a notch or two. Okay, but if you aren't earning that kind of salary, I'm not sure how Obama's tax increase is affecting you. Link to post Share on other sites
JUDE Posted November 7, 2008 Share Posted November 7, 2008 JUDE, you definitely make a good point and one I have considered (although I agree many didn't/haven't), but to me that is the "sacrifices" we will need to make. Let me ask you this: do you worry about the relative value of the dollar if we don't attempt to pay down the debt and reduce the deficit? Oh, I worry and most of what you have brought up is well reasoned and articulated. We need to pay down the debt and reduce deficit spending definitely, but we can Link to post Share on other sites
DAngerer09 Posted November 7, 2008 Share Posted November 7, 2008 Hey all, I'm a photojournalism student at Ohio University and I was inside Grant Park on Tuesday. Here is a gallery of images if you want to check them out. Anyone else go? Want a fantastic night. Link to post Share on other sites
JUDE Posted November 7, 2008 Share Posted November 7, 2008 [quote name='Đ Link to post Share on other sites
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