Sarah Palin Apologizes to Non-Ultra-Conservative Americans

Is Obama talking about income taxes or payroll taxes? Those 40% may not have to pay income taxes but if they are working they certainly are paying payroll taxes. Also, you might want to note that in reality your "$1000 tax refund" is a tax credit up to $500 for an individual and $1,000 for a working couple.

Might want to think before regurgitating your party's talking points. It is amazing how many people are armchair tax policy experts....:laugh: :BangHead:

 

<reported inflammatory post deleted - LE>

 

Exactly... Why do they spend so much time twisting his plans?

 

Which reminds us that people are stupid, and the media is helping them.

 

It might be helpful if you explained exactly what "Payroll taxes" are and who pays them rather spouting off BHO campaign talking points. Payroll taxes go to pay for your Social Security benefits and your employer also pays a matching contribution for you.

So according to you and apparently BHO his proposed tax policy is going to cut the amount you pay into your Social Security benefits program. Yeah, that's gonna happen with all the Baby Boomers starting to retire and draw their SS benefits which is already going to completely break the system within my lifetime.

Likewise, I have read BHO's complete tax plan posted on the official website and it makes no mention of "payroll taxes." See: http://www.barackobama.com/taxes/

Also here is what BHO's website says about the $500 individual and $1,000 per couple:

It says nothing about a tax credit. It specifically calls it a tax cut. If you pay no taxes already how do you get a tax cut. You can't take something from nothing. But hey, feel free to keep diggin that hole...

 

Payroll tax is paid strictly by the employer. An example would be the employer portion of U.S. Social Security or unemployment insurance. Income tax is that tax paid by the employee. At the end of the year those making under certain income levels receive a full refund on all income taxes pulled from paychecks throughout the year. The effect is they pay no income tax. When you add to that an extra tax credit again the effect is an added 500 to 1000 dollars added on to the refund. It is cash in pocket that they never paid out at any time. It is wealth redistribution as it came from collecting taxes at a higher rate from those who earned 250,000 or more. It is socialism/communism and it is pure evil to take from one who has by legitimate means and just give it to another. This country was not founded on such ideas and is progressive in nature.

If you are going to attack others know what you are talking about. And if you are going to regurgitate Democratic party talking points yourself then you should avoid false claims of others doing so.

 

I realize that, as I have read both candidate's tax plans fully, as well as independent analysis from several reputable firms. You claimed that 40% do not pay taxes whereas in reality they do not pay income taxes; therefore your claim of "more government welfare" is rather far fetched. If you look at the plan in detail you would see that the 500/1000 tax credit will be applied to the income tax that the 55% owe the government, the other 40% would receive the credit in full. Of course as with any tax credit the remaining balance of credit not used to cover your tax amount would be yours to do with as you like. Either way to claim that these 40% of Americans who do not earn enough money to pay an income tax are receiving an unearned/undeserved "tax refund" is incorrect. They do work and they do have to pay taxes in the form of payroll taxes. The Obama website even claims that the tax credit is a means for working families to cut income tax to offset the payroll taxes they pay. I suggest you look into the work of the Tax Policy Center for further information. They are non-partisan so they shouldn't offend your sensibilities...

See above, and I have looked at his website as well other sources... Maybe you need to take a closer look or at least have an open mind when you do look at it. Kind of hard I'm sure. :wavey:

Ummmm...What do you think a tax cut entails? And again they do pay taxes, just not income taxes. So once again they are not taking something from nothing. No they may not owe the government as much as others, but I know plenty of people that could use that money they shell out every pay cycle in the form of payroll taxes. It is sad that you view some working class families in such a negative light...

You know that hole that I'm diggin? Well I think I'm diggin it to get the sand out of your ears. Kind of hard to remain objective when you live with your head in the sand isn't it. :laugh:

 

You should check your sources better before you spout off at the mouth, or at least "if you are going to attack others know what you are talking about."

A little info you may find useful given your displayed knowledge of the subject...

I chose a source that is relatively easy to understand, but if needed I could find many others. BTW, have you ever looked at yor pay stub? You might want to.

 

The same type of tax credit McCain is giving in his health plan.

 

let's see...Duke University verses about.com. You decide.

If you will look at your own source again it contradicts the post I originally quoted of yours. Employees do not have payrolls. But all taxes for the various socialist agenda's that are taken form an employees check are income or earnings based.

 

Shhh!!! Heaven forbid they both want to give a tax credit, say it ain't so! Ooops, I done forgot, Obama isn't offering a tax credit- it's a tax cut!!!! Silly me :laugh:

 

Sister Film,

The point is that 40% of American people pay no federal income taxes. They do not earn enough to be held responsible for federal income taxes. The tax laws require that the required % of tax be deducted from their pay by their employers and sent to the IRS. At the end of the year when they file their tax return they get the entire amount withheld returned to them. Therefore, in reality they pay no federal income taxes.

Now apply BHO's proposed tax plan to them. They paid no federal taxes (because the entire withheld amount was returned to them), but now they suddenly get an additional $500 (per individual) or $1,000 (per couple) added to their original IRS refund. This was not money that was taken out of their paychecks. It is money that was taken from people with higher incomes and simply redistributed to these other folks. In short another form of federal government welfare. Unless you are saying that this $500 ($1,000) is being given back to them out of their Social Security accounts (their Payroll taxes).

 

Let's split hairs then... Forgive me for using the common terminology for OSAID and Medicare taxes, ie., a payroll tax. Are you claiming that the employer pays these taxes in full? Really? The tax is split between the employee and the employer with the employee paying up to 6.2% for social security and 1.25 for medicare. Here's another source since the last one did not meet your standards:

Is findlaw reputable enough for you? I would hope so, especially if you ever need a lawyer, as many are members of their professional community.

 

You are the one who split hairs as if doing so made a difference as to how Obama is providing welfare or wealth redistribution. Your findlaw resource made no mention of "payroll' taxes as you did.

 

Bro BBoy,

How is this any different than the earned income tax credit? Again for that 40% it is a means to offset the payroll taxes they have to pay. Besides the tax refund that many receive is based on the money paid into the federal income tax it does not include the money paid into social security or medicare.

 

You mean like the checks Bush just gave us, EIC or even giving them $3400 per deduction? All of these things gives them a check when they file so what's the difference.

 

Whatever :laugh: Forgive me for using common terminology with the notion that average person would be aware of what a payroll tax entails.

 

But unless you are saying that the additional $500 ($1,000) proposed by BHO is being given back to the 40% who pay no federal income taxes out of their SS/Medicare benefit accounts (their "payroll taxes") then throwing out the phrase, "They do pay payroll taxes," is meaningless.

As pointed out by Brother LeBuick they are already getting the "Earned Income Tax Credit" which gives them money that they never paid into the federal income tax system. The same thing happens here. Money is taken from higher income earners and redistributed in another form of federal welfare. And just who is most effected by the Earned Income Tax Credit and the BHO proposed $500 ($1,000) plan? You guessed it the 55% of the "middle class working families" that BHO and the Dems claim to be fighting for...

 

I was against it when he proposed it, and when congress approved it and the checks came I paid it right back to the IRS as part of our then quarterly estimated taxes we were paying when my wife worked as a contarct employee.

 

What common terminology were you referring to? What it this:

Or was it found in the post that we completely edited for inflammatory language?