GSU4LIFE
Active Member
Ask him who pays for the 26% raise the rich get.
The best of Herman Cain
- Thread starter ROYAL BLUE
- Start date
Ask him who pays for the 26% raise the rich get.
Invest with low income…what a joke
If I’m not on welfare (or living with moms or some chick) and make a minimum wage
After rent, transportation, food, lights, gas, water
How many stocks can I take a chance on?
Any plan that doesn’t demand the creation of “living wage” jobs
To me is a plan for anarchy in the streets, Oh wait aren’t there people
On the Brooklyn bridge now?
If I’m not on welfare (or living with moms or some chick) and make a minimum wage
After rent, transportation, food, lights, gas, water
How many stocks can I take a chance on?
Any plan that doesn’t demand the creation of “living wage” jobs
To me is a plan for anarchy in the streets, Oh wait aren’t there people
On the Brooklyn bridge now?
ROYAL BLUE
New Member
I wasn't poor. I was earning a low income. Secondly, who says that you will pay 18%? The sales tax will be national for all States. It's fair across the board. The federal income tax will be reduced to 9% vs...
Tax Rates for the 2011 Tax Year
2011 Tax Rates
For the year 2011, the same tax rates that applied in 2010 have been extended to apply to the years 2011 and 2012. The Tax Relief Act of 2010 temporarily extends the existing tax rate structure for two more years. Tax rates will change in the year 2013 unless new legislation is passed. For 2011, there will be six tax rates of:
10%,
15%,
25%,
28%,
33%, and
35%.
[Tax Rate Schedule X, Internal Revenue Code section 1(c)]
10% on taxable income from $0 to $8,500, plus
15% on taxable income over $8,500 to $34,500, plus
25% on taxable income over $34,500 to $83,600, plus
28% on taxable income over $83,600 to $174,400, plus
33% on taxable income over $174,400 to $379,150, plus
35% on taxable income over $379,150.
Married Filing Jointly or Qualifying Widow(er) Filing Status
[Tax Rate Schedule Y-1, Internal Revenue Code section 1(a)]
10% on taxable income from $0 to $17,000, plus
15% on taxable income over $17,000 to $69,000, plus
25% on taxable income over $69,000 to $139,350, plus
28% on taxable income over $139,350 to $212,300, plus
33% on taxable income over $212,300 to $379,150, plus
35% on taxable income over $379,150. http://taxes.about.com/od/Federal-Income-Taxes/qt/Tax-Rates-For-The-2011-Tax-Year.htm
GSU4LIFE
Active Member
This is another one of those I got mines.
GSU4LIFE
Active Member
Just going to answer the 1st part of your statement. Hermain Cain doesn't address State sales taxes, so it is assumed they will remain. On top of that states that don't have sales tax Oregon/New Hamp. will now have to pay 9%. Man those people aint going for that. You guys are complaining about the federal mandate for medical, well this federal sales taxes is the same thing.
ROYAL BLUE
New Member
It doesn't have to be stocks. It could be investing in other things. Seriously, there are people in America that have taken a few hundred dollars, invested that into penny stocks and are millionaires today. For example...
ROYAL BLUE
New Member
Be a Penny Stock Millionaire
By Tom Gardner and Rex Moore | More Articles
March 15, 2010 | Comments (1)
Our goal at Motley Fool Hidden Gems is to find the best small companies to own for the next three to 35 years. It's a wonderful aim -- historical data illustrates that small-cap stocks, particularly of the value variety, have substantially outperformed the overall market over the past 40 years.
To optimize our returns, we look to sell our mistakes quickly, hold sound companies for an average of three years, and then, yes, maintain our stakes in the very best of the lot for a quarter of a century or more.
The best time to sell shares of a truly superior small company is almost never. That becomes apparent when you look at the early chart of any winner. There were plenty of times in the early going when superstars like Intel (Nasdaq: INTC ) and IBM (NYSE: IBM ) appeared to have exceeded their "fair value" or become "overextended," in Wall-Street phraseology. But investors selling after these stocks first doubled missed out on some life-changing multibaggers in the years that followed.
It's been over seven years, and our Hidden Gems cumulative returns are gratifying. Despite one of the worst recent climates imaginable for small-cap stocks, our recommendations have beaten the S&P 500 handily.
There's no question that we'll have down periods. Recessions can be nasty for small-company stocks. But over time, we expect to outperform the general market by buying and holding onto the next wave of great American companies.
How do we find them? Think Wal-Mart.
One way to find the future greats is to carefully study the major winners of the past. Relatively few multidecade superstars are whiz-bang technology companies. And while we don't avoid tech stocks in Hidden Gems, they are a minority of our selections. We instead favor sleepy and underfollowed companies with high-quality management. Our unassuming successes thus far include speech-recognition firm Nuance Communications (Nasdaq: NUAN ) and restaurateur Buffalo Wild Wings (Nasdaq: BWLD ) .
But for the ultimate example, think Wal-Mart.
In November 1980, Wal-Mart was trading at a split- and dividend-adjusted $0.16 per share. That's right, $0.16. But let's be clear: The stock was selling at $50 per share then, so it wasn't ever a penny stock. We think it's nearly impossible to become a penny stock millionaire -- despite the mischievous title we placed on this article. No, the greatest stocks are those of real companies, with real earnings. Because of stock splits, some investors think you'll find the next Wally World while searching among 20-cent stocks. You won't.
So what has Wal-Mart done since 1980 (which was a full decade after it went public)?
With the stock trading around $55 as of this writing, it has returned 300 times in value over the past 28 years. A $5,000 investment then is worth some $1.6 million today. That'll clean up a lot of investment mistakes!
But what if we go all the way back to Wal-Mart's IPO, when it became a public company in October 1970? The business was valued at a tiny $21.5 million then. That means the stock is up roughly 10,000 times since. That's more than 27% growth per year, and it would have turned a $5,000 investment into $50 million today.
When the company went public, it raised $4.5 million in cash to pay down debts. Wal-Mart was nothing back then. No one knew about it. Hardly anyone followed it -- while dozens covered the once-iconic Sears (Nasdaq: SHLD ) . None of the big boys on Wall Street really cared about it. And that plays right into Hidden Gems' sweet spot. Wal-Mart went on to be a great American growth story; Sears wallowed, and was eventually snapped up by Eddie Lampert and down-market Kmart. http://www.fool.com/investing/small-cap/2010/03/15/be-a-penny-stock-millionaire.aspx
By Tom Gardner and Rex Moore | More Articles
March 15, 2010 | Comments (1)
Our goal at Motley Fool Hidden Gems is to find the best small companies to own for the next three to 35 years. It's a wonderful aim -- historical data illustrates that small-cap stocks, particularly of the value variety, have substantially outperformed the overall market over the past 40 years.
To optimize our returns, we look to sell our mistakes quickly, hold sound companies for an average of three years, and then, yes, maintain our stakes in the very best of the lot for a quarter of a century or more.
The best time to sell shares of a truly superior small company is almost never. That becomes apparent when you look at the early chart of any winner. There were plenty of times in the early going when superstars like Intel (Nasdaq: INTC ) and IBM (NYSE: IBM ) appeared to have exceeded their "fair value" or become "overextended," in Wall-Street phraseology. But investors selling after these stocks first doubled missed out on some life-changing multibaggers in the years that followed.
It's been over seven years, and our Hidden Gems cumulative returns are gratifying. Despite one of the worst recent climates imaginable for small-cap stocks, our recommendations have beaten the S&P 500 handily.
There's no question that we'll have down periods. Recessions can be nasty for small-company stocks. But over time, we expect to outperform the general market by buying and holding onto the next wave of great American companies.
How do we find them? Think Wal-Mart.
One way to find the future greats is to carefully study the major winners of the past. Relatively few multidecade superstars are whiz-bang technology companies. And while we don't avoid tech stocks in Hidden Gems, they are a minority of our selections. We instead favor sleepy and underfollowed companies with high-quality management. Our unassuming successes thus far include speech-recognition firm Nuance Communications (Nasdaq: NUAN ) and restaurateur Buffalo Wild Wings (Nasdaq: BWLD ) .
But for the ultimate example, think Wal-Mart.
In November 1980, Wal-Mart was trading at a split- and dividend-adjusted $0.16 per share. That's right, $0.16. But let's be clear: The stock was selling at $50 per share then, so it wasn't ever a penny stock. We think it's nearly impossible to become a penny stock millionaire -- despite the mischievous title we placed on this article. No, the greatest stocks are those of real companies, with real earnings. Because of stock splits, some investors think you'll find the next Wally World while searching among 20-cent stocks. You won't.
So what has Wal-Mart done since 1980 (which was a full decade after it went public)?
With the stock trading around $55 as of this writing, it has returned 300 times in value over the past 28 years. A $5,000 investment then is worth some $1.6 million today. That'll clean up a lot of investment mistakes!
But what if we go all the way back to Wal-Mart's IPO, when it became a public company in October 1970? The business was valued at a tiny $21.5 million then. That means the stock is up roughly 10,000 times since. That's more than 27% growth per year, and it would have turned a $5,000 investment into $50 million today.
When the company went public, it raised $4.5 million in cash to pay down debts. Wal-Mart was nothing back then. No one knew about it. Hardly anyone followed it -- while dozens covered the once-iconic Sears (Nasdaq: SHLD ) . None of the big boys on Wall Street really cared about it. And that plays right into Hidden Gems' sweet spot. Wal-Mart went on to be a great American growth story; Sears wallowed, and was eventually snapped up by Eddie Lampert and down-market Kmart. http://www.fool.com/investing/small-cap/2010/03/15/be-a-penny-stock-millionaire.aspx
Last edited:
ROYAL BLUE
New Member
I know plenty of poor folks who could take $1,000 from their $5k-$7k income tax refund and invest that $1k into penny stocks. Why blow all of the money when you can make a small sound investment, that will benefit you and your family in the long run? What if a poor single parent did that for 20-30 years? A 17 year old single parent could be extremely rich before the age of 40. In other words, she's retiring as a rich woman before the age of 50. Why? She didn't blow everything she had on things she didn't need to survive. It's amazing what a little prayer, common sense and discipline can do for a person.
Last edited:
The back side of the middle class continues to get banged out.
While health cost continue to rise
rise in natural gas to heat your house this winter
Constant threats of being laid off the job you do have
Meanwhile…
Welfare recipients receive free housing, medical, and can sleep in late
BUT guess what, it’s not entirely their fault
The rich need the Welfare recipients
EBT goes from the government— to the recipient----from the recipient to the store----from the store back to the government in the form of taxes, not with all the tax breaks
Available
So who’s really on welfare?
the more people on government assistant is good for business owners?
Same as with Section 8 houses
Therefore being middle class you’re out of the this money making loop
BUT
We need you to keep working and paying payroll taxes
Because the middle makes the entire thing go
While health cost continue to rise
rise in natural gas to heat your house this winter
Constant threats of being laid off the job you do have
Meanwhile…
Welfare recipients receive free housing, medical, and can sleep in late
BUT guess what, it’s not entirely their fault
The rich need the Welfare recipients
EBT goes from the government— to the recipient----from the recipient to the store----from the store back to the government in the form of taxes, not with all the tax breaks
Available
So who’s really on welfare?
the more people on government assistant is good for business owners?
Same as with Section 8 houses
Therefore being middle class you’re out of the this money making loop
BUT
We need you to keep working and paying payroll taxes
Because the middle makes the entire thing go
First off I thought we were discussing the sub-group of poor people on welfare, and that don’t work i.e the one’s you see on the porch, and hanging @ the convenience store all day
But to the subset you’re referring to, there would have to be an entire mental
Paradigm shift for someone to go from using their income tax refund on
Worn out used cars, gambling casinos, over priced cheap furniture, urban fashion etc etc
To “I just bought penny stocks, and in 40 years blah blah blahâ€
Do you know the type of critical thinking that would have to go on for that?
Thoughts about the future?
It’s hard to think about 40 years from now when you can barely make it today
ROYAL BLUE
New Member
Correction, 20-30 years from now. No, it's not hard at all because when your back is against the wall, you have to push hard to move forward. The hard part is wanting to push. Folks don't want to sweat and use their own hidden strengths, instead they elect to take the more comfortable route from the government. I always tell folks to put themselves in uncomfortable situations. I do it all the time. Stop seeking information from folks who don't know jack schit and pick up a phone and call somebody that know something relevant to your success. If you can talk on the phone wit all those clowns that mean you no good, then you can talk on the phone with investors, financial counselors and etc. There are plentiful of resources that poor folks can use to their advantage. They have more resources than any country in the world. This is the reason I don't pity poor folks in this country. I pity poor folks in foreign countries who don't have a prayer in chance to be successful because they don't have what we have. There are no excuses. This is America. If you want to be a nothing and make excuses for yourself, then be a nothing and continue to make excuses, but if you want to improve your condition through prayer, common sense, self education, hard work, grit, determination and zero excuses, then welcome to the United States of America because that's why this nation is the best in the world.
ROYAL BLUE
New Member
If Herman Cain becomes the Republican nominee, then this should be a no-brainer for our HBCUs especially considering the fact that he's indeed one of our own. Herman is the epitome for our males at HBCUs. I'm just proud that he's a product from our own stock. Clearly, Herman is the better candidate. With the help of God, this man has awaken a sleeping giant and republicans/independents love him. I ponder if our HBCUs will ever support Herman. Seriously, will we get behind one of our own, or will we go with the IVY league dude?
southsuburbs
What I Live By...
You just said so much in this short post!!! :tup:
Last edited:
I don't trust any politicians, Royal Blue. I don't care if they come from the Ivy League, HBCUs or out of a Genie bottle. Besides, Cain supports the wars in Iraq and the Afghan region and considers withdrawing to be equal to surrendering. Not to mention, he said the folks who are part of the Occupy movements are un-American.
luvdaboom
Banned
pls dont pull that hbcu card when we dont even send our own kids to HBCU. smh thats a shame.
ROYAL BLUE
New Member
God said trust no man, so it has nothing to do with a politician. Do you trust your employer because you shouldn't. My question is in reference to whom will HBCUs and alumns support if there is a Cain vs Obama showdown? Black folk were swift to support Obama, will they be swift to support their own? Will this issue divide HBCU campuses or is it a given?
ROYAL BLUE
New Member
I know right, and it's a d@mn shame that Walter Payton didn't send his son to JSU...that's a shame.
I don't think a possible Obama/Cain showdown in 2012 will divide HBCUs. However, when you get the mainstream media and special interest groups involved who do nothing but polarize and inflame, then you never know.
Folks would be foolish to support Hermain Cain because he attended an HBCU, just like people would be foolish to support a candidate because of race, religious ideals, etc.
Personally, I'm melancholy about both Cain and Obama and everyone else in between.
You are datgum right, Tony. And the Senate as well. Heck, let's not forget our local leaders as well.
ROYAL BLUE
New Member
I can understand that...
ROYAL BLUE
New Member
Absolutely!
Olde Hornet
Well-Known Member
The problem with most americans, especially the poor is education about money. We as a society dont talk about money or demand that our children are educated about money.