If Obama is elected and he gets the income and capital gains tax increase will it be wrong to take your money?

and invest it in foreign stocks and banks because you do not want to support Obama's new social programs.If Obama is elected and he gets the income and capital gains tax increase will it be wrong to take your money?http://answers.yahoo.com/dir/index;_ylt=鈥?/a>If Obama is elected and he gets the income and capital gains tax increase will it be wrong to take your money?
Wrong or not my money is going offshore if Obama is electedIf Obama is elected and he gets the income and capital gains tax increase will it be wrong to take your money?100 top economist say obama's plan is a disaster for america.can they all be wrong?
He says he wants to lower regular taxes, but increase the Capital Gains and other taxes (on the rich). I'm not sure if he realizes, but all of his friends that will be trying to get out from under those bad loans will want no part of a Capital Gains tax (or death tax) increaseIf Obama is elected and he gets the income and capital gains tax increase will it be wrong to take your money?Yes he will I agree and for UGK- That is not an intellectual statement for Black people to go vote Obama because he's Black. Three of my best friends are black, well educated and know he is the wrong decision. Will his color save your future? Absolutely not! Will Mccains experience and wisdom YES!If Obama is elected and he gets the income and capital gains tax increase will it be wrong to take your money?
What capital gains?
If we continue to be a debtor nation the value of the dollar will continue to be devalued. You can be a millionaire under the Republicans plan but what will it get you? Someone has to start to pay down the debt we are in. Do you really think it should come from the middle and lower income citizens in our great country. The top 5% have more than the bottom 95%. The disparity between executive vs. worker is 411%. Now ask yourself this question but be honest.



Wow, what a bunch of Patriots! You all have the guts to question Obama's patriotism.If Obama is elected and he gets the income and capital gains tax increase will it be wrong to take your money?
until private property ownership is repealed, it is not illegal to take your capital out of the country.



what is illegal is:



a) to fail to report your ownership of foreign assets to the Treasury on the prescribed form each year, and



b) to fail to pay US taxes on your total world-wide income.





*** exception ***

Until three years after you have permanently left the US, or a specific treaty allows a shorter time period. In the IRC, permanently means that you have not been in the US for any reason more than 30 days in any of the calendar years involved.
It will be wrong to increase the capital gains tax.

It is a proven fact that once the capital gains tax was lowered to 15% more money went into the government coffers because of more investment. Obama seems intent on raising the capital gains tax which tells me that his purpose is to simply raise taxes on those who have the money to invest, not to have more money to spend on his social programs.

Right or wrong, people will invest their money where it will benefit them the most.
I think that is what people are doing right now - shifting their money overseas to protect against the certain tax increases from President Obama.



He has for all intents and purposes won the election - and now the markets which are always hedging on futures are reacting to that news.
The US government would still tax your gains like they would on any US based investment. What would you gain other than possibly financing something you may regret later?
They can donate it to charity, I would hope :-)
If Obama is elected, there won't be many businesses left in the US to invest in and the ones that remain will struggle. Obama's policy proposals will cause big problems for our economy. Especially since he'll have a free pass with a Dem controlled Senate and House. These are scary times. WIth the Dow down so much, I would normally start buying again since many stocks are grossly undervalued right now. The Obama factor is causing me not to do this. These companies are sound right now but under an Obama administration our recession/correction could turn into major, long-term economic decline.
I agree w/paulo. Obama will kill the American dream. And to UGK, to vote for someone just because of his color is just plain stupid! I am voting for McCain black or white. I don't care what color Obama's skin is, he should not be our president for so many reasons.

From your post here it sounds like you are racist.



Some of Obama鈥檚 Friends:



Black Panther Lawyer, college professor and fanatic racists Muslim Demagogue Khalid al Mansour (aka Donald Warren) He helped Obama get admitted to Harvard Law School.



Syrian born real estate developer, slumlord and convicted briber Antion (Tony) Resko (Obama鈥檚 biggest campaign donor) Obama also represented slumlord as laywer.



Journalist , poet, jazz critic, %26amp; Communist Party USA Member Frank Marshal Davis (Young Obama鈥檚 Beloved Mentor Frank)



College Professor and Terrorist Bomber of the Pentagon and US Capital, Bill Ayers (He launched Obama鈥檚 first campaign in his living room %26amp; ran 2 non profit foundations with Obama) He elected Obama to give the foundations money to radicalize education. Obama did this for 5 years!



Rev Wright 鈥?Obama went to his church for 20 years!



Muslim leader Louis Farrakhan



Acorn - He taught classes there, was their lawyer and recently donated $800K to them, hummm and they are the ones who are creating all this voter fraud again!



Fanny May and Freddy Mac - A review of Federal Election Commission records back to 1989 reveals Obama in his three complete years in the Senate is the second largest recipient of Freddie Mac and Fannie Mae campaign contributions, behind only Sen. Christopher Dodd, D-Conn., the powerful chairman of the Senate banking committee. Dodd was first elected to the Senate in 1980.



According to OpenSecrets.com, from 1989 to 2008, Dodd received $165,400 in Fannie Mae and Freddie Mac campaign contributions, including contributions from PACs and individuals, followed by Obama, who received $126,349 in such contributions since being elected to the Senate in 2004.



In contrast, McCain warned of the coming mortgage crisis as he pressed in 2005 for regulatory reform of Fannie Mae and Freddie Mac.



Obama will not show his birth certificate and other documents to prove he is a US citizen.


Taxes have gotten out of control. I see no hope for EITHER candidate to cut cut cut. Why do we need a federal department of education? GIVE ME A BREAK.



Americans will begin to avoid taxes, to feed their FAMILIES!



Screw libs.



Vote conservative.. too bad there is no conservative choice. (oh.. bob barr? hmmm
Obama said that he will cut taxes for 95% of small businesses. Actually, the number is 98% because 98% of small businesses make less than $250,000 per year. Obama will further cut taxes on small businesses for 2 years when a small business creates 6 new jobs in an urban area or 3 new jobs in a rural area.



Obama does not hide the fact that he will raise taxes on people making over $250,000 but does it really matter to people like me and you? I don't know if you are making over $250,000 per year, but I sure don't.
Yes. It's also wrong for Obama to spend taxpayers earnings on his welfare programs and ACORN and terrorist run education programs for social radicalism.
sweetie...the government has already been taking your money....so how can it be obamas fault.





the answer is no!