Pray for a ballot box coup in '10 against BaCock and his dimwitted dems.
To Dems, six figure income means that the victim is making more than $45,000 a year. Apparently they’re counting the comma.
$9,999.99 could be 6 figures too, depending on your definition of “Change”.
The eliminated deductions add at least 2% on to the stated tax hikes.
And my instinct and brain tell me that the $250,000 bench mark WILL be lowered.
Leftist lunacy....
Obama allows the 2003 tax cuts to expire so that the federal income tax rates go back to the year 2000 income tax rates. Low income, middle income, and high income all have their taxes raised.
Then Obama raises the taxes of those making $250K or more. Now they get their taxes raised for a second time.
Don’t you know he works for the “American people” and not the “special interests” and the “powerful lobbyists?”
That’s today’s meme/strawman, anyways.
We’re all lobbyists now!
The article is a crock.
Babmi is a disaster for EVERYONE. In 92, Clinton put a huge tax on yachts thinking the rich would have to pay more.
Well, surprise, surprsie, the rich just stopped buying yachts and all the little people that made them lost EVERYTHING.
Rats never learn, the minor recession will be more prolonged and deeper because they can not give people incentives to work and produce.
http://www.weeklystandard.com/Content/Public/Articles/000/000/016/215bpfvr.asp
When Barack Obama met with TV anchors at a White House lunch last week, he assured them he likes being president. “And it turns out I’m very good at it,” he added.
Sticking a big ol’ fork right into his biggest donors...
They won’t soon forget...
In six months you will have trouble finding anyone who actually works for a living who will admit they voted for Obama, except for blacks, those employed in the government, academia or the media, and some union people.
70% seems to be a magic number.
While I’m glad to see CNN having an inkling of “getting it”, I find it laughable that they think people with an income of $250-500K have trouble saving up a couple of million for retirement. Many Americans had been saving up for college and retirement on far, far lower incomes - at least until their savings were pummeled by the Obama market crash. We’re all going to pay through the nose if Zero’s plans for us aren’t stopped.
I'm guessing over 50%, maybe 60%??
A lot of doom and gloom here at FR and maybe that is being realistic or pragmatic, but the true measuring stick will be the 2010 election; if there will be an uprising or possibly wide scale Chicagoland style voter fraud.
If the voting booth is taken away from us what will Americans do??
I hope all the “rich” people who voted for Hussein lose their shirts. If we go down, so do they, and yes, I will be happy to watch.
I call them HEN DOPES...
High Earners Now Dumping Obama’s Plan (of) European Socialism
This was already known and losers like George Lucas are just revealing what hypocrites they are when they realize that they willl have their pocket book affected.
You can’t steal money from those that create the jobs in the first place and then expect the economy to recover.
Obama knows this.
His plan is to make as many people dependent on government as possible. This is necessary to maintain control FOREVER!
It’s the death knell for charities. The higher tax rates take a bigger bite from disposable income. Then, the elimination of the deductability of charitable contributions takes another bite, a big bite. Next, people will swant to save more given their nervousness about their own jobs. Finally, the coming rampant inflation will crimp spending power.
If we are going to have a AMT, it should be worded so that everyone, regardless of tax bracket, pays a minimum amount say 8%.
Which is all fine except the economy is in the toilet now. DUH~