yeah right, dont let the liberals populist mantra fool you. They will jack your taxes up just like the rich...I suppose they figure a single person making 30,000 is rich and deserves a tax hike too.

Proposed changes in taxes after 2008 General election:

CAPITAL GAINS TAX
MCCAIN
15% (no change)
OBAMA
28%
CLINTON
24%

DIVIDEND TAX
MCCAIN
15% (no change)
OBAMA
39.6%
CLINTON
39.6%

INCOME TAX
MCCAIN
(no changes)
Single making 30K - tax $4,500
Single making 50K - tax $12,500
Single making 75K - tax $18,750
Married making 60K- tax $9,000
Married making 75K - tax $18,750
Married making 125K - tax $31,250

OBAMA
(reversion to pre-Bush tax cuts)
Single making 30K - tax $8,400
Single making 50K - tax $14,000
Single making 75K - tax $23,250
Married making 60K - tax $16,800
Married making 75K - tax $21,000
Married making 125K - tax $38,750

CLINTON
(reversion to pre-Bush tax cuts)
Single making 30K - tax $8,400
Single making 50K - tax $14,000
Single making 75K - tax $23,250
Married making 60K - tax $16,800
Married making 75K - tax $21,000
Married making 125K - tax $38,750

INHERITANCE TAX (a tax of about 55% of money already taxed at least once in the past)
MCCAIN: 0% (No change, Bush repealed this tax)
OBAMA: keep the inheritance tax
CLINTON: keep the inheritance tax

NEW TAXES BEING PROPOSED BY BOTH CLINTON AND OBAMA

* New government taxes proposed on homes that are more than 2400 square feet
* New gasoline taxes (as if gas weren't high enough already)
* New taxes on natural resources consumption (heating gas, water, electricity)
* New taxes on retirement accounts
and last but not least....
* New taxes to pay for socialized medicine

3/9/2008 3:57:20 PM

The Single making 30K and the Married making 60K are surprising to me given that they're the most vulnerable to tax increases (a $3,900 increase would easily break their financial backs). One would have thought that they would have further shifted those expenses off to the highest brackets. Then again, I wonder if they have other benefits that they may be granted. I'd like to see the sources of this data.

3/9/2008 4:07:07 PM

We are in the middle of a costly, unjust war and the only thing you can think about is your taxes?

3/9/2008 6:22:51 PM

Dude that fucking tax scheme would absolutely ruin a lot of people I know right now.

That married making 60k tax is a fucking RIDICULOUS increase.

You think the number of defaults on mortgages is bad right now, just wait until taxes like that get put into place. That could send a bunch of people back to living in apartments.

I'm not a big fan of deficit spending, and I'd like to see changes in spending and taxation such that spending goes down a good bit and taxation goes up a little bit (mostly through elimination of unfair loopholes that still exist that allow certain people to avoid paying a lot on their taxes).

3/9/2008 8:02:43 PM

Quote :

"We are in the middle of a costly, unjust war and the only thing you can think about is your taxes?"

fuck yes. That's the one thing that directly affects me. I don't want to pay for that fucking war. I want my fucking money that i bust my ass working to earn every goddamn week. I don't do it so that the government can blow up brown people. so fuck hillary/obama for taking my money at gunpoint.

3/9/2008 8:42:43 PM

Link?

Math?

Candidates websites? IRS info?

3/9/2008 8:53:17 PM

^^ Agreed.

In fact, that sums up why I was so furiously against it from the beginning. But hey, whatever. I'm a peacenik pinko.

[Edited on March 9, 2008 at 9:29 PM. Reason : ...]

3/9/2008 9:16:38 PM

why cant there be someone that meets like halfway between what we currently have and what clinton/obama want?

[Edited on March 9, 2008 at 9:27 PM. Reason : and is there a link to where you got all this?]

[Edited on March 9, 2008 at 9:31 PM. Reason : what ^^ said]

3/9/2008 9:25:38 PM

"is there a link to all this"

Do you guys even know what the internet is?

3/9/2008 9:41:17 PM

http://forums.livingstondaily.com/viewtopic.php?p=88018

Quote :

"Someone in 1999 who made $30000 and paid $8400 in taxes was left with $21600 in 1999 buying power. Using the CPI calculator this is worth $26882 in 2007 buying power (slightly more in 2008 I would assume). Now, someone making $30000 in 2008 and paying $4500 in taxes is left with $25500 in 2008 buying power. Therefore, they have less buying power under Bush's taxes than they did under Clinton's and we have the deficits as well. "

3/9/2008 10:00:19 PM

"I'm in ur details

messin up ur purchases"

3/9/2008 10:28:15 PM

^^ That has to be the worst math I've ever seen.

You're comparing 1999 money, then scaling up, to get the figure under clinton.
ANd then taking 2008 money at the same numerical value as the 1999, NOT scaling up, to get the figure under bush.

That makes no SENSE, they're NOT equal comparisons.

That said, If this is true, my vote just changed. I had no idea Obama was purporting all of those raises (some I knew about and could stomach for other reasons).

[Edited on March 9, 2008 at 10:35 PM. Reason : .]

3/9/2008 10:34:05 PM

That and the fact that the dollar is weaker.

3/9/2008 10:35:20 PM

Quote :

"I had no idea Obama was purporting all of those raises (some I knew about and could stomach for other reasons)."

Universal/Cheaper-Healthcare-for-all doesn't come free....

3/9/2008 10:36:37 PM

charliesefh a few down got it for me

[Edited on March 9, 2008 at 10:54 PM. Reason : .]

3/9/2008 10:36:47 PM

link or it's unsubstantiated bullshit.

3/9/2008 10:38:04 PM

$30K in 2008 = $23,700 in 1999

$30K in 1999 = $38K in 2008

[Edited on March 9, 2008 at 10:48 PM. Reason : asdfghjkl;]

3/9/2008 10:46:09 PM

we're funding an occupation that costs $12 Billion per Month, in Iraq alone.

why did Bush think it was wise to give tax refunds to the wealthy in the first place?

oh right. because we were going to be greeted with flowers. stay the course. adapt to win. fight 'em there so we don't fight them here. in it to win it. bring it on. mission accomplished.

at any rate only a commie pinko terror lovin faggot would dare to suggest that we stop giving those extra tax refunds.





[Edited on March 9, 2008 at 11:12 PM. Reason : ]

3/9/2008 11:12:00 PM

It's great to know that I was making more real money when I didn't have a degree than I am now. Thank you Bush for the tax cuts.

3/9/2008 11:12:18 PM

Quote :

"Link?"

3/9/2008 11:21:42 PM

^^^ you bring up quite a weighty irony

rather than fight it out in Iraq

Social Security could be solvent throughout my retirement years

AND WHO KNEW?

THEY DIDN'T EVEN HAVE TO RAISE TAXES!!!1

[Edited on March 9, 2008 at 11:48 PM. Reason : #s]

3/9/2008 11:36:31 PM

i just want to get that us embassy up and running and get the fuck out of there

3/9/2008 11:43:14 PM

I suppose this is related (middle class/home foreclosure?):



[Edited on March 9, 2008 at 11:49 PM. Reason : stretch]

3/9/2008 11:47:09 PM

^ The problem with that is though is that without the war, we'd STILL have a massively growing debt, and no one would have deficit-spent to pay for healthcare, social security, or to string money between here and the moon 600 times over.

The only good it does to point out the cost of the war is to show that republicans really aren't for fiscal responsibility in any meaningful way over the democrats.

3/10/2008 1:42:23 AM

^ Agreed. We were already heading toward fiscal cliff to begin with. Dubya and Company simply slammed the accelerator and reduced the time and resources we have to fix the mess.

3/10/2008 9:49:49 AM

If these figures are true, and the Dems win... I think I'm going to deny my raise this year. Sadly, it would save me more money.

3/10/2008 9:59:24 AM

I wonder who made this bullshit up

3/10/2008 10:02:53 AM

Quote :

"We are in the middle of a costly, unjust war and the only thing you can think about is your taxes?"

fuck yes. That's the one thing that directly affects me. I don't want to pay for that fucking war. I want my fucking money that i bust my ass working to earn every goddamn week. I don't do it so that the government can blow up brown people. so fuck hillary/obama for taking my money at gunpoint.

3/10/2008 10:03:59 AM

those figures at the start of this topic are bullshit. i've looked and haven't been able to find anything of that sort. if someone can find a reasonable source that supports those claims, i'll be impressed and actually inclined to believe them.

Also, that comment about denying your raise is fucking retarded and shows how clueless you actually are about the tax system.

3/10/2008 10:36:42 AM

I think most of that money has actually gone into Dick Cheney and Erik Prince's pockets

FYI


^ it's bullshit.

[Edited on March 10, 2008 at 10:38 AM. Reason : ]

3/10/2008 10:37:30 AM

For those of you who actually want a leg to stand on regarding opposing obama's tax codes, you should focus on his universal mortgage deduction plan. There would only be a universal rate of reduction for a home, which is bullshit. the logic behind it is mostly only the wealthy are able to itemize their deductions and take advantage of deducting the interest paid on their homes.

reference: http://obama.3cdn.net/b7be3b7cd08e587dca_v852mv8ja.pdf

3/10/2008 11:07:09 AM

If anyone ever truly believe they shouldn't take a raise because they will have to pay more taxes overrall, they need to stay out of this section until they go read how taxes work.

3/10/2008 11:29:14 AM

Quote :

"the logic behind it is mostly only the wealthy are able to itemize"

This is the problem with left wingers--- they decry all of the advantages that the "wealthy" get and how they are the champions of the middle class, but ultimately, they end up fucking the middle class.

The taxcuts for the "wealthy" and the mortgage interest tax deduction that "only the wealthy" get is bullshit. There are far more middle class individuals and families benefiting from these than "wealthy" people, simply because we in the middle class grossly outnumber the wealthy.

Sure, the wealthy take advantage of these tax shelters as well, but politicians love to elicit emotional responses from the middle class by vilifying the wealthy. Unfortunately, once these tax shelters are taken away, it's too late for the middle class to realize that they've been duped.

The first thing that the new administration needs to do is drastically reduce spending. A good start would be to stop wasting $12B a month on a worthless occupation.

3/10/2008 11:37:23 AM

http://www.usatoday.com/news/washington/2008-03-13-senate-tax_N.htm

Quote :

"Democrats in the House and Senate are divided on taxes. The House budget plan assumes elimination of the full roster of Bush tax cuts. In the Senate, however, Democrats offered an amendment to renew tax cuts including the 10% tax bracket on the first $7,825 of income for individuals, the $1,000 per child tax credit, and estate tax relief. But the tax plan offered by Baucus would eat up virtually all the planned surpluses while allowing income tax rates to bounce back to pre-Bush levels, as would taxes on dividends and capital gains on stock and real estate sales. Under both Democratic plans, tax rates would increase by 3 percentage points for each of the 25%, 28% and 33% brackets. At present, the 25% bracket begins at $31,850 for individuals and $63,700 for married couples. The 35% bracket on incomes over $349,700 would jump to 39.6%. The Democratic plans would provide generous, greater-than-inflation increases for domestic agency budgets. "

Keep in mind the Democrats will gain Senate seats this year. Not looking good, folks.

3/13/2008 8:56:29 PM

thankfully, I'll be in Iraq 50% of the next few years--where I'll enjoy the Combat Zone Tax Exclusion.

3/13/2008 9:14:28 PM

fucking liberals

3/13/2008 10:33:12 PM

because life has been swell the past 7 years

3/13/2008 10:41:15 PM

what has been so bad for you dnl the last 7 years?

3/13/2008 10:42:10 PM

i dont want to live in this country anymore

3/13/2008 11:00:48 PM

i feel like that to sometimes

3/13/2008 11:38:39 PM

soo...I'd still like to see a source for this information.


and fuck, last time I got a promotion, I got sued for child support and had to start paying out just about exactly what my pay increase was (all in the same month...it's like the promotion never happened).

now I'm gonna get promoted again this summer, and it looks like the odds are good that the fucking Democrats are going to rob me of half of my upcoming pay raise shortly after I get it.

Goddammit.

Those proposed tax rates are fucking absurd.

[Edited on March 14, 2008 at 1:17 AM. Reason : asdfads]

3/14/2008 1:12:02 AM

Quote :

"Those spending that necessitated the proposed tax rates are fucking absurd."

Fixed.

3/14/2008 8:58:42 PM

no need to change what i said

although your edit is certainly a valid addition

[Edited on March 15, 2008 at 12:51 AM. Reason : vote for Duke in 2024]

3/15/2008 12:49:48 AM