Tax Plans: Will you benefit?

**Koga No Goshi** · 09-26-2008, 03:42

Originally Posted by Evil_Maniac From Mars

Middle class. Comfortable, not even close to rich, not even close to poor.

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.

**Hosakawa Tito** · 09-26-2008, 04:24

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.

**Koga No Goshi** · 09-26-2008, 07:20

Originally Posted by Hosakawa Tito

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.

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.

**CountArach** · 09-26-2008, 07:22

My (very) casual job means I don't earn enough to pay taxes anyway. Besides, I'm Aussie.

**Husar** · 09-26-2008, 11:57

Well, I'm unmerican as well but Obama's tax plan looks better to me.

**gaelic cowboy** · 09-26-2008, 12:24

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.

**PanzerJaeger** · 09-26-2008, 13:03

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!

**Evil_Maniac From Mars** · 09-26-2008, 13:30

Originally Posted by Koga No Goshi

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.

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.