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Tax Policy Center's Obama taxcut calculator shows MANY under 250K will pay MORE.
Tax Policy Center ^ | Tax Policy Center

Posted on 10/18/2008 5:51:31 PM PDT by sybilll

I checked on my parents: elderly (+65), Married, AGI of $100K. Result - under Obama, $353 more, under McCain, $1152 less. Wow, just wow.


TOPICS: Politics/Elections
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To: Presbyterian Reporter

I wonder why nobody talks about the Bush tax cuts that are expiring in 2010? Obama and the Democrats will let them sunset and EVERBODY’s taxes go back to 2002 levels (i.e. UP). Not sure why the McCain campaign does not hammer this home.


21 posted on 10/18/2008 6:32:38 PM PDT by Azzurri
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To: sybilll
It's much worse. Read this about the dems in Congress planning to disallow deductibility of 401K contributions AND adding an extra 5% (NEW) tax on every worker's pay from dollar #1. That's a helluva big tax increase for the 95% expecting a tax cut.
22 posted on 10/18/2008 6:48:14 PM PDT by Sgt_Schultze
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To: sybilll

but we all know that as soon as he takes office, Obama will sadly announce that as a result of unforeseen circumstances, all Americans must share in the sacrifice and give up their tax cut for the sake of the country.


23 posted on 10/18/2008 6:49:50 PM PDT by ari-freedom (It's the socialism, stupid.)
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To: arichtaxpayer
My parents get social security and a pension. They checked theirs too, and said that they would be paying more.

They can think of it as their opportunity to be more patriotic.

24 posted on 10/18/2008 7:11:03 PM PDT by seowulf (Discipline knows no emotion and frequently runs counter to the whims of panic or elation.)
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To: Presbyterian Reporter

Listen, I GET the troll insinuation. I thought it was funny that a pro-Obama forum boasted this formula, until I busted them on my parent’s scenario. I thought I would share my joy with you all. If you can’t accept fresh input from a like-minded Conservative, I find that close-minded, and may turn off other fresh ideas/perceptions that will help us ALL.


25 posted on 10/18/2008 8:09:06 PM PDT by sybilll
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To: sybilll

Ummm, a major falacy with this calculation is assuming that Senator Obama will do as he says. Not likely. And history suggests otherwise. The trust factor is very low for him. that makes this tax cut calculation a bunch of hogwash.


26 posted on 10/18/2008 8:20:10 PM PDT by BAW (Proud member of the vast right wing conspiracy.)
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To: BAW

Totally correct.


27 posted on 10/19/2008 8:13:16 PM PDT by Freedom'sWorthIt (We are now living in AMERIKA thanks to Comrade Obama's promised Communistic Changes in Missouri)
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