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AP sources: New Obama offer moves toward Boehner with $400,000 tax hike threshold (Original Post) trailmonkee Dec 2012 OP
So, we've gone from 250,000 to 400,000. What a negotiator! Sure glad we don't own the teddy51 Dec 2012 #1
What is the net revenue impact? jberryhill Dec 2012 #2
I have no idea, but it is another copout by Obama. As I said in an earlier post, he does not teddy51 Dec 2012 #3
So, you have no idea what is the impact jberryhill Dec 2012 #4
I frankly don't really give a shit what the impact is, it's a copout period. teddy51 Dec 2012 #6
Okay, so whether we end up with workable policy is beside the point jberryhill Dec 2012 #7
Nope, 400,000 is much to high IMO. And again, I don't care what it does to the bottom teddy51 Dec 2012 #9
That's pretty funny jberryhill Dec 2012 #12
I care about who should start paying taxes and at what rate of earnings. $250,000 is a very teddy51 Dec 2012 #13
But someone making 230,000 shouldn't, right? jberryhill Dec 2012 #14
Have a nice nite berry! teddy51 Dec 2012 #15
In a place like NYC or San Fransico or LA, or DC $ 400 k is not rich... WCGreen Dec 2012 #17
Apparently it is all about purity. letemrot Dec 2012 #11
You realized he doubled the revenue request after the election democrattotheend Dec 2012 #18
I don't mind the change, and no, we are nowhere near Ilsa Dec 2012 #5
Really? Shit, I would love to live a life style like that. Not sure I would consider myself teddy51 Dec 2012 #8
It's not as if a person's retirement is fully funded Ilsa Dec 2012 #16
And seniors move toward the ciff and are thrown over. forestpath Dec 2012 #10
 

teddy51

(3,491 posts)
1. So, we've gone from 250,000 to 400,000. What a negotiator! Sure glad we don't own the
Mon Dec 17, 2012, 10:44 PM
Dec 2012

WH and the American people.

 

teddy51

(3,491 posts)
3. I have no idea, but it is another copout by Obama. As I said in an earlier post, he does not
Mon Dec 17, 2012, 10:49 PM
Dec 2012

have the stomach for controversy.

 

jberryhill

(62,444 posts)
4. So, you have no idea what is the impact
Mon Dec 17, 2012, 10:52 PM
Dec 2012

But moving from one arbitrary number to another arbitrary number is a big deal to you, regardless of whether it closes the gap.

 

jberryhill

(62,444 posts)
7. Okay, so whether we end up with workable policy is beside the point
Mon Dec 17, 2012, 10:56 PM
Dec 2012

What matters is who wins a dick waving contest.

 

teddy51

(3,491 posts)
9. Nope, 400,000 is much to high IMO. And again, I don't care what it does to the bottom
Mon Dec 17, 2012, 11:01 PM
Dec 2012

line. Anybody making 250,000 per year should be subject to higher taxes, no exceptions. We have let all of these rich, semi rich and mega rich escape for long enough. Toughen up Obama, or get out of the pool.

 

jberryhill

(62,444 posts)
12. That's pretty funny
Mon Dec 17, 2012, 11:20 PM
Dec 2012

So it is "too high" for what, if you don't care what the rates are and what the bottom line impact is?

 

teddy51

(3,491 posts)
13. I care about who should start paying taxes and at what rate of earnings. $250,000 is a very
Mon Dec 17, 2012, 11:27 PM
Dec 2012

substantial income, and should be taxed at a higher rate than someone earning $100,000. I Have no idea where you were going with your BS, but that's my bottom line.

 

jberryhill

(62,444 posts)
14. But someone making 230,000 shouldn't, right?
Mon Dec 17, 2012, 11:34 PM
Dec 2012

So your point is that people making 230,000 should be taxed at the same rate as 100,000 earners, but 250,000 is right out!

WCGreen

(45,558 posts)
17. In a place like NYC or San Fransico or LA, or DC $ 400 k is not rich...
Tue Dec 18, 2012, 07:33 PM
Dec 2012

The cost of living where I live, yea $ 250k is a lot of money but on the costs, that is upper middle class...



 

letemrot

(184 posts)
11. Apparently it is all about purity.
Mon Dec 17, 2012, 11:05 PM
Dec 2012

400K is a lot of money (in annual income) to be sure (hell 250K is); It seems that the President could come at 400K with a higher rate than what he would have at 250K so it's revenue neutral... we get a deal, the middle class keeps the cuts and the truly rich start paying more. It seems fine to me, others not so much apparently.

democrattotheend

(11,607 posts)
18. You realized he doubled the revenue request after the election
Tue Dec 18, 2012, 07:52 PM
Dec 2012

From $800 billion to $1.6 trillion, so he would have a starting point to negotiate from. By definition, negotiating means you don't get everything you ask for.

I am not that upset about the $400,000...it's much better to compromise on that than moving the top rate down to 37% or eliminating the scheduled raise on capital gains taxes.

The chained CPI and the abandoning of the payroll tax cut are much more disturbing.

Ilsa

(61,698 posts)
5. I don't mind the change, and no, we are nowhere near
Mon Dec 17, 2012, 10:52 PM
Dec 2012

Either threshold. For example, couples pulling in $250,000 together might be just living a fairly middle class lifestyle, trying to save for their retirements, pay college tuition, etc, and they may each have been at that income level for only a couple of years.

I wonder how it affects revenue, though, and if it'll work at that level.

 

teddy51

(3,491 posts)
8. Really? Shit, I would love to live a life style like that. Not sure I would consider myself
Mon Dec 17, 2012, 10:58 PM
Dec 2012

middle class at that rate though. My wife and I probably earned a 100,000 per year and thought that was ok.

Ilsa

(61,698 posts)
16. It's not as if a person's retirement is fully funded
Tue Dec 18, 2012, 07:30 PM
Dec 2012

With a few years at that level, and some of us have disabled kids we are trying to save for.

Sure, it would be a huge leap, a big help, but it isn't as if you can retire a few years after making that kind of income. I bet these people generally are working because they still have to, not because it's a status thing.

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