The Truth About Bush And Obama Taxes

Posted by politicalpartypooper on July 31, 2010

Take a look at this graphic from the Wall Street Journal, which displays the 2011 tax differences between keeping the Bush Tax Cuts and the Obama plan.


You don’t need to be a math wizard to see where the Bush tax cuts have their largest impact.  Basically, any income below $300,000 sees an increase in taxes under the Bush plan, while incomes above $300,000 see an increase from the Obama plan.  Which do you prefer?  I would also point out that for incomes between $300,000 and $1,000,000 the Obama increase is 1.3%, not the 5 -10% that conservatives have been bandying about.  1.3%.  I’ll pay that.

One of my commenters made a good point about taxes, though.  There is no amount of taxes that I want to pay so long as our government is wasting them.  $9 Billion misplaced in Iraq, or shall I just come out and say it?  STOLEN.  That’s what you call it when money goes missing without a paper trail.

If a good group of honest business people got their hands on the actual budget, I’d bet we could cut 40% of it just by identifying waste and redundancy.  And maybe that’s what we ought to be doing.  It seems to me that the two parties have too many people to pay back, too many conflicted interests to be trusted with writing a budget.  No one in Washington really wants to be the bad guy; the responsible guy, the one who tells those extra ten thousand military consultants, “You’re no longer needed” or says to the bureaucrats running the one hundred fifty government oversight “programs” that we only need five of you.  If we could get our hands on the actual paperwork or computer files that show how each “program” works, how many are employed, and how much of it is reducndant…yeah, 40% cut to the budget instantly.     Ω



3 Responses to “The Truth About Bush And Obama Taxes”

  1. I can't believe you said that said

    (If a good group of honest business people got their hands on the actual budget,)

    And where will you find this mythical group of honest business people? Perhaps from the honest autmobile dealers association. You know, the one that puts its customers first everytime they sell a car? No? Well how about from the local bar association that all the bottom feeding attorneys call home? Nope still? Maybe you mean the realtors who are still out there doing everything they can to sell an overprice house so their kids won’t starve?

    My point is simple Skywalker. These are all small businesses run by business minded individuals and everyone of them is looking out for their own interest. Much like our different political parties, and even to some extent, the very branches of the government itself. Does the realtor care if your car is on its last leg? No! He just wants to sell a house to you. Does the attorney care if you can’t afford to purchase the house from the realtor because you have to fix your car? No way, he just wants you to sign on the dotted line so he can collect his fee. Politicians have used graphs and charts for eons to con and bait & switch their constituents to get them to do what they want. Even fake indies……

    • politicalpartypooper said

      The one thing you forget, “I Can’t”, is that these business people don’t have a huge personal stake in the Federal budget. Obviously, you couldn’t allow a defense contractor to edit the defense budget etc., etc., etc. But you could trust business people to identify waste, especially if the parameters were “treat the waste the way you would in your own business”.

      There are far more good, honest business people than not. Just because Fox News, CNN, and MSNBC focus on scum does not mean we’re all scum. Scum typically focus on scum…see?

  2. jane said

    It seems like a separation of lawmaking and budgeting would be a positive start, at least.

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