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cacomistle
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| Joined: | Tue Jun 3rd, 2008 |
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Posted: Tue Oct 28th, 2008 10:35 pm |
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Joe Biden said yesterday that the new "tax the rich" to pay for their programs and more handouts and bailouts will start at incomes of $150,000 and above. Since this is probably for a married couple, that means that "tax the rich" would start at about $75,000 or so for a single person.
Wow - I went from being the kind of middle class person that Obama wants to spread the wealth to last week to being almost "rich" this week and very close to being taxed (punished) for being successful. Please, Senators Obama and Biden - don't help me!
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Joe_the_Plumber
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| Joined: | Mon Oct 20th, 2008 |
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Posted: Tue Oct 28th, 2008 09:35 pm |
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| Obama won't tax anyone earning over $250k...uh, I mean $200k, uh I mean $150k..... Obama is lying about his tax redistribution welfare plan. He will take your hard earned dollars and redistribute them to whoever he feels deserves them more than you.
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rks1
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| Joined: | Fri Jun 6th, 2008 |
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Posted: Thu Oct 23rd, 2008 08:43 pm |
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By Editorial, Union Leader (NH)
October 22, 2008
Article Excerpt:
Sen. Barack Obama claims that if only we let him raise taxes on a measly 5 percent of "working Americans," he could do great things.
Well, that sounds just peachy. Tax the rich, give to everyone else. Except there's one little detail the national media don't seem to like pointing out. The math doesn't add up.
Numerous organizations, including the Associated Press, have noted that Obama's proposals spend hundreds of millions of dollars more than his tax hikes raise. What is less well known is that Obama's tax plan itself sends out of Washington far more than it brings in. Obama's campaign twice admits that in the wording of the tax plan.
According to the plan, "his tax relief for middle-class families is larger than the revenue raised by his tax changes for families over $250,000." That sounds like he's giving a net tax cut. But much of what he calls "tax cuts" are actually cash payments to low- and middle-income Americans. Ultimately, he sends out of Washington hundreds of billions of dollars more than it takes in.
In other words, Obama promises more in benefits to low- and middle-income Americans than his plan can finance with his tax hikes on "families" making more than $250,000 a year. And note the word, "families." Even though Obama says that no "family" making less than $250,000 a year will see a tax increase, in fact his plan raises taxes on individuals making $200,000 a year or more.
The bottom line is that Obama is not being honest about his tax and spending plans. It is impossible -- impossible! -- for him to finance his giveaways by taxing only those making $250,000 or more. He will have to raise taxes substantially on people making much, much less than that.
If you think you are going to avoid a tax increase on Obama's watch because you aren't "rich," remember this: A government that arbitrarily picks $250,000 as a dividing line can, using the same purely political considerations, pick any number as a dividing line. What makes you so sure that you will wind up on the right side of that equation once an Obama administration begins making up the difference between the massive number of benefits it promised to deliver and the tiny amount of pain it promised to inflict to finance those benefit?
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