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Thread: $250.000.00 A Year Isn't Rich...RIGHT

  1. #9
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    Feb 2001
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    Post Re: $250.000.00 A Year Isn't Rich...RIGHT

    Isn't the average income in this country around $45,000? You have to take this $250,000 income relative to what most people make... and the vast majority of people in this country don't make anything close.
    By that average, $250,000 is very well off indeed.

    I remember reading an article that said that studies show that people are happiest when they reach about $75,000... that making more doesn't equal any more happiness.

    I agree with you mtj... this guy is a whiner and he should shut up and think about all the people in this country who don't even have jobs- let alone make $250,000 a year.

  2. #10
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    Jan 2000
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    Post Re: $250.000.00 A Year Isn't Rich...RIGHT

    Yep Reines, $250,000.00 a year is WAY above the average US salary.
    It's actually a good bit above those who are considered to make
    "good money".
    I'm sure plenty of people could live very comfortably and "complaint free" on that kind of salary.

  3. #11
    Join Date
    Jul 2000
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    Post Re: $250.000.00 A Year Isn't Rich...RIGHT

    Whether or not a person earning 250K a year considers himself rich is not really important. What is important is that he be allowed to keep his own money. To cut taxes on everyone but the highest earners is profoundly unfair. Punishing someone for being successful is a very poor ecconomic policy.

    But besides being unfair there is alo the fact that it doesn't work. To avoid paying extra taxes high earners will find ways to hide their income. It is a fact that when taxes rates are lowered more meny actually comes int the treasury.

  4. #12
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    Post Re: $250.000.00 A Year Isn't Rich...RIGHT

    I think you have to stop looking at a progressive tax system as "punishing those who are successful". That's ridiculous. You think Bill Gates feels "punished"? WE have a progressive system for a good reason... because those who can afford to pay more should pay more.

    It's a fact that those on the lower end of the income structure are much more impacted by taxes in life than those on the higher end. Payroll taxes hit lower income people much more... and porportionately, lower income people pay more in taxes. But all you ever hear from the party that's invested in allowing a Plutocracy in this country is about income taxes.

    When we're in the kind of deficit hole that we are right now... it's irresponsible and foolish, IMO, to think that those who are making much, much more than most can't pay 3% more! Funny thing... they did during Clinton's time and strangely enough, it didn't seem to stifle anyone! And they certainly paid much, much more in our past (91% during Eisenhower's presidency!)... and those were some of most prosperous times!

    This talking point that paying your fair share of taxes is "punishing" you is just the kind of selfish, greedy and short-sighted thinking that's got us in this mess. Maybe it's time to stop always thinking about what's being taken away from you and start thinking about how you can contribute more to the common good? Just a thought.

  5. #13
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    Post Re: $250.000.00 A Year Isn't Rich...RIGHT

    Quote Originally Posted by reines View Post
    those who can afford to pay more should pay more...

    This talking point that paying your fair share of taxes is "punishing" you is just the kind of selfish, greedy and short-sighted thinking that's got us in this mess. Maybe it's time to stop always thinking about what's being taken away from you and start thinking about how you can contribute more to the common good? Just a thought.
    Perfectly said Reines.
    I agree.

  6. #14
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    Post Re: $250.000.00 A Year Isn't Rich...RIGHT

    Lowering taxes across across the board would give a boost to the economy and it would also INCREASE tax revenues.

    John F. Kennedy understood this.

    http://www.erictyson.com/articles/20100805

  7. #15
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    Feb 2001
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    Post Re: $250.000.00 A Year Isn't Rich...RIGHT

    Two things- John Kennedy wasn't facing the huge deficit that we are today. And the tax rates on the highest income levels were much, much higher than what they are paying now- or would be if the rates were repealed 3%.

    This is so ridiculous. Because all we're talking about here is a 3% increase for the TOP income levels! Repealing them to what they were under Bill Clinton's presidency- which was certainly a time of great prosperity and job growth, no? Everyone making under $250,000 would keep their tax cut- what Obama called for is ONLY the repeal of the very top. Who can certainly afford that measely 3% increase. The reality is that we had four big tax cuts for the highest income levels under George Bush... and we all know how dismal his job growth record was- and how the economy fell off the cliff! If giving the plutocrats among us tax breaks really guaranteed us fantastic job growth and economic prosperity- why, then we wouldn't be in the mess we're in right now, would we?

    Only Republicans would spend fourteen months yelling and screaming about the deficit... and then refuse to support a tax cut for the wealthiest sunsetting...as it was written into law to do. Go figure.

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