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  1. bone

    The rich are waging class warfare on the poor

    Bullshit on you. The post-industrial society 'poor' (especially since the LBJ 'Great Society' mandates) certainly have free access to better health care and largess from the state in the form of personal welfare (food, housing, education, etc.) than pre-industrial 'poor'. No comparison.
  2. bone

    The rich are waging class warfare on the poor

    http://www.irs.gov/taxstats/article...=102886,00.html Top 1-percent Adjusted Gross Income (AGI) break (TY 2008) [3,4] $380,354 [billion] Ummm... you could take 100 % of the Adjusted Gross Income of the top 1 % of Individual Income Tax Returns and it would still take you sixteen years to...
  3. bone

    former reagan and bush 1 economic advisor.much of debt due to bush tax ccuts

    http://www.irs.gov/taxstats/article/0,,id=102886,00.html Top 1-percent Adjusted Gross Income (AGI) break (TY 2008) [3,4] $380,354 [billion] Ummm... you could take 100 % of the Adjusted Gross Income of the top 1 % of Individual Income Tax Returns and it would still take you sixteen...
  4. bone

    CME: Illinois Tax 'Untenable', Looking South

    Georgia has a 6 % corporate tax rate. Texas has a flat 1 % corporate tax rate on revenues over $1M - which is a smoking hot deal.
  5. bone

    Should the US be split into three countries?

    The US is already split into three countries: Canada, America, and Mexico.
  6. bone

    former reagan and bush 1 economic advisor.much of debt due to bush tax ccuts

    It's the historic compounded rate of spending INCREASE that is the issue:
  7. bone

    former reagan and bush 1 economic advisor.much of debt due to bush tax ccuts

    First two years of his office, total spending increased by 21.4 % over Bush's highest levels. And he keeps spending more, not less. Check the CBO. SPENDING. SPENDING IS THE MONEY GOING OUT.
  8. bone

    former reagan and bush 1 economic advisor.much of debt due to bush tax ccuts

    Discretionary spending has increased four-fold since Obama took office. And that is a fact. http://people-press.org/2011/07/28/...reelection-bid/ "The sizeable lead Barack Obama held over a generic Republican opponent in polls conducted earlier this year has vanished as his support...
  9. bone

    CME: Illinois Tax 'Untenable', Looking South

    I think the point is FU to Illinois in terms of where the corporate office (the tax revenue center) is located.
  10. bone

    CME: Illinois Tax 'Untenable', Looking South

    Ummm... Chicago prop firms trade a big percentage of Eurex and Liffe. Lots of Chicago HFT firms trading equities as well. I don't see ECN as being an issue IMO.
  11. bone

    Pelosi: We're Trying To Save Life On This Planet As We Know It

    Then the latest Pew Research Poll should make her contemplate jumping off the San Fran Bridge: http://people-press.org/2011/07/28/obama-loses-ground-in-2012-reelection-bid/ "The sizeable lead Barack Obama held over a generic Republican opponent in polls conducted earlier this year has...
  12. bone

    The rich are waging class warfare on the poor

    Fact: 47 % of American Households pay NO federal income tax Fact: the 'working poor' actually get a tax 'refund' check (seriously) without paying income tax - it's called the Earned Income Tax Credit (EIC). A working family with combined income $50K and under is not going to pay federal...
  13. bone

    CME: Illinois Tax 'Untenable', Looking South

    Nashville makes alot of sense, actually. No state individual income tax. No state capital gains tax. Lowest electricity rates in the country. Cheap local taxes. The published corporate tax is half of Illinois', and they will be very accomodating on a case-by-case basis. Lots of...
  14. bone

    CME: Illinois Tax 'Untenable', Looking South

    Listen to what the jackass Illinois Governor said when Caterpillar threatened to leave Illinois over tax rates: and I quote, from the Chicago Tribune: "Caterpillar's not leaving Illinois. They have well-skilled workers who know how to get the job done. They just signed an agreement with...
  15. bone

    CME: Illinois Tax 'Untenable', Looking South

    Breaking News from the Chicago Tribune: "Our tax situation is untenable," Donohue told Reuters, noting that CME is taxed more heavily than any of its global competitors. The company is talking with at least three states -- Texas, Florida and Tennessee -- about relocating some of its business...
  16. bone

    The rich are waging class warfare on the poor

    You are certainly correct in that anyone walking into a store to buy something is going to pay state and local sales tax. There is also a federal tax on gasoline. Also, property owners will pay some sort of annual tax on that real estate. You need to keep in mind that the 'working poor'...
  17. bone

    Get Ready for a 70% Marginal Tax Rate

    From the WSJ: Get Ready for a 70% Marginal Tax Rate Some argue the U.S. economy can bear higher pre-Reagan tax rates. But those rates applied to a much smaller fraction of taxpayers than what we're headed for without spending cuts...
  18. bone

    The rich are waging class warfare on the poor

    Fact: 47 % of American Households pay NO federal income tax Fact: the 'working poor' actually get a tax 'refund' check (seriously) without paying income tax - it's called the Earned Income Tax Credit (EIC). A working family with combined income $50K and under is not going to pay federal...
  19. bone

    The rich are waging class warfare on the poor

    So, you are going to complain about SS benefits getting paid out to retirees who actually paid INTO the system at some point in time, but you remain silent about generations of welfare families, existing illegals currently collecting entitlements like Food Stamps and educational subsidies - what...
  20. bone

    The rich are waging class warfare on the poor

    And the Democratic Party says that these same individuals in these same States need to be paying MORE. And your arguement does not hold water in terms of taxpayer political bias - in fact, the majority of the Democratic party constituency, those who identify their income levels during polling...
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