Let's tax the bastards. That'll show'em!

The only group that would get a tax increase is $250K/year and over,
not the middle class on a tight budget.

The 401K cap is $15.5K/year not 6-10% of income.

__________________
cult plus time equals religion

Put your money in a jar and put it in the closet. At least you'll know where it is and that its safe.

__________________
"It's normal for these things to empty your wallet and break your heart in the process."
2012 SLK 350
1987 420 SEL

So sayeth Siduri Orman . . . .

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" We have nothing to fear but the main stream media itself . . . ."- Adapted from Franklin D Roosevelt for the 21st century

OBK #55

1998 Lincoln Continental - Sold
Max 1984 300TD 285,000 miles - Sold
The Dee8gonator 1987 560SEC 196,000 miles - Sold
Orgasmatron - 2006 CLS500 90,000 miles
2002 C320 Wagon 122,000 miles
2016 AMG GTS 12,000 miles

The share of total federal income taxes paid by the top 1 percent of tax filers increased to 39.89 percent in 2006, while the tax share of the top 5 percent climbed to 60.14 percent. The income tax share of the top half rose to 97.01 percent, according to recent Internal Revenue Service (IRS) data. The tax shares are the highest on record for these groups based on comparable IRS data going back to 1986.
The share of adjusted gross income generated by the top 1 percent has also increased. This share was 22.06 percent in 2006, relative to a level of 20.81 percent reached during the height of the stock market bubble in 2000 (when the income tax share of the top 1 percent was 37.42 percent). Congressman Jim Saxton, ranking member of the Joint Economic Committee, made the following remarks on the IRS data:
“The latest IRS data show that the share of the income tax burden borne by the top half of tax filers continues to rise and now stands at 97.01 percent,” Saxton said. “The tax shares of the top 1, 5, and 10 percent of taxpayers ranked by income are the highest in many years. The share of the bottom half of tax filers has fallen to a level of 2.99 percent.
“In examining recent trends in the income share of the top 1 percent, what is most striking is its sharp rise during the 1990s. For example, between 1992 and 2000, the top 1 percent’s share of income jumped from 14.23 percent to 20.81 percent, an increase of nearly 7 percentage points, before slipping in 2001 and 2002. These data show that the most significant increases in this income share occurred in the 1990s, not in more recent years,” Saxton concluded.

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Paul S.

2001 E430, Bourdeaux Red, Oyster interior.
79,200 miles.

1973 280SE 4.5, 170,000 miles. 568 Signal Red, Black MB Tex. "The Red Baron".

Paul Krugman's column in the NYT today has some important criticisms of the bailout. I tried to copy and past but it won't post here when I do. Here's a link:

http://www.nytimes.com/2008/09/22/opinion/22krugman.html?_r=1&oref=slogin

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1977 300d 70k--sold 08
1985 300TD 185k+
1984 307d 126k--sold 8/03
1985 409d 65k--sold 06
1984 300SD 315k--daughter's car
1979 300SD 122k--sold 2/11
1999 Fuso FG Expedition Camper
1993 GMC Sierra 6.5 TD 4x4
1982 Bluebird Wanderlodge CAT 3208--Sold 2/13

Where will the money come from?
Thats something that I was thinking about the other day as well. Of course higher taxes were the only conclusion that I could think about. Then I thought about this election and how candidates talk about improving the economy and such. But you don't really hear any of them talking about taxes

"Read my lips"


Or we can take the view point of the "All seeing eye" there. If the government didn't want it to happen, they would not have let it happen.

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1982 300GD Carmine Red (DB3535) Cabriolet Parting Out
1990 300SEL Smoke Silver (Parting out)
1991 350SDL Blackberry Metallic (481)

"The thing is Bob, its not that I'm lazy...its that I just don't care."

waitstaff, bartenders, valet, etc. General service industry work. Tips make up the difference, theoretically.

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1982 240 D, 308,000 - 321,127 miles (sold)
1982 300 TD,166,500 - 226,000 miles
1998 E 320, 120,000 - 144,000 miles
2005 C 230 K, 26,000 - 77,000 miles (sold)

so you'll be voting for Obama?

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1982 240 D, 308,000 - 321,127 miles (sold)
1982 300 TD,166,500 - 226,000 miles
1998 E 320, 120,000 - 144,000 miles
2005 C 230 K, 26,000 - 77,000 miles (sold)

I'm afraid you're right. Last Thur if something wasn't done we were about two days from when most people would find out their credit cards were canceled.

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89 300E
79 240D
72 Westy
63 Bug sunroof
85 Jeep CJ7
86 Chevy 6.2l diesel PU

"The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane."
Marcus Aurelius

Not when it devalues 35% in 6 years. But it doesn't matter for most people, they come for bullion during depressions as well. I almost feel bad for the masses who rely on the bankrupt FDIC or 401Ks with failing institutions.

Divide $500B by 300 million. Whats that about $1,666.67 a head? So count up the number of people in your household and write a check, payable to the IRS.

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2006 CL500
1969 280SE
2023 Ram 1500
2026 Genesis GV70
2007 Tiara 3200

Oil is shooting back up, IMHO thats a really bad sign. I bet gold went up today as well, but I havn't checked. The money is doing what it did before heading for oil to let the markets sort out.

Gas going back up is the last thing the economy needs, and I bet you will see it tomarrow at the pump. Funny how you see price increases right away, and it takes far longer to drop.

__________________
2006 CL500
1969 280SE
2023 Ram 1500
2026 Genesis GV70
2007 Tiara 3200

McCain and Obama were "trading barbs" today on the bailout plan. Why does this sound suspiciously like rearranging the deck chairs on the Titanic to me?

__________________
" We have nothing to fear but the main stream media itself . . . ."- Adapted from Franklin D Roosevelt for the 21st century

OBK #55

1998 Lincoln Continental - Sold
Max 1984 300TD 285,000 miles - Sold
The Dee8gonator 1987 560SEC 196,000 miles - Sold
Orgasmatron - 2006 CLS500 90,000 miles
2002 C320 Wagon 122,000 miles
2016 AMG GTS 12,000 miles

Well you want to move towards the stern...

__________________
2006 CL500
1969 280SE
2023 Ram 1500
2026 Genesis GV70
2007 Tiara 3200