PlusObama: Payroll Tax on Incomes Above $250000Obama: Payroll Tax on Incomes Above $250000The Associated PressDemocrat Barack Obama says he would apply the Social Security payroll tax to all annual incomes above $250000, which would affect the wealthiest 3 percent of Americans.This video contains ONLY natural sound. No script is available.
Government spending is filled with pork earmarks like this: The National Institutes of Health will pay $2.6 million in U.S. tax dollars to train Chinese prostitutes to drink responsibly on the job.
He recently signed into law H.R.2., which is a tax on cigarette. Guess what, those individuals who smoke just saw the cost of cigarettes increase 25%. Ummm. Most of the lower income people smoke. They make less than $250K.
Can we say tax increase??? You Betcha!
only if your making over $250,000
Obama is hiring Muslims instead of 45 American resume submitted !
“Obama seeks Muslims for White House posts.”
see: worldnetdaily – March 29, 2009
“Barack Obama is conducting his own affirmative action program to get more Muslims in the White House.”
GOD CAN ONLY HELP AMERICA NOW.
I’m buying my own gun.
Between the terrorists and Mexican illegals, I will never be safe in America again.
We are taking care of people who want to kill white people.
Tax freedom day is the end of June. You work 1/2 a year just to pay taxes. WE don’t need a 13 dollar a week cut. We need a new tax system and less government spending. If the government didn’t spend so much money we would be able to afford our healthcare and a have a lot left over. But for them to keep power they have to keep you broke.
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no no no it is not after pay it is your raw income before taxes, before pay day and before buying equipment
AND, AND, AND. Our taxes will go up further because you, Mr. NObama, will let the Bush tax cuts expire in 2010.
Guess what folks, our taxes are going up!!!
XYZ Plumbing Income $ 51,000
Employee #1 $ 50,000
Employee #2 $ 50,000
Joe the Plumber $249,000
Since no one, or company is making over $250,000 No one gets a tax increase.
Simple Business economics 101
tax would be for Net income over $250,000, So lets see. Joe buys the business. Say it earns $450,000 Gross. Then Joe takes the Salary of his employees out, say he has 2 at $50,000, that drops the income to $350,000, then you take out expenses. Say another $50,000 Gas, Advertising, equipment, etc…, Next, Joe pays himself $249,000. Leaving a Company profit of $51,000. Now if Joe has half a brain, he incorporates. separating the corporate income from his own…So lets see
this is wrong ,because it will only be buisunesses that make WAY OVER that amount that will actually pay under him….. and the proof is in my comments on this vid
btw, im a student taking economics classes, i kno what im talking about..
anyway, look at my comments…
He said it was “what was attempted and failed under GW. Bush”…duh…the democrats stoped him. The economist at the CATO institue point out that his would have saved social security if it had passed. His plan involves dramatically increasing taxes on people making 250000, which will end up causing unemployement to shoot up to jimmy carter levels. Which will also cause less people paying into social security, which will cause social security in the long run to be worse off.
obama is an idiot. He plans on taxing the long term tax payers who hire long term tax payers. privatizing our benefits would be a better investment, HE IS LYING TO YOU!!!!!!
the dow goes up and down, our benefits are LONG term. He thinks you are stupid.
are you?
NO Obama
VOTE McCain/Palin 08′
Because we cant afford obama
Nice Video!
I did one too about this whole debacle. I will send it to you. Tell me what you think.
-TonyaTko
This jerk has no idea of the tax code or anything else financial. He has never put together a budget. If you raise tax on business you raise tax on everyone. Business passes on that tax to you in the form of a price. so everyone gets taxed. And this fool is trying to scare the social security group. Does he think we are stupid…. This man hasn’t done anything substantial, he is a part of the chicago dirty political machine.
$250,000 is not a lot of money these days whats Obama thinking? I live in Southern California and theres no way you can afford a mortgage, the cost of raising a family, groceries, utilities, and other necessities with an annual income of what Obama considers Middle class. Obama will annihilate the middle class with his tax plan and get Americans dependent on government assistance programs if anything. Plus more jobs being outsourced.
so that must be why in the U.S. have an estimated 1.5 trillion barrels of oil in the green river formation, which will give us enough breathing time in order to find alternative means of energy. Oh totally forgot, we also have Northern Alaska if that bitch pelosi will allow our congressmen to vote on a bill to start drilling. Your politicians fucking you over
we are because God is real allah is not
Sorry god may have blessed america,but allah blessed the arabs with all their oil,now who is really blessed.
Since social security is a system where you get what you put in then wouldn’t lifting that cap cause the rich to benefit the most from social security in comparison to lower income people who need it more?
Maybe Obama should hire you as an advisor.
May God bless Americans Only!
this guy is repeating all the time that if Bush did it, it is bad because it was done by him, with no other explanation, I am not that dumb, give me a complete explenation senator Obama, I studied really hard and I feel you are trying to fool me with those inconsistent arguments.
Thats ridiculous and insulting.
You seems to be a 360 degree change.
This guy has no idea of economy, he is just saying what divisive polititians (Chavez)like to say to win elections, less for the rich and more for the poor people. Life and the economy is more than that. You got to give incentives to the economy, to the small and medium size business.
He is trying to divide the country with his allegations, poor against riches, it is for everybody, we all have to give something. And increasing the size of the government is the worst idea ever.
yeah mbvtx77, I really think he would be taxing the actual income and not the gross income. there are enough people in America actually making over 250,000 to cover the money needed for the social security debt. He is obviously not an idiot and wouldn’t be taxing small business owners. Come on. Where did you even get that information?
its only payroll tax, where did you find out that he will tax the gross income?