Wayne Huizenga wants to sell Dolphins before Barack Obama raises tax

[The Paperboy]

What do I propose? That Republicans stop repeating the lie that tax cuts for the wealthy help the economy. The past eight years have proven this false.

Then why are tax receipts up 20% in the past 8 years?

 

[Ravi]

Then why are tax receipts up 20% in the past 8 years?

They aren't. I think there was one year that happened...a result of a massive sell off to reap the benefits of lower capital gains taxes.

It's a shame you are unable to think for yourself.

 

[Skull Pilot]

Then why are tax receipts up 20% in the past 8 years?

They aren't. I think there was one year that happened...a result of a massive sell off to reap the benefits of lower capital gains taxes.

It's a shame you are unable to think for yourself.

why don't you find something to support your claims and link to it?

 

[Ravi]

why don't you find something to support your claims and link to it?

Just read some of his posts. It's obvious that he's the C&P king.

 

[Care4all]

try 15% to 28%

BHO has said he wants to raise capital gains back to the Clinton era rates of 28%

no, he didn't say such...

And the raise in capital gains does not occur unless your gain is more than $250k....then it is raised 5% from my understanding of it....it is not doubled, because it was 20% on a $250k gain, this is simply ANOTHER LIE that this gentlemen has spewed and the minions have hung on to....please start researching things yourself skull, you have claimed to be an independent thinker so i'm holding you to it! do some googling before you panic!

care

 

[Care4all]

I wonder if this sucker TOOK TAX PAYER'S MONEY to help build the stadium? sheesh, what selfish son of a B's and twofaced too....

we live in a sick, greedfilled world!

 

[KMAN]

Huizenga aim: Sell at '07 capital-gains tax level -- South Florida Sun-Sentinel.com

 

[Ravi]

why don't you find something to support your claims and link to it?

And if you meant about the increased revenues:

FactCheck.org: Supply-side Spin

 

[sealybobo]

Bush had the tax payers pay for the new Texas Ranger Stadium and then he sold it for a profit. That's socialism. If him and his buddies couldn't afford to do it out of their own pockets, they shouldn't have done it at all. It isn't governments job to blabla.

Republicans socialize the losses and privatize the profits. No wonder their way doesn't work. It works for them though.

 

[xsited1]

It doesn't matter--he can be a total flop and he will still get a pass. Has he done, said or been ANYTHING wrong so far in his campaign ???
I rest my case--the man is perfect.

And with a Democratically-controlled Congress with a super-majority, we are majorly screwed. I blame the Republicans for this crap. The Republican Party needs to be replaced by a Conservative Party.

 

[Skull Pilot]

no, he didn't say such...

And the raise in capital gains does not occur unless your gain is more than $250k....then it is raised 5% from my understanding of it....it is not doubled, because it was 20% on a $250k gain, this is simply ANOTHER LIE that this gentlemen has spewed and the minions have hung on to....please start researching things yourself skull, you have claimed to be an independent thinker so i'm holding you to it! do some googling before you panic!

care

Obama's Capital Gains Blunder - Capital Commerce (usnews.com)

Economic conservatives have a special love for cutting capital gains taxes. Not only do they feel it is one of the most destructive taxes that exists, but it was the 1978 capital gains tax cut—along with Proposition 13 the same year in California—that really launched the supply-side tax revolution. Now Barack Obama says he wants to perhaps nearly double the capital gains tax rate. Here is what he told CNBC's Maria Bartiromo last week (boldface mine):

Well, you know, I haven't given a firm number. Here's my belief, that we can't go back to some of the, you know, confiscatory rates that existed in the past that distorted sound economics. And I certainly would not go above what existed under Bill Clinton, which was 28 percent. I would—and my guess would be it would be significantly lower than that. I think that we can have a capital gains rate that is higher than 15 percent. If it—and if it, you know—when I talk to people like Warren Buffett or others and I ask them, you know, what's—how much of a difference is it going to be if it's 20 or 25 percent, they say, look, if it's within that range, then it's not going to distort, I think, economic decision making.


Yes he did say he would raise capital gains and yes he did say he would not raise them higher than the Clinton era of 28%. Which you and I both know means he will raise them to 28%.

I have read BHO's web site and he has stated that he will not raise income tax rates on people earning under 250K. I have not see it say 250K in adjusted gross income though. And it says nothing about limiting capital gains tax raises to those who earn more than 250K unless I missed it on the site

Again I ask you to support your statements with some sort of link.

 

[Ravi]

I wonder if this sucker TOOK TAX PAYER'S MONEY to help build the stadium? sheesh, what selfish son of a B's and twofaced too....

we live in a sick, greedfilled world!

He didn't do that. Dolphin Stadium was built by Joe Robbie (privately funded). Wayne eventually bought the stadium and the team.

 

[Care4all]

He didn't do that. Dolphin Stadium was built by Joe Robbie (privately funded). Wayne eventually bought the stadium and the team.

i forgot about Robbie paying for the stadium himself, i can't remember what was behind that...was it because he was moving it from where it was that made tax payers refused to contribute?

did he get any tax reductions for the first few years of the stadium being opened though?

btw, what ever happened to the Orange Bowl stadium downtown, is it still being used for other purposes?

 

[Ravi]

The Orange Bowl got torn down a couple of months ago.

I don't know if Robbie got any tax cuts, but I'd imagine there was some sort of deal...there almost always is.

 

[The Paperboy]

They aren't. I think there was one year that happened...a result of a massive sell off to reap the benefits of lower capital gains taxes.

It's a shame you are unable to think for yourself.

From NY Times 2006: Surprising Jump in Tax Revenues Is Curbing Deficit

By EDMUND L. ANDREWS

WASHINGTON, July 8 — An unexpectedly steep rise in tax revenues from corporations and the wealthy is driving down the projected budget deficit this year, even though spending has climbed sharply because of the war in Iraq and the cost of hurricane relief.

On Tuesday, White House officials are expected to announce that the tax receipts will be about $250 billion above last year's levels and that the deficit will be about $100 billion less than what they projected six months ago. The rising tide in tax payments has been building for months, but the increased scale is surprising even seasoned budget analysts and making it easier for both the administration and Congress to finesse the big run-up in spending over the past year.

Tax revenues are climbing twice as fast as the administration predicted in February, so fast that the budget deficit could actually decline this year.

The main reason is a big spike in corporate tax receipts, which have nearly tripled since 2003, as well as what appears to be a big increase in individual taxes on stock market profits and executive bonuses.

On Friday, the Congressional Budget Office reported that corporate tax receipts for the nine months ending in June hit $250 billion — nearly 26 percent higher than the same time last year — and that overall revenues were $206 billion higher than at this point in 2005.

Link here

 

[Skull Pilot]

Then why are tax receipts up 20% in the past 8 years?

Not quite true but income tax revenues have increased as a result of lower tax rates.

Political Calculations: Connecting the Dots for Personal Income Taxes and GDP

We confirm that beginning in 1964, with the first of a series of income tax rate reductions, personal income tax collections have risen at a much faster pace than they did under the highly progressive income tax rate structure that existed from 1946 through 1963, even after adjusting for inflation.

 

[The Paperboy]

why don't you find something to support your claims and link to it?

Just did. Source: NY Times. Link here

I was not able to find one single article to cover every year of the Bush tac cuts but the story above is a pretty good start.

 

[The Paperboy]

no, he didn't say such...

And the raise in capital gains does not occur unless your gain is more than $250k....then it is raised 5% from my understanding of it....it is not doubled, because it was 20% on a $250k gain, this is simply ANOTHER LIE that this gentlemen has spewed and the minions have hung on to....please start researching things yourself skull, you have claimed to be an independent thinker so i'm holding you to it! do some googling before you panic!

care

You miss the point: Any tax increase is bad. Period. Lower taxes increases tax receipts as businesses expand and the workforce increases.

 

[The Paperboy]

He didn't do that. Dolphin Stadium was built by Joe Robbie (privately funded). Wayne eventually bought the stadium and the team.

Well he still must be a selfish pig because he's got lots more money then me!!! Don't you know anything? Successful people with lots of money are scum.

 

[The Paperboy]

Not quite true but income tax revenues have increased as a result of lower tax rates.

Political Calculations: Connecting the Dots for Personal Income Taxes and GDP

We confirm that beginning in 1964, with the first of a series of income tax rate reductions, personal income tax collections have risen at a much faster pace than they did under the highly progressive income tax rate structure that existed from 1946 through 1963, even after adjusting for inflation.

If I misspoke on 20% my apologies. But I think it can be agreed on that Bush tax cuts lowered taxes for everyone and tax receipts went up.

Obama will allow Bush tax cuts to expire, raise taxes on those making 200K or more (including small businesses), increase capital gains taxes and renew government welfare by sending checks to the 40% of tax filers who pay no federal tax.

He also promises one trillion in new spending.

And this is just the start.

Obama, Pelosi and Reid are an economic tsunami waiting to happen.