Skip to main content

Sat Sep 29, 2012 at 09:44 AM PDT

My LTE: It's the math, stupid!

by MyName

In my household, if we start a new activity that costs money, or buy something, there has to be an income source pay for it.  
One of the income sources for this country are taxes on capital gains, or money that is earned, not through labor, but from investments (i.e. people who already have money, earning more money).
From Wikipedia (my underlining added):
“In the United States, with certain exceptions, individuals and corporations pay income tax on the net total of all their capital gains. Short-term capital gains are taxed at a higher rate: the ordinary income tax rate. The tax rate for individuals on "long-term capital gains", which are gains on assets that have been held for over one year before being sold, is lower than the ordinary income tax rate, and in some tax brackets there is no tax due on such gains. The tax rate on long-term gains was reduced in 2003 from 20% to 15% (for individuals, whose highest tax bracket is 15% or more), or from 10% to 5% for individuals in the lowest two income tax brackets (whose highest tax bracket is less than 15%). The reduced 15% tax rate on eligible dividends and capital gains, previously scheduled to expire in 2008, was extended through 2010 as a result of the Tax Increase Prevention and Reconciliation Act signed into law by President Bush on May 17, 2006, which also reduced the 5% rate to 0%.[21] Toward the end of 2010, President Obama signed a law extending the reduced rate on eligible dividends until the end of 2012.”
In the same year that George Bush started the Iraqi war, on false pretenses, which he knew would be expensive, he decided to eliminate much needed revenue by enacting tax cuts, which, according to the Center on Budget Policy and Priorities, “Congressional Budget Office data show that the tax cuts have been the single largest contributor to the reemergence of substantial budget deficits in recent years.  Legislation enacted since 2001 added about $3.0 trillion to deficits between 2001 and 2007, with nearly half of this deterioration in the budget due to the tax cuts (about a third was due to increases in security spending, and about a sixth to increases in domestic spending). “
So, if we go back to the tax rates that were in place pre-Bush, we would get rid of half of the debt.  If people who earned money but didn’t work for it (the very definition of capital gains) paid the same income tax rate as those who worked for their money, we would in all likelihood remove our debt.
The tax breaks were sold to us under the pretense of the flourishing economy that they would provide.  Where is that flourishing economy?
This isn’t about Democrats or Republicans or Independents.  It’s about common sense and basic math.
Dena Jones
Grand Lake


Sun Apr 13, 2008 at 10:51 AM PDT

A small drop

by MyName

This LTE is but a small drop in the bucket towards addressing the issue of American ignorance.

But I live in a small conservative ski town in the Rockies.  If I can open up the thinking of just one of the closed-minded generation-indoctrinated rethugs that populate this county, then I will have done something.  Just a drop of something, but something:

One of the first things the Bush administration accomplished when they took office was to implement sweeping tax cuts, mainly for the wealthy.

Their reasoning behind this is "trickle-down" economics - the theory being that this money poured into the upper echelon of the economy would eventually trickle-down to the working class.

We have had 7 years to see if this is working.  So, what is the result?


Am I wasting my time?

22%5 votes
68%15 votes
9%2 votes

| 22 votes | Vote | Results

Continue Reading

Tue Mar 18, 2008 at 07:09 PM PDT

What do you think of this?

by MyName

In my inbox today (emphasis mine):

To view this e-mail as a Web page, go here.

Stop the Democrats $1.2 Trillion tax hike - Contribute Today

Dear Republican Supporter,

Last week NRSC Executive Director Scott Bensing contacted you regarding the latest Democrat budget -- and its real costs on American families. I've written before about the costs of a Democrat Senate majority and many of our supporters have responded with outrage over the direction the Democrats are trying to take our country. And they have a good reason to feel this way.

The Democrats are proposing to increase discretionary spending in Washington to more than $1 trillion. They plan to cover the costs of this new spending with another first in history -- a $1.2 trillion tax hike.

We must stop the Democrats!

more below the fold...

Continue Reading

Sat Jan 05, 2008 at 10:06 AM PST

Congratulations Canada! ...Mike Huckabee

by MyName

On preserving your national Igloo!

Aren't we smart?

Hail president Mulrooney!

Cut to the chase:

(Thanks to statsone...)



16%2 votes
0%0 votes
50%6 votes
8%1 votes
25%3 votes

| 12 votes | Vote | Results

Continue Reading

Sun Oct 21, 2007 at 08:39 AM PDT

Please help me stop this misinformation

by MyName

Hi, I live in a small mountain town in Colorado.  Our newspaper just was purchased by a larger company, and since that change, the newspaper's "editorials" have become increasingly disturbing.

The latest "editorial" which I've seen in the paper was also posted front-page on the "editorialists" blog.  Here are some excerpts:

Among the radical Islamists who were arrested before their plot to blow up ten airliners could eventuate, was a Muslim couple who intended to use their six-month-old baby as a means of hiding explosives in the child’s milk bottle. That raises the question: How do we deal with people so consumed with hatred for us that they would sacrifice their baby in that manner?

There's more, much more, and you can read if for yourself.  If you are anything like me, you will be dismayed at the hyberbole being printed as "fact" in this publication.

I wrote a letter in response, and I would greatly appreciate any advice from my fellow Kossacks to fine tune my response, which is below the fold.

Continue Reading

Sun Nov 05, 2006 at 11:42 PM PST

It's creepy from the inside...

by MyName

What can I say?  Watch the whole thing.   (The end is the weirdest part.) It starts out weird enough, but then, right when you think you've seen it all, ooooh, I can't... you have to watch it for yourself.  The kudos go to the Raw Story for everything they do, and for the part they play in so many of our diaries..

It gave me a chill to the bone.  I soooo wanted to believe that something so creepy could not exist on such a grand scale - blindness, pure blindness.

Our dear friend buhdydharma is definitely on to something.

After all, it's right there in the Bible:

Mark 13.22: "For false Christs and false prophets shall rise, and shall shew signs and wonders, to seduce, if it were possible, even the elect
Continue Reading
Update [2006-10-10 21:37:38 by MyName]:Changing my title, as the important thing is the Silverstein article... I wrote this to Drudge a bit ago (and I don't rely on them as a reliable source - just an occasional one):
I no longer consider DrudgeReport a reliable source of information, as you have blown your credibility with your misleading headline saying, "Reporter: 'Democratic operative' gave me Foley e-mails last May..." when the actual text of the article clearly states "the source was not working in concert with the national Democratic Party."

Shame on you!  You are in the same category of "news" as Fox, who has recently been listing Foley and other scandalized Republicans as Democratic... shame on you!

 Contrary to the misleading headline/link, this article to which he linked had some great quotes, such as this one (more below the fold):

The Republican leadership is lying when they claim that Democrats have engineered an "October Surprise"; there was never a plan undermine the G.O.P. or to destroy Hastert personally, as the speaker has vaingloriously suggested.  I know this with absolute certainty...

Continue Reading
Since when is it a crime to remove trash from a dumpster???  Has this country lost its mind? (That's rhetorical, of course - we all know it never had one, lol).  

Just a few miles down the road from me, some "hippies", I suppose, (since they were Rainbow clan) were hungry, and decided to eat some produce from a dumpster:

"We didn't have any intention of committing a crime or doing anything wrong," Charle told the Steamboat Pilot & Today newspaper. "We had just come in town and we were prepared to buy groceries from a store but everything was closed."



What do you think?

45%24 votes
0%0 votes
49%26 votes
5%3 votes

| 53 votes | Vote | Results

Continue Reading

Thu Jul 06, 2006 at 04:27 PM PDT

Ok, so this is what we're up against...

by MyName

I could never understand how some people could blindly support the president's selfish pecuniary policies.. after all, can't they see that he and Cheney's bunch are just using them?

What kind of people could possibly tolerate this regime's outlandish and blatantly criminal behavior?

Now I have seen.

This type of people:

From: Wayne
Subject: shame on you
Date: Wed, 12 Apr 2006 21:30:26 -0400

You will pay for your seditious activities. It is only a matter of
time...We are retired military snipers & we are watching you...

and people who speak and act like this:

From: Hermy Flenagin
Subject: Military
Date: Wed, 12 Apr 2006 07:24:54 -0700 (PDT)

Girls (and other assorted shitdicks),

My sincere hope is that a couple hundred of the local patriots take a
day off work for your next anarchist event, and come down to your
little shithole with some axe handles and bust your fucking heads.

Short of that, I certainly hope the Feds stop sending money to your
dicklicking junior college.


(more below the fold..)


Am I crazy?

35%12 votes
14%5 votes
50%17 votes

| 34 votes | Vote | Results

Continue Reading

Tue Apr 18, 2006 at 12:10 PM PDT


by MyName

The divine in me honors the divine in you.

For anyone that might be interested, that's about what namaste means.

I bid you all here on DailyKos "Namaste".  I'm taking a trip for awhile and will miss it here.

I was so overwhelmed by all the inherent goodness all over this blog today, and I am feeling sentimental before taking off...

This diary by wmtriallawyer made me laugh my butt off.

This diary was so touching, special and neat, I don't even have words.

This one has made me laugh so much I'm physically healthier for it!

I am so grateful for you all....

(more below the flip)

Continue Reading

Wed Apr 05, 2006 at 08:14 AM PDT

One tenth of one percent

by MyName

The percentage of the population that Bush actually cares about:

Americans with annual incomes of $1 million or more, about one-tenth of 1 percent of all taxpayers, reaped 43 percent of all the savings on investment taxes in 2003.

My emphasis added.

Un-freeking believable.  43 PERCENT!!!!  This makes me sick!

Oh, and so does the rest of the above paragraph:

By comparison, these same Americans received less than 10 percent of the savings from the other Bush tax cuts, which applied primarily to wages, though that share is expected to grow in coming years.

Oh, boo hoo.  These friends of King George only received 100 TIMES their share of the tax cuts in the past.  Boo hoo hoo hoo hoo.

This is the sickest, most blatant form of theft by our government, and it is happening right in plain sight!  Why does our stuporous population just stand by while they are robbed?  

Continue Reading
Okay, so this is the weirdest thing I have seen in a while.  
The White House is collecting wastewater samples to test for cocaine from a Virginia county's wastewater treatment plant.

Now, why does the White House want to know how much cocaine people in Virginia are doing?  Are they advancing the War on Drugs, while removing funding for it?  Or, are there other motives involved?

Journalist Gary Webb, who later "committed suicide" by shooting himself TWICE in the head, wrote a series of articles about the ties the CIA has to drug-smuggling cartels in Nicaragua and elsewhere.

From Wikipedia:

Continue Reading
You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.


Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site