Obama said he would cut taxes on 95% of americans?

Question

last night on cnn jeff toobin(sp) said it would be on about 80% of americans according to what he has read. does anyone know for sure? thanks.

Answer 1

he has no real plan...  perhaps he is speaking of the 95% of voting blacks supporting him.  Here's what those blacks do not know, realize or refuse to accept:

He has no real identity. He is half-white, which he rejects. The rest of him is mostly Arab, which he hides but is disclosed by his non-African Arabic surname and his Arabic first and middle names as a way to triply proclaim his Arabic parentage to people in Kenya . Only a small part of him is African Black from his Luo grandmother, which he pretends he is exclusively.

What he isn't, not a genetic drop of, is 'African-American,' the descendant of enslaved Africans brought to America chained in slave s hips. He hasn't a single ancestor who was a slave. Instead, his Arab ancestors were slave owners. Slave-trading was the main Arab business in East Africa for centuries until the British ended it.

The O-man, Barack Hussein Obama, is an eloquently tailored empty suit. No resume, no accomplishments, no experience, no original ideas, no understanding of how the economy works, no understanding of how the world works, no balls, nothing but abstract empty rhetoric devoid of real substance.

Answer 2

The non profit tax institute ran the numbers. In 2012, Obamas plan would raise "middle" class taxes by 5%, approx. $2200 per year. McCains plan would increase net after tax income by 3%.

Answer 3

No he would raise taxes on the 5% to better the lives of the 95%.

Answer 4

No income, no tax

a real simple Obama plan

Answer 5

from the Urban-Brookings Tax Policy Center:

We spoke with Len Berman, director of the nonpartisan Urban-Brookings Tax Policy Center, which has produced one of the most authoritative analyses of the two candidates’ tax plans. When we asked him if Obama’s claim that he would “cut taxes for 95 percent of all working families” was true, Berman told FactCheck.org that it was “consistent with our estimates.” Overall, the TPC found that Obama’s plan would produce a tax cut for 81.3 percent of all households, and a cut for 95.5 percent of all households with children.

Under Obama's plan, the TPC estimates that people (or couples) making between $37,595 and $66,354 a year would see an average savings of $1,118 on their taxes.

Under McCain's plan, on the other hand, those same individuals would save $325 on average — $793 less than the average savings under Obama's plan. "

http://www.factcheck.org/elections-2008/...

He is getting the money by cutting wasteful government programs and pork.  You know, under Palins leadership Alaska this year asked for almost $300 per person in requests for pork project. That's a lot.

Answer 6

It's true...middle class people will see an extra $2000 in their bank accounts. He's only reversing the Bush tax cuts on the wealthiest americans (those that make $250k+).

Answer 7

Yes and I have some land in Florida with just a little water on it that I will let go extremely cheap!

Answer 8

Never ever believe a politician that says he is going to tax the rich he is a liar i am over 50 and live through many tax increases and they have all impacted me ...and believe me I am not rich.

Tall Tex you are awesome man that is why I became a conservative I like just straight facts

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Patriot P your analyis is too logical and staright forward to the point for a lot of the air heads on YA

Answer 9

SIMPLE MATH:

2008 PRESIDENTIAL CANDIDATE COMPARISON TALKING POINTS

  

ISSUE

JOHN McCAIN

BARAK OBAMA



Favors new drilling offshore US

Yes

No



Will appoint judges who interpret the law not make it

Yes

No



Served in the US Armed Forces

Yes

No



Amount of time served in the US Senate

22 YEARS

173 DAYS



Will institute a socialized national health care plan

No

Yes



Supports abortion throughout the pregnancy

No

Yes



Would pull troops out of Iraq immediately

No

Yes



Supports gun ownership rights

Yes

No



Supports homosexual marriage

No

Yes



Proposed programs will mean a huge tax increase

No

Yes



Voted against making English the official language

No

Yes



Voted to give Social Security benefits to illegals

No

Yes



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

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

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!!!



  

You can verify the above at the following web sites:

http://money.cnn.com/news/specials/elect...

http://www.cnn.com/ELECTION/2008/issues/...

http://elections.foxnews.com/?s=proposed...

http://bulletin.aarp.org/yourworld/polit...

http://blog.washingtonpost.com/fact-chec...

http://blog.washingtonpost.com/fact-chec...

Answer 10

You should also ask where McCain will get the money to give tax cuts to 100% of Americans.  His plan will drive our deficit up even higher.

Answer 11

Yep! He'll tax people who make 200,000 or more and give tax breaks to the rest of America. Don't be fooled by Palin smears/Mr. noun a verb and 911 fears!

Answer 12

His agenda is to cut taxes for the middle class which he roughly places between 60-100.000$ the year. And he wants to RAISE

taxes for people making more than 250.000$ the year. That's

why it's called a CEO tax and the number should be somewhere

around 80-90%.

Answer 13

and where will he GET this money?

Answer 14

Obama will raise taxes on all Americans. His plan is to cut income taxes a small amount and raise capital gains, dividend and other investments. This will raise taxes for everyone you know except for welfare recipients and those who work under the table.  

Answer 15

Yeah.

Even high paying celebrities and high profile entrepreneurs know their taxes will be raised, and they are still voting for him.

Answer 16

Read his plan and be specific. Yes, most middle class taxes will drop, and/or be offset with new deductions for a net drop in taxes.

Answer 17

Cut....no,I think you got it twisted,he will tax that many.

Answer 18

it's false hope.  it's like pushing on a giant marshmallow.  

if he cuts individual taxes, and places heavier burdens on the job-creators, that cost will be paid in the end by everyday working people in the form of higher prices and even fewer jobs and the vicious cycle is repeated over and over until the economy just collapses.

a better idea would be to eliminate income taxes altogether on both individuals and business and institute a PURCHASE tax.  you only pay tax on what you buy new.

that way, poor people who don't buy a lot of new non-essential goods won't pay as much tax as wealthier people who do buy a lot of non-essentials.

without confiscatory tax burdens like those currently in place, businesses could expand and hire more people. it's a win-win as opposed to a lose-lose.

Answer 19

I got that too, just yesterday it was noted  95%. When I turned on the news this morning, his response to McCain's speech was that he is now promising 80%. This man is the biggest flip-flopper I have ever seen in my life.

Answer 20

It's a lie -- because when he increases taxes on corporations and companies -- the cost of products will be higher, and we'll all end up paying more anyway.

Answer 21

The other 5% create the jobs.  Guess what will happen when their costs go up?

Answer 22

Not going to happen. They will say we are just going to tax the rich, but all taxes go up. Seen it to many times.