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Originally posted by maybereal11
Originally posted by sos37
Clearly, the middle class is the one left out by health care legislation and taxed again and again and again.
[edit on 29-3-2010 by sos37]
Originally posted by sos37
But thank you for not commenting on the rest of my post. If this is the only thing you could find to complain about then I'm doing very well.
[edit on 29-3-2010 by sos37]
Originally posted by OutKast Searcher
reply to post by SirPsychoSexy
Ask any "real" black person who knows anything about politics, and they will tell you that republican is the real way to vote.
WTF is a "real" black person???
And people wonder why some people say that "some" opposition to Obama is racism.
Originally posted by GradyPhilpott
There are two facts that should be borne in mind.
1. White men are the only group in history to have voluntarily released their grip on power.
2. Historically, there has never been a more effective force of political and military might as that has been brought to bear by white males.
Silly little cliches and barbs will be useless when a sleeping giant is awakened.
Originally posted by maybereal11
Originally posted by sos37
Clearly, the middle class is the one left out by health care legislation and taxed again and again and again.
[edit on 29-3-2010 by sos37]
Please...with specifics...explain to me how the middle class is excluded from healthcare legislation.
also please explain how President Obama's policies increase taxes for the middle-class.
Consider, then, the figure below constructed for a two-earner family with two school-age children, one of whom is in college.
The solid line shows the Effective Marginal Tax Rates (EMTR) based on income tax law prior to the health-care bill (it excludes the impact of the payroll taxes). The dashed line displays the damaging increases in the EMTR assuming the health insurance premium subsidies contained in the Senate health-care bill and insurance cost estimates provided by the Kaiser Family Foundation. As a family's income rises above 133% of poverty, Medicaid eligibility will be eliminated but a family that does not receive health insurance from their employer will receive a subsidy to purchase health insurance in the "exchange." In turn, however, as their efforts yield higher income, subsidies are clawed back or effectively taxed away
According to the Congressional Budget Office, about 20 million people would receive a subsidy to purchase insurance through an exchange and thus face a higher EMTR.
How can a family be expected to get ahead when taking an extra shift, finding a way for a second parent to work, or investing in night school courses to qualify for a raise means handing the government as much as 41% of the additional income earned?
The return of the inflation tax demonstrates once again the stealth radicalism that animates ObamaCare. In the case of inflation indexing, Democrats would repeal a 30-year bipartisan consensus that it is unfair to tax unreal gains in income, thus hitting millions of middle-class Americans over time with tax rates advertised as only hitting "the rich."
I am asking kindly...please no long winded, disparate, vitriol filled rants. Just back your statements up with facts not opinion.
Originally posted by sos37
[edit on 29-3-2010 by sos37]
[edit on 29-3-2010 by sos37]
[edit on 29-3-2010 by sos37]
The return of the inflation tax demonstrates once again the stealth radicalism that animates ObamaCare. In the case of inflation indexing, Democrats would repeal a 30-year bipartisan consensus that it is unfair to tax unreal gains in income, thus hitting millions of middle-class Americans over time with tax rates advertised as only hitting "the rich."
Originally posted by sos37
reply to post by plumranch
The problem I have with that though is Reagan is revered by many as one of the greatest presidents in U.S. history. If Obama could fix the damage done by Bush and the previous Democratic Congress then he could also be revered as an equally great president.
If history had taken a different course, Doug Holtz-Eakin would be inside the McCain White House driving the Republican president's domestic agenda, including health-care reform. But now, one year after Sen. John McCain (R-Ariz.) lost the presidential election, the man who was by McCain's side as the campaign's top health-care guru remains unemployed -- and his COBRA health coverage is running out.
Irony of ironies, it gets worse. Holtz-Eakin, who is about to start shopping for insurance on the individual market, is 51. And he has one of those pesky "preexisting conditions" that insurance companies often cite in denying coverage.
"A right renal autotransplant," he said, pointing to his abdomen as he described the 1990 transplant surgery he went through after one of his kidneys was damaged in an accident. "They got rid of the artery, moved my kidney and rebuilt me for the 21st century. If you look at my file, any insurance company would go, 'Hmm . . .' "
The current law policies show that there are already some lower income families facing EMTRs above those in the middle class.
....
Every "phase-out" of a tax credit or subsidy program is an EMTR in disguise..
...
This year marks a crucial time in the future of tax policy. The tax laws enacted in 2001 and 2003 will sunset, along with the recent tax credits included in the so-called stimulus bill.
I elected him. I think I'll keep him.
Sit down and shut up.
America - Love it or leave it!
Barack the Vote!
Let's get this (democratic) Party Started!
I'm keeping the health care. Die if you want to.
Me and my 45 stand by the President. I pity the fool who comes between us.
Originally posted by sos37
However, that subsidy also counts as INCOME
Originally posted by Sestias
Originally posted by sos37
reply to post by plumranch
The problem I have with that though is Reagan is revered by many as one of the greatest presidents in U.S. history. If Obama could fix the damage done by Bush and the previous Democratic Congress then he could also be revered as an equally great president.
Reagan was responsible for huge tax cuts for the rich, funded, of course, by the federal government. He made the rich richer. The middle class, in the meantime, was in decline and wages remained stagnant. If you're looking at him through the eyes of the most privileged class, he was a great president. He didn't do anything for me.
The recession that Jimmy Carter had to deal with was the aftermath of the ending of the Vietnam War. It would have happened to any president who was in office then.
I personally am glad President Obama is not like Ronald Reagan.
Originally posted by jkm1864
Capital gains taxes were 10% under Bush but during the state of the union adress Obama said He was going to lower it to 0%...
So who does Obama really love the middle class whom pay all the taxes or the rich that pay 0% in taxes.
In addition, the long-term capital gains tax rate would increase to 20%, up from 15% currently.
Reagan was responsible for huge tax cuts for the rich, funded, of course, by the federal government. He made the rich richer. The middle class, in the meantime, was in decline and wages remained stagnant.
the Economic Recovery Tax Act (ERTA) of 1981, the Reagan tax cuts. The core of this proposal was a version of the Kemp-Roth bill providing a 25 percent across-the-board cut in personal marginal tax rates. By reducing marginal tax rates and improving economic incentives, ERTA would increase the flow of resources into production, boosting economic growth. Opponents used static revenue projections to argue that ERTA would be a giveaway to the rich because their tax payments would fall.
The criticism that the tax payments of the rich would fall under ERTA was based on a static conception of human behavior. As a 1982 JEC study pointed out,[1] similar across-the-board tax cuts had been implemented in the 1920s as the Mellon tax cuts, and in the 1960s as the Kennedy tax cuts. In both cases the reduction of high marginal tax rates actually increased tax payments by "the rich," also increasing their share of total individual income taxes paid. Unfortunately, estimates of ERTA by the Democrat-controlled CBO continued to show falling tax payment by upper income taxpayers, even after actual IRS data had become available showing a surge of income tax payments by affluent taxpayers.
Given the current interest in tax reform and tax relief, a review of the effects of the Reagan tax cuts on taxpayer behavior and tax burden provides useful information. During the 1980s ERTA had reduced personal tax rates by about 25 percent, while the Tax Reform Act of 1986 chopped them yet again.
By reducing marginal tax rates and improving economic incentives, ERTA would increase the flow of resources into production, boosting economic growth.