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Why does the gov't screw the middle class?

Discussion in 'Political Discussion' started by PatriotsReign, Jan 29, 2009.

  1. PatriotsReign

    PatriotsReign Hall of Fame Poster

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    #18 Jersey

    First, let's define middle class.

    Our friends in Washington say the middle class ends at $75K if you're single. and that may be true in certain parts of the nation, but not here in the Northeast, Massachusetts in particular.

    In summary, if you make over $75,000 (singles) or $150,000 (couples), you did not receive a stimulus check last year and you will not recieve one under Obama's plan. Let's get another thing straight also...couples making $150K are a LOT wealthier than a single person making $75K. A frikkn' LOT wealthier!

    Now, as part of Obama's stimulus, there's a new $7,500 tax credit for first time home buyers that won't have to be paid back...and guess what? If you're single and make over $75K, you're not eligible! but if you're married and make $148K, you're eligible.

    I guess I'm wondering what happened to Obama's definition of wealthy being over $200K? He said he would increase taxes only upon those earning over that amount which is an admission that is his definition of wealthy. Yet nothing he has done or plans to do will help anyone earning over $75K if you're single (which I am).

    So what do people like me get for the much higher tax rate we pay? It would seem, not much. My taxes are going to go to rebuild schools, pay for others stimulus checks and credits to help them buy homes. But they're telling people like me we don't need any help. Never mind the fact that 12 years ago I was making $32K a year. So I have little accumulated wealth built up.

    I'm sure there are many others like me but we don't represent a large enough constituency to be counted. If anyone else is in a similar positon, it makes me feel my gov't is flipping me the bird and saying tough sh1t.

    Oh, here's a couple more tidbits for people earning over $75k;

    1. They have their 401K's capped at 2% above their co.'s average. which is 6% annually for me
    2. They can't contribute to Roth IRA's or any other tax deferred retirement program at all

    I guess I need to find a good accountant/investment advisor to show me how I can screw the IRS back. I've never wanted to go that route, but if they want to forget about me, I'm going to try me best to give them as little of my money as possible.
     
    Last edited: Jan 29, 2009
  2. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

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    Given the unemployment rate is approaching double digits, and many folks I know are facing income reductions.. consider yourself a lucky person.. not really sure if you need a stimulus check.. not sure how many people included in this whole group need stimulus checks.. I agree most of this stuff favors married folks including our current tax system..
     
  3. MrBigglesWorth

    MrBigglesWorth Veteran Starter w/Big Long Term Deal

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    it is very simple.

    the top 1% reaps the most benefits and accumulates the most wealth.

    the lower class is given scraps and middle class some too. From what I've seen people from the middle class are outraged at the scraps given to the lower class. This outrage serves as a distraction to both the middle and lower which deflects the true problem.

    Keep the peasants fighting amongst themselves and the anger will not be focused on the king.

    In the end the house always wins.
     
  4. MrBigglesWorth

    MrBigglesWorth Veteran Starter w/Big Long Term Deal

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    I often wonder if this was the same propaganda that the colonials faced right before the Boston Tea Party. "You have enough to survive" "You have land and a roof over your head"
     
  5. DarrylS

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    Not sure it is propaganda, if you disclose you are doing well in this economy good for you.. but you are lucky considering how things are going.. not at all minimizing PR's sitz, but questioning will any of these "small checks" make a difference.. personally $1200, did not mean a whole lot to us last year.. we filled up the oil tank & paid some taxes.

    Right now RI is @ 10% unemployment, not including those whose benefits who have run out or discouraged workers... 1 in 14 homeowners are behind on their mortgage payments..something like 1 in 7 are upside down in their mortgages.. it goes on and on.. not sure if anyone gets $600 or $1200 will do much of anything except makes us feel all warm and fuzzy for about 2 minutes, then reality hits and our grandchildren are facing another bill to pay.
     
  6. sdaniels7114

    sdaniels7114 Experienced Starter w/First Big Contract

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    First thing you need to do is get that way of thinking out of your head. They made the rules. Hiring an accountant to take full advantage of them is what they expect you to do. Are the Pats screwing the NFL when they use all 4 downs to get 10 yards as opposed to punting on 4th?

    Second thing you should do is find some hottie who makes $74,500 and is willing to cook and do your laundry.
     
  7. BelichickFan

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    #24 Jersey

    "need". Is the stimulus welfare based on need or a check for people to spend money ? I thought it was the latter. You'd have to go a good bit about $75K before a $600 or whatever check would just be tossed on the bank and not a dime of it spent. If it were based solely on need, as opposed to wanting to buy yourself something you want but don't really need, then it would just be welfare.

    I'm not sure I buy that. My wife and I both work and our second income is taxed at the high rate from the first dollar. We also can't contribute to a Roth IRA, nor get tax benefits from a Traditional IRA, at all; we both make low enough individually to do them but the limit for married people is less than twice the limit for single (it's something like 150%) so although we could both do a Roth IRA if we were single, neither of us can married and that's a big deal, Roth IRAs are very good.
     
  8. PatriotsReign

    PatriotsReign Hall of Fame Poster

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    #18 Jersey

    That's the question, who says who "needs" what? I've been throught 5 mergers/acquisitions, I've been laid off for a year and I made peanuts up until lately. I've never been able to afford a home (until now) and I didn't make enought (until recently) to save much for retirement. But none of these things are ever considered...why is that?

    And why does and should our country "favor" married people? Isn't that in itself prejudiced?
     
  9. PatriotsReign

    PatriotsReign Hall of Fame Poster

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    #18 Jersey

    Hey, your advice will actually make me feel patriotic AND I'll get to take home more of my hard-earned money.

    Getting the "hottie" will mean...gulp...m-m-marriage, if I want it to help save me on the tax front. I'll stay singe for a while longer:D but nothing wrong with hotties, though.
     
  10. BelichickFan

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    #24 Jersey

    I'm not sure it does but if it does the reason would be that in the past a married couple would be living off one income, generally also with kids. So a single income single's person would go a lot further than a single income married person's income as they're supporting one person vs. 2, 3, 4 or more.

    Of course that has changed with a lot of two income married couples; whose effect is lessened by needing to pay high daycare costs. What's fair ? Who knows.

    But the tax system is prejudiced everywhere. The rich pay more. Property owners pay more. Etc, etc.
     
  11. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    Well you were told what would happen when BO was elected. What the hell did you expect?

    Dems view your money as the gov (THEIR) money they decide what you are allowed to keep. They know what is good for you and believe you are too stupid to know what to do with your money...
     
  12. PatriotsReign

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    #18 Jersey

    It "favors" married folks BF otherwise there wouldn't be a clause like "$75K for singles and $150K for married couples". As i said earlier, a married couple (with no children) is a HELL of a lot wealthier than a single person making $75K. It's not like the married couple needs a house twice as big, has double the cable, phone and electric bills. The spend twice as much on food and clothing, and that's not much per year (maybe $2K more).
     
  13. PatriotsReign

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    #18 Jersey

    blame the dem's all you want...the current system was set up by George's regime. Besides, it's always been this way no matter who's in office.
     
  14. PatsFanInEaglesLand

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    #37 Jersey

    You live in Mass. Do you have any single friends? You could always do a "Chuck and Larry" marriage.
     
  15. BelichickFan

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    #24 Jersey

    And a single person is a hell of a lot wealthier than a married couple with kids with one income - most married people have kids. Kids cost a lot. The other bills, house, phone, cable, energy, do go up substantially although probably not double.

    I can't prove it but I am almost certain I'd be a lot better off financially had I stayed single vs. getting married and having two kids. That, even though my wife makes the same as I do so our income is doubled. When I look at my house payment vs. what I paid when I was single, what we spend on the kids, etc, I think you are financially better off single unless you are married with no kids.
     
    Last edited: Jan 29, 2009
  16. PatriotsReign

    PatriotsReign Hall of Fame Poster

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    #18 Jersey

    Not so sure about that if you're talking about $75K single vs $150K married with 2 children. The single person would make $1.9MM in 25 years while the family of 4 would make $3.8MM. You gotta figure they'd both need about the same size home or at least not much different. I don't think children would add $2MM in costs over 21 years.

    BUT...the law says "even if you don't have children, you're eligible for all kinds of breaks if you're married and make $149K or close. TWO people earning $149 are indisputeably wealtier than a single person making $74K...by FAR.
     
    Last edited: Jan 29, 2009
  17. PatriotsReign

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    #18 Jersey

    You make me wanna puncha you in da face....as they'd say in the North End. ;)
     
  18. BelichickFan

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    #24 Jersey

    You want an all inclusive law but there isn't one. You can give your example - great - but what about the family of four living on the one income of $75K vs. the single person living on $75K. A lot of women still don't work - probably a minority now but still a good number. This is the problem with the government making laws based on social engineering.
     
  19. Real World

    Real World Moderator Staff Member

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    Quit complaining. Think of all the people that are going to get free condoms, as a result of your hard work PR. ;)

    The problem with taxation begins with the cost of gubmit. If it didn't need $3-4 Trillion per to run itself, then it wouldn't have to rape it's citizens who work the most. Cut the gubmits tab, and you could cut your tax burden also.
     
  20. Harry Boy

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    Re: Why does the gov't screw the middle class?

    Your boy Obama is the king of the "Middle Class Screwers"

    The Barack Hussein Obama's of the country TAKE from the middle class and GIVE to the wino under the bridge. You should feel good tonight when you go to sleep, the Obama groupies in Mass just filled up it's prisons with Flat Screen HD TV's for the Scumbags to watch while your out working your a$s off to pay for Aunt Zucchini's Food Stamps (that money should have gone to the prisoners families)

    Messiah Prince Obama and his gang of scumsuckers will bleed you for every drop of blood they can get, your going to support 12 million illegal aliens (bush and that old fool mccain were in on this one too)

    Your going to pay for every crazy friggin socialist do-gooding liberal give away that those dingobats can dream up, did you see the grins on their faces today, Mush Mouth Matthews legs were shaking so bad this morning he fell out of his car.

    Oh Look Mother Isn't That President Obama, God Isn't He Beautiful, I have A Recording Of Him Giving One Of His Glorious Speeches I Play It Every Night Before I go To Sleep It Makes Me Feel All Warm And Gooey, We Are So Blessed Mother.

    Your Prince Obama is going to screw you like youv'e never been screwed before, if you have to stay home some Sat night because your broke put on a tape and listen to one of Obama's Glorious Speeches, to a liberal thats better than getting laid.
     
    Last edited: Jan 29, 2009

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