What Are Rich People Thinking?

The well-educated and well-off are offended by the the dumbing down and glorization of "joe six-pack" mentality in this country. It's the "Joe Six Packs" that vote against civil rights, gay rights, women's rights and anything to do with education, funding education, etc.. This portion of the Republican party is offensive to many in our country and I am glad people are standing up and saying "no more".

The article certainly convinced me that those in Connecticut who are wealthy voted for Obama, but really, Mr. Gross, you never even attempted to answer your own questions - what ARE rich people thinking and WHY did they vote for Obama and higher taxes?

Why pose the question if you aren't going to make any attempt to answer it?

My Accountant (who is a fiscal conservative Republican), said the opposite of A Midwest Mom. Maybe you need a new tax preparer....

NEWSWEEK SUCKS

Figure out what socialism is before you claim that Obama will bring about socialism. You can't just call something socialism and figure it to be true. As a Canadian, you have no idea what socialism is. Come study it in Canada, an actual socialist country. The US is so, so far from socialism that it would take an actual socialist leader (not Obama, he's also far from socialist) years upon years to even get the capitalist US close to socialism. Time to put on your big-kid pants and realize that your Republican Party is slowly bleeding to death with people sick of the past 8 years of failed policy. People who voted for Democrats in this last race are not stupid, as you Republicans wish to believe, but rather smart not to want to put up with the same *** of the past 8 years.

The ultra rich like Warren Buffet and Bill Gates give all their money to private foundations not the goverment, foundations do not pay taxes, if Warren, Bill and all the other rich people believed in the government they should just die intestate and let the govemment have most of their money. They are all being Democratic until they have to put their money where their mouth is!

Those who make > $250k probably know that the top tax bracket that will be shifted from 35% to 39% is for those with AGI of >$350k. And if lower tax brackets will be cut, they will gain from that. I saw some calculations that suggest you start to experience the tax hike above $600k. Once again, I just think that people want a better economy and will do better when wages, home values and stock investments are all healthy, and not just looking at one issue of taxes. With tax cuts, things are still in the pits so isn't it good to try a little tax hike even not up to the tax levels under Clinton when the many were happy, among other things.

As Obama said (wink, wink) I will take care of the poor.

This isn't' so hard. What counts is not a tax RATE. What counts is the actual $$$ you have left after paying taxes. They think about the earning environment, not the just the tax rates.
Obama proposes a marginal increase of approx 5% on income over $250k to 39.6%. So, if one made $350k, that's about $5000 less (on the $100k over the limit) in your bank than under McBush.
If you figure that the economy for you would be generally healthier under Obama, so that your income would go up only $5k more than it would in a weaker environment than McBush.
So,if you figured your income would rise 10% under McBush (to $385k gross) you would net $87.75K (35% current marginal rate on the $135k over $250).
But if you figured Obama would make it easier to gross 15% more (to $402.5k) instead, then you'd net $92.1k (60.4% on $152.5k). You're ahead $4k despite the higher tax rate.
It's big picture vs small picture. That's one reason those people make so much money in the first place.

What we had needed changing. Looks like rich people agreed. Pretty simple.

Not so hard to understand, when you consider that for the last almost twenty years the GOP has run on an anti-intellectual, anti-culture, anti-university platform. The constant harping on how the East and West Coast "Elite" don't get it and insinutating that they are somehow less that "Real Americans" or even Anti-American, and at the same time trying to paint the Democrats as the party of those same "elite". If you tell someone often enough that you don't represent them and the other guy does, should you be surprised when they choose the other guy?

Not only do the rich vote more for Democrats, but they give more money to them as well. McCain was out spent by multiples.

Meanwhile, back in D.C., Republican leader John Boehner is trying to figure out how to please the wealthy and corporations even more. This as middle class incomes continue to shrink and more jobs are lost.