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The rich are already in a higher income tax bracket than lower wage workers, and they already pay zillions more in taxes than middle income earners. 45% of the working class in this country pay no federal income taxes. A family could be making 50 to 75K a year and have a couple of kids and with mortgage interest deduction end up paying no federal taxes.
You want the middle class to be revitalized, reduce taxes and regulations so companies can manufacture more in this country. As manufacturing goes so goes the middle class.
It might interest you to know that Obama's jobs Czar--Jeffrey Immelt whom is also CEO of General electric is the one of the largest outsourcers of jobs to China. Even Dennis Kucinich a liberal democrat had a fit over that.
Kucinich to Immelt Resign - TheStreet
Then to add insult to injury--General Electric made 108 billion dollars in 2011 and didn't pay a penny in Federal Taxes on it. Of course, this was the corporate loophole Obama was talking about tonight, as he has done for the last 7 years--LOL.
General Electric Avoids Taxes By Keeping 108 Billion Overseas
A $500 tax credit? I'm now the richest.http://www.nytimes.com/2015/01/18/us/president-obama-will-seek-to-reduce-taxes-for-middle-class.html
What a concept...see sig. About gd time. Not scam Pub cuts either...
The can cram that credit up their liberal asses. That and the proposed tax on the wealthy will not have any effect on anything Obama states it will.
It is merely another installment of class warfare.
Yep, i knew that, and the left just doesn't give a shit because GE supports the commiecrats.
I've run the numbers on the family of four (2 adults, 2 children). The family income can be $47,599.49 for tax year 2014 and no income taxes will be paid based solely on the standard deduction, personal exemptions x 4, and the child tax credit x 2 or, in other words, the makeup of the family. If there are any other credits/deductions, the amount goes up. If the amount hits $47,600, the tax is then $6.
I didn't count the mortgage interest deduction as that is only allowed if itemizing. I used the standard deduction. Again, if the itemized is greater than $12,400 (standard), the income level before paying taxes goes up.
While that's not wealthy, it's 200% of the poverty level for that size family.
Steve Jobs built a platform, his workers created the wealth.
100% stupid as always as if inventing the iphone wasn't creating wealth and his $15 billion wasn't wealth. You don't think well enough to be here; why waste your time?
Yep, i knew that, and the left just doesn't give a shit because GE supports the commiecrats.
Except: Obama assails corporate tax loopholes TheHill
Because, STUPID, the middle of a Pub economic meltdown is NOT the time to scare business. DUH. And you probably think they had a filibuster proof majority for two years, hater dupe. Not THIRTEEN DAYS in session. Or the recovery would have happened in 2010.Yep, i knew that, and the left just doesn't give a shit because GE supports the commiecrats.
Except: Obama assails corporate tax loopholes TheHill
Just like most of his rhetoric, all hot air. The commiecrats didn't do a damned thing when they had bullet proof majorities in 09-10. I wonder why that is?
Because, STUPID, the middle of a Pub economic meltdown is NOT the time to scare business. DUH. And probably think they had a filibuster proof majority for two years, hater dupe. Not THIRTEEN DAYS in session. Or the recovery would have happened in 2010.Yep, i knew that, and the left just doesn't give a shit because GE supports the commiecrats.
Except: Obama assails corporate tax loopholes TheHill
Just like most of his rhetoric, all hot air. The commiecrats didn't do a damned thing when they had bullet proof majorities in 09-10. I wonder why that is?
http://www.nytimes.com/2015/01/18/us/president-obama-will-seek-to-reduce-taxes-for-middle-class.html
What a concept...see sig. About gd time. Not scam Pub cuts either...
Ooops. Here ya go: Because, STUPID, the middle of a Pub economic meltdown is NOT the time to scare business. DUH. And you probably think they had a filibuster proof majority for two years, hater dupe. Not THIRTEEN DAYS in session. Or the recovery would have happened in 2010.Because, STUPID, the middle of a Pub economic meltdown is NOT the time to scare business. DUH. And probably think they had a filibuster proof majority for two years, hater dupe. Not THIRTEEN DAYS in session. Or the recovery would have happened in 2010.Yep, i knew that, and the left just doesn't give a shit because GE supports the commiecrats.
Except: Obama assails corporate tax loopholes TheHill
Just like most of his rhetoric, all hot air. The commiecrats didn't do a damned thing when they had bullet proof majorities in 09-10. I wonder why that is?
Get back to me when you learn to communicate in complete sentences.
There are NO taxes on the middle class in O-Care. Just good things.http://www.nytimes.com/2015/01/18/us/president-obama-will-seek-to-reduce-taxes-for-middle-class.html
What a concept...see sig. About gd time. Not scam Pub cuts either...
It's been six years and he's still talking about it. What has he or the Dems actually done? Obamacare raised taxes. If he wants to lower them for the low and middle classes, he could just repeal Obamacare.
Ooops. Here ya go: Because, STUPID, the middle of a Pub economic meltdown is NOT the time to scare business. DUH. And you probably think they had a filibuster proof majority for two years, hater dupe. Not THIRTEEN DAYS in session. Or the recovery would have happened in 2010.Because, STUPID, the middle of a Pub economic meltdown is NOT the time to scare business. DUH. And probably think they had a filibuster proof majority for two years, hater dupe. Not THIRTEEN DAYS in session. Or the recovery would have happened in 2010.Yep, i knew that, and the left just doesn't give a shit because GE supports the commiecrats.
Except: Obama assails corporate tax loopholes TheHill
Just like most of his rhetoric, all hot air. The commiecrats didn't do a damned thing when they had bullet proof majorities in 09-10. I wonder why that is?
Get back to me when you learn to communicate in complete sentences.
It is tough to argue with reality. BTW, grammatically and politically, I'm slumming with the dupes here. It's casual, but correct- except I did forget a subject there.
dear, he built a platform and a business that earned him $15 billion. That means he distributed 1000 times more wealth than $15 billion to the rest of us. The more one has under capitalism the more one's contribution to society.
Now you know why everyone is poor in Cuba and why everyone is getting rich in China. That you are still communist in light of the evidence is testimony to your pure liberal ignorance.
