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The time is now 11:01 pm
You last visited
April 27, 2024, 10:36 pm
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Eastern Time (GMT-5:00)
Tax break vote for everyone maybe thursday.
Published:
This tax break bill in the house is for everyone up to $250,000 a year.Republicans want it for higher then 250 thousand.As we see now,this doesn't work for anyone except the wealthy.Then they hoard this money away from Obama so it makes him look like his policies don't work,when really it's the republican policies that are stopping Obama.
Comments
Government
Democrats aim to hike taxes on the little guy"Senate Democrats passed a so-called middle class tax cut [last] week on a mostly partisan vote, but the move was more political theater than tax legislation. For months, the Democrats, with President Obama leading the charge, have hammered home that they want to preserve lower tax rates for those Americans earning less than $250,000 a year and help pay for lost federal revenues by making wealthier individuals pay higher taxes. ... But who are those 'wealthiest Americans' the Dems keep citing? Illinois businessman Wilson F. Hunt Jr. recently passed on to me the details of how his small business, which he owns with his wife, will be ensnared in this scheme to soak the rich. Last year, his company reported $1.5 million in 2010 income. But because his company elects to pay taxes as a Sub-chapter S Corporation, all the company's profits are reported on the couple's individual income tax returns as the sole shareholders in the company. They paid almost $1.1 million in taxes in 2010, yet the couple paid themselves only a combined salary of $189,000. The rest of the income was put into retained earnings, which the company could then use to expand its business the following year. Hunt explains it this way: 'In order to earn a salary of $189,000 and continue growing our business last year, we had to pledge our house and most of our personal assets to a bank as collateral on a business loan. If the business were to fail, we could lose our home and life savings.' Yet the Democrats vilify people like him as the rich out to cheat the middle class. ... We shouldn't envy people like Hunt; we should thank them for helping build an economy that makes us all better off. But don't try to convince Democratic politicians -- they're too busy stoking class resentment to appreciate that some of those 'millionaires' are the ones out there actually creating jobs." --columnist Linda Chavez
Linda Chavez was ALSO the Bush cabinet member caught with an illegal immigrant working as her housekeeper.Duuuuh!
Maybe you could call John (Horseface) Kerry and tell him to stop mooring his foreign-made yacht in Rhode Island to avoid those humongous taxes in Massachussets that he enacted.
I never knew you were such a standup guy or I would have told you about this sooner.
Let us know what he says.
All I see is you, scorpio, and a few others posting opinion, which in itself is incredible as you all are Obama parrotts .
So I post stuff with a source. So shoot me.
Cuz that's all I hear when I ask him a question.
Hear it?
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