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First off, if you're OK with making 42 a year, then why are you whining about taxing over 250k? Furthermore, it's not that Obama wants to put a tax on you, as a tax is already in play. Why the 250k business you ask? I'll Tell you.
I'm a young male. I am poor. Therefor, I am taxed because of that. I have less money, don't have insureance, yet I have to pay more because a richer person can afford insurance? That makes sense.
The rates I do pay whilst uninsured, are as high as they are because I'm also paying for the doctors MALPRACTICE insurance. Yes, they see it fit to charge me more to cover their premiums. That makes sense.
I challenge you to explain to me why an Asprin costs 10 bucks in a hospital.
Businesses SHOULD be taxed more, why? Well, it is the people that give you business! We can't usually deduct the expense, but you businesses sure have more than many ways to work around that.
Without the people, you wouldn't have 250k per year. Excuse me, but why is tax on this substantial amount an issue? Can't buy that 50k car you wanted? YEAH, I'm still over here uninsured busting my hump not knowing what I'm going to eat a day in advanced. I lick my plate clean. I eat fake potatoes.
Furthermore, a properly run business will only figure out a way to recoup that money lost from tax increases. There are many cost cutting options available with that kind of income. Me however, well, let's just say it's a shame.
The majority of small businesses don't even break 250k. If you turn a 250k profit, after the tax increase, you're still going to have your million dollar house, so why do you care when there are people out there eating Rice-o-Roni? My ex girlfriend baby sat for a guy who owned a construction company in Michigan. He not only laid off 6 guys a WEEK before christmas, he continued to bloat about the 700 or 800 bucks he spent every Friday night. Over 4 people. 80 dollar bottles of wine. Are you saying people such as he who have a profitable business do not deserve a tax increase?!?!
Meanwhile, back in reality, I was eating spinach out of a damn can. Atleast I have a clue though. Those who are more financially fit to handle the burden SHOULD HANDLE THE BURDEN! It's as simple as that. 95% of the country makes below 250K, and the 5% that fall into that category are mostly lucrative businesses. Stop complaining and get busy writing off that million dollar yacht as a business expense as I've seen happen, personally! It's time for the trickle up, if that! God banish the trickle down effect, in fact, banish the enitire philosophy be it up or down. Let it be about who's financially sound to carry the weight, not those who are stuck cooking Rice-o-Roni. And yes, it happens every day in America.
Don't preach about how it should be until you know what it's LIKE.
Furthermore, you need to read THIS, hopefully it snaps you out of the mine mine mine attitude you partake in.
A boat docked in a tiny Mexican village. An American tourist complimented the Mexican fisherman on the quality of his fish and asked how long it took him to catch them. "Not very long," answered the Mexican. "But then, why didn't you stay out longer and catch more?" asked the American. The Mexican explained that his small catch was sufficient to meet his needs and those of his family. The American asked, "But what do you do with the rest of your time?" "I sleep late, fish a little, play with my children, and take a siesta with my wife. In the evenings, I go into the village to see my friends, have a few drinks, play the guitar, and sing a few songs. I have a full life." The American interrupted, "I have an MBA from Harvard and I can help you! You should start by fishing longer every day. You can then sell the extra fish you catch. With the extra revenue, you can buy a bigger boat." "And after that?" asked the Mexican. "With the extra money the larger boat will bring, you can buy a second one and a third one and so on until you have an entire fleet of trawlers. Instead of selling your fish to a middle man, you can then negotiate directly with the processing plants and maybe even open your own plant. You can then leave this little village and move to Mexico City, Los Angeles, or even New York City! From there you can direct your huge new enterprise." "How long would that take?" asked the Mexican. "Twenty, perhaps twenty-five years," replied the American. "And after that?" "Afterwards? Well my friend, that's when it gets really interesting," answered the American, laughing. "When your business gets really big, you can start buying and selling stocks and make millions!" "Millions? Really? And after that?" asked the Mexican. "After that you'll be able to retire, live in a tiny village near the coast, sleep late, play with your children, catch a few fish, take a siesta with your wife and spend your evenings drinking and enjoying your friends." And the moral of this story is: ......... Know where you're going in life... you may already be there.
Wow, you say the republicans are bitter? Spinach eating can guy was bitter! Im a liberal and am completely apposed to your said tax increases. Look, I was where you were at...I actually was going from couch to couch as my friends kicked me out because I stayed too long...but I worked hard and smart and now make 250k a year at 25. So I do know both sides, but if you think I should pay for you and pensions for GM workers with no highschool education? You are just wrong. I earned that money and just because I make more than you does not mean I have to support you. I owe you nothing. I choose where my money goes and if you asked my friends you would know...I am the most charitible person alive...until you think you deserve something from me. My friends know all I ever ask in return is a "thank you"...but if they expected my charity then they would never receive it. Do I feel bad for the less fortunate? yes! but to be honest...thats life. Some people make it some dont...sound harsh? it is...so is life. Im not saying we dont need healthcare reform...why do you think my arm is healed incorrectly and i have nightly pain? I did not have health insurance for a broken arm. But hey...if you want to educate your children on hard work...tell them about earning vs relying on someone else to pay your bills. I live in San Diego...I know what its like to be poor and borrow money for food I did that for years!
The median income of a household in the US is about $42,000. "Median", in case you didn't know, means that half the households are above that and half are below (not the same as 'average'). If you think that is near poverty, you are saying that about half of Amricans are living in poverty.
love this reply, this thread should of been stopped right here
Olbama wants to make each small business owner that makes over 250,000 dollars a year pay a tax.
Why would some think this is okay? I mean come one, you go out and make over 250,000 dollars a year and you have to pay extra tax for the middle class?
If someone doesn't like being middle class, then the middle class should find another job or start a business. I know that this doesn't happen overnight but I think if the person's tries and is confident getting a better job things turn out better.
And anyway,what's so wrong with middle class? What is so bad with makeing around 42,000 a year?
That's considered the average wage and I don't get why people think they should just get extra money because they make that much. These people are not even close to being poor or with poverty. Unless the spending habits are bad.
If someone is making 70,000 dollars a year and just spends like crazy they could be a lot worse off than a middle class.
I'm in college right now and I'm thinking: If I'm middle class, I don't want the government paying me out of it.
I don't expect the government to pay for my nights out since I'm not working full time in college.
It's up to me! not the government on how much money I should get.
It's up to me! To enjoy raising and family and enjoy being middle class or still enjoy a family making more money.
It's up to me! To be poor!
It's up to me! To try my best to change to higher paying job!
It's up to me! To try to find how to make more money! not the government
Sorry if I said, "It's up to me!" so many times but that's the real truth
Are you paying your way through college 100% full-tuition yourself?
Taxes are high as they already are and for personal income taxes the US ranks as one of the highest in the world. And that is a fact
Thats not a fact we are towards the lower middle of the personal income tax bracket (Sec 11 of the Internal Revenue Code (TITLE 26, Subtitle A, CHAPTER 1, Subchapter A, PART II, Sec. 11)) ([url=http://en.wikipedia.org/wiki/Tax_rates_around_the_world]Tax rates around the world - Wikipedia, the free encyclopedia[/url] ) don't go around pulling a fox news and lie claiming things to be fact because you heard someone say something like that once. We are towards the top of corporate taxes but that's a completely different subject which many companies are even able to get out of that and pay little to no taxes.
"The rates I do pay whilst uninsured, are as high as they are because I'm also paying for the doctors MALPRACTICE insurance. Yes, they see it fit to charge me more to cover their premiums. That makes sense."
My friend, how can you make such an erroneous comment. Trust me, when you are uninsured and saying poor, well you should qualify for some sort of lower income health insurance. New York state for example even if you don't quallify for Medicaid, if you make below a certain amount, and if you are stating you are "poor" you qualify for Healthy NY insurance so there is no reason for you to be paying high doctor's fees. Also, most doctors aren't charging you exorbitant fees, they aren't charging you anymore than any other patient. I know this firsthand, I see it everyday. Most doctors and dentists will cut you a break when you are uninsured, charge a little bit less especially the internists. I see this among my doctor colleagues all the time and lots of times they even waive the follow up fees on visits. The problem with taxing people like physicians who let's say make 250,000 (and a lot do not), is that they aren't really rolling in the dough like everyone has stated, even dentists. Your average doctor goes to school at least eight years post college, racks up around 200,000 in loans, lives on a meager resident's salary for four more years, stays up all hours of the day and night, and then faces the real world where they have loans,, malpractice (a general internist in manhattan pays at least 30,000 a year in malpractice and that's just an internist), and be ready to answer to their patients at any time, it's our responsibility. Medicine doesn;t make you wealthy, and people who think doctors are rich, well so misinformed. I thank all the people on here who realize docs aren't millionaires, and well if they're make 250 plus it took a long time to get there and many of us still are paying loans off well into our 40s. So to you poor one who thinks you are paying the doc's malpractice, seriously you aren't. If anything , we are looking out for you, and trying to cut you a break. and if you are seriously that poor, check and see what your state offers you for health ins assistance. I am pretty sure there's something available to you.
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