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

[eric (^__^)]

*raises hand*

[kylebes1]

Your personal attacks continue... you must really like your money.

Look I am not asking for anything from anyone. My job keeping ability is not part of this discussion, and could be reviewed for reality if you want to come over and paint your nails with me. Let's try to get along.

I am not saying you do not give, maybe you do. Don't point such a hard finger at those that want different things than you do. If you owned me at any point I am not really sure what you or anyone else can base that on.

This thread and all the others under the political umbrella continue and end in the same way. Several people air their opinions someone's blood pressure sky rockets. The world spins just as fast as it did before we did our yelling.

Viva La rev

[z31maniac]

This thread and all the others under the political umbrella continue and end in the same way. Several people air their opinions someone's blood pressure sky rockets. The world spins just as fast as it did before we did our yelling.

Viva La rev

True dat, which is usually why I don't respond.

Except arguing politics on the intrawebZ hardly raises mai blood pressuuh.

[Charlie]

You mean the guy that is working this job as he works his way through college. Oh ya, great comeback buddy. I'll let you know how things work out when I finish my degree next month.

Seeing that I am 22, married, graduating from UW with my accounting degree, own 3 cars, am already pouring money into my 401K, and will be buying a house in the somewhat near future I think I am doing ok.

Pretty sure that puts me on track for your big $100K benchmark you've got setup.

Outta curiousity, how does one "pour money" into a 401k from what can't be a great paying job.

Second off, why would you be "pouring money" into this market & a 401k over the past 2 years? Anyone could have seen how badly the market was gonna correct itself. Hell, I deliberately cut back on my contributions since the end of '06 for this very reason. The market was out of wack with the rest of the economic indicators.

-Charlie

[DarkWing6]

Your personal attacks continue... you must really like your money.

Look I am not asking for anything from anyone. My job keeping ability is not part of this discussion, and could be reviewed for reality if you want to come over and paint your nails with me. Let's try to get along.

I am not saying you do not give, maybe you do. Don't point such a hard finger at those that want different things than you do. If you owned me at any point I am not really sure what you or anyone else can base that on.

This thread and all the others under the political umbrella continue and end in the same way. Several people air their opinions someone's blood pressure sky rockets. The world spins just as fast as it did before we did our yelling.

Viva La rev

I haven't personally attacked you once, so please don't bundle me with those that have. I simply disagree with what you are saying. I have provided a logical argument showing why I believe you are wrong and why I believe I am right. If you want to debate or discuss your beliefs please do so instead of just posting about how you dislike the way people acting and continuing to go on like we are all a bunch of idiots.

[DarkWing6]

Outta curiousity, how does one "pour money" into a 401k from what can't be a great paying job.

Second off, why would you be "pouring money" into this market & a 401k over the past 2 years? Anyone could have seen how badly the market was gonna correct itself. Hell, I deliberately cut back on my contributions since the end of '06 for this very reason. The market was out of wack with the rest of the economic indicators.

-Charlie

I reference pouring as a percentage of my income. Also, I just started my 401K at the beginning of this year when my company began a matching program. Even with the poor market condition I am still coming out ahead because of the additional money that I have received as the matching program. My 401K also being a Roth will be very beneficial down the road because I don't plan on retiring in the same tax bracket that I am in right now.

In 30+ years when I retire the market will be higher than it is now and even where it was at when it was very inflated. While one could wait, it makes sense to at least take full advantage of free money (the matching program).

[Old'n'Slow]

every republican is a fiscal conservative...

ORLY?

Only when it comes to their own personal finances, I suppose. But taxpayer money? Gimme!

And for those of you who ramble on about Obama's supposed socialistic tendencies, do you favor the current system which spreads the costs of business losses among the public, while privatizing the profits? Have you forgotten about the AIG resort/spa bill? They are not paying the piper. We are. Short-sighted greed got us here. While I am absolutely against the bailout, I understand something had to be done. But in the future, I would like it to be clear to all businesses-if you fail, you fail. Period. No taxpayer money for propping up a failed business strategy.

[Jamil]

I believe a real problem in this country isn't the middle class getting squeezed, but the middle class being pissed they can consume more by choice. When was the last time people focused on being frugal or living intelligently below their means? How many people who have okay jobs ever are conservative when it comes to newer cars, new phones, new HDTVs, new computers, new clothes, etc. etc or eating out all the time, even fast food. Are the people whining about their $35,000 jobs making ever meal at home and watching basic cable? Or are they getting prepared food and drinking and watching Entourage? Or being pissed their SUV gets shitty mpg while downing $4/gal gas? Teachers usually know hot to be on tight budgets and admit it... or marry for money. But not the average American, they typically bitch at "corporate america" to complain about their situation, ask the politicians, like Obama, for tax cuts, or blame immigrants for competing with them!

So just out of curiosity based on the example you gave above; in your opinion the middle class lives in a culture of consumerism and spends too freely. I happen to agree, but from an economic standpoint if they were to stop buying the new phones, TVs, computers, clothes, and eating at restaurants wouldn't that hurt corporate america much more than giving them tax cuts? America's economy has a huge dependence on the purchasing power of the middle class.

[rwh11385]

So just out of curiosity based on the example you gave above; in your opinion the middle class lives in a culture of consumerism and spends too freely. I happen to agree, but from an economic standpoint if they were to stop buying the new phones, TVs, computers, clothes, and eating at restaurants wouldn't that hurt corporate america much more than giving them tax cuts? America's economy has a huge dependence on the purchasing power of the middle class.

Well, when the economy corrects, consumption wouldn't hit a major crisis when there are no reserves or expandability. Spending more than they have creates an bigger issue in a price increase (like when global demand bumps it up) versus when they are ready for it.

Also, lowering personal consumption and giving to charity leads to spending on something, or someone's salary at an NPO which in the end leads to consumption of something.

There may not be a new HDTV but some at the United Way can get paid and buy groceries, or buy whatever needs of the person they help. It doesn't end purchasing, it shifts it.

Even if it is sitting in a savings account, that increases the money supply and then people can invest easier without the Fed having to artificially lower the interest rates.

The culture of over consumption in the middle class makes them selfish typically and adds to the volatility of the business cycle, as well as the power of fear when people are not ready for anything. I'd give up a little consumption spending for savings and stability. Less money may be paid in taxes if people give to a 503(c), but that money likely goes to a cause that reduces the need for government (whether it is helping the needy, for education, or whatnot)

[eric (^__^)]

I've been saying this for years: tax garage sales!