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Originally posted by buddhasystem
maybe someone could lay off the $85 a bottle wine and make do with the $62 one to make sure Joe keeps his house.
Originally posted by buddhasystem
reply to post by TheRooster
You are just skimming the surface, unfortunately. In reality, if your take-home is quarter of a million bucks, you'll experience only a mild increase. And you are clearing 600 big ones, yes, that tax would probalby hurt.
Under his plan - which would be the largest tax hike in at least a decade - the 6.2 percent payroll tax would be applied to the entire income of workers making $250,000 or more a year. Currently, that rate applies only to the first $102,000 of income.
"That way, we can extend the promise of Social Security without shifting the burden onto seniors," he said yesterday. Social Security is slated for bankruptcy after years of the federal government raiding it.
A worker making $200,000 a year would pay no additional payroll taxes under Obama's plan. But anyone making $250,000 a year or more would pay 6.2 percent in payroll taxes on their entire income - not just on their first $102,000.
Though Obama's tax-hike plan is still vague, it appears the tax would apply also to employers who match workers' payments, amounting to another proposed tax increase on businesses
Originally posted by pieman
reply to post by TheRooster
i'm not sure that americans get a whole lot back for their taxes and they don't have the same glass ceilings and "old boys" systems in place, so i dunno if i'ld be as happy paying that rate of tax in the US.
Originally posted by TheRooster
And Buddah, you'd be surprised how many good wines are out there for under $20.
Originally posted by pieman
reply to post by TheRooster
so you think that the rich shouldn't be taxed because they have worked for a few years to get their businesses off the ground?
besides, having owned two businesses surely you're very aware that you're doing pretty damn well if you make enough to fall into obamas tax brackets owning a small business.
Originally posted by pieman
reply to post by nyk537
thats what percentage taxes do, that's their function!!
regardless, doesn't matter.
so are you saying it is a bad thing that obama wishes to make average americans richer instead of maintaining the present two tier system?
do you think that in america, at the moment, hard work = well paid?
Originally posted by paxnatus
OMG!!! Pieman how thick are you? Did you skip Rooster's post where he says
"the first 2-3 years you starve owning a small business?"