2 thoughts on “Tax Comparison

  1. BT

    WD,
    As is my norm, total stram of consciousness. If Falkner can do it well, so can I!

    A good chart that can be the basis of some solid discussion. Two things need to be kept in mind with this chart. First, both candidates in the past have been against lowering taxes. In 2001, Mr. McCain voted against President Bush’s tax cuts. For the past 2 years(basically since he got to the Senate and began his campaign for President), Mr. Obama has talked about how the Bush tax cuts have hampered America. As recently as a few weeks ago, he blasted Mr. McCain for wanting to continue the Bush tax cuts. Now, within the past few weeks, Mr. Obama has reversed course and stated that he might keep the tax cuts for awhile. His reasoning was that rescinding the tax cuts could create a recession effect.

    Both candidates could be described with the following line about John Kerry, “He was against it before he was in favor of it.” In this situation, Mr. McCain looks a lot better because his flip flop took place in 2002 whereas Mr. Obama flip flopped last week.

    The other issue to consider when looking at this chart is some of the lower tax brackets. The way it works is, if you make a certain amount of money, you pay a certain tax rate. In some case this is returned to you if you don’t meet a certain income level. So, in some ways you are not paying taxes. Now, these are people who are shown to be getting a lowering of their taxes by a certain average amount. But, the logical question asks, how can someone pay less taxes than $0? The fact is you can’t. It is not possible to have a tax rate that is lower than $0. Thus Mr. Obama’s plan is not to actually lower the taxes for the lowest groups, it is to hand them a check. A check which was taken originally from the higher earning group and given to the lower earning group. In essence, this is a socialist idea known as Income Redistribution.

    While Mr. Obama does his best to distance himself from it, his words and his actions clearly point to his belief in that ideology. Income Redistribution, Universal Health Care, and a government run enterprises.

    And that’s why I do not support Mr. Obama. I do not agree with him that the government is the answer to all of our problems. I do not agree with him that higher taxes will get us out of a recession. I do not agree with him that we are failing in our effort in Iraq.

    I believe that smaller government, with less wasteful spending, and a balanced budget are the key to success. I believe that a less intrusive government is a good thing. I believe in lowering taxes to stimulate an economy. I believe that the government should never take most of the money you earn, no matter your tax bracket.

    Quite frankly, neither candidate agrees with me all that much. In addition, I don’t particularly like either candidate. I recently took a political quiz and it claimed I agreed with Mr. McCain 24% of the time and Mr.Obama 3% of the time. Clearly, neither of them supports my views. However, the fact is I think Mr. Obama would be far more dangerous to this country on a lot of fronts. Therefore, I have to reluctantly support Mr. McCain.

  2. David Cappiello

    Want more war? Vote McCain/Palin or shall I say, vote Palin/McCain?!

    Want a great depression? Vote McCain/Palin.

Leave a Reply

Your email address will not be published.