"Obama's Dividend Assault - A plan to triple the tax rate would hurt all shareholders" ALL? --- I know MANY shareholders who do not qualify for Obama & company's idea of "rich"...Is Obama really out to preserve UN-rich "middle"?

What a phony article. Once again the wealthy, who derive much more benefit from the 15% capital gains tax rate, are working hard to convince you they are on your side.


since it would appear that the 'hike' for dividends would only apply to those with taxable income of over $100,000 most of us will not be affected. Certainly my grandmother never had that kind of money, nor do I expect that I will. Does no one here remember when qualified dividends didn't exist for anyone? It was not THAT long ago. I worked (and continue to work) a lot harder for the money that is taxed at my 'ordinary' rate than I ever did for the money that is the result of my investments. The money I have in ordinary CD's is taxed at my regular rate as are un-qualified dividends. Yes, it would be a minor hardship to pay taxes on those dividends, but I did it before and survived. But it appears to be money that our Country needs to survive, so why are we so reluctant to support the country that has been so good to us?

It really wasn't that long ago that qualified dividends didn't exist and everyone paid tax at their normal rate on all dividends, just like on ordinary interest and distributions from pension plans as well at their earned income. I think the plan to remove that tax break for wealthier people is not a bad idea. I work a lot harder for my 'earned' income than I do for my 'unearned' income (and I worked just as hard for the money I saved in my retirement plan). Nobody wants to give me a break on that. Why should I get a break because I chose to invest it in the stock market instead of in a CD?

What others see plainly, we often are blind to or just ignore.

When I was about 9 years old, I remember asking my dad about Castro. I asked, "Is Castro a good guy or bad?"

Dad said...he couldn't tell!! This was about 1955. We were living in Louisiana at the time. Dad was in the Army and stationed there.

Cuba was fairly close and in the news a lot. The Cubans were asking the same question! Ike was president.

This past July 4th, we had the pleasure of sharing a summer barbecue with a refugee from Cuba . Our dinner conversation was starkly different from most.

This refugee came to the United States as a young boy in the early 1960's. His family was more fortunate than most, as they were able to bring a suitcase and $100 when they fled Castro's newly formed revolutionary paradise.

Our dinner consisted of all-American fare: hamburgers, potato salad, fresh ears of sweet corn and watermelon. This is a menu shared with family and friends nationwide...while celebrating the birth of our beloved America ...on the Fourth of July.

We began with a simple discussion about our country, and the direction it has taken since Barack Obama came to power. We shared the usual complaints about the sour economy and liberal social engineering emanating from the rulers in Washington .

But then he said it. The sentence flowed naturally from our refugee guest. I assume it was unplanned. But it carried the weight of a freight train. "You know when Castro took power, none of us knew he was a Communist."

We sat stunned. He continued, "Yes, we all thought he was a patriot, a nationalist. Before the revolution, he didn't sound like a radical."

The comparison at this point was easy, and I interjected, "You mean just like Barack Obama?"

He responded; "Yes, just like Barack Obama." He continued, "We were all shocked as the government just continued to grab more power. First they said the revolution is over, so please turn in your guns. We all complied."

I also remember my uncle saying; “ Castro will only nationalize some of the big industries. He will never come and take our family hardware store!!” But that is exactly what happened. Castro started with the sugar mills and the large industries, but they eventually came and knocked on the door of our family hardware store. My family had run this store for generations. They said we now own the hardware store, you work for us. And that four-bedroom home you own...it is now our property, too. You have to move yourself and the five children into those two rooms of the house, because others are moving in here
with you."

The lesson learned from this discussion is a lesson most Americans refuse to hear. Political leaders can lie about their agenda and, once in office, they can take totally unexpected turns.

If you had asked us three years ago if we thought General Motors or Chrysler would be nationalized, we would have never believed it. We could never contemplate a country where the rule of law, the most fundamental building block of a justice society...would be evaporating, just like it did in Castro's Cuba in the early 1960's.

But the news of injustice keeps increasing; Black Panthers are not charged with wrong doing by the U.S. Department of Justice, because their crimes are against whites; the bond holders of GM are stripped of their assets, without being given due process by the government; car dealerships are closed without due process; governmental leaders are bribed in full daylight, only to have all investigation of the crimes stifled ... by the Attorney General; the U.S. borders are overrun with crime and illegal activity, and the leaders in D.C. act as if it is important to protect the lawbreakers, while the innocent are killed and overrun; when local communities attempt to enforce the law, they are ridiculed, and threatened as racists and bigots. They are sued by the very administration entrusted with enforcing the law .

Without the rule of law, the U.S. Constitution is a sham!! Without the rule of law, our beloved America is swiftly becoming a country where only the well-connected and politically powerful will be safe. As an author recently and so eloquently explained in her most recent book... "a culture of corruption has replaced honest government" (Michelle Malkin) .

The only way this problem will be fixed is by massive citizen action. All honest citizens that want to be treated equally must come together and demand that the favoritism, the bribes, the uneven enforcement of law end now!! And yes, it can happen if we all pull together.

PLEASE SEND THIS TO EVERYONE YOU KNOW!! And...may God save the United States of America ! *

*...the very least you can do is forward this email. Six million plus Jews didn't believe it could happen in Germany either!!! If you're a Christian in these United States of America , you're probably next on the list. History bears that out. The real problem here is, the boy from Cuba did manage to make it to the U.S. Today he and we will not have any place to escape to...except death! And, for the most part...even though I'm forwarding this to you, probably less then 10 will even read it completely, let alone forward on to others. AS A COUNTRY, HAVE WE BECOME THIS COMPLACENT? WILL YOU JUST TURN YOUR BACK AND LIVE WITH THE CONSEQUENCES? I HOPE NOT... YOU KNOW I DIDN'T, BECAUSE YOU'RE READING THIS, AND NOW I HOPE AND PRAY YOU DO FORWARD IT.

lol Will a plan to so-called "triple" the tax rate would hurt all shareholders? No. Only a of TOTAL of 12.2% of the bottom 90 percent of Americans have investment assets. However, a 49.7% of TOTAL investment assets is in the top 1 percent and about 38.1% of total TOTAL investment assets is in the Next 9 percent. Income inequality in the US is a problem.

In terms of types of financial wealth, the top one percent of households have 38.3% of all privately held stock, 60.6% of financial securities, and 62.4% of business equity. The top 10% have 80% to 90% of stocks, bonds, trust funds, and business equity, and over 75% of non-home real estate. Since financial wealth is what counts as far as the control of income-producing assets, we can say that just 10% of the people own the United States of America.
the average income of the top 400 tripled during the Clinton Administration and doubled during the first seven years of the Bush Administration. So by 2007, the top 400 averaged $344.8 million per person, up 31% from an average of $263.3 million just one year earlier.

How are these huge gains possible for the top 400? It's due to cuts in the tax rates on capital gains and dividends, which were down to a mere 15% in 2007 thanks to the tax cuts proposed by the Bush Administration and passed by Congress in 2003. Since almost 75% of the income for the top 400 comes from capital gains and dividends, it's not hard to see why tax cuts on income sources available to only a tiny percent of Americans mattered greatly for the high-earning few. Overall, the effective tax rate on high incomes fell by 7% during the Clinton presidency and 6% in the Bush era, so the top 400 had a tax rate of 20% or less in 2007, far lower than the marginal tax rate of 35% that the highest income earners (over $372,650) supposedly pay. It's also worth noting that only the first $106,800 of a person's income is taxed for Social Security purposes (as of 2010), so it would clearly be a boon to the Social Security Fund if everyone -- not just those making less than $106,800 -- paid the Social Security tax on their full incomes.



Will a plan to so-called "triple" the tax rate would hurt all shareholders? No. And Too bad for them because Thanks to this do-nothing Congress, ALL the Bush tax cuts will expire January 2013.

http://www2.ucsc.edu/whorules...

A person's pension or 40lk has nothing to do with dividends, Sherlock.

"...if one makes too much money or their pension will prohibit them from ever collecting Social Security..."

what the hell are talking about? lol.

"Why should the Federal govt. get a dime in inheritance taxes?"

'cause it's the fair thing to do. It's not earned income. . You pay tax at the ordinary income rate when you make withdrawals from your 401k...even if you are 95 years old.
Why not levy an inheritance tax too? Its just too bad we peasants can't get the 15% tax rate on the capital gains portion of our 401k withdrawals. instead we are taxed at 35 percent.I the taxes on 401K withdrawals is designed to screw us into leaving our money in "for the long run" so when the rich and powerful manipulate the markets, our 401K money is there for them to have their profit taking sessions.


I fail to understand why investment income should be taxes at a lower rate than wages. You can make all the failed economic arguments you want, but there is something morally and econmically wrong with millionaires paying less than 15% taxes while my effective rate is 20% or higher as a school teacher. People who WORK for a living ought to pay less than people who INVEST for a living. Please don't tell me this is just an issue of "class envy." It is a MORAL issue, a PRACTICAL issue, and a FAIRNESS issue. Romney

"What right does the govt have to 55% of one's lifetime accomplishments?"

Citations? When you make up numbers out of thin air make sure you cite the lies, ok? I see NONE. yet you want to point out that I didn't cite my info.

Well let's see.... do you comprehend what happens when a govt increases taxes on those who are providing the vast majority of the taxes collected?
They take their businesses over-seas and those who make their profits through investments alone, move abroad (maintaining their residence here) and cease paying taxes in the U.S. period.

Where do you expect to collect enough to pay the 70% of Federal dollars going out to various forms of social programs & welfare every year? You do understand that if the top contributors can keep their investments and merely change their address that every single one of those programs collapse ..... correct?

How is their paying taxes to a foreign country instead of sending them to Uncle Sam going to benefit anyone? They don't care where they make their money, only that they will send their tax dollars to wherever they get the best deal.
You think that Richard Branson is paying a dime in taxes here, yet makes a fortune from all the various Virgin companies that operate within the U.S.?

How did we possibly survive as a nation before 1933? Must have been a lot of starving dead bodies lying in the streets and people just dropping like flies because they weren't receiving those gubmint checks. Funny, I can't find any of that in any history books. Ya know.... the :"bring out your dead wagons".

We have 48% of people paying not one cent in Federal taxes, many are actually getting checks for free, and they can live better off of $32,000 in govt subsidies, than someone who works for a living and is under the average median income.

WTF is wrong with that picture? Take your fairness and kindly shove it.
Yeah, people who have paid into SS all their lives don't see a dime back when their pension exceeds what their FAIR SHARE should have been. They still paid the money in.... capice?

And yes, under current law, the estate (inheritance/death) tax is scheduled to go to 55% on Jan. 1, 2013. I'll bet Steinbrenner's family is ecstatic that he kicked the bucket when he did.

http://wills.about.com/od/und...