Comments on: McCain-Palin campaign attacks Obama’s tax proposals http://talkradionews.com/2008/10/mccain-palin-campaign-attacks-obamas-tax-proposals/ The Talk Radio News Service is the only information news service dedicated to serving the talk radio community. Sun, 22 Nov 2009 05:46:24 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: charles http://talkradionews.com/2008/10/mccain-palin-campaign-attacks-obamas-tax-proposals/comment-page-1/#comment-24385 charles Wed, 22 Oct 2008 19:38:13 +0000 http://talkradionews.com/?p=21007#comment-24385 Obama's tax plan will destroy the Social Security system. Obama says his income tax plan will lower taxes for 95% of Americans. There is just one problem with this, 40% of Americans already pay no income tax. Obama's response to this is that these people pay Social Security tax. Well, that's not income tax, but a contribution to their retirement plan. So if he wins and implements his tax plan, for the first time in the history of Social Security, 40% of the people who will get retirement benefits will have paid nothing for them. Social Security will then loose all pretext of being a retirement plan, and will become a national welfare program. This will cause Social Security to lose public support in a massive way. Leave Social Security contributions out of income tax plans. If you take some peoples income taxes to pay others Social Security taxes, Social Security will be destroyed forever. http://strategicthought-charles77.blogspot.com/2008/10/obamas-tax-plan-will-destroy-social.html Obama’s tax plan will destroy the Social Security system.

Obama says his income tax plan will lower taxes for 95% of Americans. There is just one problem with this, 40% of Americans already pay no income tax. Obama’s response to this is that these people pay Social Security tax. Well, that’s not income tax, but a contribution to their retirement plan. So if he wins and implements his tax plan, for the first time in the history of Social Security, 40% of the people who will get retirement benefits will have paid nothing for them. Social Security will then loose all pretext of being a retirement plan, and will become a national welfare program.

This will cause Social Security to lose public support in a massive way. Leave Social Security contributions out of income tax plans. If you take some peoples income taxes to pay others Social Security taxes, Social Security will be destroyed forever.

http://strategicthought-charles77.blogspot.com/2008/10/obamas-tax-plan-will-destroy-social.html

]]> By: Carlos Navarro http://talkradionews.com/2008/10/mccain-palin-campaign-attacks-obamas-tax-proposals/comment-page-1/#comment-23427 Carlos Navarro Fri, 17 Oct 2008 12:38:00 +0000 http://talkradionews.com/?p=21007#comment-23427 Obama says that he’ll raise taxes only on those making over $250,000 a year. But does he mean gross or net? As a home-improvement contractor, I gross over $250,000, but after fixed costs and expenses, my take home pay is less than $80,000. So where, exactly, does that put me—and many small business owners, by the way—in Obama’s tax plan? Am I in the “wealthy” or the “middle-class” bracket? I’d like to know before I cast my vote on November 4. Obama says that he’ll raise taxes only on those making over $250,000 a year. But does he mean gross or net? As a home-improvement contractor, I gross over $250,000, but after fixed costs and expenses, my take home pay is less than $80,000. So where, exactly, does that put me—and many small business owners, by the way—in Obama’s tax plan? Am I in the “wealthy” or the “middle-class” bracket? I’d like to know before I cast my vote on November 4.

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