Bilers for Obama--Important notice!!

[Wade]

Boy I cant complain about the last 7 years. My job has been very busy, And I mean busy. If things have been so bad, why would I have been goofy busy at my job???? People spend money on toys when their feeling good about their bank account. Election year and all we here is change. Lets face it , obama is going to win. People are scared and holding on to what they have. work is slowing down because of not knowing what will happen. Mr. Billings ite look at your own city council, all they are is Liberals. hang on to your wallet. the term SID. Wow we have a Cabellas store, Bull chit on that. Well I better shut up now before I get banned from snowest.

No my friend, you bring up good points.

The uncertainty generated by banter of the Super Liberal, has investors forecasting a slide towards socialism. Why invest in a socialist country. The returns are regulated, if there are any. Obama fear is paralyzing wallstreet as much as the bad loans they made.

 

[2001400ex]

Really, so by your definition, if we raised rich people's taxs to 100% (no exemptions), would that bring in more revenue, long term? Generalizations of extrapolation, should carry out to both sides of infinity. If they don't, there's are exceptions.

Did you not understand the AMT response?

There is moderation. Clinton did the same thing, do you forget that Bush actually inherited a surplus? People have such short memories when they want.

And yes I am fully aware of AMT. I do not have the source, but I think Congress already passed the increase to AMT. And it really takes a ton of deductions for AMT to kick in on taxpayers under $500,000 a year. I just do not get where that enters the conversation. I gaurantee less than 5 people on this entire forum have ever beens subject to AMT. That is a media spectacle.

 

[2001400ex]

Boy I cant complain about the last 7 years. My job has been very busy, And I mean busy. If things have been so bad, why would I have been goofy busy at my job???? People spend money on toys when their feeling good about their bank account. Election year and all we here is change. Lets face it , obama is going to win. People are scared and holding on to what they have. work is slowing down because of not knowing what will happen. Mr. Billings ite look at your own city council, all they are is Liberals. hang on to your wallet. the term SID. Wow we have a Cabellas store, Bull chit on that. Well I better shut up now before I get banned from snowest.

Yeah, life in Billings is not too bad. Our industry is based on oil and medical, two businesses that have boomed. So of course in Billings everything is fine.

Now, if you are so pro job creation, I would think Cabelas would be a good thing. And Sportsmens Warehouse, and the couple other new businesses in town. You can say a lot about out city council, but liberal is not a term I would have for them. I know an ex council member that is VERY conservative, he just quit last year.

But here is the thing, what about the greater good. Yeah, in your little world, you have done well. Personally, my pay has increased 5 times since 2001 (though that was when I graduated college). It is for the greater good of the US that we have the tax on the wealthy put back to 1990s levels. Even McCain agreed during the last go round of tax cuts.

 

[2001400ex]

No my friend, you bring up good points.

The uncertainty generated by banter of the Super Liberal, has investors forecasting a slide towards socialism. Why invest in a socialist country. The returns are regulated, if there are any. Obama fear is paralyzing wallstreet as much as the bad loans they made.

Yup, and people like you and the guy spreading Marxist comments that create that fear. What about us buying stock in banks? Government ownership of business, that is call communism. And Bush created and endorsed that plan.

FEAR TACTICS!!!

 

[MTm7]

Yup, and people like you and the guy spreading Marxist comments that create that fear.

What about us buying stock in banks? Government ownership of business, that is call communism. And Bush created and endorsed that plan.

FEAR TACTICS!!!

would that be me?

no complaint here with that! bush is an idiot, imo! see im not party lines as you seem to be.

its not fear tactics its reality. when you stop drinking the kool-aid reality will come back into focus.

 

[Freak]

Yup, and people like you and the guy spreading Marxist comments that create that fear. What about us buying stock in banks? Government ownership of business, that is call communism. And Bush created and endorsed that plan.

FEAR TACTICS!!!

Bush is a good man but he has been beaten so badly by the liberal smear machine that he has lost his spine. I think he is just trying to please the libs, I dont know, but I do know that almost no conservatives support what he is doing with bail outs. But more important than that is that you are not mentioning that the Dems have just as much influence in these bailouts as the white house.

 

[Wade]

There is moderation. Clinton did the same thing, do you forget that Bush actually inherited a surplus? People have such short memories when they want.

And yes I am fully aware of AMT. I do not have the source, but I think Congress already passed the increase to AMT. And it really takes a ton of deductions for AMT to kick in on taxpayers under $500,000 a year. I just do not get where that enters the conversation. I gaurantee less than 5 people on this entire forum have ever beens subject to AMT. That is a media spectacle.

Your kidding right?

AMT effects people all the way down to $75K a year. Generally it starts to pop up around $100K a year. If you make over $150K a year, the deductions start getting stripped away until you have non. Then you basically just pay more. Geeze. If effects a lot of people, I know this for a fact. Why do you think rich people pay most of the taxes, most of their exemptions are nullified above a certain point, and they pay an "alternative minium tax".

For example: Your only allowed a personal exemption of $2,637 for a salary AGI of $250K, due to AMT.

 

[2001400ex]

would that be me?

no complaint here with that! bush is an idiot, imo! see im not party lines as you seem to be.

its not fear tactics its reality. when you stop drinking the kool-aid reality will come back into focus.

My bad, I guess reality is Obama will dictate like Hitler, convert our government to Marxism with hints of socialism and communism, require Muslim religion be spread in America and also black Christianity, and don't forget, he will plot terrorist attacks in America.

Look at what Obama is accused of. I guess I am the one drinking koolaid? Wow, I am one sick liberal, huh?

And for party lines, I am not going to go through my entire political beliefs, but I am really middle of the road or agnostic on most issues. Both parties are wrong and too far on the other side on most issues. Look at my comments.

 

[2001400ex]

Your kidding right?

AMT effects people all the way down to $75K a year. Generally it starts to pop up around $100K a year. If you make over $150K a year, the deductions start getting stripped away until you have non. Then you basically just pay more. Geeze. If effects a lot of people, I know this for a fact. Why do you think rich people pay most of the taxes, most of their exemptions are nullified above a certain point, and they pay an "alternative minium tax".

For example: Your only allowed a personal exemption of $2,637 for a salary AGI of $250K, due to AMT.

http://en.wikipedia.org/wiki/Alternative_Minimum_Tax

Thank you for showing everyone you have no clue what AMT is. Now, this wiki is difficult to understand and very poorly written. But what I can tell you is what you say above is so incorrect it is not funny.

Here is it how I learned it which will make the above wiki easier to understand. You calculate your tax. Then, you calculate your AMT (most tax programs do this behind the scenes over a certain income level). If you owe more tax under the AMT method, then you pay that tax. Now, that is tracked and for a certain period you can recapture that if you are under the AMT the next year(s).

This really became a problem with the Bush tax cuts, partially because the "marriage penalty" elimination and because of credits like the child tax credit.

Come on, you might be able to fool a clown, but you gotta come on this board with a better understanding of a subject before you start firing bullets.

 

[MTm7]

My bad, I guess reality is Obama will dictate like Hitler, convert our government to Marxism with hints of socialism and communism, require Muslim religion be spread in America and also black Christianity, and don't forget, he will plot terrorist attacks in America.

Look at what Obama is accused of. I guess I am the one drinking koolaid? Wow, I am one sick liberal, huh?

And for party lines, I am not going to go through my entire political beliefs, but I am really middle of the road or agnostic on most issues. Both parties are wrong and too far on the other side on most issues. Look at my comments.

i have and that is why i stated what i did. look at obama's track record as far as alliances and ideology. its that simple. he is marxist light at a minimum! i just dont understand your logic. the guy talks, votes and hangs around radical(socialists, marxists, terrorists) people but somehow the messiah is above any of that??? the man must have an almost divine ability to compartmentalize???

 

[plumnuts]

seems to me everything was in pretty good shape until two years ago.. lets see what happem then... hmmmmm oh yea Pelosi and Reid got into control...

Look at it this way.. no more attacks on us like there were during the Clinton years (USS Cole, embassys, OK Federal Building.. the WTC the first time).. after they tried that crap one time with W, he went after them... Got tired of the daily attempts to shoot down our aircraft.. and the mere thought Iraq had WMD.. they are now GONE.

Interesting BO is endorsing most of the Bush tax cuts, but still missing the most important ones that can really put the hurt on everyone... when you look at BO's policies on access to federal lands, energy programs, the disaster he is proposing for healthcare, and his history on voting regarding guns... and he has NO EXPERIENCE... Mr. McCain is the answer.. Remember because of the large amount of voters this time, Democrats are to vote on November 5 to avoid the long lines

 

[highmtn]

Tax and spend is much better than cut tax and spend, the actual Republican agenda! Were you guys not paying attention from 2001 to 2007?

how about believing in cutting taxes and cutting giveaways? Why should I pay for a mexican girl that comes to this country to give birth??? Why ahould we pay for needle exchange programs for junkies? Why was the WASL translated into 7 languages? Shouldn't a student have to read and write in english to graduate high school? We did business in the Clinton/Gore/Babbitt era and it was terrible. From 01 to 08 we are doing much better. We were sent home on Sept 11(lifeflight was not available) and Iwatched the towers fall. Then I watched footage from Palestine and other locations in the Middle East of the people cheering and dancing in the streets. Be glad Bush was our President- If i'd been there they wouldn't need street lights- they'd glow in the dark.

Look at the people obama surrounds himself with. Don't you believe you can tell alot about a person by the company he keeps?
Read his wife Michelle's 1985 thesis- 400ex if you're white- she hates you too!

 

[Wade]

http://en.wikipedia.org/wiki/Alternative_Minimum_Tax

Thank you for showing everyone you have no clue what AMT is. Now, this wiki is difficult to understand and very poorly written. But what I can tell you is what you say above is so incorrect it is not funny.

Here is it how I learned it which will make the above wiki easier to understand. You calculate your tax. Then, you calculate your AMT (most tax programs do this behind the scenes over a certain income level). If you owe more tax under the AMT method, then you pay that tax. Now, that is tracked and for a certain period you can recapture that if you are under the AMT the next year(s).

This really became a problem with the Bush tax cuts, partially because the "marriage penalty" elimination and because of credits like the child tax credit.

Come on, you might be able to fool a clown, but you gotta come on this board with a better understanding of a subject before you start firing bullets.

Sorry, I assumed I needed to keep it simple

The itemized deductions and personal exemptions limit kicks in at $159K and gradually reduces your allowable exemptions, to zero. So, a person making $250K could not deduct more than of $2,637. [IRC Sec. 151(d)(3)] NOTE: this threshold exemption limit is being phased out finally, it will be gone in another 2 years. In short your numbers were wrong from before.

AMT makes up two parts, exemptions and deferrals. You seem to be referring to the deferrals portion only. This would be true that you could reclaim AMT deferral taxes later, but when you get into the higher tax brackets, I don't believe most high income earners ever find a point in the future where they can recover it. Basically, your in AMT for the rest of your life, because you have AMT liabilities every year. Now, if you sold stock options (ISO), then yes, a one time AMT liability could be refunded in the future, not true if you have normally increasing salary, and fall within AMT liability. High income earners are hit by the exemption more.

There should be about 26.8 million taxpayers falling into AMT liability this year, there was 4.1 million last year. I haven't heard anything about a patch that reduces this number. Maybe you have a link? Supposing I'm correct, does that sound like a significant number of tax payers to you? They only process about 140 million returns a year at the good old IRS. Now, like every year I'm sure they'll change the exemptions tell it's more like 6 million tax payers. But....

The patches generally help the under $200K group. But, the $200K to $500K group, is less likely to get help. It's estimated that 91 percent of them will be effected by AMT. Even if the tax cuts are allowed to expire, 80 percent will be effected by AMT.

It's interesting how a tax created by the Democrats, to pick the pockets of the rich, has become Bush's fault. You do realize that both Carter and Clinton raised the AMT tax to 26 and 28%, don't you? It was 20 and 21% under Reagan. And now, since people get more deductions, they fall into AMT. And, it's somehow Bush is to blame.

I understand the reason AMT came about, but it's time has passed. Basically, a group of CEO's decided to get paid in stock options only, they took loans, using the stock as collateral. They used the loans as salary, and never paid taxes. That's why it was created. Now, people making $75K a year have to calculate their taxes twice, because they might get hit. And, some janitor buys his stock options, and ends up declaring bankruptcy to pay the tax bill.

Nice Read

Another nice read.

 

[2001400ex]

My comments are blue.

Sorry, I assumed I needed to keep it simple

The itemized deductions and personal exemptions limit kicks in at $159K and gradually reduces your allowable exemptions, to zero. So, a person making $250K could not deduct more than of $2,637. [IRC Sec. 151(d)(3)] NOTE: this threshold exemption limit is being phased out finally, it will be gone in another 2 years. In short your numbers were wrong from before. This has nothing to do with AMT.

AMT makes up two parts, exemptions and deferrals. You seem to be referring to the deferrals portion only. This would be true that you could reclaim AMT deferral taxes later, but when you get into the higher tax brackets, I don't believe most high income earners ever find a point in the future where they can recover it. Basically, your in AMT for the rest of your life, because you have AMT liabilities every year. Now, if you sold stock options (ISO), then yes, a one time AMT liability could be refunded in the future, not true if you have normally increasing salary, and fall within AMT liability. High income earners are hit by the exemption more. Point is, AMT was created so high income workers do not use deductions to eliminate their tax. Which they still do by owning farms and other businesses to reduce their tax liability.

There should be about 26.8 million taxpayers falling into AMT liability this year, there was 4.1 million last year. I haven't heard anything about a patch that reduces this number. Maybe you have a link? Supposing I'm correct, does that sound like a significant number of tax payers to you? They only process about 140 million returns a year at the good old IRS. Now, like every year I'm sure they'll change the exemptions tell it's more like 6 million tax payers. But.... Good media talking point. Yes they should increase the base limit it applies to, but your numbers are way inflated.

The patches generally help the under $200K group. But, the $200K to $500K group, is less likely to get help. It's estimated that 91 percent of them will be effected by AMT. Even if the tax cuts are allowed to expire, 80 percent will be effected by AMT. Again, your percentage is inflated. but either way, 200K to 500K can afford paying 28% tax rather than 39.6%, right?

It's interesting how a tax created by the Democrats, to pick the pockets of the rich, has become Bush's fault. You do realize that both Carter and Clinton raised the AMT tax to 26 and 28%, don't you? It was 20 and 21% under Reagan. And now, since people get more deductions, they fall into AMT. And, it's somehow Bush is to blame. I don't blame Bush, but those tax cuts are the reason the media has been able to embelish this issue, along with the fact it is not adjusted for inflation.

I understand the reason AMT came about, but it's time has passed. Basically, a group of CEO's decided to get paid in stock options only, they took loans, using the stock as collateral. They used the loans as salary, and never paid taxes. That's why it was created. Now, people making $75K a year have to calculate their taxes twice, because they might get hit. And, some janitor buys his stock options, and ends up declaring bankruptcy to pay the tax bill. Yeah, as far as calculating twice, have you ever heard of a tax program? How many people subject to AMT do their return by hand? Not many (or probably closer to zero).

Nice Read

Another nice read.

You sound like a journalist, not a CPA. The AMT is way overblown and I still have no clue why it is part of this discussion. I am done with it.

 

[framus]

Dems go to hell..well not yet.

After a couple of years of Obama I sure hope to hear from the snowmobilers who voted for him. Of course I would be guilty of "fear-mongering" if I said anything right now, however for the record... environmental and land closure legislation has a way of sneaking up and biting you on the ars when you dont think it could.

Perfect example of what I'm talking about is state senator Adam Kline, Wa. He has regurgitated some pretty outrageous legislation over the years...surprisingly he's about as left as Obama is, like thats even possible. One law had orv's had to be so quiet it would have been impossible to even start one up on state land....another had you TAXED by the amount of cylinders your vehicles had. All of these of course didnt pass or even make the agenda but thats all about to change... and on a national level as well. Easy,quick anti-access rules that have no resistance what-so-ever. And you can bet your bottom dollar that after 8 years of Bushhitler "they" the leftist-swine are gonna want revenge, payback and vengence.

I dought very much that the BRC,SAWS, your local clubs will be able to keep up or/and fund a defence of the onslaught thats coming. I'll try and donate as much as possible but it's pretty much academic. You cant fight the liberal machine especially when it has the endless supply of money and an unobstructed political will behind it. Hell we cant even get 3k members to join SAWS...and it's free!

So no Benedict Arnolds, no words of anger as of now...only bewilderment.

 

[shortstop20]

Tax and spend is much better than cut tax and spend, the actual Republican agenda! Were you guys not paying attention from 2001 to 2007?

No that's the George W. Bush agenda. Not a real conservative's agenda. You are trying to define the entire party by one president's 2 terms.

Not to mention everything was fine for most of America until 2006. Then the libs took the majority and stated before Congress that there was nothing wrong at Fannie and Freddie, meanwhile McCain(Bush too I think?) said that there needed to be some new regulations put into place because it was getting out of control. They didn't have the numbers to get any new regulation past the libs. Most of the libs denied it and still to this day will not admit they were in the wrong. Community Reinvestment Act under Clinton had a big hand in this mess.

People need to live within their means, it is not a right of everyone to "keep up with the Jones".

 

[2001400ex]

No that's the George W. Bush agenda. Not a real conservative's agenda. You are trying to define the entire party by one president's 2 terms.

Not to mention everything was fine for most of America until 2006. Then the libs took the majority and stated before Congress that there was nothing wrong at Fannie and Freddie, meanwhile McCain(Bush too I think?) said that there needed to be some new regulations put into place because it was getting out of control. They didn't have the numbers to get any new regulation past the libs. Most of the libs denied it and still to this day will not admit they were in the wrong. Community Reinvestment Act under Clinton had a big hand in this mess.

People need to live within their means, it is not a right of everyone to "keep up with the Jones".

Okay, go back to Reagan, the deficit increased by a huge amount during his presidency. And continued under Bush I. It is called pandering, you buy the election by saying you are cutting taxes, then you let the earmarks flow to keep the constituents happy.

For McCain, he co-sponsored (which means his name was attached) a bill in 2005, when Republicans had full control. They could not get it passed through the Republican Congress.

Both parties have had a hand. But Obama is the one to lead us out of this mess.

And yes, you are right, the people have part of the blame for using their homes as ATM's. The positive thing, a lot of neighborhoods cleaned up. The negative thing, the ghost towns that are popping up. Rows and rows of uninhabited homes.

 

[Burndown1]

Yeah, life in Billings is not too bad. Our industry is based on oil and medical, two businesses that have boomed. So of course in Billings everything is fine.

Now, if you are so pro job creation, I would think Cabelas would be a good thing. And Sportsmens Warehouse, and the couple other new businesses in town. You can say a lot about out city council, but liberal is not a term I would have for them. I know an ex council member that is VERY conservative, he just quit last year.

But here is the thing, what about the greater good. Yeah, in your little world, you have done well. Personally, my pay has increased 5 times since 2001 (though that was when I graduated college). It is for the greater good of the US that we have the tax on the wealthy put back to 1990s levels. Even McCain agreed during the last go round of tax cuts.

Wow Cabellas will hire $8.00 jobs. Another thing TIF district. The city Blighted a bunch of beautiful homes, New developments. This was to encourage Cabellas, Gifts for them. Infastructure. Guess what Billings ite we will be getting a Local option sales tax in Billings And then Obama. Tax Tax Tax. Let me guess you are on our school board. I knew it. Scum.

 

[Burndown1]

Okay, go back to Reagan, the deficit increased by a huge amount during his presidency. And continued under Bush I. It is called pandering, you buy the election by saying you are cutting taxes, then you let the earmarks flow to keep the constituents happy.

For McCain, he co-sponsored (which means his name was attached) a bill in 2005, when Republicans had full control. They could not get it passed through the Republican Congress.

Both parties have had a hand. But Obama is the one to lead us out of this mess.

And yes, you are right, the people have part of the blame for using their homes as ATM's. The positive thing, a lot of neighborhoods cleaned up. The negative thing, the ghost towns that are popping up. Rows and rows of uninhabited homes.

Earmarks, You complain. Your buddy Max Baucas Demy Remember him the chairman of the finance comm. Senator for Montana for 34 years. Earmarks, you need a better arguement than that.

 

[snwmksmehrny]

Got this email this morning about Obama's birth certificate.....

http://www.newsmax.com/headlines/ob...2008/10/24/143882.html?s=al&promo_code=6E2D-1