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Do you know who is getting a tax cut?

Tasine 2012/07/11 13:40:00
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  • New York Times: Obama is "calling for a one-year extension of the Bush-era tax cuts for people making less than $250,000."
  • Wall Street Journal:
    "President Barack Obama will propose a one-year extension of the
    Bush-era tax cuts for families earning less than $250,000 today."
  • Washington Post:
    "President Obama on Monday proposed a one-year extension of the George
    W. Bush-era tax cuts for people making less than $250,000 a year."
  • CNN:
    "President Barack Obama called Monday for Congress to pass a one-year
    extension of the Bush-era tax cuts for people earning less than $250,000
    a year."

You get the idea. So why are we quoting this very straightforward sentence over and over again? Because it's flat-out wrong.





Obama is not proposing that families making up to
$250,000 a year keep their tax cuts while families making more than that
don't. He's proposing that every family keep their tax cuts on their first $250,000 of taxable income (which is not the same as "income" or "earnings," by the way).








That includes families with taxable income of $260,000, $1
million, $5 billion, $3 trillion, or whatever Jay-Z and Beyonce make in a
year. Everyone would continue to pay a lower tax rate on their
first $250,000 of taxable income under Obama's plan. To report that
Obama only wants to maintain tax cuts for families making less than
$250,000 is simply false.








If you're wondering how literally the entire media could get this
story wrong, look no further than Obama himself, who is framing his own
tax proposal inaccurately. "I’m calling on Congress to extend the tax
cuts for the 98 percent of Americans who make less than $250,000 for
another year," he said in an East Room speech earlier this afternoon.



Normally, a president would want to publicize that he's trying
to cut taxes for everyone in the country. But Obama actually has an
incentive this time to downplay the number of Americans who would
benefit from his tax plan. His proposal is, at its heart, a political
maneuver meant to force Mitt Romney to defend tax cuts for the wealthy.
It's more effective, then, for it to be seen as a cut solely for the middle class. The reality is that Obama's proposal would also keep Warren Buffett's taxes lower, if only a little bit.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
As Obama's double speak goes, this is a minor misdirection. But when a person couches a really good thing in lesser terms than it really is, that person should never, ever be trusted again. He's misrepresenting it solely because some of his constituents may resent that even the wealthy may be treated fairly.

Read More: http://nymag.com/daily/intel/2012/07/obama-tax-cut...

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  • Sophocrat 2012/07/23 13:54:09
    People earning under $250,000.00
    Sophocrat
    I have a better idea: The Self-Adjusting Flat Tax Model. Checkout the video at http://www.youtube.com/watch?... EVERYBODY pays, EVERYBODY gets a tax cut, deficits become a thing of the past and the national debt is eradicated in about 15 years or even sooner, depending on the employment scenario.
  • Christian 2012/07/12 00:10:06 (edited)
    No clue
    Christian
    The poor and the middle class always get screwed no matter what tax is added or taken away. Billionaires and millionaires have the best minds doing there taxes and always pay way lower then the other 99% and please don't come back with, they pay more than everyone, true but they pay less of a percentage of what they make so it isn't fair.
  • Tasine Christian 2012/07/12 03:55:47
    Tasine
    +2
    Consider this for a different perspective. Why should some have to contribute more to a government which provides them with less than everyone else? Military is everyone's expense (except the deadbeats). Infrastructure is everyone's expense (except the deadbeats). Federal salaries are everyone's expense (except the deadbeats). No one should be paying for all the programs, agencies, bureaus, etc that don't even belong at federal level. Not a single one of them does any good for the wealthy and most of them do no good for any citizens except those who don't take the responsibility for their own lives. If THEY don't care enough about their own welfare, why should the wealthy be MORE penalized? For that matter why should I be penalized because some deadbeat won't get up off his lazy a** and get a job?
  • Christian Tasine 2012/07/12 06:44:22
    Christian
    Dead beats, you mean the poor. I guess when I was a child I was a dead beat because I grew up in a housing projects in the South Bronx NYC. Before welfare the poor starved to death or were exploited for money. People don't choose to be poor because it is a miserable existence. Even with the help of the government as a child I would not eat for three fuking days sometimes, do you know how painful hunger is and you call poor people dead beats. I am happy to pay taxes for people to be able to eat. I would rather pay taxes for food and shelter for those not as fortunate then a bridge to nowhere or to satisfy some lobbyist wet dream. There's many thousands of things we waste money on and when you find a way to stop wasting money on crap that means nothing to no one. Then you can talk about starving poor people to death so you can kill off all the dead beats. Wheres a mother of 4 babies abandoned by her husband going to work or how can she leave the house even. When you have lived it you know why people on welfare need help because they need food for their very survival and have no choice. Its humiliating going to the store and paying with food stamps. I am proud to say that I was one of those poor dead beats your talking about. I can tell you stories about poverty in America that w...
    Dead beats, you mean the poor. I guess when I was a child I was a dead beat because I grew up in a housing projects in the South Bronx NYC. Before welfare the poor starved to death or were exploited for money. People don't choose to be poor because it is a miserable existence. Even with the help of the government as a child I would not eat for three fuking days sometimes, do you know how painful hunger is and you call poor people dead beats. I am happy to pay taxes for people to be able to eat. I would rather pay taxes for food and shelter for those not as fortunate then a bridge to nowhere or to satisfy some lobbyist wet dream. There's many thousands of things we waste money on and when you find a way to stop wasting money on crap that means nothing to no one. Then you can talk about starving poor people to death so you can kill off all the dead beats. Wheres a mother of 4 babies abandoned by her husband going to work or how can she leave the house even. When you have lived it you know why people on welfare need help because they need food for their very survival and have no choice. Its humiliating going to the store and paying with food stamps. I am proud to say that I was one of those poor dead beats your talking about. I can tell you stories about poverty in America that will make you so sick you won't eat for a week. We pay 243 billion dollars a year for welfare and medicaid to help millions of poor people and I am dam proud we do. People/families are the most important thing in this world/country, more important then all the other crap you mentioned. The poor are not lazy, they would work if there was a job for them. Some people are ugly or fat or not able to work for psychiatric reasons or health reasons. I know a women that has not worked in 3 years and she has a degree and was a 5 figure person for 20 years and she now lives on her mothers couch and her furniture is in storage in which I help pay the bill because I don't want her to lose all her stuff. Wheres the job for her? She doesn't get welfare her mother shares her Social Security check with her. Do you know how humiliating that is? People that are not good looking or to old or have what ever imperfection have a really hard time getting a job. What would you do let them starve to death because you don't want to pay $1000 dollars more a year more in taxes. Being poor is a horror in ways you would not ever understand because if you did you would not say such stupid things.
    (more)
  • Tasine Christian 2012/07/12 13:22:44
    Tasine
    +1
    NO! When I use the term "dead beats", I most decidedly do NOT refer to the poor. I refer to the lazy, the person who spends everything he has on nothing things, the person who never plans a single thing in his life to do better for himself, the person who WON'T work because he knows the government will steal from taxpayers to support him. I am talking about deadbeats who scam the system (and there are millions of them) and I KNOW it because I've worked amongst them. I cannot tell you how many on welfare drink, do drugs, prostitute, steal, abuse children, scam people. THOSE are the ones YOU are actually predominantly supporting - and those are the ones about which I am talking when I say "deadbeats".

    You don't hang ME disparaging the poor. I qualify as poor today, I grew up poor. My parents were poor. My parents worked like dogs. They had NO "treats" EVER. They would have died of starvation before they would have taken what was once called charity. They never had anything and they never cost anyone else a single dime. They never committed a crime, never did drugs, never drank, never went to a shelter - but they worked harder than anyone you ever met in the projects because they felt they HAD to. I have tremendous respect for them and I have tremendous contempt for D...

    NO! When I use the term "dead beats", I most decidedly do NOT refer to the poor. I refer to the lazy, the person who spends everything he has on nothing things, the person who never plans a single thing in his life to do better for himself, the person who WON'T work because he knows the government will steal from taxpayers to support him. I am talking about deadbeats who scam the system (and there are millions of them) and I KNOW it because I've worked amongst them. I cannot tell you how many on welfare drink, do drugs, prostitute, steal, abuse children, scam people. THOSE are the ones YOU are actually predominantly supporting - and those are the ones about which I am talking when I say "deadbeats".

    You don't hang ME disparaging the poor. I qualify as poor today, I grew up poor. My parents were poor. My parents worked like dogs. They had NO "treats" EVER. They would have died of starvation before they would have taken what was once called charity. They never had anything and they never cost anyone else a single dime. They never committed a crime, never did drugs, never drank, never went to a shelter - but they worked harder than anyone you ever met in the projects because they felt they HAD to. I have tremendous respect for them and I have tremendous contempt for DEADBEATS. Deadbeats are not the people with temporary needs who deserve some help. Deadbeats prevent the honest poor from having MORE. THAT'S the conservative take on welfare and its values.

    You don't preach to me like you are some saint and I am a horrible person, without getting an earful. If you want to continue this defense of deadbeats, go right ahead. You are the type who enables deadbeats because you cannot see any person on welfare as a deadbeat, and you internalize facts rather than see them as facts and you get defensive when there should be no need to. Democrats do not have the capability of using logic and separating the wheat from the chaffe. NOT EVERYONE ON WELFARE IS POOR BY ANY STRETCH OF THE IMAGINATION. Nor is everyone on welfare poor because of circumstances beyond his control. MANY, MANY are on welfare because they do not make wise choices, because of their chosen lifestyles, because of never thinking of unintended consequences. I'm tired of their living quite well BECAUSE of those things. They need to develop those skills so they don't need welfare. That's another conservative piece of philosophy.
    (more)
  • Christian Tasine 2012/07/12 15:16:51
    Christian
    You used the term as if you were talking about all. Stop defending the rich in this country, most inherited their money and have never worked a hard day in their lives. I have been working since 13, and never had a childhood. I was a busboy, waiter and bartender in rich places or servant if you will and saw first hand how badly rich people treat working people so please don't talk about how much taxes the rich pay. Most are greedy pigs and if it were up to me I would tax half of everything they have and own, especially the rich that have never worked a day.
    You tapped the wrong person lady, I am a Reagan Democrat and see both sides but have no pity for those that have no pity or kindness. Its a shame Europe is being punished so badly, because they are fair to the masses and not greedy like America is to its people. I love this country and would die for it but not for the reasons you may think. Nixon was a great president because him and Reagan were the only Republican Presidents that gave a dam about the poor.
  • Tasine Christian 2012/07/12 15:51:57
    Tasine
    +1
    I am truly sorry you have had such a horrid life that it has colored your perception. YOU talk about the rich as if you are including everyone of them, and you've also seen them in ONE venue - as a servant. That is really too bad. People who see themselves as servants instead of independent productive Americans will ALWAYS hate and envy those who have more. Be willing to bet you are better off financially than I am, but the difference is in how we view OUR OWN status.
  • Tasine Tasine 2012/07/12 15:53:59
    Tasine
    +1
    PS. If you would look at yourself as productive a person as the rich are, your chances of becoming rich will be enhanced. If you hate the rich so much, Heaven help you if YOU should ever be considered rich.
  • Christian Tasine 2012/07/12 16:34:53 (edited)
    Christian
    I am not a servant anymore but was at one time and if I had to be again, I would. No job is above or below me. If I had to I would scrub every toilette on this earth not to have to bow to the sick rich of this country. I never kissed anyone's ass in this world and never will. I used to serve some of the biggest mafia bosses in the country back in the day and they were better people then many of the rich old money and new money snobs that treat people with less like dirt. I was a bartender in Manhattan on Mulberry street and in the top hotels and met them all. if anyone knows sociology its me.
  • Tasine Christian 2012/07/12 16:46:13
    Tasine
    +1
    And I applaud you for climbing out of poverty. So did I. I'm thrilled I did it as I am sure you are that YOU did it. Do you believe people on welfare with no help to get OFF welfare ever experience that thrill?
  • Christian Tasine 2012/07/12 17:01:11
    Christian
    I don't believe in welfare I believe in education-fare, because that is fair.
    I believe in the 10 year plan for unwed moms and the five year plan for single men. Give them housing as much money as they needs and most important education vouchers and most will progress off welfare. If they don't go to school they don't get money. As for striker below, statistically speaking, most rich in this country inherited their money and never worked a hard day in their lives. All citizens rich or poor should have to join or be drafted into the Military to serve for 2 years but also to be among all so they understand each other and must participate in hard labor so they do not ever look down on those that must work hard for their money and also must serve our country.
  • Tasine Christian 2012/07/12 17:14:43
    Tasine
    +1
    I'm afraid your party does not support school vouchers. Republicans are pro-vouchers, Democrats historically anti-vouchers. Go figure.
  • Christian Tasine 2012/07/12 17:18:10 (edited)
    Christian
    I have no party lady. I voted for Reagan I voted for Bush senior I voted for Clinton I voted for Bush Jr twice, then unfortunately Obama..McCain would have been better. What am I lady?
  • Tasine Christian 2012/07/13 13:36:58
    Tasine
    What are you? Unprincipled is what you are. Democrats vote for the party. RINO Republicans vote for the party. Some people vote for issues. Many of us vote for principle. I believe all conservatives vote for principle, and they NEVER find it to be the Democrat Party. Most people who do vote, unfortunately haven't a clue what they are voting for. They are the ones I call unprincipled.
  • Christian Tasine 2012/07/14 03:00:57
    Christian
    I am unprincipled because I am not a blind puppet to a two party system that cannot even balance a budget, let a alone run a country properly. I vote for who I feel is ready to be president and do not take his party into consideration AT ALL. I watch the debates, I read about the candidate and what he or she proposes is the best policy's for running the country. I listen to the candidate, I watch the way he makes a speech and watch him carefully while he is doing so. I listen to the way he answers questions and very importantly read his history, then on election day I cast my vote. Whats the problem, I should blindly vote for whom ever because he or she is in my party, no dear that my dear is what intelligent people call STUPID!
  • Striker Christian 2012/07/12 16:30:30
    Striker
    +1
    The rich are those who worked and applied their minds to prosperity. You can do the same, but it would appear you would rather continue your jealousy. Only YOU can do what it takes to better yourself.
  • Christian Tasine 2012/07/12 06:49:14
    Christian
    Because the wealthy in this country are mostly greedy pigs that never worked a day in their lives.
  • Tasine Christian 2012/07/12 13:27:38
    Tasine
    +1
    THAT is a wanton LIE. How many wealthy do you know? None? How do you know how greedy they are or are not? If you see welfare as "compassion", you are severely naive. Assistance should be available to everyone who needs it - for a limited time, after which they should become productive members of society.

    I despise the class warfare the left rolls around in. It is hateful, mean, hurtful, totally without merit, and I would defend any wealthy person against the left because of the left's hatred for them - for NO reason but jealousy and greed of the left.
  • Christian Tasine 2012/07/12 17:05:08
    Christian
    Before Roosevelt the poor were exploited and treated like garbage, after they had a voice. The Republicans fought hard to stop women and Blacks from getting the vote. You are on the wrong side lady, they don't give a dam about you. If I were president, seniors would all get at least $4000 per month that worked a minimum of 20 years and would be able to easily pay for it without deficit.
  • Christian Christian 2012/07/12 17:06:54
    Christian
    As for striker below, he is typicle of a creep, he does not allow a comment because he is afraid of being challenged. He is a cowardly weazle.
  • Tasine Christian 2012/07/13 13:40:26
    Tasine
    He cannot disallow a comment. You can say anything you want - just not to him. He blocks no comments. He blocks people from commenting to him. Perfectly legitimate and , in your case, totally understandable.
  • Striker Christian 2012/07/12 16:24:45 (edited)
    Striker
    +1
    You would really be happier in a communist country. It will make you equally poor with all the others.

    Alternative: learn to revel in your own accomplishments, no matter how small. That's how you pull yourself out of your poverty-plight, one step after another.
  • Striker Christian 2012/07/12 16:33:31
    Striker
    +1
    Okay, so the graduated tax system we have is designed to screw the rich and relieve the rest from responsibility for themselves. Is that what you wish for the human species --- YOUR species?
  • Jackie G - Poker Playing Pa... 2012/07/11 14:31:19
    No one
    Jackie G - Poker Playing Patriot
    +1
    No one is getting a tax cut; not one single person.

    If his crappy idea flies, 53% of all small business will get a tax hike as well as all people who earn 250K and above.
  • HarleyCharley 2012/07/11 13:51:21
    No clue
    HarleyCharley
    +1
    I hope everyone....
  • Tasine HarleyC... 2012/07/11 14:23:58
    Tasine
    I would hope so too, and re this article, the "Bush tax cut" would remain in place for EVERYONE'S first $250,000.00 taxable income, but Obama doesn't really want that to get out. His supporters would be unhappy to see the rich get even a teensy bit of fairness, so he touts the "under $250,000.00".

    In reality I have no doubt all of us will be paying more than ever before, and if he remains in office we'll probably all be bankrupt before 2014.
  • Reichstolz 2012/07/11 13:50:46
    No one
    Reichstolz
    +1
    He is proposing keeping tax policy the same for those who do not support the burden of government.
    I love the fallacy of this argument, in any other genre, we would be talking about the current tax rates, but since this vapid suit has nothing beside blaming Bush to run on they are still considered "Bush tax cuts". They are established policy for over 10 years, hardly a Bush policy anymore they are Obama's tax rates.
  • Tasine Reichstolz 2012/07/11 14:24:46
  • Reichstolz Tasine 2012/07/11 14:26:53
    Reichstolz
    +1
    The funny part is the title, no one with any sense of honesty would expect any media outlet to actually accurately report anything.
  • Tasine Reichstolz 2012/07/11 14:30:21
    Tasine
    +1
    Isn't that the truth?!
  • Studied 2012/07/11 13:47:36
    No one
    Studied
    +2
    Obama is calling for a tax increase on those making over $250,000 by not extending the existing tax rates for those folks. NO ONE is getting a tax cut............this is misrepresentation of the facts.
  • Tasine Studied 2012/07/11 14:25:05
  • Studied Tasine 2012/07/13 13:42:27
    Studied
    Sorry, Obama does NOT use the phrase "taxable Income", he states those EARNING of $250,000 a year. This article is trying to whitewash Obamas statement by assuming something not said by Obama. If Obama means "taxable income" he should state that.
  • Tasine Studied 2012/07/13 13:59:54
    Tasine
    Aha! I didn't catch that! Thanks.
  • Studied Tasine 2012/07/13 14:22:41
    Studied
    +1
    Your welcome. It is really important to read between the lines.
  • sglmom 2012/07/11 13:45:17
    No one
    sglmom
    +1
    Bottom line ..
    I know my taxes are going UP .. I have the projections in hand for my next years tax bills already .. and there's nothing being 'cut' to those bills (they are increases .. )
    this despite the fact that my personal earnings are less than that $250K threshold .. )

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