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CalCarp

If I make $40,000 a year, how does Sen. Obama cut my taxes?

Sen. Obama says he will cut taxes for 95% of people. Yet I didn't hear him say he was going to lower tax rates. How is he going to cut my taxes?
Dick:

I don't know CC, do you think he will send me a rebate so I too can have annual earnings of 250,000.00 ?

CalCarp:

Some people say politicians only offer "pie-in-the-sky" promises. I fear it is getting worse today, ..it seems that now what we get is "spaghetti-in-the-sky" promises. They are so complicated and confusing, that I can't even understand their promises!! (..and now I don't even have a coin to flip anymore!!!)

Bryan:

if you cut something it is reduced the amount you cut off!

CalCarp:

..okay? .....what does that mean?? ..How are my taxes cut???

Alwaysintrouble:

He cant, not and pay for all the other programs he says hell have. How can 5% pay for 95%, No one is stupid enough to believe they will If you have millions you have a tax lawyer his job is to save you money not give it to anyone else. Let me think if I made a million and someone wants 400,000 and my tax attorney tells me for 75,000 I wont have to pay a dime what do I do.

CalCarp:

The economist Milton Friedman is quoted : "80% of the money America makes goes to people's wages, compared to only about 6% left (after manufacturing costs) to be called a profit." That 6% profit is used to make the industry bigger, newer, better, ..and pay off old debts. As we tax the profits and capital of business, we are left with less money to pay as wages. If we overtax, wages will go down (..This means that just because YOUR taxes didn't get raised, ..you will still have less money if your wages go down because of any higher business taxes!)

Harold:

Just wait and see what have you got to lose? The Republican party as never done anything for person only making 40,000 a year, your not in there class. They only care about that top 5% trying to get them another tax cut. Right now I think that is the least of your problems ,you had better hope you have a job and be thankful you will have to pay some taxes after the last 8 years of bush your dam lucky your still working. 

CalCarp:

Bush never hurt me, ..and I am glad he responded to 9/11, ..I am glad no more airplane bombers hit anywhere near me and my kids! ..and PLEASE, ..keep all the government "attention" and "concern" on those multi=million dollar business types! ..I HATE it when the government comes to my house with some vague promise that they are going to "help" me and my family! ..I put strings of garlic all around my front door to keep them away!!! (.."Out! Out! damned spot!!")

BUD 28:

By redistributing the money from "rich people" to you. Its called socialism.

Quacker:

It is NOT called socialism. This had been the system of rich people having slightly higher tax rates for about as long as we've had taxes in this country. The Bush tax cuts changed it by affecting the rich much more, and if you remember correctly, McCain was strongly against them for this very reason. All Obama is doing is undoing the Bush tax cuts for the rich. If that's socialism, then we've always been socialists.

CalCarp:

..HOW is he going to get their money to me?

Russ:

Congress writes the laws, not the President...he only signs or vetoes them...so any president will NOT raise or lower taxes...only Congress will...

Netsroht:

And a Democratic Congress with a Democratic president, what will happen to TAXES, and SPENDING, and SOCIAL ENGINEERING, and an altered CONSTITUTION, and a STACKED DECK against the FREEDOMS Americans have previously enjoyed. That is what you will get. Nothing is free in this life but Obama wants everyone to think so. Are you willing to give up your FREEDOMS fofr a small piece of the pie that has some strings attached.

CalCarp:

Very good point!! ..Congress writes!, ..President executes the orders! ..If Obama is now promising new law (..even if no one can say what it actually is) ..then he must be promising for Congress! ..Congress and Obama! .."Congrama"!! .."2 for the price of, ..$700 billion!!!" Here's what we will get: Congress raises taxes on high earner's income, and

CalCarp:

..raises business' gains tax, ..so that job growth and wages slow further (..new growth goes overseas), ..my family budget suffers, ..but Sen. Obama promises he will give me back the first $500 of my payroll tax, even if I lost my job, and don't have a payroll any more!

Headache:

you may want to visit his web site and check out his tax plan as it is pretty thouroughly explained there

CalCarp:

,,so you don't know either??

Looking4answers:

No, he's telling you where you can go and educate yourself.

CalCarp:

...Oh! ..I get it!!! ..If I travel to the top of some distant mountain, ..in the fog enshrouded cave I find there, ..I will meet a sayer who will tell me the secret of how Mr. Obama plans to keep this election year promise that he will "cut my taxes"? I guess that message wasn't found by you though, ..because you can't reveal it either, can you? (..and this is "A dream you can believe in"???)

Headache:

@ CalCRAP-wow, what a small and narrow perspective you have...i guess if you took the time to go to the Obama site and to do some research and actually read what he would do, then you couldn't talk out of your butt. as you do.. you must be proud of your limited intellect.... as you display it so well and freely
as for myself, yes I do know.......... unlike you.i research before i make an fool of myself, which I also do well, ...........but at least i am a open minded fool!

Headache:

sorry, meant to say calcarp...........

Netsroht:

Smilingmichael --- and you believe everything you are told? What he had promised in the Illinois elections, he did just the opposite. Hmmmmm........

Headache:

@ franklin..no i do not believe in everything that i am told.....why would you say such a thing, it sounds a little judgmental with out ascertaining the facts............
i do however believe in my ability to look at both sides of a issue, to do some research, and allow my intellect to come to a conclusion. In the issue of this election i have looked at the stated opinions and plans of both major candidates..... It is called being open minded..... (.try it some time?)

CalCarp:

Still! ..Not ONE person with a way Sen. Obama will cut my taxes! .. .. .. .. .. ..

Bryan:

if you make under 40k you probably get a tax refund. the tax cut means you will get back more. the idea is that people use their refund checks to buy things like insurance, refrigerators, tvs, and have costly repairs done on their cars and homes. so in cutting taxes the hope is that you will spend even more on these things which in turn will boost the economy.

CalCarp:

..HOW is he going to cut my taxes???

CalCarp:

..are you saying I will get a larger "refund" than last year of my overpaid taxes? You mean he will reduce tax rates? I never heard him say that.

Looking4answers:

He cuts your taxes by shifting the balance of the taxes you pay versus your deductions and rebates. Even these people that "don't pay taxes" pay taxes. They just get the money back on balance. You don't seem to have a very good grasp of the US system of taxation.

CalCarp:

HHHAAAHHHH!!!!! ...my asrsh is still burning from the last "Tax Slash!!" ...what nonsense you deliver!! ..is there any way you can repeat that line you just delivered once more? ..I want to take it to the CSI crime lab and see if they can put it on some computer modeler and try to see if there is any recognizable pattern within your "statement". ...Does Obama cut my tax rate or not??????

The:

If you make 40k you probably don't pay federal tax after deductions anyway.
So he'll either take the money from someone else or cut programs to give you money you didn't pay in.

CalCarp:

Obama (and Democrats) will NOT cut programs, ..we know that. So they are going to take from high earners and businesses and give it to me. But I would rather let the businesses (especially) keep that money and invest it in the capital equipment, and product development, and let me get my "share" of that through the wages I would make on that continuing job. I've heard it cost $1.50 to raise each $1.00 of tax. So, if I get a $500 check from Obama, he took (at least) $750 from the company to give it to me, and we missed out on that new "capital equipment and product development". Now even if I say "I don't want this" and give it back to the company for use in growth, ..that growth has just been slowed by the loss of $250 dollars during that government cycling of the money. If government keeps taxing, that business moves to Borneo, ..and I will be left there holding my final $500 dollar check, and no more job.

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