Will Obama help or hurt Fractionals

[gutshotdraw]

Like you said blueridge, don't confuse them with the facts.

BTW, latest Gallup poll: Obama 50% McCain 44%

The electoral map based on in-state polling looks more like OBummer every day.

 

[RNObased]

Palin is a business owner, a former mayor, and a state governor. She is a self-made and very intelligent woman. Instead of celebrating a victory for their gender, radical feminists are instead saying she is not a "real woman."

You didn't mention HOT, I'm going to get my wife a pair of those glasses that Palin wears.

Man, my mind is in the gutter.

 

[jetwash]

http://taxprof.typepad.com/taxprof_blog/2008/06/effect-of-obama.html

The success of Fractionals depends on small business owners and individuals who make well over $250,000 of income per year. Will fractional owners cut expenses, like our jobs, to keep their overall take home pay the same as under Bush's tax plan.

I'm curious to hear what some of you guys/gals think about this. Will it help us or hurt us as Pilots?

To get back to the first question.


A friend of mine, a small business owner making well over the $250K per year said he will pay more in personal income tax under Obama rather then McCain. However if Obama get in and helps out the "little people" (his customers) they will then spend more money in his stores and he will make 10 times the money then he would have saved with McCain.

So it come down to "trickle down" or "trickle up" economics.

I would rather have the money in my hands and then spend it so that it can "trickle up" rather then wait and hope that someone else spends it so that it might "trickle down" to me.

 

[Sparse]

To get back to the first question.


A friend of mine, a small business owner making well over the $250K per year said he will pay more in personal income tax under Obama rather then McCain. However if Obama get in and helps out the "little people" (his customers) they will then spend more money in his stores and he will make 10 times the money then he would have saved with McCain.

So it come down to "trickle down" or "trickle up" economics.

I would rather have the money in my hands and then spend it so that it can "trickle up" rather then wait and hope that someone else spends it so that it might "trickle down" to me.

Really?? So that job flying that private jet didn't trickle down to you? RIch people create the jobs. They do it with capital investment. They rely on capital gains taxes to reduce the risk. Rich people also spend the money they make on expensive items such as Private Jets. So if the capital gains tax goes away and the money is taken from there hands and put you little hands, how long will it be before those little hands don't have a job. I love rich people. They pay my salary. I don't ever recall hauling any poor people around on these private jets. Barama claims he will give 95% of Americans a tax break. He never says how much.

 

[jetwash]

Really?? So that job flying that private jet didn't trickle down to you?

It trickled down to me after consumers purchased items from the businesses the rich folks own. If the rich folks didn't have the "little people" as customers they would not have earned a profit from them to buy their aircraft.

If the customers are not spending; buying your products then tax breaks mean nothing since you will not have any income.



Barama claims he will give 95% of Americans a tax break. He never says how much.

Use the calculator link to figure out your own tax break. (unless you are earning more then $250,000/year)

http://obamataxcut.com/


The rich folk will vote for what is in their best interest.

I too will vote for what is in my best interest.

Only the fools will vote for race, gender or religion rather then the issues.

 

[Fozzy]

Only the fools will vote for race, gender or religion rather then the issues.

I always love those statements.

Anyways, I am voting for the chick.

Well maybe not, Barr maybe my man.

 

[Sparse]

Only the fools will vote for race, gender or religion rather then the issues.

Obama will get 95% plus of the black vote. I wonder how many of them are voting on the issues.

By the way, the calculator doesn't figure how much I will pay with out the capital gains tax which is available to all Americans. That is my largest complaint about Obama's tax plan.

 

[jetwash]

Obama will get 95% plus of the black vote. I wonder how many of them are voting on the issues.


I agree, fools come in all colors, genders and religions.





By the way, the calculator doesn't figure how much I will pay with out the capital gains tax which is available to all Americans. That is my largest complaint about Obama's tax plan.

Here is the link I was looking for


http://alchemytoday.com/obamataxcut/details.html

If you are married"

http://www.taxpolicycenter.org/numbers/displayatab.cfm?Docid=1976&DocTypeID=7

 

[Fozzy]

Obama will get 95% plus of the black vote. I wonder how many of them are voting on the issues.

But that is different. :erm:

 

[Sparse]

Use the calculator link to figure out your own tax break. (unless you are earning more then $250,000/year)

http://obamataxcut.com/

I used the calculator and found something very interesting. I will have an AGI roughly 5.7 times that of my school teacher daughter. My tax cut however will be over twelve times what she will get. How does that work? It's good for me but is it really fair for her?

Not to belabor the point but the Omnibus Budget Reconciliation Act of 1990, placed taxes on luxury items such as expensive boats, cars, planes, jewelry, and furs. Florida, the largest boat manufactoring state, saw the loss of 5000 of the 18000 sector jobs, as a direct effect of this tax. This by the way was under GHWB and a Democratic controlled congress. It was a factor in the Republican's contract with America revolution in 1994.

 

[Voice Of Reason]

I wonder why the media is getting so scared that now that it is clear their man may not win, they have to pull the race card against a few whites they CLAIM won't vote for Obama because he's black? Funny they don't point out the 95% of blacks not voting for McCain because he's white and they have a black option (note: 95% of blacks are NOT all liberal, so explain that). Nevermind the two have polar opposite political stances and people won't vote for Obama because he's an extremist liberal, NOT because of his race.

 

[cougar12]

No Obama

Obama will be bad for the fractionals and all of the country! He is going to have the federal government fix all the problems with tax money from the rich, ya-right. They can afford the high price accountants and find a way not to pay, then he will have to get it from us. Some how, we will end up footing the bill. The lead Democrats in Washington are complete Idiots.

 

[wacoflyr]

Cougar,

Bravo! What a deep, inciteful reply. I especially like how you backed up your statements with well researched facts and figures. The depth of your argument is truly impressive.
Obama would never have a chance in a debate against such an intelligent republican as you. In fact, I would venture to say that your argument is a perfect reflection of the entire republican position!
It is clear that you would make an excellent political analyst. Perhaps you should leave flying and go to work for one of our many impartial news agencies, such as, say, Fox news? You could have a great career there. Or, dare I say it, perhaps you should seek political office! There is many a village in search of an idiot. You would fit right in.


Wacoflyr

 

[Voice Of Reason]

Perhaps you should leave flying and go to work for one of our many impartial news agencies, such as, say, Fox news? You could have a great career there.

Wacoflyr

I wonder why you singled out Fox News and not CNN or MSNBC? I guess blatant impartiality is ok as long is it is what YOU want to hear....

 

[wacoflyr]

Blatant impartiality? Are you sure that is what you meant to say? Nevertheless, I see your point. Many news outlets favor one side of politics or the other. I merely picked one that is far, far more yellow than most.
Given the current news landscape, it would be very difficult to pick an "impartial" news outlet. Perhaps that is something we can agree on.

Wacoflyr