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Maybe those of us who provide for the general welfare through our ideas, capital and labor should stop. Let us all get our strike funds together, head to the country side and close our business. Let the looters and moochers starve.

One question I have about Obama’s tax plan is this…he says those making more than $250K will get a tax increase…does this mean joint filers together making $250K, or individuals making $250K…there aren’t a lot of individuals making $250K a year, but there are a hell of a lot of couples making this much. So which is it? Anyone know out there?

Now don’t get me wrong, in either case it is a dumb idea. I have just never heard that part of it talked about.

We need a call to action on Obama’s Spread the Wealth.

Don’t patronize establishments that advertise for Obama. Don’t tip a waiter, who has an Obama button. Don’t give to an organization that supports Obama. Instead, we should spread our own wealth to churches, synagogues, and non-partisan charities and organizations.

Let’s see how the Obamamaniacs feel when our wealth is not spread to them.

Individuals or Joint Filer’s?

jgebo October 24th, 2008 at 5:12 p.m. CDT (link)

One question I have about Obama’s tax plan is this…he says those making more than $250K will get a tax increase…does this mean joint filers together making $250K, or individuals making $250K…there aren’t a lot of individuals making $250K a year, but there are a hell of a lot of couples making this much. So which is it? Anyone know out there?

Now don’t get me wrong, in either case it is a dumb idea. I have just never heard that part of it talked about.

It is $250K for joint filers and $200K for single filers.

Interestingly, the economist Paul Krugman, who is in the tank for Obama, said that the $250K tax increases will really start at $182.4K. The WSJ has studied the Obama proposald and states that eventually the figure will drop to $75K.

Hope that helps although I wish that I had better news.

With the world getting smaller, countries that have confiscatory tax rates will be in real danger of losing both talent and capital to other countries.

When I look at what Obama proposes to tax individuals in my tax bracket, and what he wants to tax on my estate for my children (death tax), I’m giving serious thought to moving myself, my business, and my money to places like Ireland and Switzerland. I’m not handing over what I’ve spent my life accumulating over to Obama and Nancy Pelosi to pay off their constituencies.

I love this country, and I’m not one to threaten to leave if things get rough, but we’ve never really faced a real leftist President like Obama, a lopsided Democrat Congress, and a cheerleading media. I’m not going to stick around if we slide to socialism. I wouldn’t be leaving America, America would be leaving me.

is that the “rich” don;t have to invest a dime. They can live out their days and pass on their wealth to their kids by stuffing same in a mattress or T-bill.

Libs assume the wealth will be there.

It won’t.

“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largess from the public treasury. From that time on the majority always votes for the candidates promising the most benefits from the public treasury, with the results that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” – Sir Alex Fraser Tytler (1742-1813 Edinburgh University)

Chart #9 in the document linked below suggests that some charitable causes will be hurt much more than others.

In 2004, individuals earning $200,000 or more accounted for the following percentages of charitable giving (by category).

Education: 92%
Arts: 94%
Health: 81%

Religion: 29%
Basic Needs: 38%

Clearly the poor will lose some donations from wealthy donors, but it looks to me like universities will take the biggest hit. The $200,000+ group gave an astounding $42 billion to education in 2004, most of which I would presume was in the form of alumni donations.

Indiana University Report on Giving

How many times do we hear about Democrats running for office whose Tax returns show they give little to nothing to Charity!?!?

Biden can hardly give less than the $600 bucks he did last year.

They only know how to be generous with everyone elses money – as we people that pay attention all know.

we all know how the MSM plays this, but ALL first ladies (for years, even Hilary) have done this with outfits. Use them for events, then donate them to raise funds for Charity – MSM has to spin it rather than explain the VALUE of/in it. Yes, she is not a First Lady, but EVERYONE gets the points (Sexist on one level in regard to Female wardrobe, and the usual Liberal Bias as another).

If the Bush tax expire our federal tax increases $5000 a year. That’s the time I completely cease contributing to the United Way. The rest of my charitable contributions are going to get a lot more scrutiny.

As the effective tax rate increases the wealthy give(or at least claim to) more to charity. It makes them look good and saves more on their taxes. So, once again you got it wrong.

This isn’t just about “spreading the wealth” or a welfare handout. It is a STEALTH WAY OF BUYING THE VOTES of anyone who makes less than $250,000.

Far as I know, Obama has not explained what he is going to do about the massive big business flight that is going to take place. Some Joe the Plumber should ask him, but I guess he is no longer available for questions from concerned citizens.

One other thing, I believe this Asian financial meltdown has to do with people over there being scared about what’s going to happen to the American economy, once Obama takes office (the media has them convinced Obama is going to win). Am I wrong about this?

If the left beleived that private charity could make a difference, they wouldn’t be on the left; they’d be conservatives who contributed to charities and encouraged others to do the same. What makes them leftists is the fact that they want “charitable” giving to be enforced by law.

These people hate the very concept of private charity; they see it as degrading to expect anyone to rely on the handouts of the upper class, and they don’t beleive that individuals will voluntarily give to the “right” causes in large enough amounts.

Much better to hire politicians to legally steal the money from the upper class, and then turn it over to the poor as an entitlement (“taking charity” is degrading, “accepting what you”re entitled to” is a RIGHT). And, if 50% or so of that money happens get used up in the transfer process, well, there are always more rich people to tax.

So, no, I don’t think a reduction in private charitiable giving is something that’s going to keep the Obamaniacs awake at night.

If taxes inhibit charitable giving, then state handouts should spur it. Is there evidence that the transfer of wealth from oil companies to individuals in Alaska is converted to higher charitable giving in that state?

When I was in England this summer, I read this interview with Michael Caine.

http://www.timesonline.co.uk/tol/lifeandstyle/men/article4356706.ece

“A tax exile from the late 1970s… “After the Harold Wilson years I lived in Los Angeles for eight years. There was a moment when the income tax was 82% in England on people like me. And I made a vow then that I would never give more than 40% of my income to anyone except my wife. When the taxes came down, I returned to England, but it’s not a case of greed. It’s simply that I do not work for the government; I work for me. I am not a communist.”

He may be no communist but that doesn’t mean he has time for the British Establishment. “I have no respect for position whatsoever. I treat everybody exactly the same. The Queen, I treat the same as the woman who cleans the hotel room. I’m polite and nice to everybody and that’s that. But the thing that annoys me, in a conservative way, is that I know that there are young people in England sitting at home watching morning television – and I am paying them, on benefits,” he grumbles.

“A lot of them are unable to work, probably, literally sick, but there are a hell of a lot who are getting away with something, and that pisses me off – because I’m paying. I’m getting up at six o’clock in the morning, learning pages of dialogue, going out in the winter rain – and they’re all lying in bed while I’m keeping them.”

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And I am fer sure making less than $250K. We file jointly.
The point is Obama has no respect for the tax payer. He made his millions off his books and paid low taxes.
Has he voluntarily given more to anything? To charity? To his racist church? To the government?
No.
He is a scammer. LIke Joe the dumber, he expects us all to just line up and give it up.
While he himself gives nothing.
Screw ‘em.