lap

The tax revenues now are greater than they were before the tax cuts. The problem is not the amount of taxes, its the amount of spending. Even if you don't consider the war spending, the budget appropriations is still too high.

Anyways, I've heard Obama say that he will let the Bush tax cuts expire. That will increase the taxes on those who make below $250K. Maybe he has changed his stance on that as well.

Americans For Fair Taxation: Americans for Fair Taxation

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"When the people find they can vote themselves money, that will herald the end of the republic." -- Ben Franklin

JhAZ

In Obama's speech last week to some middle class people he stated that the $250k or above people will be paying more taxes. Yes he has changed his stance on this, when he was started running he was infering that the $250k - $75k people would have a tax increase.

As far as revenue being up, it may be right now but in the coming months you will see if fall of sharply. People have lost homes and the jobs that supply revenue to pay for those homes and so forth. It like in the state of AZ where I'm from, they are in a Billion dollar short fall this year due to the stated uboce reasons.

I would hate to pay more to the Govt, but someone his going to have to pay for bush and his **** ups, and all the money we just borrowed from China not once but twice. Someone better get this country thinking on the right path sometime soon or we are all fucked.

Whirlpool

Steve....

Dont worry about who gets in office "everything will be ok".

goxc

The one I get fired up about are the inheritance taxes. Why should they be allowed to double tax that money? Your family already paid taxes on the money they worked hard to earn!

lap

Its the lib donkey way.

Sorry, I couldn't help myself.

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"When the people find they can vote themselves money, that will herald the end of the republic." -- Ben Franklin

preludespeeder

The good news about this whole post is that is a lie. The taxes are not going to be like that. Not even by a long shot. But what most of you should realize that is if you let someone like McSame who wants to keep the Bush doctrine going you will be paying a lot more in a few years while the US is going bankrupt. Wake up and realize this country is on the brink of going under and all the countries we owe money to are gonna want it back.

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Anonymous

excuseme

Hence the reason the dollar is worth less and less. The more we borrow from abroad - the worse it will get. Still, the basic fact of the email is that it is false. It would be like calling McSame an old fart with anger management problems, domestically abusive, fiscally inept... wait! Those things may actually be true...

Fliguy2772

I'll have to look into it, but if Obama is really going to cancel the Tax Relief Act of 1997 (capital gains tax on your primary residence sale), then I think that might have just made up my mind for me.

If Obama is going to start allowing taxation on home sales, then it's McCain '08 baby!

echelon228

Flopping Aces » Blog Archive » Obama’s Plan To Tax Capital Gains

when I googled Obama's stance on capital gains, this is what I came up with. When I searched his site, I found nothing on it, however, I did send them an email asking the question. If it is true, he just lost my vote.

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DTM212

This just ANOTHER tax on top of tax.

You're taxed when you EARN a dollar (your company is too, let's not forget).
You're taxed when you SPEND it.
You're taxed on the VALUE of the purchases of property you make.
You're taxed when your investments APPRECIATE..
You're taxed when you SELL....

Why not just add another tax WHEN YOU DIE! What's one more?

Who else finds this a bit absurd?

And the funny thing is, when the country lowers taxes and the burden on the People is reduced, more $ goes into the economy and tax revenues for the Government actually go UP! (...and not this measly $600 buck stuff - REAL TAX REFORM HAS TO OCCUR.)