Tax Impact

I’s surprised that anyone would think Obama wouldn’t raise taxes. He’s promised millions more than could ever be raised by taxing the top 5% of wage earners. Where do his followers think the money will come from to implement all those programs.
ANSWER: From every American! No thanks!

Its one of those claims that gets so much applause.
“I told Congress ‘thanks but no thanks,’ to that bridge to nowhere,” Alaska Gov. Sarah Palin has said over and over on the campaign trail, CBS News correspondent Wyatt Andrews reports.
Palin just won’t let it go. But the truth is the governor never rebuffed Congress. Here are the facts.
After a year of supporting the proposed bridge, near Ketchikan, Palin pulled state funds from the project, which killed the bridge for good, but she never said “no thanks” to the Federal funds promised by Congress – $233 million.
In fact, here’s the list of how Palin is spending those federal tax dollars – on other highway projects around Alaska. As a candidate for governor, she defended every dollar for roads and bridges the state could wrangle from Washington, according to the Congressional Record and the Alaska Department of Transportation.
“I’m not going to stand in the way of progress that our Congressional delegation in the position of strength that they have right now, they are making those efforts for the state of Alaska,” Palin said.

Hockey Moms for Obama
Sure, right. Dream on.

McCain’s tax policy follows that of Bush and Reagan and might be likened to the old line that Steve Martin used to use on SNL: How to be a millionaire and Avoid Taxes— First You Have to Be a millionaire. Unfortunately all too many people are fooled all too easily.

So if McCain is a conservative, where is all that tax money from the lower and middle class going to. Probably that big expensive war in the Middle East. Under the Bush administration, there has been the largest transfer of wealth from the lower and middle class. You would have to be a total moron to think that you would have lower taxes under McCain. Unless of course if you are like the McCains making a lot of money. Perhaps this is why they support the Bush tax cuts.

This is a great article,but unfortunately the Republicans don’t read or believe any of the facts —they have created their own reality.

skye: I wish you luck under Obamas plan. With all the programs and big plans to spent money, if you think the top money maker will cover it you have a serious problem. People need to remember that we “the people” are the government. The government dosen’t make money except from “the people”. There are alot of people who pay NO TAXES, but receive checks from “the people” every month. I don’t care if they are handicapped. They should receive money. But, there are to many people with their hands out and we just can’t keep doing this. If you will remember 2 years ago thing were much better than today. No high gas and food prices, etc. When the Dems. took over they really messed everything up. This was done to try to put Obama in the White House. The Dems believe that the American prople are stupid. Are We?

Barbara,
Obama would pay for his health care plan by gradually reducing the troop commitment in Iraq, cutting other government spending and increasing income taxes on those who have taxable incomes in excess of $2.3 million annually. By the way, that’s not much of a burden for these folks because they got virtually all the gains from the increased productivity of American workers since 2001.
As for the economy supposedly being good before the Dems took control of Congress in January 2007, how do you spell real estate b-u-b-b-l-e? The boom times were phony, in case you haven’t been paying attention, and, oh yes, gas prices have been rising since Bush took office.
What did you expect with two oilmen from Texas in the White House?

Personally, I think that the rich people should be taxed more. People who work hard every day of their life and struggle to make ends meet are the people that need the most help. People who could afford numerous houses and yachts and other luxuries could afford to pay more in taxes. It is simple “The more you make, the more they take”

McCain & Palin are liars. They have lied a about the BRIDGE and EARMARKS, their TAX CUTS what next? Is this the type of President you want?

The marginal rate on $250-$260k under Obama’s proposal would be 36%, not 39%.
Also, gross income of $250-260k annually would not be high enough to hit the 36% rate, which applies to taxable income (after deductions and credits). There would be no difference in income tax liability at this level.

Sen Obama has said so much you cannot keep it straight. Now this says taxes go up on 250,000 per person. At saddlebrook it 250,000 per family. Earlier it was 150,000 per family or 75,000 per person. Which is it? Bottom line is HE WILL RAISE TAXES on most of us to pay for his programs. Increasing corporate taaxes which he also wants will send jobs away. At least Sen McCain is consistent in his campiagn of not raising taxes at all.

this bridge from nowhere thing she said thanks for the money then no to the bridge she used the money for more important things both of the senator for the dems voted for this bridge then when congress had a vote on instead of funding the bridge use the money for katrina guess what they voted againnnnnnn to fund the bridge instead i think she made a smart decission dont you also senators vote on ear marks not govenors

It amazes me that people who make less thank 50k a year would think that McCain would look out for them! Isn’t McCain the one who thought the middle class were people making fewer than 6 million a year? Some of you people are your own worst enemy!

Posted by: Barbara: If you will remember 2 years ago thing were much better than today.No high gas and food prices, etc.
*****
Where were you living back then? Disneyworld?
Gas prices started their increases in 2005!
Food Prices are directly related to several factors:
Transportation, Inflation and Bush’s favorite
pastime- procrastination!
************
Posted by: Barbara, When the Dems. took over they really messed everything up.
How can you make a house hit by a hurricane
any worse
Posted by: Barbara, This was done to try to put
Obama in the White House. The Dems believe that
the American prople are stupid. Are We?
Some of you were, for 8 years….You might be
an exception though, because of your statement
showing compassion for handicapped people.

One more thing – it takes a certain measure of “corrupt” in order to even want to be associated with politics. Each party has defined what their view of righteousness is. There are falicies and aspects of truth to both viewpoints. BOTH camps are guilty of stretching facts, so neither of these candidates or their parties can wave a moral wand from their ivory tower.
Folks: Never allow yourselves to become so unbelievably arrogant that you feel one party has all of the answers. Republicans are known for being bereft of social compassion – and Democrats are typically known for fiscal irresponsibility (which the Republicans are quickly taking over). My husband and I have chosen the Independent route – but we know that a candidate from this party will not be elected in our lifetime. It’s sad because the two primary political parties in power alienate the citizens of this country from each other; even sadder – that we allow them to do it.

McCain/Palin we would be better off if elected. Government screws uo our lives..and can give many examples. Raising taxes more, ill will have to lay-off more employee’s and makes me go invest in another county. Do you people not get it? The more we tax the rich, more they take there rich’s and move them away from U.S.. Then the poor get even more less money. Liberals get your math right, from What I have seen in these posts, I would not want to use your calculations or calculator to run my buisness.

Well, One thing to note is how McCain “sold out” just to be president. Previously he was against tax cuts (he fought Bush over it) And He took no stand on the pro-life thing. Here in Arizona we know what he used to be about however now he’ll say anything his party tells him to. What a sellout.

my brother-in-law makes tens of millions a year and he told me and showed me that after all his dedcutions on his taxes he pays less then $500,000 a year in taxes. he makes 20 millon a year. taht is what is not fair he could pay 2 million and not even feel it. but republicans dont want the rich to pay anty taxes why the working class keeps on giveing up for the rich.

I am voting for Obama because it is definately time for a change. I am sick and tired of the lies. If you are going to discuss any of the issues at hand make sure you have your facts straight.
Thank you

Lets see if Obama pays more taxes under his plan. He earned over $2,000,000 in 2007. Oh I forgot, he and Michelle will conveniently come up with newly created blind trusts. The dems are so full of it. If you took all of the assets of the dems in congress and compared them to all of the assets of the GOP in congress, the dems would blow them away. Both parties have flaws but the democratic party is far more hypocratical when it comes to the economy and taxes. Blame the high gas prices on Bush but the prices have doubled and the economy has weakened since the dems took control of congress.

Obama say uuuhhhh…duhhhh….mmmmm…uhhhh

Citizen Voter – if you want the future to improve, you’re choosing the wrong ticket.

Make politicions work for free, take away their large incomes and 3 month vacations and we would get people who would truly be working for the people and not people working for their bank accounts

people ive accually researched it the only people Obama is going to raise taxs on is people making over 600,000 a year. where as your buddy McCain is going to lower there taxes by 43,000 dollars McCain will lower taxs for people making 35,000-65,000 by only 375 dollars where as Obama will lower there taxes by 1300 dollars thats 4 times as much. Try doing some research people you will see that Obama is going to lower your taxes much more then McCain will.

McCain has lied so much about Obama raising taxes that he is brainwashing everyone. I guess Obama needs to drum up some lies about McCain if that’s what it takes. He’d better do someting before these Republicans win the election.

Unfortunately, Palin isn’t running all on her own Rob! Just so you know, the royalties from mineral rights are the second highest producer of income besides the payroll tax. Income tax is different from the payroll tax, and since i work for a living and not off my investments, the payroll tax is far more important to me than the income tax. Don’t be fooled. Taxes will be raised, but the majority of American’s who work for a living will be offered a little relief….finally, under an Obama administration. McCain’s plan, by the time you get your whoppin tax credit to buy your own helathcare, not only will you pay the same or more (due to inflation at a whopping 5% and no raises) but that healthcare credit will not go far, and ten years from now, which is how long it will be in place, it will go even less. Palin-Schmalin…go back to Alaska and get that Natural Gas pipeline built. We’ll need it to convert our vehicles over the next 6-7 years while Obama gets American Developers to REALLY get us free from foreign oil and into some serious alternative energy. Something that McCain has very vocally derided as ‘not going to work.’ Go home John, its over.

Obama is a joke. The Obamakins just don’t get it. He will raise taxes, PLUS take the cap off of capital gains, and inheritance taxes. Redistribution of wealth is socialistic and has ALWAYS FAILED. The DEMOCRATIC CONGRESS has a 9% approval rating. 9% !!!!!!!!!! They are a dismal failure and their little Obamakins spin everything and blame the republicans. It’s scary to think so many are voting that don’t have a clue. Sad, very said.

LJB-R, What is scarry is that you are “voting and don’t have a clue. Everything comes at a price and if we don’t pay for it today our children and grandchildren will pay throughout their lives. For your consideration, McCAIN’s plan is BUSH’s plan by his own admission. So how has it worked for us in the last 8 years. FACT: Over the last 100 years democratic presidents have resided over stronger economies than their Republican counterparts. FACT: Over the last 20 years (BUSH/CLINTON/BUSH) the Democratic president has far and away out performed his Republican Counterparts, in every catagory. FACT: The greatest number of bank closures since the great depression. Fact: greatest number of foreclosures since the great depression. McCAIN’s economic advisor “Americans are whiners”. McCAIN “the fundamentals of the economy are strong”. McCAIN “I don’t know that much about economics”. Most independent economists favor Obama’s plan. ALL I ASK OF THE VOTERS OUT THERE IS TAKE A LOOK AT EACH OF THE CANDIDATES ON THE ISSUES. GO TO EACH OF THEIR WEB SITES WITH AN OPEN MIND. DON’T VOTE OUT OF HATE OR IGNORANCE.

At least with Obamas plan, the 95% have an opportunity to invest their money, as they see fit, and not have to rely on the 5% who choose to go overseas for business.
That 5% who will get taxed more, should be willing to GIVE a little more, for the benefit of All peoples. This way we all can get a ‘bridge to no-where’, or at least some of us actually can make a ‘bridge to somewhere’.Like a better life.If the middle class can not afford to buy high price items, this would cause more companies to go overseas, and cut american jobs. But by tax cutting the middle class, we can pay for those higher prices gouges, many companies love to have. Tell Palin ‘Greed’ is one of the deadly sins. Maybe Gods plan is to make America a United country, and not a Roman pryamid scam.95% of the people sounds closer to Unity than 5%.

I don’t trust Obama’s tax plan. His social programs are outrageous. Promises, promises, promises. and guess who will pay for it. Here’s s sample. Obama will collect 28% income tax on the sale of all homes regardless of selling price. McCain plan does not propose any change to the existing home sales income tax and a 0% capital gains tax on homes up to $500,000. If you’re retiring and want to downsize and move into a retirement home, plan to paying Mr. Obama 28% of your profit. Doesn’t make the American dream of owning a home attractive does it? The seller is going to try to recover the 28% tax by raising the price. Obama’s tax plan for your investments and retirement plans that pays or reinvests dividends you will pay 39.6%. Under McCain 15% no change. Here’s what happens to you when Obama reverses the Bush tax cuts:
Find your tax braket:
Under McCain No change Obama You Pay
Sgl. 30K – tax $ 4,500 $ 8,400
Sgl. 50K – tax $12,500 $14,000
Sgl. 75K – tax $18,750 $23,250
Mrd. 60K – tax $ 9,000 $16,800
Mrd. 75K – tax $18,750 $21,000
Mrd.125K – tax $31,250 $38,750
Under Obama your total taxes will double. This is not the kind of change we need.

All the DNC horses and all of its men could not put the Messiah in the lead again…LOL its over for you Osama no matter how much you, the MSM, and Hollywood try to buy your way into this election

First and foremost, Obama’s objective is to raise taxes so we can help other countries like those in Africa. No-nonsense, just reporting what his objective is. Why would we raise taxes just so we can help foreign countries live a better life. I am not against helping out, but why raise our taxes to do so. That is why there is the red cross, charities, etc etc. If obama is in, it will become mandatory. It will become the foreign relief tax-ha.
Also if all you folks are sold on any one president that they have that much clout then you all need to take a class in government. I would be very afraid to live in a country that has that kind of power or swagger from one individual to rule millions. That too me sound almost socialistic, or dictatorish? A president can represent his plans to congress, but it is by all means passed through congress first before it becomes law. So, each congress member goes to his constiuents and gets approval or disapproval and they vote on behalf of the people, supposedly? Often times that does not happen. But lets look at the big picture, here folks, who has the majority in congress- yes the democratic party or AKA socialist party? The president only signs into law what was passed by congress and about the only oversight the pres has is the veto. The pres can accept or deny the bill and then and only can congress pass if 2/3 of the senate pass it. That is how our government was founded, and if there was any wrongdoing, the supreme court is supposed to clean up the mess. So lets not put so much emphasis on a president but the congress as a whole. We should all know by now that whatever the new pres offers, often times never happens. The pres just has influence on the public, and they either agree or disagree.
Thanks

To all Obama supporters/voters:
To reduce stress, please sign the following:
I (FIRST and LAST NAME) being an Obama/Biden Supporter/Voter and believing taxes will go down, promise to pay any additional taxes for one NON Obama/Biden Supporter/Voter, when said taxes increase to pay for all new government programs.
Signed ____________________ (Obama/Biden Supporter/Voter)
Date: ________________
Please forward to the IRS.

There you go again throwing those phony malicious scare tactics around. Wasn’t that the tacit used against Goldwater. We all know that the closest America has come to nuclear war was when Democratic President John F. Kennedy was if office. Fortunately cooler heads than yours prevailed.
My family didn’t build a shelter then and we won’t do so now, but if you need a cozy safe place in an emergency, Joe Biden is looking for people to sleep over.
You really do demean yourselves with the hysterics.

How can people be so selfish? I am ecstatic that Obama will lower taxes for those that make less than 250K. For those of you that have achieved financial success (over 250K0 and cannot reach out to those less fortunate and be happy that their tax burden can be eased. Shame on you. You don’t deserve the money you make.
BTW: I fall into the “make over $250K” category.