Is he real? Is Obama's tax cut real? Feel free to visit the calculator and do the math yourself (and endure the strange computer music). You'll see cuts, but not in graduated intervals, so it feels more like another stimulus check (which we know can be one and done). The only numbers he's throwing around are 95 percent and 250,000K, but even the 250K is a little deceptive.
Here's a screenshot of an input of 200,000-250,000 salary; married filing jointly; 2 deductions; saving for retirement; and with college expenses:
As can be seen, this person is not likely to get a cut even though making less than 250K. But wait! Listening closely to Obama's plan reveals that comrades making between 200,000 and 250,000 would not see any tax cuts, but wouldn't see any increases. If that feels like a change just remember, Obama is change. This, on the other hand, is a change that was slipped in under the radar.
MORE 10/26/08
One thing lost in the shuffle of Obama's prize winning giveaway plan to the middle class (taken at gunpoint from the rich) are the actual tax rates. They will not go down. The only ones he's pinned down are the highest brackets, which will go up.
But the real deception lies in the current Bush tax cuts. Obama and Biden have lied real hard to make it seem like they were only given to the rich, whereas in real life they were given to EVERYONE who pays taxes. Obama will allow them to expire in 2009, which equals an effective tax increase for more than just the rich. My daddy always warned me to be wary of slick-talking snake oil salesmen selling something that's too good to be true, and this year the Dems have not one, but TWO of them.
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Howard Taft was addressing his ball on the first tee when the imperious starter said in a raised voice, “Na Mr. Preesident, we’ll not be hav’in none a that. The ball moost be placed b’hind the marker on tha tee box.”
President Taft turned to the man and said, “My good man, I’ll have you know this is my second shot.”
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