Obama's "redistribution of wealth"

[iacas]

I will be glad at this time next week regardless of the winner.

[Sir Shanksalot]

Democratic president + Democratic congress = Out of control spending nightmare

FWIW, if the congress was republican I'd vote for the democrats

[EquipmentJunkie]

I will be glad at this time next week regardless of the winner.

I'll toast to that.

[st0wgolf08]

Democratic president + Democratic congress = Out of control spending nightmare

Yes I am legitimately scared about what could happen. By the end of his term, Bill gates will be living on the streets, and the guy in the shopping cart will own Microsoft.

[EquipmentJunkie]

Yes I am legitimately scared about what could happen. By the end of his term, Bill gates will be living on the streets, and the guy in the shopping cart will own Microsoft.

I think even you know how ignorant this hyperbole of an analogy sounds. You can't expect others who are on the fence about who to vote for to take you seriously if you use flippant allegory.

[st0wgolf08]

I think even you know how ignorant this hyperbole of an analogy sounds. You can't expect others who are on the fence about who to vote for to take you seriously if you use flippant allegory.

Well sorry, I'm just saying anyone not making close to minimum wage, will at some point be taxed quite a bit more to help pay for the poor. Notice how we go from 250k to 150k. You watch, soon it will be 100k. It will just keep going down, till half the population is "rich."

[Chilli Dipper]

Well sorry, I'm just saying anyone not making close to minimum wage, will at some point be taxed quite a bit more to help pay for the poor. Notice how we go from 250k to 150k. You watch, soon it will be 100k. It will just keep going down, till half the population is "rich."

And then when the panhandler becomes the richest man in America, he'll have every last cent wrung out of him to give to Warren Buffett, and the cycle will have come full circle.

[pjsnyc]

Well sorry, I'm just saying anyone not making close to minimum wage, will at some point be taxed quite a bit more to help pay for the poor. Notice how we go from 250k to 150k. You watch, soon it will be 100k. It will just keep going down, till half the population is "rich."

The Biden 150k statement was most likely a slip-up...but the 200k part - I don't understand the misunderstanding. Wasn't it always 250k for families and 200k for individuals?

[pjsnyc]

I will be glad at this time next week regardless of the winner.

Not to incite a riot or anything

, but I have a feeling these debates won't stop (even after a winner is announced) until Tiger starts swinging a club again.

[Chilli Dipper]

The Biden 150k statement was most likely a slip-up...but the 200k part - I don't understand the misunderstanding. Wasn't it always 250k for families and 200k for individuals?

Under $200,000 = tax cut

$200,000-250,000 = no change Over $250,000 = tax increase (i.e. expiration of the Bush cuts)

[zeg]

Hoho! But there it is, notice how anytime Biden fumbles his words only 1 news station airs it, but when Palin buys some new clothes, that's on all of them.

The story was not that Palin spent $150k on clothes, the story was that $150k in campaign contributions may have been inappropriately spent on personal clothing instead of on the campaign. Without taking sides about the issue, it was a more substantive question than a speaking trip-up. Hell, misspeaking shouldn't even be brought up in serious political reporting, be the speaker Republican or Democrat.

[Smallville]

The Biden 150k statement was most likely a slip-up...but the 200k part - I don't understand the misunderstanding. Wasn't it always 250k for families and 200k for individuals?

Ugh ...

Anyone else noticing how the Obama "Rich" has gone from $250,000, to last night's infomercial of $200,000 to Joe Biden's $150,000. I'm getting richer by the moment, and Obama's not even been elected yet... jmoc

I just watched Obama's long commercial - - it says in the lower right coner, "Families making less than $200,000. So I stand by my earlier post of Obama lowering his figures. It's going down. And IMO it's still going to go a lot further down. Watch it sometime. It's on several times in the evenings. And don't tell me I don't know what I'm talking about. I know what I saw. I tried to find it on YouTube but it's not there yet. Maybe tomorrow.

[Cizzle]

I just watched Obama's long commercial - - it says in the lower right coner, "Families making less than $200,000. So I stand by my earlier post of Obama lowering his figures. It's going down. And IMO it's still going to go a lot further down.

--It's at 4:55 It's funny how very few people actually pay attention though. Kind of sad. Politics is just manipulating the dumb. Let's raise minimum wage so you can get more money!.. Except that only makes businesses raise prices, so it just creates inflation I'm with iacas though, can not wait until all of this ends. Don't know if it will be until January 20th though. God, can not imagine what it will be like on MNF with Berman interviewing Obama and McCain. Berman : So Obama, your tax cuts for the rich is going back, back, back, back, GONE!

[EquipmentJunkie]

You guys do know there is a socialist party right and they do have their own candidate?

http://news.aol.com/political-machin...290x1200758828

[immts007]

I just watched Obama's long commercial - - it says in the lower right coner, "Families making less than $200,000. So I stand by my earlier post of Obama lowering his figures. It's going down. And IMO it's still going to go a lot further down.

Smallville, it's the same as its been. Look, go download the pdf of the tax plan and read it.

Families making $200k and under will see a tax cut Families making up to $250k will see their taxes remain the same Here it is: directly from the pdf from the website where it hasn't changed that I'm aware of: •Middle class families will see their taxes cut – and no family making less than $250,000 will see their taxes increase. The typical middle class family will receive well over $1,000 in tax relief under the Obama plan, and will pay tax rates that are 20% lower than they faced under President Reagan. According to the Tax Policy Center, the Obama plan provides three times as much tax relief for middle class families as the McCain plan. Indeed, according to the National Review, McCain’s plan “offers very little in the way of direct benefits to Americans in the middle of the income scale.” • Families making more than $250,000 will pay either the same or lower tax rates than they paid in the 1990s. Obama will ask the wealthiest 2% of families to give back a portion of the taxes they have received over the past eight years to ensure we are restoring fairness and returning to fiscal responsibility. But no family will pay higher tax rates than they would have paid in the 1990s. In fact, dividend rates would be 39 percent lower than what President Bush proposed in his 2001 tax cut. • Obama’s plan will cut taxes overall, reducing revenues to below the levels that prevailed under Ronald Reagan (less than 18.2 percent of GDP).iii The Obama tax plan is a net tax cut – his tax relief for middle class families is larger than the revenue raised by his tax changes for families over $250,000. Coupled with his commitment to cut unnecessary spending, Obama will pay for this tax relief while bringing down the budget deficit.

[ganjagolfer]

Let's raise minimum wage so you can get more money!.. Except that only makes businesses raise prices, so it just creates inflation

have the executives lower their salary from 40 million to 4 million. who do they think they are, hollywood actors?

[pjsnyc]

Smallville, it's the same as its been. Look, go download the pdf of the tax plan and read it.

Whoopsie...what he said

[st0wgolf08]

I agree will Smallville, it has decreased, no matter what you say. You say it's for families. The question was asked at what level are the "rich" going to be taxed. The answer was 200k. There were no butt-ins for singles or anything like that.