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Are you ready for the higher taxes that would follow a Democrat being elected president?

32 Answers

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  • Anonymous
    1 decade ago
    Favourite answer

    Yes. I have had a long discussion with my broker.

    I have installed some triggers that would automatically shift me to cash if it looks like the commies will get in.

    I'm not the only one. The market will bleed. Luckily, I'm a relatively small investor and there are safeguards in the market that hold up the mass buyers to let shrimps like me go first. Pensions and insurance companies will be hit the hardest.

    I will draw down some equity and refinance to put money in exempt interest income. Lower yield but much lower taxes.

    I will take a lump sum from my pension early and work it myself because all the carry over interest brokers that maintain it now will bail because that's who Hillary wants to tax out of existence.

    Some will go off shore to Costa Rica and Turk & Caicos.

    I'm also looking into some alternative fuel company start ups that allow tax free investment. Bio Diesel reactor manufacturing. I could also write off the losses if it goes bad, but, it won't.

    Once the smoke clears, I move to Costa Rica.

    Hillary Clinton and Charlie Rangle are not getting one cent from me, not one cent.

  • 4 years ago

    in case you advance taxes now the way the economic equipment is and there'll be no helping it and expenses will upward thrust, yet once you narrow back Gov spending on stupid nonprofit companies that we don't desire and tighten up boot straps in different areas then tax cuts will stimulate the economic equipment no longer harm it anymore... I wager there is a few money investment classes for illegals that shall we keep thousands and thousands on, yet as long because of the fact the Lefty's desire to maintain them right here we are able to have economic effects because of the fact immigration has plenty to do with the economic equipment... I do comprehend that McCain has been an amnesty supporter, yet whilst We the persons word extra rigidity he may well be plenty extra possibly to flow with us then the O or HilBillary... What to do? whilst in fact they discern those issues out and positively do something purely perhaps inflation will come down, and we wont could desire to go through like all of us are actually. this is the middle guy barring the brunt of issues..we aren't making sufficient yet we make too plenty... In asserting all this confident the donkeys could have greater taxers then the elephants .. Elephants = Tax cuts Donkeys = Tax will strengthen What do you desire?

  • 1 decade ago

    Sure. Just as I would have to accept higher taxes from the Republicans. The difference between the two is that the

    Democrats will Tax and spend so that the economy is

    benefitting everyone. The Republicans will just see that the extra cash is given to rich people, who don't need it.

    The Democrats will pay for the Wars by extra taxes and fees that won't cripple the Economy. The Republicans will not do

    this. Any extra revenue will be returned to Business in the

    form of Benefits to Business. None for Middle Class people.

  • Anonymous
    1 decade ago

    Well, we have to pay down the record deficit racked up by the so called conservatives in office. How about rolling back the tax cuts Bush gave to the wealthiest 1%? The facts were just released and they show the rich got richer while the gap between the rich and the poor got bigger. Just the way repubs want it. And no I will not provide a source, you can do your own research like this Liberal did you lazy over paid repub corporate owner douche bags.

  • Anonymous
    1 decade ago

    Sure, at that point I will retire and let them pay for my keep but I'd much rather work and make my own way in life and if you think the politicians like Hillary is going to do something like tax herself then I pity you. She's not going to cost herself any more money than she has to.

  • 1 decade ago

    It is an absolute and for good reasons:

    - got to start trying to pay off the huge debt the Repubs have once again incurred.

    - looking forward to the upgrade in public schools, better funding for science and math programs

    - improvements in health care for children and hopefully all of us

    - improve and repair of our nations infrastructure that has been ignored for the past 7 years

    - better public transportation

    - a stronger push towards alternative fuel sources

    - the list goes on and on

  • ?
    Lv 5
    1 decade ago

    Americans are all too willing to trade in their freedoms AND their paycheck if it means more handouts from the government. Americans are being lured with the promise of universal health care, $5000 for every new born, and an end to the war in Iraq in exchange for votes. But name a SINGLE thing that the democrats have done in the last few years that they actually said they would do. Bottom line is yes, you can expect higher taxes. But don't expect a whole lot to change as a result.

  • Zardoz
    Lv 7
    1 decade ago

    Somebody has to correct the Bush train wreck.

    For 2007, defense spending, including war costs, totaled $529.9 billion, up 6.1 percent from 2006, an increase that outpaced the 2.8 percent rise in overall spending. Paying interest on the national debt also outpaced overall spending growth, rising by 5.9 percent to total $430 billion, making it the fourth-largest spending category.

    33 minutes ago

    It was a republican congress voted for by republicans that doubled the national debt. This while the top one percent of wage earners made as much as the bottom 50% of all wage earners.

  • 1 decade ago

    Yeah. Ready for the taxes on the people who are rich and don't give an explitive about anyone but themselves. I am also ready for the U.S. to be respected by foreign governments again. I am ready to see the dollar be worth more than the Canadian Dollar. I'm ready have the government stop spying on my phone calls and slowly robbing me of my freedoms that I fight for. I'm ready for a President that isn't going to be making decisions on the Iraqi war based on how its going to line his pockets. I'm ready for an administration that is trustworthy. I'm ready for a Government that believes what F.D.R. believed in that "there is nothing to fear but fear itself" instead of a government that uses fear to brainwash redneck americans. A government that doesn't use religion to get the vote of the American people of faith. A government that will help places like Dafur where there isn't much to benefit but the satisfation of knowing the U.S. making a difference and is in the right. I am looking forward to a president who doesn't use sentences like "Childrens do learn." I am ready to have AMERICA THE GREAT BACK.

  • Anonymous
    1 decade ago

    Yes. The tax increase will only effect the wealthiest 2% of Americans. At your income level you should be elgible for a nice rebate.

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