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Lower Taxes -- McCain or Obama?


I earn over $250,000 a year
  0% (0)
I earn $200,000-$250,000 a year
  0% (0)
I earn $150,000-$200,000 a year
  0% (0)
I earn $100,000-$150,000 a year
  12% (1)
I earn $50,000-$100,000 a year
  37% (3)
I earn $50,000 or less a year
  50% (4)


Total Votes : 8
(last vote on : 9/20/2008 2:53:22 PM)
(Poll will run till: -- )
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Lower Taxes -- McCain or Obama? - 9/19/2008 1:46:17 PM   
Musicmystery


Posts: 30259
Joined: 3/14/2005
Status: offline 		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

< Message edited by Musicmystery -- 9/19/2008 1:57:57 PM >
Profile   Post #: 1
RE: Lower Taxes -- McCain or Obama? - 9/19/2008 4:38:55 PM   
DarkSteven


Posts: 28072
Joined: 5/2/2008
Status: offline 		All wrong.

Obama and McCain are now saying what they have to in order to get elected.  Once elected... do you remember "Read my lips.  No new taxes?"

I'm not so concerned about taxes as I am about government spending.  The GOP seems to have this hard limit about raising taxes while being completely unconcerned about skyrocketing deficits that force higher taxes later.


_____________________________

"You women....

The small-breasted ones want larger breasts. The large-breasted ones want smaller ones. The straight-haired ones curl their hair, and the curly-haired ones straighten theirs...

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(in reply to Musicmystery)
Profile   Post #: 2
RE: Lower Taxes -- McCain or Obama? - 9/19/2008 7:46:48 PM   
Musicmystery


Posts: 30259
Joined: 3/14/2005
Status: offline 		I have to agree with you, Steven.

"Borrow and spend" is no improvement over "tax and spend" -- at least with taxes, you actually HAVE the money you're spending, rather than hoping one day you'll magically have it--and with compound interest.

(in reply to DarkSteven)
Profile   Post #: 3
RE: Lower Taxes -- McCain or Obama? - 9/20/2008 7:53:56 AM   
Musicmystery


Posts: 30259
Joined: 3/14/2005
Status: offline 		Interesting, though, is it not, that when the question is put in such stark terms, suddenly the gung ho "Let's just cut taxes" people have nothing to say.

I'm just hoping people will consider this carefully before November.

And I certainly hope we don't just repeat the same cycle again.

(in reply to Musicmystery)
Profile   Post #: 4
RE: Lower Taxes -- McCain or Obama? - 9/20/2008 8:10:41 AM   
rook42


Posts: 110
Joined: 10/2/2005
Status: offline 		I don't think people understand the rate of our nations borrowing.

Put it in terms of the percentage of their wage that is going towards paying off national interest(The rate was scary, years ago- I dont want to look now), and the response is always the same:" Well, the guys in charge must know what they are doing."

(in reply to Musicmystery)
Profile   Post #: 5
RE: Lower Taxes -- McCain or Obama? - 9/20/2008 2:50:31 PM   
Musicmystery


Posts: 30259
Joined: 3/14/2005
Status: offline 		Hi rook,

Yes, I think you're correct. Interest alone is over $200 billion a year, and while people thump their chests about independence from foreign interests, who holds that debt? Foreign interests.

Reagen changed the largest creditor nation in the world to the largest debtor nation in the world in just eight years. Bush II had to shore up financial instrituions against all supposed Conservative positions because "consumer confidence" has become "foreign investor confidence," particularly China, and since Americans don't save, our credit markets would fall and cripple the economy---no investment, no purchase of durable goods.

May this country needs compulsory economic education. Or may those in power are counting on voter ingnorance.

< Message edited by Musicmystery -- 9/20/2008 2:51:25 PM >

(in reply to rook42)
Profile   Post #: 6
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