It's a 3 percent tax increase. THREE PERCENT!

nyhuskyfan

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Sun Oct-19-08 06:33 PM
Original message

It's a 3 percent tax increase. THREE PERCENT!

Edited on Sun Oct-19-08 06:38 PM by nyhuskyfan

How does a three-percent increase on the wealthiest percentile move us from the wonderful world of Republican-led free-market debt-digging capitalism into Marxist socialism? Boy - an awful lot must happen in those three percentage points.

And all the people railing against Socialism at McCain rallies would probably get two or three times the tax cut under Obama that they would with McCain. But because a millionaire can only keep $610,000 instead of $640,000 on their next million, somehow the fabric of our society would unravel.

Edited to correct math - thanks for catching that!

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vaberella

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Sun Oct-19-08 06:34 PM
Response to Original message

1. It's 3% while enforcing the 35% that was already in place; which wasn't enforced during Bush. n/t

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BeyondGeography

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Sun Oct-19-08 06:35 PM
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2. And rich people get Wal-Mart employees to scream "socialism" for them

Good little serfs that they are.

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WallStreetNobody

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Sun Oct-19-08 06:36 PM
Response to Original message

3. 3% of a million is 30k but....

your argument still holds. I have a lot of colleagues that make millions and most of them are supporting Obama, most of the ones that aren't are typical sock-sniffers. No one in their right mind would be "dissuaded" from earning more money under Obama's tax plan. That is nothing but standard Republican myth and what's remarkable is somehow they sell it to masses of "average joes" who get screwed by that type of thinking.

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SteelPenguin

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Sun Oct-19-08 06:37 PM
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4. and it'd still be less than they paid under Reagan

Ronald Reagan. Fucking Communist.

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grantcart

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Sun Oct-19-08 06:39 PM
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5. still less than Reagan -- that well known communist lol

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WCGreen

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Sun Oct-19-08 06:41 PM
Response to Original message

6. And really, all we are doing is letting the tax cuts by Bush expire...

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doc03

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Sun Oct-19-08 07:30 PM
Response to Original message

7. Another thing the media never brings up is the

average family is in the 28% bracket and pays 6.2% SS and 1.45% Medicare for a total of 35.65%. The higher brackets don't pay into SS or Medicare once they make over 102,000. So I will still paying a larger percent of my income in tax than Bill Gates.

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TheFarseer

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Sun Oct-19-08 08:59 PM
Response to Original message

8. isn't that still better than under Reagan?

Edited on Sun Oct-19-08 09:00 PM by TheFarseer

Reagan was a damned Communist!

oh, someone beat me too that comment, sorry for being an unoriginal bastard!

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