Why are people so worried about taxes when the truth is most of you(about 98%)of you will never "NET" 250,000?

Only the wealthy republicans are worried. Every normal US citizen won't see that kind of money, or rarely. It's a good program.

Two people w/ college degrees could conceivably earn 125 or 150 each and have a combined income approaching "rich". Heck, teachers around me earn $80-100K, and police earn $40-$70. $250K is solidly middle class in some of the more expensive areas of the country. Heck, computer programmers in some fields are earning $150K or more right out of training!

As for cutting capital gains - I'm not for it, but your example is misleading. Sure Buffet's assets are managed to give him a lower rate - but that's what the AMT is for. That capital gains tax also affects everyone with investments, or retirement accounts. It affects the retired as well.

Finally, many folks are aware that this is only the beginning. If salaries go up and the tax rate stays, they could find themselves COLA'd into a higher tax bracket. It happened w/ the AMT - what was suppposed to hit only the "rich" now starts at just over $120K for a married couple.

Because higher taxes on business are passed on to the consumer via increased prices.

A 7.5% drop would free up some money, which a man like Buffet would invest freely. although the wealth per say won't trickle down, increased investment would translate into more jobs and a healthier economy. Obama's plan is blatant Marxism; I don't want to go down that road.

You miss the point. If we raise taxes on small businesses that earn that then they will have to cut their help down and lay people off. Somebody pays when you tax businesses. That somebody is you and I. I am sick of carrying the lazy that stay at home and live off my hard work. I don't want wealth redistribution. That is socialism. If I earn my money I deserve to keep it and so does everyone else. I refuse to believe we need to punish the wealthy. It's wrong. Everybody should pay the same amount of taxes.

j

just think about this genius, the company you work for probably makes over 250,000 a year and most companies who employ over 5 people do, they will all have to pay higher taxes, then they will find ways to cut cost, ie: LAYOFFS or payroll cutbacks that means YOU pay !!! It's just that simple.

If big companies have to up the taxes, then they can't afford as many workers, so they will have to fire them. Since taxes will be so high, they will have to mark up prices, which we buy.SO Obama is supporting higher prices on consumer products and unemployment. THIS IS WHY WE HAVE TO SHIP OUR JOBS OVERSEA! If taxes were lower, we could afford to pay Americans to work. HELLO, OPEN YOUR EYES!

Oh yes, and Obama was lying through his teeth last night. My boyfriend is a small business owner who works through an off branch of the Bank, and he will see much higher taxes. MUCH. Yes, he is a small business owner who does not make over 250,000/year, but the bank does, and since he is part of them, his taxes go up too. Obama has loop holes to tax us all.

If you want this country to become a socialist nation, by all means vote for obama

1st Of all , your facts are wrong,

2nd Quit your job and try to get a new job from a poor person.

tell me how that works out for you?

You are right most of us will not make that much, and why would McCain want to give large crop. a tax break(LIKE EXXON MOBIL) THEY SURE WERE NOT GIVING ANY BREAKS AT THE PUMPS IN THE LAST SEVERAL MONTHS.