Hold on to your wallets

[MrLabGuy]

Here is the future of taxes is a Democrat is elected as President in 08.

Representative Rangel is looking to swap the AMT for a new tax targeted exclusively at the highest-income payers. One often-mentioned idea, proposed by Leonard Burman, director of the Urban Institute’s Tax Policy Center, would impose a 4 percent surcharge on unmarried taxpayers making more than $100,000 a year and couples making more than $200,000.

Some of you might think that a $100,000 single income and $200,000 family income equates to being "Rich". Reality is, that definition would depend on where you reside. $100,000 goes a long way in Oklahoma or Arkansas; however, if you live in Manhattan, or the Bay Area you would be a couple hundred grand short of "Rich".

The Democrat's tax plans does not consider the cost of living or the tax implications of each State. California has some of the highest State taxes in the Nation.

[MrLabGuy]

Here is the future of taxes IF a Democrat is elected as President in 08.

Stupid edit feature takes me to the home page.

[Quicksilver]

Happens to me as well.

Originally Posted by MrLabGuy

Stupid edit feature takes me to the home page.

[Wagner]

Wonderful philosophy for a capitalist society...make more and we charge you more. I can already see rich gay people saying "I can't get out of the tax..."

[blondboinsd]

Originally Posted by Wagner

Wonderful philosophy for a capitalist society...make more and we charge you more. I can already see rich gay people saying "I can't get out of the tax..."

Um Why are gay people relevant PLEASE explain this

[Wagner]

Originally Posted by blondboinsd

Um Why are gay people relevant PLEASE explain this

Read the post following yours, try to understand the topic and not personalize this issue as if I were bashing YOU.

If gay marriage isn't legal, and the only way to avoid the extra tax is marriage, then any gay person falling in the income bracket could NEVER become exempt to the tax.

Of course if being gay is not relevant, fine...don't cry to the government when you can't avoid the tax.

[blondboinsd]

Originally Posted by Wagner

Read the post following yours, try to understand the topic and not personalize this issue as if I were bashing YOU.

If gay marriage isn't legal, and the only way to avoid the extra tax is marriage, then any gay person falling in the income bracket could NEVER become exempt to the tax.

Of course if being gay is not relevant, fine...don't cry to the government when you can't avoid the tax.

Good Clarification

but yes, it is a biased tax and shouldn't be allowed, they should offer a provision for domestic partners etc

But I think whoever steps into office has alot of cleaning up to do from the F*ck up currently in charge, they need to end the war, stop bleeding out money and try and get out from under the mountain of debt, If a Red or Blue could do that, I'd vote for them

[alpac]

Well may be I should revise my strategy for my divorce and let my wife gets everything that she is asking for then ... which is just crazy . That may get me just below the limit

[rebound]

Originally Posted by MrLabGuy

Here is the future of taxes is a Democrat is elected as President in 08.

Representative Rangel is looking to swap the AMT for a new tax targeted exclusively at the highest-income payers. One often-mentioned idea, proposed by Leonard Burman, director of the Urban Institute’s Tax Policy Center, would impose a 4 percent surcharge on unmarried taxpayers making more than $100,000 a year and couples making more than $200,000.

Some of you might think that a $100,000 single income and $200,000 family income equates to being "Rich". Reality is, that definition would depend on where you reside. $100,000 goes a long way in Oklahoma or Arkansas; however, if you live in Manhattan, or the Bay Area you would be a couple hundred grand short of "Rich".

The Democrat's tax plans does not consider the cost of living or the tax implications of each State. California has some of the highest State taxes in the Nation.

Never mind that the top 5% of all taxpayers already pays 60% of all income taxes, while only earning 35% of total AGI. Let's heap a little more on. Link

"The mule is pulling a large load - let's make the load bigger! Surely it can haul it!"

Morons. Let's punish success.

[CGSTL]

How about stop giving away free food, free housing, and free medical care to people who have heat/AC and cable TV! The Dem's line for povery would make a couple growing up in the 40's and 50's feel middle class. But then again, the more you can give away, the more votes you get, and the longer you stay in power...

Instead of a poll tax we need to have a verification of contribution policy... If you contribute equal or more to society than you take, then you can vote on how it's to be run.

How about this for shame: There are people in my own family tree, several branches away, who sit on their front porch in a rocking chair all day drinking beer and waiting for their government checks to come in. Yup, and their 24 year old daughter is about to have her 4th child out of wedlock and she has no job. We work our asses off for those types of people, according to the Democrats.

Originally Posted by rebound

Morons. Let's punish success.