That is exactly what he said. He wants to raise taxes...
Posted By: sam on 2008-10-30
In Reply to: I could not possibly agree with you more - gourdpainter
on those making $250,000 or more so he can give a check to lower income folks...and a modest tax cut (while letting the Bush tax cuts expire) to the middle class. Have you looked at what we are going to lose if he lets those tax cuts expire? A whole lot more than his little tax cut will make up. He also needs the added taxation to try to help pay for all he wants to do...
The checks he is going to dole out are NOT for everyone. And they will even go to people who pay NO taxes.
THAT is rewarding laziness. That is NOT trying to help people better themselves. Would it not be better to get them a JOB than a one-time gimme check??
Complete Discussion Below: marks the location of current message within thread
The messages you are viewing
are archived/old. To view latest messages and participate in discussions, select
the boards given in left menu
Other related messages found in our database
He will raise taxes for us all.
No way to set up these government programs of his without taking money from all of us.
He HAS to raise taxes, no way around it
All those programs will not appear out of thin air. He will grow government bigger than ever...new departments, more employees for those departments, more of my tax money blown to heck and back. People actually believe ALL this can be done with TAX CUTS!! They are in total denial.
This man have voted REPEATEDLY to NOT NOT NOT cut taxes every darn time it has come up and has pushed for tax INCREASES. For those nonbelievers, all they gotta do is go look at his voting record. It's there for the scrutinizing.
Read his lips.....
He knows people are running scared and he can zoom in and steal their good sense with telling them he will cut taxes. BUT, as soon as he is in office, it won't happen and who will he blame then? Everybody but himself!!! He will not take any responsiblity for that either.
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.
YES HE DID VOTE TO RAISE YOUR TAXES
@
Problem is, the taxes Obama does raise
nm
Yeah, and now put Obama in there to raise taxes
nm
Bottom line....O will raise DH and my taxes, sorry, it's not for
those who are lazy. Try working hard for a change and not expecting the gov't to give you a handout for once. WAAAH, please pay for my healthcare, pay for my kid's college, help me out because I don't want to take responibility for myself, I would rather let the gov't do it all and then when it doesn;t work out, I can blame them too. When O wins I can't wait to see this board in a year with all the people complaining about the broken promises, higher taxes, etc. It will be worth the wait.
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.
Raise the cap for SS deductions.
.
because they did not raise him and shape him into what he is -
nm
Does this mean Sarah gets another raise?...LOL
*Unlike President George W. Bush, who threatened to veto the two bills when they came up in the last session of Congress, President-elect Barack Obama has embraced them.*
http://news.yahoo.com/s/ap/20090109/ap_on_go_co/pay_equity
I can't wait to see who all opposes this bill. I hope they plaster them all over the news.
The UN is not trying to tell anyone how to raise their kids.
in the idea of addressing global poverty. BTW, you need to do a little boning up yourself on the purpose of the United Nations, what it is, how it works and who benefits before expecting anybody anywhere to engage you in any serious debate on this subject. You have been spending way too much time hanging with the fringe. Trust me on this. There is life after fringe.
Obama has said repeatedly he will RAISE
xx
it doesn't take a union to get a pay raise
puhleez lighten up. I do not and will not support unions. At first unions were good. then they got too large and too powerful, corrupt and greedy, and unions were no longer a good thing. They stopped working for the people they were supposed to represent and started working for the benefit of the union itself. My father worked for a company where he had to be in the union. That union wanted more and more of the company (as they always did). Even though many, many of the employees voted against strike, some people did, and the union declared the strike and people walked off their jobs. My dad wanted to work; he was physically assaulted and our car destroyed when he tried to work. Don't call my father a "scab." He was a fine man raising three kids and wanting to work at his own job, which he loved and was proud of. Period. The strike lasted a long time, and the company finally closed its doors when the union would not concede to anything. All of the employees lost their jobs whether they were union supporters or not because of the actions of that union. Now that's why I don't like unions and never will. There used to be a large manufacturing sector here in the midwest. Unions destroyed much of it. They just keep demanding more and more, and many companies simply closed, thus placing 1000s on unemployment. And do you honestly think corruption in the union is okay as long as "he also benefitted American workers?" I never belonged to a union as an MT for 30'some years, and do you think I never got a raise? The hospitals and companies I worked for always paid well and we didn't need a union to do it for us. Actually, I think fear of unions was one of the reasons why. But let's not forget this, union membership is often mandatory so people who work for the organization are forced to be members whether they want to or not. That right there is just wrong. People outside of the union are denied the right to work in many areas. So don't tell me what to "b**ch about." The two items are no mutually inclusive. One can say that their pay has fallen behind and still not want a union involved. Have a little respect for opinions other than yours.
Congress gets a raise - must be nice!
Kudos to Harry Mitchell and the other 34 who at least tried.
From TheHill.com
12/17/08
A crumbling economy, more than 2 million constituents who have lost their jobs this year, and congressional demands of CEOs to work for free did not convince lawmakers to freeze their own pay.
Instead, they will get a $4,700 pay increase, amounting to an additional $2.5 million that taxpayers will spend on congressional salaries, and watchdog groups are not happy about it.
“As lawmakers make a big show of forcing auto executives to accept just $1 a year in salary, they are quietly raiding the vault for their own personal gain,” said Daniel O’Connell, chairman of The Senior Citizens League (TSCL), a non-partisan group. “This money would be much better spent helping the millions of seniors who are living below the poverty line and struggling to keep their heat on this winter.”
However, at 2.8 percent, the automatic raise that lawmakers receive is only half as large as the 2009 cost of living adjustment of Social Security recipients.
Still, Steve Ellis, vice president of the budget watchdog Taxpayers for Common Sense, said Congress should have taken the rare step of freezing its pay, as lawmakers did in 2000.
“Look at the way the economy is and how most people aren’t counting on a holiday bonus or a pay raise — they’re just happy to have gainful employment,” said Ellis. “But you have the lawmakers who are set up and ready to get their next installment of a pay raise and go happily along their way.”
Member raises are often characterized as examples of wasteful spending, especially when many constituents and businesses in members’ districts are in financial despair.
Rep. Harry Mitchell, a first-term Democrat from Arizona, sponsored legislation earlier this year that would have prevented the automatic pay adjustments from kicking in for members next year. But the bill, which attracted 34 cosponsors, failed to make it out of committee.
“They don’t even go through the front door. They have it set up so that it’s wired so that you actually have to undo the pay raise rather than vote for a pay raise,” Ellis said.
Freezing congressional salaries is hardly a new idea on Capitol Hill.
Lawmakers have floated similar proposals in every year dating back to 1995, and long before that. Though the concept of forgoing a raise has attracted some support from more senior members, it is most popular with freshman lawmakers, who are often most vulnerable.
In 2006, after the Republican-led Senate rejected an increase to the minimum wage, Democrats, who had just come to power in the House with a slew of freshmen, vowed to block their own pay raise until the wage increase was passed. The minimum wage was eventually increased and lawmakers received their automatic pay hike.
In the beginning days of 1789, Congress was paid only $6 a day, which would be about $75 daily by modern standards. But by 1965 members were receiving $30,000 a year, which is the modern equivalent of about $195,000.
Currently the average lawmaker makes $169,300 a year, with leadership making slightly more. House Speaker Nancy Pelosi (D-Calif.) makes $217,400, while the minority and majority leaders in the House and Senate make $188,100.
Ellis said that while freezing the pay increase would be a step in the right direction, it would be better to have it set up so that members would have to take action, and vote, for a pay raise and deal with the consequences, rather than get one automatically.
“It is probably never going to be politically popular to raise Congress’s salary,” he said. “I don’t think you’re going to find taxpayers saying, ‘Yeah I think I should pay my congressman more’.”
Why do you think that Hillary and McCain did not raise the B/C issue?
Do you think maybe it is because there was no merit to it and everyone knew it? The people who were most directly affected by it are not saying anything about it - the other presidential candidates...
So, honest opinion, why are they not whooping and hollering?![](http://forum.mtstars.com/smileys/wartoma.gif)
She cannot possibly raise that child and utilize her master's, though,
Certainly you'd never encourage your daughter to spend time working on a MASTER'S while trying to also raise a child!! You've just bashed another mother for doing something similar, so I don't get it. Or is okay if you only have ONE child or what? Please fill me in on the double standard you uphold.
Roland Burris aknowledes trying to raise money for Blago
He claimed there was nothing going on but he just dropped the bombshell as O was speaking stating he can recall 6 different contacts and is now under investigation.
Guess he's gonna be gone. He may have committed perjury.
I'll double that 'amen', and I'll raise you one!
amen
You won't pay more taxes
The fact of the matter is McCain's tax proposals are the same as Bushes - he wants to make the tax cuts for the rich PERMANENT. Therefore, the burden of taxes falls on the backs of the middle class. Yes, I worked for Children Services - by taking in foster children and adopting hard to place children the parents receive quite a few entitlements - that is true. (I'd rather work - I saw how hard it was to raise "damaged" children). I had a weekend foster child, as a single mother, with my own 2 children and custody of my neice and never applied for food stamps, medical care, etc. My husband took off and dodged state-to-state to avoid paying childsupport. How we managed, I guess it was just easier then. Obama's tax plan does not include YOU at your tax bracket - you will benefit from his plan - are you benefitting from Bush's? I know we aren't. I'm not asking for pity. 1 out of 3 people will get cancer. I paid for my disabiity insurance and I am still fighting for my benefits (they play games and lie to delay payments), so I will scrap aluminum and do whatever I have to in order to keep food on the table. I'm not lazy. I worked hard raising my children by myself, bought my own home and did not remarry until my kids were adults. I had to write to state representatives in order to get my insurance disability to MOVE. I have written my state representatives before when my ex-husband was dodging child support. I learned to lean Democrat while working at Children Services and also by all the things I learned in college. Those dem state reps helped me and even called me at work to ensure the Bureau of Support was doing their jobs. How can I argue with that? Please read the issues on both candidates and don't believe everything you hear on the news and read on this board. McCain's attack ads are lies and that's sad as we considered him when he ran against Bush. Now he is just another Bushie.
Taxes
mCcain gives back rich. Obama to give back to middle class. Simple as that. I have never attended any institute of higher lurnin so that makes me sure I am right. Too much knowledge a dangeris thingie.
More about taxes...
My personal taxes (single renter w/no dependents) WERE higher under Clinton, but there was only ONE reason for that: I was making a LOT MORE MONEY BACK THEN.
That's when my MT paycheck was at it's highest ever, about$40K per year. Since then, my income has gone down (thanks in large part to nobody in Bush's term in office doing diddly to stop the hemorrhage of our jobs out of the US & off to India, Pakistan, Philippines, etc.
And to make things worse, these same companies selling our livelihood down the river were getting REWARDED monetarily for doing so.
So now, I make half of what I made during the Clinton years. (About $20K/year, for doing about twice the work.) Retirement is now almost a virtual impossibility, thanks to the tanking of our stock-market-driven 401K not only after 9/11, but today as well.
I just hope, if we end up with 4-8 more years of this greed on Capital Hill, and throughout our nation's corporate world, that everyone gets used to paying for those who will have nothing. If I lose my job and/or health insurance, then I, too, will be contributing to the money-pit that hospital emergency rooms have become (and which is why they're closing one by one), because that's where I, too, will have to go for my medical care.
Taxes
McCain will raise taxes too. How else is he going to fund his wars? Not to mention Bushes bail out of his cronie Wall Streeters, never mind that those execs collected millions in bonuses before they ran the companies into the ground. We taxpayers are left to pick up the tab. If Obama sticks to his guns he won't raise taxes on MOST of us, certainly not me, as I don't come close to an income over $250,000 per year...wish I did, I'd be happy to fork over a few extra tax dollars.
taxes are taxes
you don;t get to chose where your money goes. Only United Way does that.
that would still be taxes... nm
x
Even more taxes for us
So Obama plans to let the Bush tax cuts expire. That equates to more $ from our pockets, just in a different form. If that's not bad enough, see below--and Snopes is leftist, so they wouldn't publish this unless it were true. They probably cringed as they posted it. Y'all must be making some huge bucks at MQ to want even more $ taken out of your checks. If so, then why all the griping about lost wages? Can't have it both ways!
Date: Monday, October 6, 2008, 12:00 PM
We could resolve this financial crisis by CLOSING the books on the fourteen listed programs..............WHERE IS THE CONGRESS???
Read this! It will open your eyes for sure!
Don't miss the Total at the bottom.
WONDER WHY YOU DON'T HEAR MUCH ABOUT THIS IN THE DEBATES. NONE OF THE PEOPLE THAT RUN THE DEBATES (TV NEWORKS), WHO ASK THE QUESTIONS WILL ALLOW THIS TYPE INFORMATION
TO GET OUT TO THE PUBLIC.
THE DEMOCRATS AND THE REPUBLICANS GO HIDE WHEN THESE QUESTIONS ARE ASKED, WHY? WHAT COSTS MORE PER YEAR THAN THE IRAQ WAR?
Answer: Illegal Aliens Cause Massive Cuts For US Seniors. I hope the fo llowing 14 reasons
are forwarded over and over again until they are read so many times that the reader gets sick
of reading them. I have included the URL's for verification of the following facts:
1. $11 Billion to $22 billion is spent on welfare to illegal aliens each year. http://tinyurl.com/zob77
2. $2.2 Billion dollars a year is spent on food assistance programs such as food stamps, WIC, and
4. $12 Billion dollars a year is spent on primary and secondary school education for children here illegally
5. $17 Billion dollars a year is spent for education for the American-born children of illegal aliens, known as
10. The illegal aliens in the United States have a crime rate that's two-and-a-half times that of white non-illegal
11. During the year of 2005 there were 4 to 10 MILLION illegal aliens that crossed our Southern Border also,
as many as 19,500 illegal aliens from Terrorist Countries. Millions of pounds of drugs, cocaine, meth, heroin
12. The National Policy Institute, 'estimated that the total cost of mass deportation would be between
14. 'The Dark Side of Illegal Immigration: Nearly One Million Sex Crimes Committed by Illegal Immigrants
In The United States'. http://www.drdsk.com/articleshtml
Total cost is a whooping... $338.3 BILLION A YEAR!!!
If this doesn't bother you then just delete the message, but on the other hand, if it does raise the hair on
SEND THIS TO ALL YOU KNOW. THE ENTIRE POPULATION OF THE UNITED STATES NEEDS TO
KNOW THIS INFORMATION, UNLESS THEY DON'T MIND SHARING THEIR SOCIAL SECURITY WITH
ILLEGAL ALIENS WHO DIDN'T PAY A DIME.
LET US SHOW OUR LEADERS IN WASHINGTON 'PEOPLE POWER' AND THE POWER OF THE INTERNET.
IT DOESN'T MATTER IF YOU ARE REPUBLICAN, DEMOCRAT OR INDEPENDENT! KEEP IT GOING.
Taxes
Would I have a yearly capital gain of $250.000.--, I would GLADLY pay more taxes, actually only 3 percent more.
40% of that 95% DON'T pay taxes...
where is all the money coming from to pay for all of his programs?
Everyone has to pay taxes, sorry
That's the way it works in our society. It's been backwards for years with the rich getting all the breaks. If you make a lot, you pay more. What is wrong with that?
I doubt that YOU have to worry about it mtstar.
No, we don't need more taxes
but we're gonna get 'em anyway regardless of which one is elected. How else is that 700 bil bail-out gonna get paid back?
I pay taxes
and I need a break. I know plenty of others are in the same boat also. It's not like only rich people pay taxes. Come on now.
Many of those wealthy people have gotten there by taking advantage of lowly workers who can barely pay fundamental bills. How many times are people on this board bi+c#ing about working harder for less and our jobs going to other countries!
Have you tried to get a new job lately? Multiple rounds of testing and endless interviews to the point where you'd think you were trying to get a CEO position ... when in reality it pays barely over minium wage. pRIcEleSs!
Not all of us poor people aren't working hard or are blowing money on extravagance!
Taxes
Well, then, maybe you'll appreciate the tax break you will see under his administration.
Sin taxes.........sm
I understand the brewers' outrage, but "fair is fair." Smokers have been taxed out the wazoo on cigarettes and they are about to go up another $0.61 per pack as a means of paying for Medicaid. Personally, I don't think it is fair to tax any particular class of person based on their habits to fund government spending. What's next? A tax increase on knitting needles or perhaps scrapbook materials?
Regardless of where the taxes
come from (state or federal) they will still rise because of the cap and trade Obama wants to institute. IMO, still his fault because he said himself during his campaign that this would make energy costs skyrocket. He knows instituting cap and trade will raise costs for all consumers. Why do some people continually give Obama an excuse for everything. Nothing will ever be his fault. He is so perfect and wonderful and who cares if he does something that will end up raising prices on utilities, gas, groceries, etc. Not like are economy is suffering or anything or that people are barely getting by. But hey.....Obama is such a great guy...gosh darn it.
So maybe if we don't pay our taxes, the gov't. in
If so, count me in! This year the gov't. is probably only going to get a note from me saying to bill it to AIG. They can afford to pay my share.
Taxes......
Obama’s plan would raise fuel prices by 6% and power prices by 7% on average in 2012...
you think that ain't a tax? This is on the average U.S. citizen of which I assume you are one of? You don't mind paying more for your power so you can continue to work making less and less?
And that is just the beginning....
Taxes, foreclosures, the Dow...sm
Home sales and foreclosures are up!
I hope dems do raise taxes on the rich, the million dollar and up club. I am a supporter of the flat tax. 10% (or whatever number that makes sense) across the board. Even Bill Gates other mega millionares have said themselves that the tax breaks they have received of late are unneeded.
The Dow Industrial. Now, this to me is a joke! When you have a sister and friends lose their job due to factory downsizing. Two more factories completely move overseas for lower overhead costs leaving 500+ people with no jobs. Of course the companies' stock is doing good, but now I'll ask you what does that mean to regular Joes?
Unemployment. We are doing good on that. Most everyone who wants a job is able to find work in my city. May not pay much of anything, but there is work nonetheless.
taxes, foreclosures, the Dow...
The Dems will not raise taxes on the rich. In case you had not noticed, most of the Dems in Congress ARE the rich. I am also a proponet of the flat tax; however, the Dems will never pass that either because the very low income folks will squeal (stating 10% of 10,000 hits them much harder than 10% of several million for millionaires) and it is the very low income folks who keep voting the Dems in. although those same who will complain about 10% of $10,000 also get so muuch in aid they end up better off than most hard working middle class families because of entitlements, also a Dem product, that the Dems tax the rest of us (you included) to provide for these folks so they will continue to vote for the Dems. Pretty good for Dems when it works. Trouble is, it benefits the rich club Dems and pretty much shafts the rest of the Dems, and why they can't see that is a source of wonder for me. The Dems act like rich people are the only people that got tax cuts. I don't know about you, but I brought home more on my paycheck after the Bush tax cuts. I know that the marriage penalty removal helped a LOT of people. But the Dems want to roll that back, because that was a moneymaker for them to put out in more entitlements. You should really look into what is going on before deciding that more taxes are a good thing, because trust me, it will NOT be just on the millionaire club.
As to the Dow, you better hope it stays up. Because the Dow are all the companies all over this great nation who employ many of us. Factory downsizing was slowed way down by those horrid Bush tax cuts. Factory downsizing has happened since the beginning of time and will always happen. If the Dems roll back the Bush tax cuts, stand back. You can look forward to a lot more.
Yes, unemployment is at record lows. If Dems roll back the Bush tax cuts, look out. Because medium business, mom and pop businesses, small folks who employ a LOT of people in this country will have to cut back again. Look for it to rise if tax cuts rolled back.
Stealing taxes
Actually, I had the same thing happen. I know you're mad. So am I. But you absolutely must remember the core truth -- the reason you had a tax bill that was more than your fair share and more than you could come up with by April 15th in the FIRST place was because democrats are leaning on you to fund the vote-buying giveaways with YOUR labor, YOUR income which they believe to be theirs. You are supposed to thank democrats for what they LEAVE you with, not grumble that they enforce their sick idea of social justice and obligation on people who actually get up in the morning and go work. I did the math. I had some of their constituency who are sucking on the government teat live with me for a homeless few months. I will never do that again. We are rapidly approaching a point in this country where half the country is living free off the other half. This economy will collapse when more than half live off less than half. Meaning me. And you. Remember, that you will never qualify for any government benefits under democrats because you work. You will however, qualify for their giveaway program, just not as a givee. At least the Republican plan is to share the burden of common needs (roads, defense) and let people who work hard keep as much as possible. Don't get me wrong. I am no lover of that RINO capitulator our party is running. He's made good press and put forth his false front of courage and honor, but every time he has had a chance to take a stand since he got into politics, he has compromised with the socialists. Please don't forget -- Socialism has failed everywhere it's been tried and it always will. Nonconfiscatory capitalism works. Unfortunately, we don't have that in America anymore. But we do have socialism. All socialist economies eventually collapse to third world status unless they are coupled with a political system of tyrrany and fascism. Please don't vote for the communists.
PP comes out of our taxes. NOT a private org.
Why do you think so many taxpayers are sick of it? When does the "tax us til it bleeds stop?"
Go to www.barackobama.com/taxes/
A lot more information on his website....just look.
Go to www.barackobama.com/taxes/
This will answer your questions. Actually small-business owners will be given a tax credit. It's all on the website.
I TRIED ignoring them, but my taxes won't go away!
So you're saying more dem taxes will help
xx
You need to get some education in taxes
Get off that poor people pity pot. I'm so sick of it. We know poor people when we see them and that AIN'T what Obama is talking about. He wants to give to anyone and everything that sits on their butts and takes from me already. And for those half of all Americans who pay NO taxes, he wants to give them free money, even though they pay nothing into the system.
Yea, right! Boy is that fair!
We all know where this money is going and I couldn't care less if you want to harp on things that do not represent him. He is not looking out for anyone but the ones he considers "oppressed". if there is any oppression going on in this country, it is coming directly from Obama, but those he stirs the pot trying to brew up all the racial undertones he continuously spews, he knows exactly what he's doing.
I pay out my butt for those so-called poor and believe me, after all the freebies they have more than my family has. They don't worry about healthcare, food, clothes, shelter....but we do.
The "poor" as you put it sit on their butts with their 10 children all week and then drag their feet down to the ER on Friday and Saturday nights to sit and get their free medical care for their chidren, because all of them now have a sniffle. Medicaid will pay for anything, including laziness.
THere is no hatred in her heart, just fed up. We have poor people in my family and we look out for each other; they have never taken a handout. We know the truly poor when we see them and the ones getting ALL THE WINDFALL money from ME....well, honey, they ain't poor.
Leaches maybe and "illegals" maybe, but the ones in my community ain't poor. They have NEW free homes and they are a h@ll of a lot better off than the really poor.
And lets not fool ourselves as to what ACORN is really all about. They have bought black votes with alcohol, tobacco, and God only knows what else. The people they drag up by the busloads to participate in absentee ballots, well, we all know those folks don't have a clue what is going on in this world and to be honest, they don't care.
Now, if ACORN tells them hey, look, you can get a black man in the Presidency, boy oh boy, and we'll give you stuff for that vote, well, what do you think those "poor" folks you are so concerned about are going to do.
ACORN is all about the "black" vote and lets not pretend otherwise. Please give some people credit for having a real brain with real common sense.
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
Ken dra, your taxes went up in just 1 week??
Honest to goodness, in a democratic controlled state. When did the democrats come back in. You make absolutely no sense with the reasoning. Your dear repubs just sent you and your home down the drain, if anything. Why, why do you continue to bash the democrats when they have been out of office for 8 YEARS!!! It seems to me like you really just bit off more than you can chew and now you are having to pay for it. I had 3 homes, 2 rentals and my own personal, paid taxes on all 3 and honey, I had no money problems with them. Next time do your math and maybe you wont get caught in a situation you have made for yourself to start with.
With all the not paying of taxes going on...
I think maybe an audit of all politicians should be undertaken? LOL! Sheesh....then again....I'd hate to see actually how many of them are screwing us even more by not paying taxes. Yeeks!!!
BECAUSE THEY DON'T PAY TAXES for starters...
You don't want govt sticking it's nose in your churches' business but you'd stick your hand out for funding?
Oh, so he's raising taxes?
it won't be Obama, it will be your state and local govt with extra fees on your cell phones, internet, cable, gas, etc.........get it? State and local - not federal
Maybe if they ALL paid their taxes....
instead of hiding money in their freezers, offshore accounts and various tax shelters.......THEY ARE ALL GUILTY IN ONE WAY OR ANOTHER.
|