Obama to Tax Rich for

Discussion in 'Politics' started by WillowTree, Feb 25, 2009.

  1. WillowTree
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    WillowTree Diamond Member

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    The 10-year budget outline that the White House will release officially Thursday aims to pay for universal health care coverage in part by collecting more in taxes from wealthy Americans.

    Senior administration officials tell FOX News that President Obama's budget will include a $634 billion "reserve fund" to pay for universal coverage. The administration projects the total cost of $1 trillion and describes the "reserve fund" as a down payment on the total cost.

    Senior White House officials briefed Democrats in Congress on the president's budget outline Wednesday


    Obama Seeks $634M Over 10 Years to Revamp Health Care System - First 100 Days of Presidency - Politics FOXNews.com





    outfuckingtanding!
     
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  2. garyd
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    garyd Senior Member

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    Oh good now we can all get treat like the vets....
     
  3. WillowTree
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    WillowTree Diamond Member

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    For example, if a couple had $10,000 of legal itemized deductions, the tax change would limit the deductible amount to $2,800. Under current law couples earning $250,000 or more can deduct up to 35 percent of their legal deductions. Using the $10,000 figure again, couples can currently deduct $3,500 from their taxes.


    Lesseeee the difference in 2800 and 3500 is 700. 700 x 10 is 7000. now in order for this to bring in the projected 634 B means there are one helluva lot of rich people to make 634 billion dollars in ten years...holy shit
     
  4. Xenophon
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    Xenophon Gone and forgotten

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    Tax the rich, feed the poor, till there are no, rich no more.
     
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  5. elvis
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    elvis BANNED Supporting Member

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    ten years after
     
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  6. Xenophon
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    Xenophon Gone and forgotten

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    Which is when BO says this crap will all be paid for, although I doubt it.
     
  7. elvis
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    elvis BANNED Supporting Member

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    either the debt will be 20 trillion, or taxes will be 40 percent.
     
  8. Xenophon
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    Xenophon Gone and forgotten

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    Taxes will be through the roof, 'the rich' are already sending their money to off shore banks.

    They tried overtaxing rich people in the 1950s & 1960s, all it did was make places like Monaco rich.
     
  9. manu1959
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    manu1959 Left Coast Isolationist

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    ya tax the rich the obviously don't know how to spend their money....the government is much better at it.....being the government is so solvent and all......
     
  10. elvis
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    elvis BANNED Supporting Member

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    how long do you think it'll be before everybody's paying higher taxes?
     

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