This is from Deloitte, one of the "big 5" of major American accounting firms.
Obama's tax plan will benefit me
McCain's tax plan will benefit me
Neither candidate's plan will benefit me
This is from Deloitte, one of the "big 5" of major American accounting firms.
Koga no Goshi
I give my Nihon Maru to TosaInu in tribute.
I stock shelves in a grocery store or work with tiny mexican children at the Y. Come to think of it due to the fact I just went to college Im unemployed. No politician cares about me
Last edited by Strike For The South; 09-26-2008 at 03:33.
There, but for the grace of God, goes John Bradford
My aim, then, was to whip the rebels, to humble their pride, to follow them to their inmost recesses, and make them fear and dread us. Fear is the beginning of wisdom.
I am tired and sick of war. Its glory is all moonshine. It is only those who have neither fired a shot nor heard the shrieks and groans of the wounded who cry aloud for blood, for vengeance, for desolation.
Neither, as I don't live in America. I'd be more inclined to support McCain's plan, however.
Everyone defines rich differently. Your description doesn't give me any frame of reference (which is fine, you are of course entitled to your privacy.) But if you aren't rich, and just think cutting rich taxes stimulates the economy and trickledown and all that, I wonder where it is. We've had 8 years for it to start kicking in.
Koga no Goshi
I give my Nihon Maru to TosaInu in tribute.
The graph leaves out a sizable part of the upper middle class. Going from a family of 4 making $80,000 to a family of 4 making $430,000 that's quite a big jump. I live in the Vampire...er...Empire State of New York, what the Feds don't take the State or multiple layers of county/city/village/town does. With the coming financial storm on Wall Street guess which State loses the most in income taxes? Yes, dear old New York. I doubt either Federal Tax Plan will help me.
"He is no fool who gives what he cannot keep to gain that which he cannot lose." *Jim Elliot*
ALL the graphs do that, I chose this one because this was the only one I found that specified differences between single/married/with kids, and I know we have a mix of all of that here. (I did notice, as a side note, that the graphs they use on right-wing blog sites only shows pure, overall tax increase percentages without specifying WHO would get those increases, so of course the conclusion is OMG Obama is raising everyone's taxes 36%!!!!! COMMUNISM!)
Example:
But since under McCain there is no change up to 430,000 and Obama's change is , relatively, insignificant at 12,000 increase at 430,000, one would assume if you make like 250 or 300 you'll stay the same or perhaps see a small increase.
Last edited by Koga No Goshi; 09-26-2008 at 07:24.
Koga no Goshi
I give my Nihon Maru to TosaInu in tribute.
My (very) casual job means I don't earn enough to pay taxes anyway. Besides, I'm Aussie.
Rest in Peace TosaInu, the Org will be your legacy
Originally Posted by Leon Blum - For All Mankind
Well, I'm unmerican as well but Obama's tax plan looks better to me.
"Topic is tired and needs a nap." - Tosa Inu
I voted Mcain cos that would mean he was in the Whitehouse which is good for Irish business which means jobs for me in Ireland. read on for my explanation
I am not able to vote in this election but as an Irish person I know that ultimately a Republican in the Whitehouse benefits Ireland because its business as usual for the big companies. Ireland is very connected to US so thats means jobs in Ireland for people like me a democrat is not bad as such for business eg Clinton for eight years and Ireland boomed along with US but it does seem that the rhetoric is on protecting jobs. How this would be done I have no idea it may have no effect on Irish companies but it could be detrimental too. Interestingly most leaders of medium to large business in Ireland which obviously include many US companies support Mcain.
They slew him with poison afaid to meet him with the steel
a gallant son of eireann was Owen Roe o'Neill.
Internet is a bad place for info Gaelic Cowboy
Neither plan will help my family very much but Obama's will certainly cost us quite a bit.
And umm.. does this not bother anyone?
I'm wondering what all these people who are so excited about their $600 "middle class tax cut" check are going to do when they're out of work because their employer's business taxes jumped double digits!
Rich would probably be defined differently in my country than yours as well, but trust me, I am middle class. I would prefer to cut rich taxes because I don't see why it is fair that they should pay a much larger percentage of tax. They're already giving a lot more money, even if they pay the same tax percentage as everyone else.
http://www.taxpolicycenter.org/publi....cfm?ID=411693
Although both candidates have at times stressed fiscal responsibility, their specific non-health tax proposals would reduce tax revenues by $3.6 trillion (McCain) and $2.7 trillion (Obama) over the next 10 years, or approximately 10 and 7 percent of the revenues scheduled for collection under current law, respectively. Furthermore, as in the case of President Bush's tax cuts, the true cost of McCain's policies may be masked by phase-ins and sunsets (scheduled expiration dates) that reduce the estimated revenue costs. If his policies were fully phased in and permanent, the ten-year cost would rise to $4.0 trillion, or about 11 percent of total revenues.
Rest in Peace TosaInu, the Org will be your legacy
Originally Posted by Leon Blum - For All Mankind
People always identify themselves as being one or two tax brackets above what they really are.
It is this, that makes people vote for tax reductions for those wealthier than themselves. Blissfully oblivous of their objective financial interests.
Rest in Peace TosaInu, the Org will be your legacy
Originally Posted by Leon Blum - For All Mankind
Pfft, I know I'm a poor slob and that's why I want higher taxes for those who can afford a yacht and a ferrari and since I'm sorta studying in the management direction I might have to pay them higher taxes myself, but guess what, I may not be able to afford a yacht for myself then but I'm sure it won't make me miss out on that PS5 and FarCry 6.
"Topic is tired and needs a nap." - Tosa Inu
Ja Mata, Tosa.
The poorest man may in his cottage bid defiance to all the forces of the Crown. It may be frail; its roof may shake; the wind may blow through it; the storm may enter; the rain may enter; but the King of England cannot enter – all his force dares not cross the threshold of the ruined tenement! - William Pitt the Elder
People made the same predictions about what revenue would be lost to Bush's tax cuts- yet if iirc tax revenue increased substantially after the cuts. It's foolish to think it's so simple as higher taxes=more government revenue and lower taxes=less revenue.
That's crazy- you're supposed to vote for whoever is promising you the biggest handouts, period.Anyways, from a more detailed chart I remember, I'll benefit more under Obama when I first get a job next year, but I support McCain's plan.
Besides, if McCain's plan means I pay more in taxes, it means I'm more patriotic- Biden says so.
Last edited by Xiahou; 09-26-2008 at 16:31.
"Don't believe everything you read online."
-Abraham Lincoln
Looking at my extended family (4 adult children, 2 grandsons) it looks like "no change" under McCain, and an net increase (but not huge) in tax under Obama.
Be well. Do good. Keep in touch.
http://alchemytoday.com/obamataxcut/
allows an actual calculation
Your Obama Tax Cut:
$896.21
This is $877.52 more than the $18.69 cut you will get from McCain.
I guess the site is accurate...$18 seems kinda ridiculous though...
Last edited by Sasaki Kojiro; 09-26-2008 at 16:39.
It is better to conquer yourself than to win a thousand battles. Then, the victory is yours. It cannot be taken from you, not by angels or by demons, heaven or hell.
There, but for the grace of God, goes John Bradford
My aim, then, was to whip the rebels, to humble their pride, to follow them to their inmost recesses, and make them fear and dread us. Fear is the beginning of wisdom.
I am tired and sick of war. Its glory is all moonshine. It is only those who have neither fired a shot nor heard the shrieks and groans of the wounded who cry aloud for blood, for vengeance, for desolation.
Ja Mata, Tosa.
The poorest man may in his cottage bid defiance to all the forces of the Crown. It may be frail; its roof may shake; the wind may blow through it; the storm may enter; the rain may enter; but the King of England cannot enter – all his force dares not cross the threshold of the ruined tenement! - William Pitt the Elder
Koga no Goshi
I give my Nihon Maru to TosaInu in tribute.
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