Quote:
Originally Posted by wmbwinn
Mavdog, you still are ignoring how the other tax proposals play into this:
1)factor in the cancellation of the Bush Tax Cuts
2)Factor in the FICA tax that starts up again at 250K taxable income
3)Factor in the increased proposed capital gains tax
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the expiration of the tax cuts are taken into account.
it also doesn't take into account specific tax credits (such as addl mortgage interest tax credit, self employed tax credit, addl college tuition tax credit) that are available to qualified filers.
the increase in the capital gain txa rate is a) small, and b) not going to mean much in today's market is it?
Quote:
It is meaningless to run a chart on Obama because no one where the baseline is to start to calculate his "tax cuts".
We don't know where the baseline is after the cancellation of Bush's tax cuts.
And, then there are the other taxes to consider.
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what?
the proposals are in black an white on obama's and mccain's website. pretty easy to see how to calculate the numbers.
the people who determined these charts have a competence that gives them the ability to make their numbers credible. this is a non-partisan org.
if you have something that doesn't jive with the numbers presented, lets see them.
a good question is what you find objectionable in their conclusions.