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storchheim Dec 6, 7:43 p.m.
NCSU Eng - yes, IT was to me also. But I began 30 years ago when there weren't different flavors of 4 yr degrees for each situation, on the job training was to be had if you wanted it, and of course NAFTA and the Internet didn't exist.
While I was earning the glow dough, I invested it and continued to live as if I were making Patel's salary (yikes - didn't know it was THAT low!). I'm just about set, unless 0 confiscates my investments and hands me an IOU payable in amounts he will deem I deserve, but sure wish I could have worked another 3-5 years. Anyway, I'm ready to go over.
connieleigh4 Dec 6, 4:28 p.m.
@DANNY22....I AGREE 100%!
piene2 Dec 6, 3:17 p.m.
"I hear you. Being in the engineering field is not all it's cracked up to be. I come in to work everyday wondering if the lights will be on the next day. I saw an article the other day about IBM jobs in India. The average salary for the employee in India is $17,000. What an eye-opener!
Engineering was awfully good to me. Of course we did a lot of work for The National Aeronautics and Space Administration and we had the war in Vietnam. Both were good earning situations.
Danny22 Dec 6, 3:05 p.m.
it is not right to force a Christian to fund abortion, or contraception when this goes against a person's beliefs. It is not right to pass a law by buying and selling votes like obamacare. It is not right to leave 4 Americans to die for 7 hours without any help. It is not right to take our hard-earned money and waste it or give it to people who could work but won't,
NCSUEngineerFC Dec 6, 11:07 a.m.
I hear you. Being in the engineering field is not all it's cracked up to be. I come in to work everyday wondering if the lights will be on the next day. I saw an article the other day about IBM jobs in India. The average salary for the employee in India is $17,000. What an eye-opener!
kmt Dec 6, 11:03 a.m.
You know, this reminds me of the story of the children of Israel being led out of Egypt. The people complained and complained because of the struggles and they no longer had their "comforts". The Lord told them to continue moving forward and trust Him until they read the land of milk and honey. Progress doesn't come without struggle. The country was built on faulty ground and now is being corrected for its past sins. Its inevitable. Our President is doing what's right, whether you know it or not. Just because YOUR pockets are thinning doesn't mean its not right. Think communally, and not selfishly.
storchheim Dec 6, 10:54 a.m.
'If I wind up doing something manual labor intensive, there's no way I'll make it." NCSU Eng
Psst. Don't look now but Patel will do your job for 30% of what you charge, and 0bama's just waving H1-B's in because his masters told him to. If this keeps up you won't be working past 50.
NCSUEngineerFC Dec 6, 10:10 a.m.
Let's see, I am 28 years old. I estimate that I will probably have to work until I am at least 70 years old. Probably closer to 75. If I can manage keep a job as a mind-worker, maybe I can make it that long. If I wind up doing something manual labor intensive, there's no way I'll make it.
Rebelyell55 Dec 6, 10:09 a.m.
Must of missed something, all I got was Money Manager worried about their big bonus not being so big.
Crumps Br0ther Dec 6, 8:35 a.m.
Im calm. I got tired of Barry doing the chicken little thing all the time during his last term. Everything is an emergency with that guy, but he won't lead enough to fix it.
Screw WrAl Dec 6, 8:22 a.m.
I am as calm as glass.
I hope we go over and crash so hard we get our backs broken. America deserves it for electing and continuing to elect the same pathetic boobs.
Plenty Coups Dec 5, 7:59 p.m.
"Yes, with a corresponding cut in federal taxes on income, you fail to mention"
With a NET tax increase for the middle class.
Nancy Dec 5, 7:54 p.m.
"ou do realize that is a republican idea...It was the basis of the Ryan tax plan."
Yes, with a corresponding cut in federal taxes on income, you fail to mention.
Does Obama say their will be a corresponding cut in federal taxes while eliminating the mortgage deduction? Nope.
nctaxguy Dec 5, 7:52 p.m.
Whatelseisnew, you would be wrong about those LP's. They are subject to the new 3.8% Medicare surtax because they are "passive" income.
admyank Dec 5, 7:49 p.m.
..... Just to make a point....
The last time that the economists said to take it easy about what was happening the housing bubble burst, corruption was uncovered
No one went to Jail.
So my 401K is turning into a Roth IRA very shortly.
Danny22 Dec 5, 7:39 p.m.
The problem with your take on Clinton's economy is you forget that his spending was very low and he took people off the welfare rolls. And you do remember, he sent our jobs to china via NAFTA. It cannot be compared to today with all this obamacare, and other spending.
nerdlywehunt Dec 5, 7:31 p.m.
Sell sell sell..........then I can get some great bargains for my 401k which has doubled in the past 4 years....!!!!
junkmail5 Dec 5, 7:18 p.m.
I depend on capital gains and he wants to tax them to the hilt.
No, he wants to tax them at the same rate we did for an entire generation prior to the Bush cuts.
Which is still lower than the income tax rate for most folks.
And is quite reasonable.
Danny22 Dec 5, 7:12 p.m.
I got rid of my stocks after the election. And now I heard obama is looking at taking our 401's. It would have been better if we could have had private plans instead of social security because obama is trying to steal from retired Americans. I depend on capital gains and he wants to tax them to the hilt.
Uhavenoclu Dec 5, 7:07 p.m.
Thank you Piene 2 but shhhh you'll ruin my reputation.
People live by fear and superstition, those are the real facts of their lives. Learn to live without them and y'all will be a lot happier.
storchheim Dec 5, 7:07 p.m.
"It cost me my savings but without a home, what good are those savings anyway." H
So smart. I plan to do the same thing for the reasons you stated and two more: it will mean my wealth is real and not "on paper" fluctuating daily and subject to complete and sudden loss, and it will be so much harder for my home to disappear either by seizure or crash than it will liquid assets.
goalflinger Dec 5, 7:04 p.m.
"Stay calm in fiscal cliff crisis." Is that what the pilot says to the pasengers(who have no parachute) as he comes down the isle toward the emergency exit with his parachute on?
Tizu Dec 5, 7:03 p.m.
"There is an article in Wednesday's USA paper stating that eliminating the home mortgage interest deduction on income taxes may be one of the ways Obama may "raise" our taxes."
You do realize that is a republican idea...It was the basis of the Ryan tax plan.
hardycitrus Dec 5, 6:46 p.m.
Roman columns! Birth certificate! Teleprompter!
Ha ha ha ha ha
dontstopnow Dec 5, 6:45 p.m.
When Obama was elected in 2008, I began planning my 'debt free' existance because I knew this was going to be bad. I paid off my mortgage on Jan 1 2010 and have never looked back. It cost me my savings but without a home, what good are those savings anyway.
People have to being thinking about these things and decide what is important for now and in the future.
Danny22 Dec 5, 6:26 p.m.
How is raising taxes on businesses going to create jobs?
whatelseisnew Dec 5, 6:24 p.m.
"I repeat, if interest from home mortgages are removed as a tax deduction, you can kiss the good ole USA goodbye. New construction will cease to exist and the entire economy will suffer greatly. Wait and see."
When they talk about that, it I think is intended to apply to those they consider to be wealthy. I really do not understand why this writeoff is that big of a deal. Sure it is nice to get the writeoff, but I doubt many people even thing about it as part of the house buying process. I remember once having an argument with a guy about which is better, a paid off mortgage, or the tax write-off. I showed him the math, basically at that time for each dollar of tax savings I had paid in 3 dollars of interest to the bank. Despite showing him the math he still argued that it was better not to pay off the mortgage. OH WELL.
whatelseisnew Dec 5, 6:20 p.m.
There will be lots of profit taking by wealthy folks this month. Regardless of the fiscal cliff, the almost 4 percent new capital gains tax implemented through ObamaCare hits next year. I am looking at some of the limited partnerships. I expect a lot of money will flow into some of them. They are not subject to those taxes. MUNIs have already run up and I missed the boat on that. I am also looking at some Honk Kong stocks.
Made In USA Dec 5, 6:16 p.m.
You are wrong people concerning my comment. For the record, Obama is nothing more than a puppet for the democrat party. They are one in what Obama does.
I repeat, if interest from home mortgages are removed as a tax deduction, you can kiss the good ole USA goodbye. New construction will cease to exist and the entire economy will suffer greatly. Wait and see.
Danny22 Dec 5, 6:14 p.m.
obama's happy b/c this is a part of his plan to manage the "decline of America." He's busy planning his next vacation which will cost American taxpayers 4 million dollars.
TiminNCisBack Dec 5, 6:13 p.m.
I don't care whether it be a Dem or Rep can someone please provide leadership for this country and quit using excuses!
Danny22 Dec 5, 6:12 p.m.
So, with obamacare taxes coming and these new taxes on the wealthy when can we expect all the new jobs and decreased food stamp usage.
Danny22 Dec 5, 6:10 p.m.
Remember how he bought and sold votes for obamacare. Now Americans have a socialist healthcare monstrosity with 22 new obamacare taxes which will burden the middle class.
teleman60 Dec 5, 6:03 p.m.
Dear "Made in USA"
The President doesn't create or change tax law -- CONGRESS does! He will never sign a bill to eliminate the mortgage deduction for middle income Americans.
What you've heard is more misinformation actually pointed at wealthy losing deductions on income over $1 million.
teleman60 Dec 5, 5:55 p.m.
The media has been hyping this for weeks but those of us who have been watching for MONTHS know that any recession wouldn't happen for a YEAR!!!
The tax cut issue will be solved one way or another very soon or shortly after the New Year.
House Republicans have ignored a bill already passed by the Senate to permanently extend taxcuts for all Americans on the 1st $250,000 of income.
Any additional tax will be on only the amount OVER $250,000.
This whole mess made for DRAMA TV but there's really no problem EXCEPT that the Media MAY HAVE created a RUN ON THE STOCK MARKET by their sensationalizing NOTHING!!
Uhavenoclu Dec 5, 5:38 p.m.
Get real people, just like everything else and all the other times. This will be settled either at the 11th hour or before. Fear fear fear.........boo boo boo
Made In USA Dec 5, 5:32 p.m.
There is an article in Wednesday's USA paper stating that eliminating the home mortgage interest deduction on income taxes may be one of the ways Obama may "raise" our taxes.
If this man does that, then we are guaranteed another depression-like recession before his second term ends.
It will affect all aspects of this so-called recovery in a VERY negative way.
oleguy Dec 5, 5:28 p.m.
Yep Gonna go get my money and some Jars, and bury it. I think with money in a bank , guaranted by the Fed. Govt. its a risk... Or leave it there and let Prez B give it to the 47 Per cent,,, Wrong...
Published: 2008-01-11 14:37:00
Updated: 2010-06-21 13:53:03