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Old 12-01-2012, 11:29 AM
 
Location: SWUS
5,421 posts, read 7,867,995 times
Reputation: 5797

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Quote:
Originally Posted by aneftp View Post
The line really needs to be drawn at around $100k if Obama is interesting in generating enough revenue to fund his Obamacare cause it seems like no one is truly interested in significant spending cuts.

Asking someone making $100k pay say $500-1000 extra helps along with someone making $250k-500k pay $2000-5000 extra. $500-1000 extra isn't going to hurt someone making $100k a year, or does it? Or is it all psychological?
I think the number that someone used earlier was three percent. If that's the case, it wouldn't be $500-$1000 extra for the $100K earners, or $2000-$5000 extra for the $250k and $500k earners. It'd be $1500-$3000 extra for $100k earners, and $6000-$15000 for the higher earners... regardless of whether YOU think that won't hurt someone, you have no way of knowing and even if people think those types "earn enough money already", it'd still be pretty disappointing to pay that much extra cash on top of whatever they're already paying.

As far as the comment above mine, people may or may not be making up mental lists of employees who are Obama supporters. I hang around several other large forums and the people who run businesses aren't upset or angry, but they are worried, and it wouldn't surprise me if "downsizing" occurred more and more regardless of political leanings.
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Old 12-01-2012, 11:33 AM
 
25,631 posts, read 30,323,039 times
Reputation: 23111
Quote:
Originally Posted by eRayP View Post
HistorianDude almost every post you make is to attack. The reason is because you have nothing to offer. Get over yourself.
LOL, poster is depressed because the birther threads have dried up.
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Old 12-01-2012, 11:33 AM
 
Location: None of your business
5,467 posts, read 3,764,596 times
Reputation: 1170
And all this does not include the 3.8% tax Obamacare surtax.
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Old 12-01-2012, 11:34 AM
 
Location: None of your business
5,467 posts, read 3,764,596 times
Reputation: 1170
Quote:
Originally Posted by Bulldogdad View Post
LOL, poster is depressed because the birther threads have dried up.
If you have nothing interesting or intelligent to say, make up stuff and attack. It's the Liberal way lol
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Old 12-01-2012, 11:35 AM
 
Location: Littleton, CO
20,894 posts, read 13,617,490 times
Reputation: 3949
Quote:
Originally Posted by eRayP View Post
HistorianDude almost every post you make is to attack.
It is a target rich environment.
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Old 12-01-2012, 11:36 AM
 
Location: Littleton, CO
20,894 posts, read 13,617,490 times
Reputation: 3949
Quote:
Originally Posted by aneftp View Post
The line really needs to be drawn at around $100k if Obama is interesting in generating enough revenue to fund his Obamacare cause it seems like no one is truly interested in significant spending cuts.
You do realize that there is more than one way to raise revenue, right?
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Old 12-01-2012, 11:38 AM
 
Location: Littleton, CO
20,894 posts, read 13,617,490 times
Reputation: 3949
Quote:
Originally Posted by bchris02 View Post
He successfully made people think he is only going to raise taxes on millionaires and billionaires. 250k is a long ways from being a millionaire.
Economics fail.

Millionaire status is calculated by net worth, not by annual income.
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Old 12-01-2012, 11:39 AM
 
Location: Littleton, CO
20,894 posts, read 13,617,490 times
Reputation: 3949
Quote:
Originally Posted by amerifree View Post
I and my wife are both Henrys and will get a legal divorce to avoid the hit...thus giving the finger to Obama and his 47%. Shmucks!!!!
Nose. Face. Spite. Cut.
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Old 12-01-2012, 11:53 AM
 
3,576 posts, read 6,051,655 times
Reputation: 1432
Quote:
Originally Posted by HistorianDude View Post
You do realize that there is more than one way to raise revenue, right?
Yes. The easiest way is to cut spending. That's the best way to raise "net" revenue.

Or get rid of credits like earn income tax credit. And get rid of the all deductions including standard deductions and the mortgage interest deduction.

That way u are guaranteed to **** off 98% of Americans.
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Old 12-01-2012, 12:15 PM
 
Location: San Francisco, CA
13,919 posts, read 10,878,721 times
Reputation: 12667
Quote:
Originally Posted by aneftp View Post
Yes. The easiest way is to cut spending. That's the best way to raise "net" revenue.
Not so easily. The immediate near-term effect of cutting spending is to reduce GDP, and so if you reduce too much during a recession, you will likely prolong it. Now exponentially forecast growth out from that worsened circumstance, and you will find that you have significantly worsened your revenue. That's not surprising, because by far the biggest determinant of revenue to government (and everyone) is GDP growth.

That said, excessive spending also drags on GDP growth over the long term. The moral of the story is not that you shouldn't cut, but that you should be careful how much you cut and when you cut it. Depending on how you go about it, your "net" revenue could look really different.
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