Mr Gunner
I hate to tell all those Liberals out there that Arnold has already
reduced the California Deficit by over 500 million and he has not even
taken office yet.
Because of the run up of the stock market since mid summer the capital
gains taxes are up an unexpended 500 million and may be more than
1 billion by the end of the year.
Pretty good huh!!
Go Arnold!!
The Independent
Gunner wrote:
>
> ***************************************
> Arnold's "Neutron Bomb"
>
> The aftershocks of the political earthquake in
> California this week are still being felt. Unbelievably,
> Democrats are contending that losing the governorship of
> California to a hugely popular Republican is actually a big
> LOSS for President Bush. What a joke.
>
> But the threat that Arnold Schwarzenegger might have his
> agenda bottled up by Democrats in the state legislature is
> no laughing matter and a very real concern. However, the
> Governator isn't without weapons in such a fight.
>
> Should uncooperative Democrats in the House and Senate
> refuse to work with Gov. Schwarzenegger in a bipartisan
> fashion, Arnold could borrow a tactic from Ronald Reagan by
> taking his case directly to the people and having voters
> pressure the recalcitrant legislators to get with the
> program. And if that doesn't work, he could actively
> campaign against those legislators in next year's elections,
> hoping to get a more friendly group to deal with.
>
> Or he could drop what one DC insider describes as the
> "Neutron Bomb."
>
> Under this scenario, Schwarzenegger would place on the
> ballot an initiative which would make the legislature a
> part-time job and cut legislators' pay by 2/3. Any bets on
> how Californians would vote on such an initiative?
>
> Two last thoughts on the political ramifications of this
> election: (1) Arnold Schwarzenegger has the potential to be
> a Republican fundraising machine equal to anything Bill
> Clinton ever was or is for the D's, and (2) the most
> terrified Democrat in the Golden State today is Sen. Barbara
> Boxer who suddenly must face re-election next year with the
> Terminator instead of Gray Davis sitting in the governor's
> chair. Can you say, "Hasta la vista, baby"?
>
> Published by Citizen Outreach Chuck Muth
> Editor/Publisher 611 Pennsylvania Avenue, SE, #439
> Washington, DC 20003-4303 E-mail: snipped-for-privacy@earthlink.net >
> "You cannot invade the mainland United States. There would be a rifle
> behind each blade of grass." --Japanese Admiral Isoroku Yamamoto
All I know is the treasure of the state of california announced that
the california capital gains tax revenues are up an unanticipated
500 million dollars. That makes since as people sell off investments
they purchased when the market was down to repositon them selves to
a more favorable position in the rising market.
Also the treasure of the state of california has recomputed the
expected capital gains taxes based on results of the second and
third quarter and that ammounted to a 1 billion dollar increase.
Go Arnold!!!! (;-)
The Independent
richard wrote:
The aftershocks of the political earthquake in
California this week are still being felt. Unbelievably,
Democrats are contending that losing the governorship of
California to a hugely popular Republican is actually a big
LOSS for President Bush. What a joke.
But the threat that Arnold Schwarzenegger might have his
agenda bottled up by Democrats in the state legislature is
no laughing matter and a very real concern. However, the
Governator isn't without weapons in such a fight.
Should uncooperative Democrats in the House and Senate
refuse to work with Gov. Schwarzenegger in a bipartisan
fashion, Arnold could borrow a tactic from Ronald Reagan by
taking his case directly to the people and having voters
pressure the recalcitrant legislators to get with the
program. And if that doesn't work, he could actively
campaign against those legislators in next year's elections,
hoping to get a more friendly group to deal with.
Or he could drop what one DC insider describes as the
"Neutron Bomb."
Under this scenario, Schwarzenegger would place on the
ballot an initiative which would make the legislature a
part-time job and cut legislators' pay by 2/3. Any bets on
how Californians would vote on such an initiative?
Two last thoughts on the political ramifications of this
election: (1) Arnold Schwarzenegger has the potential to be
a Republican fundraising machine equal to anything Bill
Clinton ever was or is for the D's, and (2) the most
terrified Democrat in the Golden State today is Sen. Barbara
Boxer who suddenly must face re-election next year with the
Terminator instead of Gray Davis sitting in the governor's
chair. Can you say, "Hasta la vista, baby"?
Published by Citizen Outreach Chuck Muth
Editor/Publisher 611 Pennsylvania Avenue, SE, #439
Washington, DC 20003-4303 E-mail: snipped-for-privacy@earthlink.net
"You cannot invade the mainland United States. There would be a rifle
behind each blade of grass." --Japanese Admiral Isoroku Yamamoto
Hey I'm not an accountant or a book keeper I only passed on what the
bean counters in Sacramento said. (Since when have politicains ever told
the truth???)
The Independent
Howard R Garner wrote:
Last wednesday, the local paper didn't print Arnold's victory on the front
page, it was on page 4. The front page was reserved for how Gov. Pataki
(republican) has flopped on the states gambling inititative. That is why I
don't buy the liberal rag. Truth in Media, Huh !!!!
--
change .combo to .com for correct email ***************************************************
"We ought always to know precisely why a given job
is done in a particular way, and why it is done at
all, and why it can't be done more efficiently,
if it must be done at all."-- T.J.Watson
***************************************************
Gains always "demonstrate the success of my economic policies" and
losses are always "a consequence of the failed policies of the prior
administration." The Politician's Handbook, p.137. ;-)
Jeff
: Mr Gunner
: Because of the run up of the stock market since mid summer the capital
: gains taxes are up an unexpended 500 million and may be more than
: 1 billion by the end of the year.
A rising stock market can't hurt but who extrapolated the .5 - 1.0
billion increase in tax receipts? Capital gains aren't taxed until a
stock is sold. Furthermore, we're still way, way down from the highs
of 2000 which means that many holders are underwater and have no gain.
To the extent these holders use the rally to bail out of the dogs they
bought in 2000, 2001, & 2002 they'll be realizing capital LOSSES.
rs
It'll be a loss for Bush when "Big Arnie" starts screwing up like GWB.
--
Alan Erskine
alanerskine(at)optusnet.com.au
The U.S. Government is in the
peculiar position of toppling foreign
governments in the name of democracy.
Oh, how democractic!
Jim,
You should have stopped at this point and taken a moment to educate
yourself.
Capital gains receipts are up because corporate officers are being compelled
to declare their options awards TODAY as income rather than deferring this
until the options are exercised. At least this is the effect when stock
options that are part of a compensation package are being reported and
booked in the current period as opposed to declared as they are exercised.
Shareholders have seen their equity erode with every restatement of prior
years earnings and if the directors want to keep their jobs, they need to
keep the shareholders happy. The market, BTW is responding favorably.
I don't recall this as part of the change.
The corporation now has to book the options as a expense when the
options are issued.
Until the options is exercised and the shares sold there is no
capital gain to be reported as income, and thus taxes to the state.
Please enlighten me if I am wrong.
Your statement is somewhat correct, however, the gain on existing packages
becomes due and payable when the transaction is booked as it is restated at
its current value. The recipient has effectively realized a gain resulting
from the difference between original excercise price and the value of the
option at the current strike price.
Pretty crappy when you consider that the gain incurred is all paper and not
money.
PolyTech Forum website is not affiliated with any of the manufacturers or service providers discussed here.
All logos and trade names are the property of their respective owners.