Following the link in the article that says Obama voted to raise taxes on people earning $32G we find that it actually refers to taxable income not income before taxes. So an IBT of $41G is really what he voted for.

I have to make 3 points:

1. Does that mean it's acceptable to anyone to increase taxes on people earning $41G/year? (not me)

2. Isn't taxable income the only value that matters? (for me yes)

3. If one answers the 2 points above as I did, then the $32G number is perfectly valid. It's a matter of record and pragmatically correct. Not negative.

If Obama wins and the democrats end up with a non-stoppable majority EVERYBODY"S taxes are going up.

Period. There's no debate about that. Obama has pledged so. He would like us to believe it's all about the 'rich'.

Not that I'm enamoured with McCain - I'm not. But taxes are a big issue for me - a vote changer.

IF taxes are a big issue to you, try doing some research. <link>

Everybody's taxes are going up no matter what don't kid yourself. "Starve the beast" didn't work and now we are stuck with interest payments. So, do you want to pay more taxes now or a lot more in 8 years?

Who is going to recieve this tax money? Shouldn't the "debt" be paid instead of "just taxing" everyone?

BaselessGull:

Who is going to recieve this tax money? Shouldn't the "debt" be paid instead of "just taxing" everyone?

Yes it should.

The number McCain has repeatedly used is $250K. He has used it countless times so I believe it is one we can consider a "fact".

I know very few people who make anywhere near that amount of money and those who do are very high level corporate officers or major investors. People who quite frankly have more than one home, more than one car, and cant imagine life without exotic vacations.

Obama is secretly planning to tax the poor you say?

Sorry but the oil companies beat him to it.

As a result of my fuel costs and heating costs I have nearly 20% less income to use on anything else AND costs for groceries and numerous other things have gone up as a result of their fuel costs.

Taxes are not the problem and are not a problem for most people. Only the wealthy can claim taxes are taking a big chunk of their money. And before you say I am wrong on this consider what you pay for housng, food, and energy and ask why these things enjoy major tax credits and substidies despite record profits while the consumer gets hit with the costs head on with no relief in sight.

Obama may not have all the answers but McCain plans to continue with the status quo and that status quo hasnt been good to most of us.

SandyB - you can trust an article on analysis of proposals from CNN if you want...and continue to make snide remarks from your enlightened point of view please. I'll rely on the past voting behavior of each candidate as a more pragmatic measure of what I might expect. That, and the fact that congress ultimately holds the purse strings. Given that the current democratic leadership is all for more taxes - and neither party seems in anyway able to control their lust for spending taxpayers money - I prefer to try to generate some good ol' fashioned grid lock. I absolutely don't want 1 party in control of everything again.

Additionally, this article didn't address capital gains tax rates. If the cost of US capital goes up then investors such as myself (through my 401K) will move their capital into off shore vehicles that pay better returns so as to cover the eventual capital gains tax when withdrawn at retirement. This movement of capital will slow the US economy an estimated 2% immediately with a top end to the cycle pretty open to speculation.

We need to starve the feds to death from their money addiction.

If you don't like that analysis, try any of the others of dozens... the bottom line is that under Obama's plan only those who make over $250K will pay more in taxes, and that is true for Capital Gains too. Perhaps you would prefer a link referencing FOX news (since you seem to distrust CNN). Of course, the link points out how the FOX guest misrepresented Obama's plan (hope you don't FOX either), but at at least it corrects the mistake. <link>