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Old 10-22-2008, 11:12 AM
 
63 posts, read 89,219 times
Reputation: 44
Anyone who thinks we won't have higher taxes under McCain or Obama is living in a delusional world. It's just a question of who is going to bear the brunt. With two wars going on, a $700 billion bailout, and another economic stimulus package coming, someone has to foot the bill. It happened to Reagan, it happened to Bush 1, and it happened to Clinton. If Bush 2 had had any concept of economics, he would not have cut taxes while starting 2 wars!

Get real people, it's time to pay the bills that have been run up the past 8 years!
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Old 10-22-2008, 11:16 AM
 
Location: Fort Myers Fl
2,288 posts, read 1,693,917 times
Reputation: 875
Quote:
Originally Posted by pghquest View Post
Your not the only one, someone makin $8025 is taxed at 10% (2008) but in 2000, they were taxed at 15% Looks to me like Bushs' tax cut helped the poor, and Obama wants to repeal them? Tell me again why the poor is voting Democrat again?
Because they are uneducated and always looking for a cool hero. That is what they found in Obama.
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Old 10-22-2008, 11:27 AM
 
1,986 posts, read 2,668,758 times
Reputation: 1349
Okay, either you're all rich or you don't read.

1. You ONLY get a bigger tax cut under McCain if you make over $111k a year.

2. You ONLY pay higher taxes under Obama if you make over $115k a year.

If you're all rich, good for you! Otherwise, stop being dogmatic and go read the chart (after all, this is your wallet we're talking about):

Obama and McCain Tax Proposals - washingtonpost.com
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Old 10-22-2008, 11:27 AM
 
Location: The 719
8,109 posts, read 13,064,786 times
Reputation: 9518
Quote:
Originally Posted by cohdane View Post
OP-- your link appears to just cover CURRENT tax codes. I can't see how it applies to what you're talking about.

For anyone who wants a clear easy break-down of the different tax plans, I found this link, with a chart by income-- for both Obama and McCain. Which candidate is "better" for you financially all depends on how much money you make:

Obama and McCain Tax Proposals - washingtonpost.com
We fall in the -2.5% with McCain's plan and we'd have to make $74,051 less to get that much of a cut with Obama's plan.

Hmmm, welfare here I come! Yippee!

Quote:
Originally Posted by dcadca View Post
Ok well besides what everyone else said is wrong I went along with your plan and in 2008 I was taxed at 25% in 2000 I was taxed at 28% soooooooo that means under Taxabma I will have my taxes increased. Great, thanks for proving why I will NOT be voting for him.
And you're gonna be the swing vote so YAY!!!!!! McCain/Palin! It'll just mean more money for us. McCain +1 today and Obama -1! Don't forget to vote!
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Old 10-22-2008, 04:06 PM
 
Location: Neptune Beach, FL
1,145 posts, read 1,669,158 times
Reputation: 491
Quote:
Originally Posted by cohdane View Post
OP-- your link appears to just cover CURRENT tax codes. I can't see how it applies to what you're talking about.

For anyone who wants a clear easy break-down of the different tax plans, I found this link, with a chart by income-- for both Obama and McCain. Which candidate is "better" for you financially all depends on how much money you make:

Obama and McCain Tax Proposals - washingtonpost.com
It's pure nonsense...he's going to give the biggest break to those that pay in the least, and this group will NOT create jobs for other people with the money they save in taxes. The wealthier people in McCain's column will use that money to create more jobs, and hence create more wealth.

Obama's plan will crash what's left of this economy, it's pure economics. But I can certainly understand why he's even thinking of structuring his tax cuts this way.....it will ensure that he gets the most votes, and then after he's elected, he'll just say, "Well, I was left a big mess by George Bush that I'm trying to clean up, and it will take time."

That's right folks, there is no magic wand that he will wave and fix everything, but good luck to you when he gets in there. Hope you don't work for a small business or your job is in jeopardy when he gets elected.
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Old 10-22-2008, 04:14 PM
 
Location: Texas
835 posts, read 833,528 times
Reputation: 173
Quote:
Originally Posted by zman0 View Post
Obama has promised to roll back the Bush tax cuts, so how much savings would that result in for your family?

Tax Brackets (Federal Income Tax Rates) 2000 through 2008

Type in your income and hit "calculate" to find your tax bill for 2008.

Then, select 2000 from the drop down menu, and hit "calculate" again.

This will show you how much money you will save under the Obama plan.

Yep, just as I have said Obama will raise my taxes by 12%.....thanks for that as I already pay 50.3% in taxes!
McCain will lower my taxes by 10%...hmmm let's see who to vote for.....

McCain-Palin 2008
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Old 10-22-2008, 05:32 PM
 
8,496 posts, read 9,679,699 times
Reputation: 4228
That's going to cost more than the war in Iraq! He'd better end it before the 16 months he is talking about.

Under Obamas plan if I made over 250M and he raised my taxes I would have to lay off an employee. But I don't.
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Old 10-22-2008, 07:44 PM
 
Location: Fredericksburg, Va
2,429 posts, read 6,777,657 times
Reputation: 1974
According to the chart, I'll fare much better under McCains tax plan---Obama isn't for me!
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Old 10-23-2008, 04:07 AM
 
Location: Unperson Everyman Land
20,935 posts, read 9,476,522 times
Reputation: 4713
Quote:
Originally Posted by ShakenStirred View Post
It's pure nonsense...he's going to give the biggest break to those that pay in the least, and this group will NOT create jobs for other people with the money they save in taxes. The wealthier people in McCain's column will use that money to create more jobs, and hence create more wealth.

Obama's plan will crash what's left of this economy, it's pure economics. But I can certainly understand why he's even thinking of structuring his tax cuts this way.....it will ensure that he gets the most votes, and then after he's elected, he'll just say, "Well, I was left a big mess by George Bush that I'm trying to clean up, and it will take time."

That's right folks, there is no magic wand that he will wave and fix everything, but good luck to you when he gets in there. Hope you don't work for a small business or your job is in jeopardy when he gets elected.







I think it's just ridiculous that grown adults are discussing this promise as though it were fact. It's crazy.



When Clinton reneged on his promise to raise taxes on only the top income earners, folks making as little as $20,000/yr had their tax rates increased from 11% to 15%, a 36% increase in tax liability! I expect far worse from Obama.


CLINTON'S ECONOMIC PLAN: The Campaign; Gambling That a Tax-Cut Promise Was Not Taken Seriously




By MICHAEL KELLY,
Published: February 18, 1993
In selling his economic plan, President Clinton is gambling that voters never took seriously his campaign promise to lower the tax burden of the middle class and will respond favorably to an aggressive pitch based on equal measures of hope, fear and class revenge.



http://query.nytimes.com/gst/fullpage.html?res=9F0CE4D9103CF93BA25751C0A9659582 60&sec=&spon=&pagewanted=all
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Old 10-23-2008, 05:07 AM
 
Location: OH->FL->NJ
2,741 posts, read 3,996,748 times
Reputation: 918
McCain Obama. NEITHER WILL HAPPEN!

McCain. WONT GET THROUGH the Dem Congress.
Obama. WONT BE VOTED ON VERBATIM by the Dem Congress. They will simply raise taxes. (over ?$80?K) Obama will sign.
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