If you are voting strictly with your wallet..

[nevermind65]

How Much Would You Pay in Taxes?

Sens. Barack Obama and John McCain both say they’ll cut federal taxes if elected. Here’s what their proposals would mean for you.


.........................Obama.....McCain

If you make...you'd save...you'd save...

less than $19,000..$567......$21

$19,000-$37,600....$892....$118

$37,600-$66,400....$1118....$325

$66,400-$111,600....$1264....$994

$111,600-$161,000....$2135....$2584

$161,000-$227,000....$2796....$4437

If you're in the top 5% of earners...

......................you'd pay an extra...you'd save...

$227,000-$603,400....$121.............$8159

$603,400-$2.87 million..$93,709.......$48,862

more than $2.87 million..$542,882.....$290,708


*Source: Tax Policy Center. Numbers have been rounded. For complete details, go to TaxPolicyCenter.org.


If your annual salary is less than $112,000, you’d pay less in taxes under Obama’s plan; if your salary is higher, McCain would cut your taxes more. “While the aggregate tax cut is bigger for McCain, a larger number of voters get more money under Obama,” says Alan Viard, a tax-policy expert at the conservative American Enterprise Institute. “Obama is choosing to emphasize tax cuts for the middle class, whereas McCain’s strategy is to keep rates lower at the top as a way to facilitate long-run growth.” For example, a person with an income of $1 million could see his taxes increase under Obama by as much as $94,000, whereas under McCain’s plan he could save about $48,000.

[427 S/O]

TPC is a liberal think tank...........nuff' said.

[wtm442]

Bill Clinton promised no new taxes when he ran ... and he increased taxes. Bush the elder promised no new taxes but, sorry, he raised taxes.

Barack Obama's vote on tax issues has been 92 to 0. That's 92 votes for higher taxes in the past in the Senate.

Do you really believe he is going to cut taxes? Of course, he wants to eliminate the Bush tax cuts. It's the patriotic thing to do ... pay higher taxes.

As he has said 3 million times, I will cut taxes on 95% of all people.

Hey Barack - wake up. Forty five percent of wage earners pay ZERO federal taxes. It must be the new math. Or maybe he has a printing press in his basement.

He must, since he has promised over 1.6 trillion dollars of new spending programs during this campaign.

Here comes the socialist freight train. He wants to distribute tons of your money to the poor disadvantaged people. The only way to derail this freight train is to .....

[MChat]

Everytime a democrat has said they only want to increase taxes on the wealthy, my taxes has gone up.

Apparently "wealthy" to a democrat is anyone who doesn't need some sort of government assistance.

There's two things that you cannot legislate into existance: Compassion and Morality. The left tries to legislate compassion via their socialist programs and the right tries to legislate morality.

[nevermind65]

Originally Posted by MChat

Everytime a democrat has said they only want to increase taxes on the wealthy, my taxes has gone up.

Apparently "wealthy" to a democrat is anyone who doesn't need some sort of government assistance.

There's two things that you cannot legislate into existance: Compassion and Morality. The left tries to legislate compassion via their socialist programs and the right tries to legislate morality.

Bingo. I hate to say this, but the same has held true in Ohio for taxes from the Repubs. Bush cut them, Ohio raised them. If they didn't outright raise taxes, then they came up with 50 new ones to get more money. All we did in Ohio is take with the right hand and give it back with the left....and they wonder why businesses and jobs are leaving.

[trularin]

Well, there's something to think about.

[VRM]

Originally Posted by 427 S/O

TPC is a liberal think tank...........nuff' said.

So prove it wrong. Attacking the source of the info does NOT disprove the information presented.

Steve

[cobra de capell]

Originally Posted by VRM

So prove it wrong. Attacking the source of the info does NOT disprove the information presented.
Steve

OK, Steve - prove that this isn't a picture of you.....

http://im.super.cz/fun/95/20-chlapska.jpg

[cobra bill]

Originally Posted by VRM

So prove it wrong. Attacking the source of the info does NOT disprove the information presented.

Steve

That will never happen!

[cobra de capell]

U.S. Tax System Explained in Beer - by Joe SixPack (Stan Bradley)
Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this:

The first four men (the poorest) would pay nothing. The fifth would pay $1. The sixth would pay $3 The seventh would pay $7. The eighth would pay $12. The ninth would pay $18. The tenth man (the richest) would pay $59.

So, that's what they decided to do. The ten men drank in the bar every day and seemed quite happy with the arrangement, until one day, the owner threw them a curve. 'Since you are all such good customers,' he said, 'I'm going to reduce the cost of your daily beer by $20. 'Drinks for the ten now cost just $80.The group still wanted to pay their bill the way we pay our taxes so the first four men were unaffected. They would still drink for free. But what about the other six men - the paying customers?

How could they divide the $20 windfall so that everyone would get his 'fair share?' They realized that $20 divided by six is $3.33. But if they subtracted that from everybody's share, then the fifth man and the sixth man would each end up being paid to drink his beer. So, the bar owner suggested that it would be fair to reduce each man's bill by roughly the same amount, and he proceeded to work out the amounts each should pay.

And so the fifth man, like the first four, now paid nothing (100% savings). The sixth now paid $2 instead of $3 (33% savings). The seventh now pay $5 instead of $7 (28% savings). The eighth now paid $9 instead of $12 (25% savings). The ninth now paid $14 instead of $18 ( 22% savings). The tenth now paid $49 instead of $59 (16% savings).

Each of the six was better off than before. And the first four continued to drink for free. But once outside the restaurant, the men began to compare their savings. 'I only got a dollar out of the $20,' declared the sixth man.

He pointed to the tenth man,' but he got $10! "Yeah, that's right,' exclaimed the fifth man. 'I only saved a dollar, too.. It's unfair that he got ten times more than I! "That's true!!' shouted the seventh man. 'Why should he get $10 back when I got only two? The wealthy get all the breaks!

"Wait a minute,' yelled the first four men in unison. 'We didn't get anything at all. The system exploits the poor! 'The nine men surrounded the tenth and beat him up. The next night the tenth man (the richest) didn't show up for drinks, so the nine sat down and had beers without him. But when it came time to pay the bill, they discovered something important. They didn't have enough money between all of them for even half of the bill!

And that, journalists and college professors, is how our tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up anymore. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier.

[cobra de capell]

Originally Posted by 427 S/O

TPC is a liberal think tank...........nuff' said.

Some more input from the same center.....

Obama and McCain Tax Proposals
According to a new analysis by the Tax Policy Center, a joint project of the Urban Institute and the Brookings Institution, Democrat Barack Obama and Republican John McCain are both proposing tax plans that would result in cuts for most American families. Obama's plan gives the biggest cuts to those who make the least, while McCain would give the largest cuts to the very wealthy. For the approximately 147,000 families that make up the top 0.1 percent of the income scale, the difference between the two plans is stark. While McCain offers a $269,364 tax cut, Obama would raise their taxes, on average, by $701,885 - a difference of nearly $1 million.



Now, why increase tax on anyone at this time? And, why go for wealth redistribution at this time?

[Chaplain]

If the Obama plan were applied to Cobra ownership, we that already have a car would be assessed a tax on related purchases and that tax money after being filtered through the bureaucracy would be distributed to those wanting to buy one. The result would be several new government jobs and the price of the kits/cars would go up. Additionally, as the price went up we would hire brokers who would artificially inflate the price (what the heck the govt is subsidizing the purchases) to increase their commission. Ultimately though the cobra market would crash because true prices would be finally realized, owners would default on their loans and finally it would require a huge government bailout to keep the cobra market viable. To prevent this all from happening, I'm voting for McCain.

[VRM]

CdC,
The wealthy do not need a tax cut at this time (though it would be nice). The middle class do. And. no - I'm not in favour of raising taxes, but if McCains plan had the larger increases at he bottom and middle of the scale, and nothing or next to nothing at the top there is a chance I might actually vote for him.

Steve

[wtm442]

When Reagan was President, it was called ...

trickle down economics.

If Obama get elected, it will be ...

trickle up poverty.

[cobra bill]

If by trickle down you mean pissed on then it worked!

[427 S/O]

Quote vrm: For every instance of DNC vote fraud I will show you one of GOP vote fraud.

In your words vrm.......Prove it!.


Here ya go C-B


McCain adviser Nancy Pfotenhauer dismissed the Tax Policy Center’s conclusion that Sen. John McCain’s (R-AZ) tax plan would increase the deficit. Pfotenhauer argued that the center was a “liberal think tank” that did not analyze “the spending side” of McCain’s plan:

[We’ll] keep the growth rate in federal spending to about 2.4 percent. The Tax Policy Center is a liberal think tank run by former Clinton-ite Jason Furman, but set that aside. They don’t look at the spending side, they only look at the tax side.

[VRM]

Perry,
I didn't see where you offered me evidence of DNC vote fraud. Perhaps I missed it. In case you did have one, look up James Tobin.

I suspect that the TPC estimated spending to be the same as this year, or they may have used a growth % equal to an average of the last 4 years. You don't give that information so it is impossible to determine if your quote is accurate or not.
It is possible, if McCain actually does manage to cut spending levels. I am pretty sure that Obama will not.

[SP01715]

Originally Posted by cobra bill

If by trickle down you mean pissed on then it worked!

You want to compare unemployment and interest rates under Carter and what they were when reagan left 8 years later? Reagan saved our country from the disaster that was Carter. I think Obama is the second coming of Carter but with a more socialist trend.

[cobra bill]

Originally Posted by SP01715

You want to compare unemployment and interest rates under Carter and what they were when reagan left 8 years later? Reagan saved our country from the disaster that was Carter. I think Obama is the second coming of Carter but with a more socialist trend.

Actually the recession started during the Nixon administration and continued on through the ford administrating, Carter was just lucky enough to come into office when it was at its worse! by the end of his administration the economy had turned around, so it made Reagan look good. As for Reagan he was the worst thing to happen to this country, all the problems we are suffering through now is as a result of his policies! to de-regulate industry, and allow corporations to run amuck, as well as turn the government anti union, and the best one of all, trickledown economics Ha! Bush was right, it was voodoo economics.

[SP01715]

Well, with the above statement I now know there is no reasoning with you. You are way out on the left...