Anyway, I'm not going to go much further into politics. Mainly because i'm not educated on the subject, and it is not meant to be talked about here. Obviously it gets overlooked on this thread, but I still don't like to do it.
That said he did present a few options for loop holes and deductions to close and get rid of during the debate last night...clearly you missed that part.
Taxes are based on household incomes and for example, My parents (who live literally down the street from the Place MMB used to live) make over 250K annually.
they are not rich, they have to save for things they want they have to pay bills in portion not full every time...they are far from rich, but they are considered rich by Obama.
and that's not even taking into account that many small business's are taxed under personal income tax rates, if you own your own business and your total income for the year is say 400k (so say you profit perhaps 50-60K) you would be considered rich....I don't know about you, but 50-60k in NYC is not rich in my opinion...they should not be paying 50%+ of their income to the government.
Lower the tax rates creates jobs and increases revenue in one fell swoop, the problem Obama has with it is that it wouldn't be the Federal Government coming in to save everyone...in fact it would be the opposite...and that's totally against his morals and Ideals.
Obama believes the government is there to save everyone.
Romney believes the government is there to help everyone save themselves.
Last edited by DavenIII; 10-04-2012 at 01:40 PM.