Palin-Biden Debate

Ok.....what is a "fair share?'

I have a wife and a baby, and I have to make over something like $32,000/year before I pay any taxes at all. As a matter of fact, if I made just a little less, then I would get back a lot more money than I paid in. So, I pay very little in taxes, but I get the same government services as a "rich" person.

So, with a family of three, I barely pay any taxes at all, but already, a person with an income of $357,701 pays 35% of his income. That comes to $125,195. How is that not fair? To me, these figures kind of discourage me from wanting to make more money....cause I would just be penalized for it.

It is the higher income folks that pay 95% of the taxes to begin with. What else do you want?

Or, are you just restating the dems talking points of old, and buying in to the lie that the dems are for the poor working man and the Repubs are for the rich?

I dont understand what is unfair.

I wish I made enough money to have to worry about loopholes and such. Lebuick, you are very fortunate.

AJ

 

For the record, I would LOVE to be in a tax bracket that high. I'd love to make 10 times what I make now, even if it means that I'd have to pay about a third of my income in taxes. :laugh:

 

We made a lot less than $357,701, and we paid 42%, last year.

 

Bro Curtis, you need to have a pro look at your tax records then, because I dont see how that is possible.

You do know that the topic at hand is federal income tax dont you? Not state and local taxes that the fed doesnt control?

Can you explain?

AJ

 

Well, tax in general, two small businesses, and that's the percentage of what we took in. And this with a "conservative" president. He did cut taxes, but Montana has enacted a law of late that has really dig into my wife's business. And she employs several pros....

My mistake. But I stand by it being enough.

 

yes, I understand now. My figures that I quoted from the tax code were for personal income tax for 2007. business taxes are an entirely different matter indeed.

AJ

 

Um, No. They are not just like janitors. Most CEOs have experience in leadership and transforming industry and companies. Most janitors have experience in ... swabbing the johns and wiping sinks and mirrors. Most CEOs work 60+ hours a week and carry a tremendous pressure. Most janitors work 40 hours a week or less and carry rolls of toilet paper. If you think the CEO is "just another employee like the janitor," then I daresay you don't know much about leadership and running companies.

Even in my small context as a pastor (and yours too), we are not "just like the janitor" in terms of responsibility.

If a CEO comes in and turns a failing company into a profitable one, it seems only fair that he reaps the benefits from it.

Or perhaps they have proved that they will protect their stockholders and help to preserve the retirement funds of middle America by making money for them.

That's a weird thing to call it.

 

I haven't met anyone yet who thought Biden was being sincere in that. Even a county Dem chair friend of mine said he thought Biden was feigning to get sympathy and turn that portion of the debate around.

 

You posted those verses in reply to my post that asked rhetorically if it was ok to hate rich people. What else am I to take from that, other than you think those verses support disdain for rich people?

 

Wow. I would never have thought I would hear a Christian talk about a person's loss of his loved ones in such a way. :tear:

 

Just curious, are you in the over $250K bracket?

I am just curious if Obama will put more burden on you and your family.

 

No, not close.

And I can't see any way to pay for either his or McCain's policies and lessen our burden, and am quite positive small business will end up getting sacrificed at the altar of congressional oversight committees.

 

That is a lot of taxes. I never realized you would pay that much. On 357,701 that equals $150,234.42!

 

There are many salaried employees on payroll who work 60+ hours per week and have leadership experience. Again, they are all employee's of the company and not the owners.

My guess is you make more also. So does the CEO. Their paycheck should compensate them for what they bring to the company.

Ok, so you give them stocks but shouldn't all employee's get stocks in the company? Can the CEO turn the company around by themselves or do all employee's work together for the success of the company.

Which is their job and why they get the high salary. You are defending the likes of the guy who was paid $90 mil for running Fannie Mae into the ground. I don't understand your logic.

 

I share your concern for small businesses. One thing I've been researching is how most of the conservative tax breaks have missed the true "small business" owner yet they use crippling small businesses as the reasons Obama's plan won't work. This is another distortion of the truth. No one seems to do much for the true small business owners except when the Dem's forced all those loans, most of which were never repaid.

Not to keep probing, but would you or your wife really hire another employee if you had a tax cut? I've been looking into this statement and it really doesn't add up. I don't see any examples or logic in a company hiring or firing based exclusively on taxes. That doesn't add up to sound business management.

 

Wow, putting that in dollars really paints a scary picture.

I wonder how that breaks down in federal, state, SS, unemployment, etc...

 

We aren't worried about hiring. We are worried about inventory taxes, capital gains taxes...

And if you can't see how taxes affect small business, keep yer day job......

 

I didn't say how taxes effect small businesses, I said how they hired or fired exclusively based on taxes.

So inventory counts as capitol gains? I didn't know that. So that tax would be going from 15 to 20% if Obama is elected. Perhaps to the real answer is reclassifying how inventory is counted since capital gains was designed mostly for investment income along with income from selling a house etc...

It's like that mark to market clause, maybe the code is just working against the small business owner.

 

OK, I understand how you came to the conclusion you did. I was not careful enough to be precise in my choice of words.

Let me clear up things. I don't hate rich people. I do however stand by what the Word of God says. However, along with the verses in James, there are references to great men of God who had wealth, Abraham for example.

 

No one is questioning ownership.

I agree, that was my point.

When I worked for a retail company part time I got stock ownership plans. So yes, all employees should have that option. In fact they already do. But CEOs should get paid for what they do and the amount of responsibility they bear.

You obviously have me confused with someone else.

Obviously. You apparently don't even understand my post since you thought I was defending the guy who was padi $90 mil for running Fannie Me into the ground.