Obama Taxcut Calculator

[PSSuperstars]

http://taxcut.barackobama.com/

Figure out your taxes
Married, filing jointly, college expenses, retirement ... 150-200k.... 1300 savings. McCain, nada.

[GrouchyAdmin]

This post sponsored by Obama for America.

[PSSuperstars]

Originally Posted by GrouchyAdmin

This post sponsored by Obama for America.

Nah just someone who wants people to be a little more informed is all

[GrouchyAdmin]

Originally Posted by PSSuperstars

Nah just someone who wants people to be a little more informed is all

Then you should have linked to one not sponsored by a political party. The first one said I'd get $1,000, and the latter said I'd probably get nothing. Which one's going to be more honest?

Changing the data lower, I still got $1,000 from Obama's site, and this from the latter. Your Obama Tax Cut: $433.92

This is $353.33 more than the $80.59 cut you will get from McCain.

At least try to find one NOT sponsored by a political party if you're pretending to be non-partisan.

[PSSuperstars]

The site you posted doesn't take into account the increased limit on the school credit. I'm in college fulltime. No children. Married.


And you say that site has no preference or affiliation.. but most of his quotings in his blog are from NPR articles or other pro-right articles ;)

[GrouchyAdmin]

Originally Posted by PSSuperstars

The site you posted doesn't take into account the increased limit on the school credit. I'm in college fulltime. No children. Married.

And you say that site has no preference or affiliation.. but most of his quotings in his blog are from NPR articles or other pro-right articles ;)

So, you admit that you'll take the time to shill for one political party, and have the time to dispel links with an alternative point, but can't find a way to calculate it, yourself?

At least have the balls to say you're unwilling to link to another site because this one fulfills your of the world's worst excuse to vote based upon disputable metrics.

I'm not stating either one is 100% accurate, but you've not even dispelled that you've just pasted a blind link and you dislike the GOP.

[PSSuperstars]

Originally Posted by GrouchyAdmin

So, you admit that you'll take the time to shill for one political party, and have the time to dispel links with an alternative point, but can't find a way to calculate it, yourself?

At least have the balls to say you're unwilling to link to another site because this one fulfills your of the world's worst excuse to vote based upon disputable metrics.

Honestly, I didn't think to google something else to research.. I saw the link, thought it was cool..

Even if I had to pay more with Obama.. even if I have a bad ass NOvember and Dec and I go over 250k for profit... I'm still voting for Obama...

Didn't expect some mean grouchy fucker to be all up in my shit.
Wifey not putting out tonight?

The Big Macs sitting wrong?

[Brujah]

Originally Posted by GrouchyAdmin

Then you should have linked to one not sponsored by a political party. The first one said I'd get $1,000, and the latter said I'd probably get nothing. Which one's going to be more honest?

Changing the data lower, I still got $1,000 from Obama's site, and this from the latter. Your Obama Tax Cut: $433.92

This is $353.33 more than the $80.59 cut you will get from McCain.

At least try to find one NOT sponsored by a political party if you're pretending to be non-partisan.

Mine was the opposite. The AlchemyToday site indicated I would get TRIPLE the tax cut than the Obama calculator gave me.

[V_RocKs]

Sign me up!

[PSSuperstars]

NOtice all the usual right wing nut jobs are in bed ;)

They watched the Bill O'Reilly... took their Geritol.. and went ni ni.

They'll drink their prune juice before getting on in the morning ;)

[directfiesta]

Originally Posted by PSSuperstars

NOtice all the usual right wing nut jobs are in bed ;)

They watched the Bill O'Reilly... took their Geritol.. and went ni ni.

They'll drink their prune juice before getting on in the morning ;)

[dubsix]

You will probably not get a tax cut under the Obama-Biden plan.
More Information

Learn more at BarackObama.com/taxes

Looks like Obama is gonna take my money. "Probably not" translates into you are getting a tax increase

[Kevin Marx]

"You will probably not get a tax cut under the Obama-Biden plan."

Not that I would vote for him due to a tax cut plan..... buying votes... how novel

[SoloGirlsContent]

[brassmonkey]

Originally Posted by simonsyinister

[Tom_PM]

Sometimes a cigar is just a cigar.

[TheDoc]

They need one of these for Companies..

It's great that both might actually save people tax money, it will stimulate the eco, a little. But the Company tax cuts, breaks, increases, whatever... I want to see that.

[IllTestYourGirls]

Get real. There will be no tax cuts. We already have a 2 TRILLION dollar deficit for next year.

[96ukssob]

You will probably not get a tax cut under the Obama-Biden plan.

damn, on my $20,000 a year salary with my 6 kids and im over 65 life is going to be hard

[brassmonkey]

keep yr zipper closed

[Iron Fist]

The day McCain can raise his hands above his head is the day I'll vote for him.

[TheDoc]

Originally Posted by sharphead

The day McCain can raise his hands above his head is the day I'll vote for him.

You haven't seen the pictures of McCain on the roller coaster then?

[BradM]

Originally Posted by TheDoc

They need one of these for Companies..

It's great that both might actually save people tax money, it will stimulate the eco, a little. But the Company tax cuts, breaks, increases, whatever... I want to see that.

Only McCain will offer any kind of corporate breaks. So there's no need for a calculator.

[TheDoc]

Originally Posted by IllTestYourGirls

Get real. There will be no tax cuts. We already have a 2 TRILLION dollar deficit for next year.

I will get real with you. Tax cuts aren't only possible, they must happen to stimulate our Eco and fight off the recessions and/or possible depression. History has a bit of a role in this.

Lowering peoples taxes, does slow down recessions. Lowering Company taxes (in some areas) pretty much stops or reverses recessions. At the time of the Great Depression, Hoover did lower taxes for the rich, but it did nothing. Congress then put the personal tax back to the 1928 standard (even for the rich), and added a tax for Corps. This basically fucked us and the worst of the depression kicked in.

If the U.S. Gov wants to make the most money, they have to lower taxes. This stimulates growth, spending, ect.. which actually brings in more tax dollars. If they lower Corp taxes enough, they will actually make more money as more Corps bring in more money.

If they increase the taxes for the rich, it does nothing either way. Statistically, they don't make up enough to do anything to the system. Which is why the taxing of the higher income under Obama is for Social plans.

How do we lower tax and pay off the debt? We kill unnecessary Gov programs and reduce others, from fed to the state levels. The Fed stops funding public programs and lets the States do it. We stop spending 10b a month in a war, we correct trade agreements, this list can go on and on.

We stop the markets from allowing fake buys or buying with no money (margin?), whatever... They fix the financial markets by stopping the fraud that can happen. Increase the interest rate, slow home buying down so it's on a "stable" market, it does not have to be at a peak or growing, it can't always do that.

Finally, our Gov and most others, will always help other nations, either with war, money, whatever. Since it is going to happen, we need to work with the UN so the cost is split up between the nations and not just on our shoulders.

Just the things I listed, is trillions of dollars... And some of things Obama has talked about and a few of my own added in

[IllTestYourGirls]

Originally Posted by TheDoc

I will get real with you. Tax cuts aren't only possible, they must happen to stimulate our Eco and fight off the recessions and/or possible depression. History has a bit of a role in this.

Lowering peoples taxes, does slow down recessions. Lowering Company taxes (in some areas) pretty much stops or reverses recessions. At the time of the Great Depression, Hoover did lower taxes for the rich, but it did nothing. Congress then put the personal tax back to the 1928 standard (even for the rich), and added a tax for Corps. This basically fucked us and the worst of the depression kicked in.

If the U.S. Gov wants to make the most money, they have to lower taxes. This stimulates growth, spending, ect.. which actually brings in more tax dollars. If they lower Corp taxes enough, they will actually make more money as more Corps bring in more money.

If they increase the taxes for the rich, it does nothing either way. Statistically, they don't make up enough to do anything to the system. Which is why the taxing of the higher income under Obama is for Social plans.

How do we lower tax and pay off the debt? We kill unnecessary Gov programs and reduce others, from fed to the state levels. The Fed stops funding public programs and lets the States do it. We stop spending 10b a month in a war, we correct trade agreements, this list can go on and on.

We stop the markets from allowing fake buys or buying with no money (margin?), whatever... They fix the financial markets by stopping the fraud that can happen. Increase the interest rate, slow home buying down so it's on a "stable" market, it does not have to be at a peak or growing, it can't always do that.

Finally, our Gov and most others, will always help other nations, either with war, money, whatever. Since it is going to happen, we need to work with the UN so the cost is split up between the nations and not just on our shoulders.

Just the things I listed, is trillions of dollars... And some of things Obama has talked about and a few of my own added in

I agree we need to lower taxes. But Obama talks about it and wont do it is what I am saying.

[TripleXPrint]

Wow, a whopping $300 for me! Woot Woot!

[Dame]

I get $1001 plus possibly $4000 more for college expenses.
If only that were true

[IllTestYourGirls]

BTW he only saved me $25 more dollars than McCain lol.

I feel bad for those who make more than 250k

"You will probably not get a tax cut under the Obama-Biden plan."

Edit: and 200 to 250

"You will probably not get a tax cut under the Obama-Biden plan."

edit again 150 to 200

"You will probably not get a tax cut under the Obama-Biden plan."

[Tom_PM]

Is failing to reduce taxes for the middle class considered raising taxes when you know income has not increased and expenses have increased? Isn't that the same as raising taxes? If rolling back the bush tax cuts would be the same as raising taxes on the rich, isn't failing to reduce them on the middle class also considered to be raising them? Why? Why not?

[IllTestYourGirls]

Originally Posted by PR_Tom

Is failing to reduce taxes for the middle class considered raising taxes when you know income has not increased and expenses have increased? Isn't that the same as raising taxes? If rolling back the bush tax cuts would be the same as raising taxes on the rich, isn't failing to reduce them on the middle class also considered to be raising them? Why? Why not?

You are describing kinda how the the inflation tax works.

[notoldschool]

Originally Posted by simonsyinister

Great one.

[xmas13]

[Juicy D. Links]

Originally Posted by simonsyinister

[Tom_PM]

Originally Posted by IllTestYourGirls

You are describing kinda how the the inflation tax works.

Well maybe I am. I dont honestly know! And I'm happy to admit it

But when republicans refer to anyones plan to "roll back" the bush tax cuts as "raising taxes".. then isn't it fair game to say that FAILING to lower taxes on the middle class is "raising taxes" on the middle class?

Does the inflation tax eliminate BOTH cases of twisted campaign logic? Or only one? Why? I dont fucking get it.

[sperbonzo]

uhhhhh..... of course you realize that when Obama talks about raising taxes on corporations, that WE the consumers will be paying those. You know that, right?


Corporations do NOT pay taxes. They add them to the cost of their goods and then add on to the price of the goods to pay the taxes. The people that buy their goods and services are the ones that pay their costs, including increased taxes.

Of course if they don't want to raised their prices, or they can't, then the businesses need to streamline their operations, (read fire some people).

Any businesses that cannot compete on the world market because of the US's VERY high corporate taxes must either move out of the US, or lose out on the markets.

Remember that a business that has an income of $250,000 per year is a very small business. It includes most of the businesses that you all come into contact every day.

Similarly, when Obama talks about raising capital gains tax, he kills off the incentive for investors to invest in US based business ventures, and revenues to the US government actually FALL. That's one reason Jack Kennedy proposed cutting the capital gains rate.


I hope that you all pay attention to ALL of the tax proposals from Obama, and that you don't get too focuses on personal income tax.... as if corporate taxes somehow don't affect you! Wake up people! Corporate taxes involve EVERYBODY

[deniska]

Do you really need a tax cut when you don't have a future job!!!

[RP Fade]

The way I look at it, there are so many other economic factors, policies and decisions that will affect my income, and those are not reflected in any calculator.

[Tom_PM]

Exactly, it's far more complicated than they want you to consume it.

[tony286]

Originally Posted by sperbonzo

uhhhhh..... of course you realize that when Obama talks about raising taxes on corporations, that WE the consumers will be paying those. You know that, right?


Corporations do NOT pay taxes. They add them to the cost of their goods and then add on to the price of the goods to pay the taxes. The people that buy their goods and services are the ones that pay their costs, including increased taxes.

Of course if they don't want to raised their prices, or they can't, then the businesses need to streamline their operations, (read fire some people).

Any businesses that cannot compete on the world market because of the US's VERY high corporate taxes must either move out of the US, or lose out on the markets.

Remember that a business that has an income of $250,000 per year is a very small business. It includes most of the businesses that you all come into contact every day.

Similarly, when Obama talks about raising capital gains tax, he kills off the incentive for investors to invest in US based business ventures, and revenues to the US government actually FALL. That's one reason Jack Kennedy proposed cutting the capital gains rate.


I hope that you all pay attention to ALL of the tax proposals from Obama, and that you don't get too focuses on personal income tax.... as if corporate taxes somehow don't affect you! Wake up people! Corporate taxes involve EVERYBODY

Actually unlike porn where everyone makes millions, most small businesses fall under the 250k.And under Mccain if you provide healthcare for your workers you will have to pay taxes on that for the first time ever. Lets see bush cut taxes, created alot of wealth but employment and wages dropped. That argument doesn't work anymore.If we totally did away with corporate tax, they wouldn't create new jobs here they would create them overseas. My father worked for one of the biggest Health insurance companies, they would have record quarters and at the same time kept cutting people and just adding more and more work to the people left. The chairman got several 100 million as a bonus.
Cutting corporate taxes capital gains does shit for the avg working person.

[TheDoc]

Obama did not say he would raise Corporate taxes and he didn't say he would Lower them.

What he said was, or about... Is our Country does have the highest tax rate on the books, however our Corps use loop holes allowing them to pay less tax than most Countries. The bigger the Company, the more loop holes they use, and they pay less tax, than the average small business owner. Which he also recognized isn't as large as we like to force it to be.

Being so, wants to close the loop holes Corporations use, BEFORE he lowers the Corporate tax rate.

We aren't really working in a free market right now. Us legal U.S. adult companies, 99% of us aren't large enough to use even 1% of the loop holes. We already get amazing tax benefits just by owning a company.

In short, the majority monster companies making hundreds of millions even billions of dollars (think of that, our biggest companies make 50m - 100m a year, and that's very few) these mainstream monster companies, pay less tax that even most of our Industry Companies. It's equal to about 10 million a year, many hundo million + companies pay the range of 250-500k a year Companies.

So we all get the tax benefit of owning a company, but most of small business owners never get a chance to use a loop hole, and if you did, your ass would get bent over backwards by the IRS......

Most of us, should support Obamas Corp tax correction theory, even though he hasn't clearly stated what Corp taxes could/would drop and by how much.

Now McCain did, but the tiny piss amount he lowered the Corp Tax gain tax, isn't going to stimulate shit. Almost all tax cuts are pointless for Corps other than the incoming tax gain tax and a few points on that does nothing, he needs to drop to like 10%.

[sperbonzo]

Originally Posted by tony404

Actually unlike porn where everyone makes millions, most small businesses fall under the 250k.

Sorry Tony, you know I love ya, but you don't seem to understand small businesses at all. Remember that corporate taxes are on the revenues in to the business, NOT the salaries or the money that the company owner can pull out of the business. E.G. The average plumber with a truck and an assistant has corporate revenues over 250k. That does NOT mean that this is what he takes home or claims as a salary!

39% of small businesses have average payrolls over 196k per year. So if you payroll is greater than 196k you've got to be making more than 250k.

.

[TheDoc]

Originally Posted by TheDoc

In short, the majority monster companies making hundreds of millions even billions of dollars (think of that, our biggest companies make 50m - 100m a year, and that's very few) these mainstream monster companies, pay less tax that even most of our Industry Companies. It's equal to about 10 million a year, many hundo million + companies pay the range of 250-500k a year Companies.

I forgot to add, many pay no tax or so little it's sick, like sales tax only type stuff. Talking multi hundo million or even billion dollar size companies, paying zero or less tax than 99% of everyone ever registered on this forum pays.

Obama idea sounds logical to me, how can you lower taxes or know where to lower corp taxes, if the largest producers of income don't contribute to the pie? Maybe if they paid on the same rate level as we do, then me and you could pay far less tax in many other areas, since more tax is actually now being added into the system, rather than moved into other Countries/Banks that help them - and not America.

[TheDoc]

Originally Posted by sperbonzo

Sorry Tony, you know I love ya, but you don't seem to understand small businesses at all. Remember that corporate taxes are on the revenues in to the business, NOT the salaries or the money that the company owner can pull out of the business. E.G. The average plumber with a truck and an assistant has corporate revenues over 250k. That does NOT mean that this is what he takes home or claims as a salary!

39% of small businesses have average payrolls over 196k per year. So if you payroll is greater than 196k you've got to be making more than 250k.

.

The problem with your number is Small Business at the Gov standard, isn't really small business. So your 39% is part of the numbers below....

Tony is correct, the majority of small Companies are at the 250k range (I heard 250-500k). But even banks, like BoA, the largest Corp account owners, most Corp accounts are down around the 250k range annually.

Small Business by GOV Standards...
Industry Not to exceed
Manufacturing and mining 500 employees
Wholesale trade 100 employees
Retail and service $6 million average annual revenue
General and heavy construction $28.5 million average annual revenue
Special trade contractors $12 million average annual revenue
Agriculture $0.75 million average annual revenue

[wtfent]

Originally Posted by PSSuperstars

http://taxcut.barackobama.com/

Figure out your taxes
Married, filing jointly, college expenses, retirement ... 150-200k.... 1300 savings. McCain, nada.

You will probably not get a tax cut under the Obama-Biden plan.


DAMN!!!

[Tom_PM]

Did anyone really think that the Government standard for a "small" business would be the same as yours and mine? Oh come now :D heheee

When is a politician obfuscating? When their lips are moving. Better still, when they've given a quote with permission to attribute it to them.

It's like in retail if a customer says "no", it really means, "I do not yet have enough information to make a qualified decision. Please, tell me more mister handsome sales dude."

So when a politician says something, take it as an opening to dig for the meaning. Because even if you think it's clear, it's NOT, lmao.

[AlienQ - BANNED FOR LIFE]

All I know is when some body say's tax the higher income bracket and bring back the middle class... It gives me a hard on.

When someone says tax companies that out source more than domestic companies it gives me a hard on.

The rich fucks in America have fucked the american people under Republican rule. Rich fucks do not bring money to the country, they do not bring jobs to the country, they hire broke fucks in 3rd world countries and evade American taxes.

Its about the fuck time they pay for some shit.

[tony286]

Originally Posted by sperbonzo

Sorry Tony, you know I love ya, but you don't seem to understand small businesses at all. Remember that corporate taxes are on the revenues in to the business, NOT the salaries or the money that the company owner can pull out of the business. E.G. The average plumber with a truck and an assistant has corporate revenues over 250k. That does NOT mean that this is what he takes home or claims as a salary!

39% of small businesses have average payrolls over 196k per year. So if you payroll is greater than 196k you've got to be making more than 250k.

.

A large chunk of my work history has been for mom pops. Not to mention Ive had my own small business for almost 9 yrs. So Im not speaking out turn.Also small business owners have a person called an accountant. So you are never paying on every dollar that comes in.