If I hear Obama say he is going to give a tax cut to 95% of the people in the country one more time I may hurl. Let's take a peak at taxes...
Obama thinks the Bush tax cuts are horrible......yes he has said it many times...
Obama says that he will allow the Bush tax cuts to expire in 2009.....yes I have personally heard him say this also!
OK with that said....here is some tax information on how just that one decision will effect you:
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
Now with that said..... He is going to allow the bush cuts to lapse and then he is going to give everybody a tax cut.....BULL S#&t
This guys will say anything to the American lemmings to get elected. His agenda is a social remake of this country. Did you hear that now he believes the Constitution is seriously flawed....OK I will go get the video of the socialist saying that too!
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Obama said he is repealing the Bush tax cuts for those making over $250,000, not all of the tax cuts.
Lately he has said that due to his swing from the left. But when he was fighting Hillary he stated:
I'm not bashful about it: wealthy will pay more taxes
Q: If either one of you become president, and let the Bush tax cuts lapse, there will be effectively tax increases on millions of Americans.
OBAMA: On wealthy Americans.
CLINTON: That's right.
OBAMA: I'm not bashful about it.
He has consistently flip flopped on issues to become more neutral. He panders to the crowd. He will raise taxes on everyone who pays taxes and he will spread the wealth. He is a socialist.
Source: 2008 Democratic debate in Los Angeles before Super Tuesday Jan 30, 2008
Here are the numbers from cnn.com, the format didn't come over very well, but as you look at each number, the first is mccain, the second is obama. With the stupid deficits that our leaders have been running up, I don't know how anyone is not going to raise taxes, but I really don't see how McCain is going to cut taxes.
BREAKING DOWN THE NUMBERS
Here's how average tax bills could change in 2009 if the candidates' tax proposals were fully in effect.* An average decline doesn't mean everyone's bill in a given group would fall, nor does an average increase imply everyone's bill goes up.
MCCAIN OBAMA
Income Avg. tax bill Avg. tax bill
Over $2.9M -$577,148 +$699,872
$603K and up -$109,214 +$121,689
$227K-$603K -$15,877 +$942
$161K-$227K -$6,322 -$2,796
$112K-$161K -$3,736 -$2,135
$66K-$112K -$1,487 -$1,264
$38K-$66K -$608 -$1,118
$19K-$38K -$259 -$892
Under $19K -$65 -$567
* Not all proposals are slated for 2009. Example: Obama's proposal to increase what high-income earners must pay into Social Security. The campaign said such a measure wouldn't take effect for 10 years.
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