11-06-2008, 09:58 AM
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#28 (permalink)
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Junkie
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Quote:
Originally Posted by dc_dux
ace...Obama's numbers exceed every Democratic in the last 20-30 years... the highest percentage of white voters
the highest percentage of college educated voters
highest percentage of high income (over 100k and over 200k)
There are problably many reasons...enthusiastic support for Obama's policies, repudiation of Bush policies...or a general drifting away from the Republican party because it has become too conservative in many non-fiscal areas. |
I acknowledge that Obama won decisively and that he got a broad coalition of people excited about his candidacy including groups that were generally apathetic in the past. However, I don't conclude that the majority of people facing increased taxes under his plan believe that raising taxes during a recession is the right thing to do for the nation. I also doubt that the majority will pay increased taxes without doing things to minimize the increase.
FYI
Quote:
DANA POINT, Calif. -- Some baseball agents already are thinking about trying to beat a possible tax increase for their well-paid clients under an Obama administration.
Appearing on the Tirico and Van Pelt Show, agent Drew Rosenhaus said the impact of President-elect Obama is going to be felt by athletes signing new contracts next year not just in MLB, but in the NFL as well. Listen
President-elect Barack Obama has proposed increasing the top federal income tax rate from 35 percent to 39.6 percent, where it was under president Bill Clinton.
If signing bonuses are paid before Jan. 1, they likely would be taxed at the current rate and would not be subject to any increase.
"It's something we'll consider," agent Craig Landis said Tuesday at the general managers' meetings. "Besides the federal issue, we have a state issue in some cases, anyway, where it's advantageous to take signing bonuses because of the state income tax. A Florida resident can take the signing bonus and not have to pay his team's state tax."
Obama's proposal would increase federal income tax on families earning more than $250,000 annually, money that would help finance a decrease for workers and families earning less than $200,000. It's also possible more income might be subject to the Social Security tax.
Free Agent Tracker
CC Sabathia and Manny Ramirez are among the players who have already filed for free agency. Check the Tracker to find out who else has filed and which teams have the most free agents. More
Next year's major league minimum is $400,000. Agent Scott Boras, negotiating eight- and possibly nine-figure deals for free agents Manny Ramirez and Mark Teixeira, already has thought about the possibility of asking for larger signing bonuses payable this year in some of his contracts.
"There's some consideration to be had with the impact of the election," he said.
Free agents can't start negotiating money with all teams until Nov. 14. Only a relatively small percentage of contracts are finalized before Jan. 1.
Still, for a big-money free agent earning $10 million in 2009, Obama's plan could increase his federal tax by more than $400,000.
"I'm sure it will be kicked around," said Paul Kinzer, who represents free-agent closer Francisco Rodriguez.
Agents generally had thought about the possibility of a tax increase more than the GMs. Many of the club representatives said they likely wouldn't be able to determine until after Nov. 14 whether beating a tax hike was a trend.
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ESPN - Major League Baseball agents ponder beating likely tax increase
I don't draw any broad conclusions from this, but it is just interesting.
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"Democracy is two wolves and a sheep voting on lunch."
"It is useless for the sheep to pass resolutions on vegetarianism while the wolf is of a different opinion."
"If you live among wolves you have to act like one."
"A lady screams at the mouse but smiles at the wolf. A gentleman is a wolf who sends flowers."
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