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866 Comments
- beprogressive, on 02/26/2009, -54/+241Raise your hand if you make over a $250,000 a year!
Oh, wait, no one? Then STFU and quit whining, he just lowered your taxes.
Idiots. - zeitgueist, on 02/26/2009, -50/+169The greatest trick the GOP ever pulled was convincing poor/middle class people that tax breaks for the rich benefit them, despite all evidence to the contrary.
It's like they said "let them eat cake" and the people are going "please fart on it first i love this *****" - Falldog, on 02/26/2009, -43/+160I don't mind taxes if the money is used responsibly. Paying off national debt, rebuilding national infrastructure, improving heath conditions across the country, all of those benefit me.
- 80hd, on 02/26/2009, -31/+108Why do people miss the point that the vast majority of them will actually see tax cuts?!
Yes he is raising taxes but unless you are one of the lucky few who clears a quarter million, you will only get to keep more of what you earn.
and that's bad?! - Anzat, on 02/26/2009, -49/+101A) This is over 10 years, so it's $200 billion per year.
B) It only affects people making over $250,000/year. That isn't most of you.
Stop bitching, you stupid useless conservatives. - Renfamous, on 02/26/2009, -40/+89A massive amount of his revenue from business taxes is focused on the oil industry.."$5.3 billion - excise tax on Gulf of Mexico oil and gas, $3.4 billion - repeal expensing of tangible drilling costs" etc. Wouldn't it make more sense to have a secure and wide-spread alternative energy plan that all Americans can benefit from before we drive the cost of oil up to $200/bbl? He seems to think that cutting people off will inspire some kind of innovation when in reality it will probably just punish the consumer when the companies pass on their expenses.
It looks to me like Obama plans to tax the oil industry into high prices, then re-enact the windfall profits tax and take from them again. It'll raise a lot a revenue, but at what cost? Not everyone can afford a $50,000 electric car. - 2res, on 02/26/2009, -20/+61We all feel so sorry for hedge fund managers getting their tax rate raised from 15% to 36% like the rest of us.
- inactive, on 02/26/2009, -18/+57Here in Canada, you pay
-52% income tax (provincial and federal)
-5% (RRQ)
-4% (Parental insurance, some other crap, unemployement *****)
-15% sales taxes
Add-in insurance, retirement funds and you got an idea how bad we get raped. People with 100,000$ are often left with 30,000$ "real" money. - zeitgueist, on 02/26/2009, -19/+58So the middle class is lazy and unproductive?
I don't think you realize what you've said. - inactive, on 02/26/2009, -14/+48You'll get buried because most people here THINK they will win 250,000$ someday.
Here in Canada our tax rate is 52% + 5% +4%.
Oh, and +15% on EVERY ***** THING YOU BUY
STFU - dukendozer, on 02/26/2009, -58/+91Ouch...that's some hefty sticker shock.
- 80hd, on 02/26/2009, -18/+49oh no the super wealthy will only be really really wealthy!
Are you really arguing that people who make millions deserve more tax breaks than middle class families that live on 40-90k per year?
WTF people slam Obama for being elitist and then for trying to make sure the middle class doesn't disappear. The gap between people who have more money than they know what to do with and those who work their hands off for mediocrity is wider than ever and you think that's good? - MangalaIII, on 02/26/2009, -29/+58Yea but you're forgetting it's taxes on the rich, so finally they can either start paying for our healthcare or move to Dubai. Their choice.
- griz, on 02/26/2009, -17/+46And exactly how many of you own your own businesses or individually make more than $250,000 a year?
Complain Complain, people need to start realizing that you don't pay the costs of running a country by cutting taxes. Did you happen to read the part about reducing the deficit? Of course not, because it wasn't in there or perhaps it was obscured by the sensationalist headline.
There are always 2 sides to every journalists mouth. - Lawlmuffin, on 02/26/2009, -23/+47Title and description are misleading, this is for everyone making over $250,000.
You can all calm down now. - MWeather, on 02/26/2009, -14/+38You mean multi-millionaires will have to pay more than 35%? The horror!
Here's a compromise, no more corporate bailouts, no increase in taxes for the rich. Deal? - angusm, on 02/26/2009, -20/+43Obama's collecting funds to cover the check that Bush wrote ... and the conservatives are getting cranky. Go figure.
- xclapcorex, on 02/26/2009, -13/+36...individuals that make over 240K a year.
"we don't want someone smarter than us running our country; but we want everyone making more money than us to pay the government less."
populist or elitest, make up your mind. - rusty123jimi, on 02/26/2009, -20/+43People need to calm the heck down. These "new" taxes are being called upon the WEALTHIER 5% of population. 95% of us are getting tax reductions...look into your facts people.President Obama is doing a good job in my opinion...we have been dealt a crappy economy and he has to clean it up. Things don't change over night...most of what he is trying to do will improve America in the long run...that I'm confident in!
- inactive, on 02/26/2009, -10/+32Raise your hand if you earn less than 250k and created jobs.
- SirTwitchALot, on 02/26/2009, -8/+30Maybe I'm misunderstanding the article, but 1 trillion over 10 years seems like a disingenuous way to measure things. I might make a million dollars over 10 years, but I wouldn't call that making a million dollars.
- pookydirt, on 02/26/2009, -50/+70I'm certainly one rooting for hope and change...
Hope that his office will only be one term. Hope that this pain will stop spewing forth from Washington during that time. Hope that our country won't be so far gone down the crapper that the next two generations will still be trying to fix the plumbing.
and change from this current nightmare to something more American...
I just know I need to tirelessly root for the next four years... - inactive, on 02/26/2009, -13/+32That's what we're trying to avoid. You people let your nation fall irreversibly into the grasps of big government liberals. We don't want that to happen and we'll do everything we can to fight it.
- neeyo, on 02/26/2009, -19/+38I'm glad to see this being proposed. We spent and spent spent until we doubled the national debt in 8 years. Everyone in the so-called fiscally conservative party wanted to throw money out the window, but nobody wanted to pay for it. Now Obama suggests even starting to pay for it, and people go nuts. If you didn't want your taxes raised, you shouldn't have elected the government that has ALREADY spent that money.
- footodors, on 02/26/2009, -27/+45tax the rich, feed the poor;
til there are no rich, no more! - ftx437, on 02/26/2009, -10/+28why should they pay for your healthcare? it's your life you take responsibility for it
- 80hd, on 02/26/2009, -18/+36No
Are your taxes going up? I doubt that many people here clear even $200k
$11833 on average per American is VERY different from every American.
Why do fiscal conservatives scream about high taxes then run up massive debts and then go even crazier when the budget gap is tightened? - DrDash, on 02/26/2009, -6/+23You realize a lot of these taxes are not "new" just reversing what Former President Bush (and others) did... to help get us out of this hole.
$338 billion - Bush tax cuts expire
$17 billion - Reinstate Superfund taxes
$61 billion - repeal LIFO
$3.4 billion - repeal expensing of tangible drilling costs
$62 million - repeal deduction for tertiary injectants
$49 million - repeal passive loss exception for working interests in oil and natural gas properties
$13 billion - repeal manufacturing tax deduction for oil and natural gas companies - SpectralSounds, on 02/26/2009, -11/+28That's why I usually tune out the ignorant Republicans. They really don't have a clue what they are talking about. They just like to hear themselves whine.
- cardgame, on 02/26/2009, -4/+20@Kingatrock
1) Enact Fair tax Act.
2) Repeal the 16th amendment
3) Set spending caps on all agencys at 2002 levels. only can grown at 80% of inflation rate.
4) Pass a balance budget amendment
5) Throw ALL congressmen out and start over from scratch.
6) Eliminate the FED
7) Restore the Gold Standard (like the Digital Gold plan)
8) Turn Social Security into Personal Savings Accounts OFF BOOK!! Account are invested in limited funds and bonds considers AAA+ only. Portion of account reserved to buy long term disability insurance from commerical sources. Allow accounts to pass down to children.
9) Privatize Medicare. Government offers insurance to medical insurance companies to gaurantee coverage for all seniors. Government establishes minimum level of coverage plans must offer, current cost equal minimum coveratge. Allow free market to create plans at or above the minimum.
10) enact the Read the Bill Act. All bills must be on line for 72 hours before vote. Add amendment that requires all bill riders and earmarks to inlcude the name of the requetor in the bill where the earmark is located.
This is just off the top of my head. I could go on for hours.... - ghostoftomjoad, on 02/26/2009, -8/+24hey guess what! i can afford my own health care too! and my taxes are going up, probably more than yours. but you know what?
1) i dont want my medical decisions being made for me by an insurance bureaucracy that cares only about profit, especially since this systems costs more money per person than it would otherwise
2) i dont want to live in a country that has a bunch of homeless people and a bunch of rich people that didn't earn their money just because somewhere along the line private property became more important than children eating
an adult. you? no. your just a selfish prick. you have no conception of value that isn't about liquid capital. that makes u a pack rate, or a spoiled child, or a shallow materialist, but that doesnt make u an adult
its really time for u people to shut up. u had ur chance - Moonkeeper, on 02/26/2009, -6/+22Given the rate Dubai is building up, it would seem they are leaving....with their money.
- zeitgueist, on 02/26/2009, -11/+27He's raising taxes to Reagan levels, oh lordy, the whole country gonna explode!
- riflepoet, on 02/26/2009, -6/+22$210 billion - international enforcement, so how is that a new tax? Not being able to hide out from the IRS while overseas is what this sounds like.
- jsuther, on 02/26/2009, -3/+18Because the government is not America, the people are America. I don't have to love my government to love America.
- zeitgueist, on 02/26/2009, -35/+50Wow, you guys are just full of hyperbole. You realize just because you don't agree with the guy, doesn't mean he's ruining the country, right?
- lpmiller, on 02/26/2009, -13/+28Too bad there were no republicans in office the past 8 years to keep the budget under control!
- nicheplayer, on 02/26/2009, -9/+24I'm sure the naysayers are all full of better ideas. They always are.
- brickbat, on 02/26/2009, -4/+19Yeah, I've been there. You are sitting in your office and all of a sudden you think...We're making all this money. Lets just hire some new people. We don't need them. We are just being good corporate citizens and creating jobs.
Idiot.
Demand creates jobs. Whether its a one person business or a global corporation - the greater the demand for their products, the more people they need. - misterrock, on 02/26/2009, -18/+33i like how everyone in here bitching about it is damn near unaffected.
as much as you guys would like to think you are among the nations top 2% of income earners, you are not. shut the ***** up. - pookydirt, on 02/26/2009, -5/+19More American...
Meaning our founding fathers were not big government socialists... - zeth006, on 02/26/2009, -2/+16Quote:
"I found this deficit when I showed up."
-- Obama
Translation: He can't possibly make things worse and we've got to pay off some of our debt somehow.
Oh and sorry, but going to war with Iran, beating up detainees, and ranting on and on about how the Constitution "is just a piece of paper" isn't the way to do it. - masamunecyrus, on 02/26/2009, -0/+14Are you kidding me? All of the "progressive" European countries (Sweden, Norway, etc...) have nearly 70% in taxes with a 25%+ sales tax.
- SpectralSounds, on 02/26/2009, -2/+16Da Da Da! they can't afford to pay them, because the middle class is broke and not buying their products! Give us some tax breaks and we will have some money to spend on their cheap, over-priced products! This creates demand! Demand creates jobs!
How about you think before you speak. Okay? - inactive, on 02/26/2009, -7/+21"And exactly how many of you own your own businesses or individually make more than $250,000 a year?"
Here's a better question: Exactly how many of you shop at businesses that make more than $250,000 or are employed by someone who makes over $250,000?
Answer: Absolutely everyone. - Justin676, on 02/26/2009, -3/+16Or you could pay for your own healthcare, but wait, that just makes too much sense.
- tomasII, on 02/26/2009, -14/+27Carter tried that and it got us 22% inflation and a ruined economy. Does this President not know anything about history?
- Nadan10, on 02/26/2009, -7/+20Everybody freak out!
- SpectralSounds, on 02/26/2009, -12/+24So your plan is to give money to all of the corporations that are laying people off left and right, while running their businesses into the ground.
Yup, your plan sounds so much better. - LeftieLucy, on 02/26/2009, -2/+14Wrong.
http://www.cra-arc.gc.ca/tx/ndvdls/fq/txrts-eng.ht ...
2009 Canadian federal income tax:
15% on the first $38,832 of taxable income
22% on the next $38,832 of taxable income (on the portion of taxable income between $38,832 and $77,664)
26% on the next $48,600 of taxable income (on the portion of taxable income between $77,664 and $126,264)
29% of taxable income over $126,264
Ontario income tax (using the biggest province as an example)
6.05% on the first $36,848 of taxable income
9.15% on the next $36,850
11.16% on the amount over $73,698
So the most income tax Canadians pay is aboot 40%, and that only on the portion of their income that is over the minimum thresholds.
Which of course includes comprehensive healthcare, and a generally good social safety net.
Really, things are good here. -
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