FAIL: Obama will alleviate tax burden on "the middle class" by taxing "the rich"
Posted by Michael at 8/28/2008 9:03 AM 
Categories: Domestic Issues, Philosophy Arguments, Policy Arguments, Not Convincing
Categories: Domestic Issues, Philosophy Arguments, Policy Arguments, Not Convincing
I am
"the rich". I'm a single guy making more than $45,000/yr gross ($45K
being the lowest income tax bracket at which Obama's tax increases
begin). Who do
you think those taxes are going to be coming from? When Obama and Biden
talk about subsidizing your mortgage or helping you pay for your gas,
where do you think that money's coming from? Hi. Nice to meet you.
Now, you might argue that this is actually to my benefit, that I myself end up with a better life in the long run by investing in "society at large". If that's your argument, then I should get to choose the amount and the recipients, and ultimately act on my own assessment of rate-of-return. Conservatives donate 30% more to charity than Liberals, partly because we believe that safe neighborhoods and prosperous communities grow from individuals, not from government initiatives. But taxation is not "investment". If it was, you'd be able to show me a cost/benefit analysis and get my money willingly. You wouldn't need to pry it out of my paycheck with a proverbial crowbar.
Oh, and, if you think that it's "only right" that I should pay more, not because I necessarily get anything out of it but because we all have a moral duty to help one another... you can kindly go take your moral code and shove it up your self-righteous ass, you dogmatic piece of shit. I accept that I have no choice but to submit to the government's consensus-driven tax policy, and that they will take more from me than they take from most others. But to suggest that I should be happy about it because I'm serving some kind of Higher Good, and to argue that I should give my vote to a man who will make it worse for me in contribution to some "greater interest"? Not. Fucking. Persuasive.
Now, you might argue that this is actually to my benefit, that I myself end up with a better life in the long run by investing in "society at large". If that's your argument, then I should get to choose the amount and the recipients, and ultimately act on my own assessment of rate-of-return. Conservatives donate 30% more to charity than Liberals, partly because we believe that safe neighborhoods and prosperous communities grow from individuals, not from government initiatives. But taxation is not "investment". If it was, you'd be able to show me a cost/benefit analysis and get my money willingly. You wouldn't need to pry it out of my paycheck with a proverbial crowbar.
Oh, and, if you think that it's "only right" that I should pay more, not because I necessarily get anything out of it but because we all have a moral duty to help one another... you can kindly go take your moral code and shove it up your self-righteous ass, you dogmatic piece of shit. I accept that I have no choice but to submit to the government's consensus-driven tax policy, and that they will take more from me than they take from most others. But to suggest that I should be happy about it because I'm serving some kind of Higher Good, and to argue that I should give my vote to a man who will make it worse for me in contribution to some "greater interest"? Not. Fucking. Persuasive.
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I am "the rich". I'm a single guy making more than $45,000/yr gross ($45K being the lowest income tax bracket at which Obama's tax increases begin). Who do you think those taxes are going to be coming from? When Obama and Biden talk about subsidizing your mortgage or helping you pay for your gas, where do you think that money's coming from? Hi. Nice to meet you.
ihackr
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Hi,
One of the easiest ways to get around PMI is through the use of combo loans. In example, if you want to borrow 90% on a purchase, you can break the mortgage into 2 loans. The first loan would be for 80%( NO PMI needed) and we would also get a second mortgage for 10% of the purchase price. You are still able to finance 90% of the deal, but it is broken up into 2 loans. Generally, the interest rate on the piggyback second mortgage is slightly higher but often it is cheaper than paying for the PMI. The best part is there is no need for PMI underwriting and PMI. If the the lenders are willing to do the 2 loans we don’t need to get a yes from anyone else.
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We won't be able to pay for it simply by taxing the rich so you know where the taxes will go, and How popular will large tax increases on the middle class be?
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I should get to choose the amount and the recipients, and ultimately act on my own assessment of rate-of-return.
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you can break the mortgage into 2 loans. The first loan would be for 80%( NO PMI needed) and we would also get a second mortgage for 10% of the purchase price. You are still able to finance 90% of the deal, but it is broken up into 2 loans.
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With today's living expenses 45k will barely get you buy in a normal living condition. That's only if you decide to live in a cheap area like the mid west. You couldn't begin to have an enjoyable life in California at that salary. I think the tax increase should be at least over 100k.
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How do real estate experts manage to overcome the cleaning and damages after construction ?
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The first loan would be for 80%( NO PMI needed) and we would also get a second mortgage for 10% of the purchase price. You are still able to finance 90% of the deal, but it is broken up into 2 loans. Generally, the interest rate on the piggyback second mortgage is slightly higher but often it is cheaper than paying for the PMI.
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I should pay more, not because I necessarily get anything out of it but because we all have a moral duty to help one another... you can kindly go take your moral code and shove it up your self-righteous ass, you dogmatic piece of shit.
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your moral code and shove it up your self-righteous ass, you dogmatic piece of shit. I accept that I have no choice but to submit to the government's consensus-driven tax policy, and that they will take more from me than they take from most others.
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One of the easiest ways to get around PMI is through the use of combo loans. In example, if you want to borrow 90% on a purchase, you can break the mortgage into 2 loans.
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If that's your argument, then I should get to choose the amount and the recipients, and ultimately act on my own assessment of rate-of-return.
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When Obama and Biden talk about subsidizing your mortgage or helping you pay for your gas, where do you think that money's coming from ?
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If it was, you'd be able to show me a cost/benefit analysis and get my money willingly. You wouldn't need to pry it out of my paycheck with a proverbial crowbar.
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You couldn't begin to have an enjoyable life in California at that salary. I think the tax increase should be at least over 100k.
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I accept that I have no choice but to submit to the government's consensus-driven tax policy, and that they will take more from me than they take from most others.
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