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Discussion Starter · #1 ·

Instead of lower taxes for those making less than $250,000 it's now changed to $200,000.

No wonder nobody can find a reason other than "Change" to vote for Obama and now "Change" has come to Obama's tax plan.

:D
 

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If that is in fact true. That's less of a reason for me to vote for him.
 

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Now how many more people in the US will that impact.....

Also with that changing how will his cap gains proposed tax change?? Think of it this way with the down investment market most people now only have there homes and lands to rely on for retirement......now add a huge cap gains....

More and more reasons why not to vote for him based on issues and political platform.
 

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No it's not $250,000 or $200,000, now it's $150,000

http://embeds.blogs.foxnews.com/2008/10 ... interview/

Joe Biden's in trouble again over a local TV interview - this time for defining the middle class as anyone making less than $150,000.

Now he wants to increase taxes on those making over $150,000. How long will it be before it's on anyone making over $50,000?
 

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Hey guys...how many times do you have to lie to be a liar?

This should shock absolutely no one, since to be shocked you would've first had to believe them. But I am surprised to see they've let the cat out of the bag this soon.

Like I said in another thread...how many more opportunities will he have to "change his mind" in the near future? :eek:

Shameless......absolutely shameless :puke:
 

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Obama has said for months that nobody making less than $250k would see a tax increase and those below $200k would get a tax break. Doesn't seem that hard to understand. If you need it broken down further, let me know.
 

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Discussion Starter · #8 ·
Obama has said for months that nobody making less than $250k would see a tax increase and those below $200k would get a tax break. Doesn't seem that hard to understand. If you need it broken down further, let me know.
If Obama/o'Biden get elected, I'll meet you back here in Oct/Nov 2010 and you can explain it then.

:wink:
 

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backhome said:
Obama has said for months that nobody making less than $250k would see a tax increase and those below $200k would get a tax break. Doesn't seem that hard to understand. If you need it broken down further, let me know.
Actually, I would because Obama certainly hasn't. He just promises the world to get elected but as soon as he goes off script his socialism shines strong. So, as I've been told, this means that anyone under 200,000 will get a tax break. I believe I heard that would be 90 to 95% that are under 200K. Of that 90+% I understand that approx 40% don't pay federal taxes and they will be getting their break in the form of a check. How is that not welfare and how is that not socialism? Listen, I work for a large company that has given 1 raise in 4 years. We have been letting people go at an alarming rate. If you tax rape them what's going to happen? I don't know too many people whose employer makes less than 200K (Gross). I think this country is in a world of hurt regardless of who gets in. I don't believe either can get us above water in 4 years. I think McCain's plan is much more sensible. It's not what everyone wants to hear but it will work. But as far as every thing else going on in the world I am steadfast with McCain. Obama and McCain with both be tested on a world stage. When the test is given whom do you think will pass? McCain with a PhD in world affairs (Metaphorically Speaking) or Obama who has a sixth grade education in world affairs (and wants to be a brain surgeon). Sorry for the Jethro reference. Couldn't resist. McCain will pass with flying colors while I don't think Obama could get past his name.
 

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Discussion Starter · #12 ·
Blind & Deaf :D seabass said:
Remeber that this is an earned income tax credit... so, these people need to have a job first (earned income) to get any tax benefit.
Just like Obama changed his original plan that required anyone getting tax benefits must be working? This was after he was called on the fact that non-tax-paying people would be getting tax breaks.

(just kidding on the blind & deaf part you know)
 

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I posted this in another thread....but it has to do with his cap gain tax....

Here is another tax example......

Homeowners...... what is your most valuable investment.....YOUR HOME. Under obama he wants to redefine capital gains tax laws. So now your biggest investment will get taxed even harder than it would have under current tax laws.

Now some might not think this is that big of a deal. But look at people's retirement investments (gone), 401K's (shrinking daily), Mutual Funds (falling fast), etc.

So if you are one of these situations in the next 4-8 years....
1. Retiring and selling your home to move to a warmer climate. You will lose money.

2. If you are selling your home and down sizing.....you will lose money.

3. If you are selling your home and wanting to get bigger....you will lose buying power for your new home (down payment, cash at closing, etc.)

Now again why would any baby boomer want to vote obama? This is going to effect one of the largest classes of US Citezens out there now. I am confused on why he is still winning?
 

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JustAnotherDog said:
Blind & Deaf :D seabass said:
Remeber that this is an earned income tax credit... so, these people need to have a job first (earned income) to get any tax benefit.
Just like Obama changed his original plan that required anyone getting tax benefits must be working? This was after he was called on the fact that non-tax-paying people would be getting tax breaks.

(just kidding on the blind & deaf part you know)
I don't quite follow what you are saying. Because lots of people earn income, yet do not pay taxes because their income is low, right? So they would potentially be people who a)earn income, b)paid no taxes, c)yet get a rebate check. These are just the people who are struggling to get by, no? Maybe it's because I am blind and deaf, but I don't see a problem with this. I don't mind my taxes going to help these people.
 

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seabass said:
How is that not welfare and how is that not socialism?
Remeber that this is an earned income tax credit... so, these people need to have a job first (earned income) to get any tax benefit.
Earned income my ***. Just how did they earn it? Sitting on their sofa sucking suds???
 
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backhome said:
Obama has said for months that nobody making less than $250k would see a tax increase and those below $200k would get a tax break. Doesn't seem that hard to understand. If you need it broken down further, let me know.
And you believe that? :eyeroll:
He's got a bridge to no where for sale..... do you want in on that too?
 

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I was listening to Obama in an interview where he said we need an across the board tax increase and as he is prone to do said it three times. Was unable to listen to the complete interview so can't say who he was talking to.
 

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Discussion Starter · #19 ·

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Chuck Smith said:
I posted this in another thread....but it has to do with his cap gain tax....

Here is another tax example......

Homeowners...... what is your most valuable investment.....YOUR HOME. Under obama he wants to redefine capital gains tax laws. So now your biggest investment will get taxed even harder than it would have under current tax laws.

Now some might not think this is that big of a deal. But look at people's retirement investments (gone), 401K's (shrinking daily), Mutual Funds (falling fast), etc.

?
I've asked this question several times of late.

Why is your home considered your most valuable investment? Do you own your home outright right now or are you paying mortgage payments? Do you know why that matters? Just curious if you ever taken a college upper level finance class at a 4 year university?

Let me ask it a different way, as I've asked on this forum several times in the past months.

"Is your home an asset on your balance sheet?" Where does it get categorized then?
 
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