Ford Ranger Forum - Forums for Ford Ranger enthusiasts!

Go Back   Ford Ranger Forum - Forums for Ford Ranger enthusiasts! > >
Forgot Password? Join Us!

Welcome to Ford Ranger Forum

Reply
 
Thread Tools Search this Thread

  #91  
Old 07-24-2011, 12:38 PM
joshawol joshawol is offline
Buy a Ford
 
Join Date: Jul 2010
Posts: 180
Default Re: House Speaker John Boehner Ignoring Obama's Phone calls and debt talks broke down

Here are some facts for you. A little example!

Warren Buffett, billionaire, pays a total tax rate (federal, state & local) of
0.2% of his income and investment gains. A typical single person earning a
minimum wage pays taxes amounting to 22% of her wages, a 100-fold higher rate
than Mr. Buffett’s.

So you were saying that us poor folk pay less than the rich?
__________________
2005 DSG DANGER RANGER EDGE 2WD 3.0 Stick 8.8 4.10
river rat racing...
Reply With Quote
  #92  
Old 07-24-2011, 01:36 PM
FlyinRyan FlyinRyan is offline
Ranger Driver
 
Join Date: Nov 2009
Posts: 140
Default Re: House Speaker John Boehner Ignoring Obama's Phone calls and debt talks broke down

Quote:
Originally Posted by joshawol View Post
Here are some facts for you. A little example!

Warren Buffett, billionaire, pays a total tax rate (federal, state & local) of
0.2% of his income and investment gains. A typical single person earning a
minimum wage pays taxes amounting to 22% of her wages, a 100-fold higher rate
than Mr. Buffett’s.

So you were saying that us poor folk pay less than the rich?
Its actually 17.2%, but ok he may pay a lower tax rate than most but there a few that do. I am by no means saying that he should pay less.
But, if you look at the $ figures, I'm sure that he pays way more than most others.

The multi million and billionares may pay a lower tax rate but there are very few of them.
Although, it should be an even tax rate for everybody.

All I have been trying to say is that I don't think it is fair to have progressive tax rates like we have. It should be an even rate across the board.
__________________
Future Ranger Driver
Reply With Quote
  #93  
Old 07-24-2011, 02:42 PM
Pasco08 Pasco08 is offline
Hate Slow Drivers
 
Join Date: Jun 2011
Posts: 776
Default Re: House Speaker John Boehner Ignoring Obama's Phone calls and debt talks broke down

Quote:
Originally Posted by EMT1559 View Post
too bad a mod aint here to close this
Quote:
Originally Posted by Fightinirish157 View Post
What has been done in here to close this thread?
Quote:
Originally Posted by EMT1559 View Post
idiots fighting over something stupid
Cause this thread hasn't done anything wrong other then you two being here starting shit?

Maybe thats why Demon got the Infraction but no thread closed ya know common sense would be wonderful.

----------

Quote:
Originally Posted by joshawol View Post
So your not rich but you defend the rich. I'm not talking about doctors or Lawyers or College professors here. I'm talkin hedge fund managers and othere douchebags that are making bonuses of 5 billion dollars. GUESS how much taxes they are paying. LESS THAN THE MIDDLE CLASS I don't care who the fuck you are no one ever deserves that much money. Especially when it helped put us in this situation. . Now look at the taxes for these people. Loopholes everywhere but not for people making money like we make but for people making millions upon millions. Its the big corporations that got us here and the republicans are doing everything they can to make sure the people that pay them can pay less!
x2

----------

Quote:
Originally Posted by joshawol View Post
Here are some facts for you. A little example!

Warren Buffett, billionaire, pays a total tax rate (federal, state & local) of
0.2% of his income and investment gains. A typical single person earning a
minimum wage pays taxes amounting to 22% of her wages, a 100-fold higher rate
than Mr. Buffett’s.

So you were saying that us poor folk pay less than the rich?
x2

----------

I really do enjoy coming here and finding you three patting yourself on the backs like you have accomplished something. LMFAO.
__________________
2014 Ford Focus SE
2003 Ford Ranger XL Silverstar ultra headlights, Dual Exhaust 3.0 V6 LED light bar between tailgate and bumper.
Quote:
Originally Posted by OlYeller View Post
Yes. I will say this, and this is the only time I think I will ever say it, so you better brace yourself.....But, you were right Ricky...
Quote:
Originally Posted by RagerTom View Post
and theres a difference between a smart buy and a "look at my little dick" buy, like a cts-v
Reply With Quote
  #94  
Old 07-24-2011, 04:14 PM
merlin215 merlin215 is offline
Ford Ranger Driver
 
Join Date: May 2010
Posts: 723
Default Re: House Speaker John Boehner Ignoring Obama's Phone calls and debt talks broke down

One of the solutions ( a part of the discussions ) was to close the loopholes on the tax laws , exactly what you are talking about . Both sides know the laws and know that it will cause a lot of issues in the finance community . It will be interesting to see if this is part of the final deal to close the tax loopholes .
__________________
Merlin215

2010 Ford Ranger 4 wheel drive
Black
XLT Power Group package
Reply With Quote
  #95  
Old 07-24-2011, 06:23 PM
dvrich dvrich is offline
Lifetime DAV Member
 
Join Date: Sep 2010
Posts: 2,437
Default Re: House Speaker John Boehner Ignoring Obama's Phone calls and debt talks broke down

Quote:
Originally Posted by FlyinRyan View Post
LOL!!! The people who make the most money have ridiculously high tax rates. They pay more than their share. And if you are thinking it, no, I'm am not rich, that isn't why I say that the rich are taxed too much.

Those who have money and success got it by going to school and/or working hard. Do you think its fair to tax them more because they worked harder to and were successful? Higher taxes on the rich take away the incentive to work harder and be successful. Look at the USSR, they did just that by saying everyone is equal and nobody is rich or poor. There was no longer and incentive to get a higher education and to work hard. Well, those who worked hard and studied to make more no longer had an incentive to work hard an be a doctor or engineer. Because of this lack of incentive people just became lazier and lazier. Those who did little did less and those who worked realy hard just kinda half assed it. In the end their economy crashed.

The incentive to work hard and study so you can be successful is the money that you will make. If the gov. is going to take more of your money because you are successful then why would you put in all that extra effort if even though you make more you don't get to keep more for your self?

You think the rich pay more than their share? Are you serious....I hope not.
Tax loopholes and shelters for the most part reduce the $250,000 a year wage earners tax rate from 35%+ to less than 10%. You need to learn about the tax laws before having such a hard line. Quite a few republicans acknowledge this too, but that is who funds their campaigns. Of course Mexicans pay no taxes.
__________________
2014 Ford F150 4x4 Supercab 5.0 STX 9500 miles 18 mpg overall
2015 Ford F150 4x2 Supercab 3.5 TIVCT 13,500 miles 21 mpg overall

Last edited by dvrich; 07-24-2011 at 06:26 PM.
Reply With Quote
  #96  
Old 07-24-2011, 11:43 PM
day004 day004 is offline
Like the Forums
 
Join Date: Oct 2010
Posts: 49
Default Re: House Speaker John Boehner Ignoring Obama's Phone calls and debt talks broke down

You dont get the government you want, you get the government you deserve.
Yes ,we the people are at fault, 100%. We vote the idiots in and the let them convince us that money has the same free speech rights as each one of us.
1 man ,1 vote...
NOT 1$ 1Vote.

So guess why both parties are bought and paid for by corporate and foreign interests.

It's the golden rule...........Them with the gold gets to rule.

1 more pithy saw.

Life is like a shit sandwich, the more bread you got the less shit you eat!
Reply With Quote
  #97  
Old 07-25-2011, 03:26 AM
mdblitz mdblitz is offline
Ford Pickup
 
Join Date: Aug 2010
Posts: 107
Default Re: House Speaker John Boehner Ignoring Obama's Phone calls and debt talks broke down

Maybe someone can explain to me some thing.

It started as a noble idea to give people a chance to own a home and to move out of government subsidzed human warehouses. The idea was used to create pools of collateral for mortgage backed securities created by investment firms. With these securities being leveraged 40 times or so and spread through financial markets making an upside down pyramid with these non-performing papers and a hyped realestate market as a base.

All this leveraged fiat value was used to purchase real hard assets and the Federal Reserve is now in QE2 to monitize the debt.

Where do the funds come from to pay the interest on the debt that was given to private firms to cover their schemes?
Reply With Quote
  #98  
Old 07-25-2011, 05:54 AM
merlin215 merlin215 is offline
Ford Ranger Driver
 
Join Date: May 2010
Posts: 723
Default Re: House Speaker John Boehner Ignoring Obama's Phone calls and debt talks broke down

If I remember correctly , Ultimately the Fed will cover this . Good Question as I will have to look that up . The owners of the paper will be ultimately responsible but if the paper is not worth anything , then the owners of the paper are responsible for it . Stand By and I will have a better answer .
__________________
Merlin215

2010 Ford Ranger 4 wheel drive
Black
XLT Power Group package
Reply With Quote
  #99  
Old 07-25-2011, 06:11 AM
merlin215 merlin215 is offline
Ford Ranger Driver
 
Join Date: May 2010
Posts: 723
Default Re: House Speaker John Boehner Ignoring Obama's Phone calls and debt talks broke down

Try this for starters . Page 14 addresses some of the failure issues . It would be up to the fund to deliver all interest due or paid for that particular fund , but the members of the fund may ultimately end up paying the interest distributed across the Traded MSB fund .

You asked :

All this leveraged fiat value was used to purchase real hard assets and the Federal Reserve is now in QE2 to monitize the debt.

Where do the funds come from to pay the interest on the debt that was given to private firms to cover their schemes?


Not sure I know what hard assets you are talkng about . Any investments from the MSB's will ultimatley be the direct fund's responsibility .
__________________
Merlin215

2010 Ford Ranger 4 wheel drive
Black
XLT Power Group package
Reply With Quote
  #100  
Old 07-25-2011, 12:24 PM
FlyinRyan FlyinRyan is offline
Ranger Driver
 
Join Date: Nov 2009
Posts: 140
Default Re: House Speaker John Boehner Ignoring Obama's Phone calls and debt talks broke down

Quote:
Originally Posted by Pasco08 View Post
I really do enjoy coming here and finding you three patting yourself on the backs like you have accomplished something. LMFAO.
Where has anyone patted them-self on the back??



As for the tax rates/loopholes, I didn't realize that there were so many loopholes. My economics class didn't cover that.

Even though they pay a lower rate than what seems fair, at least they are paying taxes unlike many other people.

I think that the loopholes should be closed BUT, at the same time the tax rates should be made even across the board. No progressive taxes.


As for the original topic of the debt and our deficit spending, the excess spending needs to stop. One day out debts will catch up to us and as we can see they are already starting to. Eventually those who have loaned us money will want it back.
The government needs to stop spending like there is no tomorrow. The biggest issue is all the entitlement programs. The majority of the people on welfare don't need it, they are just a bunch of lazy asses that don't want to work.
The government needs to cut back like everbody else does when financial issues arise.
__________________
Future Ranger Driver
Reply With Quote
  #101  
Old 07-25-2011, 01:31 PM
mdblitz mdblitz is offline
Ford Pickup
 
Join Date: Aug 2010
Posts: 107
Default Re: House Speaker John Boehner Ignoring Obama's Phone calls and debt talks broke down

Quote:
Originally Posted by merlin215 View Post
Try this for starters . Page 14 addresses some of the failure issues . It would be up to the fund to deliver all interest due or paid for that particular fund , but the members of the fund may ultimately end up paying the interest distributed across the Traded MSB fund .

You asked :

All this leveraged fiat value was used to purchase real hard assets and the Federal Reserve is now in QE2 to monitize the debt.

Where do the funds come from to pay the interest on the debt that was given to private firms to cover their schemes?


Not sure I know what hard assets you are talkng about . Any investments from the MSB's will ultimatley be the direct fund's responsibility .
Gold is around $1500 and oil is $100 a barrel. I'm saying that with the global economy slowed down why is oil so expensive? Hard asset. Gold is hard asset. M2 has increased dramatically in the past 10 years.

All the excessive currency in our system that was created by investment banks has chased these tangible items using fake money. Imo these prices are here to stay. I figure there was a musical chair money game going on and a few players had to get bailed out.

If the media can bash people receiving "entitlement" and we all discuss the same with our friends, why has the Enron type ripoff not been talked about much.
Reply With Quote
  #102  
Old 07-26-2011, 03:19 AM
knightmare1015 knightmare1015 is offline
Senior Member
 
Join Date: Feb 2010
Posts: 2,010
Default Re: House Speaker John Boehner Ignoring Obama's Phone calls and debt talks broke down

My thoughts are this. One party spends like there's no tomorrow while the other one leans towards communist ideals. Basicly George W. Bush is where the problem got started when he was elected into office. 8 years of retardation and b.s. that made no sense, put us into financial peril. Then we go from bad to worse when Obama was elected. Instead of being a true leader and doing what is best for the american people and working with the house and senate, he cries like a little school girl when things doesn't go his way. Obama basicly is obsessed with his healthcare plan that everyone knows won't work. He's been signing blank checks with money that we don't have along with the democratic party in general. One word basicly has destroyed our economy: GREED. Our dollar is worthless because it's unbacked and printed too much. This country would rather worry about what happens overseas rather than our own problems because the U.S. Government is worse than an old woman when it comes to minding their own business. So yeah the U.S. Government is retarded. God forbid we get a real leader like FDR, Bill Clinton, or Ronald Reagan in office. Those 3 presidents wether you liked them or hated them had huge challenges in terms of fixing the economy and all 3 of those leaders done an excellent job at getting our economy fixed and repaired. When Bill Clinton went out of office is when this whole fiasco started. FDR brought us out of a depression and tried his absolute best to saty out of war but we were pulled into it when Pearl Harbor was attacked by the Japanese Navy. Jimmy Carter had loused things up so bad that it took Ronald Reagan 4 years to fix his screw ups. George H. Bush done the same thing that Jimmy Carter did only worse because of Iraq's crap in the early 90's. It took Bill Clinton 4 years to fix that fiasco. He worked with both parties and look how economy done when he did.
__________________
SOLD: 2004 Ford Ranger Edge 3.0 V6 5 speed



www.knightmare1015.blogspot.com

Last edited by knightmare1015; 07-26-2011 at 03:26 AM.
Reply With Quote
  #103  
Old 07-26-2011, 04:21 AM
Pasco08 Pasco08 is offline
Hate Slow Drivers
 
Join Date: Jun 2011
Posts: 776
Default Re: House Speaker John Boehner Ignoring Obama's Phone calls and debt talks broke down

We honestly need another FDR because i am just starting to get pissed off at both party's.
__________________
2014 Ford Focus SE
2003 Ford Ranger XL Silverstar ultra headlights, Dual Exhaust 3.0 V6 LED light bar between tailgate and bumper.
Quote:
Originally Posted by OlYeller View Post
Yes. I will say this, and this is the only time I think I will ever say it, so you better brace yourself.....But, you were right Ricky...
Quote:
Originally Posted by RagerTom View Post
and theres a difference between a smart buy and a "look at my little dick" buy, like a cts-v
Reply With Quote
  #104  
Old 07-26-2011, 04:36 AM
knightmare1015 knightmare1015 is offline
Senior Member
 
Join Date: Feb 2010
Posts: 2,010
Default Re: House Speaker John Boehner Ignoring Obama's Phone calls and debt talks broke down

That's why I'm a registered independant voter. I hate both parties anymore because all they care about is their wallets and passing the bulk of their failures onto the next guy instead of looking in the mirror and accepting responsibility for those failures. I can no longer work because of old injuries that are catching up to me, and a few other health issues that came up. So me applying for disability and getting it sucks, but I have had no other option but this. This was and is my last resort and I tried to avoid this. But if things keep going the way they are, people in situations like I am in won't have a chance. Social Security is about to go belly up. Obama is acting like a school girl because it wasn't his idea. There's no "I" in team. FDR was the greatest president we ever had, and the longest serving president we had as well. He was the one that developed the Social Security disabilty and retirement benefits from the word go.
__________________
SOLD: 2004 Ford Ranger Edge 3.0 V6 5 speed



www.knightmare1015.blogspot.com
Reply With Quote
  #105  
Old 07-26-2011, 06:48 AM
merlin215 merlin215 is offline
Ford Ranger Driver
 
Join Date: May 2010
Posts: 723
Default Re: House Speaker John Boehner Ignoring Obama's Phone calls and debt talks broke down

Quote:
Originally Posted by mdblitz View Post
Gold is around $1500 and oil is $100 a barrel. I'm saying that with the global economy slowed down why is oil so expensive? Hard asset. Gold is hard asset. M2 has increased dramatically in the past 10 years.

All the excessive currency in our system that was created by investment banks has chased these tangible items using fake money. Imo these prices are here to stay. I figure there was a musical chair money game going on and a few players had to get bailed out.

If the media can bash people receiving "entitlement" and we all discuss the same with our friends, why has the Enron type ripoff not been talked about much.
You are right on track about the hard assets and the prices ARE here to stay . When the market goes soft , people run to make money in those commodities , add in day traders which in My Opinion is one of the causes of all the market trouble , add in technology now as people can program applications on their pc's to buy and sell and do ridiculous things that they could never have done years ago , all in the name of money , thus driving up the prices and changing the relatively stable market . In today's economy and marketplace , anything is fair game . With these in place , now you know why the markets can be so unstable and think about this all over the free world now as well .

Enron went down so hard that People wanted to forget it so quickly . It did a lot of damage to a lot of good people . Its a funny thing how people forget the past eh ? An old saying , forget the past and you are doomed to repeat it . Look back on the 1920's markets and see why that market crash was so bad and see what is involved with todays markets .
__________________
Merlin215

2010 Ford Ranger 4 wheel drive
Black
XLT Power Group package
Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search


Similar Threads
Thread Thread Starter Forum Replies Last Post
The U.S. Debt Crisis.... knightmare1015 Off Topic 10 07-19-2011 12:35 PM
John in Oregon johnr Introduce Yourself 14 03-19-2011 02:00 PM
john says hello john riggs Introduce Yourself 3 02-14-2010 08:35 PM
strange phone calls Jim S General Ford Ranger Discussion 6 09-27-2009 03:20 PM
John 1991 Ford Ranger John Introduce Yourself 7 09-06-2009 07:48 PM