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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Complain about people who labor or work in the service sector and call them lazy?
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%...
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.
mom, you really need to bone up on the tax code.
Once you reach the top brackets, all itemized deductions are phased out.
<He cut the top rate from 90% to 70% and for "earned income" (i.e., salaries) to 50%.
>>>>>So, you think that anyone who needs aid or help is just a lazy worthless piece of crap?
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Great points!
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