Taxes

My tax savings under Obama would be $2,080 in 2013 if the Republicans in Congress extend the middle class tax cut they completely agree upon but refuse to approve unless tax cuts for those who make $1M a year are extended.  Under Mitt Romney's still sketchy economic plan that was analyzed by the nonpartisan Tax Policy Center and not refuted by Romney's campaign (other than to say they weren't nonpartisan), my taxes would rise by $1,339 in 2013, because he's doing an "across-the-board" tax cut that cuts my taxes by the same percentage as those making $1M or more and the money the rich people like Romney would save so overwhelms any of my savings, it would create a gaping deficit as a result.  So since Romney also claims that his plan would not raise the deficit but would instead get rid of current deductions in the tax code, you know like the mortgage deduction that saves me thousands in taxes a year, my taxes (and all the taxes of middle class families) would go up to pay for the tax breaks for the rich.  Not to pay down the deficit.  Not to create jobs or repair roads and bridges or our crumbling educational system.  No, our taxes under Mitt Romney's plan would rise in order to give the same rich people already making out extremely well in the past 30 years and extremely well after the recession even more money.  It's almost stunning that Romney is actually more trusted on the economy than Obama in recent polls.  Well it would be more stunning if the electorate had even half a clue just how incredibly far-right and incredibly devastating this current version of the Republican party is.  But please pass along this handy video to help you figure out your taxes under Obama vs. Romney for yourself.  You'll probably be surprised.  And a little pissed that somehow Romney remains within striking distance of the presidency.  And within striking distance of ruining our economy again the way Bush did just 4 years ago.

 

Comments

[abercrombie deutschland]

Es gibt definitiv viele Einzelheiten wie das zu berücksichtigen. Das mag eine schöne Stelle zu vermitteln, bis sein. Ich liefere die Ideen über die allgemeine Inspiration, aber klar gibt es Fragen wie die, die Sie liefern bis an die Stelle ein sehr mächtiger Faktor in vertrauenswürdigen Treu und Glauben arbeiten werden.

[John Depot]

Do me a favor... On the Obama/Romney tax calculator, assume double your salary and add 2 dependents for a 'typical' working family consisting of two working parents and two children. YOU may be surprised. That (not-so-rich) family would save $4000+ under Romney.

[Margo]

With mechanization you could cabecivonly get something out of The Time Machine. People being the Eloi, machines being the Morlocks. Which would work fine except for two things, one a possibility and the other a certainty.Machines attain self-sentience, and if they're not naturally angelic then it's adios muchachos. I'm agnostic on the Singularity, leaning toward doubting it.The real problem is human nature. Angst and greed, as you point out, plus predatory humans enjoy preying on others.