The Breaking Romney Story

[Danzig]

Originally Posted by Clip-Clop

Why do you think they put all the avoidance clauses in there?

been saying for some time that we need tax reform. but expecting congress to fix things would be akin to hiring wolves to guard the sheep.
all we need know comes from that study that came out a few months ago that showed that members of the govt are the ones who have profited during the downturn.

[Clip-Clop]

Originally Posted by Danzig

been saying for some time that we need tax reform. but expecting congress to fix things would be akin to hiring wolves to guard the sheep.
all we need know comes from that study that came out a few months ago that showed that members of the govt are the ones who have profited during the downturn.

Reformation of the tax code has to come first. Simple and clear that doesn't let so many completely off the hook. It is worth paying something to live here.

[Riot]

Originally Posted by Clip-Clop

Reformation of the tax code has to come first. Simple and clear that doesn't let so many completely off the hook. It is worth paying something to live here.

Obama is not renewing the Bush tax gift for income over $250,000. That is a loophole for the wealthy. Do you approve of closing it, or not?

[Clip-Clop]

Originally Posted by Riot

Obama is not renewing the Bush tax gift for income over $250,000. That is a loophole for the wealthy. Do you approve of closing it, or not?

250K is not wealthy. Make it an even buck and I am on board.

[Riot]

Originally Posted by Clip-Clop

250K is not wealthy. Make it an even buck and I am on board.

People who make $250,000 get the same tax breaks on their income as everyone else who makes less. The Dems want to renew that, the Republicans want to obstruct and raise those taxes.

We are discussing the extra tax break on income over $250,000. Do you think that gift, loophole, should continue, or be closed?

Reminder: we have a big debt, and that loophole has caused about 1/3 of it.

[Danzig]

Originally Posted by Clip-Clop

250K is not wealthy. Make it an even buck and I am on board.

no? 250k isn't gates/buffett wealthy, but it's wealthy nonetheless. compare it to the average wage in this country, or the median if you wish. besides, they don't pay that higher amount on the whole 250k. i'd love to have that problem....working on it!

[OldDog]

Biden made $379K last year, and he said he's middle-class.

So there you go.

[Riot]

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#RomneyPrisonNicknames

Good lord!

[Danzig]

Originally Posted by OldDog

Biden made $379K last year, and he said he's middle-class.

So there you go.

yeah, well, that's what you get when you ask joe biden about something.

[Clip-Clop]

Originally Posted by Danzig

no? 250k isn't gates/buffett wealthy, but it's wealthy nonetheless. compare it to the average wage in this country, or the median if you wish. besides, they don't pay that higher amount on the whole 250k. i'd love to have that problem....working on it!

Let's say you work in NYC, lots of people do that make over 250K. This family of 4 cannot afford to live in NYC so the move to Westchester, Rockland or NJ and commute. They also pay State (NY, NJ or both if you live in NJ) and NY city taxes on top of the highest federal tax rate. It costs anywhere from $350-$700 (that cannot be written off anymore) per month to take public transport from an outlying area to get to NYC. What are you left with? Middle class on a good day.
Wealthy is a lot more than 250K per year. If you live in Oklahoma, it is probably wealthy.

[Danzig]

Originally Posted by Clip-Clop

Let's say you work in NYC, lots of people do that make over 250K. This family of 4 cannot afford to live in NYC so the move to Westchester, Rockland or NJ and commute. They also pay State (NY, NJ or both if you live in NJ) and NY city taxes on top of the highest federal tax rate. It costs anywhere from $350-$700 (that cannot be written off anymore) per month to take public transport from an outlying area to get to NYC. What are you left with? Middle class on a good day.
Wealthy is a lot more than 250K per year. If you live in Oklahoma, it is probably wealthy.

and, yet another reason why using a national average can be difficult. in most parts of the country, 250k would be considered well above middle class. where i live, that wage would be in the very top of the top 1% of the state. but then, a few years back, if you made over 60k a year, you were in the top 2% of wage earners in arkansas. obviously nyc is an extreme, which is why i said consider median income...and there are a lot of people trying to get by in nyc with a lot less than the money you referenced.



edit~~ just visited slate to see if there was anything new, and saw this:


http://www.slate.com/blogs/moneybox/..._bay_area.html


at 2k a week, that's 104k per year. so, if that's the average for new york, one could safely assume that is the middle, right? which means 250k is far above that. perhaps upper middle class? or maybe lower upper class! at any rate, far above average.

[pointman]

Originally Posted by Clip-Clop

Let's say you work in NYC, lots of people do that make over 250K. This family of 4 cannot afford to live in NYC so the move to Westchester, Rockland or NJ and commute. They also pay State (NY, NJ or both if you live in NJ) and NY city taxes on top of the highest federal tax rate. It costs anywhere from $350-$700 (that cannot be written off anymore) per month to take public transport from an outlying area to get to NYC. What are you left with? Middle class on a good day.
Wealthy is a lot more than 250K per year. If you live in Oklahoma, it is probably wealthy.

I live in Manhattan and $250K a year is far from wealthy. The dolts don't get this.