Bush Threatens Veto Of Any Bills That Don't Include User Fees For Everyone Talking To ATC!

On Mon, 30 Jun 2008 14:02:21 -0700 (PDT), "Robert M. Gary"
wrote in
:

"Obama to push for higher Social Security tax"
http://www.msnbc.msn.com/id/21739271/

So expect your paycheck to get smaller.

Nov. 11, 2007
But during an interview on NBC's "Meet the Press," Obama said
subjecting more of a person's income to the payroll tax is the
option he would push for if elected president. He objected to
benefit cuts or a higher retirement age. ...

Currently [2007], only the first $97,500 of a person's annual
income is taxed. The amount is scheduled to rise to $102,000 next
year.

Obama also invoked his friend, billionaire Warren Buffett, who
Obama said has expressed concern that he pays less in Social
Security taxes than anyone else in his office.

"And he has said, and I think a lot of us who have been fortunate
are willing to pay a little bit more to make sure that a senior
citizen who is struggling to deal with rising property taxes or
rising heating bills, that they've got the coverage that they
need," Obama said.


So it would appear that Obama proposal would result in the wealthy
assisting in funding seniors.

On Jun 30, 2:25*pm, Larry Dighera wrote:

So it would appear that Obama proposal would result in the wealthy
assisting in funding seniors. *

"Wealthy"!! . OMG I'm on the floor laughing. $102,000/yr is now
wealthy, that's awesome, I'll have to remember that one. You probably
couldn't even get a lone for a Cessna 172 on $102,000/yr.

-Robert

"Robert M. Gary" wrote in news:8458a3ab-92dd-4510-baa5-
:

On Jun 30, 2:25*pm, Larry Dighera wrote:

So it would appear that Obama proposal would result in the wealthy
assisting in funding seniors. *

"Wealthy"!! . OMG I'm on the floor laughing. $102,000/yr is now
wealthy, that's awesome, I'll have to remember that one. You probably
couldn't even get a lone for a Cessna 172 on $102,000/yr.


You could probably get alone with one for a hundred dollars. unless youre
looking for "extras" of course.


Bertie

"Robert M. Gary" wrote in message
...
On Jun 30, 2:25 pm, Larry Dighera wrote:

So it would appear that Obama proposal would result in the wealthy
assisting in funding seniors.

"Wealthy"!! . OMG I'm on the floor laughing. $102,000/yr is now
wealthy, that's awesome, I'll have to remember that one. You probably
couldn't even get a lone for a Cessna 172 on $102,000/yr.

Let's see here. Less than 5% of the population makes more than $102K. It's
probably closer to 3-4%.

So what's your definition of wealthy, economic expert?

2% of the population?

1% of the population?

Less?

I would venture to guess that around 90% of the population considers someone
who makes almost twice the average household income is wealthy.

Furthermore, I know lots of people with less than $102K in wage income that
have much better planes than 172s.

On Jun 30, 3:02*pm, "Mike" wrote:

"Wealthy"!! . OMG I'm on the floor laughing. $102,000/yr is now
wealthy, that's awesome, I'll have to remember that one. You probably
couldn't even get a lone for a Cessna 172 on $102,000/yr.

Let's see here. *Less than 5% of the population makes more than $102K. *It's
probably closer to 3-4%.

What does 5% have to do with the fact that Obama said he's going to
increase SS taxes? Are you saying that if the tax doesn't affect you
its not a tax?

-Robert

On Mon, 30 Jun 2008 14:29:52 -0700 (PDT), "Robert M. Gary"
wrote in
:

On Jun 30, 2:25*pm, Larry Dighera wrote:

So it would appear that Obama proposal would result in the wealthy
assisting in funding seniors. *

"Wealthy"!! . OMG I'm on the floor laughing. $102,000/yr is now
wealthy, that's awesome, I'll have to remember that one.

We're not talking family income here, but individual income:

http://www.whitehouse.gov/fsbr/income.html
http://www.census.gov/hhes/www/income/income.html
http://en.wikipedia.org/wiki/Househo..._United_States
In 2006, the median annual household income was $48,201.00
according to the Census Bureau.[3] The median income per household
member (including all working and non-working members above the
age of 14) was $26,036 in 2006.[4] In 2005, there were
approximately 113,146,000 households in the United States. 19.01%
of all households had annual incomes exceeding $100,000,[5] 12.7%
fell below the federal poverty threshold[6] and the bottom 20%
earned less than $20,032.[7] The aggregate income distribution is
highly concentrated towards the top, with the top 6.37% earning
roughly one third of all income, and those with upper-middle
incomes control a large, though declining, share of the total
earned income.[8][2] Income inequality in the United States, which
had decreased slowly after World War II until 1970, began to
increase slowly in the 1970s, and has since increased more
quickly.[9] Households in the top quintile, 77% of which had two
income earners, had incomes exceeding $40,705. Households in the
mid quintile, with a mean of one income earner per household had
incomes between $22,000 and $57,657.[10]

You probably couldn't even get a lone [sic] for a Cessna 172 on $102,000/yr.

-Robert

You're probably right.

But the fact remains, that what Obama is proposing will increase
payroll taxes _only_ for those _individuals_ (not households) earning
more than $102,000.00 annually.

Larry Dighera wrote:

But the fact remains, that what Obama is proposing will increase
payroll taxes _only_ for those _individuals_ (not households) earning
more than $102,000.00 annually.


Which means Obama is proposing to increase payroll taxes.

"Larry Dighera" wrote in message
...
On Mon, 30 Jun 2008 14:29:52 -0700 (PDT), "Robert M. Gary"
wrote in
:

On Jun 30, 2:25 pm, Larry Dighera wrote:

So it would appear that Obama proposal would result in the wealthy
assisting in funding seniors.

"Wealthy"!! . OMG I'm on the floor laughing. $102,000/yr is now
wealthy, that's awesome, I'll have to remember that one.

We're not talking family income here, but individual income:

http://www.whitehouse.gov/fsbr/income.html
http://www.census.gov/hhes/www/income/income.html
http://en.wikipedia.org/wiki/Househo..._United_States
In 2006, the median annual household income was $48,201.00
according to the Census Bureau.[3] The median income per household
member (including all working and non-working members above the
age of 14) was $26,036 in 2006.[4] In 2005, there were
approximately 113,146,000 households in the United States. 19.01%
of all households had annual incomes exceeding $100,000,[5] 12.7%
fell below the federal poverty threshold[6] and the bottom 20%
earned less than $20,032.[7] The aggregate income distribution is
highly concentrated towards the top, with the top 6.37% earning
roughly one third of all income, and those with upper-middle
incomes control a large, though declining, share of the total
earned income.[8][2] Income inequality in the United States, which
had decreased slowly after World War II until 1970, began to
increase slowly in the 1970s, and has since increased more
quickly.[9] Households in the top quintile, 77% of which had two
income earners, had incomes exceeding $40,705. Households in the
mid quintile, with a mean of one income earner per household had
incomes between $22,000 and $57,657.[10]

You probably couldn't even get a lone [sic] for a Cessna 172 on
$102,000/yr.

-Robert

You're probably right.

But the fact remains, that what Obama is proposing will increase
payroll taxes _only_ for those _individuals_ (not households) earning
more than $102,000.00 annually.

Actually it's not even that. Someone with a million dollars in investment
income who has no wage income pays $0 FICA to begin with.

Robert M. Gary wrote:
On Jun 30, 2:25 pm, Larry Dighera wrote:

So it would appear that Obama proposal would result in the wealthy
assisting in funding seniors.

"Wealthy"!! . OMG I'm on the floor laughing. $102,000/yr is now
wealthy, that's awesome,


Why, here in Oregon where the average income for a family of four in
2007 was $61,250, those people who make $102,000 are simply starving to
DEATH.


-c

On Jun 30, 3:36*pm, gatt wrote:

Why, here in Oregon where the average income for a family of four in
2007 was $61,250, those people who make $102,000 are simply starving to
DEATH.

Wait, I'm not following. What does average income have to do with
wealthy income levels?

-Robert