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Read my lips: here comes the new tax

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October 01, 2009 – Comments (7)

And now it is the households earning less than $250,000 that will bear the brunt of obama's antireform, and, which is more, this tax will be REGRESSIVE since the penalty for failure to buy overpriced insurance, though the SAME in nominal terms, will grow as a PERCENTAGE of your income as you go down the income ladder. A good wake-up call for those less-than-bright orphans and widows who still see the Illinois demagogue as their best friend.

"The panel voted 12-11 to reject what Chairman Max Baucus warned was a “killer amendment” by Idaho Republican Mike Crapo to shield households earning less than $250,000 annually from at least three levies contained in the bill, including a penalty for people who fail to obtain insurance.

“There are going to be a lot of people whose taxes are increased by this legislation,” said Crapo. He said the bill’s price tag -- an estimated $900 billion over 10 years -- should be reduced instead.

The partisan tussling over taxes kicked off what Baucus said would be the last day of a two-week debate by the panel, the last of five committees to deal with legislation to revamp the health-care system".

http://www.bloomberg.com/apps/news?pid=20601070&sid=a3C7TLFZ8.gk

7 Comments – Post Your Own

#1) On October 01, 2009 at 11:01 PM, KamranatUCLA (29.87) wrote:

250,000?? hahahaha I make more like 20K and I have to pay back taxes of 15K.

I have a BA from UCLA, I have a AA in Business, another AA in Aviation technology, and I can't find a job. With all these dgrees and education I am a driving instructor now which only needed a HS diploma.

Oh I forgot I am also in debt for 35K...student loans that I probably never can repay. And I think I should have been paid to wasted my time at UCLA because they tricked me. When I started going there they promised that I make more money with my degree but that was an absolute lie.

So yeah...Obama or whatever can increase the taxes...who is gonna pay?? or maybe he wants to put all of us in jail for not paying the taxes...oh wait...if we don't pay taxes how can they afford prisons??!!

in Short F the PO Lice...F the Federal government, F the CEOs...only one way this thing is gonna come to a happy ending and that is violence...that's the language that the government, CEOs, the rich people will understand.

Once people go at these rich bastards houses and smash the windows they might think differently about how to act and how they spend our money and time.

Violence is what made an African American to be a possibility one day...violence is what is going to let the oil comapnies reduce their prices, government stop printing worthless money, and the rich to cut their profits and be fair.

American dream??? Moved here from Germany 16 years ago and still have less money in my pocket when I entered this country...and now they wont even let me leave this damn corrupt country.

Immigrants have almost no rights in this country, yet we work the hardest and pay our taxes, and we are put down by the police and by the government and by racist American....and they don't let me even freaking leave now because of taxes and student loans.

Isn't this worst than slavery??? Atleast slave holders had to keep their slaves healthy to be operational, and now we are getting even F-ed in healthcare.

Enough is enough!!!

FedEx laid off thousands of workers yet last week they sponsored a million dollar golf even, so that some famouse golfer who makes millions can make more!!!!!

if that doesn't anger you, you are maybe making close to 250,000 and you desereve to pay more taxes.

Where do you think that $250,000 is coming from when min. wage is 8 dollars???

How much more education do you have than me to make 10 times more than me???

If you make 250K and you are quiet about the guy who brings food to your table that gets min. wage you desreve to go hungry! Let alone pay more taxes.

 

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#2) On October 01, 2009 at 11:06 PM, KamranatUCLA (29.87) wrote:

* AFrican American president

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#3) On October 01, 2009 at 11:29 PM, FreeTruth (< 20) wrote:

Statements such as that above are born out of anger. I am disapointed by individuals who choose to rail against CEO's, business leaders and basically successful people (when measured through a lense of business) as though they did nothing to get to where they are today. There are very few Bill Ford's of the world, where great grandpa started a company and passed it down. There is little doubt that some folks are lucky enough to have opportunities like high-level university education, investment education from parents or friends that have significant knowledge, trust funds, etc given to them, but many out there have to do it the hard way, including those "evil" CEO's.

"If you make 250K and you are quiet about the guy who brings food to your table that gets min. wage you desreve to go hungry! Let alone pay more taxes." The falicy with this mindset is that all the responsibility falls to the individual making the money, whilst no responsibility is carried by one making the little money. You will never improve if you do not believe you have a responsibility for yourself. We have become a nation that believes that they "deserve" the best simply because they "are". No, you have opportunity because you "are", what you make of it, is yours.

I am rooting for you UCLA.

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#4) On October 02, 2009 at 8:55 AM, PdoBear (< 20) wrote:

F the Police and Kamran said it with authority...

Sad to see that a former member of NWA is a driving instructor now. Maybe Kamran should have thought about not going into debt for a degree with no job plan. It's our fault that UCLA conned him? Kamran, at least your degrees are semi-marketable. Think about the chumps in the literature and sociology deparments.

P.S. Kamran, good news. Your sense of entitlement and willingness to blame others for problems of your own making ends your immigrant status. You are now officially an American. Next up, look into becoming a house flipper. 

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#5) On October 02, 2009 at 9:27 AM, Gemini846 (48.09) wrote:

College educations outside of Law or Medicine are largely net negative when it comes to financial gain.

I'm curious to know what you thought the American Dream is?  House in the 'burbs and 1.8 kids?  The American Dream is freedom to start your own business and be free of government intervention that cripples business owners. Quit putting rich people in your tyrade. Rich people got rich creating jobs, government destroys them. They don't have more education than you, they have desire which is something you lack.  

PdoBear couldn't have put it better. Get off the entitlement bandwagon and quit blaming other people.

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#6) On October 02, 2009 at 4:16 PM, vriguy (81.34) wrote:

Well said, Pdo. Not all of us earning 250K+ are rich. My wife and I spent our 20's and much of our 30s studying and training - that was a lot of hard work, with little money or assets to show for it - only multiple degrees. Now in our 40's we're finally earning good money by working really hard, but high taxes on earned income ensure we won't become really rich. 

BTW Kamran, unless there are outstanding arrest warrants or major immigration issues you can always leave the country. You may not be allowed back in, but since you don't want to be here anyway ...

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#7) On October 06, 2009 at 2:11 PM, chevionUSA (< 20) wrote:

vriguy....you are wrong.

If you leave this country and you own back taxes IRS will come after you in other countries too. (Wesley Snipes)

It says so in the back of my passport.

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