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Old 10-26-2008, 01:55 PM   #1
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Default taxcutsfacts.org

i just saw the latest obama campaign ad (during cowboys/ bucs game) where he endorsed this nifty website with tons of information.

if youre one of the lucky 95% who will be receiving a break you can quickly put in your salary and filing status into the "tax calculator" and see how much more you will get and how his breaks will compare with mccains plan-

http://taxcut.barackobama.com/?sourc...FRLoxgodQQ2hyA

Quote:
Obama’s tax calculator is “a very simple gadget that’s the most useful thing I’ve seen on any political website in a while.” [Forbes.com, 10/08]
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Old 10-26-2008, 02:18 PM   #2
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Default Re: taxcutsfacts.org

Quote:
Americans for Tax Reform Calls Obama 'Tax Calculator' Inaccurate and Misleading



- New Obama 'tax calculator' a deliberate attempt to deceive voters -

WASHINGTON, Oct. 14 /PRNewswire-USNewswire/ -- Americans for Tax Reform
today questioned the accuracy of the new tax calculator found on Senator
Barack Obama's (D-Ill.) website.

The calculator has several major errors/misleading statements,
including:

The forgotten tax hike. By its own admission, the tax calculator
ignores the unprecedented imposition of Social Security payroll taxes on
small business profits exceeding $250,000 (where two-thirds of small
business profits exist). This is despite the fact that Obama told Charlie
Gibson on October 8th that he wants to keep the Social Security tax rate
"the same" for these small business owners. This would result in a top
small business tax rate of 54.9 percent -- the highest level since the
Carter Administration.

Small business tax hike. It tells those earning $250,000 or more that,
"You will probably not get a tax cut" under an Obama Administration.
Considering the Obama tax hike will result in a marginal tax rate
approaching 50 percent on two-thirds of small business income (which
resides in these households), one might call this a bit of an
understatement.

Spending, not tax cuts. Most of the "tax cuts" Obama claims credit for
is in fact spending. "Refundable tax credits" means that if you zero out
your income tax liability, the government gives you a welfare check. This
isn't an income tax cut -- it's spending. According to the Tax Foundation,
one-third of households don't have an income tax liability. It's impossible
to cut their income taxes, despite what this "calculator" says.

Bait and switch. Everyone is told that they may be eligible for
refundable credits including a college credit, a retirement savings credit,
etc. However, these credits phase out on quite modest levels of income,
thus deceiving voters.
http://www.prnewswire.com/cgi-bin/st...4904030&EDATE=

Sorry can't trust something thats fraudulent straight from obamas own website.

How bout a calculator that shows how many people will loose their jobs or business's that go under from his so called "tax cuts"
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Old 10-26-2008, 02:27 PM   #3
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Default Re: taxcutsfacts.org

Quote:
Originally Posted by MACH1 View Post
http://www.prnewswire.com/cgi-bin/st...4904030&EDATE=

Sorry can't trust something thats fraudulent straight from obamas own website.

"
try it. its fun!

put in $250,000 in the salary box and see the "punch in the gut" message....
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Old 10-26-2008, 02:56 PM   #4
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Default Re: taxcutsfacts.org

Quote:
Originally Posted by tony hipchest View Post
try it. its fun!

put in $250,000 in the salary box and see the "punch in the gut" message....
I did. At first I thought the page just reloaded.
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