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Re: Obama Proposing Tax Cut Of $1,000 for Most Families???
Quote:
Originally Posted by PatriotsReign
I actually agree with you here BF. This is total bs. He did say he'd cut taxes on those making less than $250k and that was his definition of the middle class. For the life of me, I do not understand why our gov't is cutting of tax rebates at such low levels..
Because those are the levels where people need it. For someone who makes 250K a year, $1000 doesnt make a damn difference. You give someone who makes $30K a year, $1000, and they'll go out and spend it.
The lower the income, the more likely it gets spent.
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Re: Obama Proposing Tax Cut Of $1,000 for Most Families???
Quote:
Originally Posted by Synovia
Because those are the levels where people need it. For someone who makes 250K a year, $1000 doesnt make a damn difference. You give someone who makes $30K a year, $1000, and they'll go out and spend it.
That's fine by itself - but in the campaign he said everyone under $250K would get a tax cut. Evidently it was another Obama Lie.
Re: Obama Proposing Tax Cut Of $1,000 for Most Families???
Quote:
Originally Posted by BelichickFan
That's fine by itself - but in the campaign he said everyone under $250K would get a tax cut. Evidently it was another Obama Lie.
Can you post a quote to that?
I remember him saying that "wealthy starts at 250K",(as opposed to McCain, at $5m/yr) and saying he was going to give tax cuts to the middle class. I don't remember him ever giving a number though.
Re: Obama Proposing Tax Cut Of $1,000 for Most Families???
Quote:
Originally Posted by Synovia
Can you post a quote to that?
I remember him saying that "wealthy starts at 250K",(as opposed to McCain, at $5m/yr) and saying he was going to give tax cuts to the middle class. I don't remember him ever giving a number though.
It's hard to tell who misled the voters - Obama's quote said tax cuts under $150K but the chart from the Tax Policy Center has a tax cut for those under $227K. So Obama's words weren't a lie but the plan was unless the Tax Policy Center miscalculated from his plan which is doubtful.
It's hard to tell who misled the voters - Obama's quote said tax cuts under $150K but the chart from the Tax Policy Center has a tax cut for those under $227K. So Obama's words weren't a lie but the plan was unless the Tax Policy Center miscalculated from his plan which is doubtful.
They're taking averages for ranges. I think you understand why the 226K-600K range is a problem for calculate an 'average tax change'
Thanks for making my point:
"What I can say is under the approach I'm taking, if you make $150,000 or less, you will see a tax cut. If you're making $250,000 a year or more, you're going to see a modest increase."
Sounds like hes doing exactly what he said he was going to do. The first quote, which is a fallacy, is MCCAIN.
Re: Obama Proposing Tax Cut Of $1,000 for Most Families???
Quote:
Originally Posted by Synovia
They're taking averages for ranges. I think you understand why the 226K-600K range is a problem for calculate an 'average tax change'
How about this range :
$160,973-$226,918 = $2,796 tax cut
Unless there's an additional cut we were lied to either by him or the numbers he gave. Because, as of now, no-one making over $150K is getting a tax cut so the above bolded range is simply not true.
Re: Obama Proposing Tax Cut Of $1,000 for Most Families???
Quote:
Originally Posted by Synovia
Because those are the levels where people need it. For someone who makes 250K a year, $1000 doesnt make a damn difference. You give someone who makes $30K a year, $1000, and they'll go out and spend it.
The lower the income, the more likely it gets spent.
I disagree...you give someone making $30K/yr and they'll use to pay debt. give it to someone making $100K and they'll buy something. It's just common sense.
Re: Obama Proposing Tax Cut Of $1,000 for Most Families???
Quote:
Originally Posted by PatriotsReign
I disagree...you give someone making $30K/yr and they'll use to pay debt. give it to someone making $100K and they'll buy something. It's just common sense.
It's difficult to generalize but I think those up to $250K would largely spend. Once you get into the millionaires, then maybe not.
Re: Obama Proposing Tax Cut Of $1,000 for Most Families???
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