"hk" wrote in message
. ..
Wayne.B wrote:
On Thu, 28 Aug 2008 23:55:33 -0400, hk wrote:

Try to keep in mind that Obama is about 100 times more literate than the
idiot you put into the White House in 2000.

The democrats put Bush in the White House by running wimpy Al Gore who
couldn't even carry his own home state, and by failing to reach an
accomodation with Ralph Nader.


Hehehehe. Is there a chance *your* taxes will be going up if Obama wins?




There's a pretty good chance everybody's taxes will go up.

Bill Clinton, when he first ran, had a similar tax plan. In fact the cutoff
number was initially the same .... 250k.
It helped get him elected, but when the time came to execute the plan (he
wanted to reduce the deficit and balance the budget), the money just wasn't
there, so the income tax increase cutoff point had to be lowered. The
result was that everybody considered "middle class" and up paid more taxes.

In addition, there were many hidden tax increases that affected everybody.
The Federal tax on gasoline was increased by 17 cents/gal, along with other
increases that everybody paid. There was a lot of voodoo economics involved
in Clinton's tax plan, but all anyone remembers is that he "balanced the
budget".

The only thing I found a bit off the mark with Obama's plan is the capital
gains reduction or elimination for small business and start up companies.
It sounds good, except a small business or start up typically doesn't have
any capital gains to declare anyway. The only time capital gains would come
into play is if the small business or start up was successful, grew up, and
was sold. But then, it wouldn't qualify for the capital gains reduction.

Eisboch