Obama Success Tax
Achieve American Dream and then Give It Back
A short note to the rich and famous. You may soon be required to start refunding movie tickets, CD sales, MP3 royalties, book sales, and concert tickets. The method of refund will be delivered to your faithful fans by way of the Obama success tax.
One thing that has struck me about the robin hood philosophy of Barack Obama is that it is the enemy of the core reason many people flock to this great country of opportunity. Obama’s promise of taxing the rich means that if you actually achieve the ultimate American dream and become rich and famous then you will not get to keep all that you worked so hard to obtain for very long. Your success will be limited to $250K or less per year to remain free from what I call the Obama success tax.
October 9th, 2008 at 11:40 pm
I bet Jesus LOVES your lies and fear-mongering! Keep it up!
October 15th, 2008 at 11:39 pm
Hardly. It’s a tax CUT <$250K and only a 2% tax increase once you cross the $250K line (which I don’t, do you?) additionally, capital gains which truly is the success tax is being cut.
October 16th, 2008 at 4:31 pm
Steve,
Jesus told us to love our neighbor rich and poor alike. He did not command us to take from the rich and give to the poor. If we are not giving to the poor willingly out of love then we are not doing it in a way that would cause Jesus to take notice.
Paul,
Let me break it down by the numbers the way I did ina short twitter post last night.
“If you tax person A making $250k @ 26% & tax B making $249k @ 25%, then you end up with A netting $185k and B netting $187k.”
This is an extreme example but does show the truth in Obama’s tax plan. How can he call this “fair”?
If you increase the tax on person A to a 5% difference above person B then you see person A now netting $175k after taxes. FAIR?
Obama’s tax plan does not seem very well thought out and certainly is not being communicated very well if he has actually thought through these types of scenarios.
I know…I heard his response in the debate last night. BUT:
There are a bunch of factors that go into what Obama is trying to HELP with concerning small businesses. If government had raised taxes on the plumbing business 15 years ago then the business might not have survived long enough for Plumber Joe to buy it. There are many ways to HELP and the government cannot possibly know what is best for each business. Leave the financial wealth sharing decisions in the hands of those who have their fingers on the pulse. If they make bad decisions then they will suffer the consequences and learn from it.
Hank O