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Old 02-21-2008, 08:48 PM
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Default Taxes

This is what is known as a drive by posting. None of this information has been personally verified by me however You are all big people. I'll leave that for you to investigate and report.

www.taxfoundation.org/publi***ions/show/151.html


Taxes under Clinton 1999*********** Taxes under Bush 2008

Single making 30K - tax $8,400 *****Single making 30K - tax $4,500

Single making 50K - tax $14,000 *****Single making 50K - tax $12,500

Single making 75K - tax $23,250*****Single making 75K - tax $18,750

Married making 60K - tax $16,800***** Married making 60K- tax $9,000

Married making 75K - tax $21,000***** Married making 75K - tax $18,750

Married making 125K - tax $38,750 *****Married making 125K - tax $31,250

If you want to know just how effective the mainstream media is, it is amazing
how many people that fall into the ***egories above think Bush is screwing
them and Bill Clinton was the greatest President ever. If any democrat is elected,
ALL of them say they will repeal the Bush tax cuts and a good portion of the people
that fall into the ***egories above can't wait for it to happen.

This is like the movie The Sting with Paul Newman; you scam somebody out of
some money and they don't even know what happened.
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Old 02-21-2008, 11:21 PM
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Default

THis is an interesting link, providing a comparative analysis of each candidate's proposal: Interesting for a couple of reasons, but what I found to be most illuminating was that Obama actually has more specific ideas regarding the subject than Clinton.

Of course, Ron Paul has a very simple solution

Abolish the fucking IRS, and the Income Tax.
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Old 02-21-2008, 11:46 PM
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Originally Posted by L-car114 View Post
This is what is known as a drive by posting. None of this information has been personally verified by me however You are all big people. I'll leave that for you to investigate and report.

Obama has already stated he will raise Social Security withholding taxes and his recent speech in Houston is a pipedream which can only be funded with further tax hikes. What he promises can not be accomplished

Obama: Raise Social Security taxes - USATODAY.com

Whenever the Feds institute a tax hike, individual states immediately follow with tax hikes of their own.

Barrack Obama will rollback the tax cuts and tax Americans to death.
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Old 02-21-2008, 11:49 PM
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Default More on Obama taxes and spending

Sen. Barack Obama, perhaps giving America a preview of priorities he would pursue if elected president, is rejoicing over the Senate committee passage of a plan that could end up costing taxpayers billions of dollars in an attempt to reduce poverty in other nations.

The bill, called the Global Poverty Act, is the type of legislation, "We can – and must – make … a priority," said Obama, a co-sponsor.

It would demand that the president develop "and implement" a policy to "cut extreme global poverty in half by 2015 through aid, trade, debt relief" and other programs.

When word about what appears to be a massive new spending program started getting out, the reaction was immediate.

"It's not our job to cut global poverty," said one commenter on a Yahoo news forum. "These people need to learn how to fish themselves. If we keep throwing them fish, the fish will rot."


Many Americans were alerted to the legislation by a report from Cliff Kincaid at Accuracy in Media. He published a critique asserting that while the Global Poverty Act sounds nice, the adoption could "result in the imposition of a global tax on the United States" and would make levels "of U.S. foreign aid spending subservient to the dictates of the United Nations."

He said the legislation, if approved, dedi***es 0.7 percent of the U.S. gross national product to foreign aid, which over 13 years he said would amount to $845 billion "over and above what the U.S. already spends."

The plan passed the House in 2007 "because most members didn't realize what was in it," Kincaid reported. "Congressional sponsors have been careful not to calculate the amount of foreign aid spending that it would require."

A statement from Obama's office this week noted the support offered by the Senate Foreign Relations Committee.

"With billions of people living on just dollars a day around the world, global poverty remains one of the greatest challenges and tragedies the international community faces," Obama said. "It must be a priority of American foreign policy to commit to eliminating extreme poverty and ensuring every child has food, shelter, and clean drinking water. As we strive to rebuild America's standing in the world, this important bill will demonstrate our promise and commitment to those in the developing world.

"Our commitment to the global economy must extend beyond trade agreements that are more about increasing profits than about helping workers and small farmers everywhere," he continued.

The bill institutes the United Nations Millennium Summit goals as the benchmarks for U.S. spending.

"It is time the United States makes it a priority of our foreign policy to meet this goal and help those who are struggling day to day," a statement issued by supporters, including Obama, said.

Specifically, it would "declare" that the official U.S. policy is to eliminate global poverty, that the president is "required" to "develop and implement" a strategy to reach that goal and requires that the U.S. efforts be "specific and measurable."

Kincaid said that after cutting through all of the honorable-sounding goals in the plan, the bottom line is that the legislation would mandate the 0.7 percent of the U.S. GNP as "official development assistance."

"In addition to seeking to eradi***e poverty, that (U.N.) declaration commits nations to banning 'small arms and light weapons' and ratifying a series of treaties, including the International Criminal Court Treaty, the Kyoto Protocol (global warming treaty), the Convention of Biological Diversity, the Convention on the Elimination of All Forms of Discrimination Against Women and the Convention of the Rights of the Child," he said.

Those U.N. protocols would make U.S. law on issues ranging from the 2nd Amendment to energy usage and parental rights all subservient to United Nations whims.

Kincaid also reported Jeffrey Sachs, who runs the "Millennium Project," confirms a U.N. plan to force the U.S. to pay 0.7 percent of GNP would add about $65 billion a year to what the U.S. already donates overseas.

And the only way to raise that funding, Sachs confirms, "is through a global tax, preferably on carbon-emitting fossil fuels," Kincaid writes.

On the forum run by Americans for Legal Immigration PAC, one writer reported estimates of taxes from 35 cents to $1 dollar a gallon on gasoline would be needed.

"This is disgusting, sickening and angers me to the depths of my soul," the forum author wrote. "Obama wants us to support the world. I wonder how they intend to eliminate poverty. Most of the money always winds up in some dictator hands and in the U.N. coffers."

WND calls to Obama's office, as well as the offices of others who supported the plan, were not successful in obtaining a comment.

Another forum participant said, "Yes, and we should also eliminate sickness of any kind and get rid of poverty as well. Then, too, we should make certain that everyone in the world has equal assets, equal money, a college edu***ion, etc… After that, or maybe while we are solving all of the world's little problems, we can take care of the polar bears, eliminate the internal combustion engine, and, and, and… Oh dear, if only we would just go ahead and do all the things the dreamers want us to do. Let's stop using oil and burning coal while we're at it. Then we can make it illegal to be overweight and then we can. ..."

One forum contributor said since the legislation doesn't specifically demand "taxes," but instead leaves the mandatory "implementation" up to the president, "maybe the tooth fairy will leave [this new money] under the president's pillow."

Kincaid reported several more budget-minded senators have put a hold on the legislation "in order to prevent it from being rushed to the floor for a full Senate vote."

The legislation requires the president to do whatever is required to fulfill a strategy that would result in "the elimination of extreme global poverty and the achievement of the Millennium Development Goal of reducing by one-half the proportion of people worldwide … who live on less than $1 per day."

It further requires the president not only to accomplish that goal but, "not later than one year after the date of the enactment of this act," to submit a report on "the contributions provided by the United States" toward poverty reduction.
..====================================

Obama’s Global Tax Proposal Up for Senate Vote


AIM Column | By Cliff Kincaid | February 12, 2008

It appears the Senate version is being pushed not only by Biden and Obama, a member of the committee, but Lugar, the ranking Republican member.

A nice-sounding bill called the "Global Poverty Act," sponsored by Democratic presidential candidate and Senator Barack Obama, is up for a Senate vote on Thursday and could result in the imposition of a global tax on the United States. The bill, which has the support of many liberal religious groups, makes levels of U.S. foreign aid spending subservient to the dictates of the United Nations.

Senator Joe Biden, chairman of the Senate Foreign Relations Committee, has not endorsed either Senator Barack Obama or Hillary Clinton in the presidential race. But on Thursday, February 14, he is trying to rush Obama's "Global Poverty Act" (S.2433) through his committee. The legislation would commit the U.S. to spending 0.7 percent of gross national product on foreign aid, which amounts to a phenomenal 13-year total of $845 billion over and above what the U.S. already spends.
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Old 02-27-2008, 02:55 AM
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Default Tax Foundation is legit

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Originally Posted by L-car114 View Post
This is what is known as a drive by posting. None of this information has been personally verified by me however You are all big people. I'll leave that for you to investigate and report.
I haven't tried to check their math, but the Tax Foundation is a reputable organization, cited by--among others--former Bush CEA chair Greg Mankiw and uber-blogger Glenn Reynolds (Instapundit).

Though they're a year older, I recommend these two Tax Foundation papers, the first of which ***o "charted" here.
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