The final "Who are you going to vote for" poll

[Vedubin01]

Its the idea, only about 10 percent pay about 90 percent of the tax revenue. Our corporate tax is 2nd in the world for being the highest. Obama wants to even raise it more. There are always going a cast system per say. There will always be poor and there will always be the rich. But whats the point in taxing more the higher you go. They earned it! They take the risk of being sued, the burdens of making sure their employees get paid. Unless you ever ever worked for yourself. "1099" you expect a paycheck for working. Those on top worry if they are ever going to get paid for their work and liablity they carry. Try starting your own business and wonder if your customer is ever going to pay you, will you have enough money to stay open, worry that your employee might do something that could send you into a lawsuit... etc! I urge everyone to try to open something one day... then think of how hard you had to work to keep the little you get after everything you pay out.

[h0lmes]

Its the idea, only about 10 percent pay about 90 percent of the tax revenue. Our corporate tax is 2nd in the world for being the highest. Obama wants to even raise it more. There are always going a cast system per say. There will always be poor and there will always be the rich. But whats the point in taxing more the higher you go. They earned it! They take the risk of being sued, the burdens of making sure their employees get paid. Unless you ever ever worked for yourself. "1099" you expect a paycheck for working. Those on top worry if they are ever going to get paid for their work and liablity they carry. Try starting your own business and wonder if your customer is ever going to pay you, will you have enough money to stay open, worry that your employee might do something that could send you into a lawsuit... etc! I urge everyone to try to open something one day... then think of how hard you had to work to keep the little you get after everything you pay out.

The little you get? Even if someone making 100 million was taxed 90% they would still have 10 million. 10 million freaking dollars is enough for me to retire, right now, at 21.

[DarkWing6]

Dude Derek, if you make less than 111k a year, Obama's tax cuts will benefit you more than McCain's. Obama is only raising taxes for those that make over 111k. Considering Obama makes over 111k, he IS putting his money where his mouth is.

People need to vote objectively rather than subjectively. That is the way I did it. I ignored all the news and anybody that tried to feed me BS. Then I went online and found this nifty article right here. http://seattletimes.nwsource.com/fla...ionprimer.html and picked who I was voting for.

First of all...this is not about ME. That would be selfishness. I am in this for what is right for our country, for our economy, and according to the Constitution. (edit) And in the end the purchasing power of my dollar that I do keep will be much stronger if you are not taxing the rich as much as you can. Business built this country and it is what makes this country great. You discourage that and you will have problems. Why should I work hard if Obama will just hand it to me?

Look at Obama's PERSONAL giving record. It is terrible. Does he really care about the sick, needy, and poor? McCain has given his life to this country and I don't doubt that he would do it as the President. I have strong concerns about where Obama would like to take things.

[Vedubin01]

The little you get? Even if someone making 100 million was taxed 90% they would still have 10 million. 10 million freaking dollars is enough for me to retire, right now, at 21.

That aint shit really. Think of the liability of that person that made $100 million. What he had to take on to produce a paycheck like that. Something that big, a lawsuit could land him in jail or bankrupt. Being a company that was able to produce him that much. (Much less having stock holders vote him out based on performance) Your still young and see $10 million as a huge number. In today's life, that does not even buy you a condo in NYC or a Gulfstream jet. They work hard to obtain things such as these. In doing so employ people like you to manufacture these high dollar things. Be happy for them, they are the ones that create the dreams we all want!


On your tax curve of earning $100 million and being taxed $90 million -----

That would mean that, that person would work 1.2 months to earn $9.996 million (165 hours at a 40 hour work week!)

AND work 10.8 months to hand it over to the Government! (1728 hours with a 40 hour work week)

No man in the world is going to put almost 3/4 of a year into a job just to hand it over to Big Government!

[BobombETA]

That aint shit really. Think of the liability of that person that made $100 million. What he had to take on to produce a paycheck like that. Something that big, a lawsuit could land him in jail or bankrupt. Being a company that was able to produce him that much. (Much less having stock holders vote him out based on performance) Your still young and see $10 million as a huge number. In today's life, that does not even buy you a condo in NYC or a Gulfstream jet. They work hard to obtain things such as these. In doing so employ people like you to manufacture these high dollar things. Be happy for them, they are the ones that create the dreams we all want!


On your tax curve of earning $100 million and being taxed $90 million -----

That would mean that, that person would work 1.2 months to earn $9.996 million (165 hours at a 40 hour work week!)

AND work 10.8 months to hand it over to the Government! (1728 hours with a 40 hour work week)

No man in the world is going to put almost 3/4 of a year into a job just to hand it over to Big Government!

10,000,000 * .03 = $300,000 a year in interest. You would live very comfortably off of that. That is enough for 5 families to live off of...

[Vedubin01]

10,000,000 * .03 = $300,000 a year in interest. You would live very comfortably off of that. That is enough for 5 families to live off of...

Ok sounds good but you forgot the tax.

You worked hard to Make $100 million, to walk with $10 million after taxes. You say invest your $10 million you netted at .03% to yield the $300k that you say a family of 5 could live off of.

Well interest is also taxed as income at the same 90% because your in the highest tax bracket ever.

So that $300k is now a return of $30k net, well less than a family of 5 could live comfortable.

Not that much of an investment if you ask me!

There becomes a point where it does not pay to work more. You are only working for someone else to sit on his/her ass! To me I would work less to pay less! But thats just me!

[BobombETA]

Ok sounds good but you forgot the tax.

You worked hard to Make $100 million, to walk with $10 million after taxes. You say invest your $10 million you netted at .03% to yield the $300k that you say a family of 5 could live off of.

Well interest is also taxed as income at the same 90% because your in the highest tax bracket ever.

So that $300k is now a return of $30k net, well less than a family of 5 could live comfortable.

Not that much of an investment if you ask me!

There becomes a point where it does not pay to work more. You are only working for someone else to sit on his/her ass! To me I would work less to pay less! But thats just me!

I'm not sure where you are getting this 90% income tax from. 35% is the most you would pay for income tax in 2008. For short term capital gains, you are taxed at the same rate of your income tax, less for lower income levels. Long term capital gains are taxed the least.

And being a small business owner has far more tax advantages than a non business owner. Most business related expenses are tax deductable, including your vehicles and gas, and those lawyer fees you mentioned.

My point is that the only thing stopping someone being an entrepreneur, is a bright idea and the initiative. Capitalism will always be king in this country.

[DarkWing6]

My point is that the only thing stopping someone being an entrepreneur, is a bright idea and the initiative. Capitalism will always be king in this country.

How can you support Obama and Capitalism in the same breath? Socalism (spread the wealth, which Obama is openly on board with) is the opposite of Capitalism. Socialism allows people to sit on their ass while Capitalism makes you actually work and earn your money. Those in real need will be taken care of under a Capilaistic society. Join me and smaller gov't on our quest to make America actually care about taking care of itself and not live off of others.

[BobombETA]

I don't see how tax cuts for 95% of the population is a bad thing. Consumer spending (70% of the economy) is at an all time low. Keeping more money in the pockets of 95% of the population is a step in the right direction.

/rant

And the whole socialism thing... I'm willing to bet alot of the people who complain about government programs, will one day rely on one. Possibly through no fault of their own. Especially social security and medicaid. Shit happens, it's all part of taking risks, a cornerstone of capitalism.

I work part time as a teller, (in a very Republican, and economically depressed county) and I cash people's Social Security checks while they simultaneously call Obama a socialist. What a double standard, their entire livelihood is from the government!

/end rant



That being said, I'm voting with three issues in mind:

Middle class tax breaks.
Supreme Court appointments.
Foreign Policy.

[Vedubin01]

I'm not sure where you are getting this 90% income tax from. 35% is the most you would pay for income tax in 2008. For short term capital gains, you are taxed at the same rate of your income tax, less for lower income levels. Long term capital gains are taxed the least.

And being a small business owner has far more tax advantages than a non business owner. Most business related expenses are tax deductable, including your vehicles and gas, and those lawyer fees you mentioned.

My point is that the only thing stopping someone being an entrepreneur, is a bright idea and the initiative. Capitalism will always be king in this country.

That example was based on the example above and when making that much money your paying more than the 35% you claim....

[BobombETA]

That example was based on the example above and when making that much money your paying more than the 35% you claim....

Not in income tax.


When the Bush tax cuts were passed in 2003, the highest tax bracket pays 35% in income tax.

Obama wants to raise that by 11%, or roughly the same rate (actually 4% lower) that Reagan set them at when he inherited the recession of the early 80's.

[Vedubin01]

Not in income tax.


When the Bush tax cuts were passed in 2003, the highest tax bracket pays 35% in income tax.

Obama wants to raise that by 11%, or roughly the same rate (actually 4% lower) that Reagan set them at when he inherited the recession of the early 80's.

Better hope you dont have to pay state income tax! 35% is federal....

[BobombETA]

Yeah I pay a state income tax of 5%... New York in general is expensive, although upstate has some really affordable homes.

However, I attend a SUNY college (state funded), so I'm able to take advantage of some really affordable tuition.

It will all even out in my eyes though, when Obama takes office and my federal income taxes drop 3.6%. :)

[Vedubin01]

Just remember that the Bush tax cut drops off in 09! So factor that back in!


And with that degree you are working on.... dont work so hard. Because you would be helping those that rather smoke pot and play Xbox than get off the sofa and work for a living!

[Maluco]