Agencies under U.S. President Barack Obama will add thousands of new regulations to U.S. business in 2013, with many of them extremely costly. gAccording to Small Businesses for Sensible Regulations, an arm of the nonprofit, nonpartisan National Federation of Independent Business (NFIB (http://www.investorguide.com/stock.php?ticker=NFIB)), more than 4,100 new Obama regulations are in the pipeline.
The group estimates that the 13 most expensive regulations will cost the U.S. economy $515 billion.
Held back during the heat of the presidential campaign, a backlog of these Obama regulations is about to hit the economy full force.
"The Obama administration has been quietly postponing several multibillion-dollar regulations until after the November election," wrote Sen. Rob Portman, R-OH, in an August Wall Street Journal guest column (http://professional.wsj.com/article/SB10000872396390444772404577587310951310628.html?mg=reno-wsj). "Those delayed rules, together with more than 130 unfinished mandates under the 2010 Dodd-Frank financial law, could significantly increase the regulatory drag on our economy in 2013."
Portman dubbed the situation "the regulatory cliff," a reference to the widely discussed fiscal cliff (http://moneymorning.com/tag/fiscal-cliff-2013/).
"Economically Significant' 2013 Obama Regulations
While the sheer number of regulations can cause compliance problems, one category – dubbed by the government as "economically significant" – impose the greatest costs on the U.S. economy.
Economically significant regulations are those that cost $100 million or more, by the government's definition.
In his first three years, the Obama administration created 953 such regulations, compared to 30 in the comparable period for President George W. Bush, according to CEI.
Of the 4,128 Obama regulations in the pipeline, 212 fall into the economically significant category. That's 32.5% more than the 160 issued in 2006 under President Bush.
The Republican-controlled House of Representatives has tried in vain to curb the wave of Obama regulations by passing three dozen bills, none of which has made it to the floor of the Democrat-controlled Senate.
Now the re-election of President Obama, and the addition of two seats to the Democratic majority in the Senate, virtually guarantees a mountain of new regulations over the next several years.
Many of these heavyweight Obama regulations will hit these three industries particularly hard in 2013:
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http://moneymorning.com/2012/11/20/the-new-obama-regulations-headed-for-u-s-business-in-2013/ (http://moneymorning.com/2012/11/20/the-new-obama-regulations-headed-for-u-s-business-in-2013/)
Funny. . . not a piece of meat on the bones that are this "story".
What are these "economically significant regulations"?
"The sky is falling, the sky is falling"! :rolleyes: :rolleyes:
More propaganda designed to instigate bait and switch over the fiscal cliff debacle. . .
Quote from: Palehorse on December 27, 2012, 12:27:56 PM
Funny. . . not a piece of meat on the bones that are this "story".
What are these "economically significant regulations"?
"The sky is falling, the sky is falling"! :rolleyes: :rolleyes:
More propaganda designed to instigate bait and switch over the fiscal cliff debacle. . .
Maybe it gives specifics after you do this ----V
The remaining content is exclusively for Money Morning subscribers. To gain access, enter your email address:biggrin: :biggrin:
Quote from: Palehorse on December 27, 2012, 12:27:56 PM
Funny. . . not a piece of meat on the bones that are this "story".
What are these "economically significant regulations"?
"The sky is falling, the sky is falling"! :rolleyes: :rolleyes:
More propaganda designed to instigate bait and switch over the fiscal cliff debacle. . .
Maybe it is, propaganda as you prefer to say.......you can go here and actually see for yourself.....
http://resources.regulations.gov/public/custom/jsp/navigation/main.jsp?__dmfRequestId=__client1~~1&__dmfRender=true&Reload=1356630141867&__dmfClientId=1356630152038&__dmfTzoff=300 (http://resources.regulations.gov/public/custom/jsp/navigation/main.jsp?__dmfRequestId=__client1~~1&__dmfRender=true&Reload=1356630141867&__dmfClientId=1356630152038&__dmfTzoff=300)
Time is going to tell us the truth.......but everytime there is a regulation added, it costs the taxpayers MORE money.
I found the article interesting.......and will continue to monitor such "propaganda".
^^
That link gives me a login screen. :confused:
Quote from: Locutus on December 27, 2012, 12:50:36 PM
^^
That link gives me a login screen. :confused:
try this:
http://resources.regulations.gov/public/custom/jsp/navigation/main.jsp? (http://resources.regulations.gov/public/custom/jsp/navigation/main.jsp) It works for me.
Quote from: Henry Hawk on December 27, 2012, 12:45:16 PM
I found the article interesting.......and will continue to monitor such "propaganda".
Did you do this for white presidents?
:biggrin:
Quote from: Exterminator on December 27, 2012, 01:21:41 PM
Did you do this for white presidents?
Will you stop with that crap already it's getting old and it's totally a way to deflect rather than a valid point.
Quote from: Exterminator on December 27, 2012, 01:21:41 PM
Did you do this for white presidents?
If there was a president that bad, YES, I would have...........race has ZERO to do with my dissatisfaction for him. Our country is on the verge of bankruptcy........$16 trillion in debt. We are becoming divided, at an alarming rate. I am not going to just sit back, do nothing and watch, without at the least, do some serious BITCHING as we fly over the cliff.....
Make sure you lay the blame for "flying over the cliff" where it belongs. :wink:
Quote from: Locutus on December 27, 2012, 02:28:24 PM
Make sure you lay the blame for "flying over the cliff" where it belongs. :wink:
What has Obama and the Senate done? NATTA! They all have blood on them. At least the house has made some attempts at negotiating. The same plan the Pelosi wanted is all of a sudden NOT good enough?
Quote from: Henry Hawk on December 27, 2012, 02:59:11 PM
What has Obama and the Senate done? NATTA! They all have blood on them. At least the house has made some attempts at negotiating. The same plan the Pelosi wanted is all of a sudden NOT good enough?
You're seriously going to sit here and try and tell me that Obama hasn't compromised as well? C'mon HH, you're not that stupid.
Quote from: Locutus on December 27, 2012, 03:07:10 PM
You're seriously going to sit here and try and tell me that Obama hasn't compromised as well? C'mon HH, you're not that stupid.
If you are going to act as if the House has not offered a serious compromise, then YEP, I will sit here and blow off about the lack of leadership of obama....The House has already passed legislation to avoid the entire fiscal cliff....what has the senate done? Natta
Quote from: Henry Hawk on December 27, 2012, 03:25:19 PM
If you are going to act as if the House has not offered a serious compromise, then YEP, I will sit here and blow off about the lack of leadership of obama....The House has already passed legislation to avoid the entire fiscal cliff....what has the senate done? Natta
With this and all of the other bullshit Henry has place out as fact. He has no credibility. He has been wrong on so many things. :doh:
If he was from a foreign city and place it would be the Tower of Babble in the city of Babble and talking in tongues and making no sense. :blah: :blah: :blah: :blah:
Quote from: The Troll on December 27, 2012, 05:53:31 PM
With this and all of the other bullshit Henry has place out as fact. He has no credibility. He has been wrong on so many things. :doh:
If he was from a foreign city and place it would be the Tower of Babble in the city of Babble and talking in tongues and making no sense. :blah: :blah: :blah: :blah:
It is not 2013 yet so you have no clue if he's wrong or not.
Quote from: me on December 27, 2012, 01:42:37 PM
Will you stop with that crap already it's getting old and it's totally a way to deflect rather than a valid point.
The truth never gets old.
Quote from: Henry Hawk on December 27, 2012, 02:26:05 PM
If there was a president that bad, YES, I would have...........race has ZERO to do with my dissatisfaction for him.
That is completely untrue because if you had put any other administration under the same microscope, you would find that that about which you are now complaining isn't at all uncommon.
Quote from: Exterminator on December 28, 2012, 07:57:30 AM
That is completely untrue because if you had put any other administration under the same microscope, you would find that that about which you are now complaining isn't at all uncommon.
We have NEVER been $16 TRILLION in debt before...............We have never been this f'd up as a nation before........It is easy NOT to complain when the economy is good and unemployment is low. It is not good right now.
Quote from: Exterminator on December 28, 2012, 07:57:30 AM
That is completely untrue because if you had put any other administration under the same microscope, you would find that that about which you are now complaining isn't at all uncommon.
How do you know what anyone did under other administrations? You have no clue what I did or said during other administrations because I wasn't on the forum at the time. For all you know I could have judged them even harder so your argument is invalid like I said. I know for a fact the country is more divided than it has ever been in my lifetime and I hold this administration and the mainstream media, NBC, CBS, ABC, MSNBC, and CNN responsible for that.
With that being said I shall not let it deflect the topic at hand any longer and if you wish to continue to try to deflect with this type of idiocy I hope HH will also ignore it.
Quote from: me on December 28, 2012, 10:08:08 AM
I know for a fact the country is more divided than it has ever been in my lifetime and I hold this administration and the mainstream media, NBC, CBS, ABC, MSNBC, and CNN responsible for that.
I hold the internet responsible; it was a lot easier to avoid and ignore stupid people when they had no forum in which to express their inane views.
Quote from: Exterminator on December 28, 2012, 12:12:11 PM
I hold the internet responsible; it was a lot easier to avoid and ignore stupid people when they had no forum in which to express their inane views.
That's exactly like what Y said that one time. "One of the major drawbacks of the advent of the Internet is that it gives any idiot with Internet access a worldwide voice." ;D
:yes:
Quote from: me on December 28, 2012, 10:08:08 AM
...and the mainstream media, NBC, CBS, ABC, MSNBC, and CNN responsible for that.
Notice that the network that 'she never watches' is glaringly missing from that list.
Quote from: Locutus on December 28, 2012, 12:16:41 PM
Notice that the network that 'she never watches' is glaringly missing from that list.
:yes: :yes: :yes:
Freudian slip no doubt.
Quote from: Locutus on December 28, 2012, 12:16:41 PM
Notice that the network that 'she never watches' is glaringly missing from that list.
Because they're not divisive at all; right? :rolleyes:
Quote from: Exterminator on December 28, 2012, 12:25:07 PM
Because they're not divisive at all; right? :rolleyes:
Of course not. :rolleyes:
Quote from: Palehorse on December 27, 2012, 12:27:56 PM
Funny. . . not a piece of meat on the bones that are this "story".
What are these "economically significant regulations"?
"The sky is falling, the sky is falling"! :rolleyes: :rolleyes:
More propaganda designed to instigate bait and switch over the fiscal cliff debacle. . .
I'm STILL waiting for the details here. "Where's the beef?"
already answered that.
Quote from: Henry Hawk on December 28, 2012, 01:13:48 PM
already answered that.
That's what I thought. A baseless post designed to emulate Faux News by inferring disaster without providing the reader/viewer with one single bit of factual information.
I called it correctly right out of the gate: "The sky is falling! The sky is falling!"
:gha: :chick:
Quote from: Palehorse on December 28, 2012, 01:18:08 PM
That's what I thought. A baseless post designed to emulate Faux News by inferring disaster without providing the reader/viewer with one single bit of factual information.
I called it correctly right out of the gate: "The sky is falling! The sky is falling!"
:gha: :chick:
You have no clue to what you are talking about right now. Just sayin.
Quote from: Henry Hawk on December 28, 2012, 01:26:50 PM
You have no clue to what you are talking about right now. Just sayin.
Prove it.
Quote from: Palehorse on December 28, 2012, 01:27:37 PM
Prove it.
I have done my part........I have no desire to pursue it further. I have made my statement, and I stand behind it.
Quote from: Henry Hawk on December 28, 2012, 01:30:01 PM
I have done my part........I have no desire to pursue it further. I have made my statement, and I stand behind it.
Translation: I got nothin and am just spoutin off and spreading propaganda like a good sheep.
Quote from: Palehorse on December 28, 2012, 01:38:05 PM
Translation: I got nothin and am just spoutin off and spreading propaganda like a good sheep.
Translation:....PH doesn't want to take the time to look at the link and do his own research....it is right there.
Actually, PH is right; this is pure propaganda and not factually accurate. (http://www.npr.org/templates/story/story.php?storyId=167132200)
Quote from: Exterminator on December 28, 2012, 02:55:22 PM
Actually, PH is right; this is pure propaganda and not factually accurate. (http://www.npr.org/templates/story/story.php?storyId=167132200)
How is it FACTUALLY NOT ACCURATE?
There is article after article from "reliable sources" who are expressing this as a REAL concern.....NOT propaganda.
Obama's Regulatory Cliff Is The Bigger Problem (http://news.investors.com/ibd-editorials/122112-638095-obama-regulatory-federal-fiscal-cliff-boehner.htm) - Investors News
The regulatory cliff awaits (http://blogs.reuters.com/great-debate/2012/12/06/the-regulatory-cliff-awaits/) - Reuters
Mortgage industry insider warns about a stifling regulatory cliff (http://www.washingtontimes.com/news/2012/dec/20/mortgage-industry-insider-warns-about-a-stifling-r/?utm_source=RSS_Feed&utm_medium=RSS)
- Washington timesEnergy leaders fear regulatory challenges will only increase in 2013 (http://www.bizjournals.com/wichita/print-edition/2012/12/21/energy-leaders-fear-regulatory.html) - Business Journal
Small Businesses to See Regulatory Changes in New Year (http://www.accountingtoday.com/news/Small-Businesses-Regulatory-Changes-New-Year-65167-1.html) - Accounting today
Quote from: Henry Hawk on December 28, 2012, 01:13:48 PM
already answered that.
Notice how they're busy deflecting again. :wink:
Quote from: me on December 28, 2012, 03:35:40 PM
Notice how they're busy deflecting again.
No deflecting is necessary when your premise is bullshit.
Quote from: Exterminator on December 28, 2012, 03:40:55 PM
No deflecting is necessary when your premise is bullshit.
No bullshit to it! I have posted several links suggesting exactly what I claimed........by several sources........and there are a dozen more if you want....
Quote from: Henry Hawk on December 28, 2012, 03:42:01 PM
No bullshit to it! I have posted several links suggesting exactly what I claimed........by several sources........and there are a dozen more if you want....
I would trusts Henry ideas with the same trust as I feel for the Republican Party. All liars and black hearts and corrupt to the morrow of their godless bones. :trustme:
:zoners:
Quote from: Henry Hawk on December 28, 2012, 03:32:44 PM
How is it FACTUALLY NOT ACCURATE?
There is article after article from "reliable sources" who are expressing this as a REAL concern.....NOT propaganda.
Obama's Regulatory Cliff Is The Bigger Problem (http://news.investors.com/ibd-editorials/122112-638095-obama-regulatory-federal-fiscal-cliff-boehner.htm) - Investors News
The regulatory cliff awaits (http://blogs.reuters.com/great-debate/2012/12/06/the-regulatory-cliff-awaits/) - Reuters
Mortgage industry insider warns about a stifling regulatory cliff (http://www.washingtontimes.com/news/2012/dec/20/mortgage-industry-insider-warns-about-a-stifling-r/?utm_source=RSS_Feed&utm_medium=RSS) - Washington times
Energy leaders fear regulatory challenges will only increase in 2013 (http://www.bizjournals.com/wichita/print-edition/2012/12/21/energy-leaders-fear-regulatory.html) - Business Journal
Small Businesses to See Regulatory Changes in New Year (http://www.accountingtoday.com/news/Small-Businesses-Regulatory-Changes-New-Year-65167-1.html) - Accounting today
First of all, at least you posted one or two (and I use this term very loosely) "sources" that do not require a friggin subscription in order to read them. I assume you hold subscriptions to these "sources" and so can read every word of the articles, but I refuse to pay more for anything like this. I will not subscribe nor frequent sources that require a monetary fee from me for the "privilege" of reading what more often than not, is nothing more than a slanted opinion or fear mongering. Both of which hold true in those "sources" you posted that I could read without submitting a fee and/or my personal information, as well as from what I can read of those who require such.
Of course they're squalling. They want the freedom to be able to drag us down into the pits of collapse again, as they have already. They would never let a thing like the environment stand int eh way of bilking the world out of its money and power. Hell, "Global warming is bullshit". :rolleyes: :rolleyes: :rolleyes:
Hell, one would think that even if you don't give a damn about the quality and purity of the air you breathe or the water you drink, you would be concerned about the quality of both when it comes to your children and grandchildren. But I guess not. . .
Friggin banks don't want to see the return of regulatory requirements that will prevent them from creating pyramid schemes and faulty loan operations. They don't want to have to set aside any amount of their capital to ensure they don't fail. (Why should they? The government will bail them out). :rolleyes:
The 1%'ers are all up in your junk aren't they? They own your soul and there is no sense in denying it. :yes:
Quote from: Henry Hawk on December 28, 2012, 02:50:08 PM
Translation:....PH doesn't want to take the time to look at the link and do his own research....it is right there.
Once again. .. comprehension is not in your wheelhouse is it? :rolleyes:
Quote from: Palehorse on December 29, 2012, 08:18:59 PM
The 1%'ers are all up in your junk aren't they? They own your soul and there is no sense in denying it. :yes:
That is without any doubt the most uninformed and sensless thing you have ever said on here............
pwned and doesn't know it
Quote from: Henry Hawk on December 29, 2012, 09:15:58 PM
That is without any doubt the most uninformed and sensless thing you have ever said on here............
Which pales in comparison to some of the things you say/do here on a daily basis. . . :yes:
Something for you to ponder and explain. You're always talking about the 1% who don't pay their fair share and almost 50% of the other 99% pay no taxes at all. How would raising the taxes on the 1% make any difference without also raising taxes on the other 99% to some extent? To me that means the upper end of the ones who pay nothing and the other 48% or so are going to have to kick in too or it is all a moot point. Your taxes and my taxes are going up there is no way to avoid it at the current rate of spending.
Quote from: me on December 29, 2012, 09:33:20 PM
Something for you to ponder and explain. You're always talking about the 1% who don't pay their fair share and almost 50% of the other 99% pay no taxes at all.
Pay attention. That would be the part about setting the threshold to
"those making 250k and above".
The rest of us continue paying what we have been paying all along. . .
Quote from: me on December 29, 2012, 09:33:20 PM
How would raising the taxes on the 1% make any difference without also raising taxes on the other 99% to some extent? To me that means the upper end of the ones who pay nothing and the other 48% or so are going to have to kick in too or it is all a moot point.
See above
Quote from: me on December 29, 2012, 09:33:20 PM
. . .taxes are going up there is no way to avoid it at the current rate of spending.
Blame your Uncle George and his administration for that one. Two unfunded wars and tax breaks for the wealthy 1%ers was the straw that broke the camel's back. Now the bill is due. . .
Quote from: Palehorse on December 29, 2012, 09:41:00 PM
Pay attention. That would be the part about setting the threshold to "those making 250k and above".
The rest of us continue paying what we have been paying all along. . . See above
Blame your Uncle George and his administration for that one. Two unfunded wars and tax breaks for the wealthy 1%ers was the straw that broke the camel's back. Now the bill is due. . .
Oh, now I see, 1% equals more than 99% in the political world of fuzzy math as does Billion out weigh trillion. Also 4yrs of "making things better" and spending more money still makes the other person responsible for the excessive indebtedness. And 8% unemployment leaving out the under employed and those who have dropped off the unemployment rolls, effective rate more like 16% or higher, is better than 5% unemployment and also the fault of someone else. Ya, that'll be perfectly sustainable and raise tons of revenue as well as open up lots of job opportunities for the unemployed. I see it now. :rolleyes:
Quote from: me on December 29, 2012, 10:04:11 PM
Oh, now I see, 1% equals more than 99% in the political world of fuzzy math as does Billion out weigh trillion. Also 4yrs of "making things better" and spending more money still makes the other person responsible for the excessive indebtedness. And 8% unemployment leaving out the under employed and those who have dropped off the unemployment rolls, effective rate more like 16% or higher, is better than 5% unemployment and also the fault of someone else. Ya, that'll be perfectly sustainable and raise tons of revenue as well as open up lots of job opportunities for the unemployed. I see it now. :rolleyes:
Holy hell. . . I cannot explain it to you any better. . . And it would do no good to try.
I would have thought that as a former business owner you were capable of performing some basic mathematics. Boy was I ever wrong on that one. . . 1% of the population owns 90% of the wealth.
Quote from: Palehorse on December 29, 2012, 10:14:22 PM
Holy hell. . . I cannot explain it to you any better. . . And it would do no good to try.
I would have thought that as a former business owner you were capable of performing some basic mathematics. Boy was I ever wrong on that one. . . 1% of the population owns 90% of the wealth.
That doesn't mean they can make up for 48%to 50% of the debt at the current rate of spending. You are so busy looking at the talking point part of it you're missing the big picture.
Quote from: Palehorse on December 29, 2012, 09:24:44 PM
Which pales in comparison to some of the things you say/do here on a daily basis. . . :yes:
no way, not me...
Quote from: Palehorse on December 29, 2012, 10:14:22 PM
1% of the population owns 90% of the wealth.
I'm calling bullshit!! You have any proof to back that up?
that's what I thought..... :rolleyes:
I just don't get the picture the "ME" and Henry paint. :no: Letting the super rich get off without paying a big hunk of taxes. When people like the Koch brothers can spend million and million of dollars to get the people they want elected so they can plunder the very nation they live in. They need to pay a lot of taxes on the damage they are doing to America. :yes:
Also the Billionaire in Las Vegas who OK'ed young Chinese girls to work as prositutes in his casio. Who gave million and millions of dollars to Newt Gingrich and to Mitt Romney needs to pay a big bunch of taxes. :yes:
And these are the types of people that "ME" and Henry support to their dying breath. Give me a break. :rant:
Quote from: The Troll on December 31, 2012, 12:08:28 PM
I just don't get the picture the "ME" and Henry paint. :no: Letting the super rich get off without paying a big hunk of taxes.
Troll, the top 25% pay for nearly 87% of ALL THE FEDERAL INCOME taxes...and the top 1% pay for 40% of all the THE FEDERAL INCOME taxes....
Quote from: Henry Hawk on December 30, 2012, 08:37:33 AM
I'm calling bullshit!! You have any proof to back that up?
You can call it what ever you want; you are wrong. So just sit there in your wrongness and be wrong.
The proof has been posted prolifically within this very forum. All you have to do is read it.
Quote from: Palehorse on December 31, 2012, 01:05:11 PM
You can call it what ever you want; you are wrong. So just sit there in your wrongness and be wrong.
The proof has been posted prolifically within this very forum. All you have to do is read it.
One percent of this nation does NOT own 90% of our wealth...
according to Wiki: In 2007 the richest 1% of the American population owned 34.6% of the country's total wealth....
another source says: In terms of types of financial wealth, the top one percent of households have 35% of all privately held stock....
according to the liberal huffington post: the weathiest 1 percent of American households continued rising, hitting 34.5 percent in 2010. The top 10 percent's share was 74.5 percent.
so it is just bullshit propaganda that you spew....
Quote from: Henry Hawk on December 31, 2012, 01:15:30 PM
One percent of this nation does NOT own 90% of our wealth...
according to Wiki: In 2007 the richest 1% of the American population owned 34.6% of the country's total wealth....
another source says: In terms of types of financial wealth, the top one percent of households have 35% of all privately held stock....
according to the liberal huffington post: the weathiest 1 percent of American households continued rising, hitting 34.5 percent in 2010. The top 10 percent's share was 74.5 percent.
so it is just bullshit propaganda that you spew....
You can call it what ever you want; you are wrong. So just sit there in your wrongness and be wrong.
The proof has been posted prolifically within this very forum. All you have to do is read it.
Quote from: Palehorse on December 31, 2012, 01:22:27 PM
You can call it what ever you want; you are wrong. So just sit there in your wrongness and be wrong.
The proof has been posted prolifically within this very forum. All you have to do is read it.
and I just PROVED that YOU was WRONG....PERIOD.
next... :rolleyes:
Quote from: Henry Hawk on December 31, 2012, 01:24:21 PM
and I just PROVED that YOU was WRONG....PERIOD.
You can call it what ever you want; you are wrong. So just sit there in your wrongness and be wrong.
The proof has been posted prolifically within this very forum. All you have to do is read it.
It is obvious now that I have won this debate.......
I win!! :yes:
Quote from: Henry Hawk on December 31, 2012, 01:26:29 PM
It is obvious now that I have won this debate.......
I win!! :yes:
You can call it what ever you want; you are wrong. So just sit there in your wrongness and be wrong.
The proof has been posted prolifically within this very forum. All you have to do is read it.
It is obvious now that I have won this debate.......
I win!! (http://theunknownzone.dailynuisanceproductions.com/Smileys3/default/yes.gif)
The top economic 1% of the US population now has a record 40% of all wealth :biggrin: :biggrin: :biggrin: :biggrin: NOT EVEN CLOSE TO 90% :biggrin: :biggrin: :biggrin: :biggrin:
Quote from: Henry Hawk on December 31, 2012, 01:29:19 PM
It is obvious now that I have won this debate.......
I win!! (http://theunknownzone.dailynuisanceproductions.com/Smileys3/default/yes.gif)
The top economic 1% of the US population now has a record 40% of all wealth :biggrin: :biggrin: :biggrin: :biggrin: NOT EVEN CLOSE TO 90% :biggrin: :biggrin: :biggrin: :biggrin:
You can call it what ever you want; you are wrong. So just sit there in your wrongness and be wrong.
The proof has been posted prolifically within this very forum. All you have to do is read it.
It is obvious now that I have won this debate.......
I win!!
Quote from: Henry Hawk on December 31, 2012, 01:15:30 PM
One percent of this nation does NOT own 90% of our wealth...
according to Wiki: In 2007 the richest 1% of the American population owned 34.6% of the country's total wealth....
another source says: In terms of types of financial wealth, the top one percent of households have 35% of all privately held stock....
according to the liberal huffington post: the weathiest 1 percent of American households continued rising, hitting 34.5 percent in 2010. The top 10 percent's share was 74.5 percent.
so it is just bullshit propaganda that you spew....
It is obvious now that I have won this debate.......
I win!!
(http://thinkprogress.org/wp-content/uploads/2011/10/distribution.png)
Quote from: Henry Hawk on December 31, 2012, 01:38:22 PM
(http://thinkprogress.org/wp-content/uploads/2011/10/distribution.png)
You can call it what ever you want; you are wrong. So just sit there in your wrongness and be wrong.
The proof has been posted prolifically within this very forum. All you have to do is read it.
How does it feel to be WRONG? :biggrin: :biggrin: :biggrin: :biggrin: :biggrin: :biggrin: :biggrin: :biggrin: :biggrin: :biggrin: :biggrin: :biggrin: :biggrin: :biggrin: :biggrin: :biggrin: :biggrin: :biggrin: :biggrin: :biggrin: :biggrin: :biggrin: :biggrin: :biggrin: :biggrin: :biggrin:
Because you ARE... :yes:
Quote from: Henry Hawk on December 31, 2012, 01:35:58 PM
It is obvious now that I have won this debate.......
I win!!
(Think he realizes what just happened to him?) :rotfl:
It's about time you did some homework!
Quote from: Henry Hawk on December 31, 2012, 01:43:26 PM
How does it feel to be WRONG? :biggrin: :biggrin: :biggrin: :biggrin: :biggrin: :biggrin: :biggrin: :biggrin: :biggrin: :biggrin: :biggrin: :biggrin: :biggrin: :biggrin: :biggrin: :biggrin: :biggrin: :biggrin: :biggrin: :biggrin: :biggrin: :biggrin: :biggrin: :biggrin: :biggrin: :biggrin:
Because you ARE... :yes:
How does it feel to be "used" like the pawn you are? Do you sincerely believe this was anything other than a drill to force you to actually use what little gray matter is left twixt your ears?
I simply flipped the script here; forcing you and "me" to endure your own methodology by "shooting from the hip and refusing to budge". :rotfl: :rotfl: :rotfl: :rotfl: :rotfl:
all I know is One percent of this nation does NOT own 90% of our wealth...
Which means YOU was wrong.......no matter WHAT or HOW you want to spin it.... :biggrin: :biggrin: :biggrin: :biggrin: :biggrin:
Here's a new one and still not 90%
(http://i7.photobucket.com/albums/y286/deerladie/Net_worth_and_financial_wealth_zpsfc497074.gif)
Nice try PH........but YOU really should end up in the liars area, but I'm not playing that game.............the bottom line is YOU are wrong...
Just admit it. :yes:
Quote from: Henry Hawk on December 31, 2012, 01:47:58 PM
all I know is One percent of this nation does NOT own 90% of our wealth...
And the only reason you "know" that much is because you were forced to find out. And look what you did after you finally investigated and posted some proof surrounding the fallacy of my shoot from the hip statement. You ran around crowing about it and posting endless statements with the intention of belittling me and the original "statement".
Makes it easier for me to go ahead and do something I don't normally like to do, and am not naturally inclined to do; and still will not do despite your hubris.
Quote from: Palehorse on December 31, 2012, 01:58:45 PM
And the only reason you "know" that much is because you were forced to find out. And look what you did after you finally investigated and posted some proof surrounding the fallacy of my shoot from the hip statement. You ran around crowing about it and posting endless statements with the intention of belittling me and the original "statement".
Makes it easier for me to go ahead and do something I don't normally like to do, and am not naturally inclined to do; and still will not do despite your hubris.
I just treated YOU as you have treated me the last year or so.......rolling the eyes and making smart ass remarks.
Funny how you love to dish it out but cannot take it..........OH I'm sure Ex and Troll and others will come along and kiss your ass and put me down.....
That's just how it is...
YOU made a statement, which was wrong, and I merely said prove it........YOU didn't.
Quote from: me on December 31, 2012, 01:55:01 PM
Here's a new one and still not 90%
(http://i7.photobucket.com/albums/y286/deerladie/Net_worth_and_financial_wealth_zpsfc497074.gif)
Here's the source for your information "me". . .
http://www2.ucsc.edu/whorulesamerica/power/wealth.html (http://www2.ucsc.edu/whorulesamerica/power/wealth.html)
And BTW, it isn't, as you say, "new". That information is 2 years old.
So as you can tell, I already knew this and that my original statement was false. But my, my, my, how the republican shenanigans are so quick to come out when they think they "have something" over another. (SMDH).
Come on, pile on! :rolleyes:
You guys are nothing if not predictable. :rotfl: :rotfl: :rotfl: :rotfl: :rotfl:
Quote from: Palehorse on December 29, 2012, 10:14:22 PM
. . . 1% of the population owns 90% of the wealth.
YOUR words not mine.....
It is okay to pile on ME or ME (that always sounsd funny) ... but the one time I do it to you.....we are ganging up on you? really?
I'm done!
Quote from: Henry Hawk on December 31, 2012, 02:02:35 PM
I just treated YOU as you have treated me the last year or so.......rolling the eyes and making smart ass remarks.
Funny how you love to dish it out but cannot take it..........OH I'm sure Ex and Troll and others will come along and kiss your ass and put me down.....
That's just how it is...
YOU made a statement, which was wrong, and I merely said prove it........YOU didn't.
Wow laughing boy. You truly are a hypocrite aren't you!
Had I ever treated you as you are attempting to treat me at this very second, you'd have been on that "report" button and whining to the new owners about what an "ass" I am and how I am being "mean" to you. Not to mention sending me nasty grams complaining about it.
Face it, you just got pwned and lets all move on. You too "me".
And don't forget to learn the real lesson within all of this while you are at it.
See how easy it is to shoot holes in the baseless shoot from the hip statements one makes? THAT is exactly what the two of you do around here each and every day. Then you get all whiney about being "wrong" all the time and being "piled onto" by the portion of the posters who KNOW and PROVE you wrong.
Learn or be destined to repeat. Provide credible information to support your position or be prepared for this to happen to you, over, and over, and over again.
but YOU was WRONG... :no: ....and you can't admit that.....how sad....... :no:
okay, NOW, i'm done.... :yes:
Quote from: Henry Hawk on December 31, 2012, 02:08:13 PM
but YOU was WRONG... :no: ....and you can't admit that.....how sad....... :no:
okay, NOW, i'm done.... :yes:
There is a difference in being "wrong" purposefully and being "wrong" due to abject disillusionment.
That you cannot tell the difference speaks volumes surrounding your intelligence.
:yes:
Okay....
Quote from: Palehorse on December 31, 2012, 02:03:15 PM
Here's the source for your information "me". . .
http://www2.ucsc.edu/whorulesamerica/power/wealth.html (http://www2.ucsc.edu/whorulesamerica/power/wealth.html)
And BTW, it isn't, as you say, "new". That information is 2 years old.
So as you can tell, I already knew this and that my original statement was false. But my, my, my, how the republican shenanigans are so quick to come out when they think they "have something" over another. (SMDH).
Come on, pile on! :rolleyes:
You guys are nothing if not predictable. :rotfl: :rotfl: :rotfl: :rotfl: :rotfl:
Newer then. Poor choice of words on my part but you knew what I meant.
Quote from: Palehorse on December 31, 2012, 02:07:07 PM
Wow laughing boy. You truly are a hypocrite aren't you!
Had I ever treated you as you are attempting to treat me at this very second, you'd have been on that "report" button and whining to the new owners about what an "ass" I am and how I am being "mean" to you. Not to mention sending me nasty grams complaining about it.
Face it, you just got pwned and lets all move on. You too "me".
And don't forget to learn the real lesson within all of this while you are at it.
See how easy it is to shoot holes in the baseless shoot from the hip statements one makes? THAT is exactly what the two of you do around here each and every day. Then you get all whiney about being "wrong" all the time and being "piled onto" by the portion of the posters who KNOW and PROVE you wrong.
Learn or be destined to repeat. Provide credible information to support your position or be prepared for this to happen to you, over, and over, and over again.
Uh, I have done the same thing you just say you did and still took shit for it and was called a liar and worse, not by you maybe but I was, so get over it. :wink:
Quote from: me on December 31, 2012, 03:14:08 PM
Uh, I have done the same thing you just say you did and still took shit for it and was called a liar and worse, not by you maybe but I was, so get over it. :wink:
Uh no. Perhaps in your dreams but nowhere near.
I have seen you attempt to spin your shoot from the hip opinions (poorly) to avoid admitting to them many, many times though. :yes:
However, submitting to the infinitesimal chance that this did indeed happen to you one time, there is a difference between you / Hank and I; and that difference is credibility. Unlike you and Hank, I will support my opinions and views with accredited information that is peer reviewed and recognized whenever it is available; whereas the two of you shoot from the hip the lion's share of the time within your posts, then refuse to provide accredited supporting information. (Most often choosing to link to slanted opinion pieces without any substance,
when you link to anything at all).
:no:
And just in case anyone is tempted to actually believe what Hank and "me" allege; that I wasn't making that 90% wealth statement in order to bait them into this, but really believed it.
Here's a posting I made (elsewhere) early in the year: (Note the date it was made as well as the bolded 40% statement.
"We The People" Are Not the One Percent!
by Palehorse on Thursday, 14 April 2011 at 20:50 ·
No matter how you say it, it will NEVER penetrate the propaganda of the political machines out there, that are responsible for blinding millions of Americans, and conning them into actually believing that the lamb is bleeding them dry while the wolves lap at their throats! It has taken decades of conditioning to turn those blind people into the hapless, and unquestioning lemmings that they are today; and no one's eloquence or word smithing is going to be capable of positively influencing or changing this fact within the course of 4 years, much less even a decade.
What will change their blind acceptance is nothing short of absolute collapse of our economic and social infrastructure; and then it will be too late to do anything short of domestic warfare to turn the tide. Even then, the abject conditions driven by the collapse of infrastructure will leave this country globally exposed to takeover; increasing the likelihood of extinction of the nation as a whole. And all for the furtherance of the governmental pandering to the 1%.
During these economically trying times, when an ever increasing portion of our citizens continue to struggle to survive, physically as well as financially, and our governments at the state, local, and federal levels find themselves doing the same, instead of making the hard choices as each citizen is forced to do, our government increasingly is turning on the lifeblood of its existence; the financial middle class and the poor.
In government's greed to maintain its status quo, it continues to pander to the entities with the deepest pockets, while digging deeper into the pockets that are the shallowest. "We" are the low hanging fruit, and those branches are now all but barren.
Instead of increasing the tax rates on the top 1%, that represent 40% of the entire nation's wealth, our government targets vital programs, (collectively referred to as "social safety nets"), that were undertaken decades ago in order to assure the future of this nation and improve the quality of life of those amongst us who can least afford the benefits these programs provide.
Instead of implementing legislation regulating health insurance companies and reining in their annual billion dollar profit levels on the shoulders of the infirm, we pass legislation that not only supports the continuing abuse, but supports abject premium increases across the country.
Instead of working to create legislation that empowers the voice of the individual citizen, and assures their constitutional rights, we render legal decisions that extend those very same rights and voice to faceless, soulless entities (corporations); and at the same time fail to hold them accountable toward conducting their operations and business practices within those very same rights. (As each individual citizen is REQUIRED to do). Enabling the voice (political contribution level) of the corporation to drown out the voice of the citizen; even in situations wherein those citizens are grouped into large "like minded" sectors! (Just how many "individuals" do you think it would take to equal the political contributions of just ONE corporation?) Even as those very same corporations take their operations out of the country!
Instead of implementing cuts within the plethora of non-critical governmental funding, programs, and nefarious grants, our government FIRST seeks to slit the throat of the least amongst us, in order to pander to the top 1% and avoid the prolific, public squalling the bursting revenue streams of that 1% can afford to buy! Cuts in education, infrastructure, medicare/medicaid, social security, domestic military, and alternative energy sourcing ( to name a few) are nothing short of dooming this nation to a "third world status" within the global environment, and is at a minimum, selling out the collective future of the majority for the sake of the minority! (Can you say "General Motors" or "Chrysler"?)
It seems "we the people" refers only to the top 1% within a modern interpretation of the phrase!
Quote from: Henry Hawk on December 31, 2012, 12:24:44 PM
Troll, the top 25% pay for nearly 87% of ALL THE FEDERAL INCOME taxes...and the top 1% pay for 40% of all the THE FEDERAL INCOME taxes....
I could care less about what they supposedly pay in taxes. They pay nothing compaired to you and me. What we have is nothing compaired to their life style, the ungodly amount of money they have and you want to cry about what they pay. :cry: :cry: :cry: :rant:
And Henry, they couldn't care about less about you, than they care about the little flies that circle around a horse's ass. Old Circle Fly Henry, son you just don't get it, do you? :doh:
Quote from: Palehorse on December 31, 2012, 05:14:26 PM
And just in case anyone is tempted to actually believe what Hank and "me" allege; that I wasn't making that 90% wealth statement in order to bait them into this, but really believed it.
You are so full of shit, it really is pathetic....
Quote from: Henry Hawk on January 01, 2013, 12:11:11 AM
You are so full of shit, it really is pathetic....
:rolleyes:
I think the botton line is that this deal will amount to another "tax and spend" program instead of reducing our debt.....
Quote from: Henry Hawk on January 01, 2013, 09:21:12 AM
I think the botton line is that this deal will amount to another "tax and spend" program instead of reducing our debt.....
It's going to have to make it past your heroes in the House before you have to worry about anything.
We have a spending problem, not a taxing problem. Deep and real cuts need to be made not the ones that just decrease the rate of spending. This obama socalism only works as long as there is others peoples money he can take. At some point there will be no more to tax and the printing press will break down then what?
Quote from: RC on January 01, 2013, 12:35:09 PM
We have a spending problem, not a taxing problem. Deep and real cuts need to be made not the ones that just decrease the rate of spending. This obama socalism only works as long as there is others peoples money he can take. At some point there will be no more to tax and the printing press will break down then what?
:lipsrsealed2: :lipsrsealed2: :lipsrsealed2:
Quote from: RC on January 01, 2013, 12:35:09 PM
We have a spending problem, not a taxing problem. Deep and real cuts need to be made not the ones that just decrease the rate of spending. This obama socalism only works as long as there is others peoples money he can take. At some point there will be no more to tax and the printing press will break down then what?
Somehow these guy's don't understand that RC. HH and I have tried over and over again and taken tons of heat for it. Hopefully you can stick it out and maybe be able to come up with the right way to convince these people that we are right.
Quote from: RC on January 01, 2013, 12:35:09 PM
We have a spending problem, not a taxing problem. Deep and real cuts need to be made not the ones that just decrease the rate of spending. This obama socalism only works as long as there is others peoples money he can take. At some point there will be no more to tax and the printing press will break down then what?
WELCOME!!! :yes:
Quote from: me on January 01, 2013, 01:55:12 PM
Somehow these guy's don't understand that RC. HH and I have tried over and over again and taken tons of heat for it. Hopefully you can stick it out and maybe be able to come up with the right way to convince these people that we are right.
You logo says it all, TRUTH. When the harsh light of truth is shined on the goofy liberal/socialist ideas they will scurry like roaches to avoid the truth. I can and will stick it out, there is no changing me.
Quote from: RC on January 01, 2013, 03:17:07 PM
You logo says it all, TRUTH. When the harsh light of truth is shined on the goofy liberal/socialist ideas they will scurry like roaches to avoid the truth. I can and will stick it out, there is no changing me.
:lipsrsealed2: :lipsrsealed2: :lipsrsealed2: :lipsrsealed2:
Quote from: RC on January 01, 2013, 03:17:07 PM
...there is no changing me.
Typical uneducated, barely literate, conservative attitude: "all of the facts in the world won't make a damn bit of difference to me; fuck doing what's right for the country if it doesn't align with what Fox News told me. Even better if it makes the darkie in the White House look bad."
QuoteRC said: We have a spending problem, not a taxing problem. Deep and real cuts need to be made not the ones that just decrease the rate of spending. This obama socalism only works as long as there is others peoples money he can take. At some point there will be no more to tax and the printing press will break down then what?
Socialism means government ownership of production and the POTUS does not believe in such. It may be true that the government did indeed own production via Bush's TARP program, etc. but President Obama got rid of them as soon as it was economically feasible to do so, (GM Stock, etc.)
Lies are not a good way to establish credibility, but rather are the hallmark of yet another wayward sheep coming to join the flock.
And saying that President Obama is a socialist is nothing short of a pants on fire lie! (Ask Rick Perry).
Quote from: RC on January 01, 2013, 03:17:07 PM
You logo says it all, TRUTH. When the harsh light of truth is shined on the goofy liberal/socialist ideas they will scurry like roaches to avoid the truth. I can and will stick it out, there is no changing me.
You speak of truth and yet your statements are rift with the lies contained within the conservative propaganda being spewed by the closeted sheet wearing republican party.
If there are any roaches present I'd say the republican party is infested with them, and they are the ones scurrying for cover as the truth is revealed to all.
I hope you are able to provide accredited information to back up your views, or I fear you are in for a rough ride here. But you'll have plenty of company as your flock is growing in numbers.
There are plenty of ways to have a meaningful dialog surrounding the differences in republican and democratic views on taxation, the role of government, and economic policy; but lies aren't one of them. It would appear it is you who cannot handle the truth, as is consistent with your party creed.
Speaking of your party's "creed", let's just review a list of their lies shall we?
- Obama campaign tactic for rallying voters is to offer them cell phones. – LIE. (Adam Putnam)
Obama sold Chrysler to China to eliminate American Jobs – LIE (Mitt Romney)
$4000 dollar tax hike on middle class families under Obama – LIE (Mitt Romney)
Obama's Presidency began with an apology tour – LIE (Mitt Romney)
Obama will force doctors to assist homosexuals in buying surrogate babies – LIE (Government is Not God PAC)
Obama will force local government to allow Occupy protesters to live in parks – LIE (Government is Not God PAC)
Obama will force courts to accept Islamic Sharia Law in domestic disputes – LIE (Government is Not God PAC)
Obama sent $450 million to China to build a wind farm in Texas – LIE (Americans For Tax Reform)
Obama proposed banning farm kids from doing basic chores – LIE (John Thune)
Obama waived the work requirement for welfare – LIE (Rick Santorum)
Under Obama plan for welfare you wouldn't have to work or train for a job. – LIE (Mitt Romney)
Not accidental that villain in Batman is named Bane – LIE (Rush Limbaugh)
HCRA is the largest tax increase in the history of the world – LIE (Rush Limbaugh)
Obama has doubled the size of government since taking office – LIE (Paul Ryan)
Shall I go on? There are plenty more where those came from.
Quote from: me on January 01, 2013, 01:55:12 PM
Somehow these guy's don't understand that RC. HH and I have tried over and over again and taken tons of heat for it. Hopefully you can stick it out and maybe be able to come up with the right way to convince these people that we are right.
Tell the whole story "me", not the politicized propaganda that attempts (poorly) to cast your ilk in the victim role.
Provide credible information to support your position or be prepared for this to happen to you, over, and over, and over again. – As I said on 12/31/2012 and many times previously.
You and others here seem to have a learning disability. You have been shown how to do this via the plethora of examples provided to you by myself, and many others here, and yet you will not do it. In fact, via your own words you admit that you will not do it. But you certainly want to play that victim card when you are called on it now don't you?
The penchant you folks display for using lies, half-truths, and slanted information and presenting it as unabashed truth is ridiculous!
And just so Hank doesn't feel left out of this, here's a little suggestion in light reading for you in order to start the New Year off right:
(http://i475.photobucket.com/albums/rr111/hlovett_2008/406096_538399282838145_1390685115_n_zpsb4a9ce90.jpg)
http://www.politifact.com/truth-o-meter/rulings/pants-fire/?page=2 (http://www.politifact.com/truth-o-meter/rulings/pants-fire/?page=2)
Quote from: Exterminator on January 01, 2013, 04:25:33 PM
Typical uneducated, barely literate, conservative attitude: "all of the facts in the world won't make a damn bit of difference to me; fuck doing what's right for the country if it doesn't align with what Fox News told me. Even better if it makes the darkie in the White House look bad."
Doing what is right for the country is why I bother with you mean spirted, foul mouthed socialists . Point of information, I am educated and glad I got it before the godless liberals turned the public schools in to government camps to brainwash and drug the children. Also I admit I am a poor typist and speller, this has been a problem all my life. Just to be clear I do not believe in your"greater good", and "fair share", goofy ideas.
Quote from: RC on January 01, 2013, 04:55:35 PM
Doing what is right for the country is why I bother with you mean spirted, foul mouthed socialists . Point of information, I am educated and glad I got it before the godless liberals turned the public schools in to government camps to brainwash and drug the children. Also I admit I am a poor typist and speller, this has been a problem all my life. Just to be clear I do not believe in your"greater good", and "fair share", goofy ideas.
Gosh, I thought he was talking to me there for a minute 'cause that's what he always says to me, well, plus a few other choice names and put downs. He deflects that way to keep from having to discuss the topic at hand. :wink:
Horse:
I read your post, it is very clear that truth and reality mean nothing to you. It seems that anyone who says anything that does not agree with your warp idea of how the country should be is a not telling the truth. You hate anything and anyone who is republican. Please explain to me about this sheet wearing thing, I have been a card carrying republican for years and have never had to buy a sheet to go to the meetings. We agree on the fact there are some roaches in the republican party. They long to be a liberal/socialist, but do not have the guts to change over.
:lol: Ain't nuthin' shy about R.C. :devilish:
Quote from: libby on January 01, 2013, 05:11:01 PM
:lol: Ain't nuthin' shy about R.C. :devilish:
Nope! ;D
He calls 'em as he sees 'em. :yes:
Quote from: Palehorse on January 01, 2013, 04:34:52 PM
Tell the whole story "me", not the politicized propaganda that attempts (poorly) to cast your ilk in the victim role.
Provide credible information to support your position or be prepared for this to happen to you, over, and over, and over again. – As I said on 12/31/2012 and many times previously.
You and others here seem to have a learning disability. You have been shown how to do this via the plethora of examples provided to you by myself, and many others here, and yet you will not do it. In fact, via your own words you admit that you will not do it. But you certainly want to play that victim card when you are called on it now don't you?
The penchant you folks display for using lies, half-truths, and slanted information and presenting it as unabashed truth is ridiculous!
http://www.politifact.com/truth-o-meter/rulings/pants-fire/?page=2 (http://www.politifact.com/truth-o-meter/rulings/pants-fire/?page=2)
And the reason I said I will offer no more proof of my statements goes back to a time when I went to great lengths to get the information because it had been scrubbed from the net and was still called names and put down. No apologies for calling me a liar or retraction of names I had been called, not by you incidentally which I appreciate, but by others. I stated then I would not do it again and I won't with valid reason.
Quote from: RC on January 01, 2013, 04:55:35 PM
Doing what is right for the country is why I bother with you mean spirted, foul mouthed socialists . Point of information, I am educated and glad I got it before the godless liberals turned the public schools in to government camps to brainwash and drug the children. Also I admit I am a poor typist and speller, this has been a problem all my life.
You're god damn right I'm mean spirited because I am sick and tired of you idiots who have no knowledge whatsover of either economics or business constantly touting your garbage propaganda. You are destroying this country. And sorry but I don't buy you're, "I'm educated but I still can't spell or punctuate a fairly simple sentence correctly," diatribe. Educated people have no issues with such things.
QuoteJust to be clear I do not believe in your"greater good", and "fair share", goofy ideas.
And yet your ilk are those who most directly benefit from them. Here's a simple truism for you: more people = more infrastructure = more cost. And yet you people breed like roaches, raking in your deductions for your bands of little hell-spawn while my taxes pay for their schools. Sorry, pal, doesn't wash with me either. You all want less spending...as long as it doesn't affect the slice of pie you're getting.
Quote from: RC on January 01, 2013, 05:05:08 PM
Horse:
I read your post, it is very clear that truth and reality mean nothing to you. It seems that anyone who says anything that does not agree with your warp idea of how the country should be is a not telling the truth. You hate anything and anyone who is republican. Please explain to me about this sheet wearing thing, I have been a card carrying republican for years and have never had to buy a sheet to go to the meetings. We agree on the fact there are some roaches in the republican party. They long to be a liberal/socialist, but do not have the guts to change over.
Another hallmark of the closeted, sheet wearing republican party; quick to judge. (Why am I not surprised?)
You have read, at best, two or three of my postings and already know where I stand on everything from the fiscal cliff to economics, and my political compass as well. Amazing. You should be providing readings on line.
I'll explain the sheet wearing thing in one word; racism. And it doesn't matter if you are an individual of color, or are married to a person of color, or your best friends are people of color. What matters are your choices in life and how they reflect upon the values you hold close to your heart.
By proxy, when you side with the sheet wearers you are supporting racism and the ugly scourge it imposes upon this nation and society as a whole. Legally, it does not matter whether you are cognizant of it or not. The fact that the Tea-Billies put into office by your party are by-and-large the leaders amongst the sheet wearing sector of the republican party, (That Paul boy in KY, is a prime example of this), only validates that the republican party holds foundational beliefs rooted in racism close to their hearts, and by proxy its membership. And the average American citizen is not blinded by these facts as the last presidential election clearly demonstrated.
Despite the cornucopia of lies put forth by the false idols of the republican party, they lost. And they will continue to lose until they embrace the change necessary to atone for their transgressions against the American citizens and this nation. They are becoming increasingly irrelevant in present day America, and are doomed to extinction should they continue down the path they tread.
And in as much as it may serve to disappoint you, I do care deeply about truth and reality; so much so that I take slices of time from my valuable clock each and every day in order to ensure that truth and reality are injected into the limited lives of those who would eat greedily at the trough of disillusionment that is so deep and wide within the media today. I scoff at the party mouth-pieces like Limbaugh, etc., and grow increasingly concerned at the ignorance that is rampant within individuals like him and his followers.
The lethargy contained within the overwhelmingly large portion of the conservatives in this nation is insidious, and will one day serve as the example of treason being perpetrated against this nation in this day and age. A modicum of effort is all that is required in order to shine the bright light of truth upon the fallacy of the republican party and its platform today.
Moreover, your view surrounding me "hating anyone or anything republican" couldn't be further from the truth. I oppose lies, deceit, and pandering to the wealthy 1% of this nation, as well as providing precious constitutional rights to face-less and soulless corporations while simultaneously failing to require of them that they operate within the confines of those very same constitutional rights with respect to their employees, and failing to hold them accountable when they do not.
The SCOTUS decision granting corporations constitutional rights is a blatant act of treason IMHO due to the fact it reduces the vote of the individual citizen to the status of toilet paper, and facilitates the buying of positions of power within the government. And yet it is a cornerstone of today's party platform for the republican party, and no wonder given the fact they have been pandering to the wealthy and rich corporations for decades.
Finally, your brush loaded with the broad-strokes of ignorance misses the mark as you paint liberals and socialists into one category. If you are truly a learned individual you will understand how torpid such actions appear.
Quote from: Palehorse on January 01, 2013, 05:42:43 PM
Another hallmark of the closeted, sheet wearing republican party; quick to judge. (Why am I not surprised?)
You have read, at best, two or three of my postings and already know where I stand on everything from the fiscal cliff to economics, and my political compass as well. Amazing. You should be providing readings on line.
I'll explain the sheet wearing thing in one word; racism. And it doesn't matter if you are an individual of color, or are married to a person of color, or your best friends are people of color. What matters are your choices in life and how they reflect upon the values you hold close to your heart.
By proxy, when you side with the sheet wearers you are supporting racism and the ugly scourge it imposes upon this nation and society as a whole. Legally, it does not matter whether you are cognizant of it or not. The fact that the Tea-Billies put into office by your party are by-and-large the leaders amongst the sheet wearing sector of the republican party, (That Paul boy in KY, is a prime example of this), only validates that the republican party holds foundational beliefs rooted in racism close to their hearts, and by proxy its membership. And the average American citizen is not blinded by these facts as the last presidential election clearly demonstrated.
Despite the cornucopia of lies put forth by the false idols of the republican party, they lost. And they will continue to lose until they embrace the change necessary to atone for their transgressions against the American citizens and this nation. They are becoming increasingly irrelevant in present day America, and are doomed to extinction should they continue down the path they tread.
And in as much as it may serve to disappoint you, I do care deeply about truth and reality; so much so that I take slices of time from my valuable clock each and every day in order to ensure that truth and reality are injected into the limited lives of those who would eat greedily at the trough of disillusionment that is so deep and wide within the media today. I scoff at the party mouth-pieces like Limbaugh, etc., and grow increasingly concerned at the ignorance that is rampant within individuals like him and his followers.
The lethargy contained within the overwhelmingly large portion of the conservatives in this nation is insidious, and will one day serve as the example of treason being perpetrated against this nation in this day and age. A modicum of effort is all that is required in order to shine the bright light of truth upon the fallacy of the republican party and its platform today.
Moreover, your view surrounding me "hating anyone or anything republican" couldn't be further from the truth. I oppose lies, deceit, and pandering to the wealthy 1% of this nation, as well as providing precious constitutional rights to face-less and soulless corporations while simultaneously failing to require of them that they operate within the confines of those very same constitutional rights with respect to their employees, and failing to hold them accountable when they do not.
The SCOTUS decision granting corporations constitutional rights is a blatant act of treason IMHO due to the fact it reduces the vote of the individual citizen to the status of toilet paper, and facilitates the buying of positions of power within the government. And yet it is a cornerstone of today's party platform for the republican party, and no wonder given the fact they have been pandering to the wealthy and rich corporations for decades.
Finally, your brush loaded with the broad-strokes of ignorance misses the mark as you paint liberals and socialists into one category. If you are truly a learned individual you will understand how torpid such actions appear.
Hum, Johnson was openly against the blacks and segregation and Bird was a card carrying KKK higher up at one time and the conservatives are racist???????
Quote from: RC on January 01, 2013, 05:05:08 PM
Horse:
I read your post, it is very clear that truth and reality mean nothing to you. It seems that anyone who says anything that does not agree with your warp idea of how the country should be is a not telling the truth. You hate anything and anyone who is republican. Please explain to me about this sheet wearing thing, I have been a card carrying republican for years and have never had to buy a sheet to go to the meetings. We agree on the fact there are some roaches in the republican party. They long to be a liberal/socialist, but do not have the guts to change over.
First thing I have read from you RC. And you sound full of shit just like "ME" and Henry. :wink: :biggrin: With you and the twins, we have the Three Stooges. :haha: :haha:
Quote from: me on January 01, 2013, 07:45:01 PM
Hum, Johnson was openly against the blacks and segregation and Bird was a card carrying KKK higher up at one time and the conservatives are racist???????
SOOOOOOOO EEEEEEEEEEEE! Time tah slop the hawgs y'all! :pigfly:
:pigfly:
:pigfly:
:pigfly:
:pigfly:
:pigfly:
:pigfly: :pigfly: :pigfly: :pigfly: :pigfly: :pigfly: :pigfly: :pigfly: :pigfly: :pigfly: :pigfly: :pigfly: :
:pigfly: :pigfly: :pigfly: :pigfly: :pigfly: :pigfly: :pigfly: :pigfly: :pigfly: :pigfly: :pigfly: :pigfly:
:pigfly:
:pigfly:
:pigfly:
:pigfly:
:pigfly:
:pigfly:
Quote from: me on January 01, 2013, 07:45:01 PM
Hum, Johnson was openly against the blacks and segregation and Bird was a card carrying KKK higher up at one time and the conservatives are racist???????
Things change in 50 or 60 years...everything except you, that is.
snopes.com: Medical Device Excise Tax
www.snopes.com
Health care legislation imposes a 2.3% excise tax on the sale of medical devices as of 1 January 2013?
So what?
Quote from: Exterminator on January 02, 2013, 11:06:25 PM
So what?
So do you really think that's a smart thing to do? Those medical devices help many people and it will now add to the cost of them. Who do you think that will hurt in the long run?
Quote from: Exterminator on January 02, 2013, 11:06:25 PM
So what?
You will think,"so what" when you need a medical device and you can not get one, because no bothers to make them in America because of the tax or, they have to be shipped from China with dirty infected parts. Remember that your suffering will be for the greater good.
Quote from: RC on January 03, 2013, 09:05:09 AM
You will think,"so what" when you need a medical device and you can not get one, because no bothers to make them in America because of the tax or, they have to be shipped from China with dirty infected parts. Remember that your suffering will be for the greater good.
Exactly. Why do they never look at the unintended consequences?
Hyperbole. Maybe the gravitational pull from the tax will suck an asteroid in that will destroy the earth! :rolleyes:
Quote from: me on January 03, 2013, 09:14:21 AM
Exactly. Why do they never look at the unintended consequences?
I feel and hear your pain. :haha: :haha: :haha: Like you really care. :pigdance:
Quote from: The Troll on January 03, 2013, 12:42:45 PM
I feel and hear your pain. :haha: :haha: :haha: Like you really care. :pigdance:
Laugh while you can big boy 'cause reality is gonna sink in sooner or later. Of course with you it will probably be later......much later.
:rolleyes:
Quote from: RC on January 03, 2013, 09:05:09 AM
You will think,"so what" when you need a medical device and you can not get one, because no bothers to make them in America because of the tax or, they have to be shipped from China with dirty infected parts. Remember that your suffering will be for the greater good.
Tell me which brand(s) of glucometers, (medical devices), are manufactured within the United States? You know what they are? They are the meters people with diabetes use to test their blood sugar levels.
There were 25.8 million people in the US in 2011 that were diagnosed with this disease.
You might want to read the article and some of the material linked to within the article before you go trying to make it look like no big deal. It has little to do with where it's made once it gets here.
snopes.com
Search
Medical Device Excise Tax
Claim: Health care legislation imposes a 2.3% excise tax on the sale of medical devices as of 1 January 2013.
TRUE
Example: [Collected on Facebook, January 2013]
OK.... Here comes some of those Obama care taxes on Jan 1, 2013. Soon every purchase you make, there will more taxes. On 103.98 I was charged 8.58 for Texas state taxes. And then Obama care medical tax another 2.39. So the more you spend , the more goes to the "so called free Obama care".
Let the ObamaCare fun begin! Clothing now counts as being taxed under the ObamaCare because it "alters the function of the body" See blurb below. I wish more companies would have the balls to do it the way Cabella's is, but most will bury it the cost of the product.
The new law provides that any device defined in §201(h) of the Federal Food, Drug, & Cosmetic Act (FFDCA) that is intended for humans will be taxable. The FFDCA is written very broadly to include instruments, machines, implants and in vitro reagents, among others. §201(h) also includes associated parts and accessories, which are (1) recognized in the official National Formulary, or the United States Pharmacopeia, or any supplement to them; (2) intended for use in the diagnosis, cure, treatment or prevention of disease or other conditions, or (3) intended to affect the structure or any function of the body,excluding products relying on a chemical reaction within or on the body or being metabolized to achieve their primary intended purposes.
Included is a copy of a Cabela's receipt that charges a Medical Excise Tax of $11.97. This is what the guy said he bought:
3 pair of hiker socks
2 safe door pocket organizers
1 pair female boots
1 female jacket
1 female workout pant
1 Lyman sonic brass cleaner
The receipt total was $520.82. 2.3% of that is
................................ drum roll please
.......................................... $11.97.
Origins: One of the provisions in the reconciliation bill (HR 4872) passed in conjunction with the Patient Protection Affordable Care Act (PPACA) health care legislation, also known as "Obamacare," institutes a 2.3% tax on the first sale of medical devices as of 1 January 2013. (Technically the medical device tax is an excise tax which applies only to manufacturers, producers, or importers and is not to be paid directly by consumers, but the costs of such taxes are typically passed along to consumers through higher prices.)
The text of the legislation states that the roster of "taxable medical devices" does not include "eyeglasses, contact lenses, hearing aids, and any other medical device determined to be of a type that is generally purchased by the general public at retail for individual use."
Anticipating what constitutes a "taxable medical device" under this legislation can be rather confusing, as explained in a July 2012 tax adviser article:
Under Sec. 4191(b)(1), a taxable medical device is a device, as defined in Section 201(h) of the Federal Food, Drug, and Cosmetic Act (FFDCA) (21 U.S.C. §321(h)), that is intended for humans. The latter provision defines "device" as an "instrument, apparatus, implement, machine, contrivance, implant, in vitro reagent, or other similar or related article" — including "any component, part, or accessory" — that meets certain requirements. The device must be:
(1) Recognized in the official National Formulary, or the United States Pharmacopeia, or any supplement to them;
(2) Intended for use in the diagnosis of disease or other conditions, or in the cure, mitigation, treatment, or prevention of disease in man or other animals; or
(3) Intended to affect the structure or any function of the body of man or other animals.
The device must also "not achieve its primary intended purposes through chemical action within or on the body of man or other animals" and not depend "upon being metabolized for the achievement of its primary intended purposes." Sec. 4191(b)(1) limits the definition for purposes of the tax to devices intended for humans.
Under what is commonly called the "retail exemption," the tax provision does not apply to eyeglasses, contact lenses, hearing aids, and any other medical device determined by Treasury to be of a type that is commonly purchased by the general public at retail for individual use.
As stated in the Joint Committee on Taxation's Technical Explanation of the Revenue Provisions of the "Reconciliation Act of 2010," as Amended, in Combination With the "Patient Protection and Affordable Care Act" (JCX-18-10), p. 138 (March 21, 2010), Treasury may determine that a specific medical device is exempt if the device generally is sold at retail establishments (including over the internet) to individuals for their personal use.
The exemption is not limited by device class as defined in Section 513 of the FFDCA (21 U.S.C. §360c). For example, items purchased by the general public at retail for individual use could include Class I items, such as certain bandages and tipped applicators; Class II items, such as certain pregnancy test kits and diabetes testing supplies; and Class III items, such as certain denture adhesives and snakebite kits. Such items would be exempt only if they generally are designed and sold for individual use. In this regard, Congress anticipated that Treasury will publish a list of medical device classifications that are of a type commonly purchased by the general public at retail for individual use.
According to proposed regulations issued by the Internal Revenue Service in February 2012, the medical items which would be exempt from the tax because they are "commonly purchased by the general public at retail for individual use" should be determined as:
A device will be considered to be of a type generally purchased by the general public at retail for individual use if it is regularly available for purchase and use by individual consumers who are not medical professionals, and if the design of the device demonstrates that it is not primarily intended for use in a medical institution or office or by a medical professional.
The following factors suggest that a device is of a type that is regularly available for purchase and use by individual consumers who are not medical professionals:
(A) Consumers who are not medical professionals can purchase the device through retail businesses that also sell items other than medical devices, such as drug stores, supermarkets, and similar vendors.
(B) Consumers who are not medical professionals can use the device safely and effectively for its intended medical purpose with minimal or no training from a medical professional.
(C) The device is classified by the FDA under Subpart D of 21 CFR Part 890 (Physical Medicine Devices).
Why the medical device excise tax should have been applied to all the items listed in the receipts pictured above is something of a mystery. The state of Texas (where these
receipts are said to have originated) allows sellers to pass along the expense of the new medical device excise tax to customers by "separately stating a line item charge on the invoice or receipt given to their customers for 'Federal Excise Tax' or something similar," but the vendor, Cabela's, is a retailer of hunting, fishing, camping and related outdoor recreation merchandise not known for selling medical devices, and the items listed in the receipts (such as a Ruger Attache Pistol Case) would not seem by any stretch of the imagination to fit FDA definitions of medical devices. It's possible that some vendors switched over to new sales software on 1 January 2013 that was programmed to accommodate the new tax but improperly applied it to all purchases rather than just those of qualifying medical devices.
(Some Cabela's customers have since told us that they were informed the chain's cash registers did indeed manifest a glitch starting on 1 January 2013 that improperly imposed the medical device excise tax surcharge on non-qualifying merchandise and were advised to contact Cabela's customer service department and request refunds for the overcharges.)
Last updated: 2 January 2013
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This material may not be reproduced without permission.
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Read more at http://www.snopes.com/politics/taxes/medicaldevice.asp#U9BrLhee1hikQuEw.99
Some Cabela's customers have since told us that they were informed the chain's cash registers did indeed manifest a glitch starting on 1 January 2013 that improperly imposed the medical device excise tax surcharge on non-qualifying merchandise and were advised to contact Cabela's customer service department and request refunds for the overcharges.
Quote from: Olias on January 03, 2013, 03:06:09 PM
Some Cabela's customers have since told us that they were informed the chain's cash registers did indeed manifest a glitch starting on 1 January 2013 that improperly imposed the medical device excise tax surcharge on non-qualifying merchandise and were advised to contact Cabela's customer service department and request refunds for the overcharges.
Yep! I read that when she first posted the link. ;D
Does this really surprise you?
When anyone hints that what she says is slightly awry and she ought to research a bit deeper and give what she is implying a bit more thought, she gets all defensive and wants to strike out, instead of doing the research. Then, when she should apologize for a half-truth that she proffered as an absolute, she becomes embarrassed and starts looking for someone else to blame for her half-assed attempt to enter onto the playing field.
Instead of heeding the warnings, she, in her "hubris" screams the point even louder.
That usually happens to someone new to the research process, and, in that case, is excusable.
Trouble is, she repeats, and repeats, and repeats..........ad infinitum, ad nauseum.
I'm not a bit surprised that's all you paid attention to and I knew that was there when I posted it but the main part of it is not a mistake. No wonder you can't see what's going on around you. :rolleyes:
Medical Device Excise Tax
Claim: Health care legislation imposes a 2.3% excise tax on the sale of medical devices as of 1 January 2013.
TRUE
Quote from: followsthewolf on January 03, 2013, 03:35:28 PM
Does this really surprise you?
When anyone hints that what she says is slightly awry and she ought to research a bit deeper and give what she is implying a bit more thought, she gets all defensive and wants to strike out, instead of doing the research. Then, when she should apologize for a half-truth that she proffered as an absolute, she becomes embarrassed and starts looking for someone else to blame for her half-assed attempt to enter onto the playing field.
Instead of heeding the warnings, she, in her "hubris" screams the point even louder.
That usually happens to someone new to the research process, and, in that case, is excusable.
Trouble is, she repeats, and repeats, and repeats..........ad infinitum, ad nauseum.
She is, however, willing to nicely illustrate your point for you! :biggrin:
http://www.boston.com/news/local/massachusetts/2013/01/02/new-tax-medical-device-firms-takes-effect/lNbZ7AS4Ds1kVGVDzKoAHN/story.html
http://www.wcvb.com/health/New-medical-device-tax-takes-effect/-/9848730/17984062/-/rh1i46/-/index.html
http://www.news10.com/story/20485306/new-tax-on-medical-device-firms-takes-effect
http://www.blackenterprise.com/money/5-tax-changes-that-take-effect-in-2013/
Either read or don't the choice is yours but this is as far as I go with it. Oh, PH I did the research, what I posted is true and, like I said, I get shit anyway soooo, as I stated before, I will not go to any lengths to do it ever again.
Quote from: me on January 03, 2013, 02:14:43 PM
Let the ObamaCare fun begin! Clothing now counts as being taxed under the ObamaCare because it "alters the function of the body"
Included is a copy of a Cabela's receipt that charges a Medical Excise Tax of $11.97. This is what the guy said he bought:
3 pair of hiker socks
2 safe door pocket organizers
1 pair female boots
1 female jacket
1 female workout pant
1 Lyman sonic brass cleaner
The receipt total was $520.82. 2.3% of that is
................................ drum roll please
.......................................... $11.97.
(Some Cabela's customers have since told us that they were informed the chain's cash registers did indeed manifest a glitch starting on 1 January 2013 that improperly imposed the medical device excise tax surcharge on non-qualifying merchandise and were advised to contact Cabela's customer service department and request refunds for the overcharges.)
"Clothing now counts as being taxed under the ObamaCare because it "alters the function of the body"
This seems to be your original premise. And it has been proven wrong.
Quote from: Olias on January 03, 2013, 05:25:50 PM
"Clothing now counts as being taxed under the ObamaCare because it "alters the function of the body"
This seems to be your original premise. And it has been proven wrong.
No, that was not my intent and you damn well know it so stop with the stupid shit and stick to the intent which was proving a point about all the new regulations which are now coming into effect. Ya'll are truly blind.
Quote from: me on January 03, 2013, 05:35:04 PM
No, that was not my intent and you damn well know it so stop with the stupid shit and stick to the intent which was proving a point about all the new regulations which are now coming into effect. Ya'll are truly blind.
:pigdance: "ME" crying :cry: :cry: about ObamaCare. :wink: Just watch, she will use every benefit it has when she needs it. :yes: :haha:
Quote from: me on January 03, 2013, 02:14:43 PM
You might want to read the article and some of the material linked to within the article before you go trying to make it look like no big deal. It has little to do with where it's made once it gets here.
snopes.com
Search
Medical Device Excise Tax
Claim: Health care legislation imposes a 2.3% excise tax on the sale of medical devices as of 1 January 2013.
TRUE
Example: [Collected on Facebook, January 2013]
OK.... Here comes some of those Obama care taxes on Jan 1, 2013. Soon every purchase you make, there will more taxes. On 103.98 I was charged 8.58 for Texas state taxes. And then Obama care medical tax another 2.39. So the more you spend , the more goes to the "so called free Obama care".
Let the ObamaCare fun begin! Clothing now counts as being taxed under the ObamaCare because it "alters the function of the body" See blurb below. I wish more companies would have the balls to do it the way Cabella's is, but most will bury it the cost of the product.
The new law provides that any device defined in §201(h) of the Federal Food, Drug, & Cosmetic Act (FFDCA) that is intended for humans will be taxable. The FFDCA is written very broadly to include instruments, machines, implants and in vitro reagents, among others. §201(h) also includes associated parts and accessories, which are (1) recognized in the official National Formulary, or the United States Pharmacopeia, or any supplement to them; (2) intended for use in the diagnosis, cure, treatment or prevention of disease or other conditions, or (3) intended to affect the structure or any function of the body,excluding products relying on a chemical reaction within or on the body or being metabolized to achieve their primary intended purposes.
Included is a copy of a Cabela's receipt that charges a Medical Excise Tax of $11.97. This is what the guy said he bought:
3 pair of hiker socks
2 safe door pocket organizers
1 pair female boots
1 female jacket
1 female workout pant
1 Lyman sonic brass cleaner
The receipt total was $520.82. 2.3% of that is
................................ drum roll please
.......................................... $11.97.
Origins: One of the provisions in the reconciliation bill (HR 4872) passed in conjunction with the Patient Protection Affordable Care Act (PPACA) health care legislation, also known as "Obamacare," institutes a 2.3% tax on the first sale of medical devices as of 1 January 2013. (Technically the medical device tax is an excise tax which applies only to manufacturers, producers, or importers and is not to be paid directly by consumers, but the costs of such taxes are typically passed along to consumers through higher prices.)
The text of the legislation states that the roster of "taxable medical devices" does not include "eyeglasses, contact lenses, hearing aids, and any other medical device determined to be of a type that is generally purchased by the general public at retail for individual use."
Anticipating what constitutes a "taxable medical device" under this legislation can be rather confusing, as explained in a July 2012 tax adviser article:
Under Sec. 4191(b)(1), a taxable medical device is a device, as defined in Section 201(h) of the Federal Food, Drug, and Cosmetic Act (FFDCA) (21 U.S.C. §321(h)), that is intended for humans. The latter provision defines "device" as an "instrument, apparatus, implement, machine, contrivance, implant, in vitro reagent, or other similar or related article" — including "any component, part, or accessory" — that meets certain requirements. The device must be:
(1) Recognized in the official National Formulary, or the United States Pharmacopeia, or any supplement to them;
(2) Intended for use in the diagnosis of disease or other conditions, or in the cure, mitigation, treatment, or prevention of disease in man or other animals; or
(3) Intended to affect the structure or any function of the body of man or other animals.
The device must also "not achieve its primary intended purposes through chemical action within or on the body of man or other animals" and not depend "upon being metabolized for the achievement of its primary intended purposes." Sec. 4191(b)(1) limits the definition for purposes of the tax to devices intended for humans.
Under what is commonly called the "retail exemption," the tax provision does not apply to eyeglasses, contact lenses, hearing aids, and any other medical device determined by Treasury to be of a type that is commonly purchased by the general public at retail for individual use.
As stated in the Joint Committee on Taxation's Technical Explanation of the Revenue Provisions of the "Reconciliation Act of 2010," as Amended, in Combination With the "Patient Protection and Affordable Care Act" (JCX-18-10), p. 138 (March 21, 2010), Treasury may determine that a specific medical device is exempt if the device generally is sold at retail establishments (including over the internet) to individuals for their personal use.
The exemption is not limited by device class as defined in Section 513 of the FFDCA (21 U.S.C. §360c). For example, items purchased by the general public at retail for individual use could include Class I items, such as certain bandages and tipped applicators; Class II items, such as certain pregnancy test kits and diabetes testing supplies; and Class III items, such as certain denture adhesives and snakebite kits. Such items would be exempt only if they generally are designed and sold for individual use. In this regard, Congress anticipated that Treasury will publish a list of medical device classifications that are of a type commonly purchased by the general public at retail for individual use.
According to proposed regulations issued by the Internal Revenue Service in February 2012, the medical items which would be exempt from the tax because they are "commonly purchased by the general public at retail for individual use" should be determined as:
A device will be considered to be of a type generally purchased by the general public at retail for individual use if it is regularly available for purchase and use by individual consumers who are not medical professionals, and if the design of the device demonstrates that it is not primarily intended for use in a medical institution or office or by a medical professional.
The following factors suggest that a device is of a type that is regularly available for purchase and use by individual consumers who are not medical professionals:
(A) Consumers who are not medical professionals can purchase the device through retail businesses that also sell items other than medical devices, such as drug stores, supermarkets, and similar vendors.
(B) Consumers who are not medical professionals can use the device safely and effectively for its intended medical purpose with minimal or no training from a medical professional.
(C) The device is classified by the FDA under Subpart D of 21 CFR Part 890 (Physical Medicine Devices).
Why the medical device excise tax should have been applied to all the items listed in the receipts pictured above is something of a mystery. The state of Texas (where these
receipts are said to have originated) allows sellers to pass along the expense of the new medical device excise tax to customers by "separately stating a line item charge on the invoice or receipt given to their customers for 'Federal Excise Tax' or something similar," but the vendor, Cabela's, is a retailer of hunting, fishing, camping and related outdoor recreation merchandise not known for selling medical devices, and the items listed in the receipts (such as a Ruger Attache Pistol Case) would not seem by any stretch of the imagination to fit FDA definitions of medical devices. It's possible that some vendors switched over to new sales software on 1 January 2013 that was programmed to accommodate the new tax but improperly applied it to all purchases rather than just those of qualifying medical devices.
(Some Cabela's customers have since told us that they were informed the chain's cash registers did indeed manifest a glitch starting on 1 January 2013 that improperly imposed the medical device excise tax surcharge on non-qualifying merchandise and were advised to contact Cabela's customer service department and request refunds for the overcharges.)
Last updated: 2 January 2013
Urban Legends Reference Pages © 1995-2013 by Barbara and David P. Mikkelson.
This material may not be reproduced without permission.
snopes and the snopes.com logo are registered service marks of snopes.com.
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Read more at http://www.snopes.com/politics/taxes/medicaldevice.asp#U9BrLhee1hikQuEw.99
Was I talking to you? Wow. . .
Quote from: me on January 03, 2013, 05:06:46 PM
http://www.boston.com/news/local/massachusetts/2013/01/02/new-tax-medical-device-firms-takes-effect/lNbZ7AS4Ds1kVGVDzKoAHN/story.html
http://www.wcvb.com/health/New-medical-device-tax-takes-effect/-/9848730/17984062/-/rh1i46/-/index.html
http://www.news10.com/story/20485306/new-tax-on-medical-device-firms-takes-effect
http://www.blackenterprise.com/money/5-tax-changes-that-take-effect-in-2013/
Either read or don't the choice is yours but this is as far as I go with it. Oh, PH I did the research, what I posted is true and, like I said, I get shit anyway soooo, as I stated before, I will not go to any lengths to do it ever again.
As Exterminator said before, so what?
There is a 2.3% excise tax going on medical devices. <----- So what?
Did you miss this in your very own article?
"But proponents of the tax say the industry will benefit from the increased number of Americans who will have access to health insurance under the new law."
Quote from: me on January 02, 2013, 07:01:17 PM
snopes.com: Medical Device Excise Tax
www.snopes.com
Health care legislation imposes a 2.3% excise tax on the sale of medical devices as of 1 January 2013?
And yet you say
nothing about the premium increases of 30% or higher that are imposed almost nationwide by carriers?
That or forced purchase of high deductible plans by employers, which more than
double the annual cost for healthcare insurance for zero benefit.
That's how the world works. The more restrictions and regulations there are the harder and more expensive it is to do business and the more it costs them the more it costs the consumer. Vicious cycle any way you look at it.
Quote from: me on January 03, 2013, 05:35:04 PM
No, that was not my intent and you damn well know it so stop with the stupid shit and stick to the intent which was proving a point about all the new regulations which are now coming into effect. Ya'll are truly blind.
You talk about stupid? How stupid is it to post an article about a medical excise tax being MISTAKENLY charged on a Ruger pistol case?
The only point you proved is how stupid the shit you post really is.
You see, Olias, how useless it is to carry on a dialogue.
Like trying to hold onto a hagfish.
Only the hagfish has more intelligence.
Here is the bottom line to this thread....
The Avalanche Of New Obamacare Rules Will Come In January, 2013 (http://www.forbes.com/sites/gracemarieturner/2012/10/28/the-avalanche-of-new-obamacare-rules-will-come-in-january-2013/)
Changes are coming........and my opinion is the more Washington is involved in our daily affairs, it is usually NOT a good thing.
Quote from: Olias on January 04, 2013, 08:40:37 AM
You talk about stupid? How stupid is it to post an article about a medical excise tax being MISTAKENLY charged on a Ruger pistol case?
The only point you proved is how stupid the shit you post really is.
Not stupid at all when it contains fact also which was the main intent of the posting not for the mistaken charge other than to show the problems arising from the new regulation/charge and how confusing it is. Either accept it or don't I could care less.
Quote from: Henry Hawk on January 04, 2013, 09:03:36 AM
Here is the bottom line to this thread....
The Avalanche Of New Obamacare Rules Will Come In January, 2013 (http://www.forbes.com/sites/gracemarieturner/2012/10/28/the-avalanche-of-new-obamacare-rules-will-come-in-january-2013/)
Changes are coming........and my opinion is the more Washington is involved in our daily affairs, it is usually NOT a good thing.
HH we can post 'til we're blue in the face and they aren't going to accept it or believe it until it impacts them and then they're gonna figure out a way to blame the conservatives rather than admit they were wrong or accept what we've been trying to tell them all along.
Quote from: me on January 04, 2013, 10:40:24 AM
HH we can post 'til we're blue in the face and they aren't going to accept it or believe it...
Because you have no idea what you're talking about.
Quote...until it impacts them and then they're gonna figure out a way to blame the conservatives rather than admit they were wrong or accept what we've been trying to tell them all along.
Yes, we've all heard your doom and gloom predictions before and none of them have ever been accurate.
Quote from: Exterminator on January 04, 2013, 11:14:04 AM
Because you have no idea what you're talking about.
Yes, we've all heard your doom and gloom predictions before and none of them have ever been accurate.
Yep, all of the doom an gloom predictions on Obama. They, "ME" and the Hawker seem to forget that all of these laws have to go through the Tea Party stacked House of Representives. :rolleyes:
We haven't seen the worse coming over the nation debt and a government shut down. :rant: These damn Republicans are fixing to shut it down. :yes: The Turd Republicans will actually tear this country down to get their way and protect the super rich and corporations. :yes:
The war on the middle class, poor, sick people is far from being over. JUST WATCH And SEE WHAT THE REPUBLICANS ARE WILLING TO DO. :zoners:
Quote from: The Troll on January 04, 2013, 12:07:23 PM
Yep, all of the doom an gloom predictions on Obama. They, "ME" and the Hawker seem to forget that all of these laws have to go through the Tea Party stacked House of Representives. :rolleyes:
We haven't seen the worse coming over the nation debt and a government shut down. :rant: These damn Republicans are fixing to shut it down. :yes: The Turd Republicans will actually tear this country down to get their way and protect the super rich and corporations. :yes:
The war on the middle class, poor, sick people is far from being over. JUST WATCH And SEE WHAT THE REPUBLICANS ARE WILLING TO DO. :zoners:
You are just all ate up dude! and are so blinded by propaganda, it is so very, very pathetic. Obama has gotten everything he wants....his HC plan...and his tax hikes .......if we fail.......it is HIM to blame. Quit trying to cover his ass now by blaming republicans.
Can YOU ever be accountable for your own actions?
Quote from: Henry Hawk on January 04, 2013, 12:22:37 PM
You are just all ate up dude! and are so blinded by propaganda, it is so very, very pathetic. Obama has gotten everything he wants....his HC plan...and his tax hikes .......if we fail.......it is HIM to blame. Quit trying to cover his ass now by blaming republicans.
Can YOU ever be accountable for your own actions?
You wait and see, get out your well used Crack Pipe. Just wait, you haven't seen just how stupid your brain dead GOP has become. :zoners:
Quote from: Henry Hawk on January 04, 2013, 12:22:37 PM
. . .Obama has gotten everything he wants....his HC plan...and his tax hikes .......if we fail.......it is HIM to blame. Quit trying to cover his ass now by blaming republicans.
. . .
I'd
almost be willing to 1/4 agree with you on this except for the saber rattling the Tea Billies are doing, saying there will be "consequences". . .
To me that means more filibustering, more bull-shite, and oh, big surprise here, more "NO". (Just like they did to the people in the midwest and east coast over disaster relief). :rolleyes: :rolleyes: :rolleyes:
If that continues then come 2014 there will indeed be consequences. . . for the republican controlled house! :yes: