Comparing the Obama and McCain Tax Plans

[obamamaniacs]

McCain doesn't have a tax plan.

[ginamarie214]

250,000

200,000

150,000

120,000

What will it be on jan 20th if Obama wins? Vote Mccain/Palin

[muzalot]

what's wrong with the redistribution of wealth concept?

EVERYTHING!

first you need to define who are the wealthy.. don't confuse the robber barons of modern times with those who earn their money and create jobs.. Obama wants to give bloated bureaucracy absolute power over the spirit of free enterprise, ultimately killing the goose that laid the golden egg..

[muzalot]

second, under Obamas plan even lower income people lose out when its time to sell their family home.. what they spent a big part of their lives investing in, and what would be a once in a lifetime windfall profit for them, gets taxed and double taxed.

[tojoseal]

I have a degree in education Health and Physical Education/Science, but even I can deduce that the idea of building an economy by throwing some petty cash to median income people does not spawn economic growth. No one making 30 to 45K a year employs people we are employees. Look at the last stimulus given to the middle class and the effect it had on the economy. you have to make it as easy as possible for the producers in this country to keep producing.

[R0YB0T]

Obama is reversing what Bush did wrong to make the tax levels back to Clinton levels.

What is it like 3%? And all of these rich people are crying and yelling?

[y0udumba55]

Wheres the facts in this video? I didn't see anything but a bunch of empty claims.

As for corporations paying a 35%/25% tax rate there are none. Warren Buffet offered 1 million $ to any of the Forbes 400 that could prove they pay more then what he payed(17.9%).

None of them came forward to claim the prize.

[AverageVoter]

If you want to learn about what ACORN has done and other great election fraud examples, get a copy of Stealing Elections by John Fund.

As an aside, it is not racist to question whether an untested, inexperienced Senator with no meaningful legislative record and no military experience should be our President.

Obama = Change You Will Be Forced To Believe In.

[SlimSh8E]

The Heritage Foundation is closely associated with "Reaganomics" or the trickle down theory. The basic idea is that you take care of those at the top of the economic ladder because they are the ones that create jobs and of course are also overwhelmingly benevolent. How do you like how it's working so far? They are decidedly right and pro-Republican, so of course they cannot find anything good about Obama's tax plan. Heaven forbid that we should recognize the middle class as the economic engine.

[SlimSh8E]

No this is not surprising coming from the Heritage foundation. Of course when you quote that the U.S. corporate tax rate "is the second highest in the industrialized world" you do not take into account that because of loopholes and special interest laws they are paying that rate on LESS which makes the rate one of the lowest. It's simple really. Would you rather pay 25% on a dollar "profit" or reduce that profit to 50 cents and pay 35%? So the argument is bogus when you ignore the loopholes.

[JuggernautJeep]

Your face your tie your shirt even the books behind you they all scream "im not a professional" on top of that, "Im reading this off a dumby card" and lastly, "lies stacked on top of more lies,"

[ubuibiok]

This is a Flat out Lie, GDP = C + I + G + (X-M) M will be offset by Job Growth which is omitted

Obamas plan is a Basic Growth and Stimulus Package aimed a a Broad consumer market that would increase 7 to 8 more jobs then McCain's.

Remember this, there is no, zero, incentive under McCain to retain Domestic employment and it rewards consolidation of wealth-no Jobs

Obama generates millions of spenders and a greater volume of product purchases and an increase in Jobs to service the expenditure.

[AlanCom1]

@ubuibiok.

you make a mistake in your assumptions.

How can Obama grow C and G at the same time, without affecting investment when you assume that technological improven is given?

You say that McCain plan rewards wealth consolidation? You are a half-baked Keyenesianist. You don't say anything about the fact that you hero Keynes' model suggests that saving = investment = job growth.

What about the disincentive to work under higher taxes?

Go back to your econ 101 books. You just got an F.

[ubuibiok]

@AlanCom1

C-For food and medical expenses are already rising and G-the sum of government weapons cost for the military to rebuild from our Iraq losses and the government money for the bailouts is also going up.

WIKI the formula.

Your reference to "disincentive to work under higher taxes?" is a myth. If the holder of wealth doesn't invest it, their Bankers will.

Investiture by myself and others allow us to grow our succumb to inflation. Go ahead, avoid that next tax bracket if you want to.

[Tralgit]

What Obama wants has been going on for years in Europe, unfortunately he forgets to invest in the production/education side. What you get is a short spurt in economic growth that collapses due to the lack of foundation to pay for that growth. So don't make the same mistake, first get the foundation right before you spend the money.

[NiemandBinich]

The Obamessiah says, "Thou shalt eat of pie that thou bakesth not."

I say thou shalt not covet thy neighbor's pie.

[proteanview]

All of this is irrelevant as long as we allow the Federal Reserve to own us. We need to exterminate the Rothschilds, Warburgs, Kuhn, Loeb, Seiff, Lehmans, JPMorgans, Rockefellers. Dems/GOP are two sides of the same coin. We fight over Islamic extremists and Christian fundamentalists. No one says a word about Jewish extremists (Bernanke, Greenspan, Feith, Podhoretz, Wolfowitz, Rothschild, Perle, Kristol, Central Banks). Will Sundan, Cuba, N.Korea, Iran, Syria get a central bank in WW3?

[NCAD]

bullshit

[zitan17]

but we wont need to get jobs. the rich will pay our bills and we can just stay home and play video games.