Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search
 

magical thyme

(14,881 posts)
Sat Nov 10, 2012, 11:58 AM Nov 2012

Seriously: How do we get Pres Obama (and his team) to change the language on a single item?

Please correct me if my understanding is wrong.

This could make a huge difference. If I understand correctly:

The tax cuts he wants to end are not "for those making over $250K per year."

The tax cuts he wants to end are for "income over $250K per year."

Income up to $250K would continue to get the tax cut. Income over $250K would no longer get the tax cut and would be taxed at a higher rate.




4 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Seriously: How do we get Pres Obama (and his team) to change the language on a single item? (Original Post) magical thyme Nov 2012 OP
I believe you understand it backwards! DrewFlorida Nov 2012 #1
not backwards. The same thing stated slightly differently. magical thyme Nov 2012 #4
If DU can agree, enmass, to do exactly that, email and or snail mail POTUS, then the Ninga Nov 2012 #2
I think everyone gets a tax cut on the first 250k. Everyone. The increase is on 250k+. Not earned silvershadow Nov 2012 #3

DrewFlorida

(1,096 posts)
1. I believe you understand it backwards!
Sat Nov 10, 2012, 12:03 PM
Nov 2012

President Obama's tax break, will give a tax break for everyone's first $250,000 of income, any additional income will not get the tax break.

 

magical thyme

(14,881 posts)
4. not backwards. The same thing stated slightly differently.
Sat Nov 10, 2012, 12:30 PM
Nov 2012

Whether you call it a tax break or a tax cut, I'm saying the 1st $250K of income gets the lower tax rate and all income over that is taxed at a higher rate (eg does not get the tax break or tax cut).

But your revision is better than mine because it doesn't talk about raising or resstoring tax rates, just not getting the tax cut or break.

And your improvement along with what I am suggesting...removing the tax cut only on income above a level...makes it clear that the wealthy still get the same tax cut that the rest of us get.

And furthermore, they still benefit more than most of us, since most of us make far less than $250K/year so don't get the full effect of the tax break.

Ninga

(8,276 posts)
2. If DU can agree, enmass, to do exactly that, email and or snail mail POTUS, then the
Sat Nov 10, 2012, 12:03 PM
Nov 2012

message would have impact.

Just as POTUS wanted everyone to vote early, to GOTV period, we must use the same tactics in messaging to POTUS.

 

silvershadow

(10,336 posts)
3. I think everyone gets a tax cut on the first 250k. Everyone. The increase is on 250k+. Not earned
Sat Nov 10, 2012, 12:21 PM
Nov 2012

income. Just income. THat's my take. Correct me if I'm wrong, as I'm not in the know.

Latest Discussions»General Discussion»Seriously: How do we get ...