Redistribution of Wealth: Obama's Goal

iVillage Member
Registered: 10-01-2004
Redistribution of Wealth: Obama's Goal
56
Mon, 10-27-2008 - 7:20am
iVillage Member
Registered: 07-03-2008
Tue, 10-28-2008 - 1:48pm
I haven't ASKED my country to do anything for me.
iVillage Member
Registered: 09-26-2008
Tue, 10-28-2008 - 1:58pm

I care!

The ones who make over $250,000 are the ones who run the companies that employ so many. And no, I don't begrudge them that salary one bit. Do you have any idea the risk and work it requires to run a company that would earn you $250K+?

Also, from what I can gather, my husband and I who are by no means "rich" would be hit with our small business bacause it earns $250K+ per year. Contrary to what Obama says, there are MANY small businesses that earn that amount in revenue. You would have a hard time even being in business if you didn't take that in. You know with payroll, operating expenses, TAXES...

I pay enough in taxes already. What I'm much more interested in is giving through ministries and charities of MY choice. Has anyone thought of how charities will be hit if Obama becomes President and these plans go through? And what about the pitiful amount that Obama and Biden have shown as giving on their tax returns? They don't even practice what they preach - they only want to spread OUR money around.

iVillage Member
Registered: 07-03-2008
Tue, 10-28-2008 - 2:02pm
Obama is not talking about the amount of revenue the Business makes itself. He is referring to the amount the owner keeps for himself. He can deduct many of the expenses he has as Business expenses. so, he wouldn't be making over 250,000 anyway.
iVillage Member
Registered: 09-03-2008
Tue, 10-28-2008 - 2:05pm
But by voting for Obama aren't you asking your country to redistribute wealth?
iVillage Member
Registered: 10-25-2006
Tue, 10-28-2008 - 3:09pm
The net income of a business is taxed, not the revenue of that business. If you pay yourself a salary of $250,000+ then, yes, you might see an increase in your top marginal tax rate under Obama. If you choose to pay yourself a salary rather than giving your employees raises or better benefits, or rather than reinvesting the money to grow your business, then there is nothing wrong with your being subjected to the higher tax rate.

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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
Tue, 10-28-2008 - 3:23pm
I see plenty of Obama signs in front of mansions around here. They must not have a problem with paying a little more in taxes. They must not be greedy like some of their wealthy neighbors.

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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: 09-26-2008
Tue, 10-28-2008 - 4:24pm

Why have I just today heard from Obama and Biden the numbers $200,000 and $150,000 in regard to the level below which I would get a tax cut? Breaking it to us easy?

And why should the govt dictate (even more) how much I pay my employees, offer benefits, and reinvest? If I don't handle these things wisely, I will not have employees and go out of business. Do you think business owners should NOT make larger salaries? Whose name is on the dotted line when things are tough or risky?

Also, do you seriously think that wealthy people who do not support Obama are greedy?

iVillage Member
Registered: 07-03-2008
Tue, 10-28-2008 - 4:27pm
You mean like Bush redistributed our wealth to Iraq? TEN BILLION a month?
iVillage Member
Registered: 04-04-2001
Tue, 10-28-2008 - 4:28pm

Psychologists agree we should reward behavior we desire.

iVillage Member
Registered: 10-25-2006
Tue, 10-28-2008 - 4:35pm

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Maybe because they can't take orders from anyone. Maybe they're control freaks. Maybe that's all they know how to do. I dunno.

I do know plenty of people with advanced degrees who work 10-12 hours a day who support Obama, and who gladly pay their taxes to be redistributed to those less fortunate than they are.

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

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