Obama tax policy penalize family

[SDEngineer]

[quote]
The bottom 50% of wage earner pay only 3% of the federal income taxes. The middle class, lower class doesn’t pay any tax other then SS.

The top 1% of wage earners. I think that is above $200k or so pay 40% of the taxes.

That is the problem with our system now. Not enough people share in the cost of government. Since half the people don’t pay tax why should they care what the government spends? What happens is we have a system ran by the special interests and Government has become its own special interest.

[/quote]

The top 1% also have 33% of the total wealth in this country, and the top 10% around 75% of the total wealth. It looks a lot less unfair once you realize that.

The bottom 50% have something like 5% of the total wealth in the country. It’s hard to save when you’re living paycheck to paycheck.

[an]

[quote=SDEngineer]
The top 1% also have 33% of the total wealth in this country, and the top 10% around 75% of the total wealth. It looks a lot less unfair once you realize that.

The bottom 50% have something like 5% of the total wealth in the country. It’s hard to save when you’re living paycheck to paycheck.
[/quote]
It’s not that hard to save if you really want to. But that’s not the American way. If immigrants can move themselves to the middle class and beyond in less than 20 years, even when they came to this country with nothing more than the clothes on their back. There should be no real excuse for those who are born here to do the same. The only valid excuse in my eyes is physical/mental disability.

[an]

[quote=SDEngineer]
The top 1% also have 33% of the total wealth in this country, and the top 10% around 75% of the total wealth. It looks a lot less unfair once you realize that.

The bottom 50% have something like 5% of the total wealth in the country. It’s hard to save when you’re living paycheck to paycheck.
[/quote]
It’s not that hard to save if you really want to. But that’s not the American way. If immigrants can move themselves to the middle class and beyond in less than 20 years, even when they came to this country with nothing more than the clothes on their back. There should be no real excuse for those who are born here to do the same. The only valid excuse in my eyes is physical/mental disability.

[an]

[quote=SDEngineer]
The top 1% also have 33% of the total wealth in this country, and the top 10% around 75% of the total wealth. It looks a lot less unfair once you realize that.

The bottom 50% have something like 5% of the total wealth in the country. It’s hard to save when you’re living paycheck to paycheck.
[/quote]
It’s not that hard to save if you really want to. But that’s not the American way. If immigrants can move themselves to the middle class and beyond in less than 20 years, even when they came to this country with nothing more than the clothes on their back. There should be no real excuse for those who are born here to do the same. The only valid excuse in my eyes is physical/mental disability.

[an]

[quote=SDEngineer]
The top 1% also have 33% of the total wealth in this country, and the top 10% around 75% of the total wealth. It looks a lot less unfair once you realize that.

The bottom 50% have something like 5% of the total wealth in the country. It’s hard to save when you’re living paycheck to paycheck.
[/quote]
It’s not that hard to save if you really want to. But that’s not the American way. If immigrants can move themselves to the middle class and beyond in less than 20 years, even when they came to this country with nothing more than the clothes on their back. There should be no real excuse for those who are born here to do the same. The only valid excuse in my eyes is physical/mental disability.

[an]

[quote=SDEngineer]
The top 1% also have 33% of the total wealth in this country, and the top 10% around 75% of the total wealth. It looks a lot less unfair once you realize that.

The bottom 50% have something like 5% of the total wealth in the country. It’s hard to save when you’re living paycheck to paycheck.
[/quote]
It’s not that hard to save if you really want to. But that’s not the American way. If immigrants can move themselves to the middle class and beyond in less than 20 years, even when they came to this country with nothing more than the clothes on their back. There should be no real excuse for those who are born here to do the same. The only valid excuse in my eyes is physical/mental disability.

[Arty]

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??

If you are making 125k and can’t buy a house, you should cut back on your spending. No one tells you to live in OC! Move that’s the capitalist way :)! Also, People who earn 125k/yr do not pay 48% in marginal taxes unless your accountant sucked!

[Arty]

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??

If you are making 125k and can’t buy a house, you should cut back on your spending. No one tells you to live in OC! Move that’s the capitalist way :)! Also, People who earn 125k/yr do not pay 48% in marginal taxes unless your accountant sucked!

[Arty]

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??

If you are making 125k and can’t buy a house, you should cut back on your spending. No one tells you to live in OC! Move that’s the capitalist way :)! Also, People who earn 125k/yr do not pay 48% in marginal taxes unless your accountant sucked!

[Arty]

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??

If you are making 125k and can’t buy a house, you should cut back on your spending. No one tells you to live in OC! Move that’s the capitalist way :)! Also, People who earn 125k/yr do not pay 48% in marginal taxes unless your accountant sucked!

[Arty]

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??

If you are making 125k and can’t buy a house, you should cut back on your spending. No one tells you to live in OC! Move that’s the capitalist way :)! Also, People who earn 125k/yr do not pay 48% in marginal taxes unless your accountant sucked!

[kev374]

Using the calculators at paycheckcity.com, $250k for a couple would translate into a net income of $164,800. $125,000 as a single translates into $79,700 net.

The married couples makes $85,000 net MORE than the single guy. The fixed costs like living and food are about the same or neglibily more. If the married couple has car loans then that may be an additional expense, and perhaps gas.

So, the couple’s fixed costs may increase 5 – 10% over a single but their available discretionary income skyrockets making them infact MUCH more wealthy.

[kev374]

Using the calculators at paycheckcity.com, $250k for a couple would translate into a net income of $164,800. $125,000 as a single translates into $79,700 net.

The married couples makes $85,000 net MORE than the single guy. The fixed costs like living and food are about the same or neglibily more. If the married couple has car loans then that may be an additional expense, and perhaps gas.

So, the couple’s fixed costs may increase 5 – 10% over a single but their available discretionary income skyrockets making them infact MUCH more wealthy.

[kev374]

Using the calculators at paycheckcity.com, $250k for a couple would translate into a net income of $164,800. $125,000 as a single translates into $79,700 net.

The married couples makes $85,000 net MORE than the single guy. The fixed costs like living and food are about the same or neglibily more. If the married couple has car loans then that may be an additional expense, and perhaps gas.

So, the couple’s fixed costs may increase 5 – 10% over a single but their available discretionary income skyrockets making them infact MUCH more wealthy.

[kev374]

Using the calculators at paycheckcity.com, $250k for a couple would translate into a net income of $164,800. $125,000 as a single translates into $79,700 net.

The married couples makes $85,000 net MORE than the single guy. The fixed costs like living and food are about the same or neglibily more. If the married couple has car loans then that may be an additional expense, and perhaps gas.

So, the couple’s fixed costs may increase 5 – 10% over a single but their available discretionary income skyrockets making them infact MUCH more wealthy.

[Author]

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