Spread the wealth? What do you mean?
Find a Conversation
Spread the wealth? What do you mean?
| Sun, 10-19-2008 - 5:28pm |
Why is everyone so upset about the comment "spread the wealth"? How many on this forum makes over $250k per year? I don't mind the government spreading some wealth my way. Read Obama's Tax Plan to see if it will benefit you or not. I know most of my family and community do not make over $250k per year.
Obama’s Comprehensive Tax Policy Plan for America will:
- Cut taxes for 95 percent of workers and their families with a tax cut of $500 for workers or $1,000 for working couples.
- Provide generous tax cuts for low- and middle-income seniors, homeowners, the uninsured, and families sending a child to college or looking to save and accumulate wealth.
- Eliminate capital gains taxes for small businesses, cut corporate taxes for firms that invest and create jobs in the United States, and provide tax credits to reduce the cost of healthcare and to reward investments in innovation.
- Dramatically simplify taxes by consolidating existing tax credits, eliminating the need for millions of senior citizens to file tax forms, and enabling as many as 40 million middle-class Americans to do their own taxes in less than five minutes without an accountant.
Under the Obama Plan:
- Middle class families will see their taxes cut – and no family making less than $250,000 will see their taxes increase. The typical middle class family will receive well over $1,000 in tax relief under the Obama plan, and will pay tax rates that are 20% lower than they faced under President Reagan. According to the Tax Policy Center, the Obama plan provides three times as much tax relief for middle class families as the McCain plan.
- Families making more than $250,000 will pay either the same or lower tax rates than they paid in the 1990s. Obama will ask the wealthiest 2% of families to give back a portion of the tax cuts they have received over the past eight years to ensure we are restoring fairness and returning to fiscal responsibility. But no family will pay higher tax rates than they would have paid in the 1990s. In fact, dividend rates would be 39 percent lower than what President Bush proposed in his 2001 tax cut.
- Obama’s plan will cut taxes overall, reducing revenues to below the levels that prevailed under Ronald Reagan (less than 18.2 percent of GDP). The Obama tax plan is a net tax cut – his tax relief for middle class families is larger than the revenue raised by his tax changes for families over $250,000. Coupled with his commitment to cut unnecessary spending, Obama will pay for this tax relief while bringing down the budget deficit.

Pages
***It may look like Paris sits around all day sunbathing, but in reality, she does work relatively hard to earn her money...relatively.***
Although none of that would have been likely were Paris Hilton an average Joe.
>>I'd benefit from his tax plan personally speaking but I am not a fan of my benefit coming from people who happen to make more than me.<<
I don't understand.
Are you saying you prefer to earn what you earn and you'd do something else if you wanted more money? Of are you saying you make enough that the economic down turn will not effect your ability to sustain basic necessities (food, housing, clothing)? Or are you saying not matter what, you don't think anyone else should have to share their hard earned money with you?
I'm assuming it's none of the above, but that's as far as I can get within my own limits. :)
that will show who?
lol
why yes -- let's take it out of context of tax and completely twist it around.
Pages