Kilmeade: Obama Will "Bring Up The Class Warfare Stuff" In His State Of The Union Address
January 23, 2012 9:49 am ET
From the January 23 edition of Fox News' Fox & Friends:
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Sometimes, I could swear that you see smoke coming out of his ears while he tries to form a thought.
Mibad?
My question for the next debate....:
How much is a gallon of milk?
None of that negates the argument that Mittens is totally out of touch with the realities of life in the 99%, as he proves on a daily basis.
Oh, of course not.
highliter, do you have any idea what it costs to keep a family of four in food, shelter, and clothing? Do you know how far below the poverty level this mythical family of our is? Do you really believe that you can come to this family and demand more of their money in federal taxes so the millionaires and billionaires can keep their tax cuts? Seriously? Because if that's the case, you have no soul.
The negative income tax, i.e., the earned income credit, is a conservative initiative, highliter. Look it up.
Go to any tax estimation and put in single 3 dependants 20k income and you will get 7500 back.
What a clod. You're no conservative, you're just a greedy, self-centered SOB.
There are no income based tax credits for rental property. There are deductions which are based of expenses. I sometime qualify for energy tax credits, buy again those are based of improvement expenses not income level.
And, yes, there are income based tax credits for rental property.
Interest is a deductible expense. Depreciation is a deductible expense. Repairs is a deductible expense. Driving for your rental properties is a deductible expense, including usage of your vehicle. Your office that you use to administrate your rental properties is deductible. Insurance is deductible. And so on and so on.
These expenses are tax credits, highliter.
And you are still wrong someone who gets back 7500 more than they pay in federal will have ZERO TOTAL tax liability. There is no way their state and local taxes will equal more that that 7500; Therefore they will have ZERO or a NEGATIVE TOTAL TAX LIABILITY!
Please provide citations.
You don't know, do you?
I have a feeling I'll be waiting an extraordinarily long time while you evade and insult me.
And, yes, it is the point. You are ticked because these HORRID people don't have Federal tax burdens. Try supporting a family on $20,000/year, highliter.
As I said, you're no conservative, you're simply a greedy SOB who cares more about money than you do people. What a very, very sad person you are.
Now shut up and go away you have failed.
Provide those numbers.
I'll ask you again, since you seem so jealous of these folks, why don't you forgo your apparently MASSIVE wealth and change places with them. Try living on their income.
You're a clod.
And you still haven't backed up your claim. You claimed that someone earning $20k/year with 3 children had a zero tax liability.
You seem to be fleeing from this claim now.
Try this site and do the math yourself.
Compare apples to oranges, highliter.
What is the *t*o*t*a*l* *t*a*x* *l*i*a*b*i*l*i*t*y for someone who earns $20k with three exemptions? Stop running away from your claim?
Before you start attacking someone else for not knowing what they're talking about, you should make sure that you do.
Based on the amounts you entered, your 2011 Earned Income is $20,000 and your Adjusted Gross Income is $20,000.
Your estimated Earned Income Tax Credit amount for 2011 is $5,040.
A printable summary of your Earned Income Tax Credit and entered income amounts is available.
NOTE: Remember, this is only an estimate. To determine the exact amount of your credit and claim the EITC with these qualifying children, you must complete and attach Schedule EIC to your Form 1040 or Form 1040A and send it to the IRS.
I'll repeat, you are a very sad, sad little slob.
I showed how someone can be 7500 in the positive on their federal income taxes. Now explain to me how these people have any kind of tax burden?
In order for them to have any kind of tax burden their state local and pay roll taxes would have to be over 38%.
I'll ask again, do you want to trade places with these people that you abhor?
AGI 20,000
Standard Deduction 5,800
Personal Exemptions 14,800
Taxable Income = 0
EIC 5,049
Additional Child Credit 2,550
Your refund is 7,599
You were wrong in your comments. You had taxable income confused with Adjusted Gross Income. You had NO IDEA what the hell you were talking about.
Based on the amounts you entered, your 2011 Earned Income is $20,000 and your Adjusted Gross Income is $20,000.
Your estimated Earned Income Tax Credit amount for 2011 is $5,040.
A printable summary of your Earned Income Tax Credit and entered income amounts is available.
NOTE: Remember, this is only an estimate. To determine the exact amount of your credit and claim the EITC with these qualifying children, you must complete and attach Schedule EIC to your Form 1040 or Form 1040A and send it to the IRS.
Based on the amounts you entered, your 2011 Earned Income is $20,000 and your Adjusted Gross Income is $20,000.
Your estimated Earned Income Tax Credit amount for 2011 is $5,040.
A printable summary of your Earned Income Tax Credit and entered income amounts is available.
NOTE: Remember, this is only an estimate. To determine the exact amount of your credit and claim the EITC with these qualifying children, you must complete and attach Schedule EIC to your Form 1040 or Form 1040A and send it to the IRS.
Standard Deduction 5,800
Personal Exemptions 14,800
Taxable Income = 0
EIC 5,049
Additional Child Credit 2,550
Your refund is 7,599
What part of this is wrong.
FACT someone with AGI of 20k and 3 dependants has ZERO TAXABLE INCOME after deductions.
FACT Someone who has ZERO Taxable income has no tax liability and therefore will get back any federal income tax already paid in plus the 7599 in tax credits.
These are FACTS and cannot be refuted.
Are you living in the 20's and era of prohibition?
[citation needed]
Next thing you know with HiLiar, he'll bring up Chappaquiddick.
REALLY? Here is a clue. When you get THAT desperate just STFU
More and more, and looking at the ever widening gap of income between rich and poor, the poor and middle class are LOSING this class warfare, and really have been for a long time. To win wars, one needs funding. The rich have it. The poor and middle class don't.
The mere fact that middle class wages have been stagnant, or have gone down over the past 20 years seems to elude these morons. Sure, there is class warfare, but it is being waged against the majority of us by the minority wealthy. Always has been, and probably always will be.
Stagnant wage increases for the poor and middle class for another.
Those are really the 2 biggest things.
In other words, let me put it to you in terms you'll understand. The rich have constantly gotten richer, while the poor have gotten much poorer over the last 30 years. The money that the middle class earns now, buys a lot LESS than it did 30 years ago.
What is your opinion of the majority of the people who do the actual production/work to make the few so wealthy?
... are they to blame?
When can we have a discussion about income disparity in this country without people screaming "class warfare?" When is it ever okay to have this discussion? In the "closed rooms" that Romney has suggested?
Also, you are aware that most wealth today is actually inherited, right?
Completely untrue. Care to try and back that up.
The article is not very convincing, and the writer is obviously trying to leave the impression that vast numbers of lowly middle class people have risen to the ranks of the wealthy. (Of course, He's probably operating within the FOX "News" definition of "Middle Class"... anything below $300,000.) What's really happening is that more wealthy people are becoming extremely wealthy.
Im gonna say no one can back this up since no one has.
Sure, do you want to discuss direct or indirect inheritance of wealth?
In the case of direct inheritance you would be correct, most of the nations wealth is not in inheritance.
However, through indirect inheritance, wealth was greatly increased by those who had large inheritances. Take a look at this years Forbes list of richest people in the nation. Five of the top ten inherited their wealth, three of them being Waltons.
Take your time.
America:
Cost for production: $10
Cost for item: $20
Profit: $10
Overseas:
Cost for production: $1
Cost for item: $20
Profit: $19
The cost for the item doesn't go down. The profits go up.
GOD but you are pathetic and disengenuous
If you knew anything about the business world, highliter, you would know that payroll is in fact the single biggest expense in a company.
That may have been one of the stupidest comments I've ever seen on a website, even having read many of highliter's in the past.
Spoken like a true brainwashed soulless Randinista moron. People mean nothing to you, since you have no decency, only profits. You are a pitiful minion of Mammon. Humanity itself is a foriegn concept to you
You are stupid, brainwashed and you are a liar. How many times do I have to tell you that you are FAR too stupid to know anything about what liberals want, think, or would do?
Or if we are just going to say rude ridiculous things that we pull directly from our lower torsos then the conservative way would be to take the goose from the guy and give him to the rich man in the villiage then take the guys children so both of you conservatives can take turns molesting them
Romneybot is such a dork that he can't even pretend to be smart. Here's my favorite Romneybot quote so far: "I believe in an America where millions of Americans believe in an America that’s the America millions of Americans believe in. That's the America I love."
Here's where I found it; that Liberal Rag, The National Review: The Man Who Gave us Newt
Obama will look so smart next to these clowns that the FOXbots will be reduced to accusing him of Intellectual Elitism.
In my limited dealings with the so-called Captains of Industry, I can testify that intelligence is not necessarily a prerequisite for climbing the corporate ladder. It certainly doesn't hurt, but there are plenty of fortunate, well-connected dumba$$es running companies in our pseudo-capitalist utopia.
He's not smart, but he is well off.
No YOU will bring up the "class warfare stuff". And apparantly you couldnt even wait until after the SOTU to start whining about it
1. isn't directly involved
or
2. is told to be.
I'm tellin' ya, it's that evil couch that makes them all seem so goddamned stupid.
BTW, here is a preview of the "class warfare" from President Obama.