Does It Really Cost This Tea Party Congressman $200,000 to Feed His Family?

Discussion in 'News / Current Events' started by Crabtownboy, Sep 20, 2011.

  1. Crabtownboy

    Crabtownboy
    Expand Collapse
    Well-Known Member

    Joined:
    Feb 12, 2008
    Messages:
    16,659
    Likes Received:
    158
    Doesn't his story just make you cry? I wonder how many people in his district have to scrape by on just $600,000?

     
    #1 Crabtownboy, Sep 20, 2011
    Last edited by a moderator: Sep 20, 2011
  2. SBCPreacher

    SBCPreacher
    Expand Collapse
    Active Member

    Joined:
    May 30, 2006
    Messages:
    2,764
    Likes Received:
    0
    Where does it say that it costs him $200,000 to feed his family?
     
  3. Crabtownboy

    Crabtownboy
    Expand Collapse
    Well-Known Member

    Joined:
    Feb 12, 2008
    Messages:
    16,659
    Likes Received:
    158
    I copied the title from the Internet. I do this as I was nastily attacked about two years ago for not doing so.

    Anyway, in the article it says:


     
    #3 Crabtownboy, Sep 20, 2011
    Last edited by a moderator: Sep 20, 2011
  4. matt wade

    matt wade
    Expand Collapse
    Well-Known Member

    Joined:
    Jan 6, 2009
    Messages:
    6,156
    Likes Received:
    76
    Crabby...let's try and be fair here instead of following the sensationalistic media. I think we can all agree that when he said "feed my family" he wasn't literally meaning that 200,000 was going to be used to purchase food for his family. Let's look at the quote in context:

    Obviously in this context he is utilizing $200,000 to provide for the needs of his family, not just purchase food. The phrase "feed my family" is simply being used to lump all the families needs and expenses into one statement.
     
  5. Crabtownboy

    Crabtownboy
    Expand Collapse
    Well-Known Member

    Joined:
    Feb 12, 2008
    Messages:
    16,659
    Likes Received:
    158
    Blame the author of the article that I quoted from. But, still ... $200,000 it quite a sum to "get by on". I believe I could make it very well on that amount. How about you? I do wonder what the average income is for the people of his district. Maybe that can be found with a bit of research. Anyway, I have little sympathy for anyone making that amount and their crying about "just making it". The median income of his district is $31,085. I do not believe his crying would wash in the district where I live and it is much richer than his with a median income of $52,906. This is from Wikipedia.
     
    #5 Crabtownboy, Sep 20, 2011
    Last edited by a moderator: Sep 20, 2011
  6. InTheLight

    InTheLight
    Expand Collapse
    Well-Known Member

    Joined:
    Dec 17, 2010
    Messages:
    16,272
    Likes Received:
    620
    From the article:

    However, Fleming was quick to explain that he only brought home a small portion of his $6.3 million gross income. As he told Jansing, "That's before you pay 500 employees, you pay rent, you pay equipment and food. The actual net income of that was only a mere fraction of that amount." In fact, according to Fleming, he made a comparatively paltry $600,000.

    Got to nitpick here. The $6.3M number that is being referred to here is not income, it's revenues. Unbelievable that the writer of the story can screw up something as simple as financial terms on a web section called Daily Financial, but I guess that goes to the bias of the article.

    Also, netting $600K on $6.3M is not 'paltry', it's at the upper end of the ratio of typical net-net income compared to gross revenues. Most corporations have a net-net income of between 5% and 10% of gross revenues.
     
  7. matt wade

    matt wade
    Expand Collapse
    Well-Known Member

    Joined:
    Jan 6, 2009
    Messages:
    6,156
    Likes Received:
    76
    Where does Fleming say that he is "just making it"? Where does he cry about his $200,000. He was simply explaining where he money went. I see no where that he is complaining about the amount of money has has earned or has for his expenses.

    Of course $200,000 is a good sum of money for a family to live on. I don't see Fleming denying that. He's simply explaining that he doesn't live on $6.3 million or even $600,000.
     
  8. annsni

    annsni
    Expand Collapse
    Administrator
    Administrator

    Joined:
    May 30, 2006
    Messages:
    20,198
    Likes Received:
    376
    Where does it say that it cost him $200,000 to feed his family?

    **That will teach me to open a thread to respond and then go do life with the kids! LOL - I missed all the responses. Sorry!
     
    #8 annsni, Sep 20, 2011
    Last edited by a moderator: Sep 20, 2011
  9. sag38

    sag38
    Expand Collapse
    Active Member

    Joined:
    Jan 26, 2008
    Messages:
    4,394
    Likes Received:
    1
    It's really very sad the way bleeding heart liberals love to play the wealth envy card.
     
  10. Thousand Hills

    Thousand Hills
    Expand Collapse
    Active Member

    Joined:
    Oct 3, 2010
    Messages:
    1,488
    Likes Received:
    4
    Basic financial principle, the greater the risk the greater the reward. Dude employs 500 people through his Subway stores and UPS stores (risk), lets take away more of his reward through higher taxes, and see how many he employs. Great strategy to get us out of this hole Mr. President. Or we could reward him for his willingness to take on the risk, and see how many more stores he can open up and how many more he can employ.
     
  11. InTheLight

    InTheLight
    Expand Collapse
    Well-Known Member

    Joined:
    Dec 17, 2010
    Messages:
    16,272
    Likes Received:
    620
    It's really sad when the President tries to deny he's engaging in it when he says, "it's not class warfare....it's math", as he did yesterday in suddenly growing some antlers and talking tough to Republicans.
     
  12. Crabtownboy

    Crabtownboy
    Expand Collapse
    Well-Known Member

    Joined:
    Feb 12, 2008
    Messages:
    16,659
    Likes Received:
    158
    I guess the rich folk on the board are defending the rich folk ... that is understandable as the Reublicans and Tea Party folk are very good at using catch phrases and words in new and inventive ways. Hmmm, rather like double-speak.

    By the way, why are y'all using a good Communist term, but in a strange way. Here we have the upper class attacking the lower class.

    If we are having class warfare here the middle class has already lost.

    Class Warfare according to the man who coined the term, Karl Marx is:

    Max Weber did not totally agree with Marx:

     
  13. InTheLight

    InTheLight
    Expand Collapse
    Well-Known Member

    Joined:
    Dec 17, 2010
    Messages:
    16,272
    Likes Received:
    620
    Both sides engage in this. Here's some liberal words and catch-phrases:

    hate crime
    affirmative action
    anti-choice
    right to die
    "health care is a right"
    "pay your fair share"
     
  14. matt wade

    matt wade
    Expand Collapse
    Well-Known Member

    Joined:
    Jan 6, 2009
    Messages:
    6,156
    Likes Received:
    76
    Crabtownboy, I've attempted to engage you in rational debate on this thread. Why are you ignoring my posts and simply complaining about how other people post on this thread? Are you interested in debating the topic at hand, or are you simply looking to get a rise out of people and then talk about their reactions?
     
  15. Salty

    Salty
    Expand Collapse
    20,000 Posts Club
    Moderator

    Joined:
    Apr 8, 2003
    Messages:
    22,134
    Likes Received:
    221
    Negative - a person should be responsible for info he passes on. I often receive "fwd emails" - usually anti-Obama. When the info is incorrect I will "reply all" with the correct info.

    Our former Senator Daniel Patrick Moynihan (D-NY)said Everyone is entitled to his own opinion, but not his own facts.

    I am entitled to "cast a stone" as I have been guilty myself - but have so admitted on this board, when I did not present facts.
     
  16. Crabtownboy

    Crabtownboy
    Expand Collapse
    Well-Known Member

    Joined:
    Feb 12, 2008
    Messages:
    16,659
    Likes Received:
    158
    Just curious, did you read the entire article? And did you read other articles? Also did you watch the video clip. I thought he was quite evasive and bringing up the "class warfare" was irrational, IMHO.

    To say he cannot afford more taxes seeing that he makes $600,000 must sound pretty poor to his voters It does to me. He says he need $400,000 for reinvestment. This is for his benefit. Also does he supply medical benefits to his employees? I doubt it seriously. Could he not help his employees a bit? Seems the Christian thing to do to me.
     
  17. matt wade

    matt wade
    Expand Collapse
    Well-Known Member

    Joined:
    Jan 6, 2009
    Messages:
    6,156
    Likes Received:
    76
    The question isn't whether he can afford more taxes or not. I suspect many of us could technically afford to pay more taxes. The question should be whether or not it is proper to raise the taxes or not. He's already paying far more taxes than either you or I Crabtownboy, why should he shoulder even more of the burden?

    Why should 50% of Americans pay no federal income tax at all, yet this man be required to pay even more? Here's an idea, let's institute a mandatory 1% on all households. This 1% would not be eligible for cancellation via tax credits, deductions, or exemptions. There are 112,000,000 households in the US. The median income is 50,000. 1% of 50,000 is $500 (yes I know this isn't perfect, but let's just use it). With my plan we just got the government $56,000,000,000 to spend. All households share that burden equally. That's a plan I can deal with!
     
  18. Max Fenster

    Max Fenster
    Expand Collapse
    New Member

    Joined:
    Apr 5, 2011
    Messages:
    52
    Likes Received:
    0
    So, he pays himself $200k to live on and expenses the $400k remainder to grow the business. Seems to me, this adds up to a $200k income - someone whose taxes won't be raised.
     
  19. sag38

    sag38
    Expand Collapse
    Active Member

    Joined:
    Jan 26, 2008
    Messages:
    4,394
    Likes Received:
    1
    Whether he can live on $200,000 isn't the real point here. Crabby and his ilk want to steal from this man so that the government can take it and waste it. If the rich man doesn't pay more taxes then the welfare checks are in danger. That might just cause the Democrats to lose some of the votes they bought by keeping people enslaved to government benefits. Now that just would not do.
     
  20. Matt Black

    Matt Black
    Expand Collapse
    New Member

    Joined:
    Feb 25, 2003
    Messages:
    9,141
    Likes Received:
    0
    No-one needs to live on $200K pa. My heart really doesn't bleed for him..., poor little diddums...

    And, Sag38, 'theft' takes many guises...
     

Share This Page

Loading...