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Thread: Obama sees 'make or break' time for middle class

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    Re: Obama sees 'make or break' time for middle class

    Quote Originally Posted by MrVicchio View Post
    haha

    I should have put "Silence" at the end.
    *crickets*
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: Obama sees 'make or break' time for middle class

    Quote Originally Posted by apdst View Post
    Why doesn't he? He only paid taxes in a 25% tax bracket on $1.7 million. He should have paid in the 35% bracket. Wassup with that?

    Obama Taxes & Income: President & First Lady Paid $453,770 In Taxes On $1.7 Million Income
    Actually, as your article states, Obama overpaid his taxes:

    "Through withholding and estimated tax payments during the year, the Obamas paid $466,104 to the Internal Revenue Service. That was an overpayment, so they are getting a $12,334 refund."
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Obama sees 'make or break' time for middle class

    Obama has started a class war? Lol come on guys their has been a class war going on in America for the past 30 years and thus far it has involved the uper class kicking the working class everytime they try and get up, still waiting for that famous trickle down...

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    Re: Obama sees 'make or break' time for middle class

    Quote Originally Posted by apdst View Post
    Why doesn't he? He only paid taxes in a 25% tax bracket on $1.7 million. He should have paid in the 35% bracket. Wassup with that?

    Obama Taxes & Income: President & First Lady Paid $453,770 In Taxes On $1.7 Million Income
    Lol, oh lord lets see if I can explain this to you.

    He did in fact pay on a 35% tax bracket. That only applies to income over $372,951. Everything below that you pay the tax rate that it is under. If you earn 100,000, even though that puts you under the 25% bracket (filing jointly) that isn't the exact rate you pay because not all of your 100,000 is taxed at that rate. This isn't something they only do for the president.

    He paid the taxes that he was obligated to pay and if the tax rates on the wealthy are raised, he will pay those elevated taxes also.
    Quote Originally Posted by TurtleDude View Post
    uh that is so small as to be stupid. Do you want registration? given less than 3% of criminals get their guns from private sales, its pretty much a waste of resources
    **Thirty Minutes Later**
    Quote Originally Posted by TurtleDude View Post
    you are confused. I never denied that many criminals get guns in private sales.

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    Re: Obama sees 'make or break' time for middle class

    Quote Originally Posted by Catawba View Post
    Actually, as your article states, Obama overpaid his taxes:

    "Through withholding and estimated tax payments during the year, the Obamas paid $466,104 to the Internal Revenue Service. That was an overpayment, so they are getting a $12,334 refund."
    So, they paid less than 25%? Awesome!
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Obama sees 'make or break' time for middle class

    Quote Originally Posted by roughdraft274 View Post
    Lol, oh lord lets see if I can explain this to you.

    He did in fact pay on a 35% tax bracket. That only applies to income over $372,951. Everything below that you pay the tax rate that it is under. If you earn 100,000, even though that puts you under the 25% bracket (filing jointly) that isn't the exact rate you pay because not all of your 100,000 is taxed at that rate. This isn't something they only do for the president.

    He paid the taxes that he was obligated to pay and if the tax rates on the wealthy are raised, he will pay those elevated taxes also.
    So, why did he only pay 25% on $1.7 million? Hmmm?
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Obama sees 'make or break' time for middle class

    Quote Originally Posted by MrVicchio View Post
    News from The Associated Press n

    So, Obama's abandoned all recourse and is now 100% behind class warfare, envy and jealousy as his mission statement. How do people buy his ****? I mean seriously, "Make or break time for the middle class". Yeah, break if you side with Obama nad put your trust in bureaucrats to save you. Obama's not offering salvation, he's handing you Yoke an saying with sweet words "Put it on, it won't hurt, it's there to help you!"

    WAKE UP People, and fight back, against ANY politician that tells you "Government" is the answer. (that goes for you Newt)
    So what say you about Job Core, Pell Grant, Subsidized or Unsubsidzed student loans, the government helping people out that get laid off to go back to school to make more money (which in turn, becomes more tax dollars for them in the future) I could go on. Government of course is not the only answer, but the government is here to serve the people, and sometimes it does a good job.
    "We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and that’s crazy." -Reagan

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    Re: Obama sees 'make or break' time for middle class

    He is right-it is during tough times like these that the middle class (which is dying thanks to the rightwingers) are what save this damn country. Time and time again! The middle class is what keeps this damn country flowing and why you do not have riots in the streets. They along with the poor are this countrys saving grace. It is damn sure not that of those on the Hill and/or the rich.
    ~Following My Own Flow~

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    Re: Obama sees 'make or break' time for middle class

    Quote Originally Posted by apdst View Post
    So, why did he only pay 25% on $1.7 million? Hmmm?
    Because we have a marginal tax rate system, which means you pay taxes on earnings that fall within a particular tax bracket and if there is more income you'll pay the rate in that bracket and so on. So Obama pays 10% for all income below $16,750 and 15% for income above $16,750 and below $34,000 and so on.

    Tax Rate Single Married/Joint Married/Separate Head of Household
    10% $0 $0 $0 $0
    15% $8,375 $16,750 $8,375 $11,950
    25% $34,000 $68,000 $34,000 $45,550
    28% $82,400 $137,300 $68,650 $117,650
    33% $171,850 $209,250 $104,625 $190,550
    35% $373,650 $373,650 $186,825 $373,650

    2011 Federal Individual Income Tax Rate Schedule - Tax Brackets for 2011

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    Re: Obama sees 'make or break' time for middle class

    Quote Originally Posted by apdst View Post
    So, why did he only pay 25% on $1.7 million? Hmmm?
    Because there are such things as tax write-offs, deductions etc. If you own a house, have kids etc. you get deductions. Have you ever filed for taxes before?
    Quote Originally Posted by TurtleDude View Post
    uh that is so small as to be stupid. Do you want registration? given less than 3% of criminals get their guns from private sales, its pretty much a waste of resources
    **Thirty Minutes Later**
    Quote Originally Posted by TurtleDude View Post
    you are confused. I never denied that many criminals get guns in private sales.

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