And to think... this idiot Menendez is an elected official

Bottom line: Top tax rate currently = 35% for those earning $358,000/yr

Obama will raise it to 39%, where it was under Clinton..using the added revenue to offset tax cuts for the remaining 95% of Americans who earn less than $250k.

Obama has never claimed the top rate would be 28% where it was under Reagan, so Cavuto didn't Pwn anything. End of story.

Fixed News...as a source??


rlly?

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quote:

Originally posted by Capitalizt Bottom line: Top tax rate currently = 35% for those earning $358,000/yr Obama will raise it to 39%, where it was under Clinton..using the added revenue to offset tax cuts for the remaining 95% of Americans who earn less than $250k. Obama has never claimed the top rate would be 28% where it was under Reagan, so Cavuto didn't Pwn anything. End of story.

that senator couldn't differentiate between capital gains and income tax discussion. he was totally not prepared for the interview and looked a fool.

In case you didn't notice, that $250K rate isn't so sturdy... they've been saying $200K, $150K, and $120K recently. How low will it go?

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Originally posted by The17sss that senator couldn't differentiate between capital gains and income tax discussion. he was totally not prepared for the interview and looked a fool. In case you didn't notice, that $250K rate isn't so sturdy... they've been saying $200K, $150K, and $120K recently. How low will it go?

120K is just fine with me.

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quote:

Originally posted by The17sss In case you didn't notice, that $250K rate isn't so sturdy... they've been saying $200K, $150K, and $120K recently. How low will it go?

Who is "they?" The Obama campaign came out and quickly said that Richardson's $120K was not accurate.

You people are so pathetic in your need to focus on every little miscue that doesn't come straight from the campaign as though it's official Obama policy.

And to be honest, I'll be breaking Richardson's threshold and I don't really care if that ends up being the figure at some point during Obama's Presidency. After the disastrous financial mismanagement of the past 8 years, after this recession ends and growth has take off, Obama had better raise some tax levels to start paying the immense debt that the Iraq War and other things has created. To be honest, we should have been taxing more in 2004-2006, rather than encouraging Americans to shop.

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quote:

Originally posted by Capitalizt Bottom line: Top tax rate currently = 35% for those earning $358,000/yr Obama will raise it to 39%, where it was under Clinton..using the added revenue to offset tax cuts for the remaining 95% of Americans who earn less than $250k. Obama has never claimed the top rate would be 28% where it was under Reagan, so Cavuto didn't Pwn anything. End of story.

to be more precise, obama isn't going to raise anything; he wants to allow the bush cuts to expire.

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Originally posted by Groundhog Boy Who is "they?" The Obama campaign came out and quickly said that Richardson's $120K was not accurate. You people are so pathetic in your need to focus on every little miscue that doesn't come straight from the campaign as though it's official Obama policy. And to be honest, I'll be breaking Richardson's threshold and I don't really care if that ends up being the figure at some point during Obama's Presidency. After the disastrous financial mismanagement of the past 8 years, after this recession ends and growth has take off, Obama had better raise some tax levels to start paying the immense debt that the Iraq War and other things has created. To be honest, we should have been taxing more in 2004-2006, rather than encouraging Americans to shop.

as long as the plan is to allow the bush cuts to expire i suport the measure. i'm not for introducing an actual change to the tax code that raises taxes.

but to agree with you, i'm actually in front of the richardson threshold, and i wouldn't care about increasing taxes as long as it is a shared burden (especially considering the budget was destroyed by people in red states with significantly less income than myself who voted for bush).

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Originally posted by Zild 120K is just fine with me.

Hell even $75K would be fine with me.

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Originally posted by jerZ07002 to be more precise, obama isn't going to raise anything; he wants to allow the bush cuts to expire.

which essentially is a tax increase, because for all practical purposes, you will have less disposable income once that takes effect.

He is going to raise plenty... 35% up to 39.6% equals an additional $9000 for a family making $250K. Wouldn't that family be better off deciding where that goes, say, to their kids college funds or something?

And doubling the capital gains tax is raising something too.

no shit an Obama campaign office

quote:

Originally posted by The17sss which essentially is a tax increase, because for all practical purposes, you will have less disposable income once that takes effect. He is going to raise plenty... 35% up to 39.6% equals an additional $9000 for a family making $250K. Wouldn't that family be better off deciding where that goes, say, to their kids college funds or something? And doubling the capital gains tax is raising something too.

Taxes won't go up for households making $250,000 - only those over $638,000.

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