Where Do You Stand? With the Rich or Middle Class?

[dr.chimps]

Sure, want to compare charitable donations? I for one, don't think Jesus wanted people to be poor. There's a difference between freely giving and stealing.

Charitable donations are tax deductible, as well as morally assuaging, so we'll discount that one. And pretty sure, even if there was such a person as Jesus, no one, let alone you, would know what he wanted.   

[Wiggs]

Sure, want to compare charitable donations? I for one, don't think Jesus wanted people to be poor. There's a difference between freely giving and stealing.

What part of that do you not understand?  This has nothing to do with charitable donations or Jesus wanting people to be poor.

IT IS EASIER FOR A CAMEL TO GO THROUGH THE EYE OF A NEEDLE THAN FOR A RICH MAN TO ENTER THE KINGDOM OF GOD.

Do you understand that?  It means Rich will burn in hell and rightfully so when there are so many on the earth starving.  Don't twist God's words Joe.  You know better than that.

[OneMoreRep]

It's not as simple as Rich vs Middle Class.

The new tax reform aims at taxing individuals who make over $200,000 at 30%.

Families that make over $250,000 at 30%.

Individuals making over $1 Millions at 35%.

Making over $250K does not qualify anyone as rich in this country, by no stretch of the imagination.

Making over a $1 Million, does not qualify anyone as rich in this country, considering how your take-home income becomes a 2/3rd's of that amount after taxes.

In my honest opinion, you can consider yourself rich when you no longer have to work for the rest of your life because (A) the money you have saved is enough to support you and your family for the rest of your lives and (B) you have money invested that can continuously bring you a return on investment by way of capital gains, which then guarantees continued growth of your wealth.

Not many Americans can claim to be that rich, hence why this tax reform is a little unfair to say the least.

"1"

[Shockwave]

It's not as simple as Rich vs Middle Class.

The new tax reform aims at taxing individuals who make over $200,000 at 30%.

Families that make over $250,000 at 30%.

Individuals making over $1 Millions at 35%.

Making over $250K does not qualify anyone as rich in this country, by no stretch of the imagination.

Making over a $1 Million, does not qualify anyone as rich in this country, considering how your taking home becomes a 3rd of that amount after taxes.

In my honest opinion, you can consider yourself rich when you no longer have to work for the rest of your life because (A) the money you have saved is enough to support you and your family for the rest of your lives and (B) you have money invested that can continuously bring you a return on investment by way of capital gains, which then guarantees continued growth of your wealth.

Not many Americans can claim to be that rich, hence why this tax reform is a little unfair to say the least.

"1"

I like you Sully OMR, thats why I'm going to kill you last.

[Marty Champions]

if you can put 150,000 in the bank every year id say you ARE rich or am i wrong?

[MB]

if you can put 150,000 in the bank every year id say you ARE rich or am i wrong?

People who put $150k/yr in the bank still have to keep saving at that rate for many years to reach financial independence, so no they are not rich but on the right track assuming their income is sustainable. 

[Coach is Back!]

Charitable donations are tax deductible, as well as morally assuaging, so we'll discount that one. And pretty sure, even if there was such a person as Jesus, no one, let alone you, wouldknow what he wanted.   

You obviously missed the part between freely GIVING and confiscating.

[Coach is Back!]

What part of that do you not understand?  This has nothing to do with charitable donations or Jesus wanting people to be poor.

IT IS EASIER FOR A CAMEL TO GO THROUGH THE EYE OF A NEEDLE THAN FOR A RICH MAN TO ENTER THE KINGDOM OF GOD.

Do you understand that?  It means Rich will burn in hell and rightfully so when there are so many on the earth starving.  Don't twist God's words Joe.  You know better than that.

Taking a piece of scripture to fit your agenda isn't becoming.of you. It's not as easy as that Wiggs.

[Option D]

Raising taxes has NEVER worked in the long run, it's a short term solution. More problems in the long run. You don't raise taxes, it kills the private business sector. Again, it's a commonsense thing. raising taxes on the rich will do zero to help the economy.

myth

[Metabolic]

Coach, you have no idea what your liberal way of thinking has done to the world, and you have no idea of what socialism means, no, its not just COMMUNIST SCUM LOLZ

Liberalism has redunded in further wealth disparity, further oligarchism, further accumulation of stagnated wealth an overall less good of society for the good of certain few individuals which DID NOT earn their wealth by themselves, no.

Not to even mention the quality of life of the unlucky (the vast majority) who work a lifetime, literally, to earn enough to send their kids to college so that they can get a CHANCE at a DECENT life.  Me living in a relatively easy life already have it quite tough work wise, the many examples I know of classmates that have gotten it worst is just scandalous.

[MB]

Shouldn't the lower class be taxed at a higher rate to encourage them to improve their social standing? 

[Voice of Doom]

All Taxation is Theft - Josiah Warren

[RadOncDoc]

It's not as simple as Rich vs Middle Class.

The new tax reform aims at taxing individuals who make over $200,000 at 30%.

Families that make over $250,000 at 30%.

Individuals making over $1 Millions at 35%.

Making over $250K does not qualify anyone as rich in this country, by no stretch of the imagination.

Making over a $1 Million, does not qualify anyone as rich in this country, considering how your take-home income becomes a 2/3rd's of that amount after taxes.

In my honest opinion, you can consider yourself rich when you no longer have to work for the rest of your life because (A) the money you have saved is enough to support you and your family for the rest of your lives and (B) you have money invested that can continuously bring you a return on investment by way of capital gains, which then guarantees continued growth of your wealth.

Not many Americans can claim to be that rich, hence why this tax reform is a little unfair to say the least.

"1"

Excellent point. Obama's definition of "rich" is bunk to say the least. I'm a physician living in Los Angeles, and I'm by no means living a life of excess in spite of qualifying for the highest tax rate. Nonetheless, Obama and the media have cultivated a culture of jealousy of the successful that I'm even beginning to see among my patients (snide remarks about my car, for example, by people who are lucky that I'm even willing to take their insurance since it reimburses so poorly). It seems that anybody who makes more than you is "rich" these days.

[Wiggs]

Taking a piece of scripture to fit your agenda isn't becoming.of you. It's not as easy as that Wiggs.

My agenda is seeking and exposing the TRUTH. 
Joe, it is as easy as that. Humans make it not easy.  It doesn't mean you have to be poor. 

Please tell me why it isn't that easy.

[Palpatine Q]

Excellent point. Obama's definition of "rich" is bunk to say the least. I'm a physician living in Los Angeles, and I'm by no means living a life of excess in spite of qualifying for the highest tax rate. Nonetheless, Obama and the media have cultivated a culture of jealousy of the successful that I'm even beginning to see among my patients (snide remarks about my car, for example, by people who are lucky that I'm even willing to take their insurance since it reimburses so poorly). It seems that anybody who makes more than you is "rich" these days.

Says the guy who drives a Jaguar






 

[Parker]

Excellent point. Obama's definition of "rich" is bunk to say the least. I'm a physician living in Los Angeles, and I'm by no means living a life of excess in spite of qualifying for the highest tax rate. Nonetheless, Obama and the media have cultivated a culture of jealousy of the successful that I'm even beginning to see among my patients (snide remarks about my car, for example, by people who are lucky that I'm even willing to take their insurance since it reimburses so poorly). It seems that anybody who makes more than you is "rich" these days.

when you have a lot of people out of work, combined with the people who don't want to work, but want all the trappings, it's a recipe for disaster. Successful people and or rich people who haven't really faced the brunt of economic slowdown will always be looked at with contempt. But, in this day and age, people feel entitled to what you have, without doing the work. This mentality was birthed by Baby Boomers.

Why do you think many rich people have unloaded their exotic/luxury cars? Too conspicuous, that's why.

[dr.chimps]

You obviously missed the part between freely GIVING and confiscating.

As Groink said, you have a head like a tennis ball. He was too kind. I'd suggest Nerf.     

[Palpatine Q]

As Groink said, you have a head like a tennis ball. He was too kind. I'd suggest Nerf.     

this is what debating coach is like...

what's your name ?

"7"

what's your favorite color?

"7"

What's 2 plus 2?

"7"

[syntaxmachine]

Or understands economics.

Economists don't understand economics. To take a particular instance, it is reasonable to suppose that if (macro)economists had a genuine understanding of the extremely complicated and interrelated systems they studied, they might have had some inkling beforehand of the Great Recession of 2007-09, since predictive efficacy is a hallmark of science and it is through being properly scientific that we understand the world around us. Well, you're free to wade through the predictions/forecasts, but I'll save you the time and say that the percent of economists who had any idea whatsoever of the world's looming problems must be in 0.01-0.1 range.

I am not a marxist but thank you for proving my point, you liberal twat are incapable of seeing other points of view as a whole, you are one indoctrinated sad man.

Keep in mind that 'liberal' has exactly the opposite meaning in the United States.

by Daniel J. Mitchell, Ph.D.

http://www.heritage.org/research/reports/2001/03/the-real-reagan-economic-record

Mental process paraphrase: "Somebody with a PhD says something that confirms what I already believe, so I'll use it as an argument on my behalf."

Making over $250K does not qualify anyone as rich in this country, by no stretch of the imagination.

Do you really think there is an objectively correct definition of 'rich'? It seems more realistic to suppose that it is a subjective term which people will argue over ad infinitum (and which people will try to define so that it benefits their agenda, e.g., creating a lower threshold for rich persons so that one can generate more tax revenue).

[OneMoreRep]

Do you really think there is an objectively correct definition of 'rich'? It seems more realistic to suppose that it is a subjective term which people will argue over ad infinitum (and which people will try to define so that it benefits their agenda, e.g., creating a lower threshold for rich persons so that one can generate more tax revenue).

An objectively correct definition of "rich" does NOT exist.

We all know that for a simple man, having good health and the love of your fellow brothers/sisters constitutes a level of wealth highly surpassed by any monetary possession.  Likewise, you will find some people who claim that so as long as they have a roof over their heads, 3-square meals and the love of their immediate family, that they are, in their own right, "rich".

That said, if we were to hypothetically correlate the ideal of being rich to monetary possessions, it is easily conceivable to see an overwhelming and everlasting amount of monetary wealth (monetary wealth that allows for you and various future generations to live solely off of your accumulated wealth and never have the need for an actual occupation/career, all the while attaining everything you could ever want and need) as a working definition of being RICH.

Again, it is all relative to how you see the world and whether or not you believe money truly has any influence over your happiness and overall well-being.

"1"

[magikusar]

I would look at reallocating the existing money which is 10x the needed taxes.

Obama has not helped people who make less than 250k

name one thing he has done for them??

I could get behind obama care if it trained 10,000 new doctors and built 500 new hospitals.

it just hires 16,000 irs agents sofar

why no atomic power like france? dont need oil if have atomic

why no mass produced housing?

I dont understand the democrat way.  Blindly raise taxes without managing the already large tax income and how it is spent.

[Method101]

In the UK middle class means you earn over £50,000 per year which is like 80,000 dollars. Anything under that is considered working class. I think most members of Getbig are well within the working class range and it would be dellusional to say otherwise.

[Tapeworm]

I don't stand with any of them.  They're all twats who will give you a bunch of wank about 'sound economic principles' etc in defense of their basic position which is: I want more money.

I'm tired of thinking about money.  I'm tired of other people talking about money.  I'm tired of money being a focus to the exclusion everything else.  Money, money, money.  You know what?  Money's boring.  The best things I've done (best morally or best/most enjoyable), I did just because I wanted to.

[Natural Man]

as if anything could be done to prevent the pending global worldwide economical collapse to happen...

Some things obviously have to be done, but considering it means some people -a lot of people- will have to lose everything they have but dont deserve to own / will have to die, we will all patiently wait for the point of no return to be reached before doing anything. It's always the same thing. How can you tell millions, billions of people, that they are useless assholes? You can't. Romney basically said that 50% of americans are lazy assholes, see where it got him. That was the truth, but the truth is always a problem for people who sin all day long.

[WOOO]

american'ts are funny