Why 250,000?

by Hellsangel Sat Nov 10, 2012 7:13 pm

Why not make it an even million?

No one will oppose it then.

by Marathadi-Saamiyaar Sat Nov 10, 2012 9:08 pm

Hellsangel wrote:Why not make it an even million?

No one will oppose it then.

I agree....

Those who make a million cannot take ANY DEDUCTIONS.

by Idéfix Sun Nov 11, 2012 8:25 pm

Are you sure no one will oppose it then? If yes, why are you sure of that?

by Hellsangel Sun Nov 11, 2012 9:21 pm

You live in a high cost of living state. Does 250,000 cut it for you?

by Petrichor Sun Nov 11, 2012 9:28 pm

Median income (please refer to a definition of 'median' if it helps) in CA for a 4 person family is 79K. How many of them do you exactly figure are smoking marijuana, hanging tens and slacking off to electronic trance music?

by Marathadi-Saamiyaar Sun Nov 11, 2012 9:35 pm

Hellsangel wrote:You live in a high cost of living state. Does 250,000 cut it for you?

When the dems suggest something it is treated as final by the Rep., while what the republicans state is almost always their final and ONLY position.

250K can be a starting solution and they can negotiate linking it with other factors including cost of living.

1) cost of living
2) 10mill exemption for small BLUE collar firms
3) number of employees
4) health insurance
5)# hired the previous year
6) remaining college loans

etc...etc..and more etc..

by Hellsangel Sun Nov 11, 2012 9:37 pm

atcg wrote:Median income (please refer to a definition of 'median' if it helps) in CA for a 4 person family is 79K. How many of them do you exactly figure are smoking marijuana, hanging tens and slacking off to electronic trance music?

CA is not just the bay area or La Jolla

No one is taxing the 79k earners. But there is no reason to punish people just making a decent living in areas like the Bay Area with some lofty socialist principles.

by Marathadi-Saamiyaar Sun Nov 11, 2012 10:18 pm

Hellsangel wrote:
atcg wrote:Median income (please refer to a definition of 'median' if it helps) in CA for a 4 person family is 79K. How many of them do you exactly figure are smoking marijuana, hanging tens and slacking off to electronic trance music?

CA is not just the bay area or La Jolla

No one is taxing the 79k earners. But there is no reason to punish people just making a decent living in areas like the Bay Area with some lofty socialist principles.

Hey who is stopping you from moving to Kansas?...(Beware: State Taxes here are higher than in NY State, anyone making more than 100K will be audited).

by truthbetold Sun Nov 11, 2012 10:34 pm

Static 250000 will get everyone with inflation effect in near future. All working couples will get hit. Amt rule from mid 80s caused similar problems.

by Petrichor Sun Nov 11, 2012 11:14 pm

Hellsangel wrote:
atcg wrote:Median income (please refer to a definition of 'median' if it helps) in CA for a 4 person family is 79K. How many of them do you exactly figure are smoking marijuana, hanging tens and slacking off to electronic trance music?

CA is not just the bay area or La Jolla

No one is taxing the 79k earners. But there is no reason to punish people just making a decent living in areas like the Bay Area with some lofty socialist principles.

Californians should pay a surtax just for the weather! With a tax loophole for traffic...maybe.

by Idéfix Mon Nov 12, 2012 4:31 am

Hellsangel wrote:You live in a high cost of living state. Does 250,000 cut it for you?

My personal tax situation is not the issue here. You said "no one will oppose a tax increase for people making more than $1 million a year." Do you still think no one will oppose it? If so, why do you think so? (Hint: This was an idea that was on the table as part of the aborted Grand Bargain. And it was opposed by enough GOP lawmakers that they walked away from the bargain.)

PS: I am fine with paying a little more in taxes in order to help close the deficit. I would support that if and only if people like Romney who make a lot more than I do pay an effective rate at least as high as my future rate.

by MaxEntropy_Man Mon Nov 12, 2012 8:53 am

panini press wrote:
Hellsangel wrote:You live in a high cost of living state. Does 250,000 cut it for you?
My personal tax situation is not the issue here. You said "no one will oppose a tax increase for people making more than $1 million a year." Do you still think no one will oppose it? If so, why do you think so? (Hint: This was an idea that was on the table as part of the aborted Grand Bargain. And it was opposed by enough GOP lawmakers that they walked away from the bargain.)

PS: I am fine with paying a little more in taxes in order to help close the deficit. I would support that if and only if people like Romney who make a lot more than I do pay an effective rate at least as high as my future rate.

i wish the republicans on the bargaining table had taken it. in some expensive communities $250 k is a policeman husband, school teacher wife, and a couple of kids. it can't be compared with a family making the same income in podunk USA. granted at any income level there will be whining but the higher you go up the income scale the lower the volume of the whine.

by MaxEntropy_Man Mon Nov 12, 2012 11:43 am

here is another idea that i heard from some moderate republican/libertarian friends that the president should consider seriously. tax cap gains as ordinary income in exchange for eliminating corporate taxes. that will encourage corporations to bring capital held outside the US to escape taxes, back to the US and spur job growth. i am told (though haven't personally seen them) that many studies have shown that corporations always ding employees on salaries and benefits when the tax rates go up instead of punishing shareholders.

by Idéfix Mon Nov 12, 2012 2:50 pm

MaxEntropy_Man wrote:i wish the republicans on the bargaining table had taken it.

I wish that too. I think letting the Bush tax cuts expire for people with over $1 million in income is the best possible idea, but the GOP may not take it. If they refuse to support that, I am OK with letting the cuts expire for people between $250,000 and $1 million as well.

by artood2 Mon Nov 12, 2012 3:26 pm

Hellsangel wrote:You live in a high cost of living state. Does 250,000 cut it for you?

that state just voted for tax increase!

by Hellsangel Mon Nov 12, 2012 3:42 pm

artood2 wrote:
Hellsangel wrote:You live in a high cost of living state. Does 250,000 cut it for you?

that state just voted for tax increase!

These Californians must be crazy!

by Hellsangel Mon Nov 26, 2012 3:39 pm

http://www.nytimes.com/2012/11/26/opinion/buffett-a-minimum-tax-for-the-wealthy.html?hp

by MaxEntropy_Man Mon Nov 26, 2012 3:46 pm

i don't like the $250 k cutoff. i wish it was higher, but because i want to put my money where my mouth is, and don't like hypocrisy, i won't whine. but if buffett wants to bat for me, i'll just say thank you.

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