1) I decided to check out Obama’s tax claims since he has previously voted to increase taxes on folks with income as low as $42000.I researched IRS tax tables for Tax Years 2000(Clinton) and 2007(With Bush Tax cuts included) .Without Bush Tax cuts,a person with a $5 Taxable Income will have their taxes doubled, from $1 to $2.A person with $1000 Taxable Income has to pay $50 more in taxes. This is before Obama credits.Obama also doesn’t say what tax base he gives his credit on- Clinton’s or Bush base.I undertand that Bush Tax cuts are to end in 2010, but a Super Dem Congress(GOD HELP US!!!) could probably revoke them prior to 2010. Here’s the data on average taxpayers
in $)I used Single on tax tables for the example.TaxableIncome 2000 2007 tax increase w/o Bush cuts32000 5555 4430 1125 increase45000 9195 7680 1515 increase60000 13395 11430 1965 increase75000 17939 15180 2759 increase99000 25379 21838 3541 increaseThis proves that 1) President Bush’s Tax cuts ARE NOT JUST FOR THE RICH,as Senator Obama and Democrats claim DAILY2) Senator Obama’s claim that taxesfor the middle class, will not go up under his administration, is not true!!!!Even if he gives people at these income levels a $1000 tax credit, once Bush Tax cuts are revoked, their taxes will still increase over Tax year 2007.To check out additional incomes: Go to http://www.irs.gov, download pdf files for1040 Instructions for both years, then go to tax tables near the end of each file and compare year 200o (Clinton) vs, 2007 (Bush).2) Please ignore Obama's commercials on McCain policies. He leaves out the truth and here are just a couple of examples:a)McCain will cut your Social Security/Medicare in half: NOT TRUE- McCain in a bipartisan manner is open to all suggestions and knows action must be taken! Obama will not increase retirement age: therefore, he will increase SS taxes on all.
McCain will make your health care cost more and you could lose your present employer healthcare: NOT TRUE- Obama will fine even small businesses for not providing healthcare. Employers will be forced to lay off people to pay for required healthcare. You willl be forced to have healthcare.What happened to Freedom?Hope you find this interesting AND VOTE McCain/ Palin and get others to do the same!I love Palin, McCain not so much, but I am voting against Obama, the Marxist who will drastically change America as we know it today!
in $)I used Single on tax tables for the example.TaxableIncome 2000 2007 tax increase w/o Bush cuts32000 5555 4430 1125 increase45000 9195 7680 1515 increase60000 13395 11430 1965 increase75000 17939 15180 2759 increase99000 25379 21838 3541 increaseThis proves that 1) President Bush’s Tax cuts ARE NOT JUST FOR THE RICH,as Senator Obama and Democrats claim DAILY2) Senator Obama’s claim that taxesfor the middle class, will not go up under his administration, is not true!!!!Even if he gives people at these income levels a $1000 tax credit, once Bush Tax cuts are revoked, their taxes will still increase over Tax year 2007.To check out additional incomes: Go to http://www.irs.gov, download pdf files for1040 Instructions for both years, then go to tax tables near the end of each file and compare year 200o (Clinton) vs, 2007 (Bush).2) Please ignore Obama's commercials on McCain policies. He leaves out the truth and here are just a couple of examples:a)McCain will cut your Social Security/Medicare in half: NOT TRUE- McCain in a bipartisan manner is open to all suggestions and knows action must be taken! Obama will not increase retirement age: therefore, he will increase SS taxes on all.
