Hi yeah wrapping -- the week. Friday morning -- news radio WORT. Russ castle at your service to fight the cold. But maybe I get better over the weekend -- advantage talk line numbers that -- rebuilt 2329673. Spartanburg. 5749673. These prominent black text line is 71307. If you still use email might email address is -- act. Entercom.com. That's our USS. At the end TE RC OM. Dot com. -- like talk about is fine. What they wanna talk about here.
We had a story is all we have heard for quite awhile now on the -- especially from Obama. Is that he. He really. He just wants -- It's only wants. He wants a fairer America. When it comes to taxes. He wants people to pay a fair fair share. You know we don't know if you pay attention. Obama's version of -- Is taking from those who have been successful. And giving it to other people who maybe have not been as successful. Redistribution of wealth it you know you what are you want to call. So it's it's it's fascinating entered take on this concept of what is fair we talked about it before but. There's also tax season. You know most people if you haven't gotten your W two you know -- they have to be out by next -- And in on this whole thing of fairness and I shared with you an investor's business daily article talking about you know the president talks about fairness that. In a new report which is required by law. From the virus. Done that guess what 36. A president Obama's executive office staff both the country 833970. Dollars in back taxes. So as I mean deep rooted in these people working for mr. fair share apparently haven't paid any share let alone their fair share. Gates. Was asked about this. I don't wanna focus on this just permitted here. Second richest man in in the world. Believes that he should pay more taxes. Bill Gates Microsoft chairman. Speaking to Fox. Business network's Liz claimant.
Even as the economy improves and you end the wars you're going to have to raise taxes and certainly whatever form it takes and I'm not an expert on this the rich should bear a larger increase than the rest.
Now I I wonder how many people. Seriously agree with that.
That the rich should pay more. Now my motto is know what you believe and why you believe it. If you believe. This bill -- just asserted that the rich should pay more. What is -- based on. Here's more of gates.
But that alone won't close that deficit. Particularly you wanna keep investment in the future strong if you wanna help the world's poorest if you wanna keep doing scientific research if you -- fund. Educational advances. We revenue is going to have to be it a big part of it. Yes there are some things that can be tuned it in that bond. Requirement for government to help in that the porous funding education. You know you've got to raise a lot of revenue.
The fact that. He says that it to me. He's just really really inched. -- anybody knows about revenue to Bill Gates.
But.
Folks why would assert it mr. gates were sitting here. How much revenue is enough for the federal government. How much -- they have to take. To accomplish that laundry list of things he just laid out.
What -- what it what is fair about what he just laid out. What is right about what he just what what what is moral about what he just laid.
As I've often said to try to simplify this why. Are other people more entitled to my money -- him. -- their work hard and play by the rules.
But in taxes.
A lot of people don't database that -- a big deal here this weekend in this most people listen I'm not Iran exports.
All this clambering over that Romney made twenty million dollars higher Newt Gingrich say it by doing nothing. By doing nothing. The who's really engaged in class warfare here. But you know the fact that he paid 3000003. Million out of twenty and he gave million and half whatever to charity. Compare that to you know Obama. And -- and and Biden I think -- 369 dollars to charity but the Democrats care so much more than anybody else. But what was out of left out of that argument or what's conveniently left out of the argument as most of Romney's income was investment and which is another whole part of this. Do you realize how many people do you think realize. That if you mix some money. And then you choose to invest that money.
The money you made originally is already been taxed. Why should why should be taxed again.
What's clear about that what you liked about them -- about --
How many times should money be taxed.
There's an article this morning and state newspaper written by Stephen all of marker of the Associated Press. Entitled why is investment income tax less than wages.
I mean seriously is that is that a serious question. Simple answer is because it's already been tracked. And if you -- it's going to be taxed again.
He stars why do Mitt Romney and other wealthy investors pay lower taxes on the income they make from investments. Then they would if they earned their millions from wages. Because congress and the tax code has long treated and investment. More favorably than labor. Seeing it as an engine for economic growth that benefits everybody okay. President Obama and the Occupy Wall Street movement are challenging that value system. Raising volatile election -- issues of equity fairness. And Romney's tax returns. The Republican presidential candidates taxes. Were so low. Because the vast majority of his income came from investments the US has long had. A progressive income tax in which people who make money pay taxes at a higher rate than those who pay less but for almost as long. The US Texas on the golf capital gains and you hear that brings a lot of missed a profit from selling an investment at a lower rate than wagers. William McBride economists at the conservative Tax Foundation quote -- two ways to look at it there's a moral argument. And an economic growth argument and they both -- to lower taxes on capital gains McBride saying it's unfair to tax income more than once. Capital gains or tax multiple times. If you got the original investment from wages that money was tax if you stock your own no gains value if if if the stock you won't gains value. Because the company you invested in makes a profit those profits -- tax and corporate tax in effect company issues dividends those are taxed again as well. So lots of people are double tax triple tax says chuck Marr director of federal tax policy for the liberal Center on Budget and Policy Priorities. Quote check out your last paste. There's income tax and then there's cable tax or your double tax true. Any when you buy something you probably -- yourself tax under current law. Top tax rate is 15% on qualified dividend of long term capital gains profits from selling assets have been held for at least a year. The top income tax rate on wages 35% though that that applies only -- taxable income above 388350. Dollars of congress. Started taxing capital gains at a lower rate than wages following World War I. The concern then was that high taxes on capital gains. Actually reduced revenue because people would simply hold on to their investments. At the time however at the top step and tax rate on wages. Was a whopping 73%. So in 1922 congress lowered the top capital gains rate to twelve and a half percent. Last until 1934. And for much of the next seven years -- top tax rate on long term capital gains was between 2030%. Was the size 39 point 9% in the late seventies. But never has -- been below 20% until 2003. When congress passed this gradual reduction to the current rates -- as a whole history lesson. The liberals and even some moderates argue. That lower taxes on investments are giveaway to the rich. Last year two thirds of all capital gains would people making more than a million. Only 5% of capital gains -- people making less than a 100000. In only 13% went to people making less than 200000. Back to -- and I'm a liberal person I believe strongly that the wealthy should pay more than the working poor Obama courses taken -- this argument. Though his budget proposals that called for only small increases on capital gains and dividends. To a top rate of 20%. But he's developed this Buffett rule here that -- named after Warren Buffett. Which is rich people shouldn't pay taxes at a lower rate than their secretaries. So Obama's head of the state of the union this we give people making more than a million should pay at least 30%. Of their income in taxes and they said now you call this class warfare you want. But asking a billionaire to pay at least as much as -- secretary taxes most Americans would call it common sense and of course that's you know that's slick politics. Limit -- let me clue yet on something Warren Buffett's secretary does not pay less in taxes than Warren Buffett. Say they like to mix up. The tax rate verses what is actually paid in taxes. So don't talk about this. How many times should money be taxed what is fair Bill Gates says well why -- or -- We're gonna give one mckinny's investments. The -- you're gonna have to spread more and anything's that's the right thing to do wolves atlas and build nothing stopping you from Brighton a big old check. You really believe in -- I don't you and your wife Melinda have your foundation and you give a lot of money away will got a question. But this assertion. You know dead dead dead. We we have in the name of fairness. Can go out and taken taken taken taken given away and it re distributed. Has just got to be understood and has got to be rejected it in my opinion. So I like to know what -- is. Worried 97 team Larry which across -- in North Carolina hi Sandra.
I know that -- that's one thing if you don't mind service citizenship issue sure. Barack Obama -- why a British citizen at Barack Obama --
It's anybody's why -- it's anybody's guess yeah.
He wasn't on. -- an Indonesian when his mother Mary -- in this Indonesia so he can do earn citizenship. -- Indonesian that the plan would not a lap -- that collect his mother you know our person Americans that he should correct. But it anesthesia. Pain in the knee and it. The question at what point. When it came back -- he can -- Why -- ever changed. That's the question. Well. Not he went to Pakistan. Is college buddy -- did not pan -- American. Passport when he did -- American citizens were not a line out and Pakistan. That correct accurate question. What it in the Indonesian passport what as a British passport.
And so -- this. Risk so the Supreme Court ultimately. If they decide to take it who's gonna have to settle this. Because the Supreme Court has been kind of vague on this again. If you look at the congressional research service. And they say that they've looked at the scholarly -- cool and historical opinion about this. That. What natural born means according to the constitution. Is at birth or by Amber's including any child born in the United States. Which Obama claims that he was born in Hawaii. It also at the well that he he thinks he -- It would also include the children of the US citizens born abroad. The children all of US citizens born abroad yet because McCain it was born in the Panama Canal. And those born of one citizen parent. Who has met US residency requirements. That's what they say it. So Obama is gonna stick to it that he was born. Again go back to the phrase. US citizenship at birth or by -- He's gonna claim yep I was born in Hawaii. I got immersive certificate program even those -- it was a -- it was a fraud and it was doctored and all that stuff. What he's.
There's a lot of -- here and there questions. Check it ten put out of the patent that kite is that and put the court -- in my welcome back.
Let's not buy into that theory because he was ordered by this judge down in Georgia they hearing was yesterday and Obama neither his lawyers that they need a one -- showed up. -- thank you would think it would be real easy. If he's got the proof he says he's got. To just not about to knock it out of the park this -- can say here it is. You got me questions I gotta go I gotta go campaign you know Michaud also another vacation gotta go and considers that that would be all but we said this. Years ago now when this first came up. The supreme course can have this settled as if they decide you know that to take it up. And who knows when or if that's ever gonna happen thank you Sandra 921 news radio WORD. 927 email here roster constitution as you pointed out does not say. That the parents of the president mostly natural born citizens only that the president himself. These natural born I believe that in order for someone to be a natural born citizen both parents must be citizens but not necessarily. Natural born citizens and I think that previous court opinions. And other laws would back that up I believe if we examine the ancestry. Of every president. We would find there are some whose parents were not natural born at the guy. They're called in is that pro Ron -- new Gingrich then they need to find some other way to get rid of Romney and Santorum. The citizenship route is bogus that comes from the --
Mary and a good morning rounding -- do you can get Romney and come did not come. Seven million that in 2010 and I think much more when he worked actively worked and -- It did not come from his investment that was already marked late attack before. It came from carried interest which is the compensation. Either hedge fund manager or an investment managers but that Romney was the -- we're doing his work. It is -- special carve out. Special treatment. That particular kind of earned income but it is called Kerry -- carried interest and it attacked. At that the third grade low rates so unlike you or me who might take -- after tax money and invested in the stock and run all the risks associated with that. It was his initial. Armed and come treated at a 15% rate or whatever carried interest was what now -- that -- that is absolutely.
But at turn eleven million dollar okay now bullpen but hang on -- and what's different capital gain and it's not that -- not debating you on that I'm not debating you on.
But here's the thing it sounds like you're accusing him of tax fraud he -- not all -- and -- it on --
People have -- special carve out in the code. It's perfectly legal I'm not arguing that.
It is unfair tax rate. For any and all income for any and all income or do you believe that as it should be treated differently.
But if you're a salesman and you put together a billion dollar deal -- they'll come mention is treated at the regular marginal -- If you are doing a land deal they've realtor at the broker. You -- commission is treated at the regular rate but when Romney did steal his commitment was treated at carried interest I'm telling you that the special car about. And Obama argue -- Democrat they're not gonna let that.
Why question and answer my question what do you think I am quite frankly I don't care how people make money. I don't care in what everybody don't jumping creative with their ordinary and apart rape of a -- at that point -- concede that point I said we need to rip this code out but we else I. I and I have a window and this is more -- it's like yeah so but I can't argue and has neighbor -- argument that aren't true but that Democrats aren't gonna let get away with nine point news.
Enough of this already.
I don't care how much money demand makes I don't care how I don't think it. I don't it's it's really don't care if you've got an issue with the laud them that relief is the issue.
But at and I think we both.
Degree as we just did the code needs to be ripped out pilot -- And it if we're ever gonna get to quote quote anything remotely resembling failure. Thank you Mary and by the way. Just one more buttress that point.
And insert it this is just continued -- me -- If you would a context. Or should he win the lottery for crime but. You taxed on that money. -- That's that's not its.
You know wanted to -- just ridiculous things. Our hero these advertisers and I know somebody won the powerball 100 million dollars. And what they never tell you use -- much of that would -- taxes. They didn't really what a hundred million dollars they didn't really get a hundred million dollars. Enough of this already 931.
36. People's advantage fault line numbers are jam. Soon as someone who's going you can join us 2329673. In -- 5749673. In Spartanburg.
Those are the -- advantage stark lines -- come out of my text line. It's 71307. Bob thank you for your patience good morning good morning.
Talking about that this fellow early on who mentioned that you have to be born in the United States to be a citizen and he's. Not thinking about all the American military. Who are stationed abroad. I was born in South Carolina my wife was born and went and North Carolina -- mayor there went to England and were stationed at a hospital. And -- two girls were born in England and they have a birth certificate issued by the American Consulate in Southampton but they also have British birth certificates registered at Wiltshire. So. There's always been this undercover. Talk about old what you have the you girls have dual citizenship but I've always. Understood that you can't have dual citizenship you one of the other but but they do have birth certificate. And that are registered in. Will share in England. So a lot. I would.
My understanding Karzai's but you know -- gentleman who is from England and for a while. Did hold dual citizenship. Deb Richard they're probably people listening in this audience right now ball.
Well I'd always heard it that you can't have dual slowly shipment Powell so you're doing legionnaires and he's never lose your British citizenship. And so so I don't know if -- well again they would be disqualified from running for -- office well liked.
depends on the office it -- when it comes to president of the United States is when we get into the whole thing over natural born citizen as opposed to just being a citizen. There's say there's a difference. Again and again bitten.
Well they are all full throttle according to Google a lot of Americans who were born in England -- that hospital turned out the -- Right right and.
And so therefore they they could not. Beat president vice president of the United States.
So I don't know.
No no that's that is pretty sound constitutionally there because again. The difference. To be president of the United States according to the constitution. Of this country. You have to have it in your citizenship either in this is in quotes at birth survivor so again. It includes any child born in the United States all their -- The children of foreign diplomats. Who are serving their country or. The children. Of the US citizens born abroad. Again citizens as opposed to natural born citizens and those born abroad of one citizen parent who has met. US residency requirements.
And there were a number of book of American men married to British women who heads. That children born in that they were eligible to be to get obstetrical care. In the in the American hospital because they were in the met a lot of vitamin. Dependent on an American Rivers --
All right thank you sir appreciate the call Mike and -- thank you for waiting.
How about -- I would get about -- up and -- president does well going to hold it didn't win in respective Marianne rhetoric. What are the carve out or whether it's capital gains whatever it just make -- point even more. That's the tax code its policy its code it's it's the law they allowed he'll do. Patriot it mandated he pay three million dollars into our federal coffers anyway because although. Of you know -- critic so.
Right 120 and Tony -- one million dollar income -- on mr. Romney's tax returns. Three million dollars in taxes.
Okay federal -- that -- what band three billion dollar impacted into the federal coffers were culpable loophole. Wouldn't -- really good about what we're more than half the population who pay zero. The dollar into the federal call for the democratic.
Well it's even greater than that a pretty even out yet and yet even in the other half their very few people that -- three million dollars in taxes.
I about a -- has one billion. I probably at this spectacular. Half the population -- big -- into your federal. After -- called the loop -- this one man and women to Barry burn that half the population.
Even got a potent -- you don't even with the loopholes it affects other candidate -- question is as is that enough is that fair and it cents.
And I wondered where it's at at the point I'm trying to debate here is it that. You know you can download and then it's about gravity what ever bad. Yeah maybe maybe they didn't get a little bit of give it a little bit ahead because it. There are given little program -- ran out into their rhetoric that.
I've said that before I have no problem get rid of every deduction every loophole out there lowered the tax rate for every human being. And yes I'll throw an end. If your if your retirement citizen if -- going to be a citizen of the United States. Then it's not fair for some the paid zilch. And ended you know the the upper 10% to -- the.
are kind of regret it is crazy -- disingenuous -- declared that the better than I guarantee you that -- I don't know how that -- back. But I guarantee you that. -- secretary. Dell didn't pay I don't care what the -- you know yeah. It's the Britney needs a million that is a lot cheaper.
of this absurd progressive tax system -- Mike thank you. Come home Steve announced. Smiles on their world. -- acts as an -- who remains a lot of Smart electric. -- 94614. That we got 10 o'clock news radio W or DRA stop the presses. I would be remiss. If I didn't take a moment ladies and gentlemen. To offer. On behalf of I'm sure most everyone in this audience. Our heartfelt congratulations.
Representative Barney franks has announced she's going to marry. His longtime partner. -- marry his long time. Partners Jim and and you -- frank spokesman Harry go wrong. -- liberal Massachusetts Democrats winning. Will be in his home state. Nobody. Has been said. Ready. 42. Lives in and as a small businesses those costumes on and carpentry. Painting welding and other. General handy -- Service. He's also photographer. And they've been together since the spring of 2007. During an appearance on PBS's the Charlie Rose show. Frank said he was looking forward to leaving. And spending time. With the news. I was going almost a -- Hello one of them would be by Norman dinosaur. Not necessarily. The people he grooms. And well it depends on the mood. Well I'm sort of reduces spending time. Which is part. I. I don't know should we send what would you rescind. His in his time.
But always reading of this little if that's soreness during cloture vote I'm. I know you'll be gratified to know -- Starbucks. Has announced they're endorsing gay marriage. They daily -- dot com may be your shipment dry fruits of that Starbucks right now Starbucks has joined the fight for gay marriage. As Washington State edges closer to become the seventh state to approve marriage equality. Executive vice president of partner. Really partner resources and story books. Sent an email out yesterday. With the subject recent a message from -- homes Starbucks supports marriage equity. Part of what it said Starbucks is probably join other leading northwest employers in support of Washington State legislation. Recognizing marriage equality. Percent sex couples. The coffee mega chain joins the likes of Microsoft to Nike which also support the legislation the Seattle times reports. Legislation now is enough votes to pass the senate and the state house. In Washington State with backing from the governor there. Quote we are deeply dedicated to embracing diversity in treating one another with respect and dignity and remained committed to. To providing an inclusive supported. And safe work environment for parole. Our partners. We look forward to seeing this legislation enacted into law.
She Blum.
Enjoy your tall barrier was younger grundy divinity in the ground and dementia.
MGM grand day then are they equal now well that's not a quote no they're not just not a quality. I don't know -- put you in the mood for one of those what caramel marquis on -- That flight no lights come on there scanning athletic Huntsman on. Yet pushed. The problems around the -- okay who's next -- Craig in regard correct. -- Going once the orange lights go on let's talk to Harry and -- the hi Eric. What do you wanna send along from -- to Barney Frank and his partner.
Well rorschach held about a noticed sedated but think you played bad Barney Frank. So yeah well I see it maybe think about though Lincoln worshippers in your audience. Abraham Lincoln was -- sodomized. You get the book the intimate world of Abraham Lincoln. He -- when he's fourteen years old he was sodomized.
I've never heard this before yeah it is pretty solemn night. And do you believe that's true because of one book.
Well if the evidence is there I'm not written more than -- ever had more than one. One thing about Abraham Lincoln but it right there -- the subject that they talk about what evidenced by the way. Well. In this book there's -- point that he wrote. It makes it very plain duties. Sodomized.
You can tell if someone's day if they wrote write a --
Well it's about what it's about homosexuality. So.
If I if I wrote a poem about homosexuality would you think I was --
Well there's other evidence about Abraham Lincoln boosters of the White House and stuff but -- you know he was married had children -- I don't know. I don't know them that -- street not halt. Was during the first South Carolina debate. There's a young Fella in the audience that asked this question. How much of the money that I earned. Do you think yes should be allowed to keep and now one of the candidates did the right question I answer answer the question they'll cook the answer should have been all of it. The progressive income tax is the second plank in the Communist manifesto and we got -- in 1913. They not only fulfilled the second plank they fulfilled the first plank. Don't the first blanket abolition of private property. And the money be there at the U barter your labor for money and you bet money not your property surety. So with that I in 1913 by fulfill both first and second plank in the Communist manifesto. What we need is a national sales tax everyone is concerned. But the hearing control of the money to -- I have been.
Advocate of the fair tax for as long as I can remember.
Yeah we need a national mr. national playoff I think you rid of the the progressive income tax.
Yeah it's -- of four candidates left I don't think any of them now embrace.
No Ron Paul at least put -- given writing.
Are McCain did they're McCain but look what avenue him are very thank you. Moms are united in their right to pour more. I don't know why I -- a case I always use scribbling listen I care but come on man I saw him make him with Baghdad I saw you scribbling do whatever right now. 953. Right 958. By the way folks I've mentioned my brand new for the first time in my career what customized mobile web site for mobile wizards dot com. You can check it out across -- but common you can offer comment here's one from Tim. Glossy flat tax would work. You just look at the Bible model of the ties. 10% of all income no matter what income level that produces more than enough to handle the financial needs that we currently see unfortunately. Not all believers Ross participate the power of the tenth or ties. When not only produce revenue but it's fair at all income levels if we need to be fair and need to solve financial problems look to god. His word and his ways really appreciate that Kim you can respond to it -- castle dot com Mike gets the last call of the day I'm Mike.
Laurie -- I want you there yes there. I've got. -- say at least. Video to. And not a whole lot of people to avoid being sold Obama's grandmother. What how it's suspiciously passed away yesterday weren't sincere. Palestinian thing really capital rep but it apparently -- that it happened when. It grip most sickening my -- why you'd actually about upper. But she had made a video openly fought -- they hand out that it got that look at backed up that it's in its release. Where she made the statement she worked in the hospital in Kenya -- Obama was -- And you can't digital learning more skull. But I do have the beauty of the Cabrera had a program that I had purchased. About it grab videos from the Internet. And she -- straighter and it makes you made the statement speaking in her language.
And Lauren and her -- he was born in Kenya. Ari thank you -- got to bleed to their -- calendars next right here on news radio WORD.
