Obama's tax plan

[Justin B]

Obama's campaign published his proposed tax plan in the media today (8/14/2008). Below is purported to be his plan prior to today's release. Believing what I do about Obama, today's release maybe different.


And this is just his proposals on taxes - forget the remainder of the CHANGE YOU CAN BELEIVE IN !!!!!

INTERESTING DATA ON TAXES

Proposed changes in taxes after the 2008 General election:

CAPITAL GAINS TAX

MCCAIN
0% on home sales up to $500,000 per home (couples). McCain does not propose any change in existing home sales income tax.

OBAMA
28% on profit from ALL home sales
;
How does this affect you? If you sell your home and make a profit, you will pay 28% of your gain on taxes. If you are heading toward retirement and would like to down-size your home or move into a retirement community, 28% of the money you make from your home will go to taxes. This proposal will ad versely affect the elderly who are counting on the income from their homes as part of their retirement income.

DIVIDEND TAX

MCCAIN 15% (no change)

OBAMA 39.6%

How will this affect you? If you have any money invested in stock market, IRA, mutual funds, college funds, life insurance, retirement accounts, or anything that pays or reinvests dividends, you will now be paying nearly 40% of the money earned on taxes if Obama becomes president. The experts predict that 'Higher tax rates on dividends and capital20gains would crash the stock market, yet do absolutely nothing to cut the deficit.'

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 makin g 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

Under Obama, your taxes could almost double!

INHERITANCE TAX

MCCAIN 0% (No change, Bush repea led this tax)

OBAMA Restore the inheritance tax

Many families have lost businesses, farms, ranches, and homes that have been in their families for generations because they could not afford the inheritance tax. Those willing their assets to loved ones will only lose them to these taxes.

NEW TAXES PROPOSED BY 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 so we can receive the same level of medical care as other third-world countries!!!

You can verify a lot of the above at the following web sites:

http://money.cnn.com/news/specials/e lection/2008/index.html

http://www.cnn.com/ELECTION/2008/issues ... taxes.html

http://elections.foxnews.com/?s=proposed+taxe s

http://bulletin.aarp.org/yourworld/poli ... taxes.html

http://blog.washingtonpost.com/fact-che ... ack_obama/

http://blog.washingtonpost.com/fact-che ... hn_mccain/

(and there are many more to choose from, just use your favorite search engine)



ï If you have any money at all and v ote for Obama, you are like a chicken voting for KFC !

[redrocket190]

http://www.taxfoundation.org/
Good site for non-partisan tax analysis.

http://www.taxfoundation.org/publicatio ... 23496.html
Specific comparison of McCain and Obama's plans.

Obama's plan is of course liberal meaning a tax policy focused on re-distribution of wealth rather than reducing the overall tax burden on individuals and corporations to promote wealth creation and competitiveness.

[AlisoBob]

Exxon made about 9,000 billion dollars last year selling gas.

EVERY democrat had a shit fit over it.

9,000 billion dollars profit was really about 4% profit per gallon. Exxon sells allot of gas.

Even when broken down at 4% profit, the democrats still had a shit fit.

The funny part, the Dem's have no problem TAXING the fuel 25%, and having the balls to propose even more fuel taxes.

Question? Who are the greedy mutha' fukers?

Its not Exxon.

[redrocket190]

With government growing faster under Bush than Clinton, I'd say that greed is a problem for both Democrats and Republicans. The former tax too much and the latter borrow too much which just means delayed taxes. I may be politically deaf but I am not hearing anyone talk about reducing the size of government so we can have affordable tax cuts.

[dynodave]

With government growing faster under Bush than Clinton, I'd say that greed is a problem for both Democrats and Republicans. The former tax too much and the latter borrow too much which just means delayed taxes. I may be politically deaf but I am not hearing anyone talk about reducing the size of government so we can have affordable tax cuts.

Yes, Bush is a spend-a-haulic....but HE and only HE has kept the USA safe. That's what matters most!

McCain/Palin ARE talking about SMALLER government.

[AlisoBob]

Bush couldnt find his ass with a funnel.

[dynodave]

Bush couldnt find his ass with a funnel.

Say what you will about Bush, but the fact remains that there have been no attacks in your town since 9/11...and I don't care what he can't do with a funnel.

[AlisoBob]

I also won a $5 dollar scratch off lotto ticket, you going to give him credit for that too?

[dynodave]

I also won a $5 dollar scratch off lotto ticket, you going to give him credit for that too?

"the fact remains that there have been no attacks in your town since 9/11"

Dispute it.

[jbird_710]

I also won a $5 dollar scratch off lotto ticket, you going to give him credit for that too?
http://z.about.com/d/politicalhumor/1/0 ... _clown.jpg

You can talk all of the shit you want about him and no, he doesn't speak well in public; but, the fact remains, things were going pretty damn good up until all of the short-sighted ignorant dumbasses voted in the totally worthless demonrat congress in 2006.

[AlisoBob]

Yea, He's a real linguist....

[redrocket190]

Yes, Bush is a spend-a-haulic....but HE and only HE has kept the USA safe. That's what matters most! McCain/Palin ARE talking about SMALLER government.

...specifics?

[redrocket190]

I also won a $5 dollar scratch off lotto ticket, you going to give him credit for that too?

"the fact remains that there have been no attacks in your town since 9/11"

Dispute it.

The fact that one event happens after another does not in itself indicate a direct cause and effect. I would happily agree that some government action has made us safer, but I don't buy the whole package. Particularly when you factor in the hidden cost which has been a fundamental erosion of the principles that make (made) America great. Governments always grow in times of war, and when the population is scared they give up their personal freedoms for the perception of safety. Everyone needs to work out what their fair price is, and whether the Government has a vested interest in keeping you scared in pursuit of expanded powers. This is most certainly the neo-con agenda.

[AlisoBob]

How many zeros in a billion?

This is too true to be funny.

The next time you hear a politician use the
word 'billion' in a casual manner, think about
whether you want the 'politicians' spending
YOUR tax money.

A billion is a difficult number to comprehend,
but one advertising agency did a good job of
putting that figure into some perspective in
one of it's releases.


A.
A billion seconds ago it was 1959.

B.
A billion minutes ago Jesus was alive.

C.
A billion hours ago our ancestors were
living in the Stone Age.

D.
A billion days ago no-one walked on the earth on two feet.

E.
A billion dollars ago was only
8 hours and20 minutes,
at the rate our government


is spending it.



While this thought is still fresh in our brain...
let's take a look at New Orleans.
It's amazing what you can learn with some simple division.




Louisiana Senator, Mary Landrieu (D) asked Congress for 250 BILLION DOLLARS to rebuild New Orleans. Interesting number...what does it mean?

A.
Well.. if you are one of the 484,674 residents of New Orleans
(every man, woman, and child) you each get$516,528.

B.
Or... if you have one of the 188,251 homes in
New Orleans, your home gets$1,329,787.

C.
Or... if you are a family of four...
your family gets $2,066,012.




<HELLO!>
Are all your calculators broken??


Taxes you ask, heres a partial list
AccountsReceivableTax
BuildingPermit Tax
CDL License Tax
Cigarette Tax
Corporate Income Tax
Dog License Tax
Federal Income Tax
Federal Unemployment Tax (FUTA)
Fishing License Tax
Food License Tax
Fuel Permit Tax
Gasoline Tax
Hunting License Tax
Inheritance Tax
Inventory Tax
IRS Interest Charges (tax on top of tax)
IRS Penalties (tax on top of tax)
Liquor Tax
Luxury Tax
Marriage License Tax
Medicare Tax
Property Tax
Real Estate Tax
Service charge taxes
Social Security Tax
Road Usage Tax (Truckers)
Sales Taxes
Recreational Vehicle Tax
SchoolTax
StateIncomeTax
StateUnemployment Tax (SUTA)
Telephone Federal Excise Tax
Telephone Federal Universal Service Fee Tax
Telephone Federal, State and Local Surcharge Tax
Telephone Minimum Usage Surcharge Tax
Telephone Recurring and Non-recurringChargesTax
TelephoneStateand Local Tax
Telephone Usage ChargeTax
Utility Tax
Vehicle License Registration Tax
Vehicle Sales Tax
Watercraft Registration Tax
Well Permit Tax
Workers Compensation Tax

STILL THINK THIS IS FUNNY?

Not one of these taxes existed 100 years ago...
and our nation was the most prosperous in the world.

We had absolutely no national debt...
We had the largest middle class in the world...
and Mom stayed home to raise the kids.

What happened?
Can you spell 'politicians!

[dynodave]

Yes, Bush is a spend-a-haulic....but HE and only HE has kept the USA safe. That's what matters most! McCain/Palin ARE talking about SMALLER government.

...specifics?

It doesn't get any more speciic than this:

"the fact remains that there have been no attacks in your town since 9/11"

[dynodave]

I also won a $5 dollar scratch off lotto ticket, you going to give him credit for that too?
http://z.about.com/d/politicalhumor/1/0 ... _clown.jpg

You can talk all of the shit you want about him and no, he doesn't speak well in public; but, the fact remains, things were going pretty damn good up until all of the short-sighted ignorant dumbasses voted in the totally worthless demonrat congress in 2006.

True. Good point.

[dynodave]

I also won a $5 dollar scratch off lotto ticket, you going to give him credit for that too?

"the fact remains that there have been no attacks in your town since 9/11"

Dispute it.

...and when the population is scared they give up their personal freedoms for the perception of safety. Everyone needs to work out what their fair price is, and whether the Government has a vested interest in keeping you scared in pursuit of expanded powers. This is most certainly the neo-con agenda.

Yeah, yeah, yeah...all of your personal freedoms have been removed for the PERCEPTION of safety and BECAUSE Bush wants expanded powers.

Open your damn eyes; "the fact remains that there have been no attacks in YOUR town since 9/11" There is a difference between perception and fact. This is not perception. It is fact.

And you can not identify ONE SINGLE personal freedom that YOU have been deprived of. So stop winning about personal freedoms that YOU HAVE NOT LOST.

[dynodave]

AccountsReceivableTax
BuildingPermit Tax
CDL License Tax
Cigarette Tax
Corporate Income Tax
Dog License Tax
Federal Income Tax
Federal Unemployment Tax (FUTA)
Fishing License Tax
Food License Tax
Fuel Permit Tax
Gasoline Tax
Hunting License Tax
Inheritance Tax
Inventory Tax
IRS Interest Charges (tax on top of tax)
IRS Penalties (tax on top of tax)
Liquor Tax
Luxury Tax
Marriage License Tax
Medicare Tax
Property Tax
Real Estate Tax
Service charge taxes
Social Security Tax
Road Usage Tax (Truckers)
Sales Taxes
Recreational Vehicle Tax
SchoolTax
StateIncomeTax
StateUnemployment Tax (SUTA)
Telephone Federal Excise Tax
Telephone Federal Universal Service Fee Tax
Telephone Federal, State and Local Surcharge Tax
Telephone Minimum Usage Surcharge Tax
Telephone Recurring and Non-recurringChargesTax
TelephoneStateand Local Tax
Telephone Usage ChargeTax
Utility Tax
Vehicle License Registration Tax
Vehicle Sales Tax
Watercraft Registration Tax
Well Permit Tax
Workers Compensation Tax

Yup...sounds like we're in need of a smaller government. One that is for the people, by the people.

[MojoScojo]

And you can not identify ONE SINGLE personal freedom that YOU have been deprived of. So stop winning about personal freedoms that YOU HAVE NOT LOST.

http://en.wikipedia.org/wiki/USA_PATRIOT_Act

[dynodave]

And you can not identify ONE SINGLE personal freedom that YOU have been deprived of. So stop winning about personal freedoms that YOU HAVE NOT LOST.

http://en.wikipedia.org/wiki/USA_PATRIOT_Act

Please. Your gonna' have to come up with a stronger argument than that.
Like I said: "you can not identify ONE SINGLE personal freedom that YOU have been deprived of. So stop winning about personal freedoms that YOU HAVE NOT LOST"

True for all American citizens, unless you are a terrorist.

From the first paragraph:
...the Act increases the ability of law enforcement agencies to search telephone, e-mail communications, medical, financial and other records;

Which one of these things has the FBI done to you?

One more time:
Stop winning about personal freedoms that YOU HAVE NOT LOST. And be grateful that your government has not allowed the islamofreaks to destroy your neighborhood. Which in large part is BECAUSE of the Patriot Act.

JEEEZ!

[Justin B]

There have been no attack in my hometown or yours but how much of that is because of Bush. I mean the bad guys tried to blow up the WTC in 93 and then waited till 01 to try again. Clinton was more concerned with chasing intern ass than dealing with the problem and it still took 8 years for the bad guys to try again. So how can you be so sure the lull is because of something Bush is doing and not just planning and logistics. The borders are wide open and the ports are still unsecured so how safe do you feel?

[iggys-amsoil]

From the first paragraph:
...the Act increases the ability of law enforcement agencies to search telephone, e-mail communications, medical, financial and other records;

Which one of these things has the FBI done to you?

I haven't read the first page, later, however it is quite clear to me that YOU sir have not come into there cross hairs.

Ok now that I've read the first page;

It doesn't get any more speciic than this:

"the fact remains that there have been no attacks in your town since 9/11"

The fact remains that just because it hasn't happened yet does not mean it is not going to.

That fact remains that to bring about WWIII, which is going to happen, another event has to happen to make WWIII happen, and thus fully bringing about the New World Order from its after math.

So your good with sending your kids off to war? Good, I hope for your sake that they make it back.

He's almost smileing.


Oh and speaking of taxes, here it is in a nutshell.
I was looking for Ronold Regans Grace Commision Report (3:30) and this came up.

[Slomo]

WWIII.... who do you think it will be with?

also... WWWIII is a name given to a "war" by someone high in the food chain, I'm not sure due to public hysteria, that that name will ever get used.

[JBaze]

I don't get into the political stuff, but to say there hasn't been an attack in your town since 9-11 is, well, kind of dumb. They are terrorists, their little plan kind of worked. Anytime someone gets stopped at the metal detectors in the airport with a fingernail clipper and a tin gum rapper the country imeadiatly goes to red, airports close, the national gaurd and military reserves go on altert and everone clinches up and waits to see whats going to happen. Same thing happens when they find an "unusual" package some where. Any time something like this happens it is an attack in one of our towns. It's called terror.

[redrocket190]

...back to the original topic:

Obama’s Warped View on Taxes

Washington – The Club for Growth wished Senator Barack Obama congratulations on finally recognizing that tax increases will hurt the country’s economy, but questioned why he is determined to raise them anyway.

Over the weekend, Senator Obama said he would delay rescinding the Bush tax cuts if the economy is in a recession, saying, “I think we’ve got to take a look and see where the economy is. I mean, the economy is weak right now.” At the same time, Barack Obama said he would not extend the Bush tax cuts when they expire in 2010. This is tantamount to saying, “I know tax increases are bad for the economy but I’m going to raise them anyway.”

“It is high time Barack Obama recognized what has been obvious for decades—high taxes are like a dead weight on economic growth,” said Club for Growth President Pat Toomey. “High taxes punish work, savings, investment, profit, and risk taking. Conversely, cutting taxes encourages all of these vital activities and thereby promotes economic growth. So now that Obama has recognized that tax increases hurt the economy, why is he so determined to raise them? The logical conclusion from Obama’s own observation is that he should be supporting making the 2001 and 2003 tax cuts permanent.”

http://www.clubforgrowth.org/index.php