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Why does my father get so much money taken out of his check?

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He makes about $4000 a month, so we're obviously not very rich.

But a lot of it gets taken out for taxes. Is it true that if Obama gets elected even MORE will get taken out?

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  1. No, you will actually save some money, unless your mother makes like 200k a year or something......


  2. This doesn't make sense.

    Right now Bush is taking money out of his check to pay for a stupid war.

    None of this will exist later, with whomever is president.

    Inflation happens every year. My check goes up for cost of living automated.

    The Health industry gets money right off the top.

    Obama is cutting taxes for your fathers piddly $4000 per month and giving him more money to spend on your computers and your chewing gum, if he so wishes. Or are you a grown child?

  3. lol...if your father makes more than 250 thousand a year...yes!  But if my math is correct he does not.  So the answer is NO...your father will not get more taxes taken out!  

  4. UBBI!

    You Better Believe It!

    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 will more than double.

    How does this affect you?  No explanation needed.

    This is pretty straight forward.  

    INHERITANCE TAX:

    MCCAIN  0%   (No change, President Bush repealed this tax)

    OBAMA  --  Restore the inheritance tax

    How does this affect you?  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.

    And now for some ''REAL CHANGE''

    NEW TAXES BEING PROPOSED BY OBAMA:

    New government taxes proposed on homes that are more than 2400 square feet.

    New higher gasoline taxes (as if gas prices weren't high enough already).

    New higher taxes on natural resources consumption (heating gas, water, electricity) .

    New higher 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.  

  5. no,he will get a tax cut,its the people who are making more than $250,000 a year who will have more taken out.dont listen to the republicans,they dont know what its like to work your *** off and still be poor

    if you dont believe me, feel free to check the facts

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

  6. Yes.  That is how he will pay for his "change", and all your family will have left is a little "change".

  7. Obama's tax plan generally raises taxes only on those making over $1 million a year.  

    But McCain's people like to keep saying "Democrats raise taxes Democrats raise taxes Democrats raise taxes" over and over again until people start believing it.  

  8. Yes.

    More.

    And spendier gas.

    You and I and many could survive, but not well.

  9. Currently you, your father and everyone else in America have an extra surcharge of $4000.00 to pay for the Iraq War. I wouldn't be too worry about Obama, but Bush hand in all of our pockets and McCain wanting more to continue Bush's third term.  

  10. He gets a lot taken out because the tax cuts went to corporations and the rich.

    Obama's tax cuts go to everyone making under $200,000 a year (that's about $16,666/mo) in other words, the middle class and the poor. His tax plan taxes families and individuals making more than $200K/year.

  11. Your dad is lying about paying taxes. He's really supporting his love child he had with Cher

  12. Yes it's true.   You will either lose more money on inome taxes or you will lose more money on property taxes or both if Obama is elected.  

  13. Anyone that says no has no Idea how government entitlements work. More money will go towards Social Security and Health Care, and chances are he won't be guaranteed those very same benefits. Obama wants to raise existing entitlement spending and create two new ones, which would cost billions to finance.

  14. More taxes, more overpriced federal programs, more taxes, more programs.....  and it goes on and on and on.....

    Wouldn't it be easier to just send ALL our money to Washington?

    Hello Socialism.

  15. No, your father will get less taken out because Obama plans to cut taxes on the poor and middle class and to revoke all the tax cuts for the wealthy, and subsidies for the oil companies and follow economic policies that were implemented in the Clinton years which lead our country to prosperity.

    You probably don't remember the Clinton years if you are as young as you sound, but that is when the country was at peace and had a surplus, inflation was only a memory, and gasoline was $1.43/gal.  Working people's incomes rose and disposable incomes were at a record high.  Sigh!  The good old days!

  16. no

  17. According to Obama and most of his supporters that want a socialist government, your daddy is rich!  some of the cash should be given to the unemployed on the South side of Chicago.


  18. Honey, Obama can't wait to take more of you daddy's money. Didn't you know-according to Obama, your are darn near rich!


  19. No, he would be way below the income level where taxes would increase.

  20. taxes always go up....and up....and up



  21. Be glad he has a job allot of plp with BD's cant find one.
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