Berkeley CSUA MOTD:Entry 54521
Berkeley CSUA MOTD
2022/01/18 [General] UID:1000 Activity:popular

2012/11/5-12/4 [Politics/Domestic/Election, Reference/Tax] UID:54521 Activity:nil
11/5    "Tax Policy Center in Spotlight for Its Romney Study": (
        'A small nonpartisan research center operated by professed "geeks" ...
        found, in short, that Mr. Romney could not keep all of the promises he
        had made on individual tax reform ....  It concluded that Mr. Romney's
        plan, on its face, would cut taxes for rich families and raise them
        for everyone else.'
        I guess Obama is right when he said during the debate that Romney's
        plan is "mathematically impossible".
2022/01/18 [General] UID:1000 Activity:popular

You may also be interested in these entries...
2013/6/13-8/13 [Politics/Foreign/Asia/China, Politics/Foreign/MiddleEast] UID:54693 Activity:nil
6/13    NSA NSA NSA!!!
        \_ I am shocked, *SHOCKED* that the NSA spies on foreign and US
           citizens and foreign governments. This Snowden guy must have
           been born yesterday to think he is revealing anything of import.
           \_ Most people seem to have been surprised by this.
2013/3/16-5/10 [Politics/Domestic/Election] UID:54629 Activity:nil
3/16    Obama has lowered overall per-capita government spending:
2013/2/18-3/26 [Politics/Domestic/Election, Politics/Domestic/SIG] UID:54608 Activity:nil
2/18    F U NRA: (Sandy Hook Truthers)
           This shit makes me weep for America.
        \_ I didn't see any mention of the NRA on that page.  Did you mean "FU
           Crazy Conspiracy Theorists?"  Or do you have this really great
2012/12/18-2013/1/9 [Politics/Domestic/SIG] UID:54562 Activity:nil
12/18   "NRA member Sen. Manchin says Newtown shooting should open assault
        weapons debate"
        '"The massacre of so many innocent children has changed -- has changed
        America. We've never seen this happen,"'  Was this guy in a cave during
        the Columbine High massacre?
        \_ Don't keep your hopes high, though.  It'll just be same-o same-o.
2012/11/6-12/18 [Politics/Domestic/California, Politics/Domestic/Election] UID:54524 Activity:nil
11/6    Four more years!
        \_ Yay! I look forward to 4 more years of doing absolutely nothing.
           It's a much better outcome than the alternative, which is 4 years
           of regress.
           \_ Can't argue with that.
        \_ Massachusetts went for Obama even though Mitt Romney was its
2012/12/5-18 [Politics/Domestic/Election] UID:54548 Activity:nil
12/5    Romney is right after all -- our military does need more horses and
        bayonets!  Romney for 2012!
        \_ I'd never considered Romney's campaign as an ad for Revolution,
           but I guess that makes as much sense anything else.
        \_ The tax cut removal is ill timed.
        \_ holy crap. This is scary. US troops are most vulnerable as it is
2012/10/16-12/4 [Politics/Domestic/Election] UID:54502 Activity:nil
10/16   Cheat sheet for those who plan to watch tonight's debate:
        "What Romney and Obama will say at the debate, and what's the truth" (
           Pretty much all you need to know.
2012/10/17-12/4 [Politics/Domestic/California, Politics/Domestic/Election] UID:54503 Activity:nil
10/17   This is how election photo ops are created. (
        \_ "Soup kitchen in Ryan photo op losing donors"
           Thank you Ryan!  Thank you very much!
2012/10/19-12/4 [Politics/Domestic/Election] UID:54508 Activity:nil
10/19   Obama had Solyndra LLC, and now Roomey has Renewable Energy Development
2012/10/19-12/4 [Politics/Domestic/HateGroups, Politics/Domestic/Election] UID:54509 Activity:nil
10/19   Do you think Obama will have to send in troops to put down rioting
        Southern Whites after the election?
        \_ south = stupid
2013/9/2-11/7 [Reference/Tax] UID:54736 Activity:nil
9/2     I'm young, and stupid. Does the IRS want reporting on 401K, IRA,
        Roth 401k/IRA? I am decades from retiring, and no plan to withdraw
        anything. But, I just realized that I haven't reported any of my
        retirement plans to IRS for several years, now wondering if I'm
        in big shit...
        \_ The account custodian (bank/brokerage/mutual fund) reports it to
2012/3/5-26 [Reference/Tax] UID:54327 Activity:nil
3/5     My dad is retired and has no income. My income tax bracket is
        pretty high. If I open up a joint high interest CD account with
        him and the INT-1099 comes, is it possible to file it under him
        100% to take advantage of the lower tax?
        \_ IRS says the interest is allocated according to who allocated
           the assets. Do you think it will generate enough interest to
2012/3/7-26 [Reference/Tax] UID:54331 Activity:nil
3/7     "Michigan woman still collecting food stamps after winning $1 million
        lottery" (
        `"I feel that it's OK because I mean, I have no income and I have
        bills to pay," she said. "I have two houses."'
        \_ My first reaction was pretty hostile to her, but then, I
2011/4/17-7/30 [Politics/Domestic/California, Reference/Tax] UID:54087 Activity:nil
        "The super rich pay a lot less taxes than they did a couple of decades
        ago, and nearly half of U.S. households pay no income taxes at all."
        And people are still complaining about taxes being too high.
        \_ yeah but only 3 out of the 5 people who aren't rich but complain
           are actually counted.
2010/11/19-2011/1/13 [Politics/Domestic/California, Reference/Tax] UID:53989 Activity:nil
11/19   "Millionaires to Obama: Tax us" - Yahoo! News:
        \_ People to Millionaires:  "You can submit as much tax as you like!"
           \_why pay more into SS if you are getting the same out of it as the other guy?
             \_ Your reading comprehension sucks.  If they want to be taxed
Cache (8192 bytes) ->
New York Times By ANNIE LOWREY | New York Times - Thu, Oct 25, 2012 1:36 PM EDT * Donald Marron, the Tax Policy Center's director, contends that the nonprofit group provides reliable, nonpartisan information. New York Times/Daniel Rosenbaum - Donald Marron, the Tax Policy Center's director, contends that the nonprofit group provides reliable, nonpartisan information. all of the promises he had made on individual tax reform: including cutting marginal tax rates by 20 percent, keeping protections for investment income, not widening the deficit and not increasing the tax burden on the poor or middle class. It concluded that Mr Romney's plan, on its face, would cut taxes for rich families and raise them for everyone else. The detailed paper proved kindling for a political firestorm. "garbage-in, garbage-out" analysis and his campaign accused it of partisan bias. The Obama campaign used the center's numbers to argue that Mr Romney had proposed a $5 trillion tax cut. Economists jumped on the bandwagon too, flinging analyses back and forth and picking apart the projections and assumptions in the report. At the Tax Policy Center itself, responses ranged from irritation at the partisan nature of some attacks to incredulity over the political hysteria. "There was this rsum-hunting, White-House-visitor-log" searching feel to the response, said the center's director, Donald Marron, a former Bush administration economist. In many ways the report did just what the center was created to do: inject some solid numbers into a shifty, accusatory, raucous political debate. The decade-old center -- a joint project of the Brookings Institution and the Urban Institute, two nonpartisan grandes dames of the Washington world -- was founded precisely to "fill that niche," Mr Marron said. "A lot of tax policy discussions are -- how to describe them? "We believe that good information leads to better policy discussions and ultimately better policy outcomes." The center's claim to provide reliable, nonpartisan information comes in part from its staff makeup. It has about four dozen affiliated staff members and scholars -- most are economists, several are considered top experts in their fields, and a number have experience in either Republican or Democratic administrations. highly sophisticated tax modeling system, one that took about two years to build and has a small coterie of specialists to tend it. The model resembles those used by government offices to forecast the effect of changes to the tax code, and it relies on about 150,000 anonymous tax returns and a wealth of data on pensions, education, consumer expenditures and economic growth. "They're one of the few groups that have this very big, very accurate model," said Martin A Sullivan, the chief economist and a contributing editor at Tax Analysts, a specialty publisher. "What they're doing is just making the best computations available" for others to interpret, he said. That includes so-called distributional analyses that show how changes to the tax code would change the relative burden on high-income and low-income families -- a dry tax topic yet one of the most politically potent ones of the campaign, given the broader debate about tax fairness and inequality. The analysis of the Romney proposal has proved highly controversial not just among politicians, but also among some economists. Harvey S Rosen of Princeton have argued that Mr Romney's tax math might work if he raised taxes on families making more than $100,000 a year -- not $200,000 to $250,000 a year, as he currently promises -- or if his plan gave a strong jolt to economic growth. "Reasonable economists disagree on" the growth effects of plans like Mr Romney's, said Alan J Auerbach, a tax expert at the University of California, Berkeley, who added that he did not see the math working out as currently described. "It matters a lot what kind of reductions you're making or how you're paying for tax cuts." Others have argued that the Tax Policy Center filled in too many of the holes in Mr Romney's light-on-detail proposal -- making a full analysis impossible and skewing the center's paper's results. "It is not an analysis of Governor Romney's plan," said Scott A Hodge, the president of the Tax Foundation. "It has been, I think, mislabeled as such and misinterpreted as such. We don't think there are enough details to analyze," he said, adding that he believed that it was possible to devise a distributionally neutral, revenue neutral tax reform that cut rates in the way Mr Romney described. The Tax Policy Center said that it had sought as many details as possible from the Romney campaign. "We wrote a technical, accurate paper given the available information," said William G Gale of the Brookings Institution, one of the paper's main authors, in a recent interview. "The criticism that you can't analyze the Romney tax plan because there isn't one? That hasn't stopped other economists from analyzing its growth effects. I like to have substantive discussions about tax policy. Many economists across the political spectrum have said they found the report's conclusions convincing, like Alan D Viard, a tax expert at the right-of-center American Enterprise Institute. And I welcome Governor Romney and the Republicans' strong push, but the plan doesn't work out. Portfolios * CAPTION: Recent Quotes Symbol Price Change % Chg Chart Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module. You need to enable your browser cookies to view your most recent quotes. Just a normal woman o 3 days ago This study isn't telling anyone with brains what we didn't already know. Fact is, no president can ever keep all of their campaign promises. A president certainly can't if he has a congress who hates their president more than they love their country. J A o 11 days ago @a number have experience in either Republican or Democratic administrations. It takes more than just an equal number of Democrats and Republicans to achieve non-partisanship. These Democrats and Republicans must be willing to put the public's interest ahead of their party's interest and they must both be willing to work with the 1/3 of the country that is neither Democrat nor Republican. dapeck o 2 days 15 hours ago anybody who thinks that we will see many of these promises by either of these 2 presidential candidates actually occur are drastically kidding themselves. i have watched presidents come and go in my lifetime and i have learned to take what they say with a grain of salt as most of it will never be brought up again after the election. politicians are very well known and versed in saying whatever the potential voter wants to hear. my first couple of elections i participated in, i believed, but that quickly changed. i have also noted very little difference in political parties actions once they are voted in. in fact its hard to tell what party is in power most of the time as they think and act so much alike once the election is over. Eric o 11 days ago "I like to have substantive discussions about tax policy. He forgot that in politics, no one is interested in making policy based on the best model - they simply want to find ANY model that supports the policy they already wanted in the first place. Daniel S o 11 days ago I am not a fan of increased govt spending by either parties - and yes, both very much do it. But this belief that you can somehow cut taxes without cutting govt spending to match and not the deficit has got to go. o 3 days ago Romney will cut the taxes for members of the Mormon Church so they can tithe more to its tax free investment fund which it uses to manipulate political contests around the country. The end game is political and theocratic control of the United States. WilliamH o 11 days ago I think the larger issue here is that with all of the experts and massive computer programs there is disagreement over what this plan will actually do. This should be a clear indication the the tax code is too large and too complicated and rather than trying to change a piece of trash, we need to throw it out an...
Cache (674 bytes)
Oil at $41 All-Time High on Supply Fear Fri 4:08am ET - Reuters Oil prices hit an all-time record on Friday fueled by global economic growth and enduring worries that gasoline supplies will struggle to meet peak summer demand in the United States. No Time is the Right Time for Sub-Prime by Suze Orman My bet is that if your doctor tells you to scale back on the saturated fat to avoid a life-threatening heart disease, you're probably going to listen. Well, for the next few minutes, I am your financial doctor. To Select Great Stocks, Home In On High EPS Ratings Investor's Business Daily Decades of research show earnings power is the biggest factor in a stock's success.