Now that he's elected, Obama thinks $75K salary makes you rich

[BradLohaus]

I can't find anything for $75K exactly, but I found this:

http://content.kiplinger.com/feature...1/taxrank.html

The data also make it easy for you to know how your income stacks up against your fellow citizens. The newly-released numbers show that an income of $31,987 or more puts you in the top half of taxpayers. Earning a bit more than twice that much -- $64,702 -- earns you a spot among the top 25% of all wage earners. You crack the elite top 10% if you earn more than $108,904.

And $388,806 buys top bragging rights: Earn that much or more and you're among the top 1% of all American earners.

So a quarter of the workers in the US make over $64K per year. That's alot more than I thought. Load up on guns, because when the billionaire bankers launch the People's Revolution here they will send the poor after you.

[micca]

That's not it at all. We got into this economic mess because of people living beyond their means. And instead of people having their lifestyles reigned in by a recession as it should be, the government is borrowing more money (aka, living beyond its means) to give to people who borrowed too much money.

Where does it all end? I'm not being selfish. I care about about our country and I'd like for it to have some sort of reasonable future. Ah it, just line up and get your monthly Obama rock the vote stimulus check, and don't come back here to as inflation drives up the cost of consumable goods, you're paying $8 at the pump, and companies continue to lay off workers and raise the price of goods to pay for it all.

This has nothing to do with helping America in the long run. It's about the assholes in D.C. right now handing out money to try to ensure they stay in office, future consequences for this country be damned.

[micca]

This is pay off, and ward healing and is as old as tamany hall style politics, made famous in New York and yes Chicago.We the taxpayers are going to add to the Re-elect Obama fund wether we like it or not.The FALL OF THE ECONOMY AND CIVILISATION is fear mongering, that is why it is being pushed so quickly so no one really gets to look and evaluate and debate.The new deal didn't work and neither will this at least it didn't work for the working people, I'm sure it worked for some people though. Right about now alot of democrats are whispering under their breath "Oh what have we done". but there egos won't allow them to admit they made a mistake, and the Emprorer doesn't have any clothes.
And so now we will be drowned in high flown talk, charts and graphs and erudite horse and lies, because Obama could eat their children and they'd call it chicken.

[ChumpDumper]

you guys are bitter. Sorest losers ever.

[micca]

you guys are bitter. Sorest losers ever.

that must be some of erudite horse i was talking about

[micca]

I can't find anything for $75K exactly, but I found this:

http://content.kiplinger.com/feature...1/taxrank.html



So a quarter of the workers in the US make over $64K per year. That's alot more than I thought. Load up on guns, because when the billionaire bankers launch the People's Revolution here they will send the poor after you.

Excellent post

[LaMarcus Bryant]

LOLL, AHF you are so predictably transparent.

Most people at the bottom are going to throw that money back into the economy anyways, so big ing deal. It's funny how when lawmakers slash taxes for the upper class, republicans consider it 'normal' and when they soup something up for the lower class, republicans consider it 'heresy'.

[SnakeBoy]

Most people at the bottom are going to throw that money back into the economy anyways, so big ing deal.

I agree that if the goal is to get people to just run out and spend that $500 or $1000 then it should go to the very poorest people. I fail to see how that will do much for the overall economy.

[ClingingMars]

you guys are bitter. Sorest losers ever.

forgive me for expressing a different opinion than the Messiah.

[ChumpDumper]

Every time you say "messiah" you prove my point.

[Cant_Be_Faded]

I agree that if the goal is to get people to just run out and spend that $500 or $1000 then it should go to the very poorest people. I fail to see how that will do much for the overall economy.

A small elite rule this entire planet. It's a proven provable fact. It was in their pockets' best interest to give money to "rich" people back in 2000, and it is in their best interest to give money to normal people now. Either way, the money always ends up back at the very top.

[Winehole23]

More holidays and festivals. Yay.


Can we please start to party?

[Duff McCartney]

What I've gathered from this thread in a nuts is that....75k isn't . People who make 75k struggle with everything. They are so strapped for cash it isn't funny.

What I wouldn't give to make 75k right now. I should be so lucky. I'd be able to pay my student loans in a ing year. I'm sure my mom and stepdad would love to make 75k a year as well...if they did they probably wouldn't have lost their house to foreclosure.

Before you start ing...it wasn't because they were living beyond their means. That house was bought for 90k and isn't even in a affluent part of San Antonio. The reason they lost it was because of a variable interest rate that inflated the mortgage cost from 700 which my mom and stepdad could afford. To near 2k a month.

My extended family is rather large and I don't think anyone in my family comes close to make 50k a year let alone 75k a year. I don't care what anyone says 75k a year is a load of money.

[Nbadan]

My extended family is rather large and I don't think anyone in my family comes close to make 50k a year let alone 75k a year. I don't care what anyone says 75k a year is a load of money.

People have a way of living up and beyond their means...if you were making $75K, you'd want 150K..

[Duff McCartney]

People have a way of living up and beyond their means...if you were making $75K, you'd want 150K..

I know...it's called greed. Sadly that's what our economic system has come to. That's what we've been taught from day one. Greed is good. And it is. To a certain extent.

[Nbadan]

I know...it's called greed. Sadly that's what our economic system has come to. That's what we've been taught from day one. Greed is good. And it is. To a certain extent.

...shhhhh...it's called capitalism, not greed...80% of earning are supposed to go to the top 5% earners....

[Kori Ellis]

It's ridiculous that some people in this thread are acting like $75,000 salary for one person is low unless you live in the middle of no where. In 2007, the estimated median household income was around $41K.

Anyway, I never get any money from any of these tax things, so I doesn't really matter to me personally if the level was $50K, $75K or $100K. But I think it's crazy to think that $75K is low or even average for a single individual.

[DarrinS]

It's ridiculous that some people in this thread are acting like $75,000 salary for one person is low unless you live in the middle of no where. In 2007, the estimated median household income was around $41K.

Anyway, I never get any money from any of these tax things, so I doesn't really matter to me personally if the level was $50K, $75K or $100K. But I think it's crazy to think that $75K is low or even average for a single individual.

For the record, I never said $75K was a low salary, just that it's not an extraordinary salary if you are a degreed professional. Sure, I make more than people with HS diplomas that work at Taco Cabana, but I also put in a load of effort to be where I'm at now. I grew up around John Jay HS, so it's not like I lived in the Dominion as a kid.

[Duff McCartney]

For the record, I never said $75K was a low salary, just that it's not an extraordinary salary if you are a degreed professional. Sure, I make more than people with HS diplomas that work at Taco Cabana, but I also put in a load of effort to be where I'm at now. I grew up around John Jay HS, so it's not like I lived in the Dominion as a kid.

I grew up around Jay as well. I graduated in 01. I think being a degreed professional and having a 75k salary is alot of money whichever way you cut it. my cousin who went to a school that doesn't exist anymore and has a degree doesn't make 75k. Granted he is a teacher but still. I'm sure there's alot of people who have college degrees and are "professionals" that still don't make 75k a year.

[Spurminator]

Frankly $75K seems a bit high for the purpose of this stimulus. I'll take it, but it should probably be more like $35K. My $500 is going into savings. Sorry.

[Nbadan]

The tax system has always been about redistributing wealth, but it's also about providing benefits to the lowest wage earners that they should likely be getting at work anyway but aren't in states like Texas and other southern states which are net-tax income gainers...

[FreeMason]

A government big enough to give everything you want, is strong enough to take everything you have.
-Thomas Jefferson

[balli]

A government big enough to give everything you want, is strong enough to take everything you have.
-Thomas Jefferson

As somebody pointed out last time a conservative posted this quote; that was Gerald Ford, not Thomas Jefferson. Fail.

[LnGrrrR]

A phrase that I like by Jefferson...

"It does me no injury for my neighbor to say there are twenty gods or no God."

Also...

"Question with boldness even the existence of a God; because, if there be one, he must more approve of the homage of reason, than that of blind-folded fear."

And one that fits today's mindset...

"It is in bent on every generation to pay its own debts as it goes. A principle which if acted upon would save one-half the wars of the world."

[Winehole23]

"Indeed I tremble for my country, when I reflect that God is just; that his justice cannot sleep forever:

"that considering numbers, nature and natural means only, a revolution of the wheel of fortune, an exchange of situation, is among possible events: that it may become probable by supernatural interference! The Almighty has no attribute which can take side with us in such a contest."

The context of course, is slavery.