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The Spectacle Blog
The WSJ does a great job exposing the myth that Obama will cut taxes on 95% of Americans. In reality, Obama's plans would create a raft of new government handouts and subsidies masquerading as tax relief.
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More Blog Posts by Philip Klein
http://spectator.org/blog/2008/10/14/obamas-95
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Noor| 10.20.08 @ 11:25PM
I truly cannot believe how uninformed many people are of the tax system and I cannot believe that the WSJ is capitalizing on it. So let me clear this for everyone: EVERY WORKER PAYS TAXES. ABSOLUTELY EVERY WORKER, when they receive their salary checks has a PAYROLL TAX DEDUCTION. So all year long, people go and pay their taxes religiously. Now at the end of the tax season, when you have to file your income tax, you might have zero-income tax liability. This means that you don't OWE the government further taxes because you paid them ALL thorugh your payroll discount. Sometimes peopel get a refund because they paid more taxes on payroll than they owe. Now under Obama, the ONLY people could have a negative tax rate (i.e. receive money from the governmet) are the people who earn less than $10,000. And anyone who thinks it's wrong to help out a little (the net tax ret would be -2.8%) hard working people who makes less than $10,000 has little sense of solidarity. Here is the table from the Tax Policy Center, a non-partisan analysis group confirming what I just said: http://www.taxpolicycenter.org/numbers/displayatab.cfm?Docid=1967&DocTypeID=1 SHAME on the WSJ for doing such an irresponsible article
Christina| 10.21.08 @ 2:12PM
Noor, One canNOT earn only $10,000 annually given our mandated minimum wages and working 40 hours per week, so that point is moot.