ThrowAway wrote:
Neb- my reasons are: some of my family own farms out in the mid west and probably could stick it out through one term of obama but by the second the tax on them would eventually force them to sell as small business usually suffer the most during a democratic term. Obama and his tax plan is way out of reality because what has happened in the past when big business gets taxed is they pass it on and the economy slows. Mccain will bolster big business(which includes my employers) by giving them more incentives, more tax breaks and allowing them to take out bigger loans. Dont get me wrong, I know this is exactly what obama will do no matter what he says currently the fact is hes playing politics and trying to win the election, i understand that but he will do these things to a lesser degree.
When mccain talks about cutting our social programs and "trimming" the fat more than likely he will cut the double and triple funded programs like the school lunch program brought up awhile ago, I am for this.. obamas plan to force small business owners into government insurance is not a step I want to see taken because its free market capitalism and it will force alot of them out of business. I will continue to post later but i have to go.
I started a post replying to most everyone in order but the browser Im using deleted it when I pushed post so Ill rewrite it soon. thank you! some comments led me to learning some new things so I am grateful.
Taxes for people/businesses making $250k or more would go up 3%.
Given the ridiculous deficit and national debt, you don't think that paying 3% more to start paying down that debt is about time to do?
I'll put it another way...those who can pay a bit more will start paying back the credit they have lived on for the past 8 years...like a high interest credit card that needs to be paid off. However, the alternative is
1. Living on more high interest credit, where the Chinese stay on the winning end of the steady transfer of wealth;
2. A continued war that's costing billions thereby causing the cycle of wealth transfer and living on credit;
3. An unclear plan toward energy independence, thereby continued transfer of wealth to ensure foreign oil;
4. Social policies that cater to about 25% of the country who are hard core jesus freaks, thereby continuing to promote the cultural divide that keeps US from moving forward;
5. Economic policies that favor deregulation, thereby allowing Wall Street to live like and unchecked Gordon Gekko;
6. A vice president who is entirely unqualified if something might happen to the top dog, who has battled cancer four times and looks like he needs a cane to get to the oval office;
7. A vice president who holds such little confidence around the world that her very election would ensure a continued world resentment of America as a closed-minded, fat, stupid, imperialist, oil-hungry, Walmart-nation that is too arrogant to care about the interests of the rest of the planet...
We are not an island. The things we do matter to the rest. Our actions as a people create opinions about us, and those opinions around the globe matter. Just think of what electing (arguably not!) W has done for our world standing...
Bottom line, you can't just oversimplify the issue as "higher taxes = bad candidate" - the issue of economics is entirely tied to our social and governmental policies, and how we live our lives on credit, well beyond our means. It's time to pay up, and if not now, then you're fucking your future and your children's future.
All for a measly 3% increase that you personally won't even feel unless you make over $250k. Now I've never made that much money, but during the dot.com boom, I made a comfortable six figures, and I can tell you right now that 3% to me wouldn't have even been a dent in my lifestyle. If my government called on me to help pay back the credit bill on which we lived, and I made 250k or more, I'd gladly pay 3%.
Let's break it down even more. Suppose you or your business does make 250K, which means you bring in $20,833 per month. Right now, you are taxed at 36%, which means after taxes you bring in $13,333 per month. Under the "disastrous" Obama tax plan, you'd bring home $12,708. On a weekly basis, the difference would be from $3,076 (at 36%) to $2,932 (at 39%). Now I'll throw this argument back to you...You wanna tell me that all the negatives against BigMac and his Beauty Queen are worth having, and worth not paying $144 a week when you make $250,000 a year? Seriously?
