4 ms·

"[39.6 per cent] is what it would be under Obama's proposal, what it was under President Clinton, and, for that matter, what it will be after 2010 if President

by sc 18y ago

"[39.6 per cent] is what it would be under Obama's proposal, what it was under President Clinton, and, for that matter, what it will be after 2010 if President Bush's tax cuts expire on schedule." "During the 2000 campaign, on MSNBC's 'Hardball,' a young woman asked [McCain] why her father, a doctor, should be 'penalized' by being 'in a huge tax bracket.' McCain replied that 'wealthy people can afford more' and that 'the very wealthy, because they can afford tax lawyers and all kinds of loopholes, really don't pay nearly as much as you think they do.' The exchange continued: YOUNG WOMAN: Are we getting closer and closer to, like, socialism and stuff?... MCCAIN: Here's what I really believe: That when you reach a certain level of comfort, there's nothing wrong with paying somewhat more" http://www.newyorker.com/talk/comment/2008/11/03/081103taco_talk_hertzberg http://www.newyorker.com/talk/comment/2008/11/03/081103taco_...

viggity 18y ago
Right, I understand that it is to be expected that the rich will pay more under a progressive tax system. I have mixed feelings about this, but am generally ok about it. The difference between Clinton and Obama is that Clinton didn't hand my hard earned cash directly over to anybody else. Instead he spend money on technical skills training or food stamps for the poor.
- noodle 18y ago
  mccain also voted for the relief checks...
  - viggity 18y ago
    I wasn't a fan of the relief checks and am not thrilled about McCain. But at least you had to pay taxes in order to get a relief check.
    - noodle 18y ago
      i just went digging into all materials i could find on this issue. from what i can tell, the $500-1k proposed stimulus and tax rebate is, essentially, the exact same thing as the last one. information will be based on 2007 tax reports. you must have previously paid taxes to obtain a check, just like the last round. i'm not 100% clear on how this check factors into your 2008 taxes, but from the looks of it, it might act as, essentially, a retroactive tax cut from 2007. if you paid your taxes last year, you'll get another check. but i'm not an expert and would like to see any information showing something contrary to what i've just said.
      - viggity 18y ago
        You must have filed a tax return. 40% of people already don't pay income tax. His plan would still give them the $1000 check. And for the record, the first rebate program was a bunch of crap too.
        jaxn 18y ago
        What about the Child Tax Credit? Same thing. The goal is to ensure a better quality of life for the children. Also, any increase in taxes is really for very few. In addition to my startup I also own two retail clothing stores that gross over $1.5mm each year. Yet, my share of the net profit is below $250k. Then there is the health care deduction. I would get that deduction for all of the employees I am already providing health insurance for. And what about Obama's proposal to eliminate capital gains taxes for small businesses? I haven't seen the details, but the only way for a small business to incur capital gains taxes is by selling assets. I would think a bunch of people working to create companies that they can possibly sell for a large sum would be in favor of eliminating that tax.
- krschultz 18y ago
  Then what does that make McCain's $5,000 health care tax credit?

by sc 18y ago

viggity 18y ago

Right, I understand that it is to be expected that the rich will pay more under a progressive tax system. I have mixed feelings about this, but am generally ok about it. The difference between Clinton and Obama is that Clinton didn't hand my hard earned cash directly over to anybody else. Instead he spend money on technical skills training or food stamps for the poor.

noodle 18y ago
mccain also voted for the relief checks...
- viggity 18y ago
  I wasn't a fan of the relief checks and am not thrilled about McCain. But at least you had to pay taxes in order to get a relief check.
  - noodle 18y ago
    i just went digging into all materials i could find on this issue. from what i can tell, the $500-1k proposed stimulus and tax rebate is, essentially, the exact same thing as the last one. information will be based on 2007 tax reports. you must have previously paid taxes to obtain a check, just like the last round. i'm not 100% clear on how this check factors into your 2008 taxes, but from the looks of it, it might act as, essentially, a retroactive tax cut from 2007. if you paid your taxes last year, you'll get another check. but i'm not an expert and would like to see any information showing something contrary to what i've just said.
    - viggity 18y ago
      You must have filed a tax return. 40% of people already don't pay income tax. His plan would still give them the $1000 check. And for the record, the first rebate program was a bunch of crap too.
      - jaxn 18y ago
        What about the Child Tax Credit? Same thing. The goal is to ensure a better quality of life for the children. Also, any increase in taxes is really for very few. In addition to my startup I also own two retail clothing stores that gross over $1.5mm each year. Yet, my share of the net profit is below $250k. Then there is the health care deduction. I would get that deduction for all of the employees I am already providing health insurance for. And what about Obama's proposal to eliminate capital gains taxes for small businesses? I haven't seen the details, but the only way for a small business to incur capital gains taxes is by selling assets. I would think a bunch of people working to create companies that they can possibly sell for a large sum would be in favor of eliminating that tax.
krschultz 18y ago
Then what does that make McCain's $5,000 health care tax credit?