I'm confused....250K, 200k, 150k which is it?

In the past week I have read or heard the Obama campaign preach about tax breaks for those making from 250K or less all the way down to those making 150k or less as evidenced by the following:

From www.barackobama.com
Under the Obama Plan:
Middle class families will see their taxes cut – and no family making less than $250,000 will see their taxes increase.

From Barack's most recent TV ad and infomercial:
"But we also need a rescue plan for the middle class, starting with what we can do right now, that will have an immediate effect. As president, here's what I'll do.

  • Cut taxes for every working family making less than $200,000 a year.
  • From a Joe Biden interview:
    said the cuts are for even fewer people, limited to incomes of $150,000 or less.

    So what is it?

    No votes yet

    "In 2007, the median annual household income rose 1.3% to $50,233.00 according to the Census Bureau."

    Source: http://en.wikipedia.org/wiki/Household_income_in_the_United_States
    Meta-Source: http://www.census.gov/Press-Release/www/releases/archives/income_wealth/...

    If your household income is $150K, you are quite beyond the median in the USA -- a factor of 3.0. For the same year, the median household income for Toledo is $35216. If you make $150K household income in Toledo, you are even more above the median -- a factor of 4.3.

    I can understand a demand for consistency, but the numbers indicate tax-cutting for essentially all the middle class either way. Of course, that doesn't help the dolts paying down on a $750K mortgage in San Francisco, but that's their burden to bear.

    And then, just like Bubba Clinton who promised to cut taxes, Obama will rape America.

    From the Businessweek website:
    "In the Oct. 19 debate in East Lansing, Mich., Clinton established his priorities: "If the money does not come in there to pay for these programs, we will cut other government spending or we will slow down the phase-in of the programs.""

    Then, in typical lying Democrat fashion, Bubba raised taxes:

    From the NY Times Website:
    "And one of the most controversial items on the spending side of the ledger was actually a tax increase -- the higher-income taxes that would be imposed on Social Security benefits received by individuals with pretax incomes over $25,000 and couples with incomes over $32,000."


    But of course, Democrats were used to Bubba Clinton lying like a dog. I guess it all comes down to your definition of what the word "is" is.

    Don't blame me,
    I didn't vote for a

    Yea, don't you remember how the stock market sucked during the Clinton years and how little your house was worth? Those were some really nasty times...

    "How little your house was worth" meant that it was AFFORDABLE TO BUY without resorting to insane financing terms and/or brutal payment schedules.

    Remember, in a NORMAL market, the seller wants the highest price possible, and the buyer wants the lowest price possible. The tension between those two, opposing forces resulted in a compromise which became the real market price.

    Unfortunately during the expansion of the Great American Housing Bubble of 1998-2007, the buyers were turned on to speculation, hence they were ALSO pushing for high prices. What followed could only be expected -- the huge increase of overall house prices, leading to insane (i.e. unpayable or unsustainable) financing terms, and then a wholesale crash as the relation between expenses and income finally SNAPPED.

    Attend some of these house auctions like I am, and you'll start to learn what normal is. True, every auctioneer and every realtor I've spoken to has brought up "investment" as the FIRST or SOLE reason for buying a house. So the cultural SICKNESS or INSANITY is still very much with us. But by buying a house for 75% off the peak, I can well help give this stupid culture the bitchslap it so richly deserves.

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