Ken Marino wrote:
... Farmer #1 makes about $75,000
and lives a nice life, comfortable but not an easy life by any means.
Farmer#2 makes about $375,000 and is happy that his efforts let him
afford a few luxuries and ensure his families future. Unfortunately, Mr
Obama comes along and tells him that farmer #1 has needs beyond his means
and you will have to give him some of your money so things are a little
more fair. And the bad thing is, all the g-d d-mn liberal dem's in this
country think this is the fair thing to do. Even if you don't believe
this is fair you vote for the candidares that will institute this kind of
life.
Don' even bother with the expected comeback. I'm sure the amount of
potatoes and the expected $$ return figures aren't accurate. But plug in
accurate numbers and you get the same results. Spread the (SOCIALISM AT
IT'S BEST) wealth.

Yes, I'm sure you don't want the expected "comeback," but I can't
resist. Let's consider the current tax structure. Right now, with the
Bush tax cuts, the wealthy farmer pays LESS in taxes than the other (who
would actually pay the highest rate of anyone), as a percentage of
income. This is after we put in the SS taxes and the average local
taxes. Someone like "Joe the Plumber" pays slightly less than either,
but all of them are now within a few percentage points.

How would the McCain or Obama plans affect the two farmers? The less
wealthy farmer would receive almost identical tax breaks, roughly $1500,
under the two plans. In the McCain plan, however, the wealthy farmer
gets a hefty tax cut, pocketing well over $20,000, and in fact paying
considerable less by percentage than his neighbor. Under the Obama
plan, the tax might go up about $3000, but it depends on how close his
accountant can get the Adjusted Gross to the break-even point. The
effect of the Obama plan is to essentially "level" the tax rate between
the upper middle class, and the wealthy (though admittedly it raise the
rate on the super-rich).

So what's the bottom line? The $75K farmer gets about the same modest
break with either plan, but $375K farmer pockets over $20,000 with
McCain, but pays about $3000 extra with Obama.

And the very rich? With McCain's plan Cindy McCain (income about $5
mil) get a whopping 9.4% increase in aftertax income, enough to buy
Palin's new wardrobe several times over, while Joe the Plumber pockets $600.

Obama a Socialist? I think not. McCain giving "welfare" to the rich?
Sure looks that that way to me!