Obama pledges unity

[Galahad]

From 35%-39%

OK. 39% is 11% higher that 35%.

but only that higher portions of their income gets that increase, unless they change all of the brackets. Still, it's more that 4%. Much more for the 7 figure guys.

 

[minnie61650]

....

But most of it will not include those multi millionaires. I could be persuaded that those CEOs making 100s of millions while companies falter and their workers get the shaft have some comeupance coming. But most of those people making 200K, 300K, etc. are wage earners. Even if it's a high wage they are getting that income through no less honorable methods that the person making 50K.

I agree.
I was just pointing that out for those looking at chart so they understand that the top part of the chart is averages.

Not everyone making over $227,000 will see a tax increase of $23,000 under Obama's plan and not everyone making more than $227,000 will pay $15,000 less under McCains plan.

 

[just4today]

Oh, I cannot wait for you to quote the portions of your moral code that justifies such excessive disparities between rich and poor. I've never seen a single statement of any moral code that justifies such exploitation of one's power. As a matter of fact, I think Spinoza proved definitively that a moral code could not be internally consistent with principles that permitted any type of excess. That's not a religious belief, but rather a conclusion of logical reason.

My moral code is biblical, so I doubt you'd find much use for it. I could include many verses of scripture here to support my thoughts. I would make no difference to you.

 

[Disney Doll]

Nice thought.
Won't happen.

 

[Disney Doll]

No sweetie, you get used to it...Get used to a Barack Obama presidency!!! You and yours can wallow in your misery Have fun Maybe someone will put you out of it on November 4th.

What a nasty post.

 

[Laura]

This supports a suspicion of mine.....that for many people it's more about making sure your personal opposition suffers than anything else. Government according to "sticking it to 'em". How many will be celebrating next week, not because of what Senator Obama will do but because of how they imagine "those people" are miserable because of it?

That's a very good point. On the DIS four years ago, there was a good number of conservative posters who really just wanted to rub in Kerry's loss more than celebrating Bush's victory. I know I didn't appreciate it, and have no intention of making them eat crow if Obama wins.

 

[SydneyBristow]

I would love to see this country more united.

 

[Geoff_M]

With Obama's Plan there should be a surplus of 700 billion dollars.

By raising taxes from 35% to 39% on those families making more than $250,000 he should have a 700 billion surplus even after the tax breaks are given to the middle class.
----------------------------

According to the following website the Obama plan would add 700 billion dollars to the Federal budget.

With McCain's plan the Federal budget would have a 600 billion dollar deficit.

Here's the problem... A "plan" isn't legislation. Candidates' "plans" are nothing more than rough sketches of what they want to do. There's a reason why one expert, after analyzing a given candidates "plan", may declare that it will cost X dollars and another will say that it will save Y dollars... and both are "correct". The problem with rough ideas are that they leave out a lot of important details. These details often will have significant impacts on the costs as well as benefits of a given "plan" when turned into "law". The experts are left to guess important details missing from candidate plans when arriving at their conclusions. However, on the campaign trail, the candidates don't have to worry about such "minutia".

Another thing to remember, that promises on the campaign trail are "subject to change without notice". A case in point was the last Democratic President's initial promises of middle class tax cuts out on the stump. After election, they fell by the wayside and he even went so far as to deny that he had promised them in the first place. It wasn't until after the results of the 1994 mid-term elections that he suddenly decided again that maybe they'd be a good idea after all.

On the DIS four years ago, there was a good number of conservative posters who really just wanted to rub in Kerry's loss more than celebrating Bush's victory. I know I didn't appreciate it, and have no intention of making them eat crow if Obama wins.

I think you're missing a small piece of the story... A lot of the post election "blow-back" in 2004 was due to some of the Kerry supporters that were a little, shall we say, "cocky" about the presumption of the winner beforehand. I recall one individual in particular that repeatedly all but "guaranteed" to me a Kerry win because he "won" all of the debates, for example. The moral of this tale is: If you don't want "blow-back", then don't get cocky.

 

[bicker]

No, no -- please: Tell me which scriptures advocate specifically an unrestrained, ever-increasing, gap between rich and poor?

 

[bicker]

I would love to see this country more united.

Ridge/Snowe 2012!

 

[mickeysgal]

No sweetie, you get used to it...Get used to a Barack Obama presidency!!! You and yours can wallow in your misery Have fun Maybe someone will put you out of it on November 4th.

Now there's some misery right there.

Wow.

Nice attitude.

 

[a1tinkfans]

Nice thought.
Won't happen.

Unfortunately, I agree. I think the country is MORE divided than EVER!!

 

[just4today]

No, no -- please: Tell me which scriptures advocate specifically an unrestrained, ever-increasing, gap between rich and poor?

Please show me where I said anything about supporting that specifically, or where I claimed I had scripture that supports that issue specifically. I said my moral code is based on scripture and that I could provide examples that back up my thoughts (on any number of subjects, not only taxes). However, this not being a religious discussion, I won't do that. It would make no difference anyway, and you know that.

My point, which has been lost here, is that you seem to be chastising me (and anybody who disagrees with your statement about the gap between rich and poor for whatever reason) for not having the proper morals. Yet on the other hand, you vigorously object to Palin's alleged interjection of her morals upon you. I find this to be contradictory.

 

[Galahad]

No, no -- please: Tell me which scriptures advocate specifically an unrestrained, ever-increasing, gap between rich and poor?

There are none, of course. But there would be plenty to support an opposition to government redistribution as a means to resolve the gap. FWIW, Jesus was demonstrably anti religion AND anti government.

 

[Master Mason]

From 35%-39%

PERCENT INCREASE = (new amount - original amount)/(original amount)

(39-34)/39 = .1026 = 10%

 

[minnie61650]

PERCENT INCREASE = (new amount - original amount)/(original amount)

(39-34)/39 = .1026 = 10%

Thanks for info.

Boy, I am glad I have a good tax accountant since math was never my forte'.

 

[CapeCodTenor]

Wow! I don't care if I get points or not but I have to say that I have never seen sooooo many MISERABLE people in my entire life!!! How do some of you get the strength to wake up in the morning??? Good grief I truly feel sorry for some of you and I am not just saying that. I truly do. With all the Disney Dreams and Disney Vacations and Disney Love that comes spewing out of some of you on the other boards it is such a shock to see so much misery.

Miserable? You know what, it's not even worth it. I'll save my breath.

 

[Galahad]

PERCENT INCREASE = (new amount - original amount)/(original amount)

(39-34)/39 = .1026 = 10%

But It's (39-35)/35 since it is the % increase from the current amount (35) (so it's 11.4%). When it was reduced it was a decrease of 4 points from 39, which was 10%.

 

[Master Mason]

But It's (39-35)/35 since it is the % increase from the current amount (35) (so it's 11.4%). When it was reduced it was a decrease of 4 points from 39, which was 10%.

Yep your right, I quoted the formula which was correct and then put the wrong number into it. Doh!!! That's what I get for doing math when I am still half asleep.

ETA: And to be fair, that is an incremental tax rate, so only after the the 200K/250K threshold is reached does that rate kick in.

 

[mirmartinez]

Unfortunately, I agree. I think the country is MORE divided than EVER!!

When Bush "won", I was so angry.(both times).
I believed 100% he would destroy our country.
The news was going on and on about how Bush needs to unite us.

Well as the end of his reign comes closer, I must say
.... it was as bad as I feared

Seriously,
I found that people move on. Move on and make the best with what your dealt.