| Asheth |
02-10-2009 02:29 PM |
Quote:
Originally Posted by semtex
(Post 29369)
I like the idea of not having to pay income tax for the first 6 months, but sadly, this will never happen. Know why? Because a large portion of Obama's constituency already doesn't pay income tax! You know who I'm talking about, right? The deadbeats he wants to give tax "rebates" to? :shakes head: As for those of us who do pay income taxes, we're considered "the rich" in Obama's world view, hence giving us a break would amount to "a tax cut for the rich." And that, my friends, isn't going to happen under this administration.
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His view is of upper class is $90,000 a year income it may be even higher but I know that it is definitely not anything less then $60,000 a year those are the people that are viewed as the fortunate in Obama's view. Its not just if you pay taxes your considered rich.
Edit:
Found this
Quote:
Obama Defines “Middle Class”
by Major Garrett
WASHINGTON — 9 p.m. EDT
I wanted to throw out for consideration and debate a question I’ve found myself asking Democrats, Republicans, Independents and economists for years: who is in the middle class?
In the 1990s, the answers I received were almost entirely linked to income figures - the income of a family of four, or three or of a single person in his or her twenties, or an elderly person on a fixed income determined how close or how far they were from “middle class” status.
About the time of millennium, I began to notice that the answer to who was “middle class” began to change from relatively precise figures to very broad income strata. It was as if politicians — particularly at the national level — began to believe that incomes varied as widely as the core cost of living. Therefore, an income designation, for example, linked to the U.S. Census Bureau definition of median or mean income for an individual or family, would no longer work as a means of defining with precision who was or was not middle class.
In other words, individuals or families in New York, Los Angeles, Chicago, San Francisco, Boston or other high-cost urban areas could earn three times the median or mean family income and still feel strapped by month-to-month costs.
In other words, middle class status seemed over time to be less rooted in specific income figures, but regional differences in income and cost-of-living. It also seemed to reflect a sense among politicians and some economists that “middle class” is not just a matter of figures, but also a state of mind.
At my suggestion, my colleague Bill Hemmer was kind of enough to ask Sen. Barack Obama in London how he defined the middle class.
Here is the transcript of that exchange:
HEMMER: You mentioned the economy. You travel back to the U.S. this weekend. You’re going back to a country with a limping economy, “ailing,” I think, is one of the words The Economist used at the end of last week.
You have suggested that taxes will be raised on some Americans. You have also suggested that taxes will be lowered for some Americans. In a limping or an ailing economy, why raise taxes on anyone?
OBAMA: Well, the — because we also have a $400 billion or so budget deficit, because we’ve also got to invest in infrastructure. We’ve got to deal with the fact that a lot more people are unemployed and are going to need unemployment benefits. We’ve got to shore up the housing market because people are experiencing foreclosures.
And that’s why I’ve structured a change in the tax code where if you are making $150,000 a year or less, you’re getting a tax cut, 95 percent of the American families will get a tax cut.
HEMMER: What do you consider…
OBAMA: And the people who are going to see their income taxes raised, go up, are making more than $250,000 a year. So you and I will pay a little bit more in taxes because we can afford it. And what that allows us to do is to help the vast majority of Americans who are really hurting in this economy.
HEMMER: I know we’re pushed for time. Can you give me a definition of the middle class based on income, within a range?
OBAMA: You know, what I would say is, if you are making more than $250,000, than you’re more than middle class. You’re doing better. If you are making less than $250,000, then you are definitely somewhere in the middle class.
And if you’re making $150,000 or less, than I think most Americans would agree that you’re middle class. So that’s why the fact that if you are making less than $250,000, you will not see your taxes go up under an Obama administration. And you will get tax cuts and more money in your pocket if you make less $150,000.
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