Monday, October 27, 2008

5 Myths about Obama and taxes

1) Obama will not raise taxes on 401-(k)'s.  And in fact, he's in favor of eliminating income tax on seniors who earn less than $50,000 per year:

 

http://www.politifact.com/truth-o-meter/article/2008/aug/08/twisting-facts-taxes/

 

2) Heard the one about how Obama's plan to raise corporate income taxes will decrease the number of new hires?  Obama wants to give a $3,000 tax credit to any business for each new employee hired:

 

http://discussions.pbs.org/viewtopic.pbs?p=673870&sid=3869f174a956fdee85156ab74de0bf92

 

3) Moreover, Obama wants to raise tax on businesses making a profit of over $250 K, not revenue over $250 K.  Big difference!:

 

http://www.gopolitico.com/2008/10/business-tax-is-on-profit-not-revenue.html

 

4) Want to calculate how much your tax cut would be under Obama?  Just answer 3 questions in this Tax Cut Calculator provided by the non-partisan Tax Policy Center:

 

http://alchemytoday.com/obamataxcut/

 

5) But what about Joe "The Plumber" Wurzelbacher, that hard-working guy whom Obama allegedly wants to tax to death?  Actually, Joe already owes nearly $1,200 in unpaid taxes and $1,261 in unpaid medical bills, but nevertheless, under Obama's plan, he'd be eligible for a tax cut, not an increase:

 

http://abcnews.go.com/GMA/Vote2008/story?id=6047360&page=1

 

Finally, let's dispel the biggest myth of them all: the myth of the Lib'rul Media.  Tell me, how can a rational person argue that the profit-driven mainstream media is in the bag for Obama, when their parent corporations (GE, Time Warner, Disney, News Corp, and Viacom) stand to gain $1.44 Billion in tax cuts if McCain is elected?:

 

http://sugarfreak.typepad.com/mobtownshank/2008/10/the-myth-of-lib.html

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