How Obama would hurt Middle America

@gewcew23 (8011)
United States
June 4, 2008 2:05pm CST
The Davis Family: A Middle Income Family in Middle America Mike and Susan Davis live in Canton, OH. They have two children: Tommie is 5, and Christine is 3. They have a household income of $65,000 (the median amount for a family of four). They take the standard deduction. How much are their taxes scheduled to rise? If the Present Tax Code Remains in Place The Davis’ will have a federal tax bill of $3000 Under Obama's Tax Plan The Davis’ standard deduction is shrunk because of the return of the marriage penalty. This means that their taxable income goes up. The tax rate on the first several thousand dollars of their taxable income has grown by 50%. The child tax credit has been cut in half, so Tommie and Christine don’t help as much. The Davis’ tax bill will be over $5000—a full $2000 higher than if present tax codes were simply kept in place.
4 people like this
8 responses
@djbtol (5498)
• United States
5 Jun 08
Of course, democrats think that taxes are good. It is beyond my comprehension why you would give those wasteful, unaccountable spenders anymore money. Democrat policys have never worked and they will screw up the country bad. djbtol
• United States
5 Jun 08
What you say seems so obviously correct I don't understand why everyone doesn't see it.
2 people like this
• United States
4 Jun 08
And think about how he will be helping the people who don't work....and they will continue to worship him.
3 people like this
@gewcew23 (8011)
• United States
4 Jun 08
Pay for worship sounds about right.
2 people like this
• United States
4 Jun 08
Yes, Obama will hurt the middle class if elected. A better plan for Obama would be for all money in the federal employee retirement system to be moved to the social security system while also moving all federal employees into the social security system, including those already retired. All federal employee retirement funds currently being held for them should be moved to social security. The retirement system good enough for the rest of us, is good enough for the servants of the people. Additionally, the pay and benefits of federal employees should be lowered until there are not literally over a thousand people applying for every opening. When over a thousand people apply for a job, you know it is too lucrative.
2 people like this
@Taskr36 (13925)
• United States
5 Jun 08
I'm too tired to argue about why I disagree with your plan. I just want to say when too many people apply for a job, it's not usually because it's too lucrative, it's because the qualifications are too low or easy to obtain. My job is pretty lucrative and has very good benefits, but it requires a masters degree so there are not excessive amounts of people applying for it. If they don't have the degree, their resume goes straight to the trash can.
3 people like this
• United States
5 Jun 08
If there are not an excessive amount of people applying for your job, then obviously you are not over paid, even if it is lucrative. This is not the case with most government jobs. Besides, all that, the rest of the nation's citizens are making tremendous sacrifices. Let the government employees do some sacrificing, too. Especially since reducing government spending will help shrink the overall larger problem.
1 person likes this
@djbtol (5498)
• United States
5 Jun 08
Good points. Let's end the gravy train! djbtol
1 person likes this
@tdemex (3547)
• United States
4 Jun 08
How would you propose we pay Bush bills? Last I saw it was around 4 trillion dollars,plus he's got enough time to probably tack on another trillion! Thanks tdemex
@gewcew23 (8011)
• United States
4 Jun 08
Cut spending
3 people like this
• United States
5 Jun 08
and reduce overhead. I bet there are many many jobs that arent necessary. eliminate them through efficiency
3 people like this
@djbtol (5498)
• United States
5 Jun 08
No problem! Get rid of entitlement programs and earmarks, bring back the line item veto. Also we need lots of grassroots pressure on these congressmen to justify the way they spend our money. Right now they have stacks of blank checks. djbtol
3 people like this
@kerriannc (4280)
• Jamaica
4 Jun 08
Why are you against Obama. It seems as if the lower income persons want him to be the next President. In my country they say the our first woman Prime Minister was a dunce and she do not know anything. So they go ahead and vote her out. Do you know what is happening to Jamaica now. The poorer class is feeling it so hard. It is now 8mths since change of government and they who wanted change are crying back for Portia. Itis about blessings and having good Advisors. When Portia was prime minister there was a calm and we were able to help our self. Now bruce is in and only his friends are benefiting. I would say give Obama a chance. If he put Hillary has vice president and put Bill Clinton has a advisor. America will go back to his glory days.
2 people like this
@djbtol (5498)
• United States
5 Jun 08
No thanks. Obama is anti-american and ignorant. And the democrats are proud of him? djbtol
2 people like this
@kenzie45230 (3560)
• United States
5 Jun 08
It's an outrage, isn't it? And yet those who love Obama will not listen to reason. It really is like they're all hypnotized. I suppose they'll wake up and wonder what happened if Obama makes it to the White House. I wonder if they'll admit they were wrong...or will they still try to blame if on Bush.
1 person likes this
• United States
5 Jun 08
They are already talking about how the next president is going to inherit Bush's mistakes, although last year they didn't want to hear about Bush inheriting Clinton's mistakes. I figure that to be a double standard of epic proportions.
1 person likes this
@coolseeds (3921)
• United States
19 Oct 08
In my area there are jobs. It is the people who do not want to work. I and several other business owners can not find people who want to work. Let Obama spread the wealth. Then I will close my business and do nothing like several of his supporters. If the people who do not contribute to society will be equally wealthy as those who do not, then what is to stop people like me from working? If my company did not exist there would be less people employed as well as less taxes collected by the local, state and federal government. If Obama is elected and raises my taxes like he says, then I will make a major business purchase every year to avoid paying more taxes. I will attend training in other states that will require me to stay in a hotel. I am sure I can visit some botanical gardens in Hawaii and write that off too. I have never abused anything through my company but let Obama tell me how I will conduct business and I will get the best accountant to show me the loopholes. Hiring the accountant would also reduce my income as well. Therefore less taxes. Some people do not understand that there are legal ways around paying taxes. If people want to better their lives they need to focus on educating themselves and working hard. Without both of them you probably will not make a very good income. I will also raise my prices. So the Obama supporters can pay me more. I have no problem with that. People need to think. Look at the prices that were raised because of a minimum wage increase and gas prices. Gas is under $3 per gallon but notice how the prices have not decreased. Next is minimum wage. How much does a 16 year old child without any experience deserve as an hourly wage?
1 person likes this
@rckayla09 (113)
• United States
4 Jun 08
If I was making $65,000 a year in income, I wouldn't need help in tax cuts from Barack Obama or whoever our next president will be! Achieving "the American Dream," and believe me I consider making $65,000 a year "the American Dream," is what our country stands for! Democracy (and having a Democratic president, not a Republican) means the more income you make, the more you are going to be taxed. Simple as that and it's only fair. Why would those who earn $65,000 a year want a tax break??? It baffles my mind that those who are in this income-level are sooo greedy!! For once, think about those Americans who are making much, much less than $65,000 a year and still supporting a family of four.
@gewcew23 (8011)
• United States
4 Jun 08
Well I am sorry but I like have my money that I actually earned. How dare you tell me that I do not deserve my money. Did you go to work for me, NO. Then where do you get the right to steal more of my money from me. I dare you to come to my house and try to take it for youself. Want baffles my brain is that there are people like you that believe the stuff you believe in. I am not greedy, you are the one who is greedy. Greed is not the one who want to keep his, or hers money, but the one who want to take his, or hers money. It is not my place to provide for anyone else but my family, and not your. That is your job. If you want to take care of them go right ahead, but leave me out of this.
3 people like this
• United States
4 Jun 08
I am sorry that you totally misunderstood what I was saying in response to your discussion. I want you to keep your hard-earned money, all $65,000 of it! I have no beef with how much income you or your family bring in. But do give the people who are making LESS THAN $65,000 a TAX BREAK and/or a TAX CUT, not those earning more. Unfortunately, since the beginning of this world there has always been TAXATION so you cannot keep all of your money. It is not fair, I agree. But there is no escaping taxes unless you no longer walk this earth.
1 person likes this
@Taskr36 (13925)
• United States
5 Jun 08
It's not about YOU making $65,000 rckayla. The OP was referring to that as the average "household" income for a family of four. That means each parent making roughly $32,500. Sorry, but while that is a fair income, it's not rich by any stretch of the imagination, especially when you throw in a couple kids who need shots, doctor's visits, clothes, school supplies, dentists, and every unforeseen issue that happens with children. Kids cost a lot of money and parents deserve a tax break so they can use that money to care for their children. I just don't believe people should be punished for working hard and making more money.
3 people like this