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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If you really are a rental property owner, you have plenty of deductions.
http://www.nolo.com/article.cfm/catId/8f8c3c1a-2347-419a-9c65b0b8c7762e3b/objectId/03E7A8D4-EB53-4711-97F91991D9A8468B/213/ART/
Since Mc Cain has not said he would lower taxes only that Obama would raise them how do they figure he is going to save the rich $125,000 per year?
Did they calculate how big the deficit would grow with so few rich to pay this 19,000 each year and so many others 95.5%??? getting a cut.
I've been doing it for over twenty years. I know all the deductions.
The thing is I used to be able to deduct losses. Now that I'm "rich" I no longer can. I can only roll them over from year to year until I'm poor enough to qualify again.
It's yet another tax benefit that is lost when you're declared to be rich. That's why I want to know what these tax benefits are you seem to think I'm missing out on. Because they don't exist. You've been mislead.
Facebook huh?
Facebook huh?
MONTANA MOM !
I didn't say anything earlier, but I've had it with your comparing Democrats (and military) to being mommy's girls or boys.
MONTANA MOM !
>>>I don't go to their states and try to change them!!!<<<
You may not, but other's do.
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