Doesn't his story just make you cry? I wonder how many people in his district have to scrape by on just $600,000?
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Does It Really Cost This Tea Party Congressman $200,000 to Feed His Family?
- Thread starter Crabtownboy
- Start date
Where does it say that it costs him $200,000 to feed his family?
I copied the title from the Internet. I do this as I was nastily attacked about two years ago for not doing so.
Anyway, in the article it says:
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Crabby...let's try and be fair here instead of following the sensationalistic media. I think we can all agree that when he said "feed my family" he wasn't literally meaning that 200,000 was going to be used to purchase food for his family. Let's look at the quote in context:
Obviously in this context he is utilizing $200,000 to provide for the needs of his family, not just purchase food. The phrase "feed my family" is simply being used to lump all the families needs and expenses into one statement.
Obviously in this context he is utilizing $200,000 to provide for the needs of his family, not just purchase food. The phrase "feed my family" is simply being used to lump all the families needs and expenses into one statement.
Blame the author of the article that I quoted from. But, still ... $200,000 it quite a sum to "get by on". I believe I could make it very well on that amount. How about you? I do wonder what the average income is for the people of his district. Maybe that can be found with a bit of research. Anyway, I have little sympathy for anyone making that amount and their crying about "just making it". The median income of his district is $31,085. I do not believe his crying would wash in the district where I live and it is much richer than his with a median income of $52,906. This is from Wikipedia.
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From the article:
However, Fleming was quick to explain that he only brought home a small portion of his $6.3 million gross income. As he told Jansing, "That's before you pay 500 employees, you pay rent, you pay equipment and food. The actual net income of that was only a mere fraction of that amount." In fact, according to Fleming, he made a comparatively paltry $600,000.
Got to nitpick here. The $6.3M number that is being referred to here is not income, it's revenues. Unbelievable that the writer of the story can screw up something as simple as financial terms on a web section called Daily Financial, but I guess that goes to the bias of the article.
Also, netting $600K on $6.3M is not 'paltry', it's at the upper end of the ratio of typical net-net income compared to gross revenues. Most corporations have a net-net income of between 5% and 10% of gross revenues.
However, Fleming was quick to explain that he only brought home a small portion of his $6.3 million gross income. As he told Jansing, "That's before you pay 500 employees, you pay rent, you pay equipment and food. The actual net income of that was only a mere fraction of that amount." In fact, according to Fleming, he made a comparatively paltry $600,000.
Got to nitpick here. The $6.3M number that is being referred to here is not income, it's revenues. Unbelievable that the writer of the story can screw up something as simple as financial terms on a web section called Daily Financial, but I guess that goes to the bias of the article.
Also, netting $600K on $6.3M is not 'paltry', it's at the upper end of the ratio of typical net-net income compared to gross revenues. Most corporations have a net-net income of between 5% and 10% of gross revenues.
Where does Fleming say that he is "just making it"? Where does he cry about his $200,000. He was simply explaining where he money went. I see no where that he is complaining about the amount of money has has earned or has for his expenses.
Of course $200,000 is a good sum of money for a family to live on. I don't see Fleming denying that. He's simply explaining that he doesn't live on $6.3 million or even $600,000.
Thousand Hills
Active Member
Basic financial principle, the greater the risk the greater the reward. Dude employs 500 people through his Subway stores and UPS stores (risk), lets take away more of his reward through higher taxes, and see how many he employs. Great strategy to get us out of this hole Mr. President. Or we could reward him for his willingness to take on the risk, and see how many more stores he can open up and how many more he can employ.
It's really sad when the President tries to deny he's engaging in it when he says, "it's not class warfare....it's math", as he did yesterday in suddenly growing some antlers and talking tough to Republicans.
I guess the rich folk on the board are defending the rich folk ... that is understandable as the Reublicans and Tea Party folk are very good at using catch phrases and words in new and inventive ways. Hmmm, rather like double-speak.
By the way, why are y'all using a good Communist term, but in a strange way. Here we have the upper class attacking the lower class.
If we are having class warfare here the middle class has already lost.
Class Warfare according to the man who coined the term, Karl Marx is:
Max Weber did not totally agree with Marx:
Both sides engage in this. Here's some liberal words and catch-phrases:
hate crime
affirmative action
anti-choice
right to die
"health care is a right"
"pay your fair share"
Crabtownboy, I've attempted to engage you in rational debate on this thread. Why are you ignoring my posts and simply complaining about how other people post on this thread? Are you interested in debating the topic at hand, or are you simply looking to get a rise out of people and then talk about their reactions?
Negative - a person should be responsible for info he passes on. I often receive "fwd emails" - usually anti-Obama. When the info is incorrect I will "reply all" with the correct info.
Our former Senator Daniel Patrick Moynihan (D-NY)said Everyone is entitled to his own opinion, but not his own facts.
I am entitled to "cast a stone" as I have been guilty myself - but have so admitted on this board, when I did not present facts.
Just curious, did you read the entire article? And did you read other articles? Also did you watch the video clip. I thought he was quite evasive and bringing up the "class warfare" was irrational, IMHO.
To say he cannot afford more taxes seeing that he makes $600,000 must sound pretty poor to his voters It does to me. He says he need $400,000 for reinvestment. This is for his benefit. Also does he supply medical benefits to his employees? I doubt it seriously. Could he not help his employees a bit? Seems the Christian thing to do to me.
The question isn't whether he can afford more taxes or not. I suspect many of us could technically afford to pay more taxes. The question should be whether or not it is proper to raise the taxes or not. He's already paying far more taxes than either you or I Crabtownboy, why should he shoulder even more of the burden?
Why should 50% of Americans pay no federal income tax at all, yet this man be required to pay even more? Here's an idea, let's institute a mandatory 1% on all households. This 1% would not be eligible for cancellation via tax credits, deductions, or exemptions. There are 112,000,000 households in the US. The median income is 50,000. 1% of 50,000 is $500 (yes I know this isn't perfect, but let's just use it). With my plan we just got the government $56,000,000,000 to spend. All households share that burden equally. That's a plan I can deal with!
Max Fenster
New Member
So, he pays himself $200k to live on and expenses the $400k remainder to grow the business. Seems to me, this adds up to a $200k income - someone whose taxes won't be raised.
Whether he can live on $200,000 isn't the real point here. Crabby and his ilk want to steal from this man so that the government can take it and waste it. If the rich man doesn't pay more taxes then the welfare checks are in danger. That might just cause the Democrats to lose some of the votes they bought by keeping people enslaved to government benefits. Now that just would not do.
No-one needs to live on $200K pa. My heart really doesn't bleed for him..., poor little diddums...
And, Sag38, 'theft' takes many guises...
And, Sag38, 'theft' takes many guises...