Taxes
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Taxes
| Sat, 09-06-2008 - 1:17pm |
Found this summary on the Obama Facebook page but I checked out the website and the summary is accurate according to the nonpartisan Tax policy Center.
The nonpartisan Tax Policy Center found that Mr. Obama's plan would amount to a tax cut for 81 percent of all households, or 95.5 percent of those with children. The center calculated that by 2012 the Obama plan would let middle-income taxpayers keep about 5 percent more income on average, or nearly $2,200 a year, while Mr. McCain would give them an average 3 percent break, or about $1,400. The richest 1 percent would pay an average $19,000 more in taxes each year under Mr. Obama's plan but see a tax cut of more than $125,000 under Mr. McCain.






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Unfortunately, I have seen this much self-centeredness, though this election cycle is really bringing them out in droves.
They'll never be happy until they can live in a compound and become their own country.
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Yes, I believe people
I don't mind investing my money in public resources for the use of the public but I do mind giving my tax dollar to private companies for them to profit and socialize their losses.
>>Are you providing a job for someone?<<
Actually for quite a few people.
>>How many of the jobs available are paying less than 10.00 an hour?<<
Mine? Or are you talking nationwide?
Businesses move overseas because of high tax rates. We have one of the highest corporate tax rates in the entire world. It has nothing to do with greed and everything to do with survival. No taxes are paid and no jobs are provided when a company is put out of business.
I don't think you're grasping the immense cost that is involved when you run a business. Between the regulatory/compliance costs, the insurance costs and the taxes it is a wonder the failure rates aren't even higher than they already are.
<Then why, oh why, did Bush give tax cuts during a time of high government spending (war in Iraq).
Interesting,
so, what does constitute "what really should be their share"
The percentage of their income that they pay is already significantly higher, and the top 10% pay more than 50% of the taxes.
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