Obama's tax cut for 95% of Americans
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Obama's tax cut for 95% of Americans
| Mon, 10-13-2008 - 11:24am |
I know it is endlessly brought up how Obama is going to cut taxes for 95% of working families.
| Mon, 10-13-2008 - 11:24am |
I know it is endlessly brought up how Obama is going to cut taxes for 95% of working families.
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BUT, I think most all states have STATE Taxes, and or county tax or Real Estate Tax
Florida has no state income tax, no direct county tax, but we do have tax on property.
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I kind of think of this method of returning everything that was put into the system as a gift to the states and local governments.
But a gift from whom?
Okay, that's a techinicality.
First let me say, Twins how special.
This part is interesting: As the Tax Policy Center points out, both plans are lousy for the federal debt: Obama's would raise the debt by $2.9 trillion, McCain's by $4.2 trillion.
We don't generally pay income tax as we get the EIC and CTC and by the time those are deducted our income is below the taxable amount. HOUWEVER I have to say I would happily pay taxes if I could get Healthcare out of the deal. :o/ That's just me tho.
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