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Does anyone have info on these issues?

Posted by   + Show Post

If in anyone is willing to take the time to help me out. I am finding the presidential elections very confusing. One says one thing and the other says something different. I have looked at their websites, but hardly any facts are given. I need some help with facts.

1. China. Obama says the Republicans and Romney support tax cuts for companies that send business overseas and that he supports tax cuts for businesses who will bring their jobs back here
Romney says he wants to bring business back to the US as well.
Are they both on the same page? Does one have a history of supporting outsourcing and one have a history of trying to get jobs back? These things are hard to find when you don't have the best research skills.

2. Energy. Romney's plan is to use more of America's natural resources and in doing this he will create more jobs here and cut spending by getting oil from overseas. This sounds great, but how will this impact our environment? I like the idea of solar and wind and things like that, I do worry about what drilling and all of that will do to the environment. What are your thoughts on this?

3. Taxes. I am not a numbers person. I don't understand tax plans, all I can go on is what they say and they are both promising a tax plan that will help the middle class.

 

by on Oct. 12, 2012 at 8:23 AM
Replies (61-70):
mommom2000
by Bronze Member on Oct. 14, 2012 at 9:11 AM


Quoting 143myboys9496:

 

Quoting mommom2000:

 


Quoting Billiejeens:


 


Quoting mommom2000:


 


Quoting 143myboys9496:


 


Quoting mommom2000:


 


Quoting gsprofval:


 


Quoting mommom2000:


 


Quoting gsprofval:


 



Every small business will certainly be affected by obama's tax plan--they will have to pay an 8% payroll tax just for obamacare--plus employees will also have to pay more in taxes.

This is also false.  Where do you get your information?  Do you have actual proof where this is in the bill.  Never heard of a relation between health care and payroll taxes.


Try reading the actual bill; it's also all over the news.


It is? show it to me.  You are wrong, it does nothing to payroll taxes. Please show proof to this.


 



I couldn't copy and past the table. I personally, on my W2 "claim 0, married but withhold at the single higher rate"..becase back 18 years ago, when I claimed 1 when I had my first son, we ended up having to pay the gov't $3000. Because my dh also, claimed 1. Only one of us can claim our sons, so my dh does it, because he earns less. According to the table under the Romney plan my taxes will go down any where from 6.6% to 7%. Under the Romney plan, there'll be changes to my deductions as well. But I'll have more in my paycheck every week, and that's what pays my bills.

Yes Romney plans to make a 20% cut across the board.  Yes while it might mean you have a little more in your pocket.  It also means the rich people will have hundred of thousands more in their pocket. And to pay for the riches tax cut they will have to get rid of deductions you take advantage of. The CBO estimates your family will end up paying 2,000 more a year.  Romney says that won't happen, but offers no explanation why.  To pay for the giant giveaway to the rich and not add to the deficit the experts agree it will hit the middle class, so you will have to pay for the wealthy tax giveaway in the end.



Do you really believe this nonsense, or are you just an activist pushing this ridiculous position?


Both of your quotes are telling me I'm wrong, without any reasoning behind saying that.  What I have stated about taxes is exactly what the experts who looked at his plan say will have to happen, it it's not to add to the deficit as promised.  Do you have an explanation, explaining otherwise?  I know you didn't get your explanation from Romney because he has yet to even mention one deduction he would end.  You can call it ridiculous if you like, but you should also explain what part is ridiculous.  The part about Solyndra that I posted is a timeline of how the events happened, which part do you disagree with. When you ell people they are wrong, you should explain yourself.

 

 Please explain to me HOW if my tax rate is reduced by 6-7% and I have as much as $300 per week MORE in my pocket, I'm going to end up paying $2000 extra per year?

Where does that figure come from, because honestly, I can't find the validation for it.

I'm not really sure how you come up with your math if you think you are going to save 300 more a week that would mean you make 4,500 a week, almost 250,000 a year.  Your probably screwing up your math.  If they take less income tax out of your check each week you will have a little more in your pocket, but at the end of the year when you file your taxes, and the credits that you normally take are gone you will owe more money at the end of the year, this is where you will loose your money

maddyistheone
by Member on Oct. 14, 2012 at 11:27 AM

 

Quoting 143myboys9496:

 

Quoting 143myboys9496:

 

Quoting mommom2000:

 

Quoting 143myboys9496:

 

Quoting mommom2000:

 

Obama wants to and always has wanted to raise the individual tax rate to 39, the same as it was under Clinton, when Bush enacted these tax cuts they were always meant to expire, Obama wants them o expire for anyone making over 250,000.  Some small business do file as individuals but only 3 % of businesses who do make that much.  Obama said during the debate he wanted to lower corporation taxes to 28%. Obama has never suggested raisinfcorporation taxes, only individual taxes for the wealthy.

 Yes, it might be only 3%, but what if your family or you and your husband owned a business that fell within that 3%?? Not such a small number now is it?  And what happened if say..2% of businesses of that "only" 3% had to shut their doors? What would happen to the unemployment rate? And of the remaining 97% how many of those are we willing to gamble with that won't say "I can't do this anymore" close their doors BEFORE loosing everything they own?

IMHO, we should close the loopholes for millionaires, as a start. And maybe re-adjust the tax brackets...I have 2 children, a home, been married for 21 years, one of my 2 is in college. And in my 23years of employemnt (22 with the same company), I have always had to pay my taxes as "claim 0, married but withhold at the single higher rate". I had to pay the gov't $3000 once..once. I'll NOT ever have to do that again. I can't afford another bill..whether it's to Best Buy, Macy's or the U.S. gov't.

I'm not even sure what you are getting at.  You do realize this is profit, after expenses, payroll etc.  Do you also realise that the first 250,000  of that hypothetical husbands profit will be taxed at the lower rate.  So if that husband made a profit of 280,000 only 30,000 of that will be taxed 4% higher. If you take the average profit of the 3% of small business that is in that category the average profit is 8 million dollars in profit.  A lot of that 3 percent aren't even job creators they are sports stars , movie stars, hedge fund managers, who employ no one.  I think you are blaming the wrong people for your tax bill.

 Fine, even still WHY would you want to give the gov't MORE money??? That $30K could be 2 or 3 part time employees. Romney wants to reduce the current tax rates. I cannot claim my children without OWING the gov't money in April. So I am married and am taxed at the highest rate of 35%. Under the Romney plan, that would be reduced by 7%. I can't even express to you how much more money that would be in my pocket every week. I'd be able to save money, and not care that my refund went down $500.

Obama wants to CUT the military, do you know what that will do to jobs??? Who does alot of contract work for our military? Raytheon, so if there are defense cuts what happens to those contracts? Those jobs??

 And just to let you know...that $280,000 you referred to, won't be taxed the way you mentioned. Just the extra $30K at the extra 4%...the ENTIRE gross adjusted income of $280,000 would be taxed at the rate of 39%. I don't know if you misspoke, but it's not part of the income over $250K that's taxed at an extra 4%, it's the ENTIRE income of $250K that's taxed at the rate of 39%.

No it is not the entire amount, only the amount over.  Please review you information source.  Below is from forbes.com on the subject and web site link:

The Obama plan to raise taxes on earning in excess of a quarter million bucks a year proposes only a marginal rise on the rate paid by those earning over $248,000-leaving the amounts earned under the threshold to be taxed at the current, Bush Tax Cut rates.

The President's plan raises the tax rate from 33 percent to 36 percent but only on the amount of earnings exceeding $247,000 and less than $398,000. Anyone pulling down more than $398,000 in taxable income will see a 4.6 percent increase in the marginal tax rate paid on those earnings over the $398,000 but only on those earnings over $398,000.

http://www.forbes.com/sites/rickungar/2012/07/20/the-truth-about-the-obama-tax-hike-proposal-how-both-sides-of-the-political-divide-are-playing-you-for-a-sucker/2/


 

mommom2000
by Bronze Member on Oct. 14, 2012 at 11:36 AM


Quoting 143myboys9496:

 

Quoting 143myboys9496:

 

Quoting mommom2000:

 

Quoting 143myboys9496:

 

Quoting mommom2000:

 

Obama wants to and always has wanted to raise the individual tax rate to 39, the same as it was under Clinton, when Bush enacted these tax cuts they were always meant to expire, Obama wants them o expire for anyone making over 250,000.  Some small business do file as individuals but only 3 % of businesses who do make that much.  Obama said during the debate he wanted to lower corporation taxes to 28%. Obama has never suggested raisinfcorporation taxes, only individual taxes for the wealthy.

 Yes, it might be only 3%, but what if your family or you and your husband owned a business that fell within that 3%?? Not such a small number now is it?  And what happened if say..2% of businesses of that "only" 3% had to shut their doors? What would happen to the unemployment rate? And of the remaining 97% how many of those are we willing to gamble with that won't say "I can't do this anymore" close their doors BEFORE loosing everything they own?

IMHO, we should close the loopholes for millionaires, as a start. And maybe re-adjust the tax brackets...I have 2 children, a home, been married for 21 years, one of my 2 is in college. And in my 23years of employemnt (22 with the same company), I have always had to pay my taxes as "claim 0, married but withhold at the single higher rate". I had to pay the gov't $3000 once..once. I'll NOT ever have to do that again. I can't afford another bill..whether it's to Best Buy, Macy's or the U.S. gov't.

I'm not even sure what you are getting at.  You do realize this is profit, after expenses, payroll etc.  Do you also realise that the first 250,000  of that hypothetical husbands profit will be taxed at the lower rate.  So if that husband made a profit of 280,000 only 30,000 of that will be taxed 4% higher. If you take the average profit of the 3% of small business that is in that category the average profit is 8 million dollars in profit.  A lot of that 3 percent aren't even job creators they are sports stars , movie stars, hedge fund managers, who employ no one.  I think you are blaming the wrong people for your tax bill.

 Fine, even still WHY would you want to give the gov't MORE money??? That $30K could be 2 or 3 part time employees. Romney wants to reduce the current tax rates. I cannot claim my children without OWING the gov't money in April. So I am married and am taxed at the highest rate of 35%. Under the Romney plan, that would be reduced by 7%. I can't even express to you how much more money that would be in my pocket every week. I'd be able to save money, and not care that my refund went down $500.

Obama wants to CUT the military, do you know what that will do to jobs??? Who does alot of contract work for our military? Raytheon, so if there are defense cuts what happens to those contracts? Those jobs??

 And just to let you know...that $280,000 you referred to, won't be taxed the way you mentioned. Just the extra $30K at the extra 4%...the ENTIRE gross adjusted income of $280,000 would be taxed at the rate of 39%. I don't know if you misspoke, but it's not part of the income over $250K that's taxed at an extra 4%, it's the ENTIRE income of $250K that's taxed at the rate of 39%.

I'm sorry to tell you but yet again you are mistaken. Obama has always said the tax hike will go up for people making an excess of 250,000, excess being the operative word.

http://www.forbes.com/sites/rickungar/2012/07/20/the-truth-about-the-obama-tax-hike-proposal-how-both-sides-of-the-political-divide-are-playing-you-for-a-sucker/

The Obama plan to raise taxes on earning in excess of a quarter million bucks a year proposes only a marginal rise on the rate paid by those earning over $248,000—leaving the amounts earned under the threshold to be taxed at the current, Bush Tax Cut rates.

143myboys9496
by Gold Member on Oct. 14, 2012 at 11:53 AM

 

Quoting mommom2000:

 

Quoting 143myboys9496:

 

Quoting mommom2000:

 


Quoting Billiejeens:


 


Quoting mommom2000:


 


Quoting 143myboys9496:


 



 



I couldn't copy and past the table. I personally, on my W2 "claim 0, married but withhold at the single higher rate"..becase back 18 years ago, when I claimed 1 when I had my first son, we ended up having to pay the gov't $3000. Because my dh also, claimed 1. Only one of us can claim our sons, so my dh does it, because he earns less. According to the table under the Romney plan my taxes will go down any where from 6.6% to 7%. Under the Romney plan, there'll be changes to my deductions as well. But I'll have more in my paycheck every week, and that's what pays my bills.

Yes Romney plans to make a 20% cut across the board.  Yes while it might mean you have a little more in your pocket.  It also means the rich people will have hundred of thousands more in their pocket. And to pay for the riches tax cut they will have to get rid of deductions you take advantage of. The CBO estimates your family will end up paying 2,000 more a year.  Romney says that won't happen, but offers no explanation why.  To pay for the giant giveaway to the rich and not add to the deficit the experts agree it will hit the middle class, so you will have to pay for the wealthy tax giveaway in the end.



Do you really believe this nonsense, or are you just an activist pushing this ridiculous position?


Both of your quotes are telling me I'm wrong, without any reasoning behind saying that.  What I have stated about taxes is exactly what the experts who looked at his plan say will have to happen, it it's not to add to the deficit as promised.  Do you have an explanation, explaining otherwise?  I know you didn't get your explanation from Romney because he has yet to even mention one deduction he would end.  You can call it ridiculous if you like, but you should also explain what part is ridiculous.  The part about Solyndra that I posted is a timeline of how the events happened, which part do you disagree with. When you ell people they are wrong, you should explain yourself.

 

 Please explain to me HOW if my tax rate is reduced by 6-7% and I have as much as $300 per week MORE in my pocket, I'm going to end up paying $2000 extra per year?

Where does that figure come from, because honestly, I can't find the validation for it.

I'm not really sure how you come up with your math if you think you are going to save 300 more a week that would mean you make 4,500 a week, almost 250,000 a year.  Your probably screwing up your math.  If they take less income tax out of your check each week you will have a little more in your pocket, but at the end of the year when you file your taxes, and the credits that you normally take are gone you will owe more money at the end of the year, this is where you will loose your money

 He's not eliminating the deductions his plan is to reduce them. What I need is more in my weekly paycheck to pay my bills, not a bigger tax return in April. And that $300 I quoted above is combined with my and my dh, sorry about that. Unfortunately I don't have good math, my dh can figure out percentages over time, in his head. I don't know anyone other than him who can do that. When we talked about the Romney plan he mentioned an extra $300 a week, that was combined..my bad.

I can't claim anything not even married on my W2, my dh claims 1, because he earns less than I do.

I just really cannot afford another 4 years of Obama. At the rate he's going, I WILL loose my house.

mommom2000
by Bronze Member on Oct. 14, 2012 at 12:04 PM


Quoting 143myboys9496:

 

Quoting mommom2000:

 

Quoting 143myboys9496:

 

Quoting mommom2000:

 


Quoting Billiejeens:


 


Quoting mommom2000:


 


Quoting 143myboys9496:


 



 



I couldn't copy and past the table. I personally, on my W2 "claim 0, married but withhold at the single higher rate"..becase back 18 years ago, when I claimed 1 when I had my first son, we ended up having to pay the gov't $3000. Because my dh also, claimed 1. Only one of us can claim our sons, so my dh does it, because he earns less. According to the table under the Romney plan my taxes will go down any where from 6.6% to 7%. Under the Romney plan, there'll be changes to my deductions as well. But I'll have more in my paycheck every week, and that's what pays my bills.

Yes Romney plans to make a 20% cut across the board.  Yes while it might mean you have a little more in your pocket.  It also means the rich people will have hundred of thousands more in their pocket. And to pay for the riches tax cut they will have to get rid of deductions you take advantage of. The CBO estimates your family will end up paying 2,000 more a year.  Romney says that won't happen, but offers no explanation why.  To pay for the giant giveaway to the rich and not add to the deficit the experts agree it will hit the middle class, so you will have to pay for the wealthy tax giveaway in the end.



Do you really believe this nonsense, or are you just an activist pushing this ridiculous position?


Both of your quotes are telling me I'm wrong, without any reasoning behind saying that.  What I have stated about taxes is exactly what the experts who looked at his plan say will have to happen, it it's not to add to the deficit as promised.  Do you have an explanation, explaining otherwise?  I know you didn't get your explanation from Romney because he has yet to even mention one deduction he would end.  You can call it ridiculous if you like, but you should also explain what part is ridiculous.  The part about Solyndra that I posted is a timeline of how the events happened, which part do you disagree with. When you ell people they are wrong, you should explain yourself.

 

 Please explain to me HOW if my tax rate is reduced by 6-7% and I have as much as $300 per week MORE in my pocket, I'm going to end up paying $2000 extra per year?

Where does that figure come from, because honestly, I can't find the validation for it.

I'm not really sure how you come up with your math if you think you are going to save 300 more a week that would mean you make 4,500 a week, almost 250,000 a year.  Your probably screwing up your math.  If they take less income tax out of your check each week you will have a little more in your pocket, but at the end of the year when you file your taxes, and the credits that you normally take are gone you will owe more money at the end of the year, this is where you will loose your money

 He's not eliminating the deductions his plan is to reduce them. What I need is more in my weekly paycheck to pay my bills, not a bigger tax return in April. And that $300 I quoted above is combined with my and my dh, sorry about that. Unfortunately I don't have good math, my dh can figure out percentages over time, in his head. I don't know anyone other than him who can do that. When we talked about the Romney plan he mentioned an extra $300 a week, that was combined..my bad.

I can't claim anything not even married on my W2, my dh claims 1, because he earns less than I do.

I just really cannot afford another 4 years of Obama. At the rate he's going, I WILL loose my house.

You need more money in your paycheck, what this will do is rob Peter to pay Paul.  This could even mean you will owe taxes at the end of the year, do you have that money?  The reason the non partisan committee suggest it will raise your taxes by 2,000 a year is because Romney promises that his 5 trillion dollar tax cut will not add to the deficit.  To accomplish this he is saying he will get rid of loopholes and deductions. The experts agree that mathematically this isn't possible unless you also stop deductions that middle class take advantage of.  He says he won't touch middle class but has yet to list one deduction he will get rid of, this means one of two things the reason he won't tell is because you won't like it, or the reason he won't tell because it's impossible.  Either way Romney's plan does one of two things, it doesn't add to the deficit and your taxes go up by 2,000 or it adds to the deficit.  Like Clinton says it's simple math.    Loosing 2,000 dollars for your family is losing it, no matter if it's right away or later.

143myboys9496
by Gold Member on Oct. 14, 2012 at 12:08 PM

 

Quoting mommom2000:

 

Quoting 143myboys9496:

 

Quoting 143myboys9496:

 

Quoting mommom2000:

 

Quoting 143myboys9496:

 

Quoting mommom2000:

 

Obama wants to and always has wanted to raise the individual tax rate to 39, the same as it was under Clinton, when Bush enacted these tax cuts they were always meant to expire, Obama wants them o expire for anyone making over 250,000.  Some small business do file as individuals but only 3 % of businesses who do make that much.  Obama said during the debate he wanted to lower corporation taxes to 28%. Obama has never suggested raisinfcorporation taxes, only individual taxes for the wealthy.

 Yes, it might be only 3%, but what if your family or you and your husband owned a business that fell within that 3%?? Not such a small number now is it?  And what happened if say..2% of businesses of that "only" 3% had to shut their doors? What would happen to the unemployment rate? And of the remaining 97% how many of those are we willing to gamble with that won't say "I can't do this anymore" close their doors BEFORE loosing everything they own?

IMHO, we should close the loopholes for millionaires, as a start. And maybe re-adjust the tax brackets...I have 2 children, a home, been married for 21 years, one of my 2 is in college. And in my 23years of employemnt (22 with the same company), I have always had to pay my taxes as "claim 0, married but withhold at the single higher rate". I had to pay the gov't $3000 once..once. I'll NOT ever have to do that again. I can't afford another bill..whether it's to Best Buy, Macy's or the U.S. gov't.

I'm not even sure what you are getting at.  You do realize this is profit, after expenses, payroll etc.  Do you also realise that the first 250,000  of that hypothetical husbands profit will be taxed at the lower rate.  So if that husband made a profit of 280,000 only 30,000 of that will be taxed 4% higher. If you take the average profit of the 3% of small business that is in that category the average profit is 8 million dollars in profit.  A lot of that 3 percent aren't even job creators they are sports stars , movie stars, hedge fund managers, who employ no one.  I think you are blaming the wrong people for your tax bill.

 Fine, even still WHY would you want to give the gov't MORE money??? That $30K could be 2 or 3 part time employees. Romney wants to reduce the current tax rates. I cannot claim my children without OWING the gov't money in April. So I am married and am taxed at the highest rate of 35%. Under the Romney plan, that would be reduced by 7%. I can't even express to you how much more money that would be in my pocket every week. I'd be able to save money, and not care that my refund went down $500.

Obama wants to CUT the military, do you know what that will do to jobs??? Who does alot of contract work for our military? Raytheon, so if there are defense cuts what happens to those contracts? Those jobs??

 And just to let you know...that $280,000 you referred to, won't be taxed the way you mentioned. Just the extra $30K at the extra 4%...the ENTIRE gross adjusted income of $280,000 would be taxed at the rate of 39%. I don't know if you misspoke, but it's not part of the income over $250K that's taxed at an extra 4%, it's the ENTIRE income of $250K that's taxed at the rate of 39%.

I'm sorry to tell you but yet again you are mistaken. Obama has always said the tax hike will go up for people making an excess of 250,000, excess being the operative word.

http://www.forbes.com/sites/rickungar/2012/07/20/the-truth-about-the-obama-tax-hike-proposal-how-both-sides-of-the-political-divide-are-playing-you-for-a-sucker/

The Obama plan to raise taxes on earning in excess of a quarter million bucks a year proposes only a marginal rise on the rate paid by those earning over $248,000—leaving the amounts earned under the threshold to be taxed at the current, Bush Tax Cut rates.

 http://townhall.com/tipsheet/guybenson/2012/08/03/does_romneys_tax_plan_hurt_everyone_but_the_rich

Billiejeens
by Ruby Member on Oct. 14, 2012 at 12:14 PM


Quoting jonnlilithsmom:

1. Romney's venture capital firm, Bain Capitol, is in the business of leveraging companies, taking out their capital and sending the jobs overseas... he sees no reason not to do so, if it means a profit in his pocket

2. Romney is against any kind of regulation which would protect the environment, because that would lower the profits his croneys would be able to take in

3. I'm not a numbers person either, but even I can see that lowering taxes 20% across the board, while increasing military spending, and lowering the deficit, as Romney claims he is going to do, is simply not possible without cutting social programs completely... and not even then, if he's the least bit honest... the only way he will be able to give his rich contributors what they want will be by devastating the poor and middle class

I agree, you are not a numbers person.

143myboys9496
by Gold Member on Oct. 14, 2012 at 12:25 PM

 

Quoting mommom2000:

 

Quoting 143myboys9496:

 

Quoting mommom2000:

 

Quoting 143myboys9496:

 

Quoting mommom2000:

 


Quoting Billiejeens:


 


Quoting mommom2000:


 


Quoting 143myboys9496:


 



 



I couldn't copy and past the table. I personally, on my W2 "claim 0, married but withhold at the single higher rate"..becase back 18 years ago, when I claimed 1 when I had my first son, we ended up having to pay the gov't $3000. Because my dh also, claimed 1. Only one of us can claim our sons, so my dh does it, because he earns less. According to the table under the Romney plan my taxes will go down any where from 6.6% to 7%. Under the Romney plan, there'll be changes to my deductions as well. But I'll have more in my paycheck every week, and that's what pays my bills.

Yes Romney plans to make a 20% cut across the board.  Yes while it might mean you have a little more in your pocket.  It also means the rich people will have hundred of thousands more in their pocket. And to pay for the riches tax cut they will have to get rid of deductions you take advantage of. The CBO estimates your family will end up paying 2,000 more a year.  Romney says that won't happen, but offers no explanation why.  To pay for the giant giveaway to the rich and not add to the deficit the experts agree it will hit the middle class, so you will have to pay for the wealthy tax giveaway in the end.



Do you really believe this nonsense, or are you just an activist pushing this ridiculous position?


Both of your quotes are telling me I'm wrong, without any reasoning behind saying that.  What I have stated about taxes is exactly what the experts who looked at his plan say will have to happen, it it's not to add to the deficit as promised.  Do you have an explanation, explaining otherwise?  I know you didn't get your explanation from Romney because he has yet to even mention one deduction he would end.  You can call it ridiculous if you like, but you should also explain what part is ridiculous.  The part about Solyndra that I posted is a timeline of how the events happened, which part do you disagree with. When you ell people they are wrong, you should explain yourself.

 

 Please explain to me HOW if my tax rate is reduced by 6-7% and I have as much as $300 per week MORE in my pocket, I'm going to end up paying $2000 extra per year?

Where does that figure come from, because honestly, I can't find the validation for it.

I'm not really sure how you come up with your math if you think you are going to save 300 more a week that would mean you make 4,500 a week, almost 250,000 a year.  Your probably screwing up your math.  If they take less income tax out of your check each week you will have a little more in your pocket, but at the end of the year when you file your taxes, and the credits that you normally take are gone you will owe more money at the end of the year, this is where you will loose your money

 He's not eliminating the deductions his plan is to reduce them. What I need is more in my weekly paycheck to pay my bills, not a bigger tax return in April. And that $300 I quoted above is combined with my and my dh, sorry about that. Unfortunately I don't have good math, my dh can figure out percentages over time, in his head. I don't know anyone other than him who can do that. When we talked about the Romney plan he mentioned an extra $300 a week, that was combined..my bad.

I can't claim anything not even married on my W2, my dh claims 1, because he earns less than I do.

I just really cannot afford another 4 years of Obama. At the rate he's going, I WILL loose my house.

You need more money in your paycheck, what this will do is rob Peter to pay Paul.  This could even mean you will owe taxes at the end of the year, do you have that money?  The reason the non partisan committee suggest it will raise your taxes by 2,000 a year is because Romney promises that his 5 trillion dollar tax cut will not add to the deficit.  To accomplish this he is saying he will get rid of loopholes and deductions. The experts agree that mathematically this isn't possible unless you also stop deductions that middle class take advantage of.  He says he won't touch middle class but has yet to list one deduction he will get rid of, this means one of two things the reason he won't tell is because you won't like it, or the reason he won't tell because it's impossible.  Either way Romney's plan does one of two things, it doesn't add to the deficit and your taxes go up by 2,000 or it adds to the deficit.  Like Clinton says it's simple math.    Loosing 2,000 dollars for your family is losing it, no matter if it's right away or later.

 You realize that Obama's plan only works if 3"IF's" fall into place. Then that $2200 Obama is saying he'll save the middle class is cut down to $1200 which gets negated if his 3rd "if" doesn't pass. I can't find the link where I read it, I'll keep looking. Below is a quote, the website for the full article is below it:

 

President Obama kept pointing out Monday that he has cut taxes. But he doesn't understand that the way that he cut taxes actually discouraged work for one simple reason: he increased marginal tax rates. Obama's tax cuts increase marginal tax rates because he phases out deductions and credits as people make more income. You get the earned income tax credit or the college tuition credit but as you earn more money more of those credits are taken away from you. Those lost tax benefits are on top of the unchanged official marginal tax brackets. Average tax rates went down, but marginal tax rates went up.

The president said he wants “an economy where work pays off.” But if you actually want to give me an incentive to work more it is the marginal tax rate that matters. The solution is obvious: let people keep more of each additional dollar they earn.



Read more: http://www.foxnews.com/opinion/2012/07/09/truth-about-obama-tax-cut-extension-plan/#ixzz29I7WOu8N

maddyistheone
by Member on Oct. 14, 2012 at 2:21 PM


Quoting 143myboys9496:

 

Quoting maddyistheone:

Common sense will tell you the reason both Romney and Ryan will not even tell you one loophole or tax deduction they will reform (eliminate) to pay for the 20% across the board tax cut should tell you that they DO NOT want you to know because you will not like it.A 6-7% tax reduction will put $300-400 (maybe more) in my pocket every WEEK, and I'm saying no to that why?? Please tell me. Because that extra money I can save and pay my bills. I can't pay my November mortgage payment with my April refund.  As you are already aware that the $300 more in you pocket is a miscalculation and that take home will increase is bases upon tax withheld before and after cut.  This amount like the income tax cuts Obama had given all working people with stimulus monies and his second cut related to payroll taxes will not and does not come close to covering a mortgage payment although we in the middle class all wish it would.  I can tell you though that the 20% cut for someone making a million will.  In April you do not want to face the fact that a deduction you have been taking for years like mortgage interest has been eliminated or significantly reduce and now you have to come up with paying instead of getting a refund. 

And remember across the board means the cuts to the middle class will be significantly less than those of the rich and because the income gap is so wide the offset to those dollars is going to be paid for by who? I'd LOVE to see how, because I can't claim ANY thing on my W2..I can't claim myself, my dh OR my kids. NOTHING, NO ONE. As a matter of fact (I've said this before) I HAVE to claim "0 and married but withhold at the single higher rate", otherwise I OWE the gov't money in April. I'm not poor, I'm not rich, honey, I AM the middle class and I'm getting squeezed NOW, and it's gotten worse over the last 4 years. Sorry but I can't afford another 4 years of the same thing. 20% of 1 million (200,000) will be payed for by you, the middle class if it is not to effect the deficit and the how is to cut your deductions (or has Romney told us what deduction he will cut for the millionaire to cover the 200K).  Unless you lost your job or took a big cut in wages or bought a new home or recently are experiencing heath cost you did not have your living situation if not good today was most likely not good 4 years ago.  So I am sorry to hear it is getting worst over the last 4 years but you fail to say what policy Obama has implemented that has made your life worst.  Yes, the middle class has been squeezed over the last 4 years (and the previous 8) but you need to thank the destruction of the economy and policies of your Republican friends who put us in the hole and have been working hard these last 4 years keep you their bybeing the record NO on helping Obama grow our ecomony for the middle class instead of just the rich who have been doing just fine thought it all.  The rules on W2 have not changed so if they are not good for you now they where not good for you before.

Not the poor, and certainly not the rich who make most of their income of investments rather than labor and those (capital gains) dollars are also excluded along with dividends and the death tax and you cannot comprehend that basic mathematics means they will be paid for by the middle class.  And you have already been told that the financial wizards have already calculated that means middle class actual taxes will go up by thousands of dollars.   Not to mention the fact that at the debate, Romney stated he's promoting a PRINCIPAL, and that he's open to ideas from dems and republicans alike as to how we get the the end result. That it's not just Romney's way..he wants democrats and republicans to sit together and find solutions that make both sides content.  That it will be wonderful when the Republican sat down with Obama or in the Senate with themselves or House to work for solutions to our problems with democrats instead of just saying no to all hoping that if we do not improve they can take back the White House. How is Romney going to remedy the pledge not to raise taxes on anyone that his buddies have all signed.  Stave the beast is not a conspiracy theory but a fact.

Those arguing that their paycheck will be bigger are quite short sighted that at tax time they will be shelling out money that had better been saving for.  Or you can put it on the credit card and really start putting yourself in the hole the Republican Party has been digging for the middle class for years. Odd because for the first time in my 21 year marriage I have amassed almost $10K in credit card debt, which has been done over the last 4 years. You DO realize that it was the DEMOCRATS that pulled the rip cord on banking regulations and subprime mortgages? AND it was the DEMOCRATS that signed NAFTA. The credit card exposion took place before Obama for both DC with unpayed for tax cuts, two wars and a unpayed for perscription plan and well as the people and it took Obama to implement reforms to prevent abuses the banks where pushing on us.  Yes, I would think it odd that you are in debt now and not before unless as I stated early you family situation changed but to no fault of the Obama admistration.  And if because of Obama I would like to possible know why and what he did.  You are correct on the pulled rip cord so some extent as it did take place with Clinton and let's get the facts straight a Republican house.  But is was the LACK OF ENFORCEMENT of remaining rules under Bush and company that cause the crash.  Subprime was a Wall Street invention as well as the corruption that came from it.

 They have been putting you and our government into debt for years and now telling you it has to stop with more cuts to those who do not need them.  An honest person would tell you exactly how it the cuts will be paid for and only the dishonest need to keep it a secret.  These same people tell you the want to save Medicare for you when in fact they did not like it from the beginning and have for years tried to make it disappear and privatize it.  You and other on the right say its socialized medicine and government controlled which makes it bad for the American people and also say you want to save it.  Those are contradictory statement  I guess you also think the health insurance business and the pharmaceuticals  have your best interest in mind and have such a great job on keep out cost down and service high and we do not have a major problem with the system we have had for our under 65 people.  Do you know the definition of the word gullible?  That is who the right has been counting on and yes,  it works sorry to say.  Think about the simple truth of human behavior. What we NEEDED was INSURANCE reform what our gov't gave us was HEALTHCARE reform, because insurance companies have lobbyists, and lobbyists have congressmen/women in their back pockets so which congressman/woman is going to go against a corporation that's donated to their campaign? When you find one, let me know.  You cannot separate with words, insurance from health care in the USA.  The are one in the same for years including the experimentation of HMO's the reduce cost when then did a much better job on reducing services.  The lobbyist take over of Washington was at its peak with Cheney takeover on welcoming them all to sit down with him and tell me what you want and rewrite our law to their benefit.  Yes, Dems became part of the problem but at least they want to put some rules and regulation and controls into place while the right want it to let them do what they want.   Tell me who is for and says "corporations are people and money is speach"?   It should also help you understand who is for the middle class (working American taxpayers) and who says corporation rule and the just wait for trickle down, it's coming.

 


maddyistheone
by Member on Oct. 14, 2012 at 3:55 PM


Quoting pvtjokerus:

Who has controlled the majority since 2006?

Are we going to erase history and leave out 2001 through 2005 when we had two unpaid for tax cuts, the start of two wars that where off the books and an unfunded Medicare D plan?  From 2006 we had unenforced Wall Street and banking manipulations up though the end of 2008 and I believe Bush was in control and we do know that it is the executive branch that does our enforcement.  And the melt down this caused and lost of jobs was so big that even the best of economist did not predict its severity.  Now since 2009 we stopped the freefall and began to turn things around ever so slowly thanks the the interference of those who not only caused the problem but want to take back control to insure that the corporations remain in control doing their way.  And the continued weakiing of the middle class (the American workers) to help prevent another Obama type (Democrat) take over of the White House that would help give us back the standard of living and world leadership we once had..  We need to continue to dig ourselves out of the hole our Republican friends put us in and to many people are in to big a hurry to understand it takes time to right a sinking ship.  I want to contiue moving forward and not go backwords and continue to wait for the triclkle down you think is just around the corner.  The job creators have had their tax cuts now for 12 years, where are the jobs?  Oh, they need more you say?  I hope that answered you question.

 

Quoting maddyistheone:

Common sense will tell you the reason both Romney and Ryan will not even tell you one loophole or tax deduction they will reform (eliminate) to pay for the 20% across the board tax cut should tell you that they DO NOT want you to know because you will not like it.  And remember across the board means the cuts to the middle class will be significantly less than those of the rich and because the income gap is so wide the offset to those dollars is going to be paid for by who?  Not the poor, and certainly not the rich who make most of their income of investments rather than labor and those (capital gains) dollars are also excluded along with dividends and the death tax and you cannot comprehend that basic mathematics means they will be paid for by the middle class.  And you have already been told that the financial wizards have already calculated that means middle class actual taxes will go up by thousands of dollars.   

Those arguing that their paycheck will be bigger are quite short sighted that at tax time they will be shelling out money that had better been saving for.  Or you can put it on the credit card and really start putting yourself in the hole the Republican Party has been digging for the middle class for years.  They have been putting you and our government into debt for years and now telling you it has to stop with more cuts to those who do not need them.  An honest person would tell you exactly how it the cuts will be paid for and only the dishonest need to keep it a secret.  These same people tell you the want to save Medicare for you when in fact they did not like it from the beginning and have for years tried to make it disappear and privatize it.  You and other on the right say its socialized medicine and government controlled which makes it bad for the American people and also say you want to save it.  Those are contradictory statement  I guess you also think the health insurance business and the pharmaceuticals  have your best interest in mind and have such a great job on keep out cost down and service high and we do not have a major problem with the system we have had for our under 65 people.  Do you know the definition of the word gullible?  That is who the right has been counting on and yes,  it works sorry to say.  Think about the simple truth of human behavior.

 


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