Posted on 01/18/2015 11:31:25 AM PST by SeekAndFind
Meanwhile, he has overseen the largest transfer of wealth from the poor and middle-classes, to the Democrat-connected Oligarch’s, IN THE HISTORY OF THE HUMAN RACE. (endless QE).
On TV he is going to claim The Free Schit Fairy is going to make it rain, but in reality, this has been the most criminally corrupt administration in this nation’s history.
This deduction(tax credit) already phases out at 110K.
Go to the flat tax and ABOLISH THE IRS.
“his policies will have a very different effect. They always do.”
Yes.
This will raise the taxes on the people who PAY the middle class.
Obviously that will result in less money for the middle class and more money for the government.
Obvious, but unsaid by the media.
Most middle income families make over the threshold for being able to claim college education expenses already. That deduction phases out entirely at $63,000 for single filers and $107,000 for married filers. That is the heart of the middle class. I have never been able to claim one dime.
I know that you’ll never hear any politician say this, but your ‘typical’ middle-class family already doesn’t really pay taxes after you factor in all of the deductions. As a matter of fact, they probably GET money from the Treasury.
If anything, 0bama is probably just talking about expanding giveaways to various interest groups, at the expense of others.
“Meanwhile, he has overseen the largest transfer of wealth from the poor and middle-classes, to the Democrat-connected Oligarch’s, IN THE HISTORY OF THE HUMAN RACE. (endless QE).”
true
Now one needs to know what he considers rich. Anything over 50K a year is rich in his book and will see a tax increase to pay for the illegals getting earned income tax credits.
Please change title. obama plans to eliminate Middle Class and Reduce the Wealthy Class. more of the same transfer the wealth of middle class and now the wealthy. He is doubling down on his agenda - steamrolling to the end. Unfortunately the Repuglicians will enable him to do what he wishes.
Liar in chief at it again.
He thinks about talking and he lies.
Fraud, lie and cheat is all he knows or understands
I’d like to hear President 0bama’s definition of the “middle class”.
eliminate the middle class
next
I thought he had already solved that problem.
Yep. As if to say, "Reagan did it so Obama can do it too."
Ok. Then Obama can lower the top tax rate from 39.6% to 28%. Just like Reagan did.
One of the most vocally liberal people I’ve known so far in life has lived off of a trust fund (supposedly a target of Obama’s plan). Although I think this ploy by Obama is just another road to the ‘redistribution’ he erroneously thinks is ‘fair’, I am very interested in seeing the reaction of those liberal children of well-off families who have been living off of trust funds.
None of this will come even close to overcoming the impact of Ozero’s NUMEROUS increases in the federal income tax, which have caused many middle-class families paying triple what they paid under Bush.
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