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barack obama,john mccain,tax plan,cnn,veracifier,tpm Run down of tax plans from Obama & McCain

Run down of tax plans from Obama & McCain

posted by NetRunner 1 year 5 months 3 weeks ago • 3017 views
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The full report is available here.

The report comes from the Brookings Institute, a conservative-leaning think tank.

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always good to see the media clarifying and reporting on substantive issues. that's real journalism folks!


written by aaronfr  | 1 year 5 months 3 weeks ago | CH
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And what happens if you're making between 161k and 2.9m?


written by davidraine  | 1 year 5 months 3 weeks ago | CH
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They don't even bother to ask which money McCain is not going to spend in order to give EVERYONE a tax break.

As an aside, The pres has no say on taxation, only spending, by submitting a budget. Why are presidents supposed to have taxation schemes, when that is the job of the legislature?


written by dgandhi  | 1 year 5 months 3 weeks ago | CH
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>> ^DavidRaine:
And what happens if you're making between 161k and 2.9m?


I updated the summary to include the link to the full report.

If I recall correctly, that range contains the crossover from net reduction, to net increase. When all people in that range are averaged together, it ends up being a very slight reduction. However, that's balancing a relatively large number of people in the $180,000-ish range who get a fairly substantive tax cut, with a smaller number people who get over $500,000 who get a pretty big tax hike.

The Obama talking point is that the changeover is designed to happen at $250,000/yr income, which seems borne out by this report.


written by NetRunner  | 1 year 5 months 3 weeks ago | CH
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I also think the CNN reporter highlights another conservative myth successfully pushed by the Republican party with her "You would expect the Democrats to raise taxes on lots of folks, not just the super-wealthy."

Only if you get all your information from the Republican party, lady.


written by NetRunner  | 1 year 5 months 3 weeks ago | CH
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>> ^aaronfr:
always good to see the media clarifying and reporting on substantive issues. that's real journalism folks!


It's closer than we're used to but not quite real journalism, it just seemed so because of what we've got to compare it to these days. Real journalism might have drawn a sharp difference between expiring temporary breaks Bush and a complicit congress gave the rich and actual new taxes rather than trying to paint the expiration what was a temp measure as a new tax. That's the biggest part of that jump for the rich, not new taxes or "going after" anyone as she said at 1:40 or so.


written by drattus  | 1 year 5 months 3 weeks ago | CH
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>> ^DavidRaine:
>> And what happens if you're making between 161k and 2.9m?

Unfortunately, you are killed by roving death squads.


written by deathcow  | 1 year 5 months 3 weeks ago | CH
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>> ^DavidRaine:
And what happens if you're making between 161k and 2.9m?

>> ^NetRunner:
I updated the summary to include the link to the full report.


Thanks! I'll check it out.


written by davidraine  | 1 year 5 months 3 weeks ago | CH
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Why do presidental candidates HAVE TO change taxes? It seems to me that Americans need to have "tidal taxes" that swing back and forth with each president.


written by gwiz665  | 1 year 5 months 3 weeks ago | CH
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It's so nice to have objective material to see.


written by Aemaeth  | 1 year 5 months 3 weeks ago | CH
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Wait - low income starts at $33k?!?!

What the hell does that mean for me? I'm poverty stricken? I make way less than that!


written by MarineGunrock  | 1 year 5 months 3 weeks ago | CH
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Yep, I guess we're some poor sonsabitches, MG.

Right now I'm sitting in my apartment ($385/month) at my desktop (2001 Compaq) after just riding my bike ($300) to a wedding where I gave the bride and groom some framed photographs of themselves ($5).

... hold the phone... I AM poor! When did this happen?


written by bamdrew  | 1 year 5 months 3 weeks ago | CH
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Up vote for the link more so than the video. And Democrats have been the better purely economic choice for the majority of Americans since FDR. What is she thinking?


written by vermonter  | 1 year 5 months 2 weeks ago | CH
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Finally progressive tax structures, not regressive. Bush was a fucking idiot. The middle class needs to recover.


written by Farhad2000  | 1 year 5 months 2 weeks ago | CH
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and who is CNN voting for? I KNOW!


written by 10040  | 1 year 5 months 2 weeks ago | CH
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Nvm. Interesting comparison.


written by Chaucer  | 1 year 5 months 2 weeks ago | CH
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>> ^dgandhi:
They don't even bother to ask which money McCain is not going to spend in order to give EVERYONE a tax break.

The days are long gone that the Republicans can play the "we are going to cut spending" card. They've been in charge of Congress more or less since 1994 and have out spent the Democrats...and that's not even counting the "trillions" spent off the budget on Iraq.


written by Grimm  | 1 year 5 months 2 weeks ago | CH
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I make under 20k and have to pay about 20% in combined social security tax / income tax / sales tax. Meanwhile, the capital gains tax rate is 15%.


written by jwray  | 1 year 5 months 2 weeks ago | CH
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This is kind of pointless without a discussion of how realistic these tax plans are with respect to the candidates' budget plans.


written by rychan  | 1 year 5 months 2 weeks ago | CH
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I say we take half of everything a person earns over a million


written by Ryjkyj  | 1 year 5 months 2 weeks ago | CH
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WOW, I hope the low and middle class votes he picks up from this far outweigh the rich votes he just lost.


written by viewer_999  | 1 year 5 months 2 weeks ago | CH
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I guess anyone earning less than $38k in McCains plan gets sent to the numerous war fronts he plans to open up.


written by honkeytonk73  | 1 year 5 months 2 weeks ago | CH
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>> ^MarineGunrock:
Wait - low income starts at $33k?!?!

What the hell does that mean for me? I'm poverty stricken? I make way less than that!

National averages I guess. I make a decent amount more but because of cost of living of where I live(ie, I couldn't get a room to rent below $750/month). I think that number comes from a national average that incorporates cost of living adjustments.


written by rottenseed  | 1 year 5 months 2 weeks ago | CH
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> I gave the bride and groom some framed photographs of themselves ($5).

Look we got a restraining order, if we see you at our bedroom window again with a camera I don't know whats going to happen.


written by deathcow  | 1 year 5 months 2 weeks ago | CH
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*promote


written by Fjnbk  | 1 year 3 months 1 week ago | CH
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Promoting this video back to the front page; last published Friday, June 13th, 2008 5:58am PDT - promote requested by Fjnbk.


written by siftbot  | 1 year 3 months 1 week ago | CH
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I smell flawed criteria. 38k - 66k is low income? Even in Los Angeles this is bullshit. In any event, why does the government deserve that extra income tax? That's the real question. Take that NetRunner and DFT!


written by blankfist  | 1 year 3 months 1 week ago | CH
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^ We've got to pay for the Stargate program somehow.


written by NetRunner  | 1 year 3 months 1 week ago | CH
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For those of you shocked that they consider 38-66k low income, you're right. In 2005 the median personal income for adults (over 18) in the US was $25,149, if you only count people over 25, it's $32,140. Seems kind of messed up that they would report on the possible injury to multi-millionaires, but not even bother to mention the majority of Americans, who fall in the undefined "lower then low" category.

http://en.wikipedia.org/wiki/Personal_income_in_the_United_States


written by entr0py  | 1 year 2 months ago | CH
 0  | flag spam (0)
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