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Thread: $111,645.00
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09-11-2008, 11:00 AM #1
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$111,645.00
Smart Money(a librodouche pub I'm sure) says this is the magic number. Make less and Obama's better for your wallet, more and it's McCain.
Just throwing that out there.
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09-11-2008, 11:09 AM #2
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Oh yeah, Republicans use "magic numbers".
Have you heard about the $250,000 real numbers?Last edited by MonkeyMan; 09-11-2008 at 11:16 AM.
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09-11-2008, 11:12 AM #3
....................
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newsflash: Presidents don't write the Internal Revenue Code.
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09-11-2008, 11:12 AM #4
1 + 1 = 3
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www.obamataxcut.com
punch in your income & see
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09-11-2008, 11:15 AM #5
4 On The Floor Whore
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Why can people just not do a little, simple research and find out what Obama is really about and what his tax plan is, instead of wasting it on spreading lies??
Oh, that's right....he is "liberal", which makes him bad somehow.
I mean, the founding fathers of our country were extreme liberals and everyone hates them, right?
un-eduated haters
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09-11-2008, 11:17 AM #6
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This wasn't just about tax cuts, I'd post the article but I have that old fashion paper thing. Taken into account was their thoughts on dealing with the housing crisis, Health insurance, investments, and taxes. Just an interesting article in a financial mag. Obviously this is what they are proposing not what they have actually accomplished, somehow I thought that would go without saying, seeing as an election hasn't happened.
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09-11-2008, 11:21 AM #7
Charles De Mar
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Good website...also based of of the non-partisan TPC:
Originally Posted by Mathematics
Why do the supporters of the McCain have blinders on about this?Obama has proposed raising the payroll tax for those earning over $250,000. Again, he has not provided details, but TPC assumes this would be a 2 percent income tax surcharge on adjusted gross income above $250,000 for couples and $200,000 for others and an additional 2 percent payroll tax for employers on each worker’s earnings above those levels. Such a plan would increase taxes on high-income workers by nearly $400 billion over a decade.
In the July 23 update of its analysis, TPC added a preliminary estimate of the candidates’ health care proposals. Because the campaigns did not provide complete plans, TPC assumed certain details. We conclude that the McCain plan, which would replace the current exclusion for employer-paid premiums with a refundable income tax credit of up to $5000 for anyone purchasing of health insurance and make other changes to the healthcare system, would increase the deficit by $1.3 trillion over 10 years and modestly trim the number of uninsured. The Obama plan, which would make relatively low-cost insurance available to everyone through non-group pools and subsidize premiums for low- and moderate-income households, would cost $1.6 trillion, but would also cover virtually all children and many currently uninsured adults.Damn shame, throwing away a perfectly good white boy like that
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09-11-2008, 11:22 AM #8
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I get my info on Obama from the McCain campaign. Those guys are all about the truth. They'd never lie to us Patriotic Americans, would they? Originally Posted by PowTron
Why can people just not do a little, simple research and find out what Obama is really about and what his tax plan is, instead of wasting it on spreading lies??
Oh, that's right....he is "liberal", which makes him bad somehow.
I mean, the founding fathers of our country were extreme liberals and everyone hates them, right?
un-eduated haters"We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch
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09-11-2008, 11:30 AM #9
Don't Panic
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Woot, woot...If Obama wins I get to go heli skiing Originally Posted by Mathematics
I know who I'm voting for
I agree it is a constitutional right for Americans to be assholes...its just too bad that so many take the opportunity...iscariot
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09-11-2008, 11:38 AM #10
Bugs
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But, but that says Obama will lower my taxes. How can that be? The Republicans are telling me he wants to raise everyone's taxes. Originally Posted by Mathematics
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09-11-2008, 11:41 AM #11
1 + 1 = 3
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Originally Posted by The AD
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09-12-2008, 07:31 PM #12
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I think this is the graph that I saw about this. TimVW.whateverthefuck from Wisconsin posted it, so it must be somewhat prObama, but it sure seems to go against what is being said.
Won't know till he is in I guess.
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09-12-2008, 07:34 PM #13
Quite a simotaneous catch
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So I get an administrative agenda I believe in AND a tax cut? Sweet!Your Obama Tax Cut is: $4,426.76
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09-12-2008, 07:56 PM #14
It's got electrolytes!
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Only saving $980.92, but hell, that still beats owing money.
I think that the human mind is unique among all other forms of life in that it can spontaneously create unique thoughts and provide unique behaviors. Instead of rewarding that uniqueness we, for some reason probably because of cultural and social necessity, we chastise unique behavior and reward conformity.
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09-12-2008, 08:40 PM #15
.
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"The American Republic will endure, until politicians realize they can bribe the people with their own money."---Alexis de Tocqueville
it's all young and fun and skiing and then one day you login and it's relationship advice, gomer glacier tours and geezers.
-Hugh Conway
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09-12-2008, 09:04 PM #16
riding the wheel
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Rubicon gets it.
If I ran my finances like we let the politicos run those of our country, I'd be in jail. As a country, how can we, year after year, continue to spend more than we take in. And yet, both sides promise to leave more in our pocket, all to great rounds of applause. Yet, it is OUR money, that they are spending.
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09-12-2008, 10:49 PM #17
Quite a simotaneous catch
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McCain wants to double the tax credit for children -- from $3500 to $7000.
I'm a father of two and we make a good living as far as the Govt. knows. My wife owns a small business and I am now a contractor. I'd probably get to keep more money with McCain. Your point, Mr. DeToqueville quoter?
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09-13-2008, 07:19 AM #18Smokey McPole GuestBecause the average dumbfuck ignorant stupid retarded asshate fvcktard American has things like a job and kids and doesn't have 18 hours a day to research the candidate online? Damn Americans, boy this country sure does suck! Originally Posted by PowTron
PowTron - you dopes are constantly screaming "Why doesn't anybody do any research? Why don't they try to find out what Obama really meant? Why don't they get a degree in Economics, Business, Poly Sci, and Sociology so they understand what Obama's all about?" Very few people are gonna devote thier lives to researching a candidate. It's called reality.
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09-13-2008, 09:07 AM #19
My hate is Christian love
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Jer is right. We simply dont have time guys. Originally Posted by Jerzilla!!!
Cause we are spending our time on other more important things...see the Bureau of Labor stats here...http://www.bls.gov/news.release/atus.t01.htm
For example we spend 2.62 hour a day watching TV. What do yo libroducks expect? The average american to give up some of that important TV time?
Gotta go - the replay of the last American Idol is on..
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09-13-2008, 10:37 AM #20
nonstop disco powerpack
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Originally Posted by warthog
I think this is the graph that I saw about this. TimVW.whateverthefuck from Wisconsin posted it, so it must be somewhat prObama, but it sure seems to go against what is being said.
Won't know till he is in I guess.
Current tax law is that the Bush tax cuts will expire so this is misleading.
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09-13-2008, 10:51 AM #21
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You need to find a source of data with that top range expanded to have enough information to understand... Note that this analysis lumps EVERYONE above $110K a year together, so tax changes for those making $10 million and $110 million are WAY skewing the number. I am aware that on the income tax part, Obama's plan would have tax CUTS for everyone below $250K. Originally Posted by doughboyshredder
Also, a few other things to remember regards taxes... you still pay the lower rate on the first portions of your income, it's only the parts ABOVE the cut offs that are taxed at the higher rate. At these higher rates the tax code has numerous loop holes/methods to avoid paying much of your taxes. So even if tax rates were a historically moderate 50% for incomes above $1 million dollars (they aren't), if you made that million you wouldn't be likely to end up paying anywhere near $500K in taxes.
I've often joked that I'd love to owe $5 million in income taxes, because it would mean I've made $15 to $30 million that year... And lastly, you do know that the top tax rate was 94% at one point about 60 years ago?
It's still going to be quite low historically if it bumps up 2%;
(Well, how'd I do?)Last edited by timvwcom; 09-13-2008 at 10:55 AM.
If some of the best times of my life were skiing the UP in -40 wind chill with nothing but jeans, cotton long johns and a wine flask to keep warm while sleeping in the back of my dad's van... does that make me old school?
"REHAB SAVAGE, REHAB!!!"
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09-13-2008, 11:51 AM #22
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this does not take into account any money you make via capital gains, in which case you get fucked by obama
Preserving farness, nearness presences nearness in nearing that farness
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09-13-2008, 12:28 PM #23
Carpe Skiem
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Well not exactly, unless you are quite rich and then it'd be a 5% increase Originally Posted by nick > jesus
It seems that McCain would keep the current 15% cap gains, while Obama would increase the rate to 20% for those with individual filer income above $200K and joint filers above $250K. Obama would also provide some capital gains at 0% for small businesses.
http://www.usnews.com/blogs/risky-bu...ness-vote.html
http://www.star-telegram.com/business/story/905648.html
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09-13-2008, 12:40 PM #24
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I can see both sides of the argument regards capital gains... Originally Posted by nick > jesus
But I do have one LARGE beef with the concept that capital gains should be taxed at some lower rate. Please explain to me specifically, why the "Paris Hilton's" of the world, who might make most of their income from capital gains on inherited wealth investments, rather than actual work... should be taxed at some low rate, while normal schlubs like you and me, should pay a higher rate when we actually go out and WORK for our money?
Until I see some clear rationale why this is a good thing (and admittedly I have not studied this issue in detail), I have no big problem with a tax strategy that taxes capital gains at the same rate as earned income. I don't care if you have to lower one or raise the other, but don't let "Paris" sit on the beach or dine at the cafe and pay a fraction of the taxes on her income that you and I do!!!
Please accept the following gratuitous Paris pics as a partial apology for invoking her name in a serious discussion;
If some of the best times of my life were skiing the UP in -40 wind chill with nothing but jeans, cotton long johns and a wine flask to keep warm while sleeping in the back of my dad's van... does that make me old school?
"REHAB SAVAGE, REHAB!!!"
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09-13-2008, 01:14 PM #25
Quite a simotaneous catch
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Because the rich deserve the money they "earn."
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