http://2.bp.blogspot.com/_hQFy9C-miC4/SJ748zAiMaI/AAAAAAAAEGc/rmBtaeREaaE/s1600-h/baracktax.gif
Basically a break down of the tax changes that Obama and McCain would make. Interesting to note that Obama's change would affect much more of the population than McCain's, but I bet you all already knew that.
Source: http://www.washingtonpost.com/wp-dyn/content/story/2008/06/09/ST2008060900950.html
Edited, Aug 11th 2008 2:06pm by RaistlinDying
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- So there's his chart
So there's his chartFollow
$702,000 is an awfully big pill to swallow. Mind you, you could always remind them how much more it would be to move North.
Donate. One day it could be your family.
An invasion of armies can be resisted, but not an idea whose time has come. Victor Hugo
An invasion of armies can be resisted, but not an idea whose time has come. Victor Hugo
Looks like my bracket is going down either way 
I win under Obama.
See?? I knew I made the right choice!
See?? I knew I made the right choice!
Belkira wrote:
Wow. Regular ol' Joph fan club in here.
Time to hide more overseas.
Just as Planned.
Wint wrote:
Looks like my bracket is going down either way
Same here.
In a time of universal deceit, telling the truth is a revolutionary act.
I love how under McCain, the absolute poorest of the poor get the least amount of tax breaks while the richest of the rich get almost a 5% tax cut. 
That right there is enough to swing my vote to Obama, if it were to be swung, but it's not.
That right there is enough to swing my vote to Obama, if it were to be swung, but it's not.
BrownDuck the Wise wrote:
I love how under McCain, the absolute poorest of the poor get the least amount of tax breaks while the richest of the rich get almost a 5% tax cut.
In theory, by giving tax breaks to the rich, you give them more money to reinvest into expansion of their businesses which in turn, leads to more jobs. Sounds good, doesn't it? So does a 100% socialist nation. Doesn't turn in to practice very well.
Donate. One day it could be your family.
An invasion of armies can be resisted, but not an idea whose time has come. Victor Hugo
An invasion of armies can be resisted, but not an idea whose time has come. Victor Hugo
Samira wrote:
Wint wrote:
Looks like my bracket is going down either way
Same here.
Well I don't expect there to be many posters on this board with >$600k family income.
knoxsouthy wrote:
Actually it works in reality. The more money a business owner has to invest in his business the more jobs he creates. Whether it be employing the guy that builds his 100ft yacht or the guy building his new 4000sq ft mansion, or the extra employees he brings on to file his paperwork.
No, that's how corporate tax works, not how individual taxation actually works out. The more money a business has, the more it reinvests. The more a person has, the more he/she spends on frivolous ****.
Donate. One day it could be your family.
An invasion of armies can be resisted, but not an idea whose time has come. Victor Hugo
An invasion of armies can be resisted, but not an idea whose time has come. Victor Hugo
Uglysasquatch, Mercenary Major wrote:
The more a person has, the more he/she spends on frivolous sh*t.
Those people making $500k will be saving a sweet twelve dollahs under Obama. I wonder which Value Meal they'll splurge on.
Belkira wrote:
Wow. Regular ol' Joph fan club in here.
knoxsouthy wrote:
Ugly,
and that "frivolous sh*t" does it take someone to produce it?
Quote:
The more money a business has, the more it reinvests. The more a person has, the more he/she spends on frivolous sh*t.
and that "frivolous sh*t" does it take someone to produce it?
Yes, someone in Hong Kong.
In a time of universal deceit, telling the truth is a revolutionary act.
knoxsouthy wrote:
Ugly,
and that "frivolous sh*t" does it take someone to produce it?
Quote:
The more money a business has, the more it reinvests. The more a person has, the more he/she spends on frivolous sh*t.
and that "frivolous sh*t" does it take someone to produce it?
Donate. One day it could be your family.
An invasion of armies can be resisted, but not an idea whose time has come. Victor Hugo
An invasion of armies can be resisted, but not an idea whose time has come. Victor Hugo
Hey, I'm the first person to mention how much I hate unions, but if you actually treat your employees well, you'll never need to worry about them. Unions aren't at fault there, well, not anymore than overly stupid and greedy employers are.
Donate. One day it could be your family.
An invasion of armies can be resisted, but not an idea whose time has come. Victor Hugo
An invasion of armies can be resisted, but not an idea whose time has come. Victor Hugo
knoxsouthy wrote:
Time,
/nod
And Democrats wonder why affluent US businessmen do this.
Quote:
Time to hide more overseas.
/nod
And Democrats wonder why affluent US businessmen do this.
Of course this sort of behavior is self-perpetuating.
knoxsouthy wrote:
Ugly,
Not true. If you treat employees well they often take advantage of you. That's why you hire office managers to handle, be the d*ck to, the employees.
Quote:
but if you actually treat your employees well, you'll never need to worry about them
Not true. If you treat employees well they often take advantage of you. That's why you hire office managers to handle, be the d*ck to, the employees.
Which inspires them to unionize to get what they want.
Again, self-perpetuating.
Edited, Aug 11th 2008 5:00pm by Deathwysh
It's a common fallacy that lower taxes on the wealthy boost the economy. There is no correlation between highest tax bracket and per capita GDP growth since the end of world war 2.
And as to the tax breaks, there should be none. We should pay as we go. Borrowing is just a tax increase on our children.
Edited, Aug 11th 2008 10:14pm by yossarian
And as to the tax breaks, there should be none. We should pay as we go. Borrowing is just a tax increase on our children.
Edited, Aug 11th 2008 10:14pm by yossarian
Maybe McCain is planning to invade China after Iran to get rid of the deficit.
Uh, I don't think you know how the system works here. We want cheap stuff, but also high wages.
The Burger.
Protip: Swedish bank acct.s will solve at least 17.3% of your problems
Quote:
Well if the unions and american liberals would allow us to produce those things we wouldn't have to go overseas to find them now would we?
Uh, I don't think you know how the system works here. We want cheap stuff, but also high wages.
Quote:
Those people making $500k will be saving a sweet twelve dollahs under Obama. I wonder which Value Meal they'll splurge on.
Protip: Swedish bank acct.s will solve at least 17.3% of your problems
Just as Planned.
knoxsouthy wrote:
Not true. If you treat employees well they often take advantage of you. That's why you hire office managers to handle, be the d*ck to, the employees.
I know you don't care, but most type 1 managers don't perform well outside of a factory environment.
I think it is immoral to treat employees badly. Even if it were more productive, which is certainly not the case for my situation, but could be true (at least in the short term) in other situations, I would not do it.
Ever.
Ever.
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