Obama’s *still* gonna raise your taxes
Posted by Chris on 13 October, 2008
For the few people out there who still actually believe Republican McCain’s bullshit cry of higher taxes under Obama here it is again in black and white. Lifted in it’s entirety from Parade Magazine*, here is the straight talk on taxes according to the Tax Policy Center. Seems really simple if you ask me, find your income and look to see who saves you more money.
Under Obama’s plan Bryan and I will save a total of $2,382 while under Republican McCain’s plan we would save $1,319. A grand total savings of $1,063 under Obama’s plan – explain to me exactly how McCain’s plan is going to benefit me…
| Obama | McCain | |
| If you make… | you’d save… |
you’d save… |
| less than $19,000 | $567 | $21 |
| $19,000-$37,600 | $892 | $118 |
| $37,600-$66,400 | $1118 | $325 |
| $66,400-$111,600 | $1264 | $994 |
| $111,600-$161,000 | $2135 | $2584 |
| $161,000-$227,000 | $2796 | $4437 |
| If you’re in the top 5% of earners… | you’d pay an extra… |
you’d save… |
| $227,000-$603,400 | $121 | $8159 |
| $603,400-$2.87 million | $93,709 | $48,862 |
| more than $2.87 million | $542,882 | $290,708 |
*Source: Tax Policy Center. Numbers have been rounded. For complete details, go to TaxPolicyCenter.org.
If your annual salary is less than $112,000, you’d pay less in taxes under Obama’s plan; if your salary is higher, McCain would cut your taxes more. “While the aggregate tax cut is bigger for McCain, a larger number of voters get more money under Obama,” says Alan Viard, a tax-policy expert at the conservative American Enterprise Institute. “Obama is choosing to emphasize tax cuts for the middle class, whereas McCain’s strategy is to keep rates lower at the top as a way to facilitate long-run growth.” For example, a person with an income of $1 million could see his taxes increase under Obama by as much as $94,000, whereas under McCain’s plan he could save about $48,000.
— Rebecca Davis O’Brien
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* Since the article was in Parade Magazine maybe more of middle America saw it, or at least we can hope.
avitable said
I save less under Obama than McCain, but I don’t have a problem paying taxes. It’s all about the social issues for me.
A Lewis said
We’re with you guys….saving money with the Obama dude.
Scooter said
Thanks for posting this. I can’t believe the Republicans are STILL getting to believe that old “He’s gonna raise yer taxes” BS. Why do they keep falling for it??? Damn sheeple!
Maggie's Mind said
There is a calculator out there, too, that basically does the same, and with Obama, it shows my taxes less. Even if it didn’t, he’d get my vote.
Chris said
Avitable ~ there’s no amount of money I could make that would make me overcome the problems I have with the Republican’s social platform
Lewis ~ us po’ folk gotta stick together! Not all of us can live in ivory towers with 27 servants like that sexy gorilla Avitable.
Scooter ~ it’s the magic of the catch phrase – “Democrats raise taxes”, “Vote Yes to Save the Children”, etc
Maggie ~ the information is all over the place if only people would pay attention to it and yep, no way I’d vote for McCain even if Obama *was* going to raise my taxes.
jeremy said
hey I see the “Stone of Tears” in your sidebar–have you read any of the Song of Fire and Ice books by George RR Martin? I *highly* recommend them.
Also, there’s talk of the Goodkind novels being made into a tv series by Sam Raimi.
ok, that’s all i’ve got.
have a nice day.
avitable said
Hey now, I only have 24 servants.
Chris said
Jeremy ~ I haven’t read the Martin books, but I’ve heard good things about them from people. Yes, I knew about the tv show, that’s why I started rereading the series – that and I’m three books from being caught up and I’d kind of forgotten what had happened in the first few…
Avitable ~ oh that’s right I forgot that you sacrificed three of them to your vengeful god
Anthony said
Parade magazine….lol these numbers dont add up….btw 1 month in and after he cut payroll taxes (kept promise), he is raising taxes by using the back door, less tax deductions….now we all know about 54% of this country has no idea when thye go to the polls…..bring back bush….even when recession was being thrown around dow was at 10000….everytime obama shows his face on tv the dow takes a dump….why is that….oh yea that is bush’s fault too