Comments on: Financial Facts About Barack Obama – Part 1: Letting The Bush Tax Cuts Expire

By: Terry Adams

Terry Adams — Sun, 22 Mar 2009 19:37:14 +0000

Hey so I just found your blog on accident and I must admit that Ive been reading for the last half hour. Great site.

By: Best etf funds list

Best etf funds list — Thu, 12 Mar 2009 00:38:09 +0000

I think the one main flaw with the tax code was the 15% dividend and capital gains tax. Some poeple have no other income and would only pay 15% taxes . A good example was warren buffet paid 15% on majority of his income most hedge fund owners pay 15% while the normal person pays alot higher taxes. I hate taxes but it is a loop hole if you can make a living off dividends or capital gains and pay less than anyone else in taxes. Best etf funds lists last blog post..Gold double long etf.

By: SiteHoppers

SiteHoppers — Mon, 15 Dec 2008 18:57:37 +0000

Interesting points indeed. I think time will tell if Obama's plan will work and obviously, Bush hasn't done a great job so the plane could work, we may need to give "tax breaks" for LLCs and other legal entities and apply the $250,000 for only personal income. SiteHopperss last blog post..SiteHoppin Firefox Toolbar Certified by Softpedia!

By: Redwinger1966

Redwinger1966 — Thu, 06 Nov 2008 20:27:51 +0000

You morons that keep bringing up war…this is an economical discussion. If all you can bring up is wars…you really have no grasp on what we are talking about. Obama will destroy the country by making it attractive to not succeed, just lay back and let the government gravy train roll into town and take care of all your problems, at the expense of the people that built this country into one of the wealthiest in the world…the successful!! Sad day in America and it has NOTHING to do with race!!! I don’t care if this guy was purple, he has no experience and he is about to be overwhelmed to the point where his legacy will be an embarrassment.

By: Footbeaut

Footbeaut — Tue, 04 Nov 2008 00:37:19 +0000

Obama is working on a plan with Democrats to seize your 401K accounts and turn them in to government controlled retirement accounts. Obama wants to reinstate the inheritance tax at 45%. Obama wants to iliminate the deduction on your taxes for mortgage interest. He wants to cap the amount at $800 per year. Obama voted to raise taxes on individuals making $42,000 per year. There’s not a single tax increase that Obama doesn’t like.

By: Mattsoundworld

Mattsoundworld — Wed, 29 Oct 2008 12:34:22 +0000

One thing I think that is unclear about Obama’s plan is the what is the 250k based on?

Gross income or Net income? HUGE difference, and I dont think it has been adequately answered.

By: BM

BM — Mon, 20 Oct 2008 19:56:37 +0000

I just have to respond to the boneheads who keep chirping in that tax will be less for businesses earning under $250k. It is the businesses that create jobs that are in the 2% of small businesses that will see their taxes INCREASE. This is the most important point and is all you need to know.

In addition, the businesses currently earning less than $250 have no incentive to expand their businesses as they will not want to hit the $250k threshold.

By: Travis

Travis — Mon, 20 Oct 2008 04:11:34 +0000

Small business owners with incomes less than 250,000 k will be taxed LESS under obama’s plan. please get your facts straight

By: Robert

Robert — Tue, 14 Oct 2008 20:07:41 +0000

Vickie, you are absolutely right. Raising taxes on businesses NOW is the worst idea. The last time a president did that, it plunged the U.S. into the Great Depression (Herbert Hoover in 1930, 1931).

By: Vickie

Vickie — Mon, 13 Oct 2008 03:24:59 +0000

Thank you for the explanation. I work in a small business and I can not understand how Obama thinks that we can pay more taxes! The increase in tax will force us to fire an employee, just to keep the door open. When the country’s largest employer is the small business man, how can this be good for the economy? I am very afraid that the majority of the American people do not understand all the repercussions that this plan will have on our economy.