Comments on: On The Issues: Taxes. 95 Percent Of Americans Should Vote For Obama

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By: E file

E file — Thu, 08 Jan 2009 22:50:05 +0000

Well Americans did vote Obama, he is the elected president and we all put hope in him. We don't know what will come next but I am personally optimistic. People are worried about taxes but they don't understand that taxes have a very important role of their own, I gave up complaining a long time ago.

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E file — Thu, 08 Jan 2009 17:50:05 +0000

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By: antiidiot

antiidiot — Mon, 20 Oct 2008 15:40:43 +0000

How will he cut taxes for 95% of americans when 33% of them don't even pay taxes? You uninformed idiot.

By: antiidiot

antiidiot — Mon, 20 Oct 2008 15:40:43 +0000

How will he cut taxes for 95% of americans when 33% of them don't even pay taxes? You uninformed idiot.

By: oldtimer

oldtimer — Mon, 20 Oct 2008 14:44:36 +0000

Key problem is What the is a working family? Since this will be administered via the IRS, it's very clear. If you file single or married filing separate, it already says FU, you are not a family. Expect that not to change.

If you are self employed or living on investments or small business, your income is treated by the IRS as 'unearned' and FU you are not working. I expect the IRS will not change on that either.

So its FU twice if you are both single and self employed. Check out how the EITC is administered. If you don't have 2 kids and are single, you don't get much, even if low income. That's how this plan will really work.

Or for that matter FICA. If self employed, you pay 12.4% for social security and 2.9% for Medicare. You folks that have an employer pay half that.

It's clear how this is going to go and if you are retired (and hence not a working family) self employed, or living on investments, you are just going to be screwed.

That's where the rubber will meet the road when they actually pass what they want. Promises are something else.