Mccain VS Obama - THE TAX DIFFERENCES?

Question

http://www.youtube.com/watch?v=cNyNv_UfFUo

WATCH THE VIDEO ON THE TAX DIFFERENCES

Basically if youre poor and middle class, you pay less tax under Obama's tax issue

If youre super rich - you are screwed by Obama's high taxes

Under Mccain if you are poor and middle class - you are screwed with high taxes.

If you are super rich - you pay less tax.

Simple.

If you are rich vote Mccain

If you are poor and middle class vote Obama

Answer 1

Why do you ask the question if you do not want to know the truth.  Boo is correct in her answer.  I'm sorry that you have been taken in by all the BS that others report as fact, when in actuality they only report their own bias opinions.  Do your research before calling someone a liar.

Answer 2

That is well said, but I just wonder how people with this common issue would change the subject to "is the black guy ready to lead".

Why are people so stupid?

Mc/pain = rich people (not middle class, which is small business)

Ob/biden = mid/poor class (most of us, @ least 150 million)

If your in the middle and poor why are you selecting the Rep. party??

And about the tax code, you should know all the facts:

(COMMON REPUBLICAN MYSTIFICATION)

If your investing is because you’re making to much money, way more than the common person and of course you are been advise to lower your tax bracket for the end of the year by investing x percentage of your salary for the future. Now, that been said you will not paid the x-tax rate but a lower one, a relief for your pocket (good news 4 u, not so good for the common person). Now this should make you feel a little bit dirty because you’re actually cheating yourself for not paying the right about to the IRS, right. Of course you can explain that you have the rights as an American to Invest for your future, but keep in mind you are not the ONLY American in America so actually your cheating to the American people, right (Loop-hole).

When you retire with all your promise investments (remember you been avoiding all those x-tax rates for more than 40+ years, is time to pay up, don’t you think: CAPITAL GAINS TAX,  DIVIDEND TAX , INHERITANCE TAX, (YOU GET MY POINT).

YEP, THAT’S THE FACTS!

Answer 3

I make less than 30k as a full-time college student and public servant. I get taxed and taxed and taxed. However, my Father pays $20k in taxes alone each year, and he makes less than 70k. So, I am against all of us who make less than 70k per year having to pay out of our rears in taxes to give people who make 250k or better a break.

Answer 4

The rich will pass that taxes down the line with higher prices and shutting down and moving overseas.

Tax the oil companies means we pay that at the pump with higher prices.

If you truly think companies are going to suck up that taxes your nuts.

So if you want to keep your job and keep prices down vote for McCain.

Consider this all the social program Obama wants to bring in have to be paid by somebody and that will be us.

Answer 5

That long list of tax comparisons above has some hyperbolic claims like: 'Your tax could double under Obama', when it's clear that only the first income tax is a proposed doubling. No-one would get away with doubling the poorest's taxes. That is a nonsense.

The claim that taxes on corporations reduces the capacity for business is a support of supply-side economics which is considered a failure by all economists except a group of fringe idiots.

The obsession with owning your own business, means that prospective entrpreneurs are given so much tax exemption that the risk of starting a business is near nil, even though businesses fold by the thousands weekly. This is tax wastage on a grand scale, and state support of business for people who bang on about reducing state help.

Business tax cuts ensure only profit for established large companies who never plough any profit back into the coffers. Big companies enjoying tax breaks demolish starting businesses anyway, so the whole enterprise is misguided.

edit TD me as much as you want. You all think you're economists, but you're really only full of it.

Answer 6

Boo I have gotten this false email and looked it up it is 80% a lie. Basically if you make over 275000 you will be the only one to pay more taxes. Of course if you think like John Mccain people from 250000 to 5 million dollars are middle class and can't afford to pay more taxes.

Answer 7

Here's the truth

CAPITAL GAINS TAX



MCCAIN

0% on home sales up to $500,000 per home (couples). McCain does not propose any change in existing home sales income tax.



OBAMA

28% on profit from ALL home sales.  (How does this affect you? If you sell your home and make a profit, you will pay 28% of your gain on taxes. If you are heading toward retirement and would like to down-size your home or move into a retirement community, 28% of the money you make from your home will go to taxes. This proposal will adversely affect the elderly who are counting on the income from their homes as part of their retirement income.)



DIVIDEND TAX



MCCAIN

15% (no change)



OBAMA

39.6% - (How will this affect you? If you have any money invested in stock market, IRA, mutual funds, college funds, life insurance, retirement accounts, or anything that pays or reinvests dividends, you will now be paying nearly 40% of the money earned on taxes if Obama becomes president. The experts predict that 'Higher tax rates on dividends and capital gains would crash the stock market, yet do absolutely nothing to cut the deficit.')



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 (vs. $4,500)

Single making 50K - tax $14,000 (vs. $12,500)

Single making 75K - tax $23,250 (vs. $18,750)

Married making 60K - tax $16,800 (vs. $9,000)

Married making 75K - tax $21,000 (vs. $18,750)

Married making 125K - tax $38,750 (vs. $31,250)

Under Obama, your taxes could almost double!



INHERITANCE TAX



MCCAIN

- 0% (No change, Bush repealed this tax)



OBAMA

Restore the inheritance tax

Many families have lost businesses, farms, ranches, and homes that have been in their families for generations because they could not afford the inheritance tax. Those willing their assets to loved ones will only lose them to these taxes.



NEW TAXES PROPOSED BY OBAMA



New government taxes proposed on homes that are more than 2400 square feet.  New gasoline taxes (as if gas weren't high enough already) New taxes on natural resources consumption (heating gas, water, electricity)  New taxes on retirement accounts, and last but not least....New taxes to pay for socialized medicine so we can receive the same level of medical care as other third-world countries!!!

Answer 8

You probably are not from New Jersy.

Ask any people in NJ and see what they say about Governor Corzine (D) promised and did to their Taxes.

Democrats always fool the poors with their false promises.

Answer 9

Income tax is only part of the equation. There are thousands of other taxes that government levies, so your 'video' is misinformation.

Moreover, raising taxes on 'rich people' and corporations will reduce their capacity to start new businesses, and create new jobs.

Answer 10

Not clearly a question, yet I would say your assumption is wrong.

It would take to long to explain the flaws in the logic that Obama is only going to tax the rich.

Sad thing is even the price of the cool-aid will go up under an Obama administration, then how will he keep you fooled?