justin_thyme said:

i should say, the upper class will be hit the hardest.

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Prisoner#1 said:

justin_thyme said:

i should say, the upper class will be hit the hardest.

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if I take $3000 from a man that has a million, it's not that big a hit
if I hake $50 from someone that has $50, it's a much harder hit

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Quote:

if I take $3000 from a man that has a million, it's not that big a hit
if I hake $50 from someone that has $50, it's a much harder hit

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Seuss said:

Quote:

if I take $3000 from a man that has a million, it's not that big a hit
if I hake $50 from someone that has $50, it's a much harder hit

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Your math is a bit off...

If I take a million dollars from a man that has only a million dollars, it is just as big of a hit as if I take fifty dollars from a man that only has fifty dollars.  Taking 100% from somebody is taking 100% from somebody, regardless of how much they have.

Likewise, taking $3000 from a man that has $1000000 is not that big of a hit, just like taking $0.15 (fifteen cents) from a man that only has $50 is not that big of a hit.

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zappaisgod said:

How about if you take $35,000 from the man with a million and nothing from the man with $50? 

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Quote:

WASHINGTON — House Democrats will ask the wealthiest Americans to help pay for overhauling the health care system with a $550 billion income tax increase, the chairman of the tax-writing Ways and Means Committee said Friday.

Representative Charles B. Rangel will seek an income tax increase on the wealthy.

The proposal calls for a surtax on individuals earning at least $280,000 in adjusted gross income and couples earning more than $350,000, said the chairman, Representative Charles B. Rangel of New York.

It would generate about $550 billion over 10 years to pay about half the cost of the legislation, Mr. Rangel said. As the proposal envisions it, the rest of the cost would be covered by lower spending on Medicare, the government health plan for the elderly, and other health care savings.

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zappaisgod said:It would generate about $550 billion over 10 years to pay about half the cost of the legislation, Mr. Rangel said. As the proposal envisions it, the rest of the cost would be covered by lower spending on Medicare, the government health plan for the elderly, and other health care savings.

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There were about 80M returns filed for 2008.  The income levels discussed represent around 2% of that number.  That means that 1.6M personal income tax paying entities will be forced to pay, on average, $35,000 each per annum.  On top of the fact that we already pay most of the taxes as it is.

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Quote:

But emerging from daylong committee negotiations Friday, Mr. Rangel said the income surtax would take effect in 2011 and begin at 1 percent of adjusted gross income — earnings before deductions like those for mortgage interest and charitable contributions — and would apply to individuals earning more than $280,000 and couples earning more than $350,000.
The surtax would be increased for individuals earning more than $400,000 and couples earning more than $500,000, and step up again for individuals earning over $800,000 and couples earning above $1 million. The precise extent of these increases has not been announced.

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Why don't you stop worrying about American health care so much, Ozzie?  You don't know what you're talking about and it is none of your business.

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zouden said:

I don't see Obama's influence in this bill. It was written by congressmen, was it not?

Edit: and where does this bill disproportionately tax white people? I didn't realise there was a racism clause.

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You really gotta stop.  Yes, it was written by Congresspeople from the Party that he runs. 

That isn't what I said.  I said he hates white people.  I didn't say he taxes white people.  Although he does.

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I don't see Phred making one tenth the posts you make.

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