General Discussion
In reply to the discussion: 1955: 51.2%. 2007: 16.6%. [View all]hfojvt
(37,573 posts)that's part of my point. I do not consider $33,000 to be low income. Not even close. Until October of last year I was living on about $11,000 a year - and was still fairly rich. I mean, I have three dogs, high speed internet, a subscription to a genealogy service, belong to Kiwanis, etc. Spent $3,000 running for Congress.
Okay, that last part came out of some windfall profits from a land sale. (At least a windfall to me - a whopping $20,000)
And nobody in reality is suggesting raising your taxes.
Other than a few loony-birds on the internets.
It is you who insists that unless we can eliminate the trillion dollar deficit in one year, then we have to do things like - increase the retirement age for the working poor. And cut food stamps and Liheap and tanf.
Well, before that happens, a moonbat like me would put tax increases for people like you, back on the table.
Especially considering that before Obama caved on the Bush tax cuts, you were paying something like another $1,800 in FICA taxes. Of course, I got a tax cut from that too - of $220 on my $11,000 income.
Except it was a tax increase for me, because the disgusting payroll tax cut REPLACED the "making work pay credit" which was $500. You got that $500 too, just like me. But that was thrown out in order to give you another $1,300 and to cut my $500 down to just $220.
Why yes, I do think that people like you should pay another $1,300 in taxes and that people like me should get our $280 back.
Ironically though, I am so rich that I do not even want the $280. In 2009 and 2010, I sorta donated my tax refund to the Obama administration, and to my country. Instead of getting a refund, I used line 75, apply my refund to next years taxes.
Then Obama caved on the Bush tax cuts, and I demanded all my money back. Even attached a note to the IRS that said "Ask not what I can do for my country, ask rather what people with ten times my AGI can do."
Ten times my AGI in 2008 would be - $108,591.70