When is a Tax Hike Not A Tax Hike? When You're An Obama Shill.
Leftists in the media are, more and more, intentional or not, exposing themselves for who they really are. Socialists. Leftists. Statists. Obama zombies. Because they are certainly not journalists.
Norah O'Donnell is, apparently, no exception. Weighing in on an economics discussion on the budget with Rep. Paul Ryan (R-WI) and Charlie Rose, O'Donnell and Ryan have the following exchange:
O'Donnell (with a vacant grin): “Congressman, you’re calling them ‘tax policy’ and ‘tax code.’ You’re afraid to call them tax cuts now?”
Rep. Ryan: “They’re not tax cuts, Norah, because they’ve been –” (Laughter)
“Because they’ve been the tax policy for 10 years.”
O'Donnell: “Come on, Congressman!”
Rep. Ryan: “Honestly, Norah. Keeping taxes where they are is not cutting taxes. Preventing a tax increase is preventing a tax increase. It’s not actually cutting taxes,” Rep. Ryan said.
So Norah, how far back should we go back for comparisons? Because, apparently a decade is not far enough. Is the media going to now say that if Obama "adjusts" tax rates to, say 50%, that it is actually a 20% tax cut, because the top rate under Jimmy Carter was 70%?
To answer my own question: Yes! Norah O'Donnell is that stupid! She is that stupid because she thinks that the average person can't see through her complete arrogance, and that her premise doesn't even pass the common sense test.
If O'Donnell isn't careful, people will start to believe that she is there only for her looks, because she certainly isn't demonstrating her superior intellect in these types of exchanges, where her guest actually knows the subject they are being interview about. She comes off looking only foolish and vapid.
Norah O'Donnell Scoffs at Representative Ryan
Posted by Brian
Showing posts with label Tax Rates. Show all posts
Showing posts with label Tax Rates. Show all posts
7/23/2012
7/09/2012
Obama's New Tax Affects 900K Small Businesses
Posted by Brian
Want to see how Taxmageddon will affect YOU?
Click Here!
WITH TODAY'S TAX FLIP-FLOP OBAMA MOVES LEFT OF PELOSI, HITS 900K SMALL BIZS
by JOHN NOLTE 9 Jul 2012, 10:52 AM PDT
With the economy threatening to fall into another recession and job growth plummeting, Obama came before the American people today demanding taxes be raised on those making over $250,000 a year, including what he admitted would include 3% of small businesses. Even if that 3% is correct, which is disputed, that 3% means a tax increase on 900,000 small businesses.
Continue Reading Here
Want to see how Taxmageddon will affect YOU?
Click Here!
WITH TODAY'S TAX FLIP-FLOP OBAMA MOVES LEFT OF PELOSI, HITS 900K SMALL BIZS
by JOHN NOLTE 9 Jul 2012, 10:52 AM PDT
With the economy threatening to fall into another recession and job growth plummeting, Obama came before the American people today demanding taxes be raised on those making over $250,000 a year, including what he admitted would include 3% of small businesses. Even if that 3% is correct, which is disputed, that 3% means a tax increase on 900,000 small businesses.
Continue Reading Here
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2/22/2012
Obama's War On Corporations - Effective Dividend Tax Tates of 64%
Posted by Brian
The Obama Wrecking Ball
Barack Obama's new budget has hidden in it a proposal to triple the dividend rate to 44.8%, nearly triple the current rate. This is on top of the corporate tax rate of 35%, which is the highest in the industrialized world.
This will cause an exodus of investment, effectively drying up much of what it takes for corporations remain solvent. It will most certainly cause downsizing, and an even greater amount of outsourcing to countries like China and India.
Obama's wrecking ball continues to wreak havoc on business and the economy.
Obama's Dividend Assault
A plan to triple the tax rate would hurt all shareholders.
The Obama Wrecking Ball
Barack Obama's new budget has hidden in it a proposal to triple the dividend rate to 44.8%, nearly triple the current rate. This is on top of the corporate tax rate of 35%, which is the highest in the industrialized world.
This will cause an exodus of investment, effectively drying up much of what it takes for corporations remain solvent. It will most certainly cause downsizing, and an even greater amount of outsourcing to countries like China and India.
Obama's wrecking ball continues to wreak havoc on business and the economy.
Obama's Dividend Assault
A plan to triple the tax rate would hurt all shareholders.
President Obama's 2013 budget is the gift that keeps on giving—to government. One buried surprise is his proposal to triple the tax rate on corporate dividends, which believe it or not is higher than in his previous budgets.
Mr. Obama is proposing to raise the dividend tax rate to the higher personal income tax rate of 39.6% that will kick in next year. Add in the planned phase-out of deductions and exemptions, and the rate hits 41%. Then add the 3.8% investment tax surcharge in ObamaCare, and the new dividend tax rate in 2013 would be 44.8%—nearly three times today's 15% rate.
Keep in mind that dividends are paid to shareholders only after the corporation pays taxes on its profits. So assuming a maximum 35% corporate tax rate and a 44.8% dividend tax, the total tax on corporate earnings passed through as dividends would be 64.1%.
Related articles
- Obama's Budget Proposal Will Drive Fewer Companies to Pay Dividends (mebanefaber.com)
- A 43.4% Dividend Tax Is Insanity (thestreet.com)
- Are High Tax Rates a Reason for a Small Cisco Systems Dividend? (taxdebthelp.com)
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