Not true. He wants to give additional tax cuts for those making under $50k a year, but he won't be raising taxes for those making between $50k and $288k.
As well he should. Very few non-rich Americans make significant income off of capital gains. While most Americans own stock nowadays, almost all of them keep it sheltered from taxes in IRAs and 401(k)s. A capital gains tax increase doesn't affect most people.
I rounded to $250k, but the actual number of the old tax rate under Clinton was $288k, so you'd still miss the tax increase. Also, keep in mind that your gross income doesn't determine your tax bracket. It's your income after deductions that matters. So, with a combined income of $280k, I'd imagine that you're getting your taxable income somewhere below $240k if you itemize. Not even close to the top bracket under the old Clinton rates.As soon as I upgrade I wil make right at $100,000 at Flexjet. My wife makes $180,000 (including bonus) as an SAP consultant. So since I'm not at UPS or FedEx, I won't have to pay? Cool, when did Obama make that promise to pilots? I'm soooo stoked to read your answer! Please provide the quote!uke:
No...he said "Dude, your avatar is Obama '08.....nuff said." Anyone that starts a line out with "Dude," is the idiot.
Exactly.
Taxes got raised starting at $35,000 annual income anyway. Or how about "Read my lips..." from Bush 1? :smash:
You mean like when John McCain got on TV the other day, promising to catch Osama Bin Laden if he's elected?
My only real fear is that we are going to have to pay for this war and other budget deficits incurred during W's reign of financial mismanagement. Whoever his successor is will be stuck with one hell of a credit card bill, and you and I will be writing the checks to pay for it.
So, in other words, you're basing your vote off an ass-umption that he's going to raise taxes on people that he says he won't? That's a strange way to determine a vote. But let's think this through, anyway. Let's say he does go against his own plan and raises taxes on everyone. Let's say he increases your rate by 3%. How much more money do you think you'll be able to get by having greater bargaining leverage, though? With a friendly NMB, it's safe to say that you'll more than make up for that 3% with the contract advanced that you'll make. Pilots have lost far more over the years thanks to the anti-labor NMB and administration than they ever saved with a tiny tax cut that Bush gave them. It's not even close.So he has those exact numbers worked out to the penny? And those numbers are set in stone? I don't mean to be harsh here, but I am sick to death of politicians promises. Every time they make one, they break one. I will bet you paychecks that he will tweak those numbers so that I get slammed. It will be "WE have to do it for the children" or "WE have to help the poor". "WE"invariabley means I provide the cash and politicians get to make all the decisions. Just once, I would like to see them put their money in the kitty. That will never happen. Does any one remember "I have worked harder than I ever have in my life..." from Clinton?
Yeah, cause the Bush method is working great, isn't it? Temporary company profits increases (due to outsourcing, tax breaks, etc etc) resulting in a nice healthy increase in the DOW and NASDAQ for a few years. Result: Everybody clamoring "Look how great the economy is doing! DOW and NASDAQ are rising to record levels!!!"
