75k rich?

[one love]

I just wonder since this stimulus package states that households that make 75k to 150k will basically not recieve anything. I am wondering why this number? Does this make one well off in the Governments eyes?
Just curious not a complaint, because if this is the case what will happen to this bracket when taxes go up if hilary or obama wins?
I will tell you in va beach 75k is NOT rich by anymeans, really if you are just starting out it will barely take care of a new family.
my two cents
im refering to household income, of only one person works and makes 75k they are not doing very well with a benz and a big house

[INLOVE]

I don't know where you got the info. Only because according to the IRS website, we will be getting back $2100.00 and we are in the upper half of that number.

[Full Quiver]

Obama said on the view that he would eliminate the Bush tax cuts for the wealthy and increase tax cuts for those under $75k. I guess he was saying, without saying, that $75k and above is wealthy.

[one love]

I don't know where you got the info. Only because according to the IRS website, we will be getting back $2100.00 and we are in the upper half of that number.

I must have misread it sorry

"for tax payers with adjusted gross income of more than 75 thousand (or more then 150k if filing jointly) the payment will be reduced or phased out completely"

I quickly read this off the form.

[Pastor Gary]

I'd love to try to live off of $75K a year, since I have lived off a whole lot less than that in one of the world's most expensive places to live for a lot of years!

[TW]

In 2006, the median annual household income according to the US Census Bureau was determined to be $48,201.00.[3] The median income per household member (including all working and non-working members above the age of 14) in the year 2006 was $26,036.[4] In the year 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 $23,202.[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 increased more quickly since then.[9] Households in the top quintile, 77% of which had two income earners, had incomes exceeding $91,705. Households in the mid quintile, with a mean of one income earner per household had incomes between $36,000 and 57,657.[10]

Wikipedia

That would seem to indicate that 75K is affluent.


TW

[Gerald Creasy]

If I EVER made 75k in one year. I would feel rich indeed.

[DaJudge]

If I EVER made 75k in one year. I would feel rich indeed.

You would think so, wouldn't you? Truth is, you never feel like you make enough. I felt like I was getting the shaft when I made 32K and I feel like I'm getting the shaft now that I make considerably more.

[dawgs10]

Obama said on the view that he would eliminate the Bush tax cuts for the wealthy and increase tax cuts for those under $75k. I guess he was saying, without saying, that $75k and above is wealthy.

sounds like the folks that do most of the living a dieing in mills will stop paying for those that own them. humm. dont sound like a bad idea.

[DaJudge]

Obama said on the view that he would eliminate the Bush tax cuts for the wealthy and increase tax cuts for those under $75k. I guess he was saying, without saying, that $75k and above is wealthy.

sounds like the folks that do most of the living a dieing in mills will stop paying for those that own them. humm. dont sound like a bad idea.

It's a horrible idea. Like Mr. Danger told you in another thread, a poor person never created a job. Who gives you your job? A hated, terrible rich person. When you heavily tax the people who create the jobs, when you take away their profit, then they lose the incentive to create those jobs. So, those mill workers won't have a mill to go work in anymore. But by goodness won't they feel good that the government is giving them durn rich people the shaft?

[dawgs10]

Obama said on the view that he would eliminate the Bush tax cuts for the wealthy and increase tax cuts for those under $75k. I guess he was saying, without saying, that $75k and above is wealthy.

sounds like the folks that do most of the living a dieing in mills will stop paying for those that own them. humm. dont sound like a bad idea.

It's a horrible idea. Like Mr. Danger told you in another thread, a poor person never created a job. Who gives you your job? A hated, terrible rich person. When you heavily tax the people who create the jobs, when you take away their profit, then they lose the incentive to create those jobs. So, those mill workers won't have a mill to go work in anymore. But by goodness won't they feel good that the government is giving them durn rich people the shaft?

the fact is the gov. thinks that us poor dumb folk will spend it and the wealthy wont. guess what, my money is going in the bank. sorry W.

[DaJudge]

Obama said on the view that he would eliminate the Bush tax cuts for the wealthy and increase tax cuts for those under $75k. I guess he was saying, without saying, that $75k and above is wealthy.

sounds like the folks that do most of the living a dieing in mills will stop paying for those that own them. humm. dont sound like a bad idea.

It's a horrible idea. Like Mr. Danger told you in another thread, a poor person never created a job. Who gives you your job? A hated, terrible rich person. When you heavily tax the people who create the jobs, when you take away their profit, then they lose the incentive to create those jobs. So, those mill workers won't have a mill to go work in anymore. But by goodness won't they feel good that the government is giving them durn rich people the shaft?

the fact is the gov. thinks that us poor dumb folk will spend it and the wealthy wont. guess what, my money is going in the bank. sorry W.

Nothing that you have stated negated what I said above. (But it's good that you are going to save your money. I'm doing that too.)

[dawgs10]

Obama said on the view that he would eliminate the Bush tax cuts for the wealthy and increase tax cuts for those under $75k. I guess he was saying, without saying, that $75k and above is wealthy.

sounds like the folks that do most of the living a dieing in mills will stop paying for those that own them. humm. dont sound like a bad idea.

It's a horrible idea. Like Mr. Danger told you in another thread, a poor person never created a job. Who gives you your job? A hated, terrible rich person. When you heavily tax the people who create the jobs, when you take away their profit, then they lose the incentive to create those jobs. So, those mill workers won't have a mill to go work in anymore. But by goodness won't they feel good that the government is giving them durn rich people the shaft?

the fact is the gov. thinks that us poor dumb folk will spend it and the wealthy wont. guess what, my money is going in the bank. sorry W.

bottom line is in a perfect world trickle down and not taxing the rich would work. but greed always gets in the way.

[DaJudge]

bottom line is in a perfect world trickle down and not taxing the rich would work. but greed always gets in the way.

The bottom line is, in the REAL world, lower taxes on everybody stimulates the economy. Cutting or eliminating taxes on the lower income folks and soaking the rich will always backfire. It may make the poor feel good to soak the rich, but it will bite them in the butt.

[Gerald Creasy]

If I EVER made 75k in one year. I would feel rich indeed.

You would think so, wouldn't you? Truth is, you never feel like you make enough. I felt like I was getting the shaft when I made 32K and I feel like I'm getting the shaft now that I make considerably more.

Shoot, Judge....If I could make 32k I'd feel a little hi-fa-lootin!

I understand what you are saying....I remember saying if I could make what I AM MAKING NOW....I'd never complain....but responsibilities and inflation change.