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Musicmystery -> Lower Taxes -- McCain or Obama? (9/19/2008 1:46:17 PM)
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Obama will address the deficit by raising taxes on those who earn over $250,000, while cutting taxes for the middle class.
McCain claims taxing people earning over $250,000 is raising taxes on the middle class, hurts small businesses and costs jobs--ignoring, incidentally, that small businesses deduct expenses such as payroll long before getting to the amount of taxable personal income.
Several news and independent analyses show that McCain's plan will cost people earning under this amount more in taxes than Obama's plan. Yet still I see many people repeating this and insisting that Obama will raise their taxes.
Perhaps they believe giving the rich more money, as both Reagen and Bush II did, will create more economic opportunity for the less financially affluent. However, in both cases, not only did this not happen (the gulf between rich and poor widened), but jobs were lost, and we found the nation facing financial crises at the end of those terms.
Let alone that so many here seem to almost fanatically support those who would love to crack down on cultural defiants like all of us who visit this site.
So I'm wondering---why do people seemingly vote against their own best interests?
Perhaps I'm just making erroneous assumptions about the folks here, so let me ask:
What do you earn? Please pick a category.
And---if you earn this via more than one job (for example, I earn over $50,000, but NOT from my full time job alone), please explain. If you choose a category based on more than one person's income in your household, please indicate that as well.
Thank you! I'm sincere in the question.
Tim
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