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Obama tax cut calculator

http://alchemytoday.com/obamataxcut/

All numbers are from the non-partisan Tax Policy Center.

SoCoKHntr's picture
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Obama tax cut calculator

My estimate is a 980.00 tax cut from Obama and Mcain's plan would tax my family 180.00 more or higher.

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Obama tax cut calculator
SoCoKHntr wrote:
My estimate is a 980.00 tax cut from Obama and Mcain's plan would tax my family 180.00 more or higher.

I see....you support welfare programs..................as long as you dont have to pay for it!!! Shame on You!

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Obama tax cut calculator

What I don't understand is why it's saying I'll get a $1500+ tax cut if I plug in numbers that are sufficiently low to keep me from paying taxes now (i.e. married, single earner, 3-5 kids, $25K annual income). Somehow, it also gives me back over $4K if I'm single and make $200K a year.

It's impossible to give someone a tax cut if they're paying zero already, and there's no way he can deliver big tax cuts to everyone making $200K or less per year and still pay for his social programs. That site's a joke intended to sway people who don't know any better.

Besides, if you go to the Alchemy.com website, you'll find it's full of blatant fabrications -- like the easily disproven mantra that Sarah Palin cut special needs programs.

Alchemy is a good term for it -- fake science from the middle ages based on the impossible idea that you can make gold out of something that has no value whatsoever.

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Obama tax cut calculator

Actually someone earning 25K with 3 to 5 kids is paying a lot of taxes. Most people pay more in payroll taxes than income taxes, so it is with our 25K person. Ask me, I deduct the taxes and foreward them to the Department of the Treasury for my employees. Besides the payroll that person is paying many taxes to make up for the taxes that have been cut. Sales and property taxes have increased to pay for needed services that have been cut.

Schools and fire departments and roads aren't welfare checks. Anyone from Alaska shouldn't lecture about welfare. HIghest per capita govt largess in the USA.

Thinking that someone who earns 25K doesn't pay taxes shows a very basic lack of understanding of taxes.

The site is factual and uses non partisan numbers.

Everyone gets a tax cut untill 250K, after that everyone pays more. Not tons more, only a small %. Small percentages on the very rich add up to a lot. 3% of 10 million is $300,000. A lot of tax revenue, a tiny amount for Cindy McCain.

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Obama tax cut calculator
JTapia wrote:
SoCoKHntr wrote:
My estimate is a 980.00 tax cut from Obama and Mcain's plan would tax my family 180.00 more or higher.

I see....you support welfare programs..................as long as you dont have to pay for it!!! Shame on You!

ARE YOU IMPLYING I DON'T PAY TAXES? ARE you implying that even under Obama's plan I won't be paying taxes?

Right now I am paying for a ten billion dollar a month war in Iraq and my great grand children will likely be paying for it as well. Do you think I am happy with that?

I am paying for friends of Dick Cheney and George Bush who are raking in record profits from war profiteering in Iraq to have fatter retirement accounts for them and their children. Do you think I am happy about that?

You support corporate WELFARE as long as hardworking middle class people are paying for it. Should I be happy about that? Evil! Shame on You! Evil!

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Obama tax cut calculator

The math isn't there, Civet. Through EIC, lower income families are already getting more back when they file than what they paid in.

He's talking out of both sides of his mouth -- condemning Bush tax cuts on one hand and then saying he's going to cut everyone's taxes on the other. The revenue isn't there if he cuts it all -- and it'd be the first time I ever heard of any liberal making massive tax cuts.

It's snake oil, pure and simple.

And SoCo, in case you haven't noticed, we're winning the war -- because of a surge your candidate opposed and resisted the entire time. If he'd have his way, we'd have walked off the battlefield and handed it over to the bad guys, rather than approaching victory.

Of course, now that the political heat is on, Obama suddenly thinks the surge is working. Before long, he'll be claiming that it was his idea.

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Obama tax cut calculator

Expat against my better judgement I'll tell you where to look for the bad news in the plan. Part of it is called a stimulous package like the one that recieved bipartisan support and Bush signed into law. Did you get your check?

Of course it's a pay off. Everyone wants tax cuts so he decided that rather than tell people they have to spend less, save more, and pay for that war we are fighting on borrowed money he gave everyone a tax break.

Not everyone's taxes are lowered. Everyone making $250,000 and up gets an increase. It's a reversal of what happened with the 2 Bush tax cuts. A lot of millionaires don't care, they dont mind a little more in taxes, in return they get to turn on the news at night. Others are more stingy but they were never going to vote for him anyway.

There's one more piece of bad news but I'll let you look for that, hint it's for the pretty well off.

About the Earned Income Credit. Isn't that only if you claim minor dependants? Is it more than the 7.5% in payroll tax?

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Obama tax cut calculator
SoCoKHntr wrote:
JTapia wrote:
SoCoKHntr wrote:
My estimate is a 980.00 tax cut from Obama and Mcain's plan would tax my family 180.00 more or higher.

I see....you support welfare programs..................as long as you dont have to pay for it!!! Shame on You!

ARE YOU IMPLYING I DON'T PAY TAXES? ARE you implying that even under Obama's plan I won't be paying taxes?

Right now I am paying for a ten billion dollar a month war in Iraq and my great grand children will likely be paying for it as well. Do you think I am happy with that?

I am paying for friends of Dick Cheney and George Bush who are raking in record profits from war profiteering in Iraq to have fatter retirement accounts for them and their children. Do you think I am happy about that?

You support corporate WELFARE as long as hardworking middle class people are paying for it. Should I be happy about that? Evil! Shame on You! Evil!

I didn't imply anything just made observation that under the candidate you support you would be getting a $980 tax break ......why would you want a tax break if Obama is going to give it to the welfare programs that you hold so dearly?

"You support corporate WELFARE as long as hardworking middle class people are paying for it"

Hardworking middle class people who make their living because a corporation hired them. Thats what I support...Jobs for all who want them.

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Obama tax cut calculator
SoCoKHntr wrote:
JTapia wrote:
SoCoKHntr wrote:
My estimate is a 980.00 tax cut from Obama and Mcain's plan would tax my family 180.00 more or higher.

I see....you support welfare programs..................as long as you dont have to pay for it!!! Shame on You!

ARE YOU IMPLYING I DON'T PAY TAXES? ARE you implying that even under Obama's plan I won't be paying taxes?

Right now I am paying for a ten billion dollar a month war in Iraq and my great grand children will likely be paying for it as well. Do you think I am happy with that?

I am paying for friends of Dick Cheney and George Bush who are raking in record profits from war profiteering in Iraq to have fatter retirement accounts for them and their children. Do you think I am happy about that?

You support corporate WELFARE as long as hardworking middle class people are paying for it. Should I be happy about that? Evil! Shame on You! Evil!

I didn't imply anything just made observation that under the candidate you support you would be getting a $980 tax break ......why would you want a tax break if Obama is going to give it to the welfare programs that you hold so dearly?

"You support corporate WELFARE as long as hardworking middle class people are paying for it"

Hardworking middle class people who make their living because a corporation hired them. Thats what I support...Jobs for all who want them.

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Obama tax cut calculator

I posted this in the running mate thread but feel it's more appropriate here:

But, Jtapia, you fail to see how you might not say something directly but what you imply to be true.

You stated they when they go get there welfare benefits they are given condoms, but don't use them because by not getting pregnant they wouldn't qualify for their welfare benefits. You are implying they are doing something devious to continue to receive money. In your explanation of how the system worked it went back to them using it to deceptively get welfare/money. Maybe 'hate' is a strong word but to me that leads me to believe you don't have a favorable view of them.

Maybe I'm wrong, but from what I have read of your posts my understanding of your view is Dems/Obama want to tax you more (take your money) and use it (give) it to people who don't deserve it (lazy, no accounts who don't want to work). I think most republicans have this view in fact I think their view of Democrats is they want to give your money to lazy poor people, they want to take your guns, they want to burn your bible, and so forth. I have talked to and read many posts from people who believe those very things in varying degrees.

It's simply not true. Taxes are needed for a variety of reasons, I don't like em any more then the next guy, but I do like driving on our highways, hunting our state lands, having emergency services available to my family, schools and education, which the majority of taxes go towards. As stated before I don't mind some of my money helping people less fortunate then me especially children.

I also believe repubs like Bush give tax breaks to the insanely wealthy while middle class people like us pay for it with insane health care costs, insane fuel costs, rising education costs for our children, while our wages stagnate. The cost of living is rising higher and higher and we, me and you pay for it.

I remember reading about the Enron scandal and about how one of the top executives threw a lavish party in Spain for his wife. Flew people there had lavish decorative items just an ungodly splendid affair which cost in the millions to throw. This while the savings and retirements of of their employee's were being squandered. Who did this? Who was at the top? You can bet your bootstraps they were all repubs in fact Ken Lay surprise surprise a good friend of Bush.

Eric Prince the head of Blackwater raking in huge profits from his mercenary outfit in Iraq while the employees are literally hung out to dry. You remember the contractors that were hung off that bridge in Fallujha? Their families are suing blackwater for the negligence in which it treated their family members who died over there. Who did Eric Prince donate millions to? Bush and Cheney that's who, because the longer Iraq goes on the more money he makes.

Your feeling is our tax dollars go to lazy no accounts, I think most of our hard earned money and tax dollars is going to subsidize Corporations that don't really need it.

You say from a religious standpoint let you decide where your money goes and the Gov. has no right to direct that at all. Well if you are willing to forfeit giving them your tax dollars and dispensing of it in a variety of ways are you willing to forgo driving on our roads, having emergency responders help you if needed, have the military protect you?

You guys make it seem like every tax dollar is going straight to the welfare mom on the other side of the tracks and that's simply not true.

If we just abandon the less fortunate and not offer any social programs that help them especially the children to elevate their position in life we will pay for it someday in a big way. But, again, I would rather see some of my tax dollars go to help a less fortunate child then pad the retirement account of an Enron exec.
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