1 trillion

[geeker2]

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!

[gales0678]

Originally Posted by geeker2

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

[Cannon Shell]

Originally Posted by geeker2

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!

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

[gales0678]

Originally Posted by Cannon Shell

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

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?

[geeker2]

Originally Posted by gales0678

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."

[gales0678]

Originally Posted by geeker2

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

[SniperSB23]

Originally Posted by gales0678

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?

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.

[gales0678]

[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

[SCUDSBROTHER]

[quote=gales0678]

Originally Posted by 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

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.

[Antitrust32]

Originally Posted by 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.

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.

[SniperSB23]

Originally Posted by Antitrust32

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.

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.

[Antitrust32]

Originally Posted by SniperSB23

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.

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.

[Danzig]

Originally Posted by geeker2

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!

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