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OStewarts
LIF Adult
Member since 11/07 1096 total posts
Name:
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Is $603,403, per year rich ???
There's been much discussion about each candidate's tax plan, the 250k figure and the view that it punishes those that make over 250k. However, when I look at their tax plans, Obama's plan does not really seem to"punish" those making over 250k - it has a nominal difference, unless you make over $603.403.
Shouldn't we be talking about $603,403 instead of $250,000?
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Posted 10/27/08 2:10 PM  |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: Is $603,403, per year rich ???
I pointed this out a few times
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| Posted 10/27/08 2:11 PM |
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Ophelia
she's baaccckkkk ;)
Member since 5/06 23378 total posts
Name:
remember, when Gulliver traveled....
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Re: Is $603,403, per year rich ???
Posted by OStewarts
There's been much discussion about each candidate's tax plan, the 250k figure and the view that it punishes those that make over 250k. However, when I look at their tax plans, Obama's plan does not really seem to"punish" those making over 250k - it has a nominal difference, unless you make over $603.403.
Shouldn't we be talking about $603,403 instead of $250,000?
no. b/c it's not as scary, since even fewer of us make that 
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| Posted 10/27/08 2:11 PM |
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OStewarts
LIF Adult
Member since 11/07 1096 total posts
Name:
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Re: Is $603,403, per year rich ???
does anyone have that graph from the wall street journal that explains it better? i know someone here posted it while ago....
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| Posted 10/27/08 2:12 PM |
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kerrycec03
Mom of 2 beautiful boys!!
Member since 6/06 13519 total posts
Name:
Kerry
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Re: Is $603,403, per year rich ???
Posted by Beth1210
I pointed this out a few times
I agree, but its hard to point that out to some folks.....They don't get it
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| Posted 10/27/08 2:13 PM |
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Janice
Sweet Jessie Quinn
Member since 5/05 27567 total posts
Name:
Janice
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Re: Is $603,403, per year rich ???
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| Posted 10/27/08 2:14 PM |
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bluegreen08
LIF Adolescent
Member since 10/07 574 total posts
Name:
a
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Re: Is $603,403, per year rich ???
Posted by kerrycec03
Posted by Beth1210
I pointed this out a few times
I agree, but its hard to point that out to some folks.....They don't get it
exactly
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| Posted 10/27/08 2:14 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: Is $603,403, per year rich ???
Posted by kerrycec03
Posted by Beth1210
I pointed this out a few times
I agree, but its hard to point that out to some folks.....They don't get it
not even with the charts and links that were posted
people only want to hear or see what they want too
I gave up already
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| Posted 10/27/08 2:14 PM |
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Ophelia
she's baaccckkkk ;)
Member since 5/06 23378 total posts
Name:
remember, when Gulliver traveled....
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Re: Is $603,403, per year rich ???
you mean this guy?
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| Posted 10/27/08 2:14 PM |
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OStewarts
LIF Adult
Member since 11/07 1096 total posts
Name:
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Re: Is $603,403, per year rich ???
Yes, exactly that one!!!
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| Posted 10/27/08 2:22 PM |
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dm24angel
Happiness
Member since 5/05 34581 total posts
Name:
Donna
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Re: Is $603,403, per year rich ???
Thank you! juts want to get it straight.
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| Posted 10/27/08 2:24 PM |
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bluegreen08
LIF Adolescent
Member since 10/07 574 total posts
Name:
a
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Re: Is $603,403, per year rich ???
I also think these are significant but overlooked:
1. just because it says a # for a given income range, that is probably the average, not applied across the board. The amount of extra taxes will be more for someone with $600k than someone with $300k because it's based on tax brackets.
2. Even if there was an $8k tax difference between the 2 plans, it's not that McCain wants taxes to stay the same and Obama wants to increase them. It's that Obama wants taxes to essentially stay the same and McCain wants to decrease them.
Does anyone really think that given the bailout, the war, our country's economic crisis, etc that McCain will really be able to lower anyone's taxes?
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| Posted 10/27/08 2:26 PM |
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lucyloo
nope
Member since 1/06 9758 total posts
Name:
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Re: Is $603,403, per year rich ???
Ophelia where did you get that?
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| Posted 10/27/08 2:28 PM |
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lucyloo
nope
Member since 1/06 9758 total posts
Name:
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Re: Is $603,403, per year rich ???
Posted by bluegreen08
Does anyone really think that given the bailout, the war, our country's economic crisis, etc that McCain will really be able to lower anyone's taxes?
No way. I don't think anyone can or will!
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| Posted 10/27/08 2:28 PM |
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HoneyBadger
YourWorstNightmare.
Member since 10/06 15979 total posts
Name:
BahBahBlackJeep
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Re: Is $603,403, per year rich ???
Posted by bluegreen08
Does anyone really think that given the bailout, the war, our country's economic crisis, etc that McCain will really be able to lower anyone's taxes?
Reminds me of George Bush Sr when he said "NO NEW TAXES!!!"
We all know how that worked out...
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| Posted 10/27/08 2:29 PM |
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stickydust
Now a mommy of 2!!!
Member since 4/06 3164 total posts
Name:
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Re: Is $603,403, per year rich ???
My problem is not with the actual amount - it is with his characterization of those who earn above 250K and above as rich and the rift that has been created by such a characterization. I do not vote based on his "proposals" (although I studied them extensively so to imply that some of us do not understand them is presumptuous at best- I am quite familiar with Tax Law) because, to me, proposals are just that. I focus on ideas and the methodology behind his ideas. I believe in social programs but I do not believe in his plans or his ideas on the roles of the Federal Government. His ideas go against my interpretation of the constitution and the concept of Federalism.
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| Posted 10/27/08 2:30 PM |
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Ophelia
she's baaccckkkk ;)
Member since 5/06 23378 total posts
Name:
remember, when Gulliver traveled....
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Re: Is $603,403, per year rich ???
Posted by dita
Ophelia where did you get that?
The Washington Post was the first Google hit I got.
it's been posted on the boards a few times and it available from a few different sources, I believe.
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| Posted 10/27/08 2:31 PM |
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Ophelia
she's baaccckkkk ;)
Member since 5/06 23378 total posts
Name:
remember, when Gulliver traveled....
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Re: Is $603,403, per year rich ???
Posted by stickydust
My problem is not with the actual amount - it is with his characterization of those who earn above 250K and above as rich and the rift that has been created by such a characterization. I do not vote based on his "proposals" (although I studied them extensively so to imply that some of us do not understand them is presumptuous at best- I am quite familiar with Tax Law) because, to me, proposals are just that. I focus on ideas and the methodology behind his ideas. I believe in social programs but I do not believe in his plans or his ideas on the roles of the Federal Government. His ideas go against my interpretation of the constitution and the concept of Federalism.
this is a great post. thank you.
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| Posted 10/27/08 2:33 PM |
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MsMBV
:P
Member since 5/05 28602 total posts
Name:
Me
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Re: Is $603,403, per year rich ???
Posted by Jennie0898
Posted by bluegreen08
Does anyone really think that given the bailout, the war, our country's economic crisis, etc that McCain will really be able to lower anyone's taxes?
Reminds me of George Bush Sr when he said "NO NEW TAXES!!!"
We all know how that worked out...
My thought exactly. I think that there is a huge difference is feeding a line of sh!t to the masses and being realistic about what can happen. Now will the tax dollars be spent responsibly? That remains to be seen.....
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| Posted 10/27/08 2:34 PM |
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Blazesyth
*yawn*
Member since 5/05 8129 total posts
Name:
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Re: Is $603,403, per year rich ???
Posted by Ophelia
Posted by dita
Ophelia where did you get that?
The Washington Post was the first Google hit I got.
it's been posted on the boards a few times and it available from a few different sources, I believe.
Yes it is from the Washington Post
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| Posted 10/27/08 2:36 PM |
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HoneyBadger
YourWorstNightmare.
Member since 10/06 15979 total posts
Name:
BahBahBlackJeep
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Re: Is $603,403, per year rich ???
Posted by MsMBV
My thought exactly. I think that there is a huge difference is feeding a line of sh!t to the masses and being realistic about what can happen. Now will the tax dollars be spent responsibly? That remains to be seen.....
I agree completely.
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| Posted 10/27/08 2:40 PM |
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snowflake08
Love my boys!!!
Member since 8/07 5148 total posts
Name:
Laura
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Re: Is $603,403, per year rich ???
I dont believe any president will cut taxes -
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| Posted 10/27/08 2:42 PM |
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GoldenRod
10 years on LIF!
Member since 11/06 26792 total posts
Name:
Shawn
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Re: Is $603,403, per year rich ???
Phew! Lucky for me, I only make $603,402 /year.......
 
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| Posted 10/27/08 3:07 PM |
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HoneyBadger
YourWorstNightmare.
Member since 10/06 15979 total posts
Name:
BahBahBlackJeep
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Re: Is $603,403, per year rich ???
Posted by GoldenRod
Phew! Lucky for me, I only make $603,402 /year.......
Whew!!!!
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| Posted 10/27/08 3:07 PM |
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donegal419
St. Gerard, pray for us.
Member since 7/07 7650 total posts
Name:
K
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Re: Is $603,403, per year rich ???
Posted by bluegreen08
Does anyone really think that given the bailout, the war, our country's economic crisis, etc that McCain will really be able to lower anyone's taxes?
Obama won't do it either....
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| Posted 10/27/08 3:46 PM |
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