Politico: ending Bush Tax Cuts "would impose $1,600 per year in new taxes on the typical CA family"

[Amerigo Vespucci]

In the op-ed "Why Sen. Barbara Boxer will lose to Carly Fiorina"...

Fiorina hammered Boxer for seeking to terminate the Bush tax cuts, a calamity that would impose $1,600 per year in new taxes on the typical California family. Meanwhile, Boxer and her Democratic colleagues have failed miserably in reviving an economy plagued by national unemployment near 10% and California’s over 12%.

http://www.politico.com/news/stories/0910/41740.html

"Typical California family" = "the Have Mores?" This prick should take a look at the street I live on. Arisocrats, every one, I tells ya!

:rofl:

[OHdem10]

1. When any Republican opens their mouth and says "the American

people"--they refer to people making over 75K annually.

[WinkyDink]

13. Try higher than that, by a long-shot.

[Jackpine Radical]

2. Maybe true of the "average" (=mean) income

but not the median income family. Income is very positively skewed, not normally distributed. A few very high incomes distort the picture entirely.

Anybody who would use an arithmetic mean in this way is obviously lying with statistics.

[Amerigo Vespucci]

6. And Politico depends on the average reader not "drilling down" to make that clarification

I see "average California family" and I don't think six figures plus, D.I.N.K. ("double income no kids").

Silicon Valley is basically pockets of Have Mores, pockets of extras from the film "Escape From New York," and a few uncategorized middle-income people in the middle.

[TroglodyteScholar]

9. Well, I can say this about it...

They sure know their dumbass audience.

[FBaggins]

10. Nope... it's probably accurate for both mean and median.

$1,000 of that represents the reduction in the child tax credit (and removes the refundability). $600 is the reduction in the bottom taxbracket from 15% to 10%.

Of course... the argument ignores the fact that nobody wants to get rid of the child tax credit or the reduction in the bottom rate. The average family in CA is unlikely to lose much if the cuts on the top 1-2% are repealed.

[flamingdem]

3. Boxer hs to to WIN, CA we need to support her in EVERY WAY! nt

[spanone]

4. politico is the enemy of democrats....learn & live

[robinlynne]

5. bullshitsky.

[PSPS]

7. Politico is a GOP blog.

If Bill Gates were to walk into a skid row bar, the "typical patron" of the bar would be a billionaire.

[customerserviceguy]

8. Admittedly, the raising of the 10% bracket to 15%

will cause just about all taxpayers to pay more. It will be an additional 5% on about $16-17K for married filing jointly. That's about $850. Where does the extra $750 come in? From the well-off, who will pay way more than $850.

By the way, that $16-17K is taxable income, after you've subtracted for standard or itemized deductions, and personal exemptions. With the personal exemption at $3,750 and the standard deduction at $9,750 for a married couple, a family of four would have to make about $41,750 before paying the entire $850 of additional income tax from elimination of the 10% tax bracket.

It's the tiny crumb thrown to the little people that got Bush his big windfall for the rich. It's worth it to me to give back my $16-17 a week to make sure that the well-off go back to paying their fair share.

[slackmaster]

11. I'm looking at an increase of about $2,400 in my federal tax unless I take some action

If ALL of the Bush-era tax cuts are allowed to expire.

I say let the cuts on the top bracket expire, and renew the cuts on middle class taxes.

[Curmudgeoness]

12. New taxes? This is like saying if I have to go to a 4 day week

where I work with a 20% pay cut, and we go back to a 5 day week, I just got a 20% pay increase. These are not new taxes, just going back to what was there prior to the cuts.

And since I received an additional $.05 per week in my check after the tax "cut", I cannot see where my take home pay will be hurt much if they expire. Typical my ass.

[notadmblnd]

14. She means the typical Ca family that makes more than 250,000 per year.

She just left the amount out, that's all.

[Amerigo Vespucci]

15. Woodside, Atherton, Palo Alto, Hillsborough...those are the Silicon Valley 6-figure towns...

...and even then I'm not convinced that the median income is $250K. Atherton, probably, because it's a little postage stamp of Have Mores sandwiched between a couple of toilet cities. Bing Crosby lived in Hillsborough. All of the towns I named are "old money" towns. Outside of them, it's all pockets of money and pockets of crack houses and meth labs.

[FBaggins]

18. No... they're talking about normal families.

If they have two kids this is very likely what "ending the tax cuts" would mean.

But nobody is proposing end ALL of those tax cuts. The average CA family would likely lose nothing to these proposals.

[RedCloud]

16. Politico is a Republican think tank for pigs. See how they oink?

Why doesn't Politico report if a politician will bring great paying jobs into the economy?

It doesn't suit the pigs to have you think there is more than minimum wage out there.

[DailyGrind51]

17. in Beverly Hills!