The change chump who changes as often his popularity polls?
But he doesn't offer any pocket change to his favorite half-Auntie or half-Uncle or his long lost half-Brother, does he?
Posted on 11/03/2008 10:50:10 AM PST by kristinn
Barack Obama gave an interview to MTV on Saturday in Nevada that aired this morning. Host 'Sway' posed questions e-mailed by MTV viewers. One questioner asked about Obama's 'spread the wealth' tax plan. After Obama gave his usual bamboozle, Sway asked a follow-up on the matter:
Sway: Just out of curiosity, for those that are being taxed that are making more than $250,000 a year, how much difference would it be from how they are being taxed today?
Obama: Well, right now, they are getting taxed at 36 percent. Under Bill Clinton in the 1990s, they were being taxed at 39.6 percent. You are talking about a 3.6 percent difference, and for the average person who is making half a million, a million dollars, now people like you Sway, that's chump change, that's nothing. But it could make a big difference for that young person who is trying to figure out whether they can go to college or not, if we could give them more of a break or more scholarships or grants to go to college.
Sway: For the record, I don't make that kind of money, so I am going to go ahead and say that.....
Sway: Our next question is from Matt from Iowa: "If your desire is to spread the wealth around, what incentive is there for me to try to work hard? If I am only going to get more taken away from me, the more money I make, why wouldn't I just slide into a life of relaxation and let rich people take care of me? And a lot of people are asking similar questions, and I wanted you to specify. What does this mean exactly?"
Obama: What is amazing to me is this whole notion that somehow everybody is just looking out for themselves. I mean, the fact is, we just talked about student loans. When young people who have the drive and the skill to go to college can't afford to go to college, how do you think we pay for scholarships or loan programs? That money doesn't grow on trees. It's got to come from somewhere, and the attitude that I have is that, if we want to grow our economy, the way it grows is from the bottom up. You don't just give tax breaks to millionaires and billionaires. What you do is make sure the tax code is fair. I want to give a tax cut to 95 percent of working Americans, but in order to pay for that, I'm going to take the tax rates back to what they were in the 1990s for people who are making more than a quarter of a million dollars a year.
According to this site, single filers pay 33% at $164,550. The top rate of 35% kicks in at $357,700.
So the person at the magic $250K threshold is paying 33%. Can someone confirm?
LOLOLOL, I know what you mean. With Bill we could laugh about cigars and blue dresses. He lied, that was true, and he was impeached. No one wanted another Clinton and their frauds in the WH. But, this Obama guy is beyond deplorable. Without all the illegal contributions behind him that have bought his supporters and the press, there is a man who is just simply a non-achiever.
Obama was a lazy druggie who has a mysterious past, did nothing of merit in college, had two small, unimpressive jobs, and did nothing of notable record as a Senator. If elected president, it will be the longest time he will even have held a job. He is a flash in the pan and a con artist we know. Like all con-artists, he knows how to talk the talk. That is how they all bamboozle people.
We all know why and how he even got elected to the Senate, he was a useful tool for people of more power. They are the Gepettos who pull Pinocchio's (Obama's) strings. And it is Obama's nose that just gets longer with the lies.
With Bill Clinton, at least we could have fun (at times) debunking him, and the same with Hillary. In spite of all they were and stood for, I think they had some sense of decorum. Obama is rude, arrogant, evasive, obstinate, low-class and just increases my blood pressure and my anger at how he has hoodwinked this country and flaunted and our laws and our rights.
I am disabled, waiting in long lines tomorrow will be a real hardship for me. I probably should have made other arrangements. But I will be there, no matter what I have to endure. And, where I vote, I won't be a majority race. I just hope there are no problems in the voting lines.
All of this brought on by a man who has claimed that he is a "Uniter!" It is sickening.
People who have drive and skill to go to college ...? Are we sure of that?
Do you improve a an person’s drive to achieve something by handing it to them for free? Closely associated with drive is skill. Why should a person improve their skills if things are handed to them with no skill required? Kids don’t need for life to be made easier for them.
Chump Change is what Mr. and Mrs. “PLUGS” BIDEN gave to CHARITY over a TEN YEAR PERIOD!!! A GRAND TOTAL OF $ 3,500!!
THATS DISGUSTING!! THATS DEMENTED!! AND THE RATS HAVE THE GUTS TO SAY OTHERS RE SHELLFISH!
An increase from 36% to 39.6% is a 10% increase (it is a 3.6 percentage point increase).
The Top 5% pay 40% of the tax burden now and assuming Obama goes through with tax increases as promised, the top 5% will pay almost 50% of tax burden.
The top 5% pay $88,000 per year instead of $80,000. The bottom 48% (up from the bottom 40% who don’t pay taxes now) will get $1,000 from the government.
Obama will argue that these people already pay payroll taxes for entitlements (i.e. Social Security) and they are only getting 6% back per dollar earned. Okay, then aren’t you dipping into the Social Security Lock Box, Barack?
I could just see Barack saying, “But, But, But...” If only we had a competent unbiased media to some real investigative reporting. To think that my Local News does a better job of digging into a story (mostly on fluffy pieces, but sometimes they are good pieces of investigative work — hey, they’re local) than the national guys that are supposed to be getting their guys up from the ranks.
No, my experience is people who have to pay their way work harder to succeed than people who have it handed to them on a silver platter... I have never felt I was owed anything in life I was not willing to work my rear off to achieve and frankly I resent people who sit back with their hands out and think we owe them.
And that’s before self employment tax, sales taxes, self-employment Medicare taxes, excise taxes... The state and Federal tax on the productive is around 50%. My predictions: Next, you’ll see more attention given to wealth. First target: complicate access to IRAs and pension plan funds. Maybe toss in an excise tax. Long-term target: a wealth tax to supplement the income tax, or alternatively, a VAT, which taxes everything at every step in the production chain.
That chump is going to make a lot of changes. None for the better.
it really is chump change. remember, Obama is all about change. What do you think the real tax increase will be after the election?
“But it could make a big difference for that young person who is trying to figure out whether they can go to college or not, if we could give them more of a break or more scholarships or grants to go to college.”
No it won’t because
1) higher taxes result in lower revenues
2) our student aid program only increases the cost of tuition.
http://www.cato.org/pub_display.php?pub_id=3344
bump
I hate to be ignorant, but doesn’t Congress have to pass any of Obama’s ideas? If that is the case we had better hit every R on the ballot.
70% tax brackets are coming back in style.
Its chump change. Its nothing!
I can’t wait!
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