Calculate your Obama tax cut

[BigRob]

Now we know why Rob is a Republican...he's an elitist.

Obama would not get a tax cut under his plan either, so by definition,
Obama = Elitist

 

[Popeye]

Obama would not get a tax cut under his plan either, so by definition,
Obama = Elitist

I'll give you that one. Actually all politicians are elitists.

 

[GenSeneca]

Now we know why Rob is a Republican...he's an elitist.

You must have missed the point... the FACT... that taxes affect ALL classes, no matter WHO you pass the tax against, it hits the little guys the hardest.

 

[top gun]

No matter which asshole gets it... they both want Cap & Trade which will quadruple energy costs - to make Alternatives economically competitive. That's a HUGE "hidden" tax Obama is not accounting for....

Obama will also drive out jobs by raising so many taxes "On the Rich"

Obama's policies are historically proven to be disastrous... What good is it going to do me to not pay taxes when I can't afford to heat and cool my home or drive anywhere... thats IF I still have a job.

You mean historically disastrous like the 8 straight great years of the economy under President Clinton...

and the 8 magnificently steadily worsening to terrible economic years under George Bush.

Hey... I'm getting this Republican day is night talking point crap down pretty good!

 

[GenSeneca]

You mean historically disastrous like the 8 straight great years of the economy under President Clinton...

and the 8 magnificently steadily worsening to terrible economic years under George Bush.

Hey... I'm getting this Republican day is night talking point crap down pretty good!

You've ALWAYS been good at distorting the truth...

The Internal Revenue Service provides data on their web site (www.irs.gov) on the percentage of income taxes paid by high-income taxpayers out of all income taxes. Anyone can obtain this information. Many who do will be surprised to learn that the top 1% of income earners paid 39.4% of all income taxes in 2005, the latest year for which such data is available. That is the highest percentage of all income taxes that this group has paid since 1986, when their share stood at 25.7%.

The top five percent of income earners paid 59.7% of all income taxes in 2005, which was the highest percentage in the past 20 years. Tax share records were also set by the top 10, top 25 and top 50% of income earners. In other words, every category of high income taxpayer as defined by the IRS paid a higher share of taxes in 2005 than they have since 1986, the earliest date for which the IRS provides data.

Of course, a taxpayer’s share of all income taxes could go up, but the percentage of their own income paid in taxes could go down. Has that happened? If the Bush tax cuts did for all taxpayers what they were intended to do, then the answer would be yes, and it is. The Congressional Budget Office (CBO) analyzed the effects of the Bush tax cuts by estimating the percentage of household income that typical households all across the income distribution paid in all federal taxes, including income taxes. By this measure, the percentage paid in income taxes (the so-called effective tax rate) was lower in 2005 for every group than it was in 2000. For example, the middle fifth of the population had an effective tax rate in 2000 of 5% and a rate in 2005 of 3 %. The top 20% had an effective rate of 17.5% and 14.1% in 2005.

That’s a lot of numbers. Suffice it to say that most taxpayers paid lower taxes in 2005 than in 2000. So, high income taxpayers are shouldering a greater share of income taxes paid, but they -- like all other taxpayers -- are paying at a lower rate on their own income.

Clinton was only able to have a surplus by GUTTING the military and REFORMING entitlement programs.... Obama's proposed nearly 1 Trillion in NEW SPENDING and wants to give away another TRILLION to foreign countries - to subsidize their failed socialist programs.

Windfall profits tax... Thats ALL OBAMA! What happened the last time we had one? Well, we have to go back to Carter - Clinton wasn't DUMB enough to enact one because he knew they lead to disaster:

Oh geez... they DIDN'T WORK!!! Well, lets have the MESSIAH give it a shot! Nothing like trying the SAME OLD FAILED POLICIES OF THE PAST IN HOPES OF HAVING A DIFFERENT OUTCOME.

 

[Pandora]

You've ALWAYS been good at distorting the truth...



Clinton was only able to have a surplus by GUTTING the military and REFORMING entitlement programs.... Obama's proposed nearly 1 Trillion in NEW SPENDING and wants to give away another TRILLION to foreign countries - to subsidize their failed socialist programs.

Windfall profits tax... Thats ALL OBAMA! What happened the last time we had one? Well, we have to go back to Carter - Clinton wasn't DUMB enough to enact one because he knew they lead to disaster:

Oh geez... they DIDN'T WORK!!! Well, lets have the MESSIAH give it a shot! Nothing like trying the SAME OLD FAILED POLICIES OF THE PAST IN HOPES OF HAVING A DIFFERENT OUTCOME.

Well the last time it was tried, it was just by a normal human, if the Messiah does it, it will work. And if it doesn't it will be the problem of the next presidents to fix