Author Topic: The 95% Illusion  (Read 794 times)

0 Members and 1 Guest are viewing this topic.

Offline NRAJ

  • Full JTFer
  • ***
  • Posts: 107
The 95% Illusion
« on: October 16, 2008, 12:21:31 PM »

Offline NRAJ

  • Full JTFer
  • ***
  • Posts: 107
Re: The 95% Illusion
« Reply #1 on: October 16, 2008, 04:46:29 PM »
Doesn't anyone have an opinion on this or any other info relating to it?

Offline AsheDina

  • Honorable Winged Member
  • Silver Star JTF Member
  • *
  • Posts: 5665
  • PSALMS 129:5 "ZION" THE Cornerstone.
Re: The 95% Illusion
« Reply #2 on: October 16, 2008, 04:54:27 PM »


  Yes, I have an opinion: the real reason behind the economic shake up is b/c investors ABSOLUTELY know that under an obama admin. They would have lost all & more.  The reason that this wall street shake up is happening is b/c they KNOW that it is highly likely that Husseion obama will win.  This 95% is 95% LIE. Just another LIE from Hussein obama.
SHEMA ISRAEL
שמע ישראל
I endorse NO Presidential Candidates

Offline NRAJ

  • Full JTFer
  • ***
  • Posts: 107
Re: The 95% Illusion
« Reply #3 on: October 17, 2008, 12:05:56 AM »
I'm talking about this part of of it:



"- A $500 tax credit ($1,000 a couple) to "make work pay" that phases out at income of $75,000 for individuals and $150,000 per couple.

- A $4,000 tax credit for college tuition.

- A 10% mortgage interest tax credit (on top of the existing mortgage interest deduction and other housing subsidies).

- A "savings" tax credit of 50% up to $1,000.

- An expansion of the earned-income tax credit that would allow single workers to receive as much as $555 a year, up from $175 now, and give these workers up to $1,110 if they are paying child support.

- A child care credit of 50% up to $6,000 of expenses a year.

- A "clean car" tax credit of up to $7,000 on the purchase of certain vehicles.

Here's the political catch. All but the clean car credit would be "refundable," which is Washington-speak for the fact that you can receive these checks even if you have no income-tax liability. In other words, they are an income transfer -- a federal check -- from taxpayers to nontaxpayers. Once upon a time we called this "welfare," or in George McGovern's 1972 campaign a "Demogrant." Mr. Obama's genius is to call it a tax cut."


Offline jaime

  • Pro JTFer
  • *****
  • Posts: 811
Re: The 95% Illusion
« Reply #4 on: October 17, 2008, 04:53:46 AM »
gee, that's marvelous.  i'm gonna vote for him :beast:

Offline cjd

  • Silver Star JTF Member
  • ********
  • Posts: 8996
Re: The 95% Illusion
« Reply #5 on: October 17, 2008, 06:14:12 AM »
The article like most things dealing with the tax law will leave most folks scratching their heads. The bottom line seems to be that Obama's plan is a transfer of wealth program plain and simple. A progressive tax code is one thing however when we start giving people money who don't even pay taxes something is clearly wrong. People who already pay no taxes should not be getting additional money out of the system. I don't mind paying my fair share of taxes however Obama's program is starting to make me feel like a sucker. Why should I go out to work each day hours on end only to in the end have my money going to people that in most cases I would not even care for. I wonder how many hard working Americans have really sat back and thought about this. I guess if you are on the receiving end of Obama's Share the wealth program its all good however I wonder if implemented how long that gravy train will go before it runs out of steam.
He who overlooks one crime invites the commission of another.        Syrus.

A light on to the nations for 60 years