Obama tax policy penalize family

[an]

[quote=blue_sky]WHAT THE FUCK IS WRONG WITH YOU PEOPLE. 125K is a LOT of money. Concrete example: one of my friends who is under 30, on a single income of less than 80K in San Diego owns his own house in a good neighborhood, that he put 150K down on and drives a (used) BMW 7 series.

If 125K / yr isn’t rich to you: YOU’RE DOING IT WRONG![/quote]
By your logic, $80k/year is rich too. I know a family with 4 kids who makes no more than $60k/year and are coming close to paying their home (in a good neighborhood) off free and clear as well as owning two cars (free and clear as well). So, I guess if you make more than $40k/year/person, you’re rich too. If $40k/yr isn’t rich to you: YOU’RE DOING IT WRONG.

[EconProf]

It is great sport to bash the rich, and to the average American, $250k per year surely qualifies. But not enough revenue will be generated since this cohort is simply too small in numbers. Probably under 5% of all taxpayers.
Expect Obama and the Democrat-controlled House and Senate to “correct” that threshold to $150k or $100k once in office.

[EconProf]

It is great sport to bash the rich, and to the average American, $250k per year surely qualifies. But not enough revenue will be generated since this cohort is simply too small in numbers. Probably under 5% of all taxpayers.
Expect Obama and the Democrat-controlled House and Senate to “correct” that threshold to $150k or $100k once in office.

[EconProf]

It is great sport to bash the rich, and to the average American, $250k per year surely qualifies. But not enough revenue will be generated since this cohort is simply too small in numbers. Probably under 5% of all taxpayers.
Expect Obama and the Democrat-controlled House and Senate to “correct” that threshold to $150k or $100k once in office.

[EconProf]

It is great sport to bash the rich, and to the average American, $250k per year surely qualifies. But not enough revenue will be generated since this cohort is simply too small in numbers. Probably under 5% of all taxpayers.
Expect Obama and the Democrat-controlled House and Senate to “correct” that threshold to $150k or $100k once in office.

[EconProf]

It is great sport to bash the rich, and to the average American, $250k per year surely qualifies. But not enough revenue will be generated since this cohort is simply too small in numbers. Probably under 5% of all taxpayers.
Expect Obama and the Democrat-controlled House and Senate to “correct” that threshold to $150k or $100k once in office.

[Anonymous]

[quote=kev374]It is an OUTRAGE to consider someone earning $125k/yr as “wealthy” when that income can’t even afford a decent single family home over here in Orange County. People earning $125k/yr already pay 48% in marginal taxes, you want to increase it.. Have you lost your mind?? Have you gone INSANE??

[/quote]

Yes. Demacommies are insane.

[Anonymous]

[quote=kev374]It is an OUTRAGE to consider someone earning $125k/yr as “wealthy” when that income can’t even afford a decent single family home over here in Orange County. People earning $125k/yr already pay 48% in marginal taxes, you want to increase it.. Have you lost your mind?? Have you gone INSANE??

[/quote]

Yes. Demacommies are insane.

[Anonymous]

[quote=kev374]It is an OUTRAGE to consider someone earning $125k/yr as “wealthy” when that income can’t even afford a decent single family home over here in Orange County. People earning $125k/yr already pay 48% in marginal taxes, you want to increase it.. Have you lost your mind?? Have you gone INSANE??

[/quote]

Yes. Demacommies are insane.

[Anonymous]

[quote=kev374]It is an OUTRAGE to consider someone earning $125k/yr as “wealthy” when that income can’t even afford a decent single family home over here in Orange County. People earning $125k/yr already pay 48% in marginal taxes, you want to increase it.. Have you lost your mind?? Have you gone INSANE??

[/quote]

Yes. Demacommies are insane.

[Anonymous]

[quote=kev374]It is an OUTRAGE to consider someone earning $125k/yr as “wealthy” when that income can’t even afford a decent single family home over here in Orange County. People earning $125k/yr already pay 48% in marginal taxes, you want to increase it.. Have you lost your mind?? Have you gone INSANE??

[/quote]

Yes. Demacommies are insane.

[sdnativeson]

As usual, comments and judgements are rushed to with not enough information, this is directed primarily to blue_sky.

If you look at Obamas “blueprint” for his administrations policies well, two points are glaring (for those who choose to exercise intellectual integrity) more government control over the citizenry and more taxes.

Anyone see the bill he is currently sponsoring with Hagel? http://obama.senate.gov/press/071211-obama_hagel_can/. How is that justifiable given the circumstances in our own country?

[sdnativeson]

As usual, comments and judgements are rushed to with not enough information, this is directed primarily to blue_sky.

If you look at Obamas “blueprint” for his administrations policies well, two points are glaring (for those who choose to exercise intellectual integrity) more government control over the citizenry and more taxes.

Anyone see the bill he is currently sponsoring with Hagel? http://obama.senate.gov/press/071211-obama_hagel_can/. How is that justifiable given the circumstances in our own country?

[sdnativeson]

As usual, comments and judgements are rushed to with not enough information, this is directed primarily to blue_sky.

If you look at Obamas “blueprint” for his administrations policies well, two points are glaring (for those who choose to exercise intellectual integrity) more government control over the citizenry and more taxes.

Anyone see the bill he is currently sponsoring with Hagel? http://obama.senate.gov/press/071211-obama_hagel_can/. How is that justifiable given the circumstances in our own country?

[sdnativeson]

As usual, comments and judgements are rushed to with not enough information, this is directed primarily to blue_sky.

If you look at Obamas “blueprint” for his administrations policies well, two points are glaring (for those who choose to exercise intellectual integrity) more government control over the citizenry and more taxes.

Anyone see the bill he is currently sponsoring with Hagel? http://obama.senate.gov/press/071211-obama_hagel_can/. How is that justifiable given the circumstances in our own country?

[Author]

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