Obama is NOT raising taxes

iVillage Member
Registered: 04-17-2003
Obama is NOT raising taxes
123
Wed, 10-22-2008 - 10:43pm

Much has been said about Obama raising taxes, but here's the deal on it.

George W Bush is raising your taxes. It is his tax cut that he signed into law that contained the time for them to EXPIRE.

Obama had nothing to do with this Legislation. It was signed by George W Bush.

Of course, only a few years ago John McCain himself wouldn't support those tax cuts, flip-flopping (again) his position entirely since beginning to run for President after the 2004 election.

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Reward Republicans for 8 years of failure? No way, No how, No McCain!

 

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iVillage Member
Registered: 10-08-2008
Thu, 10-23-2008 - 6:15pm

I would have to be drunk to read it.

iVillage Member
Registered: 10-25-2006
Thu, 10-23-2008 - 6:19pm
I say let them go drink overseas. We don't need any more alcoholics here.

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http://www.pnhp.org/news/2009/october/meet_the_new_health_.php

http://www.youtube.com/watch?v=DQTBYQlQ7yM

iVillage Member
Registered: 10-25-2006
Thu, 10-23-2008 - 6:26pm

I had a boss who had raised a disabled son (CP) for 18 years at the time I worked for her. He had at least 8 surgeries that I know of, perhaps more. She and her husband always voted Democratic. Perhaps it has more to do with the fact that their family income was closer to $100,000 (today's dollars), and not in excess of $250,000 like yours.

She passed away before health care became a huge issue, but I have a hunch she'd be in support of universal health care.

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http://www.pnhp.org/news/2009/october/meet_the_new_health_.php

http://www.youtube.com/watch?v=DQTBYQlQ7yM

iVillage Member
Registered: 10-10-2007
Thu, 10-23-2008 - 6:32pm

You need taxpayers. No?


If everyone who made over 250K left the country, who would pay the taxes? They already pay about 60%, even today, with all their tax breaks.

iVillage Member
Registered: 10-10-2007
Thu, 10-23-2008 - 6:37pm

For starters, I don't make 250K or anywhere near that.


However, I think there's a HUGE difference between someone making 250K and a millionaire. Heck, there's a difference between someone who makes 1,000 and someone who makes 10,000. And they're both millionaires!


I actually agree with you that the millionaires should pay more. I think that a good start would be to change the tax code so that the Private Equity firms and Hedge Funds aren't able to change all their earnings into capital gains, for starters.


I also do have to agree with the previous poster that, with today's high cost of living, 250K doesn't go as far as people might think in some areas of the country. Especially if the people earning that money have student loans, for example.


People who make 250K pay close to 50% in taxes. 50%! (of course this figure includes payroll taxes too). That's insane.


iVillage Member
Registered: 03-25-2007
Thu, 10-23-2008 - 6:42pm

LOL!

Sopal

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iVillage Member
Registered: 10-08-2008
Thu, 10-23-2008 - 7:25pm
Haven't we all gotten that first
iVillage Member
Registered: 10-20-2008
Thu, 10-23-2008 - 7:57pm
Is your google finger broken? ; ) but when you're looking, try to find out WHY jobs were lost...specifically. Just saying "jobs were lost" isn't particularly significant.
iVillage Member
Registered: 10-20-2008
Thu, 10-23-2008 - 8:08pm

No, because it starts off with crap like...

"Tax cuts don’t grow the economy because they undermine our ability to invest in public education and in the infrastructure necessary to maintain our leadership in the new, global, knowledge-based economy."

...and...

"Tax cuts don’t grow the economy because they diminish the social investment
needed to provide taxpayers with quality services, especially health care, job training,
and pensions."

...when, in fact, we spend more on public education and "social investment" than we ever have. And also because whoever wrote the drivel you cited hasn't got a clue how economics actually works.

iVillage Member
Registered: 04-02-2008
Thu, 10-23-2008 - 8:19pm
I am just so confused how a person could tell another person what to do with the income they earn and then rejoice in the fact the gov will come in and take that money.

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