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: 06-09-2008
In reply to: loliac
Mon, 09-08-2008 - 8:00am

Turn it around, since I'm successful I deserve to keep MORE of my money.

iVillage Member
Registered: 09-08-2006
In reply to: loliac
Mon, 09-08-2008 - 9:26am

<<

 

iVillage Member
Registered: 09-08-2006
In reply to: loliac
Mon, 09-08-2008 - 9:48am

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iVillage Member
Registered: 04-09-2007
In reply to: loliac
Mon, 09-08-2008 - 10:28am

Sorry, but the real difference as far as financial rewards doesn't start until the $600,000 mark under McCain's plan.  Not because it places any higher value on you but because those making in those ranges are suppose to create jobs and trickle good things on the rest of us economically or so the theory goes.

AKA the "Paris Hilton will save us" theory of economics.

iVillage Member
Registered: 01-21-2005
In reply to: loliac
Mon, 09-08-2008 - 1:21pm


The Reagan era deficits were due to increased military spending more than anything else because we were fighting the Cold War.

iVillage Member
Registered: 09-08-2006
In reply to: loliac
Mon, 09-08-2008 - 3:07pm

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iVillage Member
Registered: 05-14-2008
In reply to: loliac
Mon, 09-08-2008 - 3:52pm

You only pay that 28% on the amount between 64K and 97K. He's not paying 28% on his entire taxable income.

He marginal rate is less than 28%.

iVillage Member
Registered: 04-09-2007
In reply to: loliac
Mon, 09-08-2008 - 4:29pm

I disagree about European's being a "welfare state".

iVillage Member
Registered: 09-08-2006
In reply to: loliac
Mon, 09-08-2008 - 5:08pm
Excellent post and some great things to think about especially for mom's on a politic board.

 

iVillage Member
Registered: 07-05-2006
In reply to: loliac
Mon, 09-08-2008 - 5:12pm

Very well said.

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