I know some just deal with what is becomes law, but here's a Deloitte white paper take on the election and possible ways tax might play out.
FWIW
FWIW
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Obama is a Marxist
McCain has become a semi-leftist psuedo-socialist
Biden is a gaffe prone career Senator from a tiny, but corporate friendly, NE state
Palin was mayor of a town with less than 10,000 people and governor of a state with less people than half the major CITIES in the US
Is this really the best we had to offer this year???!!!
Obama and his cronies continue to say that "no one who MAKES more than $200,000 ($250,000 for MJF) will see a tax increase". When pressed on the definition of "MAKES" Obama escapes the question. But, one of his top advisors was asked whether this was Taxable Income or AGI. The advisor clearly said AGI. How do you tax somebody based upon AGI???!!!! I can have an AGI of $250,001 and easily get my Taxable Income to $150,000 or lower. So, not only will the "rich" (over $250k) get a tax increase but many "middle income" ($100k-$250k) families see a tax increase. And don't even get me started on thier imputed income ideas (google it). -
So Josh
When will you be moving to Mexico?Comment
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I actually found a couple of nice properties
online to go look at. I have told several clients they may be faxing their docs to me.Comment
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I thought the election was over....
I believe somebody on the board said this before, proposals are just what they are proposals. Since the Dems will not have control of the Senate, they will have to be some compromising with the Repubs. If he does plan to lower taxes on taxpayers making less then 6 figures taxable income, most of my clients will benefit.
Remember, another mans loss is another mans gains. I am yet to locate an exception to this rule.
In about 8 years the Repubs will probably get back in and raise these same taxpayers taxes but its hard to take something away from the majority of Americans. Plus, the Repubs need to re group.Comment
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Originally posted by AZ-Tax View Post
Mid-term elections are in two years!
If the economy still is stinking by then, there will be a main change in the party in control.
Obama and the Democrats do not have 4 or 8 years, they have 2 years!Jiggers, EAComment
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That's a big if though. Traditionally after a big hit on the stock market you end up going into recovery. It happened after the 2000 stock market crash for example and many others. It really has nothing to do with who is president, though the president often gets the praise or the blame.Originally posted by Jiggers View Post
If we follow the historical trend then the stock market is likely to be recovering for the first two years of Obama's term. He'll be able to point to the abysmal low when he took office and the recovery (but probably not as high as it was originally) and say "Look what I've done!" despite the fact he really had nothing to do with it.
So the country potentially has 2 years of great economic growth that has nothing to do with president. I wouldn't be surprised if the economic recovery obtains Obama a reelection in 2004. I think you need him to screw up really big in order to not get reelected.Comment
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David probably has it pegged..
Today with more and more employers offering 401k's (and those that are laid off hopefully rolled over their 401k into an IRA) so many investment advisors recommending them, more of the % of taxpayers now have a stake in the stock market and yes the stock market sets the tone for our economy regardless what anyone else tells you. I wrote on my calendar in Nov of 2004 when those 2 Beltway boys on Fox said if Kerry was elected, the stock market would go down and they probably were not the only pundits that said that. I wish I had a job where I was paid easilly 6 figures to be wrong on my predictions most of the time. http://finance.yahoo.com/q/bc?s=%5EDJI&t=5yOriginally posted by David1980 View PostComment
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