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I thought it was $250,000.
http://finance.yahoo.com/banking-bud...s-in-the-Bills
So Messiah, what's my incentive to work hard again? Oh yeah, so the schmuck living with his parents working at McDonald's can have $500 for a new PS3.The president proposed the so-called "Make Work Pay Credit" as part of an effort to spend at least 75% of the package in the first 18 months after its passage. Obama hopes that fast-spending provisions like tax cuts will quickly help low- and middle-income workers in need of spending money.
Middle-class tax cut: $145 billion. Tax cut amounting to $500 a year for individuals and $1,000 for couples. The full credit would be limited to those making $75,000 or less ($150,000 or less for workers filing joint returns).
I thought it was $250,000.
LMAO, nailed itSo Messiah, what's my incentive to work hard again? Oh yeah, so the schmuck living with his parents working at McDonald's can have $500 for a new PS3.
That's the problem with a one size fits all bill. $75k is an appropriate number in some parts of the country where the cost of living is astronomical, but in other parts of the country is a flambouyant salary.
One of the many reasons I'm a state's rights supporter.
$75k is not flambouyant anywhere in the country.
Maybe if you live in say rural Alabama, Mississippi, or the midwest corn states (KS, Nebraska, Oklahoma), but in most states calling $75K flamboyant is a huge reach.
Still, I like how it went down from $250K to $150K, and now he's elected the truth comes out.... $75K single or $150K married isn't rich, especially when you factor in either supporting yourself as a single person on $75K a year (that's before taxes, so deduct roughly 30% of that), or $150K married and likely with at least one child to support (clothes, food, eventually college).
This is a glowing example why people like myself were against Obama. Everything about his past said that he would play this card and shovel more money to buy votes, and now he's elected and not even two weeks into his administration the truth comes out.
this staunch republican thread = headache
well, someone has to pay the bailout money. as long as the reserve isnt printing out more bills to cover the costs.
+1
the reserve.
Depends on your standards. It's about 3x what I need to live quite comfortably here in SA, so I think it's pretty damn rich. My personal opinion.
Yeah, no way those numbers would going to hold up in the legislation.
No arguments here. I told everyone I knew there was enough information to trust Obama to actually hold to anything, and plenty of evidence that he wouldn't on many things.
In fairness to Obama, the bailout legislation is an ad hoc, emergency measure. It's just possible he'll be somewhere closer to his campaign promises whenever he takes on tax policy as such. For good or for ill, I doubt the present bill is his final word on the matter.
So do we have you on record as stating that if your taxes go up you will give up trying to make a living?
Would you then go welfare? food stamps? If you stop making money how will you support yourself?
So you're okay with welfare and class warfare? Because that's what it is.
Good for you. In Plano (where I live), the cost of living is higher than San Antonio. If you're comfortable with what you're making howabout you send me some of your money?
Please, this legislation is first and foremost a Democratic lovefest for those that brokered their 2008 election runs. It's being done under the guise of economic stimulus, but look where all the money's going.
Nah, I'm smarter than that. I'll renegotiate my compensation with my employer so I fall right at the cap and get some extra benefits, like an extra couple of weeks paid time off, stuff like that.
So do we have you on record as stating that you like class welfare and socialism (err, welfare, err 'tax rebates' for people paying no income tax)? Somewhere Karl Marx is smiling today.
It's disgusting what is happening to this country.
That's a re ed take.
I can't believe you'd . The government/obama is straight going to give you free money. Free. You didn't earn it. Hundreds or maybe thousands of dollars. Free.
And you're pissed because those who make $75,000 or less get more than you do? GMAFB! Selfish mother ing way of looking at it.
Government does not give you anything for free. Theyre just giving back to you a miniscule amount of what they have already taken from you.
i know it sucks, but how else are we going to pay for the bailout and our horrible debt without risking mass inflation? we need to pay our off and be fiscally conservative - meaning no more wars, and delaying stupid projects like highway 69 and fencing the border.
class warfare sucks, but making sure we don't all end up in the poor class is a more pertinent action.
* Household
You're putting words into his mouth. What does any of this have to do with who is "rich" or not? This is a part of the stimulus package, completely separate from the tax policy he outlined in his campaign.
I mean, , talk about class warfare, now anyone making under $75K is a slacker living with his mom?
Won't be giving me anything.
What the bajesus are you smoking? 150k is pretty damn good money and definitely enough that you wouldn't give a crap about 500 bucks. A family making 150k a year should easily be able to afford a 4k a month house payment and live very comfortably. I don't think people living in half million dollar houses give a crap, why do you?
Nothing is free!
lmao, you are not capable of looking at it from the principles angle AHF is. Mainly why you are a left classwarfare nuthugger. They are using you.
me no likey question marks
yeah, that one's a stumper. $33 billion isn't a rounding error.
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