It's called "trickle down taxes"....all of Obama's plans....sm
Posted By: sm on 2008-10-18
In Reply to: Does anyone on this board - make over 250K????
in the end, will RAISE the price and cost of all those businesses who offer services and practices to all of US.....his raising THEIR taxes will RAISE what we spend out of our pockets....not to mention every other TAX which may not be INCOME TAX, will skyrocket, under Obama.
Geez....do all your reserach and do the math
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Compare your taxes under McC and Obama plans
I just did mine and I pay less taxes under Obama.
http://www.electiontaxes.com/
What are Obama's plans now?
I never believed that BO's plans would work to benefit our country, but now he can't even start his plans if he is elected. This economy is too out of wack and the government has NO money. So how does Barry expect to keep his promises he has made during his campaign? We can't afford more government programs. It just is not possible. So much for that hope he keeps talking about.
I admit that the promise of change is an attractive idea, but I have yet to hear any "plan" of Barry's that will actually bring change worth voting for. Voting for him initially would have raised government spending and taxes. Now that the country is in deep financial crisis....what does he propose now? I haven't heard much of significance out of him to suggest he really will bring about change....or I should say change for the better.
CHANGE WE CAN FEAR.....Barrack Hussein Obama
help with 2 Obama plans
I have found 2 things I need help understanding that were proposed by Senator Obama and am wondering if someone can shed light on what these proposals are. One is "universal national public service" (also spoken about by Michelle Obama in a recent speech) and the other is "civilian national security force." From what I have read, they sound scary, but I am not sure I understand either. Anybody know anything about these?
I disagree. I think Obama's plans
will be the one to further hurt our country. However, if I am wrong (and if O wins I hope I am wrong), I will give Obama credit if and when it is due. Until then, I stand by what I believe. Raising taxes during a financial crisis like this will ruin us. Taxing businesses more will only make our products and services cost more which WE will pay for. And as much money as Obama is wanting the government to spend on his programs, he will have to tax more than the rich to cover his expenses.
Cut taxes and cut government spending!!!! Not the other way around.
I understood Obama's plans
thus my message below. I was simply responding the the wish for socialized medicine that equals that of the wonderful place we call Iraq!
No. Because Obama's disastrous plans have not
nm
Yep, and Obama's plans constitute socialism
nm
Is Obama starting to embrace McCain's thoughts and plans?
I just heard a little speech on the news at a rally made by the O. All of a sudden, he seems to be mirroring McC's ideas about regulation, the bail out, etc. I noticed him saying things before (and after the debate) that McC had first campaigned for, but didn't say anything because I really thought I was hearing things.
Now I'm flipping channels to see if I can hear this again.
Finally an article on the truth of Obama's big tax cuts and plans...sm
It's been hard to find this story and the facts lately, and I'm glad you posted this.
It really sounds like Obama is trying to "buy" the votes of all the people in America in the lower income bracket.
Very sneaky and scary, as most people believe him.
You lefties are so naive. Obama has plans for worse for our nation.
This would not be "trickle up"
I doubt there are many posting here who would have money taken from them to give to the "poor."
I wonder how many MTs working today know what it was like in the 70s and 80s when you could literally write your own ticket? It wasn't unusual to get calls trying to hire good MTs away from their employer. It wasn't hard for a good MT to knock down $100,000 annually WITH full benefits, including medical insurance that was paid by the employer for the employee with reasonable cost for family coverage. Downtime, vacation and sick time was paid at your average production rate rather than some $10/hour cr@p. Do you think the mega MTSO companies are any less profitable today than they were then? No, actually they are more profitable. That is usually the case when any business operates on slave labor, the conditions MTs work under now days. The company that I worked for most in those days was Transcriptions Limited. Guess what they became?
Yes, everyone will pay more taxes under Obama...
By Ned Barnett,
I confess. Senator Obama's two tax promises: to limit tax increases to only those making over $250,000 a year, and to not raise taxes on 95% of "working Americans," intrigued me. As a hard-working small business owner, over the past ten years I've earned from $50,000 to $100,000 per year. If Senator Obama is shooting straight with us, under his presidency I could look forward to paying no additional Federal taxes -- I might even get a break -- and as I struggle to support a family and pay for two boys in college, a reliable tax freeze is nearly as welcome as further tax cuts.
However, Senator Obama's dual claims seemed implausible, especially when it came to my Federal income taxes. Those implausible promises made me look at what I'd been paying before President Bush's 2001 and 2003 tax cuts, as well as what I paid after those tax cuts became law. I chose the 2000 tax tables as my baseline -- they reflect the tax rates that Senator Obama will restore by letting the "Bush Tax Cuts" lapse. I wanted to see what that meant from my tax bill.
I've worked as the state level media and strategy director on three Presidential election campaigns -- I know how "promises" work -- so I analyzed Senator Obama's promises by looking for loopholes.
The first loophole was easy to find: Senator Obama doesn't "count" allowing the Bush tax cuts to lapse as a tax increase. Unless the cuts are re-enacted, rates will automatically return to the 2000 level. Senator Obama claims that letting a tax cut lapse -- allowing the rates to return to a higher levels -- is not actually a "tax increase." It's just the lapsing of a tax cut.
See the difference?
Neither do I.
When those cuts lapse, my taxes are going up -- a lot -- but by parsing words, Senator Obama justifies his claim that he won't actively raise taxes on 95 percent of working Americans, even while he's passively allowing tax rates to go up for 100% of Americans who actually pay Federal income taxes.
Making this personal, my Federal Income Tax will increase by $3,824 when those tax cuts lapse. That not-insignificant sum would cover a couple of house payments or help my two boys through another month or two of college.
No matter what Senator Obama calls it, requiring us to pay more taxes amounts to a tax increase. This got me wondering what other Americans will have to pay when the tax cuts lapse.
For a married family, filing jointly and earning $75,000 a year, this increase will be $3,074. For those making just $50,000, this increase will be $1,512. Despite Senator Obama's claim, even struggling American families making just $25,000 a year will see a tax increase -- they'll pay $715 more in 2010 than they did in 2007. Across the board, when the tax cuts lapse, working Americans will see significant increases in their taxes, even if their household income is as low as $25,000. See the tables at the end of this article.
Check this for yourself. Go to http://www.irs.gov/formspubs/ and pull up the 1040 instructions for 2000 and 2007 and go to the tax tables. Based on your 2007 income, check your taxes rates for 2000 and 2007, and apply them to your taxable income for 2007. In 2000 -- Senator Obama's benchmark year -- you would have paid significantly more taxes for the income you earned in 2007. The Bush Tax Cuts, which Senator Obama has said he will allow to lapse, saved you money, and without those cuts, your taxes will go back up to the 2000 level. Senator Obama doesn't call it a "tax increase," but your taxes under "President" Obama will increase -- significantly.
Senator Obama is willfully deceiving you and me when he says that no one making under $250,000 will see an increase in their taxes. If I were keeping score, I'd call that Tax Lie #1. |
Three more tax Lies at the link: http://www.americanthinker.com.....ncrea.html
so you'd rather have "Trickle-Up poverty"
yea... that's probably best
F: Obama is going to raise MY taxes...
DH and I don't work hard to give to those who can't/don't/won't.
Or Obama's 3.5 trillion in taxes
xx
MQ pays tons for those taxes of Obama's
They certainly must for so many MTs to be all atwitter over this plan. Fred Thompson said it perfectly last PM.
So those "moneybags" need to stop griping about MQ and how crappy it pays. You think you have less in your pockets now? You think this crap he's promising is free? How ignorant!
Gee, you must be a millionaire if you are worried about Obama and taxes.
Tdd
Problem is, the taxes Obama does raise
nm
obama's voting record on taxes
http://www.factcheck.org/elections-2008/tax_tally_trickery.html
Yeah, and now put Obama in there to raise taxes
nm
Obama says he hates paying taxes
++
McCain would start new jobs, Obama new taxes.nm
x
Well, we all know the old "trickle-down economics" of the past admnistrations has not worked,
ever more greed, and then the removal of the banking regulations really set up the rest of the debacle. The President is fighting a GOLIATH here when it comes to all the problems he has INHERITED, we should pray for his wisdom, strength, and security, and at least he is acknowledging short-falls and problems, trying to reach out to both parties, and trying to ACCOMPLISH something real and LASTING for this country, all Bush could do was give checques away, which was supposed to be a quick "shot in the arm" the for economy, but he did not open his eyes to see that when middle to low income families are living in debth and cannot pay for anything, that they are going to pay bill and save some of their money, not go out and buy more cars, TVs, other big ticket items, as he thought. Good solid work programs was what put the country back on its feet back during the Great Depression, it is not a "quick" fix, but a lsting one that reaches into multi levels of the ecomony, the worker, small businesses, etc. Lets's PLEASE give the President a chance beyond his first week!
What the chart shows is that Obama is going to raise taxes on the people....
who employ the people in the other brackets. Trickle down will not be beneficial. What is wrong with giving the middle class a break? They are already supporting most of the lower class anyway. THe lower class already pay next to nothing in taxes. Oh I forgot...economic parity, redistribution of wealth....good old Marxist values.
I think O in Obama was deleted, the one that called a name nm
nm
What is WARPED, is Obama's so-called
nm
Obama called McCain to issue a
joint statement about the financial bailout. McCain surprisingly an hour later proposed to postpone the first debate. Seems to me McCain is not ready to debate Obama, after all, he doesn't know much about the economy, and that's bound to come up in the debate. Poor ol' guy.
Obama called wives off limits when
was said about Michelle early on in the campaign. He sure never had a problem when the NYTimes smeared Cindy Mc recently. How in the world could you ever find satisfaction in backyard gossip about a 17-yr-old girl being pregnant and not married? You tell me one family in American that has not been touched in one way by this situation! The very idea, to threaten a young girl with gossip and smears that could easily be your own daughter, sister, cousin, best friend or your son's girlfriend.
Loved it when Biden called Obama
nm
That's why Obama called for a meeting with McCain....(sm)
Obama is going to have to *waterboard* that info out of him....ROFL....
Yeah, I often amuse myself.
I was called a racist because I wanted Obama! go figure
nm
You are wrong. John McCain called Obama back....sm
personally and agreed to a joint statement. Minutes later, John McCain held a news conference wanting to postpone the debate and suspend his campaign, asking Obama to do the same. Hello?
President Obama=bigger taxes, bigger government, and a profound change in society and culture
His plans are just that....plans.
Besides, I don't think he can actually even try to do any of his plans with the way things are now. The economy just won't allow it. We can't afford any government programs or universal health care. The USA has no money. Even if he just taxed the rich more, which I doubt it will just limited to the rich, that still wouldn't be enough money to pay for these government programs. It won't happen....it can't and if it does, we will all pay for it because all taxes will go up.
Oh, goody-goody! The "trickle-down theory"
NM
Cheaper plans -- $107 to $220
There are cheaper plans for the child, just checked and they range from 107 with 1000 deductible up to 220 for HMO. I had to go without health insurance for a long while after getting divorced and getting my life back together, did not ask the government to come in and save me and at an older age, have a lot more chance of medical problems than young kids. When I was a kid there was no health insurance, hardly went to the doctor. I just feel that middle income people (over 80,000) can afford to support their kids with insurance. Do not carry it on yourself and cover your kids if you feel so adamant about it. And as for the cigarette tax covering it, once they find out the administation cost of it, then they will have to tax the rest of us to fund it. Also every government plan starts out great and then they cut the benefits to the doctors as they don't have the money and pretty soon there are no doctors that will accept those patients. Seen it time and time again. But like someone else said, give a credit to the family once they pay the premiums for their kids. Government taking care of us is not the answer, at least to me it isn't.
Plans for CHANGE! LOL
x
me too - who else plans to quit
Why work. There are no incentives. Why should I work when my money will be taken and given to people like Peggy Joseph who stated she won't have to work to buy gas and she won't have to work to pay her mortgage.
I did not say I did not agree with his plans -
I said we are not all looking for handouts... Of course, some people believe that is what he is going to do - I for one do not believe he is going to give "handouts".
I also don't consider tax cuts handouts, I don't consider helping people go to school handouts.
And, I very much LOVE the idea of not rewarding companies for sending our jobs overseas and for giving tax incentives to the companies who keep our jobs in the states.
I love the fact that I will not have to itemize my taxes to get to count my mortgage interest off on my taxes - why should some people be able to claim that credit and others not be able to?
I love the fact that he stands for a woman's right to choose what to do with her own body...
I love the fact that he is going to work toward getting affordable insurance for all people and not have to depend on an employer to provide you some type of coverage...
I never said I did not agree with his plan - just that I interpret his plans different than you.
Congress looks at Big 3 plans...... sm
Congress has looked at the Big 3's plans to cut costs in order to "qualify" for a bailout, the amount of which has now grown to $34B. Nancy Pelosi seems to be in favor, so my bet is they will get it.
Some of the concessions the auto makers are ready to make is slashing the executive pay, getting rid of executive bonuses, postponing employee merit raises for next year, suspending health care payments into a union health care plan, and possibly getting rid of the controversial job banks.
Ford said they only wanted a standby line of credit with the government in case the other two go belly up. GM seems to be the one hurting the most.
I really have to wonder, will a bailout REALLY help or will it just postpone the inevitable with the rest of the economy dying the way it is????
http://www.npr.org/templates/story/story.php?storyId=97737508&ft=1&f=1001
Went on with thier plans...
with the blessing of folks like Nancy Pelosi. This is hardly a Pres. Bush problem or a republican problem. Obama digs much further and I think we'll find there are more people in Congress that knew about it and either agreed with it or did nothing about it, on both sides of the isle. Is he going to prosecute everyone?
That would be a sight!
Obama's campaign called McCain's campaign.
This was reported an hour or two before McCain had his little news conference. Shouldn't take to heart too much of what McCain says as he is a known liar.
Other plans out there make more sense
I've been researching other candidates and their plans.
On the Dem side - Kucinich has a plan for only one insurance provider to everyone. Sends all the bloodsucking insurance companies and their "preexisting conditions" and "not medically necessary" straight out of business. I kinda like that plan, as I used to do billing and it would sure cut through a ton of red tape for doctors, hospitals, their staff and the patients.
On the Rep side - Huckabee has a plan that does away with employers providing insurance. That's kind of scary, as "pooling" to get better insurance rates has always been the cheaper way to go.
But any plan I've seen doesn't worry me as much as Hillary's!
Anybody else who has heard of a candidate with a good plan, please chime in!
i'm curious about both sides as far as plans
x
Yeah, plans are already underway to...
"let his followers down easy" so they don't go from "euphoria to despair." Read the article in the lowering expectations post below. The Obama camp knows full well that when the faithful find out the sugar train is not coming into the station like promised....NO ice cream for YOU...they don't want them all "in despair" because the great and powerful "O" can't deliver (Uh oh Toto!!).
Good grief...it is AMAZING. lol.
So sam, what are the sleeping lion's plans for change?
Address poverty? Restore the every diminishing quality of life for the middle class? Mortgage industry? Predatory lending/credit card practices? Balanced budget? Reduced debt? Tax reform? Create jobs? Outsourcing? Minimum wage? Protect Social Security? Workers' unions? Small busineses? Corporate corruption? Free trade? Clean up the environment? Alternative energies? Fuel efficiency? Clean elections? Special interests? Federal contract earmarks? Patriot Act? Ending the War? Restoring alliances? Global diplomacy? Separation of church and state? Just curious.
And so are is researching the candidate's plans for the country
how can you ever vote for the RIGHT candidate?
He plans to give the middle class (that would be US)
Don't know about you, but I just can't pay any more taxes without going under financially. (Unless someone invents a vaccine that makes it possible to survive without having to EAT.)
Big corporations (I'm not talking about SMALL businesses, here... I said 'BIG'), aren't paying their fair share & pulling their weight tax-wise. Compounding that is the fact that they currently are actually getting incentives for sending work offshore. Why else do you think the LARGEST MT companies are the ones that offshore? In addition to paying p1ss-ant wages to us peons, they're getting financial incentives to do so.
There are also too many loopholes in labor laws that the big co's have going for them. How else would it be possible to tell a U.S. MT that they cannot work overtime, yet that MT has to work 2-6 hrs. over OT per DAY, just to make the 'minimum' line count and keep her health insurance. All withOUT getting paid for said overtime.
With McCain in office, there is little hope that any of that will improve. The fact that Obama is from a younger generation, with newer ideas, at least gives me a glimmer of HOPE, and right now hope means a lot to me, and alot of other people in the US. Will he get some things wrong? Undoubtedly. No one has ever had a 'perfect Presidency'. But will he get some things RIGHT? Absolutely. He will base a lot of his military decisions on TODAY's world situation, not the one that existed in 1942, or 1969.
I don't agree with EVERYthing Obama says (but then again, I never agree with everything ANYone says.) But I think that for this particular time in our country's and the world's history, we stand a better chance of improving the way things are with some new blood in the White House, NOT the same-ol', same-ol'.
The Candidate's Health Insurance Plans
MCCAIN:
• McCain's health care plan will increase taxes on employer-based insurance, and kick 20 million people off the rolls.
• McCain's plan will throw you into the individual market, where the same plan your employer offered will cost $2,000 more, and you can be refused care because you were sick 10 years ago.
• McCain's plan will shift costs onto the sick.
OBAMA:
• Obama's plan will cover tens of millions of Americans and reform the insurance industry such that everyone gets a fair deal and no one can be discriminated against because they were once sick or unlucky.
• It will create a group market that businesses can buy their employees into so that a small business that paints homes doesn't have to run a tiny insurance company on the side and an entrepreneur can pursue his idea without having to learn about health coverage regulations.
• It will cover all children. And Christ almighty, isn't it time we did at least that?
His plans are anti-American -socialism.
nm
webmd.com has healthcare plans of both candidates
in a very informative fashion, front and center. take a look. i am also very concerned about o's idea for changing medical records technology....
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