Obama versue McCain on taxes

Discussion in 'Congress' started by Red Dawn, Aug 27, 2008.

  1. Red Dawn
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    Red Dawn Senior Member

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    Last edited: Aug 27, 2008
  2. Jon
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    Jon The CPA

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    I currently fall under the fourth step, but in two years, I'll be in the sixth step.

    McCain gets my vote.

    I bet Oprah's pissed that Obama's going to take all her money.
     
  3. chapstic
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    chapstic Member

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    lets factor in the capital gains tax now and see where our numbers go.
     
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  4. Jon
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    Jon The CPA

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    :)
     
  5. Article 15
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    Article 15 Dr. House slayer

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    The floor is all yours ...
     
  6. chapstic
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    chapstic Member

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    we will start with a little education on what the capital gains tax is:

    [ame=http://www.youtube.com/watch?v=po7J0f5TMrQ]YouTube - Barack Obama on Taxes[/ame]
     
  7. Article 15
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    Article 15 Dr. House slayer

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    I know what a capital gains tax is ... quit stalling and show us the numbers.
     
  8. chapstic
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    chapstic Member

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    do you own any stocks, a 401k or a pension? and if you do, do you enjoy a 15% tax on those gains, or would you rather enjoy a 28% tax on those gains?

    good question, there is no way to figure out those numbers currently. but raising the capital gains tax will not help the revenue(of our government) or will it encourage americans to invest.
     
  9. Red Dawn
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    Red Dawn Senior Member

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    Google is your friend.

    Obama's plan is too keep the current capital gains tax rate for people making less than 250k a year.

    The CNN/Money graph includes all elements of the tax plans, including capital gains.

    If you make less than 112k a year, you pay less under obama's plan.

    It might not jive with what rush limbaugh has been instructing you to think, but that's the facts.
     
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  10. Article 15
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    Article 15 Dr. House slayer

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    So ... basically your answer is 28-15?

    That's it?
     

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