Obama Tax Plan: Now down to $150,000

Discussion in 'Congress' started by The Paperboy, Oct 28, 2008.

  1. The Paperboy
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    The Paperboy Times Square

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    First Obama told us that tax cuts would go to 95% of people making under 250K.

    Then Obama lowered it to 200K.

    Now Biden says 150K.

    Of course the dirty little secret is that 40% of tax filers do not pay any Federal Tax and will be mailed a check as their "tax cut".

    Story here
     
  2. xsited1
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    xsited1 Agent P

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    At this rate, even some Democrats will get hit by the tax increases.
     
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  3. WillowTree
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    WillowTree Diamond Member

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    It will stall at 42,000.00 I love those libwals they're so gullible.:eusa_angel:
     
  4. DavidS
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    DavidS Anti-Tea Party Member

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    BREAKING NEWS: Joe Biden just said you have to be making under $10,000 a year to not get hit with tax increases! Oh noes!!
     
  5. Silence
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    Silence wanna lick?

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    :lol:

    smell that? it's desparation.
     
  6. DavidS
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    DavidS Anti-Tea Party Member

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    Make sure you get as many people as you can to vote next week. Bribe the old Jewish ladies with the best reciepie for matzo-ball soup if you have to!
     
  7. KMAN
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    KMAN Senior Member

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    what do you mean? Are you saying Obama is lying and it's not $150,000?
     
  8. jschuck12001
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    jschuck12001 Senior Member

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    You people are idiots, its always been the same, if you make 201,000 - $250k you will see no increase or decrease. Everything below $200 will get a decrease but under $150k is where you will see the most. Spin it how you want but its never changed and none of you make that kind of money anyway.

    Per the Tax Policy Center, here is how Obama's tax plan breaks down for individuals:
    $0-$18,891 = $567 tax cut
    $18,982-$37,595 = $892 tax cut
    $37,596-$66,354 = $1,118 tax cut
    $66,355-$111,645 = $1,264 tax cut
    $111,646-$160,972 = $2,135 tax cut
    $160,973-$226,918 = $2,796 tax cut
    $226,919-$603,402 = $121 tax increase
    $603,403-$2.87 million = $93,709 tax increase
    $2.87 million-plus = $542,882 tax increase
     
    Last edited: Oct 28, 2008
  9. The Paperboy
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    The Paperboy Times Square

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    What will Obama do when his tax increases can't pay for his tax cuts and his trillion dollars in new spending?

    On top of that his tax plan will suppress job creation which means less tax revenue.

    As you usual the answer is the middle class will get screwed.
     
  10. WillowTree
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    WillowTree Diamond Member

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    Never ever get an answer to that question. They got no backup plans.:eusa_whistle:
     

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