McCain and Obama's tax plans laid out in a graph

[DarkWing6]

Fyi:
The "rich people" don't pay you... A company does:

If your employer (who is also the owner of a said company) pays himself a healthy chunk of the retained earings of company X, that is his/her call, and that is what they will be personally taxed on and has nothing to do with the money being spent on employees.
The corporation will pay you and be taxed on profit which will decrease if they spend more money paying you, the employee.
What is scary is the reduction of purchasing power of the lower & middle class: under 100k (which is who obama is giving a tax break too... per the article), once this buying force drops out (if their taxes increase or they loose their job), the economy will no longer have the necessary recources to generate money/jobs/etc.
Give tax breaks to the rich... they will more than likely save more (I have an article to back this up.. but don't have a link at the moment)... In other words will stay in some CD (and loaned back out to poorer people) or be but in some blue chip mutual fund.

First of all the company needs to have some retained earnings to pull from for that "rich" owner. Increased taxes take directly from the RE, so when the "rich" guy wants to go get his paycheck and there is nothing there he has two choices, increase income (higher prices for you and me) or decrease expenses (cutting jobs for you and me).

When we are not talking about the direct owners and we are talking about upper management, exectives, or whoever tends to be the "rich" in companies, those aren't usually the first jobs to go when times get tough. When the owner says "cut some jobs" it usually starts by thinning out the entry level jobs (these are the people that are "benefiting" from Obama's wonderful tax plan).

You are right on about the poor purchasing power of those making under 100K. See above about how the owners of these companies needing to increase income will make our purchasing power much worse. The rich will continue to net the same that they do now when taxes go up. The increase taxes will find there way to you and I.

The rich are wise with their money, which is how they got where they are. They save and invest (it is called planning for your future and living within your means). They save enough to fall back on when hard times happen (the poor and middle class can do this too if we live within our means), but they invest to create more wealth for themselves. These investments benefit us all. They start companies by spending the money they have worked for (you could also look at this as risking the money they worked for). This creates a business that provides jobs and products to you and I. You can also thank the rich for saving our economy in hard times becasue they are the ones that pour all that "saved" money into the economy when it hits the crapper (ask Mr. Buffett and Mr. Dell about 9/11).

[eric (^__^)]

looks like if you fall in the lower three brackets, Obamas your man money wise.

but see, the argument is that the people in the higher tax brackets will fire the people in the lower tax brackets because they can't afford to pay their salaries any longer

the lowest brackets won't really be affected though, since those jobs aren't going anywhere. The middle class are really those who need to be cautious here, but now that the damage has been done...

[Turf1600]

and after crafting that post you still sit there and claim youre voting for obama?
i thought you were a reasonably intelligent guy. what you hate is what obama is going to do

Like my vote matters anyways? I live in TX. McCain is going to win regardless. You have to understand - Whoever I vote for regardless of party is only going to share 50% of my beliefs.

I like McCain. I do not like Palin. I've been impressed with Obama - particularly his speeches regarding religion. I think Biden is alright. Either way this goes is fine with me. I'll get tax breaks either way. This election won't change my life much, if at all.

[eric (^__^)]

Apathy never felt so good!

[rwh11385]

Like my vote matters anyways? I live in TX. McCain is going to win regardless. You have to understand - Whoever I vote for regardless of party is only going to share 50% of my beliefs.

I like McCain. I do not like Palin. I've been impressed with Obama - particularly his speeches regarding religion. I think Biden is alright. Either way this goes is fine with me. I'll get tax breaks either way. This election won't change my life much, if at all.

Who was the fruity liberal who said churches were McCain training camps? Idiots.

Palin is the loony right wing gal to appease all the conservatives in order for them to go with McCain, and she's easy on the eyes, and women who are married to successful businessmen are like, oh, she's a mom!

But seriously, give me a non-Ron Paul'ed libertarian and they'd get my vote.

Keep out my paycheck, and keep out of our social lives guvment. And let my friends have their guns.

[kylebes1]

If a person is making over a million that means they have power in their company. If taxes are increased on these guys don't you think they will just help themselves to a little more income?

Republicans feel that if they keep the top fat that the top will take care of those below. BULL SHIT. Money floats and shit sinks.

How long has the economic policy cared for the rich and those that can care for themselves? With that answer in mind how long have those below been asking for help? A long fucking time. I call it modern feudalism.

Stop helping the rich help themselves. Help those that need help and let the rich keep doing what they are doing. McCain is not going to do that, no matter what he says. Obama says he will, but might not. I will bet that if McCain is president that things will remain the same or worsen. If Obama is president things may stay the same, but there is a possibility that things will improve.

[BenM]

Keep the fuck out my paycheck, and keep the fuck out of our social lives guvment. And let my friends have their guns.

I can't believe I actually agree with you.

[CorvallisBMW]

Who was the fruity liberal fuck who said churches were McCain training camps? Idiots..

That would be me. And proud of it.

...and keep the fuck out of our social lives guvment....

So how do you feel about gay marriage then? What's more invasive then the 'guvment' telling you who you can and cannot marry?

If you still think that McCains tax policy will help the economy, I beg you to turn around and look at the last 8 years. We had a replublican administration and a republican controlled congress for 75% of the time. They passed huge tax cuts that greatly favored the rich, exactly like that McCain is proposing. And look where we are now: In the shitter. You can spout off all of the crackpot theory you want, but the reality of the situation is right in front of you. The last 8 years are living, breathing proof, no matter how many right-wing articles you link. The real world trumps your little textbook reciting shit.

[Turf1600]

Who was the fruity liberal fuck who said churches were McCain training camps? Idiots.

Palin is the loony right wing gal to appease all the conservatives in order for them to go with McCain, and she's easy on the eyes, and women who are married to successful businessmen are like, oh, she's a mom!

But seriously, give me a non-Ron Paul'ed libertarian and they'd get my vote.

Keep the fuck out my paycheck, and keep the fuck out of our social lives guvment. And let my friends have their guns.

I'm with you here. I guess the social part weighs heavier with me than the fiscal part.

[rwh11385]

That would be me. And proud of it.



So how do you feel about gay marriage then? What's more invasive then the 'guvment' telling you who you can and cannot marry?

If you still think that McCains tax policy will help the economy, I beg you to turn around and look at the last 8 years. We had a replublican administration and a republican controlled congress for 75% of the time. They passed huge tax cuts that greatly favored the rich, exactly like that McCain is proposing. And look where we are now: In the shitter. You can spout off all of the crackpot theory you want, but the reality of the situation is right in front of you. The last 8 years are living, breathing proof, no matter how many right-wing articles you link. The real world trumps your little textbook reciting shit.

I could have guessed it. Is your degree going to be printed on hemp? (if you ever graduate?)

I'm for freedom. I have plenty of gay friends and they should be allowed to marry if they find the right man just as much as I have the freedom to marry when I find the right girl.

You are farrrrrr too uninformed to understand economics and how the past 8 years are much less the effect of any tax policy and more of global macroeconomic developments, as well as stupid democrat policies of the past come to bite us in the ass. Maybe if you even had an ounce more clue than you have pot smoked in the last week, you'd be able to understand the complicated nature of economics.

[eric (^__^)]

the gay friends card should save us from this thread derailment

[rwh11385]

If a person is making over a million that means they have power in their company. If taxes are increased on these guys don't you think they will just help themselves to a little more income?

Republicans feel that if they keep the top fat that the top will take care of those below. BULL SHIT. Money floats and shit sinks.

To have a success business, you typically need to have good employees to work there. In times of success, there is competition for qualified employees. Hence, benefits to attract them. If the economy sucks because government is mesing with businesses, then there won't be that same incentive. What's your solution? The government force things on businesses? Oh great, make them less competitive globally, and put people out of jobs so more people will need welfare. Awesome.

You got fired from TacoMac. STFU.

How long has the economic policy cared for the rich and those that can care for themselves?

So you are in favor of socialism and having people not being able to take care of themselves so the government takes control and does it for them??!?!??!?!??!?!

[Julien]

First of all the company needs to have some retained earnings to pull from for that "rich" owner. Increased taxes take directly from the RE, so when the "rich" guy wants to go get his paycheck and there is nothing there he has two choices, increase income (higher prices for you and me) or decrease expenses (cutting jobs for you and me).

When we are not talking about the direct owners and we are talking about upper management, exectives, or whoever tends to be the "rich" in companies, those aren't usually the first jobs to go when times get tough. When the owner says "cut some jobs" it usually starts by thinning out the entry level jobs (these are the people that are "benefiting" from Obama's wonderful tax plan).

You are right on about the poor purchasing power of those making under 100K. See above about how the owners of these companies needing to increase income will make our purchasing power much worse. The rich will continue to net the same that they do now when taxes go up. The increase taxes will find there way to you and I.

The rich are wise with their money, which is how they got where they are. They save and invest (it is called planning for your future and living within your means). They save enough to fall back on when hard times happen (the poor and middle class can do this too if we live within our means), but they invest to create more wealth for themselves. These investments benefit us all. They start companies by spending the money they have worked for (you could also look at this as risking the money they worked for). This creates a business that provides jobs and products to you and I. You can also thank the rich for saving our economy in hard times becasue they are the ones that pour all that "saved" money into the economy when it hits the crapper (ask Mr. Buffett and Mr. Dell about 9/11).

Do you have any management education? Seems you are a bit off on the workings of a company.

[Julien]

There's a difference between jobs that should be outsourced to maintain competitiveness (especially with min wage increases) and then making companies want to get the fuck out. US has the 2nd highest corporate tax rate, plus idiots fighting for power who think that successful businesses should be punished with "windfall profits" taxes...

I could think of a few more economically free nations right now. (granted a lot of that is because of defense spending, but still). But I enjoyed work in the UK

First point: bullshit
Second point: Cost of living in the UK is rediculous.. did you actually live a sustainable life there for a year or two or just have drunken fun for a summer?

[DarkWing6]

Do you have any management education? Seems you are a bit off on the workings of a company.

In what way?