Chris Matthews: Are you safe from an Obama tax increase?
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Ok Brit,
Although the US economy has grown over the past 40 years, Real wages have actually fallen.
US workers are more productive, but in real wages, they are paid less.
Yet pay at the top has grown enormously.
Don't weep for the taxes on the rich. It's no more "their money" than medieval manor lords owned "their land" or "their surfs".
The top 3% percent own 90% of the country.
They've siphoned it off, and FAILED to reinvest as they promised.
a7241982 3 years ago
Ultra and Hoosier: your insults back and forth are not on topic. No one knows it all. Social Security is bunk. The politicians have pissed away the funds long ago. The poor? Well, take whatever source you want; one thing is true. The majority of "homeless" people choose to live that way. If they did not choose it, there are shelters and free job training programs available to them. Not all, but most, homeless and poor could benefit with a little effort instead of waiting for a check. Taxes suck.
pilsner70 3 years ago
Ultra: not sure...but I think Buffet said he paid a lower tax rate than his secretary. It would based on capital gains vs. income tax. And by the way, there is no law preventing Buffet to write a check to the Treasury if he feels so bad about paying a lower percentage. Even though he pays millions more in taxes than she'll make in two life times? The top two brackets are paying more than their share. Last I heard 40% (or so) of folks that get a paycheck don't pay income taxes.
pilsner70 3 years ago
Social Security is not just a retirement plan, damn, do you even live in this country? How can you be this ignorant? Social Security includes retirement benefits, disability income, veteran's pension, public housing and even the food stamp program.
Why should the poor pay a larger percentage of their income for Veterans Pensions and Disability Benefits than the rich?
You aren't nearly as smart as you think you are.
UltraSWG 3 years ago
200K is for individuals, 250K for families. Biden gaffs all the time, and who the fuck cares what Bill Richardson says.
I don't give a shit if my taxes don't go DOWN, so long as the top two brackets pay their share. Right now, Warren Buffet pays a lower income tax percentage than his secretary. He said so himself on CNN. That is just criminal.
UltraSWG 3 years ago
Yes, I know the difference, dumbass, apparently you do not. This is straight from FactCheck:
"The fact is that Obama's proposal exempts all making under $250,000 a year from paying any increase in the capital gains rate, according to campaign economic adviser Austan Goolsbee."
You are wrong. Don't project your ignorance on others.
UltraSWG 3 years ago
Do you understand the difference between capital gains tax and personal income tax? Have you actually read his position papers? Or do you just get all your facts from MSNBC? It's scary to think that people who either haven't read, or don't understand, their candidates positions have elected him president.
Hoosier0Daddy 3 years ago
Last statement made personally by Obama, that figured was changed to $200K, $150k was the last number given by Joe Biden, $120K by Bill Richardson, who was speaking on behalf of the Obama campaign. Obama plan is to let the Bush temporary tax cuts to expire, then give a tax cut to the bottom 43%. The middle will not see a tax increase. (after the Bush cuts expire). So in the end, you may not see the decrease that you expect. Have you actually read any of his plans?
Hoosier0Daddy 3 years ago
If I pay more in, do I get more back? Isn't Social Security a retirement plan and we all get the same amount back every month upon retirement? Why shouldn't we all pay the same amount in if we all get the same amount back? If I pay more, where does that money go?
Hoosier0Daddy 3 years ago
No, he has said specifically that for families making less than 250K, they will not pay higher capital gains taxes.
UltraSWG 3 years ago