Who are the rich that President Obama and the Democrats refers to in their comm

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  1. JON EWALL profile image61
    JON EWALLposted 12 years ago

    Who are the rich that President Obama  and the Democrats refers to in their comments?

    The Republicans hardly ever refer to the rich, just wondering if they ever care.

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  2. GNelson profile image61
    GNelsonposted 12 years ago

    I have seen it explained like this.  Anyone with a taxable income of $250,000, that's after all deductions so they may make $400,000 - $500,000 in gross income, would have a tax increase.  For every $1,000 in taxable income over the $250,000, they would pay $30.00 more in taxes.  The amount of taxes for the first $250,000 would remain the same as it is now.  I don't see something like that hurting anyone.  It would help the country.

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  3. profile image0
    Old Empresarioposted 12 years ago

    He is referring to billionaires and multi-millionaires who inherited their wealth, don't have to work, and have more money than any family could spend in a lifetime.

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  4. The Frog Prince profile image72
    The Frog Princeposted 12 years ago

    Everybody but themselves Jon.  That's a no brainer.

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  5. Ralph Deeds profile image65
    Ralph Deedsposted 12 years ago

    Average CEO compensation of S&P 500 companies $11 million/year.

    Income disparity in the US has been increasing dramatically to the point where many are losing faith in our democratic free enterprise system.--http://en.wikipedia.org/wiki/Income_inequality_in_the_United_States

    http://www.aflcio.org/corporatewatch/paywatch/

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  6. sam3m profile image61
    sam3mposted 12 years ago

    leroy,
    do you realize that your taxes have decreased since obama took office?  we are now being taxed at the lowest rate since the eisenhower administration.
    one problem with the obama administration, among many, is that they don't know how to talk about their accomplishments.  the gop, on the other hand, have discovered the "big lie" principle of public relations, and it's working quite well for them.

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