Winner 2013 Webby Awards for Best Political Website
Top Banner, Site wide
Apr 19, 2014

 Choose a size
Text Size

Top Leaderboard, Site wide





The Divide


Truthdig Bazaar more items

 
A/V Booth

Limbaugh Says $250,000 Isn’t Wealthy

Email this item Email    Print this item Print    Share this item... Share

Posted on Feb 1, 2010
Flickr / Lord Jim

For all their talk of deficits, conservatives don’t ever want to pay for them. Rush Limbaugh says people making more than $250,000 a year—who may just have to brace for a tax hike to keep our budget shortfalls somewhere in this galaxy—do not qualify as wealthy.

Media Matters:

Advertisement

Square, Site wide

New and Improved Comments

If you have trouble leaving a comment, review this help page. Still having problems? Let us know. If you find yourself moderated, take a moment to review our comment policy.

By Stevenson2010, May 10, 2010 at 9:08 pm Link to this comment
(Unregistered commenter)

I am having a debate in my English 102 class and what I want to know is how much qualifies one as a wealthy individual. I’m talking dollar amounts here. Even better… SHOULD we give the wealthy a higher tax rate? Do we want equality or individualism? If we want idividualism… maybe we should get rid of taxes in general… let’s see how well we hold up after that happens. If we say we want equality some may argue that it will lead to socialism then to communism. What do you think?

Report this
Anarcissie's avatar

By Anarcissie, February 3, 2010 at 12:03 pm Link to this comment

Well, you have to tax somebody if you’re going to run the world, and tax them pretty hard.  The alternative is borrowing until you go bankrupt, which is what the U.S. is presently doing, but as the man said, “Things that can’t go on forever—don’t.”

Running the world is an expensive business.

Report this
Go Right Young Man's avatar

By Go Right Young Man, February 3, 2010 at 6:40 am Link to this comment

Hulk2008, February 2 at 3:21 pm

You missed my point and went on to argue for apples against my widgets. 

People who earn $250,000 annually create jobs in numerous, almost countless, ways.  Tax them more and they have less money to spend on those things that create jobs.

These people are not “wealthy” per-se.  They have what they themselves have built.  These are working people with families.  These are restaurant owners who work 70 hours a week.  These are independent, family owned, bakery’s who work 14 hour days.  These are doctors who see 70-90 patients a day only to go home and work another 3-4 hours at night.

-

Someone here suggested that to complain about the government taking a larger slice of their hard work, before Washington cleans up how all our money is spend on their own “special interests”, is unpatriotic.  That is foolish and myopic.  It’s as foolish now as when Joe Biden first suggested it.

Report this
Anarcissie's avatar

By Anarcissie, February 2, 2010 at 10:04 pm Link to this comment

$250000 per year is about $1000 per working day or $125 per hour, which is not really wealthy in 2010.  I would say it’s the upper end of the working or lower-middle class, the wages of highly skilled, well-organized, strongly motivated people, especially those with enough capital to own their own tools or businesses.  You can probably make more working as a doctor, lawyer, salesman or manager if you’re good at your job, or at least can pretend to be.  Of course these are the people who are going to be taxed the most; you certainly can’t tax the poor, because they don’t have enough money, and it’s rather difficult to tax the rich, because they have too much power.  Those who tax must take value where they find it and can get it.

Report this
Go Right Young Man's avatar

By Go Right Young Man, February 2, 2010 at 9:24 pm Link to this comment

anaman51,

I would agree with you if you were correct.

You will find dozens of sociology studies that illustrate that those at or near the annual income of $250,000 are some of the most productive, innovative, imaginative and hard working people America has to offer.  They have what they’ve built with time, labor, sweat and risk.

IRS and Census information tells us that the majority of American millionaires are salesmen, butchers, electricians, building contractors, architects, doctors and small to mid sized retailers etc..  In other words; hard working people.

Time to revise your outlook and context.

Report this
anaman51's avatar

By anaman51, February 2, 2010 at 3:38 pm Link to this comment

While I’m at it, this is for Go Right Young Man. You show me a guy who makes a quarter of a million dollars a year and I’ll show you a guy who has his income created for him by others with calluses and sweat-stained workshirts. Nobody who makes that kind of money in the business world does much beyond shining a chair with their ass and going to meetings. Too many of the people in that income bracket make their livings robbing others with a ball-point pen. In this country, the more you get paid, the less you actually do.

Report this
anaman51's avatar

By anaman51, February 2, 2010 at 3:29 pm Link to this comment

That’s an incredibly stupid thing to say, even for an idiot like Limpbag. These are exactly the people who should be shouldering more tax burden than they do. If you can’t live comfortably on earnings of a quarter million bucks a year, even with heavy taxation, you probably ought to be put to sleep. A quarter-million dollar a year income is most definitely NOT middle class.

Report this

By glogrrl, February 2, 2010 at 12:03 pm Link to this comment
(Unregistered commenter)

If $250,000 is not wealthy, sign me up.  I am unemployed at the moment, but last year lived quite comfortably on social security and unemployment insurance.  I was even able to put money away in a CD and a money market account.  I believe I could stumble along on $250,000 a year and still pay a sizeable amount of taxes—my fair share.  Anybody who makes that much money and complains about a percent or 2 increase in taxes, obviously is not a patriotic American.  We should all be involved and concerned about supporting infrastructure, education and the things that make life in the United States so much better than other countries.  Paying for the blessings of this great country should be a privilege, not punishment.

Report this
Hulk2008's avatar

By Hulk2008, February 2, 2010 at 11:21 am Link to this comment

Rush Limbaugh makes money by making outlandish comments.  If he broadcast just the truth, he’d be off the airwaves in a heartbeat.  Honesty and calm explanation of facts do not garner big ratings.  He’s a modern era Joe Pine and that’s about it.  Even Rush’s excesses rake in the cash.  Mr. Druggy makes waves to stay on the waves. 

To Go Right Young Man:

You need details (information) to correct your view about what it means to be taxed on $250K or above and who does most of US hiring. 

It does NOT mean a business that brings in gross revenue above that level.  It DOES mean actual personal income after expenses are paid out.  S-Corporations, for example, allow income to flow through to individual stakeholders but only after business expenses etc. have been deducted.  Successful businesses in every community get along fine without the owners being filthy rich. 

I have personal knowledge of an S-Corp that was owned and operated for 11 years - owners’ individual income never reached $250K.  The S-Corp used the services of multiple programmers, analysts, and instructors of highly technical subjects and built systems for many businesses in the area.  None of the employees or contractors earned anything like $250K.  In fact, anybody who runs a truly SMALL business can vouch for this.  Accountants worth their salt find ways to keep individual “wages” down to reduce the burden of FICA and Medicare taxes - Federal taxes are only a piece of the puzzle. Even the accountants’ fees are written off. 

Not all businesses that survive make immediate millions for the proprietors.  But they do employ millions. 

And That’s A Fact, Jack !!

Report this
mrfreeze's avatar

By mrfreeze, February 2, 2010 at 10:33 am Link to this comment

The tax rate is only going up a couple of % points. I have a number of friends who make more than $250K and don’t blink an eye about that kind of tax change. By the way, taxes were slated to go back to “normal” according to law.

Report this

By Ray, February 2, 2010 at 10:06 am Link to this comment
(Unregistered commenter)

The median household income in the U.S. is about $50K.  Of course, like Michael Jackson, who died owing $400 million, I guess an American could make millions per year and technically not be rich, but just live that way.

Report this

By Thrashertm, February 2, 2010 at 9:06 am Link to this comment

Why the hell are we raising taxes to support the warfare/welfare state? By welfare, I speak primarily of the welfare going to corporations through crony capitalism by the administration and congress.

Report this
Go Right Young Man's avatar

By Go Right Young Man, February 2, 2010 at 7:59 am Link to this comment

$250,000 is not wealthy.  $250,000 is indicative of hard working, upper-middle socio-economic, college educated America.

$250,000 are the men and woman who create jobs for others.  The more government taxes the incomes of these hard working people the less jobs will be created.  No poor man has ever given me a job I could live off of.

What “progressives” fail to see, in their constant class warfare, is that the vast majority of millionaires are made up of the electricians, plumbers, butchers and engineers in America.  These are family people who have the means, however still not easy, to pay for their children’s educations themselves.

Show me a person who makes $250,000 annually and I’ll show you someone who likely worked their way through college, worked hard to excel in their studies, took risks to start a business or works hard 5 days a week and, in most cases, gives charitably to others.

It bares repeating that no poor man ever gave me a job I could live off of and raise a family on.

Report this

By ofersince72, February 2, 2010 at 3:31 am Link to this comment

somebody mentioned Cris Rock,,  is he the one that
makes millions on “nigger jokes”  but gets
real upset if someone else uses that word???

Report this

By ofersince72, February 2, 2010 at 3:09 am Link to this comment

does anyone know why that the Democrats have not
introduced legislation that would once again put
social security back as its own entity and out
of the anual federal budget as it was in the eighties
and as it was meant to be ???????????????

I agree with the one who commented,  who really
cares what the Limbaugh hot air said.

Report this

By faith, February 1, 2010 at 8:55 pm Link to this comment

Individuals such as Limbaugh have no basis in reality.  Does he realize that the
U.S. has many commercial airline pilots that make less than $40,000 a year? 
School teachers the same. Grocery clerks make more without college educations
and without the responsibility of hundreds of lives.  Bonuses in the multiple
millions and billions are paid to individuals who do a poor job in their chosen
profession.  We have a skewed set of values in this nation.

Report this

By rollzone, February 1, 2010 at 6:36 pm Link to this comment

hello. Chris Rock made the same statement, saying Shaquille Oneal is not wealthy; the guy writing his check is wealthy. i agree that 250K today is double what the average homeowner family income needs to be, but in no way should it be compared to the burden the wealthy pay. their income figures are too small, to be lumped into the same percentage category as the wealthy. would you rather be asked to live on 42% of 250k, or 42% of 18 billion dollars? the financial burden is far greater on 250K. with today’s devalued dollar, and continuing inflation: these are only upper middle class Americans. they are not powerless bloated cats, ripe for reaping. the voting booths are proving that. instead of alienating more Americans, lower the taxes.

Report this

By jah, February 1, 2010 at 5:10 pm Link to this comment
(Unregistered commenter)

limbaugh does no of what he is talking about

Report this
RAE's avatar

By RAE, February 1, 2010 at 4:16 pm Link to this comment

I can’t for the life of me understand why this “commentary” was repeated by any media anywhere let alone Truthdig. Such a complete waste of bandwidth is hard to beat.

Report this

By Filler Crowley, February 1, 2010 at 4:09 pm Link to this comment

I disagree with what Rush Limbaugh said.

Report this
Newsletter

sign up to get updates


 
 
Right 1, Site wide - BlogAds Premium
 
Right 2, Site wide - Blogads
 
Join the Liberal Blog Advertising Network
 
 
 
Right Skyscraper, Site Wide
 
Join the Liberal Blog Advertising Network
 

A Progressive Journal of News and Opinion   Publisher, Zuade Kaufman   Editor, Robert Scheer
© 2014 Truthdig, LLC. All rights reserved.