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Old 10-02-2008, 11:05 PM
 
175 posts, read 415,186 times
Reputation: 65

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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
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Old 10-02-2008, 11:20 PM
 
1,914 posts, read 3,311,465 times
Reputation: 1088
Quote:
Originally Posted by Thunderbomb82 View Post
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
Obama wants ANYONE who makes $250,000.01 to pay bigger taxes. He considers those people "rich". In my state, you're pretty much just getting by (if you save money for your kids college funds, your own retirement, pay ridiculous property taxes, etc.) and maybe, mom can stay home if you didn't buy a house/car that you couldn't afford.

I admire you resolve and you are correct...personal responsibility is key. But there are those who try and can never get ahead. Those are the people who need and deserve help from the broken social programs. The problem is that there is a much, much larger group of people who are quite happy living off taxpayer monies...and don't care about anything...and actually live much better than those who struggle working 3 jobs while trying to provide for their families.


In my state, $42K gets you low-income status ( I think...I may have to go check that out)...throw a kid or two in there and you're probably hovering in the poverty range.
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Old 10-02-2008, 11:45 PM
 
175 posts, read 415,186 times
Reputation: 65
Quote:
Originally Posted by JerseyG View Post
Obama wants ANYONE who makes $250,000.01 to pay bigger taxes. He considers those people "rich". In my state, you're pretty much just getting by (if you save money for your kids college funds, your own retirement, pay ridiculous property taxes, etc.) and maybe, mom can stay home if you didn't buy a house/car that you couldn't afford.

I admire you resolve and you are correct...personal responsibility is key. But there are those who try and can never get ahead. Those are the people who need and deserve help from the broken social programs. The problem is that there is a much, much larger group of people who are quite happy living off taxpayer monies...and don't care about anything...and actually live much better than those who struggle working 3 jobs while trying to provide for their families.
That is the problem! Right on! They actually enjoy getting the money they don't work for and live easier than people working more jobs!

In my state, $42K gets you low-income status ( I think...I may have to go check that out)...throw a kid or two in there and you're probably hovering in the poverty range.
I'm interested as well what the average income is. Maybe that's what I heard a couple years back.
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Old 10-02-2008, 11:59 PM
 
Location: Victoria TX
42,661 posts, read 80,798,778 times
Reputation: 36403
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.
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Old 10-03-2008, 12:46 AM
 
1,914 posts, read 3,311,465 times
Reputation: 1088
Quote:
Originally Posted by jtur88 View Post
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.
I know what median means...in the state I live in, $67,035.00 K is the median.

The national median in 2007 was $50,740K.

Because you can never find what you want when you look for it, I was only able to find that a family of 4 (with an infant and a pre-schooler) would need $55K to get by without any outside help (gov't programs) in the state I live in and I find that hard to believe.
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Old 10-03-2008, 01:29 AM
 
Location: Cave Creek, AZ USA
1,774 posts, read 5,994,771 times
Reputation: 1062
Quote:
Originally Posted by jtur88 View Post
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.
Well, plenty of Americans would be living in near poverty if they actually lived within their means. Credit allows them to live far above their actual means.
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Old 10-03-2008, 07:15 AM
 
673 posts, read 2,595,636 times
Reputation: 416
Quote:
Originally Posted by Thunderbomb82 View Post
Olbama wants to make each small business owner that makes over 250,000 dollars a year pay a tax.
This proposition misses the point that small business owners worked hard to earn that money, probably incurred a lot of debt, probably were unable to sock away any savings, etc. Even if they earn $250k (the magic number) one year, they are far, far from rich.

Let small business owners keep their reward. Small business is what made this country great.
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Old 10-03-2008, 08:22 AM
 
35 posts, read 99,297 times
Reputation: 23
Quote:
Originally Posted by Thunderbomb82 View Post
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
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.
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Old 10-03-2008, 08:47 AM
 
1,544 posts, read 1,956,722 times
Reputation: 276
gs4786 - do you have any idea, what it is like to run a business? Let alone, run it in this econony? Do you have idea any how many businesses are closing every week at our area now? How many have lost their jobs?

No businesses = no jobs!!!!
High taxes on small busineeses means no incentive to run a business!!!

We're moving into socialism.

If you are a young male and poor, then find a good job and WORK!!!!
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Old 10-03-2008, 09:44 AM
 
Location: Cave Creek, AZ USA
1,774 posts, read 5,994,771 times
Reputation: 1062
Quote:
Originally Posted by gjs4786 View Post

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.
Please explain this. If you're poor, you don't pay any federal income taxes. How do you pay more for anything and how does it make insurance affordable for rich people? When I was poor and had no insurance, the one or two times I had to go to a doctor, they charged me a small fraction of what it would have been with insurance. So, if anything, I was paying less, while the insurance companies were paying more for the same service. I don't recall what the income limits are these days, but you can even get money back when you've paid NO federal income taxes. It's called the Earned Income Tax Credit. I call it welfare. But if you're not getting it, you should look into it.
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