OMG Honey, we are so in debt we'll never get out. We're losing our house, our creditors are calling everyday wanting their money.. Let's do what the government's doing.. LET'S SPEND MORE MONEY and GO GET ANOTHER CAR!!! Hey, now that makes as much sense as OBAMA.
I checked the website. It leaves too many unanswered questions. It is carefully worded to imply that small businesses don't have anything to worry about. When in reality, it is only the small business OWNER, paying him/herself a SALARY less than 2K per year who HE says will not get a tax hike.
But if the business ITSELF makes more than 2K a year, almost half the profit goes to taxes. To builders that means forget that new truck you need to haul your crew to job sites. Oh! And pay raises too!
also if any small business hires in USA and not over seas get a tax cut if they have health care another cut
if they create a job in the company another cut. Bush cuts in place now trickle down to us nope big oil uped there prices at pumps & in our homes mcains cuts gives me 300. obamas over a thousand mcCain will make me pay 12 thousand for health care by making me loose health care through my Job by taxing it
also if any small business hires in USA and not over seas get a tax cut if they have health care another cut
if they create a job in the company another cut. Bush cuts in place now trickle down to us nope big oil uped there prices at pumps & in our homes mcains cuts gives me 300. obamas over a thousand mcCain will make me pay 12 thousand for health care by making me loose health care through my Job by taxing it
I base my opinion of Obama's tax plan largely on two things I've heard him say.
When he said he would raise the capital gains tax. The interviewer pointed out that revenues go down when CG taxes go up. Obama said, that didn't matter, it was about fairness.(I don't suffer from class envy so that sounds dumb.)
Then, his statement he's going to cut taxes for 95% of the people. Does he know how many people don't pay taxes? I do, so again the statement sounds stupid.
"...he's going to cut taxes for 95% of the people...[most people don't pay taxes]..."
40% of tax filers won't pay taxes in 2009 according to the Tax Policy Center. So the question is: Would 95% of workers who do pay taxes still see a reduction in taxes owed, or would that percentage drop? The answer is that it does drop, but only to 92%!!
That's right, only 3 percentage points.
See my later comment on how this is. It's simple math.
Let's say you have 100 workers. 40 of them (or 40%) don't pay taxes. That leaves 60. Now, 5 of those workers don't get a tax cut under OB's plan. So that means that 55 out of 60 workers would receive a tax cut under OB's plan, or 91.6%)
So the spread between the "95 percent illusion" you're implying and OB's claim is a measly 3-4 points.
What about that 40% that don't pay taxes and would receive a refund or "welfare" check? Well, turns out, that's also misleading. Here's why:
According to the Congressional Budget Office those making an average of $15K in 2005 (the most recent year they looked at) still pay a net average of 4.3% (or about $600) in effective federal tax rates - which includes individual income taxes, payroll taxes, corporate income taxes, and excise taxes.
That sounds more like a tax credit to me, not a refund.
Why don't we just leave things the way they are?
Continue to UNFAIRLY TAX the MiddleClass so only the Wealthy can enjoy the American Dream.
Give TAX BREAKS to Corporations who OUTSOURCE all the work to overseas countries & leave 30MILLION Americans, jobless!
Keep Healthcare prices at ASTRONOMICAL PRICES so the MiddleClass can sink into FINANCIAL RUIN when someone gets sick
Yeah ... Obama is the evil one for wanting to change any of that!
TheAntichristHoax 2 years ago
OMG Honey, we are so in debt we'll never get out. We're losing our house, our creditors are calling everyday wanting their money.. Let's do what the government's doing.. LET'S SPEND MORE MONEY and GO GET ANOTHER CAR!!! Hey, now that makes as much sense as OBAMA.
ibmgrunt 2 years ago
Why relay on this misleading and false VDO??
Go to Barack Obama's website and get the true & correct information on his tax plan.
Nothing beats the truth when you go directly to the source.
librophile 3 years ago
I checked the website. It leaves too many unanswered questions. It is carefully worded to imply that small businesses don't have anything to worry about. When in reality, it is only the small business OWNER, paying him/herself a SALARY less than 2K per year who HE says will not get a tax hike.
But if the business ITSELF makes more than 2K a year, almost half the profit goes to taxes. To builders that means forget that new truck you need to haul your crew to job sites. Oh! And pay raises too!
bookhound63 3 years ago
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librophile 3 years ago
This has been flagged as spam show
Citizens for Tax Justice, founded in 1979, is not-for-profit public interest research and advocacy organization.
Rated 100% by the CTJ, indicating support of progressive taxation.
Obama scores 100% by the CTJ on taxationissues
On the Issues 0rg interprets the 2005-2006 CTJ scores as follows:
•0% - 20%: opposes progressive taxation (approx. 235 members)
•21% - 79%: mixed record on progressive taxation (approx. 39 members)
•80%-100%: favors progressive taxation (approx. 190 members)
teton99 3 years ago
Obama reduces taxes on anyone making under
250k a year including small business
also if any small business hires in USA and not over seas get a tax cut if they have health care another cut
if they create a job in the company another cut. Bush cuts in place now trickle down to us nope big oil uped there prices at pumps & in our homes mcains cuts gives me 300. obamas over a thousand mcCain will make me pay 12 thousand for health care by making me loose health care through my Job by taxing it
stme2008 3 years ago
Obama reduces taxes on anyone making under
250k a year including small business
also if any small business hires in USA and not over seas get a tax cut if they have health care another cut
if they create a job in the company another cut. Bush cuts in place now trickle down to us nope big oil uped there prices at pumps & in our homes mcains cuts gives me 300. obamas over a thousand mcCain will make me pay 12 thousand for health care by making me loose health care through my Job by taxing it
stme2008 3 years ago
I base my opinion of Obama's tax plan largely on two things I've heard him say.
When he said he would raise the capital gains tax. The interviewer pointed out that revenues go down when CG taxes go up. Obama said, that didn't matter, it was about fairness.(I don't suffer from class envy so that sounds dumb.)
Then, his statement he's going to cut taxes for 95% of the people. Does he know how many people don't pay taxes? I do, so again the statement sounds stupid.
Txbertie 3 years ago 5
"...he's going to cut taxes for 95% of the people...[most people don't pay taxes]..."
40% of tax filers won't pay taxes in 2009 according to the Tax Policy Center. So the question is: Would 95% of workers who do pay taxes still see a reduction in taxes owed, or would that percentage drop? The answer is that it does drop, but only to 92%!!
That's right, only 3 percentage points.
See my later comment on how this is. It's simple math.
incidental74 3 years ago
Here's an example of what I mean:
Let's say you have 100 workers. 40 of them (or 40%) don't pay taxes. That leaves 60. Now, 5 of those workers don't get a tax cut under OB's plan. So that means that 55 out of 60 workers would receive a tax cut under OB's plan, or 91.6%)
So the spread between the "95 percent illusion" you're implying and OB's claim is a measly 3-4 points.
Think from yourself, not party lines
incidental74 3 years ago
What about that 40% that don't pay taxes and would receive a refund or "welfare" check? Well, turns out, that's also misleading. Here's why:
According to the Congressional Budget Office those making an average of $15K in 2005 (the most recent year they looked at) still pay a net average of 4.3% (or about $600) in effective federal tax rates - which includes individual income taxes, payroll taxes, corporate income taxes, and excise taxes.
That sounds more like a tax credit to me, not a refund.
incidental74 3 years ago