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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Bindare_Dundat on October 27, 2008, 07:51:19 AM
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http://money.cnn.com/galleries/2008/fortune/0810/gallery.tully_henrys.fortune/index.html
Aspiring HENRYs played by the rules: They won the best grades in high school, got accepted at good colleges and grad schools, and worked daunting schedules as medical interns or associates in law firms.
Now this group of superachievers is being targeted as a cash machine. Barack Obama has pledged to pay for middle-class tax cuts and credits by raising taxes on the HENRYs. Obama and the congressional Democrats frequently refer to households earning over $250,000 as the "rich." But whether the HENRYs are truly "rich," or ever will be, is debatable.
The reason the HENRYs are strapped for both lifestyle and nest egg is twofold: First, they already face a large and rising burden for federal, state, and property taxes plus the knife of the AMT. Second, they invest heavily in their kids: saving for private colleges, paying for day care - and providing dance, tennis, or gymnastics lessons. They have little left over for either extravagant living or, in many cases, saving for an affluent retirement.
By Shawn Tully.
(http://i2.cdn.turner.com/money/galleries/2008/fortune/0810/gallery.tully_henrys.fortune/images/mag_HEN10_SLIDE_graphic.gif)
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"Raising taxes for people at my level is like punishing success." - Bill Kwon
Peoria, Ill.
Household income: $375,000
Financial advisor; freelance photographer
"I try to save 25% to 30% of my income every year," says Bill. "I'm a financial advisor, so I practice what I preach." At that rate, Kwon is among the few people in his income bracket heading for an affluent retirement. Kwon lives frugally, buying cars on eBay and shopping for discount airfares online.
"When I was young, I thought the well-to-do in Peoria had perfect lives," says Kwon. "Now I know they're just hard-working people supporting their families."
(http://i2.cdn.turner.com/money/galleries/2008/fortune/0810/gallery.tully_henrys.fortune/images/the_kwons.jpg)
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"If I blew my money like other people, I'd feel rich" - Kelly Lynch
Redondo Beach, Calif.
Household income: $400,000
CEO, maintenance company; chemical engineer
Like most people in her bracket, Kelly Lynch doesn't feel rich. "Making $400,000 sounded like a lot of money coming out of high school," she says. "Now I feel more like we're making $100,000 instead of $400,000." The couple pays about $100,000 a year in taxes, saves $800 a month for the kids' college funds, and puts $4,000 a month toward retirement. "If I were rich," she jokes, "I'd have an ocean view and take longer vacations."
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"We're not wealthy at all. We're well off and successful" -- Lee Pfannmuller
Minneapolis
Household income: $275,000
Biomedical engineer; manager, state agency
College costs are a huge item for them. Gary and Lee paid $50,000 a year to put daughter Kristen through Cornell. Now they face another four years of college bills: Their second daughter, Gretchen - whose high school cost $15,000 a year - is a Cornell freshman. The couple pay around 30% of their income, or $83,000, in federal, state, and local taxes.
(http://i2.cdn.turner.com/money/galleries/2008/fortune/0810/gallery.tully_henrys.fortune/images/seim_pfannmuller.jpg)
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Somehow, I think these families will find a way to survive paying a little more in taxes. ::) People making $250K or more hardly had to reign in their spending during the Clinton years. From what I recall, lot's of people were doing quite well under Clinton.
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Somehow, I think these families will find a way to survive paying a little more in taxes. ::) People making $250K or more hardly had to reign in their spending during the Clinton years. From what I recall, lot's of people were doing quite well under Clinton.
Are you in the 30% taxation range?
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Great idea Benny. Why dont we all aspire to earn less money so we pay less taxes. That will really encourage people to better themselves. And bravo on your other brilliant idea-- Because 10 years ago people earning 250k didnt pay a lot of taxes, they should now be penalized? lol
Imagine someone who goes to school for half their life and works their ass off to get a JD or MBA or medical license ,who now in addition to paying off student loans, has to fork over the highest amount of taxes in the entire country. Talk about penalizing someone for their success. I suppose having the government steal my money because poor people are poor and rich people are rich will really help the middle class. ::)
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The average household income in the US is $50,000. That's household income meaning everyone's income in that house.
Throw in a 401k plan, 125 cafeteria plan for health costs, health insurance premiums, life insurance premiums, property taxes, income taxes, payroll taxes, auto insurance, food, clothing, education and all the other costs to living and I think we can see what a whiny bunch of rich people we have in this country.
If joe lunchbucket with his $50k a year household income can get by, then these pussies making 250- million should shut the fuck up and pay their taxes like everyone else b/c they got whole lot more than everyone else.
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I agree, but those people arent making 250 million. Look at the chart above. the bulk of income tax comes from those making 50k- 100k, 100k- 200k and 250k- 500k!!!! How is that fair?
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I agree, but those people arent making 250 million. Look at the chart above. the bulk of income tax comes from those making 50k- 100k, 100k- 200k and 250k- 500k!!!! How is that fair?
Factor in the 12.4% flat payroll tax that everybody pays and that the government spends like income tax revenue and then you'll get a more accurate portrayl of who pays what in this country.
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Punishing those who are hard working and successful while rewarding those who are content with mediocrity is amusing.
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Somehow, I think these families will find a way to survive paying a little more in taxes. ::)
What people who make this comment fail to understand is that "little more" in taxes can be the difference between saving a little in the bank and saving nothing.
Try getting hit with AMT and see if you think paying "a little more" won't make a difference.
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See, they already pay "a little more", they shouldn't be penalyzed more. If we close some tax loopholes and everyone reported tax correctly, we wouldn't have to raise taxes more.
Again...some of these people sacrificed 5-15yrs in schooling while others were partying or whatever...only to find that now they can finally make good money in their 30s, they are going to be taxed at much higher rates for the same goods & services. Anyone giving them breaks on their $50-100,000 loans? And if they aren't a minority or very low income, anyone pay for middle income student loans? Nope.
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See, they already pay "a little more", they shouldn't be penalyzed more. If we close some tax loopholes and everyone reported tax correctly, we wouldn't have to raise taxes more.
Again...some of these people sacrificed 5-15yrs in schooling while others were partying or whatever...only to find that now they can finally make good money in their 30s, they are going to be taxed at much higher rates for the same goods & services. Anyone giving them breaks on their $50-100,000 loans? And if they aren't a minority or very low income, anyone pay for middle income student loans? Nope.
I agree with your loophole argument. Have a straight grade income tax. Drop the tax rates as low as we can go.
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See, they already pay "a little more", they shouldn't be penalyzed more. If we close some tax loopholes and everyone reported tax correctly, we wouldn't have to raise taxes more.
Again...some of these people sacrificed 5-15yrs in schooling while others were partying or whatever...only to find that now they can finally make good money in their 30s, they are going to be taxed at much higher rates for the same goods & services. Anyone giving them breaks on their $50-100,000 loans? And if they aren't a minority or very low income, anyone pay for middle income student loans? Nope.
They are not being "penalized" by paying the same amount in taxes that were paid under the Clinton administration. Wealthy Americans did not ask for Bush's irresponsible tax cuts that have given us the highest budget deficit in history.
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"If I blew my money like other people, I'd feel rich" - Kelly Lynch
Redondo Beach, Calif.
Household income: $400,000
CEO, maintenance company; chemical engineer
Like most people in her bracket, Kelly Lynch doesn't feel rich. "Making $400,000 sounded like a lot of money coming out of high school," she says. "Now I feel more like we're making $100,000 instead of $400,000." The couple pays about $100,000 a year in taxes, saves $800 a month for the kids' college funds, and puts $4,000 a month toward retirement. "If I were rich," she jokes, "I'd have an ocean view and take longer vacations."
hmmm so so roughtly 240,000 to live on after taxes is..... thats 20,000 a month... AFTER TAXES...
So with Obamas plan... they would pay 4500 more in taxes, but would get 7500 in health care tax credit. SOOOOOOOOOOOOOO... Do ya need to be a Harvard PHD to figure out the math? Coach still cant... (they will overall pay 3500 less in taxes under obama)
Now lets not forget they get tax credits for each kid....
Im sorry im tired of these fuckers complaining when people who work 1000 times as hard as them and make 40,000 a year for their family to survive on....
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"We're not wealthy at all. We're well off and successful" -- Lee Pfannmuller
Minneapolis
Household income: $275,000
Biomedical engineer; manager, state agency
College costs are a huge item for them. Gary and Lee paid $50,000 a year to put daughter Kristen through Cornell. Now they face another four years of college bills: Their second daughter, Gretchen - whose high school cost $15,000 a year - is a Cornell freshman. The couple pay around 30% of their income, or $83,000, in federal, state, and local taxes.
(http://i2.cdn.turner.com/money/galleries/2008/fortune/0810/gallery.tully_henrys.fortune/images/seim_pfannmuller.jpg)
Cornell 50,000 a year??? Sorry Cornell doesnt cost that much for a year of school..
Sending their kid to a HS that costs 15,000??? LOL
These fuckers deserve to be broke... And Id GUARANTEE YOU their accountant finds loopholes
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Cornell 50,000 a year??? Sorry Cornell doesnt cost that much for a year of school..
http://www.news.cornell.edu/stories/Jan08/tuition08-09.html
The Cornell Board of Trustees has approved a 4.9 percent tuition increase for undergraduate students in the university's endowed colleges. But tuition for the university's Graduate School research students will drop by 10.1 percent.
Overall, the cost of room and board, tuition and mandatory fees for undergraduate students in Cornell's endowed colleges will rise by 4.7 percent, to $48,194 from $46,021[\quote]
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"They are not being "penalized" by paying the same amount in taxes that were paid under the Clinton administration. Wealthy Americans did not ask for Bush's irresponsible tax cuts that have given us the highest budget deficit in history."
I understand this argument, makes some sense. However, I see all kinds of taxes going up...not just income tax for people in the upper middle income brackets.
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Tuition for Cornell's endowed undergraduate students is being set at $36,300, up from the current $34,600.
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Rich people whining about higher taxes?
(http://www.toontownfriends.com/images/smiles/violin-smiley.gif)
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The point is that these people arent rich moron. 250k per year with student loans, children, the cost of living and everything that everyone has to pay for on top of being taxed more heavily than anyone else isn't a winfall by any means. I suppose people who make money should be taxed until they are as broke as everyone else. That way things will be more "equal" right?
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http://money.cnn.com/galleries/2008/fortune/0810/gallery.tully_henrys.fortune/index.html
Aspiring HENRYs played by the rules: They won the best grades in high school, got accepted at good colleges and grad schools, and worked daunting schedules as medical interns or associates in law firms.
Now this group of superachievers is being targeted as a cash machine. Barack Obama has pledged to pay for middle-class tax cuts and credits by raising taxes on the HENRYs. Obama and the congressional Democrats frequently refer to households earning over $250,000 as the "rich." But whether the HENRYs are truly "rich," or ever will be, is debatable.
The reason the HENRYs are strapped for both lifestyle and nest egg is twofold: First, they already face a large and rising burden for federal, state, and property taxes plus the knife of the AMT. Second, they invest heavily in their kids: saving for private colleges, paying for day care - and providing dance, tennis, or gymnastics lessons. They have little left over for either extravagant living or, in many cases, saving for an affluent retirement.
By Shawn Tully.
(http://i2.cdn.turner.com/money/galleries/2008/fortune/0810/gallery.tully_henrys.fortune/images/mag_HEN10_SLIDE_graphic.gif)
Pretty funny since just last year he wanted to raise taxes on anyone making just $42k. Just want I want to do, grow my business so I can give what I make to someone else.......yep, makes sense too me ::)
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Tuition for Cornell's endowed undergraduate students is being set at $36,300, up from the current $34,600.
Books, dorms , food and more cost money too you know....
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I suppose people who make money should be taxed until they are as broke as everyone else. That way things will be more "equal" right?
::)
IDIOT
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Cornell 50,000 a year??? Sorry Cornell doesnt cost that much for a year of school..
Sending their kid to a HS that costs 15,000??? LOL
These fuckers deserve to be broke... And Id GUARANTEE YOU their accountant finds loopholes
I would like to see their effective tax rate (what they really pay) versus their nominal rate (top marginal bracket).
Where the hell is it written that Yuppie kids are entitled to a Cornell education? Do what I did. Get a scholarship and take out loans.
If that family making all that cash is barely towing the line to send JR. to Cornell, then maybe Cornell is not a sound choice of schools. State schools work.
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What I cant understand for the life of me is how people who aren't poor think Obama will be good for the economy. Someone who votes for Obama because of the economy and is wealthy, upper middle class, or middle class but seeking to increase their income must really be insane. Throw in the fact that Obama wants to spend billions of our tax dollars to fight global poverty, wants to socialize health care, wants to give amnesty to 12 million illegals, wants to repeal Nafta and on and on and on, and him becoming president is going to not only make things worse, but destroy an economy thats already in bad shape.
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Yes, I am an idiot because I disagree with you and you have absolutely no rebuttal.
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The point is that these people arent rich moron. 250k per year with student loans, children, the cost of living and everything that everyone has to pay for on top of being taxed more heavily than anyone else isn't a winfall by any means. I suppose people who make money should be taxed until they are as broke as everyone else. That way things will be more "equal" right?
Or a 10,000 dollar a year highschool? ???
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I didnt mean them in particular. I am talking generally about people who earn that amount of money. And so what if thats how much HS costs. I suppose when you earn enough money to send your kids to the best schools money can buy, you should be taxed to the point where you have to send them to public school so that people who earn 20,000$ a year don't have to pay any taxes. I also guess millionares are the only ones who get to send their kids to the best schools. I mean this is insane. You work your ass off to give your kids the advantages you didn't have and the advantages only the rich have and in return you get taxed to the stone age. Wonderful system. I am sure the economy will be stimulated greatly.
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Pretty funny since just last year he wanted to raise taxes on anyone making just $42k. Just want I want to do, grow my business so I can give what I make to someone else.......yep, makes sense too me ::)
Joe that "raise 42k taxes" has already been disproven by Fact Check... Do you not pay attention to news?
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Books, dorms , food and more cost money too you know....
And if you cant afford to send your kid to one of the most expensive Undergrad schools in the land, they should go to colleges they can afford. Only reason to go to a IVY league school is if you have a scholarship...
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Thats what I did Decker. I got a partial undergrad scholarship for academics and took the rest out in loans. by the time med school was finished, I had over $80,000 in loans...and I worked on the weekends and lived in crappy areas to keep that loan amount as low as possible. 12 yrs I spent in school after HS, poor, then to get out with over $80,000 of loans. Now, I am not of the income that we are discussing raising taxes in this election but many professionals are. I feel we all pay enough taxes already and its a slippery slope when liberals talk about what is 'fair'. That $250,000 could easily creep down to $150,000. What about all the sacrifices professionals make along the way? We shouldn't have to again sacrifice when we finally start making good money after the delayed gratification doing what we were supposed to.
We must avoid a small % of millionaires, a shrinking middle class and a boatload of poor people...I understand that but we all pay enough % of taxes already, just make the people and corporations really pay them.
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LOL- OK so if they could afford it before the tax avanalnche its ok, but now they should go somewhere else because they have to give their money to poor people. Do you see the hypocrisy at work here? Why shouldn't people who aren't in their tax brackets pick up the slack? Shouldn't they live within their means instead of penalizing the 250k tax bracket?
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http://money.cnn.com/galleries/2008/fortune/0810/gallery.tully_henrys.fortune/index.html
Aspiring HENRYs played by the rules: They won the best grades in high school, got accepted at good colleges and grad schools, and worked daunting schedules as medical interns or associates in law firms.
Now this group of superachievers is being targeted as a cash machine. Barack Obama has pledged to pay for middle-class tax cuts and credits by raising taxes on the HENRYs. Obama and the congressional Democrats frequently refer to households earning over $250,000 as the "rich." But whether the HENRYs are truly "rich," or ever will be, is debatable.
The reason the HENRYs are strapped for both lifestyle and nest egg is twofold: First, they already face a large and rising burden for federal, state, and property taxes plus the knife of the AMT. Second, they invest heavily in their kids: saving for private colleges, paying for day care - and providing dance, tennis, or gymnastics lessons. They have little left over for either extravagant living or, in many cases, saving for an affluent retirement.
By Shawn Tully.
(http://i2.cdn.turner.com/money/galleries/2008/fortune/0810/gallery.tully_henrys.fortune/images/mag_HEN10_SLIDE_graphic.gif)
Great thread BD.
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Shoot you nailed it. I am going to be going through the same crap in about 8 months, except I am starting out in one of the lower tax brackets ( having my first job). Then, while owing the government almost 200k I am supposed to work my way up to increase my earnings. Hopefully within 4 or 5 years I will be making 250k +, only then I'll pay the highest taxes in the country and I'll still have to pay off my student loans. Makes me think 4 years of college and 3 years of graduate school was an utter waste of time. I should have become a fireman or cop and said screw the student loans and high taxes.
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Thats what I did Decker. I got a partial undergrad scholarship for academics and took the rest out in loans. by the time med school was finished, I had over $80,000 in loans...and I worked on the weekends and lived in crappy areas to keep that loan amount as low as possible. 12 yrs I spent in school after HS, poor, then to get out with over $80,000 of loans. Now, I am not of the income that we are discussing raising taxes in this election but many professionals are. I feel we all pay enough taxes already and its a slippery slope when liberals talk about what is 'fair'. That $250,000 could easily creep down to $150,000. What about all the sacrifices professionals make along the way? We shouldn't have to again sacrifice when we finally start making good money after the delayed gratification doing what we supposed to.
We must avoid a small % of millionaires, a shrinking middle class and a boatload of poor people...I understand that but we all pay enough % of taxes already, just make the people and corporations really pay them.
So paying a extra 3% above 250k is going to change someones lifestyle? fuck out of here....
Go do your research how much taxes where under Nixon, Carter, Regan, Bush, Clinton and Bush 2...
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LOL- OK so if they could afford it before the tax avanalnche its ok, but now they should go somewhere else because they have to give their money to poor people. Do you see the hypocrisy at work here? Why shouldn't people who aren't in their tax brackets pick up the slack? Shouldn't they live within their means instead of penalizing the 250k tax bracket?
People making over 250k got INSANE tax breaks the past 8 years and the middle class got fucked...
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Yes, I am an idiot because I disagree with you and you have absolutely no rebuttal.
No, you're an IDIOT of your nonsensical posts.
LMAOOOOOOO
WOW- I suppose this woman kicked her own ass and took her own money too. You fucking people are ridiculous. The double standard rears its ugly head once again. Whats next? The Bush administration hired the animal who attacked this woman? Or wait... This woman liked role playing with her black boyfriend who only pretended to beat her up and rob her because it turns her on... He actually was waiting for her at home wearing patent leather chaps and a mask for some S+M. That would explain why she refused medical attention!
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LOL Im an idiot because of something I posted in another thread that has nothing to do with this topic. I already adressed that posting in that thread. What does that have to do with taxes? Benny, you really need help dude. Have you ever won an argument in your entire life or when someone disagrees with you do you throw your hands up in the air and run away?
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Thats what I did Decker. I got a partial undergrad scholarship for academics and took the rest out in loans. by the time med school was finished, I had over $80,000 in loans...and I worked on the weekends and lived in crappy areas to keep that loan amount as low as possible. 12 yrs I spent in school after HS, poor, then to get out with over $80,000 of loans. Now, I am not of the income that we are discussing raising taxes in this election but many professionals are. I feel we all pay enough taxes already and its a slippery slope when liberals talk about what is 'fair'. That $250,000 could easily creep down to $150,000. What about all the sacrifices professionals make along the way? We shouldn't have to again sacrifice when we finally start making good money after the delayed gratification doing what we were supposed to.
We must avoid a small % of millionaires, a shrinking middle class and a boatload of poor people...I understand that but we all pay enough % of taxes already, just make the people and corporations really pay them.
If you are concerned about paying higher taxes, Decker and Obama believe you should simply make less money.
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If you are concerned about paying higher taxes, Decker and Obama believe you should simply make less money.
Taxes are the last thing on my mind. Health care, Education are on my top priorities. People would rather save 1500 in taxes and watch the country continue to go down the Bush tubes. After they loose their jobs tax rate will be the last thing on their mind...
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Thats what I did Decker. I got a partial undergrad scholarship for academics and took the rest out in loans. by the time med school was finished, I had over $80,000 in loans...and I worked on the weekends and lived in crappy areas to keep that loan amount as low as possible. 12 yrs I spent in school after HS, poor, then to get out with over $80,000 of loans. Now, I am not of the income that we are discussing raising taxes in this election but many professionals are. I feel we all pay enough taxes already and its a slippery slope when liberals talk about what is 'fair'. That $250,000 could easily creep down to $150,000. What about all the sacrifices professionals make along the way? We shouldn't have to again sacrifice when we finally start making good money after the delayed gratification doing what we were supposed to.
We must avoid a small % of millionaires, a shrinking middle class and a boatload of poor people...I understand that but we all pay enough % of taxes already, just make the people and corporations really pay them.
You did exactly what I did. I left Law School owing over $100,000. During my education, I lived in a roach infested apartment that was so small I had no room for a bed. I slept on a couch for 3 years. The roaches got into my books, food, and computer. But rent was only 420/month which is good for Chicago.
I view us as the stronger people in society. We can shoulder more of the burden than the average person. Why? We're talented and we showed it with our educational pursuits.
I don't mind kicking in a little extra b/c I know some of that money does good things.
That doesn't mean I love paying taxes. I would love to see the Code overhauled. I would like to see it simplified and I would love to see nominal tax rates only adjusted as low as we can go.
For that to happen, the spending has to be frozen in some manner and the taxes must be reanalyzed by tax econometricians. And that must be done in a transparent manner communicated to us in plain english.
I ask a lot. But I expect a lot.
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Taxes are the last thing on my mind. Health care, Education are on my top priorities. People would rather save 1500 in taxes and watch the country continue to go down the Bush tubes. After they loose their jobs tax rate will be the last thing on their mind...
I care about a lot of issues. Taxes are the first thing on Obama's mind, because he keeps talking about them everyday. Same with McCain.
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Somehow, I think these families will find a way to survive paying a little more in taxes. ::) People making $250K or more hardly had to reign in their spending during the Clinton years. From what I recall, lot's of people were doing quite well under Clinton.
Benny, do you have to pay the AMT?
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You did exactly what I did. I left Law School owing over $100,000. During my education, I lived in a roach infested apartment that was so small I had no room for a bed. I slept on a couch for 3 years. The roaches got into my books, food, and computer. But rent was only 420/month which is good for Chicago.
I view us as the stronger people in society. We can shoulder more of the burden than the average person. Why? We're talented and we showed it with our educational pursuits.
I don't mind kicking in a little extra b/c I know some of that money does good things.
That doesn't mean I love paying taxes. I would love to see the Code overhauled. I would like to see it simplified and I would love to see nominal tax rates only adjusted as low as we can go.
For that to happen, the spending has to be frozen in some manner and the taxes must be reanalyzed by tax econometricians. And that must be done in a transparent manner communicated to us in plain english.
I ask a lot. But I expect a lot.
What 'good things' does it do? Support millions of illegals and welfare queens?
So are your expectations being met? No? Must be Bush's fault....
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An experiment to try: Go to a restaurant. After dinner, tell the waiter you are giving his tip to someone who is needier than him. Now, go outside and give $10 to the homeless guy (afterall, he needs it more, right?) See how angry the waiter gets. The homeless guy was grateful for the money he did not earn, but the waiter was pretty angry that I gave away the money that he did earn. I guess this Redistribution of Wealth is an easier thing to swallow in concept than in practical application.
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boo f'ing hoo...i am sure these people wont be having to hit up the breadlines at worst they will have to give their daughters a Toyota instead of a Honda on the sweet sixteen birthday. Or, i know, how about you make your kids work for their cars and post secondary education (although with them working they wont have as much time to get loser pissed and take nudie photos of themselves for blinkys college girls thread) like thousands of others. That one family talking about their bills and how they had a hard time paying for their daughters uni as the younger one went to a expensive private school...shit if your kids so smart send them to public school if they do good there then yes they are smart...if they do good at a 15000 a year school ,guess what you bought 15000 dollars worth of tutoring and extra help and your kid is not as smart as you think... Christ i wish i made over 200 and all i had to do was go to an office yeah life sure is tuff.... fing pussys
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boo f'ing hoo...i am sure these people wont be having to hit up the breadlines at worst they will have to give their daughters a Toyota instead of a Honda on the sweet sixteen birthday. Or, i know, how about you make your kids work for their cars and post secondary education (although with them working they wont have as much time to get loser pissed and take nudie photos of themselves for blinkys college girls thread) like thousands of others. That one family talking about their bills and how they had a hard time paying for their daughters uni as the younger one went to a expensive private school...shit if your kids so smart send them to public school if they do good there then yes they are smart...if they do good at a 15000 a year school ,guess what you bought 15000 dollars worth of tutoring and extra help and your kid is not as smart as you think... Christ i wish i made over 200 and all i had to do was go to an office yeah life sure is tuff.... fing pussys
I never thought people would show so much animosity toward other people that strive to have the best life for themselves and their children. Do you think these families got their income handed to them on a silver platter?
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correct me if im wrong.
but let's say under obamas plan tax rate is 25% for people making under 250k, and 35% for people making under 250k.
if you're making 249k you get taxed 25%
and if you're making over 250k, say 251k, you are not suddenly taxed 35% instead, but every dollar you make OVER 250k is taxed at 35%?
is this right?
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I never thought people would show so much animosity toward other people that strive to have the best life for themselves and their children. Do you think these families got their income handed to them on a silver platter?
no i bet they worked hard for it but i also bet that a lot (not all) got a lot of breaks that the family's making 100 didn't get .....all you hear about is people not wanting to pull their weight.....i want high voltage power lines ...but not near my house...i eat pork but don't think of putting a pig farm anywheres near where i live... i want police to make sure i am safe but don't raise my taxes raise that guys over there everyone just keeps passing the f'ing buck and its stupid...tell you what since people don't think its fair that they are being penalized for being successfull...do better and get in the next bracket that isn't being taxed as bad
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boo f'ing hoo...i am sure these people wont be having to hit up the breadlines at worst they will have to give their daughters a Toyota instead of a Honda on the sweet sixteen birthday. Or, i know, how about you make your kids work for their cars and post secondary education (although with them working they wont have as much time to get loser pissed and take nudie photos of themselves for blinkys college girls thread) like thousands of others. That one family talking about their bills and how they had a hard time paying for their daughters uni as the younger one went to a expensive private school...shit if your kids so smart send them to public school if they do good there then yes they are smart...if they do good at a 15000 a year school ,guess what you bought 15000 dollars worth of tutoring and extra help and your kid is not as smart as you think... Christ i wish i made over 200 and all i had to do was go to an office yeah life sure is tuff.... fing pussys
Yay politics of ENVY.
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Yay politics of ENVY.
Seems like this thread has a lot of it going around.
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odilly.
FUCK YOU.
Thanks, and have a great day.
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correct me if im wrong.
but let's say under obamas plan tax rate is 25% for people making under 250k, and 35% for people making under 250k.
if you're making 249k you get taxed 25%
and if you're making over 250k, say 251k, you are not suddenly taxed 35% instead, but every dollar you make OVER 250k is taxed at 35%?
is this right?
Not sure of the exact numbers, ...but my understanding is that under Clinton, the rate was 39%.
Under Bush, he dropped the tax rate by 3 points, bringing it down to 36% for a limited period of time.
What Obama wants to do is to simply allow the tax cut to expire when it runs out, bringing it back to 39% again.
It's like a giant weekend sale at Macy's where you get 3% off on linens. Come Monday, regular prices apply.
Everyone is bitching because they want Obama to extend the sale on linens into the regular week, and Obama is saying we already put linens on sale on the weekend, ...during the week, we want consumers to save on food and clothing. And the rich are saying, ...but we want more linens, ...and Obama is saying you have enough sheets, if you want more, you have to buy them at regular prices. This week, we're putting clothes and food on sale, 'cause these people can barely afford clothes or food. Macy's is gonna cut these guys a break 'cause you guys have had a break all weekend, but no one has given these guys a break yet on what they need :D
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Not sure of the exact numbers, ...but my understanding is that under Clinton, the rate was 39%.
Under Bush, he dropped the tax rate by 3 points, bringing it down to 36% for a limited period of time.
What Obama wants to do is to simply allow the tax cut to expire when it runs out, bringing it back to 39% again.
It's like a giant weekend sale at Macy's where you get 3% off on linens. Come Monday, regular prices apply.
Everyone is bitching because they want Obama to extend the sale on linens into the regular week, and Obama is saying we already put linens on sale on the weekend, ...during the week, we want consumers to save on food and clothing. And the rich are saying, ...but we want more linens, ...and Obama is saying you have enough sheets, if you want more, you have to buy them at regular prices. This week, we're putting clothes and food on sale, 'cause these people can barely afford clothes or food. Macy's is gonna cut these guys a break 'cause you guys have had a break all weekend, but no one has given these guys a break yet on what they need :D
my question isnt the numbers but whether once you hit the 250k mark of income, whether you are taxed more on every dollar you make OVER 250k, or if ALL the money you make is taxed more once you hit 250k.
i think it's a horrible plan if it's the latter.
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What 'good things' does it do? Support millions of illegals and welfare queens?
Libraries. Highways. Education. Disease control. FDIC. The GI Bill. The National Park System. And a wholllllle lot more.
So are your expectations being met? No? Must be Bush's fault....
No they are not. George W. Bush is a mass murderer and enemy of democratic constitutional government.
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Hahaha. Sarcasm, my socialist friend, it's called sarcasm...
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Hahaha. Sarcasm, my socialist friend, it's called sarcasm...
Sometimes I'm dumb.
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I care about a lot of issues. Taxes are the first thing on Obama's mind, because he keeps talking about them everyday. Same with McCain.
He keeps talking about them becasue Mccain keeps telling people Obama is going to raise everyones taxes... So he has no choice but to keep talking about them...
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correct me if im wrong.
but let's say under obamas plan tax rate is 25% for people making under 250k, and 35% for people making under 250k.
if you're making 249k you get taxed 25%
and if you're making over 250k, say 251k, you are not suddenly taxed 35% instead, but every dollar you make OVER 250k is taxed at 35%?
is this right?
Correct... So with your analogy if a individual made 400,000. They would get taxed 25% from 1-250,000 then from 250,001 to 400k they would get taxed 35%....
In Obamas plan that person would actually get taxed 4500 more, but would get 7500 tax reduction for health care costs... So they would end up paying 3,000 less than Right now...
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Sometimes I'm dumb.
No, I wouldn't say you are dumb. You appear to be one of the more intelligent ones on here, which is why your political tendencies perplex me...
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Correct... So with your analogy if a individual made 400,000. They would get taxed 25% from 1-250,000 then from 250,001 to 400k they would get taxed 35%....
In Obamas plan that person would actually get taxed 4500 more, but would get 7500 tax reduction for health care costs... So they would end up paying 3,000 less than Right now...
Horseshit.
I don't get taxed on the lower rate to a point, then the next rate to the next benchmark, and so on. If you make 99K, you get taxed on 99K. If you make 100K, you get taxed on the WHOLE 100K at the higher rate.
I got a raise at a job a couple years ago, and when all was figured out, I was making LESS than before, due to being in a higher tax bracket. I actually asked to make $1 less to be in the lower tax bracket...
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But you must factor all the other taxes outside of income tax that will be raised under Obama and a democratic house and senate. People keep overlooking these...
Capital gains, Payroll tax, corporate tax, taxes on our 401Ks and benefits, taxes on seniors making over $50,000, marriage tax, death/inheritance tax for certain...those are just the ones I know of.
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Hereford, its supposed to be a graduated system on certain ranges of income, your money is supposed to be taxed at different rates based on the range that portion of the $ falls in (the more $, the higher the tax rate).
The problem is thats just for federal income tax. We pay state, local, rita, and other taxes on top federal taxes. Its not uncommon for professionals to be taxed 35-40% of their total wages, which is bullshit!
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He keeps talking about them becasue Mccain keeps telling people Obama is going to raise everyones taxes... So he has no choice but to keep talking about them...
He keeps talking about them because they are a central part of his campaign. He knows that one of the primary advantages conservatives have over liberals is tax philosophy, and if he can be the one championing tax cuts, McCain is in serious trouble. Seems to be working.
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No, I wouldn't say you are dumb. You appear to be one of the more intelligent ones on here, which is why your political tendencies perplex me...
No, sometimes I'm on cloud 9 mentally.
In my opinion, all politics is based on values. I value things a little bit differently than my philosophic counterparts. I work in a field that should predispose me towards hatred of my government. I work with IRS/DOL regs quite a bit. But I don't. I know the good things that some gov. programs can do from firsthand experience. I have no problem with a hand up b/c I know people make mistakes repeatedly.