What Obama means by tax the wealthy

iVillage Member
Registered: 03-19-2003
What Obama means by tax the wealthy
369
Sat, 06-28-2008 - 11:14am
What Obama means by tax the wealthy
Here's a closer look at how the Democratic candidate defines well-off for different households, and what his proposals will mean for them.

http://money.cnn.com/2008/06/27/news/economy/obama_wealthy_taxes/index.htm?postversion=2008062809


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iVillage Member
Registered: 05-29-2008
Mon, 06-30-2008 - 8:00pm

Don't worry, I'm not confused. I don't want EITHER plan.

MySweetPerm

iVillage Member
Registered: 05-29-2008
Mon, 06-30-2008 - 8:01pm

>>> but still, small business owners have SO MANY things they can write off, they very rarely end up paying their share of taxes anyways.

MySweetPerm

iVillage Member
Registered: 08-30-2004
Mon, 06-30-2008 - 8:13pm

What part of that makes you go "huh?"

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iVillage Member
Registered: 05-29-2008
Mon, 06-30-2008 - 8:18pm
Some certainly does not mean all. There are plenty of small businesses that pay out the wazoo.

MySweetPerm

iVillage Member
Registered: 08-10-2005
Mon, 06-30-2008 - 8:51pm
What kind of business does your DH and you run? My Dh's parents ran a Mom and Pop grocery store when they were young.
iVillage Member
Registered: 08-30-2004
Mon, 06-30-2008 - 9:24pm

Then they need to keep better records.

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iVillage Member
Registered: 03-25-2003
Mon, 06-30-2008 - 10:11pm
Actually your employer does pay taxes for you.

Patty.... 

 nana to:     Cait, Hannah

iVillage Member
Registered: 03-25-2003
Mon, 06-30-2008 - 10:13pm
Interesting you should say that; many would tell you that the American "middle class" is a disappearing thing.



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Patty.... 

 nana to:     Cait, Hannah

iVillage Member
Registered: 08-30-2004
Mon, 06-30-2008 - 10:18pm

Medicare, SS, and unemployment taxes, yes - the other taxes (federal, we don't pay state taxes), we pay ourselves.

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iVillage Member
Registered: 08-30-2004
Mon, 06-30-2008 - 10:20pm

That's because the middle class is getting poorer and poorer.

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