Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
He is a closet socialist. Of course it's going to migrate towards a tax structure where the more you make the more the tax will be to bring you back closer to the middle class. If you don't make as much you get tax credits....
If your a family making $75k a year with two children and one in college you get $3700 back above last year. If you do not have a child in college you will owe $300 more than last year....ie...page 3
My state income tax is 8% above $120,000 + $8750. That would put people above $250k/year under Obama's plan at 56.6% tax rate. How much you want to bet it increases if he is not impeached and is going for 8 years. This is the first step the next will be an even further push towards socialism.
No, it doesn't. Unless you're claiming that MOST Americans live in CA and the Northeast. And they don't.
As to the other ignorant commentary: For most Americans, $100,000/year seems "rich."
I don't know who the "most Americans" you know are, but $100,000 is nowhere near rich no matter how it "seems" to you.
And by the way - consider this: Someone making $100,000 MIGHT - IF THEY ARE LUCKY - get to keep $50,000 of that after federal and state taxes, but before they pay real estate taxes, property taxes and sales tax. My mortgage payment alone costs me $15,000 a year, and my mortgage is less than $1300 a month. Many others have much higher mortgage/payments. Car payments - $435 a month and that's only because we've paid off the cars except one. That's $5220 a year. Car insurance for two adults and three kids in college - about $550 a month - $6600 a year. Three kids in college - they take out student loans but we cover what is not covered by the loans - that's $15,960 that we pay out of pocket per year just for their living expenses for the three of them, not counting utilities or food or spending money. Food - probably $8000 a year. Utilities: $4380 a year. That comes to $47,160 and I haven't even counted in anything like clothes, medical bills, dental bills, haircuts, furniture, appliances, lawn supplies, property taxes or real estate taxes or SAVINGS. Good thing we are "rich" or we'd be in trouble.
I don't know who the "most Americans" you know are, but $100,000 is nowhere near rich no matter how it "seems" to you.
What kind of bubble do you live in? Ask somebody in New Hampshire if they think $100,000/year is "rich." Or most people anywhere in this country trying to live on $45,000/year, and raise a family.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
