The Obamanation

[TheMercenary]

Originally Posted by Redux

Those employed by the stimulus money turn around and spend money! They go to local restaurants..they buy a new refrigerator...they take vacations...and all that money saves or creates additional jobs.

Reading the tea leaves again? The taxes on those who make money will erase most of that after this new health bill.

You want it to fail so you find reasons for failure prematurely.

Don't put words into my mouth. I don't want it to fail. But it has failed. It has failed to do what they promised it would do. It is not going to put all those people unemployed and laid off since Jan back to work. And the money is going to be gone. And there will still be no jobs for those people.

[Happy Monkey]

Originally Posted by TheMercenary

That is because Boehner is an idiot.

I am just a regular joe.

So where are the jobs for the people being laid off? Road jobs really only employ a VERY limited number of people with specific skills.

So you're asking where the non-construction-related "shovel-ready" projects are?

Originally Posted by TheMercenary

Reading the tea leaves again? The taxes on those who make money will erase most of that after this new health bill.

I don't think that 1-5.4% of income over $280.000 is anywhere close to "most of that".

Someone making $280.001 would pay one cent in new taxes. I don't think they'll be skipping Starbucks.

[TheMercenary]

Originally Posted by Happy Monkey

So you're asking where the non-construction-related "shovel-ready" projects are?
I don't think that 1-5.4% of income over $280.000 is anywhere close to "most of that".

Someone making $280.001 would pay one cent in new taxes. I don't think they'll be skipping Starbucks.

You need to re do your math. 5.4% of $280,001 is $15,120.1. And that would be on top of their already 33% Federal tax rate, which would be 38.4% tax rate, and if you live in my state, add another 7% to that and you get 45% tax rate. So you think that the guy who worked his ass off to make that much should give 45% to the governemt?

[Happy Monkey]

Originally Posted by TheMercenary

You need to re do your math. 5.4% of $280,001 is $15,120.1.

That may be, but it is irrelevant. 1% of ($280,001 - $280,000) is one cent. There are a couple more gradations, until it is 5.4% of anything over $1 million. So someone making $1,000,001 would pay 5.4 cents plus whatever the formula works out for the income between $1 million and $280,000.

[TheMercenary]

Originally Posted by Happy Monkey

That may be, but it is irrelevant. 1% of ($280,001 - $280,000) is one cent. There are a couple more gradations, until it is 5.4% of anything over $1 million. So someone making $1,000,001 would pay 5.4 cents plus whatever the formula works out for the income between $1 million and $280,000.

No where does it say that the tax is only on the income over $280,000. It says income earners who make more than that amount.