Comments on: Obama And McCain Plans For Income Taxes

CBS Evening News: How The Candidates' Proposals Would Affect Your Wallet

[scworker]

Let me get this straight.

The Beacham''s, who paid no taxes last year, will get a check for $2200 if Obama wins. The Foo''s, who were in a 15% tax bracket last year, will see a reduction in taxes if either candidate wins. And, the Wilson''s, are in a 28% tax bracket now, could possible pay as much as 36% if Obama wins.

Tell me how any person can think that the rich are the ones that always get a tax break?? Open your eyes people. The more money you make the higher percentage of taxes you pay!!! The democrats keep trying to convince poor people that the rich keep getting richer, and they keep believing it.

WHEN YOU ROB FROM PETER TO PAY PAUL, YOU WILL ALWAYS HAVE THE SUPPORT OF PAUL!

[paco6945]

Faizal: The majority of state income (taxes, royalty payments?) collected by Alaska is revenue from oil production. Texas and Louisiana also garner a large amount of state income from oil.

I suppose a case can be made that the Alaska state government shouldn''t get any more revenue from oil produced there than, say, Vermont or Kentucky.

On the other hand, would that mean that the resources of all states belong collectively to everyone in every state. West Virginia coal, Iowa corn (deep soil and water from the Missippi/Missouri), maybe even revenue from ski resorts in Colorado (a lot of snow falls on mountains there).

[rowdyheckno]

I am quite disappointed that you gave a potential tax increase to he Wilsons based on potential increased income. You based the $5000 on 250,000 plus, not $213,000. The amount they would pay in keeping things constant as with the Beachers and the Foos would be negligible.
This read like something spun by a politician, there is no place in the news for this at this very crucial time in our history.



--------------------------------------------------------------------------------

Posted by HOCKEY013 at 01:10 PM : Sep 10, 2008

Actually, it''s quite understandable, the Wilson''s are doers and achievers, and the probability that they are going to make MORE money next year is very high!
Mr. Wilson is evidently not a person stuck in a do-nothing job year after year after year expecting to half live off his incometax return!

[gun_tower]

Latest poll NBC poll shows Obama leading 47% to 46%.

-- Posted by Faizal3

Correct. This poll is the "Gold Standard" of conventional polling.

It''s the one we''ve been waiting for to assess the Palin "bounce."

There is no bounce.

Not anymore.

McCain''s RCP average has been dropping all week, so this was expected.

GOOD NEWS, MY FRIENDS!

[hockey013]

I am quite disappointed that you gave a potential tax increase to he Wilsons based on potential increased income. You based the $5000 on 250,000 plus, not $213,000. The amount they would pay in keeping things constant as with the Beachers and the Foos would be negligible.
This read like something spun by a politician, there is no place in the news for this at this very crucial time in our history.

[gun_tower]

NBC News/Wall St. Journal

National: Obama 47, McCain 46

The Palin bounce is over.

[faizal3-2009]

From Time magazine post - this date.

if it couldn''t support itself, Alaska also ranks No. 1, year after year, in money it sucks in from Washington. In 2005 (the most recent figures), according to the Tax Foundation, Alaska ranked 18th in federal taxes paid per resident ($5,434) but first in federal spending received per resident ($13,950). Its ratio of federal spending received to federal taxes paid ranks third among the 50 states, and in the absolute amount it receives from Washington over and above the amount it sends to Washington, Alaska ranks No 1.

[faizal3-2009]

From the Time magazine post this morning.

Back to reality. Of the 50 states, Alaska ranks No. 1 in taxes per resident and No. 1 in spending per resident. Its tax burden per resident is 2 1/2 times the national average; its spending, more than double. The trick is that Alaska''s government spends money on its own citizens and taxes the rest of us to pay for it. Although Palin, like McCain, talks about liberating ourselves from dependence on foreign oil, there is no evidence that being dependent on Alaskan oil would be any more pleasant to the pocketbook.

[nevadapundit]

While Bush''''s handling of the economy is bad the base foundation of Obama''''s plan is devistating.

http://nevadapundit.word
press.com/2008/09/10/obamanomics-the-ess
ence-of-anti-american-values/

[mabourn]

SMcGinnis321, the number I used claimed to be for a starting teacher in OH. See below. While I can not personally vouch for the numbers, I think it would have been a better story if they had split the income out by how much each person made. I would have also liked to know if either of the first two home / small businesses hired employees. I think this would have been relevant to the discussion. I have owned a small (20 employees) business in a VERY heavily taxed state and believe me, I know what high tax rates can to your ability to expand, hire new employees, give raises, etc. I now work for a large multi-national corporation and even now I can see the affect that the companies bottom line has on yearly pay increases and the quality of the benefits we receive. As it is, this story left me with more questions than answers. The source for my numbers was:

http://www.teacher-world.com/statespages/Ohio.html


Average Beginning Teacher Salary:

$31,703
Average Teacher Salary:
$46,597
Average Administrator Salary:

$76,050
Elementary School Principals:

$75,144
Middle School Principals:

$80,060
High School Principals:

$86,160

If you give me a citation for other numbers with regard to salaries in Ohio I would love to see them.

[john43218]

John McCain is a %u201Chero%u201D to U.S. taxpayers for his lifetime record of resisting earmarks, while Barack Obama and Joe Biden are %u201Chostile%u201D and %u201Cunfriendly,%u201D a government spending watchdog group has concluded.

In its new report, the Council for Citizens Against Government Waste gave the Republican presidential nominee a 100 percent rating for his votes in the Senate last year, and a lifetime score of 88 percent.

By comparison, the nonpartisan, nonprofit group, which is the lobbying arm of Citizens Against Government Waste, assigned Obama, the Democratic presidential nominee, 10 percent last year and a lifetime score of 18 percent. Biden, Obama%u2019s running mate, scored 0 percent last year and an overall score of 22 percent.

[kokiwilson]

Prior to 1913 there were no income taxes. What''s you point? I imagine it doesn''t look longingly to that time....
Prior to 1913 there were a few robber barons. There were exponentially more people than there are now without any notion of medical care, with 70 hour work weeks, with not enough heat, with less than the barest of minimum. Workers were purely cogs in a wheel of industry, whether in the city, or in the rural mines. We were still largely agricultural. Oh, and women didn''t vote.

[cukidoh]

I have a problem with how unfairly you did the numbers to get the result you wanted to portray. On all incomes you used their current income, except on the Wilson''s-- you assume at $213,000 currently, they MAY make more in the future. Do the numbers with their current income! they gain with the Obama plan, making it the most popular tax relief plan. There is enough misinformation in the media, please be straight forward. As a rich person, most of my income comes from dividends (which is taxed much lower than earned income), while my struggling sister pays more in taxes and lives an exhausting life with two jobs. She continues, however, to vote against her own interests out of fear. She has no time to read anything or educate herself about the issues and the corruption in this administration. She would never be voting Republican if she had the time to read about the pallets of $100''s missing in Iraq to the tune BILLIONS; the privatization that makes as many paid personnel in Iraq as soldiers (at prices 4 times what our soldiers are being paid); the installation of corporate goons in regulatory positions in our country making big bucks for business at the expense of the health and welfare of our citizens; this completely unnecessary war--anyone voting for it has the blood of our precious soldiers and untold numbers of Iraqi citizens on their hands; Bush''s cozy relationship with the Saudi''s (weren''t 15 of the 19 Saudi''s in the 9/11 attack?); there''s so MUCH! All for Money.

[barryisdun]

Hmmm... Prior to 1913 there was no Federal Income Tax for anyone.

Posted by far_point200 at 11:38 AM : Sep 10, 2008

LOL!!! ok, tell us another one....

[barryisdun]

Here''''s a quote about the Bush tax cuts
"I cannot in good conscience support a tax cut in which so many of the benefits go to the most fortunate among us at the expense of middle-class Americans who need tax relief". That was said in 2001 by John McCain!!

Now he''''s flip-flopped on the issue as supports those tax cuts that favor the wealthy, and wants them to be permanent!

Posted by nolalou at 11:57 AM : Sep 10, 2008

McCain is slowly finding out why he lost to Bush.

[nolalou]

Here''s a quote about the Bush tax cuts
"I cannot in good conscience support a tax cut in which so many of the benefits go to the most fortunate among us at the expense of middle-class Americans who need tax relief". That was said in 2001 by John McCain!!

Now he''s flip-flopped on the issue as supports those tax cuts that favor the wealthy, and wants them to be permanent!

[far_point200]

Hmmm... Prior to 1913 there was no Federal Income Tax for anyone.

Now we argue over top marginal tax rates and their fairness for different social-economic classes.

What a waste of human intellect, time and man-power.

[smcginnis321]

mabourn You have to read this again, very carefully. First of all, they all live in Ohio. I live in Michigan and unfortunately teachers here start at $25,000. They also mention the wife just started a teaching job and all of the salaries are LAST YEAR!! People in MI, OH, IL do not make what the rest of the country makes. I lived in FL or 6 years and made $35,000. Moved back to MI and I make $22,000, and that''s good money in MI. This whole country is so out of balance.

[mabourn]

Ok, I have a bit of an issue with the numbers in this story. My first issue is that the income for the first family just does not seem right. I know teachers are underpaid but a combined income of 36k just sounds wrong. The only number I could come up with came from teacher-world.com which gave the average starting salary for new teachers as 31k per year... Which puts the husbands income at aprox 5k per year?? I think by most standards you would be hard pressed to call him a small business owner and I can not imagine him being able to hire any additional employees....

The same is a bit true for the second family. I have family in the construction industry and 64k sounds to me like a reasonable salary for a manager. It makes me wonder what the actual income is for the "home business".

The only "business owner" who seems to have enough income to actually be able to hire employees is the family making $213k per year. Hopefully Obama''s plan would not hit them so hard that they would have to lay off employees or God forbid go under.... Just a thought.

[smcginnis321]

I actually just had to register so I can respond to RowdyHeckNo. As a former Republican I used to agree with you on some of your topics. The fact you keep repeating "THE GOVERNMENT CANNOT DO IT FOR YOU!" makes me think you are ignorant. Have you ever heard of "circumstance"?? Not everyone born in this country get''s the same shake. Some get to grow up with crazy parents and end up in foster care - at no fault of their own. All I am saying is that everyone has a different circumstance that lead them to where they are today. I saw Obama at a rally, live and in person and have to say I would go to college and get a degree if I could complete community service for the tax credit, it''s not free college but it would help. I am one of those middle American''s that doesn''t have enough children to be broke but also can''t seem to get ahead. Also, if there are NO jobs left in America for these educated citizens to work - are we all going to move to China? I have heard it is cold there. I LOVE the new series on the CBS evening news, I will be watching.