In response to:

'Bait and Switch' Taxes

chagins Wrote: Sep 10, 2012 1:37 PM
A millionaire or billionaire is a person whose net worth exceeds one million or one billion dollars, not someone whose annual income exceeds one million or one billion dollars, so it is possible to only earn $250,000 per year and still be a millionaire.
Stephen41 Wrote: Sep 18, 2012 7:55 PM
That is most certainly what millionaire once meant and what billionaire still means but most anybody can become a millionaire now. I used to show kids in seventh grade... well I would get them to find out how old granny is, then show them how they can have a million when they are that age or some age or have 200K to buy a big house they picked out. Making a million a year still makes you very rich which is what a millionaire USED to mean. who cares? This pitch this coalition Barry is building requires several blocs. "Negroes, gays, sl*ts, Mexicans and the seriously stupid. " That is what Barry sings to himself every day as he shoots round ball. Negroes, gays, the Mexicans, sluts just ain't enough I need them stupids too.
the Black Baron Wrote: Sep 15, 2012 12:17 PM
You've missed the point, chagins. Income taxes tax income, not net worth. Dr. Sowell's numbers are correct.
Steven784 Wrote: Sep 10, 2012 3:29 PM
Not according to Obama. For him, it is a person being given by permission of the goverment, that his Mr. O himself (the rest of us call that earning but of course we all know that really is theft of the unfortunate of society), to have more that $250,000 per year. Why? Because someone could also have millions in the back but only have an income of $10/year. He is not taxing their wealth. Of couse, somone could also earn $1 million a year and spend it all and not be a millionare, correct?
We have heard many times from President Barack Obama how he plans to raise taxes on "millionaires and billionaires," but not on the middle class. Apparently, if you don't happen to be a millionaire or billionaire, you don't have to worry.

But the numbers say otherwise -- and say so big time.

The actual tax increase plans being proposed by Obama do not start with people who have an income of a million dollars a year. They start with people with incomes of $250,000 and up.

That is more than most people make, but it...