Obama won top earners (even with promised tax increase)

[counterstrikedude]

Originally posted by: eleison

Originally posted by: RichardE
I think its telling the shift in thinking that Obama won among top earners (those making 200k+) even with promising to raise there taxes and cost them millions.

$200,000 or More (6%)

52% Obama

46% McCain

2% Other

http://www.cnn.com/ELECTION/2008/results/polls/#USP00p1

Funny how everyone was say crying about his tax plan, yet the people it actually affected negatively voted in favor of it.

(posted from another similar thread)

Well, its nice that certain rich people want to help the "poor" by raising taxes. However, why not have these people donate the money themselves rather than forcing everyone to do it via tax hikes?

Just because George Clooney wants to spend some of his money on the poor, it makes no sense for him to force other rich people to.

What happens when a small business owner (or even a large one) wants to create a new product to sell, but cannot hire enough people because the tax rates are too high? Unemployment.

For the rich that have money to burn, let them donate it on their own free will. For the rich that need money to help the economy create jobs, let them keep it and not hamper them by redistributing their money.

a little off-topic: if and when the cooperation are forced to pay higher taxes, they'll simply pack their bags and move whatever remaining employee in the states to india. this illusion that bush and mccain have an arbitrary hard-on for big cooperations is nothing short of propaganda.

60% of our workforce come out of the top 100 companies - you honestly think these cooperations are just going to absorb the new taxes?? hell no.

 

[Throckmorton]

Originally posted by: counterstrikedude

Originally posted by: eleison

Originally posted by: RichardE
I think its telling the shift in thinking that Obama won among top earners (those making 200k+) even with promising to raise there taxes and cost them millions.

$200,000 or More (6%)

52% Obama

46% McCain

2% Other

http://www.cnn.com/ELECTION/2008/results/polls/#USP00p1

Funny how everyone was say crying about his tax plan, yet the people it actually affected negatively voted in favor of it.

(posted from another similar thread)

Well, its nice that certain rich people want to help the "poor" by raising taxes. However, why not have these people donate the money themselves rather than forcing everyone to do it via tax hikes?

Just because George Clooney wants to spend some of his money on the poor, it makes no sense for him to force other rich people to.

What happens when a small business owner (or even a large one) wants to create a new product to sell, but cannot hire enough people because the tax rates are too high? Unemployment.

For the rich that have money to burn, let them donate it on their own free will. For the rich that need money to help the economy create jobs, let them keep it and not hamper them by redistributing their money.

a little off-topic: if and when the cooperation are forced to pay higher taxes, they'll simply pack their bags and move whatever remaining employee in the states to india. this illusion that bush and mccain have an arbitrary hard-on for big cooperations is nothing short of propaganda.

60% of our workforce come out of the top 100 companies - you honestly think these cooperations are just going to absorb the new taxes?? hell no.

Why didn't they relocate to India before? Do they not like the extra money they'd make?

 

[XZeroII]

Either:

1. People who make lots of money are total idiots and are making decisions that are not in their best interest.
2. People who make lots of money know something that we don't know and they will not be paying more money in taxes after all.

These are the only two options that I can think of for why this would be. Option #1 is HIGHLY unlikely. This leaves #2, which actually seems very likely. We'll find out.

 

[Mani]

Originally posted by: SP33Demon
yeah, so let me get this straight:
100% of Repubicans are upset about 6% of the people's taxes that will be raised by 3%.
Yet those 6% don't give a fck 52% of the time.

lol nice

 

[WhipperSnapper]

Originally posted by: counterstrikedude

a little off-topic: if and when the cooperation are forced to pay higher taxes, they'll simply pack their bags and move whatever remaining employee in the states to india. this illusion that bush and mccain have an arbitrary hard-on for big cooperations is nothing short of propaganda.

That's one reason why any effective economic policy needs to address the problem of Global Labor Arbitrage. An increase in corporate taxes or taxes on people who might move their businesses overseas could be countered with a zero-dollar trade deficit policy as well as with aggressive tariffs if not outright bans on certain types of imports. In other words--you'd be able to move your production facilities overseas but that won't mean that you'll be able to continue to do business in the U.S., at least not profitably.

(Note that tariff revenue can be used to reduce domestic taxes.)

 

[Moonbeam]

Originally posted by: Insomniator
I think it's more guilt than intelligence.

I think you have more guilt than intelligence and see others that way.

 

[quest55720]

I am sure lots of them are confident that their accountants or lawyers can get around the tax increase. The burden will end up on the single middle/working class. The Obama tax plan is all about people with kids. If you don't got kids you will hardly get any of his new tax credits. Once the bush tax cuts expire that means you will end up paying more. While those rich people pay the same because they have a team of lawyers and accountants to find loop holes. I am counting on a tax increase for myself when the bush cuts expire. Some one will have to pay for the trillion dollars of new spending and welfare for the poor and those with kids.

 

[necine]

Originally posted by: dsity
They realized with another bush in office, they would actually lose more money that way.

this.

 

[NoShangriLa]

Originally posted by: Genx87
Make it up on the back end via subsidies. Be nice to see the break down by incomes higher than 200K. Like for instance what % of filthy rich warren buffet pay 15% capital gain type voted for Obama. People not affected at all by a raise on income taxes.

I don't think Buffet will be paying capital gain tax at any time in the near future. It is very likely that he will be claiming capital lost againts his current & future income. And, the strategies will change when it it time for the rich to pay taxes, because the Dems will be replace by the GOP befor the govenment get to collect from the blue blood.

I'm sure that there stratergies for the high income earner to shelter their money while Obama is in office, and IMHO the market tend to favor the Dems/Obama because they have had a track record of pro business and majority of the people are ready to get of the GOP train wreck that destroyed the world confident/ecconomy.

 

[First]

Originally posted by: counterstrikedude

i rather be a stupid housewife...

We just assumed you were.

 

[digiram]

Originally posted by: winnar111

Originally posted by: dsity
They realized with another bush in office, they would actually lose more money that way.

Wait, haven't lefties been talking about how well the rich have done under bush and the rising 'income gap'?

They understand that their prosperity is meaningless if the country goes down the drain. After what has happened in the past 8 years, they're ready for some change too.

 

[TallBill]

Originally posted by: RichardE
I think its telling the shift in thinking that Obama won among top earners (those making 200k+) even with promising to raise there taxes and cost them millions.

$200,000 or More (6%)

52% Obama

46% McCain

2% Other

http://www.cnn.com/ELECTION/2008/results/polls/#USP00p1

Funny how everyone was say crying about his tax plan, yet the people it actually affected negatively voted in favor of it.

Everyone is a pretty generic term. Obviously more Americans were looking forward to his tax plan then then McCain's. To bad it wont happen anyways.

 

[TallBill]

Originally posted by: SP33Demon
yeah, so let me get this straight:
100% of Repubicans are upset about 6% of the people's taxes that will be raised by 3%.
Yet those 6% don't give a fck 52% of the time.

lol, your words were so much better at explaining the same idea I was thinking.

 

[SirStev0]

Originally posted by: dsity
They realized with another bush in office, they would actually lose more money that way.

 

[glenn1]

Originally posted by: RichardE
Obama won top earners (even with promised tax increase)

Fine with me. I appreciate that folks in high cost-of-living areas tend to vote themselves higher taxes so that us folks in lower cost areas can enjoy lower taxes and net federal $ inflows.

 

[theprodigalrebel]

Originally posted by: SP33Demon
yeah, so let me get this straight:
100% of Repubicans are upset about 6% of the people's taxes that will be raised by 3%.
Yet those 6% don't give a fck 52% of the time.

I give you +8 Arcadio-endorsed mad reps