Obama Tax Cut Calculator online

casa_mugrienta

Duke status
Apr 13, 2008
43,214
17,644
113
Petak Island
It's funny how you guys get mad at teh Dems for raising taxes, and now trying to lower em. It doesn't matter what Obama does or says you'll just think he's unqualified because he never governed Alaska.
It's not about tax raises/cuts, it's about redistribution of wealth and a contracting job market.

By the way, the only just tax cut is a tax cut for everyone who pays taxes. Neither "candidate" has figured that out yet.
 

Q_Surf

Duke status
May 5, 2003
20,046
317
83
world's largest oregon
...maybe you should confine yourself to commenting on this:...
and perhaps you should be more egalitarian in your little bitchfits - lest we know which way your chad hangs, neoboy. <img src="/forum/images/graemlins/loser.gif" alt="" /> <img src="/forum/images/graemlins/nananana.gif" alt="" /> <img src="/forum/images/graemlins/00000054.gif" alt="" /> <img src="/forum/images/graemlins/beer.gif" alt="" />
 

toreador

Phil Edwards status
Apr 1, 2006
6,052
0
0
socal beachbreak barrels
It's amazing how talk radio has convinced so many that a tax cut for the middle class is a welfare handout.

During the first 100 days of the Palin/McCain administration, after wrestling with the budget, they will announce a serious tax increase on the middle class to pay for the $650 Billion dollar war in Iraq. Just wait my friends.
if mccain palin win, it will depend on the results of congressional elections to see what direction things go. the ticket has acknowledged that raising taxes in a recession just exacerbates the economic aenemia. the battle will be whether or not to let the bush tax cuts expire (incidentally, the bush tax cuts actually shifted a greater percentage of the overall tax burden on the wealthy and reduced the burden on the middle class, despite the reduction on all brackets).

its not the middle-class tax cut that obama is proposing that is problematic. its the fact that about 40% of working americans don't pay income taxes to begin with, and those individuals will be receiving a check from the fed, paid for by those that do pay taxes.

if that doesn't bother you, that's bizarre. why should gov't take from those that have worked hard, made the right decisions, and been responsible, and give the fruits of their labor to others?

that's slavery. if you have to work for the gov't to take the fruits of your labor, you're property, then you've just given a portion of your life and labor to the gov't under threat of loss of life and liberty and 'bayonet tip'.

if you are compensated in wages or salary for your time, but then the gov't confiscates those wages, and then instead of spending your money on protecting you, or administering the functions of government, or shared infrastructure, and instead just hands that portion of your life to someone else to spend as they please, doesn't that make you an indentured servant to the government and to a whole segment of society?
 

casa_mugrienta

Duke status
Apr 13, 2008
43,214
17,644
113
Petak Island
its not the middle-class tax cut that obama is proposing that is problematic. its the fact that about 40% of working americans don't pay income taxes to begin with, and those individuals will be receiving a check from the fed, paid for by those that do pay taxes.

if that doesn't bother you, that's bizarre. why should gov't take from those that have worked hard, made the right decisions, and been responsible, and give the fruits of their labor to others?
Because success and/or hard work deserves punishment.

 

ringer

Tom Curren status
Aug 2, 2002
11,341
612
113
Huntington Beach, California
I'm afraid to plug my numbers in. I've had enough horrible investment losses in the last month to last me for now, thank you.

I seriously might've even voted for McCain if he had picked a reasonable VP candidate to take over either at the end of his term when he is 80 or when he more likely croaked or became incapacitated mid-term. Maybe someone like his good buddy Lieberman, who was his heart's first choice but would have never flown with the Evangelicals who call the money shots......["A Centrist Jew???!!!...Call my Lobbyist!!"]

Palin is a friggen disaster. Please dispute this assessment if you can.

All we are left with in this f'd up system is Obama. He will win, and enjoy a very brief Honeymoon period until the hounds are unleashed...I weep for our country.......And my 401k....
 
I think you guys are confusing the "target" of these proposals. There is a HUGE difference between upper-class and super-mega-hella-bones rich. I don't necessarily agree with the motions made by either side, but when 1% of the population controls 30-40% of the wealth in our country while the economy goes over the falls, is there nothing wrong with that?

Also, does anyone know if the Obama Tax plan involves increases in taxes for businesses making over $250,000 or business owners who personally make over $250,000?
 

afoaf

Duke status
Jun 25, 2008
49,204
22,753
113
you do understand why those graphs are basically irrelevant
to the current discussion, right?
 

Fuller

Tom Curren status
Jan 10, 2002
11,791
20
38
.·´¯`·.¸¸.·´¯`·.¸>&lt;(((º>
Another bullshi t thread by a fu cking biased ignorant moderator.
You just stepped on the third rail of the 'erBB.

You used to be mildly amusing but now you're just rude and insulting. I suggest you go back to your original handle and try again. <img src="/forum/images/graemlins/socrazy.gif" alt="" />
 

toreador

Phil Edwards status
Apr 1, 2006
6,052
0
0
socal beachbreak barrels
I'm afraid to plug my numbers in. I've had enough horrible investment losses in the last month to last me for now, thank you.

I seriously might've even voted for McCain if he had picked a reasonable VP candidate to take over either at the end of his term when he is 80 or when he more likely croaked or became incapacitated mid-term. Maybe someone like his good buddy Lieberman, who was his heart's first choice but would have never flown with the Evangelicals who call the money shots......["A Centrist Jew???!!!...Call my Lobbyist!!"]

Palin is a friggen disaster. Please dispute this assessment if you can.

All we are left with in this f'd up system is Obama. He will win, and enjoy a very brief Honeymoon period until the hounds are unleashed...I weep for our country.......And my 401k....
ringer, it doesn't matter who you vote for. obama wins california, no matter what.

executive experience matters. obama has none, unless you count his service on the board of a foundation that spent over $100 million to improve chicago area schools which was a total failure, with no measurable effect. nice execution.

palin is the chief executive of a state with billions of dollars in assets and a yearly operating budget in the hundreds of millions of dollars. she has executed her duties with total competence, and has the overwhelming approval of her constituents.

there will be no honeymoon for obama. why do you think that all the liquidity pumped into the financial markets is not being released by the institutions? why do you think that there is so much money sitting in cash on the sidelines of the stock market, despite all-time discounts on solid companies?

obama wins, capital heads to greener pastures. if you're retirement horizon is over 15 years, its a GREAT time to buy. if mccain wins, look for the historical recovery model to be in effect, so buy in NOW and don't miss the bounce.

if obama wins, look for a repeat of 1970s style economic malaise that will eventually usher in something akin to the reagan revolution, so again, its a great time to dump funds into your retirement vehicle, 401k, IRA, or mutual funds.

i'm seriously beginning to believe that an obama victory may be just what the nation needs to save us from further advancement into socialism, via total carter style disaster with a totally incompetent democrat controlled congress ensuring he's a one term administration.

its just fundamental: whatever you tax, you get less of. whatever you subsidize, you get more of.

tax capital, tax investments, tax hard work and success, tax responsible decisions, tax small business growth, america will have less of it.

subsidize the less succesful, subsidize the poor, subsidize those that produce less, subsidize those that earn less, subsidize those with children they cannot afford, subsidize those without health insurance, and america will experience increases in the lower income, government dependent class.

decreasing the incentives and rewards for hard work and success by confiscating those rewards in order to 'spread the wealth around', offering those rewards to those who did not earn them, is not only deleterious to the spirit of individuals on both sides of the equation, it will ensure greater mediocrity in america.

why grow your business, add jobs, risk your capital, if when you succeed, the heavy hand of gov't crushes you in its quest for 'fairness of results'. welcome to the nation of 'everyone gets a trophy'.

wouldn't you prefer small businesses to succeed and flourish, expand past the $250k threshold, maybe add positions, add buildings and equipment, rather than for the owner to just say, 'screw it, i'm living decently, and the added burdens of heavy taxation make it less likely that i'll succeed, so i'll just stand pat at $240k annually. my life's not bad.'

communists and marxists abhor the tall poppy.
 

BrownFish

Michael Peterson status
Mar 5, 2005
2,882
299
83
subsidize the less succesful, subsidize the poor, subsidize those that produce less, subsidize those that earn less, subsidize those with children they cannot afford, subsidize those without health insurance, and america will experience increases in the lower income, government dependent class.

decreasing the incentives and rewards for hard work and success by confiscating those rewards in order to 'spread the wealth around', offering those rewards to those who did not earn them, is not only deleterious to the spirit of individuals on both sides of the equation, it will ensure greater mediocrity in america.
I Agree with you 100%, EXCEPT, the person making millions of dollars a year should be taxed the same percentage as I am, not less.

That is as basic as it gets. By making it a percentage of income, across the board, it would not alter desire to succeed or vice versa.

Now, I'm not too smart, so if someone could point out why that wouldn't work, in a constructive way, without calling me a dipshit, I would greatly appreciate it.
 

20W-50 and blood

Duke status
Feb 4, 2004
24,949
4,032
113
SOCAL
Visit site
subsidize the less succesful, subsidize the poor, subsidize those that produce less, subsidize those that earn less, subsidize those with children they cannot afford, subsidize those without health insurance, and america will experience increases in the lower income, government dependent class.

decreasing the incentives and rewards for hard work and success by confiscating those rewards in order to 'spread the wealth around', offering those rewards to those who did not earn them, is not only deleterious to the spirit of individuals on both sides of the equation, it will ensure greater mediocrity in america.
I Agree with you 100%, EXCEPT, the person making millions of dollars a year should be taxed the same percentage as I am, not less.

That is as basic as it gets. By making it a percentage of income, across the board, it would not alter desire to succeed or vice versa.

Now, I'm not too smart, so if someone could point out why that wouldn't work, in a constructive way, without calling me a dipshit, I would greatly appreciate it.
DIPSH!T




<img src="/forum/images/graemlins/wink.gif" alt="" />

Stop talking basic common sense
 

Q_Surf

Duke status
May 5, 2003
20,046
317
83
world's largest oregon
...Now, I'm not too smart, so if someone could point out why that wouldn't work, in a constructive way, without calling me a dipshit, I would greatly appreciate it.
maybe the guys who think palin would make an a-ok prez can shed some light. <img src="/forum/images/graemlins/smokin.gif" alt="" />
 

blakestah

Phil Edwards status
Sep 10, 2002
6,139
0
0
subsidize the less succesful, subsidize the poor, subsidize those that produce less, subsidize those that earn less, subsidize those with children they cannot afford, subsidize those without health insurance, and america will experience increases in the lower income, government dependent class.

decreasing the incentives and rewards for hard work and success by confiscating those rewards in order to 'spread the wealth around', offering those rewards to those who did not earn them, is not only deleterious to the spirit of individuals on both sides of the equation, it will ensure greater mediocrity in america.
I Agree with you 100%, EXCEPT, the person making millions of dollars a year should be taxed the same percentage as I am, not less.

That is as basic as it gets. By making it a percentage of income, across the board, it would not alter desire to succeed or vice versa.

Now, I'm not too smart, so if someone could point out why that wouldn't work, in a constructive way, without calling me a dipshit, I would greatly appreciate it.
It is a mistake to think that people making over $250k/yr are paying more tax than those making $40k/yr, on a percentage basis. It is not even close. Because of deductions, ceilings on SS/FICA, business writeoffs, and increased benefits for those making more, people making over $250k pay lower taxes than those making much less.

If someone is so stupid they cannot reduce their taxable income to under $250k in our current tax code, they deserve to pay more tax on it.

When I talk to people about "flat tax", I say bring it on. First, get rid of all the deductions, shelters, business writeoffs, ceilings on SS/FICA, etc. Every dollar you or your business brings in will be taxed equally.

People get a very puzzled look on their face. They get confused. People who understand the tax code laugh at my joke. The rich already pay lower taxes than the poor. A flat tax, which preserves our writeoffs, would have them pay even less. A "fair tax" on sales would transfer the tax burden of the rich to the middle class.

So I say, yes, tax the fock out of those making more than $250k, and maybe, just maybe, they will pay the same percentage of their income as tax as someone who makes $40k/yr. And call the Republican tax proposals exactly what they are - more attempts to further reduce the already disproportionately low tax burdens on the rich.
 

TRI FINS ARE DANGEROUS

Tom Curren status
Jan 10, 2002
13,156
0
0
Pavement, CA USA
www.surfysurfy.net
Check it out:
http://taxcut.barackobama.com/
<img src="/forum/images/graemlins/computer.gif" alt="" />
Another bullshi t thread by a fu cking biased ignorant moderator.

Hey TFAD, did those two gay DNC boys show up at your house last night asking you to sign up as a democrat tell you to post this or did they teach you this at your "how to be a DNC member" class?

You better take that calculator as gospel and join the circle jerk with those Pelosi recruited DNC boys next time cause it'll be fun. <img src="/forum/images/graemlins/rolleyes.gif" alt="" />

The real truth is that the people getting the bullsht ethereal fake Obama "welfare gift tax cut" already pay little or no taxes.

If you had half a clue you might be dangerous <img src="/forum/images/graemlins/rolleyes.gif" alt="" />

Kindly stick with glassing surfboards, left wing blogging and popsicle stands mmmkay... <img src="/forum/images/graemlins/loser.gif" alt="" />




Thanks for the personal insults. Funny how I voted for McCain in the 2000 primary. "Left wing blogger" LOL.


<img src="/forum/images/graemlins/cheers.gif" alt="" />
 

blakestah

Phil Edwards status
Sep 10, 2002
6,139
0
0
Check it out:
http://taxcut.barackobama.com/
<img src="/forum/images/graemlins/computer.gif" alt="" />
Another bullshi t thread by a fu cking biased ignorant moderator.

Hey TFAD, did those two gay DNC boys show up at your house last night asking you to sign up as a democrat tell you to post this or did they teach you this at your "how to be a DNC member" class?

You better take that calculator as gospel and join the circle jerk with those Pelosi recruited DNC boys next time cause it'll be fun. <img src="/forum/images/graemlins/rolleyes.gif" alt="" />

The real truth is that the people getting the bullsht ethereal fake Obama "welfare gift tax cut" already pay little or no taxes.

If you had half a clue you might be dangerous <img src="/forum/images/graemlins/rolleyes.gif" alt="" />

Kindly stick with glassing surfboards, left wing blogging and popsicle stands mmmkay... <img src="/forum/images/graemlins/loser.gif" alt="" />




Thanks for the personal insults. Funny how I voted for McCain in the 2000 primary. "Left wing blogger" LOL.


<img src="/forum/images/graemlins/cheers.gif" alt="" />
I was registered Republican then and voted for McCain too!

Of course, if you voted for reasons similar to mine, it was an anti-Bush vote rather than a pro-McCain vote...

The top 5% of Americans control about 59% of the income. The top 10% of income Americans control about 70%. American taxes are regressive, and poorer people pay a larger percentage of their income in taxes. So-called "conservatives" like to point out the top 5% of income earners pay more than half the taxes in the country, but they NEVER point out that the top 5% underpays relative to their income. The key point here is that "taxable income" as shown in the bottom bar plot is heavily subject to deductions. It creates the appearance that the rich are overpaying. When "true income" is considered instead, it becomes obvious who is being taken for a ride - the rich are getting a free ride on the middle class. And they have the audacity to propose new tax systems such as the "flat tax" or "fair tax" which will systematically decrease their burden further. Nothing can be more absurd that a rich mo-fo trying to pull the wool over the eyes of Americans while tapping their wallets. Enough is enough.

Underpaying your tax burden is not a conservative, liberal, or American value. It is unpatriotic. The American tax system SHOULD be overhauled so that those who make millions a year AT LEAST pay an equal percentage as the janitor who makes $30-50k/yr.
 

john4surf

Kelly Slater status
May 28, 2005
8,927
3,569
113
CBS, CA
From an e-mail I received this morning;

'Dear Fellow Business Owners:

As a business owner who employs 120 people, we have resigned ourselves to the fact that Barack Obama will be our next president, and that our taxes and fees will go up in a BIG way.

To compensate for these increases, we figure that the Customer will have to see an increase in our fees to them of about 8-10%. We will also have to lay off 25 of our employees. This really bothered us as we believe we are family here and didn't know how to choose who will have to go. So, this is what we did.

We strolled thru the parking lot and found twenty Obama bumper stickers on our employees cars. We have decided these folks will be the first to be laid off.

We can't think of another fair way to approach this problem. If you have a better idea, let me know.'