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


Pages

iVillage Member
Registered: 06-23-2008
Sun, 07-20-2008 - 8:23pm
So another 10 % would
iVillage Member
Registered: 06-23-2008
Mon, 07-21-2008 - 9:54am
I guess my husband (and all other soldiers, police and fire fighters) should quite their jobs and start their own businesses. You can protect your freedoms,person and put any fires out on your own. I also educate your children too.
iVillage Member
Registered: 06-23-2008
Mon, 07-21-2008 - 9:56am
Yeah, that person in Iraq puts in hardly any hours.
iVillage Member
Registered: 06-23-2008
Mon, 07-21-2008 - 10:00am
Not the Lisa your thinking of. I was out of town for three weeks.
iVillage Member
Registered: 08-17-2005
Wed, 07-23-2008 - 4:14pm

According to that chart, people making $227K would be paying about $5k more in taxes under Obama's plan.

Susan

Lilypie 3rd Birthday Ticker

iVillage Member
Registered: 08-30-2004
Wed, 07-23-2008 - 4:21pm




MCCAIN
OBAMA

Income
Avg. tax bill
Avg. tax bill

Over $2.9M
-$269,364
+$701,885

$603K and up
-$45,361
+$115,974

$227K-$603K
-$7,871
+$12

$161K-$227K
-$4,380
-$2,789

$112K-$161K
-$2,614
-$2,204

$66K-$112K
-$1,009
-$1,290

$38K-$66K
-$319
-$1,042

$19K-$38K
-$113
-$892

Under $19K
-$19
-$567

Photobucket

iVillage Member
Registered: 12-09-2007
Wed, 07-23-2008 - 7:45pm

Corrected because I misread the chart.


I happen to be looking at a tax return with a taxable income of about 2.2 million and taxes paid/owed of approximately $751,000.

iVillage Member
Registered: 08-16-2005
Wed, 07-23-2008 - 7:58pm

It isn't as straightforward as a chart for the people not considered rich/poor.


iVillage Member
Registered: 08-17-2005
Thu, 07-24-2008 - 12:41pm

Sorry, I read that wrong.

Susan

Lilypie 3rd Birthday Ticker

Pages