An Obama win on taxes for rich could still mean middle class takes a hit | TigerDroppings.com
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CajunAngele
LSU Fan
Member since Oct 2012
16051 posts

An Obama win on taxes for rich could still mean middle class takes a hit

By Zachary A. Goldfarb, Published: December 5

SNIP

According to economists, if the payroll tax cut is not extended at the end of the month,
it will mean at least $1,000 less in take-home pay for the average family.

If unemployment benefits are not extended, 2 million people could lose their income.

And wealthy people would pay far more in taxes.

LINK
_________________________________________________________________________________________________________________________________________________________________________________________

Even Howard Dean gets it...

quote:

Howard Dean Exposes Obama's Need For Middle Class Tax Increases - Investors.com


Yet...Obama's Saturday morning, state run media order, is this talking point headline.

Does Obama really think people will fall for this?

quote:

Obama: Republicans Blocking Middle-Class Tax Cuts
This post was edited on 12/8 at 11:27 am



white perch
Northwestern St. Fan
the bright, happy side of hell
Member since Apr 2012
3616 posts

re: An Obama win on taxes for rich could still mean middle class takes a hit
The middle class will take a hit. The rich will just increase the price of whatever they're selling.

The rich will be fine. The poor will still be poor. The middle class will bear the weight.



BigJim
LSU Fan
Baton Rouge
Member since Jan 2010
3760 posts

re: An Obama win on taxes for rich could still mean middle class takes a hit
The payroll tax needs to be reinstated. That "holiday" helped drain already unfunded systems.

And unemployment benefits should go back to their regular levels. I get providing a temporary safety net to people down on their luck. That's a good idea. But two years! You are paying people not to work. That's crazy.


Zach
LSU Fan
Member since May 2005
68941 posts

re: An Obama win on taxes for rich could still mean middle class takes a hit
Good article, Angele, but can you re-format so the quote doesn't stretch across the screen?


CajunAngele
LSU Fan
Member since Oct 2012
16051 posts

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CajunAngele
LSU Fan
Member since Oct 2012
16051 posts

re: An Obama win on taxes for rich could still mean middle class takes a hit
Sorry. I copied and pasted the article. I have no idea why it stretches to the right across the screen.


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CajunAngele
LSU Fan
Member since Oct 2012
16051 posts

re: An Obama win on taxes for rich could still mean middle class takes a hit
I fixed it by cutting the article out a lot.

I read others posts on here all long sentenced stretched to the right. So it must be my formatting?

I apologize.


lsufan112001
New Orleans Saints Fan
sportsmans paradise
Member since Oct 2006
6011 posts

re: An Obama win on taxes for rich could still mean middle class takes a hit
The middle class will take a hit. The rich will just increase the price of whatever they're selling.

The rich will be fine. The poor will still be poor. The middle class will bear the weight
____________________________

and that's a fact...


CajunAngele
LSU Fan
Member since Oct 2012
16051 posts

re: An Obama win on taxes for rich could still mean middle class takes a hit
But, but, but, Rachel Maddow met with Obama in the oval office and said Obama is great and the pubs want to screw the poor and eat their puppies.


Zach
LSU Fan
Member since May 2005
68941 posts

re: An Obama win on taxes for rich could still mean middle class takes a hit
Instead of cutting and pasting, did you use the 'quote' markup? That should keep it in line.


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Jbird
Iowa Fan
In Odramaville with EthanL
Member since Oct 2012
18571 posts
Online

re: An Obama win on taxes for rich could still mean middle class takes a hit
quote:

screw the poor and eat their puppies


shite I missed the puppies, I signed up for drowing their kittens, can I swap to eating their puppies?


CajunAngele
LSU Fan
Member since Oct 2012
16051 posts

re: An Obama win on taxes for rich could still mean middle class takes a hit
Let's see...the dem talking points of yesterday was

THE REPUBLICANS WANT TO TAX THE MIDDLE CLASS

What will the new talking points be?

THE REPUBLICANS EAT PUPPIES, DROWN KITTENS AND THROW OLD PEOPLE IN WHEELCHAIRS OFF OF CLIFFS


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NC_Tigah
LSU Fan
Member since Sep 2003
57065 posts
Online

re: An Obama win on taxes for rich could still mean middle class takes a hit
quote:

The middle class will take a hit. The rich will just increase the price of whatever they're selling.

The rich will be fine. The poor will still be poor. The middle class will bear the weight.
This.
Except the rich will also spend less, protect assets more, and the Velocity of Money with its influence on tax revenue will remain at Post-WWII lows. The Middle Class will get hit with further increases in taxes and further decreases in employment.



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Taxing Authority
LSU Fan
Houston
Member since Feb 2010
24500 posts

re: An Obama win on taxes for rich could still mean middle class takes a hit
Even Howard Dean gets it...

quote:

"This is, initially, gonna seem like heresy from a progressive," Dean said. "The truth is, everybody needs to pay more taxes, not just the rich. That's a good start, but we're not gonna get out of this deficit problem unless we raise taxes across the board."
Holy dogsh*t. I just agreed with Howard Dean.

The middle class will indeed bear the load. It's the only possible way. The middle class has way more income than the rich. The rich don't have enough even if you took it all at current spending rates. Of course, at current spending rates, even the "middle class" doesn't have enough unless you jack rates up effective rates to around 50%... (it's the spending stupid!)
This post was edited on 12/9 at 9:14 am


Lsut81
USA Fan
Member since Jun 2005
65829 posts

re: An Obama win on taxes for rich could still mean middle class takes a hit
quote:

Holy dogsh*t. I just agreed with Howard Dean.


Image: http://baldandeffective.com/uploaded_images/deanscream-794410.jpg


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RedStickBR
LSU Fan
Member since Sep 2009
10227 posts

re: An Obama win on taxes for rich could still mean middle class takes a hit
Good. Tax the shite out of the middle class. The country deserves to get taxed to hell and back for putting this character back in office. It's time for Americans to feel some pain and then decide if they like the cost of an expanding state.


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NC_Tigah
LSU Fan
Member since Sep 2003
57065 posts
Online

re: An Obama win on taxes for rich could still mean middle class takes a hit
quote:

The truth is, everybody needs to pay more taxes, not just the rich. That's a good start, but we're not gonna get out of this deficit problem unless we raise taxes across the board.
Ironically, the reason across the board tax hikes will help has nothing to do with revenue. The revenue impact would be miniscule. Raising taxes for everyone, back to Clinton levels, only eats into our annual deficits by 10%.

Tax hikes would give a Do-I-Have-Your-Attention-Now Slap in the face to Obama voters. They've been skipping around in a happy fog thinking fiscal issues will be shouldered by someone else. The sting of that slap might just wake them up. Tax the ever-loving sh*t out of Americans. All Americans! Do it. Please!

Because there is no better way to get voters focused on the malignant nature of our deficit spending and debt.


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Poodlebrain
LSU Fan
Way Right of Rex
Member since Jan 2004
16884 posts

re: An Obama win on taxes for rich could still mean middle class takes a hit
quote:

The payroll tax needs to be reinstated. That "holiday" helped drain already unfunded systems.
Harry Reid personally assured us that Social Security is not the problem. Don't you trust Harry Reid? LINK

quote:

And unemployment benefits should go back to their regular levels. I get providing a temporary safety net to people down on their luck. That's a good idea. But two years! You are paying people not to work. That's crazy.
Nancy Pelosi says that paying unemployment creates jobs. Surely you want to keep creating jobs? LINK

How do you expect our leaders to fix the economy if you have crazy ideas like not spending money you don't have or expecting people to be productive? Those are outdated concepts from the age of our foolish parents who were stupid enough to work themselves into the poverty we inherited. They didn't realize the government could have given them everything they worked for and more if only they had elected the right people.


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RockyMtnTigerWDE
Auburn Fan
TOKEN ROCKY
Member since Oct 2010
51126 posts

re: An Obama win on taxes for rich could still mean middle class takes a hit
Middle class has been taking a hit. New fee's and regulations on businesses is really an indirect tax on consumers. However, it doesn't affect the majority of the left.


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