Comments for How will your taxes change if Obama or McCain is elected in November? »
Posted By greenmac 1 year, 2 months ago in Political NewsThe Tax Policy Center , an independent, non-partisan group, has estimated how taxpayers' 2009 taxes will change under the next President. Answer a few simple questions to calculate the likely change in your tax bill in 2009:
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Lurch1 year, 2 months ago
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This is why McCain`s claims about `you cant raise taxes during a recession ring so hollow`.
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Obama is going to lower taxes for most Americans, and for the Americans who need it the most, more than McCain.
McCain, straight talking out of both sides of his mouth.
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njcronk1 year, 2 months ago
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I don't think this site is accurate. It says I would get more under McCain, but on every other tax formula site (including Obama's and McCain's) I come out better on Obama's. I think this is biassed toward McCain. Don't believe it.
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Unless you personally take home more than $250,000 (and 95% of Americans do), you will do better under OBAMA.-
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greenmac1 year, 2 months ago
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"Income in the United States is measured by the United States Department of Commerce either by household or individual. The differences between household and personal income is considerable since 42% of households, the majority of those in the top two quintiles with incomes exceeding $57,658, now have two income earners.[3] This difference becomes very apparent when comparing the percentage of households with six figure incomes to that of individuals. In 2006, 17.3% of households had incomes exceeding $100,000,[1] compared to slightly less than 6% of individuals.[2] Overall the median household income was $46,326 in 2006 while the median personal income (including only those above the age of 25) was $32,140"
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hefaa1Comment removed: Hard Banned
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GWHayduke1 year, 2 months ago
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Very true green.
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Giant corporations use their economies of scale to lower their prices FAR below what small business can provide.
Stimulating this weak market is going to require that the investing class take a hit.
A short term loss for me & my investments is a small price to pay for my long-term gain.
This is the only solution. -
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Codi69341 year, 2 months ago
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Small business' taxes will go up making it harder to keep/add employees. Unemployment will raise then all of the middle class disposable income will disappear because they will be on unemployment and can't afford to do anything. Raising taxes on anyone will be the death of a sick economy.
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greenmac1 year, 2 months ago
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There is no doubt the economy is sick right now, and the road to recovery will be longer than most of you wish it to be....but that is the facts. There will be winners and losers along the way and that's just the facts of the situation. The economy has grown year after year in the past....was it a false economy... I believe it was in a lot of cases. We must now face a different approach to how we do things as individuals ... to me that means avoiding credit buying wherever possible and living within my means. I am lucky in this respect as I have been doing that for a few years now.
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Old businesses will fail...new ones will start up. The economy will be born again.-
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Codi69341 year, 2 months ago
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But we don't need to raise more taxes. Everytime taxes were cut revenue increased. Yes, we do need to live within our means. THAT INCLUDES OUR OWN GOVT, TOO!! We are the ones paying for there mistake. Even when warned by there peers. Nothing was done to stop it before it got out of hand.
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Lurch1 year, 2 months ago
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However, revenue increases were mere pennies on the dollars that were lost in tax breaks for the rich. Thereby increasing taxes on future working class Americans and the states who had to make up for federal shortfalls.
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Moreover, it is exactly that lack of fiscal responsibility that Bush/McCain promote that has caused a flight from the dollar, thereby devaluating it. This is the worst of all worlds because you and I end up paying more for goods yet none of that money goes to pay for public services, which it would if the Bushies had the moral courage to actually try to pay for their record spending, which McCain approved of 95% of the time.-
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Codi69341 year, 2 months ago
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Here read this, they can say it better then I can. I am getting tired of talking to people that won't listen to reason. Che Obama ,if elected, will cause more problems then he will solve.
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http://www.heritage.org/research/taxes/bg2001.cfm
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Lurch1 year, 2 months ago
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> Small business' taxes will go up ...
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you forgot to add `under McCain`, who is going to tax small businesses for the health care tax deduction he is planning.
Of course, being a tax deduction, many Americans who are eligible will not know how to take advantage of it and will miss out on it. So, even though their employers will be taxed by McCain, they won`t even get the benefit.
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ningyo1 year, 2 months ago
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to make an evaluation on the taxes you will pay on the basis of these 3 question is total idiocy..its just as shallow and meaningless as all the rest of barry's promises..theres just no way to pay for his trillion $$ in NEW spending with taxes.. they already have their mitts around your 401k
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