Mercnbeth
Posts: 11766
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quote:
You could say the same of Palin who surely could not have been plucked out of the air for her looks and speaking ability. Surely she was chosen for her sound ideas? MC, Two points; she is not leading the ticket, Governor Palin is a distraction as I stated in the post you replied. However by your comment "you could say the same" you agree with Senator Obama's empty suit image? How does that, taken as fact, support an Obama vote or his candidacy? quote:
The percentage burden of taxation is irrelevant, what matters is the spending power of ones personal income after taxation. No it isn't - not even because you say so. Thatcher was working under different rules. The tort system alone disqualifies comparison, as does the existing 'expectation' of cradle to grave nanny care. Unless you are willing to totally eliminate the bureaucracy and expectations of US citizens compared to the UK the amount of total tax paid is very relevant. For example, not everyone got mortgage payment relief, not everyone got an 'economic stimulus' check; only those deemed 'worthy'. Not everyone works for the US government (yet?), not everyone works for a union (teachers for instance) that requires an acceptance of failure with payments coming from those succeeding. Also don't limit your perception of taxes to income and/or sales. Remember the other taxes we pay. Real Estate, gas, vehicle registration, fees paid for government services. All those and the aforementioned sales taxes, State & city, are paid with after taxed income. Add them together and many more than realize are already in the 50-60% tax bracket; ironically, inversely proportional to income. Meaning the less you make, the more percentage of your income you pay especially if you live in a rental. Now before you go off wanting anything from universal health care to guaranteed college tuition, remember they will all come PLUS what you are already paying. Your Federally allowed net income will be less - locally you'll be lucky to pay the same. Considering that many businesses will maneuver to pay less or not at all of any tax change, and no economic stimulus check will make it right. Take one cornerstone of the Obama platform, capital gains. It is estimated that the US Stock market will lose 25 % of its value the day after the election; not just for the 'rich', but for everyone relying on a 401K, or whose union pension fund relies on one.
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