Ever changing definitions

Discussion in 'Congress' started by Navy1960, Oct 31, 2008.

  1. Navy1960
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    Navy1960 Senior Member

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    "If You Make $250,000 A Year Or Less, We Will Not Raise Your Taxes. We Will Cut Your Taxes." (Barack Obama, Remarks, Powder Springs, GA, 7/8/08) Barack Obama


    OBAMA AD: "The Obama Plan: Families Making Less Than $200,000 Get Tax Cut."

    "What we're saying is that $87 billion tax break doesn't need to go to people making an average of 1.4 million, it should go like it used to. It should go to middle class people -- people making under $150,000 a year." (Joe Biden, Interview With WNEP Scranton, 10/27/08

    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.
    http://www.barackobama.com/pdf/taxes/Factsheet_Tax_Plan_FINAL.pdf

    On a personal level I would like to know in the ever changing definition of wealthy according to Barack Obama, which I am to believe? Am I to believe his latest 30 minute video presentation, or his tax policy on his own web page or his Vice Presidential candidate when it comes to his tax plan. As this plan will not come into play until the Bush Administration's tax cuts expire in 2010, is it clear that by 2011 when a tax program will get implemented, will these same definitions hold true?
     
  2. jschuck12001
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    jschuck12001 Senior Member

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    If you dont want to do the research yourself then I will do it for you.



    Obama
    you'd save...
    If you make...
    less than $19,000 $567
    $19,000-$37,600 $892
    $37,600-$66,400 $1118
    $66,400-$111,600 $1264
    $111,600-$161,000 $2135
    $161,000-$227,000 $2796


    If you're in the top 5% of earners
    you'd pay
    an extra...

    $227,000-$603,400 $121
    $603,400-$2.87 million $93,709
    more than $2.87 million $542,882


    McCain
    you'd save...
    If you make...
    less than $19,000 $21
    $19,000-$37,600 $118
    $37,600-$66,400 $325
    $66,400-$111,600 $994
    $111,600-$161,000 $2584
    $161,000-$227,000 $4437


    If you're in the top 5% of earners
    you'd save...


    $227,000-$603,400 $8159
    $603,400-$2.87 million $48,862
    more than $2.87 million $290,708

    *Source: Tax Policy Center. Numbers have been rounded. For complete details, go to TaxPolicyCenter.org.
     
  3. WhiteLion
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    WhiteLion WMS.

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    I doubt it, I tell you this day... that by the time Bushs tax cuts expire and if Obamas elected president, i fear the worst in all catagories: US economics, foreign policy, illegal immigration etc etc...to the point of civil upheavals....I dont pay much attention to the numbers game as it can be manipulated 8 ways from Sunday, what i watch is physical cause and effect in real world apps...thats where its at...

    Anyone can tell you anything, mesmerize your mind, mystify the stories and exhilarate your soul, its up to you to except or reject hypnotic halitosis...-WhiteLion
    [​IMG]
     
    Last edited: Oct 31, 2008
  4. Navy1960
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    Navy1960 Senior Member

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    While I completely appreciate your efforts on my behalf jschuck, you can be sure, I am WELL aware of what Barack Omaba's tax plan is as stated on his web site. However, you missed the entire point of this thread, while I don't dispute the data you put up, as I have seen it many times, before thank you. I think it should be noted that the delta for what is considered wealthy shifts. It is not a constant message and given the fact that it is not a constant message and the time between implementation what will the tax cut really look like when it it is actually implemented in 2011.
     
  5. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    If Obama is elected he'll just say "Circumstances have changed, I can't give you that tax cut now. Maybe in the future". Just like Bubba did.
     
  6. jschuck12001
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    jschuck12001 Senior Member

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    So you want Obama to define what is considered "Wealthy". He is defining it based on who he will give tax cuts to. You have to understand that demographics are very different from state to state. You live in AZ. If you live in Northern VA the cost of living is very high and a single mom making $90k a year or a husband and wife making a combined $150k a year is far from wealthy but you cant slice and dice state by state. Has anyone ever defined what wealthy is considered to be?
     
  7. jschuck12001
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    jschuck12001 Senior Member

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    No way, he's locked in, if he does what you say it will be the end of him and people will never forget it, he will serve his 1 term but he will be a President thats gets little to zero respect and his political career will be done.
     
  8. DiamondDave
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    DiamondDave Army Vet

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    He's not locked in.. because his tax 'code' does not take into account the extra spending he wants to do.. so either he has to up the taxes, or he drives the federal deficit to places so high, we'll all get altitude sickness
     
  9. Navy1960
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    Navy1960 Senior Member

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    Again jschuck, I'm aware that standards of living are different from state to state. It is not me that is using the seperation of wealthy and middle class as a campaign year issue. So IMHO it should be a legitimate question to ask what a potential President will set that definition as, regardless of living standards across the United States . I know I can't define it , but on the surface it does seem that Barack Obama is trying to do so by using terms like "its time the rich paid their fair share".
     
  10. Care4all
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    Care4all Warrior Princess Supporting Member

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    good afternoon navy!!! :)
    i didn't see obama call anyone wealthy in what you printed? so, did he define it somewhere else? i have seen us, here on this site call the top two tax brackets wealthy but nowhere in those obama statements/ads...unless i skimmed over it by mistake?

    care
     

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