DJIA up sharply, anticipating Obama victory

On 4 Nov 2008 22:42:17 GMT, Scott Seidman
wrote:

I suspect that if this comes to be, in four years you'll be saving more
money on pharmaceuticals alone than you'll be losing in any tax increases.

My pharmaceuticals cost me very little, Scott. My taxes are horrific.
This, afterall, *is* the Commonwealth of Massachusetts where you pay
an income tax, a sales tax, a property tax, an excise tax (on your
automobiles every year - it's supposed to pay for roads/bridges -
riiiiiiight. And, since I am more than 70 1/2, I have to remove a
certain percentage of my 401K each year even tho I do not want to or
need to. The taxes on that are horrific and I expect will get worse.
So much for saving for my old age. Obama's intended increase in
capital gains will hit *everyone* very hard.

Dave

Dave LaCourse wrote in
:

Obama's intended increase in
capital gains will hit *everyone* very hard.



http://www.barackobama.com/pdf/taxes...Plan_FINAL.pdf

" Capital Gains: Families with incomes below $250,000 will continue to
pay the capital gains rates
that they pay today. For those in the top two income tax brackets –
likewise adjusted to affect only
families over $250,000 – Obama will create a new top capital gains rate
of 20 percent. Obama’s 20%
rate is equal is the lowest rate that existed in the 1990s and the rate
that President Bush proposed in
2001. It is almost a third lower than the rate that President Reagan
signed into law in 1986.vii"

--
Scott
Reverse name to reply

On 4 Nov 2008 23:04:29 GMT, Scott Seidman wrote:

Dave LaCourse wrote in
:

Obama's intended increase in
capital gains will hit *everyone* very hard.



http://www.barackobama.com/pdf/taxes...Plan_FINAL.pdf

" Capital Gains: Families with incomes below $250,000 will continue to
pay the capital gains rates that they pay today. For those in the top two income
tax brackets likewise adjusted to affect only families over $250,000
Obama will create a new top capital gains rate of 20 percent. Obama’s 20%
rate is equal is the lowest rate that existed in the 1990s and the rate
that President Bush proposed in 2001. It is almost a third lower than the rate
that President Reagan signed into law in 1986.vii"

And as for his constant whining about Massachusetts taxes:

o Massachusetts' state/local tax burden percentage ranks 23rd nationally,
just below the national average of 9.7%. Massachusetts taxpayers pay $5,377
per capita in state and local taxes. Massachusetts has dropped 17 places in
the rankings since 1977 by imposing a property tax limitation and keeping a
lid on its personal income tax rate, living down its "Taxachusetts" nickname.

o Massachusetts' personal income tax system consists of a flat rate of 5.3%
on most personal income, which ranks 32nd highest nationally.

o Massachusetts ranks 34th in the Tax Foundation's State Business Tax
Climate Index.

o Massachusetts levies a 5% general sales or use tax on consumers, slightly
below the national median of 5.4 percent. State and local governments combined
collect approximately $923 per capita in sales taxes, ranking 45th highest
nationally.

o Massachusetts' gasoline tax stands at 23.5 cents per gallon, which ranks
26th highest nationally.

o Massachusetts' cigarette tax stands at $1.51 per pack of twenty, ranking
15th highest in the nation.

/daytripper (that ought to make his head explode ;-)

On Tue, 04 Nov 2008 17:37:28 -0500, Dave LaCourse
wrote:

On Tue, 4 Nov 2008 13:53:27 -0800 (PST), DaveS
wrote:

Actually I think with the Democrats in power, with their superior
policies, prosperity is just around the corner.

Riiiiight. what the hell do you think we've had for the last 8 years.
Sure seems like prosperity to me. Doin' real well, David. Remember,
pay those taxes. Gotta get my Navy pay AND by SS pay from you dumb
libbers. d;o)

How's it grab your ass David that both Bush and Cheney will be making
more money than you *until they die*. Now THAT is funny.

I always try to look on the bright side, David. If Obama wins I will
have my wife home with me every day. We'll be able to do things
together. She'll be able to join me in Chile or Alaska. No more
travels to NJ. No more getting up early. And, if Obama wins, I won't
have to go on suicide watch in the town just north of me. PLUS, I
won't have to worry about Fortenberry in my driveway tomorrow morning
with his chicken**** 4 iron. d;o(

Dave (who could live with just about anyone as postus)

Dave
Hoping he doesn't have to go on suicide watch tonight........ sigh....

"I love this country dearly. I hope and pray for her prosperity and
safety. I hope and pray that the discord, the disharmony of the last
eight years will end. I have never experienced as much hate from my
fellow citizens except when in uniform during the 60s."

What goes around comes around, yes?

/daytripper

On Nov 4, 4:21 pm, wrote:

We should all pray that those elected will be up to the task and
will honorably attack the great challenges ahead. If they don't, if it
ends up as petty politics as usual, or worse, then God help us all...

If our own resident right wing hack is any indication, I expect
more of the same pettiness.

Hell, Dave L. still hasn't gotten over the fact that Bill Klinton
won ... *twice*.

And then there was his recent inspirational missive:

If Obama wins, the nastiness will *really* begin.


Chuck Vance

Dave LaCourse wrote:

On Tue, 4 Nov 2008 14:21:42 -0800 (PST), wrote:


On Nov 4, 2:53 pm, DaveS wrote:


prosperity is just around the corner.

If that's so, then IMO it's a looooong corner...

I don't envy the people who win their elections. They will face
monumental challenges. From the prez right down to the new school
board member who is finding out the district is heavily invested in
CDOs. I think we are living right now in "history" unlike any since
WWII. We should all pray that those elected will be up to the task and
will honorably attack the great challenges ahead. If they don't, if it
ends up as petty politics as usual, or worse, then God help us all...

Jon.


Wish I had said that. Thanks, Jon.

I love this country dearly. I hope and pray for her prosperity and
safety. I hope and pray that the discord, the disharmony of the last
eight years will end. I have never experienced as much hate from my
fellow citizens except when in uniform during the 60s.

Dave



strident disagreement and principled argument does not equal hate dave...

unfortunately, our culture has become one mired in blame and namecalling
- especially our political culture. nc's own jesse helms and his
brigade of ****stirrers are largely to blame, but so are each of us who
has allowed our human weakness, shallowness, and selfishness to win out
over our ability to think and care about our fellow citizens.

this is a monumentally historic moment and election...i'm not sure many
have really appreciated the uniqueness of this election, despite the
record turnout.

jeff

wrote in message
...
On Nov 4, 2:53 pm, DaveS wrote:

prosperity is just around the corner.

If that's so, then IMO it's a looooong corner...

I don't envy the people who win their elections. They will face
monumental challenges. From the prez right down to the new school
board member who is finding out the district is heavily invested in
CDOs. I think we are living right now in "history" unlike any since
WWII. We should all pray that those elected will be up to the task and
will honorably attack the great challenges ahead. If they don't, if it
ends up as petty politics as usual, or worse, then God help us all...

Jon.

And if a modern-day God can't help us, maybe we could resort to some of the
golden oldies--Zeus and Jupier, Hermes and Mercury, Ares and Mars, or Aros
and Cupid?

Op

On Tue, 04 Nov 2008 18:57:02 -0500, jeff miller
wrote:

Dave LaCourse wrote:

On Tue, 4 Nov 2008 14:21:42 -0800 (PST), wrote:


On Nov 4, 2:53 pm, DaveS wrote:


prosperity is just around the corner.

If that's so, then IMO it's a looooong corner...

I don't envy the people who win their elections. They will face
monumental challenges. From the prez right down to the new school
board member who is finding out the district is heavily invested in
CDOs. I think we are living right now in "history" unlike any since
WWII. We should all pray that those elected will be up to the task and
will honorably attack the great challenges ahead. If they don't, if it
ends up as petty politics as usual, or worse, then God help us all...

Jon.


Wish I had said that. Thanks, Jon.

I love this country dearly. I hope and pray for her prosperity and
safety. I hope and pray that the discord, the disharmony of the last
eight years will end. I have never experienced as much hate from my
fellow citizens except when in uniform during the 60s.

Dave



strident disagreement and principled argument does not equal hate dave...

unfortunately, our culture has become one mired in blame and namecalling
- especially our political culture. nc's own jesse helms and his
brigade of ****stirrers are largely to blame, but so are each of us who
has allowed our human weakness, shallowness, and selfishness to win out
over our ability to think and care about our fellow citizens.

this is a monumentally historic moment and election...i'm not sure many
have really appreciated the uniqueness of this election, despite the
record turnout.

jeff

Congrats, Jeff. Let us now hope that no gun toting nut kills Obama.
The thought of Biden as potus is a scarey one.

Again, Congrats. I can live with the results. My big loss, however,
is that a dear friend, Sonny Parente lost his bid to the Massachusetts
House. He would have made a great rep.

Take care.

Dave

On Nov 4, 11:45*am, rw wrote:
The free market has spoken. :-) If McCain wins watch it drop.

Ummm, don't look now but the DJIA is down today.

I know it's not correlated, but if McCain had somehow won you'd
be pointing at the DJIA today screaming the sky was falling.
- Ken

wrote:
On Nov 4, 11:45 am, rw wrote:
The free market has spoken. :-) If McCain wins watch it drop.

Ummm, don't look now but the DJIA is down today.

I know it's not correlated, but if McCain had somehow won you'd
be pointing at the DJIA today screaming the sky was falling.
- Ken

The market was up yesterday because of some favorable economic reports.
Down today as a result of the election.