DJIA up sharply, anticipating Obama victory

Dave LaCourse wrote in
:

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(

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.

--
Scott
Reverse name to reply

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 ;-)