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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
 
bookman Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-06-08 10:09 AM
Original message
Tax Calculator
Send this along to anyone who tells you Obama will raise your taxes:

HERE’S A CALCULATOR. Put in your adjusted income and compare your tax savings under Obama and McCain
http://alchemytoday.com/obamataxcut/

If you don’t get a tax cut? Congratulations, you’re rich!


Go to factcheck.org to verify that McCain’s been lying:

http://www.factcheck.org/elections-2008/a_new_stitch_in_a_bad
_pattern.html
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muddrunner17 Donating Member (136 posts) Send PM | Profile | Ignore Sat Sep-06-08 10:25 AM
Response to Original message
1. My wife and I would get a $970 tax cut.
Not bad for 2 teachers!
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Jeff In Milwaukee Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-06-08 10:28 AM
Response to Reply #1
4. $980 for our family
And we'd have the comfort of knowing that the taxes we DID pay weren't going to support damned foolish wars.
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FogerRox Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-06-08 10:26 AM
Response to Original message
2. Its basically a retread of Clintons tax plan, under Bush the top tax rate is about 36%, CLintons was
under FDR it was 91%, Under JFK and Cater, 91% to 70%, then Reagan came in and cut it to 28%.


Reagan started the full out war on the Middle class, with unfunded mandates forcing States, Counties & Towns to raise taxes to make up the difference.

PATCO strike accelerated the erosion of Labor rights, it was an attack on Labor & Labor Unions.

Reagan doubled payroll taxes, effectively shifting tax burdens to the working and middle classes, from the wealthiest.

Progressive taxation engages the working and middle classes in the economy, regressive taxation taxes families out of the economy.

28 yrs of regressive taxes have seen 28 yrs of median individual income not keeping up with inflation, but thats just a mere coincidence, move along, nothing to see here.

Obama is moving towards tax progressivity, but if the economy really starts to falter, it'll need shock therapy, he'll have to go back to the 70% rates. Good on Obama but it doesnt bring true tax fairness back, its just not as unfair.

From the 1930's to the late 1950's the top rate was 91%, and still 70% untill Reagan came to office, that does need to be reversed.
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Fla Dem Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-06-08 10:27 AM
Response to Original message
3. This is great have been looking for something like this. Will send to all my friends
who have said the only reason they can't vote for Obama is because he will raise their taxes. I have gone to his web site for something I can send to them to show the difference between his and McCain's plan, but all they have are general concepts. I'm bookmarking and recommending. More people need to get this out to refute McCain's lies.
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