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Obama Pushing for Tax Hike on Top Earners: If You Make $250K+ a Year, Should You Have to Pay More?

Chris D 2012/07/09 16:00:00
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Politicians love to raise taxes -- and it's not just the Democrats! Do you think that those who are successful and achieve greater income should have to pay a disproportionally greater share of the tax burden?

FOXNEWS.COM reports:
President Obama, amid charges of waging class warfare, is expected to push Monday for a tax hike on families earning more than $250,000 -- and an extension of the Bush-era tax rates for families making less than that.
tax hike families earning 250000 extension bush-era tax rates families

Read More: http://www.foxnews.com/politics/2012/07/09/obama-t...

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  • Mike DavidK 2012/07/11 20:23:51
    Mike
    +2
    I'll educate you a little more about the high earners.....they Govt is not going to get more of my money....the reason why is I control how much money comes in to USA ....most high earners are like me and have money all over the world.....the people that is going to hurt...is middle class...say he ups mine to 9 to10%....he will be fair and tax the middle class only 3 to 4%...and they will think they won....but Obama knows....the rich will not pay more...but the middle class will and there is more of them......
  • Marvelo... Mike 2012/07/11 23:00:38
    Marvelous Wildfire
    +1
    There you go using LOGIC and REASON again!
    (Thank You!)
  • Mike Marvelo... 2012/07/11 23:03:45
    Mike
    +1
    YEap....the question is....would you rather have 10 Five Dollar bills....or 100 One Dollar bills...??...that's what this Tax hike is about..
  • DavidK Mike 2012/07/12 05:09:19 (edited)
    DavidK
    We still pay more, I do. Will he get more, of course not. Might he force me to move overseas? Only if my company penalized/taxed out of the competitive market. I too am limited to the amount I can bring into the US personally, but my company cannot. I can't hide my business costs.
  • Mike DavidK 2012/07/12 05:39:13
    Mike
    +1
    Your right...but if you open businesses in other parts of the world and deliver same products and services.....now you can have an off shore account ...place your business headquarters in one of those other areas......now you just bring into the USA what you need to be taxed on.....I bring in $anywhere from $200,000 to $300,000.....so yeap..I'm in that high cost bracket.....but it's ok..I have two daughters that are enjoying the luxury of being an USA citizen...so I should pay my taxes here....on what it cost for me to keep them in school...and funded.......good luck
  • DavidK Mike 2012/07/13 04:43:30
    DavidK
    I did 2 1/2 years ago. ;)
  • Mike DavidK 2012/07/13 15:20:46
    Mike
    And your still being taxed on businesses across the globe...??...do you have a corporation or LLC...???....If you have a Corporation just put the main office somewhere you like to go.......Antigua...Panama....... (will be expensive there ) .....but keep it there and the USA can't touch you....because you have a GLOBAL business not USA....also you have to have clients outside of USA.....good luck David...
  • DavidK Mike 2012/07/13 17:00:42 (edited)
  • Mike DavidK 2012/07/13 18:01:23
    Mike
    +1
    Good for you....!!!...RAVE..!
  • Ed 2012/07/11 15:10:02
    No
    Ed
    +2
    Obama Care Taxes will affect all income brackets not just those above the $250,000. Why do you think Liberals did not want this in effect till after the 2012 elections?
  • JimShou Ed 2012/07/11 20:59:14
    JimShou
    +1
    Right...What about a single person..... he always refer to "the family" he lying to his base
  • Ed JimShou 2012/07/12 13:55:35
    Ed
    +1
    Barack? he lies all the time to anyone, lol. He is a liar, he can't help himself.
  • Jkirk3279 Ed 2012/07/12 02:26:04
    Jkirk3279
    Obama has stated OVER and OVER that he wants to continue the tax cuts for people making less than $250,000.

    Of course, those that already hate him continue to lie about his intentions.
  • Marvelo... Jkirk3279 2012/07/12 05:51:58
    Marvelous Wildfire
    Obama also said unemployment wouldn't raise above 8%, he's close Gitmo, and his would be the most transparent administration in U.S. history.
    OH! And did you see the debate on the ObamaKare bill televised on CNN, 3 *DAYS* before the vote? Did Obama ever read the ObamaKare bill?
  • Ed Jkirk3279 2012/07/12 14:01:34
    Ed
    That is because those tax cuts are Bush's fault but for some odd reason Barack has extended them, hmm.

    You think it's a lie that Obama Care will raise taxes on everyone, then the OMB is lying.

    You don't think that raising corporate taxes will somehow and somewhere along the line be passed down as costs to the consumer, including those who make under $250k/yr?
  • RandyScott (Party of One) 2012/07/11 14:41:12
    No
    RandyScott (Party of One)
    +1
    When are politicians going to quit playing class warfare games. The rich already pay the majority of tax's, and with the graduated tax rates, combined with tax credits, the poor are paying virtually nothing, or are taking from the system.
  • RJeffreySavlov 2012/07/11 14:36:12
    It depends
    RJeffreySavlov
    +2
    It depends on how you look at it. The top earners are paying much more Dollars than the rest even at current rates so they are paying more taxes than the lowest 50% who are contributing NOTHING. Maybe the lowest 50% should pay something especially the career welfare recipients. It's time that everyone contribute to their own well being.
  • iamnothere 2012/07/11 14:18:39
    No
    iamnothere
    +1
    people here wonder why I call him OSCUMBO.. stealing the hard work of those who earn money.. that is the bottom line..

    Take money from the top earners.. and POOF UP goes the number of people out of work..

    It is simple math.. And even he understands ...

    Reality .. we have a SPENDING problem.. we are on tract to spend 1.3 trillion more than we are collecting
  • ruralntex 2012/07/11 14:11:54
    It depends
    ruralntex
    +3
    If the government can balance a budget, and freeze expenses and taxes for 20 year, then maybe they can earn the responsibility of additional revenue. However, seeing some fiscal responsibility in Washington is absolute must. A budget, balanced or not would be a start.
  • Mike ruralntex 2012/07/11 20:25:34
    Mike
    +1
    I like this....20 years...I like that a lot..!
  • AM 2012/07/11 13:50:21
  • HOMBRE AM 2012/07/11 13:56:44
    HOMBRE
    +2
    What about people owning stocks that pay a dividend. The dividend is going to be taxed over 50%.So if you are depending for a dividend check to maintain your life style one stage up from eating dog food will hope you enjoy Alpo
  • AM HOMBRE 2012/07/11 14:08:02
  • HOMBRE AM 2012/07/11 14:10:27
    HOMBRE
    +3
    These libtard stuck on stupid.Cant believe what sheep they are.You tell them about this and they dont care.Mostly college kids.They dont have it now so they want it taken away from people that did the right thing and earned it.
  • Tony HOMBRE 2012/07/11 19:55:01
    Tony
    +6
    It's envy.
  • Mike AM 2012/07/11 20:27:39
    Mike
    +2
    DING DING DING DING..!!!!...again....RAVE.!
  • Bilingu... AM 2012/07/12 17:06:43
    Bilingual required sucks
    That was Bushie's fault[...] Obama was pushing for banking regulation as a Senator, when Bush was tearing them down, which led to the disaster that ruined everyone's 401K. Lay the blame where it belongs.
  • kerijay Bilingu... 2012/07/16 12:13:53
    kerijay
    Yes, put the blame where it belongs OBAMA. BARNEY FRANK, DODD, RAINES and the rest of the democrats. FREDDIE and FANNIE. Wake up and tell the truth.
  • Mike AM 2012/07/11 20:26:24
    Mike
    +2
    DING DING DING DING..!!!!......I love this ..!!!...RAVE..!!!
  • AM Mike 2012/07/11 20:34:38
  • Mike AM 2012/07/11 22:01:19
    Mike
    +3
    DONE..!!...haha...kind of the you scratch my back I'll scratch yours...haha
  • Marvelo... AM 2012/07/11 23:03:28
    Marvelous Wildfire
    +1
    BRAVO! BRAVO! BRAVO!
    Well stated!
  • Dave**Gay for Girls** 2012/07/11 13:44:51
  • Bilingual required sucks 2012/07/11 12:17:08 (edited)
    Yes
    Bilingual required sucks
    +1
    It is just the Bush tax cuts expiring and going back to the same levels under Bill Clinton. That is not a tax hike. They were meant to expire.
  • RandySc... Bilingu... 2012/07/11 14:47:38
    RandyScott (Party of One)
    +5
    Those same tax cut you want to expire also reduced the tax's on the poor. So do you want them all to expire?, or just on those evil rich people?
    Let's keep punishing people who have worked hard to get ahead, by giving what they have earned to the poor. Doesn't make a lot of sense to me.
  • Bilingu... RandySc... 2012/07/11 15:52:42 (edited)
  • Emily1126 Bilingu... 2012/07/11 18:14:37
  • Mike Bilingu... 2012/07/11 20:34:06
    Mike
    +2
    haha......oh boy....sometimes you just can't educate people in logic....just sayin
  • RandySc... Bilingu... 2012/07/12 12:00:00
    RandyScott (Party of One)
    +1
    Typical response from someone who want a handout.
  • Bilingu... RandySc... 2012/07/12 13:23:01 (edited)
    Bilingual required sucks
    Yeah, well I do cancer research, so I don't need any handouts Gramps.
    Did you even know that the tax "hike" will only affect people that make above $250,000? Everyone will keep the same tax break rich or poor UP TO $250,000. Anything earned over $250,000 the taxes will return to the Clinton era tax rates. So if a person makes $350,000 a year only $100,000 will be subject to the higher tax rates. Get it now?

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