I hate to have to do this but I no longer support Mr. Obama. No, it is not because Obama has self-hating white trash genes. It is primarily because of the Obama tax plan. It is designed to punish American citizens.

No, Snout, say it ain't so.

I have to double check his tax plan. The hype that he thinks the US federal tax code is weird sounds reasonable, but I heard some stuff on a business radio talk show that indicated Oblama was trying to punish individuals who save and invest money.

Well Snout, I hardly expected your 'support' to last :)
But yeah: there's a lot of hype out on the airwaves. You have the right idea: look at the plan yourself and draw your own conclusions.

M.

What did you expect?? He's a Democrat. That's what they do, so they can spend your money on more government programs and inch us ever closer to complete socialism. Obama's "plan" will cost almost a trillion bucks ( I believe the estimate I heard was 872 billion), and we all know that government plans rarely come in on, or under budget.

He and Hillary both want to repeal the Bush tax cuts, which have benefitted working families tremendously; myself included.

The extreme, far lefties are coming out of the woodwork in support of Obama (which is a huge red flag IMO), but frankly, I seriously doubt he can win the general election anyway, so I'm not worried (yet).






So, like you, I can't vote for Obama either. It's not personal. I just never vote to intentionally lower my net worth (which, in all honesty, ain't nearly what it used to be), and it amazes me how many people do, and that they actually trust oily, lying politicians to spend their money responsibly, even as they watch them do exactly the opposite year after year, after year. If that isn't insanity, I don't know what is.

I just wish we had someone better than McCain running, but, he won the nomination fair and square, and I do believe he'll hold the line on taxes, as well as stay away from policies that harm saving and investing. That whole situation is in a pathetic state already on a national level, and when the economy recedes, the very last thing we should do is raise taxes and force people to tap into their savings as a result. That's extremely counterproductive.

... and inch us ever closer to complete socialism.


Paranoid much?


The extreme, far lefties are coming out of the woodwork in support of Obama (which is a huge red flag IMO), but frankly, I seriously doubt he can win the general election anyway, so I'm not worried (yet).


More attempts to taint by association? Seems to be a trend these days. Obama has a very varied and broad support base, but I will trust you in future to focus on the so-called extreme, far lefties.


I just never vote to intentionally lower my net worth (which, in all honesty, ain't nearly what it used to be), and it amazes me how many people do, and that they actually trust oily, lying politicians to spend their money responsibly, even as they watch them do exactly the opposite year after year, after year. If that isn't insanity, I don't know what is.


You are living proof that the brains of perfectly intelligent people can and do short-circuit on certain topics. I'm sure mine does to, and I sincerely hope someone calls me on it when it happens to me this bad.

Saying you never vote to intentionally lower your net worth is tantamount to saying nothing is more important than your net worth, which I'm afraid goes a very long way to justifying the criticism often leveled at conservatives - that their political outlook comes from a myopic, selfish place.
The very oily politicians you decry (and try unsuccessfully to associate Obama with), are operating from the same place you are, Bertrade, when they spend our money irresponsibly. They are putting their net worth above all other considerations. Could it be you are not aware that you embody the root of what you despise?

Of course the rest of us know that many things are more important than the net worth of a single individual, and many of us are able to cast a vote which might demand some personal sacrifice, but which will help make our country, and the world a better place. Heck, some of us live our lives this way.

M.

He and Hillary both want to repeal the Bush tax cuts, which have benefitted working families tremendously

LOL.

I hate to have to do this but I no longer support Mr. Obama. No, it is not because Obama has self-hating white trash genes. It is primarily because of the Obama tax plan. It is designed to punish American citizens.

Don't do it, Snouter. Your announcement of support a couple days ago made the support of Ospam-O-Rama Ding Dong by the antisemitic, crackpot, and racist factions here on DA a solid, unanimous bloc. Now you're playing right into the hands of ZOG and creating a chink in the Wall Of Idiocy.

Hey Snouter, are you also planning to convert to Judaism?:confused::p

obama=higher taxes


MCCAIN
(no changes)
Single making 30K - tax $4,500
Single making 50K - tax $12,500
Single making 75K - tax $18,750
Married making 60K- tax $9,000
Married making 75K - tax $18,750
Married making 125K - tax $31,250

OBAMA
(reversion to pre-Bush tax cuts)
Single making 30K - tax $8,400
Single making 50K - tax $14,000
Single making 75K - tax $23,250
Married making 60K - tax $16,800
Married making 75K - tax $21,000
Married making 125K - tax $38,750




Capital gains definition

A type of tax levied on capital gains incurred by individuals and corporations. Capital gains are the profits that an investor realizes when he or she sells the capital asset for a price that is higher than the purchase price.

Capital gains taxes are only triggered when an asset is realized, not while it is held by an investor. An investor can own shares that appreciate every year, but the investor does not incur a capital gains tax on the shares until they are sold.

How does this affect you? If you sell your home and make a profit, you will pay 28% of your gain on taxes. If you are heading toward retirement and would like to down-size your home or move into a retirement community, 28% of the money you make from your home will go to taxes. This proposal will adversely affect the elderly who are counting on the income from their homes as part of their retirement income

If people don't want higher taxes, they need to stop electing leaders who balloon the budget, deficit, and debt on a yearly basis to pay for frivolous bullshit. Nothing in life is free.

And John McCain opposed the Bush tax cuts before he supported them.

obama=higher taxes


MCCAIN
(no changes)
Single making 30K - tax $4,500
Single making 50K - tax $12,500
Single making 75K - tax $18,750
Married making 60K- tax $9,000
Married making 75K - tax $18,750
Married making 125K - tax $31,250

OBAMA
(reversion to pre-Bush tax cuts)
Single making 30K - tax $8,400
Single making 50K - tax $14,000
Single making 75K - tax $23,250
Married making 60K - tax $16,800
Married making 75K - tax $21,000
Married making 125K - tax $38,750




Capital gains definition

A type of tax levied on capital gains incurred by individuals and corporations. Capital gains are the profits that an investor realizes when he or she sells the capital asset for a price that is higher than the purchase price.

Capital gains taxes are only triggered when an asset is realized, not while it is held by an investor. An investor can own shares that appreciate every year, but the investor does not incur a capital gains tax on the shares until they are sold.

How does this affect you? If you sell your home and make a profit, you will pay 28% of your gain on taxes. If you are heading toward retirement and would like to down-size your home or move into a retirement community, 28% of the money you make from your home will go to taxes. This proposal will adversely affect the elderly who are counting on the income from their homes as part of their retirement incomeAre you making this stuff up as you go along?

The federal income tax on a married couple making $60K filing jointly with no itemized deductions for 2007 is $5596.

That same married couple has a $500,000 exclusion from capital gains taxes on the sale of their home. If they make more than that on the sale, the excess amount is taxed at either 5% for those in the 10% and 15% federal tax brackets and 15% for those in the high tax brackets.