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Mon Dec 17, 2012, 09:40 PM

AP sources: New Obama offer moves toward Boehner with $400,000 tax hike threshold

www.politico.com/story/2012/12/obama-fiscal-cliff-85211.html

18 replies, 1089 views

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Reply AP sources: New Obama offer moves toward Boehner with $400,000 tax hike threshold (Original post)
trailmonkee Dec 2012 OP
teddy51 Dec 2012 #1
jberryhill Dec 2012 #2
teddy51 Dec 2012 #3
jberryhill Dec 2012 #4
teddy51 Dec 2012 #6
jberryhill Dec 2012 #7
teddy51 Dec 2012 #9
jberryhill Dec 2012 #12
teddy51 Dec 2012 #13
jberryhill Dec 2012 #14
teddy51 Dec 2012 #15
WCGreen Dec 2012 #17
letemrot Dec 2012 #11
democrattotheend Dec 2012 #18
Ilsa Dec 2012 #5
teddy51 Dec 2012 #8
Ilsa Dec 2012 #16
forestpath Dec 2012 #10

Response to trailmonkee (Original post)

Mon Dec 17, 2012, 09:44 PM

1. So, we've gone from 250,000 to 400,000. What a negotiator! Sure glad we don't own the

 

WH and the American people.

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Response to teddy51 (Reply #1)

Mon Dec 17, 2012, 09:47 PM

2. What is the net revenue impact?

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Response to jberryhill (Reply #2)

Mon Dec 17, 2012, 09:49 PM

3. I have no idea, but it is another copout by Obama. As I said in an earlier post, he does not

 

have the stomach for controversy.

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Response to teddy51 (Reply #3)

Mon Dec 17, 2012, 09:52 PM

4. So, you have no idea what is the impact

But moving from one arbitrary number to another arbitrary number is a big deal to you, regardless of whether it closes the gap.

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Response to jberryhill (Reply #4)

Mon Dec 17, 2012, 09:53 PM

6. I frankly don't really give a shit what the impact is, it's a copout period.

 

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Response to teddy51 (Reply #6)

Mon Dec 17, 2012, 09:56 PM

7. Okay, so whether we end up with workable policy is beside the point

What matters is who wins a dick waving contest.

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Response to jberryhill (Reply #7)

Mon Dec 17, 2012, 10:01 PM

9. Nope, 400,000 is much to high IMO. And again, I don't care what it does to the bottom

 

line. Anybody making 250,000 per year should be subject to higher taxes, no exceptions. We have let all of these rich, semi rich and mega rich escape for long enough. Toughen up Obama, or get out of the pool.

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Response to teddy51 (Reply #9)

Mon Dec 17, 2012, 10:20 PM

12. That's pretty funny

So it is "too high" for what, if you don't care what the rates are and what the bottom line impact is?

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Response to jberryhill (Reply #12)

Mon Dec 17, 2012, 10:27 PM

13. I care about who should start paying taxes and at what rate of earnings. $250,000 is a very

 

substantial income, and should be taxed at a higher rate than someone earning $100,000. I Have no idea where you were going with your BS, but that's my bottom line.

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Response to teddy51 (Reply #13)

Mon Dec 17, 2012, 10:34 PM

14. But someone making 230,000 shouldn't, right?


So your point is that people making 230,000 should be taxed at the same rate as 100,000 earners, but 250,000 is right out!

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Response to jberryhill (Reply #14)

Mon Dec 17, 2012, 10:37 PM

15. Have a nice nite berry!

 

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Response to teddy51 (Reply #9)

Tue Dec 18, 2012, 06:33 PM

17. In a place like NYC or San Fransico or LA, or DC $ 400 k is not rich...

The cost of living where I live, yea $ 250k is a lot of money but on the costs, that is upper middle class...



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Response to jberryhill (Reply #7)

Mon Dec 17, 2012, 10:05 PM

11. Apparently it is all about purity.

 

400K is a lot of money (in annual income) to be sure (hell 250K is); It seems that the President could come at 400K with a higher rate than what he would have at 250K so it's revenue neutral... we get a deal, the middle class keeps the cuts and the truly rich start paying more. It seems fine to me, others not so much apparently.

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Response to teddy51 (Reply #6)

Tue Dec 18, 2012, 06:52 PM

18. You realized he doubled the revenue request after the election

From $800 billion to $1.6 trillion, so he would have a starting point to negotiate from. By definition, negotiating means you don't get everything you ask for.

I am not that upset about the $400,000...it's much better to compromise on that than moving the top rate down to 37% or eliminating the scheduled raise on capital gains taxes.

The chained CPI and the abandoning of the payroll tax cut are much more disturbing.

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Response to trailmonkee (Original post)

Mon Dec 17, 2012, 09:52 PM

5. I don't mind the change, and no, we are nowhere near

Either threshold. For example, couples pulling in $250,000 together might be just living a fairly middle class lifestyle, trying to save for their retirements, pay college tuition, etc, and they may each have been at that income level for only a couple of years.

I wonder how it affects revenue, though, and if it'll work at that level.

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Response to Ilsa (Reply #5)

Mon Dec 17, 2012, 09:58 PM

8. Really? Shit, I would love to live a life style like that. Not sure I would consider myself

 

middle class at that rate though. My wife and I probably earned a 100,000 per year and thought that was ok.

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Response to teddy51 (Reply #8)

Tue Dec 18, 2012, 06:30 PM

16. It's not as if a person's retirement is fully funded

With a few years at that level, and some of us have disabled kids we are trying to save for.

Sure, it would be a huge leap, a big help, but it isn't as if you can retire a few years after making that kind of income. I bet these people generally are working because they still have to, not because it's a status thing.

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Response to trailmonkee (Original post)

Mon Dec 17, 2012, 10:04 PM

10. And seniors move toward the ciff and are thrown over.

 

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