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  1. #1 Senator Obama's Four Tax Increases for People Earning Under $250k 
    Senior Member MrsSmith's Avatar
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    Senator Obama's Four Tax Increases for People Earning Under $250k

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    The Bush Tax Cuts, which Senator Obama has said he will allow to lapse, saved you money, and without those cuts, your taxes will go back up to the 2000 level. Senator Obama doesn't call it a "tax increase," but your taxes under "President" Obama will increase -- significantly.


    Senator Obama is willfully deceiving you and me when he says that no one making under $250,000 will see an increase in their taxes. If I were keeping score, I'd call that Tax Lie #1.

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    The next loophole involves the payroll tax that you pay to support the Social Security system. Currently, there is an inflation-adjusted cap, and according to the non-profit Tax Foundation, in 2006 -- the most recent year for which tax data is available -- only the first $94,700 of an unmarried individual's earnings were subject to the 12.4 percent payroll tax. However, Senator Obama has proposed lifting that cap, adding an additional 12.4 percent tax on every dollar earned above that cap -- and in spite of his promise, impacting all those who earn between $94,700 and $249,999...

    This "explanation" sounds like another one of those loopholes. If I were keeping score, I'd call this Tax Lie #2.

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    Senator Obama has also said that he will raise capital gains taxes from 15 percent to 20 percent...


    Under "President" Obama, if you sell off stock and earn a $100,000 gain -- perhaps to help put your children through college -- instead of paying $15,000 in capital gains taxes today, you'll pay $20,000 under Obama's plan. That's a full one-third more, and it applies no matter how much you earn.

    No question -- for about 50 percent of all Americans, this is Tax Lie #3.

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    Finally, Senator Obama has promised to raise taxes on businesses -- and to raise taxes a lot on oil companies...

    when a corporation's own taxes go up, you don't see it -- its automatic -- but they do the same thing. They build this tax into their product's price...

    No question: this is Tax Lie #4.

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    http://www.americanthinker.com/2008/...ax_increa.html
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    In actual dollars, President Obama’s $4.4 trillion in deficit spending in just three years is 37 percent higher than the previous record of $3.2 trillion (held by President George W. Bush) in deficit spending for an entire presidency. It’s no small feat to demolish an 8-year record in just 3 years.

    Under Obama’s own projections, interest payments on the debt are on course to triple from 2010 (his first budgetary year) to 2018, climbing from $196 billion to $685 billion annually.
     

  2. #2  
    CU's Tallest Midget! PoliCon's Avatar
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    no no see - the press says that Obama's right and McCain is evil. Who am I going to believe? You or the press?
    Stand up for what is right, even if you have to stand alone.
     

  3. #3  
    Senior Member OwlMBA's Avatar
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    Actually, Obama's tax increase shrunk to families earning over 200k, then 150k, and I think we are at 120k now.
    **** Obama and **** you too.
     

  4. #4  
    Senior Member MrsSmith's Avatar
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    Quote Originally Posted by OwlMBA View Post
    Actually, Obama's tax increase shrunk to families earning over 200k, then 150k, and I think we are at 120k now.
    Yep, that's what I've heard. So those of us that are under 120k will only have 3 or 4 tax increases...the rest will have 5. But he's going to "cut taxes."
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    In actual dollars, President Obama’s $4.4 trillion in deficit spending in just three years is 37 percent higher than the previous record of $3.2 trillion (held by President George W. Bush) in deficit spending for an entire presidency. It’s no small feat to demolish an 8-year record in just 3 years.

    Under Obama’s own projections, interest payments on the debt are on course to triple from 2010 (his first budgetary year) to 2018, climbing from $196 billion to $685 billion annually.
     

  5. #5  
    Senior Member OwlMBA's Avatar
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    Quote Originally Posted by MrsSmith View Post
    Yep, that's what I've heard. So those of us that are under 120k will only have 3 or 4 tax increases...the rest will have 5. But he's going to "cut taxes."
    Right. He is going to give welfare checks to people who already pay no tax, and he is going to increase taxes on those of us that actually pay federal income taxes.

    And the more you make, the more you get screwed - because you are the minority. It is the fatal flaw of capitalism. It is mob rule. And the mob and the minorities are going to rally behind anybody who promises to steal from the rich in order to give handouts.

    What Obama is doing is theft. Period. He is stealing from one person to give money to another. And anyone who supports that thief is complicit in his crime.
    **** Obama and **** you too.
     

  6. #6  
    CU's Tallest Midget! PoliCon's Avatar
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    Quote Originally Posted by OwlMBA View Post
    Actually, Obama's tax increase shrunk to families earning over 200k, then 150k, and I think we are at 120k now.
    and if you go so far as to look at his voting record - 42K
    Stand up for what is right, even if you have to stand alone.
     

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