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Thread: Obama tax plan: $80 billion in cuts, five-minute filings

  1. #71
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    Re: Obama tax plan: $80 billion in cuts, five-minute filings

    Quote Originally Posted by Deuce View Post
    Here's a tip that might help you:

    Not paying income taxes is not the same thing as not paying any taxes.
    True.... so what taxes did Barry lower for 97% of the population?
    There is no such thing as a “Natural Born Dual-Citizen“.

    Originally Posted by PogueMoran
    I didnt have to read the article to tell you that you cant read.

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    Re: Obama tax plan: $80 billion in cuts, five-minute filings

    Quote Originally Posted by Crunch View Post
    True.... so what taxes did Barry lower for 97% of the population?
    Clarification, 95% of working families got a tax cut, not necessarily 95% of the population. If you had no income there's no income tax to cut. Or if your work was off the books. Or if you're retired or something, I guess.

    On further investigation, it was income tax! So while factually correct, my previous statement about "not paying income tax and not paying tax being different" is not really relevant.
    The tax credit occured on the employer-withholding side. 95% of working families got a $400 or $800 tax credit, in the form of less withholding from your paycheck.
    edit: On further further investigation, if your tax liability was so low as to have you actually not having withholdings or not paying income tax, it basically ends up being a $400/$800 check similar in nature to previous stimulus checks. I guess in those cases "bonus income" or something would be a better description, but the effect is the same.

    edit again: Why do you call the president Barry? Do you think it helps your argument?
    Last edited by Deuce; 07-19-10 at 05:54 PM.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

  3. #73
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    Re: Obama tax plan: $80 billion in cuts, five-minute filings

    Quote Originally Posted by Deuce View Post
    Clarification, 95% of working families got a tax cut, not necessarily 95% of the population. If you had no income there's no income tax to cut. Or if your work was off the books. Or if you're retired or something, I guess.

    On further investigation, it was income tax! So while factually correct, my previous statement about "not paying income tax and not paying tax being different" is not really relevant.
    The tax credit occured on the employer-withholding side. 95% of working families got a $400 or $800 tax credit, in the form of less withholding from your paycheck.
    edit: On further further investigation, if your tax liability was so low as to have you actually not having withholdings or not paying income tax, it basically ends up being a $400/$800 check similar in nature to previous stimulus checks. I guess in those cases "bonus income" or something would be a better description, but the effect is the same.
    So you are claiming a tax rebate is a tax decrease?.... ok, $400 per person, be still my beating heart.

    The budget proposal that the Obama Administration released on February 26, 2009 calls for $989 billion in additional taxes over the course of the next 10 years. Starting in 2011, Obama would raise $636 billion from individuals and $353 billion from businesses over 10 years.

    But, maybe more significant than the additional tax revenue, Obama is also proposing to shift the source of approximately $65 billion a year federal government receipts from individual income taxes to climate taxes.

    Let’s take a look.

    Tax Increases on Individuals
    The tax code is about to get a bit more progressive. Obama proposes to raise approximately $635 billion over the ten years starting in 2011 from the highest earning tax payers. These tax increases are to be used as a down-payment on comprehensive health care reform.

    $338 billion - The bulk of the increase in government revenue will come from the Obama Administration’s decision to let the Bush tax cuts expire after 2010 for married couples who earn more than $250,000 in gross income and singles who earn more than $200,000. The top two federal income tax brackets would rise to 36 percent and 39.6 percent from 33 percent and 35 percent, respectively.

    $179 billlion - Obama’s budget proposal would cap at 28% the tax break for itemized deductions. Essentially, this means that those persons in the highest tax brackets, soon to be 36 percent and 39.6, will not receive a deduction for the full amount of their mortgage interest, state and local taxes and charitable contributions.

    $118 billion - Obama proposes to raise the capital gains income tax five percent, to 20 percent. Approximately $24 billion of this amount comes from the Obama proposal to tax the profits of private-equity fund managers and venture capitalists as ordinary income instead of capital gains.
    Details of Obama’s 2009 Tax Increase Proposals

    The Messiah givith, and the Messiah takith away.

    edit again: Why do you call the president Barry? Do you think it helps your argument?
    Barry Soetoro was Barry's last known legal name.
    There is no such thing as a “Natural Born Dual-Citizen“.

    Originally Posted by PogueMoran
    I didnt have to read the article to tell you that you cant read.

  4. #74
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    Re: Obama tax plan: $80 billion in cuts, five-minute filings

    Quote Originally Posted by Crunch View Post
    So you are claiming a tax rebate is a tax decrease?.... ok, $400 per person, be still my beating heart.
    Yeah, it's not much. But it exists. If it is assessed on your tax return, is there really a difference between a rebate and a decrease? This is literally a semantic argument you're making.

    Details of Obama’s 2009 Tax Increase Proposals

    The Messiah givith, and the Messiah takith away.
    We've got to repay the debt created by previous tax cuts.

    Barry Soetoro was Barry's last known legal name.
    His birth certificate says Barack Hussein Obama on it...
    Barry Soetoro appears to be a birther myth.
    Edit: It actually appears to be an April Fool's joke that the birthers took as truth and ran with it!
    Edit2: More investigation reveals that he seems to have gone by the nickname "Barry" in college, which probably somehow lead to this myth. Soetoro, on the other hand, was never his last name.
    Last edited by Deuce; 07-19-10 at 06:49 PM.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

  5. #75
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    Re: Obama tax plan: $80 billion in cuts, five-minute filings

    Quote Originally Posted by Deuce View Post


    His birth certificate says Barack Hussein Obama on it...
    Barry Soetoro appears to be a birther myth.
    That is a Faither myth.

    He has not shown anyone a Birth Certificate. (and you know that)

    Barry's Sekolah Dasar Negeri 04 registration....

    There is no such thing as a “Natural Born Dual-Citizen“.

    Originally Posted by PogueMoran
    I didnt have to read the article to tell you that you cant read.

  6. #76
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    Re: Obama tax plan: $80 billion in cuts, five-minute filings

    Quote Originally Posted by Crunch View Post
    That is a Faither myth.

    He has not shown anyone a Birth Certificate. (and you know that)

    Barry's Sekolah Dasar Negeri 04 registration....

    This appears to only prove that a man by that name exists. Meanwhile, the birth certificate certified by the state of Hawaii has a different name.
    Also:
    snopes.com: Obama's Occidental College Records / Meet the Soetoros
    You've been had, my friend!
    To clarify: His mother did remarry someone with the last name Soetoro, but the US does not have any record of him using that name. He attended school in the US under the name Obama.

    Edit: And yes, he's shown his birth certificate. It's been freely available since before the election and has been certified by more than one state official in Hawaii. Birthers are delusional.
    http://yfrog.com/n4birthedp
    This is what Hawaii will give you if you ask them for a birth certificate.
    Last edited by Deuce; 07-19-10 at 07:26 PM.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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