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Reply to "In a strictly financial sense, who should I vote for if my family makes < $200K/year"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]For the moral and social issues, I know who would get my vote. But I want to understand who will hurt my family the least in a financial way. We have HHI of between $125 - $150K. And would your answer change for some of my family's situations? Some of them are between $50-$75K.[/quote] In addition to the tax issues, you have to look at what public services your family uses. If anyone in your family (say retired parents?) gets social security benefits or Medicare or Medicaid benefits these programs will be cut. The Social Security impact will be long-term rather than short term. Right now, the program has the funds to last only a relatively short while longer (some say it will run out of money as early as 2029). And that is with benefits at the current level. However, with Romney, there is always the chance that to cut money from that program, they will attempt to reduce benefits to make the SS money last longer. With the Medicare cuts, elderly and other Medicare recipients may end up with more out-of-pocket expenses for their managed care. There's a lot more to this than just the income tax decrease. You can have more take-home pay from lower taxes, but still have a harder time if you have to pay for more services that you get through public assistance. All so that people like Romney, who will not be creating any jobs, can save more money than you make in a year.[/quote] Please state facts not boogie man stories and opinions. Financially speaking please lay out the changes financially for each candidate. The main point is that the thing that affects OP directly would be taxes.[/quote]
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