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How "rich are getting richer" and "poor are getting poorer" and "poor are none the wiser" because they keep voting for those who keep making them poorer.
1 posted on 06/09/2008 1:45:07 PM PDT by CutePuppy
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To: CutePuppy
Obama certainly doesn't fall into that category, but he does fit into the top 1% of federal income-tax payers. According to the Tax Foundation, this group accounts for 21% of total adjusted gross income nationwide but pays 39% of all individual federal income taxes.

As of 2005, the latest data available, the cutoff for the top 1% was adjusted gross income of $364,657. The cutoff for the top 5% was $145,283.

2 posted on 06/09/2008 1:46:23 PM PDT by CutePuppy (If you don't ask the right questions you may not get the right answers)
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To: CutePuppy

So he wants no risk for himself and to pay no taxes. That seems starkly in contrast from what he advocates for rest of us. He wants us paying as much in taxes as possible to fund all his brilliant ideas. And he doesn’t seem to be taking the risk out of our investments considering that he is promoting more inflation via food and fuel (which are entirely government caused bubbles).


4 posted on 06/09/2008 1:51:19 PM PDT by bpjam (Drill For Oil or Lose Your Job!! Vote Nov 2008)
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To: CutePuppy

Hmmmmm...ole’ Bill and Hillary, why when they were the Arkansas duo in the ‘80’s..well they had to settle for “Red Bone”

http://www.washingtonpost.com/wp-srv/politics/special/whitewater/stories/wwtr940527.htm


5 posted on 06/09/2008 1:52:46 PM PDT by mo
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To: CutePuppy

Because those they vote for promise to make the ‘poor man rich while making a rich man poor’. It will never work.


6 posted on 06/09/2008 1:53:11 PM PDT by griswold3 (Al qaeda is guilty of hirabah (war against society) Penalty is death.)
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To: CutePuppy
his investments have nearly tripled in the past two years to as much as $7.4 million

Corporate Scum-Sucker Tip #39- Providing inside information to a sitting US senator is a great way to get legislation passed that is favorable to your corporation's bottom line without messy wire transactions to off-shore bank accounts.

10 posted on 06/09/2008 2:16:32 PM PDT by Rockitz (Obama 2008- Strange we ain't believin')
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To: CutePuppy

A person in Senator Obama’s income bracket would be foolish not to avail himself of the tax-free income of municipal bonds. It is only among misguided fans of the GWB presidency that stupidity has become a necessary requisite to run for President of the United States.


11 posted on 06/09/2008 2:23:20 PM PDT by MurryMom
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To: CutePuppy

“Tax-free income By far the largest account, valued between $1 million and $5 million, was in the Northern Municipal Money Market Fund. It generated tax-free interest in 2007 of between $15,001 and $50,000. “

I propose a new tax.
Howz-about a 30% tax on interest gained in the Northern Municipal Money Market Fund? hmmmm???


13 posted on 06/09/2008 2:23:42 PM PDT by Scotswife
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To: CutePuppy
his investments have nearly tripled in the past two years

Hmmmm.... any real estate investmnents?

14 posted on 06/09/2008 2:43:14 PM PDT by Fido969 ("The hardest thing in the world to understand is income tax." - Albert Einstein)
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To: CutePuppy

THE RICH IS.... THE MIDDLE CLASS, READ BETWEEN THE LINES. HE WON’T CUT HIS OWN THROAT OR HIS RICH FRIENDS. THE DISENFRANCHISED STAND WITH THIER HANDS OUT, SO WHO IS LEFT HOLDING THE BAG?


16 posted on 06/09/2008 2:54:34 PM PDT by ronnie raygun (IF YOU ARE NOT CONSERVATIVE BY 35 YOU HAVE NO BRAIN. W CHURCHILL)
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To: CutePuppy
Ain't BHO having fun!


18 posted on 06/09/2008 3:28:24 PM PDT by Lady Jag (Donate to FR anytime at https://secure.freerepublic.com/donate)
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To: CutePuppy

I am neither an Obama supporter or detractor...but everyone is making wrong assumptions here.

The article says, “By far the largest account, valued between $1 million and $5 million, was in the Northern Municipal Money Market Fund. It generated tax-free interest in 2007 of between $15,001 and $50,000.”

This is an account anyone can buy - it is a money market account that returns between 2 & 4% using gov’t and municple bonds. Whenever anyone - whether they are wealthy or poor - invests in these types of bonds, they don’t pay any income taxes. Obviously, most people don’t because the return is so low.

So before villifying the guy, and trust me there are many things he believes could be, his very conservative investment strategy shouldn’t be one of them. His investment fund has increased not from investment return but from his book sales.


20 posted on 06/09/2008 3:38:00 PM PDT by wallstassociate
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To: CutePuppy

It sounds like B.O. HUSEIN’s private coffers are experiencing a Tsunami of Unexplained personal income.
Bought a $2,000,000 personal Mansion with a $1,500,000
side lot and the inherent cost of maintenance, taxes, insurance, and cleaning and servant help( slave labor?).
Heaven forbid that he and Michelle didn’t thoroughly rebuild and renovate their Mansion to their newly acquired status. Now We find that these “Dirt Poor” Community Servants( according Madame Michelle) have salted away another $7-8,000,000 in after-tax “Income” into Tax Free Investments! Even Bill Clinton didn’t make this crazy amount of money off his overadvanced Tomb. B.O. HUSSEIN appears to have learned well from His Mentor, TONY REZKO who is safely locked away in a Federal Prison, safely out of “Harms Way” by his own request. We, the citizens of the Great United States deserve an Honest and Patriotic President as is George W. Bush, not a sleazy, smoothtalking, empty suited, con artist and Snake Oil Salesman. which B.O. HUSSEIN is more and more appearing to be. May GOD Bless America and may John McCain be Our Next President! AMEN!


22 posted on 06/09/2008 3:50:37 PM PDT by True Republican Patriot (God Bless America and The Republicans)
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To: CutePuppy

I guess he is taking his own advice and not pursuing that MIDDLECLASSNESS,He going right to the TOP!


31 posted on 06/10/2008 3:43:17 AM PDT by ballplayer
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To: CutePuppy

The rich are not Obama or his friends they are the MIDDLE CLASS, me and you that will bear the brunt of his socialist “Christmas is everyday for the lazy and disenfranchised” mentality. Who do you think is going to pay for all of his? certainly not his pals.


36 posted on 06/16/2008 2:50:21 PM PDT by ronnie raygun (IF YOU ARE NOT CONSERVATIVE BY 35 YOU HAVE NO BRAIN. W CHURCHILL)
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