Obama? Can ANYONE Trying to Retire Afford Him?

9-16-08 | Maclogo

[trumandogz]

That means if you make $10,000 in a given year on your hard-earned investments, you will pay an extra $3300.

You may want to check your math,

[rfreedom4u]

A more fitting question should be, “Can anyone afford him?” What happened to the days when if you couldn’t run your business right, you went out of business? Someone else will come along and open another business. Obama spoke days ago about “personal responsibility.” Where is the personal responsibility of business owners who can run a business?

I believe Americans need to stop buying so much crap on credit. Maybe that will help the economy.

[thecabal]

Come on, everyone knows that only the rich have capital gains.

[sten]

that’s nothing. wait until he pushes reparations... $100k per black person (and probably newborns for 6-10 years)

[sixthousandrpm]

Obama would raise capital gains taxes to 20% for some people making 250k+, but actually cut capital gains taxes to 0% for small businesses and other investments which are good for our economy in the long run. I know I’ll probably get flamed for this, but here it goes — I was initially VERY opposed to Obama’s ideas on cap. gains when he made the “no higher than 28%” remark, but I after he’s come out with specifics, I actually think his ideas on this issue are pretty reasonable and somewhat sound economically — tax wealth which is stagnant, but incentivise riskier investment that leads to innovation.

http://www.barackobama.com/pdf/taxes/Factsheet_Tax_Plan_FINAL.pdf

[Kickass Conservative]

What Small Business's pay Capital Gains Taxes, house flippers on HGTV?

S Corps pay regular Income Tax, which Obama will raise to be “fair”.

“Neigborlyism” is his new word to replace Marxism. UNREAL!

[Kitanis]

Ok I went to the PDF.. and read it.. and looked at the three points he touted. Point Two makes NO sense. "• Families making more than $250,000 will pay either the same or lower tax rates than they paid in the 1990s. Obama will ask the wealthiest 2% of families to give back a portion of the taxes they have received over the past eight years to ensure we are restoring fairness and returning to fiscal responsibility. But no family will pay higher tax rates than they would have paid in the 1990s. In fact, dividend rates would be 39 percent lower than what President Bush proposed in his 2001 tax cut." How can you ask families making more than $250,000 a year to pay more taxes and then say that you will be paying less than in 1990.. and his Top 2% of the nations wage earners can not possibly fund all the other pipedreams in his planned programs. the 2nd point in there is even more disturbing...take a over all ammount of taxes over eight years? That pure socialistic INCOME distribution by telling the rich that Sorry.. we took income tax on your earnings.. but you have to pay more after we re-look at your tax balances over the previous 8 years.

[judsonlegacy]

I won’t be able to afford to retire regardless of who is elected.

[judsonlegacy]

I have zero retirement funds but no land on which to grow my own garden.

I live in a house that generates $3000/month in rent, so I see no reason why these foreclosed homes should not be able to produce enough omney to make the lenders whole.

[judsonlegacy]

Why should a white person making minimum wage pay reparations to a black person making $100K?

[sten]

how about flipping around the current tax mindset?

why should i, after working 80-100 hrs/week for 20+ years give over 50% of my income... to support those that refuse to work even a full 40?

why did i bother going to school all those years to support those that would rather party then study?

when 'the one' starts talking about what's 'fair'... these are the thoughts that jump into my head

as for why EVERY non-black person should pay into the tax system that would award ALL blacks a chunk of reparations... liberal-think says all blacks are due this as some form of debt payment due to slavery (when was that again??)

and if 'the one' gets elected, my company will leave the US instead of paying into such a corrupt system (as will, i would imagine, many of the 5% getting hosed by 'the ones' tax policies)