McCain”s moral compass

[an]

Haha, I love when someone resort to name calling to get their point across and put words into people’s mouth. BTW, I’m not shedding any tears for those who bitch and whine about the injustice of how the rich keep on getting richer and won’t help themselves either. Like SDEngineer said, life’s not fair, so deal with it. If they change the rule, the rich will find ways to get richer with the new rules and those who just bitch and whine will find new things to bitch and whine about. No one is asking for your sympathy, so go cry a river for something else.

TheBreeze, you must be filthy rich for scoffing at $2500/year. FYI, $2500/year, if you take that and put it away for your child’s education fund for 18 years, @ 8%, it’ll grow to $100k. That’s 4 years of public university education right there. Sorry if some of us have to work and save for our kids’ education and don’t have $2500 to throw away. Why don’t you give me your $2500 since you think it’s so trivial.

[an]

[quote=fat_lazy_union_worker]TheBreeze,

Speaking of whining. I recall when you use to post under alex_angel you use to whine all the time about housing affordability and SUVs. [/quote]
I didn’t know it’s the same guy. Thanks for clarifying that. Now it makes a lot of sense.

[an]

[quote=fat_lazy_union_worker]TheBreeze,

Speaking of whining. I recall when you use to post under alex_angel you use to whine all the time about housing affordability and SUVs. [/quote]
I didn’t know it’s the same guy. Thanks for clarifying that. Now it makes a lot of sense.

[an]

[quote=fat_lazy_union_worker]TheBreeze,

Speaking of whining. I recall when you use to post under alex_angel you use to whine all the time about housing affordability and SUVs. [/quote]
I didn’t know it’s the same guy. Thanks for clarifying that. Now it makes a lot of sense.

[an]

[quote=fat_lazy_union_worker]TheBreeze,

Speaking of whining. I recall when you use to post under alex_angel you use to whine all the time about housing affordability and SUVs. [/quote]
I didn’t know it’s the same guy. Thanks for clarifying that. Now it makes a lot of sense.

[an]

[quote=fat_lazy_union_worker]TheBreeze,

Speaking of whining. I recall when you use to post under alex_angel you use to whine all the time about housing affordability and SUVs. [/quote]
I didn’t know it’s the same guy. Thanks for clarifying that. Now it makes a lot of sense.

[SDEngineer]

[quote=fat_lazy_union_worker]
Anyway, I think some still failed to answer my original post. If he(obama) wants to call this taxing the rich, why is obama leveling this on a household and not imposing this on $125k single incomes?

[/quote]

I’m going to assume you’re talking about the social security/medicare tax increase here. That tax has always applied to ALL earnings of all individual taxpayers below a certain amount, and will simply now resume on all earnings of all individual taxpayers above a certain amount. It doesn’t discriminate on filing status or number of wage-earners in a family – everyone gets hit. So if you have one earner making 265000, and another making 135000, only the earner making over 250,000 will get hit (i.e. you’ll only pay the tax on the 15K the person making 265K made over 250K). The person making 135K won’t get to the other side of the donut hole, and won’t see any additional tax.

It’s no different than me and my wife. While we jointly make well over the current max tax cap, all of her earnings still take the medicare/ssi hit (since she doesn’t make the cap), and only the part of my earnings that exceed the cap are not taxed. It’d be really nice if hers were immune, but, as I said, it’s an individual payroll tax that cannot be paid jointly.

The other taxes Obama is currently in favor of are, of course, simply letting Bush’s tax breaks lapse on the top bracket, which will affect all three tax brackets, just at different break points based on filing status.

[SDEngineer]

[quote=fat_lazy_union_worker]
Anyway, I think some still failed to answer my original post. If he(obama) wants to call this taxing the rich, why is obama leveling this on a household and not imposing this on $125k single incomes?

[/quote]

I’m going to assume you’re talking about the social security/medicare tax increase here. That tax has always applied to ALL earnings of all individual taxpayers below a certain amount, and will simply now resume on all earnings of all individual taxpayers above a certain amount. It doesn’t discriminate on filing status or number of wage-earners in a family – everyone gets hit. So if you have one earner making 265000, and another making 135000, only the earner making over 250,000 will get hit (i.e. you’ll only pay the tax on the 15K the person making 265K made over 250K). The person making 135K won’t get to the other side of the donut hole, and won’t see any additional tax.

It’s no different than me and my wife. While we jointly make well over the current max tax cap, all of her earnings still take the medicare/ssi hit (since she doesn’t make the cap), and only the part of my earnings that exceed the cap are not taxed. It’d be really nice if hers were immune, but, as I said, it’s an individual payroll tax that cannot be paid jointly.

The other taxes Obama is currently in favor of are, of course, simply letting Bush’s tax breaks lapse on the top bracket, which will affect all three tax brackets, just at different break points based on filing status.

[SDEngineer]

[quote=fat_lazy_union_worker]
Anyway, I think some still failed to answer my original post. If he(obama) wants to call this taxing the rich, why is obama leveling this on a household and not imposing this on $125k single incomes?

[/quote]

I’m going to assume you’re talking about the social security/medicare tax increase here. That tax has always applied to ALL earnings of all individual taxpayers below a certain amount, and will simply now resume on all earnings of all individual taxpayers above a certain amount. It doesn’t discriminate on filing status or number of wage-earners in a family – everyone gets hit. So if you have one earner making 265000, and another making 135000, only the earner making over 250,000 will get hit (i.e. you’ll only pay the tax on the 15K the person making 265K made over 250K). The person making 135K won’t get to the other side of the donut hole, and won’t see any additional tax.

It’s no different than me and my wife. While we jointly make well over the current max tax cap, all of her earnings still take the medicare/ssi hit (since she doesn’t make the cap), and only the part of my earnings that exceed the cap are not taxed. It’d be really nice if hers were immune, but, as I said, it’s an individual payroll tax that cannot be paid jointly.

The other taxes Obama is currently in favor of are, of course, simply letting Bush’s tax breaks lapse on the top bracket, which will affect all three tax brackets, just at different break points based on filing status.

[SDEngineer]

[quote=fat_lazy_union_worker]
Anyway, I think some still failed to answer my original post. If he(obama) wants to call this taxing the rich, why is obama leveling this on a household and not imposing this on $125k single incomes?

[/quote]

I’m going to assume you’re talking about the social security/medicare tax increase here. That tax has always applied to ALL earnings of all individual taxpayers below a certain amount, and will simply now resume on all earnings of all individual taxpayers above a certain amount. It doesn’t discriminate on filing status or number of wage-earners in a family – everyone gets hit. So if you have one earner making 265000, and another making 135000, only the earner making over 250,000 will get hit (i.e. you’ll only pay the tax on the 15K the person making 265K made over 250K). The person making 135K won’t get to the other side of the donut hole, and won’t see any additional tax.

It’s no different than me and my wife. While we jointly make well over the current max tax cap, all of her earnings still take the medicare/ssi hit (since she doesn’t make the cap), and only the part of my earnings that exceed the cap are not taxed. It’d be really nice if hers were immune, but, as I said, it’s an individual payroll tax that cannot be paid jointly.

The other taxes Obama is currently in favor of are, of course, simply letting Bush’s tax breaks lapse on the top bracket, which will affect all three tax brackets, just at different break points based on filing status.

[SDEngineer]

[quote=fat_lazy_union_worker]
Anyway, I think some still failed to answer my original post. If he(obama) wants to call this taxing the rich, why is obama leveling this on a household and not imposing this on $125k single incomes?

[/quote]

I’m going to assume you’re talking about the social security/medicare tax increase here. That tax has always applied to ALL earnings of all individual taxpayers below a certain amount, and will simply now resume on all earnings of all individual taxpayers above a certain amount. It doesn’t discriminate on filing status or number of wage-earners in a family – everyone gets hit. So if you have one earner making 265000, and another making 135000, only the earner making over 250,000 will get hit (i.e. you’ll only pay the tax on the 15K the person making 265K made over 250K). The person making 135K won’t get to the other side of the donut hole, and won’t see any additional tax.

It’s no different than me and my wife. While we jointly make well over the current max tax cap, all of her earnings still take the medicare/ssi hit (since she doesn’t make the cap), and only the part of my earnings that exceed the cap are not taxed. It’d be really nice if hers were immune, but, as I said, it’s an individual payroll tax that cannot be paid jointly.

The other taxes Obama is currently in favor of are, of course, simply letting Bush’s tax breaks lapse on the top bracket, which will affect all three tax brackets, just at different break points based on filing status.

[an]

Right now, 2 people making $250k taxable income will have to pay $61,229. While a person making $125k is only responsible for $28,978. In 2000, a couple making $250k taxable income will have to pay $73,049 while a single person who make $125k will have to pay $33,431. So it seems the tax break helped married couple much more than single person.

[an]

Right now, 2 people making $250k taxable income will have to pay $61,229. While a person making $125k is only responsible for $28,978. In 2000, a couple making $250k taxable income will have to pay $73,049 while a single person who make $125k will have to pay $33,431. So it seems the tax break helped married couple much more than single person.

[an]

Right now, 2 people making $250k taxable income will have to pay $61,229. While a person making $125k is only responsible for $28,978. In 2000, a couple making $250k taxable income will have to pay $73,049 while a single person who make $125k will have to pay $33,431. So it seems the tax break helped married couple much more than single person.

[an]

Right now, 2 people making $250k taxable income will have to pay $61,229. While a person making $125k is only responsible for $28,978. In 2000, a couple making $250k taxable income will have to pay $73,049 while a single person who make $125k will have to pay $33,431. So it seems the tax break helped married couple much more than single person.

[Author]

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