200k now

[wxkid23]

200k now makes you rich I guess after watching Obama's pity show tonight. I thought it was 250k? Now its going lower. After the election it will be 0k IMO.

Maybe that first lady on there from KC shoulden't have 6 kids and she woulden't find herself in trouble looking for help. What a joke!!!!

[wu_shizzle]

Biden has been throwing around 150k the last few days...

[wxkid23]

Biden has been throwing around 150k the last few days...

I know he has... this actually showed up in text on Obama's show. Amazing how it's shrinking days before election day.

[Wuzee]

Biden has been throwing around 150k the last few days...

I know he has... this actually showed up in text on Obama's show. Amazing how it's shrinking days before election day.

I was confused for a minute, too. There has been no change. He was phrasing it two different ways ...

1. Families making $200K or less will receive a tax cut, guaranteed.
2. Families making $250K or less will not have their taxes raised (that is, those from $200K to $200K may or may not get the cut, but the worst they can do is stay the same.)
3. Families making above $250K will see a 3 percent increase.

As for the $150K remark -- in context he was using that as a ceiling number for the "Middle Class" not setting it as a number in relation to Obama's tax plan.

[1979Shocker]

Re: 200k now

200k now makes you rich I guess after watching Obama's pity show tonight. I thought it was 250k? Now its going lower. After the election it will be 0k IMO.

Maybe that first lady on there from KC shoulden't have 6 kids and she woulden't find herself in trouble looking for help. What a joke!!!!

I think it's always been that, $250K if you're married and $200K if you're single. When $200K was mentioned in the infomercial, they probably should have said that was for a single person.

[WstateU]

I'm totally confused and I'm afraid it's only going to get worse after next Tuesday. :roll:

BOHICA! (Bend Over Here It Comes Again)

[KBShocker]

If he gets elected its what ever he wants it to be and with a Democract majority it will be White House gone Wild. Even the White House is not safe, it could get painted Kenya colors.

[SHOCKvalue]

What I've never heard anyone ever mention in this whole BO $250K talk is the fact that in certain portions of this country, a household with 4-5 members and $250K in income, truly could be considered nothing more than perhaps at the threshold between middle- and upper middle-class.

What's $250K annual household when you lose 40-50% right off the top in federal and state income taxes, have $600 in student loan debt service, and the PITI on your simple 2000 sf, 3 br, 2 car garage, boring tract home is $7000-8000/mo?

Go drive by your average, new build, $200K tract home out in W or NE Wichita, look at the minivan family hauler and 6 or 7 year old accord work car sitting in the driveway, and imagine if that entire standard of living picture was in San Diego or the suburbs of DC. These are your $250K "rich" people in those areas.

Food for thought...

[RoyalShock]

What I've never heard anyone ever mention in this whole BO $250K talk is the fact that in certain portions of this country, a household with 4-5 members and $250K in income, truly could be considered nothing more than perhaps at the threshold between middle- and upper middle-class.

A good example for why there should not be a federal income tax. Our country and it's various state economies are too diverse for a one-size-fits-all tax policy. Our founding fathers knew this back when there were far fewer states. This type of taxation should be done only at the state level.

[Maggie]

What I've never heard anyone ever mention in this whole BO $250K talk is the fact that in certain portions of this country, a household with 4-5 members and $250K in income, truly could be considered nothing more than perhaps at the threshold between middle- and upper middle-class.

What's $250K annual household when you lose 40-50% right off the top in federal and state income taxes, have $600 in student loan debt service, and the PITI on your simple 2000 sf, 3 br, 2 car garage, boring tract home is $7000-8000/mo?

Go drive by your average, new build, $200K tract home out in W or NE Wichita, look at the minivan family hauler and 6 or 7 year old accord work car sitting in the driveway, and imagine if that entire standard of living picture was in San Diego or the suburbs of DC. These are your $250K "rich" people in those areas.

Food for thought...

Or NYC..

[Maggie]

What I've never heard anyone ever mention in this whole BO $250K talk is the fact that in certain portions of this country, a household with 4-5 members and $250K in income, truly could be considered nothing more than perhaps at the threshold between middle- and upper middle-class.

A good example for why there should not be a federal income tax. Our country and it's various state economies are too diverse for a one-size-fits-all tax policy. Our founding fathers knew this back when there were far fewer states. This type of taxation should be done only at the state level.

I don't think I would go quite that far...Royal..but I might....

[SB Shock]

What I've never heard anyone ever mention in this whole BO $250K talk is the fact that in certain portions of this country, a household with 4-5 members and $250K in income, truly could be considered nothing more than perhaps at the threshold between middle- and upper middle-class.

A good example for why there should not be a federal income tax. Our country and it's various state economies are too diverse for a one-size-fits-all tax policy. Our founding fathers knew this back when there were far fewer states. This type of taxation should be done only at the state level.

I agree. All the federal government is doing is taking our nations wealth and then redistributing it back to the states with the federal government priorities and we also pay for the federal government overhead and inefficiencies.

How much better would are state be if all our tax money actually went to our state? At the very least Kansans would have a better say in how it is spent.

[WuDrWu]

It's simply fueling the fire for class warfare.


Those that continue to work hard and prosper are going to do everything they can to take care of themselves as long as the govt tries to steal from them.

Bottom line: The economy is going to suffer and suffer big time. All so that someone that doesn't pay federal income taxes can get a $600 welfare check per year that will be spent on cigarettes, alcohol, drugs or porn (about 80%) and so that someone like Average Joe can have an extra $1300 to do about the same.

That will do nothing for the ecomony (see the stimulis package earlier this year and the boost the economy got) but it will mean a lot of businesses small and large are going to slow or stop growth.

Pure stupidity.

[SHOCKvalue]

It's simply fueling the fire for class warfare.


Those that continue to work hard and prosper are going to do everything they can to take care of themselves as long as the govt tries to steal from them.

Bottom line: The economy is going to suffer and suffer big time. All so that someone that doesn't pay federal income taxes can get a $600 welfare check per year that will be spent on cigarettes, alcohol, drugs or porn (about 80%) and so that someone like Average Joe can have an extra $1300 to do about the same.

That will do nothing for the ecomony (see the stimulis package earlier this year and the boost the economy got) but it will mean a lot of businesses small and large are going to slow or stop growth.

Pure stupidity.

The force is so strong in the Messiah that he has no use for the fundamentals of economics.

Much like Chuck Norris walks into a room and all the perps hand over their weapons, the Messiah walks into a room and all the econ professors and researchers hand over their pointless life's work.

[BenWSU]

$600 welfare check per year that will be spent on cigarettes, alcohol, drugs or porn (about 80%)

Where do I sign up???