Taxes

iVillage Member
Registered: 11-03-2004
Taxes
241
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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iVillage Member
Registered: 09-08-2006
In reply to: loliac
Wed, 09-10-2008 - 11:07am

<>


Complain about people who labor or work in the service sector and call them lazy?

 

iVillage Member
Registered: 08-25-2008
In reply to: loliac
Wed, 09-10-2008 - 11:33am

Actually, Kennedy cut the taxes for the people at the top...


He cut the top rate from 90% to 70% and for "earned income" (i.e., salaries) to 50%.


In effect, he reduced the taxes on the wealthy by 20 - 50%...

iVillage Member
Registered: 08-25-2008
In reply to: loliac
Wed, 09-10-2008 - 11:38am

The problem is that social security has been managed on an unsound actuarial basis for decades.


The notion was that it would be a self-funding vehicle.

iVillage Member
Registered: 08-25-2008
In reply to: loliac
Wed, 09-10-2008 - 11:47am

mom, you really need to bone up on the tax code.


Once you reach the top brackets, all itemized deductions are phased out.

iVillage Member
Registered: 09-08-2006
In reply to: loliac
Wed, 09-10-2008 - 12:29pm


<He cut the top rate from 90% to 70% and for "earned income" (i.e., salaries) to 50%.

 

iVillage Member
Registered: 04-09-2007
In reply to: loliac
Wed, 09-10-2008 - 12:41pm

>>>>>So, you think that anyone who needs aid or help is just a lazy worthless piece of crap?

iVillage Member
Registered: 09-08-2006
In reply to: loliac
Wed, 09-10-2008 - 12:42pm

<

 

iVillage Member
Registered: 07-05-2006
In reply to: loliac
Wed, 09-10-2008 - 12:48pm

Great points!

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iVillage Member
Registered: 09-08-2006
In reply to: loliac
Wed, 09-10-2008 - 1:09pm

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iVillage Member
Registered: 09-08-2006
In reply to: loliac
Wed, 09-10-2008 - 1:18pm
Darn, if prescription drug addict was next to meth addict, Cindy would not have qualified under "worthy" category.

 

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