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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: J_F_Shepard who wrote (653107)	4/28/2012 7:05:31 PM
From: Brumar89	4 Recommendations Read Replies (1) \| Respond to of 1579676

Jon Lovitz is an obscene comedian .. all the liberal Obama backing comedians are like that. Lovitz claimed he paid 50% (undoubtedly of his marginal income) and I showed given his living in CA, it's probably close to that, maybe 47% or 48% so. After a few exchanges you withdrew into a circle where you changed your claim and only low income people pay marginal rates.... You really must be a booze hound cause I did nothing of the sort. In fact, your confused comment shows yet again you don't know the meaning of the word 'marginal.' In fact, everyone pays the highest marginal rate applicable to their income level on their marginal income. Your remaining problem is you don't understand the meaning of the word 'marginal' But the highest marginal rate for the people your talking about is based on their taxable income......which is what gets them to 20-25%??? The rate people pay on their marginal income, ie their marginal rate, depends on their income level. For someone making a lot like Lovitz, that would be: Top federal income tax rate is 35%, currently. Top CA state income tax rate is 10.3% per the internet. Medicare self-employed rate is 2.9% on all income. Gets you to 48.2% marginal rate on high income folks in CA. Pretty darn close to half of the marginal income for high income folks. How many of those hedge fund managers refuse to work because they may be charged a higher marginal rate.....lololol?? Have no idea. But you've already agreed some people are affected by their marginal tax rate. What's the marginal rate of a hedge fund manager who makes 4 billion a year??? If he has a high income, it would be similar Lovitz's depending on which state he lived in. Why do you think so many wealthy folks move from NY etc to FL? It's not just the weather. Or from CA to NV, WY or WA?

To: J_F_Shepard who wrote (653107)	4/28/2012 7:20:16 PM
From: PROLIFE	Read Replies (2) \| Respond to of 1579676

Twitchy Media ^ \| April 26, 2012 \| Twitchy Staff Posted on Friday, April 27, 2012 12:07:59 PM by lbryce MICHELLE OBAMA:FAIL We know the ‘challenge’ of student loan debt.” On an income of $272,000 per year! Man and woman of the people! Only not so much, as (Link to the Story:Behind Obama’s Definition of Wealth and Paying Off Student Loans)ABC’s Jonathan Karl reported earlier. Here’s a rundown of the president’s income, according to his tax returns, in the years before he paid off his student loans: 2004: $207,647 2003: $238,327 2002: $259,394 2001: $272,759 2000: $240,505 In 2001 and 2002, the Obamas would have met the $250,000 standard the president has set for those wealthy enough to afford to pay more taxes. It’s also notable that the Obamas didn’t claim deductions for student loans on any of those years, most likely because they made too much money to qualify for the student loan deduction. How “challenging” having to pay back money that you willingly borrowed, all on a measly $272,759 per year! Twitter users help with the debunking.