UrbanBaby

06.11.08, 15:19 PM General Topics
13 replies

i read a report by a supposedly nonpartisan group about what mccain and obama would do to our taxes according to their plans. i pretty much hate both plans but had to laugh that obama's would add $700,000 to the highest earners' (2.9 mil) tax burden. no clue what someone making 2.9 mil is paying now but even at that level $700,000 has got to hurt! [ Reply | Watch | Flag ]
General Topics 06.11.08, 03:19 PM Flag

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What is Obama's plan for the $75-200K group? [ Reply | More

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General Topics 06.11.08, 03:20 PM Flag

lower taxes by about $1,000/yr if i remember correctly. basically the differences were that mccain lowered taxes for everyone but the biggest cuts went to people who earned 600,000+ Obama raised taxes for 600,000+ but lowered for everyone else. [ Reply | More

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General Topics 06.11.08, 03:22 PM Flag

^and mccains tax cuts for anyone making less than 200,000 were something like $13 for the year so it was basically not lowering for anyone but the wealthy. [ Reply | More

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General Topics 06.11.08, 03:23 PM Flag

I think that sounds great. Sign me up if that's true. [ Reply | More

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General Topics 06.11.08, 03:23 PM Flag

that sounds like a surprising number. 700k is 25% of 2.9m. He's planning on raising taxes by 25% in addition to what they are paying now? [ Reply | More

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General Topics 06.11.08, 03:26 PM Flag

according to this chart. i wish i could remember where i found it. but it's from a recently released study by some bipartisan group about economics (vague enough for you?) [ Reply | More

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General Topics 06.11.08, 03:32 PM Flag

lol, yeah :-) That just doesn't sound like it could be correct. [ Reply | More

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General Topics 06.11.08, 03:38 PM Flag

Hm. I don't think anyone should have to pay a third of their income to the government. That's ridiculous. [ Reply | More

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General Topics 06.11.08, 03:35 PM Flag

are you kidding me? dh doesn't even make $200,000 and we pay close to 1/3 in taxes. i know being at the 30% tax bracket isn't the same as paying 30% of your income in taxes but it's close!! [ Reply | More

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General Topics 06.11.08, 03:37 PM Flag

np (actually previous OR). this is saying 25% above what they are paying now. so even if they are paying only 25% (and they probably aren't), that's 50% straight to taxes. doesn't sound like this would fly. [ Reply | More

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General Topics 06.11.08, 03:40 PM Flag

i know - while it woudn't affect me personally, i just wish obama would come up with a plan that would fly with high earners. [ Reply | More

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General Topics 06.11.08, 03:42 PM Flag

np: It could mean 25% more than they are paying now, meaning if they are now paying 25%, it will be around 31.25%. [ Reply | More

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General Topics 06.11.08, 03:43 PM Flag

hm. i guess ihave my math screwed up. sorry. i just meant, it sounded like way too much. [ Reply | More

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General Topics 06.11.08, 03:41 PM Flag