1 trillion
 

Budget Defecit -now 1 trillion dollars

Say hello to tax increases everyone

gales - no way..Obama said

"If you are a family making less than $250,000, my plan will not raise your taxes - not your income taxes, not your payroll taxes, not your capital gains taxes, not any of your taxes."

We are safe - relax!

BS

Who said Gales makes less than $250k a year?

well...maybe we'll tax your health care. and then there's the expense of cap and trade....

trust me chuck i'm one of the 98% of people in this country who earn less than that figure a year


what i want someone to explain to me is how 98% of the country will not get any tax increase. do people here believe that the top 2% of wage earners can be taxed at a rate to cover all of the new president's spending programs?

Gales - Please get with the program:

"Focusing your life solely on making a buck shows a certain poverty of ambition. It asks too little of yourself. Because it's only when you hitch your wagon to something larger than yourself that you realize your true potential."

making a buck ? buddy i'm just trying to make sure i can eat next week and fill up the tank with gas:D :D

Those 2% of wage earners earn 24.1% of all income and pay 43.6% of income taxes. So yes, upping the taxes on that group does make a huge difference.

Personally I feel it is about time they add another tax bracket. $250,000 just isn't that much money these days, especially if you are living somewhere like NYC. Add a tax bracket for $1 million and up instead of increasing the taxes on the people between $250,000 and $1 million.

[quote=SniperSB23]Those 2% of wage earners earn 24.1% of all income and pay 43.6% of income taxes. So yes, upping the taxes on that group does make a huge difference.

Personally I feel it is about time they add another tax bracket. $250,000 just isn't that much money these days, especially if you are living somewhere like NYC. Add a tax bracket for $1 million and up instead of increasing the taxes on the people between $250,000 and $1 million.[/QUOTE]


i agree with that , the guy making 250k is being taxed the same rate as todd pletcher , a-rod , madonna , makes no sense

Should never have given out the tax cuts in 2000 etc. That trickle down bullshit is about as useful as that race car driver Dick Trickle was. We could of been getting half that 10 billion a quarter in profits that the oil companies were raping the average American to get. No, we don't want to do that. We want to give oil execs. 400 million a piece etc. Well, fine. Don't btch now.

RANDOM POST REFERENCE OF ALL TIME!!:tro: :tro: :tro:

tell me why oil prices are going up now that bush is out of office , why can't obama get OPEC to cut the prices and save us all money ....surely if bush can control the price of oil and what opec charges for a barrell, obama can as well , why isn't he getting them to lower the px to help us all i thought he was going to be the messiah.

for the last 8 years all i heard was oil is high because bush is in office and he is linnig his friends pockets ...well why is it high now

[quote=gales0678]Dude, Conservatives always do this(want the 250k-1 mil/YR. to be hurt as much as the OPRAHS.) They need to have these people (this "doing good, but not rich") getting taxed as hard as the billionaires.

Scuds= Closet NASCAR fan

Not talking 'bout the price. I am talking about the profit made when the price goes up. This is a quasi monopoly. If they charge 10% profit on a gallon of gas, then think how much more they make at $4 a gallon. Should give them an incentive to keep the price a certain level. After $3 a gallon, they get 5% profit on gallon, and the gov't gets 5% profit. We could start eating away at that deficit. They could easily get by on 5 billion profit a quarter per oil company. You want ham? Go to the pig. SCUD'S PIG PAC(T)

I think the highest tax bracket is like 375K and up.. something like that.... was looking at it today, there isnt even a 250K and up tax bracket.

http://taxes.about.com/b/2008/10/21/...-announced.htm

some people also think once you are in a higher tax bracket your whole income gets taxed at 33% or whatev.. which is funny. I've heard people say they dont want a raise because they will actually get less money because they will be in a higher tax bracket. That makes absolutely no sense and they dont understand that the first 7500 or whatev is taxed at 10%.. then next 15k you make is taxed at 15%, etc, etc..

But you are right.. instead of hiking the taxes for people making 150k, or 300k... they should just create a new tax bracket for 1,000,000 & up and another one at like 20,000,000 and up.. get the guys who can really afford it.

exactly... I wanted to punch people in the face every time I heard that somehow Bush controlled oil prices. The average American is very dumb.

Yeah, you are right, I think they adjust each year for inflation so it is up to $370,000+. And it is amazing how clueless people are on tax brackets.

But..and I'm not disagreeing with you as I've posted before..but wasn't one of GW's early on campaign themes about his "relationships" with the oil industry and how this would benefit the US? And didn't he also use as one of his justifications for the Iraq war was that we would be paid back in oil?

I know.. and this was a 50 + woman who's been paying taxes her whole life... I was like.. yes, you want the raise.. you cannot get a raise and make less money, you will make more money.

They really need to have a class for this stuff in high school. Its way more important than 80% of the crap they teach that goes in one ear and out the other.

Bingo. Teach people how taxes work, how credit cards work, how mortgages work, how debt works, and various other life skills that most people wind up learning on the fly and is a large part of the reason we are in this current mess.

Sure beats learning how to work a stove in Hone Economics

I dont know about the first thing but I remember hearing the 2nd thing.. Bush, just like Obama, never controlled oil prices or had/has the ability to control the prices.

We really should be getting oil from our own damn country instead of letting foreigners take all our damn money from the pump (robbing our wallets).

Gas is WAY to expensive right now. I want to know what it cost the last time the market was at 8300. Shoot at least last year when they were WAY WAY WAY too high the market was like 12000.

Just looked it up.. for a minute in Oct 2002 the market was around 8300 and gas prices were around 1.50 though other than that it was >1998 when the market was this low, and gas prices were in 1998 1.03 per gallon.


Gas should be no more than 1.75 a gallon right now. Its basically stealing.

anybody that voted for the dems this time should have their taxes go up, you voted for these idiots!:rolleyes:

I respectfully disagree..you look at long term inflation charts and gas is the only commodity, or basically product of any kind that is still under the average inflation increase. It SHOULD be $4.00 or 5.00 a gallon and maybe that would be in all of our best interests. Kind of painful, but sure would make people walk more, idle less, use public transportation more and stop bitching about the cost of what is still the best bargain around.

Yeah, I agree, tax the crap out of it and that should be the money being used for pushing alternate energy. The sooner we break our need for foreign oil the better off we will be.

Yep, any gas price beyond $3 should go 5% for something useful(attack deficit n' alternate energy incentives,) and 5% for oil company profits. Need to do something to protect the industries that are totally reliant on fuel(trucking, airlines etc.) Use that 5% for something other than making pigs fatter.

they already tax the crap out of it. like 1/4 of what we pay at the pump is taxes.


We dont need foreign oil... its right here. we just dont do anything with it.

Its the only smart thing Sarah Palin has ever said.

I'm okay with alternate energy when we actually have the resources and a freakin plan for it.. oh yeah.. and the money for it. its a real bad idea right now.

that sounds like a very liberal idea, but it wouldnt be in anyone's best interest right now. Nope, cant even think of one person who's best interest it would be in except the owners of oil companies. Maybe one day like 10 years from now when we have an alternative energy plan in place and understand more about options.

right now the only thing in our best interest is keeping/putting money in our own pockets (and not giving right back to Uncle Sam) and keeping our country safe.

You also must be excited for cap and trade, huh?

Only 18.4 cents per gallon is federal taxes. The federal government could be taking a far greater share of the pie.

Here in Cali the combined total between state and federal is about 62 cents per gallon.....the gas station down the road from me is charging 2.79 a gallon right now.

$2.31 per gallon/regular here in Indy.

Yup, and your wonderful state government is taking 44 cents per gallon of it. The feds are only getting 18.4.

I want to buy a barrel of gas and put it in my backyard. Wonder if that is even possible.

nah..the EPA will get ya'

:D

Nice to see a left leaning member advocate a regressive tax hike. So much for the poor and middle class!

its okay :D

we can walk and take the bus like Bob said :D eventhough there isnt a bus near me and I'd have to walk 5 miles to work. & its freaking hot in florida, even early in the morn!

guess I can get a bicycle.

find a car with an Obama sticker and use a siphon (http://www.tooltopia.com/index.asp?P...ricegrabber_r1) to fill up. Leave a note saying you 'hope' they have enough gas to get to the gas station to fill up. They love to share w/those in need.