Obama's income tax rate for 2014 was 19.6%. Now compare that percentage to top republicans/CEOs

[LordBrownTrout]

Like it or not, the man practices what he preaches. Remember what Romney paid in taxes? It took quite awhile for him to even release that kind of information.

Read this part of the article:

In his sixth year in office, Obama’s earnings continued to decline and the couple reported their lowest income since 2004, before he was elected to the U.S. Senate.

“Every year, it looks exactly the same and I think that’s certainly done by design,” said Anthony Nitti, a partner at the accounting firm of WithumSmith & Brown in Aspen, Colorado. “There’s just no stock market investments whatsoever, same charitable contributions every year.”

The Obamas overpaid their federal taxes throughout 2014. They will get a $20,641 refund and direct another $5,000 to their 2015 taxes.

The Obamas donated $70,712 to charity, almost 15 percent of their adjusted gross income, according to the statement. Their largest donation, $22,012, went to the Fisher House Foundation, a Rockville, Maryland-based organization that provides housing to families of military members and veterans receiving medical treatment.

Obamas paid 93 362 in income taxes on earnings of 477 383 - Yahoo Finance

Romney's effective tax rate 1990- 2009 was 20.2 percent. In 2011 his effective rate was 13.9 percent which was from capital gains and is taxed differently than income. Looks like you're wrong once again.

 

[The Rabbi]

Raising the minimum wage is a con job perpetrated by people who don't understand economics on people who are too stupid to figure out it's a con job.

I'm sorry you've been brainwashed by Fox News. The truth is that the initial cost to the market from raising the minimum wage depends on how high it is raised and over what time frame. Based on Obama's plan, the initial raise on prices in the makret would be pennies on the dollar. The total cost to jobs would be a few hundred thousand at the most. However, because people would have bigger paychecks, consumer spending would increase significantly. This would not only regain the jobs lost, it would create jobs. Prices would also inevitably go down as well. Economics 101.

So losing jobs creates jobs? You dont have a clear understanding of what we call "Econ 101" do ya, Billy?

You're such an idiot. The boost to consumer spending would be a stretch over time. The initial cost to capital from raising the wage would be brief. This isn't hard to figure out.

Do you actually understand what you are talking about? What does "cost to capital" mean?
Raising the min wage hurts people on the low end of the scale. This is so because min wage workers ae found all over the scale, but consumers with min wage jobs are primarily low income people. This article explains it. Of course you're too stupid to read it, much less understand it.
Thomas MaCurdy The Minimum-Wage Stealth Tax on the Poor - WSJ

Your retardation knows no bounds. If you raised the minumum wage to 10.10, 18 million people would see a pay raise. That means more consumer spending. Fucking of course consumers with min wage jobs are low income people. That doesn't mean they wouldn't be spending a hell of a lot more money if they received that kind of boost to their pay. This is a consumption based economy. It depends on the population spending money.

I stand in awe at your ignorance. You apparently believe that when businesses are forced to raise wages nothing else will happen. Perhaps that money will grow on trees somewhere.
You clearly didnt bother to read the article I posted, or couldn't because it didnt come with pictures. You are the most failed poster on here.

 

[The Rabbi]

No. Corporate profits have been disappointing this past quarter and the market is still up. The only reason is there is no alternative. The fed has taken the incentive to do anything else out of investing.

You're just making shit up as usual. You don't know what you are talking about as usual.

Please feel free to post information that counters what I've said here. You cant. You dont have the chops for this discussion. Because you are Billy Triple Fail.

Where's your sources, you dumbshit?

I look athe wall st journal every day and follow corporate earnings. They have almost all been disappointing, with companies lowering guidance.
Where are your sources, asshole?

This is the retardation of your argument: "corporate earnings have slowed in the last quarter, therefore QE is the reason the stock market has done so well." You are full of fallacy and it is embarrassing.

Do you even know what you're talking about, other than "nyah nyah you're wrong"?

 

[edthecynic]

his "job creation" doesn't keep pace with the population increase.

Yeah, it exceeds it! Shame on Obama.

 

[edthecynic]

93 million unemployed

Liar!

 

[LordBrownTrout]

93 million unemployed

Liar!

Just keep your head deep in the sand. Ignorance is bliss.

Americans Not in Labor Force Exceed 93 Million for First Time 62.7 Labor Force Participation Matches 37-Year Low CNS News

 

[Soggy in NOLA]

I'm trying to figure out why this matters to anyone...

 

[SwimExpert]

Obama's income tax rate for 2014 was 19.6%. Now compare that percentage to top republicans/CEOs

That's lower than mine, and I don't make anywhere near $470K a year.

 

[edthecynic]

93 million unemployed

Liar!

Just keep your head deep in the sand. Ignorance is bliss.
Americans Not in Labor Force Exceed 93 Million for First Time 62.7 Labor Force Participation Matches 37-Year Low CNS News

Not in labor force and UNEMPLOYED are not the same, but you knew that already when you posted your lie!

 

[blackhawk]

Translation others know how to use the current tax laws to their advantage better than Obama does.

 

[LordBrownTrout]

93 million unemployed

Liar!

Just keep your head deep in the sand. Ignorance is bliss.
Americans Not in Labor Force Exceed 93 Million for First Time 62.7 Labor Force Participation Matches 37-Year Low CNS News

Not in labor force and UNEMPLOYED are not the same, but you knew that already when you posted your lie!

Nope, just pointing out your ignorance.

 

[Wyatt earp]

Raise your piece of crap liberal states MW to a hundred bucks an hour...

You have the power to do it, but leave the rest of us alone

You are in your right to work for less state. And buy your own words. no one in your company makes close to MW. The all make more. Buy about 4 dollars an hour.

So here is a good idea. Shut the fuck up about something of which you know nothing. What fucking difference does it make to you? You don't work for MW. So what the fuck is your problem?

What are you drunk? Why are you so upset with facts moron?

 

[Wyatt earp]

I'm sorry you've been brainwashed by Fox News. The truth is that the initial cost to the market from raising the minimum wage depends on how high it is raised and over what time frame. Based on Obama's plan, the initial raise on prices in the makret would be pennies on the dollar. The total cost to jobs would be a few hundred thousand at the most. However, because people would have bigger paychecks, consumer spending would increase significantly. This would not only regain the jobs lost, it would create jobs. Prices would also inevitably go down as well. Economics 101.

So losing jobs creates jobs? You dont have a clear understanding of what we call "Econ 101" do ya, Billy?

You're such an idiot. The boost to consumer spending would be a stretch over time. The initial cost to capital from raising the wage would be brief. This isn't hard to figure out.

Do you actually understand what you are talking about? What does "cost to capital" mean?
Raising the min wage hurts people on the low end of the scale. This is so because min wage workers ae found all over the scale, but consumers with min wage jobs are primarily low income people. This article explains it. Of course you're too stupid to read it, much less understand it.
Thomas MaCurdy The Minimum-Wage Stealth Tax on the Poor - WSJ

Your retardation knows no bounds. If you raised the minumum wage to 10.10, 18 million people would see a pay raise. That means more consumer spending. Fucking of course consumers with min wage jobs are low income people. That doesn't mean they wouldn't be spending a hell of a lot more money if they received that kind of boost to their pay. This is a consumption based economy. It depends on the population spending money.

I stand in awe at your ignorance. You apparently believe that when businesses are forced to raise wages nothing else will happen. Perhaps that money will grow on trees somewhere.
You clearly didnt bother to read the article I posted, or couldn't because it didnt come with pictures. You are the most failed poster on here.

No shit drunk ass zeke thinks it does, or he lives in a cosmic bubble

 

[Dad2three]

Raising the minimum wage is a con job perpetrated by people who don't understand economics on people who are too stupid to figure out it's a con job.

I'm sorry you've been brainwashed by Fox News. The truth is that the initial cost to the market from raising the minimum wage depends on how high it is raised and over what time frame. Based on Obama's plan, the initial raise on prices in the makret would be pennies on the dollar. The total cost to jobs would be a few hundred thousand at the most. However, because people would have bigger paychecks, consumer spending would increase significantly. This would not only regain the jobs lost, it would create jobs. Prices would also inevitably go down as well. Economics 101.

So losing jobs creates jobs? You dont have a clear understanding of what we call "Econ 101" do ya, Billy?

You're such an idiot. The boost to consumer spending would be a stretch over time. The initial cost to capital from raising the wage would be brief. This isn't hard to figure out.

Do you actually understand what you are talking about? What does "cost to capital" mean?
Raising the min wage hurts people on the low end of the scale. This is so because min wage workers ae found all over the scale, but consumers with min wage jobs are primarily low income people. This article explains it. Of course you're too stupid to read it, much less understand it.
Thomas MaCurdy The Minimum-Wage Stealth Tax on the Poor - WSJ

The Job Loss Myth


The Most Rigorous Research Shows Minimum Wage Increases Do Not Reduce Employment


The opinion of the economics profession on the impact of the minimum wage has shifted significantly over the past fifteen years. Today, the most rigorous research shows little evidence of job reductions from a higher minimum wage. Indicative is a 2013 survey by the University of Chicago’s Booth School of Business in which leading economists agreed by a nearly 4 to 1 margin that the benefits of raising and indexing the minimum wage outweigh the costs.

This page reviews the most widely-cited and influential studies on the impact of minimum wage increases on employment, and examines the primary reasons why low-wage employers can afford higher wages today.

The Job Loss Myth Raise The Minimum Wage

 

[Wyatt earp]

Again zeke I give a damn about my operators, which you clearly don't, I want mine but I don't want them left behind..you don't give a fuck

 

[Dad2three]

I appreciate you giving a source, however, the article provides no evidence that the stock market performance is because of QE. Don't you think the record corporate profits of today would have something to do with it?

No. Corporate profits have been disappointing this past quarter and the market is still up. The only reason is there is no alternative. The fed has taken the incentive to do anything else out of investing.

You're just making shit up as usual. You don't know what you are talking about as usual.

Please feel free to post information that counters what I've said here. You cant. You dont have the chops for this discussion. Because you are Billy Triple Fail.

Where's your sources, you dumbshit?

I look athe wall st journal every day and follow corporate earnings. They have almost all been disappointing, with companies lowering guidance.
Where are your sources, asshole?

Corporate Profits Hit A New Record High Last Year

After-tax profits for American corporations hit another record high last year, rising to $1.68 trillion.

 

[Dad2three]

And the stellar stock market performance is due to non-stop Quantitative Easing that's made the rich richer and the Middle Class poorer.

Do you have an unbiased source to back that up?

It's common sense if you know anything about the market

Banks are paying ZERO interest right now so the only place to put money if you want any kind of return is the stock market.

And the middle class has done very poorly under Obama

Middle class decline looms over final years of Obama presidency Reuters

The decline of the middle class is Obama's real legacy

Jan 9, 2015

The private sector has added 11.2 million jobs over 58 straight months of job growth, extending the longest streak on record

Dubya LOST 1+ million PRIVATE sector jobs in 8 years. Even stopping in Dec 2008, PRE his great recession, it was a pathetic 4 million. That 'loser' Carter had 9+ million in a MUCH smaller economy... Weird right?

U.S. Economy Is Pulling Ahead, towing of Rest of the World & it's not a scam like Bush's sub-prime lending that caused the worlds biggest economic disaster


When hard-working people earn a living wage with benefits, they pay taxes instead of receiving government assistance and actually have more disposable income to spend on growing the (local) economy,

So many people refuse to recognize that poorly-paid workers have no choice but to be dependent on government and/or charities.

 

[chikenwing]

No. Corporate profits have been disappointing this past quarter and the market is still up. The only reason is there is no alternative. The fed has taken the incentive to do anything else out of investing.

You're just making shit up as usual. You don't know what you are talking about as usual.

Please feel free to post information that counters what I've said here. You cant. You dont have the chops for this discussion. Because you are Billy Triple Fail.

Where's your sources, you dumbshit?

I look athe wall st journal every day and follow corporate earnings. They have almost all been disappointing, with companies lowering guidance.
Where are your sources, asshole?

Corporate Profits Hit A New Record High Last Year

After-tax profits for American corporations hit another record high last year, rising to $1.68 trillion.

Good

 

[boedicca]

Like it or not, the man practices what he preaches. Remember what Romney paid in taxes? It took quite awhile for him to even release that kind of information.

Read this part of the article:

In his sixth year in office, Obama’s earnings continued to decline and the couple reported their lowest income since 2004, before he was elected to the U.S. Senate.

“Every year, it looks exactly the same and I think that’s certainly done by design,” said Anthony Nitti, a partner at the accounting firm of WithumSmith & Brown in Aspen, Colorado. “There’s just no stock market investments whatsoever, same charitable contributions every year.”

The Obamas overpaid their federal taxes throughout 2014. They will get a $20,641 refund and direct another $5,000 to their 2015 taxes.

The Obamas donated $70,712 to charity, almost 15 percent of their adjusted gross income, according to the statement. Their largest donation, $22,012, went to the Fisher House Foundation, a Rockville, Maryland-based organization that provides housing to families of military members and veterans receiving medical treatment.

Obamas paid 93 362 in income taxes on earnings of 477 383 - Yahoo Finance

Not really. If you count the value of all the taxpayer money that subsidizes the Obama lifestyle, his net effective tax rate is less than 1%.

 

[Dad2three]

Raising the minimum wage is a con job perpetrated by people who don't understand economics on people who are too stupid to figure out it's a con job.

I'm sorry you've been brainwashed by Fox News. The truth is that the initial cost to the market from raising the minimum wage depends on how high it is raised and over what time frame. Based on Obama's plan, the initial raise on prices in the makret would be pennies on the dollar. The total cost to jobs would be a few hundred thousand at the most. However, because people would have bigger paychecks, consumer spending would increase significantly. This would not only regain the jobs lost, it would create jobs. Prices would also inevitably go down as well. Economics 101.

Lmao, you want to fuck a few hundred thousand people out of jobs? What a caring liberal?

Hey billy, if you are and economic genius what happened the last time we raised MW ? 2007~2009? They were still fucking poor, the unemployment rate didn't start coming down till September 2013?

Increasing MW caused Dubya's crash? lol