I thought the Obama tax cuts started for those making under $250,000????


In this he is now saying $200,000, no?
http://www.AudacityofHypocrisy.com/2...g-over-200000/


In this snippet, Biden is saying $150,000. Now, I understand this is just a snipet, but, I would be interested in seeing the full interview for full context:
http://www.AudacityofHypocrisy.com/2...-video-102808/

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Doing the right thing isn't always the same as doing the easy thing.

Sen Obama's plan indicates there will be no tax rate increase for families making 250K and singles making 200K and a tax cut for families making 150K or less.

Barack Obama and Joe Biden: The Change We Need | Economy

Right. And this is how it has always been. They never promised anything else.

Seriously, that site you link to is a hate site. I'm not sure why I expected better from you, but I did.

These news websites any better? It is in the mainstream media.

$150,000 vs. $250,000 - First Read - msnbc.com

Political Radar: McCain Jumps on Another Biden Interview for Hit on Taxes

McCain: Obama's Definition of Rich Is 'Creeping Down' - FOXNews.com Elections


To the OP ... I have not found a full transcript of Biden's interview.

Here is the interview YouTube - Joe Biden Will Tax Those Making More Than $150K Now

The msnbc cite says McCain is distorting what Biden said

The Political Radar is a blog (I think) and quotes this ""Maybe the McCain campaign keeps lying about Obama's tax plan because with seven days left in this election," Wade continued, "Voters are rejecting McCain's plan to give billions more in tax giveaways to big corporations and the wealthiest Americans – but nothing to more than 100 million middle-class families."

FOX is well FOX

Really, do you consider that hate site a "news website?" Is that where you expect people to get their information upon which they form opinions?

I have never been to the site that the OP listed. (until today)
Mostly I just goggle and find lots of different sites to see if the information is correct. It is amazing that it is usually blogs and foreign media that has the information first. Then it is on our mainstream media last.

FYI ..the Political Radar is from abcnews.com under politics section at top of the page.

I read several articles about Biden's $150,00 tax cut ...most places are saying not a big deal.

Of course, I do not put much "faith" (lack of a better word) into Obama's tax plan because it will have to go thur Congress first and with everything they will add on ...who knows what it will be.

Unfortunately there are those here who actually do get their news from these hate sites and fox news and no other place. It is sad but true.

Whew ...

The ABC site is under the heading of Blogs. I don't know what that means.

Either way, it is nothing about nothing.

And, I suppose discussing a proposed economic policy is better than what she is wearing, or how he got to Hawaii, or red stars

He can promise that he won't raise taxes on those making less than $250,000/ yr. . .the part Obama is hoping people are too stupid to figure out is that when he lets the Bush tax cuts expire in 2 yrs (of course it will have to be approved by Congress, but that is his plan). . .EVERYBODYS taxes will increase.

I took this from another board. . .but run your own numbers:

Check this for yourself. Go to http://www.irs.gov/formspubs/ and pull up the 1040 instructions for 2000 and 2007 and go to the tax tables. Based on your 2007 income, check your taxes rates for 2000 and 2007, and apply them to your taxable income for 2007. In 2000 -- Senator Obama's benchmark year -- you would have paid significantly more taxes for the income you earned in 2007. 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.

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"No one believes more firmly than Comrade Napoleon that all animals are equal. He would be only too happy to let you make your decisions for yourselves. But sometimes you might make the wrong decisions, comrades, and then where should we be?"
- George Orwell Animal Farm

You know, no one wants their taxes raised but if I have to pay more to help fellow Americans and help us out of this crisis, I will gladly. Isn't that what was posted on this board a few weeks ago...everyone chip in a certain amount and we can knock out the deficit?

I don't think that my taxes will go up but if they do and I see a better America with more opportunity for everyone, and not just the top 3%, I wll be happy.

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We miss you, sweet brother.
Praying for my Marine Son who is deployed somewhere in the sandbox until July, 2008! He's HOME!!!!! God Bless the USA!!!!!

I'm not up on what is a "hate" sight, "biased" sight, whatever.....so, as I have said MANY MANY times, I get my information where ever, and then verify it. Did I say "HOLY CRAP!!!! LOOK WHAT HE'S DOING!!!!" No, I did NOT. I questioned what I found. I guess I should just let myself be spoonfed like so many others are sadly doing.

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Doing the right thing isn't always the same as doing the easy thing.

I have glanced thru his tax proposals from the link you provided, and did not see the 200K or 150K amounts addressed. I'm sure I missed it. Can you copy/paste it for me or tell me where it is??

thanks.

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Doing the right thing isn't always the same as doing the easy thing.

SOCIALIST!!!

Maureen

Sure. . . .if you were actually going to see a better America. But as of today. . .every man woman and child would have to pay $34,529.25. Mind you, that's without spending anymore money. . . none! And that deficit amount goes up everyday by $3.84 billion. Did you see that $700,000 billion go to helping anybody? Do you know one person. . .just one that it helped???

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"No one believes more firmly than Comrade Napoleon that all animals are equal. He would be only too happy to let you make your decisions for yourselves. But sometimes you might make the wrong decisions, comrades, and then where should we be?"
- George Orwell Animal Farm

The $150,000 was a number Joe Biden picked as an example.

The $200,000 is for singles

http://www.barackobama.com/pdf/taxes...acts_FINAL.pdf

http://www.barackobama.com/pdf/taxes...ison_FINAL.pdf

Thank you. Here is the portion on $200K in case anyone else missed it:
"
FACT #1: The Obama Plan Provides Generous Tax Cuts for Almost All American Families – and will
not raise any tax rate on families making less than $250,000 per year, period! The Obama plan maintains
the existing marginal tax rates for every family making less than $250,000 – and single people making less than
$200,000—while offering thousands of dollars in new tax cuts for saving, education, mortgage costs, and
childcare, as well as up to $1000 per family to make work pay."


Any idea why Joe Biden didn't stick with the figures that are in the "Obama Plan"? Just seems odd to me he would throw that number out there.

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Doing the right thing isn't always the same as doing the easy thing.

Because he is Joe Biden. Sorry but I had to say it. He is famous for saying things differently. Gotta love him though.(if you are liberal)

McCain says that rich starts at 5 million annually. I'm not there yet.

I understand the need to cut the corporate tax rate.

We have the second highest corporate tax rate, second to japan. When you figure in all factors, our corporate tax rate is 39.3%.

Heck, 24 of our 50 states have a higher corporate tax rate than the highest ranking Japan.

There is no incentive tax-wise for business to come to the U.S. Some places have a corporate tax rate of just 15%. That is where the jobs are going.

McCain wants to bring the corporate tax rate down to try to entice new business in the U.S. which will create more jobs. Which in turn will help everyone and the economy.

His health care plan of giving refundable tax credits of $5000 to families and $2500 to singles (to everyone no matter what they make) with the money being sent directly to the insurance provider will make it possible for darn near everyone to have some sort of health insurance, which in turn will save big bucks that are spent on the health of the uninsured. He wants to increase the standard dependent exemption by $500 dollars a year til it tops out at $7000.

When I look at the two contenders tax plans, as a the owner of two businesses, I feel that McCain's is more in lines with the needs of our companies. As it stands right now, with the economy the way it is and the taxes as they are, we have had to cut back on our full time staff and spending. We can not take the chance on spending money on expansion and improvements that should be done, as it is too much of a gamble at this point. There is no incentive to do so.

Our largest expense, next to payroll, is the benefits we pay in health insurance for our full time workers. Something has got to give.

With all that said, I am still undecided on who to vote for. I wish we had another choice.

We have a corporate tax rate of 35%. However, with deductions, corporations pay around 20% and that is competitive with the rest of the world.

McCain's health care plan doesn't help much. The tax incentives for businesses to provide health care are gone. Some will continue to do so. Most will not. Employees will have to go on the open market.. Anyone with a preexisting condition will pay through the nose for a policy. The young and healthy will probably not purchase it at all. Every analysis that I have seen says that we will have more uninsured and that the cost becomes more dear under the McCain plan. Let me put it this way, insurance companies love McCain's plan.

Actually, there is no state in the US that, with deductions give a corporate tax of 20%. (at least not where I can find data of such) Only Hungary, Turkey, Poland, Slovic Republic, Iceland and Ireland have corporate taxes that low.

When combined with federal and state corporate taxes, in some states businesses are paying as high as 41.6%. You can see this data at the tax foundation website. The Tax Foundation - U.S. States Lead the World in High Corporate Taxes

I'd like to know where your getting that info. ???

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"No one believes more firmly than Comrade Napoleon that all animals are equal. He would be only too happy to let you make your decisions for yourselves. But sometimes you might make the wrong decisions, comrades, and then where should we be?"
- George Orwell Animal Farm

It wasn't Fox or the Moonie Times.


"Younger, healthier workers likely wouldn't abandon their company-sponsored plans, said Douglas Holtz-Eakin, McCain's senior economic policy adviser.

"Why would they leave?" said Holtz-Eakin. "What they are getting from their employer is way better than what they could get with the credit."

McCain spokesman, Doug Holtz-Eakin
Candidates to change work-based health plans - Oct. 28, 2008

I was taking about that.

__________________
"No one believes more firmly than Comrade Napoleon that all animals are equal. He would be only too happy to let you make your decisions for yourselves. But sometimes you might make the wrong decisions, comrades, and then where should we be?"
- George Orwell Animal Farm

Okay from the US News and World Report.
"The Facts About Barack Obama's and John McCain's Tax Plans—No Socialism Here"

. But if you are Fred the unemployed construction worker, and Denise the house cleaner, with a combined income of $25,000 a year, McCain will give you nothing, while Obama cuts your (refundable) taxes by $1,287 per year.

If you are Hal the high school football coach, and Sally the bank teller, earning $100,000 a year, McCain gives you a $2,759 tax break, but Obama still gives you more—$3,043.

Actually here is the link:
The Facts About Barack Obama's and John McCain's Tax Plans?No Socialism Here - John A. Farrell (usnews.com)