How will Obama stimulate the economy by raising taxes on the people who create jobs?

God help us all. It's a frikin bloodless socialist revolution in the United States. I cannot believe the majority in America has come to hate prosperity. I've worked long and hard to start making a good living and now apparently I'm one of them "greedy" bad guys. I'm glad we still have our arms.

enable's evaluate. The Bush tax cuts have been in result for extra or less 7 years. in the time of his 8 365 days presidency, the rustic gained some million million jobs, the worst activity advent value in cutting-edge history. And the financial gadget tanked, oftentimes as a results of Bush's reckless deficit spending and the shortcoming of regulatory oversight, optimum to the financial meltdown and Bush's financial corporation Bailout. Bush did no longer pay for his tax cuts for the prosperous, the wars in Iraq and Afghanistan, or the Medicare section D prescription drug earnings, all of which value billions and billions of greenbacks, and further trillions to our deficit. those products have been financed via borrowing from China. during the "severe tax" Clinton years, the expenses of taxation we'd circulate decrease back to if the Bush tax cuts for the prosperous expired, the financial gadget created 22 million jobs, and we ran a surplus. Do the math Hugh, end staring at Fox information, and study something.

He will stimulate the economy by using some of those taxes to create jobs in the government. Those new government workers do not nescessarily have to have a use or even be productive. Jobs are created and that's all that matters.

If you tax the wealthy and give to the poorest of the poor. Don't you only make more poor people?

This is window dressing to get elected. The middle class has historically footed the majority of tax increases because their voice ultimately is muted by big business and their lobby. He who screams the loudest gets heard in Washington and "we" the middle class do not have the time, resources or where with all to keep our elected officials accountable because we simply don't have the political stamina to do so. That takes money to hire lawyers whose profession it is to solicit our elected officials to the bidding of who pays them. The system is broken and Obama can't singularly change it. "Fired Up and Read To Go" is a red heron to the middle class.

It will be the nail in the coffin of our economy. Not only will it slow the economy, it will chase more companies and jobs off shore creating high unemployment. Raising capital gains taxes will hurt retired people the most living on pensions. Our businesses pay some of the highest tax rates in the developed world. Just allowing the tax cuts to expire will be the equivalent of the largest tax hike in our history.

I have never heard of a job trickling up. How many "poor" people create jobs. It takes money to make money, I guess some people just don't get it. I have been a business owner for over 20 years, I would like to see these people write a check to the government instead of living off of those of us that actually pay taxes.

The bottom 50% pay almost no income taxes, of course they want the "rich" to pay their way. They will always vote for someone who promisses to hurt those who create and help those who do not, themselves. It's called envy and couvetous behavior.

Top 50% pay 97% of all taxes

Top 25% pay 86% of all taxes

Top 1% pay 39% of all taxes

Bottom 50% pay 3% of all taxes

Dead on correct.

Raising taxes (Corporate or Personal) lowers incentives to invest/create wealth. He will also encourage Unionization (per his Blueprint for Change). Either way neither is a solution to create wealth in this country. He just wants to redistribute the wealth of others. Not a good plan.

obama wants to roll back the taxes to the 90s for those that make over 250K...it isn't that big a deal and no jobs won't be lost because of it - they are talking only a 9% raise in taxes for the wealthy...

I think the concern that anyone who becomes president is going to have is how to pay down the deficit...

It is by far worse than just that. Capital gains taxes do not only affect the wealthy. It affects anyone who makes a profit by selling anything. Meaning, that if you are struggling and choose to sell something to help make ends meet, you are going to be taxed to death on any profit you make. Some will argue that if you have something substantial to sell, you must be wealthy but that simply isn't a fact. He wants to raise taxes on everyone everywhere. New and higher taxes do not boost an economy, ever.

Correct. Obama will increase taxes on the wealthy, and his definition of "wealthy" will turn out to be any family making more than about 80k/yr. Under his dream, "the rich" will be people of average means along with the millionaires. This is due to the fact that in order to raise enough money, the government needs large numbers of people to take advantage of.

If he limits the group of people that he will financially rape to millionaires, there won't be a big enough number to generate the dollars he'll need, that's why he must reach down to the middle class.

He is a socialist people! Please wake-up, before it's too late!

I believe that if the boss is happy I'm happy. If my boss is stuck paying high taxes I might get a promotion to put me in a higher tax bracket and lose more money if I get a promotion at all. Graduated tax is unfair and raising it even more will just end up punishing the lower incomes. If I have less disposable income I'm not helping the economy.