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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Skywatcher who wrote (47006)	10/9/2004 2:26:09 PM
From: IQBAL LATIF	Respond to of 50167

the tax structure of HIDING money for the rich IS from this subchapter S debacle.... You liberals are joy killers, aren’t you Chris! Did you hear last night Mr; Bush, he explained to America, how individual hard working Americans are creating jobs through this legal structure. You will be really surprised how many of these subchapters S are helping create new jobs? Biggest new employer of 'middle America' is new corporates. Your liberal Guru Kerry ‘the conscience of liberal caucus kept repeating 1 percent Americans earning above 200,000 plus being given a direct benefit of tax cuts that put 89 billion in rich one percent pockets, but he ‘conveniently’ and very soon in poll numbers would painfully realize that politics with real issues does not pay. He forgot that his diatribe is harming innovative Americans who are helping create job through these smaller corporations or corporate partnerships. Much of the benefactor of thee 89 billion are these thousands of subchapter S; liberals are socialists and hence they hate prosperity that is achieved through incentive, I can see why you don’t like subchapter it goes back to your fixed stance of liberal set of mind. in US Senate’ I think subchapter S is a great scheme to create jobs, it provides limited liability and helps avoid double taxation, how else you can get anyone to have an incentive to take responsibility to create jobs other than invisible hand of greed, and subchapter S is a shelter that provides structure that helps offset losses angst you personal income tax in early stage of corporation life? These offsets are sweeteners and encourage people to make risky decisions. <A Subchapter S corporation works very much like a partnership for tax purposes while retaining the limited liability and flexibility of a corporation. The net profit or loss from the corporation is simply divided among the shareholders based on percent ownership and declared on their tax returns on Schedule E as regular income. Since most corporations lose money in the start-up period (while you're doing the development, writing off the equipment you bought, and doing initial advertising), a Subchapter S corporation can pass these losses directly out to the people who, after all, put up the money that's being lost, so they can reduce their income taxes. If the company loses, say, $20000 in the first year and you own 5%, that means you can deduct $1000 from your income. If you're in the 35% marginal tax bracket, that means you keep about $350 rather than giving it to Uncle Sam. Good pay for filling out a form. >

To: Skywatcher who wrote (47006)	10/9/2004 2:37:25 PM
From: IQBAL LATIF	Respond to of 50167

Just a small observation on your liberal Guru performance last night.; The two best examples of last night Kerry flip flop were his answers on embryonic stem cell, and on providing tax $’s to support termination of life. President was so right when he said can anyone decipher what the Senator said? His ambiguous answer was I respect life and position of the questioner but certain condition qualifies this respect. President came straight and although I am pro choice on this matter reached his target audience straight. Even on a point that I see some mileage in Kerry argument like 'rape victims termination' and ‘incest victims’ he could not convince his own constituency of firmness of his position the respect thing was too much a blatant attempt to secure his votes in rightist constituency, a known brash liberal this is the last thing that he needs to worry about. He wanted to be seen holding the banner for both side of the argument that is not how it works.He is definitely undecided on many issues and definitely not prepared for the job of the commander in chief.

To: Skywatcher who wrote (47006)	10/9/2004 2:51:35 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Instead of ‘bullets,’ ballots, a rare commodity in Afghanistan’s checkered times gone by.; Joyous Afghans cast their vote From correspondents in Kandahar, Afghanistan October 10, 2004 JUBILATION reigned today in the former stronghold of Afghanistan's hardline Islamic Taliban regime, as thousands of voters streamed into polling stations in defiance of threats. "Finally the day has arrived. I am so happy, it's like a dream. I feel that we are finally human," said Zahooba, a toothless old woman of 65 who walked half an hour on shaky legs to the polling station to cast her vote for President Hamid Karzai. At polling stations around the city, queues of men lined up around the block, as smaller groups of women shrouded in blue, green and violet burquas walked into vote in the country's first presidential election. Very few female voters were seen in the conservative Pashtun city, with only seven women in one polling site when it opened at 7am in contrast to the 200 men lined up at the neighbouring men's site. Only around 20 per cent of registered voters in the five southern provinces are women, compared to the national average of over 40 per cent. Rahgul, a 45-year-old matriarch came with 11 women from her family to cast her vote for Hamid Karzai. "Our father said we should come early and vote. We are so happy. I can't belive today is the election," she said adding that the men in her family were also voting for Karzai. She was not worried about attacks or explosions. "The Taliban warned us but we are not scared. We are Afghans," she added. Voters were defiant about threats of violence by loyalists of the ousted Taliban regime, who pledged to disrupt the election. "The Taliban made all these threats but we have voted and we are free to go home now," said one old man as he walked out of the polling station in the governor's office in Kandahar's district one. When asked if he was scared he vehemently denied it saying: "This is our soil, why should we be scared?" The streets were almost empty of traffic early today, with vehicles needing a special permit to travel, although there were a handful of brightly painted motorcycle taxis ferrying voters to polling sites. Afghan police stopped a fuel tanker loaded with explosives outside the city gates yesterday, and have closed the city to commercial traffic and prevented cars travelling from district to district. The border with neighbouring Pakistan is also closed to commercial traffic as arms and militants are known to cross the border into Afghanistan. However, voters were overwhelmingly enthusiastic, calling polling day the happiest day of their lives and saying that they hoped it would usher in big changes. "Today we can vote. We change the future of our country and our lives. After decades of war I know that now things will change," said 25-year-old Abdul Haq. Agence France-Presse