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Bushs tax cuts did benefit me, but only a little bit. The fact of the matter is that the richest people in the country will have had a total tax break of about 5-6% of their income by the time the tax breaks expire in 2010. The upper middle class (where I am) on down to the poorest will have received a 1-2% cut. I understand that my cut will not be the same dollar figure as Warren Buffet because he makes more. His dollar level should be significantly higher, but why is his percentage also higher
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Very simply put, his percentage is higher than yours cause he pays at a higher percentage tax rate than you!!!!!!!!!!! My main concern with OB is that he will have to raise taxes on a lot more folks than the "very rich" to fund all the give-a-way programs he has said he wants to do.
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A lot of you guys are complaining about 'redistribution of wealth'. It is a poor choice of words because Obamas plan re-allocates the tax burden. I will not be getting any of your wealth, I will just be keeping more of mine.
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Agree with you on that one.
Those words are NOT MINE, they are OBs.... Same as when he said about slicing up the pie,saying EVERYONE should get a piece of the pie,there I disagree,you should only get a piece of the pie if you work for it....
OBs plan as you say re-allocates the tax burden and I agree with that statement, but, I also think that raising the tax burden on the rich will have a "trickle down" effect, as in layoffs and higher prices for goods and services to offset the higher tax burden,IMHO........
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My money gets redistrubuted to those poor states like GA ($1.01), AZ ($1.19), MO ($1.32), and LA ($1.78).
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Yes it does and I'm from Louisiana, and I know what you mean when you look at those numbers....We are trying to do something about it, we finally elected a governor that has a little bit of brains and wants to do the right thing. So far, hundreds of state employees and appointees have quit, because of his honesty and desire to make everyone accountable for their job and actions.......he has fired a number of high level folks simply cause they couldn't do the job they were getting paid to do, for once in a very long time, the governor has delivered on his campaign promises, and things are slowing changing for the better........
We've had far too many years of corrupt and in-ept democrats running our state goverment.... Our three term governor is in the federal jail right now, he's from my home town and my dads highschool classmate and I know him personally, but he was a crook......the last four Insurance Comissoiners are either in federal jail right now or have served their time in federal jail and are now out..
We've had the best politicians money can buy!!!!!!!!! it's ashame to say it, but, it's the truth.....only the voters can change that, and we're trying........
David
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