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What would be your maximum tax increase rate?
In order to support a Share the wealth, National Health care, Increased Wellfare benefits, and other programs that "Reward" some people for not working, the Government will need more money.
The need for more money equates to higher taxes. If you have a meager paying job, just how high a tax rate will you tolerate?
As far as I'm concerned my paycheck is "Taxed" out and can't tolerate much more.
I work hard for my money and deserve to keep what I've earned. Or maybe, just maybe, I should quit my job and go on welfare so you can help support me.
13 Answers
- ATJLv 61 decade agoFavorite Answer
There are people out there that know increase in tarifs increase the cost of clothes and food and any other goods coming or going out of this country so midddle class America will take the brunt of that mistake cost will go up. Increasing capital gains will effect every working person who has a 401K Obama will more then double that tax hurting the stock market. Increasing Big business tax will throw a big wrench into our economy big business are all ready laying people off due to the economy. Big business will be tempted to leave this nation for better tax cuts in foriegn countries they pay the largest taxes in the world all ready again more jobs lost. Obama thought by having Buffet on his side would help Buffett invested 500 million dollars in the market to show people everything is fundamentaly sound in the market the next day Buffett lost his money. People are not stupid and I am speaking about Republicans and Independents they know where Obama's economy will lead us and that is to the poor house. McCain is right we need to put a cap on these foreclosures and lower the principle and interest rate so people can keep there homes and Banks can be paid off then the banks will start lending again and the housing market will grow again. Europe and Canada are all ready speaking of not trading with us if Obama is elected because again he wants to throw a wrench into the Free Trade agreement. Does Obama get it that this is not only America's problem but a universal problem as well. This man is the most dangerous person that has ever ran for president.
- 1 decade ago
Actually my income tax should be 0% and with enough people pressuring their Politicians the Fairfax Legislation could be passed and we only pay when we buy new items. Plus every legal American Adult Citizen would receive ~$170.00 and each legal child would receive ~$85.00 rebate each month from the Federal Govt.
This would also eliminate the ~22% embedded taxes that corporation pass on to the consumers, bringing the cost to consumers down by ~22%, it would also eliminate Capitol Gains Taxes, Inheritance Taxes, Death Taxes, SSi Tax, Medicaid Tax, the IRS, and all that Trillions of Dollars in off shore banking could be coming home to help shore up our economy.
The one way flow of money from the government would now be a two way flow, for now all the people living off of the backs of the tax payers would be paying into the system when they purchase new items, along with the vacationers who find U.S.A. a great place to visit.
- Anonymous1 decade ago
I feel your pain. I'm already in the 28% tax bracket, myself, so I guess you must be making over $165,000, yourself. But the Federal Tax isn't nearly as bad as the fact that we are paying almost as much in Social Security as in Federal Tax. I try to calm myself by looking at the way my wife's mother is being taken care of, mostly by Federal funds, and doesn't have to depend on us for anything except a few little extras. It's a really awkward situation, since I doubt that the Country will be able to take care of me the way they took care of my parents and, now, my wife's mother.
- 1 decade ago
I agree, I work hard and as far as I'm concerned I don't want anyone to increase my taxes. This is why I look at candidates voting record, Nobama voting to increase taxes 90+ times or McCain who doesn't want to increase taxes and knows that doing so in this economy would send us spiraling into a depression
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- Anonymous1 decade ago
Prior to Reaganomics (i.e., Trickle Down Theory), the highest tax bracket was 91%. Now billionaires pay a maximum of 39%, and most billionaires pay nothing. I hope that the highest rate is at least 50%, and preferably about 70%. A billionaire can certainly afford it, and avoid it.
- ?Lv 45 years ago
the non-public sector has taken the toughest hit on tax will boost in the form of sin tax and gas taxes. i come across the very concept of a "sin" tax to be ridiculous. occasion: consistent with-%. cigarette tax climbs from 39 cents to $a million.01
- Victory !Lv 61 decade ago
McCain: The average taxpayer in every income group would see a lower tax bill, but high-income taxpayers would benefit more than everyone else.
Obama: High-income taxpayers would pay more in taxes, while everyone else's tax bill would be reduced. Those who benefit the most - in terms of reducing their taxes as a percentage of after-tax income - are in the lowest income groups.
In my income bracket McCain plan would save me $96, Obama plan would save me $560.
HealthCare (Priceless).
- Anonymous1 decade ago
Under Obama, you will pay less taxes up to an income of 250,000 a year.
Up to 500,000 a year, you will pay $700 more a year, similar like with Mc Same.
- 1 decade ago
Maybe we should all get welfare have you ever seen the welfare line, Gold chains, nice cars, hell their living better than I am, and I actually work for what I have.