Welcome to PatsFans.com

Obama Proposing Tax Cut Of $1,000 for Most Families???

Discussion in 'Political Discussion' started by cupofjoe1962, Feb 9, 2009.

  1. cupofjoe1962

    cupofjoe1962 Rookie

    Joined:
    Feb 4, 2008
    Messages:
    2,557
    Likes Received:
    18
    Ratings:
    +33 / 12 / -2

    Obama Proposing Tax Cut Of $1,000 for Most Families who earn less than $150,000 or singles who make less than $75,000.

    How will we get this money?

    Will they cut our take home pay or will we have to wait until we file our
    taxes?
    Last edited: Feb 9, 2009
  2. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

    Joined:
    Sep 13, 2004
    Messages:
    40,953
    Likes Received:
    97
    Ratings:
    +173 / 5 / -22

    From what I understand it will be a deduction on your taxes next year...
  3. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

    Joined:
    Sep 13, 2004
    Messages:
    31,380
    Likes Received:
    137
    Ratings:
    +280 / 9 / -9

    #24 Jersey

    So he's already changes the cutoff of middle class to rich to this $150K/$75K now, I see. He was talking about $250K during the campaign.

    BTW, those who don't pay income tax will be getting welfare here not a tax cut.
  4. FreeTedWilliams

    FreeTedWilliams pfadmins PatsFans.com Supporter

    Joined:
    Jan 26, 2005
    Messages:
    5,286
    Likes Received:
    38
    Ratings:
    +91 / 31 / -3

    #75 Jersey

    IT is a straight out redistribution of wealth, these people ALREADY PAY NO INCOME TAXES, and now in addition to the money they already get from EIC, he is going to give them an additoinal $1,000, so if I were you, I would open up a Big Screen TV business, because that is what they are going to spend there moeny on (updrading the current big screen TV that they already have).

    This is the dumbest thing in the whole, if you really want to get the economy going , lessen the tax burden on the people and business that actually create jobs! This will do nothing more than more the country towards Obama's coveted 50% dependent on the government for their very lives.
  5. PatriotsReign

    PatriotsReign Rookie

    Joined:
    Jan 15, 2007
    Messages:
    25,784
    Likes Received:
    83
    Ratings:
    +182 / 2 / -10

    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.

    Keep in mind, it may not have been Obama who did this. It could have been congress.
  6. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

    Joined:
    Sep 13, 2004
    Messages:
    31,380
    Likes Received:
    137
    Ratings:
    +280 / 9 / -9

    #24 Jersey

    Oh, no, you can't get away with that one :) It was always Bush's fault, even with a (D) majority the last two years . . . and Obama will be signing the bill . . . he may not have written this up but he owns this bill.
  7. PatriotsReign

    PatriotsReign Rookie

    Joined:
    Jan 15, 2007
    Messages:
    25,784
    Likes Received:
    83
    Ratings:
    +182 / 2 / -10

    what-evAH BF.....:rolleyes:
  8. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

    Joined:
    Sep 13, 2004
    Messages:
    31,380
    Likes Received:
    137
    Ratings:
    +280 / 9 / -9

    #24 Jersey

    Hey, I put a smile there ;)

    If Obama signs it he owns it, end of story.
  9. Real World

    Real World Moderator Staff Member

    Joined:
    Aug 15, 2006
    Messages:
    26,794
    Likes Received:
    143
    Ratings:
    +291 / 4 / -2

    That's how it's been with BOOOOOOOSH.
  10. Synovia

    Synovia Rookie

    Joined:
    Nov 25, 2008
    Messages:
    3,922
    Likes Received:
    1
    Ratings:
    +1 / 0 / -0

    I make less than 75K. I will assure you that I do, in fact, pay income tax.
  11. Synovia

    Synovia Rookie

    Joined:
    Nov 25, 2008
    Messages:
    3,922
    Likes Received:
    1
    Ratings:
    +1 / 0 / -0

    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.
  12. Synovia

    Synovia Rookie

    Joined:
    Nov 25, 2008
    Messages:
    3,922
    Likes Received:
    1
    Ratings:
    +1 / 0 / -0

    We tried that. It didn't actually work. Businesses just take the tax cuts and give bonuses to members of the board.
  13. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

    Joined:
    Sep 13, 2004
    Messages:
    31,380
    Likes Received:
    137
    Ratings:
    +280 / 9 / -9

    #24 Jersey

    He was wrong to suggest all below that pay no taxes but this proposal will have people getting $1K "tax cut" who pay no income tax.
  14. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

    Joined:
    Sep 13, 2004
    Messages:
    31,380
    Likes Received:
    137
    Ratings:
    +280 / 9 / -9

    #24 Jersey

    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.
  15. Synovia

    Synovia Rookie

    Joined:
    Nov 25, 2008
    Messages:
    3,922
    Likes Received:
    1
    Ratings:
    +1 / 0 / -0

    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.
    Last edited: Feb 9, 2009
  16. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

    Joined:
    Sep 13, 2004
    Messages:
    31,380
    Likes Received:
    137
    Ratings:
    +280 / 9 / -9

    #24 Jersey

    Looking at this link :

    $150,000 vs. $250,000 - First Read - msnbc.com

    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.
  17. Synovia

    Synovia Rookie

    Joined:
    Nov 25, 2008
    Messages:
    3,922
    Likes Received:
    1
    Ratings:
    +1 / 0 / -0

    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.
    Last edited: Feb 9, 2009
  18. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

    Joined:
    Sep 13, 2004
    Messages:
    31,380
    Likes Received:
    137
    Ratings:
    +280 / 9 / -9

    #24 Jersey

    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.
  19. PatriotsReign

    PatriotsReign Rookie

    Joined:
    Jan 15, 2007
    Messages:
    25,784
    Likes Received:
    83
    Ratings:
    +182 / 2 / -10

    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.
  20. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

    Joined:
    Sep 13, 2004
    Messages:
    31,380
    Likes Received:
    137
    Ratings:
    +280 / 9 / -9

    #24 Jersey

    It's difficult to generalize but I think those up to $250K would largely spend. Once you get into the millionaires, then maybe not.

Share This Page

unset ($sidebar_block_show); ?>