He later corrected to $250K
Posted By: You got it wrong on 2008-10-16
In Reply to: According to O last night he has now dropped - the $250 down to $200K
He knows the middle class. I'm sure you make under $250K so why are you splitting hairs?
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the $250K
it's the business making $250K, not the man. Big difference.
MTs make under $250K
Just because plumbing seems like a crappy job, let's face it, I see those guys driving Jaguars where I live. They are expensive and make a lot. MTs work very hard for very little. Wise up people. Obama is our hope. All the BS about him being with terrorists is dangerous propaganda. That board who had Ayers and Obama on was a big Reagan supporter and actually the Anenbergs are McCain supporters so it's all crapola. Obama is a wonderful man and a smart man. McCain stutters and whistles through his teeth, clears his throat loudly. I thought he was rude in the debate. The losers usually feel desperate and he shows it.
He never said that he made over $250K
He said that he wanted to buy a business that he thought made over $250K. I thought that it was okay to have dreams. How do you know what his intentions are? Even if he were a plant--which I think is silly--he is a citizen and ultimately has a right to propose a hypothetical question to someone asking for his vote to be the leader of our country. If he is attacked in this manner, should we not all fear what will happen if we say anything bad about Obama or ask a question that makes him look bad once he is--if he is--elected?
they changed that $250K...
Now they're saying more like $200K and going lower. And let's just face it. 20 bucks or $200K, everybody is gonna pay more taxes.
I understand the payroll tax on only over $250K....sm
I understand I won't pay more payroll tax and income tax at our low income, but it's the property taxes, fuel taxes, sales taxes, and capital gains taxes that are going to go up too, and being landowners and ranchers raising livestock, those taxes affect us big time and just add to the cost of our business, which already is hard to make a profit on.
I know it's hard for people whose income is from a job where you go to work and bring home a paycheck and taxes are simple to understand. But running a business isn't just about how much comes out of your paycheck for payroll tax and what you pay for income tax once a year. These corporate taxes he's talking about are going to affect so many small businesses because most of them make between $500,000-$1,000,000 a year, and increasing their tax rates is going to kill them. It's going to cause them to lay off employees, raise their prices, or simply close their doors.
I have several family members with mom-and-pop business in small towns from a beauty salon to a restaurant and a small computer fix-it business and they will really be hurt by this. They can't raise their prices because people in their small town can't afford to pay higher prices.
There are a lot of big farmers in our area who easily make over $250,000 a year, but what people don't realize is that probably 90-95% of what they sell their crops for has to go into planting and harvesting those crops and they have little to actually live on to pay their heating and food bills, etc., when it's all said and done, so where are they going to come up with the extra tax money?
By sticking it to the big corporate business, there's going to be a lot of collateral damage in the wake and those are going to be the small to mid-sized business of our friends and family. They need to raise the amount to 1-2 million or something because this is going to kill small town main street. JMHO
Oh, and BTW, $250K is not wealthy businesses
They're middle of the road, just making it businesses. They don't employ 3000 people like big business and they will be hurt the most. Big business will pass the tax increase onto the taxpayers. They'll be able to find loopholes with their 30+ laywers (exageration) who are paid to do that.
Wake up and take the blinders off!
If you make less than $250K you get tax break nm
nomopopo
Sorry Sam, but the Bush cuts were only for those over $250K nm
not us peons
It was $250K including a business....
and $250K for a business is nothing. and since when is rich a bad word. Only when someone is jealous.
Not unless I am making over 250K and that's not happening. nm
.
I stand corrected
You are right. I did apply a double standard to a point. Everybody has a past. We've all done things we're ashamed of. My beef was with how he made it all seem like a joke, but again you are right.
I apologize...
Yes, but the difference is, no one corrected YOU.
x
Stand corrected
No, I'm advocating blowing a dictator away who is genocidal and dangerous and has committed war crimes for which he is on trial for now, and the evidence is overwhelming. Big difference there.
You are so right. I stand corrected.
What you said and every other bad thing in the world. Bad Bad BAD Democrats.
Bush won't send any of his kids to die for his war. Only other people's kids. BTW, LoL at margarita bimbos.
Speaking of margaritas, people convicted of felonies (such as DUI) aren't allowed to vote in the United States.
But they're allowed to be political candidates and sometimes they become President and Vice President. (Bush: Arrested for DUI and again for possession of cocaine. Cheney: Arrested twice for DUI).
The loophole is they probably weren't technically convicted. They would have been if they were everyday normal people and not privileged and rich, but how ironic is that? :-(
Ok, I stand corrected....
Thanks, however of small note (and this is only me) I don't consider the people on Good Morning America to be news people. Yes, I know they are reading the news. I used to watch it until it just seemed to be too much like The View or Regis & Kathy (okay you see how long its been since I've seen that show). I've just never heard anyone on CNN, Fox, MSNBC, or those main ones (or even our local news) tell her to get out. They were all for her to keep going. But I do stand corrected and thank you.
I stand corrected
nm
No, but I corrected myself because I know they're
nm
Because I was corrected a few times on here, that's why. (nm)
.
Yes, I stand corrected
They just mentioned it on the news, but I didn't hear the justification for it. It seems counterintuitive to me to tax the shrinking number of employers who are providing insurance. I would think they would be providing tax credits if the goal is to get every American insured.
I never said I made $250K a year... where did you get that from my post?...sm
Actually, I work one full-time MT job and a part-time general transcription off and on. I make less than $38,000 a year. My husband is self-employed (we own a ranch) and everything we make from the sale of our livestock and grains has to go back into the operation of the ranch for property taxes, insurance, feed, equipment, repairs, so at best, we break even, and even that doesn't happen often. So we basically live on what I make as an MT, which is less than $38,000 a year.
Yes, it can be done. We do not apply for, nor take any of the government subsidies. We've worked hard and scrimped and saved, and have also sold aluminum cans to help with extra cash coming in, etc. I've always shopped thrift shops for clothes for us and the kids, I've never bought new furniture, have no china or crystal, and the only jewelry I've ever owned was my wedding ring, so couldn't fall back on having the option of selling things such as these to help out.
We've actually been rather comfortable with this and have always felt like we weren't missing out on anything by living a very simple and quiet life. But now I'm afraid we're going to lose what we've worked so hard for because we can't afford any more taxes to pay for those who won't work hard.
I could go on disability due to some physical problems and inability to do probably 99% of jobs out there, but my physical disability doesn't keep me from doing MT work, and I can make a decent living doing that, so why not? If at some point in my life something happens that I can no longer do MT, then I'll have no choice but go on disability because I can't stand/walk/move around in order to get most other jobs out there, but for now I have a choice to work doing something I can do, and I choose to do that.
Most people I know on disability have other skills and could be doing other jobs, but they'd rather take the label of disabled and never work again. I choose to work at what I can do until I can't do it anymore.
I know one gal who was on disability and was offered a great job that paid over $2000 a month, but she would lose her disability, so didn't take the job... when I asked her how much her disability was, it was only $1300 a month! Duh... And the thing is, she would be great in that position and would have been a wonderful asset to the community doing that job. Just didn't make sense to me.
I feel for your situation and I don't think that things like your disabled child being on SSI or whatever is ''on the dole'' because those are exactly the people we as fellow Americans need to be helping. I'm sorry for your health situation and that is most tragic as it can happen to anyone.
The people I'm talking about are the ones who have no major health problems, no job, but could get a job if they wanted to, but welfare pays better, so they don't. My daughter works in a field where she sees daily where parents are dropping kids off at a daycare which is paid for through the social services office, and they go sit in the casino and gamble and smoke cigarettes. How much is a pack of smokes these days, $5? That's $150 a month that could pay for heating your house, putting food on your table, etc., but they don't need the money for those things because they are on programs to get those paid for too.
I'm not pointing a finger at you or people who have real problems and can't work, it's the abusers of the system that I'm upset about. I know of one couple who just a few years ago traveled on a vacation to Tokyo and got to leave their five adopted children with a foster care service absolutely free. This woman used to complain that she only got 15 hours a week of ''respite'' babysitting service.... I raised my kids and probably never had 15 hours total away from them in all the years they grew up as I didn't have family around where I lived and couldn't afford a babysitter. This particular family drives new vehicles, has memberships to clubs, eat out all the time as it's too hard for the mom to cook for so many people, etc., and they have no jobs or any other income. How do they do that?
Again, I'm just saying, we have always made as much as we could and spent as little as we could get by with and were perfectly happy that it balanced out enough that we could live on our own without having to take any freebies from anybody, and if we have to pay more taxes in the future, that balance is going to be upset, and I don't want to lose what we've worked so hard for.
I don't know which candidate is going to be able to do anything about our healthcare situation, but I believe your medical situation is a prime example of how the messed up healthcare industry is bringing decent people down and something needs to be done about it... But I can't afford my own medical care, how can you expect me to pay for everyone else's?
Holycrap! You make more than 250K a year!
How did you do that with MT jobs?
Yep...I stand corrected. He went into rehab after it....
he was addicted to prescription drugs. He was driving under that influence...not drinking. As you said, he is still in the House.
okay - I was wrong and I stand corrected. nm
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I wouldn't mind making 250K and paying
25% in taxes....
Bidens words - no longer $250K - Now $150K (nm)
x
I stand corrected on the Vietnam number
but people who say this is "another Vietnam" and a quagmire is also an erroneous statement.....1,700 is a far cry from 58,000, although EVERY life lost in the fight for freedom is very valuable and not to be taken lightly and I don't think anybody does.....
I stand corrected - sheesh! who can you believe anymore
I'm totally confused with everything going on now adays. I don't know truth from smears. You would think if someone is actually putting their name to something they would be telling the truth due to serious outcomes of false accusations.
So how can we tell if something we hear on TV, radio or internet is true or not?
Makes me just not want to vote anymore and turn off the TV and put my head in the sand and ignore all going on. I just don't know what to believe anymore.
Well, your erstwhile cohorts corrected my typo...so....
however, my point was more directed at the progressive. Your attitude toward unwed mothers is about as far from progressive as I have ever seen....?
Amanda - I stand corrected - thank you - see message
When I'm wrong I'll admit it and this time I'm wrong. That is in such bad taste.
If parents want to dress their kids in political figures that's one thing (though I think the kids would rather be ghosts, witches, princesses, etc) but to try and make a political statement and use the excuse that its Halloween and in good fun is just in bad taste (IMO). I find it equally offensive no matter who it is.
I think its bad taste and think everyone should take down everything. I find it just as disgusting as I found the remark Hillary said about staying in because an assassination could happen. When you talk about death of people that just gets to me.
So Amanda thank you, I do stand corrected and am humbled. There are McCain supporters who do the same as Obama supporters.
What happened to decency in America and leave the halloween costumes to kids and people going to parties.
"Senator Obama's Four Tax Increases for People Earning Under $250k"...
http://www.americanthinker.com/2008/10/senator_obamas_four_tax_increa.html
I confess. Senator Obama's two tax promises: to limit tax increases to only those making over $250,000 a year, and to not raise taxes on 95% of "working Americans," intrigued me. As a hard-working small business owner, over the past ten years I've earned from $50,000 to $100,000 per year. If Senator Obama is shooting straight with us, under his presidency I could look forward to paying no additional Federal taxes -- I might even get a break -- and as I struggle to support a family and pay for two boys in college, a reliable tax freeze is nearly as welcome as further tax cuts.
However, Senator Obama's dual claims seemed implausible, especially when it came to my Federal income taxes. Those implausible promises made me look at what I'd been paying before President Bush's 2001 and 2003 tax cuts, as well as what I paid after those tax cuts became law. I chose the 2000 tax tables as my baseline -- they reflect the tax rates that Senator Obama will restore by letting the "Bush Tax Cuts" lapse. I wanted to see what that meant from my tax bill.
I've worked as the state level media and strategy director on three Presidential election campaigns -- I know how "promises" work -- so I analyzed Senator Obama's promises by looking for loopholes.
The first loophole was easy to find: Senator Obama doesn't "count" allowing the Bush tax cuts to lapse as a tax increase. Unless the cuts are re-enacted, rates will automatically return to the 2000 level. Senator Obama claims that letting a tax cut lapse -- allowing the rates to return to a higher levels -- is not actually a "tax increase." It's just the lapsing of a tax cut.
See the difference?
Neither do I.
When those cuts lapse, my taxes are going up -- a lot -- but by parsing words, Senator Obama justifies his claim that he won't actively raise taxes on 95 percent of working Americans, even while he's passively allowing tax rates to go up for 100% of Americans who actually pay Federal income taxes.
Making this personal, my Federal Income Tax will increase by $3,824 when those tax cuts lapse. That not-insignificant sum would cover a couple of house payments or help my two boys through another month or two of college.
No matter what Senator Obama calls it, requiring us to pay more taxes amounts to a tax increase. This got me wondering what other Americans will have to pay when the tax cuts lapse.
For a married family, filing jointly and earning $75,000 a year, this increase will be $3,074. For those making just $50,000, this increase will be $1,512. Despite Senator Obama's claim, even struggling American families making just $25,000 a year will see a tax increase -- they'll pay $715 more in 2010 than they did in 2007. Across the board, when the tax cuts lapse, working Americans will see significant increases in their taxes, even if their household income is as low as $25,000. See the tables at the end of this article.
Check this for yourself. Go to http://www.irs.gov/formspubs/ and pull up the 1040 instructions for 2000 and 2007 and go to the tax tables. Based on your 2007 income, check your taxes rates for 2000 and 2007, and apply them to your taxable income for 2007. In 2000 -- Senator Obama's benchmark year -- you would have paid significantly more taxes for the income you earned in 2007. The Bush Tax Cuts, which Senator Obama has said he will allow to lapse, saved you money, and without those cuts, your taxes will go back up to the 2000 level. Senator Obama doesn't call it a "tax increase," but your taxes under "President" Obama will increase -- significantly.
Senator Obama is willfully deceiving you and me when he says that no one making under $250,000 will see an increase in their taxes. If I were keeping score, I'd call that Tax Lie #1.
The next loophole involves the payroll tax that you pay to support the Social Security system. Currently, there is an inflation-adjusted cap, and according to the non-profit Tax Foundation, in 2006 -- the most recent year for which tax data is available -- only the first $94,700 of an unmarried individual's earnings were subject to the 12.4 percent payroll tax. However, Senator Obama has proposed lifting that cap, adding an additional 12.4 percent tax on every dollar earned above that cap -- and in spite of his promise, impacting all those who earn between $94,700 and $249,999.
By doing this, he plans to raise an additional $1 trillion dollars (another $662.50 out of my pocket -- and how much out of yours?) to help fund Social Security. Half of this tax would be paid by employees and half by employers -- but employers will either cut the payroll or pass along this tax to their customers through higher prices. Either way, some individual will pay the price for the employer's share of the tax increase.
However, when challenged to explain how he could eliminate the cap AND not raise taxes on Americans earning under $250,000, Senator Obama suggested on his website that he "might" create a "donut" -- an exemption from this payroll tax for wages between $94,700 and $250,000. But that donut would mean he couldn't raise anywhere near that $1 trillion dollars for Social Security. When this was pointed out, Senator Obama's "donut plan" was quietly removed from his website.
This "explanation" sounds like another one of those loopholes. If I were keeping score, I'd call this Tax Lie #2.
(updated) Senator Obama has also said that he will raise capital gains taxes from 15 percent to 20 percent. He says he's aiming at "fat cats" who make above $250,000. However, while only 1 percent of Americans make a quarter-million dollars, roughly 50 percent of all Americans own stock – and while investments that are through IRAs, 401Ks and in pension plans are not subject to capital gains, those stocks in personal portfolios are subject to capital gains, no matter what the owner’s income is. However, according to the US Congress’s Joint Economic Committee Study, “Recent data released by the Federal Reserve shows that nearly half of all U.S. households are stockholders. In the last decade alone, the number of stockholders has jumped by over fifty percent.” This is clear – a significant number of all Americans who earn well under $250,000 a year will feel this rise in their capital gains taxes.
Under "President" Obama, if you sell off stock and earn a $100,000 gain -- perhaps to help put your children through college -- instead of paying $15,000 in capital gains taxes today, you'll pay $20,000 under Obama's plan. That's a full one-third more, and it applies no matter how much you earn.
No question -- for about 50 percent of all Americans, this is Tax Lie #3.
Finally, Senator Obama has promised to raise taxes on businesses -- and to raise taxes a lot on oil companies. I still remember Econ-101 -- and I own a small business. From both theory and practice, I know what businesses do when taxes are raised. Corporations don't "pay" taxes -- they collect taxes from customers and pass them along to the government. When you buy a hot dog from a 7/11, you can see the clerk add the sales tax, but when a corporation's own taxes go up, you don't see it -- its automatic -- but they do the same thing. They build this tax into their product's price. Senator Obama knows this. He knows that even people who earn less than $250,000 will pay higher prices -- those pass-through taxes -- when corporate taxes go up.
No question: this is Tax Lie #4.
There's not a politician alive who hasn't be caught telling some minor truth-bender. However, when it comes to raising taxes, there are no small lies. When George H.W. Bush's "Read my lips -- no new taxes" proved false, he lost the support of his base -- and ultimately lost his re-election bid.
This year, however, we don't have to wait for the proof: Senator Obama has already promised to raise taxes, and we can believe him. However, while making that promise, he's also lied, in at least four significant ways, about who will pay those taxes. If Senator Obama becomes President Obama, when the tax man comes calling, we will all pay the price. And that's the truth.
Tax Rates - and the Obama Increase - $50,000/year Taxable Income
|
2000 Tax Tables
|
2003 Tax Tables
|
2004 Tax Tables
|
2010 Tax Tables - (Bush Tax Cuts have Expired)
|
Increase with Obama Tax Increase*
|
Taxable Income
|
$50,000
|
$50,000
|
$50,000
|
$50,000
|
$50,000
|
Tax: Single
|
$10,581
|
$9,304
|
$9,231
|
$10,581
|
$1,350
|
Tax: Married - Filing Joint
|
$8,293
|
$6,796
|
$6,781
|
$8,293
|
$1,512
|
Tax: Married - Filing Separate
|
$11,143
|
$9,304
|
$9,231
|
$11,143
|
$1,912
|
Tax: Head of Household
|
$9,424
|
$8,189
|
$8,094
|
$9,424
|
$1,330
|
Tax Rates - and the Obama Increase - $75,000/year Taxable Income
|
2000 Tax Tables
|
2003 Tax Tables
|
2004 Tax Tables
|
2010 Tax Tables - (Bush Tax Cuts have Expired)
|
Increase with Obama Tax Increase*
|
Taxable Income
|
$75,000
|
$75,000
|
$75,000
|
$75,000
|
$75,000
|
Tax: Single
|
$17,923
|
$15,739
|
$15,620
|
$17,923
|
$2,303
|
Tax: Married - Filing Joint
|
$15,293
|
$12,364
|
$12,219
|
$15,293
|
$3,074
|
Tax: Married - Filing Separate
|
$18,803
|
$16,083
|
$15,972
|
$18,803
|
$2,831
|
Tax: Head of Household
|
$16,424
|
$14,439
|
$14,344
|
$16,424
|
$2,080
|
Tax Rates - and the Obama Increase - $100,000/year Taxable Income
|
2000 Tax Tables
|
2003 Tax Tables
|
2004 Tax Tables
|
2010 Tax Tables - (Bush Tax Cuts have Expired)
|
Increase with Obama Tax Increase*
|
Taxable Income
|
$100,000
|
$100,000
|
$100,000
|
$100,000
|
$100,000
|
Tax: Single
|
$25,673
|
$22,739
|
$22,620
|
$25,673
|
$3,053
|
Tax: Married - Filing Joint
|
$22,293
|
$18,614
|
$18,469
|
$22,293
|
$3,824
|
Tax: Married - Filing Separate
|
$27,515
|
$23,715
|
$23,504
|
$27,515
|
$4,011
|
Tax: Head of Household
|
$23,699
|
$20,741
|
$20,594
|
$23,699
|
$3,015
|
* When "President" Obama allows President Bush's tax cuts of 2001 and 2003 to expire, this will amount to a DE facto tax increase
I stand corrected. It was the Illinois Abortion Act of 1975.
http://www.ilga.gov/legislation/ilcs/ilcs3.asp?ActID=1928&ChapAct=720%C2%A0ILCS%C2%A0510/&ChapterID=53&ChapterName=CRIMINAL+OFFENSES&ActName=Illinois+Abortion+Law+of+1975.
Bush's war crimes are being corrected by the Wonderful BARACK!!!
Republicans recoil at the thought of us preserving human rights around the world.
I agree, corrected myself in a post below. I shouldn't have added that part as a factor nm
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