He is going to get a lot of it from carbon taxes. Deliberately higher prices on energy and everything that uses energy is a form of tax. Obama’s use of language is beyond Clintonian.
“President Obama is either a fool or a liar when he says he won’t have to raise taxes on anyone making over $250,000. “
He’s both. He’s a fool for embracing marxist ideology and he is a liar because he knows that his numbers don’t add up.
Hey - if 100% taxation won’t do it, how about 200%? I’m sure his supporters will go for that!!
I certainly hope that the US government break into the secrecy code of the Swiss banks where a lot of ill gotten tax evaded wealth is stored. Am sure a lot of politicians also have goodies stacked away there which is why this move will never fructify.
Until a year or so ago, I worked only 60% time at my job and found life to be so much easier, 3 days a week. Sometimes I took both Mondays and Fridays off and only worked the middle stretch. It turned out that the corresponding drop in salary (you'd guess 40%) really wasn't proportional to what I'd stopped working. In fact, I was really getting paid appreciably less for the two extra days I worked because of taxes.....so my paycheck was nearer to 70% of full time instead of 60%......with Obama and his plans, people are going to start thinking a lot more about alternatives like this.
+1 on “both”
I thought he was quoted as saying he won’t have to raise taxes on anyone making UNDER $250,000.
But I agree with the sentiment.
Any continuous curve where f(x1)=0 and f(x2)=0 has at least one maximum for f(x) between x1 and x2.
Its mathematically provable. California and Zero will find out the hard way that higher tax rates do not necessarily produce higher revenue. Unfortunately americans hitched their wagon to those who are bad at math.
I suggest as many people as possible contact RINO Senators Collins and Snowe, ask them how we will pay for all of this and give us a timeline on when it will be paid for. I wouls also ask them about NoBamas pledge not to raise taxes on Middle Income taxpayers. Lets hold these RONO’s feet to the fire!
The framers of our constitution limited who could vote for a reason. One of those restrictions was being a property owner.
Our current form of government will not work in the long haul. Human nature will not permit it to work.
Cap and Trade will be the new tax.
Numbnuts can call it anything he likes ,but its theft and its a tax that will be paid by every consumer.