Cool Website Calculates Tax Benefits

iVillage Member
Registered: 03-25-2007
Cool Website Calculates Tax Benefits
171
Wed, 09-17-2008 - 2:55pm

Here is a cool website where you can enter your family filing status and AGI and see whether/how your family will benefit tax-wise from the candidates' proposed tax plans:


 


http://home.comcast.net/~adiabat/VoterEducationTools/Obama_vs_McCain_on_Taxes.htm


I will do better under Obama.

Sopal


Sopal

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iVillage Member
Registered: 06-09-2008
Wed, 09-17-2008 - 7:31pm

"The point is Warren and many others like him pay lower tax rates on their income because of the way they earn that income."


Exactly.....did you see my other post ?


My goal is to HELP people understand why they should try to escape the wage class & become a part of the equity (asset ownership) class


I want to see you along with others do better

iVillage Member
Registered: 09-08-2008
Wed, 09-17-2008 - 7:56pm

You can look at all of Obama's economic ideas all the economists said we will be in the toliet with the economy he is a tax and spend politician!



iVillage Member
Registered: 06-09-2008
Wed, 09-17-2008 - 7:57pm

Why should someone making only 35,000 have to pay 20% of their income to taxes, and someone making 350,000 only pay 20%. The person making 350,000 has plenty of spendable income, but the person making 35,000 and paying 20% in taxes, probably should even think about buying products the person making 350,000 makes. How about that?


By definition, the $350k income earner is taxed at the 33% rate


At the 20% rate, If you're making $50K a year, you're gonna pay $10,000 in taxes.

iVillage Member
Registered: 07-03-2008
Wed, 09-17-2008 - 8:02pm
The difference is having 28,000 as opposed to having 280,000. Greed wins all the time. So, hopefully, the business making 280,000 profit, the people left with 28,000 won't be stupid enough to buy their product, if it's something they can do without.
iVillage Member
Registered: 09-08-2008
Wed, 09-17-2008 - 8:03pm

((That is called socialism...not welcome in this country.))

It's more welcome than smash and grab stealing the way the CEO/CFO's have done on wallstreet. lol. And price gouging from the oil companies. Not welcome in this country either.

iVillage Member
Registered: 09-03-2008
Wed, 09-17-2008 - 8:04pm

I do better under McCain...I actually get a bigger cut.


However, this website doesn't take into account all the money that our government is now lending (giving) to all these investment banks going broke.

iVillage Member
Registered: 07-03-2008
Wed, 09-17-2008 - 8:05pm
If that's the case then good, you think of your employees. A lot only think of their top level employees though, and give them big bonuses.
iVillage Member
Registered: 03-25-2007
Wed, 09-17-2008 - 8:13pm


I think you are correct.

Sopal


Sopal

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iVillage Member
Registered: 06-09-2008
Wed, 09-17-2008 - 8:13pm

No, all the economists DO NOT

iVillage Member
Registered: 09-15-2008
Wed, 09-17-2008 - 8:13pm

"Here is a PDF of the instructions for form 1040.

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