Do you know how Obama's tax plan will effect you personally?

Question

My family will get a 2300 tax cut.

http://alchemytoday.com/obamataxcut/

Answer 1

Yes, we will all be better off!

Come on people we are spending 10 billion a month in Iraq

how do you expect that we pay for this????  Do we just keep

brrowing money form China?  The American doller has no

value and the more money we owe the less value our doller

has.

Answer 2

First off Obama wants to tax big and small businesses....I got news for you, big and small businesses do not pay taxes..Their customers pay the higher prices that they had to increase to make up for the tax increases....think about that for a second...

Wal-Mart, a staple for most low to mid income families, will do nothing but raise their prices to reflect what they need in order to pay the higher tax bill....so who's really paying the higher taxes in Obama's tax plan??  The very people that adore and love him for all the "help" he's trying to give you.....

Wake up people it's all smoke and mirrors, it's the age old class warfare....I.E.  People are rich because you are poor, people get into great schools because you can not..Life is not zero sum...meaning the rich don;t have more because you have less...and Obama preaches "fairness" and class warfare, when in the end all he will do is hurt the people who hang on his every word...the only problem is most of them are so uninformed and "mesmerized" or simply blinded by the color of his skin that they do not realize it...

Answer 3

You won't get a tax cut.

INCOME TAX

MCCAIN (no changes)

Single making 30K - tax $4,500

Single making 50K - tax $12,500

Single making 75K - tax $18,750

Married making 60K- tax $9,000

Married making 75K - tax $18,750

Married making 125K - tax $31,250

OBAMA

(reversion to pre-Bush tax cuts)

Single making 30K - tax $8,400

Single making 50K - tax $14,000

Single making 75K - tax $23,250

Married making 60K - tax $16,800

Married making 75K - tax $21,000

Married making 125K - tax $38,750

  

Answer 4

Obama's tax plan is not to renew the Bush Tax Cuts..  This will hurt the lower income individuals the most.  Their percentage of tax increase will be more than double that of the more wealthy.  However, the wealthy will be paying more taxes.  When the Bush tax plan is repealed, your $2300 cut will have a net affect where you are paying more than $1000 more.  

Answer 5

yay, obama is gonna steal from other people and then give that money to me! so then i will feel temporarily secure! even though his government intervention in the economy and the lives of everyday americans will make EVERYTHING more expensive, and less efficient for EVERYONE!  but who cares, i am a thief , so now i dont gotta steal other peoples money, obama will do it for me!!

dont steal- the government doenst like the competition.

wake up america

Answer 6

I can it seem like many Americans can not see that they all on the moment of history. they don't care whats comes after a first black president is elected.

Answer 7

                    MCCAIN  ........................OBAMA

Income        Avg. tax bill .....................Avg. tax bill

Over $2.9M  -$269,364   ....................+$701,885

$603K and up -$45,361     ..................+$115,974

$227K-$603K -$7,871  .........................  +$12

$161K-$227K -$4,380  .........................-$2,789

$112K-$161K -$2,614  .......................... -$2,204

$66K-$112K -$1,009    ........................  -$1,290

$38K-$66K -$319  ................................  -$1,042

$19K-$38K -$113  ................................... -$892

Under $19K -$19      ...................................-$567