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  • Whats you guys take, he did spend over 5 mins with the plumber... This really worries me and I am a big supporter of Obama..Conservatives yesterday ripped Obama after he was caught on video telling an Ohio plumber that he intends to take the profits of small-business owners and "spread the wealth around" to those with lesser incomes. The fracas over Obama's tax plan broke out Sunday outside Toledo when Joe Wurzelbacher approached the candidate. Wurzelbacher said he planned to become the owner of a small plumbing business that will take in more than the $250,000 amount at which Obama plans to begin raising tax rates. "Your new tax plan is going to tax me more, isn't it?" the blue-collar worker asked. After Obama responded that it would, Wurzelbacher continued: "I've worked hard . . . I work 10 to 12 hours a day and I'm buying this company and I'm going to continue working that way. I'm getting taxed more and more while fulfilling the American Dream." It's not that I want to punish your success," Obama told him. "I want to make sure that everybody who is behind you, that they've got a chance for success, too. Then, Obama explained his trickle-up theory of economics. "My attitude is that if the economy's good for folks from the bottom up, it's gonna be good for everybody. I think when you spread the wealth around, it's good for everybody." Critics said Obama let the cat out of the bag. "It's clear that his main goal is redistribution of wealth, not growth," said Andy Roth with the anti-tax group Club for Growth. "He's perfectly happy to destroy wealth as long as he can redistribute it." Obama has been meticulous, Roth said, to conceal the "socialistic" nature of his tax plans. "But every once in a while, he lets it slip," he said.

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    10.15.08, 07:59 AM [ Flag ]

    • sorry hit enter twice..

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      10.15.08, 08:00 AM [ Flagged | link to this post ]

    • do you really think that taxes won't go up with either person as POTUS? They will and the % of small business don't make over 250k..so it will be a small % to get the tax hike. Obama said this the other night in the debate

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      10.15.08, 08:02 AM [ Flagged | link to this post ]

      • totally agree, taxes are going to go up. Period. Just depends on where you want the biggest hit. I vote for people making over 250K.

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        10.15.08, 08:05 AM [ Flagged | link to this post ]

        • no, taxes are not going to go up.

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          10.15.08, 08:05 AM [ Flagged | link to this post ]

          • or: keep dreaming. They are going up. How do you think the govt will pay for all of this debt? How?

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            10.15.08, 08:09 AM [ Flagged | link to this post ]

            • everyone's taxes are going up, no matter what you are told now. if you make over 250K you will be better off to quit your job and try to live off the government because they are going to take everything you have.

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              10.15.08, 08:13 AM [ Flagged | link to this post ]

              • paranoid much?

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                10.15.08, 08:19 AM [ Flagged | link to this post ]

              • One of the stupidest posts ever! Hahaha! ROFL! When you quit your job, please let me know, because the "nothing left" salary to you is plenty of money for me and the rest of the world. Only in NYC do people making more than $250K feel entitled to whine and complain.

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                10.15.08, 11:45 AM [ Flagged | link to this post ]

            • Ali will provide..

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              10.15.08, 08:17 AM [ Flagged | link to this post ]

            • they will pay for the debt the way governments always do, by letting inflation whittle down the value of the bonds.

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              10.15.08, 10:54 AM [ Flagged | link to this post ]

              • Hello, our interest payments continue to rise rapidly

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                10.15.08, 11:15 AM [ Flagged | link to this post ]

                • and the pricing power of the dollar is falling. It will get to the point in 30 years that repaying a few billion dollars of bonds won't be such a big deal, cause a billion dollars will be the sales tax on a rutabaga.

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                  10.16.08, 08:51 AM [ Flagged | link to this post ]

              • Right, because then they don't have to raise taxes and can keep spending- the American ppl will never notice they paid the debt by paying $10 for a loaf of bread!

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                10.15.08, 11:26 AM [ Flagged | link to this post ]

                • they'll notice, but it will happen slowly. A loaf of bread used to be a nickel, after all.

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                  10.16.08, 08:54 AM [ Flagged | link to this post ]

          • okie dokie then. McCain will not raise your taxes. He will not tax your health care benefits. Nope, just isn't going to happen. OK>

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            10.15.08, 08:14 AM [ Flagged | link to this post ]

        • because you don't make that much.

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          10.15.08, 08:09 AM [ Flagged | link to this post ]

          • as a matter of fact, we do. Not everyone who makes over 250K votes Republican. I don't mind paying taxes. I like roads, schools, etc.

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            10.15.08, 08:15 AM [ Flagged | link to this post ]

            • Obama wants to give your tax money to people who don't pay taxes. Cash, in the form of rebates. I'd feel better about it if it were funding work programs or adult education.

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              10.15.08, 06:06 PM [ Flagged | link to this post ]

          • OP> I dont make that much but hope to someday.

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            10.15.08, 08:20 AM [ Flagged | link to this post ]

    • i like obama but i don't know if i'm going to vote for him. his belief that "wealth" (i use that term loosely given that anyone making over 250K is "superwealthy") should be redistributed is pretty blatant, and i'm not a fan of that.

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      10.15.08, 08:02 AM [ Flagged | link to this post ]

      • Sorry but every government redistributes wealth. Would you prefer to give tax breaks to huge profitable corporations?

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        10.15.08, 08:04 AM [ Flagged | link to this post ]

        • to a certain extent, of course it does. but to aid people who have decent paying jobs but "can't pay for retirement" because they didn't plan for it? i think that's beyond the responsibility of government.

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          10.15.08, 08:06 AM [ Flagged | link to this post ]

          • Wal-mart will always need a greeter the way the expand.. Would you like a cart.

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            10.15.08, 08:13 AM [ Flagged | link to this post ]

            • Yeah, we will push sick 70yos to become greeters at Wallmart. Good luck with that.

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              10.15.08, 08:47 AM [ Flagged | link to this post ]

          • People can't even figure out how much mortgage they can afford as we have painfully witnessed, do you really think they can manage to plan for retirement on their own?

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            10.15.08, 08:48 AM [ Flagged | link to this post ]

        • yes if they create new jobs..

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          10.15.08, 08:07 AM [ Flagged | link to this post ]

      • me to .. We've earned all the money we have a two income family and make 250 combined... we are not superwealthy.. I worked my ass off and went through public school and public college..I would also like to leave my childern money with out having to give 55% to the goverment of 80% if you included the tax we already paid on it..

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        10.15.08, 08:06 AM [ Flagged | link to this post ]

        • or: you all are us, exactly. it makes me ill.

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          10.15.08, 08:07 AM [ Flagged | link to this post ]

        • OP> Maybe I am a classist, I am fine paying a little more tax.. but I am not fine on him trying to limit the american dream and cut out small family business from being passed down or even farms that will be taxed so much by the estate tax that they will have to sell.. these days its not hard as a small biz to have a 1mil in equity or wealth to pass down..

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          10.15.08, 08:12 AM [ Flagged | link to this post ]

        • Oh boo hoo hoo. I am crying for yoooooo.

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          10.15.08, 11:49 AM [ Flagged | link to this post ]

        • ITA, but I don't have much to leave them right now b/c I'm paying 50% of my income to taxes already.

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          10.15.08, 06:59 PM [ Flagged | link to this post ]

    • too long, sorry

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      10.15.08, 08:02 AM [ Flagged | link to this post ]

    • I saw the video really scary..(

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      10.15.08, 08:22 AM [ Flagged | link to this post ]

      • So why has Obama not addressed the Estate tax directly.. and how come he has now lowered his capital gains tax to 20% from 28%..

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        10.15.08, 08:42 AM [ Flagged | link to this post ]

        • Estate tax is a joke, everyone who has that much money can afford to hire attorney to figure out how to avoid the estate tax. a non-issue.

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          10.15.08, 08:49 AM [ Flagged | link to this post ]

          • it is not that simple... Estate tax will nail you at 1 mil

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            10.15.08, 10:46 AM [ Flagged | link to this post ]

            • yes it is, you can create trusts, you can start passing on the wealth while you are still alive. Almost everyone does.

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              10.15.08, 11:14 AM [ Flagged | link to this post ]

          • I am sorry know one is leaving you a cent, but it is not that simple ..

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            10.15.08, 11:11 AM [ Flagged | link to this post ]

            • We have more than enough money, and by the time MIL dies if we still needed inheritance we'd be in deep trouble. I hope they skip us entirely and give the money to grandkids.

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              10.15.08, 11:19 AM [ Flagged | link to this post ]

    • i hate mccain but i can't vote for obama. we've had a terrible year--i lost my job, dh got sick and we have huge medical bills. once we get back on our feet we can't afford the taxes obama is proposing. i'll be sitting this election out.

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      10.15.08, 10:50 AM [ Flagged | link to this post ]

      • No vote is a vote for Obama this election...

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        10.15.08, 11:04 AM [ Flagged | link to this post ]

        • If my wife and I die on December 31, 2010, my daughters won't pay any estate taxes. Not one nickel. If I die a day later it will cost my kids 55% of my assets. The IRS wants its money, in cash, 9 months and a day later. If my assets are tied up in a business, a private equity fund, real estate, or sundry other illiquid "investments," the IRS will still insist on its cash. Which means my assets will be put up for a fire sale and the penalty of dying could be much higher -- perhaps over 100%. In which case the only "inheritance" my kids will get will be a whopping tax bill. The name of the game is get one's assets away from the IRS now. That will save the taxes now on the principal and the appreciation between now and when you die. Figure you have a $10 million net worth now. Die today, you could get zapped with taxes of $4.4 million -- that's after the $2 million deduction. But die in ten years, when even with our

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          10.15.08, 11:16 AM [ Flagged | link to this post ]

    • If he makes over $250 K (this is after overhead, etc, this is PROFIT) then tax away. I don't care what color his collar is if he makes $250 k per year. And keep in mind, with a weak dollar and rising inflation, inflation will act like a hidden tax unless we make it less hidden by taxing outright (and thus paying off the debt and leading to a stronger dollar). Inflation eats into everyone's buying power, the poor spend more of their income on basics like food, it will hit the poor and elderly harder (because elderly are on a fixed income). We need to address this debt or inflation will spiral and address it for us by inflating away our debt- and everyone's buying power with it.

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      10.15.08, 11:14 AM [ Flagged | link to this post ]

      • we have this problem because of the hand out country we are.. We all start of with the chance for 12 years of free education...

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        10.15.08, 11:17 AM [ Flagged | link to this post ]

        • oh please, you will not seriously tell me that we all start in the same place with the same opportunities. What a load of crap.

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          10.15.08, 11:20 AM [ Flagged | link to this post ]

        • The Iraq war has nothing to do with hand-outs. Totally unnecessary expense and will be a continued drain until we pull out.

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          10.15.08, 11:21 AM [ Flagged | link to this post ]

        • well I have worked hard and got rhough school on scholarships, have a masters degree, and I make less than that. So no problem with taxing the lucky few more. I do pay taxes, and I don't think it's exactly communist Russia for me to get a cut a this "poor blue collar plumber" to get a tax increase if he makes over $250- which is a ton of $$$$$$$$$. And if you think thats unfair, did you hear McCain actually say that we must keep SS as is for current retirees but cut it for future retirees- now how is that not some kind of cross generational socialit swap? Or are you too old to care?

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          10.15.08, 11:23 AM [ Flagged | link to this post ]

          • (NP) I think social security needs to be ended. Turn it into welfare for poor people. We can't afford it. It was never intended to be what it has become. Ponzi scheme that has run it's course.

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            10.15.08, 06:07 PM [ Flagged | link to this post ]

            • I have paid into it for those older than me, very nice for it to end after they get theirs but before the younger workers get anything. I can't handle that level of unfairness.

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              10.16.08, 08:39 AM [ Flagged | link to this post ]
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