Tax Comparison

Courtesy of The Washington Post, a factual comparison of the McCain / Obama tax plans. Which would you prefer?

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Comments

Obamas.

Jeff, care to expand your answer? I’m truly interested…

I’ll expand a little, but please realize I’m no accountant or tax guru for those other than Paul reading.

My initial though when looking over the graph above was that Obama’s taxation is in the “right places”. Perhaps this is due to a sincere interest in democratic socialist states such as New Zealand, Finland, etc. Simply put I believe those with more should give more–either by force a la above or by charity. The problem with leaving it up to charity is that most don’t come close to having that type of charity in our hearts. Secondly, while Obama’s figures end up creating less of an overall cut the cuts and/or additions seem to be consistent with resources. It just makes sense to me that the poor should pay less and the rich more. If it were me I would expand Obama’s taxation down to at least those making over 111,000 dollar mark.

No one needs… NEEDS… 111,000 dollars to live comfortably if they are fiscally responsible. Most families should be able to live off say 65,000 or 70,000 dollars (all things being equal). Who needs a 3000 square foot house? Who needs a 40,000 dollar SUV? Who needs to send their lovely children to an ivy league school?

Those are my off the top of my head thoughts.

It’s probably also that I’ve voted Green Party the last two elections and will most likely vote Obama this go around.

Thanks for expanding, Jeff. I actually agree with many of your points. People don’t give enough to charity…and no one NEEDS over 100k to live.
I would point out, however, that it seems to me our current tax burdens meet your suggestions. Consider…
1) the richest 1% of American households pay 38.8% of all federal income tax
2) but they make only 17% of all income
3) and the top income 1.1 million households pay more than the bottom 90 million combined
4) finally, the tax burden since 1980 has been steadily increasing for the top 1% of taxpayers, and steadily decreasing for the bottom 80%
Interesting statistics…

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