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You are looking at all of these people as if they are an employee, and their take home pay is $250k.
Someone who owns a small business and files as a Sub Chapter S will put all their business income on their tax returns. It may look like a lot of money, but once they pay employees, and expenses, they may actually be living off $70k a year.
I am on disability. A while back there was a home business and we made 20k one year. Since the "we" is not more the business isn't either but it allowed us to pay the bills.
I would be SO happy with 70k spending money in one year. I could even afford a vacation.
Things are ALWAYS relative. If you don't live in a state with mega expenses, 70k spendable income would certainly cover a comfortable way to live. If your talking about three cars and all the requisite toys, it might not but comfortable is something which makes life ok without the stress of paying for things you have just to have.
Here's the difference between conservatives and liberals ... liberals view deficits as proof that taxes need to be increased ... conservatives view it as a sign that we need to reduce spending (stop digging).
News flash - tax cuts need to be paid for. When something is paid for, money is spent. Everyone wants tax cuts, but no one wants to pay for them. If the conservative approach to deficits is to reduce spending, that must be an approach that totally ignores the impact on the deficit of more or extended tax cuts.
Quote:
Originally Posted by GuyNTexas
Liberals are like crack addicts ... they need a fix ... they go steal more to pay for it .... Conservatives are like rehab centers ... stop doing crack.
Change a few words around, and the same can be said for conservatives and tax cuts.
Quote:
Originally Posted by GuyNTexas
I suggest you start forming your own opinions instead of regurgitating someone else's ... or at least find a truthful opinion to adopt.
Good advice - but I prefer advice from people who practice what they preach ... which is why I tend not to believe our elected Republican officials.
Either extend the tax cuts for 97% of Americans, or let them expire as the tax-cut-fraud Republicans wrote into law. I'm like everyone else - I like paying less in taxes. But when I look at the cost (spending) of the tax cuts, and the increasing burden that places on all of us as well as future generations, I say (get ready for it - here comes my own opinion) let them all expire as the Republicans planned to have happen. Let them go back to pre-2001 levels ... when there was a budget surplus rather than deficit, when we had actually made a dent in the national debt, and when the economy was in much better shape.
So upper middle class extends to the top 2% of wage earners?
Yes. Because you look at 2% and just see a small number. But what you really have to look at is difference in lifestyle and real life. Lifestyle between $250 and $50k not as different as lifestyle of millions vs $250k.
News flash - tax cuts need to be paid for. When something is paid for, money is spent. Everyone wants tax cuts, but no one wants to pay for them. If the conservative approach to deficits is to reduce spending, that must be an approach that totally ignores the impact on the deficit of more or extended tax cuts.
Change a few words around, and the same can be said for conservatives and tax cuts.
Good advice - but I prefer advice from people who practice what they preach ... which is why I tend not to believe our elected Republican officials.
Either extend the tax cuts for 97% of Americans, or let them expire as the tax-cut-fraud Republicans wrote into law. I'm like everyone else - I like paying less in taxes. But when I look at the cost (spending) of the tax cuts, and the increasing burden that places on all of us as well as future generations, I say (get ready for it - here comes my own opinion) let them all expire as the Republicans planned to have happen. Let them go back to pre-2001 levels ... when there was a budget surplus rather than deficit, when we had actually made a dent in the national debt, and when the economy was in much better shape.
Tax increases do not bring in more revenue. They stunt growth.
News flash - tax cuts need to be paid for. When something is paid for, money is spent. Everyone wants tax cuts, but no one wants to pay for them. If the conservative approach to deficits is to reduce spending, that must be an approach that totally ignores the impact on the deficit of more or extended tax cuts.
Change a few words around, and the same can be said for conservatives and tax cuts.
Good advice - but I prefer advice from people who practice what they preach ... which is why I tend not to believe our elected Republican officials.
Either extend the tax cuts for 97% of Americans, or let them expire as the tax-cut-fraud Republicans wrote into law. I'm like everyone else - I like paying less in taxes. But when I look at the cost (spending) of the tax cuts, and the increasing burden that places on all of us as well as future generations, I say (get ready for it - here comes my own opinion) let them all expire as the Republicans planned to have happen. Let them go back to pre-2001 levels ... when there was a budget surplus rather than deficit, when we had actually made a dent in the national debt, and when the economy was in much better shape.
Sheople like you crack me up.
Tax cuts did not have anything to do with our debt. In fact, record revenue came in under Bush. When the tax code is fair, people will report more income. Jobs are created.
SPENDING is the problem.
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