What happens to families earning over 200k a year under Obama vs Romney, Results are SHOCKING

[Anonymous]

Also, we're not talking 50-60-70% marginal tax rates the way things were in the 1970s. Are companies are going to hire at the rate of 300k a month with 30% tax rates but not hire anyone at 39.6%?

[Anonymous]

Anonymous wrote:Bring back jobs then raise taxes

+1

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Finally, an un-bias and comparative article between Obama vs Romney Tax Plans.

Besides the high earner income tax changes, notice what is going to happen to investors capital gains which will affect start up and business investments.

You add all these small tax hikes up and they result in a large tax increase for those who hit the 200k a year threshold.

Imagine not being able to deduct your mortgage because you hit that 200k a year limit and maxed out deductions?

Overall no matter how much money you make, the best outcome will be the Romney tax plan which will slash lower end income taxes down to 8%. Romney's plan incentives investors to spend money and invest in companies because of the reduction in capital gains taxes which is good for the economy.

http://money.cnn.com/2012/09/07/news/economy/tax-obama-romney/index.html?iid=HP_LN

Let's clarify a few things.

The 200,000 threshold is for individuals. For married couples it's $250,000.

That's TAXABLE income, not AGI.

And nothing says you can't deduct your mortgage interest. What Obama has proposed is a haircut on the deduction -- not a disallowance. For a married couple with taxable income of $260,000 and are in the 31% marginal tax bracket, it means the tax savings on their deduction would be worth 28%, not 31%. Considering the mortgage interest deduction skews its benefits up the income ladder, this isn't such bad policy.

If you get a "haircut" on itemized deductions, does that not increase taxes you must pay?

Add that to the 4% increase. Because itemized deduction are complicated and different for each person the result of that can be HUGE.

So you'll lose a few thousand dollars to waste on shopping, or the third remodel of your kitchen, or to finance your lavish vacations. Boo fucking hoo. I don't buy your bullshit about using that money to create jobs. Rich families don't magically create jobs to be magnanimous. If they did, we'd surely be seeing more job growth. Jobs are created by demand. When the majority of the country has less money to spend, demand goes down. Like Clinton said, it's called arithmetic. Your "logic" just sounds like a rich person's excuse to hoard their wealth and vote for who will best enable you to do that. Congratulations on being selfish and unpatriotic.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:See, all the BOLDED and CAPITALIZED words don't mean much if you can't even understand and explain the story correctly. Kind of undermines your message.

The message is YOUR TAXES ARE GOING UP under Obama

Your TAXES ARE GOING DOWN under Romney.

Case closed.

Not exactly. Many MANY people believe taxes need to go up.

This now includes David Koch, by the way.

I realize Romney destroyed many companies in his day by over-leveraging them. I'm not sure why we should allow him to do the same thing to our country.

Taxes need to be higher for everyone, with the greater burden placed on those who have been the biggest beneficiaries of the public goods in this country and have the best ability to pay.

Bain actually helped more companies then bankrupted "It is a fact that fewer than 5% of our portfolio companies over the past 28 years have filed for bankruptcy while under our control."

Also note that Bain buys companies that are under risk of going broke so that is a pretty impressive number for companies that were going to go out of business without their assistance.

Bankruptcy is not the only measure of failure, and surely you know that. And your assertion about what Bain buys is false. They buy into a lot of different types of companies. Their biggest success, Staples, was not a company going bankrupt. Some guy decided to roll up mom and pop office supply stores into a chain and got Bain Capital to back him.
So that last statement of yours is not accurate at all.

[Anonymous]

Freeman wrote:

Anonymous wrote:The message is YOUR TAXES ARE GOING UP under Obama

Your TAXES ARE GOING DOWN under Romney.

Case closed.

I'm willing to pay more in taxes to help our country in this time of need. Why do you hate America?

http://www.fms.treas.gov/news/factsheets/gifts.html