Quote:
Originally Posted by Vampyr
Could someone clarify something for me? Why does McCain keep saying that Obama's tax plan will increase taxes on people making less than like, 42k a year? He said it during the debate, and it's on one of his commercials, too.
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Because he voted for those taxes. See my above post and check out FactCheck.org. And the number is $45k, I believe.
I often question numbers when taxes are involved with Obama, because he hides massive increases in taxatiuon through semantics, by renaming the taxes. I've already talked about this in others posts. 10th reply down:
http://www.gametavern.net/forums/showthread.php?t=18993
Obama would raise capital gains by as much as 2/3's and I doubt those numbers show up on this chart, as they are not considered INCOME when all is said and done. Capital gains taxes affect anyone who owns a home and anyone who owns stock (over 60% of Americans). It also kills investment in American business, and conversely encourages investment overseas.
He would also greatly increase the burden of social security on small businesses, whose tax models change delending on whether or not they're incorporated, LLC's, or sole proprietorships, and I doubt those numbers show up on this chart.
EDIT: Yep, those numbers are from thre Tax Policy Center, and I KNOW those numbers don't reflect any variables I described above.
Basically, Barack Obama's economic plan is the exact opposite of any economic plan that has ever worked in the history of economics. Policies like his failed during the Great Depression, they failed during Johnson's Great Society and they crashed and burned during Carter's malaise days where the top tax rate was close to 70% when everything was said and done (Obama's top burden would hover around 55-60%, I believe).
Europe has even begun to abandon their socialist tendencies and are adopting more business friendly tax models, and its only imporving their economy. Ireland, after years of economic pain and poverty, virtually annihilated taxes on business and in less than ten years they went from sustained brutal poverty to a thriving economy, one of the most prolific in all of Europe.
I know no one wants to admit that "trickle down" or supply side economics works, but ask yourself this"
If everyone can agree to the obvious fact that failures in big business trickle down economic pain and hysteria to everyone in the country, how can we deny that their success trickles down as well?" The trick is to keep the big dogs healthy, so the little dogs are healthy too.
Also, his "tax cuts" for the poor and really welfare checks he he is distributing money to people who didn't pay much in taxes to begin with. For a thematic example (numbers are not exact, but show the theory): If you pay no taxes, you would get $1,000 check from the government. If you paid $200, you would get a $800 check from the government, etc...
"Hey poor people, no need to try and get out of poverty anymore! The government subsidizes your misery and makes you more comfortable in your trailer while emasculating you at the same time! Need health-care? we'll provide the worst that everyone else's money can buy, and with no accountability because its ensconced in a massive, impenetrable bureaucracy!! Still need a job? Make $30K a year under Obama as a paid "volunteer"! There are tens of thousands of us with no way to pay for our "volunteer" salaries because they really aren't a part of my budget because you're "volunteers"! Makes sense, right? Don't worry about getting that GED or invenstigating college grants for further education, we've got you covered, because the government does all the thinking for you!. ARE WE NOT KIND!?!?!"
And Jason, keep `em coming,! I find it entertaining, especially the Robin Hood line. I suppose if all you're going to do is repeat othere people's opinions, they should at least be taken from a classic work of fiction. You should have your own line of Hallmark "Marxist" greeting cards.